China – Page 9 – Custer Contexo Group

Pegatron To Open Plants In Indonesia and Vietnam

January 27, 2020 by Jonathan Custer

Pegatron, the world’s second-largest contract manufacturer of electronics, announced plans to have new factories in Indonesia and Vietnam in operation by the end of the year. The company’s trying to reduce its reliance on its plants in China, where operating costs have risen due to higher labor costs and the U.S.-China trade war. Pegatron is among …

China’s Auto Sector Hit By Coronavirus

January 24, 2020 by Jonathan Custer

A 30-meter long auto-production line of a company in Wuhan of Central China’s Hubei province has adopted the #5G technologies, the first time in China, which provided smoother data transition to the machines in the process to improve the efficiency. #tech pic.twitter.com/A5xM1rSBIZ — China Daily (@ChinaDaily) April 16, 2019 The first cases of the pneumonia-like …

Copper & Oil Prices Hammered On Coronavirus Fears

January 24, 2020 by Jonathan Custer

Copper prices are on track for the biggest weekly drop in nearly 19 months amid worries over a new coronavirus in China. Copper futures are down over 7 percent in the past week and WTI Crude down more than 17 percent since its Jan 8th high. “The pressure on the metals complex should be somewhat …