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* TSMC sales up 1.5 pct in Aug vs down 3.4 pct in July

* UMC sales down 24.7 pct in Aug vs down 18.6 pct in July

* TSMC Q3 rev likely to exceed guidance -CFO

* TSMC to outgrow industry this yr due to 28nm ramp-Citi (Adds company statement, UMC sales, Citi report and other details)

TAIPEI, Sept 9 (Reuters) - The world's biggest contract chip maker TSMC said on Friday sales returned to positive growth in August aided by rush orders for customers, likely lifting third-quarter revenue above guidance, although this may not benefit the fourth quarter.

Global chip makers and foundries have been battling with falling demand as the industry was hit by economic uncertainties and customer inventory adjustments.

"Given the increased uncertainty in the global economy, TSMC does not expect that these short-term rush orders will continue into the fourth quarter," TSMC Chief Financial Officer Lora Ho said in a statement.

Taiwan Semiconductor Manufacturing Co Ltd's sales in August rose 1.5 percent from a year earlier, bouncing back from a 3.4 percent decline in the previous month.

Smaller cross-town rival United Microelectronics Corp (UMC) , the world's No.2 contract chipmaker, reported on Thursday its August sales dropped 24.7 percent, compared with an 18.6 percent decline in July.

TSMC had said in July it saw lower revenues and gross margins in the third quarter, citing consolidated revenues between T$102-104 billion. The company also trimmed its full-year capital spending outlook by 5 percent and reported second-quarter earnings below forecast.

Citi forecasted in a report that TSMC would grow above the industry average this year, helped by a fast 28nm ramp, and that would continue to be its main catalyst in 2012.

Texas Instruments , which makes chips for products ranging from cellphones to cars, said on Thursday its third-quarter earnings and revenue would be worse than already low expectations as concerns about an economic slowdown was stifling demand for products that use its chips.

Shares of TSMC closed up 0.87 percent ahead of its sales result, while UMC was down 0.44 percent.

For a table on TSMC's website, see here ($1 = 29.143 Taiwan Dollars) (Reporting by Clare Jim; Editing by Jacqueline Wong)

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vineri, 3 iunie 2011

Boeing sees higher defence sales to international customers

SINGAPORE | Fri Jun 3, 2011 3:56am EDT

Muilenburg told reporters that strong defence spending in the Asia-Pacific and Middle East regions was driving the growth as defence budgets in the United States and Europe were likely to stay flat, if not fall. (Reporting by Harry Suhartono)

SINGAPORE | Fri Jun 3, 2011 3:56am EDT

SINGAPORE | Fri Jun 3, 2011 3:56am EDT

luni, 23 mai 2011

UPDATE 1-Dutch chemical sector Q1 sales up, industry optimistic

* Dutch chemical sector sales rise 22 pct year-on-year

* Companies confident risks are manageable -group

(Adds details)

AMSTERDAM, May 23 (Reuters) - Dutch chemical sector sales grew 22 percent in the first quarter and companies are looking to increase investments in 2011 on the assumption that market uncertainties will be manageable, an industry body said.

The Dutch Chemical Industry Association (VNCI) said on Monday the sector was continuing its recovery, with quarterly sales growth coming from increased production and higher selling prices as companies passed on rising costs to customers.

Output rose by almost 3 percent in the first quarter, VNCI said, pointing to Statistics Netherlands figures.

"Chemical companies are generally optimistic and see both opportunities and causes for concern for the remainder of the year," VNCI said in a statement.

VNCI, whose members include Dutch paints group AkzoNobel (AKZO.AS) and vitamins maker DSM (DSMN.AS), pointed to Statistics Netherlands figures indicating businesses in the industry plan to increase investment by 73 percent in 2011.

This compares with a 36 percent drop in investments in 2010 to 0.9 billion euros from 1.4 billion in 2009.

The planned investments show a mixed picture, however, as companies are keen to spend on R&D and efficiency improvements but also deferred expansion investments.

VNCI Chairman Werner Fuhrmann said it was uncertain whether 2011 would be a better year for the sector than 2010 as this was dependent on the euro crisis, the after-effects of the Japanese earthquake, inflation in China and turmoil in the Middle East.

The chemical industry is primarily oriented at exports, which makes it very sensitive to such developments, currency rate movements and fluctuating oil and raw-material prices.

Global chemicals companies have been battling rising raw materials costs. AkzoNobel and DSM reported strong quarterly results on improved demand and price hikes as they also guided for improved results in 2011. [ID:nLDE63L2KS] [ID:nLDE71L06B]

In 2010, chemical industry production rose by more than 7 percent in 2010, while sales rose by 25 percent to 47 billion euro ($66.1 billion), while selling prices rose by 20 percent. (Reporting by Aaron Gray-Block; Editing by Hans Peters) ($1=.7109 Euro)

* Dutch chemical sector sales rise 22 pct year-on-year

* Companies confident risks are manageable -group

(Adds details)

Output rose by almost 3 percent in the first quarter, VNCI said, pointing to Statistics Netherlands figures.

"Chemical companies are generally optimistic and see both opportunities and causes for concern for the remainder of the year," VNCI said in a statement.

This compares with a 36 percent drop in investments in 2010 to 0.9 billion euros from 1.4 billion in 2009.

The planned investments show a mixed picture, however, as companies are keen to spend on R&D and efficiency improvements but also deferred expansion investments.

The chemical industry is primarily oriented at exports, which makes it very sensitive to such developments, currency rate movements and fluctuating oil and raw-material prices.

* Dutch chemical sector sales rise 22 pct year-on-year

* Companies confident risks are manageable -group

(Adds details)

Output rose by almost 3 percent in the first quarter, VNCI said, pointing to Statistics Netherlands figures.

"Chemical companies are generally optimistic and see both opportunities and causes for concern for the remainder of the year," VNCI said in a statement.

This compares with a 36 percent drop in investments in 2010 to 0.9 billion euros from 1.4 billion in 2009.

The planned investments show a mixed picture, however, as companies are keen to spend on R&D and efficiency improvements but also deferred expansion investments.

The chemical industry is primarily oriented at exports, which makes it very sensitive to such developments, currency rate movements and fluctuating oil and raw-material prices.

joi, 14 aprilie 2011

Volkswagen says Q1 China auto sales up 19.9 pct yr-on-yr

BEIJING, April 14 | Thu Apr 14, 2011 3:50am EDT

BEIJING, April 14 (Reuters) - Volkswagen AG said on Thursday it sold 548,400 cars in mainland China, Hong Kong and Macau in the first quarter, up 19.9 percent from a year earlier, more than doubling the overall growth rate of China's car market.

A total of 429,517 Volkwagen cars were delivered in the three-month period, up 18.4 percent, with Audi sales up 24.6 percent to 64,122 units, it said in a statement.

Volkswagen makes cars in China in tie-ups with SAIC Motor and FAW Group.

Rival General Motors , which makes cars, light trucks and mini vans in China, sold 685,583 vehicles in the country, up 10 percent from a year earlier. [ID:nL3E7F1135] (Reporting by Fang Yan and Ken Wills)

BEIJING, April 14 | Thu Apr 14, 2011 3:50am EDT

A total of 429,517 Volkwagen cars were delivered in the three-month period, up 18.4 percent, with Audi sales up 24.6 percent to 64,122 units, it said in a statement.

Volkswagen makes cars in China in tie-ups with SAIC Motor and FAW Group.

joi, 24 martie 2011

UPDATE 1-SolarWorld sees Japan crisis, U.S. boosting sales

* Sees 2011 sales above 2010 levels of 1.305 bln eur

* Expects sales to rise further in 2012, profits to rise

* Japan crisis will transform energy landscape - CEO

* Shares up 1.2 pct

(Adds details, background)

BONN, March 24 (Reuters) - SolarWorld (SWVG.DE), Germany's No.2 solar company by market value, sees higher sales this year and next, taking heart from a strong U.S. market and a boost to the renewable industry following Japan's nuclear crisis.

The renewable sector has seen a massive surge since a 9.0-magnitude earthquake caused a nuclear crisis in Japan and governments around the world pledged to speed up switching to renewable sources of energy. [ID:nLDE72A217]

Since March 10, SolarWorld shares are up by more than 30 percent, outperforming gains of other sector bellwethers such as Suntech (STP.N), First Solar (FSLR.O), Renewable Energy Corp (REC) (REC.OL) and SMA Solar (S92G.DE). [ID:nLDE72A217]

"The crisis in Japan hits the world. It shows in a very disturbing way that cheap, safe and clean nuclear power is an illusion," Chief Executive Frank Asbeck said in the company's annual report, adding the crisis would boost the green sector.

SolarWorld said on Thursday that it expected 2011 sales to exceed the level of 2010, when the company generated 1.305 billion euros ($1.84 billion), and added it also expected sales to rise further in 2012. It gave no profit outlook for 2011.

Asbeck, nicknamed the "sun king" for his outgoing nature, had told Reuters already last month that sales would rise this year, but refrained from giving further details at the time. [ID:nWEB7098]

Thomson Reuters I/B/E/S estimates show that SolarWorld's revenues are expected to grow by more than 13 percent to 1.477 billion in 2011, while 2012 sales are seen at 1.62 billion. <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

Graphic of nuclear crisis' impact on green energy stocks:

r.reuters.com/fex58r

r.reuters.com/rex58r

For an ANALYSIS on the nuclear crisis' impact