A-Power Energy Generation Systems, Ltd. (APWR) announced it has entered into a definitive agreement with China Machine-Building International Corporation to co-develop a turn-key solution in the construction of a major cement plant in Vietnam.
This DG project with CMIC has commenced immediately with the construction duration of 12 months. The total contract has a value of about 40 million dollars with a down payment within 10 days from the contract date. No other details were disclosed.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.