The company plans to spend at least 1 billion euros (.23 billion) during the next two years on buildinga logistics network in France that will ensure it is capable of challenging Amazon by 2019. Since 2010, Amazon has invested 15 billion euros on its European operations.
The company is expected to accomplish a sales record in 2020, as it has attracted new customers in the global market, and is seeing strong sales growth in the European and Asian markets.
The company said the downgrading of the forecast could be attributed to a number of factors including a stronger US dollar and higher tariffs caused by the trade tensions between China and the United States.
The company said the Aratax project will play a comprehensive role in flood control, irrigation and power generation.
The company wants engineers with experience in “Computer Vision, 3D objects, rendering and data storage by designing, developing and testing software solutions.” The posting further states that “applications would include real-time 3D modeling, image and video stream processing all within a scalable distributed environment.”
The company's annual output is expected to account for more than 45 percent of the domestic market of dynamic random access memory products. It will support the South Korean company to consolidate and enhance its leading position in the industry. It will also help Wuxi foster an IC industrial cluster and build itself into a key hub in China's semiconductor sector, local officials said.
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The complex uses Shell's proprietary OMEGA, SMPO and polyols technologies to produce high-quality petrochemical products.
The company set its target for contracted sales in 2018 at 550 billion yuan, up about 10 percent year-on-year.
The company’s stock is up 90% since March, trading at around ,187 on Thursday. Its market capitalization has risen to .6 trillion, right alongside Microsoft. They trail Apple ( trillion) for the title of most valuable publicly-traded U.S. company.
The company projected its net revenues for the third quarter of the year to be between 1 billion and 1.04 billion yuan, according to the financial results.