£105bn in 10 years – China’s mega investment in British infrastructure

What do Thames Water, Heathrow, Harvey Nichols and Canary Wharf have in common? They are all part-owned by China.

And by 2025, China’s sovereign wealth fund will have more British assets in its kitty as its set to inject more than £105bn in British infrastructure.

According to research by Centre for Economics and Business Research (CEBR) and law firm Pinsent Masons, China has its eyes set on Britain’s big energy, property and transport projects.

The land of the red dragon has already invested £2bn in Britain this year – investments include Sanpower’s $790m investment into House of Fraser and China Construction Bank’s $187m real estate investment into Old Broad Street. According to the research, China has invested over £11.7bn in Britain between 2005 and 2013.

Richard Laudy, a partner at Pinsent Masons, said: “We expect this to be the beginning of a major trend as a trickle of Chinese investment turns into a wave over the coming decade.”

http://www.londonlovesbusiness.com/business-news/105bn-chinas-investment-in-british-infrastructure-by-2025/9104.article

UKAS Accreditation for Construction Products

UKAS

CEM has successfully gained accreditation from UKAS for the Construction Product Regulations this further expands the already impressive scope of product categories. The Construction Product Regulations EU/305/2011 covers the requirements of; organisations, staff, and their technical equipment.

For an organisation to be able to produce welded products for supply to the construction industry they must undergo and successfully pass an EN 1090 audit. Upon successful completion of the audit the organisation concerned will be certified, they will then be able to apply CE marking to the product they produce.

The certification will be issued for a period of three years, however for it to continue to remain valid periodic audits must be carried out to ensure that the production facility, staff, and technical equipment continue to adhere to the regulations.

New CE Marking Directives Released

CE

Nine new Directives have been released

Radio Equipment Directive 2014/53/EU This new directive replaces the R&TTE directive

EMC Directive (2014/30/EU) Previously 2004/108/EC

Low Voltage Directive (2014/35/EU) Previously 2006/95/EC

ATEX Directive (2014/34/EU) Previously 94/9/EC

Civil Explosives (CIVEX) Directive (2014/28/EU) Previously 93/15/EC

Simple Pressure Vessels Directive (2014/29/EU)

Non-Automatic Weighing Instruments Directive (2014/31/EU) Previously 2009/105/EC

Measuring Instruments Directive (2014/32/EU)

Lifts Directive (2014/33/EU)