The program also contributed to a major expansion of new wind power capacity in 2009, despite the economic crisis underway. 10, 000 MW of new wind power capacity, more than double the capacity forecast at the start that year, came online in 2009.
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By 2008, foreign-owned manufacturing capacity is forecast to be 5.4m vehicles.
On Wednesday, Credit Suisse analyst Mark Flannery lowered his year-end forecast for U.S. ethanol capacity to 9.5 billion gallons from 10.0 billion gallons, citing high raw material costs.
Peter Marcus, a steel-industry veteran and managing partner of World Steel Dynamics in New York, says that by 2010 China will have capacity for steel products some 63m tonnes ahead of forecast domestic demand.
It estimates that lots more investment will be needed, because capacity will have to rise by nearly 90% to meet forecast demand by 2035.
As a result of this deliberate ramp and the utilization of a portion of our manufacturing capacity for non-revenue generating production, we are adjusting our full year revenue forecast.
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The company said fares would continue to rise next year, though capacity would only rise by 2-3%, down from the 4% rise forecast in the current year, due to the lack of new plane deliveries planned.
If the forecast differs from the actual generation, the shortfall must be met by using reserve capacity.
While we cannot forecast with certainty the duration of the energy crisis in Thailand or its actual impact on production capacity, we can recommend some proactive steps that companies should take to better prepare themselves and their suppliers for these types of disruptions in the future.
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