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Industrial Floor Coatings Market to Hit $6 Billion by 2024: Global Market Insights, Inc.

The 2017-2024 industrial floor coatings market research by Global Market Insights, Inc. says epoxy cementitious is the fastest growing segment forecast to rise at over 6.5% up to 2024 as double component accounted for over 50% of market share in 2016

The industry growth report Industrial Floor Coatings Market Size By Product (Epoxy, Polyaspartic, Polyurethane, Acrylic, Epoxy Cementitious, Methyl Methacrylate), By Component (Single Component, Double Component, Three Component, Four Component), By Flooring Material (Concrete, Mortar, Terrazzo), By Application (Manufacturing, Food Processing, Aviation & Transportation, Warehousing), Industry Analysis Report, Regional Outlook (U.S, CanadaGermany, UK, FranceItalySpainPolandRussiaChinaIndiaJapanSouth KoreaMalaysiaIndonesiaThailandBrazilMexicoArgentinaSaudi Arabia, UAE, QatarSouth Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017  2024. by Global Market Insights, Inc. says Industrial Floor Coatings Market is estimated to cross USD 6 billion by 2024.

Increasing number of manufacturing units coupled with rising industrialization is anticipated to drive industrial floor coatings market growth. Customer preference for better quality finishing and chemical resistant flooring will support product demand.

Strong application potential in food processing industry to maintain hygiene, quality and purity will fuel industry growth. Global food processing industry will register 6% growth through to 2024. The industry contributes significantly in industrial floor coatings revenue generation owing to rising quality standards.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1193

Double component accounts for over 50% of market share in 2016. Offering high toughness to withstand maximum possible friction on the floor is among the key feature driving product demand. Chemical resistance towards various organic and inorganic acids, wastes, alkalis, water and petroleum products will enhance growth.

Epoxy cementitious is the fastest growing segment increasing over 6.5% rate up to 2024. Effective layering with single coats, high resilience and excellent resistance to chemicals and mechanical impacts will propel demand.

Oscillating crude oil prices will impact industrial floor coatings market price trend. R&D on bio based coating materials owing government regulations on material residues will open new avenues in the industry.

Browse key industry insights spread across 210 pages with 317 market data tables & 12 figures & charts from the report, Industrial Floor Coatings Market Forecast, 2017  2024 in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/industrial-floor-coating-market

Concrete contributed over 85% overall industry share in 2016, superior features including better wear & tear and scratch resistance has positively influenced material demand. Ease of customization, low maintenance and appealing finishing drives the product consumption in several industries.

Growing demand for strong and high mechanical resistant floors in storehouses will drive demand in warehousing segment. Industrial floor coating demand from aviation and transportation stood at over 115 kilo tons in 2016.

APAC industrial floor coatings market is anticipated to be valued over USD 2.5 billion by 2024. Chinaand India are projected to be among the key revenue generating countries. Favorable FDI norms along with increase in government spending to expand manufacturing sector will drive regional growth.

Germany will observe over 6% growth up to 2024. Presence of major automotive manufacturing facilities in the country will drive regional industry growth. Germany generated over USD 30 millionfrom aviation and transportation application.

Presence of numerous multinational and domestic manufacturers makes the global industrial floor coatings market share highly competitive and fragmented in nature. Mergers & acquisitions, product portfolio expansion and supply agreements are some of the business development strategies adopted major industry players.

Asian Paints, Sherwin-Williams, RPM International, Akzo Nobel, PPG Industries, BASF, Axalta Coating Systems, Roto Polymers, Tambour, Maris Polymers, Nora System, Milliken & Company, ArmorPoxy and Florock Polymer are among the key industry players. Other notable companies includes DSM, Dow Chemical, Apurva India, Koninklijke Grand Polycoats, The Lubrizol, Plexi-Chemie, Michelman, Pro Maintenance and Ardex Endure.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1193

Browse Related Reports:

  • Concrete Floor Coatings Market Forecast, 2016  2024

Concrete Floor Coatings Market size was more than USD 850 million in 2015 and is estimated to witness growth more than 7% over the projected timespan. Robust growth in the construction industry, including both residential & commercial, across the globe is the major factor propelling the concrete floor coatings market size by 2024. The overall construction spending in 2013 was roughly around USD 7 trillion and is likely to exceed 13 trillion.

https://www.gminsights.com/industry-analysis/concrete-floor-coatings-market

  • Waterproofing Membranes Market Forecast, 2016  2024

Waterproofing Membranes Market size was worth above USD 5.6 billion in 2015, with gains expected at around 7%. Positive outlook towards increasing durable building materials usage in construction applications should drive waterproofing membranes market size. Global construction industry was valued at around USD 7.2 trillion in 2015. Construction spending in China and India surpass USD 1.5 trillion and 4 billion respectively in 2015.

https://www.gminsights.com/industry-analysis/waterproofing-membrane-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: +1-302-846-7766
Toll Free: +1-888-689-0688
Email: sales@gminsights.com

Web: https://www.gminsights.com
Blog: https://www.gminsights.com/blogs
Connect with us: Facebook | Google+ | LinkedIn | Twitter

 

SOURCE Global Market Insights, Inc.

Cathay Pacific Introducing A350 To Newark Liberty International Airport

Cathay Pacific Airways today announced that its daily flight from Newark Liberty International Airport (EWR) to Hong Kong will switch from a Boeing 777-300ER to an Airbus A350-900 operation beginning on October 29, 2017.

One of 16 A350-900s delivered to the airline since its launch in 2016, the aircraft features a refreshed Business Class cabin as well as new Premium Economy Class and Economy Class seats. The A350 will also be deployed on one of three daily San Francisco – Hong Kong flights beginning on the very same day. The airline’s four flights per day from New York’s John F. Kennedy Airport (JFK) will continue to be operated by Boeing 777-300ER, which make up the majority of Cathay Pacific’s ultra long-haul fleet.

CX899 departs daily at 1:10am, arriving in Hong Kong the following day at 5:00am. This early morning arrival allows passengers to connect with every Cathay Pacific flight across Asia – including SingaporeBangkokKuala LumpurJakarta, and over 22 gateways in mainland China – without a lengthy layover in Hong Kong. The return flight, CX890, departs Hong Kong at 6:00pm (local time), arriving in Newarkat 9:40pm (same day).

“The A350-900 is unrivalled in terms of sustainability and passenger experience,” said Philippe Lacamp, Senior Vice President, Americas, Cathay Pacific. “Quietest among the aircraft types in its class and also 25% more fuel efficient, Cathay Pacific has again proven itself as a leader in airline eco-innovation, with the A350 in-flight carpets and passengers’ blankets made from recycled plastic, including salvaged fishing nets and plastic bottles.

“Dedication to choice and flexibility are hallmarks of Cathay Pacific’s commitment to its customers. The introduction of the A350 as part of our five daily flights from the New York Metropolitan Area, complementing the Boeing 777-300ER from JFK, delivers on this promise. Not only can customers choose from five different departure times across two airports, but for the first time, they will be able to factor in aircraft preference as well.”

The features of Cathay Pacific’s new A350-900 take the passenger travel experience to a new level. The design of many of the cabin features has been carefully considered to give passengers the best sleeping experience, the best entertainment, and the greatest control over how they want to use their individual space, whether for working or relaxation.  With its extra wide body, the aircraft offers more space and comfort, a quiet cabin, panoramic windows and LED mood lighting, contributing to a more comfortable and relaxing journey in all cabin classes.

The A350-900 Business Class seats build on the success of the airline’s award-winning long-haul Business Class product to create a memorable experience. Alongside a fully-flat bed, new features includes extra stowage space within easy reach and the personal service offered by a “Do Not Disturb” and “Wake-up Call” function in the entertainment system.

The Premium Economy Class and Economy Class seats also come with a number of new features, including dedicated tablet holders that make it more convenient for passengers to enjoy entertainment on their own devices, and exclusive power outlets and USB ports. Each Premium Economy Class seat has a fully integrated leg rest which, together with the ergonomically designed seat, allows more flexibility to adjust for optimal comfort. The six-way headrest in Economy Class is a proprietary design that provides better support and enhances sleeping comfort.

The new A350-900 inflight entertainment system is inspired by the airline’s latest design philosophy. The interactive user interface is contemporary and fresh looking. It is equipped with notable new interactive features which broaden the inflight entertainment options for passengers along with a wider screen in all classes. Connectivity is installed for the first time in a Cathay Pacific aircraft, allowing passengers, for a fee, to browse the internet, send and receive emails and connect on social media. Access to the Cathay Pacific website, a number of partner websites and three live TV news channels are available free of charge.

The A350-900 employs innovative technology and design, which improves not only passenger comfort, but also the efficiency, effectiveness and overall performance of the aircraft. Its advanced design, together with the latest generation of engines and the use of advanced construction materials – including carbon fiber composites – deliver a 25% improvement in operating costs overall when compared to previous-generation aircraft.

Cathay Pacific has taken delivery of 16 A350-900 aircraft, with an additional six on firm order, and 26 firm orders of the A350-1000.

Start Date: from Winter 2017 (Oct 29, 2017all times local):

Flight no

From

To

Departure/Arrival

Days of operation

CX899

EWR

HKG

0110/0500+1

Daily

CX890

HKG

EWR

1800/2140

Daily

About Cathay Pacific
Cathay Pacific Airways offers over 100 flights per week to Hong Kong and beyond, including over 22 destinations in Mainland China, from six cities in the USA and two in CanadaBostonChicagoLos AngelesNew York (JFK), Newark Liberty, San FranciscoVancouver and Toronto. For more information, including current fares and availability, visit cathaypacific.com/us, www.facebook.com/cathaypacificus, Twitter (@CathayPacificUS) or Instagram (@CathayPacific). For North American reservations, dial toll-free: 1-888-233-ASIA.

Contact:
Julie Jarratt
Communications Director, Americas
415.848.2006
Julie_Jarratt@CathayPacific.com

 

SOURCE Cathay Pacific Airways

RELATED LINKS
http://www.cathaypacific.com/us

China Metal Resources Utilization Limited Proposed Issue of HK$600 Million Convertible Bonds to China Huarong International and Prosper Rich

China Metal Resources Utilization Limited (“China Metal Resources” or “the Company“) (Stock Code: 1636.HK), China’s largest recycled copper products manufacturer, is pleased to announce that the Company entered into the Subscription Agreement with China Huarong International Holdings Limited (“China Huarong International”) and Prosper Rich Investments Limited (“Prosper Rich“) in relation to its proposed issue of 2-Year Convertible Bonds of HK$400,000,000 and HK$200,000,000 respectively.

Upon the satisfaction (or waiver) of the conditions under the Subscription Agreement, China Huarong International and Prosper Rich are eligible to convert ordinary shares of HK$0.10 each in the issued share capital of the Company at an initial Conversion Price of HK$2.990 per Share (subject to adjustment) respectively. The net proceeds from the issue of the Convertible Bonds will be approximately HK$582,000,000. The Company intends to use the net proceeds from the issue of the Convertible Bonds to purchase raw material for the Company’s expansion of production.

As at 31 July 2017, China Huarong International and Prosper Rich hold 90,881,295 Shares and 814,074 Shares in the Company respectively. Assuming full conversion of the Convertible Bonds at their respective initial Conversion Price, the Convertible Bonds will be convertible into approximately 200,668,896 New Shares, representing approximately 8.13% of the issued share capital of the Company as at 31 July 2017 and approximately 7.52% of the issued share capital of the Company as enlarged by the issue of the New Shares.

China Metal Resources announced positive profit alert earlier. As compared to the net loss for the same period of 2016, the Company expected that its interim results for the six months ended 30 June 2017 will record a net profit. Such expectation was primarily attributable to a significant increase in the Company’s revenue to not less than RMB4,000 million for the six months ended 30 June 2017 as compared to RMB1,464 million for same period of 2016 as well as an increase in government grants and subsidies and the improvement in the trade receivables from sales of the Company’s copper products.

Mr. Yu Jianqiu, Chairman of the Company, said, “The announcement about positive profit alert of China Metal Resources shows that the Company has enhanced the production utilization rate and successfully turned the loss into profit. As for the issuance of convertible bonds this time, it demonstrates a strong recognition from investors. Not only will it enhance the Company’s capital structure and liquidity and to finance the Company’s future development and expansion, but it will also significantly facilitate the Company to further consolidate its leading position in the scrap copper industry.  We will continue to strive to maximize the return for our shareholders.”

For further information about the issuance of Convertible Bonds to China Huarong International and Prosper Rich, please refer to the corresponding announcement at the following link: http://www.hkexnews.hk/listedco/listconews/SEHK/2017/0731/LTN20170731992.pdf

About China Metal Resources Utilization Limited

China Metal Resources Utilization Limited (“China Metal Resources” or “the Company“) (Stock Code: 1636.HK) is a leading manufacturer in scrap copper industry. The Company has a fully integrated value chain with a production and service business model, with business consisting of scrap metal recycling, standard processing and metal deep processing products. By making use of the internet, the Company also provides a comprehensive platform combined with recycle metal information, warehouse logistics and financial services, providing services including recycled metal production, sale and related services. China Metal Resources is mainly involved in the sale of deep processed metal products and scrap metal value chain integrated services, in which deep processing metal includes the processing of recycled scrap copper, scrap aluminium, turning them into different copper and aluminium products such as copper rod, copper bar, copper wire as well as cable, wire and network cable; while scrap metal value chain integrated services include standard metal recovery processing, warehouse logistics, transaction settlement and financial services.

 

SOURCE China Metal Resources Utilization Limited

CONTACT: Mr. Marcus Keung, (852) 2529 8611, marcus.keung@vitalink.com.hk; Ms. Carol Kong,(852) 2529 1387, carol.kong@vitalink.com.hk, Mr. Justin Chu, (852) 2529 4485, justin.chu@vitalink.com.hk

Hong Kong Airlines Completes the Acquisition of 51% shares of SATS HK Limited

Hong Kong Airlines (the “Company”) is pleased to announce that the transaction of 51% shares of SATS HK Limited (“SATS HK”) has been completed today. The Company, through its wholly owned subsidiary Voltaire Capital Investment Limited (“VCIL”), entered into a Sales and Purchase Agreement with SATS Limited regarding the acquisition of 51% shares of SATS HK.

The completion of the transaction enables Hong Kong Airlines to provide more comprehensive ground handling services at its home base Hong Kong International Airport (“HKIA”), as well as to enhance its overall service quality while the airline’s business keeps going global.

SATS HK will also continue to provide ground handling services to other airline clients with an enlarged scale of operations through this new strategic partnership with Hong Kong Airlines.

About Hong Kong Airlines

Established in 2006, Hong Kong Airlines is a full-service airline firmly rooted in Hong Kong. It has grown remarkably in just ten years with a wide destination network covering over 30 major cities across the Asia Pacific region, including Gold CoastAucklandBeijingShanghaiTaipeiTokyoSapporoSeoulBangkokBali and Okinawa, and extending its reach to North America in 2017 with the launch of the Vancouver route. The Company has also signed agreements with 17 codeshare and 76 interline partners. The current operating fleet is made up of 33 Airbus aircraft, consisting of 29 passenger aircraft and 4 freighters. With an average age of around 5.0, Hong Kong Airlines operates one of the youngest fleets in the world. Hong Kong Airlines has been awarded the internationally acclaimed four-star rating from Skytrax since 2011. It was also the winner for Asia’s Leading Inflight Service in World Travel Awards 2015.

For more information, please visit:

Official website: www.hkairlines.com
Facebook: www.facebook.com/hkairlines
Sina Weibo: weibo.com/hongkongairlines
WeChat and Instagram ID: hkairlines
LinkedIn: www.linkedin.com/company/hong-kong-airlines

 

SOURCE Hong Kong Airlines Limited

CONTACT: Corporate Communications Department, (852)3151-4667/6461-4382, corpcomm@hkairlines.com

FrieslandCampina Asia Wins Sustainable Business Award

FrieslandCampina, one of the world’s leading dairy companies, today announced that it has won an award recognising its excellence in Supply Chain Management at the Sustainable Business Awards (SBA) Singapore 2017.

Celebrating the achievements of companies who are at the forefront of sustainable business, the Sustainable Business Awards recognises organisations who have embraced the ethos of sustainability and responsibility as part of their business strategy.

The Supply Chain Management award specifically highlights FrieslandCampina’s meticulous approach to providing high quality and safe products, and supporting dairy development across Asia.

FrieslandCampina’s Foqus Food Safety and Quality programme invests in knowledge and training to guarantee high food safety standards. At the same time, its Dairy Development Programme trains thousands of smallholder dairy farmers every year in improving the quality and safety of milk production in their farms. The combination of these programmes ensures every step in FrieslandCampina’s supply chain contributes to the Company’s goal of producing sustainable and nutritious food for our consumers worldwide.

Commenting on the award win, Mr. Piet Hilarides, Chief Operating Officer, Consumer Products Asia, FrieslandCampina said: “We are humbled by this affirmation of the positive impact our business model has had in creating a sustainable environment for the communities we operate in. 

“We are grateful to all our partners for their ongoing support. FrieslandCampina remains committed to doing our part, and ensuring that sustainability runs throughout our entire value chain.”

Organised by Global Initiatives in partnership with PwC Singapore, participating companies were assessed on a broad rubric that analysed business action across multiple domains, including supply chain management, stakeholder engagement and efforts in addressing the United Nations’ Sustainable Development Goals.

For more information, please contact:

Media Contacts

FrieslandCampina

Spurwing

Ada Wong

Communications

Head of Public Affairs and Communications, Asia

Stephanie Tan / Eoin Ee

T: +65 6850 7931

T: +65 6340 7287

Email: Ada.Wong@frieslandcampina.com 

Email: FC@spurwingcomms.com

 

About Royal FrieslandCampina

Every day Royal FrieslandCampina provides millions of consumers all over the world with food that is rich in valuable nutrients. With annual revenue of 11 billion euros, FrieslandCampina is one of the world’s largest dairy companies, supplying consumer and professional products, as well as ingredients and half-finished products to manufacturers of infant & toddler nutrition, the food industry and the pharmaceutical sector around the world. FrieslandCampina has offices in 33 countries and over 22,000 employees, and its products are available in more than 100 countries. The Company is fully owned by Zuivelcoöperatie FrieslandCampina U.A, with almost 20,000 member dairy farmers in the NetherlandsGermany and Belgium — making it one of the world’s largest dairy cooperatives.

For more information please visit: www.frieslandcampina.com.

About FrieslandCampina Consumer Products Asia

FrieslandCampina Consumer Products Asia comprises of operating companies that are active in the consumer products segment in Asia. Over the last 90 years, FrieslandCampina’s consumer products brands have acquired market leading positions in many countries across the region. The Company has expanded its range of products to include: milk powder, condensed milk, infant and children’s nutrition, dairy drinks, yoghurt and dessert. The Company’s leading brands include: Dutch Lady, Foremost, and Frisian Flag.

FrieslandCampina Consumer Products Asia has over 6,000 employees working in nine markets across the region: Hong KongIndonesiaMalaysiaMyanmarPakistanthe PhilippinesSingaporeThailandand Vietnam. As one of the region’s largest dairy companies, FrieslandCampina spreads the goodness of dairy by actively contributing to food and nutrition security initiatives across the region, and is committed to being a responsible business with the goal of creating a sustainable future for the business and communities that it serves.

For more information please visit: www.frieslandcampina.com/en/countries/frieslandcampina-asia

SOURCE FrieslandCampina

RELATED LINKS
http://www.frieslandcampina.com

IoT Professionals in India Receive Over 76% Higher Salaries Than IT Professionals: Study by IoT India Magazine and Jigsaw Academy

A recent study titled ‘IoT India Salary Study 2017’ carried out by IoT India Magazine, a part of Analytics India Magazine Pvt Ltd, in association with Jigsaw Academy suggests that the salaries of IoT professionals in India is around 76% higher than that of IT professionals. The median salary of IoT professionals is INR 15.2 lakh compared to INR 8.65 lakh per annum in IT sector.

The median salary of IoT professionals for the year 2017 was found to be INR 15.2 lakh per annum across all experience levels and skill sets. IoT being a relatively new entrant, professionals in the area commanding higher salaries can be attributed to lack of readily available talent.

Interestingly, only 33% of IoT professionals have salaries under INR 6 lakh per annum as opposed to 58% in the IT sector. The study also highlights that 16% of IoT professionals in India earn in the salary bracket of INR 10-25 lakh per annum. This number for IT professionals is 17%.

The city-wise trend suggests that Delhi-NCR provides the highest salary in IoT at INR 17.3 lakh per annum, followed by Mumbai at INR 16.7 lakh per annum. The study also points that 44% of IoT professionals in Chennai earn less than INR 6 lakh per annum; followed by Pune, where around 39% professionals fall in the same bracket.

As for the experience level, almost 92% of freshers in the IoT field fall under the INR 6 lakh per annum salary bracket. A transition from each experience level bracket to a higher experience level can lead to an almost 50% jump in salary.

Salary trend by functional area in IoT domain indicates that a position in Application Programming pays an average of INR 11 lakh per annum, whereas a job in the Engineering Design and Systems Programming department pays INR 10.5 lakh and INR 8 lakh per annum respectively.

The study hints that IoT will account for over 10% of all data generated. With innovations in smart cities and in healthcare, IoT is likely to go mainstream in the coming future. According to the study, few of the job roles that will emerge in IoT are: Chief Internet of Things Officer, Robot Coordinator, Neural Implant Tech Expert and Ethics Officer, among others.

Sarita Digumarti, COO and Founder, Jigsaw Academy said, “I strongly believe that the IoT era is going to transform businesses and people everywhere, especially in India. The ability to link countless machines wirelessly, to enhance human interaction etc., IoT has opened limitless possibilities for ideas that will completely change how we live and work.”

“The IoT Salary Study provides a solid foundation to understand the state of the IoT job market in India, along with current job roles. It also equips readers with a sense of direction and growth in the rapidly expanding IoT field,” she added.

Bhasker Gupta, CEO and Founder, IoT India Magazine said, “One of the major contributions made by IoT has been in the form of career opportunities. New jobs such as Application Developer, IoT Product Manager and IoT Cloud Architect, among others, have become available in this sector.”

“To have a detailed understanding of the IoT job scenario in India, we conducted the IoT India Salary Study 2017 in association with Jigsaw Academy, which is a comprehensive sum of all the details that you would want to know as an IoT professional,” he added. The increasing demand for IoT professionals and companies extensively hiring in the IoT domain suggests an optimistic future for professionals looking to dive into this industry.

Download the complete report here: http://iotindiamag.com/2017/07/iot-india-salary-study-2017-iot-india-magazine-jigsaw-Academy/

About IoT India Magazine

Founded in 2016, IoT India Magazine has since been dedicated to passionately championing and promoting the IoT ecosystem in India. It chronicles the technological progress in the space of Internet of Things by highlighting the innovations, players in the field, challenges shaping the future and more, through the promotion and discussion of ideas and thoughts by smart, ardent, action-oriented individuals who want to change the world. IoT India Magazine has been a pre-eminent source of news, information and analysis for the Indian IoT ecosystem by covering opinions, analysis and insights on the key breakthroughs and developments in the field.

Visit IoT India Magazine at: http://www.iotindiamag.com.

About Jigsaw Academy

Founded in 2011, Jigsaw Academy offers courses in big data, data analytics and Internet of Things at the beginner, intermediate, and advanced levels, as well as specialized courses for specific sectors. This global, award-winning online analytics and big data provider is a brain child of Gaurav Vohra and Sarita Digumarti, who along with a group of data scientists and educators are on a mission to train the next generation of analytics practitioners. They train professionals from all over the world and equip them with the skills that are in demand in today’s workplace.

Visit Jigsaw Academy at: http://www.jigsawacademy.com.

Media Contact:
Bhasker Gupta
CEO and Founder
Analytics India Magazine Pvt Ltd
bhasker.gupta@analyticsindiamag.com
+91-9916006869

SOURCE Analytics India Magazine Pvt Ltd

Frost & Sullivan Analyses Impact of IR DRG Implementation on Healthcare Delivery in Dubai

Healthcare providers in Dubai must prepare for the imminent shift to international refined diagnosis-related group (IR DRG) system or be caught off-guard when pricing structures change in 2018. The new structure will completely transform insurance companies’ payment approach to healthcare providers. It aims to eliminate over prescription by moving the burden of cost to the provider itself. In short, providers will be paid a fixed base rate, multiplied by a factor for each DRG code.

“To make their margins, healthcare providers now have to work backwards from the price they will get paid. They will also need to firmly control their costing for each procedure. Failure to do so will result in lower or no margins. Moreover, this must be done without compromising the quality of care and outcome,” said Frost & Sullivan Healthcare and Life Sciences Senior Consultant Vivek Shukla.

Frost & Sullivan’s Healthcare and Life Sciences team, with its expansive coverage and expertise of the global healthcare industry, finds that even the most efficient hospitals will have areas of improvement when it comes to overall cost optimization. To learn more about IR DRG impact on healthcare providers in Dubai, register for a Growth Strategy Dialogue, or schedule a free interactive briefing with Frost & Sullivan’s thought leaders, click here or please email Anita Chandoke, Corporate Communications, at achandhoke@frost.com.

As fixed prices replace fee-for-service, and price-based costing substitute cost-based pricing, providers must prepare early to garner maximum benefit. Healthcare providers that are clear about cost structures and effectively manage without giving up on quality will gain the competitive edge over contemporaries. Healthier margins mean higher capacity to invest in better doctors and staff, brand building, and equipment. This will enhance the perception, quality and outcomes of hospitals, giving them an even higher strategic ground.

To comply with the new insurance environment and stay profitable when the prices get fixed for various procedures, healthcare providers must:

  • Immediately deploy costing tools: As base rates and multiples will be assigned on the basis of rates during and before the shadow-billing phase, costing tools can offer clarity on the margins of the procedures being performed and strengthen cost management
  • Scrutinize and reset processes: Everything from operational flows, supply chain, work force utilization, and equipment maintenance must be scanned to assess obvious and hidden cost drivers for corrective action
  • Rethink service mix and refresh marketing: As efficiencies in various departments or service lines are streamlined, the service mix may change, compelling fresh marketing efforts and realignment of future plans
  • Re-engineer budgets: The way budgets are created and revenues and costs allocated will change as the basis for future calculations are altered

Overall, transitioning to IR DRG will require months of careful preparation. As such, market opportunities will emerge around solutions to support hospitals in cost reduction and revenue cycle management.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community.

Media Contact:
Anita Chandhoke
Corporate Communications
P: +91 80 6702 8020
E: achandhoke@frost.com

http://ww2.frost.com

Twitter: @Frost_MENASA
Facebook: FrostandSullivanMENASA
LinkedIn: https://www.linkedin.com/company-beta/4506/

 

SOURCE Frost & Sullivan

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http://www.frost.com

Thailand Promotes Partnerships for a Sustainable World

By sharing its Sufficiency Economy Philosophy as a model, Thailand is helping other developing nations achieve the Sustainable Development Goals, Ministry of Foreign Affairs, stated.

Of the 17 Sustainable Development Goals of the United Nations, the final goal – revitalize the global partnership for sustainable development – may be the most compelling of all. Because the only way we can build a better world is by working together. So many of the challenges we face, from climate change to eradicating diseases, are borderless. Although we measure results on a nation-by-nation basis, unless nations can find ways to work together for the good of our planet and its peoples, our future will ultimately be unsustainable.

As the 2016 chair of the Group of 77 – the largest coalition of developing nations at the United Nations – the Kingdom of Thailand made its primary mission to enhance cooperation between North and South and also to strengthen South-South Cooperation. This exchange of resources, technology and knowledge between developing countries, often referred to as the Global South, can be complementary to achieving the Sustainable Development Goals. As chair country, Thailand worked to transform this vision into action. Even before its chairmanship, Thailand had been sharing its own model of development among countries grappling with the challenges of a changing world. That model is known as the Sufficiency Economy Philosophy.

Initiated by the late monarch King Bhumibol Adulyadej through decades of working to uplift the nation’s poor people, the Sufficiency Economy Philosophy is an approach to development and to life that is based on moderation, reasonableness and prudent decision-making. It prescribes living in harmony with the environment and making wise use of resources in order to build resilience and wellbeing. Its principles can be applied to farmers, communities, businesses and nations. In the context of the philosophy, sufficiency does not mean living in isolation. It calls for communities to work together for the common good – the essence of partnerships.

Thailand understands the value of working together. Once a country in need of development assistance, Thailand is now a donor nation, providing fund and sharing its resources of knowledge, technical assistance, scholarships and capacity building with less developed nations. In 2015, the Kingdom provided $78 million in Official Development Assistance to other countries through the Thailand International Cooperation Agency, while foreign direct investment surpassed $58 billion, with much of it going to the developing world.

While generous funding is important, even more value lies in Thailand’s willingness to share its knowledge and experience with the Sufficiency Economy Philosophy. To date, representatives from 105 countries have participated in workshops, seminars and training courses hosted by Thailand on the philosophy and its applications.

Thailand has been partnering with several countries to help them implement their own development projects based on Sufficiency Economy Philosophy principles and methods. Timor-Leste is employing decision-making processes based on the philosophy’s framework for sustainable agriculture projects and to support the launch of small businesses. Cambodia has established a Sufficiency Economy village as a pilot for more communities. Indonesia is using sufficiency principles shared by Thai advisors for ecological farming projects that raise incomes and quality of life for villagers. And neighboring Myanmar is working with Thai partners to establish sustainable development centers and rural development projects on sufficiency principles.

Far beyond Asia, the Sufficiency Economy Philosophy is being adopted for the benefits of local peoples. In the southern African nation of LesothoThailand has supported the establishment of a center to introduce integrated farming and agro-forestry farming that is protecting that nation’s environment while providing greater food security and livelihoods for participants. Several nations in South America have also been applying approaches based on the philosophy.

“Development approaches like the Sufficiency Economy Philosophy of Thailand, that promotes development with values, which not only complement the [SDG] agenda, but our own national development framework, will certainly help us in implementing the SDGs,” Guillame LongEcuador’sMinister of Foreign Affairs, told the UN General Assembly last year.

Achieving the Sustainable Development Goals by 2030 will require commitment and perseverance. For some countries in the Global South with limited resources and capacities, the tasks at hand may appear enormous. Despite its own limitations, Thailand achieved the Millennium Development Goals ahead of schedule, owing a significant degree of that success to the Sufficiency Economy Philosophy. Thailand is willing to partner with any country seeking knowledge, expertise and a proven path to sustainable development. Because there is only one way to build a better world – and that way is together.

CONTACT:
Ministry of Foreign Affairs
Tel. +662 203 5000 ext. 22050

Photo – https://mma.prnewswire.com/media/540501/Foreign_Affairs_Thailand.jpg

SOURCE Ministry of Foreign Affairs, Thailand

Teleperformance conferred 2017 Asia-Pacific Contact Center Outsourcing Service Provider of the Year award by Frost & Sullivan

Teleperformance was honoured with the 2017 Asia-Pacific Contact Center Outsourcing Service Provider of the Year Award at the annual Frost & Sullivan Asia-Pacific ICT Awards banquet held at Shangri-La Singapore on July 6.

Teleperformance specializes in delivering superior omnichannel customer experience designed around people interactions. The company’s commitment to customer value is exemplified by its technology expertise, process excellence, global footprint, and capability to customize for local markets.

Mr.Krishna Baidya, Head of Customer Contact Research, Digital Transformation Practice – Asia Pacificat Frost & Sullivan said that whilst the company focuses on core customer service delivery, it continues to expand its scale and strengthen solutions portfolio.

“With the most extensive geographic footprint in the industry, Teleperformance continues to dominate the market while offering diversified experience across vast range of verticals. Its strategic vision, commitment to the client successes and focus on innovation, allow the company to differentiate itself in the Asia Pacific region and achieve exemplary growth. Much of its success was based on its strong capabilities in deploying best-in- class tools and offerings in local languages and deep understanding of the Asia-Pacific market and specific customer needs in those markets.

“We are proud to receive the 2017 Asia-Pacific Contact Center Outsourcing Service Provider of the Year Award. This award recognizes our work and commitment in this area and will encourage our team to strive and reach new heights,” said David Rizzo, President, Asia Pacific, Teleperformance.

The recipients of the annual Frost & Sullivan Asia-Pacific ICT Awards were identified based on an in-depth research conducted by Frost & Sullivan’s analysts. The award categories offered each year are carefully reviewed and evaluated to reflect the current market landscape and include new emerging trends. The shortlisted companies were evaluated on a variety of actual market performance indicators which include revenue growth; market share and growth in market share; leadership in product innovation; marketing strategy and business development strategy.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us:     Start the discussion

Asia’s Most Influential Seafood Event Returns to Hong Kong in September

Visitors to this year’s Seafood Expo Asia will have an unparalleled opportunity to discover a variety of seafood products, services and equipment from Asiaand around the world when the trade event, produced by Diversified Communications, returns to the Hong Kong Convention and Exhibition Centre on September 5-7, 2017.

Building on last year’s successful event, which attracted more than 8,800 seafood professionals from 69 countries, the 2017 edition of Seafood Expo Asia will feature a rich programme of content with a host of innovative brands and exhibits, making it the ideal platform for industry professionals to source the latest products, meet face-to-face with new and existing suppliers, hear from experts on current trends in the industry and participate in exciting special events.

According to the World Bank, the Asia Pacific region will account for 70 percent of global fish consumption by 2030. “With consumer demand for seafood at a record high, international buyers and decision makers representing retailers, supermarkets, importers, hotels, restaurants, chefs, catering services, wholesalers and distributors will gain valuable insight into new product innovations, best practices and emerging trends affecting the industry in the Asian market,” says Event Director Ms. Iris Kwan.

“Forming relationships with customers in this part of the world is vital for global seafood producers and suppliers when one considers that seafood consumption is projected for considerable growth across the entire region,” continues Ms. Kwan, adding that well known companies such as Aeon Big Sdn. Bhd (Malaysia), Aeon Stores Co. (Hong Kong), City Super Ltd. (Hong Kong), Colruyt Group (Hong Kong), ITM Alimentaires International (Thailand), Metro Food Sourcing APAC (Hong Kong), MGM Macau, ParknShop Ltd. (Hong Kong), Sodexo Service Asia Pte Ltd. (Singapore), Tesco Stores Sdn. Bhd. (Malaysia), Unicoop Firenze (Italy) and Walmart China are already among the list of buyers registered to attend.

Ms. Kwan confirms that the exposition will feature new companies and countries showcasing a diverse range of the world’s seafood. Newcomers for 2017 include international pavilions from SpainFranceSouth Korea and China joining new exhibiting countries like DenmarkIcelandMaldives and Mexico.

Seafood Expo Asia attendees will have the opportunity to participate in the new and enhanced conference program covering today’s most pertinent topics such as Internet of Things applications in the seafood industry, traceability and authentication, consumer trends, aquaculture, and a workshop on sustainability and certification.  Sessions will be informative and thought-provoking as seafood experts discuss the latest news and developments from across the industry with the aim of providing buyers and suppliers with ideas and inspiration to grow their businesses.

The redesign of the Seafood Expo Asia Product Showcase that will be presented in a market-style setting will provide exhibitors from around the world with an effective way to introduce their brands to the market and buyers with new purchasing ideas.

Seafood Expo Asia  runs alongside Restaurant & Bar Hong Kong, the region’s fine dining and beverage exhibition. For more information or free registration, please visit  https://www.seafoodexpo.com/asia/.

 

SOURCE Diversified Communications

CONTACT: Hong Kong, Janet Middlemiss, JEM Worldwide Limited, Tel: +852 2857 3832, Mobile: +852 9195 7829, Email: janet@jemworldwide.com; USA, Jonathan Bass, Diversified Communications, Tel: +1 207 842 5563, Email: jbass@divcom.com

RELATED LINKS
https://www.seafoodexpo.com/asia/

115 Years and Cooler Than Ever — Carrier Celebrates the 115th Anniversary of Modern Air Conditioning

What do summer blockbuster movies, boxed chocolates and skyscrapers have in common? It wasn’t until modern air conditioning came to movie theaterscandy confectioners and high-rise office buildings that these industries flourished with the addition of cool, temperature-controlled air. Now, 115 years later, Carrier marks the anniversary of modern air conditioning by highlighting recent innovative advancements and milestones that make our technology relevant today and quite simply, cooler than ever. Carrier Singapore  Pte Ltd. (Carrier Singapore) is a part of Carrier, a world leader in high-technology heating, air-conditioning and refrigeration solutions, a part of UTC Climate, Controls & Security, a unit of United Technologies Corp. (NYSE: UTX).

“Carrier continues to develop new products and push the boundaries of smart technology. Beyond keeping people cool and comfortable, Carrier products are among the most energy-efficient products available today,” said Chong Wai Yen, Managing Director, UTC Climate, Controls & Security, Singapore. “Through persistence, world-class engineering and a relentless commitment to innovation, Carrier is cooler than ever — and excited to deliver leading solutions to keep people around the world comfortable well into the future.”

Here are eight reasons to celebrate Carrier and our game-changing air conditioning technology.

  1. Sustainable products. Globally, since 2000, Carrier products have avoided more than 225 million metric tons of carbon dioxide through advancements in energy efficiency, the equivalent of removing more than 47 million passenger vehicles from the road for one year. How cool is that?
  2. Commitment to green buildings. As a founding member of the Singapore Green Building Council (SGBC), Carrier has demonstrated a strong commitment to environmental sustainability through the promotion of energy efficient technologies, products and services. Carrier’s AquaEdge 23XRV chiller with high efficiency VFD tri-rotor screws has been re-certified and maintained as a leader in the Green Building Product Certification of SGBC under the water-cooled chillers product group.
  3. Our founder, Willis Carrier. The spirit of Willis Carrier, the inventor of modern air conditioning, is kept alive and well on williscarrier.com and on Twitter. Follow along with Willis as he shares the history and memorabilia surrounding the evolution of modern air conditioning.
  4. Footprint in Singapore. Since its entry into Singapore in 1954, Carrier has developed a strong presence in the building segment, with extensive product offerings, comprehensive aftermarket services and commercial building energy efficient retrofits. Carrier’s green air conditioning products can be found in local landmark buildings including Singapore Changi Airport and VivoCity.
  5. The UTC Center for Intelligent Buildings. Carrier, and its industry-leading products, will be featured in the UTC Center for Intelligent Buildings, a first of its kind global customer experience center set to open later this year in Palm Beach Gardens, Florida.
  6. Fostering a global dialogue. We believe that global dialogue can rebalance the built environment with the natural environment. We also believe that green building, which includes our high-efficiency air conditioning products, will accelerate with education. That’s why Carrier convenes the Distinguished Sustainability Lecture Series, in hopes that the discussions of today will help drive technological advancements and shape the decisions made for years to come. To date, the lecture series has reached over 3,850 professionals through 31 lectures in 19 cities across 15 countries. Events will be held later this year in Indonesia and India.
  7. Carrier keeps food fresh and cool. Modern air conditioning paved the way for Carrier’s refrigeration technology for the transport and shipping of temperature controlled cargoes. Carrier understands that “fresh” is not simply about how recently produce was harvested or products were created. It is also about the conditions in which they have been transported. That is why Carrier provides transport refrigeration solutions that allow for precise control of temperature and humidity, preserving all types of perishable cargo no matter where it needs to go.
  8. Carrier is constantly innovating. In fact, the air conditioning technology of the future is being developed right now. In 2016, United Technologies spent $3.7B on company and customer-funded research and development, supporting a variety of innovative new aerospace and building systems products including Carrier heating, cooling and refrigeration systems. That’s a lot of “cool”, hard cash.

Learn more about Carrier’s legacy of innovation, as well as the complete history of modern air conditioning, in Weathermakers to the World and on WillisCarrier.com.  Follow @WillisCarrier on Twitter for more historic facts. Follow along on social media using the hashtag #carriercool.

About Carrier

Founded by the inventor of modern air conditioning, Carrier is a world leader in high-technology heating, air-conditioning and refrigeration solutions. Carrier experts provide sustainable solutions, integrating energy-efficient products, building controls and energy services for residential, commercial, retail, transport and food service customers. Carrier is a part of UTC Climate, Controls & Security, a unit of United Technologies Corp., a leading provider to the aerospace and building systems industries worldwide. For more information, visit www.carrier.com or follow @Carrier on Twitter.

Media Contact:

Hor Mei Peng
+65-6410-0111
Meipeng.hor@utc.com

SOURCE United Technologies Corporation

Geoswift, cross-border payment solutions provider accepted into Forbes Finance Council

Raymond Qu, CEO and Founder of Geoswift, a leading provider of cross-border payment solutions between China and the rest of the world, has been accepted into the Forbes Finance Council, an invitation-only community for executives in accounting, financial planning, wealth and asset management and investment firms.

Raymond Qu joins other Forbes Finance Council members, who are hand-selected, to become part of a curated network of successful peers and get access to a variety of exclusive benefits and resources, including the opportunity to submit thought leadership articles and short tips on industry-related topics for publishing on Forbes.com.

Forbes Councils combines an innovative, high-touch approach to community management perfected by the team behind Young Entrepreneur Council (YEC) with the extensive resources and global reach of Forbes. As a result, Forbes Council members get access to the people, benefits and expertise they need to grow their businesses — and a dedicated member concierge who acts as an extension of their own team, providing personalized one-on-one support.

“I am honored to represent Geoswift in joining the Forbes Finance Council. We’ve built a global cross border payments business across Hong KongShanghaiSingaporeLondonVancouverSeattle and San Francisco. We’ve expanded our team with senior appointments of industry specialists to meet the growing requirements of our international clients. We are at an exciting stage of growth and joining the Council will enable us to contribute further to the payments industry especially those turning to China for opportunities.

International players are often overwhelmed by the complex regulations introduced by People’s Bank of China (PBOC). With new market entrants and regulatory developments, I can understand why. Our expertise lies in China and we work with global merchants to facilitate the collection and settlement of currencies into China. Our product infrastructure has also been built to adapt to changes in regulatory policies by the PBOC. We have great business insights on China and we are very positive on the potential it presents.

Our membership with the Forbes Finance Council presents a fantastic opportunity for Geoswift to share our insights and expertise on China’s business potential with the rest of the world.” Raymond Qu, CEO and Founder of Geoswift.

Scott Gerber, founder of Forbes Councils, says, “We are honored to welcome Raymond Qu, into the community. Our mission with Forbes Councils is to curate successful professionals from every industry, creating a vetted, social capital-driven network that helps every member make an even greater impact on the business world.”

About Geoswift

Geoswift is an innovative payment technology company connecting China and the rest of the world. The company comprises the world’s leading payment technology experts that have a deep understanding of the industry, technology, and global and China monetary policy. Geoswift provides clients with customised one stop cross-border payment solutions to and from China. Geoswift is relied upon by the world’s leading ecommerce companies, most prestigious universities and the largest brands in the travel industry to grow their businesses.

Geoswift is an acquirer of UnionPay International in North America and a long-term partner of many other leading financial institutions. It also maintains numbers of currency exchange outlets throughout China. Geoswift is headquartered in Hong Kong with operating offices in ShanghaiSingaporeLondonVancouverSeattle and San Francisco for strategic and regulatory functions. For more information visit, please visit www.geoswift.com or send in your queries to info@geoswift.com.

About Forbes Councils

Forbes partnered with the founders of Young Entrepreneur Council (YEC) to launch Forbes Councils, invitation-only communities for world-class business professionals in a variety of industries. Members, who are hand-selected by each Council’s community team, receive personalized introductions to each other based on their specific needs and gain access to a wide range of business benefits and services, including best-in-class concierge teams, personalized connections, peer-to-peer learning, a business services marketplace, and the opportunity to share thought leadership content on Forbes.com. For more information about Forbes Finance Council, visit https://forbesfinancecouncil.com/. To learn more about Forbes Councils, visit forbescouncils.com.

SOURCE Geoswift

CONTACT: Cognito, Prisita Menon / Liz Asri, geoswift.asia@cognitomedia.com, +65-6221-7310

AvaTrade Reduces Spreads Across FX Pairs and Commodities

AvaTrade, the leading forex and CFD broker, has reduced the fixed, floating and options spreads by an average of 35% across the majors and as much as 50% on some FX pairs. This change sets AvaTrade as an industry-leading broker with some of the best trading conditions, including extra-low spreads, excellent bonuses and up to 400:1 leverage.

On top of these reduced spreads, during 2017 AvaTrade has significantly increased its activity and portfolio. Entering the cryptocurrencies market, AvaTrade offers 24/7 trading on 5 top cryptocurrencies, both as pairs and individual assets. Regulated across the world, including under the Central Bank of Ireland, AvaTrade is one of the only fully regulated brokers who offer bonuses on deposits and up to 400:1 leverage.

“We are always looking to improve our offering to our clients, and constantly thrive to stay one step ahead of the industry,” says Mr. Dáire Ferguson, CEO of AvaTrade. “Customers who want great conditions without compromising on regulation and security, can find the perfect combination of all with AvaTrade. We are working relentlessly to provide new and exciting features, tools and offers to our clients,” concluded Ferguson.

Find out more about AvaTrade at http://www.avatrade.com

About AvaTrade

AvaTrade, the leading forex and CFD broker, was founded in 2006 and offers more than 250 financial instruments, top trading platforms, and a new cutting-edge mobile app, AvaTradeGO. Clients enjoy personal account managers and a 24-hour live customer service in 15 languages. AvaTrade accommodates to traders of all levels, and further ensures secured trading with advanced encryption and fully segregated accounts. AvaTrade is fully regulated in the EU, JapanAustraliaSouth Africa & BVI.

Press Contact

Orly Garini-Dil
Marcom Director
+1-646-335-0738 (Ext. 2125)
O.Garini-Dil@avatrade.com

SOURCE AvaTrade

SK Holdings Makes US$333 Million Strategic Equity Investment into ESR

SK Holdings Co., Ltd. (“SK”), one of the largest South Korean conglomerates, and e-Shang Redwood Limited (“ESR”), a leading pan-Asialogistics real estate developer, owner and operator, announced today that the two companies have signed definitive agreements for SK to invest KRW 374 billion (US$333 million) for a 10% fully diluted stake in ESR. The transaction marks SK’s first investment in the logistics real estate sector and its largest ever minority investment.  Upon closing, the transaction is expected to generate significant synergies between ESR and SK and will help ESR to further enhance its market leading position in the logistics real estate sector in South Korea and across the Asia-Pacific region.

Based in Seoul with 65 years of history, SK Group is one of the largest South Korean conglomerates with a specialty in oil & gas, telecommunications, semiconductor, petrochemicals and e-commerce businesses. As a responsible corporate citizen, SK is a national and global leader by taking active initiative in energy and chemicals, driving technological innovations in information, telecommunication, and semiconductor businesses, and enriching lives in the marketing and service sector including logistics and retail. Through its operations in over 30 countries, SK Group owns a sizable portfolio of warehouses, manufacturing plants, research centers and prime office properties.

Co-founded by Warburg Pincus and the senior management Stuart Gibson, Jeffrey Shen and Charles de Portes and backed by some of the world’s preeminent investors including APG, CPPIB, Goldman Sachs, Morgan Stanley, PGGM and Ping An, ESR is one of the largest warehousing developers, owners and managers in Asia.  As of June 2017, ESR manages 8.4 million sqm of projects with US$9.0 billion of assets under management across ChinaSouth KoreaJapan and Singapore. ESR’s customers consist of international market leaders across a broad range of industry sectors including e-commerce, retail, manufacturing and third-party logistics companies.  Some of its representative tenants include JD.com, 1haodian.com, Askul, Carrefour, DB Schenker, Daimler, and H&M.  ESR also owns the trust manager of ESR-REIT, Singapore’s first independent industrial real estate investment trust with a diversified portfolio of 49 properties and a gross asset value of over S$1.3 billion (US$0.96 billion).

HoJeong Lee, VP of SK commented, “We firmly believe that ESR is well positioned as the largest pure-play Asia-focused logistics real estate platform with a best-in-class management team to become the “Prologis” of Asia. ESR’s platform is highly complementary to our broader portfolio of businesses and this investment is also consistent with SK’s growth strategy and vision to become a ‘Global Investment Holding Company’ through active investment in market leading companies across SK’s supply chain. We believe the investment in ESR will not only bring long-term sustainable return for SK but it will also provide strong support for our warehousing needs in Asia.”

The modern warehousing industry in Asia has witnessed robust development driven by the rapid growth of e-commerce and an increasing reliance on third-party logistics providers.  According to JLL Research, e-commerce sales in China will represent over 50% of global e-commerce sales by 2018 and China’s online retail transaction value is expected to double from 2016 to 2029, exceeding US$1.5 trillion. E-commerce sales in Japan (the fourth-biggest market) are set on a similar growth trajectory and estimated to double in size to JPY 25.1 trillion (US$226.1 billion) in 2020, at an annual CAGR of 12%. In South Korea, the modern warehousing industry has been one of the fastest growing sectors between 2000 to 2015 growing threefold to reach KRW 2.3 trillion (US$2 billion) in 2015.

Jeffrey Shen and Stuart Gibson, Co-CEOs of ESR, commented, “We are very excited to welcome SK as a shareholder and a business partner.  Through its investment, we will seek to leverage SK’s strong presence in South Korea to further enhance our market leading position in the country.  Additionally, we look forward to working closely with SK to help fulfill their growing warehousing needs across the region with the goal of creating long-term value for SK and its shareholders.”

About SK Holdings

As the integrated holding company of SK Group, the mission of SK Holdings is to generate synergies among its various affiliates by enhancing management efficiencies and speedy decision making. Since its formation, SK holdings has continued to improve the strength of SK Group through active investment in new growth areas, which constitute value-centered portfolios including bio/pharmaceuticals, semiconductor materials and modules, LNG, IT services, and ICT convergence.

About ESR

ESR is a leading “pure-play” pan-Asia logistics real estate platform focusing on developing and managing institutional-quality logistics facilities that cater to third-party logistics providers, e-commerce companies, bricks-and-mortar retailers, cold-chain logistics providers and industrial companies. Co-founded by Warburg Pincus and the senior management Stuart Gibson, Jeffrey Shenand Charles de Portes and backed by some of the world’s preeminent investors including APG, CPPIB, Goldman Sachs, Morgan Stanley, PGGM and Ping An, the ESR platform represents one of the largest industrial asset manager in the Asia-Pacific region managing over 8.4 million sqm of projects in operation and under development across ChinaSouth KoreaJapan, and Singapore, with funds management offices in Hong Kong and Singapore.

Media Contacts:

SK Holdings
Hyung Jun, Kim
hjkim118@sk.com

ESR
Emma Larsson
elarsson@sg.esr.com

SOURCE Warburg Pincus

RELATED LINKS
http://www.warburgpincus.com

Peninsula Land Receives RERA Registration key for Salsette27

With the agitation among builders to get their projects registered under the Real Estate (Regulation and Development) Act (RERA) by 31st July 2017, the real estate industry is in a rush where many players are even looking at trying to get extensions considering the small time frame of three months at hand.

According to the RERA Act, if a project is not registered under RERA by July 31st, the builder is liable to be penalized up to 10% of the project cost. For agents, it is up to Rs. 10,000 for each day of violation. While several builders have already registered their projects, some are still struggling with the same. One such builder, who has its processes in place for RERA, is Peninsula Land Ltd.

Peninsula Land has delivered more than 6.4 million sq. ft. of real estate with some of the landmarks being, the Peninsula Corporate Park, Peninsula Technopark, Peninsula Business Park, Crossroads, CR2, Ashok Towers and Ashok Gardens. Currently, in Mumbai, Peninsula Land has two projects underway, Celestia Spaces in Sewri and Salsette27 in Byculla.

Commenting on the RERA situation, Mr. Nandan Piramal, Director, Sales & Marketing – Peninsula Land said, “Salsette27 is one of our first projects to be registered under RERA. Being a listed entity, we had our processes set even before RERA was announced to ensure complete transparency to our home buyers. We believe that this will further strengthen customer confidence in home purchases.” This Peninsula Land project is registered under MahaRERA Reg. No P51900000642.

About Peninsula Land Limited: 

Peninsula Land Limited is known for creating international landmarks that redefine India’s skyline. As part of the Ashok Piramal Group, the company is committed to creating international landmarks. They are amongst the first real estate companies to be listed on the stock exchange. This fact is the biggest indicator of their adherence to good corporate governance along with fair and transparent business practices.

Today, Peninsula Land is an integrated real estate company. Our projects include pioneering retail ventures, world-class commercial projects and residential complexes. They have delivered more than 6.4 million sq. ft. of real estate with around 18.6 million under development in Mumbai, Bengaluru, PuneGoa, Nashik and Lonavala. Some of the landmarks that Peninsula has given Mumbai include the Peninsula Corporate Park, Peninsula Technopark, Peninsula Business Park, Crossroads, CR2, Ashok Towers and Ashok Gardens.

 

SOURCE Peninsula Land Limited

CONTACT: Ruchi Vyas, Communicate India, ruchi.vyas@communicateindia.com, +91-9819652517

APR Energy Delivers Backup Generation for South Australia

A newly signed contract with SA Power Networks installs APR Energy as the last line of defense against power outages in South Australia, adding more than 200MW to the grid through the use of emissions-friendly mobile gas turbines at two sites. The plants should provide critical grid stability before December 1, 2017.

“APR Energy is pleased to provide emergency back-up generation for South Australian households and businesses,” said John Campion, chairman of APR Energy, a global leader in fast-track power solutions. “Ensuring that the people of South Australia have this critically needed power quickly will play an important role in mitigating the risk of blackouts and the need for load shedding during the peak summer months.”

APR Energy’s project will comprise the newest generation of GE TM2500 turbines, featuring the latest advancements in mobile turbine technology in the industry. The turbines will be connected to the South Australia grid at substations in Edinburgh and Lonsdale. The full turnkey project includes all installation, operations and maintenance, as well as transformation from 11kV to 66kV.

“This is another important step in South Australia taking charge of its own energy future,” said Premier Jay Weatherill. “This solution will deliver long-term back-up generation for South Australia before this summer. Importantly, this solution will deliver more generation capacity than originally planned, while emitting less carbon pollution than Torrens Island Power Station” — a natural gas-power generating facility near the state capital Adelaide.

This is APR Energy’s third project in Australia — the others being for Horizon Power and Hydro Tasmania — both relying on mobile gas turbines. APR Energy’s turbine technology enables it to rapidly inject large blocks of power at the first sign of grid instability. Its turbines produce 94% lower NOx emissions, significantly less particulate matter and 20% less noise than the emissions-intensive diesel reciprocating engines typically found in the temporary power market, providing an environmentally friendly solution for South Australia.

About APR Energy

APR Energy is the world’s leading provider of fast-track mobile turbine power, and has installed over 3,000MW of power capacity across more than 30 countries. Our fast, flexible and full-service solutions provide customers with rapid access to reliable electricity when and where they need it, for as long as they need it. Combining state-of-the-art, fuel-efficient technology with industry-leading expertise, our scalable turnkey plants help run cities, countries and industries around the world, in both developed and developing markets. For more information, visit the Company’s website at www.aprenergy.com.

 

 

SOURCE APR Energy

CONTACT: Alan Chapple (Media), +1 (904) 223-2277, publicrelations@aprenergy.com, Press Photo Gallery

RELATED LINKS
http://www.APRenergy.com

IP ServerOne Announces Its New Datacenter in Cyberjaya

IP ServerOne, a leading web hosting provider in Malaysia, announced the launching of its own suite in CJ1, a new datacenter suite located in Cyberjaya, Malaysia. IP ServerOne aims to fulfill the increasing demand for security hosting infrastructure and technical efficiency covering various services, such as Public and Private Cloud, Disaster Recovery (DR), and Backup Solutions, as well as extensive data storage for local and regional corporates, e-government, insurance, medical, education, and oil and gas industries.

It will complete IP ServerOne’s four existing datacenters across Malaysia and Singapore, whereby the latest one is facilitated by intelligent Power Distribution Unit (iPDU), which is not provided by other datacenter suites in CJ1. As a Tier-3 certified datacenter, IP ServerOne provides a remote friendly fully redundant power which enables users to control the power remotely via built-in network from the iPDUs, along with enterprise-class hosting services, including Colocation, Dedicated Server, and Cloud Server in addition to complimentary value-added services.

“Our network is also equipped with Anti-DDOS system deployed locally with up to Layer 7 protection to protect all customers hosted from DDoS attack. It will protect your brand and business, even during a DDoS attack, the legitimate traffic will pass through without any service interruption.” said Lee Cheung Loongco-Founder of IP ServerOne.

All users will also enjoy low latency networks backed by multiple Tier1 IT and telecommunication providers, such as NTTPCCW Global, and Telia, which can provide a reliable network to achieve optimal application and business performances. Thus, it allows real-time networking and high frequency trading between industries in major cities of Asia, in less than 100 milliseconds.

To improve the cooling system efficiency, IP ServerOne has deployed the Cold Aisle Containment System for the 5,100 square feet datacenter. It works by separating the hot and cold air, so the IT equipments will be consistently cool, which results in a more efficient energy use thus cutting the cost for power wastage. Therefore, the datacenter can reduce the power utilization by up to 20%. It is also constructed with Top Roof Panel Fire Protection Opening Design to advance fire detection and automatic fire suppression system.

CJ1 operations are also monitored by a dedicated Network Operations Center. “Apart from biometric access system, we have highly experienced staff who works 24/7 to keep alert with all monitored endpoints and network security,” added Lee Cheung Loong. As a commitment to address information security needs, IP ServerOne is in the progress of getting ISO/IEC 27001 and PCI DSS certification for the new datacenter.

About IP ServerOne

Established in 2003, IP ServerOne aims to provide a comprehensive range of hosting solutions for customers to accomplish operational success on the Internet. The company’s key strength is demonstrated through its proven technical expertise in seamlessly integrated systems, networks and software applications as a complete solution for today’s competitive environment.

With over 3800 managed dedicated servers running simultaneously, IP ServerOne servers are now located in CJ1, AIMS, CX2, NTT Datacenters in Malaysia and Telstra in Singapore. Generally, the offered solutions are in these key areas: Dedicated Server Hosting, Cloud Hosting, Co-location, Email Hosting, Shared Hosting, DDoS Protection Solution, Managed Hosting Services and Domain Name Services. According to Hurricane Electric (a global Internet backbone operator), IP ServerOne is considered to have the best BGP network in Malaysia (source: http://bgp.he.net/country/MY).

For more information, visit www.ipserverone.com.

Media Contact:
ANGEL SAW
Marketing Executive
Tel: 603-2026-1688
Email: angelsaw@ipserverone.com

SOURCE IP ServerOne

CNOOC Limited Announces BD Gas Field in Indonesia Commences Production

CNOOC Limited (the “Company”, SEHK: 00883, NYSE: CEO, TSX: CNU) announced today the BD gas field in Indonesia has already commenced production.

The BD gas field is located in Madura Strait at a water depth of approximately 55 meters. Main production facilities included one unmanned wellhead platform, one FPSO and four production wells. Currently, the gas field has 2 wells in production and its gas and condensate sales production is approximately 7,200 barrels oil equivalent per day. The gas field is expected to reach its Overall Development Program designed peak production of approximately 25,500 BOE per day in 2018.

Husky-CNOOC Madura Limited (HCML) is the operator of the Production Sharing Contract (PSC) for the BD gas field. Husky and CNOOC Limited each hold a 40 percent interest in HCML, while the remaining 20 percent interest is held by Samudra Energy.

Notes to Editors:

More information about the Company is available at http://www.cnoocltd.com.

This press release includes “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, including statements regarding expected future events, business prospectus or financial results. The words “expect”, “anticipate”, “continue”, “estimate”, “objective”, “ongoing”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify such forward-looking statements. These statements are based on assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors the Company believes are appropriate under the circumstances. However, whether actual results and developments will meet the expectations and predictions of the Company depends on a number of risks and uncertainties which could cause the actual results, performance and financial condition to differ materially from the Company’s expectations, including but not limited to those associated with fluctuations in crude oil and natural gas prices, the exploration or development activities, the capital expenditure requirements, the business strategy, whether the transactions entered into by the Group can complete on schedule pursuant to their terms and timetable or at all, the highly competitive nature of the oil and natural gas industries, the foreign operations, environmental liabilities and compliance requirements, and economic and political conditions in the People’s Republic of China. For a description of these and other risks and uncertainties, please see the documents the Company files from time to time with the United States Securities and Exchange Commission, including the Annual Report on Form 20-F filed in April of the latest fiscal year.

Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements. The Company cannot assure that the results or developments anticipated will be realised or, even if substantially realised, that they will have the expected effect on the Company, its business or operations.

For further enquiries, please contact:

Mr. Yan Cao
Deputy General Manager, Investor Relations Department
CNOOC Limited
Tel: +86-10-8452-1417
Fax: +86-10-8452-1441
E-mail: caoyan@cnooc.com.cn

Ms. Iris Wong
Hill+Knowlton Strategies Asia
Tel: +852-2894 6263
Fax:+852-2576 1990
E-mail: hl.wong@hkstrategies.com

SOURCE CNOOC Limited

Cyient Recognized as ‘Leaders in Corporate Innovation’ by Indo-American Chamber of Commerce (IACC)

Cyient, a global provider of engineering, manufacturing, geospatial, network and operations management services to global industry leaders, today announced that it has been conferred with the ‘Leaders in Corporate Innovation’ award at the 13th Indo-American Corporate Excellence (IACE) Awards ceremony conducted by the Indo-American Chamber of Commerce (IACC) in Mumbai.

The ‘Leaders in Corporate Innovation’ award recognizes businesses that have developed and employed innovative techniques for optimization of cost and operations. Cyient demonstrated excellence in all the parameters including promoting the concept of innovation among its associates and achieving business objectives.

IACE awards recognize organizations and individuals that embody the promotion of Indo-US Trade and have made outstanding contributions impacting all spheres of the corporate ecosystem – business, industry and the overall community. A distinguished independent jury, comprised of business and U.S. Government leaders, evaluated the applicants and selected the awardees, who were honored in front of an audience of over 300 people, including the Indo-U.S. business community, IACC members, U.S. and other diplomatic officials.

On receiving the award, Mr. Krishna Bodanapu, Managing Director & CEO, Cyient Limited said, “This award is a testimony to our relentless commitment to innovation. It is an honor to be recognized as ‘Leaders in Corporate Innovation’ by a reputed body like the IACC and this further strengthens our efforts to foster a culture of innovation within Cyient. I would like to thank all of our associates for consistently delivering outstanding value to our clients.”

“Cyient has excelled in the category of Corporate Innovation, showing admirable competence in innovative ideas and outdoing other nominees on various levels,” said N V Srinivasan, National President, IACC. “It is our privilege to bestow this award to Cyient and I congratulate them on this achievement.”

Started in 1968, by notable industry leaders and visionaries,, the IACC is the apex bi-lateral Chamber synergizing India-U.S. economic engagement. Today, IACC consists of 2,400 members in 12 locations, representing cross sections of American. and Indian industries. The IACC organized the 13th edition of the Indo-American Corporate Excellence Awards in Mumbai. Through these awards, the Chamber recognized the best Indian companies in the U.S. and the best U.S. companies in India

About Cyient:

Cyient (Estd: 1991, NSE: CYIENT) provides engineering, manufacturing, geospatial, network and operations management services to global industry leaders. Cyient leverages the power of digital technology and advanced analytics capabilities, along with domain knowledge and technical expertise, to solve complex business problems.  As a Design, Build and Maintain partner, Cyient takes solution ownership across the value chain to help clients focus on their core, innovate, and stay ahead of the curve.

Relationships form the core of how Cyient works. With nearly 14,000 employees in 21 countries, Cyient partners with clients to operate as part of their extended team, in ways that best suit their organization’s culture and requirements. Cyient’s industry focus includes aerospace and defense, medical, telecommunications, rail transportation, semiconductor, utilities, industrial, energy and natural resources.

For more information, please visit www.cyient.com.
Follow news about the company at @Cyient.

For further media inquiries, please write to press@cyient.com

SOURCE Cyient

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Xinyi Glass 2017 Interim Net Profit Soars 19.5% to HK$1,635.9 Million

Declares an Interim Dividend of HK 20.0 Cents

Xinyi Glass Holdings Limited (“Xinyi Glass” or the “Group”) (stock code: 00868.HK), a leading integrated automobile glass, energy-saving architectural glass and high quality float glass manufacturer, announced its interim results for the six months ended 30 June 2017 (“1H2017”) on 31 July 2017.

During 1H2017, benefiting mainly from the significant growth of float glass business, the Group recorded a 13.5% increase in turnover to HK$6,676.8 million. Gross profit surged by 19.0% to HK$2,429.2 million and gross profit margin improved to 36.4%. Thanks to the notable sales growth of float glass business, improved average selling price, plus the increased profit contributed by Xinyi Solar, the Group’s net profit increased by 19.5% to HK$1,635.9 million, with net profit margin reaching 24.5%. Basic earnings per share were 41.64 HK cents. The Board of Directors has declared payment of an interim dividend of 20.0 HK cents per share, representing a dividend payout ratio of 48.9%.

Business Review

Float Glass – Strong Earnings Growth Attributed to Economies of Scale and Improved Market Environment

During 1H2017, float glass business recorded markedly improved earnings performance as we pushed to maximize economies of scale. Rise in average selling price, strong growth in sales volume as the demand of the architectural glass industry in the PRC gradually climbed, plus the wide float glass product mix of the Group also helped. Currently, Xinyi Glass is the largest float glass manufacturer in the PRC in terms of production capacity. It achieved a turnover of HK$3,619.0 million for the period under review, with gross profit up significantly by 82.9% to HK$1,090.0 million, and gross profit margin surged to 30.1%.

Automobile Glass – Implemented Flexible and Proactive Marketing Strategies to Explore Overseas Business Opportunities

Xinyi Glass is China’s largest exporter of automobile glass in the aftermarket sector and it has been proactive in employing diverse marketing strategies for its automobile glass business so as to bolster continuous growth of the business. Moreover, the Group is devoted to enhancing its product portfolios and exploring new overseas customers to boost its global presence. In 1H2017, the segment reported stable performance, marking turnover of HK$1,871.3 million. Meanwhile, affected by less favourable currency exchange rates, sales dropped in South America and no contribution of retail sales in Hong Kong due to the spin-off of Xinyi Automobile Glass Hong Kong Enterprises Limited (stock code: 08328.hk) in July 2016, gross profit of the business decreased by 7.7% to HK$894.4 million and gross profit margin was 47.8 % which was mainly due to the increase of float glass production cost.

Architectural Glass – Grew Steady Braced by Increasing Market Demand and Nationwide Market Coverage

Despite the continual launch of property tightening policies by the Chinese government in recent years, the overall PRC property construction industry has been on steady climb, which is expected to translate into stable demand for architectural glass. However, with the PRC energy-saving low-emission (“Low-E”) glass for construction market highly competitive and the less favourable currency exchange rates, revenue of the Group’s architectural glass segment dropped slightly for 1H2017, amounting to HK$1,186.5 million. Gross profit was HK$444.8 million and gross profit margin was down moderately to 37.5% which was mainly due to the increase of float glass production cost.

Market Analysis

The Greater China region remained as the Group’s largest market, recording a rise in turnover of 18.1% to HK$4,797.2 million, accounting for 71.9% of the Group’s total turnover. From overseas markets, turnover grew slightly by 3.0% to HK$1,879.6 million and that from North America was HK$756.2 million, accounting for 11.3% of the Group’s total turnover.

Prospects

In recent years, the glass product mix has been changing gradually and the use of glass products is constantly expanding, thus market demand is expected to stay strong in the foreseeable future. Products such as double and triple glazing Low-E glass and high quality float glass have expanding uses with the government promoting the adoption of energy-saving and green buildings materials. Furthermore, with the average selling price of float glass remains strong, the average production cost of float glass would expect to drop and would improve profitability, the Group is optimistic about its float glass business.

At the same time, the Group is speeding up penetration of overseas markets. In the second quarter of 2017, its first overseas high quality float glass production line in Malacca, Malaysia commenced operation. The second phase of the facility is being constructed and will commence operation by the second half of 2018, allowing the Group to effectively capture global demand and better serve ASEAN-based customers, being closer to them. The Group also enjoys privileged import duty treatment and will implement appropriate pricing strategy. Supported by the new production lines in Malaysia and the huge demand anticipated from the global market, specifically ASEAN, Europe and the US, the Group plans to expand its total float glass production capacity by 50% by the end of 2020.

The Group is generally optimistic about its automobile glass business, in light of the continuous demand from the huge China and global aftermarket. Therefore, the Group plans to increase the production capacity for automobile glass by 1.5% to 16,400,000 pieces per year by the end of 2017. In addition, it will continue to enhance its product offerings and capacity for OEM automobile glass, heeding the foreseeable demand growth.

Datuk LEE Yin Yee, B.B.S., Chairman of Xinyi Glass, said, “We are excited to see the Group delivering such strong growth in 1H2017, particularly float glass business, which afforded outstanding results. The credit, we believe, goes to our diversified and high-end product offerings. Moreover, at our dedicated effort to strengthen global presence, the strategic expansion in Malaysia made good progress during the period. Looking ahead, we will capitalize on economies of scale and optimize our product mix to enhance the Group’s competitive strengths. In addition, more production lines in overseas are expected to be built in the coming years, to support our active expansion in the overseas glass market, that we may capture business opportunities worldwide. With strengthening capability and the market environment improving, we are confident of continuing to attain stable development and generate lucrative returns for shareholders.”

SOURCE XINYI GLASS

CONTACT: Colin Bai, Phone Number: +852-5987-3091, Email: colinbai@financialpr.hk

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