Supervisory Committees for The National Center for Privatization & PPP (NCP) Established: Best Practices Blueprint for Saudi Privatization Initiative First Objective
The National Center for Privatization & PPP (NCP), the newly formed agency created to empower Saudi Arabia’s private sector, alongside the Supervisory Committees (SCs) established to manage each privatization sector, today set out the blueprint to ensure the efficient and strategic transfer of the Kingdom’s government assets to the private sector.
The Council of Ministers announced the establishment of the SCs yesterday, and these were given a definitive mandate to function as executive facilitators for multiple sectors which are to be privatized over the next 10 years.
The sectors included in the Vision 2030 under the Privatization Program are: Environment, Water and Agriculture; Transport; Energy, Industry & Mineral Resources; Labor & Social Development; Housing; Education; Health; Municipalities, Telecommunication and Information Technology and Hajj & Umrah sectors.
The role of each committee is to assess the technical, financial, legal and regulatory landscape and to establish a best practice blueprint for the privatization of the targeted entities. The Ministry of Finance, a permanent member in all the SCs, will also play a crucial role in the privatization process.
NCP will serve as a permanent member of all SCs, providing strategic guidance and support as the committees move to enhance Saudi Arabia’s economy by recruiting private sector participation through asset privatization and the formation of new public-private partnerships.
It is anticipated that the privatization process will increase the private sector’s contribution to national GDP from 40 to 65 percent.
NCP and the SCs are the first entities of their kind in the MENA region. They have been established to meet the core objectives of the privatization effort: improving the efficiency and competitiveness of the national economy, thereby boosting the quality of life for the Saudi people through stimulation of the private sector, improving the overall business environment, increasing job opportunities for Saudi nationals, reinvigorating the Kingdom’s rich mineral resources sector, developing renewable energy capacity, investing in workforce and education development and diversifying the economy.
The first step in this process is to establish a world-class center of excellence to facilitate and regulate the sale of state assets and entities.
“NCP has adopted a wide-ranging governance policy that will enable government agencies and hold each accountable as we move forward with stimulating private investment and privatization,” said Turki A. Al Hokail, CEO of the NCP.
NCP will formulate regulations, create privatization frameworks and prepare robust processes that will serve as a blueprint for agencies and entities to follow that will ensure the efficient sale of Saudi assets and to drive the privatization process forward.
“We will facilitate the smooth transfer of assets by publishing a blueprint that will deepen communication channels between government agencies, citizens and the private sector locally, regionally & internationally and serve to guide investors and participating agencies and entities through the privatization process.
“NCP was established with the purpose of setting policies, strategies, programs, bylaws, plans and tools to achieve the privatization projects objectives, thus suggesting the sectors and activities that may be privatized. The center will also set necessary standards and frameworks for sectors targeted for privatization, set principles which help the management of privatization-related projects, develop requirements to establish entities where the private sector – from inside and outside the Kingdom – may participate with government entities in the launched privatization projects.
“NCP will work with the sectors targeted for privatization to ensure their technical and financial readiness. The Center will work to assess the readiness of the macro economy of the privatization programs and contribute to managing related risks. It will work with its counterparts to identify key performance indicators related to privatization. In addition, NCP will be contributing to the training and qualification of human capital in the field of privatization to guarantee leveraging their abilities and expertise to achieve development objectives.
“Effective governance means integrating a continuous evolution of improvement to keep pace with the rising accountability and transparency expected of government. NCP will serve as an agile, performance-oriented public organization that will boost performance and increase investment opportunity in the Kingdom.”
About the National Center for Privatization & PPP (NCP)
NCP was established through the Council of Ministers Resolution on April 3, 2017 and is responsible for executing the privatization of certain government entities, a priority identified as part of the Saudi Vision 2030. NCP’s mission is to enable privatization by providing assistance in formulating regulations, creating privatization frameworks and for preparing government entities that are identified for privatization to ensure quality outcomes. The NCP team includes expertise in the areas of legal, financial, advisory, strategy, risk, marketing and human resources as well as experts in the full spectrum of Public Private Partnerships. NCP is developing the privatization pipeline which includes proposing sectors, government functions and organizations that could either be privatized or improved through a public private partnership or private investment. In addition, NCP is also responsible for developing an efficient privatization process that targeted entities will follow to solicit and engage private sector participation and for promoting those opportunities internationally.
FOR MORE INFORMATION PLEASE CONTACT:
HANI ALSAIGH, NCP – DIRECTOR GENERAL STRATEGIC COMMUNICATION & MARKETING.
M: +966 50 447 6040
SOURCE National Center for Privatization & PPP (NCP)
All that glitters at the 60th edition of Bangkok Gems & Jewelry Fair
Celebrating its long history of jewelry producer, Thailandpolishes finest pieces of gold, silver, pearls, and gemstones for the world to see. With invaluable heritage of craftsmanship that has been passed down through generations, gems districts like Bangkok, Kanchanaburi and Chantaburi welcome visitors and traders from every corner of the world.
To cherish sparkling potential of gems and jewelry industry, Department of International Trade Promotion (DITP) has been organizing the Bangkok Gems & Jewelry Fair – a well-established trading platform where global gems and jewelry professionals meet, connect and select exquisite gems and jewelry.
This year, the Bangkok Gems & Jewelry Fair (BGJF) will mark its 60th edition during September 6-10, 2017, at IMPACT’s Challenger Halls, Bangkok. Underlining the country’s strength as regional hub of quality gems and jewelry, the Fair brings together over 800 leading producers, suppliers and exciting designers showcasing outstanding products in over 2,100 booths.
Mrs. Malee Choklumlerd, DITP’s Director General, disclosed that the Bangkok Gems & Jewelry Fair is Asia’s leading trade show for the jewelry industry. It provides an outstanding platform for Thai and international jewelry producers, suppliers as well as emerging talents to display their exquisite creations.
The Director General further expressed her confidence that the recent Cabinet Resolution on gems and jewelry import duty exemption in early 2017 would greatly enhance competitiveness of Thai industry. The policy is applicable to duties on all gems and jewelry products imported to Thailand. Visitors, meanwhile, will benefit greatly by getting merchandise of finest quality at best prices.
Speaking of the 60th BGJF highlights, Mrs. Malee stated that the event will showcase the country’s signature products particularly colored gemstones for which Thailand is celebrated as world’s leading producer. Others include silver jewelry which has placed the country No.2 in world exports, and gold jewelry which has won the country international fame for its intricacy and outstanding quality. Not to be missed is the New Faces exhibition focusing on up–and–coming trends in Niche Markets such as “The Moment” displaying jewelry for wedding and special occasions, “Metro Men” showcasing jewelry for men, “Heritage & Craftsmanship” spotlighting contemporary hand-crafted jewelry, “Spiritual Power” unveiling jewelry of belief and opulence, plus the trend-setting creations entitled “Beyond Jewelry/ Jewelry Cross Over” featuring modern and everyday-life gadgets as well as furniture and home decor items decorated with gems.
Another highlight of the upcoming fair is the Ruby Contest in celebration of its 60th edition with 60 finest Rubies being presented by Thai and international producers. Visitors will also enjoy the BGJF’s new zone in the SMEs Pavilion dedicated to exquisite jewelry crafted by outstanding SMEs from reputed gems districts. The five-day trade event also provides visitors a series of extensive seminars, complimentary shuttle service, plus on-site gemological lab service from the Gem and Jewelry Institute of Thailand (GIT) and other leading gemological institutes.
The 60th Bangkok Gems & Jewelry Fair will take place from September 6-10, 2017 at Challenger Hall 1-3, IMPACT Muang Thong Thani. For more information and pre-registration, please visit www.bkkgems.com or dial +66 (0) 2507 8392-3, DITP Call Center 1169 or follow us on Facebook at www.facebook.com/Bangkokgemsofficial.
SOURCE Department of International Trade Promotion (DITP)
NCIC Egypt Awards 70 TPD Hydrogen Peroxide Turnkey Project to Nuberg
- Project is awarded by El Nasr Co for Intermediate Chemicals (NCIC), Egypt.
- Hydrogen peroxide production capacity of the plant will be 70 tons per day (50% H2O2) technical, chemical & food grade.
- Nuberg’s scope for the project include technology, process know-how, basic and detailed engineering, supply including complete supervision of erection, construction, commissioning, project management and starting-up of the plant.
- Sweden-based EB Nuberg is the technology licensor for the project.
El Nasr Co for Intermediate Chemicals (NCIC) has entrusted India-based global EPC and LSTK company for speciality chemicals Nuberg, as a single-point solution company, from concept to commissioning, with a contract for technology, engineering and construction of hydrogen peroxide plant in Giza, Egypt. The Euro 15 million turnkey project will manufacture hydrogen peroxide of technical, chemical and food grade with production capacity of 70 tons per day (50% H2O2). Nuberg’s scope of services includes technology, process know-how, basic and detailed engineering, project management, supply and supervision of erection and construction work as well as supervision services during start-up and commissioning.
Hydrogen peroxide technology licensor for the project is EB Nuberg, a Swedish R&D firm specializing in developing technologies for specialty chemicals. EB Nuberg will offer proprietary, high-yield hydrogen peroxide technology and process design services for the establishment of the facility. The plant production process will be based on the latest, state-of-the-art auto-oxidation technology developed and improvised by EB Nuberg Sweden over the years, having most efficient process design for hydrogen peroxide in comparison to available technologies in market. The hydrogen peroxide manufacturing process involves cyclic hydrogenation and oxidation of the working solution followed by extraction of crude H2O2 from the working solution. Thus the plant will comprise three main sections viz hydrogenation, oxidation and extraction section.
This project comes as another milestone for Nuberg in Egypt, as it is the fourth consecutive specialty chemical turnkey project for the company. Nuberg has already got 3 turnkey projects in Egypt namely, caustic soda plant for Egyptian Petrochemical Company in Alexandria, calcium chloride plant for TCI Sanmar Chemical in Port Said and sulphuric acid plant for AGROCHEM in Alexandria.
The contract-signing ceremony took place at NCIC office in Giza, Egypt in presence of Mr. AK Tyagi, Chairman and Managing Director of Nuberg, Er. Mokhtar A Mostafa, Chairman and Managing Director of El Nasr Co for Intermediate Chemicals and dignitaries from both the companies.
Mr. AK Tyagi said, “We are glad that our capabilities and world-class project execution quality is being recognised internationally. Egypt is one of the most promising markets for us. We are thankful to El Nasr Co for Intermediate Chemicals for awarding this hydrogen peroxide project to Nuberg. This newly signed agreement will strengthen our strategic position in Egypt where we are already executing number of turnkey projects.”
Hydrogen peroxide is an environment-friendly chemical compound with the formula H2O2. In its pure form, it is a colourless liquid, slightly more viscous than water. It is mainly used as a bleaching agent in textile and paper and pulp industry. It is a key raw material in the production of bleaching agents. In addition, it is also used is other industries such as wastewater treatment, organic peroxides, medical and cosmetics. The Hydrogen peroxide produced in the plant will be used in pharmaceutical, cosmetic, water, food processing, paper and pulp industries and many more.
Nuberg is a global EPC and turnkey project management company providing solutions with basic engineering and process know-how either from its own intellectual property or licensed from technology suppliers. Having set up 60+ greenfield plants worldwide with modern technology, its industrial plants are known for safety, security and cost efficiency. With in-house engineering set up of over 300000 available man-hours, construction team with global experience, and state-of-the-art fabrication facility with ASME U stamp certification, Nuberg is one of the world’s fastest growing EPC companies in chlor alkali, hydrogen peroxide, sulfuric acid and calcium chloride. Nuberg serves worldwide across chemicals and fertilizers, hydrocarbons, steel and nuclear and defence industries.
Visit for more information: http://www.nubergepc.com/press-releases.html
About El Nasr Co for Intermediate Chemicals (NCIC)
NCIC is Egypt based world class manufacturer of fertilizer and intermediate chemical products. The company specializes in chemical industries, fertilizers, industrial and medical gases, household insecticide and pesticides. Using the latest global technologies and modern techniques, in its respective areas, this leads to high-quality products, while preserving the environment from all types of pollution. NCIC envisages to play a leading role in the industrial and agricultural advancement of the country.
Visit for more information: http://www.nasrchemicals.com/EnMain.html
SOURCE Nuberg Engineering Ltd
The Tata Group to be Title Sponsor of Asia’s Most Prestigious Marathon for 10 Years
Tata Mumbai Marathon scheduled for 21st January, 2018; Registrations open 1st August
The Tata group, a global enterprise with over 100 independent operating companies, announced that it will be the title sponsor of one of the world’s top 10 marathons – the Mumbai Marathon. From 2018, India’s most prestigious long distance race will be called the ‘Tata Mumbai Marathon’ with its 15th edition scheduled on 21st January next year.
The Tata Mumbai Marathon will be jointly sponsored by the Tata group and Tata Consultancy Services, one of the world’s leading IT, business solutions and consulting organizations, for a period of 10 years, beginning 2018, which marks the 150th anniversary year of the Tata group and the 50th anniversary year of Tata Consultancy Services.
The Tata group has served as an instrumental force in propelling Indian sports and has shown immense dedication to helping grow and develop the sporting fabric of India. The group has forged a strong bond with society through the various academies that they run, at the grassroots level, the sporting legends they support, and their associations across a multitude of sporting disciplines including marathons, the epitome of participative sports.
Speaking on the occasion, Mr. N. Chandrasekaran, Chairman, Tata Sons, said, “We are delighted to become the title sponsor of the Tata Mumbai Marathon from 2018. Events like the marathon promote values like grit, tenacity, excellence, perseverance, belief, commitment, and passion that have been a key part of the Tata group’s ethos since its inception, almost 150 years ago.
Mr. Chandrasekaran added: “Partnering with India’s premier long-distance running event is a great way for the Tata group to increase our engagement with the community, raise funds for charity as well as create societal awareness about the necessity of good health and fitness. As a marathoner, I’m personally proud to support this partnership.”
Rajesh Gopinathan, CEO and MD, TCS, said, “At TCS, we believe that a healthy and fit workforce is a pre-requisite for sustained business success. Through our support of marathons globally as well as internal programs like Fit4Life, a strong message about health and fitness is now part of the culture of the company. Over the years, TCS has partnered with many marathons around the world. It gives us immense pleasure to continue to be associated with the Mumbai Marathon, which is one of the largest in the country. This time it is even more special, since it is the Tata Mumbai Marathon.”
Delighted with this new association, Vivek Singh, Joint MD, Procam International said, “It is a pleasure to welcome aboard the Tatas as title sponsors, as we celebrate a landmark 15th edition of the Mumbai Marathon. With a 10-year commitment to the event, the Tatas have shown us yet again their commitment to give back to the society through sport. We are honoured with their visionary approach and, as partners, we look forward to building a marathon legacy by providing participants across the world an extraordinary experience.”
About the Tata group
Founded by Jamsetji Tata in 1868, the Tata group is a global enterprise, headquartered in India, comprising over 100 independent operating companies. The group operates in more than 100 countries across six continents, with a mission, ‘To improve the quality of life of the communities we serve globally, through long-term stakeholder value creation based on Leadership with Trust’. Tata Sons is the principal investment holding company and promoter of Tata companies. Sixty-six percent of the equity share capital of Tata Sons is held by philanthropic trusts, which support education, health, livelihood generation and art and culture. In 2015-16, the revenue of Tata companies, taken together, was $103.51 billion. These companies collectively employ over 660,000 people. Each Tata company or enterprise operates independently under the guidance and supervision of its own board of directors and shareholders. There are 29 publicly-listed Tata enterprises with a combined market capitalization of $130.13 billion (as on March 31, 2017). Tata companies with significant scale include Tata Steel, Tata Motors, Tata Consultancy Services, Tata Power, Tata Chemicals, Tata Global Beverages, Tata Teleservices, Titan, Tata Communications and Indian Hotels.
About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™, recognized as the benchmark of excellence in software development. A part of the Tata group, India’s largest industrial conglomerate, TCS has over 385,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $17.58 billion for year ended March 31, 2017 and is listed on the BSE Limited and National Stock Exchange of India Limited. For more information, visit us at http://www.tcs.com.
For more information, contact:
Tata Consultancy Services Ltd.
Tata Consultancy Services Ltd.
SOURCE Tata Consultancy Services Limited
Enterprise 3D Printing Strengthens Position in Aerospace and Looks Set to Expand into Other Industries Over Next Ten Years
In a recent B2B technology survey, ABI Research finds that 44% of manufacturing companies currently have 3D printers in operation, however, most of these deployments are for prototyping purposes only. This is set to change over the next ten years as the Federal Aviation Administration (FAA) and the European Aviation Safety Agency (EASA) approve more 3D-printed parts for use in commercial jet engines, and additive manufacturing (AM) specialists continue to innovate for production scale implementation in other industries.
“Aerospace original equipment manufacturers (OEMs), hospitals, dentists, and their suppliers already benefit from practical 3D Printing use cases,” says Pierce Owen, Principal Analyst at ABI Research. “Now, innovation from both established and new entry specialists will create more use cases in more industries on a scale not seen before. Even if AM does not make sense for mass production, distributed manufacturing platforms that provide access to 3D printers close to end users, will empower almost all manufacturers to explore using AM for replacement parts on-demand.”
The U.S. aerospace and defense industries will make up a large chunk of AM growth over the next ten years, producing additive manufactured parts and products with a value of US$17.8 billion in 2026, due to the sheer size of the American aerospace industry and its defense budget. GE Additive and GE Aviation already 3D print fuel nozzles for the LEAP jet engines designed for the commercial aircraft of Airbus, Boeing and the Commercial Aircraft Corporation of China (Comac).
Beyond aerospace, Stratasys’s PolyJet modelling has proven particularly effective in producing anatomical models for surgical planning. Because PolyJet modelling can use multiple materials and colors, it can produce customized models with bones of the correct density and tissues with accurate vascular structures. Also, adoption will pick up in footwear, where Adidas will use Carbon’s AM systems for mid-soles in thousands of shoes and Nike will use HP’s for spikes on track and football cleats.
“While certain industries have already embraced 3D Printing technology, to have widespread appeal, other sectors will have to redesign both products and supply chains with the help of AM engineering consultants and front-line workers, and AM specialists will have to build machines that work faster and cheaper,” concludes Owen.
These findings are from ABI Research’s Enterprise 3D Printing and Distributed Manufacturing report. This report is part of the company’s Industrial Internet research service, which includes research, data, and analyst insights.
About ABI Research
ABI Research stands at the forefront of technology market intelligence, providing business leaders with comprehensive research and consulting services to help them implement informed, transformative technology decisions. Founded more than 25 years ago, the company’s global team of senior and long-tenured analysts delivers deep market data forecasts, analyses, and teardown services. ABI Research is an industry pioneer, proactively uncovering ground-breaking business cycles and publishing research 18 to 36 months in advance of other organizations. For more information, visit www.abiresearch.com.
SOURCE ABI Research
Thailand’s TCP Group targets to triple sales to US$3 billion in five years
TCP Group, the Thai owner, manufacturer, and distributor of Red Bull, Ready, Sponsor, Som Plus, Mansome, and Puriku beverages as well as Sun Snack snacks, today, announced that it has launched a massive, five-year organisational transformation programme aimed at making the group into one of Thailand’s most admired enterprises and tripling annual sales to US$3 billion.
Mr. Saravoot Yoovidhya, Chief Executive Officer, TCP Group, said, “What we manufacture in Thailandgoes into more than 10 billion cans of beverages consumed in more than 170 countries around the world. We will invest US$300 million as part of a five-year programme to strengthen our group’s capabilities. As an owner of the world’s first truly global Thai brand, Red Bull, we carry the Thai flag on the world stage. The size of our investment reflects the seriousness of our commitment to make TCP Group an enterprise that can bring honour to Thailand in the global arena.”
He said, “The investment programme is comprised of three main initiatives; namely, strengthening our management and staff capabilities, expanding and enhancing our manufacturing capacity and R&D capabilities, and growing our on-the-ground presence in other countries. Our new corporate identity, which we are also proudly unveiling today, represents the excitement with which our group looks to the future.”
Mr. Saravoot said, “We are enrolling the finest managerial talent and creating a high performance culture that blends Thai culture with the best of global practices. Many of our leadership team have learnt global best practices as senior executives in multinational fast-moving-consumer-goods companies and they are now applying their skills to building a Thai company and Thai brands. Their skills, combined with the exceptional track-record of our long-standing leaders, will further strengthen our organisation.”
TCP Group has total production capacity of over one billion (1,000 million) litres per year with plants in Thailand, Indonesia, Vietnam, and China.
Mr. Saravoot said, “In the next five years, we will open at least one new office or plant in a country, every year. We aim to make TCP Group a powerful ‘house of brands’, and having a local office in other countries helps the group better understand the needs, habits, and preferences of local consumers and to develop products that can even better meet their particular needs.”
“It’s in our DNA to invest for the long-term and try what’s never been done before, whether it be in product formulation or marketing or in terms of business models,” he added.
“We have a truly extraordinary opportunity to put a Thai company on the global map and we believe the time is now to make this major investment and leap to the future,” Mr. Saravoot said.
TCP Group is comprised of T.C. Pharmaceutical Industries Co., Ltd., which is the primary manufacturer of group products, The Red Bull Beverage Co., Ltd., which handles marketing and sales of group products, T.G. Vending and Showcase Industries Co., Ltd., which owns and operates vending machines for group and other products, and Durbell Co., Ltd., which distributes group products as well as other brands.
Consolidated TCP Group sales is forecast to reach US$900 million for the full year ending 31 December 2017, with around US$600 million in exports.
Bangkok Public Relations Ltd.: P.Pachanapreeda +662-664-9500 ext114
SOURCE TCP Group
ASSA ABLOY Acquires SMI in India
ASSA ABLOY has acquired SMI (Shree Mahavir Metalcraft), a leading OEM manufacturer of architectural hardware in India.
“I am very pleased to welcome SMI into the ASSA ABLOY Group. The acquisition of SMI delivers on our strategy to grow our presence in emerging markets”, says Johan Molin, President and CEO of ASSA ABLOY.
“SMI is an attractive addition to the Asia Pacific division and reinforces our position in the India market. The acquisition offers the potential to develop market specific competitive products and complements our existing Indian business”, says Magnus Kagevik, Executive Vice President of ASSA ABLOY and Head of Division Asia Pacific.
SMI was established in 1984. It is headquartered in Jamnagar, West coast of India and has some 960 employees.
Sales for 2017 are expected to reach INR 1,080 million (approx. SEK 140 million) and the acquisition will be accretive to EPS from start.
For more information, please contact:
Johan Molin, President and CEO, tel. no: +46-8-506-485-42
Carolina Dybeck Happe, CFO and Executive Vice President, tel. no: +46-8-506-485-72
About ASSA ABLOY
ASSA ABLOY is the global leader in door opening solutions, dedicated to satisfying end user needs for security, safety and convenience. Since its formation in 1994, ASSA ABLOY has grown from a regional company into an international group with about 47,000 employees, operations in more than 70 countries and sales of SEK 71 billion. In the fast-growing electromechanical security segment, the Group has a leading position in areas such as access control, identification technology, entrance automation and hotel security.
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
Press release (PDF)
SOURCE ASSA ABLOY
HOYA Corporation Completes Acquisition of Performance Optics, LLC
HOYA Vision Care is a strong global partner for the Eyecare Industry and its Customers
HOYA Corporation (HOYA) today announced the completion of the acquisition of Performance Optics, LLC (Performance Optics), including its subsidiaries VISION EASE and Daemyung Optical. Performance Optics is a global ophthalmic lens manufacturer specializing in polycarbonate, photochromic, polarized and high index eyeglass lenses. The acquisition complements the HOYA Life Care portfolio, further expanding both HOYA‘s geographic reach and product offering for its HOYA Vision Care division.
“In everything we do, we focus on the needs and challenges of Eyecare and Industry Professionals. We are a true partner, helping them to distinguish themselves from the competition by bringing value to their businesses, instead of acting as their competitor” said Girts Cimermans, CEO of HOYA Vision Care. “Performance Optics provides HOYA with additional capabilities and offerings in polycarbonate, photochromic and polarized lens technologies, and expands our global footprint in high index lens casting. This strengthens our position as a global technology leader and offers more Eyecare and Industry Professionals the sales and marketing support they want and need.”
Performance Optics is a global eyeglass lens manufacturing company employing over 2,000 people around the world. With manufacturing facilities in the United States, South Korea, China, Thailand and Indonesia, Performance Optics serves the global needs of eyewear customers. “Performance Optics’ subsidiaries, VISION EASE and Daemyung Optical, have capabilities and cultures of innovation, quality and service that strongly complement HOYA’s footprint and long-standing reputation in the eyewear industry,” said John Weber, CEO of Performance Optics. “By joining forces, we will better meet our customers’ global needs across geographies.”
“The closing of the Performance Optics acquisition is another key milestone for our Life Care segment,” said Augustine Yee, Chief Legal Officer and Global Head of Corporate Development and Affairs at HOYA Corporation. “Performance Optics will now join HOYA Vision Care in their efforts to promote and support Eyecare and Industry Professionals with high-quality products, service and support. We also look forward to augmenting our global research & development capabilities with the creation of a new technology center of excellence outside of Thailand and Japan.”
Founded in 1941 in Tokyo, Japan, Hoya is a global technology and med-tech company, and a leading supplier of innovative high-tech and medical products. Hoya is active in the fields of healthcare and information technology, providing eyeglasses, medical endoscopes, intraocular lenses, optical lenses, as well as key components for semiconductor devices, LCD panels and HDDs. With over 150 offices and subsidiaries worldwide, Hoya currently employs a multinational workforce of over 36,000 people. For more information, please visit http://www.hoya.com.
About HOYA Vision Care
For over 60 years, HOYA Vision Care has been a global leader in the eyeglass lens business. With a presence in over 50 countries, Hoya Vision Care has a proven expertise in lens designs and freeform surfacing technology combined with a leading position in high performance, quality AR coating. HOYA Vision Care’s solid market portfolio includes SEIKO and PENTAX optical lenses, as well as innovative products such as Yuniku, the world’s first vision-centric, 3D tailored eyewear. The company employs over 16,000 employees worldwide with mass production facilities in Asia & Europe and over 40 local Rx laboratories globally.
About Performance Optics, LLC
Performance Optics, LLC is a portfolio company of Wind Point Partners that is focused on optical company investments. It comprises ophthalmic lens manufacturers VISION EASE and Daemyung Optical Co. Ltd., and includes production facilities in the United States, Thailand, Indonesia, South Korea and China.
VISION EASE is a global ophthalmic lens marketer and manufacturer offering lenses that are now industry standards – including polycarbonate, photochromic and polarized lenses.
Daemyung Optical Co., Ltd. is the second largest optical lens manufacturer in Korea and specializes in high-index plastic lenses.
Investors and security holders may obtain additional information and other documents regarding the acquisition, filed by the Company with the Tokyo Stock Exchange, for free at http://www.hoya.com.
SOURCE HOYA Vision Care
CONTACT: For more information: Ms. Diana Kronhart, Global Marketing Communications Manager, E-mail: email@example.com Mobile: +31 6 27058706
Dianrong Announces Series D Round Funding of US$220 Million
Dianrong today announced Series D round funding of US$220 million from leading global investment funds. This latest funding was led by GIC Private Limited, Singapore’s sovereign wealth fund, along with CMIG Leasing, Simone Investment Managers, and other institutional and individual investors.
In 2015, Dianrong completed its Series C round funding of US$207 million from Standard Chartered Private Equity, China Fintech Fund, Tiger Global Management, and Bohai Leasing.
Soul Htite, Founder and CEO of Dianrong, said, “We are humbled and honored to welcome GIC, CMIG Leasing, and Simone Investment Managers, to the Dianrong family. The addition of these distinguished global investors not only validates our past successes, but reinforces our commitment to ‘The New Finance’, which applies fintech to deliver greater financial freedom to Chinese families and small businesses. This latest capital injection will help us expand and accelerate these efforts and further drive sustainable and profitable business growth.”
Kevin Guo, Founder and Co-CEO of Dianrong, said, “Dianrong’s success to date stems from great technology and talented employees, as well as investors who share our fintech vision and encourage us every day to innovate and lead. Adding world-class investors like GIC, CMIG Leasing and Simone ensures we will continue to be a catalyst for positive change within China’s fintech market and beyond.”
Tang Min, President of CM International Financial Leasing Co., Ltd, said, “Dianrong’s commitment to technology, transparency and compliance makes it a trusted partner and the right investment for us. CMIG Leasing was impressed by the company’s achievements in fintech and their perfect utilization in the lending business. We believe that the combination of fintech developed by Dianrong and the leasing business will create more value for both industries. We’re delighted to be a part of Dianrong’s future.”
Dianrong recently announced the acquisition of the asset-generation operations of Quark Finance, which tripled the company’s local footprint across China. Earlier this year, Dianrong also launched Chained Finance, the first-ever blockchain platform for supply-chain finance developed in partnership with FnConn, a subsidiary of Foxconn Technology Group.
Dianrong, a leader in online marketplace lending in China, originates US$500 million in monthly assets for 4 million retail lenders. Founded in 2012, Dianrong offers individuals and small and medium-sized enterprises a comprehensive, one-stop financial platform supported by industry-leading technology, compliance and transparency. The company’s sophisticated and flexible infrastructure enables it to design and customize lending and borrowing products and services, based on industry-specific data and insights, all supported by online risk-management and operation tools. Dianrong’s specific offerings include loan originations, investment products and marketplace lending solutions. Dianrong was also named in 2016 to the executive directorship of the National Internet Finance Association of China, led by the People’s Bank of China. Based in Shanghai, Dianrong has 28 offices across China and employs approximately 3,500 professionals, including 600 full-time fintech engineers. For more information, please visit www.dianrong.com/en.
About GIC Private Limited
GIC is a leading global investment firm with well over US$100 billion in assets under management. Established in 1981 to secure the financial future of Singapore, the firm manages Singapore’s foreign reserves. A disciplined long-term value investor, GIC is uniquely positioned for investments across a wide range of asset classes, including real estate, private equity, equities and fixed income. GIC has investments in over 40 countries and has been investing in emerging markets for more than two decades. Headquartered in Singapore, GIC employs over 1,400 people across 10 offices in key financial cities worldwide. For more information about GIC, please visit www.gic.com.sg.
About CMIG Leasing Holdings Limited
CMIG Leasing Group is a global leasing group registered in the Tianjin Pilot Free Trade Zone, with registered capital of RMB15 billion yuan in the first phase. The company, with offices in Hong Kong, Tianjin, Shanghai and Ireland, focuses on aviation, port logistics, health care and clean energy. For more information, please visit www.cm-inv.com/en/Leasing/index.htm.
About Simone Investment Managers
Simone Investment Managers is one of Korea’s leading privately-placed fund management companies, specializing in real estate and alternative assets. The company’s strategy is to combine stable financial support from its controlling shareholder and investment professionals. For more information, please visit www.simonefg.co.kr/en.
CONTACT: Dianrong – Michael Hanretta, +86 137 6176 8396, firstname.lastname@example.org ; Lucy Liu, +86 186 0213 0723, email@example.com ; GIC Private Limited – Jennifer Lewis, +65 6889 8383, firstname.lastname@example.org ; Mah Lay Choon, +65 6889 6841, email@example.com ; CMIG Leasing Holdings Limited – Yang Liu Han, +86 136 1136 1831, firstname.lastname@example.org ; Simone Investment Management – Michael Park, +82 10 3257 6888, email@example.com
Plenary keynotes from leading authorities confirmed; Medtec 2017 onsite Conference highlights released
As one of the world’s leading advanced medical device design and manufacturing exhibitions, Medtec China 2017 will take place on the 20-22 September 2017 at China’s Shanghai World Expo Exhibition and Convention Centre. The Medtec China 2017 onsite conferences will continue to adhere to the principle of “Professional, authoritative, and rich” to present a series of medical innovation meetings and activities. Conference registration is underway. To register or discover more, please click here.
Speakers from SFDA and CCCMHPIE attend Medtec China 2017 to explore regulatory updates in China, the US and the EU
The “MDiT Forum and Regulation Summit 2017” is always concerned with Regulations, Quality and Technology and presenters will continue to focus on these very three themes. The “Regulation Track A: Chinese Regulatory Updates and Compliance” event has invited Hong Qian, the chief reviewer of Medical Device Registration Department of Shanghai Food and Drug Administration Certification and Evaluation Center, to present on the medical device industry status and the regulation updates; The “Regulation Track B — Situation Analysis of Medical Device Foreign Trade and Overseas Market Access Strategy” event will be convened by the CCCMHPIE as co-organizer. Tianzhi Cai, Deputy Secretary-General and Director of Medical Devices Division, will give a speech about Analysis on the Overall Situation of Import and Export of Medical Devices and Analysis of Main Foreign Trade. The NAMSA BPMDS Symposium will continue to invite experts to analyse the latest changes of regulations and implementation progress in the European and American markets.
FDA officer in first official introduction about MDSAP at Medtec China
By participating in the MDSAP pilot project, medical device manufacturers are able to enter multiple markets with a single Inspection. William M. Sutton (FDA Assistant Country Director of China) has been invited to introduce issues related to MDSAP and QMS Improvement at the Quality Forum. He will also offer Q & A opportunities in a special spot.
Two technical conferences in strong return; focus on implantable and interventional medical devices and medical combination
The 6th IIMD China Summit (Implantable and Interventional Medical Device) takes place again this year. Topics includes: Import substitution processes for interventional medical devices and development analysis of main products; Natural polymer materials for orthopaedic implants; Metal 3D printing materials; Application and development of bone defect repair material in orthopedic implantations; and the Research and development, application and processing of fully biodegradable Scaffolds (BDS) in coronary therapy. This year’s Technology Track B: Technology & Development of Combination Product — will explore more technology information related to drug-device combination products. Xiaoming Feng, Director of Division of Standardization & Science Research, Institute for Medical Devices Control, National Institutes for Food and Drug control (NIFDC), will deliver an impressive speech entitled “Correlation techniques for drug-device combination product”.
Leading the industry with advanced manufacturing technology; free-of-charge events with rich content during the show period
This year Medtec continues to join hands with ASQ to organise the “Quality Control and Management in Manufacturing“, and explore how to use supplier-managed quality information systems, how to implement full life cycle quality management and control from the point of view of design, manufacturing and inspection, and the feasibility of BFR non-contact measurement by nickel-titanium alloy equipment for absolute flame temperature tests, among others, in order to offer strategies to RA/QA/QC engineers about how to respond to the rapid development and requirements of quality control systems.
In addition, Medtec China will also continue its previous popular conference “Medical Device Design” and create “Medical Device Packaging and Sterilization Technology,” “Processing Techniques of Medical Plastics and Product Innovation,” and “Electronic Medical” events to explore the medical device design concept, and manufacturing technology and development trends.
Medtec China will continue to organize free forums and events regarding overseas market analysis, new technology presentations and quality side events, including the Siemens lecture Hall that will talk about Digital Enterprise for Medical Devices from Siemens PLM Software, and the Purchasing and communication meeting from Shanghai MicroPort.
To obtain more information, please visit the Medtec China official website: www.medtecchina.com.
Visit\Conference \Media Contact:
T: +86 10 5765 2823
BasalogOne™: New Diabetes Solution From Abdi İbrahim Pharmaceuticals & Biocon Limited
Leader of the Turkish pharmaceutical industry Abdi İbrahim, which has established Abdi İbrahim Remede Pharma (AİRP) in Algeria, continues its activities in the region at full speed. Having put into effect the most up-to-date plant investment in the country, Abdi İbrahim collaborated with Biocon, the leading biopharmaceutical company of the region, to launch the first biosimilar product in Algeria, an insulin market worth 300 million-USD. BasalogOne™ is a type of basal insulin which provides an efficacious and safe control of the blood sugar level for a period of 24 hours with no salient peaks. The product is administered once daily subcutaneously to adult patients with type 2 diabetes needing long-acting insulin for hyperglycemia control, adults with Type 1 diabetes, and 6+ pediatric patients.
Pursuing the goal to rank among the top 10 pharmaceutical companies of Algeria in 2020, Abdi İbrahim kicked off the marketing and sales of the new biosimilar product BasalogOne™ upon collaboration with Biocon. BasalogOne™, which is administered subcutaneously and maintains its efficacy for a full day, helps control insulin levels without any peaks in the blood sugar level. The product is available for children older than 6, and adults with type 1 and type 2 diabetes.
Abdi İbrahim Remede Pharma (AİRP) held product launch meetings in 3 metropolitan cities of Algeria; namely, Constantine, Oran and Algiers. Present during the event were 100 physicians who were updated about the Algerian diabetes market and BasalogOne™.
In Algeria, the number of diabetes patients reaches 3 million approximately. In 2016, the cost of diabetes products alone surpassed 400 million USD, 300 million USD of which is insulin products used in the treatment of 600.000 patients.
What is diabetes?
Diabetes is a chronic disease that develops in case the pancreas fails to secrete adequate levels of insulin hormone in the body or is unable to use the insulin hormone effectively. The insulin hormone is necessary to transfer sugar from the blood to the cells to be transformed into energy in the body. The global prevalence of diabetes is 415 million patients based on 2015 data. In 2040, this is expected to reach 642 million people. The budget spent for diabetes treatment is 670 billion USD today, while in 2040, it is expected to exceed 800 billion USD.
SOURCE Abdi Ibrahim Remede Pharma
CONTACT: Media Contact: Mrs. Esra Erdinc, firstname.lastname@example.org, tr – +90-535-384-71-73
Adobe Partners with Ministry of Tourism, Republic of Indonesia, to Meet Growing Visitor Demand
Ministry of Tourism (MoT), Republic of Indonesia, has partnered with Adobe to elevate the country’s tourism industry and deliver exceptional experiences for visitors. By leveraging Adobe Experience Cloud, the ministry aims to broaden its reach, connect with travelers better, and improve its competitiveness in the region. Adobe Experience Cloud is the leading platform for digital marketing and will help the ministry achieve key objectives that will further raise Indonesia’s profile as a destination of choice.
The partnership rides on the rising tide of Indonesian tourism, and MoT aims to capitalize on this growth. In 2016, the country registered 12 million foreign tourist arrivals — a 15.5 percent increase from the year before. This year, the ministry expects 15 million foreign visitors and projects 20 million by 2019.
“Indonesia is a wonderful destination with so much to offer. We are known for our magnificent islands, pristine beaches and traditional cultures, yet there is so much more to be discovered. It is important for us to reinvent the way we tell our stories, and continually promote new destinations and activities to our audiences coming from all parts of the world, and Adobe has shown us just how that can be done. The partnership with Adobe will help us connect with our visitors more effectively, better understand their preferences, and be able to customize the experience for them accordingly,” said Mr. Arief Yahya, Minister of Tourism, Republic of Indonesia.
In line with the ministry’s “Go Digital” theme for 2017, Adobe’s cloud platform will help drive its digital transformation strategy and connect with today’s digital-savvy travelers. One of the critical tools that will help ensure success is Livefyre, part of Adobe Experience Manager. Livefyre will allow the ministry to tap into the power of user-generated content, with the ability to sieve through billions of social posts created by tourists every day, for a constant fresh flow of authentic tourist experiences to share with global audiences. In parallel, Adobe Analytics will provide in-depth analysis of web traffic and visitors to offer insights for targeting and attracting new visitors.
Another strategic initiative is to strengthen the ministry’s network and reach by establishing an alliance with major airlines. By partnering with Adobe, not only does the ministry gain access to Adobe’s network of airline partners, it also puts itself on the common Adobe Experience Cloud platform that will better facilitate future exchanges of customer segment data between the alliance members. Adobe Audience Manager, on the other hand, will also help identify valuable customer segments to create targeted tourism campaigns. In the first year of the partnership, the ministry aims to sign on 10 airlines partners, including Garuda Indonesia, and Air Asia for a start.
“Travelers now expect much more from the destinations they visit. Thanks to the power of the Internet and social media, consumers are empowered with more information than ever before, and with that, an appetite for more personalized experiences. Today, digital experiences are as important as physical ones, and it’s imperative to make sure it is seamless across all touchpoints. The tourism industry must evolve by offering fresh, targeted content to a wider segmentation of audience, in shorter turnaround times, and Adobe is excited to be working with the Indonesian Ministry of Tourism in this landmark effort to ensure every tourist visiting Indonesia gets the best possible experience,” said Tony Katsabaris, APAC Managing Director of Public Sector for Adobe.
 Indonesia targets tourism growth to boost revenue, The Straits Times, April 2017.
About Adobe Experience Cloud
Adobe Experience Cloud is a comprehensive set of cloud services designed to give enterprises everything needed to deliver exceptional customer experiences. Comprised of Adobe Marketing Cloud, Adobe Advertising Cloud and Adobe Analytics Cloud, Experience Cloud is built on the Adobe Cloud Platform and integrated with Adobe Creative Cloud and Document Cloud. Leveraging Adobe Sensei’s machine learning and artificial intelligence capabilities, Adobe Experience Cloud combines world-class solutions, a complete extensive platform, comprehensive data and content systems, and a robust partner ecosystem that offer an unmatched expertise in experience delivery.
Adobe is changing the world through digital experiences. For more information, visit www.adobe.com/sea. Information and news on Adobe Southeast Asia can also be found on the official Facebook page (http://www.facebook.com/AdobeSEA).
© 2017 Adobe Systems Incorporated. All rights reserved. Adobe and the Adobe logo are either registered trademarks or trademarks of Adobe Systems Incorporated in the United States and/or other countries. All other trademarks are the property of their respective owners.
Adobe Systems Incorporated
+65 6511 9959
Jamie Tan/Emelyne Sng
Text100 for Adobe
+65 6603 9000
SOURCE Adobe Systems Incorporated
IMA Announces Record Growth in CMA Program – J&J and Ping An Recipients of Annual Awards
IMA® (Institute of Management Accountants) is proud to announce record-breaking growth for its CMA® (Certified Management Accountant) program during the fiscal year ending June 30, 2017. The total number of CMA candidates grew by 40 percent to a record high of 41,000. This expansion of the program has contributed to a 21 percent compound annual growth rate of the CMA candidate pipeline over the last five years. Additionally, IMA’s total membership increased by 11 percent, bringing it to the 90,000 mark, and putting the organization on track to reach 100,000 members by its 100th anniversary in 2019.
“This growth represents the tremendous commitment that our volunteers, partners and staff make to support the profession, as well as the commitment our members make to advance their careers,” said Jeff Thomson, CMA, CAE, IMA President and CEO. “We’re extremely proud of the success we’ve achieved and we look forward to reaching more milestones as we approach our 100th anniversary.”
According to Thomson, IMA’s continued focus on growing with confidence and integrity, and a strong balance sheet grounded in financial discipline enabled it to invest in the multi-million-dollar ‘You’ve Got to Earn It’ ad campaign. The integrated campaign resulted in 26,000 new leads for the CMA program. IMA also celebrated the 10th year of the Chinese language version of the CMA exam, as well as double-digit growth (29 percent) of new CMA candidates in the U.S.
To honor those who have supported the CMA’s success, ICMA® (Institute of Certified Management Accountants), the certification division of IMA, announced the recipients of its top honors during its 2017 Annual Conference & Expo in Denver last month. Ping An Insurance of China and Johnson & Johnson were both awarded for their dedication to the CMA program.
Ping An Insurance of China, an integrated financial services conglomerate headquartered in Shenzhen, was named the recipient of this year’s Bulloch Award. The award recognizes the organization’s outstanding sponsorship, encouragement, and support of the CMA program. The award is in honor of James Bulloch, ICMA’s first Managing Director, who helped create the original CMA framework and program standards.
Johnson & Johnson, a multinational medical devices, pharmaceutical and consumer packaged goods manufacturer, was presented with this year’s ICMA Board of Regents Corporate Recognition Award. This award recognizes an organization’s long-standing support and encouragement of the CMA program for their finance staff.
“At Johnson & Johnson, we have a very well-defined approach to developing great business leaders with financial expertise that includes building capabilities through multiple essential business experiences. Certification is an important part of that approach,” said Ronald A, Kapusta, CMA, CFM, Corporate Controller and Chief Accounting Officer, Johnson & Johnson. “The CMA is a great way to develop and enhance accounting and finance knowledge including both technical and decision support skills, prepare associates for greater on-the-job responsibility and advancement potential, demonstrate commitment to personal development and ultimately help build professional credibility and trust.”
About IMA® (Institute of Management Accountants)
IMA, the association of accountants and financial professionals in business, is one of the largest and most respected associations focused exclusively on advancing the management accounting profession. Globally, IMA supports the profession through research, the CMA® (Certified Management Accountant) program, continuing education, networking and advocacy of the highest ethical business practices. IMA has a global network of more than 85,000 members in 140 countries and 300 professional and student chapters. Headquartered in Montvale, N.J., USA, IMA provides localized services through its four global regions: The Americas, Asia/Pacific, Europe and Middle East/India. For more information about IMA, please visit http://www.imanet.org.
In India, IMA works with Miles Professional Education (Miles), IMA platinum-approved review provider and John Wiley and Sons, Inc. (Wiley), publisher of the CMA Learning System.
Institute of Management Accountants (IMA)
SOURCE IMA (Institute of Management Accountants)
US-India Strategic Partnership Forum Launched to Further Enhance Relationship Between Two Countries
Today marks the official launch of the US-India Strategic Partnership Forum (USISPF), a nonprofit corporation focused on stimulating business relations between the U.S. and India, and enhancing the strategic relationship between the two countries. India’s Finance and Defense Minister Arun Jaitley will officially unveil the new organization at a launch event this evening in New Delhi.
USISPF is committed to creating the most powerful strategic partnership between the U.S. and India. Promoting bilateral trade is an important part of USISPF’s work, but USISPF’s mission reaches far beyond this. It is about business and government coming together in new ways to create meaningful opportunities that have the power to change the lives of citizens. We are entering a new era based on a strategic partnership between the U.S. and India – one where we will work closely together with business and government leaders to achieve our goals of driving economic growth, job creation, innovation, inclusion, and entrepreneurship.
USISPF’s leadership and Board have been carefully selected based on their unique expertise and strong government and business relationships in both the U.S. and India. Mukesh Aghi will lead USISPF as President and Gaurav Verma will serve as Chief Operating Officer. USISPF’s Board of Directors will include Chairman John Chambers (Executive Chairman, Cisco), Vice-Chairs Punit Renjen (Global CEO, Deloitte LLP) and Edward Monser (President, Emerson Electric), and Board Members Indra Nooyi (Chairman & CEO, PepsiCo), Ajay Banga (President & CEO, MasterCard), Ambassador Susan Esserman (Partner, Steptoe & Johnson), Secretary William Cohen (Chairman & CEO, The Cohen Group), Purna Saggurti (Chairman of Global Corporate & Investment Banking, Bank of America Merrill Lynch), and Ambassador Frank Wisner (International Affairs Advisor, Squire Patton Boggs).
“Following the success of Prime Minister Narendra Modi and President Trump’s meetings in the U.S. in June 2017, I am incredibly confident about the powerful partnership between the U.S. and India – which is one that I believe can serve as a model for the rest of the world,” said John Chambers, Chairman of USISPF. “Our two countries will be able to make great strides in the months and years to come, and USISPF is honored to be a part of this exciting future.”
“The launch of USISPF represents a new chapter in the U.S.-India relationship,” said Mukesh Aghi, President of USISPF. “We are confident that we will be able to elevate the U.S.-India partnership to new heights by prioritizing mutual opportunities that will benefit businesses, governments, and citizens in both countries.”
For more information about USISPF, including membership inquiries, please email us at contact@USISPF.org.
About the US-India Strategic Partnership Forum (USISPF):
USISPF was established in 2017 by a group of industry leaders in both countries who are committed to creating a powerful strategic partnership between the U.S. and India. A non-profit organization, USISPF is focused on driving economic growth, job creation, innovation, inclusion, and entrepreneurship in the U.S. and India. USISPF has a strong presence in the U.S. and India, including in New York, Washington DC, Silicon Valley, Mumbai and New Delhi.
Contact: Mukesh Aghi, 202-706-4346, maghi@USISPF.org
SOURCE US-India Strategic Partnership Forum (USISPF)
French Multinational Bank Appoints AxiomSL for HKMA and MAS Regulatory Reporting Solutions
AxiomSL, the global leader in regulatory reporting, data and risk management solutions has been appointed by the Asia-Pacific(APAC) headquarters of a leading French multinational bank to implement its enterprise data management platform. AxiomSL’s platform will integrate and enrich the bank’s existing data architecture to comply with Hong Kong Monetary Authority (HKMA) mandate MA (BS) 1 and Monetary Authority of Singapore (MAS) mandate 610. Earlier this year, AxiomSL was appointed by the French bank in New York for regulatory reporting to the Federal Reserve. This will be the third major French bank that has chosen AxiomSL as its preferred regulatory solutions provider globally.
AxiomSL’s data agnostic enterprise data management platform empowers global financial institutions to tackle complex, mission-critical data integration, risk management and regulatory reporting challenges. The enterprise-wide approach enables firms to shift their focus from tactical level compliance to macro-level supervision. This will result in meaningful business insights that will facilitate senior management in making decisions that translates into commercial value and operational efficiencies.
Peter Tierney, APAC CEO, AxiomSL said, “We are delighted to be expanding our relationship as the banks’ preferred strategic enterprise data management partner. With cost cutting measures in place and firms coming under intense scrutiny by the regulators, there is an urgent need to rethink how regulatory reporting is conducted. Firms need to shift their regulatory reporting focus from a short term, tactical and compliance-date driven approach to a macro approach that looks at regulatory data management as a strategic function. In addition to regular reporting submissions to the regulator, firms must anticipate the supervisory questions and clarifications these submissions will inevitably generate. A flexible and modular regulatory data management solution is required that enables firms to meet shifting local and global regulatory and supervisory needs. As this new client has discovered, AxiomSL’s data agnostic platform provides just this. We have seen positive growth in APAC and our recent senior appointments ensure that we continue to bring deep industry expertise to deliver the best regulatory solutions to our clients.”
In order to service the expanding client base and support its growing footprint across APAC, AxiomSL announced two senior leadership appointments earlier this year: APAC CEO Peter Tierney and Country Manager for Australia Andrew Wood. AxiomSL established its APAC presence in 2010 and expanded its operations across Hong Kong, Singapore and Sydney. The platform has since been used by global systemically important banks (G-SIBs) in the region to comply with main regulatory requirements such as FATCA, CRS, IFRS 9, regional liquidity coverage ratio, shareholding disclosure and central bank reporting.
+65 6221 7310
+65 3159 1055 Ext. 648
AxiomSL is the leading global provider of regulatory reporting, data and risk management solutions for financial services firms, including banks, broker dealers, asset managers and insurance companies. Its unique enterprise data management (EDM) platform delivers data lineage, risk aggregation, analytics, workflow automation, validation and audit functionality.
The AxiomSL platform for change seamlessly integrates clients’ source data from disparate systems and geographical locations without forcing data conversion. It enriches and validates the data, and runs it through risk and regulatory calculations to produce both internal and external reports. The platform supports disclosures in multiple formats, including XBRL. The unparalleled transparency offered by the high-performance platform gives users the ability to drill down on their data to any level of granularity.
AxiomSL’s platform supports compliance with a wide range of global and local regulations, including the Dodd-Frank Act — CCAR, Basel III capital and liquidity requirements, IFRS 9/CECL, FATCA/CRS, EMIR, FDSF, BCBS 239, Solvency II, AIFMD, central bank disclosures, and both market and credit risk management requirements. The enterprise-wide approach offered by AxiomSL enables clients to leverage their existing data and risk management infrastructure, and reduces implementation costs, time to market and complexity.
AxiomSL was awarded The Asian Banker’s 2016 “Best Compliance Risk Technology Implementation of the Year” as well as “Best Implementation at a Sell-side Firm” for the second year running for the 2017 Sell-side Technology Awards. It was voted Best Reporting System Provider in the 2015 Waters Rankings and was highlighted as a ‘Category Leader’ by Chartis Research in its 2015 Sell-side Risk Management Technology report. The company’s work has also been recognized through a number of other accolades, including success in the Best Reporting Initiative category of the American Financial Technology Awards and in the Customer Satisfaction section of the Chartis RiskTech100 rankings.
Leading Technology Expo, CONTENT TOKYO 2017 concluded with success
From June 28 to 30, 2017, CONTENT TOKYO 2017 was held at Tokyo Big Sight, Japan. 1,418 exhibitors, 38,746 trade visitors from 36 counties/regions, 10,335 conference attendees and 397 press visitors gathered at the event.
Content Tokyo consists of 7 exhibitions, specialising in VR/AR, entertainment content creation, distribution, licensing, interactive technology, service and marketing. As content business is changing and content such as TV/films, games, books, music, apps, web and mobile are becoming borderless, Content Tokyo is unique in providing comprehensive platform to find new partners and inspiration for future business.
Excerpts of exhibitions and feedbacks
At 3rd Advanced Content Technology Expo, the latest technologies such as interactive technologies, robotics technologies, 3D printers, etc. were introduced. One of the main highlights this year was 1stVR/AR World, showcasing the latest VR/AR technologies.
The next edition’s title will change to Advanced Digital Technologies Expo and VR/AR World would be VR/AR/MR World to focus on related digital and interactive technologies.
“We recognised augmented reality and mixed reality are good technologies for Japanese big enterprises. Of course I have secured a booth for next year.”
– WEAR S.R.L., Italy
LICENSING JAPAN is Japan’s LARGEST trade show for character & brand licensing business. The key feature of this show was the huge range of properties. From major Japanese characters such as DETECTIVE CONAN, Rirakkuma, Monchichi and Puyo Puyo, to Brands & Arts were also gathered such as GUNS N’ ROSES, Peter MacArthur, HANSHIN Tigers, Autombili Lamborgini and Christian Riese Lassen.
“We had meetings with merchandisers of stationary and toys and license agents. We will continue exhibiting LICENSING JAPAN and expand business in Japan.
-Gyeonggi Content Agency (GCA), Korea
About next edition
CONTENT TOKYO 2018 would be 1.5 times as large as 2017 edition!
Dates: April 4 (Wed) – 6 (Fri) ,2018
Venue: Tokyo Big Sight, Japan
Organised by: Reed Exhibitions Japan Ltd.
Most of the 2018 exhibit spaces have already been booked during the show. Therefore, the entire show is expected to be sold out earlier. For those who are considering exhibiting at the next show, immediate booth reservation is encouraged to secure the spaces. If you are interested in exhibiting, contact Show Management.
Reed Exhibitions Japan Ltd. / CONTENT TOKYO Show Management
18F Shinjuku-Nomura Bldg., 1-26-2 Nishishinjuku, Shinjuku-ku, Tokyo 163-0570, Japan
Tel: +81-3-3349-8507 Email: email@example.com
SOURCE Reed Exhibitions Japan Ltd.
Tai O Heritage Hotel Hong Kong wins four titles at the International Hotel Award 2017/18
Tai O Heritage Hotel Hong Kong has received 4 titles at the International Hotel Awards 2017/18. These include: ‘Hong Kong’s Best Small Hotel 2017/18′, ‘Hong Kong Best Classic Heritage Hotel 2017/18’, ‘International Five Stars Hotel 2017/18’ and in particular, Tai O Heritage Hotel is fortunate to be the regional winner of the ‘Asia Pacific’s Best Small Hotel 2017/18′, being the only hotel in Asia Pacific to receive this award title.
These prestigious honors were presented in the International Hotel Awards – Asia Pacific Award Ceremony 2017/18 that took place on 25th and 26th May at The Bangkok Marriott Marquis Queen’s Park in Thailand.
“These achievements would not have been possible without the wholehearted support given by the Tai O Villagers, the Lantau Community, the Hong Kong Government, the former Tai O Police Station Marine Officers and each & every visitors that we received throughout these five years. All these drive us together in continuously making genuine commitment to preserve local cultural heritage and promoting sustainable tourism for Hong Kong,” said Mr. Daryl Ng JP, Director of Hong Kong Heritage Conservation Foundation Limited.
Initiated and operated as a non-profit social enterprise by Hong Kong Heritage Conservation Foundation Limited (HCF), Tai O Heritage Hotel Hong Kong is under Batch I of Hong Kong SAR Government Development Bureau’s ‘Revitalizing Historic Buildings through Partnership Scheme’. Graded as a Grade II historic building by Hong Kong Antiquities Advisory Board in 2010, the 115-year-old colonial architecture had been transformed successfully from the Old Tai O Police Station to a nine-room heritage boutique hotel surrounded by lush greenery.
Tai O Heritage Hotel has received more than a million visitors and guests since it opened its door five years ago. By conserving the building of the Old Tai O Police Station and participating more than 100 community events, the Hotel not only strives to preserve the unique fishing village scenes and livelihood, but also works with the local community to turn Tai O into a popular ecotourism destination. Tai O Heritage Hotel has gradually become one key member of the Tai O community, providing employment opportunities for Tai O and Lantau residents. To mark its 5th anniversary, the Hotel is organizing a series of celebration programmes for Hong Kong citizens and tourists from overseas, through which the Hotel hopes to encourage continued support for heritage conservation and revitalization of Tai O.
The Hotel has won the Award of Merit at UNESCO 2013 Asia-Pacific Cultural Heritage Awards and has been voted as ‘Asia’s Leading Heritage Hotel 2016′ in World Travel Awards™.
About Tai O Heritage Hotel Hong Kong (www.taioheritagehotel.com)
Tai O Heritage Hotel, graded as a Grade II historic building by the Antiquities Advisory Board, was revitalised from the old Tai O Police Station, a history-steeped building dating back to 1902. It is now home to nine colonial-style rooms, a Heritage Interpretation Centre and a glass-roofed open-view restaurant Tai O Lookout. Since its opening in 2012, the Hotel has received over one million visitors. As a non-profit-making social enterprise, Tai O Heritage Hotel is committed to engaging the public in bolstering Tai O’s local economy, achieving synergy with local communities, and promoting heritage conservation, tourism and green living.
About Hong Kong Heritage Conservation Foundation Limited (www.hkheritage.org)
Hong Kong Heritage Conservation Foundation Limited (HCF) is a non-profit-making organisation established by the Ng Teng Fong Family in March 2008. It identifies and showcases the heritage significance of historical projects in both Hong Kong and Singapore.
HCF holds the belief that conservation of cultural heritage helps the community to build a sense of identity and strengthen relationships in society. The primary objectives of HCF are to revitalise and conserve historic buildings, and to promote the appreciation and importance of cultural heritage to the community.
Directors of HCF are enthusiastic supporters of community initiatives, and possess considerable experience in heritage buildings revitalisation projects. They have been actively involved in many heritage projects, including Tai O Heritage Hotel, The Fullerton Hotel Singapore, The Fullerton Waterboat House, Clifford Pier and Far East Square.
Tai O Heritage Hotel Hong Kong
Address: Shek Tsai Po Street, Tai O, Lantau Island, Hong Kong
Tel: +852-2738-2210 / +852-9553-7910
Tel: +852-2738-2308 / +852-6531-9181
SOURCE Tai O Heritage Hotel
APAC Project Portfolio Management Market Worth 1,352.8 Million USD by 2022
According to a new market research report “APAC Project Portfolio Management Market by Type (Software and Service), Application (Portfolio Management, Financial Management, Resource Management), Deployment, Organization Size, Vertical and Country – Forecast to 2022”, published by MarketsandMarkets™, the global APAC PPM market size is expected to grow from USD 586.9 Million in 2017 to USD 1,352.8 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 18.2%.
Browse 61 Market Data Tables and 35 Figures spread through 135 Pages and in-depth TOC on “APAC Project Portfolio Management Market”
Early buyers will receive 10% customization on this report
The demand for PPM software and services in APAC is driven by various factors, including huge infrastructure development, need for optimum resource utilization and cost management, proliferation of startups, and rapid generation of complex data volumes.
Integration and deployment services segment is expected to grow at the highest CAGR during the forecast period.
The integration and deployment services segment provides end-to-end enterprise support, which is the main reason for its higher adoption. Integration and deployment services are gaining traction in the APAC PPM market, as they helps organization in identifying the project scope; designing the plan layout; optimizing data quality and delivery through testing, building, and deploying customizable designs suiting the organizational business needs; and assisting trained professionals in facilitating the smooth installation of PPM software.
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Resource management application is expected to witness the highest CAGR during the forecast period.
Resource management consists of planning, allocating, and scheduling of resources to tasks. Resources include manpower, systems, money, and materials. They mainly comprise financial resources, inventory, employees, production resources, and IT. Effective resource management optimizes organizational efficiency, minimizes idle time, and improves project execution. Proactive resource management delivers paramount level of optimization and efficiency by enabling optimum allocation of resources, based on business requirements. The need for resource management is expected to grow in the near future, due to benefits such as better resource utilization, improved profits, and minimized unavailability of resources.
India is projected to grow at the highest CAGR during the forecast period.
Among the countries taken into consideration for the study, India is expected to witness the highest CAGR during the forecast period. India is a preferred country for outsourcing IT services. Several companies have outsourced their IT services, such as application development, maintenance, testing, consulting, and system integration to India. This offshoring of IT services has given rise to a large number of IT players, who need PPM software. The rise of an energetic startup product ecosystem in India has also enhanced opportunities for the PPM market in India. The ever-increasing internet penetration, due to improvement in wireless infrastructure, is expected to drive the demand for PPM software in India.
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The major PPM vendors in APAC Project Portfolio Management Market are Upland Software, Inc. (Texas, US), Planview, Inc. (Texas, US), Planisware S.A.S. (California, US), Oracle Corporation (California, US), Software AG (Darmstadt, Germany), SAP SE (Walldorf, Germany), Microsoft Corporation (Washington, US), Changepoint Corporation (Washington, US), CA Technologies (New York, US), Hewlett Packard Enterprise Company (California, US), Clarizen (California, US), and ServiceNow, Inc. (California, US).
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Project Portfolio Management (PPM) Market by Platform Type (Software and Services), Deployment Type (On-Premises and Cloud), End User, Business Solutions, Industry Vertical, and Region – Global Forecast and Analysis to 2020
Cloud Project Portfolio Management Market by Application (Portfolio Management, Resource Management, Demand Management, Financial Management, Project Management), Deployment Model, Organization Size, Vertical, and Region – Global Forecast to 2022
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Carbon Nanotube Market Growing at a CAGR of 17.09% During 2017 to 2022 – ReportsnReports
Carbon Nanotube (CNT) market will grow from $3.95 billion to $8.70 billion, at a CAGR of 17.09% between 2017 and 2022 while Research Report covers top 15 Companies with their Competitive Strategies, Top Segments, Market Trends, Share, and Regional Outlook in near future and overall industry analysis.
Browse 97 tables and 44 figures, 15 Company profiles spread across 167 pages available at http://www.reportsnreports.com/reports/271728-carbon-nanotubes-cnts-market-by-type-swcnts-mwcnts-application-electronics-semiconductors-chemical-polymers-batteries-capacitors-energy-medical-composites-aerospace-defense-geography-global-trends-forecasts-to-2018.html.
The carbon nanotube market is expected to grow at a CAGR of 17.09% between 2017 and 2022.
The Carbon Nanotube (CNT) market is expected to grow from USD 3.95 billion in 2017 to USD 8.70 billion by 2022, at a CAGR of 17.09% between 2017 and 2022. Growing demand from applications, such as advanced materials, electronics & semiconductors, chemical & polymers, batteries & capacitors, energy, aerospace & defence, and medical is expected to fuel the growth of the carbon nanotube market. The intrinsic mechanical properties of CNTs make them a suitable Nano material. The CNTs also have a unique combination of stiffness, strength, and tenacity compared to other fiber materials which usually lack one or more of these properties. The growth of the CNT market is affected by the cost structure of CNT, processing difficulties, and availability of substitutes such as silicon carbide nanotubes (SiCNTs).
Key players operating in the carbon nanotubes market include Arkema S.A. (France), Arry International Group Ltd. (China), Carbon Solutions Inc. (US), Cheap Tubes Inc. (US), CNano Technology Ltd. (US), CNT Company Ltd. (Korea), , Hanwha Chemical Co. Ltd. (Korea), Hyperion Catalysis International Inc. (US), Kumho Petrochemical Company Ltd. (South Korea), Nano-C Inc.(US), Nanocyl S.A. (Belgium), NanoIntegris Inc. (US), NanoLab, Inc. (US), Nanoshell LLC (US), Nanothinx S.A. (Greece), Showa Denko K.K. (Japan), South West NanoTechnologies Inc. (US), Thomas Swan & Co. Ltd. (UK), and Toray Industries, Inc. (Japan) are the key players operating in the carbon nanotube market.
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Among methods, the Chemical Vapor Deposition (CVD) segment is leading the carbon nanotube market and is expected to grow at the highest CAGR between 2017 and 2022.
Among methods, the CVD segment of the carbon nanotube market is expected to grow at the highest CAGR during the forecast period 2017 to 2022. The CVD method is also the largest method segment of carbon nanotube globally. The prices for CVD are assumed to decrease incrementally with the improving technologies and increased production & commercialization. This decrease in price is expected to keep the CAGR for CVD on a higher side for both volume and value markets.
The electronics & semiconductor application segment of the carbon nanotube market is expected to grow at the highest CAGR during the forecast period.
Among applications, the electronics & semiconductor segment of the carbon nanotube market is expected to grow at the highest rate from 2017 to 2022. The electronics & semiconductors market is further categorized into field emission displays, Integrated Circuits (ICs), super conductors, transistors, and others, which includes electromagnetic shielding ultra-conductors, loudspeakers, light sources, electric motors brushes, and conductive films. In integrated circuits, carbon nanotubes are used as interconnects due to their metallic characteristics. Using carbon nanotubes in the super conductor application helps improve its critical current density in a high magnetic field and longer life cycle.
The Asia Pacific carbon nanotube market is expected to grow at the highest CAGR during the forecast period.
Among regions, Asia Pacific is the fastest-growing carbon nanotubes market. This growth is mainly attributed to the booming economies such as China, India, Taiwan, and a few smaller countries, such as Indonesia, Vietnam, and Malaysia. China is the leader of in terms of carbon nanotubes demand in Asia Pacific. China is a rapidly developing nation with many emerging applications such as hydrogen storage, super conductors, filters, capacitors, and others.
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Breakup of primary interviews: By Company Type: Tier 1-58%, Tier 2-33%, and Tier 3-9%, By Designation: C-level-50%, D-level-33%, and Others-17%, By Region: North America-33%, Europe-30%, Asia Pacific-16%, South America-14%, and Middle East & Africa-7%
Research Coverage: This report provides a detailed segmentation of the carbon nanotube market on the basis of type, method, application, and region. With respect to type, the market has been segmented into multi-walled carbon nanotube and single-walled carbon nanotube. Based on method, the market has been segmented into chemical vapor deposition, catalytic chemical vapor deposition, high pressure carbon monoxide reaction, and others. Based on application, the market has been segmented into advanced materials, electronics & semiconductors, chemical & polymers, batteries & capacitors, energy, aerospace & defence, and medical. Based on region, the market has been segmented into Asia Pacific, Europe, North America, South America, and Middle East & Africa.
Carbon Black Market by Type (Furnace Black, Channel Black, Thermal Black, Acetylene Black), Application (Tire, Non-Tire Rubber, Inks & Coating, Plastic), Grade (Standard Grade, Specialty Grade), and Region – Global Forecast to 2021
Carbon Fiber Prepreg Market by Resin Type (Epoxy, Phenolic, Bismaleimide, Cyanate Ester, Thermoplastic), Manufacturing Process (Hot Melt, Solvent Dip), Application (Aerospace & Defense, Automotive, Sports & Leisure, Wind) – Global Forecast to 2021.
Activated Carbon Market by Type (Powdered, Granular, Others (Pelletized, Bead)), Application (Liquid Phase (Water Treatment, Foods & Beverages, Pharmaceutical & Medical), Gaseous Phase (Industrial, Automotive)), Region – Global Forecast to 2021.
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There’s A New Entrant To The Luxury Skincare Market In Singapore: New Zealand Secret
Singapore is synonymous to shopping, and will now be supplied with a new luxury, natural skin care range from one of the greenest places on Earth — New Zealand. This high-end range is called New Zealand Secret.
The vision of 33 year old Mona Masouminia, New Zealand Secret is designed to assist your skin long term. A former oil and mining engineer, Mona realised the idea when she attended a beauty show in Paris in 2015. It was there that she saw New Zealand products on display and thought they were not making the most out of the country’s reputation for untouched nature.
“I had played with making my own make up to keep my skin fresh when I was out in the field on international contracts,” she said. “I put the two ideas together and talked to Norm Morgan, of Tradex International. He introduced me to the late Dr Jim Watson, a pioneer of New Zealand’s biotechnology industry. They easily convinced me that anything I did should be 100% scientific, 100% natural and traceable. I met a specialist contract manufacturer with all the right plant accreditations … and our unique formulae for creams and serums were created.”
Inspired by the grace and beauty of the natural world, she has created a range of anti-aging products with ingredients that have been sustainably harvested. Active ingredients such as wakame, kiwifruit extract and Sauvignon Blanc are just a few of the beneficial additions.
These ingredients collectively fight the effects of pollution, stress and age, making skin firmer and more youthful. Two of the crowd favourites are New Zealand Secret Eye Cream and New Zealand Secret Regenerating Collagen Serum.
The range of anti-aging products also include a cleansing cream, an anti-aging toner and hydrating day and night moisturisers. Mona said, “After working with the formulae during the past 18 months, we can now say that we have a 100% natural range for anti-aging products that is going to compete strongly against some of the world’s biggest luxury brands in this field.”
New Zealand Secret is entering the market alongside other luxury brands such as La Mer, Guerlain and La Prairie. The New Zealand Secret product range is available online for worldwide shipping at newzealandsecret.com.
For further information, please contact Mr Michael Fan in Singapore on +65 8112 6999.
SOURCE New Zealand Secret
SANY Concrete Machinery Helps Build the New Landmark in Southeast Asia
Landmark 81, the 81-storey skyscraper under construction in Ho Chi Minh City, will become the tallest building in Vietnam upon completion. Until now, 11 concrete machinery from SANY have been used in the project.
The total height of the building will reach 461m, 110m higher than Vietnam’s supertall building Keangnam Landmark 72 in Hanoi. The mixed-use tower will include high-end apartments, hotels, shopping centers, restaurants, bars and a 360-degree observatory center. Recently, 49 stories have been built.
During the tower construction, all the concrete work of the mat and main building are carried out by SANY machines. 5 SANY HBT12020C trailer pumps, 1 HBT9035CH super high pressure trailer pump and 3 HGR28 placing booms have worked around the clock to support the on-time completion of the project. As the construction proceeds, another two super high pressure trailer pumps have been ordered by the customer for the concrete pouring from 200-meter tall to the top floor.
To guarantee the smooth operation of the machines, SANY has sent two service engineers to provide on-site customer service. With the superb quality and comprehensive maintenance by the service staff, until now, SANY concrete machinery has proved exceptional performance without any failure reported.
“We know SANY equipment very well since we already used it during the construction of the Burj Khalifa Tower and Shanghai World Financial Tower. SANY is a world-class concrete machinery expert,” the Landmark 81 project director and associate director said. The high working efficiency, one-story concrete pouring per three days, stability and after-sale service again have won their recognition this time.
Since 2007, SANY has proactively participated in various major projects in Asia-Pacific region, for instance the Vinh Tan power station in Vietnam, Wheatstone LNG project in Australia and China–Laosrailway. Following the Belt and Road Initiative, SANY will make continuous efforts to provide reliable machines and value-adding after-sale service to the customers.
SANY Group (SANY) is a leading global heavy machinery manufacturer with plants in the US, Germany, Brazil and India, and business covering over 100 countries and regions worldwide. The company has been recognized as one of the most innovative and successful companies in the world, and its concrete machinery is ranked No. 1 globally.