Latest news and trends from around the globe in the fields of F&B, Energy, Manufacturing, Construction & Supply Chain
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December 2011
Facebook going Public
The WOW Quotient Commercial Buildings are Going Green
Top Countires by No. of Millionaires
October 2011
AES - DPL Merger concludes briskly
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October 2011
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December 2011
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Editor’s Blog by Carrie-Ann It is certain that Facebook finally will be “going public” after years of being held privately. Ironically, Facebook has been going public with its users’ supposedly privately held information for years, at least according to federal regulators who this week slapped Facebook in the face for violating its users’ privacy. Of course, the week’s two Facebook developments are linked beyond wordplay: oversharing of everybody’s personal data is what will make the Facebook IPO worth so much. The stock-market experts at Business Insider wonder if a Facebook IPO will mean “the end of innovation,” as some set-for-life FB employees may cash out and leave, or give up trying as hard to think up cool stuff like Timeline and Beacon. The article about top countries with the most number of millionaires is ‘numberliciously good’ and informative. It is really interesting to know that the countries that have economically crashed have still maintained to house top number of millionaires. Patrick Alain’s leadership improvement skills could come quite handy to the truly ambitious who wish to reach the summit before time.
All this and more...
Carrie Ann Editor-in-Chief, Industry Leaders Magazine.
December 2011
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The Team
Editorial
Carrie Ann, Editor-in-Chief
A.M.Reilly News Editor
Richard Meryn, Associate Editor
Aubrey Chang, Associate Editor
Design
Christy Gren, Industry Specialist Reporter
Marketing
Kevin Paul Sr. Graphic Designer
A.Ojha Graphic Designer
Patrick Jam Advertising Coordinator
Zaina Ava Design Associate
Jason Miller Sr. Project Director
Project Management Tom Parker, Project Director
Julia Zimmerman, Project Director
Christine Taylor, Project Director
Technology John Hancock, Le Manh Head - Web Cuong, Department Sr Software Coordinator
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Finance Controller Julia Hunt, Magazine Production
RR Baratiya
October 2011
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October 2011
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December 2011
Contents
Features
34 34
Top Countries in Millionaires
With the hopes of the global economy recovering from financial crisis, a significant rise in wealth has been seen...
52 60 60
New NASA Earth Watching Satellite Launched
Cover Story
52
Facebook going Public
The latest rumor buzzing in the business world is that social networking giant Facebook is working to raise $10 billion for an initial public offering, tentatively set for the second quarter of 2012... Read on to know more...
NASA launched an Earth-watching satellite on 28th October 2011, a year after its planned launch. The primary purpose of the satellite is to monitor climatic and weather changes and provide enhanced weather forecasts... December 2011
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Contents Regulars 10 The Latest in Business 18 Leader Talk 26 The WOW ! Quotient
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26
68 68
Western Digital
Western Digital (WD) was founded in 1970 by Alvin B. Phillips, a Motorola employee, as General Digital, initially (and briefly) a manufacturer of MOS test equipment...
Mergers and more...
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Larger than Life
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Industry Events & Tradeshows
76 76 Bechtel Corporation
Bechtel Corporation (pronounced BEK tl) is the largest engineering company in the United States, ranking as the 5th-largest privately owned company in the country...
110 November 2011
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Company Profiles
Benchmark Hospitality International
Benchmark was founded in 1980 through the distinct vision of Burt Cabañas. Mr. Cabanas emigrated from Cuba to the United States in 1957 at age 10, along with his mother and sister, following the death of his father...
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92 92 Talisman Energy Inc.
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CEVA
102
Head-Space
Contents
CEVA is one of the world’s leading logistics companies, providing endto-end design, implementation and operational capabilities in freight forwarding, contract logistics, transportation management and distribution management...
Talisman Energy Inc. is a global, diversified, upstream oil and gas company, headquartered in Canada. Talisman’s three main operating areas are North America, the North Sea and Southeast Asia. The Company also has a portfolio of international exploration opportunities...
“ “ Good counselors lack no clients.
- William Shakespeare
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The Latest in Business
-A.M.Reilly
European Hospitality Doing Well Despite Eurozone Crisis Hotels in Europe are doing well in spite of the ongoing Eurozone Crisis, according to the latest numbers from the European hospitality industry. Although the Eurozone Crisis has made it hard for the expansion of hotels in Europe, the hotels in Europe that currently exist are meeting the numbers they had at this time in 2010.
Hotels in This Year
Europe
Performed
Well
Despite the ongoing instability in the European economy and the Eurozone Crisis, 51 percent of the hospitality chiefs said
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current trading is stronger than anticipated, while 17 percent said it is unchanged and 12 percent said it is worse than expected. Investment sentiment continues to favor luxury hotels in Europe in prime gateway locations, such as London and Paris. Significant investment in the refurbishment, re-positioning and acquisition of luxury hotels in Europe has been seen since the start of the financial crisis in 2008, demonstrating the resilience of markets where barriers to entry remain high and investment capital is seeking opportunities.
October 2011
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Starbucks “Freshens” Up with Acquisition of Juice Maker Evolution Fresh Starbucks Coffee first reinvented itself with the new logo, signalling the rejuvenation of the popular coffee house which also included exploring new revenue streams beyond coffee. Now, it’s finally doing so with the acquisition of juice maker Evolution Fresh.
one of the few large-scale companies left that still uses real fruit and vegetables, instead of pureed or powdered ingredients. Evolution Fresh juice is already carried on the West Coast in grocery stores such as Safeway, Costco and Whole Foods.
What is this Juice Maker Evolution Fresh?
Located in over 55 countries, Starbucks Coffee is the largest coffeehouse company in the world, already caries the Odwalla and Naked Juice brands in its stores, but with this acquisition, it’s possible that Starbucks Coffee will phase those out in favor of juice
Starbucks Coffee acquired the California-based juice maker Evolution Fresh this week for $30 million. Juice maker Evolution Fresh makes natural fruit and vegetable fruit blends, and is
The Latest in Business
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The Latest in Business Dubai Getting Bigger and Better in Aviation and Logistics Aviation seems to be the key to improving the economy, and Dubai is no exception. The city in the United Arab Emirates has plenty of things going on with its logistics and aviation industry, propelling it to be a global logistics and aviation hub in short time.
Dubai to Build World’s Biggest Airport As if Dubai’s first airport, Dubai International
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Airport, wasn’t enough, the city is in the process of building a second airport, which is planned to be the biggest one in the world. This new airport, Dubai World Central-Al Maktoum International in the southern part of the city, will ultimately be able to handle 160 million passengers a year by 2035. This new logistics and aviation hub, which is part of Dubai World Central - a planned residential, commercial and logistics and aviation super complex – opened last June
October 2011
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Caterpillar Inc. is Coming Out of Its Cocoon The hungry, hungry Caterpillar Inc. has become a butterfly this week as the construction equipment giant is making moves to expand and to boost production. Caterpillar’s thirdquarter profit was $1.141 billion, an increase of 44 percent from $792 million in the third quarter of 2010. Profit per share was $1.71, up 40 percent from $1.22 per share in the third quarter of 2010.
Last week, the company said that it intends to buy ERA Mining Machinery for as much as $887 million, giving the Illinois-based Caterpillar greater exposure to the modernization of China’s coal mines by providing Caterpillar equipment. Caterpillar also recently acquired Bucyrus International, which will further boost Caterpillar’s chances in penetrating the China’s mining sector.
Caterpillar Inc. to Purchase Chinese Mining Company
The Latest in Business
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The Latest in Business
Gold shines amidst a volatile Bullion market Depending on the part of the world, gold bullion prices are currently seeing some of their highest in recent weeks as well as some of the lowest in recent months. The gold bullion market is in flux as trading, investing, and economies try to sort themselves out.
Euro Zone Crisis Causes Bullion Prices to Drop
Gold
Similar to what happened to the American financial crisis in 2008, the current Euro
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zone crisis has caused gold bullion prices to drop this week in the West. Gold bullion prices dropped 2.40 percent this past Thursday; the fourth consecutive down day, after it was warned that American banks are dangerously exposed to contagion from the spreading Euro zone crisis. As of Monday, gold was trading at $1,675.50, down $49.60 per ounce. The entire precious metal, commodities, energy and equity markets are reacting to a worsening Euro zone crisis.
October 2011
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Jeno Paulucci, Frozen Food Icon, Dies at 93 Jeno Paulucci, inventor of the pizza roll, past away on Thursday at the age of 93. The food magnate dies just four days after his wife, Lois. The cause of death was renal and coronary failure. Paulucci is survived by his daughter Gina, his son, Michael; another daughter, Cindy Selton; four grandchildren; and many greatgrandchildren.
The Biggest Accomplishments Jeno Paulucci
of
After that, in 1968, Paulucci founded Jeno’s Inc., a company that started selling pizza dough kits. It then started to sell frozen pizzas and a variety of snacks. The most notable of these snacks was the pizza roll, a combination single slice pizza and egg roll. Paulucci then sold Jeno’s Inc. to Pillsbury for $135 million in 1985. 17 December 2011
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The next year, Jeno’s Pizza Rolls were rebranded as Totino’s Pizza Rolls, which are still being sold in stores today.
October 2011
The Latest in Business
Paulucci was a pioneer of ready-made foods. His first successful product was Chun King, a line of Chinese canned food featuring chow mein, bean sprouts and other Asian vegetables, in 1944. Chun King eventually became a mainstay in postwar America. In 1957, Mr. Paulucci patented the Divider-Pak, packaging that keeps the food separate from its sauce, which is still being used today in many Asian-themed readymade foods. Paulucci then sold Chun King to R. J. Reynolds for $63 million in 1966.
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10 Techniques To
October 2011
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Leader Talk
o Improve Leadership -Patrick Alain
As John F. Kennedy once said, “Leadership and learning are indispensable to each other�. Any leader who thinks he knows it all and has seen it all and is through learning is going to lose his effectiveness and strength. October 2011
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1. Improving Your People Skills Everyone who works under you should feel important, respected and valued. If you are great at what you do but not good at making others feel appreciated, your leadership lacks inspiration. Work on your people skills by involving everyone you work with. Seek the opinion of your employees on various counts, respect their views, have group discussion on various matters and pay attention to each individual. Even the smallest efforts such as remembering each team member’s name, asking after their families, remembering a birthday or passing a compliment about the work or otherwise can make all the difference. And as any successful industry leader will tell you, a happy employee is an effective employee.
2. Pay Attention Followers
To
Your
People can tell when you are genuinely interested and when you are only pretending to be interested. Pay real attention to the people you lead, or you might end up turning them against you or missing out on something important. Develop your listening skills before you work on improving any other traits.
October 2011
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Leader Talk Be alter both mentally and physically when you talk to your team- it is important to listen well as well as adopt a posture and expression that displays a keen interest. While listening, let go of any biases or prejudices you might have about an individual, or your vision of them will always be narrowed. When you are in conversation with your team, eliminate all distractions. Pay close attention and make sure you remember all the important things; you never know when it might come in handy.
3. Get The Preparation Part Down Pat Learn to plan and prepare well. Short-term as well as long-term plans have to be carefully thoughtof, structured and executed. When it comes to succeeding in business, you cannot hope for success if you want to wing it or play it by the ear. You must prepare well in advance to be able to perform well when the time comes. Research the situation, evaluate all possible aspects, divide your goals into realistic milestones and create a specific, outlined task for each member of the team.
4. Work On Inspiring Others
October 2011
Leader Talk
Motivating and inspiring other people is as important as maintaining your own optimizing. Keep each team member in the loop, talk to them about the goals, encourage them on staying focused and make each employee feel valued and challenged at the same time. Keep the bar high, and every time someone passes it, make sure you reward them and appreciate them suitably. Make achieving goals a positive, enjoyable process.
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5. Be Likeable: Be The Leader Others Want To Follow Being likeable is very important in the corporate environment because one of the biggest complaints of employees is that their bosses are not nice people or don’t promote a happy, healthy atmosphere at the work place. If you are enthusiastic about the work you are doing, as well as the work your team is doing, it is going to translate into more effort. Show that you are pleased with their effort, supervise all the projects and offer advice or praise as it is needed, and give as much help as you possibly can. The people you lead should see you as someone they want to grow and learn under.
6. Dealing People
With
Difficult
Leader Talk
Learning to discipline your followers when they’re not doing well can be tricky. The best way is to discuss the situation quickly and nip it in the bud as soon as you can. While a problem is still fresh, it can be resolved. Leave it for too long, and you’ll have a habit on your hands. If a particular person is responsible, speak to them alone. It is important to maintain that you respect the person in public, even if you do reprimand them in private. Always give the person a chance to explain, even if you’re not seeking an explanation, because it will make him/ her feel respected. And above all else, don’t get petty or personal. Embarrassing someone who made the mistake is the worst possible way to deal with the situation. www.industryleadersmagazine.com October 2011
7. Take A Leaf Out Of Henry Ford’s Book: Divide The Labor! Henry Ford had it right with his revolutionary Model-T when he decided to break up the task into smaller, more achievable tasks. The ‘assembly line’ concept that changed the world worked on a very simple principle: each goal was broken up into smaller goals that were assigned to different people and parts. The assembly line was a long set of complementary milestones that tied up together into one final goal. Delegating well is possibly the best way to improve leadership skills. If there are people who you can train to do the work you are doing on your own, you can free up all that time and concentrate on other goals that only you can meet. Identify the individual strengths of your teammembers, allocate work accordingly, keep a track of each person’s progress and oversee the entire project. This way you unburden yourself and allow yourself time to do highly specialized work, as well as getting the most out of your employees. It is an empowering move for yourself and your employees.
8. Let History Show You The Way Forward There is no better coach than history, and no better leader than the one who allows the past to teach him. The annals of time are brightened by great men and women who have changed millions of lives, changed the times they lived in as well as changed future generations for years to come. There is much to be learnt from the leaders of the past, for some leadership traits and techniques will remain effective and relevant forever. Whether it is through the works of Mahatma Gandhi or the speeches of Nelson Mandela, or the December 2011
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grit and genius of Steve Jobs, one can always learn a skill from watching other strong players. The successes of other great achievers, as well as the failures they overcame to get to those successes can be an illuminating way to learn. Even if you are only running an organization or a team within an organization, studying the decisions of acclaimed industry, political, social and religious leaders from around the world can help you enhance your own strengths, as well as adopt new ones. Zero in on common leadership traits and model your own leadership style after that of history’s greats, and one day, you might be remembered just as reverentially.
9. Give Yourself A Chance To Learn A good leader is one who is willing to grow and learn with his team. Even the best of leaders are followers: allow yourself the opportunity to learn something new or something better from someone who has a skill or a strength that you do not. Also, it is good to return to the basics every once in a while and attend training sessions or workshops or coaching or learning groups, just like the rest of the team. It might seem too simplistic to you at first, but it always pays to touch base with the roots. You might just revisit a great old idea or technique you’d forgotten, or you might learn something new. It will also enable you to watch your team as they grow and learn, thus giving you an insight into their development.
10. Be True To Yourself
If you are constantly bothered by a bad feeling or a sense of anxiety that nags you through the day, you will hardly be able to work yourself, let alone get others to work. The subconscious mind is a very powerful thing and can completely destroy your career if you choose to fight it. Make choices that are in tune with your values so that you are never at loggerheads with yourself. Integrity is key to being an effective leader, and it makes an already tough road much smoother! December 2011
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October 2011
Leader Talk
One of the biggest mistakes leaders make is to try to ignore their own morals, values and set of ethics in an attempt to move forward or adopt new practices at work. Remember, as a leader you must focus on the future, but you cannot do so at the cost of your own conscience. If you try to stifle that little voice in your head or turn the other way when you come across something that disturbs you, it is going to affect your work and your leadership style.
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!
The
WOW !
Quot ent
-Christine Taylor
Commercial Buildings are Going Green October 2011
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G
oing green has been a popular initiative for some time, but the commercial sector has been slow to pick up the trend. Only now are commercial buildings beginning to go green in a variety of ways, and are doing so for both financial and environmental benefits.
October 2011
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!
Quot ent
“
“
The
WOW !
A new report from Pike Research projects that the LED share will reach 52 percent of the commercial lighting market by 2021.
Green Commercial Buildings are Turning on the Light One of the ways that commercial buildings are going green is through the lighting. Light-emitting diodes, or LED light bulbs, are gaining significant momentum as an alternative to incandescent and fluorescent lighting in commercial buildings, particularly as the cost of LED lighting technology is starting to go down. For that same reason, LED light bulbs are gaining popularity in residential buildings. A new report from Pike Research projects that the LED share will reach 52 percent of the commercial lighting market by 2021. The same report also says that LED lighting costs will be reduced by 80 percent to 90 percent during the next decade. Since LED light bulbs are considered the greenest and most efficient light bulbs for commercial buildings, a lot of research is currently taking place to make them as affordable as possible to commercial buildings. Pike Research also projects that the global market for commercial lighting will reach $42 billion in 2011 and see a peak of nearly $54 billion in 2012.
The Energy Efficient Way: As high-performance buildings use less operating energy, embodied energy has assumed much greater importance – and is expected to make up as much as 30% of the overall life cycle energy consumption. Studies such as the U.S. LCI Database Project show buildings built primarily withOctober wood2011 will
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“
Designers orient windows and walls and place awnings, porches, and trees to shade windows and roofs during the summer while maximizing solar gain in the winter.
“
have a lower embodied energy than those built primarily with brick, concrete or steel. To reduce operating energy use, high-efficiency windows and insulation in walls, ceilings, and floors increase the efficiency of the building envelope, (the barrier between conditioned and unconditioned space). Another strategy, passive solar building design, is often implemented in low-energy homes. Designers orient windows and walls and place awnings, porches, and trees to shade windows and roofs during the summer while maximizing solar gain in the winter. In addition, effective window placement (daylighting) can provide more natural light and lessen the need for electric lighting during the day. Solar water heating further reduces energy costs. Onsite generation of renewable energy through solar power, wind power, hydro power, or biomass can significantly reduce the environmental impact of the building. Power generation is generally the most expensive feature to add to a building.
Green Commercial Buildings Save Money
• • • •
Cost less to maintain, by 19%, Use less energy, by 25%, and less water, by 11%, Emit less carbon dioxide, by 34%, and Have more satisfied occupants, by 27%.
October 2011
The WOW Quotient
There are more and more green commercial buildings out there, but there’s also a lot of commercial buildings that aren’t. It’s also not necessary to build a green commercial building from scratch. Sometimes, just some changes to a present commercial building can make a huge difference. According to a report from the U.S Department of Energy’s Pacific Northwest National Laboratory released two weeks ago, green commercial buildings, compared to commercial buildings in general:
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The
Quot ent
“
“
!
WOW !
The report specifically looked at 22 green federal buildings and compared their results against national averages.
The report specifically looked at 22 green federal buildings and compared their results against national averages. Although most of the buildings were built in the 2000s, some of these green commercial buildings were constructed as early as 1900, showing that it doesn’t take a brand new commercial building to make it a green commercial building.
U.S. Green Building Council’s Applications Lab This App Lab is designed to give LEED project teams’ easy access to compatible software, some of which is already in use currently. These apps are fully integrated with the entire LEED Online project management system. The Lab was launched merely with eight applications but USGBC anticipates that it will quickly come up with a lot more. USGBC Senior Vice President Scott Horst explained quoting: “The LEED App Lab has been highly anticipated as a way to leverage multiple partners to expand the presence of green building. The potential leverage points are so numerous that we really cannot anticipate the full impact of the App Lab. All we are sure of is that we have created a place to ignite the flames of true innovation and growth. LEED already embodied innovation. Now we are pushing LEED toward an entirely new world of possibilities.”
Green Commercial Buildings and the Global Market Pike Research also has research on the global outlook of green commercial buildings, and one of the things noted in a report released last week is that national governments are doing more to make the commercial buildings in their countries more green.
“
Buildings are one of the main energy consumption sources, and can become green Spearheaded by Network Rail,air in aspects such as heating, ventilation, conditioning, greenislighting, business the project beingand brought models like energy performance contracting lifebeing by utilized London-based thattoare by energy solar service companies around thegiant globe. This latest engineering Solar report from Pike Research said that the century in collaboration with energy efficiency market for buildings will achieve $103.5 billion during 2017, which Jacobs and SANYO Electric is an increase of over 50 percent from the Co. value Ltd. in 2011. market Commercial buildings are finally picking up on the green initiative and both
“
Biggest Solar Bridge
governments and the commercial sector are taking the time to construct green commercial buildings or to turn older commercial buildings into green-friendly buildings. Overall, green commercial buildings offer a lot of benefits to a lot of different entities.
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The WOW Quotient
November 2011
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Numberliciously Good
The top coun with increas number o Millionair October 2011
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F
ollowing the processional race at recently developed Buddh International Circuit on Sunday, the participating teams have been quite gushy in praising the arrangements and the circuit at the Indian Grand Prix.
ntries sing of res - Jason Miller
-Carrie Ann
December 2011
1
W
ith the hopes of the global economy recovering from financial crisis, a significant rise in wealth has been seen. Global wealth has risen by $9 trillion to a numberliciously high of $121.8 trillion. October 2011
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This level is more than $20 trillion above where it stood just two years prior during the financial crisis, according to a new study by The Boston Consulting Group. Millionaire households represented just 0.9 per cent of all households but owned 39 per cent of global wealth, up from 37 per cent in 2009. The proportion of wealth owned by millionaire households increased the most in Asia-Pacific, at 2.9 percentage points, followed by North America, at 1.3 percentage points. The number of dollar-millionaire households increased by 12.2 per cent in 2010 to about 12.5 million. Let’s take a look at the 15 nations having the maximum number of millionaires...
October 2011
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1. United States Millionaires: 5,220,000 The United States tops the charts with the highest number of millionaires in the world. North America had the largest absolute gain of any regional wealth market in assets under management (AuM), at $3.6 trillion, and the secondhighest growth rate, at 10.2 per cent. Its $38.2 trillion in AuM made it the world’s richest region, with nearly one-third of global wealth, according to The Boston Consulting Group.
hitting a high of $87 trillion. About 43 per cent of the world’s millionaire wealth will remain in the US, says a Deloitte study.
The wealth of millionaire households in United States, is expected to soar by 223 per cent by the end of the decade,
Numberliciously Good
October 2011
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Numberliciously Good 2. Japan Millionaires: 1,530,000
Though Japan is ranked second in terms of the number of millionaires, the country’s fortunes are on the decline. The overall wealth declined by 0.2 per cent in the Japanese market to $16.8 trillion.
China has the second highest number of millionaires in Asia.
Interestingly, three years ago, Japan accounted for more than half of all the wealth in the AsiaPacific region.
It also saw a big leap in the category of ultra-high-net-worth households - those with more than $100 million in assets under management.
3. China Millionaires: 1,110,000
www.industryleadersmagazine.com October 2011 China is now home to 393 households in this
category, which places the country eighth overall in the world. China is expected to be drive millionaire wealth, followed by Brazil and Russia. China will see its total millionaire wealth jump by a 493 per cent to $8.24 trillion by 2020. 4. United Kingdom Millionaires: 570,000 The number of millionaires living in Britain has risen by 17 per cent over the last two years. Britain will have 826,000 millionaires by 2020, according to a Barclay’s Wealth study.
The UK is a highly developed country and has the world’s sixth-largest economy by nominal GDP and seventh-largest economy by purchasing power parity.
5. Germany Millionaires: 400,000
Germany is the second richest after United States in terms of ‘super rich’ households worth more than $100 million. BCG calculated the assets of German private investors to be euro 5.2 trillion, noting that the wealthy in Germany tended to favour less risky investments than their foreign counterparts. December 2011
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6. Switzerland Millionaires: 330,000 Switzerland has the highest concentration of millionaire households in Europe and the second highest overall, at 9.9 per cent.
10. Hong Kong Millionaires: 200,000 Hong Kong is one of the world’s leading international financial centres. Low taxation and free trade are the highlights of this booming economy.
Switzerland is one of the richest countries in the world by per capita gross domestic product, with a nominal per capita GDP of $69,838. In 2010, Switzerland had the highest wealth per adult of any country in the world (with $372,692 for each person). 7. Taiwan Millionaires: 280,000 Taiwan is known as one of the Four Asian Tigers with a highly industrialised economy. This economic rise is known as the Taiwan Miracle. The nation has been categorised as an advanced economy by the IMF and as a high-income economy by the World Bank. 8. Italy Millionaires: 270,000 One of Europe’s richest nations, it has been ranked the world’s twenty-third most-developed country with a high quality of life index. Italy enjoys a very high standard of living, and has a high nominal GDP per capita. It has the world’s seventh-largest nominal GDP and tenth highest GDP (PPP). 9. France Millionaires: 210,000 France, one of the world’s most developed countries is ranked 9th in terms of millionaires. It has the world’s fifth largest and Europe’s second largest economy by nominal GDP. One of the wealthiest nations in Europe, it enjoys a high standard40 of living.
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The Hong Kong dollar is the ninth most traded currency in the world. The nation ranks high on economic freedom, financial and economic competitiveness, quality of life, corruption perception and human development index. 11. India Millionaires: 190,000 Even as the rich-poor gap widens in India, it ranks 11th in the world when it comes to the number of millionaires. According to the study India is home to 190,000 dollar-millionaires; that is, people who have at least Rs 4.5 crore. Unofficial figures, however, are much larger and vary from 250,000 to 500,000. The wealth in emerging markets will grow at above average rates, says the Boston Group study.
12. Canada Millionaires: 180,000 Canada is one of the world’s wealthiest nations, with a high percapita income. It is a member of the Organisation for Economic Co-operation and Development 41
13. Singapore Millionaires: 170,000 One of the Four Asian Tigers, Singapore is the world’s fourth leading financial centre. Singapore has a highly developed market-based economy. It has one of the busiest ports in the world and is the world’s fourth largest foreignexchange trading centre after London, New York and Tokyo. The World Bank ranks Singapore as the world’s top logistics hub. Singapore possesses the world’s tenth largest foreign reserves. 14. The Netherlands Millionaires: 170,000 The Netherlands has the 16th largest economy in the world, and ranks 7th in GDP (nominal) per capita. On the Index of Economic Freedom, Netherlands is the 13th most free market capitalist economy out of 157 surveyed countries. 15. Spain Millionaires: 160,000 Spain is a developed country with the twelfth largest economy in the world by nominal GDP, and very high living standards including the tenth-highest quality of life index rating in the world. Spain’s capitalist mixed economy is the twelfth largest worldwide and the fifth largest in the European Union.
October 2011
Numberliciously Good
In India and China, wealth is increasing at a compounded annual rate of 18 per cent and 14 per cent respectively from year end of 2010 through 2015.
(OECD) and the G8, and one of the world’s top ten trading nations.
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Mergers andMore... More... Mergers and
AES $3.5 Billion Acquisition of
DPL Concludes briskly October 2011
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irginia-based AES Corp., and Ohio-based DPL Inc., have finally merged this past week after receiving final approval from the Public Utilities Commission of Ohio.
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With this acquisition, AES’ operations now span 27 countries across five continents, with 100 power generation plants that have the capacity to deliver 40,000 megawatts of electricity. The AES DPL acquisition also ends the 100-year existence of DPL-owned Dayton Power and Light Co. (DP&L) as an independent company.
The AES DPL merger will require AES to pay $30 in cash for each outstanding common share of DPL stock, with those checks going out to shareholders this week. Terms of the AES DPL Merger First announced in April of this year, the AES DPL merger was not completed without specific requirements and agreements. The AES DPL merger will require AES to pay $30 in cash for each outstanding common share of DPL stock, with those checks going out to shareholders this week. AES also agreed to assume DPL’s $1.2 billion in debt. Agreements that were outlined by the Public Utilities Commission include: • AES will not pass along to DP&L ratepayers any December 2011
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expenses directly related to the negotiation, approval, and closing of the merger. • AES will keep DP&L’s operating headquarters in Dayton for at least five years after the merger. • DP&L will not implement layoffs that would reduce the utility’s approximately 1,500-person work force to less than 90 percent of that employment level for at least three years. • DP&L will commit $700,000 to Dayton for economic development, $400,000 to help low-income customers with energy costs, and $75,000 for the Ohio Hospital Association’s energy efficiency and energy demand reduction programs. What hasn’t been finalized in the AES DPL merger is whether or not AES will retain any or all of the DPL executives who helped negotiate the merger in the first place. Paul Barbas, current president of DPL, and 10 other senior DPL executives could receive as much as $41.9 million combined in parting payments if AES asks them to leave the company. The AES DPL merger should also not affect the pensions of DP&L retirees, because the parent company DPL contributed $80 million to the pension plan in 2010 and 2011 and it is currently meeting federal requirements for funding levels.
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at increasing shareholder value by means of earnings growth and the initiation of a dividend payment effective 2012. It also plans to accomplish its goal with improvements in operating performance and with the help of new plants built in the second half of 2011.
Stocks and Credit Go Up After AES DPL Merger Even though AES is paying out the outstanding shares of DPL stock, the stock of AES has improved since the AES DPL merger. AES shares rose 43 cents, or 3.9 percent, to $11.52 in midday trading the day the merger was completed. Moody’s Investors Service also upgraded AES’ credit rating because of the AES DPL merger.
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AES Company Profile AES is a global power company with generation and distribution businesses across five continents. Founded in 1981, AES built its first power plant in 1985 in Texas, which was also one of the first competitive power plants in the United States. During AES’s first five years, it added three plants in the US, and began looking for opportunities to take our financing, construction and operational experience global. In the early 1990’s, as markets opened up globally, AES began generating electricity in the United Kingdom, and expanded to Argentina, Pakistan, China, Hungary and Brazil. An early mover, in 1998 we acquired a minority stake in a power plant in the first and only generation
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AES and DPL Merger
Moody’s now rates the company at Ba3, three notches below investment-grade territory, but with a stable outlook. The AES DPL merger strengthened AES’ financial position by improving the scale, diversity and cash flow quality of its North American asset base, offsetting its businesses in South America. AES also owns Indianapolis Power & Light Co., which it bought in 2001.The AES DPL acquisition helps AES to increase its presence in the Midwest. The company has also reaffirmed that it is on track to meet its adjusted EPS fiscal 2011 guidance of 97 cents to $1.03. It is also confident of achieving its 2012 adjusted EPS guidance of $1.27 to $1.37. To ensure that the AES DPL merger is a successful one, AES aims
In the early 1990’s, as markets opened up globally, AES began generating electricity in the United Kingdom, and expanded to Argentina, Pakistan, China, Hungary and Brazil.
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privatization in India. In West Africa and Central America, we have brought electricity to places that never knew reliable power, while electrifying urban centers, including São Paulo and Indianapolis. We have helped pioneer new pollution control technologies and biomass conversions while expanding — to Qatar, Oman, Sri Lanka, Cameroon— and more recently to Bulgaria, where we are building our single largest greenfield project investment to date. We have also brought renewable sources of energy to market through acquisition and development through AES Wind Generation in the US, China and Europe, and AES Solar Energy, LLC our JV with Riverstone Holdings. Today, through its portfolio of thermal and renewable fuel sources -- biomass, coal, diesel, gas, hydropower, solar, wind - AES provides affordable and sustainable energy in 27 countries. Throughout our history, the people of AES have always stayed at the forefront of change, as a positive force in the energy sector as well as the communities in which we work and live. With significant global reach, deep local knowledge and distinctive operational skills, it is committed to operational excellence and to meeting the world’s changing energy needs.
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DPL Company Profile DPL is a holding company and diversified regional energy company with various subsidiaries. DP&L is an integrated electric utility that serves more than 500,000 customers in West Central Ohio. The utility is DPL’s principal subsidiary, accounting for roughly 90 percent of consolidated gross margin. DP&L also sells electricity to affiliate DPL Energy Resources, Inc., DPL’s competitive retail electric marketing subsidiary that has approximately 12,000 commercial and industrial
AES and DPL Merger
customers in Ohio and Illinois.
When it’s dark in Dayton, DPL turns on the lights. The holding company’s main subsidiary, regulated utility Dayton Power and Light (DP&L), which was established in 1911. Nonregulated subsidiary DPL Energy operates DPL’s 10 power plants, which produce more than 3,800 MW of primarily coal-fired generating capacity. It also sells power to energy marketing affiliate DPL Energy Resources to meet the electric requirements of its retail customers. Other activities include street lighting and financial support services. www.industryleadersmagazine.com October 2011
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www.industryleadersmagazine.com -Carrie Ann
k going Public
- Carrie Ann
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he latest rumor buzzing in the business world is that social networking giant Facebook is working to raise $10 billion for an initial public offering, tentatively set for the second quarter of 2012.
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Facebook going Public
What Does Facebook Need this Money For? If this is true, the Facebook IPO gives the company a valuation of $100 billion, twice as big as companies like HP and 3M. Although, it’s hard at this point to monetize and to measure the assets of a social media company for the purpose of going public (hasn’t really been done before), there’s not denying that a Facebook IPO would simply be huge.
Well, one of the most speculated reason is that that Facebook is raising the money for the purpose of acquisitions. Two companies that have come up that would be of interest to Facebook are Zynga and Twitter. Acquiring Zynga would be good fit for Facebook, since the gaming firm is the creator of Farmville and Cityville, two of the most popular games on Facebook. This acquisition would also give
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Facebook IPO is supposed to happen. Federal rules require companies with at least $10 million in assets and more than 500 shareholders to disclose its quarterly financial results and other details. The reporting requirement kicks in 120 days after the fiscal year in which a company exceeds the shareholder threshold for the first time. Facebook’s fiscal year ends on New Year’s Eve, so it would have until late April 2012 to comply with this requirement, having hit the threshold this year.
Facebook a new source of revenue. Acquiring Twitter would put Facebook in a much better position to compete against Google and better establish itself in the realm of social networking, as Google’s new social network Google+ has grown to 40 million members since its launch in July.
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However, a conclusion can’t be reached about the Facebook IPO and what the company will do when it goes public without seeing the company’s financial numbers, and the company’s financial numbers can’t be seen until Facebook goes public. Those number can come out as early as April 2012, the earliest when a
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Facebook is larger than every country in the world besides two, and that’s a vast amount of people that need to be pleased. Is the Facebook IPO a Good Thing? Yes, for two reasons. First, of all the Internet companies that have gone public in the past 12 months, only LinkedIn has remained above its IPO price. Both Groupon and Pandora have fallen their prices. Like LinkedIn, Facebook is a social network who’s millions and members not only feed off of Facebook, but feed off of each other. It’s a self-sustaining business model that will operate and grow, whether the site has 80 members or 800 million members. Technology and Internet companies do not have a long history of going public, since there haven’t been that many that have gone public.
Consider how angry members get when Facebook makes changes to the interface, or their reaction to its privacy policies. If a Facebook IPO shifts its focus to shareholders, members will react that the social networking giant will pay a hefty price. Third, Facebook’s worldwide ad revenue is expected to hit $3.8 billion this year, up from $1.86 billion a year earlier. As for total revenue, Facebook will generate revenue of $4.27 billion this year. Facebook is certainly growing, and has been growing for some time. Some have speculated that Facebook has it a critical mass with the 800 million users, that going public may sink the company once growth begins to slow down. But, those speculations are wrong and it has plenty of room for growth. There’s rumor of an HTC Facebook smartphone in the works, and penetration of the mobile market is something
Just because two companies aren’t doing well doesn’t mean that Facebook, or any other tech or Internet company that wants to come along, won’t find a way to do well. Second, with 800 million members, the fact that Facebook will soon have shareholders may be a good thing. Facebook is larger than every country in the world besides two, and that’s a vast amount of people that need to be pleased. Although, there have been problems in the past with companies focusing on their shareholders instead of their customers, Facebook’s shareholders will care about the customers because there’s so many of them. December 2011
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that Facebook has only scratch the surface on. If Facebook isn’t making its own smartphone, there’s always opportunity for the company to improve the mobile offerings of Facebook itself. Mobile technology itself is still very new, with plenty of room for a company like Facebook to do something extraordinary with it. Let it be made clear that Facebook has not yet made a decision on the Facebook IPO. Facebook founder Mark Zuckerberg has expressed his reluctance to do a Facebook IPO, and wants to keep the company private as long as possible. A Facebook IPO of $10 billion would be the largest IPO by any technology or Internet company. If there does end up being a Facebook IPO, hopefully it will be as revolutionary for the company as the company has been to society.
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New NASA Earth W October 2011
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Watching Satellite
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www.industryleadersmagazine.com October 2011 -Jason Miller
NASA launched an Earth-watching satellite on 28th October 2011, a year after its planned launch. The primary purpose of the satellite is to monitor climatic and weather changes and provide enhanced weather forecasts. The NASA satellite was launched in a Delta 2 rocket a little earlier than 3:00 a.m. on Friday, from the coast of California. It took the satellite approximately an hour to detach from the rocket after it was launched, and to travel into an orbit 500 miles over Earth. The satellite is one of the many that are already revolving around the earth, gathering data about the atmosphere, land and water bodies on the earth. The satellite launched on Friday is the most advanced of the lot, with four completely original gadgets that will be responsible for noting highly accurate and defined observations. The satellite, which resembles a small SUV in size, is expected to change the face of weather forecasts. The work of the NASA satellite will not just be limited to studying the climate and predicting weather conditions, for it will also be responsible for keeping a tab on the changing state of the ozone, observing the Arctic sea ice and analyzing wildfires and volcanic ash.
in 2010 as a result of the program exceeding the set budget. According to the original program, the satellite had to be launched in the year 2006, but policy and technical difficulties prevented NASA from sticking to the original deadlines. Now that the satellite is in orbit, great things are expected to come of it. Project scientists from the mission have stated that they are very hopeful and excited to see the satellite’s findings, as the collected data is going to be of a much more superior level than that being provided by the older satellites. Meteorologists from NOAA are hoping to use the data collected by the satellite to better predict and appraise sudden and severe weather conditions such as cyclones and tornadoes. Climate researchers on the other hand are interested in gaining more insight into more permanent climatic phenomena and studying climate changes. NASA invited several Twitter users to attend the launch of the satellite at the Vandenberg Air Force Base. The satellite was launched amidst perfect weather conditions.
The project has met with several hurdles along the way, and the satellite launch that took place on Friday was the end result of a hard road for the NASA team. The project for this NASA satellite is said to have cost $1.5 billion. The project has met with several hurdles along the way, and the satellite launch that took place on Friday was the end result of a hard road for the NASA team. The satellite was developed as a faction of a larger civilian-military satellite project that was cancelled by the White House
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NPP and its strategic importance “NPP is critical to our understanding of Earth’s processes and changes,” said NASA Deputy Administrator Lori Garver. “Its impact will be global and builds on 40 years of work to understand our complex planet from space. NPP is part of an extremely strong slate of current and future innovative NASA science missions that will help us win the future as we make new discoveries.” NPP carries five science instruments, including four new state-of-the-art sensors, which will provide critical data to help scientists understand the dynamics of long-term climate patterns and help meteorologists improve short-term weather
NPP is part of an extremely strong slate of current and future innovative NASA science missions that will help us win the future as we make new discoveries.
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Scientists will use NPP data to extend and improve upon EOS data records.
forecasts. The mission will extend more than 30 key long-term datasets NASA has been tracking, including measurements of the ozone layer, land cover, and ice cover. NPP serves as a bridge mission between NASA’s Earth Observing System (EOS) of satellites and the next-generation Joint Polar Satellite System, a National Oceanic and Atmospheric Administration (NOAA) program that will also collect weather and climate data.
How does it work? Scientists will use NPP data to extend and improve upon EOS data records. These
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The measurements from NPP will benefit science and society for many years to come.
satellites have provided critical insights into the dynamics of the entire Earth system, including clouds, oceans, vegetation, ice, solid Earth and atmosphere. NPP will allow scientists to extend the continuous satellite record needed to detect and quantify global environmental changes. “The measurements from NPP will benefit science and society for many years to come,” said Michael Freilich, director of NASA’s Earth Science Division. “NPP will help improve weather forecasts, enable unique scientific insights, and allow more accurate global environmental predictions. I’m confident that the strong partnerships forged in the NPP program between NASA and NOAA, industry, and the research and applications communities will ensure the success of the mission.”
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estern Digital (WD) was founded in 1970 by Alvin B. Phillips, a Motorola employee, as General Digital, initially (and briefly) a manOctober 2011 ufacturer of MOSwww.industryleadersmagazine.com test equipment.
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It rapidly became a specialty semiconductor maker, with start-up capital provided by several individual investors and industrial giant Emerson Electric Company. Around July 1971, it adopted its current name and soon introduced its first product, the WD1402A UART. WDhas grown into a global leader in the development and manufacturing of hard drives and solid state drives for internal, external, portable and shared storage applications. WD hard drives are used in desktop and notebook computers, mobile and handheld devices, corporate networks and home entertainment equipment. The company’s solid-state storage is used in netcom, industrial, embedded computing, medical, military and aerospace markets.
this put it ahead of Apple Inc. in 2011 as the Best Tech Manufacturer, according to IndustryWeek. Newbees One of the company’s newest products is the WD TV Live Hub, a television that also allows the streaming of movies and video from YouTube, Netflix, and Hulu. It also allows users to jump on Facebook and to listen to music through Pandora radio. A product of WD that’s been immensely popular for some time is the portable hard drives, which range from 250 GB to 1 TB of memory. These hard drives are compatible for both Macs and PCs, and come in a variety of colors.
In April 2010, the company purchased the magnetic media sputtering operations of Hoya Corp., and Hoya Magnetics Singapore Pte. Ltd., to secure glass substrate supplies.
WDthrives in the highly competitive industry of technology manufacturing partly due to its focus on controlling costs. In 2010, the company’s revenue grew 32.2%, return on equity reached 43.3% and return on assets was 26.1%. The company attributes much of its success to operational efficiencies, including its vertically integrated business model and agreements with suppliers to drive down raw materials costs. In April 2010, the company purchased the magnetic media sputtering operations of Hoya Corp., and Hoya Magnetics Singapore Pte. Ltd., to secure glass substrate supplies. All of December 2011
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WD has grown into a world leader for external storage and home entertainment products that are produced with the same level of technological excellence and quality as our internal storage products, but are uncomplicated and easy to use. Currently, WD is the world leader for both desktop and portable external storage, and the WD TV line of media players, which includes the WD TV Live Hub, is quickly gaining popularity. In recent years, WD led the market in many key areas of digital storage technology. The company was the first to go green with its innovative WD GreenPower
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Technology. WD is a leader in introducing drives that feature Advanced Format Technology, which is paving the way to even higher capacity drives. And WD’s popular 2.5-inch, 10,000 RPM WD VelociRaptor drive is the fastest SATA drive in the world.In support of environmental sustainability, the company launched its series of hard disk drives employing WD GreenPower Technology in 2007. These hard drives use sophisticated engineering techniques to conserve electric power and dissipate heat. This new platform makes it possible for energy-conscious WD customers to build systems with higher capacities and the right balance of system performance, reliability and energy conservation. These green initiatives are part of WD’s efforts to control costs of not only its own company but the companies who use this technology. Drives with WD GreenPower Technology save large organizations such as financial institutions and search engine services up to $10 per drive per year in electricity costs. Thus, a large data center with 10,000 drives can realize annual savings of as much as $100,000.
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Businesses take advantage of WD’s high quality and reliability with our enterprise drives in their servers and expansive corporate storage systems, quickly providing critical information to their workers. WD’s green storage leadership enables these businesses to significantly reduce their data centers’ carbon footprint, while increasing their capacity and saving money with lower power consumption. WD’s high-capacity, durable drives securely store your videos, music and photographs on computers and are quiet, frugal on power and deliver your content fast. Because so much of what you do is now recorded in digital form, WD makes it easy to safely store and share the articles of our lives, and to make duplicates to prevent loss. WD designs and markets plug-andplay external storage devices that expand the capacity of our computers and personal video
recorders. They carry a WD label and are found at retailers worldwide. We also make media players that enable you to enjoy your digital content on the biggest screen in your house – your TV. WD has thousands of people worldwide working to help you collect, manage and use digital information. Its reliable hard drives and solid state drives are just about everywhere that digital information and content is found, from computers to external and portable storage devices, and from digital video recorders in living rooms to sophisticated medical, military, aerospace, manufacturing and telecommunications systems. Some of its customers are some of the largest companies in the world, as well as the general consumer, who could be using a WD drive right now.
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Bechtel Cor
Standin
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- Christine Taylor
ng Apart -Jason Miller
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echtel Corporation (pronounced BEK tl) is the largest engineering company in the United States, ranking as the 5th-largest privately owned company in the country. October 2011
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Based in San Francisco, Bechtel earned $30.8 billion in revenue and employed 49,000 workers on projects in nearly 50 countries, as of 2010. Engineering News-Record has named Bechtel the top U.S.all construction ountries around contractor the world for 13 straight years.
are projecting that their respective construction industries will remain Bechtel participated in the building of Hooverflat Dam in the2012, 1930s.as It has alsoof had involvement through most them have not in a number of other high profile construcyet from thenumerous global economic tion rebounded engineering projects: power projects as Reasons refineries and nuclear power crisis insuch 2008. for the projections plants; transportation projects including the and various declines include a reduction Channel Tunnel, the BART system,King Fahd in funding and changes to government International Airport in Dammam (the largest airport in the world by land area), Hong funding. Kong International Airport and the Big Dig; and other projects such as the rebuilding
The company’s diverse portfolio encompasses energy, transportation, communications, mining, oil and gas, and government services.
of the civil infrastructure of Iraq funded by the United States Agency for International Development (USAID), and the hauling and installing of more than 35,000 trailers and mobile homes for Hurricane Katrinavictims in Mississippi. The company’s diverse portfolio encompasses energy, transportation, communications, mining, oil and gas, and government services. It currently has projects in dozens of locations worldwide, from Alaska to Australia.
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The Bechtel family has owned Bechtel since incorporating the company in 1945. Bechtel’s size, its political clout, and its penchant for privacy have made it a constant subject of scrutiny for journalists and politicians since the 1930s. Bechtel owns and operates power plants, oil refineries, water systems, and airports in several countries including the United States, Turkey, and the United Kingdom. However, Bechtel is older than that, and is one of the oldest and largest family-led
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corporations in the US. Bechtel has been in the forefront of engineering and construction for more than 110 years, since its founding in 1998. What began as a railroad-grading operation in the Oklahoma Territory has grown into a multinational company with hundreds of projects around the world. One of Bechtel’s recent, but signature, projects is the Athen’s metro infrastructure that was prepared for the 2004 Summer Olympic Games. During those games, spectators, personnel, and volunteers used public transit to travel to and from the more than 30 sports venues. Hundreds of thousands traveled through Metro stations and tunnels that Bechtel completed in 2003. However, long before Athens won its bid for the 2004 Olympic Games, it was clear that the city needed a better way to move people around. Athens built one of Europe’s first urban rail grids in 1869, but it could not keep up with the country’s swift urbanization. About 4 million people, almost 40
percent of the Greek population, live in the capital. The 10-year design, construct, commission, and operate project — one of the most ambitious public works projects in Greek history — began in 1992. Few believed it could be completed by 2004.Bechtel oversaw the work of a multinational consortium — including 22 Greek, French, and German companies — committed to preserving antiquities and archaeological relics encountered in the process of excavating in soft soil, in an already-congested central city, under centuries-old structures.
The effort yielded a collection of national treasures, some of which are exhibited in Metro stations.
That meant for slow work at times. Discovering, investigating, and cataloging archaeological finds added an estimated two years to the project. The effort yielded a collection of national treasures, some of which are exhibited in Metro stations.The $3.4 billion, 28-station subway system consists of two lines radiating in four directions along more than 27 kilometers (17 miles) of track from Syntagma Square, in central Athens. Today, the new metro system carries near-
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ly 400,000 riders a day, effectively removing 200,000 cars from the streets. The system is curbing pollution, slicing commute times from 40 minutes to 10, and attracting visitors from all over Greece. Many of the artifacts that crews unearthed have been incorporated into the walls of the stations. Bechtel is still working on projects, and one of its newest projects is a contract to provide engineering, procurement, and construction of a $16 billion liquefied natural gas processing plant in Queensland, Australia. The Gladstone LNG project will feature two liquefaction trains
ton- (140,000-metric-ton-) per-day copper concentrator that will incorporate a crushing, grinding, and flotation process for treating ore from three open-pit mines. In addition, Bechtel will support Xstrata with the development of a new town for 2,400 local people who have agreed to relocate from the project site. While Bechtel works for governments and commercial customers, its projects have helped grow local economies and improve the quality of life for communities and people around the world, as shown by the previous examples. Time and time again Bechtel’s work has demonstrated that the only limits on human achievement are those that are placed on our own shoulders.
The project, which will create up to 6,000 jobs, is owned by a partnership of Santos, Petronas, Total, and Kogas.
with a combined capacity of 7.8 million tons of LNG per year. The project, which will create up to 6,000 jobs, is owned by a partnership of Santos, Petronas, Total, and Kogas. Another new project is a $4.2 billion greenfield copper concentrator project high in the Peruvian Andes will be the second project that Bechtel will execute under its alliance with Xstrata. The Las Bambas project centers on a 154,324-
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Benchmark Interna
Expect the Ex October 2011
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Hospitality ational
- Jennifer Morgan
xtraordinary October 2011
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Benchmark Hospitality
Expect the Extraordina
Benchmark Hospitality International (Benchmark) was founded in 1980 through the distinct vision of Burt Cabañas. Mr. Cabanas emigrated from Cuba to the United States in 1957 at age 10, along with his mother and sister, following the death of his father. The family’s stay in the US was intended to be temporary; however, once Castro took power in Cuba, Burt and his family became “permanent exiles” in their new adopted homeland, never returning to Cuba. It has set the standard for integrity, quality, and service in management and marketing services for resorts, conference centers, conference hotels and golf clubs.
Early on in its quest to become the company we are today, the company developed a philosophy for its endeavors, a formula for success that is found at each of its properties, throughout its literature and as the foundation of its logo.
For over 30 years, Burt Cabañas, Benchmark, and the hospitality industry have been indelibly linked through the building or repositioning of countless hotels and resorts, through the development of the global conference center industry, and by serving on university boards, including Cabañas’ alma mater, Florida International University. During this time,Benchmark has learned a great deal about our business, about what makes a great conference center, hotel or conference resort and what doesn’t. Early on in its quest to become the company we are today,
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the company developed a philosophy for its endeavors, a formula for success that is found at each of its properties, throughout its literature and as the foundation of its logo. Led by Burt Cabañas, Benchmark is today the composite of thousands of people who serve a growing list of guests every day. The company’s culture is central to its management philosophy. The company’s stated purpose is “to provide an entrepreneurial environment where determined
people dare to create, share, and build futures.”Benchmark’s vision is today as was when Mr. Cabañas launched the company in 1980 -- to provide career opportunities to individuals who have a positive service attitude and the determination to succeed. Benchmark realized early on that the core function of a conference hotel or conference resort was to provide an environment that would facilitate idea exchange, problemsolving and retention of learning. The accomplishment of this threefold task within a professional business environment, free from the distractions and interruptions of daily business life, requires that the property be designed, managed and marketed to meet the specific needs of a meeting planner’s objectives for the company’s meeting.
As our guest, you will enjoy a oneof-a-kind experience, whether you are staying in the magnificent Rocky Mountains, on a sunwashed Hawaii shore or in the heart of a city’s arts district. Benchmark proudly manages a portfolio of independent hotels, resorts and conference centers, each with a distinctive setting, architecture and personality. As our guest, you will enjoy a one-of-a-kind experience, whether you are staying in the magnificent Rocky Mountains, on a sun-washed Hawaii shore or in the heart of a city’s arts district. We honor the unique characteristics of all our properties and work diligently to provide products and services that guarantee optimal success for the property as well as extraordinary hospitality for our leisure and business guests. Some of the most famous hotels and conference centers that are operated by Benchmark include Turtle Bay Cottages & Villages in Hawaii, Naples Bay Resort in Florida, and Downtown Conference Center in New York.
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Benchmark not only works hard to do good business, but to do good in the community as well.
After all, a responsible corporate citizenship recognizes the strong interplay between a healthy and vibrant community and the health and wellbeing of a company and its employees. To this end, Benchmark has a company-wide community service initiative, called “Hometown Hospitality Caring For Our Communities.” Hometown Hospitality formalizes many active community involvement programs and offers tools for properties to become engaged as vital contributors in
their home communities. For many, the word “hometown” evokes images of neighborhoods, families and life-long friends. It can be a place where you grew up or a place where you want to grow old. Hometown Hospitality represents the unwavering service commitment of Benchmark employees to our customers and our communities. In a constantly changing
world, the company advocates responsible corporate citizenship. Benchmark believes that our properties, our people and our vision can make a difference in the lives of many around the globe. The diverse individuals that make up the core of our company areOctober what2011 bind Benchmark as a family. This www.industryleadersmagazine.com uniquely committed group shares a common
culture. These values of this culture are expressed with words like respect, compassion, challenge and change. Benchmark’s Hometown Hospitality initiatives have included literacy programs in markets coast to coast that the company operates properties; as well as Boys & Girls Clubs of America nationwide; and for 2011-2012, the United Service Organization (USO), assisting military personnel and their families. Benchmark’s network of 40 hotels and resorts have committed to support the USO, providing complimentary guestroom stays for troops about to deploy or just returning from deployment, assisting the Mobile USO teams that travel throughout the country to military installations and events, hosting special
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events, providing vacation giveaways to USO centers holding silent fundraising auctions, supporting USO Wounded Warriors programs and Operation USO Care Package initiatives, providing Holiday Boxes to the troops. Benchmark believes that everyone deserves to feel welcome, wherever they are. At Benchmark, everyone matters, and that’s a philosophy that’s easily found in its hotels, resorts, and conference centers.Many metropolitan hotel properties and resort destinations do not wish to meet these criteria, nor do they plan the facilities or management focus to accommodate them. It is an area of specialization that requires a unique and dedicated approach. It is the niche market within the hospitality industry in which Benchmark chose to take the lead, win recognition among its peers, and earn accolades www.industryleadersmagazine.com October 2011 from its customers.
Talisman Inc
A Track record October 2011
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n Energy c.
d of growth -A.M.Reilly
- Carrie Ann
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alisman Energy Inc. is a global, diversified, upstream oil and gas company, headquartered in Canada. Talisman’s three main operating areas are North America, the North Sea and Southeast Asia. The Company also has a portfolio of internawww.industryleadersmagazine.com October tional2011 exploration opportunities.
Talisman is committed to conducting business safely, in a socially and environmentally responsible manner, and is included in the Dow Jones Sustainability (North America) Index. Talisman is listed on the Toronto and New York Stock Exchanges under the symbol TLM. Talisman has a diversified, global portfolio of oil and gas assets. The Company believes this portfolio will provide growth from shale development in North America and project developments in Southeast Asia, and result in sustainable free cash flow from the North Sea. Talisman is also focused on building its international exploration portfolio. Talisman investigates strategic acquisitions, dispositions and other business opportunities on an ongoing basis, some of which may be material. In connection with any such transaction, the Company may incur debt or issue equity securities. “Wherever we operate, we try to minimize our impact on the environment, work with the support of local communities and share the economic benefits of our activities. John A.
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Manzoni, President and CEO In 2010, the Company’s activities were conducted in North America, UK, Scandinavia and Southeast Asia. The North America segment includes operations in Canada and the United States. The Southeast Asia segment includes exploration and operations in Indonesia, Malaysia, Vietnam and Australia and exploration activities in Papua New Guinea. The Company also conducted operations in Algeria and Colombia and exploration activities in Peru, Colombia and the Kurdistan region of northern Iraq.
Talisman’s aggregate production for the year ended December 31, 2010 was 417,000 boe/d (including discontinued operations) Talisman’s aggregate production for the year ended December 31, 2010 was
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417,000 boe/d (including discontinued operations), comprised of 153,000 boe/d from North America, 77,000 boe/d from the UK, 54,000 boe/d from Scandinavia, 119,000 boe/d from Southeast Asia and 14,000 boe/d from other areas. Approximately half of the Company’s production is liquids and half is natural gas. In 2011, Talisman plans to spend approximately US$4 billion on exploration and development activities, excluding non cash capital items of US$370 million. The Company has the flexibility to adjust its capital spending to pursue opportunities and respond to a changing economic outlook.
Minimizing Environmental Impacts in Peru Few areas in the world require higher lev-
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els of environmental planning and protection than the Maranon Basin in northwestern Peru. To minimize the impact of Talisman’s exploration programs on the local ecosystem, the Company used sound industry management practices. No roads were built as materials for the seismic programs were brought in by helicopter or barge. More than 400 local labourers from 18 surrounding indigenous communities and five indigenous federations were hired for the Block 101 seismic program. In addition, five community members were hired and trained as environmental observers to verify Talisman’s compliance with agreed environmental protection standards, ensure operations were conducted in a transparent way and allow concerns to be effectively communicated to operations managers. Talisman also contracted an environmental service company to provide additional assurance that the contractor was carrying out the seismic program according to Talisman’s HSE expectations.
the operations and allow for rapid recovery of the affected area. A thorough abandonment and restoration program was also implemented, including revegetation of deforested areas (such as camps and helipads) with native species and long-term commitments for follow up monitoring. In addition, endangered species identification training was provided to all crew members to minimize potential impacts on surrounding plants and animals. Independent Peruvian environmental consultants helped ensure Talisman’s
“Wherever we operate, we endeavour to understand local environmental sensitivities and plan our activities accordingly.” During Block 101 seismic operations, Talisman ensured minimal disturbance during line clearing. In fact, 996 kilometres of seismic lines were opened, primarily through use of hand clearing methods. Line widths were limited to 1.5 metres or less and trees with a breast height diameter of 20 centimetres or greater were avoided. These measures helped to minimize impacts associated with
NACCO
operations were compliant with commitments made by the Company. Environmental planning is underway in support of planned drilling in 2008. Key activities include the development of safety standards and training, drilling waste management and preparation of a compliance verification framework.
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Minimizing Environmental Impacts in the Western US and Canada. In 2007, Talisman consulted with multiple stakeholders prior to its exploration programs in the western US. The exploration work required approvals from multiple levels of government as well as consent from local landowners. In addition, the Company consulted several interest groups. The resulting agreements consider a variety of needs and perspectives, including impacts on trail wildlife such as elk, pronghorns, raptors and grouse. Other needs were addressed by altering traditional designs for future facilities like incinerators and ensuring no onsite sumps will be used Since 2005, Talisman has implemented the Alberta government’s Sustainable Resource Development’s Area Operating Agreement (AOA) process. What was once a small pilot project has expanded into a tool which is used for almost all public or Crown land in Alberta. In 2007, Talisman became the first energy company to implement a provincial AOA, improving efficiency and ensuring more coordination of industrial development, reduction of conflict with other stakeholders and management of cumulative impacts of the Company’s activities.
The AOA process connects Talisman’s philosophies with the ultimate objective of Integrated Landscape Management (ILM) on Crown or public land. This coordinated development is especially important in the more environmentally sensitive areas of the province in which Talisman operates, such as Caribou Management Areas.
A Dynamic Environment Globally, the economic recovery has been remarkably robust, with surprising strength in demand for oil products. Uncertainties remain, however, and the strength and durability of the recovery remains at least a little uncertain. In North America, they have seen a dislocation between natural gas and oil prices, as a result of the success of shale drilling. Longer term, this abundant source of clean energy will surely play a major role in the US power sector. However, to secure such a future, their industry must do a better job of communicating the environmental benefits, the security and longevity of shale gas to consumers and regulators.
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For now, gas in North America remains oversupplied, and it may take another 18-24 months to normalize. However, we believe oil prices to be underpinned due to the robust demand, and tightening spare capacity balances. We are confident that Talisman is well positioned in such dynamic conditions, with a diverse portfolio, and flexibility in our capital programs.
Strong Operating Performance Production for the year came in ahead of expectations, with strong underlying growth from
the second half onwards, fuelled by growing shale volumes and new production records in Southeast Asia. With the portfolio now set for ongoing production growth and continuing improvement in the cost base, Talisman is now positioned for sustainable, profitable growth. Looking forward, our portfolio now supports ongoing growth from North American shale (natural gas and liquids) and Southeast Asia. This is underpinned by a decade of sustainable (mostly liquids) production from their North Sea assets and conventional properties in North America. Talisman replaced 164% of production with proved reserves in 2010, excluding the impact of price revisions. They continue to reduce our replacement costs, which were down 35% over 2009, with a two-year reduction of 63%. The cost to replace proved developed producing reserves was 54% lower than in 2009. This underpins improving profitability into the future. Net income was up in 2010, reflecting improved operating performance, higher commodity prices and gains on financial instruments. Cash flow was lower due to lower cash proceeds from derivatives and higher cash taxes. However, the key take away is that the underlying performance and cost base of the company continues to improve.
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Making busin
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EVA is one of the world’s leading logistics companies, providing end-to-end design, implementation and operational capabilities in freight forwarding, contract logistics, transportation management and distribution management.
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-Tom Parker
ness flow - Chris McKenzie
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hey offer every customer a service tailored to their specific needs, built on our formidable experience across a broad range of market sectors. They have particular expertise in automotive and tires; technology; consumer and retail; industrial; publishing; energy; aerospace; and healthcare. CEVA is a non-listed company, owned by affiliates of Apollo Management LP, one of the leading private equity investors in the world employing more than 49,000 people and run a global network with facilities in more than 170 countries. For the year ending 31 December 2010, the Group reported revenues of â‚Ź6.8 billion. www.industryleadersmagazine.com October 2011
In August 2007, CEVA was created from the merger of two great companies with complementary strengths: TNT Logistics and EGL.
EGL CEVA’s freight management pedigree comes courtesy of EGL, which was founded in Houston, Texas in 1984 as EagleUSA Airfreight. After experiencing strong and rapid growth in the early 1990s, the company initiated a public offering in 1995 and began trading on the NASDAQ. In 1997 it began to focus on international business and by 2000 EGL was recognized as a global force, with operations in more than 100 countries. To properly reflect its expanded transportation and logistics services, shareholders ap-
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proved the change of name to EGL Eagle Global Logistics. In August 2007 EGL was bought by Apollo Management LP and left the NASDAQ. EGL became part of CEVA Logistics at this time.
TNT Founded in Australia in 1946, TNT steadily developed an enviable reputation in the contract logistics market. In 1996 it was acquired by Dutch postal and telecom company KPN; two years later the telecom and postal divisions of KPN were separated. The new company, called TNT NV, was then organized around three divisions: TNT Logistics, TNT Express and TNT Post. At the end of 2005 TNT announced its intention to sell its contract logistics activities and in the autumn of 2006 TNT Logistics was sold to affiliates of Apollo Management LP. The company was renamed CEVA Logistics in December 2006. Supply Chain Asia Logistics Awards 2011 The annual awards organized by Supply Chain Asia (SCA) are designed to recognize and commend companies and key individuals in the logistics and supply chain community for their excellence and contribution to the industry. Finalists in each category were first selected through online public voting. CEVA was a finalist in several categories including Global 3PL and Seafreight Forwarder of the
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Year. Winners in each category were then selected by an independent panel of judges comprising Asia’s leading supply chain industry experts. CEVA beat four other finalists in the Airfreight Forwarder category to emerge as the winner for 2011. Didier Chenneveau, CEVA’s President of Asia Pacific commented: “I am very pleased that CEVA has been presented with the Airfreight Forwarder of the Year award in Asia Pacific. This is a great achievement, particularly by our Airfreight team, and shows that CEVA is delivering service excellence and innovative solutions that are acknowledged within our industry as best practice.”
As a global 3PL provider, CEVA is well positioned to deliver value that benefits customers through integrated end-toend supply chain solutions combining Freight Management and Contract Logistics services.
CEVA’s strategic collaboration with core carriers and continued focus on increasing operational efficiencies to support its customers’ logistics needs have enabled the company to stand out competitively in Airfreight management. As a global 3PL provider, CEVA is well positioned to deliver value that benefits customers through integrated end-to-end supply chain solutions combining Freight Management and Contract Logistics services. “The Supply Chain Asia Logistics Awards is now in its 10th year and continues to celebrate the achievements and contribution by supply chain players. This is the first time that CEVA has won an SCA award in Airfreight management; which is a highly competitive category. December 2011
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John Patullo CEO, Ceva Logistrics
CEVA’s achievements in providing innovative and quality Airfreight services are being recognized by industry peers, and are a leading example for the others to follow,” said Frank Paul, Supply Chain Asia’s Publisher. Supply Chain Asia, together with its SCA publication is a long established platform which allows industry professionals and companies to network, share information and further knowledge in the supply chain industry.
Global Reach CEVA has a global network covering over 170 countries with over 1,200 sites. Around the world, they leverage our sector-focused expertise, global and local resources and advanced technologies to deliver a complete spectrum of supply chain
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services. Within the business they employ some of the leading experts in sector know-how and logistics expertise who support our customers in delivering the best solution to meet their needs. CEVA’s goal is to be the most admired company in the supply chain industry by exemplifying Unity, Growth and Excellence in everything they do.
To keep themselves focused on achieving this vision they are creating a strong and integrated business with people at its very heart. To achieve this they have developed a series of values and brand imperatives which helps them all act in a way that will steer the path to meet their www.industryleadersmagazine.com October 2011 them on vision of becoming the most admired.
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Larger than Life
The Super luxurious two October 2011
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o wheeled machines
October 2011
- Richard Meryn www.industryleadersmagazine.com
The Ecosse Spirit ES1 The Ecosse Spirit ES1 was just officially unveiled recently at the US MotoGP race at Laguna Seca. Motorcycle News got a sneak peek at the bike, the “F1 bike on two wheels�, just prior to the unveiling. For a cool $3.6 million, one lucky rider will get the chance to build the racing bike of his or her dreams, the Ecosse Spirit ES1. ECOSSE SPIRIT was formed by the two exceptional U.K. F1 engineers and the U.S. designer/ manufacturer to bring extraordinary concepts to the motorcycle world. Their first model, ES1, is set to make motorcycle history. The design drivers behind the bike are relatively simple: light
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weight, low aerodynamic drag and improved rider ergonomics. But achieving profound improvements in all areas has required genuinely inventive steps to bring F1 technology to the motorcycle world. Using state-of-the-art CAD, FEA and CFD software, the ES1 features: - Integrated & fully stressed engine/ gearbox - Novel Suspension design - Optimization of aerodynamics, ergonomics and packaging
The ESI has a frameless chassis with unique suspension design at both ends of the bike. The front and rear suspension use torsion springs fitted on the swing arm pivots and F1 spec dampers mounted directly between swingarm and engine.
Sure it’s a racing bike, but a few modifications could make it street legal, no problem. I know it might be a tad cold outside to start thinking about motorcycles, but the Ecosse Spirit ES1 is hot enough to warm you up a little. Sure it’s a racing bike, but a few modifications could make it street legal, no problem. And what street wouldn’t be better off when graced with its aerodynamic, eyecatching design?. The Ecosse Spirit ES1 was introduced with great fanfair. The bike was somewhat revolutionary due to its chassis design, which allows the rider to ride lower on the bike and keep his knees together. The carbon fiber body is extremely lightweight, which increases maneuverability and speed.
Motoczysz: Usually the same set of principles for making cars go fast work the same when applied to motorcycles. However, there are fundamental differences which need to be taken into account when the highest performance is required. For instance, with an automotive chassis, race cars generally want to be as stiff as possible while this is not always the case when there are only two contact patches on the ground. This is because lateral flex allows some “give” when the bike is leaned over. Some also believe that some extra steering input is given by the rear tire when the chassis flexes, allowing the motorcycle to handle better when leaned over. Another area where motorcycles differ from cars is aerodynamics. Because of October the basic relationship, width is www.industryleadersmagazine.com 2011 rider\bike crucial when it comes to motorcycle racing
aerodynamics. The height is almost preset by the rider; you can only crouch so much! But, the width of the bike allows designers the ability to shorten the bike by shortening the distance between the riders knees. Motoczysz has taken this idea and run with it. They believe that by halving the engine width by arranging the four cylinders in a staggered “V� pattern that they can make up the lower output they will achieve by adding a coupling set of gears on the crankshaft with the increase in aerodynamic efficiency that the design will allow. They are also building in adjustable lateral suspension movement in their innovative front fork arrangement.
Motoczysz is not the only would-be manufacturer that plans on pushing the boundaries of motorcycle design. Ecosse Spirit has taken standard motorcycle design and thrown it in the garbage with much of the design of their new ES1 bike. Their bike design does not have a conventional chassis at all. The arrangement allows them to place the rider lower on the bike and keep his knees close together. This design forced them to move the pivot of the swingarm up from its normal placement. One constant between the two radical bike designs is extensive use of carbon fiber for the bodywork and chassis components. After
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all, the lighter you can make the bike, the less power you require to stay competitive. Chassis design for bikes is a bit of a black art and might allow the most room to grow from where the industry is at now. Innovative designs like these could allow them to vault to the front of the podium, or, fall flat on their faces. We look forward to finding out which one it will be!
Ducati Desmosedici RR: The Ducati Desmosedici RR is a limited production road-legal version of the Desmosedici MotoGP racebike.
Ducati made 1,500 Desmosedici models for public purchase. The bike was launched at the 2006 Italian MotoGP event. The entire 500 unit allocation for the United States sold out in five hours. In 2004, Ducati announced that a low volume bespoke replica of the Desmosedici would be available beginning in 2006. Termed the Desmosedici RR (Racing Replica), it was claimed to be the first true road replica of a MotoGP racing bike. Priority for ordering was given to Ducati 999R owners, with production projected at one bike per day at a retail cost ofUS$72,500 and GBÂŁ40,000.
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The price included a three year warranty and servicing, cover, and a racing kit including a raceonly exhaust system, a slip-on muffler, and complementary fuel and ignition mapping in a “race ECU�. It also included enough sponsor stickers to fill both sides of the bike. The bike was eventually launched at the 2006 Italian MotoGP event at Mugello, with production beginning in December 2007 and the first customer orders delivered from January 2008.
Ecosse Heretic:
October 2011
Larger than Life
Produced in very limited numbers by Coloradobased boutique manufacturer Ecosse Moto, the Heretic (pictured
www.industryleadersmagazine.com
above) is an interesting combination of the custom cool and artsy detailing found on high-end choppers, with the top-quality parts and focus on performance of a racing-inspired sportbike. The Heretic offers an array of options and trim levels (ranging in price from $49,800 to $140,000+), allowing customers to specify a machine with everything they need, and nothing they don’t. The minimalist frame highlights (in chromoly, or titanium on the top-of-the-line model) the massive V-Twin engine (capacities from 1640cc to 1966cc are offered, some with machined-from-billet blocks, a la MotoGP prototypes), and the details are just as impressive, with nearly every component large and small designed and manufactured in-house using precision CNC-machining processes. While there would be a lot of people ready to throw down this kind of cash to get one of the 100 Heretics Ecosse plans to produce, the Heretic is interesting both because of it’s beauty and as an example of what could be done with a noholds-barred, clean-sheet, high-budget approach to designing a modern street bike.
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Events & Tradeshows December 123 2011
Energy International Conference on the Developments in Renewable Energy Technology : 05-JAN-12 to 07-JAN-12 International Conference on the Developments in Renewable Energy Technology is a remarkable effort towards generating a critical awareness about the renewable energy technology in South Asia. International Conference on the Developments in Renewable Energy Technology will be delivered with active participation from renowned industry leaders and will prove to be very beneficial for all the attendees. Venue: United International University, Dhaka, Bangladesh IEEE International Symposium on Power Electronics for Distributed Generation Systems : 09-JAN-12 to 11-JAN-12 International Symposium on Power Electronics for Distributed Generation Systems is a conference whose prime focus is on the latest technological advancements and developments of power electronics and distributed generation. This conference is solely dedicated to the developments and advancements of power electronics and distributed generation through discussions and interactions and sessions on several delineations, layouts, evaluations, and many other practical and theoretical processes. Venue: Aalborg Congress & Culture Centre, Aalborg, Nordjylland, Denmark THETIS EMR International Convention & Exhibition: 11-JAN-12 to 12-JAN-12 The World Future Environment Exhibition will be arranged to focus a vast range of areas related to the Renewable energy, Energy smart technology, Environment etcetera. The World Future Environment Exhibition will invite numerous global experts such as Frank Ackland, Regional General Manager, Digital Energy, GE, United Arab Emirates; Afshin Afshari, Manager - Energy Management, Masdar City, United Arab Emirates; Tayeb Al Dijani, Founder and Managing partner, Atlas International Company, United Kingdom etcetera to discuss & to share their expert opinions. Venue: HANGAR 14, Bordeaux, Gironde, France World Future Energy Conference : 16-JAN-12 to 19-JAN-12 The World Future Environment Exhibition will be arranged to focus a vast range of areas related to the Renewable energy, Energy smart technology, Environment etcetera. The World Future Environment Exhibition will invite numerous global experts such as Frank Ackland, Regional General Manager, Digital Energy, GE, United Arab Emirates; Afshin Afshari, Manager - Energy Management, Masdar City, United Arab Emirates; Tayeb Al Dijani, Founder and Managing partner, Atlas International Company, United Kingdom etcetera to discuss & to share their expert opinions. Venue: Abu Dhabi National Exhibition Centre, Abu Dhabi, United Arab Emirates
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Manufacturing Surf Expo - January 2012 : 12-JAN-12 to 14-JAN-12 Surf Expo is produced twice annually for manufacturers and retailers in the Board, Beach and Fashion industries. Held in January and September in Orlando, Florida, Surf Expo draws buyers from specialty stores across the U.S., the Caribbean, Central and South America and around the world. Surf Expo features more than 2,000 booths of apparel and hardgoods and a full line-up of special events, including fashion shows, annual awards ceremonies, and skate and other boardsport demos. Venue: Orange County Convention Center - Orlando, Florida USA Food Manufacturing and Safety Forum 2012 : 25-JAN-12 to 26-JAN-12 This Summit brings together leading Food Manufacturing and Safety Professionals from across North America with a program that demonstrates Plant-wide optimization strategies - enhancing productivity through continuous improvement and lean operations. It also demonstrates the Eco-manufacturing strategies - analyzing the ROI of energy, water and waste reduction. Venue: Westin Galleria Dallas, Texas USA Steel and Steel Making Raw Materials Conference: 27-JAN-12 to 29-JAN-12 International Conference on Steel and Steel Making Raw Materials is organized every year, with a prospective to address the challenges before the Indian Steel Industry. Increasing price of raw materials like coking coal and iron ore and scarce supply worldwide has become one of the key concerns of steel makers around the world. Venue: Taj Palace Hotel, New Delhi, Delhi, India Automotive Green Production : 30-JAN-12 to 01-FEB-12 Automotive Green Production is a perfect summit for the car and vehicle manufacturing companies in Europe where they can learn tricks and techniques about the genuine developments in the sphere of production ecology. The importance of reducing energy and resource consumption are increasing each and every day and researches in the sphere of reducing energy and resource will be discussed in the congress by a panel of experts. Venue: Hilton Mainz Hotel, Mainz, Rheinland-Pfalz, Germany
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Construction ACRECONF: 12-JAN-12 to 13-JAN-12 ACRECONF is known for addressing issues revolving around various topics like tall buildings, engineered building operations, high performance buildings, green buildings, HVAC and building services, hotels, hospitals, education/industry, infrastructure/mixed use, data centres, integrated townships, etc. This conference has being a huge success in the past and is expected to draw a large number of crowds in the coming days. Venue: India Habitat Centre, New Delhi, Delhi, India SteelOrbis Rebar and Wire Rod Conference: 23-JAN-12 to 23-JAN-12 SteelOrbis Rebar and Wire Rod Conference during the World of Concrete is a conference of its kind that aims to bring together all such experts and individuals who are related to the industries of concrete, masonry and construction. This is a must attend conference for all those who are related to these industries since it has always been very difficult to meet all such individuals who are related to these particular industries under one roof. Venue: Planet Hollywood Resort & Casino, Las Vegas, Nevada, United States Of America SURFACES 2012: 23-JAN-12 to 26-JAN-12 SURFACES is the ONE event where thousands of floor covering retailers, distributors, architects, designers, builders and installers from all over the world come to discover new products, trends, installation techniques and network with their peers. More importantly, within 72 hours they will place orders and leave with decisions made about their 2012 floor covering purchases and business relationships. Venue: Mandalay Bay Convention Center Las Vegas, Nevada USA 2012 World Of Concrete: 23-JAN-12 to 27-JAN-12 Since 1975, World of Concrete has been the industry’s ONLY annual international event dedicated to the commercial concrete and masonry construction industries. Featuring indoor and outdoor exhibits leading suppliers showcasing innovative products and technologies, exciting demonstrations and competitions, a world-class education program, and the information you need to help sustain and grow your business. Start the year off strong at World of Concrete! Venue: Las Vegas Convention Center Las Vegas Nevada USA
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Food & Beverages Dairy Forum: 15-JAN-12 to 18-JAN-12 Dairy Forum 2012 is an upcoming conference, highlighting the latest trends of the dairy industry. It will broadly bring all the stake holders of the dairy sector together. They will discuss about the new trends and innovations in the dairy sector. Further, the conference will be inculcating some eminent topics like Nutrition & Health, Food Safety & Defense, Global Markets, Environment & Sustainability and Labeling & Standards. Venue: La Quinta Resort & Club, La Quinta, California, United States Of America ICC India International Grains Conference: 16-JAN-12 to 18-JAN-12 ICC India Grains Conference is a pioneer attempt in its category. The theme of the conference is Developments in Grain Science and Technology to Ensure High Quality, Safe and Healthy Grain based Foods. The conference is presented as the joint venture of International Association for Cereal Science and Technology and International Crops Research Institute for the Semi Arid Tropics. Venue: Eros Hotel - Managed by Hilton New Delhi Nehru Place, New Delhi, Delhi, India Global Forum for Food and Agriculture Berlin: 19-JAN-12 to 21-JAN-12 The theme of this forum is: Food Security through Sustainable Growth Farming with Limited Resources. The global food situation remains tense. This year’s Forum will produce many good ideas and specific approaches to solving the problems in hand. The discussions will be focused on population growth, the rising demand for energy and raw materials, climate change and the different resource endowment, structure and culture of the various countries. Venue: Berlin International Congress Center, Berlin, Germany European Food Manufacturing and Safety Summit: 30-JAN-12 to 31-JAN-12 European Food Manufacturing and Safety Summit is one of the biggest conferences of its kind which mainly broods over key challenges and future strategies that food and beverage manufacturers are facing now a days. Improving efficiency, quality and boosting profitability are the main motto of this summit where delegates from different corners of the globe will come and share their genuine insight as well as practical challenges they have faced in their lives. European Food Manufacturing and Safety Summit will cordially invites key delegates from various food companies, strategy makers etc to share their views and latest updates in the sphere of food and beverage manufacturing. Venue: Grand Hotel Huis Ter Duin, Amsterdam, The Netherlands
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Supply Chain Maritime Logistics: 30-JAN-12 to 31-JAN-12 Maritime Logistics will be held as a part of Pacific. The conference will discuss the role of Australia in world shipping. Case study presentations, panel discussions and policy perspectives, roundtables and general sessions will comprise the conference program. The conference will also present an international keynote on the theme “Are we returning to maritime nations?�. Environmental management for ports and going green across the maritime supply chain will be important topics of discussion at the conference. Maritime Logistics will be a great opportunity for naval officers and defense personnel to meet and interact with colleagues who will gather from the whole of Australia and neighboring countries. Venue: Sydney Convention & Exhibition Centre, Sydney, New South Wales, Australia Tunnelling World Middle East: 31-JAN-12 to 01-FEB-12 The conference Tunnelling World Middle East will invite many professionals like Transport Authorities, Government Ministries, Rail Operators and Municipalities. The conference will discuss about various How to develop current and proposed tunnelling projects and How to identify opportunities for new tunnelling contracts. Participants will get an opportunity to demonstrate service capability in front of correct audience. The conference Tunnelling World Middle East will provide an opportunity to the participants to collaborate with experts, professionals and people who have huge knowledge of the field from around the world. Venue: Madinat Arena, Dubai, United Arab Emirates UPAKOVKA / UPAK ITALIA: 24-JAN-12 to 27-JAN-12 UPAKOVKA / UPAK ITALIA, International Trade Fair Machinery and Equipment for the Manufacture of Packaging, Packaging Machinery, Confectionery Machinery, Packaging and Packaging Aids, Logistics. Venue: Expocenter Krasnaya Presnya Moscow, Moscow, Moskva, Russia Intermodal Asia: 09-FEB-12 to 10-FEB-12 The 5th Intermodal Asia 2012 proves to be highly effective in dealing with various issues of transport and logistics. Organized by Transport Events Management Limited at Melbourne, Australia, the event is organized along with 2 days conference for analyzing logistics and transport situation at both domestic and international level. Various exhibitors include ship brokers, ship agents, freight forwarders, ship owner etc. of all over globe. Venue: Intercontinental Melbourne The Rialto, Melbourne, Victoria, Australia
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