Issuu

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May 2011

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The Team Editorial Carrie Ann, Editor-in-Chief

Vrushti Mawani, News Editor

Richard Meryn, Associate Editor

Aubrey Chang, Associate Editor

Design Jani V., Art Director / Creative Head

Christy Gren, Industry Specialist Reporter

Marketing Kevin Paul, Sr. Graphic Designer

Patrick Jam, Advertising Coordinator

Zaina Ava, Design Associate

Fred Berkeley, Marketing Director

Nick Howard, Project Director

Rachel Allen, Project Director

Christine Taylor, Project Director

Project Management Jason Miller, Project Director

Tom Parker, Project Director

Technology John Hancock, Head - Web Department

Julia Zimmerman, Project Director

Finance Controller Le Manh Cuong, Sr Software Coordinator

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Julia Hunt, Magazine Production

RR Baratiya

May 2011

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Editor’s Blog by Carrie-Ann Industry Leaders Magazine has been providing business news and information across various industry sectors from different parts of the world. We have been publishing stories about milestones reached by companies through phenomenal efforts and winning strategies. While China is struggling to curb inflation that might threaten global economic growth, as an effective move China’s central bank raised interest rates and the deposit reserve ratio in an effort to cool the nation’s overheating economy. Our cover story of May 2011 issue, is weaved around the recent overheating of the Chinese economy and the struggles of the Chinese government for cooling it down for good. The story has been expressed very well on the cover page with Zhou Xiaochuan, Governor of People’s bank of China and Wen Jiabao, the Prime Minister of China are desperately trying to pull down the fast-moving economy. How could we not cover the much awaited royal marriage in Great Britain. Though it is said that they had tried to keep the costs low, here’s an interesting account of what the majestic marriage cost the commoners in the U.K. All this and more… Regards,

Carrie Ann

Editor-in-Chief. Industry Leaders Magazine.

May 2011

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May 2011

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Features

Contents

Gold Soars beyond $1500, Riding high on a nervous global economy... what's pushing up the price of precious metals to stupendous highs ?

48 60 60

The $14trillion Federal Deficit... the Government Shutdown this almost caused, and the fight ahead... the spending cuts that lawmakers agreed upon and the plans proposed to tackle the budget deficit issue. 7

May 2011

Cover Story The Pull-down Rule As opposed to developed economies like USA, Europe and Australia with GDPs of 3.1%, 0.3% and 0.7% respectively, the Chinese Government's recently released figure of the country currently witnessing a 9.7% economic growth rate, is phenomenally high. So why is China trying to cool down its off-the-charts economy that is seemingly doing so well ? And how are they trying to achieve this ?

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May 2011

Contents Regulars 12 The Latest in Business. 20 Toys for the BIG Boys 26

The WOW ! Quotient

Marriage Majestic

68 26 42

Solazyme a renewable oil and bioproducts company and the leader in algal biotechnology, functioning in the fuels, chemicals, nutritionals, and skin & personal care markets...

This monthâ€™s M&A Highlights.

than Life: 112 Larger Executive Lifestyle Special

121 Industry Events & Tradeshows Toys for the Big Boys

78 78

20 www.industryleadersmagazine.com

May 2011

IL&FS IL&FS Transportation Networks Limited (ITNL), is one of the largest BOT road asset owners in India. ITNL acts as a developer, operator and facilitator of surface transportation infrastructure projects... 8

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Company Profiles

Port of Antwerp

88 96

104

This eye scintillating Port, the second largest in Europe, and claiming to be the sole Trimodal Port in North-West Europe, has positioned Antwerp as a very important rivet in International trade...

104 Bajaj Hindusthan

With fourteen sugar plants conveniently located in the northern India, Bajaj claims to be India's Number one sugar and ethanol manufacturing company.

Bentley

Head-Space

“

Disneyland is a work of love. We didn't go into Disneyland just with the idea of making money.

“

- Walt Disney 9

May 2011

Contents

With an age-old mission statement which says, “To build a good car, a fast car and the best in class”, Bentley Motors is dedicated to making responsive and powerful Grand Tourers with the stamina to cross continents at pace, and drive in refined comfort and style

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May 2011

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The latest

Business

Beelining Volkswagen’s all new macho 2012 Beetle? Volkswagen’s iconic Beetle, revamped to be more appealing to the market of male car buyers, takes on an all-new look with a slicker, less curvy body. Officially unveiled in New York, Shanghai and Berlin in the latter half of April 2011, Volkswagen’s 2012 Beetle - after the 1998 Beetle, VW chooses to call this one simply the 21st century Beetle - has been designed to re-establish its popularity with men. A flatter roof, a less voluptuous body and more angular windows, constitute the Beetle’s first overhaul in 14 years, and have been made in line with VW’s vision

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Vrushti Mawani

of trebling its U.S. sales of cars and trucks over the next ten years. 71.2 inches wide and 168.4 inches long, the 2012 Beetle is bigger, equipped for the first time with an auto start system, 19-inch wheels, sport seats and an 80% larger panoramic roof as compared to the previous model. Given the 82% decline in the Beetle’s 2011 sales in the U.S over the first quarter, despite a 15% rise in overall VW sales, a lot is being expected of the new 2012 version. How much the new car will cost is yet to be announced.

May 2011

BAT’s new tobacco-free nicotine: Nicoventures British American Tobacco (BAT), estimated to be the world’s second largest tobacco group by global market share, has confirmed reports of having established Nicoventures Limited, a start-up company that aims to commercialize sans-tobacco nicotine products which could help wean smokers off its cigarettes.

May 2011

A natural extension of the company’s approach to tobacco harm reduction that has been developed by BAT over recent years, Nicoventures will be managed separately from the group’s tobacco businesses. With the aim of providing adult smokers with a variety of non-tobacco based options which would offer the same experience as a cigarette without the real and serious health risks of smoking, Nicoventures is looking at entering a market that to date has not been explored.

The Latest in Business

A bold move you think ? Sure – in terms of creating a product that directly competes with the primary product of the group. But also a very market-responsive move, given that reactions to the dangers of tobacco and smoking tobacco-based cigarettes are becoming more wide-spread globally.

Richard Meryn

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The latest in Business

Solazyme unveils anti-ageing skin care line Algenist™ Solazyme has launched Algenist™, their new anti-ageing skin care line, by collaborating with beauty retailer Sephora® and leading global multimedia retailer QVC®. They were looking for nothing in particular, just for a new substantial something, when they stumbled upon alguronic acid, and voilà! We have Algenist, a potential new best friend for every 50-year old in the world, the new anti-aging skin care line that will be retailed at Sephora.com. The suggestion of starting a wellness/ beauty range was made six years ago by

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Carrie Ann

one of Solazyme’s consultant. The history of algae-containing beauty products is becoming quite well-known, given the current over-100 algae-derived ingredients used in making beauty products worldwide. Tony Day, the vice president for research and development at Solazyme, said in a statement to The New York Times that the patent-pending alguronic acid in Algenist is a “single, purified, highly bioactive compound (delivering) much higher activity to the skin” than products using only a microalgae extract.

May 2011

DHL’s Green Fleet Introduced in New York One of the world’s leading logistics company, DHL, introduced a convoy of environmentally-friendly delivery trucks in Manhattan, as part of their “green initiative” towards reducing the impact created by the company’s services on the city’s environment. This initiative by DHL was inaugurated in New York by Frank Appel, CEO of Deutsche Post DHL.

May 2011

order to save our environment for future generations.” As part of the 80-vehicle Green Fleet, DHL Express will operate 30 Americanmade, battery-powered electric vans and 50 hybrid trucks, which will work towards reducing CO2 emissions by cutting down fossil fuel use by more than 50 percent each year in comparison to conventional vehicles. In the past year, DHL has upgraded its delivery vehicles worldwide, including in several European and Asian countries as well as in Brazil, Mexico, Colombia, Ecuador and Paraguay in the Americas.

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The Latest in Business

Presenting the first 80 green vehicles, Appel said, “Sustainability, especially the reduction of carbon emissions, is a central aspect of our business and an integral part of our corporate strategy. As the global leader in logistics we are ideally positioned to foster climate protection in

Aubrey Chang

The latest in Business

Spin it for The Green Revolution: Make your Sweat Matter

Vrushti Mawani

Make your spin matter more each time you power on with The Green Revolution!

out on a bike that generates electricity as you power on.

If youâ€™re a spin enthusiast, you have almost certainly gone through the stats on how much energy you burn for your every 40-minute session. And just as definitely, the more energy you burn, the more awesome you feel at the end of your spin class.

According to Jay Whelan, founder and CEO of The Green Revolution, an average household needs approximately 600 kilowatts of electricity for its annual needs. Consider this is light of the fact that a group cycling class of 20 spin bikes, if it operates four classes a day, would be able to produce 600 kilowatts of electricity from the human effort that is spent in cycling in just two months.

The Green Revolution lets you double your feel-good factor by letting you work

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May 2011

U.S Housing shows Recovery; New Home Sales rise by 11.1% Following three straight months of declining new home sales, the American housing market displayed a small recovery in the month of March, with an 11.1% rise in the number of new homes being bought in the worldâ€™s largest economy. The rise in the number of new homes sold in March was accompanied by a 2.9% rise in the median sales price, as compared to a month earlier, according to the Commerce Department.

Tom Parker

This comes as a significant relief for the U.S housing market, which is now in the fifth year of declining sales. The 11.1% rise in new home sales is equivalent to a seasonally adjusted rate of 300,000, higher than the market estimate of around 280,000. As a result, figures for February results were also revised, and increased from the previously reported 250,000 to 270,000.

The Latest in Business

May 2011

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May 2011

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Toys for the Big Boys

”

Submerged in Luxury

Ever been tempted by the thought of owning your own private luxury submarine ? Well, if you've got a spare $1,690,000 that you dont know how to spend, you can own one.

Triton 1000,

a 2-person, minimum volume configuration offered by U.S. Submarines’, is an easy to pilot luxury submersible, built specifically for deployment from megayachts.

Weighing 3.3 tons, and overall height and length of 1.8 m and 3.0 m respectively, the Triton has been designed to easily will fit the avergae mid-level boat deck. Providing fantastic visibility alongwith full airconditioning and luxury leather seating, the Triton sets a very high bar in terms of the luxury submersible experience that it offers.

image courtesy tritonsubs.com

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May 2011

This Month's Gadget Goss Hasselblad's

Richard Meryn

H4D-60,

currently positioned as the world's most expensive digital camera, is described by its makers as the a camera that "never settles for 'good enough'".

image courtesy hasselblad.ru

Never Settle for

May 2011

60 Mpixel, 40 x 54mm, surpassing existing industry standards for performance, resolution and quality in medium format DSLR cameras. Improved controls and functionality, better sensor cooling, a super-intuitive user interface alongwith advanced lens performance and optical corrections make the H4-D 60 an absolute musthave camera for those who strive for unsurpassable results. www.industryleadersmagazine.com

Gadget Goss

Good Enough

Priced at $40,000, this Hassel features a

Toys for the Big Boys

Bond-style Personal Propulsion

The dream machine of every man worth his testosterone - this rocket belt, priced at $250,000, propels you up in the air, total James Bond-style. Designed and produced by Mexicobased Tecnologia Aeroespacial Mexicana, your fully-tested, custommade flying rocket belt enables you to soar in the skies at over 10 miles per hour.

As part of the steep price you pay for this super-toy, you also get a special machine to make our own unlimited supply of rocket fuel, hands-on training in the process and the equipment, flight training of 10 flights in your own rocket belt, maintenance and setup training, and 24/7 expert support.

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May 2011

image courtesy tecaeromex.com

This Month's Gadget Goss

Levitate

image courtesy hoverit.co.uk

The Lounger,

away, Hoverit's Lounger is the chair for you.

Priced at $13,366, Hoverit's Lounger levitates by using repelling magnetic forces in both the bed and base.

Available in four options, the difference being different shaped holes in the seat part - circular, hearts, droplets or slots - the typical lounger is available in transparent acrylic. For an additional price though, you can get your custom-made lounger in the colour you choose from those availble.

Changing the rules of conventional furniture, if you're looking for the perfect seat to lie back and let your stress dissolve 23

May 2011

Suitable for outdoor as well as indoor use, the size of the Lounger is 2m x 1m x 1m.

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Gadget Goss

by British company Hoverit Ltd., offers a gravity-defying lounging experience, for all those of you looking for a float-on-the-cloud feel for a not-too-high price.

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May 2011

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The

WOW!

Marriage Majestic!! image courtesy officialroyalwedding2011.org

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May 2011

! Quotient

Vrushti Mawani

Royal Wedding to cost

$70 million T

he wedding of the year finally happened! Prince William tied the “Windsor Knot” with Kate Middleton, at Westminster Abbey, in the presence of 1,900 people on 29th April 2011. And while the couple has reportedly tried to keep their budget tight, cost estimates of the wedding hover at between $50million to $80million. Modest by royal standards? Maybe. But given Britain’s current economic situation, a $70million long bill, for a 27

May 2011

wedding attended by almost 2000 guests, still seems pretty stupendous. Putting this total cost in perspective, Chelsea Clinton’s wedding in June last year cost only around $5million. So what’s the split-up of the immediate costs related to this very wow-inspiring majestic marriage cost? How much of this did taxpayers pay for? And, which businesses benefitted the most from this shebang?

Security Cost: Approximately $33 million Constituting the largest portion of the total expense incurred over the wedding, the security provisions made for this royal affair over-shadow even the $12million www.industryleadersmagazine.com

! Quotient The WOW

Marri security put in place when the G20 protests took place in 2009 in London. London police accompanied the bridal procession, and armed military personnel escorted the couple from the church service. With the day having been declared a national holiday, officers were paid double time. According to Scotland Yard Deputy Commissioner, Sir Paul Stephenson, 5,000 police officers were scheduled to be on patrol on the day of the wedding, alongwith about 200 mounted police and 35 sniffer dogs. This huge chunk of wedding cost will be paid for by Britainâ€™s taxpayers. And sure, all of Scotland Yard was on their toes trying to secure every corner of London for the event, but theyâ€™re going to be that much richer for it also!

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May 2011

iage Majestic

image courtesy officialroyalwedding2011.org 29

May 2011

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! Quotient

Marriage Majestic Floral Display Cost: $800,000

The WOW

London-based designer Shane Connolly was chosen by the royal couple for creating the floral displays for their April 29th wedding. Mr. Connolly was responsible for directing a team of florists, including those at Westminster Abbey and Buckingham Palace, as well as florists c h o s e n individually by William and Kate, to create the floral displays at the venues related to the wedding events.

flowers and trees sourced from Royal Estates and other growers around the country. The flowers and plants include blossoms, azaleas, rhododendron, euphorbias, beech, wisteria and lilac.”

Constituting the largest portion of the total expense that will be incurred over the wedding, the security provisions made for this royal affair over-shadow even the $12million security put in place when the G20 protests took place in 2009 in London.

According to the royal wedding’s official website, “The floral displays in We s t m i n s t e r Abbey feature a variety of seasonal growing and cut British

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May 2011

Published prior to the wedding, the website gives further details of the planned floral display, saying “The floral displays in the Abbey will include eight 20 feet-high trees: six English Field Maple and two Hornbeam. All the trees will be growing in planters, which have also been designed by Mr. Connolly and which were made by craftsmen at Highgrove, The Prince of Wales's Residence in Gloucestershire”

May 2011

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! Quotient

Marri

Kate Middleton’s Cake Wedding Dress Cost: Approximately $78,000

A bridal gown becomes an heirloom in the most ordinary of families. So how could one not expect an over-the-top bridal dress for the lady who’s getting hitched to the Prince of Wales?

Leicestershire-based cake designer Fiona Cairns created a multi-layered traditional fruit cake, decorated with cream and white icing, following a strong British floral theme using elements of the Joseph Lambeth technique, for the royal wedding.

The WOW

Cost: between $300,000 to $450,000

Kate Middleton’s wedding dress cost has been estimated at between $300,000 to $450,000, as opposed to the average U.S wedding dress cost of about $1,000. With massive curtains of secrecy drawn across the dress to be worn on The Day, information that Sarah Burton of the Alexander McQueen label had designed Kate's wedding dress was finally made public after the wedding All costs related to Kate's wedding outfits, including her 6-figure wedding dress, were borne by the Middletons.

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The prince and his betrothed chose Fiona for their special occasion because of her 25-year long experience, creative style and beautifully-crafted handmade cakes using traditional British ingredients. Additionally, the couple also asked McVitie's Cake Company to create a chocolate biscuit cake – made from a Royal Family recipe, one of Prince Williams’ favourites for the Buckingham Palace reception.

Other Costs While the above components comprised some of the most significant chunks of total expenses associated with the royal wedding, other components like accommodation for guests, music, food, etc., obviously ran up pretty long bills too.

May 2011

iage Majestic

Fiona Cairns, creator of the Royal Wedding cake image courtesy officialroyalwedding2011.org image courtesy James Law Cybertecture 33

May 2011

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! Quotient

Marri

Reportedly, the Queen and Prince Charles paid for the $600,000 luncheon reception and dinner reception, while Britain's taxpayers were responsible for shelling out $63,000 for cleaning the streets of Westminster the day before the wedding.

The WOW

Music played at the royal wedding was recorded, and for the first time in history, be immediately released digitally by Decca Records. The Choir of Westminster Abbey, The Chapel Royal Choir, The London Chamber Orchestra and The Fanfare Team from the Central Band of the Royal Air Force constituted the groups of musicians who performed at the ceremony.

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May 2011

iage Majestic The Royal Wedding and Britain’s Economy 29th April, the day when Kate and William got married, was declared a national holiday. And, according to estimates by the Confederation of British Industry, shutting down the British economy for 24 hours for the royal wedding cost the country $6billion, constituting the biggest cost of the event. With U.K facing a fiscal deficit of $256-billion this year, this extra $6billion is a very dear loss for the nation. What’s worse, the wedding fell smack bang in the middle of a string of other holidays, leaving only three working days between April 22 and May 2. As a result, many businesses stayed shut through the entire 10-day period, with related lost productivity liekly removing $47-billion from economic output, according to an estimate by accounting firm RSM Tenon. There is one small compensation though. Tourism and merchandise related to the royal wedding are likely to boost Britain’s economy by about $1billion.

Royal Wedding memorabilia & souveniors Prince William and Kate Middleton stamps 35

May 2011

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May 2011

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Number Crunchingly Good

Riding high on a nervous global economy

Gold soars beyond $1,500 T

he precious yellow metal, true to its tradition of breaking record highs when the rest of the economy is in doldrums, shot to $US1527.70 on the 28th of April 2011. www.industryleadersmagazine.com

The consistent increase in gold prices is being considered a result of slow economic growth in the west, fuelled by Japanâ€™s nuclear May 2011

May 2011

as well as rising inflation fears in China. Following a similar trend, silver, one of the biggest growth stories in the www.industryleadersmagazine.com

Metals and Mining News

crisis, Standard & Poorâ€™s downgrade of their forecast of the U.S economy, given the American economyâ€™s sovereign-debt situation,

Number Crunchingly Good precious metals markets, soared to a 31year high of $US45.964 an ounce. In addition to the reasons stated above, a big contributor towards gold and silver reaching these record prices was speculation that borrowing costs will be raised at a slow pace by the U.S Federal Reserve, and the related weakening of the dollar, which boosted the appeal of the metal market as an alternative asset.

While at the start of this year, many gold investors cashed in and traded gold for other forms of investment, this sentiment seems to have changed considerably since. On the other hand, some analysts are also attributing these dramatic price hikes in gold and silver to their relatively smaller markets. Co-manager of the U.S. Global Investors Global Resources Fund, Brian Hicks, said in a

The consistent statement, “Gold and Gold & the West silver still have not gold price rise surpassed their inflation Alongwith S&P having is being fuelled adjusted highs like lowered their ratings of so many of the other the U.S by putting the by Japan’s commodities have. world’s biggest economy Gold and silver are on a “negative credit nuclear crisis, still extremely small watch”, worries regarding markets.” the American a looming Eurozone crisis has played an important economy’s A long-term role in pushing up the price of gold to this new sovereignbull-run? record high. debt situation, World Gold Council figures And while analysts Standard & say that investment in believe that one of the the precious yellow metal principle factors for the Poor’s downgrade increased considerably in continuing gold price of their forecast 2010, touching a figure rise is that people think of £6.1bn in 2010, a the U.S is losing control, of the U.S substantial jump from the uprisings in the Middle East and North Africa economy, as well previous year’s £5.5bn. region, and related oil as rising inflation According to market price hikes have also analysts, this continuing played their parts in fears in China. increase in the price of upping gold price. www.industryleadersmagazine.com

May 2011

gold is likely to go on for another four years. Forthcoming price rises however, might not follow as dramatic an upward curve as they have in the last year. David Lennox, a commodities analyst with Fat Prophets said in a media statement, “We don’t think America’s perceived rating will improve anytime soon and this is the driving force behind our expectation of gold’s continued price strength. Our next target for gold is $1,590 an ounce.”

World Gold Council figures say that investment in the precious yellow metal increased considerably in 2010, touching a figure of £6.1bn in 2010, a substantial jump from the previous year’s £5.5bn.

and derivatives.

Ronald Leung, director of Lee Cheong Gold Dealers from Hong Kong, said in a statement, “Sentiment is still bullish, we can say. The dollar is weakening and there is no solution to the situation in Libya. There’s a downgrade in the U.S. rating and there’s still uncertainty in the euro zone. It’s messy around the world,” said in Hong Kong… But I think gold is rising too fast. We are waiting for some kind of correction in the near future...”

May 2011

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Metals and Mining News

With a similar forecast, GFMS, metals consultancy firm has predicted gold prices reaching $1,600 per ounce by the end of the year.

Estimates of above-ground gold supply world-wide figure at around $6 trillion, of which $3 trillion is in the form of bullion. Half of the leftover $3 trillion reportedly lies in central bank vaults, while the other half is in private hands. As opposed to this, global financial assets are currently estimated at around $200 trillion, discounting real estate

Equinox accepts takeover bid by

Barrick, Minmetals withdraws Carrie Ann

Equinox,

Australian copper miner, announced late last month that it had accepted the $7.1 billion takeover offer by the world’s biggest gold miner, Canadian Barrick Gold. Barrick’s offer, being significantly higher than the $6.5billion proposal bid by Chinese miner Minmetals Resources, meant that Minmetals had to withdraw their offer and walk away from the deal; a blow to China’s latest acquisition attempt in the Australian mining sector.

Deal Figures & Terms According to statements made by Equinox, the copper-miner believed that the acquisition offer put forth by Barrick recognized the value and potential of the company, and presented an attractive www.industryleadersmagazine.com

deal for the company’s shareholders. Peter Tomsett, Equinox chairman, said “The board, in conjunction with our financial and legal advisors, has made a thorough assessment of the options available to us, and determined that the value and certainty offered by this transaction is an excellent opportunity for our shareholders to realise significant value.” With Barrick having offered $C8.15 per share for acquiring Equinox, the Canadian gold miner’s bid figured about 16% higher than Minmetals’ proposal. The Chinese miner’s $C7 per share offer for Equinox had been dismissed earlier this month by the Australian copper-miner, with Equinox’s management calling this offer “opportunistic” and “lowball”.

May 2011

Given the current steady increase in price being witnessed by copper, Craig Williams, CEO of Equinox said that taking up Barrickâ€™s $7.1 billion offer would allow shareholders the opportunity to cash in their holdings at a substantial premium.

government sanctions from all countries involved, i.e., Australia, Zambia and Canada. Terms of the deal also include Equinox having to give up its takeover bid for Canadian copper miner Lundin.

Equinox, 70% stakeholder of the Jabal Sayid copper project in Saudi Arabia, also owns the Lumwana copper mine in Zambia. Acquiring Equinox would mean that Barrick would be able to double their volume of copper production.

China and the Australian Mining Market

Involving a $C250 million break fee, with the offer opening today for 35 days, this acquisition deal is subject to 66% acceptance rate, and still awaits 43

May 2011

Minmetals Resources, one of Chinaâ€™s largest metals trading houses, was looking forward to becoming a global base metals trader through its acquisition of Equinox. Having acquired majority shares of Australian company, Oz Minerals, in 2009 www.industryleadersmagazine.com

M & A Highlights this month

Barrick Gold CEO, Aaron Regent

LSE Chief Xavier Rolet with TMX Chief Thomas Kloet www.industryleadersmagazine.com

May 2011

for A$1.7bn, Minmetals had been looking at expanding its position in the global metals mining sector. Having to walk away from the Equinox deal came as a big blow to the Chinese miner, with the company’s shares falling by 13% in Hong Kong on Tuesday, following reports that Minmetals had withdrawn from the deal.

intense debate in Australia regarding the long-term implications of Chinese stateowned companies increasing their stakes in the country’s resources.

Chinese state-owned companies have made quite a few moves in the recent past towards acquiring Australian mining companies that would allow China to expand its foothold and tap into Australia’s huge natural reserves. These moves by Asia’s largest economy have sparked off

However, any possibility of Minmetals offering a higher price for Equinox was ruled out by Andrew Michelmore, when the Chinese mining company’s CEO said that the offer made by Barrick was higher than Minmetals most optimistic assessment of the value of Equinox.

Lumwana copper mine, Zambia

May 2011

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M & A Highlights this month

75% stake in Minmetals is owned by state-owned China Minmetals Corp.

While this sentiment could have played an important role in Equinox rejecting Minmetals’ offer earlier this month, some market analysts feel that the Chinese miner might have been successful had they upped their offer.

May 2011

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May 2011

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May 2011

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Vrushti Mawani

Chinese

Government

announced in the latter half of last month that the current growth rate of the country’s economy is 9.7%; a performance way higher than that presently being witnessed by any of the world’s other top economies. Following this, and a report by the Chinese Government, that foreign currency reserves of the People’s Bank of China, the country’s central bank, had increased by 24.4% over the past year, and as of end of March 2011 amounted to $3.04 trillion, with market analysts predicting these to rise to $4 trillion by next year, China has put forth a number of measures to slow down its economy that is currently doing so well; the primary fear here being the social instability and collapse in manufacturing and export that would come about if China’s inflation levels rise dangerously high.

May 2011

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Cover Story

While China, the world’s second-largest economy, is trying desperately to cool down its off-the-charts economic growth, on the absolute opposite end of the spectrum are countries in the West struggling massively with debt issues and

China's Economy

The Pull-Down R

economic growth levels less than half of China’s, a prime example being the U.S Government, driving the world’s largest economy, which came to within an hour of shutting down early last month, because of the impasse between lawmakers about how to resolve the $14trillion federal debt the country has accumulated. While the shutdown was averted by a last-minute deal between the Republicans and the Democrats, the fear leading up to this possible economic crisis was massive, with Obama saying “We’ve been working very hard over the

faced by China because of its off-thecharts economic growth, the financial strategies being put in place by the Chinese Government towards helping the country regain economic balance, and what it hopes to gain from putting these into effect.

China's current growth rate, at 9.7%, is significantly higher than that presently being witnessed by Too Fast to be any of the world’s other top economies, Sustainable? while foreign currency While developed reserves of the PBOC economies like USA, Europe and Australia have increased by 24.4% with current GDPs 3.1%, 0.3% and over the past year, and of0.7% respectively (according to as of end of March tradingeconomics. 2011 amounted to $3.04 com), are trying trillion, with market desperately to figure out ways analysts predicting these of boosting their economic growth, to rise to $4 trillion by China’s move of obviously trying next year. to cool down its

last two years to get this economy back on its feet… For us to go backwards because Washington couldn’t get its act unacceptable.”

together

Why is China trying to slow down its economy which is currently doing so well? Here we look at the current challenges www.industryleadersmagazine.com

economy – with the PBOC directing the other large banks in China to reduce the amount of funds available for loans, and instead focus on setting aside larger cash reserves – comes forth as an absolute contrast to what the rest of the world is May 2011

Rule

“

Foreign-exchange reserves have exceeded the reasonable levels that we actually need… The rapid increase in reserves may have led to excessive liquidity and has exerted significant sterilization pressure. If the government doesn’t strike the right balance with its policies, the build-up could cause big risks

“

- Zhou Xiaochuan, Governor, People's Bank of China

trying to do.

Zhou Xiaochuan, Governor of China’s central bank said in a media statement in Beijing late April, “Foreign-exchange reserves have exceeded the reasonable 51

May 2011

PBOC’s directive to the other big banks of China to set aside funds to accumulate larger cash reserves is a clear sign that the pace of economic growth that China is witnessing is being considered too fast by the Chinese Government. Having firmly established its position as one of the most important cogs driving global growth, China cannot afford the risk of hitting the ceiling because of sudden, high inflation which would undoubtedly result from an off-the-charts GDP growth.

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Cover Story

Indicative of just how fast China’s economy is growing, and unveiling fears of overheating, are two announcements by the Chinese Government in the second half of April; that the current growth rate of the country’s economy is 9.7% - a performance way higher than that presently being witnessed by any of the world’s other top economies – and that foreign currency reserves of the PBOC had increased by 24.4% over the past year, and as of end of March 2011 amounted to $3.04 trillion, with market analysts predicting these to rise to $4 trillion by next year.

levels that we actually need… The rapid increase in reserves may have led to excessive liquidity and has exerted significant sterilization pressure. If the government doesn’t strike the right balance with its policies, the build-up could cause big risks.”

China's Economy

The Pull-Down R

High Inflation Rate: NoCan-Do for China Why? Because, to start with, a high rate of inflation would become an obstacle for China, with its population of 1.3 billion people, to continue functioning as the world’s low-cost workshop – and this in itself could cause the country’s economy to break down pretty soon.

Chinese Government about the country’s consumer price index having risen 5.4% over March – the highest rise recorded in almost three years – the country’s policymakers are obviously worried. As a broader, more global impact, very rapid economic growth and related

Also, given the recent uprisings against authoritarian governments in the Middle East and North Africa, social instability that could result from high inflation rates is also a very real worry. The recent truckers strike at the world’s busiest container port, the Port of Shanghai, is a precursor to what could happen if inflation rates continued to rise. The Port of Shanghai surpassed Singapore’s position as the boss of all container ports worldwide, and at present, approximately 80,000 containers move through the Port of Shanghai in a day. The workers strike here, in response to the 12% jump in food prices, has already considerably affected shipments in and out of Shanghai, and is representative of the effect that rising inflation would have on Chinese society. Dramatic consumer price rises in the past have been known to lead to civil unrest in China, and with the announcement by the www.industryleadersmagazine.com

May 2011

Rule inflation in China would cause price rises in developed economies across the world, which use China as their manufacturing hub. With low economic growth rates and sovereign-debt issues having become serious problems for much of the Western world, these price rises would only worsen the financial problems these countries are

already faced with.

Measures to tame inflation With an overall market sentiment that estimates China’s inflation problems as way more worrisome than the figures presented by the government, a number of measures – like higher interest rates on loans and increased restrictions on banks issuing loans – have been put in place by the Chinese Government to discourage borrowing and to encourage savings.

Image courtesy tantaonews.com

May 2011

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Cover Story

Sharp rises in CPI and Food Prices in China

And according to Zhou Xiaochuan, Governor of the PBOC, this directive that has been issued to banks to lock up cash, will continue for a while.

China's Economy

The Pull-Down R

In the past, China has deliberately kept the Yuan - also known as the Renmibi - low enough to reduce manufacturing costs, so as to continue functioning as the world’s low-cost production hotspot, and through this, retain competitiveness in the country’s enormous export sector Amongst other measures, efforts are being made by the government to curb food prices by way of increasing agricultural subsidies. Some reports also say that the Chinese government has tried to prevent price hikes of some consumer goods. In a statement at the Boao Forum for Asia, PBOC Governor Zhou spoke about the new set of financial strategies, saying “Our monetary policy will continue to move from moderately loose to prudent… (the Chinese Government) will remove the monetary factors that are related to inflation”. Diversifying the nation’s accumulated reserves through investment agencies such as China Investment Corp., the country’s sovereign wealth fund, as www.industryleadersmagazine.com

Zhou Xiaochuan, Governor of the P Image courtesy uk.ibtimes.com

well as exercising vigilance where the real estate market is concerned and taking “counter- cyclical” measures to rein in soaring property prices are other measures put forth by Governor Zhou – though the extent of implementation of the latter remains debatable, given that despite a number of efforts by the Chinese Government to pull the brakes on real-estate escalation, property prices in China’s cities – especially the second and third tier cities – continue to escalate. A number of policy measures have been introduced by the Chinese government since last year to curb real estate inflation, May 2011

Rule

PBOC

strategy requires China to frequently buy American dollars and issue more Yuan, which as a direct consequence increases the supply of money in the domestic money supply and intensifies inflationrelated pressures.

Role of the Yuan

So, an obvious measure that is being suggested by policy-makers and academics towards curbing China’s inflationary pressures is accelerating the appreciation in the Yuan and making more use of the nation’s currency.

May 2011

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Cover Story

including raising interest rates, raising down-payment requirements, directly restricting home purchases, imposing price control targets in Beijing and Shanghai and the latest trial of charging a real estate tax in Shanghai.

China's Economy

The Pull-Down R

According to Chinese Prime Minister Wen Jiabao, the appreciation of the Yuan as against the American dollar could possible play a significant role in controlling the rise in China’s CPI. Hu Xiaolian, deputy governor of the nation’s central bank echoed this, saying in a statement that greater flexibility in the position of the Yuan in context of global currency rates would ease inflation-related pressures.

The flip side… Appreciation in the Yuan could help rein in inflation by relieving pressure on the country’s central bank to keep buying foreign currency and issuing more Renmibi, and reducing excessive liquidity in China’s market.

overtake that of the U.S. by as early as 2020. Outlining the economic and social overhaul the country is likely to witness over the 2011-2020 decade which include another 15-20% of its population moving to cities, China climbing up the global value chain as well as building the world’s most extensive and fastest public transportation system, Lu said in his report “After three centuries, 2011-20 could be China’s great comeback decade as the world’s largest economy, featuring massive economic and social changes”.

Empty Housing in Shanghai

However, the flip side of this coin could be that gains in the Renmibi might draw hot money to china if the flow of capital is not supervised carefully, which in turn would increase market liquidity and further fuel inflation. Presenting the other side of this entire debate of needing to cool down China’s economy by controlling inflation and bringing down prices, some market analysts seriously believe that higher food prices are good for China, given that these directly boost agricultural income. Ting Lu, a Hong Kong-based economist wrote a report earlier this year, which predicted that China’s GDP is likely to www.industryleadersmagazine.com

Rule Appreciation of the Yuan as against the American dollar could possible play a significant role in controlling the rise in Chinaâ€™s CPI... On the other hand, gains in the Renmibi might draw hot money to China, if capital flow is not supervised carefully, which in turn would increase market liquidity and further fuel inflation.

Cover Story

April 2011

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May 2011

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May 2011

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Making News

the U.S Government shutdown that almost happened, over a

$14 trillion Federal Deficit and the fight ahead...

While a last-minute deal struck late on the night of 8th April 2011 between the Democrats and Republicans, the widespread chaos that wouldâ€™ve resulted from the U.S Government shutdown was averted. However, the deal, U.S President Barack Obama warned, is likely to bring on some of the biggest budget cuts the country has seen till now. Based on getting rid of a $38bn (ÂŁ23bn) budget that had been reserved for important

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Fukushima Nuclear Station 58

World Business News

U.S federal debt currently figures at $14 trillion, with an additional $830 billion run up in debt by the U.S government in the first six months of fiscal 2011 federal programmes, the deal that saved the U.S government from shutting down will mean that a number of infrastructure projects that people were looking forward to will be delayed. In a radio address, Obama spoke about the critical circumstances that made this deal the only way to avoid the shutdown, saying that “Some of the cuts we agreed to will be painful. Programmes [that]

people rely on will be cut back. Needed infrastructure projects will be delayed. I would not have made these cuts in better circumstances”.

The deal that avoided the shutdown The Republican front, led by Boehner, had initially wanted a much larger budget cut than the $38bn eventually agreed upon, and had declined to pass the 2011 budget unless this happened. With federal debt currently standing at $14 trillion, and an additional $830 billion run up in debt by the U.S government in the first six months of fiscal 2011, the Republicans had been blaming the Democrats of avoiding a few billion dollars in cuts, when the country’s government would soon need trillions to meet their needs. The Democrats had been accusing the Republicans of furthering their stand on social issues through the focus of their demands on budget cuts in areas such as Planned Parenthood.

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Making News

the U.S Government shutdown that almost hap

Boehner got spending cuts amounting to a total of $78 billion – $40 billion in the form of increases to agency budgets and $38 billion in the form of spending cuts. The Republicans, spun on by their win last November in the House of Representatives, had initially demanded for $61 billion in cuts to keep the country running. As the shutdown grew closer, the Democrats conceded and on Wednesday made a counter offer of $34.5 billion. Boehner, however, not to seem wobbly, wouldn’t give in repeating in meetings with Democrats that “Nothing will be agreed to, until everything is agreed to.”

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As part of the demands made by the Republicans, Boehner had been pushing for restricting government funding on abortions in the District of Columbia as well as a provision that would limit funds allocated for and handed out to nonprofit groups that provide abortion services across America, including Planned Parenthood. According to sources in the Oval Office, with only 24 hours left for the shutdown process to begin, Obama told Boehner May 2011

ppened, over a $14 trillion Federal Deficit and the fight ahead...

The final deal which avoided the Government from shutting down includes Boehner, while getting the D.C abortion provision that Obama offered him, dropping his demand to take away Planned Parenthood’s funds. Boehner also got spending cuts amounting to a total of $78 billion – $40 billion in terms of increases to agency budgets proposed in addition to the $38 billion in the form of spending cuts.

Massive Ahead

“John, I will give you D.C. abortion. I am not happy about it”. This wasn’t enough though, because on the morning of the Friday before the shutdown would take effect, Boehner’s staff was reported as asking for more cuts. When the Democrats did not budge any further, two hours before Friday midnight, Boehner announced to the Republicans that a deal had been reached.

May 2011

Fight

This massive impasse, though averted, marks only the beginning of the much harsher rounds of negotiations that are expected in the coming months when Congress takes up the issues of the nation’s debt ceiling issue and the fiscal year 2012 budget. “It’s the first big step in the right direction,” said former House Speaker Newt Gingrich and possible Republican presidential candidate. “John Boehner got the largest spending cut in history.”

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World Business News

John Boehner v/s Harry Reid: The impasse that brought on possibilities of a U.S Govt. Shutdown

Budget

Making News

U.S Government Federal Deficit

Tax the Rich: Obama’s New Plan Following Obama’s openly voiced concerns about the final deal, including a number of funding cuts that he otherwise wouldn’t have approved of, Obama’s senior advisor David Plouffe announced across a number of television shows that the President would announce a new plan, in the week following the shutdown drama, that would help bring down the trillions of dollars in federal deficit that the country has currently accumulated. And key to this new plan would be taxing the rich a little bit more.

According to Plouffe, a prime highlight of Obama's new deficit-reduction plan included going against the GOP Plan that would make the Bush tax breaks for the rich permanent and instead pulling back the tax cuts that Americans earning more than $250,000 a year are entitled to. Speaking on NBC’s ‘Meet the Press’, Plouffe said, “I think the president’s goal — and he’s been clear about this – is to protect the middle class as we move forward here… So [wealthy] people like [Obama] … who’ve been very fortunate in life, have the ability to pay a little bit more.”

Plouffe talks about Obama’s New Plan image courtesy topics.politico.com www.industryleadersmagazine.com

May 2011

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Making News

U.S Government Federal Deficit

At loggerheads with Paul Ryan’s GOP Plan U.S President Barack Obama, in the deficitcut plan he announced on April 14th, proposed a $4 trillion deficit-cut over the next 12 years. In sharp contrast to the GOP Plan, the key features of Obama’s plan included being more committed towards supporting the weaker sections of society, while ending Bush-era tax cuts for the rich.

to the 2012 budget plan he put forth a few weeks ago. Already, this represents a “coming closer of numbers”.

In sharp contrast to the GOP Plan, the key features of Obama’s plan include being more committed towards supporting the weaker sections of society, while ending Bush-era tax cuts for the rich.

The GOP Plan, if implemented would do the exact opposite – making deep cuts into the Medicaid and Medicare programs, while making the Bush-era tax cuts permanent. While Obama’s plan, if implemented, would offer an estimated cut in deficit by $4 trillion over 12 years, Ryan’s GOP Plan promises a $6 trillion slash over the next decade. While Ryan’s plan and Obama’s plan are positioned at opposite ends of the spectrum, Obama's new proposal still involves a tripled deficit cut, as compared www.industryleadersmagazine.com

Obama’s stance of standing by the middle-class, given his views on entitlements and higher taxes for America’s richest citizens, obviously makes a lot of political sense.

Ryan’s plan on the other hand focuses strongly on the $14trillion debt issue, and given the party’s victories late last year gives them the benefit of wanting to get the math right for the long-term betterment of the country. The recent figures of a slow-down in the U.S economy's first quarter growth - down to 1.8% from 3.1% in the last quarter of 2010 - indicate that deep spending cuts by the government are already holding the economy back. Sky-rocketing oil prices, and a struggling U.S housing market further hamper growth. Lets just hope Federal Reserve chairman Ben Bernanke's predictions of these factors easing off soon, come true.

May 2011

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Solazyme Renewable Oil for fuel, for food, for life

olazyme, Inc. is a renewable oil

and bioproducts company and the leader in algal biotechnology. Using industrial fermentation equipment to efficiently scale and accelerate the microalgae's natural www.industryleadersmagazine.com

oil production time to just a few days, Solazyme's feedstock flexible platform has the ability of utilizing a wide variety of plant-based sugars, like sugarcane-based sucrose, corn-based dextrose, and sugar May 2011

image courtesy Gwyndon

from other biomass sources including cellulosics. Solazyme microalgae

using fermentation tanks to convert photosynthetic plant sugars into oil, in effect utilizing "indirect photosynthesis."

grows their proprietary in the absence of light May 2011

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Solazyme

Renewable Oil for fuel, for food, for life

Renewable Oil Markets

Fuels

Solazyme oils aim to address many of the challenges associated with traditional oils, such as constrained supplies, volatile pricing, and potentially negative and irreversible environmental effects.

Global demand for alternative fuels is increasing everyday due to population growth, increased attention to energy security, and environmental policy mandates.

Offering oils that can be tailored to address key performance properties of petroleum and/or other natural oils, the "drop-in" nature of Solazyme's tailored oils enables compatibility with existing production, refining, and distribution infrastructure in each of the biofuel-maker's target markets. The company believes that the greatest market needs their biofuel technology platform can address are in the fuels, chemicals, nutritionals, and skin and personal care markets.

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May 2011

For example, the E n v i r o n m e n t a l Protection Agency set 2011 renewable fuel standards volume requirements at 1.35 billion gallons of advanced biofuels. And the U.S. Navy's goal is to operate at least 50 percent of its fleet on clean renewable fuel sources by 2020. Achieving this objective will require a significant use of biofuels. There's also a growing market for tailored oils to compete against other biofuel sources, such as soy oil in Brazil and rapeseed oil in Europe.

Biofuel from Corn

May 2011

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Solazyme

Renewable Oil for fuel, for food, for life

Nutritionals

Chemicals Petrochemicals are another significant oil market, estimated at $611 billion. In addition, attractive opportunities exist in the oleochemicals (derived from fats and natural oils) market. In 2009, about 9 million metric tons of palm kernel and coconut oils were consumed globally for food and industrial applications such as laundry detergent, soap, and shampoo. Meanwhile, functional fluids (derived from either petroleum or other conventional oils), such as airplane de-icing fluids, must meet strict industry requirements and possess specific physical properties, which increases their market value potential.

“

The $2 trillion packaged food industry is actively seeking more natural, sustainable sources of fiber and healthful fats without compromising value, quality, taste, or nutrition.

The $2 trillion packaged food industry is actively seeking more natural, sustainable sources of fiber and healthful fats without compromising value, quality, taste, or nutrition. Food systems are complex, and Solazyme tailored oils can be crafted specifically to achieve the performance and shelf-life properties of food products. Solazyme's tailored oils are a natural fit for these markets. Solazyme has announced partnerships in the chemical markets with Unilever and The Dow Chemical Company. www.industryleadersmagazine.com

“

May 2011

Food systems are complex, and Solazyme tailored oils can be crafted specifically to achieve the performance and shelf-life properties of food products. Solazyme has partnered with Roquette Frères to launch SolazymeRoquette Nutritionals, a joint venture commercializing a suite of microalgaederived food ingredients.

May 2011

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Solazyme

Renewable Oil for fuel, for food, for life

Health Sciences Our Health Sciences business is targeting the global skin and personal care market, which is estimated at $323 billion. Within this market, we target (1) toiletries, makeup, and hair care, estimated at $239 billion, and (2) skin care, estimated at $84 billion. Consumers are staying active and living longer, and their desire to appear youthful will continue to drive growth in the beauty and personal care markets.

and jet fuels. Solazyme's fuels, being compatible with existing infrastructure, meet industry specifications, and can be used with factory-standard engines, without modifications. Currently, Solazyme is collaborating with Chevron, UOP Honeywell, and additional

Solazyme has developed microalgaederived skin care products and signed distribution deals with Sephora International, Sephora USA, and QVC. Unique to our business, we are entering into to this market with Solazyme branded products, including Algenist.

Meeting the growing need for renewable fuels Petroleum touches nearly every aspect of our lives. Solazyme creates clean, low carbon, renewable advanced biofuels that meet the ever growing demand of fuel supply. These fuels are produced in-spec and "drop-in" ready. Solazyme's tailored oils provide costeffective, high-quality "drop-in" replacements for marine, motor vehicle, www.industryleadersmagazine.com

industry leading refining partners, to produce SoladieselRD速 renewable diesel, SoladieselHRF-76速 renewable diesel for ships, and Solajet速 renewable jet fuel for both military and commercial application testing. In 2010, we delivered over 80,000 liters of algal-derived marine diesel and jet fuel to the U.S. Navy,

constituting the world's largest delivery of 100% microbial-derived, non-ethanol biofuel. Subsequently, Solazyme was awarded another contract with the U.S. Department of Defense for production of up to 550,000 additional liters of naval distillate

Solazyme CEO, Jnatham Wolfson and CTO, Harrison Dillon image courtesy ecofriendlymag.com

May 2011

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May 2011

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IL & FS Tran Networks Lim

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May 2011

nsportation mited

Building Better Networks

May 2011

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IL&FS Networks

Transportation

Limited

(ITNL),

promoted in November 2000 by Infrastructure Leasing & Financial Services Limited (IL&FS), is one of the largest BOT road asset owners in India. ITNL acts as a developer, operator and facilitator of surface transportation infrastructure projects, taking projects from conceptualization through commissioning to operations and maintenance.

May 2011

ITNL had initiated an Initial Public Offering (â€˜IPOâ€™) of its equity shares which was concluded in March 2010 and the shares were listed on the National Stock Exchange of India Ltd (NSE) and Bombay Stock Exchange Ltd (BSE) on March 30, 2010. ITNL is a market leader in the transportation infrastructure sector in India with its portfolio comprising 22 projects in various

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ITNL has also ventured into development of projects in transportation sub-sectors such as Railways, Urban Transportation Systems and Border Check-posts. ITNL is currently developing a metro rail project in Gurgaon, an emerging business and software hub close to New Delhi; a border check post project for the central Indian state of Madhya Pradesh; and operating a city bus transportation network in the city of Nagpur, a major commercial and political centre in the state of Maharashtra in India.

4-Lane Highways executed by IL&FS Transportation Networks Ltd. 79

Transportation Networks Ltd

presence in 14 states covering the length and breadth of India and has projects in various stages of commissioning as well as commissioned projects thus offering significantly de-risked and scalable business model.

IL&FS

stages of development with an aggregate cost of about USD 8.14 billion. The project portfolio of ITNL has an optimum blend of revenue from ‘toll’ and ‘annuity’ based projects, is geographically diversified with

building better networks

ITNL is a market leader in the transportation infrastructure sector in India with its portfolio comprising 22 projects in various stages of development with an aggregate cost of about USD 8.14 billion

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May 2011

Highly regarded across India for the superior building practices they follow, the GHV Group is especially wellknown for high quality construction of flexible bituminous pavements, concrete rigid pavements for air strips and construction of national highways. A key driver of the GHV Group’s success is their belief and practice of adapting global technology and knowhow to local conditions and terrain. This has helped them maximize the impact and benefits of projects they execute over the longer term. GHV also offers a “design-build” service, which integrates operational and construction processes with design development. Devised primarily as a service for full-service hospitality facilities, the design-build process offers an optimized experience for guests, while also ensuring smooth operational processes and, consequently, better returns on investment. GHV’s project managers have extensive experience in managing the design and construction of full-service hotels across all stages, right from bidding, designing, procurement and warehousing to executing detailed interior design and installation. Leaders in innovation and engineering, with a diverse portfolio that demonstrates their values, vision and capabilities, the GHV Group presents itself as one of India’s leading infrastructure and construction companies driving growth in the country across a number of core sectors. GHV (INDIA) PRIVATE LIMITED AML Center-I, 8 Mahal Industrial Area, Mahakali Caves Road, Andheri (East), Mumbai 400 093 Tel: 022-67250014/15, Fax: 022-67250016 83

May 2011

In March 2008, ITNL commenced its international operations through the acquisition of Elsamex S.A. (“Elsamex”), a Spanish group involved in providing maintenance services primarily for highways and roads in many European and Latin American countries. ITNL is today positioned as an unique infrastructure company with a diversified asset base, financial and managerial resources, effective management systems and technology exposure, backed by strong managerial support from IL&FS. ITNL has been awarded the "Infrastructure Company of the Year - 2011" at the "Essar Steel Infrastructure Excellence Awards Ceremony" in association with CNBC TV18. ITNL was selected from amongst six short-listed firms, by an eminent jury consisting of panelists including senior administrative officials and industry stalwarts.

Transportation Networks Ltd

With over four decades of experience in building quality infrastructure across India, the GHV Group has executed a diverse range of projects, including construction of roads, bridges and flyovers, irrigation and earthworks as well as airport development and redevelopment. This management practice of the company, of making diversification a priority, has ensured consistent growth for the GHV Group.

IL&FS

The GHV Group is one of India’s leading infrastructure and construction companies, committed to excellence in performance towards building a better 21st century India.

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GHV India Pvt. Ltd.

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ITNL’s in-house Design Health Safety and support team Environment (HSE) ITNL has a fully functional in-house initiatives at ITNL design team, through which it has developed its capabilities for highway and structural design works. The design team’s expertise is also being leveraged to enable ITNL assess and develop Projects without relying entirely on the contracting agencies. The design team is also equipped with latest software for analyzing and design of highways and structures some of which include MX-Road, Stadd Pro. and Survey equipments including Dual Frequency Global Positioning System (DGPS), Total station and Digital level instrument etc. The inputs of the design team, have helped ITNL reduce construction costs, to optimize designs and improve the success of a bid and to assess the possible quantity variation and escalation risks. Besides design activities, an Independent Quality Audit Team (IQAT) has been formed as part of the design unit for carrying out quality check of works executed on various project sites.

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ITNL is an ISO 9001:2008 certified organization. Further, ITNL’s quality objectives emphasizes on adherence to safety and quality standards. In this regard ITNL aims to be ISO 14000 & 18000 certified by year end and is currently streamlining all its HSE initiatives to this effect There is a designated Safety and Quality Officer (SQO) for each of our Project sites, who are trained on all aspects of safety by a professional institute imparting safety training. They keep track of accidents at project site, analyse the data and identify weak spots, take necessary action to reduce accidents and also provide first aid to accident victims. All the project offices are equipped with adequate fire fighting systems and access to first aid. ITNL also ensures that the contractors appointed for the construction work at each site adhere to the best safety standards. The IL&FS Group has an Environment and Social Policy Framework (ESPF), which has been adopted by ITNL. The Environment Management Plan (EMP) is made part of the EPC Contract to ensure that all our Projects adhere to the best practices in environmental management.

May 2011

action is taken.

highways are being developed by ITNL.

ITNL’s initiatives social development

for

ITNL’s quality policy commits to providing world class infrastructure and to achieve customer satisfaction. ITNL believes that any development of physical infrastructure would comprehensively achieve its overall goals only if social infrastructure is simultaneously and sustainably developed. To achieve this goal ITNL has initiated “Project Parivartan” as a community development initiative, with a vision to build an empowered and transformed community across the highways. Parivartan will work in three major areas viz, education, employability and empowerment Parivartan is being implemented to empower communities along the NH-9 (between Pune and Solapur in the state 85

May 2011

The project aims at improving quality in 44 schools through various interventions such as; development of teachers through in – service training programs, use of innovative teaching and learning materials in the class rooms, integration of multi-media in delivering the curriculum and computer education programs for students and youth of the community. It is further envisaged to focus on health awareness and community welfare programs Parivartan’s impact on the social development of the region has been recognized through the award of the prestigious S<och Virtual Corporation Award, 2011.

Transportation Networks Ltd

of Maharashtra) and NH-33 (between Ranchi and Hazaribagh in the state of Jharkhand in central India) areas, where the

IL&FS

Weather monitoring systems installed in our commissioned projects constantly monitor the environment conditions on the road and where required the necessary

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ITNL’s Landmark Projects North Karnataka Expressway Limited (NKEL) (Belgaum – Maharashtra Border) NKEL carried out rehabilitation and widening of existing carriageway to 4 lane dual carriageway on Belgaum – Maharashtra Border section of National Highway no. 4 (NH – 4) including service road in the State of Karnataka under the annuity model on Built – Operate – Transfer (BOT) basis.

The Project was awarded by National Highways Authority of India (NHAI), the nodal agency instituted by the Government of India for developing National Highways of the country. The Project is a part of the “Golden Quadrilateral” - the most prestigious National Highway Development Programme undertaken by Government of India through the NHAI.

K Ramcha Transporta Essar Infra www.industryleadersmagazine.com

May 2011

and, Managing Director, IL&FS ation Networks Limited accepting astructure Excellence Award 87

RIDCOR has been selected for the “The Innovation Award for Road Transport in Developing Countries (InARoaD)” in the category of "Finance & Economics" by the International Roads Federation (IRF), Geneva”. This award recognizes the positive impacts of the improved road infrastructure and transport conditions on the quality of life of communities and for the contribution of the Project to poverty reduction.

Transportation Networks Ltd

The State Government of Rajasthan (a state in the north-western region of India) and IL&FS have set up Road Infrastructure Development Company of Rajasthan

Ltd (RIDCOR) as a 50:50 joint venture company for the effective leveraging of public and private expertise, to implement the single largest road sector project in the country taken up under the Public-Private Partnership (PPP) framework. The Project envisaged improvement of important North-South road corridors linking National Highways passing through the State aggregating a total length of 1,053 km, to world class standards at an estimated cost of over Rs. 1500 Crore.

IL&FS

Road Infrastructure Development Company of Rajasthan Ltd. (RIDCOR)

building better networks

ITNL’s North Karnataka Expressway Limited project is a part of the “Golden Quadrilateral” - the most prestigious National Highway Development Programme undertaken by Government of India through the NHAI.

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Port Of A Europe's Second-largest Port

his eye scintillating Port is the second largest Port in Europe, enveloped on the right bank of river Scheldt about 88km south-east of the North Sea. The Port of Antwerp claims to be the sole Trimodal Port in North-West Europe. The Port of

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Antwerpâ€™s intelligent connections with the most important centres of industry in Europe have channeled to Antwerp soaring as a very important rivet in the ramified International trade.

May 2011

Antwerp

May 2011

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Port of Antwer Eur One of the most significant centres of International Trade in Europe, the Port of Antwerp provides extra perk and elevations apart from just a loading and unloading point. Here goods are stored, repacked, distributed and geared up for transport to their final destinations. Antwerp's prolonged tradition as a trading centre of great significance for Europe has become increasingly well-known, with French President Nicolas Sarkozy recently calling the Port of Antwerp "the Largest French Port.”

Port of Antwerp Turnout According to figures recently released by the Antwerp Port Authority, over the first three months of 2011 the Port of Antwerp handled 47,374,451 tonnes of freight. This figure is 12.7% higher than that recorded over the same period last year. While 2008 was a record year in terms of the volume handled by the Port, the total freight volume, container volume as well as volume of liquid bulk recorded over 2011's first quarter are all higher than the level reached at the same point in 2008. The port of Antwerp has clearly shaken off the recession, even if the volumes of conventional/breakbulk and dry bulk www.industryleadersmagazine.com

continue to lag. “Both these sectors suffered heavily during the recession, but are slowly recovering. Moreover, the recovery is not simply related to the state of the economy,” declared Port Authority CEO Eddy Bruyninckx. In terms of t o n n a g e , container volume handled by the Port of Antwerp in the first quarter of 2011 grew by 7.8% to 26,240,633 tonnes,as opposed to 24,333,081 tonnes over the same period last year. In terms of s t a n d a r d c o n t a i n e r s (twenty-foot equivalent units) the volume was 2,172,323 TEU 7.9% more than in 2010, when 2,013,236 TEU was handled. The Antwerp container handlers have May 2011

rp rope's Second-largest Port Over the first three months of 2011, the Port of Antwerp handled 47,374,451 tonnes of freight, 12.7% higher than that recorded over the same period last year. Expeditor's freight services

Port of Antwerp image courtesy portofantwerp.com

May 2011

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May 2011

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Port of Antwerp Europe's Second-largest Port

never before had such a good first quarter. In the conventional/breakbulk field 2,926,057 tonnes of freight was handled, an increase of 11.7% compared with 2010. The best performer in this segment was steel, which rose in volume by 41.8% to 1,947,487 tonnes. For the rest there were mixed results for fruit (up 3.7% to 338,552 tonnes), paper and cellulose (down 47.3% to 191,901 tonnes), granite (up 15.6% to 82,526 tonnes) and non-ferrous metals (down 9.6% to 70,841 tonnes). The ro/ ro volume for its part is up by 24.1% to 1,001,865 tonnes, with the number of cars handled growing by 27.9% to 252,532.

“

hand crude oil declined by 7.2% to 1,255,516 tonnes. Dry bulk for its part experienced a rise of 13.3% to 5,253,620 tonnes. The rising trend was particularly marked for fertilisers (up 9.7% to 1,338,050 tonnes), coal (up 2.4% to 1,288,478

the Port Authority board of directors has approved a tonnes) and ore (up to 946,923 1.6 billion euro 63.5% tonnes). investment plan for During the first quarter the period between of 2011, a total of 3,741 ships called at now and 2025. This seagoing Antwerp, 6.9% more than ambitious longterm in the same period last year. The gross tonnage plan is aimed at was up by 15.5%, to 77.2 securing Antwerp’s million.’ competitive position Optimizing in the future. Accessibility

The volume of liquid and dry bulk rose overall by 20.4%, to 17,205,896 tonnes. Liquid bulk was up by 23.8% to 11,952,276 tonnes, bringing it above the record level of 2008. The increase of 34.6% in the volume of oil derivatives, to 7,818,893 tonnes, is particularly striking. The volume of chemicals rose too, from 16.9% to 2,759,198 tonnes. On the other 93

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The Port of Antwerp is readily accessible through a multimodal transportation network consisting of road, barge, rail, pipelines and feeder. The port is divided into two areas, the Right Bank and the Left Bank. Right Bank facilities include the Berendrecht Lock, the Bonaparte Dock, the Amerika Dock, www.industryleadersmagazine.com

Port of Antwerp Europe's Second-largest Port

the Albert Dock, the Delwaide Dock, the Europa terminal, the North Sea terminal and the MSC home terminal. The well formed port also portrays a petrochemical cluster, with five refineries with an annual distillation capacity of over 40 million tons. Also there are two large refineries connected with the Port of Rotterdam through the Rotterdam-

modest growth offers an opportunity to introduce a number of innovations. With its Total Plan the Antwerp port community has emerged from the past recession with new impetus. The results of this plan are already visible in many areas, and the various workgroups are as committed as ever."

“

A port is only as strong as its players, and the past year has demonstrated that On Growth over 2010, and the Antwerp port community prospects for 2011 is as strong as ever. Antwerp Pipeline (RAPL), which ensures the continuous supply of crude oil.

Marc Van Peel, Chairman, Antwerp Port Authority, and, Eddy Bruyninckx CEO "The past year has been marked by the growth in container volumes. Weekly visits by ULCSs (ultra-large container ships) are now a matter of routine. More and more of these ULCSs are being introduced. The challenge now is to maintain the delicate balance between supply and demand for container capacity, without disturbing the market. In the meantime, whether or not we will return to the growth rates of before the recession remains an open question. But we are convinced that this period of www.industryleadersmagazine.com

“

- Marc Van Peel and Eddy Bruyninckx "The fact that this commitment and the spirit of the Antwerp port community were recognised with the Lloyd’s List “Port Operator of the Year” award makes us particularly proud." "In the meantime the Port Authority board of directors has approved a 1.6 billion euro investment plan for the period between now and 2025. This ambitious longterm plan is aimed at securing Antwerp’s competitive position in the future. At the same time customers of the port will be further supported by freezing the port dues in 2011 at their 2010 level, which in reality corresponds to the level of 2008." May 2011

May 2011

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Bentley

The Good

ith modest beginnings, Bentley Motors was founded by W.O Bentley in 1919 when they launched the first Bentley engine at New Street Mews, London. After that W.O’s company went from strength to strength through the 1920s, with an evolving series of acclaimed motor cars and a parade of racing triumphs to prove their outstanding performance. These laurels were capped with www.industryleadersmagazine.com

five outright victories at Le Mans between 1924 - 1930 and a sixth in 2003. If they had mission statements in those days, it could not have been expressed more eloquently than in the words of W.O. himself, “To build a good car, a fast car and the best in class”. These words are just as relevant today as they continue to inform their beliefs, actions and May 2011

d, The Fast, The Best

May 2011

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Bentley

The Good, The Fast, The Best

ambitions for the future. Located in Crewe, England since 1946 and owned since 1998 by Volkswagen AG, Bentley Motors is dedicated to making responsive and powerful Grand Tourers with the stamina to cross continents at pace, and drive in refined comfort and style.

The dedication and determination that they bring to building their cars intensifies the unique experience every Bentley driver takes from ultimate relaxation to ultimate exhilaration. The task of a Bentley may be to take customers from A to B. But it’s how they get them there that demonstrates everything about the marquee.

More than any BENTLEY - other trait, power is the defining Redefined . characteristic at There are numerous the heart of their u n m i s t a k a b l e characteristics that brand. In a Bentley, define a Bentley: Handcrafted exhilarating it’s that distinctive driving experience. Yet it is the combination of surge, like a giant these characteristics hand pushing that makes the brand so unique. The six-time you towards the success at Le Mans has made Bentley more than horizon. In the way a car. It has come to stand the company does for a way of doing things, with spirit, flair, courage, business, it’s total instinctive intelligence self-confidence – and teamwork. Endurance racing has always been delivered with a a way for them to test, strengthen and improve very British sense their cars. of understatement. www.industryleadersmagazine.com

May 2011

More than any other trait, power is the defining characteristic at the heart of their brand. In a Bentley, it’s that distinctive surge, like a giant hand pushing you towards the horizon. In the way the company does business, it’s total selfconfidence – delivered with a very British sense of understatement. The Bentley way is to make things appear as effortless as possible. A Bentley is unmistakable – all it takes is a glance at the twin headlights, matrix grille or the high waistline to know one. The paradox of the car is that although it is instantly recognizable,

May 2011

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Bentley

The Good, The Fast, The Best

it takes time and effort to hand-build each one. That’s the assured Bentley hallmark. A hand-built car using the finest quality natural materials takes time. Yet, while others may do things ‘meticulously’ or ‘painstakingly’, Bentley has always been about passion. In fact, their entire reputation rests on the experienced skills and passion of their people, handed down through generations.

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Many of their people say that they work on each Bentley as if it were going to be their car. They want to get it right. It’s no wonder that every machinist who creates a set of upholstery signs the back of it with his or her initials.

May 2011

Bentley Cares for the Earth As a socially responsible manufacturer, Bentley has a comprehensive environmental policy to minimize impact on the local and global environment. As part of their effort, they have already introduced new manufacturing processes; reducing total energy consumption by almost thirty per cent in the past decade. Carbon dioxide emissions in the

manufacturing process have declined by more than twenty per cent, and water use has fallen by more than one fourth. The environmental improvement was a significant achievement, since it coincided with record production and a ten-fold sales growth to more than 10,000 cars annually.

As a socially responsible manufacturer, Bentley has a comprehensive environmental policy to minimize impact on the local and global environment. As part of their effort, they have already introduced new manufacturing processes; reducing total energy consumption by almost thirty per cent in the past decade. May 2011

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Bentley

The Good, The Fast, The Best

The integration of environmental values into the Bentley vision and brand signals an evolutionary step in Bentley’s history. The entire company is embracing green technology while remaining true to W.O. Bentley’s simple ambition: to produce “a good car, a fast car and the best in its class”.

These improvements are now being augmented in the vehicles themselves with an environmental solution that is both technically advanced and practical.

Bentley is embracing green technology while remaining true to W.O. Bentley’s simple ambition: to produce “a good car, a fast car and the best in its class”.

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Fastest on Ice Juha Kankkunen set a breathtaking world record of 205.48 Miles/hr in the continental supersports convertible driving on a sheet of ice in Feb 2011. He returned to the hazardous frozen waters of the Baltic Sea, off the coast of Finland, in the Bentley Continental Supersports Convertible, shattering his own 2007

world ice speed record of 199.83 Miles/ hr set in the Continental GT at the same location. Kankkunen and the team battled against temperatures of minus 30 degrees Celsius, limited daylight, snow blizzards and strong cross winds to achieve the extraordinary record on the 14km track, created atop ice just 70cm thick covering the frozen Bay of Bothnia.

New Leadership Wolfgang Durheimer has accepted the role as chairman and Chief Executive of Bentley motors at the Detroit motor show. Mr Dürheimer was presented with the keys to W.O. Bentley’s 1930 8-litre saloon, which was W.O. Bentley’s official company car, by Bentley’s outgoing Chairman and Chief Executive Dr FranzJosef Paefgen. Mr Dürheimer joins from Porsche AG where he was Executive VicePreseident, Research and Development. Dr Franz-Josef Paefgen will retire after over eight years at the helm, but has agreed to remain in an advisory capacity to Bentley and a consultant to the Volkswagen Group.

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Bajaj Hindu India's

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May 2011

usthan Ltd. Sweet-tooth

Bajaj Hindusthan Ltd, is a part of the prestigious 'Bajaj Group' and is headquartered at Mumbai, India. It was incorporated in 1931 and was initially known as The Hindustan Sugar Mills Ltd. With fourteen sugar plants conveniently located in the northern May 2011

India, Bajaj claims to be India's Number one sugar and ethanol manufacturing company. These plants have aggregate sugarcane crushing capacity of 136,000 tcd (tonnes crushed per day) and a distillery capacity to produce 800,000 liters of alcohol per day. www.industryleadersmagazine.com

Bajaj Hindustan Ltd, the pioneer of Indiaâ€™s fuel ethanol programme, currently produces 38 million litres of ethanol in a year. In anticipation of emerging market demand, the Company has increased its ethanol manufacturing capacity to nearly 218 million litres per year.

Earth Friendly Products BHLâ€™s wholly owned subsidiary, Bajaj Ecotec Products Limited (BEPL), produces

Sugar Power BHL generates 430 MW of power from the bagasse produced in its sugar mills. After meeting its own energy needs, BHL has a surplus of 105 MW. The Company has already begun to supply a significant part of this surplus power to the government. BHL has now embarked upon the expansion of its power generation capacity by 450 MW through the setting up of new coal based power plants of 90 MW each in the vicinity of five of its existing sugar units. These new projects are expected to be completed within a period of nine months at an aggregate project cost of around Rs. 23 billion. Besides this, through a Consortium, the Company, in a major diversification move, has also embarked on developing two mega thermal power projects in UP, each of which will produce 1,980 megawatts of power, ready for commissioning in around 5 years

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Bajaj Hindustan Ltd, the pioneer of Indiaâ€™s fuel ethanol programme, currently produces 38 million litres of ethanol annually. In anticipation of emerging market demand, the Company has increased its ethanol manufacturing capacity to nearly 218 million litres per year.

Kraft cheese singles

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Bajaj Hindusthan Ltd.

both from its bagasse waste. Both MDF and PB are invaluable

India's Sweet-tooth

environment-friendly Medium Density Fibre Boards (MDF) and Particle Boards (PB),

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Milka : one of Kraft's 11 brands that bring in an annual revenue of $1billion

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May 2011

Formulated by expert scientists using the latest techniques that exist in the sugar industry, Biodeg currently serves many diverse industries such as Sugar, Distilleries, Textile, Sugarcane agriculture, Polymers, Plasticizers, Enzymes, etc. Following a three-pronged philosophy that involves the use of deep insight, thorough research and practical appraisal, Biodeg is able to effectively enhance the intrinsic quality of their products by implementing cost-conscious applications. Founded by Dr. M.K. Srivastava, (awardy of prestigious Rajiv Gandhi Rashtriya Samman award 2010) a scientist specializing in sugar chemistry, and an expert biotechnologist from the Indian Institute of Technology, Biodeg offers highquality + low-cost solutions in the field of sugar processing chemicals.

substitutes for wood in construction and furnishing. The manufacturing of MDF and PB has been a trail-blazing venture in India. It will protect and preserve Indiaâ€™s forests from commercial exploitation by the construction and furniture industries. A 50,000 cubic metre MDF plant saves one lakh mature trees from being cut down in a year. BEPL is among the very few units in the world to manufacture MDF and PB that is completely wood-free. Its three Units, put together, turns out 210,000 cubic metres of MDF and Particle Boards in a year. This will prevent the felling of an estimated 420,000 fully matured trees annually.

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BEPL is among the very few units in the world to manufacture MDF and PB that is completely wood-free. Its three Units, put together, produce 210,000 cubic metres of MDF and Particle Boards a year. This will prevent the felling of an estimated 420,000 fully matured trees annually.

India's Sweet-tooth

Biodeg Chemicals is one of Indiaâ€™s leading companies providing a complete range of sugar processing chemicals and process technologies to Sugar industries.

Bajaj Hindusthan Ltd.

BioDeg Chemicals

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The Company embarked on an expansion, the scales of which are unprecedented worldwide, providing tremendous opportunities of employment, infrastructure and community development and contributing to the growth of the rural economy.

BHL is in a unique position. While itâ€™s planning and processes are benchmarked against global practices, its activities are directed at contributing to the Indian rural economy at a local, grassroots level, primarily in the uplifting of the farmers.

Kushagra Nayan Bajaj, Joint Managing Director (JMD) , Bajaj Hindusthan Ltd.

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Bajaj Hindusthan Ltd.

The Companyâ€™s growth initiative has been led by the strong leadership of Mr. Shishir Bajaj and Kushagra Bajaj with a strategic focus of attaining global scales of manufacturing and cost competitiveness. Such benchmarking provides BHL advantages of cost and higher domestic market share where demand is expected to outstrip supply for the next few years.

India's Sweet-tooth

Effective Leadership

May 2011

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Larger

Super Luxurious Sleepovers www.industryleadersmagazine.com

May 2011

than Life

usiness or pleasure, whatever your reason for staying over at one of these beyond-fancy hotels, the one thing you can be absolutely certain about is that the experience will leave a very significant impact on your mind (not to mention your pocket!). May 2011

So which hotels currently figure on the list of the worldâ€™s most expensive hotels? And what price would you be willing to pay to experience what they have on offer? www.industryleadersmagazine.com

Larger than Life

Here's a list of the 5 most expensive hotels in the world, which give living "larger than 12 rooms and 12 bathrooms across over life" a whole new meaning. 18,000 square feet of extreme luxury, the world’s most expensive hotel room, the Royal Penthouse Suite of the President Wilson Hotel, covers the entire top floor of the hotel.

The

Royal Penthouse Suite,

Hotel President Wilson,

Geneva Price for a one-night stay: $65,000

Overlooking the beautiful Lake Geneva, the Royal Penthouse Suite ensures maximum privacy, with your very own billiards room and fitness table, while bullet-proof glass and CCTV afford very high security levels. And if you’re travelling with stuff that needs to be locked away – likely if you can afford a stay at this hotel – the Royal Penthouse Suite offers a personal safe for you to keep your valuables secure.

The Royal Villa Grand Resort Lagonissi www.industryleadersmagazine.com

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The World's Most Expensive Hotels of 5 people, presents itself more as a c h a r m i n g , luxurious private home, equipped with two master bedrooms with king-sized beds and huge marble-

The Royal Villa

lined bathrooms and a spacious living room with Grand Resort Lagonissi a fireplace, not Among other features, the sparkling to mention the butlerâ€™s quarters which marble bathrooms come installed with includes a room and another marble-lined personal hot tubs, while the suite has its bathroom. own cocktail lounge and private terrace overlooking Lake Geneva.

The Royal Villa, Grand Resort Lagonissi, Athens

Price for a one-night stay: $45,000 Another European getaway, the Royal Villa at this very decedent Greek resort offers everything that an uber-luxurious beachside resort possibly could. As opposed to the Royal Penthouse Suite, which offers a luxury experience from an eight-floor height, the Royal Villa, with an occupancy 115

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Relax in your own 47 sq. m. indoor heated pool and steam bath, work out in privacy in your fully-equipped gym, or take this feeling of being pampered to the core outdoors, to your large private wooden terrace which also has an outdoor heated pool, 62 sq. m. in size, with hydro massage and counter current device. This 410 sq. m. villa also offers a separate bar area with fully equipped kitchenette and grill, BBQ facilities by the outdoor heated pool, a private massage area with a massage-table, separate glass enclosed shower / steam baths in each marble bathroom, in-room safe box, plasma screen television, Video-on-demand, and fireplace in bedrooms. www.industryleadersmagazine.com

Larger than Life

Hugh Hefner Sky Villa, Palms Casino & Resort, Las Vegas

Price for a one-night stay: $40,000 Popularly known as the Playboy Mansion, this suite presents itself as 9000 sq ft of utter over-indulgence spread over two stories (if youâ€™ve got the money to stay here, well, why not over-indulge?).

With the cantilevered Playboy Jacuzzi overlooking the world-famous Strip below, this suite also features a rotating bed set beneath a mirrored ceiling, a glass elevator, massage and spa rooms, around-theclock butler service, work-out room and poker table, fireplace, three bedrooms, and pop-up plasma TVs. As a special note, this villa has apparetly been designed to host upto 250 people!

The Playboy Mansion Hugh Hefner Sky Villa

The superyacht with its own private beachfront

Lady Moura

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The World's Most Expensive Hotels

Ty Warner Penthouse, Four Seasons, New York City

Price for a one-night stay: $35,000 Offering a hugely awe-inspiring 360-degree view of Manhattan, this nineroom luxury suite gives the impression of living in a space closely interwoven with numerous layers of art. Located at the top of Manhattanâ€™s tallest hotel, this suite has been customized at every level of detail, from semi-precious stone surfaces to fabrics woven with platinum and gold. Heightening the sense of being â€œon top of the worldâ€?, the suite boasts 25-feet high cathedral ceilings, with cantilevered glass balconies and floor-to-ceiling bay windows

Ty Warner Penthouse Among other amenities, the Ty Warner Penthouse offers the services of both a personal butler and a personal trainer/ therapist, a private chauffeur for unlimited travel during your stay in your choice of a Rolls Royce Phantom or a Mercedes Maybach, unlimited global telephone calling and TVs programmed for every channel worldwide.

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Larger than Life

Royal Plaza Suite, Plaza Hotel, New York City

Price for a one-night stay: $30,000

May 2011

The Royal Plaza Suite in the 20-storey Plaza Hotel, inspired by Louis XV’s royal court, spreads across almost 5000 sq ft, and overlooks some of Manhattan’s best views; the Fifth Avenue, the legendary Pulitzer Fountain and Central Park South. Unique oval and round vestibules connecting the suite’s formal entertainment areas, give a distinct impression of classic

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The World's Most Expensive Hotels grandeur. With exquisite furnishings, and a décor that includes original art pieces from Christie’s, the Royal Plaza Suite, with three bedrooms and three bathrooms, boasts a dining room that can seat 12 people alongwith a very well-equipped kitchen for those who prefer the cuisines dished up by their personal chefs.

May 2011

An in-suite gymnasium with state-ofthe-art fitness equipment offers guests living here additional privacy, while – as a measure of just exactly how luxurious this suite is – all the bathrooms boast 24-carat gold faucets. So, got some extra cash you’re itching to blow away on well-deserved luxury? Now you know where to go!

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May 2011

Events & Tradesows

Construction Libya Build Expo : 15-MAY-11 to 19-MAY-11 Venue: Tripoli International Fairground, Tripoli, Tarabulus, Libya Odessa Home : 19-MAY-11 to 22-MAY-11 Venue: Odessa Sea Commercial Port Exhibition Complex, Ukraine Building & Construction Exhibition-Kuwait : 22-MAY-11 to 28MAY-11 Venue: Kuwait International Fair Ground, Kuwait Expo Construction & Expo Design : 24-MAY-11 to 29-MAY-11 Venue: Corferias-Centro de Convenciones, Bogota, Colombia Project Lebanon : 31-MAY-11 to 03-JUN-11 Venue: Beirut International Exhibition & Leisure Center, Beirut, Lebanon Batimat Expovivienda : 31-MAY-11 to 04-JUN-11 Venue: Buenos Aires La Rural Predio Ferial de, Buenos Aires, Argentina CONEXPO - Russia : 31-MAY-11 to 04-JUN-11 Venue: Crocus Expo International Exhibition Center, Moscow, Russia China Building : 01-JUN-11 to 03-JUN-11 Venue: China National Convention Center(CNCC), Beijing, China Brico & Habitat Trade Fair : 08-JUN-11 to 09-JUN-11 Venue: Paris Parc Floral De, Paris, Ile-De-France, France Buildexpo Kenya : 11-JUN-11 to 13-JUN-11 Venue: Kenyatta International Conference Centre (KICC), Nairobi, Nairobi Area, Kenya Construmat Barcelona : 16-JUN-11 to 21-JUN-11 Venue: Gran Via Exhibition Centre, Barcelona, Spain 121

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Manufacturing Lightfair International : 15-MAY-11 to 19-MAY-11 Venue: Pennsylvania Convention Center, Philadelphia, USA Stainless : 17-MAY-11 to 18-MAY-11 Venue: Brno Exhibition Centre, Brno, Jihomoravsky Kraj, Czech Republic Electro Salon : 17-MAY-11 to 20-MAY-11 Venue: HUNGEXPO Budapest Fair Center, Budapest, Hungary Verona Mineral Show : 20-MAY-11 to 22-MAY-11 Venue: Verona Exhibition Centre, Verona, Veneto, Italy EXPOSEC : 24-MAY-11 to 26-MAY-11 Venue: Exhibition Centre Immigrants, Sao Paulo, Brazil Las Vegas Antique Jewelery & Watch Show : 02-JUN-11 to 05-JUN11 Venue: Paris Las Vegas Hotel & Casino, Las Vegas, Nevada, USA Manufacturing Surabaya Series : 08-JUN-11 to 11-JUN-11 Venue: Grand City Surabaya Mall & Convex, Surabaya, Jawa Timur, Indonesia Invention & New Product Exposition : 14-JUN-11 to 17-JUN-11 Venue: Monroeville Convention Center, Monroeville, Pennsylvania, USA Plast-Ex : 21-JUN-11 to 23-JUN-11 Venue: Toronto Congress Centre, Toronto, Ontario, Canada InterPlas Thailand : 23-JUN-11 to 26-JUN-11 Venue: Bangkok International Trade & Exhibition Centre (BITEC), Bangkok, Krung Thep, Thailand Plasticos : 27-JUN-11 to 30-JUN-11 Venue: Costa Salguero Exhibition Center, Buenos Aires, Argentina

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Energy Wind Power-Anaheim : 22-MAY-11 to 25-MAY-11 Venue: Anaheim Convention Center, Anaheim, California, USA Greenpower : 24-MAY-11 to 26-MAY-11 Venue: Poznan International Fair Grounds, Poznan, Poland National Energy Management Exhibition : 24-MAY-11 to 26-MAY-11 Venue: National Exhibition Centre(NEC), Birmingham, England, UK AIR Technology : 24-MAY-11 to 27-MAY-11 Venue: Melbourne Convention and Exhibition Centre, Melbourne, Australia Saudi Aircon : 30-MAY-11 to 02-JUN-11 Venue: Riyadh International Convention & Exhibition Center- RICEC, Riyadh, Saudi Arabia Boilers & Burners : 31-MAY-11 to 03-JUN-11 Venue: Saint Petersburg Sports & Concert Complex, St. Petersburg, Russia Green Manufacturing Expo-New York : 07-JUN-11 to 09-JUN-11 Venue: Jacob K. Javits Convention Center, New York, USA Power Gen Europe : 07-JUN-11 to 09-JUN-11 Venue: Fiera Milano, Milan, Lombardia, Italy Nuclear Power Europe : 07-JUN-11 to 09-JUN-11 Venue: Fiera Milano, Milan, Lombardia, Italy Intersolar Expo : 08-JUN-11 to 10-JUN-11 Venue: New Munich Trade Fair Centre, Munich, Bayern, Germany Solar Taiwan : 14-JUN-11 to 16-JUN-11 Venue: Taipei World Trade Center, Taipei, Taiwan

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Events & Tradesows

Food & Beverages International Food Exhibition Philippines : 12-May-11 to 14-MAY-11 Venue: SMX Convention Center, Pasay, Philippines Food & Drink Expo Oklahoma : 19-MAY-11 to 19-MAY-11 Venue: Cox Convention Center, Oklahoma City, Oklahoma, USA 6th China International Wine and Spirits Exhibition : 25-MAY-11 to 27-MAY-11 Venue: China Import & Export Fair Complex, Guangzhou, China Horex Azerbaijan Baku : 25-MAY-11 to 27-MAY-11 Venue: Baku Expo Exhibition and Convention Center, Baku, Azerbaijan The 6th International Wine Shangahi Trade Fair : 01-JUN-11 to 03JUN-11 Venue: No.88 Loushanguan Road, Shanghai, P. R. China Bofas Busan : 02-JUN-11 to 05-JUN-11 Venue: Busan Exhibition & Convention Center, Busan, South Korea CMPE China Food Machinery & Packaging Exhibition Guangzhou : 02-JUN-11 to 04-JUN-11 Venue: China Import & Export Fair Pazhou Complex, Guangzhou, China World Dairy Expo Summit : 11-JUN-11 to 13-JUN-11 Venue: Anhui International Exhibition and Conference Center, Hefei, China Manila Food & Beverage Expo : 15-JUN-11 to 18-JUN-11 Venue: World Trade Center Metro Manila, Manila, Philippines Propak Asia 2011 : 15-JUN-11 to 18-JUN-11 Venue: Bangkok International Trade & Exhibition Centre (BITEC), Bangkok, Thailand

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Supply Chain Logistics North-West e: 18-MAY-11 to 20-MAY-11 Venue: Saint Petersburg Sports and Concert Complex, St. Petersburg, Russia Imabari Maritime Fair : 19-MAY-11 to 21-MAY-11 Venue: TexPort Imabari, Imabari, Japan Aerospace Meetings Kuala Lumpur : 23-MAY-11 to 27-MAY-11 Venue: Matrade Exhibition & Convention Centre (MECC), Kuala Lumpur, Malaysia Inter Rail Expo : 24-MAY-11 to 26-MAY-11 Venue: Changchun Citic International Exhibition Center, Changchun, Jilin, China Nor-Shipping : 24-MAY-11 to 27-MAY-11 Venue: Norway Trade Fairs, Lillestrom, Akershu, Norway AviationExpo Europe : 27-MAY-11 to 29-MAY-11 Venue: Bitburg Airport, Bitburg, Germany Airport Show Dubai : 31-MAY-11 to 02-JUN-11 Venue: Dubai Airport Expo, Dubai, United Arab Emirates SITL Dubai : 31-MAY-11 to 02-JUN-11 Venue: Dubai Airport Expo, Dubai, United Arab Emirates Transport & Logistic-Bulgaria : 01-JUN-11 to 03-JUN-11 Venue: Inter Expo & Congress Center, Sofia, Bulgaria Logistic Link-Live : 22-JUN-11 to 23-JUN-11 Venue: Ricoh Arena, Coventry, England, United Kingdom

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Industry Leaders Magazine May 2011 Issue