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May 2012

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Here’s the month when we talk about women and how outstanding they have been day after day year after year in every aspects of life. Our cover story talks about the top self made women in the world who have made it big. Here ‘Big’ is a relative term and does not necessarily mean that they have made big money or set up huge conglomerates with profits mounting every minute. We have made it a point to mention the ones who have made it big in art, social cause, innovation or even renewable energy. By our cover story we humbly pay our respect to those women who have struggled hard to reach positions which were considered male dominant in the past. Luxurious private jet makes a really interesting read in Wow quotient while the list of the most expensive alcohols of the world is quite informative. The leadership story along with the other regular features and stories makes the issue quite engaging. Regards,

Carrie Ann Editor-in-Chief,

Industry Leaders Magazine

May 2012

Industry Leaders Magazine

May 2012

May 2012 FEATURES

Contents

Indigo soars high on Profits IndiGo, the private, low-cost airline based in India commenced its operations in August 2006. And ever since, Indigo has established itself as one of Indiaâ€™s .....

Rising and Shining We have dedicated this monthâ€™s cover story to those amazing women in the world who have made it big in their own ways... Read More...

Bright Source IPO not to shine anymore Brightsource Energy has abandoned its IPO. Citing adverse market conditions stemming from a lack of public interest/funding in greentech solar companies......

Industry Leaders Magazine

May 2012

Contents

COMPANY PROFILES

REGULARS

Latest in Business

Leader Talk

The WOW ! Quotient

HKAG - Humble beginnings to Global prominence The rise to prominence in the automotive industries for Hyundai KIA Automotive Group (HKAG) was capped by the acquisition of Kia Motors in 1998....

Mergers & More

Larger Than Life

116

Industry Events & Tradeshows

88 68 8

May 2012

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Hilton Maldives Iru Fushi - A Tropical Heaven Tucked away in the pristine area of Noonu Atoll is a haven of luxury and exuberance which is the Hilton Maldives Iru Fushi.....

COMPANY PROFILES Communications Con94 China struction Company Limited

108

- Building a connected world

There was a time when the West thought it had the answer to everything, particularly when it came....

energy for 108 Rosneft growth

Rosneft is the leader of Russia’s petroleum industry, and ranks among the world’s top publicly traded oil ....

Marine Corpora100 Evergreen tion Evergreen Marine Corporation is one of the top containerized-freight shipping companies in Asia with its headquarter in Luzhu, Taoyuan County, Taiwan...

Head-Space

“

Long-range planning works best in the short term.

“

-Doug Evelyn

100 Industry Leaders Magazine

May 2012

Sony’s Next Playstation Rumored to Arrive in 2013 According to gaming site Kotaku, the successor to Sony’s PlayStation 3 is a code named Orbis and it has found a way to come in time for the holidays next year. The next-generation game, Orbis, won’t be play PS3 games. And, there is a rumor that with Microsoft’s follow-up to the Xbox 360, Sony is working on a way to make its next console either reject used games or possibly limit their playability unless buyers of a pre-owned game pay a fee to unlock/register the full game. Orbis is believed to use an AMD x86 processor with an AMD Southern Islands GPU. There is also a rumor that Xbox 360’s replace-

May 2012

ment, professed to be named Durango, will use an AMD GPU, either a Southern Islands variant or an equivalent to a Radeon HD 6670.

If the Rumors come true… If the rumors come true, a big winner in the console sweepstakes is Advanced Micro Devices. AMD’s Radeon graphics have already been confirmed for the Wii U and it’s been reported that the next Xbox will sport a chipset that features a Power PC central processor from IBM and a Radeon HD 7000-series GPU from AMD.

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Latest In

- Jason Miller

Terrafugia’s Flying Car Makes its Debut at NY Auto Show Terrafugia’s Transition flying car prototype is all set to be shown off at the New York Auto Show this week. Terrafugia’s Transition flying car prototype took its first test flight recently, bringing the possibility of flying home from work and parking in the garage closer to reality. It is still unsure as to how many people will want to risk driving it along a regular road. The company has completed the first test flight of the production prototype of its flying car, staying in the air for eight minutes at an altitude of 1,400 feet. Wow!

A Price Tag of $279,000 for Terrafugia’s Flying Car Terrafugia’s flying car, which comes with a pricetag of $279,000, can reach speeds of around 70 mph on the ground and 115 mph in the air, and runs on unleaded automotive fuel. As a car, it can do 35 miles to the gallon, while off the ground it burns five gallons an hour. Terrafugia says it’s aiming for sales in fly-in communities like the 600 or so such locales in the U.S. where people either own small planes or Yacht in and out of town on them.

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May 2012

Donald Layton, One of the 3 Finalists for Freddie’s CEO E*Trade Financial Corp’s former chief executive, Donald Layton, has come out as the front-runner for the top job at Freddie Mac, which is a government-controlled mortgage-finance giant. According to those who know about the matter, Donald Layton met with Freddie’s federal regulator last month and is one of three finalists being considered for the job. The regulator met two weeks ago with a second candidate, Shekar Narasimhan, who runs a housing-finance advisory firm. A final decision or job offer has not been made yet.

May 2012

Donald Layton met with Freddie’s federal regulator The 61 year old Layton isn’t a stranger to the troubled enterprises. Donald Layton is on the AIG board, as is Christopher Lynch, who became chairman of Freddie Mac in December. If Donald Layton is offered the post, he would become the third person selected by the U.S. government to run the company since 2008. The Freddie’s federal regulator likely will have a final say on any candidate selected by the company’s board. Finalists will also have to meet with top level officials from the U.S. Treasury and the Department of Housing and Urban Development.

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Latest In Sands to Launch $4.4 Billion CasinoResort in Macau Las Vegas Sands Chairman and CEO Sheldon Adelson, the U.S. billionaire, launched its long-delayed fourth resort, Cotai Central on Wednesday. It is a $4.4 billion complex that is its latest bet on continued strong growth in the world’s biggest gambling market. The executives of Sands China Ltd. inaugurated the Sands Cotai Central opening the doors to a traditional Chinese dragon dance, high-wire tightrope performance and the unveiling of a 5,500 pound bronze and gold ‘God of Fortune’ statue.

No More Casinos Expected in Macau There are no more new casinos are expected to open until at least 2015. This is because of the time needed for government approval and construction. Sheldon Adelson said that Sands has already planed its next project - a 3,600-room resort on a nearby plot for which it is currently seeking planning approval. Cotai Central is the 35th casino to open in Macau, the only place in China where casino gambling is legal. Macau’s gambling revenues rose 27 percent in the first three months of 2012, after rocketing 42 percent last year to $33.5 billion.

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May 2012

Eurozone Manufacturing slips while Asia is on a roll. The manufacturing sector of Eurozone showed a sharp shrink in almost three years in April, while the data from Asia seems to be very impressive for the quarter. The numbers from the US manufacturing sector also showed a surprising rise in factory growth which left Eurozone as the weakest link in the economic chain with the austerity programs and fiscal crisis taking a toll. Germany’s manufacturing sector showed a downfall for second consecutive month while France had the similar story to tell. Eurozone crisis is showing no signs of improvement lately and it’s rather facing a downturn with the updated manufacturing sector data coming in. With China’s HSBC PMI below 50 for the sixth consecu-

May 2012

tive month, UK, a major trading partner of Eurozone also showed a shrink in manufacturing sinking itself more into recession.

Unemployment soaring to new heights Eurozone Crisis gets worse with its unemployment rate rising to new height in March as 169,000 people lost their jobs. Eurostat, Eurozone’s official statistics agency published the unemployment rate update for Eurozone which indicated a rise from 10.8 % to 10.9 early this year. The number of jobless people increased by about more than 1.7 million in last one year while this has been the highest in last 15 years.

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Latest In Apple & E-Book Publishers Held Responsible for Price Fixing It is suspected that Steve Jobs was a key player from Apple in the conspiracy of a price-fixing plan with five e-book publishers. Steve Jobs helped organize and arrange for a complex price-fixing plan that cost its consumers tens of millions of dollars in the last two years by enhancing the price of many new releases and bestsellers by $3 to $5 each. “The customer pays a little more, but that’s what you want anyway,” Jobs told the publishers at one point, according to Sharis Pozen, the acting head of the Justice Department’s antitrust division.

Steve Jobs held responsible for price fixing conspiracy Apple even proudly described the maneuver, which gave the iPad maker a guaranteed 30% commission on each e-book sold through its online marketplace, as an aikido move. Sharis Pozen said Wednesday, “We allege that these executives knew full well what they were doing. That is, taking steps to make sure the prices consumers paid for e-books were higher”. But, all five publishers strongly denied the allegations and challenged that e-book and e-reader sales had surged since the industry went to the iPad pricing model.

Industry Leaders Magazine

May 2012

8 Sins of Leadership to Avoid

May 2012

Industry Leaders Magazine

- Patrick Alain

“We spend a lot of time teaching our leaders what to do. We don’t spend enough time teaching them what to stop.” - Peter Drucker Industry Leaders Magazine

May 2012

Leadership is not inherited; it cannot be learnt or unlearnt; leadership is a trait that is cultivated through a process of doing the right things and avoiding the wrong ones. It is a continuous endeavor to envision the right things, plan the right things and execute them to perfection. We have always talked of leadership as a process of doing the rights things in the right manner, but it is also about avoiding the wrong things. Here are the eight sins that every leader should try and avoid:

Thinking that it can’t be done

Getting things done is probably the most important trait and activity of a leader. A leader never believes that something is impossible to achieve instead he always focuses on finding a way to do it. Be it a random idea that comes across his mind or a detailed plan from one of his subordinates or employees, a leader will never say that it can’t be done. He will strive to find a way around the obstacles that make it seem impossible and make it possible. Sometimes, the goal may not be reached, but that will never be for the lack of trying.

May 2012

2. Being content with the state of things A leader should never be content with the way things are. Leadership is about continuous striving for excellence and that cannot be achieved with a relaxed attitude about the state of things.

‘A leader believes in continuous positive change and a state of immobility will never be acceptable to him.’ The leaders do not meticulously plan to maintain the position of their enterprise, they continuously dream and plot for its continual growth and progress.

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Living in the past

‘A leader also makes sure that everyone working with and for him is a part of that vision and that all of them align themselves with that idea and move ahead in unison and in the same direction and towards the same goal.’ Leaders are visionary people who dream, think and plan for the future; they never

dwell in the past, actions in the past or their consequences. A leader will always have a vision for the future and he will make sure that it is communicated in the right way to the right people.

Resisting change

Changeis inevitable and those who try to resist it either fail miserably or lag behind while the ones grabbing the new opportunities that come with change move ahead and prosper. A leader is responsible to bring about that change and transform that change to everyone’s advantage. A true leader will never try to fight change and instead try to make the most of it and that before anyone else.

5. Talking more than listening and observing Leaders are good listeners and observers. They don’t make comments and statements before carefully listening to what others have to say or observing what is happening around them. All the leaders believe in asking questions regarding how things are, how things are supposed to be

Industry Leaders Magazine

May 2012

and how they should be done. They believe in meeting new people and learning new things all the time.

â€˜A great leader will be influential and highly connected.â€™ This makes them knowledgeable, aware and also allows them to get things done easily by using these connections.

issues unaided A leader is a leader by virtue of leading other people. When problems, obstacles or problems arise, a leader should not try to tackle them on his own as thereby he will not be leading anyone. A leader is responsible for a lot of things and one of the primary things is selecting people to work for him and in times of crisis a leader should be able to use the manpower to his advantage. Although he has to make all the big decisions, it is the people who need to advice and get the work done. He should be aware that working in a team can get more things done than on an individual level.

6. Dealing with problems or 22 May 2012 Industry Leaders Magazine

7. Expecting other to read your mind A leader is always expected to be a good communicator. Whatever the situation, a leader must always be able to put across what he wants other to know or understand.

â€˜Communication is not limited to verbal conversations or speeches; it can be emails, pamphlets or even small messages.â€™ He needs to communicate rightly the exact message that needs to be delivered to the

right people at the right time. If something needs to be said to someone, leaders make sure that it is said outright. If there are any problems with the functioning of the organization, he will get the message across to the employees in such a way that makes them motivated to work harder rather than scaring them. Communication is a very important aspect of leadership and that includes the good and the bad parts.

Not ordering people around

Leaders do not order people around as people are not very open to do what they are told to do. Good leaders know how to get other to do things for them. It is not easy but it comes easily to them as they are open to others opinions, perceptions and feelings. They encourage and motivate others to work towards a cause. This is a systematic process that involves encouragement, approval and appreciation. They make people feel important by giving them responsibilities and holding them accountable for their actions.

Industry Leaders Magazine

May 2012

Worldâ€™s Mo Priv

May 2012

Industry Leaders Magazine

The

ost Luxurious vate Jet - Richard Meryn

he 747-8 Intercontinental, Boeingâ€™s biggest jet, took off from Paine Field in early March, with its gleaming white livery masked in mystery. Industry Leaders Magazine

May 2012

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The But this newest version of the airbus, which could carry 460 passengers, was not made for a commercial purpose. This particular model, the 747-V.I.P., was headed for a private customer in the Middle East believed to be the emir of Qatar.

‘Prince Alwaleed bin Talal bin Abdulaziz Al-Saud, the Middle East sheikh, placed an order for an A380 airbus, way back in 2007.’ And now it’s time to deliver the airbus. But what is it that makes this airbus so special? Well, the A380 double-decker is the most expensive private jet ever created. The Saudi prince is the Chairman of Kingdom Holding Company, a major investor in Citigroup. And almost five years after the order had been placed, the luxurious private jet is finally ready for delivery. The private jet has been hyped to be the world’s most expensive personal jet, with a final price well in excess of $500 million. Originally, the private jet was designed to include a garage for two Rolls-Royces, a stable for horses and camels, a pen for hawks. But, the most striking feature of this world’s largest passenger airliner is a prayer room that has been designed to automatically rotate, so as to keep the room always faced towards the holy city of Mecca. Now we know what makes it the most expensive private jet in the world, this private jet is truly one of a kind. May be this is the trendsetter, especially when it comes to setting standards for doing business in style and showing off,

Industry Leaders Magazine

May 2012

up in the air, above 40,000 feet. No wonder this jet is sure to be the envy of manya-high flyers. And through private jets like these, the superrich flaunt their wealth while conducting business up there. Now that’s the ultimate sig of being superrich.

‘There is a prayer room which generates virtual prayer mats that rotate so as to always face Mecca.’ Prince Alwaleed bin Talal bin Abdulaziz Al-Saud’s private jet, A380 is unique in itself. The aircraft is divided into three floors. It consists of a transparent circular cell, the lift, which shuttles between these three floors of the plane and drops onto Tarmac as owner’s private entrance. The private jet has five lavish private quarters featuring kingsize beds, handmade rugs and state of the art entertainment system. Each room has a bathroom with a shower.

the private jet.

This private jet is going to be the first one to have a spiral staircase. The swirling metal creation has been set in the spacious hallway linked to the boardroom and inscribed with Arabic.

Steve Varsano, an airplane broker recently opened a store for corporate jets in London’s Hyde Park Corner. This area is known for Russians, Gulf Arabs and other wealthy foreigners. Steve said, “They have to buy longer-range airplanes. These frontiers markets have turned into powerful aircraft acquisition markets”.

The concert hall, the well being room and the boardroom are the large perplexes in

While the market has traditionally been dominated by American buyer, today in-

May 2012

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The

“If you’re flying from Mongolia to Nigeria, it’s either a three-day journey flying commercial or a nine-hour flight on your jet.” Airbus, the European aircraft manufacturer, recently revealed an interior concept for Asian buyers of the corporate version of its A320 called Phoenix. The design features red hues, Asian patterns and a large round table - the focus of Asian family life. This trend of showing off wealth has definitely helped the industry in spite of the downturn. According to the General Aviation Manufacturers Association, right from 2007 through 2011, ternational customers account for more than half of jet sales. Challenging the recent fall in the economy, celebrities, corporate tycoons and rich entrepreneurs have upgraded from a mere private jet to bigger planes, with leather seats, plush bedrooms and opulent boardrooms, in recent years. New billionaires in fast-growing countries like China, India, Russia and Nigeria are also seeking long-range planes that can serve hard-to-reach airports or provide direct service between far-flung cities.

sales in the largest jets weighing more than 50,000 pounds, have grown by 23 percent to 200, recording just a small dip in 2009. By contrast, shipments of the smallest planes have fallen 58 percent to 106 in the same period, while sales of medium-size jets have fallen 43 percent to 375. Habib Fekih, the president of Airbus Corporate Jets said,

Industry Leaders Magazine

May 2012

â€œThe people we deal with were not too much affected by the crisisâ€?. This has generated a lot of wealth in the emerging markets, especially in places like India. And one thing is for sure; luxury comes at a cost.

the Gulfstream G650, which will be released this year. Airbus lists a price of $68 million for its smallest single-aisle A318 to about $245 million for the twin-aisle A350, which is under development. The company lists its new A380 double-decker at $389.9 million before any upgrades. In all, manufacturers sold 200 large jets in 2011, including 17 Boeing and Airbus private planes.

Prices range from about $31 million for a Bombardier Global 5000 to $65 million for

May 2012

Industry Leaders Magazine

Rising & Shining

Top self made Women of the World - Carrie Ann

May 2012

Industry Leaders Magazine

e have dedicated this monthâ€™s cover story to those amazing women in the world who have made it big in their own ways. This does not necessarily mean that they have made a lot of money or set up enormous business empires using their wit. They have certainly made a difference in the society by expressing their spirit of empowerment and innovation and their vision. Industry Leaders Magazine

May 2012

Powerful, Horizontal life Chelsea Handler, founder of Borderline Amazing Productions Chelsea Handler is quite popular amongst the late night talk show viewers as the host of E! Entertainment television’s Chelsea Lately. Chelsea’s talk show ratings have recently overtaken ‘Conan’ aired on TBS. Chelsea Handler along with Tom Brunelle, co-founded Borderline Amazing Productions in 2009. So far, Borderline has produced four successful shows on NBC namely Chelsea Lately, After Lately, Big Loud Lisa and Are you there.. Chelsea? Chelsea being an actor, producer, strategist and the face of her company, has been playing multiple roles at Borderline Amazing Productions. She was heard quoting to a magazine recently “I never missed anything because you want to get that flow going, you want everyone to know at what level you expect things to be turned in. When you’re putting your product out there with your own name on it.”

“you want it to be very Chelsea-specific. You really have to be involved in every aspect, in every edit.” Chelsea is a proud author of four Best Sellers on New York Times, three of which have been number one. Her first book, My Horizontal Life: A Collection of One-Night Stands, describes the variety of sexual encounters she went through throughout her life. Chelsea Handler also wrote Are You There, Vodka? It’s Me, Chelsea , a collection of humorous essays that hit the New York Times Nonfiction Best Seller List in 2008, with a print run of over 350,000. She went on a nationwide tour to promote her third book, titled Chelsea Chelsea Bang Bang, which was released in 2010. While Chelsea Handler believes the she does not get a big hard-on from being on fortunes list of ‘Most powerful women in Business’, we still believe that the story of her perseverance and achievements certainly motivates and changes lives of a lot of women.

May 2012

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May 2012

Innovate. Play. Empower Name: Jessica O. Matthews and Julia Silverman, co-founders of Uncharted Play Julia Silverman and Jessica O. Matthews are the co-founders of Uncharted Play, a non-profit company that was set up with a sole motto of turning soccer balls into sources of energy. They have named the product as sOccket. sOccket is soccer ball that harnesses and stores energy from play for later use as portable power source in resource-poor areas. Though both the Harvard graduates took up highly paid full time jobs after their graduation, they quit to follow their dream and wanted to create their college project Soccket into a means to help those without electricity. Jessica O. Mathews serves as a CEO of Uncharted Play while Julia Silverman plays the role of Chief Social Officer.

‘Their company has hired a team of engineers to improvise on the basic models of the products developed by Jessica and Julia.’ Now the Soccket balls can power LED lamps, mini fridges, water purifiers and cell phone chargers. Uncharted Play plans to distiribute the Soccket ball amongst the people who are deprived of electricity in the countries like Mexico, El Salvador, Costa Rica, Nigeria and Haiti to start with. Jessica Matthews and Julia Silverman both had experience in developing countries before they began this project at Harvard. They knew that power shortage is a huge problem in many areas and that one out of every five people in Global population don’t have an access to electricity. Through this experience, both women realized that the world of play was truly uncharted territory when it came to tangibly addressing real issues facing the masses. Though the future was uncertain, they knew that an enterprise grounded in sustainable, realistic solutions for happiness had an undeniable value.

May 2012

Industry Leaders Magazine

May 2012

The Clara Era Clara Shih, co-founder Hearsay Social Clara Shih the co-founder of Hearsay Social also wrote a book on social media marketing called The Facebook Era.

‘Her book is emerged as an amazing marketing tool and is considered as a bible for businesses wanting to use social networking to enhance their sales revenues.’ Lately The Facebook Era which was released in April this year is also being used as a textbook at Harvard Business School. While she was working at Salesforce.com she developed the first business application on Facebook called Faceconnector or Faceforce. After receiving an overwhelming response to her newly developed application, Shih left Salesforce and started Hearsay Labs. This newly setup software company helped businesses manage and measure their online presence on Facebook, Twitter and other social media. Hearsay Social’s application, sold as a service via the Internet, aims to teach companies how to maximize their efforts on social sites, in part by turning staffers into online ambassadors for their employers’ products and services. Hearsay Labs have been on a roll since then and are now planning to go public very soon. Clara Shih co-founded Hearsay Labs with Steve Garrity who was her college classmate at Stanford. They were successful in raising $21 million in financing from prestigious bankers such as Sequoia Capital, NEA and Steve Chen, the co-founder of YouTube Clara just achieved all her 10 year-goals which she had listed in her journal at age eighteen: To own her own tech company and to be married. Hearsay Social, founded when she was 27 seems to be well underway.

May 2012

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May 2012

The Young Turk Demet Mutlu, Founder Trendyol Born in New York, Demet Suzan Mutlu was raised in the states, the UK, and Turkey -and went to high school in Italy. After working successively at Deloitte & Touche, Altria Group, and Procter & Gamble, she stepped off the corporate track to go to HBS.

May 2012

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Demet Mutlu has dedicated her career to building brands for consumers globally. She has been actively performing various tasks in Finance, Business Development and Marketing in the United States, Japan, Switzerland and Turkey. Demet Mutlu launched Trendyol.com in March 2010 along with a founding team and made it a benchmarking fashion marketplace. Demet’s academics were also sharp and she ranked first in her class in Economics at New York University. She finished her 1st year MBA at Harvard Business School and dropped out when she eventually launched Trendyol.com. Her passion for Fashion and Technology makes her a role model for a lot of upcoming entrepreneurs in Turkey and around the world. With the success of Trendyol, Demet Mutlu has been in a limelight and featured in CNN, Harpers Bazaar, InStyle, Cosmopolitan, Marie Claire and other publications. Demet Mutlu also has stakes in other businesses like Koktorsitesi.com, Peak Games and a fashion clothing line Milla. With Mutlu’s plans to expand internationally, there’s nothing to stop her with regards to geography. she says

“Our goal is to become a billion-dollar company”

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May 2012

April 2012

Industry Leaders Magazine

Worldâ€™s Biggest Air

The story of Merger shaping between U

May 2012

Industry Leaders Magazine

rlines in Making

US airways and American Airlines - Jason Miller

ith a potential merger between US Airways and American Airlines already in place, the airline industry is experiencing yet anothIndustry Leaders Magazine

May 2012

er shakeup. If the merger is approved by the unions and the federal government, it would in effect create the largest airlines in the United States. There still lie a few challenges ahead for those who want to see the merger go through. First of all, American Airlines recently filed for bankruptcy, a process that can take years. In order for the proposed airline merger to be approved, the bankruptcy court first has to rule that American Airlines has the right to merge while in bankruptcy. Next, unions for both of the airlines will have

May 2012

to vote to approve the merger. Finally, the United States Transportation Department will have to conduct their own research and hand down the final approval for the merger.

Union Support for a US Airways-American Airlines Merger

American Airlines has three major unions which most employees belong to. On May 4th, 2012, the three unions jointly sent a letter to the board of directors of American Airlines expressing support for the

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merger as a viable solution to bring American Airlines out of bankruptcy as well as to provide customers with the best flying experience. Currently, the leadership of American Airlines is fighting with the unions to impose their own work rules and payments, as well as to terminate any current contracts, in order to consolidate the company and keep them from going under. The Unions, who have 60,000 employees from just American Airlines, see the merger as a way for the ownership

to end the bankruptcy fight, and for the workers to get a fair contract.

Customer Benefits of a US Airways-American Airlines Merger Analysts are trying to determine the full effects that a merger will have on air travel. While many people in the industry say it’s the best course for both businesses as well as the employees, the benefit of travelers has yet to be determined. A frequent airline reporter, Seth Miller, made his opinions clear on the merger: “There’s not a single positive aspect of the merger for consumers” he stated. The reasoning is that with less airlines and less competition in the market, fares have no way to go but up. With a near monopolization of the industry that the country’s largest airline would create, the newly merged company will have the ability to impose any price they wish on customers, and with one of the largest airlines in the world no longer competition, customer satisfaction is going to have a dramatic decrease.

Historical Mergers

Effects

Airline

As with every merger, competition in the industry is going to suffer, and there will always be critics. Unlike most other industries, airliners have gone through major mergers in the past, and the results have been thought-provoking. It is true, that recent mergers, such as the United Airlines one in 2010, caused slightly higher prices for consumers. However, that rise in costs can in no way be attributed to the merger. With previous mergers over the last 15 years, no pattern has been set in fare prices, leading us to believe that a rise or decrease in costs after a merger is not a result of a decrease in competition. The problem lies with American Airlines more than the merger itself. American

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May 2012

Airlines has attempted to purchase or merge with many companies in the past, such as AirCal and others. AA has not had a good business platform throughout its existence, and it’s largely due to the fact that with the previous mergers, their only o b j e c t i ve was to get rid of the competition, not to increase the quality or availability of air travel. On the contrary, this isn’t American Airlines looking to merge with a smaller company; it is US Airways, the 5th largest airline in the country, trying to increase their own exposure, while saving employees and customers the hassle of the bankruptcy battle that American Airlines is currently going through.

Possible Outcomes of a US Airways-American Airlines Merger If American Airlines does in fact approve the merger, and any injunctions against it are lifted, the results will be mixed. First, the current financial troubles of American Airlines will no longer exist. If the merger does not go through and AA has to go through bankruptcy court in order to keep functioning, they will have no choice but to lay off thousands of employees. This tremendous toll on airline workers can be quashed if the merger goes through the way US Airways expects it to. On the other hand, both American Airlines and US Airways have the worst customer service

May 2012

ratings by customers out of every major United States airline. Mergers always cause headaches in the support world, as one airline has a different culture and procedures than another. It’s been estimated that if this merger does in fact become reality, the new airline will probably have the worst customer service feedback for any airliner in the USA.

When can a Merger be Expected? There are currently three major hurdles that need to be overcome in order for the two airlines to successfully merge. First, Bank of America is going to have to approve a merger plan. At this point, US Airways is the only party who is publicly interested in the merger; so many details still need to be worked out. Second, the Justice Department needs to rule that Bank of America does not have the authority to drop current contracts with the Union, as well as drop any possible injunctions due to the merger. Finally, the Department of Transportation is going to have to do a short research study on the effects that the merger will have. Once this study is complete, they will give their recommendation as to whether it should proceed. Once these three steps are successfully completed, both boards of the company will sign the final merger agreement, when at that point, US Airways and American Airlines will be one company.

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Indigo

Soars high on P

May 2012

Industry Leaders Magazine

Profits - Christine Taylor

ndiGo, the private, low-cost airline based in India commenced its operations in August 2006. And ever since, Indigo has established itself as one of Indiaâ€™s leading airlines using its model of low-cost and efficient operations to attract customers with low fares. Industry Leaders Magazine

May 2012

In January 2011 the airline gained approval from regulators to launch international flights, followed by the first service from New Delhi to Dubai on 1 September 2011. By early 2012, IndiGo had taken the delivery of its 50th aircraft in less than 6 years.

‘IndiGo is known to have placed the largest order in commercial aviation history during 2011, when Airbus won the US$ 15 billion deal for 180 aircraft.‘ This deal pushed up the percentage of Airbus aircraft in India to 73 percent. If you look at IndiGo’s hold in India’s domestic air travel market, it has the second largest share, only after Jet Airways and as of October 2011 it is the only airline in India making profit.

Now, in middle of the turmoil in the Indian airline sector, Indigo airline stood out as a fire of profitability in the surrounding gloom. IndiGo airlines posted profit up to $10 billion for FY12. The Low cost carrier IndiGo has once again posted a net profit for the fiscal year ending March 2012.

Kapil Kaul, the Chief Executive Officer for Centre for Asia Pacific and Aviation, an aviation information and consultancy firm said, “The 100 Airbus aircraft deal signed in 2005 was a game changer as they managed to get an exceptional price and gave them the strategic ability to leverage it significantly. It’s first CEO, Bruce Ashby, was in India 18 months before the launch, and an experienced team at the management/board level has been key reason of IndiGo’s success”.

Aditya Ghosh, president of InterGlobe Aviation said, “We have recorded profits in 2011-12 too though it’s likely to be in the region of $10 billion”. IndiGo’s profits are but a small sliver of its profits for the year ended March 2011 figure of $60 billion, up around 18 per cent over the previous year.

May 2012

Rahul Bhatia, group managing director of InterGlobe Enterprises, the parent company of the group, too confirmed to FC that

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would have known about it. But in any case, the documents will become public once we file our audited results with the Directorate General of Civil Aviation”. Given IndiGo’s heavy usage of lucrative sale leaseback brand actions, is the sharp decline in net profit indicative that they suffered an operating loss in 2011~2012? And if IndiGo suffered this much, then what would have been the effect on marginally profitable and much smaller GoAir? Post your thoughts via a comment. High prices of crude oil which have led to soaring prices of aviation turbine fuel and depreciation of the rupee have already led to Kingfisher Red closing down. Airlines such as Jet Airways had delayed their payments of service tax to the revenue authorities. BSElisted Jet posted a loss after tax of $10.2 billion in the quarter ending December 2011. Vijay Mallya-controlled Kingfisher Airlines, which is struggling to pay salaries, too recorded a loss after taxation of Rs

‘IndiGo had recorded profits in a year in which airlines such as Kingfisher struggled to stay afloat while others such as Jet Airways were forced to delay salaries to staff. ‘ Rahul Bhatia said, “We must have recorded profits for 2011-2012 too, otherwise I

444 crore for the quarter ended December 2011. SpiceJet, another listed budget airline, posted a loss of $4 billion for the quarter ending December 2011. Rajiv Duggal, managing director at Kuoni travel group India said, “IndiGo is really living up to its on time performance record and its entire system is geared to plane and deplane effectively. Pilots too seem to be incentivised to ensure they do not burn fuel unnecessarily. Thanks to the slick operations they don’t lose their position in the queue for landing or takeoffs due to delays. This makes for a brilliantly efficient service”. Travel industry veterans say the airline’s model has allowed it to stay in the black. IndiGo is an extremely tightly run outfit with good control on marketing costs and

Industry Leaders Magazine

May 2012

Industry Leaders Magazine

overheads too. Their planes are designed to strip out all extras such as a rack for passengers suits and make way for maximum seats. The inputs of its minority shareholder â€” former US airways head honcho Rakesh Gangwal in designing the product have also helped the airline be very frugal in its operation. By purchasing a large number of aircraft in a single shot, the company also manages to get discounts on the purchase price which helps it when it enters into sale and leaseback agreements, as it can realize the difference between its cost price and the market price upfront and reduce its debt load too.

â€˜The company also flies an all new fleet of aircraft which keeps its costs low and planes in the air longer, said industry experts.â€™ Industry experts believe the airline also manages to earn additional revenues from sale of food and beverages on board its flights and several companies now book their executives on its flights and book meals for them online. This tends to save the companies the cost of a full service airline ticket and also boosts efficiency of their personnel since they arrive on time for meetings etc.

Industry Leaders Magazine

May 2012

April 2012

Industry Leaders Magazine

BrightSo

not to shin

May 2012

Industry Leaders Magazine

urce IOP

ne anymore -Jason Miller

rightsource Energy has abandoned its IPO. Citing adverse market conditions stemming from a lack of public interest/funding in greentech solar companies, the company withdrew its plans to become listed and offer shares on the NASDAQ last month. Industry Leaders Magazine

May 2012

Brightsource Energy, based in Oakland, California, is considered the United States leader in the development and application of solar energy for large-scale power plants. The company CEO John Wollard advised the media that going through with the IPO would have left the company and its investors in an unfavorable position. Raising $250 million of capital in the United States proved to be too much of a challenge for Brightsource Energy but the challenge, in terms of the market, stems from competition in China and it effects on the United States’ green energy policy.

‘Brightsource Energy is the leader in U.S. green energy initiatives.’ Founded in 2004 the company develops and operates solar and thermal energy power plants utilizing proprietary technology. Unlike other solar energy companies, Brigtsource Energy utilizes thermal power, obtained by concentrating the rays of the sun onto a mirror array,

May 2012

that reflects heat to boil water and generate steam to power electrical turbines. Brightsource’s cornerstone solar energy plant, the Ivanpah Solar Electric Generating System, is located on federal land in the Mojave Desert of California. Upon completion in 2013, the plant will generate approximately 392 megawatts of power for utility companies Pacific Gas and Electric and Southern California Edison, providing electricity for 140000 homes. Surpluses of low-cost Chinese manufactured photovoltaic solar panels and federal cuts to the U.S. Department of Energy renewable energy grants have dimmed Brightsource’s prospects considerably.

Chinese Domination in Solar Energy Market China has been the predominate market force in solar energy and is the leading manufacturer of photovoltaic solar panels worldwide. Chinese Government subsidies of 30 billion dollars help to offset the cost of manufacturing solar panels and this has led to an excess of supply in the Chinese market. Exporting the solar panels became a necessity and the greentech conscious United States market continues to demand Chinese supply. More Americans

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have been adopting green energy lifestyles and the important factor has been that associated costs have fallen dramatically over the years. The limited number of United States manufactureerss has created domestic pricing conditions where the cost of installing Chinese solar panels accounts for a roughly 10% savings for the U.S. consumer.

â€˜Companies associated with the installation and maintenance needs of solar power production have also been the beneficiaries of low Chinese prices.â€™ Consumer preference continues to favor the savings provided by Chinese manufactured solar panels over the increased cost of those produced domestically. Mirroring consumer preference the U.S. Government

Industry Leaders Magazine

May 2012

John Wollard, CEO of Bright Source Energy has altered its renewable energy policy by cutting funding for federal grants, leaving Brightsource Energy in a compromised position for future growth.

What do Critics think?

United States manufacturers of solar energy panels have not been silent regarding Chinese domination of the U.S. green energy market. A formal complaint has been filed on behalf of United States based solar panel manufacturers with the Departments of Commerce and the International Trade Commission citing unfair Chinese trade practices. Allegations contend Chinese solar energy subsidies and exporting practices place United States manufacturers at a disadvantage and leaves them vulnerable to closing, threatening American jobs. The U.S. solar panel manufacturers are asking the government to place a tariff on the import of Chinese manufactured solar panels so that prices favor

Critics of U.S. solar panel manufacturers contend that a tariff on Chinese produced solar panels would stifle the booming green energy segment of the U.S. economy. Companies that install and maintain solar energy equipment for U.S. consumers say that the tariff could adversely effect growth and jobs within the industry. According to experts, the proposed tariff could increase the cost of adopting solar energy domestically around 20%. This could cause adverse effects throughout the greentech industry, negatively impact U.S. consumers, and halt a decade long trend toward broader domestic adoption of green energy. Technicians and manufacturers of related technologies are sound-

May 2012

domestically produced solar panels.

Industry Leaders Magazine

ing the alarm about the Tariffs potential effects. Brightsource Energy received a $1.6 Billion dollar loan guarantee from the U.S. Department of Energy in April 2011 to maintain 86 permanent operations and maintenance jobs. Initial filing for an IPO with the SEC occurred during the same month and reflected positive market conditions for the solar power industry.

â€˜This trend of positive market favor and United States policy has ended and so has the IPO of Brightsource Energy.â€™

The venture capital and corporate backed green energy company invariably has a lot of interest in the fate of proposed Chinese solar panel tariffs and the stability of the business depends on U.S. government policy. Brightsource with its business being the building of large solar power plants utilizes large solar mirror arrays. The cost of these arrays is an important component to the ongoing sustainability and profitability of Brightsource Energy as a leader among greentech industries. It is clear that Brightsource Energyâ€™s CEO and Board of Directors had no choice but to back out of the IPO. The decision was based on unfavorable market conditions and the current volatility within the green energy industry. Consumer preference for low-cost Chinese photovoltaic solar panels and changes in U.S. government policy was substantial enough to frighten away investors. Withdrawing the IPO was the only way for the CEO and Board of Directors to protect the companies investors and ensure the survival of Brightsource Energy.

Industry Leaders Magazine

May 2012

Industry Leaders Magazine

Worldâ€™s Most Expensive Alcoholic Beverages -Jennifer Morgan

lcoholic beverages are considered as most popular drinks for teens and adults, especially men. Industry Leaders Magazine

May 2012

People usually prefer serving alcohol in occasions, but liquor now has become a thing to offer in any occasions or even without occasions like: in the bars, birthdays, , clubs, fine dining restaurants, weddings, and many more. Most people don’t bother about the cost they will spend for an alcoholic beverage. If you are in a go to impress the most discerning dinner party guests, you need to go all out. And to really knock their socks off, make sure everything is top shelf.

‘Superior liquor can only be appreciated and valued by an experienced connoisseur.’ There is no reason why the upper rich have

May 2012

a fascination for expensive liquor, sometime it’s because of the ingredients or taste and sometimes it’s just because of the cost of the bottle and the name of the producer. Here is a list of the world’s most expensive alcoholic beverages. They are a mixture of even whiskey, scotch, tequila, vodka and cognac. Some of them are very old and create the perfect taste of alcohol.

D’ Amalfi Limoncello – $43.6 Million Limoncello is Italy’s traditional drink and D’ Amalfi Limoncello comes from Antica Distilleria Russo with single cut diamonds to make it $43.6 Million. Well, looks like only Italy can top themselves as holding the world’s most expensive liquor with the release of a D’ Amalfi Limoncello Supreme bottle glimmered with three single cut flawless diamonds. And you see the reason why the bottle in itself in a price to pay, but then you’ll come to the alcohol part. Stuart Hughes is the creator of this world’s most

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expensive liquor, called D’Amalfi Limoncello Supreme. Even though the beverage itself is special indeed, what really makes this product worth 43.68 million is the bottle. It was exclusively designed with three flawless single cut diamonds on the neck, weighing a total of 13 carats. One of the rarest diamonds in the world, flaunting 18.5 carats, is set on the body of the bottle.

Isabella’s Islay - $6 Million Isabella’s Islay has originated from the company behind the world’s most expensive non- alcoholic drink Ruwa, making it one of the world’s most luxurious Whisky that is available in two editions. Each bottle of the Whisky is handcrafted and is coated with beautiful and stunning 8500 diamonds and almost 300 rubies. The bottle is completely covered with very old single malt cask strength Islay whisky inside and English Crystal decanter. And what’s amazing about the Whisky Bottle is that the Isabella’s Islay costs $6.2

m i l lion.

Isabella’s Islay’s ‘Original’, bottle is made from English Crystal then covered with the equivalent of two bars of gold, more than 8500 diamonds and 300 rubies. Luckily, a ‘Special Edition’ budget bottle was also released for a mere $740,000, which consists of premier British craftsmanship in Crystal, White Gold and diamond lettering.

Chambord Royal by Donald Edge - $3 Million

Donald Edge and the French company have created a bottle of

Industry Leaders Magazine

May 2012

Industry Leaders Magazine

Chambord worth $3 million to celebrate fany’s. The iconic Chambord Royal orb 18 carat yellow gold. The botest round pearls, over 1,100 pear shaped diamonds, diamond. Wow! Not that’s so magnificent and sparat London Fashion Week. It the opening night of Breakfast Friel, in the Chambord bar at the The bottle has then made its entry sive Bottle of Spirits in the Guinness still wonder who would not want to encrusted with pearls and emerald

Henri IV, Cognac Grande lion

the

new stage version of Breakfast at Tifbottle is hand-shaped from tle is encrusted with the finexquisitely cut round and and a square cut emerald what I call expensive. This kling bottle was launched was then be displayed on at Tiffany’s, starring Anna Theatre Royal Haymarket. for the title of Most ExpenBook of World Records. And I own such a magnificent bottle and pear shaped diamonds.

Champagne - $2 mil-

Beer is fine, and whisCognac is ulespecially of the expen-

key’s quicker, but timate luxury, when it is one world’s most sive alcohol brands. IV Dudogn o n Herita g e pre-

Henri

sente d in an e x quisite bottle, exorbitantly priced at $2 Million. Produced since 1776 it is aged in barrels for more than 100 years, the alcohol is bottled in a bottle dipped in 24 K Yellow Gold & Sterling Platinum and decorated with 6,500 certified brilliant cut diamonds. With an approximate weight of 8 Kilograms, the bottle is filled with 100 cl. of Dudognon Heritage Cognac Grande Champagne that contains

Industry Leaders Magazine

May 2012

an alcohol content of 41%. This jeweled packing was master crafted by the well known jeweler Jose Davalos. The Henri IV Dudognon Heritage is a bottle of some of the world’s finest and most expensive champagne. One would think that having 100-yearold champagne would be luxurious enough, but apparently the manufacturers were not satisfied.

Diva Vodka - $1 Million Diva Vodka is famous for its bottle. This bottle of vodka hails from Scotland and its price is the result of how much “bling” you want your bottle to have.

‘The Diva Vodka bottle is made of Swarovski Crystal and diamond.’ The bottle has been encrusted with precious gems: diamonds, rubies, sapphires, etc. Blackwood Distillers makes this triple distilled vodka that is ice-filtered through Nordic birch charcoal and then for some reason is passed through a sand of crushed diamonds and other gems. I wonder how the Vodka would taste, having passes through the sand of crushed diamonds and gems. Vodka prices are dependent on the quality and quantity of diamonds displayed on the bottle. The cheapest of Diva Vodka is worth $ 450,000 and the most expensive (the one we are talking about) has reached $ 1,000,000. Diva Vodka is yet another world’s most expensive alcohol.

May 2012

Industry Leaders Magazine

May 2012

Hyund G

Humble beginn

May 2012

Industry Leaders Magazine

dai KIA Automotive Group (HKAG)

nings to Global prominence - Richard Meryn

The rise to prominence in the automotive industries for Hyundai KIA Automotive Group (HKAG) was capped by the acquisition of Kia Motors in 1998. Industry Leaders Magazine

May 2012

From the near collapse of Hyundai Motors in 2000 to the current successes, the company has sharpened its focus on progressive development of markets. Prior to this strategic achievement, Hyundai Motor Company, A South Korean automobile manufacturer located in Seoul serve the global consumer through provision of products and services in the automobile categories. Currently, Hyundai Owns 49% of KIA Motors, in an intricate private ownership arrangement, through which financing for expansion and operations is done.

â€˜HKAG is ranked fourth largest and most influential automotive maker across globe, closing in on Toyota, GM and Volkwagen.â€™ 82

May 2012

The group sold over 8000 cars above the sales volume of global giants, Ford in 2009, especially after carving its production and designs to the needs of the consumers. Successful implementation of strategies by company has relied on the ability of the company to identify target markets, develop models best-suited for those markets, and then offer value-addition aspects to consumers including attractive pricing.

Entry into the global markets-The US and Russia

The Vice Chair of Hyundai Motor Mr. Byungkee Suh was keen on leveraging the position of HKAG in the Eastern Europe markets. Hyundai Motors hopes to snatch lead from other automobile manufacturer in Russia as indicated by the Russia Briefing. Right from the formation of Hyundai Motors by Ching Ju-yung in 1946, the company has sought to entrench itself in the most potential markets. Expansion into the US was necessitated by the exploitation and saturation of local markets, thereby making it necessary

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Hyundai-Kia Automotive Group Chairman M.K Chung with Governor Bob Riley for overseas glory to be tapped. Globallyskewed partnerships originated from the Construction of Hans Bridge in conjunction with the US Military forces, thereby according the company the necessary contact sand reputation. , which paved way for entry into the global market. In 2005, HKAG launched the global brand management strategy, aimed at pursuing its global markets. Br establishing a differentiated brand image strategy, the company seeks to boost the overall market share of both Hyundai and KIA. In spite of its presence in the global markets during the credit crisis in 2008-09, the company was able to withstand the economic meltdown due to its strong financial background. In addition, a strong position in the domestic market which was least affected by the

credit crunch in the US and the rest of the globe.

Wide range of Models for the global consumer HKAG has showrooms spread across the globe, filled with a wide selection of cars, SUVs and CVs. From the original models of two-wheeled automobiles presented by the two companies during the solo-ventures, the companies have engaged in innovation and technological advancement to produce functional models which are environmentally-friendly and aesthetically attractive. Success in the global markets is based on the ability of the models toe exude functionality without compromising the aesthetic quality of the successive models.

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May 2012

â€˜HKAG offers a model for every category of consumer, regarding the market they are in.â€™ The successive models spot enhancements in the exteriors, interiors, performance, safety, convenience and the specifications,

May 2012

offering customers numerous options to select from. Durability of the vehicles is of utmost prominence among the consumers, with price ranges dependent on the characteristics of the models. The company has promoted innovation in terms of technology, designs and ecological friendliness of the models. Similarly, success in the local markets is duplicated in foreign markets, with models customized to meet local demands. For example, entry into the US market was based on development of SUVs which were

Industry Leaders Magazine

five-star ratings on speed, safety, maneuverability, and the fact that the US market could identify with each of the models. Entry into Russia was made possible through exports and domestic partnerships, resulting to the formation of lasting relationships with the customers in the country. Through the Uppsala Model, the company was able to develop a market for its products, introduce the customers to the benefits presented by each model, and then establish production units in the country when revenue-generation was assured. Partnerships with SOK and Avtotor resulted to synergistic expansion of the markets for the two companies, with subsequent dealership with Avtovaz sealing the success of the company in the market by the end of 2008.

‘Currently, the company owns a production plant in St. Petersburg, with production levels increasing on an annual basis.’

Cross-over models from the US market including the Sportage, Rio and Cee’d have captured the interest of the market, confavored models. Sedans were also developed, with the Beja 1000 winning the favor of the US market after success in the Dakar Rally of 1995. Success of the SUV was backed by the introduction of the Sportage, which pushed sales to over 50,000 units in the US market by 1996; with new features including versatile safety measures such as airbags and additional space for family cars. Successive models including the Sorento SUV, designed and produced in the Stateof-the-art units in Florida, US was followed by Sorent, Spectra, Amanti, Optima, Sedona, Sportage and Sephia, all which received

tributing to successful implementation of expansion goals.

Enhancement of Sales revenues and Volumes In 2010, the sales volumes of the company rose 17% in China alone to 946,000 units, with similar results in the global markets, with 536,000 units moved. Current reports indicate that the sales results for the Second Quarter ended January 2012 topped US$ 3.7, up from $ 3.4 in the previous period.

Industry Leaders Magazine

May 2012

Hilton Maldiv

A Tropical

May 2012

Industry Leaders Magazine

ves Iru Fushi

l Heaven

- Jason Miller

ucked away in the pristine area of Noonu Atoll is a haven of luxury and exuberance which is the Hilton Maldives Iru Fushi. This 52 acre stretch of lush paradise is conveniently situated less than 100 Nautical miles from MalĂŠ International Airport. Industry Leaders Magazine

May 2012

Words cannot do justice to the resort’s picturesque view of white virgin beaches and tropical abundance that will unquestionably give you the sense of both relaxation and recreation. The resort offers a wide range of amenities from having an adventurous scuba-diving experience to a therapeutic world-class spa treatment. Extravagant villas and suites nestled perfectly amongst the island’s vegetation await you that will be complimented by the immaculate ambiance and view of the Indian Ocean. A 45 minute plane ride appropriately awaits guests from Malé International Airport to the island. As soon you set foot in this sanctuary, you will immediately be brought to a place of indescribable harmony.

Accommodations The Hilton Maldives Iru Fushi offers a variety of first-rate villas and suites whether it is to accommodate a family for vacation or a couple for a romantic honeymoon. The villas offer a unique feature of having a wine cellar, catering to the indulgence of

May 2012

guests as they can take pleasure in having a glass of wine while enjoying the fresh breeze of the tropical paradise. Bask under the sun and unwind in a private pool that comes with the resort’s suites. Guests can also witness and experience the mythical sea creatures through transparent floor panels of the Horizon Water Villa. This variety of havens will give guests an experience that will without a doubt surpass expectations. Prompt and efficient room service will be available at any time of the day.

Dining Take pleasure in selecting among the wide array of dining options. The resort ensures top-quality dishes made only with the finest and freshest ingredients. The resort’s restaurants offer outstanding diversity led by world-class chefs. The Hilton Maldives Iru Fushi is known for succulent and delectable cuisines that guests can’t stop raving about. Whether it is an Asian cuisine by the resort’s terrace, a grilled feast cooked to smoky perfection by the shore, some cool refreshments while having a dip in the pool, a cup of coffee to soothe your senses,

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or a sophisticated evening in the resort’s wine cellar, everyone will undeniably have an explosion of gastronomic possibilities. Food can conveniently be served through Room Service, anytime of the day.

The Spa Visiting the Maldives won’t be complete without a dose of relaxation that will soothe not only your body, but your soul as well. The Hilton Maldives Iru Fushi will cater to this indulgence by offering premium spa services. Lock yourself away in a sanctuary of pure serenity and tranquility hidden amongst the flora and fauna of the island. 20 private gazebos will cater to individuals who desire peace and calmness. The guests’ well-being is one of the resort’s top priorities hence the extensive services such as the usage of hydrotherapy pools, steam rooms, saunas, fitness center and yoga facilities. Guests may get pleasure from soothing and calming massages complimented by aromatherapy. A getaway to this island of paradise will not be complete without allocating ample time for personal relaxation.

Recreation

in this resort. Take the opportunity to have some fun and enjoyment by availing of the resort’s exciting recreational activities. Sports facilities are also available to guests such as pool tables, table tennis equipment and dart boards. Unleash the adventurous and exploratory side of you by braving water sports and undersea adventures. The Hilton Maldives Iru Fushi in also a kid-friendly resort as it offers a safe haven called Kidz Paradise. This is where little ones can be delighted by the playground, pool, gaming facilities and toys specifically offered for their absolute happiness. The resort also conveniently offers baby sitting services. The Hilton Maldives Iru Fushi is a hidden gem preciously nestled in an ideal location that has certainly captured the hearts of countless guests. The resort not only offers luxury accommodations, luscious cuisines and unearthly sceneries, but impeccable service as well. Guests will without a doubt feel the well-deserved attention they need in this haven. The resort in itself is a tourist destination as it caters to different kinds of people seeking for a common desire which encompasses the true essence of this resort— an experience out of the ordinary… A taste of a subtle yet glorified paradise.

There is no such thing as having idle time

Industry Leaders Magazine

May 2012

Industry Leaders Magazine

China Comm Construction C

Building a con

May 2012

Industry Leaders Magazine

munications Company Ltd.

nnected world

- Jason Miller

here was a time when the West thought it had the answer to everything, particularly when it came to business; the capitalist system was the only way to encourage initiative and growth. Industry Leaders Magazine

May 2012

While some will say that myth was destroyed with the financial crisis created by the reckless behavior of Western Banks leading up to 2007/8 and the collapse of the World Economy, others will point to the changes already taking place at the other side of the World, changes that suggested that economic power was moving East anyway.

Unrivalled Business Model An excellent example of a company which has come to the forefront of the vital sector, construction, transport infrastructure and manufacture is the China Communications Construction Company Limited (CCCC) which although it was only incorporated just before the problems that led to the financial collapse in the West, has proved yet another example of why the Chinese are seen as the dominant economic force in the World and why the dollar is under so much threat as the leading world currency.

â€˜CCCC was listed on the Hong Kong Stock Exchange late in 2006 and is the first state owned transportation infrastructure group moving into the capital market abroad.â€™ 96

May 2012

It is ranked twelfth in revenue terms among the State owned assets Supervision and Administration Commission (SASAC) in China and fourteenth in profit terms. Its previous record of construction meant that its Stock Exchange move was an obvious step given the increasing strength of China and its influence in the World.

How Fast did the China Company Grow? While many capital expenditure projects have been shelved with Western Europe

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The impact it has made in the overall development of the People’s Republic of China can be seen by its citizens every day as they travel through the country; they would find travel much more difficult but for the infrastructure that CCCC has designed and built.

‘China’s communications system has developed quickly with new expressways, bridges, tunnels and ports.’ These are vital to keep pace with the need for the Country’s infrastructure to match its economic growth. CCCC has only been in the and North America because of economic problems, CCCC is steadily growing. Its main activities involve the design and construction of transport infrastructure whether road, sea or rail. Bridges, tunnels, dredging, road, rail and port, CCCC has proved able to turn its hand to anything. It has a number of wholly owned subsidiaries but as a group is the largest port construction and dredging company in China; it is a leader when it comes to roads, bridges and railways. If that was not enough it is the largest container crane manufacturer in the World.

railway sector a relatively short time, since 2005, but in that time has been busy as the government seeks to link the major cities with a modern rail network. Its projects have gone across the border to other parts of Asia and beyond. One of the best indications of its overall strength is in the container crane business; it has almost 80% of the world market share covering 73 countries with its products. Its reputation has been built up in several continents over two decades, notably in Asia, Africa, the Middle East and South America where Chinese diplomacy has

Industry Leaders Magazine

May 2012

forged friendships and business links with a number of countries.

with the best qualified staff that China can provide.

CCCC was first listed in the Engineering Newsâ€™ Records twenty years ago and has remained in a prominent position ever since.

While China has not adopted the traditional capitalist system, its companies do recognise the value of their workers and initiative, success and innovation has its rewards. The Country has seen the need to expand into the world as a whole and there are few better examples than CCCC. While it was Japan and South East Asia that led the way half a century ago, it is CCCC and similar Chinese Companies which are currently leading the way. China has avoided the problems of countries such as Russia opening itself up to capitalism; instead it has adopted parts and seen the mistakes that Country has made and avoided falling into a similar trap.

â€˜It has been the number one Chinese enterprise in revenue terms since 2008.â€™ No company can retain such a prominent role in so many activities without a highly skilled and profession staff; its research and development departments contain a level of expertise which will ensure the company can maintain its prominent role both at home and abroad. Nothing is spared when it comes to technological expenditure with design institutes, research centres and laboratories staffed

May 2012

There is no better example of the success of China and CCCC than in noting the visit of the British Chancellor of the Exchequer to Hong Kong recently looking to drum up business for the City of London as a future trader in the Chinese currency; he visited Beijing in search of investment while within the West, the problems of the euro and the caution of the public and private sectors have created stagnation.

Industry Leaders Magazine

April 2012

Evergreen Mari

Gardening ou

100

May 2012

Industry Leaders Magazine

ine Corporation

ur Green Earth

- Richard Meryn

vergreen Marine Corporation is one of the top containerized-freight shipping companies in Asia with its headquarter in Luzhu, Taoyuan County, Taiwan. Industry Leaders Magazine

May 2012

101

And with access to 240 ports and service locations worldwide in around 80 countries, it is the most trusted name in shipping in both Asia and the North America west coast. The company connects major Asian countries like Japan, Taiwan, Hong Kong and other countries to the US and the UK.

How are they Distinct from the Rest? Evergreen Marine Corporation has revolutionized the shipping industry by shortening delivery time by using computer-controlled reefers and providing additional feeder services. With the use of modern technology, plenty of service locations, efficient vessels and world-class customer service, shipping raw and fresh materials is no longer a problem.

‘Evergreen Marine Corporation can get your goods delivered in no time with less or no damage at all.’ The company has a fleet of newly build vessels equipped with the latest high-end and modern technology that will ensure that your goods will be handled with the utmost care at the fastest time.

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The best thing about Evergreen Marine Corporation is that they have more than 160 container vessels that has routes Asian routes like Hong Kong, China, Korea, Japan and Taiwan. They also have routes to some countries in the Miditerranean, Europe, South Africa and North America. The Evergreen Marine Corporation fleet is easy to identify, with its green paint with the word “evergreen” painted on each one in white letters. There five general routes include East Asia to North and Central America, East Asia to Northern Europe and the Mediterranean, Europe to North America, East

Industry Leaders Magazine

and quality of delivery is supervised. There are 2 transshipment hubs in Taiwan, one in Panama and one in Taranto Italy. They also have several container terminals.

Excellent Customer Service The company has set up a customer-friendly website where existing customers can check and track their cargo in transit, get notifications and updates from the customer service team while potential customers and interested parties can check sailing schedules in different areas, terminal points, search vessel schedules and arrival times. Tariff and rates are also available online so you donâ€™t have to call and search for quotations. All information is available Asia to the Southern Hemisphere and intra-Asia routes. These are major routes in the shipping industry so traffic in these routes are normal. To avoid delays, Evergreen Marine Corporation also has feeder services in the Caribbean and the Indian subcontinent. They also have formed alliances with their shipping counterparts by doing joint services, slot exchanges and slot charters to avoid delays, damages and shorten the shipping time.

on their website including vessel particulars and container specifications.

Evergreen Marine Corporation also have four major transshipment hubs where all shipments and transactions are monitored

You can also get regional information on the site on their China connection and other connections like Germany, Hong Kong, In-

â€˜You can also check for routing networks and other schedules through email.â€™

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dia, Italy, Japan, Malaysia, the Netherlands, Spain, Taiwan and United Kingdom. With all these information available, you can be assured of the safety and prompted delivery of your cargo. Evergreen Marine Corporation also helps clients with the processing of the Bill of Lading for the cargos. That is less hassle for you. And because everything can be done through their website, there is no need to fax, call or visit their office for the process. You can process the bill of lading by emailing the documents, file, view and print out the documents at the comfort of your home

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or office. Bills for the shipping transactions can also be settled online since their website has e-commerce solutions and features that will allow for easy, fast andcomfortable transactions. Now thatâ€™s what you call an excellent service.

Dedicated and intuitive Employees To ensure cargo safety and protection of the environment, all Evergreen Marine Corporation seafarers go through intensive training. For the company, the safety of the cargo

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and the satisfaction of their clients are the main priority. That is one of the reasons why Evergreen Marine Corporation is considered the leading shipping company today. All cargoes are insured and has an extensive coverage to make sure that clients are protected. Evergreen Marine Corporation is also a member of the Uniform Intermodal Interchange Agreement Association or UIIA. The association monitors and regulates its members to make sure that each ocean carier, leasing companies, railroads and intermodal trucking companies comply with industry standards and

insurance policies that protects both the shipping company and its clients. Evergreen Marine Corporation is no doubt the most trusted name when it comes to cargo handling and shipping. With years of great service and a long list of satisfied clients, the company shows great promise to stay on top of their game for years to come. With modern equipments and facilities and world-class crew, you can never go wrong with Evergreen Marine Corporation.

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Rosneft

Energy For Growth - Christine Taylor

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osneft is the leader of Russiaâ€™s petroleum industry, and ranks among the worldâ€™s top publicly traded oil and gas companies. Industry Leaders Magazine

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The Company is primarily engaged in exploration and production of hydrocarbons, production of petroleum products and petrochemicals, and marketing of outputs. Rosneft has been included in the Russian Government’s List of Strategic Enterprises and Organizations.

Business geography and Reserve base Rosneft is widely engaged in exploration and production across all key hydrocarbon regions of Russia: Western Siberia, Southern and Central Russia, Timan-Pechora, Eastern Siberia and the Far East. In addition, the Company participates in several exploration projects in Kazakhstan and Algeria. Rosneft’s seven major refineries have convenient locations throughout the country, from the Black Sea coast to the Far East, and the Company’s retail network covers 41 regions of the Rus-

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sian Federation. Rosneft also owns 50% of Ruhr Oel GmbH which holds stakes in four refineries in Germany. Unlike many of its competitors, Rosneft has a vast and highquality reserve base, with total proved hydrocarbon reserves of 22.8 bln barrels of oil equivalent – among the best indicators for a global publicly traded oil and gas company. Moreover, Rosneft is second-to-none on an international scale in terms of total proved liquid hydrocarbon reserves. The Company’s proved reserve-to-production ratio is 25 years. Rosneft operates mainly conventional reserves, so the Company is well-placed for efficient increase in hydrocarbon production. In addition, Rosneft has access to 12.5 bln barrels of oil equivalent of probable reserves and to 10.5 bln barrels of oil equivalent of possible reserves, which will become the main source of proved reserve extension in the future.

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Geological exploration

& gas regions in the world.

Rosneft is focused on expanding its resource base through intensive exploration and new acquisitions in order to secure sustainable production growth in the long term. Reserve replacement has averaged 150% in the last five years, not including acquisitions, which is among the highest indicators in the sector. Rosneft’s major exploration projects are located in Russia’s most promising oil & gas regions, such as Eastern Siberia, the shelf of Russia’s Black, Caspian and Azov seas, and the Russian Far East. As a result, the Company has access to 50.5 bln barrels of oil equivalent in prospective recoverable resources. In 2010 the Company acquired several blocks on Russia’s Arctic shelf, which is one of the most promising oil

Oil production and Gas production Rosneft has been successfully implementing its strategy of steady production growth, supported by constant monitoring and adoption of innovative technology. In 2010, the Company produced a total of 875 mln barrels of crude oil, thus posting a six fold growth in crude output over the last five years. Furthermore, the Company consistently maintains high operating efficiency, and has the lowest upstream production and operating expenses among its national and major international peers. Rosneft is also one of the leading independent gas producers in Russia, with an annual

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output of natural and associated gas of about 12 bcm. The Company’s vast and unique reserve portfolio ensures steady long-term growth in gas output. Rosneft is currently implementing comprehensive measures aimed at achieving a target gas utilization rate of 95%, one of the Company’s high-priority objectives.

Retail network Rosneft is aware of the importance of increasing direct sales of petroleum products to end customers. For that purpose, the Company is consistently extending its retail infrastructure, which now comprises 1,800 service stations – the country’s second largest marketing network.

Strategic international cooperation Rosneft has signed a Strategic Cooperation Agreement with ExxonMobil to initially conduct exploration of license blocks in the Kara Sea and the Black Sea. The alliance is planning to implement a number of hydrocarbon exploration and development projects in Russia, the United States and other countries. Under the agreement, Rosneft and ExxonMobil are due to set up an Arctic Research Center (ARC) for Russian and US experts to conduct joint research.

Upstream Rosneft is widely engaged in exploration & production across all key oil & gas regions of Russia: Western Siberia, Southern and Central Russia, Timan-Pechora, Eastern Siberia, the Far East, and the shelf of Russia’s Arctic seas. The Company operates a huge and unrivalled reserve base. As of year-end 2010, Rosneft’s total proved oil and gas reserves under PRMS classification were 22.8 bln barrels of oil equivalent, among the highest for a publicly traded petroleum company worldwide.

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Rosneftâ€™s active participation in numerous exploration projects ensures access to considerable prospective resources, which will further support the Companyâ€™s longterm development. According to the mean estimate by DeGolyer & MacNaughton, total prospective recoverable resources in projects with Rosneft involvement were 50.6 bln barrels of oil equivalent at the end of 2010. Unlike many of its competitors, Rosneft has a diverse portfolio of high-quality oil and gas assets, which allows the Company to secure sustainable cost-effective growth in the short, medium, and long term.

Downstream: The Company currently owns and operates seven large refineries in Russia with an aggregate annual capacity of 372 mln barrels (50.9 mln tonnes) and four minirefineries. Rosneftâ€™s plants are able to process about 45% of crude oil produced by the Company. Rosneft owns as well a 50% stake in Ruhr Oel GmbH, the owner of stakes in four refineries in Germany with overall capacity of 23.2 mln tonnes. In the medium term, Rosneft will intensify efforts to further expand its refining infrastructure. The Company will also continue upgrading its existing refineries to foster the production of petroleum products meeting the latest environmental standards. Rosneft is currently the second largest national oil company by retail network, which covers 41 region of Russia and includes 1,800 service stations. In future, the Company plans to maintain its focus on extending and optimizing the marketing network. Rosneft also owns several large marine terminals that enjoy favorable locations and ensure efficient exporting of crude oil and petroleum products. Seeking to improve the balance between its export capacity and planned crude oil and petroleum product output, the Company implements a comprehensive program to upgrade and further expand its marine terminals.

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ENERGY Pakistan Oil Gas & Energy Exhibition & Conference : Date: 08-MAY-12 to 10MAY-12 Pakistan Oil, Gas & Energy Exhibition & Conference (POGEE Pakistan) caters to the increasing demand for products and services in the Oil & Gas sector of Pakistan with an opportunity for the leading players to exhibit and introduce the latest in technology to the growing Energy Industry of Pakistan. Pakistan Oil, Gas & Energy Exhibition is the only event of its kind that focuses on the ongoing developments in this part of the world, bringing together the leading industry professionals. Venue: Karachi Expo Center, Karachi, Sindh, Pakistan Greenpower : Date: 08-MAY-12 to 10-MAY-12 Green power is an International exhibition on energy generation and conservation, to showcase the progress made, deliberate the potential opportunities and challenges facing the industry and to create a road map for sustainable growth and development. Green power fair is organized in cooperation with the Polish Economic Chamber of Renewable Energy. Venue: Poznan International Fair Grounds, Poznan, Poland AIR Technology : Date: 08-MAY-12 to 11-MAY-12 Air Technology Exhibition incorporates pneumatics, hydraulics and compressed air technologies. On show will be breakthrough technology led by intelligent pneumatics, bus technology and the world of nanotechnology. The pavilion will display a comprehensive range of Air Technology products and solutions for the manufacturing industry. Venue: Sydney Showground, Sydney, New South Wales, Australia Solar Expo : Date: 09-MAY-12 to 11-MAY-12 International exhibition on energy generation and conservation, to showcase the progress made, deliberate the potential opportunities and challenges facing the industry and to create a roadmap for sustainable growth and development. Venue: Verona Exhibition Centre, Verona, Veneto, Italy

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MANUFACTURING

Electric Power : Date: 15-MAY-12 to 17-MAY-12

Electric Power will be one of the main event related to power industry. Many renowned companies will be participating in the event from all over the world like ASGCO Complete Conveyor Solutions ASME International, Aspen Technology, Atlas Copco Compressors LLC, ATM Freight Services; Automatic Systems Inc., Axiomtek and many more. Electric Power will provide many products and service related to electric and power industry like material handling, fuel switching and lots more. The visitors can explore latest designs and service related to power industry. Venue: Baltimore Convention Center, Baltimore, Maryland, United States Of America Rapid Exposition : Date: 22-MAY-12 to 25-MAY-12 Rapid Exposition will be held for Engineers, Managers, Consultants, Educators, Students and Technology Professionals. The show will display many types of products like measuring tools and equipment, alternative energy technologies, plastics moulding & manufacturing and many more. Rapid Exposition will host many seminars, webinars, conference and special events which will become the main attraction of the event. Rapid Exposition will discuss about the latest materials and machinery and compare processes. The event will be designed as a fabulous consumer fair which offers its exhibitors with the best selling opportunity and its visitorâ€™s best purchasing activity. Venue: Hyatt Regency Atlanta, Atlanta, Georgia, United States Of America Contamination Control & Cleanroom Products Exhibition : Date: 23-MAY-12 to 24-MAY-12 The 3C (Contamination Control & Clean room Products) Exhibition will provides a opportunity to those involved in the protection and prevention of particle infection to personnel, products, or the environment. This is the place where you meet with suppliers who understand the requirements and needs of your industry, from automotive to medical, food and beverage to microelectronics and everything in between. Match their capabilities to your project specifications. Venue: National Exhibition Centre(NEC), Birmingham, England, United Kingdom Auto Mobil International : Date: 02-JUN-12 to 10-JUN-12 Auto Mobil International (AMI 2012) is the trade fair for vehicle parts, workshops and service station equipment. It will be the most important motor show in Central Europe during the first six months of the year when sales are high. Venue: Leipzig Exhibition Centre, Leipzig, Sachsen, Germany

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CONSTRUCTION

Green Buildings NY : Date: 02-MAY-12 to 03-MAY-12 Green Buildings NY is the prestigious & only Exhibition of its kind in the region which brings the key decision makers of the Building Construction industry under one roof. Green Buildings NY is the place to source green solutions and materials for the design, construction, restoration, renovation and historical preservation of existing commercial, residential and industrial buildings. See how eco-friendly can be economy friendly. Venue: Jacob K. Javits Convention Center, New York, United States Of America ConBuild Mining Indonesia : Date: 02-MAY-12 to 05-MAY-12 ConBuild Indonesia is an international trade fair for Construction and Building - Machinery, Equipment, Materials, Vehicles, Technology & Services. ConBuild Indonesia offers in new initiatives and developments throughout Indonesia. It meets the imperative for companies to showcase in regions that are booming, and provides even greater access to all of Vietnam. Venue: Jakarta International Expo (JIExpo), Jakarta, Jakarta Raya, Indonesia Construtec : Date: 08-MAY-12 to 11-MAY-12 The Construction sector in Spain is one of the most competitive and quickly developing branches. High demand and stabilization of the economy has created the favourable climate for intensive construction market development. It is an attractive opportunity for exporters looking to increase their business. There is no use to visit the whole Spain just plan a visit to Construtec-Building Exhibition where all Caucasian regions are represented. Venue: Feria de Madrid, Comunidad De Madrid, Madrid, Spain Autostrada Polska : Date: 08-MAY-12 to 11-MAY-12 Autostrada Polska will be concerned with the displaying of products and services related to road construction, traffic engineering and road safety. The products and services which will be displayed include heavy machines, construction equipments, road construction materials, marking equipment and paints, as well as infrastructure required for the maintenance and utilization of motorways. Autostrada Polska is an international fair which will be participated by worldwide producers, corporations, associations and organizations contributing to the development of road and traffic. The event which was organized in the previous year attracted around 20,000 visitors and major exhibitors. Venue: Kielce Trade Fair Centre, Kielce, Swietokrzyskie, Poland

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SUPPLY CHAIN Logistics Transport - Helsinki : Date: 09-MAY-12 to 12-MAY-12 Logistics Transport is an international networking place for logistics. Almost 300 exhibitors will make sure that the sectorâ€™s new information and most current solutions are within the visitorsâ€™ reach. Venue: Helsinki Exhibition & Convention Centre, Helsinki, Finland Propac Arabia : Date: 20-MAY-12 to 23-MAY-12 Propac Arabia is the Premier International Exhibition on Processing & Packaging in Saudi Arabia. The main emphasis of the event will be to address the needs of the post-harvest and food technology, processing and packaging industries. Venue: Jeddah Centre for Forums & Events, Jeddah, Saudi Arabia East Pack : Date: 22-MAY-12 to 24-MAY-12 East Pack will be concerned with trading business of packaging industry. It will serve the market of Eastern United States, helping to generate new leads and business relations. The event takes place annually and over 35,000 production and manufacturing managers, packaging engineers, project/product managers, brand managers, operations managers, purchasing staff, and general corporate managers visit the event each year. It will attract industry professionals from various packaging sectors like cosmetics and personal care; food and beverage; medical, pharmaceutical, nutraceutical, and the full spectrum of consumer and industrial products. East Pack is an excellent platform to display equipments, technologies and materials. The event will encourage adopting such methods which are cost effective, produce low waste and increase efficiencies. Venue: Pennsylvania Convention Center, Philadelphia, Pennsylvania, United States Of America Transport logistic China : Date: 05-JUN-12 to 07-JUN-12 Organizing by Messe Munchen GmbH at Shanghai New International Expo Centre, China, the transport logistic China is highly focused event on logistics and transportation sectors. It is 3 days event which is ready to invite professionals from automotive, petrochemical, manufacturing etc sectors. Venue: Shanghai New International Expo Centre (SNIEC), Shanghai, China

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FOOD & BEVERAGES KENYA FOOD EXPO : Date: 15-MAY-12 to 18-MAY-12 Food & Pack Kenya is an exhibition related to the food processing industry in Kenya. Food processing industry in Kenya is largely dominated by small and medium industries, catering, mainly for the domestic market. Venue: Kenyatta International Conference Centre (KICC), Nairobi, Nairobi Area, Kenya Barzone : Date: 22-MAY-12 to 23-MAY-12 The event named as barzone - Bar and Restaurant Business Show will be held next year in the month of May. The show would begin on 22nd of May and will end on 23rd of May. The event would be held at the Premises of Station-Berlin in the capital city of Germany. The show would give a chance to the people who deal in the business of wine, beverages, catering software etc, to search for new business opportunities. They will have a chance to interact with buyers, importers and exporters of this field. The show would give a chance to the buyers to see the exhibited products and choose as per their choice. Venue: STATION-Berlin, Berlin, Germany Food & Drink Expo Colorado : Date: 23-MAY-12 to 23-MAY-12 Food & Drink Expo Colorado offers a unique opportunity to exhibitors to showcase and sell their products and services to multiple industry segments and qualified owners and buyers. This show provides the best platform to the related industries to develop great business and networking opportunities. Venue: Denver Merchandise Mart, Denver, Colorado, United States Of America Smart Kids : Date: 25-MAY-12 to 27-MAY-12 Smart Kids is the largest and longest running childrenâ€™s education fair in Malaysia. The fair focuses on presenting parents and child minders a platform in which to explore the many educational opportunities available for children. Children visiting Smart Kids will find a variety of activities which help them learn new skills and understand the world around them via interactive games, educational booths and participative activities. Venue: Putra World Trade Centre (PWTC), Kuala Lumpur, Malaysia

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Industry Leaders Magazine May 2012 Issue