October 2012
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As global warming continues apace and becomes an increasingly “hot” topic amongst world governments, many companies are doing their part to become environmentally more responsible or “green”. Supporters of green companies claim that it is far more economical to go green than it is to continue adding harmful chemicals to the atmosphere and the environment in general. Opponents believe that the environmental claims of “green companies” are often exaggerated. Well one thing we know for sure that if we care for our next generation, we have to switch to a more sustainable lifestyle. Our cover story talks about worlds ten biggest companies who have shown that they care. While it is certainly an informative read, it also provides some kind of motivation to follow the footsteps of the ones who have taken a green step. Our success stories showcase the end results of efforts and perseverance that founders of these companies have put and crafted a worldly renowned successful business. All this and more… Regards,
Carrie Ann Editor-in-Chief,
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October 2012 FEATURES
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Contents
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Enchanting Hong Kong business story continues “... a fine way to capture a piece of the magic of a unique city. The drama, the charm and the beauty of Hong Kong is all here-just as is its breathless energy.�......
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The Big Step - Top companies which took a green step Most businesses and companies nowadays recognize that the problem of climate change is not going to be solved anytime soon.... Read More...
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Contents
Success Stories
REGULARS
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Latest in Business
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Leader Talk
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The WOW ! Quotient
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Konecranes - lifting Business Konecranes is the overhead crane industry leader, with a complete range of lifting equipment and the largest service team in.....
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Mergers & More
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Larger Than Life
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Industry Events & Tradeshows
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SUZLON - powering green tomorrow The Suzlon Group is ranked as the world’s fifth largest* wind turbine supplier, interms of cumulative installed capacity, at the end of 2011.....
Success Stories 100
IndiGo Airlines IndiGo is built for people with things to do, places to be, people to see - who don’t want to waste time, money or energy in the process....
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Head-Space
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Keep steadily before you the fact that all true success depends at last upon yourself.
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- Theodore T. Hunger
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China’s Alibaba Group Inks $7.6 Billion deal with Yahoo Yahoo Inc. was finally able to complete a long awaited Yahoo-Alibaba deal with China’s Alibaba Group worth $7.6 billion, giving rise to a windfall that could play a major role in easing the pain of Yahoo Inc.’s shareholders who have been forced to suffer because of the faults of the company over the course of the past few years.
Final Stage of the Deal The resolution of the Yahoo-Alibaba deal arrived at on Tuesday comes just
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four months after Alibaba Group Holding Ltd. and Yahoo Inc. planned the details of a difficult deal between the two groups that took over two years of on-off negotiations to hammer out. The deal will offer a greater degree of autonomy to Alibaba as it gets ready to pursue a preliminary public offering of stock within the next three years. The deal, one of the few moves that Yahoo has gotten right in the last few years, will equally reward the company.
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Latest In
- Anna Domanska
Starbucks introduces “Verismo” brewer for $199 Starbucks Corp. has introduced its new single-serve brewer Verismo, which will be sold online this weekend for $199. The Starbucks Corp. Verismo machine is planned to be sold in the company’s cafés next month. The competitive prices of the Starbucks new coffee machine could be a threat to brewers from Green Mountain Coffee Roaster Inc. and Nestle SA, the dominant players in the singleserve coffee market valued at $8 billion.
The single-serve coffee market affected by
Starbucks Verismo The competition in the growing singleserve coffee market is intensifying, though Starbucks Corp. decided to introduced its new Verismo machine to the market. Starbucks Corp.’s decision to introduce its single-cup coffee maker, that will enable its consumers to make their own lattes with real milk, is another step of launching new lines of business. Yet the decision comes a year after Starbucks Corp. signed a deal with Green Mountain Coffee Rosters Inc. to produce coffee pods for Keurig machines.
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Newbury Racecourse sells land in £42m deal Newbury Racecourse Plc has informed that it agreed to sell part of the land to David Wilson Homes, the property developer, who intends to build approximately 1,500 homes in the next 10 years.
The Newbury deal Newbury Racecourse Plc sold the land on its western, central and eastern sites to David Wilson Homes. According to the deal, David Wilson Homes will pay £42.6 million for the land, with the proceeds funding new racecourse facilities
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as well. The Newbury deal took as long as 5 year to have been signed at last, and it came after a hostile takeover bid for the racecourse made by Australian raider Guinness Peat in 2008. According to the statement, building work on the first house is to start within months after the Newbury deal is completed. Newbury Racecourse Plc expects to get roughly £33 million after tax from the Newbury deal, with a £5.1 million upfront payment by David Wilson. The most of the balance, however, is expected to be near the end of 10 year-long project.
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Latest In Wal-Mart Decides Not to Sell Amazon Kindle Anymore Wal-Mart Stores Inc., which is the U.S. largest retailer, informed on 20th of September that it had decided to stop selling Amazon.com Inc.’s Kindle tablets and e-readers. The move seems to be made just after a pricing dispute. Company’s official informed concurrently that WalMart Stores Inc. would focus on the sale of Apple Inc.’s iPad and other gadgets, which consumers are more interested in.
The break of all strains with Amazon The Wal-Mart Store Inc.’s decision to stop
selling the Amazon.com Inc.’s Kindle, which is similar to move made by Target Corp. just in May, comes after American online retailer launched a smartphone application known as Price Check that enables its users to compare Amazon prices to other stores’ prices by scanning bar codes of products. The application triggered Wal-Mart Stores Inc.’s executives to take appropriate measures to stop the cooperation with Amazon and focus on the sale of the Apple’s iPad and Barnes & Noble’s Nook.
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Smaller PlayStation 3 to Be Released for Holiday Season Sony Corp. has just announced a new, smaller and lighter version of the PlayStation 3 console, which is to be sold this holiday season. By launching the new smaller PlayStation 3 Sony tries to lure back its consumers, who are attracted by games played on mobile devices and PCs. Just in August, Sony Corp. introduced PlayStation Mobile which is an initiative aiming at enabling Android devices to play PlayStation games.
PlayStation 3 – remedy
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for a tough economic time Sony Corp., which is one of the most known and reputable Japanese electronics and entertainment companies, announced its smaller version of PlayStation 3 just a day ahead of the annual Tokyo Game Show. However the announcement of the Sony Corp.’s new and smaller PlayStation 3 did not catch much attention as the launch of the long-awaited Apple Inc.’s New iPhone 5 had been announced for the 21st of September.
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Latest In Shell Delays Arctic Drilling Due to Technical Setback Royal Dutch Shell PLC announced on the 17th of September that it was forced to delay its oil drilling in Alaska’s Arctic after a key oil-containment system had been damaged during a test. As it was stated in the statement, Shell Oil Co. would do everything into its power to go back to its oil drilling plan in Alaska next year.
Shell forced to postpone its drilling plans
preliminary work this year on some wells in the region, yet the company, however, will not be able to drill for oil until summer 2013. The information on the delay of Shell’s oil drilling plans in Alaska is certainly a setback for the company as it has already spent roughly $4.5 billion in a bid to open one of last great oil frontiers which Alaska’s Arctic is said to be.
Shell Oil Co., however, will perform its
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The Key to a Successful Leadership - Patrick Alain
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Leadership skills can be acquired over time. It is possible to develop the qualities that make up a successful leader. It is a wellknown fact that true leaders are never satisfied with their own selves and are always on the lookout for opportunities to grow. In order to improve leadership skills, it is necessary to concentrate on a few specific areas. Industry Leaders Magazine
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Many books have been written on the subject of leadership but most of them are too deep and are unable to clearly communicate the main principles required for effective leadership. When the subordinates work in tandem with no specific agenda, there is no fixed limit on the level of success. It is the responsibility of the leader to maintain a suitable atmosphere that is conducive
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to the growth of the institution.
Vision: the Mark of a True Leader Every leader must have a follower. In order to follow, the followers first need to know be aware of where they are going. Only if the leader possesses a clear vision, can he explain it to the others.
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The followers must be inspired by the vision of their leader and feel motivated to assist him in making that vision a reality. Every one of the followers needs to be involved in the process of development. This will enable the leader to focus on the method of achieving that vision. Strategy is not likely to be of much use unless there is a clear vision of the fu-
ture along with the means necessary to reach there. It is in this case that the concept of values comes into play. A particular set of values acts as a foundation that all followers need to embrace in order to make the decision-making process much simpler and point out the right direction. If the vision is compatible with the values, the leader can proceed; if not, progress is hampered.
Communicating the central values and vision is important on a regular basis since it will turn out to be a driving force in the future. Attitude of the Leader and the Impact Attitudes can have long-lasting impact. The attitude of a leader will be reflected on his followers; if negative, the followers will feel depressed and if positive, the followers will be happy by the attitude of the leader. So, no matter what the situation, a good leader should always consider the impact of his response. Leadership is mostly about influence. Every leader is bound to influence his followers in some way or the other. Most leaders should try and influence people in the direction of his vision. The way in which the leader conducts himself lets the people know whether they can count on him or not. They find faith to believe in him. Their belief in the leader is even more strengthened when they witness
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that what the leaders says, he actually does. Maintaining a good attitude helps build respect, trust and credibility among the leader and the follower.
and good leaders always come up with ways to juggle their personal and professional life.
Hard Work Always Pays Off This may seem to be some kind of a clichÊ but there really is no alternative to hard work. Most of the successful leaders never slacked off – they worked hard in the beginning, the middle and the close of their career. Many have been known to come into work early and leave after almost everyone else. Additional responsibilities have been thrust upon them. Leaders have always welcomed task forces and special assignments. They have never searched for shortcuts and have never tried to push challenging work in the direction of others. And, in the end, they have been rewarded for their diligence, tenacity and patience. This just goes to show that hard work is the basis of a successful leadership. But in the course of hard work, even leaders should make time for some fun. This will not only boost his popularity with the followers but also bring them closer together. Leaders should keep an eye out for any opportunity that fosters a sense of support and family. Building an environment that people actually enjoy will ensure that they feel good about coming in every day and making a contribution to another person’s future. Balance is the key. Most successful leaders seem to be single-mindedly focused on their profession. But beneath that layer of resolve and determination, lies a person who has other interests in life. Sometimes, one area needs to be shut off completely in order to focus on the other. But these instances are rare
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Develop with Time Leaders are expected to facilitate positive change. Even if one is not the inventor or the creator, it is necessary to
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give proper recognition to and support bright ideas. Instead of worrying about whether they came from him or not, a proper leader considers whether the status quo has been challenged or not,
to the process of learning, especially from mistakes that have been committed by them. In order to learn, a leader should maintain an open mind, explore and listen.
Knowledge: the Key to Success
True leaders not only possess knowledge about their respective field, they are also aware about the important skills, behaviors and attribute that make up a successful leader.
or whether it is now the right time to experiment. There are some leaders who suffer from the notion that they possess all the answers they could possibly want. But, successful leaders never put a stop
They understand and appreciate the divide between management and leadership. They are also aware that this knowledge happens to only be a point of beginning; in order to realize how a true leader works, knowledge must be applied. Real leaders should be aware of their followers. They need to understand their source of motivation and de-motivation and then apply it accordingly to their relationships. Good leaders need to adapt their style continually in order to suit the needs of their followers along with the requirements of the task at hand. Knowledge may equate to power only partially; it is just potential power until the time it
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is applied with integrity and humanity.
Connect and Conquer Leadership skills benefit from emotional intelligence and authenticity. When the leaders encourage others and demonstrate that they really care about their followers, they draw them closer in spite of obstacles and challenges. Communication also helps leaders to become more powerful by empowering others. Great leaders help others attain their full potential. Every single person commits mistakes and meets with disappointment. Successful leaders in varying fields of government, business and the professions are aware of their shortcomings and accept them fully. They are quick to learn from the mistakes they have made and move on. Those individuals who linger on mistakes or are extremely cautious
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and rarely make missteps do not have the potential to turn out to be great leaders.
Choosing the right example of a successful leader happens to be something of a dilemma nowadays. Followers are confused regarding whether to look up to previous industrial giants or CEOs or political leaders or even reputed leaders from military history. Future and current leaders can gain an insight into how they can transform themselves into better and acclaimed leaders.
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The That’s not science fiction genre, that’s future! It has become appallingly obvious that our technology has exceeded our humanity. Albert Einstein
roids
Human Workers ? - Richard Meryn
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Every each of us experience presence of technology and machines which are becoming more and more visible in day-today business and economy. Even when you go to the stores you will see 5 cashiers and 5 self service machines instead of 10 cashiers ready to serve a customer. And even though some may think that those self service machines are quite convenient and fast at the same time, other will start thinking: “Does it mean that all of us will be replaced with robots at
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The
some point? Are we humans no longer needed?”
ing the growing uncertainty among runof-the-mill.
These questions are perfectly natural, given the fact that more companies have been implementing technologies and robots to make their production and services more efficient and fast. For example, more companies decide to no longer have operators or secretaries answer phone calls, replacing them with automatic machines.
Andrew McAfee’s vision of the robotic future
And even though common people sometimes get irritated with this increasing automation of life, the fact is that all of us should get used to it. Technology is entering our lives and business more aggressively and it has already become the part of every-day life and reality. “Will robots take our jobs? Will droids will replace human workers?” – these questions have been repeated so many times in the last couple of years show-
Andrew McAfee, the world-known principal research scientist at the Center for Digital Business in the MIT Sloan School of Management, studies the ways how information technologies affect businesses and economy as a whole. Andrew McAfee, a co-author of the book Race Against the Machine, holds a positive opinion on the future impact of automation on the economy. As he understands people’s feeling of uncertainty, he deeply believes that droids / robots will bring more good things than bad things to both companies and human civilization. The impact of digital technologies on workforce, however, is not so visible yet, according to Andrew McAfee. He
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The strongly believes that in couple of years digital technologies will possess skills and abilities, which we can hardly imagine these days. And even though knowledge is hardly to automate we can forecast with high probability that digital technologies will be more and more intelligent with every single day. As he emphasized, common people and business should be ready to see digital technologies entering the physical world as well. A few of these digital technologies have already entered it, just to mention a Google self-driving car or robots used on the ground in the air by the military. “We thought human beings held the high ground in a lot of these areas. We looked around and suddenly saw computers doing things they weren’t supposed to be good at it ... We’re going to see computers, robots doing a lot of jobs that humans are holding today, “ he noted. And even though droids / robots are still primitive, these days research is being conducted so much quicker than even few years ago so we can expect artificially intelligent robots just in couple of years, as military departments all over the world invest significant amounts of money in the research labs. What we are experiencing these days can be compared to the Industrial Revolution (1750 – 1850). The revolution, which digital technologies are going through, will be at least so important as the Industrial Revolution or even more significant as the current process aims to overcome the “power of individual brains” while the XVIII/XIX one overcame the “power of human muscles”.
The introduction of technology in the business. Foxconn case Foxconn Technology Group, an electronic manufacturer from Taiwan, in 2011 decided to introduce more advanced technology into the production at its plants. The company, which generates as much as 40 percent of the global
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consumer electronic revenue by creating devices such as Apple Inc.’s iPhone smartphones and also computers components, announced that it was planning to buy some robots to replace its human workers. You probably think: “Some robots? So how many 5? 10? 100?” No, the answer is one million robots. Foxconn Technology Group decided to buy one million robots over the next three years starting from 2011. So is Foxconn Technology Group preparing to replace human workforce with robots, given the fact that the company has been criticized because of suicides of its workers and issues regarding labor policies, including unsafe facilities and illegal amounts of overtime? Yet, it is still hard to imagine that Foxconn Technology Group would decide to re-
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place the entirety of productions lines with robots. No, no yet. No one is prepared for this revolutionary step.
Pros & Cons of droid workforce TI executive Remi El-Ouazzane once said: “We have a firm belief that the robotics market is on the cusp of exploding.” Lately more droids / robots have been either still developed or already deployed in fields such as healthcare, production, warehousing and even defense, not to mention other sections. Droids / robots, which people are often threatened by, are not so “bad” as the human population think. Robots, increasingly, in the military potentially save hundreds of soldiers’ lives. Robots have already been introduced in industries, just to mention few – manufac-
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The turing, retail or distribution, increase productivity. However there is also a dark side of the advanced technology, which is usually exaggerated once portrayed in science fiction movies showing robots so
intelligent and effective that they replace human workers. Yet the truth is that this process may start in the non-defined future. According to David Autor, an MIT economist, some jobs, however, will be quite safe for the foreseeable future. He believes that low-skilled and low-paying jobs like dog groomers, restaurant waits staff, gardeners, as well as high-skilled and high-paying jobs should be safe. However David Autor noted: “Technology doesn’t eliminate jobs altogether. And it does raise wealth. But it doesn’t always have a positive distribution ... We shouldn’t be worried that we’re going to run out of jobs, but we may not like all the jobs being created. It’s something
we should be paying attention to.”
The Utopian vision of the technology’s impact on human lives Andrew McAfee claims that people should not be afraid of the automation as digital technologies will enable us to focus on more important things such as poverty, famine, etc. Robots, which will be implemented by businesses within the lifetime of today’s young people, will free our minds. In addition, the work of innovations brings openness, inclusiveness and transparency which are so desired by people, according to him. The future will be better. Yet the transition, which is essential while going through today’s digital technologies’ revolution, will be challenging and painful to the society. Though, our minds will be freed to engage in more important and substantial ideas. However it must be highlighted that Andrew McAfee does not envision a workplace without human workers. He noted: “That’s still too science fiction. Don’t get me wrong. Technology grows the economic pie. Technology is not bad for the economy. It makes us more productive. It lets us grow more”. Certainly Andrew McAfee’s vision is utopian and idealistic. But who knows what the future will bring.
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- Carrie Ann
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Most businesses and companies nowadays recognize that the problem of climate change is not going to be solved anytime soon. They have felt the need to contribute on their own in order to resolve the issue, leading to a wave of climate change, environmental and sustainability projects. From the perspective of an organization, going green offers members of staff, contractors and volunteers the chance to be a part of the green movement.
The challenge is to adopt the right approach to involve these individuals one that comprises of teaching, communicating, supporting, enabling and facilitating participation in the green process. Organizations need to engage their people and allocate processes for proper green implementation. The primary motivator for companies to take part in green projects is the image it presents to the masses.
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• Honda – Auto corporation in the US with the most fuel-efficiency Action, they say, speaks louder than words. While most auto companies are vocal about their objection against fuel emissions and economy, Japan-based Honda prefers to tackle the matter head-on. The company is focused on developing two alternative fuel systems through independent operations – FCX, the hydrogen fuel cell and Civic GX, which utilizes natural gas. Honda has also attempted to solve a major problem involving the creation of an infrastructure for hydrogen, which other auto corporations have chosen to pass on to the oil companies. The company has been able to arrive at a solution in the form of individual refueling posts providing electricity and heat for the home along with the necessary hydrogen for a car which runs on fuel cells.
Honda is currently eyeing the long term goal of becoming the cleanest, most organized producer in the world. The company has pledged to decrease its carbon footprint by reducing emissions from both its vehicles and factories by almost 5 percent between the years 2005 and 2010.
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• Continental Airlines – Responsible for fuel-efficient aircrafts Even though aviation pollution happens to be one of the most important issues facing the environment in recent times, Houston-based Continental Airlines is the clear winner when it comes to going green. The company has spent over $16 billion throughout the previous ten years
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in order to substitute its fleet with more efficient airplanes and install fuel-saving winglets on the majority of its Boeing 737s and 757s which help to lessen emissions by almost 5%. The output of nitrogen oxide from the ground equipment has been reduced by more than 75% since the year 2000. Continental has hired 13 environmentalists as a part of its full-time staff. All the trash from the headquarters of the company is organized for recyclables.
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• Suncor – Impact of every project on the environment is gauged Canada-based Suncor is adept at locating oil buried under tar sands. Its efforts in the field of society and environment have garnered the company membership in the FTSE4Good and its American counterpart, the Dow Jones sustainability Index. Suncor was named the top performer out of 23 international oil firms in a survey poll conducted last
year because of its greenhouse gas and environmental management programs. The company has managed to improve the intensity of emissions by 25 percent since the 90s. The same is true in case of nitrogen oxide, energy and sulphur dioxide. Suncor is part of a scheme to develop techniques for carbon-capture. The water management of the company is so advanced that no extra water is drawn from the Athabasca River in Alberta.
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• Tesco – Going Green… with the Customers Tesco is involved in a lot of projects including biodiesel delivery trucks, hightech recycling and wind-powered shops. The company made a pledge to decrease the average use of energy in its buildings in Britain by about half. To make sure that its leaders show willingness to conform to the green plan, Tesco has started to determine the bonuses of senior managers partly according to how well they meet their waste and energy reduction goals. Tesco has also gotten customers to become more involved in
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the process by awarding points to those who carry with them their very own reusable shopping bags.
Tesco has come up with an idea to calculate the carbon costs of every product. The points can be redeemed against merchandise.
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• Alcan – Venturing in clean, efficient production Alcan came into possession of global smelting technology when it acquired rival Pechiney. Due to the proprietary measures of Pechiney, the Montrealbased aluminum producer has had
the opportunity to lessen its output of greenhouse gases by about 25 percent since 1990 while increasing manufacture by 40 percent. Alcan’s main target is to set up a high-capacity process that will be able to increase the efficiency of energy by as much as 20 percent and lower emissions at the same time. The company has already begun construction on a pilot plant situated in Quebec.
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• PG&E – Carrying out strategic ventures in renewables and efficiency San Francisco-based PG&E played a major role last year in enacting obligatory controls on greenhouse gases in the state of California. The CEO of the company, Peter Darbee, has now started a crusade in favour of federal legislation. The utility manages to generate 56 percent of its retail electricity sales from sources which do not emit any sort of greenhouse gases. It is also quite active is assisting consumers to become
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more efficient by subsidizing homeowners who purchase energy-efficient equipment with $75 grants. The company is also involved in experimenting with different alternatives of clean power. Permission to commence generation projects that can convert wave energy off the Coast of the Pacific into electricity is also being sought by PG&E. Apart from focusing on solar thermal technology, the company is in charge of a pilot project in the San Joaquin Valley where cow manure is transformed into electricity. Darbee is excited by the possibility of plug-in hybrids.
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• S.C. Johnson – Committed to the environment for generations H.F. Johnson Jr. led an expedition to Brazil as early as in 1935 looking for a sustainable source of wax in the form of the carnauba palm tree for the first product of his company, Johnson’s Wax. His grandson and the present CEO, Fisk Johnson, has managed to keep his grandfather’s legacy alive at S.C. Johnson, a family-owned corporation, responsible for producing Pledge, Windex, Raid and Ziploc. However, the most notable innovation of the compa-
ny happens to be its Greenlist process which is basically a system of classification that calculates the impact of thousands of raw materials on both the environment and humans. Making use of Greenlist, S.C. Johnson has managed to get rid of almost 1.8 million pounds of volatile organic compounds from their product, Windex, along with four million pounds of polyvinylidene chloride from Saran Wrap. S.C. Johnson has been generous enough to license Greenlist without any royalties to other firms that want to make use of it. The company has also managed to cut back its reliance on power derived from coal.
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• Goldman Sachs – Large scale investments shaped by radical policy of climate change Goldman Sachs first announced their innovative environmental policy back in 2005. Some were quick to dismiss the idea but now the bank ranks among the greenest in the world. This is mostly due to them being involved in a lot of
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green business. It seems that Goldman’s $1.5 billion investment in wind energy, solar energy and cellulosic ethanol have begun to reap benefits. Goldman was responsible for building bridges to environmental organizations. The equity analysts of the company in Europe now take into account the social, administrative and environmental issues when compiling their reports.
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• Swiss Re – Development of economic tools to cope with climate change risks Swiss Re leads the pack on issues related to climate change. The company has come up with products including weather-based derivates in order to evade risks in the form of storms and related weather disasters. Swiss Re also happened to be among the initial supporters of the Chicago Climate Exchange.
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• Hewlett-Packard – Leading eco-sensitivity industry Hewlett-Packard has done everything within its power to moderate the environmental impact of computers and other devices. HP is the owner of large e-waste recycling plants. HP will also take back any kind of equipment, even its own machines, if they are 100% recyclable. The company has declared that it will cut back its consumption of energy by 20 percent. HP also carries out regular audits of some of its top suppliers for eco-friendliness.
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A New Giant to Be Born in the
Defense Industry - Jason Miller
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B ritain’s BAE Systems and its rival EADS, the European Aeronautic Defence and Space Company, confirmed that they were negotiating a $48 billion, or £30.4 billion, merger that could create the world’s second-largest aerospace, defense and security group. aIndustry Leaders Magazine
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The merged equity is expected to generate approximately £60 billion revenues annually. BAE Systems and EADS, which are two biggest European aerospace and defense companies, are willing to join forces to become more competitive as the industry becomes more difficult. Certainly government contracts provide steady revenue, but there is a visible trend showing that large European countries and the United States are pulling back on their military spending, which affects BAE Systems. In addition, passenger airlines, which are main customers of Airbus, have perked up at last after hard times. The BAE – EADS merger, however, would not only create the one of the world’s largest defense company, but also it would give France and Germany an interest in the Britain’s main defense contractor.
two companies. BAE Systems and EADS have already had major links through the MBDA missiles business as well as other projects, including the Eurofighter Typhoon jet. As it has been stated by a source familiar with the issue, the BAE – EADS merger will have a dual listed structure similar to one of Anglo-Dutch firm Unilever, with BAE Systems and EADS still
BAE – EADS Merger Talks Ongoing If the BAE – EADS merger is finalized, the new equity will generate annual revenues of roughly £60 billion and employ approximately 220,000 people worldwide, including 48,000 in the U.K. In addition the BAE – EADS merged company will be the main supplier of Europe’s military efforts, build Britain’s nuclear submarine and own Airbus as well. Combined equity will be the second-largest aerospace company in the world just after Boeing.
listed in London and Paris as well, but operated as one combined group. Yet the British government as well as the French and German governments will be issued with new special shares to replace their interest in BAE Systems and EADS respectively.
The BAE – EADS merger, however, will not be the first cooperation between
According to the BAE – EADS merger’s deal, BAE Systems’ shareholders would
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own 40 percent of the new group with EADS’ investors having 60 percent in the merged company. Yet in the statement of BAE Systems and EADS there was no specific detail on who would head the new company; the board seats would be shared even, 50:50. In addition, the new combined equity both BAE Systems and EADS will continue to have their own boards as well as executive committees.
British Concerns Regarding the BAE – EADS Merger Creating Europe’s biggest defense company requires not only approval of Germany, French and British governments, but other shareholders as well. This is, however, not a big surprise. Defence ministers from UK, Germany and France have been expected to discuss the planned merged equity. BAE Systems and EADS hope to obtain governments backing by the deadline of 10th of October. Yet in this case the proposed merger of BAE Systems and EADS has raised concerns in the U.K. that a main strategic company of the country would be controlled by foreign forces. Not to mention that there have been concerns that BAE System’s contracts supplying the U.S. defense sector could be threatened in case of the merger.
The BAE–EADS merger, however, is facing some regulatory hurdles. The deal will have to obtain regulatory approvals of the British government and Washington, which is the BAE’s biggest customer, as well as the support of the French and German administrations involved in EADS as well.
The U.K. government controls a golden share in BAE Systems, having the right to block any deal. At the beginning of the merger talks the U.K government has been said to favor the planned merger. Yet it should be highlighted that BAE Systems is involved in the U.K defence supply and national security. Therefore, the U.K. parliamentary defence committee has launched a new inquiry on the proposed merger. Moreover, the U.K government is concerned with the BAE System’s relationship with the Pentagon. One of the biggest customers of BAE Systems is indeed the
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U.S. government, & the company has been working on classified defense contracts, including the new F-35 Joint Strike Fighter.
Boeing - A Strong Adversary of the BAE-EADS Merger The Boeing Co. has started to use its political pressure to stop the planned merger between BAE Systems & EADS, noting that the merged equity would pose U.S. security issues; therefore, it must be scrutinized with all possible determination. Dennis Muilenburg, head of Boeing Co.’s defence arm, said: “There are national security questions, industrial questions, & those will have to be dealt with a serious matter that needs to be scrutinized.” It is worth noting that Dennis Muilenburg’s comment differs substantially from previous remarks made by Jim McNerney, Chief Executive Officer at Boeing Co., who said that the planned merger would not “threaten us fundamentally”. The recent comment, however, shows that Boeing Co. could play a crucial role in lobbying against the BAEEADS merger. The proposed merger will put Boeing Co. in a difficult situation, if it is finalized. BAE Systems is one of its most reliable business partners and even it has been honored with an award of “supplier of the year” by the American giant. EADS, on the other hand, is the Boeing Co.’s biggest civilian rival. Therefore, the merger might potentially disrupt supply chain. BAE System supplies over 60,000 cockpit and cabin parts to Boeing Co. per year. The company has been recently chosen to build a special touchscreen controller for Boeing. This project is a part of a $51.7 billion defense contract won by Boeing Co. after years of competition with EADS. It should be also noted that BAE Systems also cooperates intimately with the U.S. big-
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gest weapons producers. It works closely with, for example, Lockheed Martin Corp. on the F-35 Joint Strike Fighter & a possible replacement for the U.S. Army’s so well-known Humvee trucks.
BAE-EADS merger’s outcomes The BAE – EADS merger is expected to overtake rival Boeing in sales & to contend with major defense cutbacks implemented in Europe & the United States as well. Experts hold an opinion that the proposed deal, which is the biggest since EADS was created in 2000, could start the wave of consolidation in the industry. BAE Systems’ officials said: “The potential combination would create a worldclass international aerospace, defense & security group with substantial centers of manufacturing and technology excellence in France, Germany, Spain, the UK and the USA.”
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The proposed merger would effectively and definitely put an end to division of control between French & German, replacing it with a golden shares system. Those golden shares would give its owners, namely governments of France, Germany & Great Britain, a right to block the deal using so-called veto, which would be useful either in case of a hostile takeover attempt or in deals involving sensitive national security assets. Certainly, the BAE - EADS merger would create the biggest integrated defense and commercial company with annual sales of approximately $92.4 billion, exceeding Boeing Co. by over than a third, based on 2011 data. Despite all public statements, Boeing Co. & other companies in the industry are aware of the potential power & possibilities of the proposed merger, which would have more resources at its disposal than either of the two separate companies these days. This predominance would probably result in putting the merger in the running bid for more ambitious & more profitable projects in the near future.
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Business Sto
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Destitation
er
Hong Kong
ory Continues -Jason Miller
“... a fine way to capture a piece of the magic of a unique city. The drama, the charm and the beauty of Hong Kong is all here-just as is its breathless energy.� Nury Vittachi Industry Leaders Magazine
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Better
Destitation It might be exporting art work, production, finance business, chain of restaurants, importing something‌. Whatever your business idea is, there is always a place oversees where you can make it; pursue and develop your idea or just expand your existing business. But usually one will ask question: “Where is the best place to do it? Where should I move my company? Where should I open new headquarters of my company?â€? Even though some of entrepreneurs and businessmen say that they were inspired when they visited a place and they discovered the need, it is not always a good idea to make spontaneous (based on your impressions) decisions regarding the place of new headquarters of your company or your business in general. Yet, seeing an opportunity is important, you should, however, also consider other factors regarding the new place for your business as some countries or cities are said to be the best places to do business while other will just give you a headache.
Rankings of the Best Places to Do Business Existing rankings of the best and easiest places to do business are created, namely, for those who seek the opportunity of expanding their businesses but they are not sure where exactly to do it and which place gives countless opportunities to earn money, jus to say it in the simplest way. Certainly these rankings, including Bloomberg Rankings, Forbes Rankings and even rankings of PricewaterhouseCoopers (PwC) and the non-profit Partnership for New York City, etc., are pointers of some kind while searching for new best business destinations. While preparing these rankings institutions take into consideration many
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factors, including costs of setting up business, hiring and moving goods, the degree of economic integration, inflation and corruption, the readiness of the local consumer base, the size of the middle class, household consumption and gross domestic product per person, intellectual capital and innovation; technology readiness; transportation and infrastructure; demographics, health safety and security, ease of doing business, etc. Someone may say: “Yeah rankings? So what? They ain’t have anything to do with a real life!” However if we look at the top leaders of rankings we will see countries and cities that are in fact successful. And success does not come from anything. John Wooden said once: “Success comes from knowing that you did your best to become the best that you are capable of becoming.”
Hong Kong – The City of Possibilities Hong Kong is one of those places to be said to be the best business destinations. And regardless of a ranking, the city always is among leaders. But this should be no surprise as Hong Kong is both a bastion of free-market policies and low corporate taxes. And according to many rankings, Hong Kong is definitely one of best places to do business as it is also the gateway to China itself. Yet 15 years ago no one was sure whether Hong Kong after returning to Chinese sovereignty would remain its role as an international financial centre. However companies, including General Electric Co., Gap Inc., etc., have decided to do business there, not to mention financial giants such as HSBC Holdings Plc which are listed on Hong Kong’s stock exchange. Certainly, both the city’s reputation for
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Destitation rule of law and corruption-free administration have helped distinguish Hong Kong from the People’s Republic of China. Moreover, Hong Kong as an integral part of China has remained some of its economies freedoms; it can negotiate and sign its own economic and trade agreements and it is a full member of international organizations such as WTO and APEC. Tomo Kinoshita, deputy head of Asia economics research at Nomura Holdings Inc. highlighted the importance of the city by saying: “Hong Kong is a gateway to China, it has competitive tax rates and that makes it one of the natural choices for companies to set up their Asian headquarters. It makes sense for companies that want to be close to China as well as the rest of Asia to use Hong Kong as their base.”
Strengths of Hong Kong Hong Kong, the world’s 9th largest economy, provides an extremely stable as well as efficient business environment alongside with modern infrastructure and telecommunications. Hong Kong’s economy is said to be the most laissez faire economy all over the world as the government strictly avoid any kind of interventionism. Moreover controls and disclosure requirements on businesses are minimal, except for public limited companies. Private companies need to meet minimal capitalization requirements. If a company wants to incorporate as a wholly-owned subsidiary, no financial statements are needed to be filed. Because of the fact that Hong Kong’s economy is unsurpassed, local and foreign companies are brought together into a single business community. The ongoing interactions between local and foreign companies in the city makes Hong Kong’s business environment full of growth opportunities as it creates possibilities of international networks, finding new sources
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of supply or new markets, developing relations with business partners from Honk Kong, China and elsewhere as well. The results of an annual survey, which was released by Invest Hong Kong and the Census and Statistics Department in October 2011, showed that the total number of foreign and Mainland Chinese parent companies running business operation in the city had hit the highest record to date. According to compiled data, by June 2011, the total number of overseas companies with operations in Hong Kong grew 5.9 percent compared to 2010, to 6,948. The most noticeable growth was demonstrated in finance and banking sector, accordingly, regional headquarters in this field jumped by 5 percent, to 135, while local offices grew by 3 percent to 622.
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Complied data also showed that approximately half of the parent companies came from four countries, including the United States with 1,263 firms, Japan with 1,085, and Mainland China with 789, followed by the United Kingdom with 505. Certainly, Hong Kong is the best place to do business as so many companies have their offices there which enable them to develop relations with potential business partners. Simon Galpin, Director-General of Investment Promotion, noted: “Hong Kong is the perfect base from which to access Mainland China. At the same time, Mainland companies are also using Hong Kong as a springboard from which to go global.� Hong Kong, without a doubt, is the best business destination at the same due to its simple tax system and low
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tax rate. Free follow of information, corruption-free administration, and lack of exchange controls as well as political stability make Hong Kong the best place to do business. However, there also few negative sides of the city, including the fact that housing and office stock is limited because Hong Kong is densely populated. The cost of business space and the cost of living are very high. According to data compiled by DTZ, office locations in Hong Kong are one of the most expensive all over the world.
Hong Kong and Singapore rivalry Hong Kong and Singapore have been competing for a long time to get the title of Asian best place to do business. Both Hong Kong and Singapore have been luring overseas businesses to invest and open their headquarters using tax friendly policies, excellent infrastructure
and easy company incorporation procedures, etc. Hong Kong, however, has a longer history as a financial centre and a centre for business in general. But do not be mistaken by that fact. Singapore has been working to undermine the dominant position of the Hong Kong as the best place to do business for a long, long time. The government of Singapore makes everything into its power to attract foreign investors by quickly adopting business friendly policies. Probably the rivalry between Hong Kong and Singapore would not end soon; we should be prepared for the long war to gain the dominance in the Asia. However we should remember Prince Charles’ words that “Hong Kong has created one of the most successful societies on Earth.” By paraphrasing it we shall say without any hesitation: “Hong Kong has created one of the most successful places to do business on Earth.”
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Eclipse
The Most Expensive Private Yacht Ever to Be Built -Jennifer Morgan
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A yacht the symbol of luxury Owning a yacht is considered a symbol of luxury. Some would say that there is no greater symbol of wealth than a gleaming, glamorous and luxurious yacht. Industry Leaders Magazine
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And certainly some yachts are playing role of ultimate toys for its owners who do not just want to use them for recreation, but to show off their wealth and style at the same time. Those luxurious yachts are tailored for their owners’ needs, tastes, exact specifications to offer them privacy and comfort as well. New zones and methods for spending one’s exotic and luxurious vacations have been explored, yet the sea still is considered a leading spot for elite’s time off. Private luxury yachts are believed to be favorite vehicles for vacations and socializing within the high class. And what is more is that the owning a vacation house has become lately passé. If you want to be jazzy you should invest in yacht as this vehicle is not only mobile, but it can entertain your family members and socialites, not to mention that it is simply the symbol of ultimate luxury.
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The short history of yacht and yachting The yacht was initially a lightweight Dutch naval vessel. Originally yachts were used to pursue pirates and to explore new lands and unchartered waters especially in the 17th century as they were fast and nimble. The yacht became a symbol of luxury when King Charles II decided to sail in one of those on his return to England.
Since then yacht has started to be considered a symbol of luxury, wealth & importance as well.
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Today’s yachts are not basic vessels as they used to be in the past. Contemporary yachts are usually equipped with every modern convenience so that its owner is able to check stocks, make conference calls and even organize a merger if necessary. The increase safety, equipment and technology implemented in today’s luxurious yachts are aimed to give its users the comfort and feeling of indulgence. And the tradition of believing that yacht is the symbol of wealth did not quite disappear, in fact is it is still alive and is keeping quite well. Yacht the symbol of luxury is best demonstrated by the most expensive yachts in the world, including No.1 on the list - the Eclipse.
Eclipse the most expensive yacht The Eclipse is believed to be the world’s most expensive yacht. It is owned by the well-know Russian billionaire Ro-
man Abramovich, the owner of Chelsea Football Club. Roman Abramovich, who is the richest man in Russia, decided to add one more expensive “marine” toy to its whole collection of toys consisting of the Luna - a 377-foot ice boat, a Boeing 767, houses located in London, St. Barts, Colorado, Sardinia and France as well. The Eclipse has been owned by Roman Abramovich since December 2010. Eclipse, the world’s most expensive and largest yacht, has dimensions of 162.5m length, perpendiculars of 147m, 21.5m breadth and 5 m draught, which give its owner a huge area of private luxury on the deck. The Eclipse had been built by Blohm + Voss Shipyards. And even though the word’s most expensive yacht was launched in June 2009 it was delivered to its owner over one year after that, in December 2010. It had taken almost 5 years of design, development and testing to build this ultimate symbol of lux-
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ury and wealth.
Project Luxury Yacht 147”.
The symbol of power, luxury and wealth, the Eclipse, had been designed by Hermidas Atabeyki of Atabeyki Design Development, while its exterior and interior styling had been projected by Terence Disdale Design and Greenline Yacht Interiors. The naval architecture of the Eclipse, which happens to be also the biggest private yacht in the world, was provided by Blohm + Voss as the super structure of the Eclipse was looked into by Terence Disdale Design. And as all very, very rich people want, the secrecy was maintained by naming the project “
But probably now you are thinking: “Ok, there are writing that it is the most expensive yacht in the world. But the heck, how much is it worth?!” Initially the Eclipse would cost “only” $420.000.000, but many changes, which were implemented, increased the price tag to approximately $1.200.000.000. Indeed it is a quite amount of money for some kind of boat. Yet the Eclipse you cannot call some kind of boat, it is a yacht that completely fulfils all signs of the symbol of contemporary wealth and luxury.
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said to be armor-plated and fitted with bulletproof glass, which was also used while building the bridge. The Roman Abramovich’s master bedroom is also equipped with devices which allow opening the roof so that the owner of the world’s most expensive yacht can sleep under the stars. Missile detection systems and anti-paparazzi systems were installed also to ensure the safety of the owner and his guests. And someone can think that missile detection systems can be a slight exaggeration of needs; however it is certainly a pretty much expensive toy. Yet no one can be surprised that anti-paparazzi systems were put there as neither Roman Abramovich nor his wealthy and known acquaintances want to be shot by intrusive and at time aggressive paparazzi. However the anti-paparazzi systems will not be permanently activated so Roman Abramovich’s friends will be able to take few photos while being on the deck. As you can imagine, this afloat “castle” can be very costly when it comes to its maintenance. The Eclipse is serviced by a crew of 70 who are needed to operate the yacht full time and it What does it take to be positioned on the costs $60 million per year to keep up her. 1st place on the most expensive yachts? The Eclipse has 11 guest cabins and each one of them is equipped with a six-foot movie screen. Moreover the most expensive yacht in the world has two helipads and two swimming pools as well, not to mention several hot tubs. Rumors have been circulating that the Eclipse is also equipped with a submarine that can dive to a depth of 160 feet. And a surprise, the larger one of swimming pools can be drained and converted to a dance floor, sic!
The History Supreme – a real history or just a big mystification?
Not so long time ago everyone was astonished by the news regarding the new most expensive yacht in the world which was said to be the History Supreme. According to news, the The master cabin, only 5,000 sq. foot, is History Supreme was bought by an
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anonymous Malaysian businessman for the amount of incredible €3.4 billion as it was supposedly made of solid gold. This luxury yacht was said to have been covered in 100,000 kilograms of precious metals – including solid gold. What is more interesting that the master bedroom of History Supreme was supposedly adorned in platinum, decoreated with meteoric stone and the bones of a Tyrannosaurus Rex sic! However, Baia Yachts of Italy first announced that the story about the £3 billion golden super yacht was faked. According to Mario Borselli, sales manager at Baia, the company which spread news on the yacht covered in gold and diamonds had used images of Baia website without permission and photoshopped it without any further approval.
So the title of the world’s most expensive yacht still belongs to the Eclipse, the symbol of contemporary luxury and wealth, owned by Roman Abramovich. Industry Leaders Magazine
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- Richard Meryn
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Konecranes is the overhead crane industry leader, with a complete range of lifting equipment and the largest service team in the world. From process cranes to chain hoists, safety inspections to full crane maintenance, our crane service team and engineers are committed to maximizing the life of your lifting equipment. Industry Leaders Magazine
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With a track record in pioneering and shaping developments in the industry, Konecranes sets the standard for lifting solutions and maintenance services. The customer service and lifting equipment of Konecranes keep production processes up and running around the world. They meet tough end-user demands for increased uptime, reliability, safety, top performance, and the lowest possible lifetime costs. Their equipment is designed to help our customers run their operations efficiently. Whatever the focus of operations—whether it is paper, plastic, metals, automotive manufacturing, power generation, waste management, mining, or shipyards—they deliver exceptional equipment and service to meet all the operational needs. They also lead the industry in the development of preventive maintenance services and offer expertise to their customers through a global network of service professionals who operate from more than 330 service depots. Their extensive maintenance network provides them with a valuable source of knowledge and experience. They use this combination to further develop their expertise. In particular, they focus on areas such as advanced automation, preventive maintenance, remote monitoring, product design, operator ergonomy and safety, and environmentally sound solutions. They focus on three global business areas: Heavy Lifting, Standard Lifting, and Service.
Service and technology innovation Konecranes is committed to providing excellent, proactive service and to never letting their customers down – by always being there when they are needed. To ensure that they are, they believe in the importance of continuously developing their service offering and further enhancing the
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customer experience. their other key differentiators are technology and innovation. They have continuously increased our R&D investments. Safety and quality remain high on their agenda and they are committed to incorporating these into every aspect of their mindset. Their employees, together with their ex-
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pertise and their motivation, are central to Konecranes’ success. This is why they continually invest in training and in developing people’s leadership skills. The more capable their people would be, the better both their service and products will be.
Global footprint Konecranes is committed to becoming
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markets that we serve, we sell both directly to end-users and to small independent crane-builders and industrial distributors. This dual-channel approach enables Konecranes to provide maximum market coverage, while retaining economies of scale through uniform product platforms.
Global, demand-driven supply chain Global presence and our commitment to serving our customers, wherever they are means, means that we need a global supply chain and one that offers similar capabilities worldwide to provide us with the optimum level of scalability. Our supply chain also needs to be flexible so that we can adapt to fluctuations in demand, while offering competitive lead and delivery times, and avoid excessively large inventory levels. To ensure that we can make rapid and well-informed decisions, Konecranes believes in decentralized decision-making and the benefits of taking decisions as close to the customer as possible. Giving our people access to transparent, real-time information will be essential to improving our performance here, which is why we are investing in new-generation information systems to give us new capabilities. an even more dynamic and global force in the lifting business. While they already have a presence in more than 40 countries, there are still many areas where Konecranes could offer more, both in terms of products and service. We believe that we can achieve this through a combination of ongoing organic growth and acquisitions. Rapid expension in emerging markets will be key here. Given the very fragmented nature of the
For Hazardous environments too In developing the product range for hazardous environments, konecranes utilized its vast experience in explosion-proof applications and its extensive resources and innovation in crane and component technology. This has resulted in most competitive and comprehensive range of explosion-proof cranes
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and components. The range includes industrial cranes, jib cranes and manual cranes as well as electric and manual hoists with lifting capacities from 125 kg to 100 tons. All the components are designed and manufactured to ensure the high level of safety required for hazardous atmospheres in chemical and petrochemical plants, oil refineries, gas power plants, wastewater treatment plants, paint shops and other industrial sites. Konecranes products for hazardous environments are designed to be used in customer applications where a hazardous environment is present. A few industries where this kind of environment is typically found include the petrochemical industry, refineries, power plants, the pharmaceutical and wood-working industry, warehousing of flammable liquids and gases, and printing and paintspraying companies. An explosion occurs if a fuel is present in mixtures with air (i.e. sufficient oxygen)
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within the explosion limits, together with an ignition source. konecranes products for hazardous environments do not act as an ignition source in normal operating conditions due to their design; as such, they are a safe solution for hazardous environments.
RTG Testing: Ports are one of the most demanding usage environments for cranes because they are close to water and populated areas that must be protected from environmental hazards and emissions. What’s more, from a logistics chain point of view bustling ports are a highly critical environment where every second counts, and no outage time for work machines is allowed. “Konecranes is known for not starting to market new products before they have been meticulously tested and found to
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work as they should. No one is willing to invest in work machines, features or components that endanger productivity, so testing is of paramount importance before any customer deliveries take place,” says Tuomas Saastamoinen, Sales and Marketing Director for Port Cranes at Konecranes. “In 2008 we decided to build a full-scale test site for container handling equipment on our own premises in Hyvinkää, Finland. The test site was taken into use in spring 2009. The structure and load-carrying capacity of the 115 x 40 meter site have been designed and dimensioned in the same way as a typical port terminal field. The ground can carry a wheel load of 30 tons, and there is enough room for all necessary container handling equipment. In addition to a real-size cable-reel RTG, there are containers and an office building equipped with data transmission connections that enable testing activities carried out by remote control. For safety reasons, the test site has been fenced off and
equipped with a safety system to guarantee that no unauthorized trespassers can enter the premises,” explains Konecranes’ Director of Port Technology Hannu Oja. The test site was first utilized to test a customer delivery of cable-reel RTGs to Russia. The testing was fully carried out, and by now a total of 20 cable reeled RTGs have successfully been delivered and commissioned to Russia and Turkey. All the cranes are in continuous use and provide excellent performance. Building of a full-scale test site is quite rare within the crane industry, but according to Saastamoinen, Konecranes takes testing of its products very seriously and wanted to invest a considerable amount of money in setting up the site to test not only the product concerned, but also the entire port environment.
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Su
Powering a Gre
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uzlon
eener Tomorrow. - Jason Miller
The Suzlon Group is ranked as the world’s fifth largest* wind turbine supplier, interms of cumulative installed capacity, at the end of 2011. The company’s global spread extends across Asia, Australia, Europe, Africa and North and South America approaching 20,000 MW of wind energy capacity installed in 30 countries, operations in 33 countries, a workforce of over 13,000. Industry Leaders Magazine
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The Group offers one of the most comprehensive product portfolios – ranging from sub-megawatt on-shore turbines at 600 Kilowatts (KW), to the world’s largest commercial 6.15 MW offshore turbine – built on a vertically integrated, low-cost, manufacturing base. The Group – headquartered at Suzlon One Earth in Pune, India – comprises Suzlon Energy Limited and its subsidiaries, including REpower Systems SE, a leader in offshore wind technology.
of constant research, development and innovation. To create products that deliver high performance and reliability in varied operating environments, they employ the best in every field of development in the wind energy industry. With world-class design, R&D teams, and state-of-the-art facilities in Belgium, Germany, India and The Netherlands, their R&D team is a combination of the finest of global experience and in-depth expertise.
Suzlon’s approach to technology is one
Suzlon, in joint venture partnership with
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REpower, has established the Renewable Energy Technology Center (RETC) in Hamburg. RETC provides cross-industrial and interdisciplinary expertise in the areas of Research, Technology development, Testing, Validation and Consulting in cooperation with an international network.
RESEARCH MENT
&
DEVELOP-
Technology is the key enabler for a company to be a market leader. Suzlon’s
sophisticated R&D capabilities in the wind energy space have led to the development of a comprehensive product portfolio, ranging from 600 kW to 2.1 MW wind turbines. Though the dynamic increase in wind turbines ratings has slowed since 2006 wind turbine technology as such continues to be a dynamic field of research with the focus more on reliability, ease of operation and loads reduction which will enable weight and cost reductions of wind turbines. There is a strong focus on increasing the energy yield of wind turbines at a given
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rating by improving aerodynamics and applying larger rotors. The 500-strong Technology Group, led from its R&D Headquarters in Hamburg, derives its technological success from a close collaboration between the development teams in Germany, Netherlands, Denmark and India, key technological partners and research centres experienced in Wind energy such as Risø in Denmark, ECN and TU Delft in the Netherlands and Fraunhofer Gesellschaft and the University of Kiel in Germany.
breadth and depth of customer requirements across the wind energy value chain. The key differentiator is having both strong front-end engineering and the benefit of local experience, interface management and construction know
Suzlon is one of the world’s most highly integrated wind turbine makers. Anticipating the constricted component supply environment that exists today, the company moved to establish technology and manufacturing capability for all critical components. Suzlon’s supply chain spans the entire wind technology value chain. Across 4 countries - India, USA, Germany and PortugalSuzlon has 15 manufacturing facilities. These units make a wide range of rotor blades, nacelles, nacelle covers, control panels and hubs, tubular towers and generators, covering all key components of wind turbines.
TURNKEY SOLUTIONS
Suzlon’s turnkey services range from complex front-end engineering design, construction, installation and commissioning to long-term operations and maintenance as well as the length,
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how. Key benefits that they offer to the clients range from development, to construction to operations. Manufacturingdriven supply chain strengths and global expertise help offer customers the best in quality services. Suzlon is well placed
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to assist clients in overall wind power project delivery. The major sections of the delivery process where Suzlon can add value are Micrositing, Grid Connection, HV/ Substation creation, Electrical
Suzlon focuses on providing a complete range of efficient, cost effective wind energy solutions. Using the support and talent of their multi-cultural, multi-ethnic global workforce, we have successfully constructed and managed customized wind farms in varied geographic areas and climatic conditions. Four wind farms of a total capacity of 400 MW, in the Pacific Northwest of the U.S., stretch across 50 miles of rugged terrain above one of the country’s largest river gorges, and robustly power U.S. homes. These wind farms were built in less than six months and feature over 200 units of S88-2.1 MW. Alongside project development expertise, Suzlon goes to the very last mile with its customers in providing operations and maintenance for projects for any site, ranging from a year to the full 20 year life cycle of wind turbine projects.
INTEGRATION (Reticulation), Laying Roads and Foundations and Project Scheduling. Suzlon also offers end-to-end solutions in select geographies whenever required. In India Suzlon’s end-to-end solutions start at wind mapping and land sourcing, and extend right across the entire value chain.
Suzlon’s vertical integration has been its success driver. Foresight of the current economic challenge and adopting a visionary strategy has set us forth to become the most vertically integrated wind turbine maker in the world. Suzlon has embarked on a journey to develop leading edge technology and build manufacturing capability for all key compo-
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expert workforce. Their continuing growth in operations in all key international wind energy markets and presence in all emerging markets is further strengthening their global integration. Currently, they do aerodynamics research in The Netherlands, develop wind turbines and components in Germany. Their manufacturing footprint spans 4 countries: India, USA, Germany and Portugal, and their 15 units make all key components of wind turbines.
nents in the wind power domain. The Wind Industry’s supply chain experiences the critical bottleneck of a long production lead time for key components such as Bearings, Gearboxes, Forging materials etc. However, Suzlon has gained the critical competitive advantage with Better control over time, cost & quality, Long-term service support to customers, Turbine technology integration and faster product rollout. Their ‘global experience, local expertise’ approach to talent capital has ensured a 32-nationality multi-faceted talent pool that goes wide and deep. This gives them the advantage of leveraging local talent and creating a truly global
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With its R&D and engineering offices in Germany, India, Denmark and the Netherlands, business units in all major wind markets of the world, Suzlon has its finger on the pulse of the global industry. Suzlon is in a continuous process of gaining competitive global advantage through initiatives like vertical integration, acquisitions, technology upgrades, and human resource retention through employee stock option plans.
QUALITY & HSE
MANAGEMENT
Establishment of an independent Quality Management Organization within Suzlon helped define a strategic roadmap with which to drive the organization on a focused goal from quality control to quality excellence and ultimately to quality benchmarking that induces a
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state of future readiness within the or- ity Management Organization within Suzlon helped define a strategic roadmap ganization. with which to drive the organization on Quality Management Strategy is a prac- a focused goal from quality control to tical approach that is well adapted to quality excellence and ultimately to qualexcel Suzlon’s strategic business unit ity benchmarking that induces a state of growth, cultural bandwidth, quality lev- future readiness within the organization. els of manufacturing verticals along with backward integration. Quality Manage- Quality excellence is a long journey that ment at Suzlon seeks to continually lev- is never ending. Obstacles on the route erage upon its size by strengthening its that sometime lead to diversion and execution capability to deliver a cus- weakening of the constancy of purpose tomer satisfied, reliable and robust user are being dealt with by establishment friendly product, with focus on rapid of a series of measurements and milereduction of life-cycle cost of the prod- stones that would help measure progress uct, efficient product performance that and initiate corrective action, as neceswould ensure a sustained and profitable sary by applying effective program management with pre-defined governance at growth of the organization. group level. Establishment of an independent Qual-
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IndiGo
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Airlines - Jason Miller
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IndiGo is built for people with things to do, places to be, people to see - who don’t want to waste time, money or energy in the process. By minimizing the cost/time/ tension of air travel, IndiGo opens up a country full of opportunities. With IndiGo, you’ve got a billion reasons to fly! IndiGo incorporates the best hardware, software, interface design & personnel from around the world. The IndiGo team uses all of these resources to design processes and rules that are safe and simple, that make sense, and that cut waste and hassles, which in turn ensures a uniquely smooth, seamless, precise, gimmick-free customer experience at fares that are always affordable. IndiGo focuses on doing one thing, and doing it well. IndiGo is an anomaly in the Indian market – it is the only profitable domestic airline this financial year (ending 31-Mar-2012). The carrier is however, like its peers, feeling the pressure in a tough operating environment. President Aditya Ghosh this month noted the carrier would see a decline in FY2012 profits, with the results substantially impacted by high fuel costs. “Margins were under huge pressure because average price of fuel is now higher than what it was in 2009. There has been a growth in revenue and we will turn out to be profitable at end of the year. It will be much smaller profit than we have done in the previous year,’’ he said in an interview with a Business magazine. The carrier reported an 18% increase in profit to INR6.5 billion (USD130 million) in FY2011 but expects the FY2012 result to be a “fraction” of this figure. “For us profitability means that we are able to get spare parts on time, pay salaries on time, maintain integrity of schedules and plan for growth,” he stated. IndiGo co-founder Rahul Bhatia confirmed the LCC “will end the year making money”. He also dismissed comments made by Kingfisher Airlines chairman Vijay Mallya that the only profitable airlines in the Indian market are the ones conducting sale-
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and-lease back transactions. “Saying that all of our money comes from sale and leasebacks is silly,” Mr Bhatia said, adding: “If sale and leaseback is the only formula to profitability, I don’t think we have the IP rights on this and everybody can do it and I think everybody does it.” Dr Mallya indirectly questioned IndiGo’s profits, stating, “So far, there has been a downhill for civil aviation except for one
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airline that defies the odds and claims to be profitable”. As confirmed by India’s Minister of Civil Aviation, Ajit Singh on 22-Mar-2012, all scheduled Indian airlines except IndiGo are incurring losses, based on returns filed by airlines with the Directorate General of Civil Aviation (DGCA). Mr Singh noted the industry has reported
Industry Leaders Magazine
The only profitable carrier in India IndiGo is an anomaly in the Indian market – it is the only profitable domestic airline this financial year (ending 31-Mar-2012). The carrier is however, like its peers, feeling the pressure in a tough operating environment. President Aditya Ghosh this month noted the carrier would see a decline in FY2012 profits, with the results substantially impacted by high fuel costs.
INR260 billion (USD5.1 billion) of operational losses in the 2007-2010 period, with an INR100 billion (USD2.0 billion) loss anticipated in 2011/12. “The spiraling cost of Aviation Turbine Fuel (ATF), global economic slow down and low yields due to intense competition and the consequent widening gap between revenue and expenses have contributed greatly to losses,” he said.
“Margins were under huge pressure because average price of fuel is now higher than what it was in 2009. There has been a growth in revenue and we will turn out to be profitable at end of the year. It will be much smaller profit than we have done in the previous year,’’ he said in an interview with Business Standard. The carrier reported an 18% increase in profit to INR6.5 billion (USD130 million) in FY2011 but expects the FY2012 result to be a “fraction” of this figure. “For us profitability means that we are able to get spare parts on time, pay salaries on time, maintain integrity of schedules and plan for growth,” he stated. IndiGo co-founder Rahul Bhatia confirmed the LCC “will end the year making money”. He also dismissed comments made by Kingfisher Airlines chairman Vijay Mallya that the only profitable air-
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lines in the Indian market are the ones conducting sale-and-lease back transactions. “Saying that all of our money comes from sale and leasebacks is silly,” Mr Bhatia said, adding: “If sale and leaseback is the only formula to profitability, I don’t think we have the
of operational losses in the 2007-2010 period, with an INR100 billion (USD2.0 billion) loss anticipated in 2011/12. “The spiraling cost of Aviation Turbine Fuel (ATF), global economic slow down and low yields due to intense competition and the consequent widening gap between revenue and expenses have contributed greatly to losses,” he said. IndiGo: fastest-growing carrier in 2012
IP rights on this and everybody can do it and I think everybody does it.” Dr Mallya indirectly questioned IndiGo’s profits, stating, “So far, there has been a downhill for civil aviation except for one airline that defies the odds and claims to be profitable”. As confirmed by India’s Minister of Civil Aviation, Ajit Singh on 22-Mar-2012, all scheduled Indian airlines except IndiGo are incurring losses, based on returns filed by airlines with the Directorate General of Civil Aviation (DGCA). Mr Singh noted the industry has reported INR260 billion (USD5.1 billion)
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Despite only entering the market less than six years ago in Aug-2006, IndiGo has rapidly soared up the ranks to become the second largest domestic carrier, overtaking Air India and Kingfisher Airlines on the way. In doing so, IndiGo has overtaken more well-established carriers that have expanded not only organically but through acquisitions and with a mixed-product that offers both full service and low cost products. And the
Industry Leaders Magazine
growth for IndiGo is expected to continue, with the airline likely to remain the fastest growing airline in India in 2012, as it continues to add capacity on both domestic and international routes, with the latter expected to generate a growing proportion of total revenue. IndiGo held a 21% domestic market share at the end of 2011, behind Jet Airways/JetLite, and up 4 ppts on a yearon-year basis. For the second consecutive year, the carrier reported domestic passenger growth of almost 40% to 11.8 million, with total passenger numbers exceeding the 12 million-passenger mark following the launch of international operations in Sep-2011.
some challenges with respect to people and service standards as a result of rapid growth, but management is paying attention to this to ensure the strong reputation that the airline has built up is maintained. Underlying operating profitability is expected to remain under pressure, due to the weak rupee, yield pressure, high taxes, rising airport fees and high fuel costs. Mr Ghosh acknowledged the tough market conditions, stating: “If the fares are down and fuel prices are up, obviously it will create pressure on margins. But as long as we can keep our heads above the water, which basically means we have money for spare parts, for hiring people, for recruitment, that’s what profitability
means for us”. According to DGCA monthly traffic data, IndiGo handled over 1 million passengers for the first time in May-2011 (with 1.1 million passengers), a feat replicated in Jun-2011, Oct-2011, Nov-2011, Dec-2011, Jan-2012 and Feb-2012, with over 1.1 million passenger in each of these months. The airline has however experienced
Regardless, the carrier is in a position envied by its peers. According to Mr Ghosh, the carrier’s “only big objective is to prove that low-cost is not lowquality”, with the carrier firmly focused on the often forgotten basics: on-time performance, clean aircraft and good onboard service at a time when many of its peers are struggling to remain in business.
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ENERGY
Global Energy Career Expo : Date: 06-NOV-12 to 07-NOV-12 Global Energy Career Expo is an event that will see the people coming together to give professional help to the inspiring youths. It is a divine place for the recruiters to interact with as many visitors as possible and to guide them towards a better future. Global Energy Career Expo is an event which is dedicated to provide a platform for recruitment of the future labor forces. With the rise of industries and the mushrooming of various public and private sectors there is an incessant rise in the demand to hire new workers. Venue: Metro Toronto Convention Centre, Toronto, Ontario, Canada Energy Efficiency : Date: 06-NOV-12 to 09-NOV-12 Energy Efficiency is a one of the leading premium international exhibition of renewable energy, energy-efficient and energy-saving technologies in the Ukraine. This show will focus on the alternative & renewable energy, energy-efficient & energy-saving technologies, equipment & materials in power-engineering, industry, building. Venue: Kiev International Exhibition Centre (IEC), Kiev (Kyiv), Kiev City, Ukraine RENEX ECO-Istanbul : Date: 15-NOV-12 to 18-NOV-12 RENEX will take place the second time in Istanbul / Turkey in 2012. It’s focused industry consists of renewable energies and environment. The keywords are renewable, conventional, energy, power, wind, solar, photovoltaic, hydropower, geothermal, biomass, biogas, biofuel, battery, coal, nuclear, oil, gas, offshore, pipeline, green. Venue: Culture and Convention Center, Ankara, Turkey AQUA-THERM PRAHA : Date: 20-NOV-12 to 24-NOV-12 Aquatherm Praha is an Exhibition on Heating, Ventilating, Air Conditioning, Refrigeration presents an ideal marketing medium to provide infrastructure and building services industry a platform of opportunities to launch new products, contact ready and potential buyers, take on agents and distributors, garner brand awareness, as well as educate the market and launch business networks. Venue: Prague Exhibition Grounds, Prague, Hlavni Mesto Praha, Czech Republic
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MANUFACTURING
Ski & Snowboard Show : Date: 31-OCT-12 to 04-NOV-12 Ski & Snowboard Show is devoted exclusively to the unique needs of everyone involved in the snow and ice industry. It gives you an opportunity to position your business for success. Hundreds of products and services will allow you to evaluate your business practices and prepare a strategy for the winter ahead. Venue: Earls Court Exhibition Centre, London, England, United Kingdom VENDING EXPO UKRAINE : Date: 07-NOV-12 to 09-NOV-12 VENDING EXPO UKRAINE will be held at Kiev Expo Plaza. The expo is designed to showcase manufacturers, suppliers & vendors of Self service equipment &products for helping save the unnecessary wastage of time, providing quicker service & cost effective solutions. Venue: Kiev Expo Plaza Exhibition Center, Kiev (Kyiv), Kiev City, Ukraine Dongguan International Mould & Metalworking Exhibition : Date: 14-NOV12 to 17-NOV-12 China Dongguan International Mould & Metalworking Exhibition in China that is tailored specifically to meet the needs of manufacturers of various Precision Engineering and supporting industries. It is poised to showcase the best in state of the art technology, machinery design, mould and parts manufacturing for the IT, Electrical, Electronics, Shipbuilding, Aerospace and Automotive Industries. Venue: Guangdong Modern International Exhibition Center (GDE), Dongguan, Guangdong, China Dubai International Character & Licensing Fair : Date: 27-NOV-12 to 28NOV-12 Dubai International Character & Licensing Fair (Character Dubai) is a unique fair that will be held for the first time in the Middle East. This fair will attract more than 250 professional companies from around the world in addition to 10,000 trade visitors and dealers who will come together to interact, network and exchange business knowledge & expertise. Venue: Dubai International Convention & Exhibition Centre, Dubai, United Arab Emirates
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CONSTRUCTION
Maintenance Expo : Date: 06-NOV-12 to 09-NOV-12 Maintenance Expo for industry professionals, residential and non residential building managers, concerned by the competitiveness of their assets and paying much attention to reliability and security of their equipments or buildings. MAINTENANCE EXPO is the new showcase in France that puts together in one single place specific or global solutions for their maintenance needs. Venue: Paris Nord Villepinte, Paris, Ile-De-France, France Japan Home & Building Show : Date: 14-NOV-12 to 16-NOV-12 Japan Home & Building Show is one of the largest expo of the latest building & renovating products, services, kitchens, bathrooms and home design, dedicated to the home building industry for trade and consumers. the ultimate all professional Building & Construction material Event in East Asia Building supplies and parts, Support machinery and technology, Housing equipment and machinery will be targeting Real estate agents/Developers, Architects, General/Subcontractor, Housing Constructors. Venue: Tokyo International Exhibition Center (Tokyo Big Sight), Tokyo, Japan Greenbuild International Coference & Expo : Date: 14-NOV-12 to 16-NOV12 Greenbuild International Coference & Expo is a great opportunity to build new relationships and connect with your peers and colleagues from throughout the industry and around the world. Greenbuild will feature a number of special events to showcase the best of what Chicago and the green building movement have to offer. Stay tuned for more information about the Welcome Gala, the annual Leadership Awards celebration, and other special events. Venue: Moscone Center, San Francisco, California, United States Of America Hargould EcoShowcase-London : Date: 27-NOV-12 to 27-NOV-12 Hargould EcoShowcase-London provided construction professionals and product manufacturers with a unique opportunity to meet and discuss the latest product innovations and key industry issues, The ecoShowcase feature will provide a forum for the most important issue in building and construction industry. The event is being organized by Framework Media Ltd. Venue: Emirates Stadium, London, England, United Kingdom
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SUPPLY CHAIN
Logitrans Transport Logistics Exihibition : Date: 15-NOV-12 to 17-NOV-12 Messe Mnchen and Eko Fair Co. join their forces for Logitrans Transport Logistics Exhibition that takes place in Istanbul. The first Logitrans managed jointly by Germany and Turkey will take place from 15 to 17 Nov 2012. Venue: Istanbul Fair Center(CNR Expo), Istanbul, Turkey Gulf Traffic Exhibition & Conference : Date: 19-NOV-12 to 21-NOV-12 Gulf Traffic Exhibition & Conference is one of the premier traffic management and logistics industry-related trade events in United Arab Emirates. A wide range of issues related to road safety, infrastructure & parking options are discussed in detail at the show and participants can attend the series of informative conference sessions that are organized here. The event is attended by over 4252 visiting participants at each of its editions, coming in from as many as 31 different countries. The show holds out significant business benefits for exhibitors, with more than 29 fruitful sales leads being generated at the show on a regular basis. A total of 214 exhibitors attend the event, showcasing infrastructure facilities, rail, road, metro & other transportation options, geographic information systems & related technological accessories. Venue: Abu Dhabi National Exhibition Centre, Abu Dhabi, United Arab Emirates Emballage-World Packaging Exhibition : Date: 19-NOV-12 to 22-NOV-12 Emballage-World Packaging Exhibition, the only exhibition that provides an organized offer to the entire industry - from packing machines to packaging and containers - to meet the needs of all packaging end-user markets & consumers (food industry, beauty/health, industrial products and other consumer goods). Venue: Parc des Expositions France, Paris, Ile-De-France, France Handling Expo : Date: 22-NOV-12 to 25-NOV-12 Handling Expo brings you the future of the Material Handling technology in the Middle East. You will see various ranges of latest technologies & you will have an opportunity to interact with over the worldwide leading producers. Experience the very latest Material Handling, Storage, Communication, Containers And Packaging Equipments & ideas at Handling Expo. Venue: Cairo International Convention hibition centre, Cairo, Al Qahirah, Egypt
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FOOD & BEVERAGES
Kaohsiung Food Show : Date: 01-NOV-12 to 04-NOV-12 Kaohsiung International Food Show is the leading part of this technology forum. It showcases all kinds of food processing and packaging machines, materials, systems and products under one roof. This is the unique opportunity to meet senior buyers & decision makers from all facets of the user industry. Venue: The Modern Multi-Functional Gymnasium, Kaohsiung, Taiwan Food & Drink Expo Arizona : Date: 07-NOV-12 to 07-NOV-12 Food & Drink Expo Arizona to be held at the Phoenix Convention Center offers a unique opportunity to exhibitors to showcase and sell their products & services to multiple industry segments & qualified owners and buyers. This show becomes the biggest attraction for the industry professionals because it helps them find new prospects, qualify sales leads, generate new revenue, communicate to the customers, find new distributors & dealers, & solve problems with existing customers & in totality stay ahead in competition. With interesting event highlights, this show has made a special place for itself in the industry. Venue: Phoenix Convention Center, Phoenix, Arizona, United States Of America Baltic Food & Beverage Fair : Date: 08-NOV-12 to 10-NOV-12 Baltic Food & Beverage Fair is the annual showcase dedicated exclusively to suppliers of food & beverage products for the hospitality industry. It focuses on a cross sector and process oriented approach to bring together all aspect of productions, conveying technology, packaging and distribution, for the food & beverage industry. Venue: Lithuanian Exhibition & Convention Centre, Vilnius, Vilniaus Apskritis, Lithuania Slow Food Market : Date: 09-NOV-12 to 11-NOV-12 The Slow Food Market event is one of the biggest shows for the agricultural industry in Zurich. The event will be held for a period of three days. The event will display a huge variety of food items like the flour, bread, pastries, cookies, cakes & stock flour, chocolate, jam, honey, ice-cream, wines, juices, beverages, non-veg food items, dairy products, crops, fruits & vegetables. The Slow Food Market event will be hosted by more than 160 exhibitors & is expected to draw in more than 7400 visitors. Venue: Messe Zurich, Zurich, Switzerland
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Industry Leaders Magazine