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Archive for April 10th, 2012

AGI-Shorewood Consolidates Ownership of Shorewood de Mexico

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Anticipating growth in Latin America, leading packaging solutions provider acquires outstanding minority interest in Mexican subsidiary

STAMFORD, Conn., April 9, 2012 /PRNewswire-Asia/ —
AGI-Shorewood( ), a leading global specialty packaging manufacturer, today announced it has purchased the equity interests of the minority stakeholder in its Mexican subsidiary, Shorewood de Mexico. As a result of the equity purchase, Shorewood de Mexico is now a wholly owned subsidiary of AGI-Shorewood( ) international’s operations.


Shorewood de Mexico had been a joint venture with Corporativo Cartograf S.A. de C.V., established in 2008 to support Shorewood’s key multinational customers who were seeking high-end packaging solutions in Latin America. Based in the city and state of Aguascalientes, Shorewood de Mexico’s state-of-the-art, ISO-9002-certified facility is equipped with offset lithographic and rotogravure presses, as well as finishing equipment. Today the business manufactures packaging for customers in the beauty and personal care, confectionary, health care and tobacco market segments.

According to AGI-Shorewood president and CEO Mike Ukropina, the move underscores AGI-Shorewood’s commitment to the region. “One of our core strategies is to expand our business where our customers are growing, meeting their needs for value-added packaging in different parts of the world,” he says. “Securing sole ownership of Shorewood de Mexico not only demonstrates we’re serious about growing our business in Mexico and Latin America, it gives us the room we need to expand Shorewood de Mexico’s capabilities and capacity over the next 15 months.”

Prior to this transaction, Corporativo Cartograf owned the building occupied by Shorewood de Mexico. As a result of the transaction, Shorewood de Mexico will acquire the facility and Corporativo Cartograf will move its remaining operations out of the Aguascalientes facility over the next 15 months. Shorewood de Mexico expects to hire almost 400 Corporativo Cartograf employees and will gain additional manufacturing space to expand its operations.

AGI-Shorewood( ), which is comprised of AGI-Shorewood US and AGI-Shorewood International, is a specialized global packaging platform that makes innovative products for the world’s premier consumer products companies. Key consumer-packaging segments it serves include entertainment and media, tobacco, beauty and personal care, cosmetics and fragrance, health care and pharmaceuticals, consumer electronics, golf, confectionary and specialty foods, beverages, and specialty gravure. AGI-Shorewood US and AGI-Shorewood International collectively employ nearly 4,000 people worldwide, operating 22 manufacturing facilities in North America, Europe, Asia and Latin America and eight creative services offices.

Visit for more details about AGI-Shorewood and its products and services.


Mike Ukropina

Ken Stoltz
Stoltz Marketing Group


Written by asiafreshnews

April 10, 2012 at 5:28 pm

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Nokia and Nicki Minaj Illuminate Times Square

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Nokia Lumia 900 handsets dominate the iconic New York skyline

NEW YORK, April 9, 2012 /PRNewswire-Asia/ — Nokia ( )teamed up with international superstar Nicki Minaj to bring a building in Times Square alive and create one of the biggest LED displays ever seen to celebrate the launch of the Windows Phone-based Nokia Lumia 900.( )

(Photo: )

Tens of thousands of people watched as Nicki performed a medley of her hits before some of the world’s leading visual artists turned the prominent building into a living, breathing entity using cutting-edge CGI technology with 60ft waves appearing to cascade down the building.

Nine of Times Square’s famous electronic screens showed the fantastic reaction of the crowd.

The unique visual event, to launch the Nokia Lumia 900( ) in North America, was choreographed to an exclusive Nokia Lumia remix of Nicki’s hit ‘Starships’, performed live by DJ and producer Doorly.

The entire show was filmed as part of the singer’s new music video for the ‘Starships’ remix.

Nicki said: “When Nokia came to me with the idea to make a building come alive and to perform in Times Square in front of my fans to celebrate the launch of the Nokia Lumia 900 there was only ever one answer.

“To see the idea on paper was amazing but to see it for real blew me away. It brought Times Square to a standstill. The absolute bonus for me is that my fans, who have been so loyal to me, are now part of the video for the Starships Nokia remix.

“Performing in my home town of NYC the same week as the release of my new album, Pink Friday: Roman Reloaded is amazing and it really is a dream come true.”

To see more of the event go to

The Nokia Lumia 900 will be available exclusively in North America from AT&T from April 8 for $99.99. With 4G LTE speeds and outstanding design, the Nokia Lumia 900 lets customers access their email, music and social media quickly.

Nokia is a global leader in mobile communications. Every day, more than 1.3 billion people use their Nokia to capture and share experiences, access information, find their way or simply to speak to one another.

For more information, visit


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April 10, 2012 at 5:08 pm

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Kraton Performance Polymers Showcases PVC Alternative Solutions at Chinaplas(R) 2012 Exhibit and Technical Seminars Shanghai, PR China, April 18-21, 2012

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HOUSTON and SHANGHAI, April 9, 2012 /PRNewswire-Asia/ — Kraton Polymers LLC (together with its direct and indirect subsidiaries, “Kraton”), a leading global producer of styrenic block copolymers or “SBCs,”( ) announces plans to showcase its latest advancements in recyclable and environmentally-friendly PVC and phthalate-free products at Chinaplas 2012( ).

“Chinaplas 2012 is the perfect venue for Kraton Polymers to showcase our latest technological advancements in environmentally-friendly SBCs that provide alternatives to non-recyclable materials that contain PVC and phthalates,” said Prakash Kolluri, Vice President, Sales and Marketing, Asia Pacific. “Kraton products improve performance characteristics and aesthetics in end use applications, and also facilitate recyclability,” he concluded.

Kraton’s exhibit of environmentally-friendly products includes applications in medical( ), wire and cable( ), faux leather( ), and automotive interior slush molded soft skins( )and Cariflex(TM) Polyisoprene Products.( ) Please click on the links above and visit booth Chinaplas Technical Seminar( ) schedule for further details including dates and times. Kraton encourages interested parties to attend the seminars and visit the Kraton product showcase at booth or e-mail

About Kraton

Kraton Performance Polymers, Inc.(NYSE: KRA), through its operating subsidiary Kraton Polymers LLC and its subsidiaries, is a leading global producer of engineered polymers and, we believe, the world’s largest producer of styrenic block copolymers (“SBCs”), a family of products whose chemistry was pioneered by us almost fifty years ago. SBCs are highly-engineered thermoplastic elastomers, which enhance the performance of numerous products by delivering a variety of attributes, including greater flexibility, resilience, strength, durability and processability. Our polymers are used in a wide range of applications, including adhesives, coatings, consumer and personal care products, sealants and lubricants, and medical, packaging, automotive, paving, roofing and footwear products. We currently offer approximately 800 products to more than 700 customers in over 60 countries worldwide, and are the only SBC producer with manufacturing and service capabilities on four continents. We manufacture products at five plants globally, including our flagship plant in Belpre, Ohio, as well as plants in Germany, France and Brazil, and a joint venture plant operated in Japan.

Kraton, the Kraton logo and design, Cariflex, Nexar and the “Giving Innovators their Edge” tagline are all trademarks of Kraton Polymers LLC.

Forward Looking Statements

This press release includes “forward-looking statements,” which are statements other than statements of historical fact and are often characterized by the use of words such as “believes,” “expects,” “estimates,” “projects,” “may,” “will,” “intends,” “plans” or “anticipates,” or by discussions of strategy, plans or intentions. All forward-looking statements in this press release are made based on management’s current expectations and estimates, which involve risks, uncertainties and other factors that could cause results to differ materially from those expressed in forward-looking statements. These risks and uncertainties are more fully described in “Part I. Item 1A. Risk Factors” contained in our Annual Report on 10-K, as filed with the Securities and Exchange Commission and as subsequently updated in our Quarterly Reports on Form 10-Q. We hereby make reference to all such filings for all purposes. Readers are cautioned not to place undue reliance on forward-looking astatements. We assume no obligation to update such information.

(C) Kraton Performance Polymers, Inc. 2012. All rights reserved.

For Further Information:
Kraton Performance Polymers, Inc.
Media: Marcie Coronado +1-281-504-4975
Investors: H. Gene Shiels +1-281-504-4886


SOURCE﹛Kraton Performance Polymers, Inc.

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April 10, 2012 at 4:58 pm

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Mara Foundation Launches “Uganda 2012 – More Than Kony 2012” Video as Counter to Invisible Children’s Kony Videos

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LONDON, April 3, 2012 /PRNewswire-Asia/ — To show a very different Uganda to that depicted in the viral “Kony 2012” video, Mara Foundation of Uganda has launched “Uganda 2012 – More than Kony 2012” a three-minute video that comprehensively summarises Uganda, displaying its natural endowment and the vast opportunities that exist in tourism, business and lifestyle. This is to counter the negative impression of the country created by Invisible Children’s viral video, which the foundation believes may have damaged Uganda’s reputation for years to come.

The foundation credits the “Kony 2012” video with surpassing all expectations in raising awareness of the activities of warmonger Joseph Kony, but says it simultaneously created an impression in the minds of many that Uganda today is unsafe and unstable, whereas the reality is very different.

While the Foundation hopes that the video does not downplay the goal of capturing Kony, it hopes to present a more balanced representation of Uganda that many Ugandans feel they rightly deserve.

The fact that Lonely Planet named Uganda as the top destination to visit in 2012 is a testimony to the country’s rising popularity as a world-class tourist destination. Mara Foundation says that their aim is that the hundred million people who watched “Kony 2012” view “Uganda 2012 – more than Kony 2012” as well, and see a very different story of the country. Founder of Mara Group and Mara Foundation, Ashish J. Thakkar, who was recently selected as a Young Global Leader by World Economic Forum, says, “As a passionate advocate of Africa, and most especially Uganda, I want the world to view Uganda as it is – beautiful, serene, and entrepreneurial. We have had enough of people trying to create a negative impression of us as a continent and fundraising on the back of it.” Ashish is also flying into space as a Founder Astronaut for Virgin Galactic representing East Africa as a way to promote the region.

Launching the Presidential Initiative on Sustainable Tourism in London earlier this year, Uganda’s President Museveni emphasised the importance of attracting visitors to Uganda as the preliminary to other growth opportunities for the nation. “While tourism is about travel, Uganda’s 5-year National Development Plan (NDP) recognizes the tourism sector as one of the primary growth drivers of the economy that create market for local products. Tourism is in essence the opening of a window of opportunities into Uganda,” he said.


Mara Foundation is the Mara Group’s non-profit social enterprise for emerging African entrepreneurs, focused on Sub-Saharan Africa.

Mara Group, set up by Ashish J. Thakkar is a pan-African conglomerate with offices in 18 African Countries with 5,000 employees, which was recently named as a Global Growth Company by the World Economic Forum.

Meera Ashish, Strategy & Communications Director, Mara Foundation
Nigel Ball, Director, Mara Foundation


SOURCE﹛Mara Group

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April 10, 2012 at 3:31 pm

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Viki and SBS Content Hub Sign Multi-Year Agreement to Deliver Popular Korean Shows Exclusively to European Audiences

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Viki Fast Becoming Global Hub for Distributing Vertical Content into New Markets

CANNES, France, April 3, 2012 /PRNewswire-Asia/ — MipTV – Viki, the global TV site powered by fans, today announced a partnership with SBS Contents Hub, the distribution arm of the South Korea’s leading broadcaster, Seoul Broadcasting System (SBS), to simulcast popular SBS shows throughout Europe.

Viki will bring the latest SBS line up, translated into multiple languages, to European countries. The joint offering will give access to dramas, K-pop music videos, variety shows, documentaries and other exclusive content developed by SBS.

“Europe is one of the fastest growing markets for Korean content,” said Razmig Hovaghimian, Viki CEO and co-founder. “We’re thrilled to deepen our partnership with SBS and connect fans with great shows, including the highly anticipated dramas Ghost and Rooftop Prince.”

The SBS venture marks the first time Viki has partnered with a major broadcaster to deliver exclusive localized content to Europe. Viki has distribution relationships with Hulu and Netflix in North America, Yahoo! in Southeast Asia and Samsung globally, across devices, including Smart TV.

“Partnering with Viki allows us to rapidly enter new markets previously limited by geographical boundaries,” said Hwi Jin Kim, Head of Content Business of SBS Contents Hub. “Now, we can broadcast our shows to fans we haven’t been able to reach before, and in partnership with Viki, we’re looking to take the Korean wave in Europe to the masses.”

Viki and SBS made the announcement at MipTV, a conference that brings leading TV, media and technology companies together. More details about the partnership will be announced later this year.

About Viki, Inc.

Viki is an international video site with TV shows, movies and other premium content, watched by millions and translated into more than 150 languages by a community of avid fans. With over 1 billion videos viewed and nearly 200 million words translated, Viki uniquely brings global prime-time entertainment to new audiences and unlocks new markets and revenue opportunities for content owners. Viki also syndicates its shows with fan-generated subtitles to partners such as Hulu, Netflix and Yahoo!

About SBS

SBS Contents Hub, which is the distribution arm of SBS, the Korea’s Leading Terrestrial Broadcaster, intends to grow into a leading international comprehensive content distribution company which operates as a content distribution hub responsible for planning, circulation and distribution concerning content from SBS Media Group, as well as creates value from content in the entertainment industry, including movie, animation, game, music, and characters.

SOURCE﹛Viki, Inc.

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April 10, 2012 at 3:14 pm

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Spectrum Wine’s Spring 2012 Auction Sets New Records in Hong Kong

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HONG KONG, April 3, 2012 /PRNewswire-Asia/ — The Spring 2012 Auction, held by Spectrum Wine Auctions LLC of Irvine, Calif., continued to put the strength of the Hong Kong market on display by realizing an impressive sale total of US$4,495,664 (HK$34,841,396) and 1539 lots sold on March 23 and 24, 2012 at the Grand Hyatt Hotel, Hong Kong.

While on-site the room was packed with frenzied bidders looking to take home the world’s finest Bordeaux, Burgundies and other rarities. Perhaps even more interesting was the huge phone and online contingent of bidders from around the globe, chasing these finest of wines. In addition to offering such legends as Chateau Latour, Domaine de la Romanee-Conti Assortment Cases and Screaming Eagle, auction attendees were presented with complimentary tastes of wines, including 1982 Chateau Lafite Rothschild, 1996 Domaine de la Romanee-Conti Echezeau and 1989 Bruno Giacosa Barbaresco Riserva Santo Stefano.

The Spring 2012 Auction continues to reinforce that Hong Kong remains in its leadership position as the best place for live wine auctions, shattering five existing records in just two days. Astonishing new records include 12 bottles of 1996 Domaine de la Romanee-Conti Richebourg at US$19,120 (HK$148,464), six magnums (1.5L) of 2001 Chateau d’Yquem at US$10,755 (HK$83,513), 12 bottles of 2005 Rousseau Chambertin at US$23,900 (HK$185,583), 12 bottles of 2005 J.F. Mugnier Musigny at an astonishing US$41,825 (HK$324,771) and 1997 Antinori Solaia setting a new world record per bottle at US$458 (HK$3,556).

“While we are thrilled with the records set at our Spring 2012 Auction in Hong Kong, we are especially proud of the quality of the Spectrum Wine Auction experience for both our consignors and our bidders,” said Spectrum Wine Auctions president Jason Boland.

The Spring 2012 Auction Highlights:

— Lot 1812: 12 bottles of J.F. Mugnier Musigny 2005 at US$41,825;
HK$324,771 (estimate US$25,000; HK$200,000)
— Lot 1211: 12 bottles of Rousseau Chambertin 2005 at US$23,900;
HK$185,583 (estimate US$14,000; HK$110,000)
— Lot 1783: 12 bottles of Domaine de la Romanee-Conti Richebourg
1996 in original wooden case at US$19,120; HK$148,464
(estimate US$12,000: HK$93,000)
— Lot 479: six magnums (1.5L) of Chateau d’Yquem 2001 Ex-Chateau,
direct release from Chateau d’Yquem at US$10,755.00; HK$124,420
(estimate US$6,500; HK$50,000)
— Lot 1210: four bottles of Rousseau Chambertin 2005 at US$9,560.00;
HK$74,233 (estimate US$4,500; HK$34,000)
— Lot 160: three bottles of Gentaz Dervieux Cote-Rotie Cote Brune
Cuvee Reservee 1989 at US$4,780; HK$37,117
(estimate US$1,000; HK$7,750)
— Lot 1834: three bottles of J.F. Mugnier Chambolle Musigny Les
Amoureuses 2005 at US$4,481; HK$34,794 (estimate US$2,750; HK$21,000)
— Lot 404: two magnums (1.5L) of Antinori Solaia 1997 in original
wooden case, direct from the cellars of Solaia at $2,151; HK$16,702
(estimate US$1,200; HK$9,300)
— Lot 369: one magnum (1.5L) of Dal Forno Amarone 1990 at more than
twice the estimate US$1,434; HK$11,135 (estimate US$500; HK$3,900)

Total hammer: US$3,762,062 (HK$29,155,981)
Total aggregate: US$4,495,664 (HK$34,841,396)
Percent sold by lot: 86% sold (1539 out of 1800 lots)

Contact details:

— Americas: Amanda Keston +1-949-748-4845
— Asia: Powell Yang +1-949-748-4845

Spectrum Wine Auctions Upcoming Live Auction Calendar:

— The Summer 2012 Auction, June 22 and 23, 2012, Hong Kong

For more information please contact
Amanda Keston on: or call +1-949-748-4845

SOURCE﹛Spectrum Wine Auctions LLC

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April 10, 2012 at 3:01 pm

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Executives Focus on Strengthening the Skills of their Senior Leaders to Drive Growth, Says Korn/Ferry Institute Survey

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Gaps in Leadership Skills and in Development Investments Remain in Wake of Recession

LOS ANGELES, April 5, 2012 /PRNewswire-Asia/ — According to the latest executive survey by The Korn/Ferry Institute, 75 percent of corporate executives question whether their senior executive teams possess the appropriate mix of skills to generate growth for their companies in 2012 and seek out new global opportunities.

“As the global economy moves to more stable ground, it’s increasingly important for organizations to consider how their leadership and talent strategies support their business strategies,” says Ana Dutra, CEO of Korn/Ferry Leadership and Talent Consulting. “Do organizations have the right leaders in the right roles? Are they looking to the future and rigorously identifying and developing their next-generation leadership pipeline? These are strategic C-suite issues. Our survey shows there is significant work to be done in leadership-skills development.”

In the survey, 52 percent of executive respondents say their companies need to acquire at least a modicum of new talent or invest in more talent development efforts for their executives. About 23 percent go further, saying that their companies need an overhaul in senior talent. The survey was conducted from January 27-March 5.

When asked if a lack of internal talent led their companies to postpone or abandon altogether any potential actions in the past two years, 73 percent responded yes, encompassing mergers and acquisitions (6 percent), geographic market expansion (11 percent), and product launches (6 percent), as well as multiple initiatives (32 percent).

When it comes to succession planning, nearly half (45 percent) report their companies are committed to building a robust internal talent pipeline and identifying high-potential talent deep into their organizations. But 37 percent believe there’s neither rhyme nor reason to executive appointments and promotions.

Forty-five percent of the executives say their companies regularly identify areas of development as part of their performance review processes, and have deployed structured developmental programs for all employee levels. Another 40 percent say their companies identify developmental areas for employees, but report the follow-up is “weak and inconsistent.”

The Korn/Ferry Institute regularly conducts surveys to glean insights on the current workplace and leadership environment. Results are based on global surveys of executives registered with the firm’s online Executive Center, The most recent survey was conducted from Jan. 27 – March 5, 2012 and encompassed respondents from 40 countries, representing a wide spectrum of industries and functional areas.

About The Korn/Ferry Institute
The Korn/Ferry Institute serves as a premier global voice on a range of talent-management and leadership issues. The Institute commissions, originates and publishes groundbreaking research using Korn/Ferry’s unparalleled expertise in executive recruitment and talent development combined with its preeminent behavioral research library. The Institute is dedicated to improving the state of global human capital for businesses of all sizes around the world.

About Korn/Ferry International
Korn/Ferry (NYSE: KFY), with a presence throughout the Americas, Asia Pacific, Europe, the Middle East and Africa, is a premier global provider of talent management solutions. Based in Los Angeles, the firm delivers an array of solutions that help clients to attract, engage, develop, and retain their talent. Visit for more information on the Korn/Ferry International family of companies, and for thought leadership, intellectual property and research.

SOURCE﹛Korn/Ferry International

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April 10, 2012 at 1:49 pm

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Oil Insurance Limited (OIL) Announces New Offshore Pollution Liability Association (OPOL) Endorsement at AGM

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HAMILTON, Bermuda, April 5, 2012 /PRNewswire-Asia/ — At OIL’s 2012 Annual General Meeting (AGM) held on March 28th, 2012 at the Fairmont Southampton Hotel in Bermuda, OIL announced a new OIL/OPOL endorsement that allows members to use the OIL policy to certify Evidence of Financial Responsibility with OPOL.

At the Board of Director’s meeting prior to the AGM, the Directors of OIL approved a new OPOL endorsement allowing members to satisfy OPOL’s new Evidence of Financial Responsibility requirements that come into play in 2012. Since the commencement of OPOL in 1974, OIL has provided its members with an OIL/OPOL endorsement allowing its members to be compliant with OPOL’s strict liability requirements.

OPOL’s website states that “Currently, all offshore operators active in exploration and production on the UK Continental Shelf are party to a voluntary oil pollution compensation scheme known as OPOL. OPOL Limits of Liability have been increased over the intervening years to the current US$ 250 million per incident. The energy companies that are party to the agreement have to establish financial responsibility to meet claims arising under OPOL by producing evidence of insurance, self-insurance or other satisfactory means.”

George Hutchings commented, “The new OIL/OPOL endorsement specifically dedicates $250 million of limit per operator for OPOL incidents and will preserve that limit until liability is determined as defined by OPOL. Furthermore, it also allows for OPOL certification even if an OIL member has a deductible that is greater than the OPOL maximum of $10 million. And like the prior endorsements dating back to 1974, the new endorsement will not require a member to incur any additional cost when electing it.”

“As a mutual organization, we remain committed to supporting the needs of our members and finding a solution that addresses OPOL’s new and evolving requirements. We are certainly pleased with the outcome. The UK brokerage community has already indicated to us that this endorsement will be an attractive feature to both existing and prospective members.”

SOURCE﹛OIL Insurance Limited (OIL)

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April 10, 2012 at 10:35 am

Posted in Uncategorized