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Frost & Sullivan: Government Incentives and Mandates to Promote Energy Efficiency Trigger Growth in the Global Geothermal Power Market

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High capacity factor considerably revs up the attraction quotient for geothermal energy
MOUNTAIN VIEW, Calif., May 9, 2012 /PRNewswire-Asia/ — As governments worldwide are unleashing initiatives to ramp up energy security and independence over the past three years, the global geothermal power markets have experienced high growth. Other factors spearheading expansion in this market are escalating energy prices, volatile fuel costs, and government incentives on renewable energy. Low levelized cost of energy (LCOE) renders the cost of geothermal energy competitive compared to other sources of electricity generation. In most regions, energy from geothermal sources is less expensive than wind, solar and biomass power.

Analysis from Frost & Sullivan’s ( )) Global Geothermal Power Market research finds that the market earned revenues of more than $1.16 billion in 2010 and estimates this to reach $5.89 billion in 2017.

If you are interested in more information on this research, please send an email to Britni Myers, Corporate Communications, at, with your full name, company name, job title, telephone number, company email address, company Web site, city, state and country.

“By the end of 2010, there were about 10,902 megawatts (MW) of geothermal installed capacity in the world, and the majority of this capacity was installed in the Asia Pacific (APAC) region and represented almost 41.1 percent of the total market in 2010,” said Frost & Sullivan Senior Industry Analyst Georgina Benedetti. “All the regions are expected to grow in the foreseeable future, with some showing stronger growth.”

Europe and the rest of the world (ROW) are likely to be the fastest growing regions with a compound annual growth rate (CAGR) of 9.8 percent and 13.3 percent, respectively. In terms of investment, the global geothermal market saw investments totaling $1.16 billion in 2010. Investment is anticipated to grow at a CAGR of 26.1 percent from 2010 to 2017.

In North America, geothermal energy qualifies for inclusion under certain tax programs such as the U.S. Production Tax Credit (PTC) and the Canadian ecoEnergy for Renewable Power Program, and for regional incentives such as Renewable Portfolio Standards (RPS) and accelerated depreciation.

Europe, Germany and Spain, the world leaders in the wind and solar energy markets, have passed feed-in-tariffs for the geothermal energy sector. Other incentives, such as the Geothermal Finance and Awareness in European Regions (GEOFAR) project, are designed to develop and promote financing for geothermal projects as part of the Intelligent Energy Europe (IEE) program.

Although the prospects for the geothermal industry are bright, there are some issues negatively impacting the market. As it is very difficult to identify geothermal resources in a particular area and precise information is not available for most countries, the drilling risk for geothermal plants is high. A suitable area assumed to have hot water of a certain temperature can be drilled only to discover that there is no significant resource, or the resource is not as expected.

“This high risk has discouraged banks and international agencies from investing in geothermal energy at the drilling phase,” said Benedetti. “However, some governments and banks are starting to offer drilling insurance risk packages to encourage new investment in geothermal projects.”

Apart from this, the high initial cost for geothermal plants compared to other renewable energy sources is another factor restraining market momentum. The average investment cost for a geothermal plant depends on the type of technology installed and the number of wells drilled. In the future, advances in low-grade resources, improvements in drilling techniques, and increases in deployment are expected to significantly reduce the capital and LCOE of geothermal plants.

Global Geothermal Power Market is part of the Energy & Power Systems Growth Partnership Service program, which also includes research in the following markets: North American Residential Solar Power Market, North American Non Residential Solar Power Market, Global Solar Power Markets, and Global Wind Power Markets. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company’s Growth Partnership Service provides the CEO and the CEO’s Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents. To join our Growth Partnership, please visit

Global Geothermal Power Market

Britni Myers
Corporate Communications 每 North America
P: 210.477.8481
F: 210.348.1003

SOURCE﹛Frost & Sullivan

Written by asiafreshnews

May 10, 2012 at 12:34 pm

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Frost & Sullivan Recognizes Thermo Fisher Scientific for its Superiority in the Global Biobanking Products, Services and Solutions Market

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Unlike competitors, the company offers comprehensive biobanking products, services and solutions aimed at improving quality and simplifying the management of biobanks
MOUNTAIN VIEW, Calif., May 9, 2012 /PRNewswire-Asia/ — Based on its recent analysis of the integrated biobanking solutions market, Frost & Sullivan recognizes Thermo Fisher Scientific, the world leader in serving science, with the 2011 Global Frost & Sullivan Award for Company of the Year. Thermo Fisher is the world’s largest provider of biobanking products, services and solutions, enabling its customers to make the world healthier, cleaner and safer. The Company provides best of breed cold storage equipment, centrifuges and rotors, consumables, liquid handling tools such as automated pipettes and market-leading informatics software for the biobanking industry. Its Fisher BioServices business offers end-to-end outsourced service solutions for biorepositories and biobanks.

Currently, there are no other market participants with such a diverse and cutting-edge portfolio for the biobanking industry. With an increasing trend toward automation and more effective solutions for storage and sample handling, Thermo Fisher’s offerings set out to meet the needs of both large- and small-scale organizations, from research organizations and CROs to large biotech and pharmaceutical facilities worldwide. The company is an end-to-end biobanking resource, as it delivers software, sample handling and automation equipment, consumables, reagents and services. Due to its exceptional expertise in the area of informatics, the processes, including sample collection, processing, testing, storage and data management, can be managed seamlessly.

“Whether clients are building, expanding, or sustaining their own in-house biorepositories or needing to outsource the storage of their samples, Thermo Fisher’s extensive product and service offering excels in all areas of the market penetration process by efficiently identifying challenges in the market and developing strategies, products and services to effectively address them,” said Frost & Sullivan Senior Research Analyst, Ms. Divyaa Ravishankar. “The company has always stayed ahead of the competition by continually delivering innovative biobanking products and venturing into the latest creative collaborative projects, such as virtual biobanks.”

The portfolio of biobanking products and services from Thermo Fisher addresses issues pertaining to sample location management, sample retrieval, preservation of sample integrity and accurate accessing of samples. The company’s storage and tracking portfolio comprises Thermo Scientific Nunc and Matrix 2D integral barcoded tubes of varying volumes, Thermo Scientific Capit-All and Handheld decappers, and VisionMate 2D readers. The cold storage offerings include solutions from +4 degrees C refrigerators to -86 degrees C ultra-low temperature freezers and -196 degrees C cryogenic freezers including new Thermo Scientific CryoExtra high-efficiency cryogenic storage with the capacity to store up to 93,000 2mL vials in one tank.

The company’s biobanking laboratory information management system (LIMS) offers superior data capture, integration and automation capabilities, eliminating transcription errors, providing biobanks with access to both raw and derived data, and lowering the total cost of ownership (TCO). To complete the portfolio, Fisher BioServices provides biorepository services, sample collection kits and sample processing services, including aliquoting, DNA/RNA extraction and amplification, and other processing required for genomic studies.

Thermo Fisher continues to build on its global brand image by executing an aggressive growth strategy and is uniquely positioned in this market on multiple counts. For instance, the LIMS market segment for biobanking is growing at a compound annual growth rate (CAGR) of 7.9 percent from 2011 to 2018, with most growth generated from the revenue contribution by Thermo Fisher. Similarly, the growth of biobanking consumables is expected to grow at a CAGR of 12.3 percent from 2011 to 2018, with Thermo Fisher likely to grab further market share through the addition of tubes to the 2D product line and other products that universalize its racks.

In terms of geographic market leadership, the LIMS business of Thermo Fisher has a strong presence in Europe, especially after acquiring customer projects from UK Biobank, Hunt Biobank and University of Lund. In North America, there are several upcoming academic and biotech biobank projects seeking a standardized solution across their consortium. Thermo Fisher is also supporting business models that involve virtual biobanks that want to centralize the information about the status of a particular disease. Thermo Scientific LIMS benefits its customers by creating a centralized and global view of inventory, web access to data, chain of custody, online sample registration and tracking, and much more. Finally, Thermo Fisher is working closely with a number of long-term large pharmaceutical customers to revolutionize biobanking.

Based on all these factors, Frost & Sullivan is proud to present Thermo Fisher with the 2011 Global Frost & Sullivan Award for Company of the Year in the integrated biobanking solutions market. Each year, Frost & Sullivan presents this award to the company that has demonstrated excellence in terms of growth strategy and implementation. The award recognizes a high degree of innovation with products and technologies, and the resulting leadership in terms of customer value and market penetration.

Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.

For more information about Thermo Scientific Biobanking solutions,
call +1-866-463-6522,
e-mail ) or

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company’s Growth Partnership Service provides the CEO and the CEO’s Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents. To join our Growth Partnership, please visit ).


Mireya Espinoza
P: 210. 247.3870
F: 210.348.1003

SOURCE﹛Frost & Sullivan

Written by asiafreshnews

May 10, 2012 at 12:23 pm

Posted in Uncategorized

Xu Lianjie of Hengan International Group wins RISI’s 2012 Asian CEO of the Year Award

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SHANGHAI, May 9, 2012 /PRNewswire-Asia/ — Mr. Xu Lianjie, CEO of Hengan International Group has been selected as the Asian CEO of the Year for 2012 by RISI, the leading information provider for the global forest products industry. The award will be presented to Mr. Xu at RISI’s 13th Asian Pulp & Paper Outlook Conference in Shanghai, China to be held on June 11 – 13, 2012.

(Logo: )

Speakers from the sector’s leading companies and associations, including Ilim Group, Asia Pulp & Paper, and Arab Paper Manufacturing Co. will be represented at the RISI Conference.  Mr. Xu was chosen as the RISI Asian CEO of the Year by a group of investment analysts and portfolio managers covering the forest products industry. The analysts responded to a survey organized by RISI and the criteria for nomination included leadership, vision and strategic accomplishment, with one analyst commenting: “Tissue was the few paper grades which had good financial performance last year in China, and Hengan was playing a leading role in the industry with its branding strategy and innovation spirit.”

Mr. Xu was chosen as the winner due to the company’s solid financial performance in 2011 and overall leadership. “I am honored to receive this award. This is also recognition of Hengans’s leadership position in the region’s pulp and paper industry.”

Mr. Xu is the Deputy Chairman and Chief Executive Officer of the group. He is responsible for strategic planning, human resources and the overall management of the group. Mr. Xu is one of the founding shareholders of the company. He is also a member of remuneration committee. Mr. Xu has the title of senior economist in the People’s Republic of China (“PRC”) and is a member of the National Committee of the Chinese People’s Political Consultative Conference, a deputy chairman of All-China Federation of Industry and Commerce and also Political Consultative Conference in Quanzhou City. He is also the deputy chairman of Fujian Province Industry and Trade Association and the chairman of Quanzhou City Trade Association.

RISI’s Asian CEO of the Year Award was inaugurated in 2008. RISI organizes four regional CEO awards each year in Europe, Asia, Latin America and North America, which are handed out to the winners at the regional RISI conferences. In addition, the Global CEO of the Year award is presented at the PPI Awards event, which will be held in Brussels on November 12 this year.

About the RISI Asian Conference

The 13th RISI Asian Pulp & Paper Outlook Conference will be held at the Four Seasons Hotel in Shanghai, China on June 11 – 13, 2012. The conference will address some of the key issues in today’s Asian pulp and paper market. HP, ColorLok, BTG and Kadant have signed on as official sponsors for the event. Conference programs and registration details are available online at:

About RISI (

Owned by UBM plc, which is listed on the London Stock Exchange, RISI is the leading information provider for the global forest products industry. The company works with clients in the pulp and paper, wood products, timber, biomass, tissue, nonwovens, printing and publishing industries to help them make better decisions.

Headquartered in Boston, MA, RISI operates additional offices throughout North and South America, Europe and Asia.

About UBM plc (

UBM plc is a leading global company. We inform markets and bring the world’s buyers and sellers together at events, online, in print and provide them with the information they need to do business successfully. We focus on serving professional commercial communities, from doctors to game developers, from journalists to jewellery traders, from farmers to pharmacists around the world. Our 6,000 staff in more than 30 countries are organised into specialist teams that serve these communities, helping them to do business and their markets to work effectively and efficiently.

About Hengan International Group

Established in 1985, Hengan International Group is a leading sanitary napkins manufacturer, maternity and baby sanitary products manufacturer and tissue maker in China. With total fixed assets of more than 12 billion RMB and 30,000 employees, Hengan has more than 40 branch companies and over 300 branch offices in China.

On December 8th, 1998, Hengan was listed on the Union Stock Exchange of Hong Kong Limited.

The group’s revenue and profit in 2011 reached HK$ 17 billion and HK$ 2.6 billion, up 26.9% and 8.6% respectively compared to 2010.The Group’s tissue paper business accounted for approximately 47% of the total revenue, while sanitary napkins, disposable diapers as well as food and snacks products contributed 24%, 16% and 9% to the total revenue.

The company’s tissue capacity is expected to reach 900,000 tonnes/yr in 2012 and the capacity is estimated to reach 1.2 million tones/yr by 2015.

For Press Enquiries, please contact:

Michele Costa-Bell
Marketing Specialist
4 Alfred Circle
Bedford, MA 01730 USA
Tel: +1.781.734.8984

Source: RISI

Written by asiafreshnews

May 10, 2012 at 12:12 pm

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CMC Markets Wins Best FX Education Award

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SINGAPORE, May 8, 2012 /PRNewswire-Asia/ — An independent survey of more than 12,000 CFD &FX traders in Singapore has named CMC Markets as the number one for FX Education.  It is the second year in a row that CMC Markets has won a “Best Education” Award.  The year before Investment Trends, a specialist research organisation in the financial services sector,identified CMC as having the “Best CFD Education” programme in Singapore.  This year’s CFD & FX Report found that CMC is a leading provider of CFD and FX traders in Singapore, remaining the second largest CFD supplier in the region.

The award tops off a year of achieving industry accolades, with the most recent accolade being the Shares Magazine award for “Financial Provider of the year”. The Shares Magazine Awards provide traders and investors with a voice in which recognises the innovative and high quality service and products from companies in the world of retail investment. CMC Markets was also recently voted Best CFD Broker by Trade2Win, the world’s largest trading community with over 247,000 traders registered. In Australia, CMC Markets picked up the Cheapest Online Broker Award from prestigious personal finance publication Money Magazine for the second year in a row.

About CMC Markets Singapore
CMC Markets is a leading global provider of CFD and Foreign Exchange (FX). Since Peter Cruddas founded CMC Markets in 1989, the company now services more than 75,000 clients worldwide, who placed a total of 26 million trades last year. CMC Markets Singapore offers a range of Contract For Difference products, including Share, Forex, Commodities and Indices CFDs. CMC Markets is best known for its free comprehensive CFD & Forex education programme and won in 2011 the award for “Best Education” from Investment Trends (based on ratings given by 12,400 investors and traders in Singapore).

Source: CMC Markets

Written by asiafreshnews

May 10, 2012 at 11:47 am

Posted in Uncategorized

Companies in Asia Reviewing Risk Management over Cyber Crime and Data Laws Concerns: Marsh

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SINGAPORE, May 8, 2012 /PRNewswire-Asia/ —  Concerns about rising cyber crime, new data protection regulation and the rapid adoption of new technologies are causing companies across Asia to re-examine their risk management strategies, according to a new report published today by Marsh.

According to Marsh’s Cyber Risk in Asia: Is Your Data Safe? report, recent high profile incidents in Asia, particularly in the online gaming and financial services industries, have increased awareness of cyber risk in company boardrooms. This, in turn, is driving demand for better risk mitigation strategies and insurance solutions. The report identifies companies in the financial services, healthcare, education and communications sectors as most at risk, given the large amount of personal data they collect and store.

“With almost every organisation now highly dependent on connected online systems, the increased sophistication of damaging cyber attacks by malicious individuals or groups poses new and complex risk management challenges,” said Stella Tse, Asia Leader of Marsh’s Financial and Professional Risks Practice. “In addition, governments in Asia are reacting to this new reality by introducing laws and regulations that hold companies legally and financially liable for data breaches.

“Whether a data breach occurs from a sophisticated cyber attack or a low-tech mistake of simply misplacing a USB stick, the legal and financial liability is the same. Company directors need to examine, identify and manage their risk exposures adequately,” added Ms Tse.

To help companies manage this risk, insurers are introducing cyber-specific insurance policies that offer protection for the high costs associated with responding to a cyber or data breach.  These costs can potentially include legal expenses, data administrative fines and penalties, settlements, judgments, regulatory investigations, forensic investigation expenses, loss of business income, cyber-extortion and other related business expenses.  Some policies also cover public relations professional costs to repair reputation.

About Marsh

Marsh, a global leader in insurance broking and risk management, teams with its clients to define, design, and deliver innovative industry-specific solutions that help them protect their future and thrive. It has approximately 25,000 colleagues who collaborate to provide advice and transactional capabilities to clients in over 100 countries. Marsh is a wholly owned subsidiary of Marsh & McLennan Companies(NYSE: MMC), a global team of professional services companies offering clients advice and solutions in the areas of risk, strategy and human capital. With 52,000 employees worldwide and annual revenue exceeding $10 billion, Marsh & McLennan Companies is also the parent company of Guy Carpenter, a global leader in providing risk and reinsurance intermediary services; Mercer, a global leader in human resource consulting and related services; and Oliver Wyman, a global leader in management consulting. Follow Marsh on Twitter @Marsh_Inc.

Source: Marsh

Related stocks: NYSE:MMC

Written by asiafreshnews

May 10, 2012 at 10:19 am

Posted in Uncategorized