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Archive for December 28th, 2012

Matson Signs Agreement to Acquire Assets of Reef Shipping in the South Pacific

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HONOLULU/PRNewswire/ — Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, announced today that it has signed a definitive agreement to acquire the primary assets formerly owned by Reef Shipping, a South Pacific shipping company based in Auckland, New Zealand that has been in business since 1968. The assets to be acquired include four vessels and approximately 1,500 pieces of container equipment. The financial terms of the agreement were not disclosed and the closing of the transaction is expected to occur on or about year-end.
(Logo: http://photos.prnewswire.com/prnh/20120605/SF19690LOGO)
“With this acquisition, Matson continues to expand its geographic reach into the South Pacific, and build on its well-earned expertise as a Pacific island carrier,” said Matt Cox, president and CEO. “While the purchase itself is relatively small, it complements our growing network of Pacific island services. Historically, Matson vessels, including both freighters and luxury passenger ships, served the South Pacific for five decades, beginning in the 1920s. We are proud to return today to provide the same level of superior customer service and on-time delivery that is the hallmark of our other trade lanes.”
After this acquisition, Matson will continue to provide service to Reef’s historical core trade lanes from Auckland, New Zealand and Fiji to the island nations of Nauru, the Solomon Islands, Tahiti, Samoa, Cook Islands, Niue, Tonga, Wallis and Futuna, Vanuatu, Tarawa and Majuro – all of which will be new markets for Matson.
In addition to the Hawaiian Islands, which Matson has been serving continuously since 1882, the company’s Pacific island services today include Guam, the Commonwealth of the Northern Marianas Islands, the Republic of Palau, the Federated States of Micronesia and the Republic of the Marshall Islands.
About Matson
Founded in 1882, Matson is a leading U.S. carrier in the Pacific. Matson provides a vital lifeline to the island economies of Hawaii, Guam and Micronesia and premium, expedited service from China to Southern California. The Company’s fleet of 17 vessels includes containerships, combination container and roll-on/roll-off ships and custom-designed barges. Matson Logistics, established in 1987, extends the geographic reach of Matson’s transportation network throughout the continental U.S. Its integrated, asset-light logistics services include rail intermodal, highway brokerage and warehousing. Additional information about Matson, Inc. is available at http://www.matson.com.
Forward-Looking Statements
Statements in this news release that are not historical facts are “forward-looking statements,” within the meaning of the Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statement, including but not limited to risks and uncertainties relating to the satisfaction of conditions to closing, the ability to successfully integrate the transaction, regional, national and international economic conditions; new or increased competition; fuel prices; our relationship with vendors, customers and partners and changes in related agreements; conditions in the financial markets; changes in our credit profile and our future financial performance; the impact of future and pending legislation, including environmental legislation; government regulations and investigations; and the occurrence of marine accidents, poor weather or natural disasters. These forward-looking statements are not guarantees of future performance. This release should be read in conjunction with our former parent company’s (Alexander & Baldwin, Inc.) Annual Report on Form 10-K and our former parent company’s and our other filings with the SEC through the date of this release, which identify important factors that could affect the forward-looking statements in this release. We do not undertake any obligation to update our forward-looking statements.
Investor Relations inquiries: Media inquiries:
Joel M. Wine Jeff S. Hull
Matson, Inc. Matson, Inc.
510.628.4565 510.628.4534
jwine@matson.com jhull@matson.com
Source: Matson, Inc.

Written by asiafreshnews

December 28, 2012 at 11:03 am

Posted in Uncategorized

Vice Chairman and CEO of Jin Jiang International Hotel, Mr. Yang Weimin, was awarded the “Public’s Choice Award for Best CEO”

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SHANGHAI, Dec. 24, 2012 /PRNewswire/ — Mr. Yang Weimin, Vice Chairman and CEO of Jin Jiang Hotel, was awarded the “Public’s Choice Award for Best CEO” at the “2012 China’s Best Business Leader Awards” ceremony held by China Business News on 7th December, 2012.

Mr. Yang Weimin (pictured left), Vice Chairman and CEO of Jin Jiang Hotel, was awarded the “Public’s Choice Award for Best CEO”
The award ceremony first started in 2005, and this year on their eighth ceremony, China Business News invited the China Europe International Business School (CEIBS) to help build a voting committee platform. The voting process started in June this year, and the winner of the award was selected based on publicly elected votes. The award highlights Mr. Yang Weinmin’s recognition as this years’ most recognized CEO in China.

Speaking at the ceremony, Mr. Yang Weimin expressed in his speech:

“This award is not only given to me personally, it is given to the entire Jin Jiang management team and the much recognized Jin Jiang brand. Along with the rapid development of China’s tourism industry over the years, Jin Jiang Hotels Group firmly pushes towards the internationalization of the brand and its efforts to build Jin Jiang as a national brand of China.”

About Jin Jiang International Holdings Company Ltd:

The company is part of Jin Jiang International Holdings Company Ltd and together with their sister company Jin Jiang Inn and Interstate Hotels and Resorts, overall, the group privately owns and operates a collection of over 900 hotels ranging from premium upscale five star to economy hotels in more than 200 cities across China. In 2011, the Jin Jiang Group was ranked as the 9th largest chain globally amongst 325 top hotel companies worldwide in HOTELS Magazine’s annual ranking of the largest hotel chains in the world.

The company is also involved in strategic partnerships with some of the world’s best-known hospitality companies like Marriott, Hilton, Intercontinental, Fairmont, Sofitel, and corporations like Mitsui, JTB, Yellow Roadway, HRG, Les Roches International School of Hotel Management. Jin Jiang owns a number of well-known hotels managed by international hotel brands such as the Fairmont Peace Hotel, Waldorf Astoria Shanghai On The Bund, Renaissance Yangtze Hotel and Double Tree by Hilton Shanghai. It is also actively involved in strategic tourism partnerships and investments like Thayer Jin Jiang Interactive Co Ltd, Interstate China, Jin Jiang Fairmont and Les Roches Jin Jiang International Hotel Management College.

About Jin Jiang International Hotel Management Company Ltd:

Jin Jiang International Hotel Management Company Ltd, the largest star rated hotel management company in China, has a portfolio of over 111 distinctive star rated hotels with a room inventory of over 34, 000 hotel rooms spread across 73 cities in China. Under the Jin Jiang branding concept, the company has a new premium “J” hotel brand, five star properties which include the renowned heritage collection, their four star Jin Jiang properties and the Marvel Hotels, which are geared more towards business travelers.

The company is part of Jin Jiang International Holdings Company Ltd and together with their sister company Jin Jiang Inn and Interstate Hotels and Resorts, overall, the group privately owns and operates a collection of over 900 hotels ranging from premium upscale five star to economy hotels in more than 200 cities across China. In 2011, the Jin Jiang Group was ranked as the 9th largest chain globally amongst 325 top hotel companies worldwide in HOTELS Magazine’s annual ranking of the largest hotel chains in the world.

SOURCE Jin Jiang International Hotel Management Company Ltd

Written by asiafreshnews

December 28, 2012 at 10:39 am

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The 3rd NextGen China 2013 is Upcoming

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Seizing the business opportunity of generic drugs in the cycle of innovation & competition
SHANGHAI /PRNewswire/ — After the great success of NextGen China 2012, CPhI Conferences is going to host the 3rd NextGen China 2013 on 28th-29th March in Shanghai. NextGen China 2013 will gather 120 plus key decision-makers from government agencies, generic and bio-pharma manufacturers for deeper discussions about the concerns and bottlenecks during the process of generics drug R&D, application, registration and production. Interactive topics will be diversified from 3 perspectives: regulatory updates, process quality innovation and “Going-out & Introducing-in” R&D cooperation. This is an indispensable industry insight and a networking platform tailor-made for domestic and overseas generic-pharma professionals, who contribute a lot to the generic drug value-chain growth and know-how upgrading.

NextGen China 2012 On-site Photo

March 2012 witnessed the first session of NextGen China 2012 in Shanghai. The conference has successively invited speakers from the FDA, USP, SIFDC and most leading pharmaceutical companies in both China and overseas, and 180 plus decision makers of generics development. Many attendees also had great comments on the event. Mr. Zhao Xiaowei, Project Manager of FERGUSON said, “The 2-day conference gave me a deeper understanding of China’s generics technology dynamics and networking with many industrial professionals and peers.” Mr. Zhang Suoqing, R&D Manager of North China Pharmaceutical said, “The conference gave me insight to generics impurity spectrum technical qualifications, the assessment of generics consistency, and USP Pharmacopoeia knowledge.”
The emerging generics market is booming with the diversified opportunities and challenges:
Currently, the global generics market has a value of $80 billion and is growing at a rate of 8 percent, while the generic drug industry of China is growing at a tremendous rate of 25 percent
The next three to five years will see the peak period of patent expiry for international drugs, providing a good opportunity for most generics enterprises
China is a large market for generic drugs, constituting 95 percent of the Chinese drug market but their quality is far from satisfactory
China expects to become the world’s second largest drug market in 2015
Above all, NextGen contributes to the extension of generic drugs, market expansion and technological updates for the generics manufacturers and innovative pharma manufacturers.
2013, Do you want to seize the opportunity of generic drugs in the cycle of innovation & competition?
Interpretation of the latest laws and policies concerning generic drugs – How can generic drugs make headway in their application of conforming to generic consistency?
The application process for generic drugs and the qualification requirements in assessing generic drugs – How to ensure that the production quality is up to standard and new achievements are made in innovation?
Ways of combining imitation with innovation for generic drugs – How can generic drugs match new technologies to maintain consistency?
New ideas of cooperation and R&D for generic drugs — What to do next for the manufacture of generic drugs?
For more information, please log on http://www.nextgen-china.com/en/feedbacka.asp?Id=97 or email to askconference@ubm.com
Media Contact
Ms. Tracy Cui
Tel: +86-21-6157 3919
Fax: +86-21-6157 7299
Email: tracy.cui@ubm.com
Source: CPhI Conferences 

Written by asiafreshnews

December 28, 2012 at 10:05 am

Posted in Uncategorized