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Airbus Selects Unabiz to Advance Research in Digitalization of Aircraft Maintenance Operations

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SINGAPORE /PRNewswire/ — Airbus has selected UnaBiz to advance research in digitalization of aircraft maintenance operations through the adoption of Internet of Things (IoT) solutions. The contract sees both parties enter into a research and technology agreement in the field of Maintenance Repair and Overall (MRO).

In a data-driven environment, communication between the various components must be available on demand and accurate at all times. Beyond the wired network, most components of the infrastructure are mobile and require some form of wireless communication, especially in transmitting small packets of data over a long distance. This is where UnaBiz comes into the picture.

The recent boom in IoT has brought new wireless network solutions to the market. Most existing wireless solutions are based on private networks that require the setup of a dedicated numbers of beacons to serve a single company, limiting the coverage and significantly increasing the cost of ownership and operation.

By working with UnaBiz, Airbus can leverage on Sigfox’s low-power, wide-area network (LPWAN), a technology that is low cost in terms of capital investment and operation, ultra-low in power consumption, simple to deploy, and has a global coverage.

Both Airbus and UnaBiz commented that significant resources will be dedicated to this project to ensure that the solutions defined can be successfully deployed to facilities and operations globally.

Ivan Ho, Managing Director of Airbus Singapore said, “We are most excited to work with UnaBiz to explore the immense potential of IoT. UnaBiz’s unique approach to device-to-cloud communications offers a disruptive IoT solution with potential for global applications.”

Henri Bong, CEO and Founder, UnaBiz said, “MRO has always been a tough aviation function to automate due to the complexity and confidentiality of sensitive data. UnaBiz is committed to using its existing deep development expertise to build intelligence in tools, components and other devices used in specific MRO processes. It is our mission to power cost-effective and energy-efficient connectivity for businesses as it is the only way the IoT revolution can materialise. We want to help Airbus increase operational reliability and efficiency without increasing overall costs through the implementation of IoT solutions on an affordable network.”

About UnaBiz

UnaBiz is an end-to-end Internet of Things (IoT) solutions company dedicated to accelerate the adoption of IoT worldwide. As the exclusive network operator of Sigfox’s low-power wide-area network (LPWAN) in Singapore and Taiwan, UnaBiz is the first Iot dedicated network operator in Asia to roll out a nationwide IoT network.

UnaBiz aims to shape the future by providing cost-effective and energy-efficient IoT solutions, that include wireless infrastructure, devices and more. This ubiquitous network will allow businesses to connect millions of devices simply, affordably and globally.

UnaBiz helps businesses collect and analyse data from millions of devices allowing them to maximise the efficiency of their resources and increase productivity, by facilitating detection and control of anomalies, accelerating resolution or even preventing them entirely. Our objective is to help businesses realise the true value and full potential of IoT.

For more information, see www.unabiz.com and follow on UnaBiz on LinkedIn.

About Airbus

Airbus is a global leader in aeronautics, space and related services. In 2016, it generated revenues of EUR67 billion and employed a workforce of around 134,000.

Airbus offers the most comprehensive range of passenger airliners from 100 to more than 600 seats. Airbus is also a European leader providing tanker, combat, transport and mission aircraft, as well as Europe’s number one space enterprise and the world’s second largest space business.

In helicopters, Airbus provides the most efficient civil and military rotorcraft solutions worldwide.

Media Contact

Fu Shuhui
Field Marketing Manager | www.unabiz.com
114 Lavender Street
#10-85, CT Hub 2 (Lobby 1)
Singapore 338729
M: +65 9336 6452
E: shuhui.fu@unabiz.com

Source: UnaBiz

Written by asiafreshnews

March 31, 2017 at 5:08 pm

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“2017 Global S”2017 Global Starch Industry Conference” to be held under theme of “Innovative Development, Industrial Integration”tarch Industry Conference” to be held under theme of “Innovative Development, Industrial Integration”

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— Let’s focus on the latest applications of starch and bio-based materials in 2017

SHANGHAI /PRNewswire/ — The “2016 Global Starch Industry Conference” attracting wide attention was wound up at the Shanghai New International Expo Centre, Pudong. As the most professional and extensive starch industry conference in China, the conference, themed “Focusing on the Trends of the Global Starch Industry, Grasping the Latest Market Layout of the Industry”, analyzed the current situation and future trends of domestic and foreign starch industries, and discussed the latest trends of industrial policies and regulations, as well as the latest product applications and technical trends in segments such as modified starch, sugar alcohol and potato starch. Present were 180 decision makers of starch enterprises and customers, leaders of domestic and foreign authoritative associations, as well as domestic and overseas media. The conference received positive feedback.

 

As an annual event, the “Global Starch Industry Conference” is coming back and scheduled to be held at the Shanghai New International Expo Centre on June 20, 2017. The conference will build a one-stop platform for policy interpretation, business exchange and purchase.

The “2017 Global Starch Industry Conference” will focus on the latest applications of starch and bio-based materials. Bio-based materials are a global focus of new materials, as well as an important field of China’s strategic emerging materials industry and biomass industry. Developing environmentally-friendly and recyclable bio-based materials with rich biological resources is of great significance to replacing fossil resources, developing the cyclic economy, and building a resource-conserving and environmentally-friendly society. Bio-base is a key emerging environmental industry supported by the country in the “thirteenth five-year” period.

In this context, the “2017 Global Starch Industry Conference”, themed “Innovative Development, Industrial Integration-Focusing on the Latest Applications of Starch and Bio-based Materials”, will bring together renowned industrial experts and scholars, including leaders of the State Administration of Grain; Tong Yi, President of the China Starch Industry Association; European and American bio-base authorities; and Sara Girardello, Head of Starch Research at LMC International Ltd. to discuss industrial trends and focuses, product development and application, and the latest technical trends.

We will deliver an annual feast to professionals in the starch industry and related industries! Through the conference, you will not only be updated on the latest information of the starch industry, but also be enlightened and inspired by the speeches of industrial leaders.

Conference website: http://www.cisie.cn/en-us/conference

CONTACT:

Shanghai UBM Sinoexpo International Exhibition Co., Ltd.

Louise Zhang
International Marketing Executive
T: +86-21-33392318
E: Louise.zhang@ubmsinoexpo.com

Logo – http://photos.prnasia.com/prnh/20170327/8521701944LOGO-a
Logo – http://photos.prnasia.com/prnh/20170327/8521701944LOGO-b

Source: Shanghai UBM Sinoexpo International Exhibition Co., Ltd.

Written by asiafreshnews

March 31, 2017 at 3:40 pm

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Success Dragon Positions Itself to Seize Development Opportunities in China’s Energy Storage Market

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-Introduces Leading U.S. Energy Storage Technology to Push the Company’s Renewable Energy Business Forward

HONG KONG /PRNewswire/ — Success Dragon International Holdings Limited (“Success Dragon”, HKEx stock code: 1182) is pleased to announce a number of major business developments this month, including an approximately HKD 155 million investment in Silicon Valley-based Primus Power Corporation, which develops world leading energy storage technology, and the appointments of Mr. Jiang Dan as Executive Director and Chief Executive Officer and Dr. Jia Limin as Independent Non-executive Director.

Mr. Jiang Dan has extensive experience in investment and M&A from his previous roles in the Chinese Government and at various commercial organizations. Dr. Jia Limin was previously the lead consultant for the “National Key Research Project – Advanced Rail Transit Special Project”, a key project under China’s 13th Five-Year Plan. Their appointments have not only strengthened the Company’s management team, but have broadened its network throughout China. With the necessary talent and technology resources, Success Dragon is well positioned to enter the energy storage market in China.

China’s emerging energy storage industry is still very much in its infancy, but has been increasingly prioritized by the Chinese government and the support provided from the state has been strengthening constantly. As a sign of its commitment, in 2016, China placed the promotion and application of energy storage at the heart of its 13th Five-Year Plan for electric power, renewable energy and energy development, which also clearly advocated the application and marketing of large capacity energy storage technology and distributed energy storage technology. In addition, various other major government initiatives, including “The Innovation in the Energy Technology Revolution (2016-2030) Action Plan”, “Guidelines for the National Strategy of Innovation-Driven Development” and the “Made in China 2025 — Action Plan for Energy Equipment”, have also put energy storage high on the agenda.

In March, the National Energy Board published its “Guidance on the Promotion of Energy Storage Technology and Industry Development (Consultation Paper)” to promote the construction of energy storage power plants and facilitate the integration of different power sources and energy storage facilities. According to the Consultation Paper, China is testing various energy storage technologies applied in different contexts as part of a number of pilot projects. The pilot projects will create a set of key energy storage technologies and core equipment that meet international standards, and will explore viable commercial models as well as nurturing a group of competitive market players enabling energy storage to enter mainstream market in China. In addition, it also plans to promote the widespread use of energy storage projects and facilitate the development of a more comprehensive energy storage industry system during the 14th Five-Year Plan period, in a bid to make energy storage a new driver for economic growth. By bringing key energy storage technologies and core equipment in line with international standards, the National Energy Board aims to assist the scalable development of the energy storage industry and demonstrate the role of energy storage to play in promoting an energy revolution and the Internet of Energy in China.

Ms. Li Xuehua, Chairman of Success Dragon, said, “With the introduction of several notable energy storage initiatives in China, Success Dragon is fully confident that now is the right time to enter the Chinese energy storage market. With our investment in U.S.-based Primus Power, we hope to support the introduction of Primus Power’s newly launched EnergyPod®2 flow batteries and energy storage systems into the Chinese market and increase their market penetration. EnergyPod®2 is a scalable electrical energy storage system which consists of a modular battery system combining unique zinc bromide chemistry with patented innovations to deliver optimum performance and multi-decade lifespan at a low cost. We are confident that Primus Power’s flow batteries and energy storage systems will become one of the most competitive products in China’s energy storage market.”

Ms. Li Xuehua, continued, “We are pleased that Success Dragon’s new management team is now in place, including our new Chief Executive Officer, Mr. Jiang Dan, who previously worked for the Chinese government and has an abundance of experience both in overseas investment banking firms and financial institutions, as well as our new Independent Non-executive Director, Dr. Jia Limin, who has strong technical expertise and an engineering background. We believe their appointments will provide Success Dragon with a valuable network and strategic advice for our future business development. With Mr. Jiang and Dr. Jia on board, the Company will be able to seize the opportunities that will arise from China’s renewable energy and energy storage market, giving Success Dragon pioneer advantage to emerge as a key player within the industry.”

About Success Dragon International Holdings Limited

Success Dragon International Holdings Limited (“Success Dragon”, HKEx stock code: 1182) is a provider of information technology and outsourced business process management services for an array of companies across different sectors. Success Dragon currently operates in Macau and Vietnam, and is actively exploring opportunities to expand into the renewable energy business in China. Success Dragon also operates its traditional long-standing Kingbox packaging business, serving a number of top brands in Hong Kong, Europe, USA and Asian countries.

Source: Success Dragon International Holdings Limited

Related stocks: HongKong:1182

Written by asiafreshnews

March 31, 2017 at 11:00 am

Posted in Uncategorized

Weichai Power Announces 2016 Annual Results

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Continuous Improvement in Global Layout and Structural Adjustments Gradually in Place

Excellent Performance for Core Business and Innovation-driven Self-development

HONG KONG /PRNewswire/ — Weichai Power Co., Ltd. (“Weichai Power” or “the Company”, HKSE: 2338, SZSE: 000338) announced its annual results for the year ended 31 December 2016 prepared in accordance with the Generally Accepted Accounting Principles of the PRC.

Financial Highlights

RMB’ million

(except for basic earnings per share)

For the 12 months

ended 31 December

Change

2016

2015

%

Turnover

93,183.52

74,167.74

25.64

Net Profit (Attributable to Shareholders of the Parent)

2,441.19

1,412.27

72.86

Basic Earnings per Share (in RMB)

0.61

0.35

74.29

Business Review

During the reporting period, the Company strived to promote structural adjustments and transformations and upgrades under the “new normal” of the economy and supply-side structural reforms, with a clear strategic positioning, a cash-rich foundation and a pragmatic professional team. The Company has been progressing its adjustment gradually, and has become the first company in the industry to experience a V-shaped recovery and entered a new period of growth. The Company grasped the opportunity of industry recovery, achieved ideal operating performance. The main business grew steadily and further consolidated the leading status in the industry.

During the reporting period, the Company reported sales of 198,000 units of heavy-duty truck engines, representing a year-on-year increase of 67.8%, thereby maintaining its leading position in the industry and accounting for a market share of 27%. 32,000 units of engines for wheel loaders of a load capacity of 5 tonnes were sold, representing a year-on-year increase of 19.4% and accounting for a market share of 76.2%; while 21,500 units of medium- and large-sized passenger vehicle engines were sold, representing a year-on-year increase of 5.8% and accounting for a market share of 11.3%.

As for the HDT business, Shaanxi Heavy-duty Motor Company Limited (“SXHDM”), a subsidiary of the Company, reported aggregate sales of 82,000 units of heavy-duty trucks for the year, representing a year-on-year increase of 46.9%. This sales volume ranked fourth in the domestic heavy-duty truck industry, which further increases the Company’s competitiveness in this area.

As for the gearbox operation, Shaanxi Fast Gear Co., Ltd. (“Fast Gear”), a subsidiary of the Company, maintained its leading position in the gearbox industry with aggregate sales of 501,000 units of gearboxes, up 23.2% year-on-year.

During the reporting period, KION Group sold 178,000 units of forklift trucks, representing a year-on-year increase of 7.5%, and ranked second in the world and first in Europe. KION achieved solid growth with a net profit of €246 million, representing a year-on-year increase of 11.3%. In order to enhance the core competitiveness of the Company further, to take its international operation to the next level, and to strengthen the group-level allocation of highly quality overseas resources, the Company increased shareholding in KION by subscribing for new offer shares of KION and increasing its shareholding in the secondary market, boosting its shareholding its 43.26%, maintaining its position as the single largest shareholder of KION.

With a backing of stable development, the Group acquired the entire interests in Dematic, a leading global supplier of automation technology and supply chain optimization, at a consideration of EUR2.1 billion, and hence became a global leader in the intralogistics solution sector. Materials handling equipment and services solutions of KION and intralogistics integrated solutions will generate synergies and benefit building the automation logistic and intelligent warehouse golden industry chains.

Flagship Products to Grasp Explosive Growth Opportunities

During the reporting period, leveraging its strong research and development capability and market judgment, the Company prepared itself in advance, adjusted its product structure and grasped market opportunities. The Company promoted high-capacity engines and high-speed standard-loading heavy duty trucks and electric/warehouse forklifts, significantly lifted proportion and sales volume of trendy products.

The sales volume of 12/13L engines recorded a year-on-year growth of 112.9%, lifting the sales volume proportion to 27.6% and leading a high-capacity trend in the industry. The sales volume of 12-16-speed gearboxes recorded a year-on-year growth of 41.0%, lifting the sales volume proportion to 48.1% and leading a multiple gear development in industry. The sales volume of tractors/trucks recorded a year-on-year growth of 66.9%, lifting the sales volume proportion to 69.7% and transforming the Company into a logistics expert from engineering expert. The sales volume of electric/warehouse forklifts recorded a year-on-year growth of 10.2%, lifting the sales volume proportion to 83.0% and highlighted edges in smart warehousing further.

Moved to High-end, Strengthened Foundation and Established New Benchmarks

During the reporting period, the Company upgraded its traditional businesses and explored emerging strategic products and markets to extend vertically to the whole industry chain and establish new industry benchmarks.

As for HDT, 36,000 units of M3000 were sold, representing a year-on-year growth of 50%; the M3000 6×4 model was launched in response to policy adjustments. The sales volume of X3000 vehicles increased by 3.8 times to 23,000 units, and the Company developed a golden version of X3000 to be paired with WP13 engine for high-efficiency transport logistics.

As for gearboxes, the “Energy-saving HDT Gearbox smart manufacturing pilot showcase” had been enlisted as a smart manufacturing pilot showcase product for 2016 by the Ministry of Industry and Information Technology. Products such as wheel-side reducer, 12-speed aluminum gearbox, gear box for passenger cars and light-duty trucks have become new growth drivers.

As for engines, 10,000 units of National V diesel engines WP4.1 were sold, boosting the proportion of light-duty engines to 21%. The Company had struck breakthroughs for a brand-new series of engines for agricultural equipment and satisfied the Stage III off-road standard; it reported sales of 161,000 engines, up 3 times year-on-year. 730 units of Baudouin engines were sold, representing a year-on-year increase of 61%. Theses engines received emission accreditation from EPA of the US. The Company established a standard for longest-serving heavy-duty engines made in China to realize bulk manufacturing support by launching the WP10H/9H engines.

Stepped up R&D, Innovation-driven Self-development

During the reporting period, the Company persistently increased its investments in R&D and constructed a key national laboratory for internal combustion engine reliability. The Company continued to strike key technology breakthroughs; its products are moving to the high end, accelerating its response to market changes.

As for technology, the Company completed the development and economic optimization of 2-17L full-range National V and City National V Engines. It also integrated the SCR design modules to realize standardization of axle distances for SCR of different emission standards and different models.

As for gas injection system, the application of domestically-made fuel system on WP4.1/6/10 off-road Stage III engines, gas injection pumps and common rails received market accreditation, striking major breakthroughs in high-pressure common rail gas injection critical technologies and integrated system applications

As for gearboxes, Series S gearboxes are fully compliant with international standards as a key strategic product tapping the international market. The gearboxes has been successfully applied in high-end vehicle models by mainstream manufacturers China, and has been sold to the US, the Netherlands, Austria, Belarus and other countries and regions.

As for ECU sales and marketing, the Company developed fully inhouse WISE ECU, which can be applied in WISE ECU on National IV, National V and off-road stage III models; 80,000 units were sold. Self-developed ECU completed matching of various Euro VI models; military ECU won a tender for the PLA’s third-generation heavy-duty strategic military carts. There was bulk application of Linde Hydraulics on ECU hydraulic platforms; bulk application of SXHDM on ECU vehicle platforms; and bulk market application of new energy and gas-fired engine in ECU.

Smart Manufacturing — Set an Industry Benchmark and Created Smart Industry Chain

During the reporting period, the Company progressed with the “Made in China 2025″ initiatitve. By meeting personalized requirements with the full-range smart transformation, the Company won support from national subsidies and established the Weichai Smart Manufacturing model, enhancing “low-cost, high-efficiency and high-quality” swift manufacturing capabilities.

The Company adopted 3 major segments for smart coverage, global R&D collaboration, smart factories/production and after-sale service platform in order to achieve full product life-cycle management. In 2016, the Company shouldered responsibilities for a number of major projects, including the Ministry of Industry and Information’s “High-end diesel engine smart plant based on smart equipment and industry big data” and the Ministry of Science and Technology’s “R&D of craftsmanship software and knowledge base for smart and high-speed production of heavy-duty diesel engines”, thereby establishing national smart manufacturing benchmark.

Besides, the Company has become a global leader in intelligent intralogistics 4.0 solutions, through its acquisition of Dematic, and is capable of providing Unique and comprehensive portfolio of products ranging from forklift trucks to cutting-edge fully automated material handling solutions. The Company now owns advanced integrated software and automation technologies, striving to establish a smart warehousing golden industry chain.

Expanded Foothold in Environment-Friendly Products

During the reporting period, the Company sped up the development and support of new energy products, and actively invested in the new energy area, nurturing its technology strengths for future development.

In 2016, 2991 units of new energy power systems were sold, up 5-fold year-on-year. The series fully covered parallel system, hybrid system, pure electric system and extended range system. The Company has the only laboratory in Shandong for new energy power system that integrates engineering, a national internal combustion engine standardized technology commission hybrid power system working group. This laboratory is also a commercial vehicle and engineering machinery new energy power system industry standardization and innovation base in Shandong.

As for fuel cell technology, the Company invested in Foresight, a high-tech enterprise engaging in fuel cell technology and products and applications. Foresight aims at investing early in fuel-cell technologies and strengthening its layout in new energy, paving the way for future technology development and product upgrades.

Linde Hydraulics — On Track for Taking Off

The Company has been exploiting the “European quality + China cost” model advantage for Linde Hydraulics. In 2016, the Group achieved improving underlying business fundamentals, and is on track for rapid growth and growing profit contribution.

As for capacity preparation, Linde Hydraulics saw its second motor assembly line commenced production; its 6 models of motors in production passed German accreditation. The line is ready for production of equipment for washing machines, mills, honing machines, thermal burr removal products and has been appointed by Germany’s SOP to produce 12 items.

As for product R&D, Linde Hydraulics has 97 newly developed application items, including loaders, agricultural machinery, excavators, cement; engines and hydraulics have been paired in high drive hydrostatic bulldozers; WISE 40 hydraulic controls have been applied in bulldozers, loaders, agricultural machineries and excavators.

In addition, the localized Linde Hydraulics products achieved an excellent performance with a total of 6,000 pumps and motors sold, representing a year-on-year increase of 230%. The products achieved RMB 73 million in revenue, up 124% year-on-year.

KION + Dematic to Complete Smart Warehousing Industry Chain

The “KION warehousing relocation hardware and service + Dematic automated and supply chain optimization technology” completes an automated logistics industry chain, thereby transforming from a technology-driven equipment manufacturer to an integrated software/hardware system total solution service provider.

Since its acquisition of Dematic on November 1, 2016, the Company has gradually transformed itself from an equipment manufacturing company with top-notch technology to a total solution service provider, gradually establishing a commercial model in provision of solutions and leveraging software and services. With Weichai’s strong support, KION and Dematic’s APAC strategies will boost its sales scale and profitability.

KION is the world’s second largest and Europe’s largest forklift manufacturing and warehousing technology service provider, commanding a 45% share in the after-sale service market. Dematic is the world’s third largest and a leading European automated logistics system solutions provider. The combination of the two will provide a total intelligent intralogistics 4.0 solutions.

International Market — Full Expansion Rollout

In 2016, the Company tapped the international market via many means: international mergers and acquisitions, overseas joint ventures, local production, trade and exports, efforts that yielded results.

KION Group, an overseas subsidiary of the Company, recorded a revenue of EUR5.59 bn, up 9.6% year-on-year; net profit EUR250 million, up 11.3% year-on-year. The Group recorded RMB650 million profit attributable to the parent.

As for overseas joint ventures, the Company set up a joint venture with MAZ Group of Belarus to tap CIS and European markets. As for international acquisition, KION completed the acquisition of Dematic, a leading specialist for automation and supply chain optimization, complement one another with strong market positions and regional presence, generate both topline and cost synergies. Products made in India were sold to the local community, enlarging the foothold for development in the country. As for trade, 3,000 passenger vehicle engines were sold in Vietnam, up 135%, with 12L sleeping vehicles and coaches accounting for 90% and 60% of the market shares, respectively.

Outlook

Looking ahead into 2017, the global economy will continue to see sluggish growth with a weak recovery, with rising uncertainties and instability. The “America First” policy promulgated by the Trump administration of the US raised expectations about of growth of the US economy, but has brought about immense uncertainties for the global economic recovery. On the other hand, while greater challenges lie ahead for economic recovery within the European Union, the paces of growth in emerging markets and developing economies are expected to accelerate. Generally speaking, the global economy is expected to grow at approximately 3.4%. Domestically, the Chinese Government settled on a economic policy framework of adapting to the “new normal”, with supply-side reforms as the centerpiece, speeding up fundamental and key reforms and massively revitalizing the real economy. The overall Chinese economy will sustain a stable pace of growth, with the annual GDP growth estimated at approximately 6.5%.

The Company is cautiously optimistic about the development trend of its related industries. In 2017, it is expected that the Chinese HDT market will attain a year-on-year growth of 9.2%. The increase is mainly attributable to a PPP project, which is a “mega infrastructure” project worth RMB4,700 billion; a rising replacement demand for trucks as a result of the tightened policy; and the trend of migration of highly efficient logistics and transportation services to the high end. Buoyed by factors such as investments in infrastructure and newly-commenced construction projects, and a stable demand for replacement vehicles, the construction machinery industry will continue to grow. Consumption and smart manufacturing upgrades will continue to boost the growth of automated warehouse industry.

Leveraging synergies from its globally coordinated R&D, advanced technology in smart manufacturing, product and service diversity and its strong base of loyal customers, the Company has started its preparation work in advance. Having essentially completed upgrades and replacement of products of engines and heavy-trucks, the Company is poised to maintain its leading position in the market of high-power engines, heavy-duty gear boxes and complete heavy-duty trucks. The Board of Directors has full confidence in the prospect of the Company.

Mr. Tan Xuguang, Chairman and CEO of Weichai Power, said: “This year, the Company will commit to the main theme of ‘strengthening its base and operations, seizing and capturing markets, speeding up innovation and striving to excel in its development’, along with the thirteen battles it had previously proposed, and will work strenuously in areas such as innovation, market leadership, integration of informatization and industrialization, synergy and cost reduction. At the same time, the Company will remain committed to its development goal of ‘going high-end and seeking to become the best in the world’. The Company will adhere to the principle of ‘Unified Strategy, Independent Operation, Resources Sharing’ and accelerate exploiting of synergies among the business segments of vehicles, construction machinery, powertrains, intelligent warehouses and automobile components, accelerating the global business layout and resource integration to continually enhance the quality and benefit of globalization, as well as its migration to the high end market segment.”

About Weichai Power Co., Ltd. (HKSE: 2338, SZSE: 000338)

Founded in 2002, Weichai Power Co., Ltd. (“Weichai Power” or “the Company”) is one of the largest car parts and power system conglomerates in China. Its clusters include dozens of quality companies such as Shaanxi Heavy-duty Motor Company Limited, Shaanxi Fast Gear Co., Ltd., KION GROUP AG, Dematic Group and Linde Hydraulics GmbH & Co. (KG). The Company’s business covers four major segments: vehicles and machines, powertrain, hydraulics and automobiles parts, formulating the most complete and the most competitive industry chain in the automobile industry across China. It also boasts the most fundamental technology and product in the construction machinery industry, and is fast becoming one of the leading comprehensive automobile and equipment manufacturing companies in China. Weichai Power was listed on the Main Board of the Stock Exchange of Hong Kong on 11 March 2004 and on the Shenzhen Stock Exchange on 30 April 2007.

For media enquiries, please contact Hill+Knowlton Strategies Asia

Renee Chen

Tel: +852-2894-6232

Charlotte Li

Tel: +852-2894-6229

Email: weichai@hkstrategies.com

Important note:

This press release contains forward-looking statements relating to the business outlook, forecast business plans and growth strategies of the Company. These forward-looking statements are based on information currently available to the Company and are stated herein on the basis of the outlook at the time of this announcement. They are based on certain expectations, assumptions and premises, some of which are subjective or beyond our control. The forward-looking statements may prove to be incorrect and may not be realized in future. Underlying the forward-looking statements are a large number of risks and uncertainties. Further information regarding these risks and uncertainties is included in our other public disclosure documents.

Source: Weichai Power

Written by asiafreshnews

March 30, 2017 at 11:33 am

Posted in Uncategorized

LC Waikiki Opens First Stores in Indonesia and Kenya

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ISTANBUL /PRNewswire/ —

LC Waikiki, one of the worlds leading fashion retail brands, has today opened its first store in Indonesiashortly after the opening of their first store in Kenya.  

The grand opening of the LC Waikiki store in the Gandaria City Mall Jakarta took place on Friday, 24th of March from 6 PM onwards. The store is the first in the Asia Pacific region and the grandeur of the opening was set to match the importance. The red carpet ceremony included the presence of VIP guests, famous artists, actors/actresses, and celebrities who were invited to celebrate the opening of the store.

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The grand opening of LC Waikiki’s first store in Jakarta was hosted by the LC Waikiki Sub Saharan Africa and Asia Operations Director Mr. İlker Hacıoğlu and LC Waikiki Regional Manager Mr.Ozan Baş. The store opening was enlivened by the presence of Isabella Damla and Emre Kıvılcım who are Turkish, actress and actor from Elif TV Series, along with the attendance of Patricia Gouw as the MC and DJ RBA.

Last month LC Waikiki, also opened their first store in Sub-Saharan Africa at the Two Rivers Mall, in Nairobi, as part of its growth strategy. The entry into the Kenyan market is seen as a step towards increasing its footprint in Africa, with the store in Nairobi being the main launch pad.

LC Waikiki, established in 1988, has been offering service under LC Waikiki Mağazacılık in Turkey since 1997 and dresses people up with the motto “Everyone Deserves to Dress Well” alongside sticking with the “affordable fashion” approach. LC Waikiki’s journey to growth has been continuing for 20 years. LC Waikiki, one of the leaders of the ready-to-wear industry, currently offers service with more than 750 stores and 35.000 employees in 37 countries.

http://www.lcwaikiki.com

Source: LC Waikiki

Written by asiafreshnews

March 29, 2017 at 4:41 pm

Posted in Uncategorized

ABI Research’s First VR and 360-Degree Video Tracker Identifies More than 460 Companies in the Markets

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SCOTTSDALE, Arizona /PRNewswire/ — In its first ecosystem tracker for the virtual reality (VR) and 360-degree video markets, ABI Research finds that there are already more than 460 companies operating in the space worldwide, with this number expected to climb. Broad market appeal for both the consumer and enterprise sectors will see the global market exceed $60 billion by 2021, with it continuing to attract a wide variety of players. Applications, software, and content distribution along with core technology represent the most common business model, accounting for over 60% of the companies in the list—roughly split evenly between the two business types.

“VR is not 3D,” says Michael Inouye, Principal Analyst at ABI Research. “With first-generation hardware sales lower than expected, some industry professionals suggest parallels between VR and 3D, but the wealth of companies active in this space and deep-seeded belief in VR stand in marked contrast to the short-lived heyday of 3D. While most companies engaging with VR live in the entertainment realm, other segments like real-estate/construction/architecture, marketing/sponsorships, healthcare, and training also represent huge opportunity in these early years.”

Among the VR and 360 video companies targeting specific markets, media and entertainment represents 35% of companies, while retail, commerce, and marketing is the focus of just over 10% of companies— healthcare, education, architecture/engineering/construction/real-estate, and video all individually represent at least 6% of the company list.

Content remains a limiting factor, but soon VR and 360-degree video content from gaming to user-generated content will become commonplace, supporting a range of VR hardware from mobile-reliant, like Google Cardboard, to high-end tethered and standalone. The diversity of companies participating in the market is extensive, from hardware and content providers front and center in the public eye to companies like Intel, Qualcomm, Technicolor, and Verizon that are working further behind the scenes to help power the devices and experiences coming today and into the future.

“This race isn’t a sprint,” concludes Sam Rosen, Managing Director and Vice President at ABI Research. “Even though we expect growth to come on strong in the coming years, we need to think long term. The growing list of companies is indicative of a market primed for growth, but eventually consolidation will occur as the market reaches higher levels of maturation. Along the way, there will certainly be bumps in the road, but VR and 360-degree video are on the right path toward living up to early lofty expectations.”

These findings are from ABI Research’s Virtual Reality SI and VAR Market Tracker (https://www.abiresearch.com/market-research/product/1027482-virtual-reality-si-and-var-market-tracker/) report.

About ABI Research

ABI Research stands at the forefront of technology market research, providing business leaders with comprehensive research and consulting services to help them implement informed, transformative technology decisions. Founded more than 25 years ago, the company’s global team of senior and long-tenured analysts delivers deep market data forecasts, analyses, and teardown services. ABI Research is an industry pioneer, proactively uncovering ground-breaking business cycles and publishing research 18 to 36 months in advance of other organizations. For more information, visit www.abiresearch.com.

Contact Info:

Americas

EMEA/APAC

Mackenzie Gavel

Denise Duffy

Tel: +1.516.624.2542

Tel: +44.203.326.0142

pr@abiresearch.com

duffy@abiresearch.com

Source: ABI Research

Written by asiafreshnews

March 29, 2017 at 4:21 pm

Posted in Uncategorized

Top Companies Spend 63% More Time Evaluating the Effectiveness of Their Recruitment Process, According to Allegis Group’s Global Talent Advisory Survey

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New research offers insights from nearly 12,000 employers and candidates in North America, EMEA and APAC

HANOVER, Maryland/PRNewswire/ — Allegis Group, the global leader in talent solutions, is pleased to share findings from its global Talent Advisory Survey in a new white paper, “Let’s Talk: Focused Conversation Topics to Supercharge Recruiting Success.” Available on Allegis Group’s website with supporting infographics, the paper offers insights from nearly 12,000 employers and candidates across various industries and functions from North America and the EMEA and APAC regions, revealing benchmarks that set high-performing recruitment organizations apart.

The paper also offers actionable steps to optimize talent acquisition. Readers will learn how top companies write compelling job descriptions that stand out, create talent pipelines that produce the biggest pools of qualified job seekers, screen candidates to ensure the right person gets the job, and deliver a quality onboarding experience that facilitates time-to-productivity and ensures retention.

“At Allegis Group, we are committed to helping our clients solve their business challenges and to creating opportunities for individuals to grow personally and professionally. That begins with a commitment to match great talent with great opportunity,” says President Andy Hilger. “With our extensive benchmark research and more than 30 years of industry expertise, we continue to deepen client relationships and help organizations win amid an evolving recruitment landscape.”

Avoid Breakdowns in Stakeholder Perceptions to Supercharge Recruitment Success

The paper probes perceptions from recruiters, hiring managers and candidates across the entire talent acquisition process, revealing some breakdowns that lead to stakeholder dissatisfaction:

  • One in three (33%) employers thinks his/her organization’s recruitment process does not enable him/her to be competitive in the battle for top talent.
  • 72% of job seekers say recruiters don’t always understand a position’s top three priority skills.
  • 73% of employers report their recruitment processes fail to leverage technology appropriately.
  • 70% of hiring managers, 78% of talent acquisition professionals and 59% of candidates are dissatisfied with the recruitment process.

Because stakeholder misalignment negatively impacts business success, Allegis Group indexed its research findings to identify behaviors that distinguish high-performing recruitment organizations from the rest. According to the findings, top companies spend 63% more time evaluating the efficiency and effectiveness of the recruitment process. They also share several distinguishing characteristics and are:

  • 3.8 times more likely to say their recruitment process successfully balances the needs of hiring managers, recruiters and candidates
  • 3.5 times more likely to say their recruitment process leverages technology appropriately
  • 3.3 times more likely to have a formalized and documented recruitment process with clear lines of accountability
  • 2.9 times more likely to be satisfied with the recruitment process overall
  • 2.9 times more likely to say their recruitment process is fully aligned and supportive of business goals
  • 1.9 times more likely to measure candidate satisfaction
  • 1.7 times more likely to measure ROI by sourcing channel

“Hiring managers and recruiters must make the bold move to regularly discuss recruitment processes across all stakeholder groups,” adds Hilger. “These conversations are not always easy. But there is no better way to achieve continuous improvement than to establish a forum, cadence and data-driven approach to talent acquisition. At Allegis Group, we’ve learned that leveraging best-of-breed technology, constantly optimizing processes and specializing recruiters by discipline delivers significant returns.”

Allegis Group’s Talent Advisory Survey was conducted online and in partnership with Inavero in the third and fourth quarters of 2016. Visit the Allegis Group website to download a complimentary copy of the resulting white paper.

About Allegis Group
Allegis Group is the global leader in talent solutions focused on working harder and caring more than any other provider. We’ll go further to understand the needs of our people – our clients, our candidates and our employees – and to consistently deliver on our promise of an unsurpassed quality experience. That’s the Allegis Group difference, and it’s consistent across every Allegis Group company. With more than $11 billion in annual revenues and over 500 locations across the globe, our network provides businesses with a comprehensive suite of talent solutions — without sacrificing the niche expertise required to ensure a successful partnership. Our specialized group of companies includes: Aerotek; TEKsystems; Aston Carter; Allegis Global Solutions; Major, Lindsey & Africa; Allegis Partners; MarketSource; EASi; The Stamford Group; and GettingHired. Visit www.AllegisGroup.com to learn more.

 

Source: Allegis Group

Written by asiafreshnews

March 29, 2017 at 4:13 pm

Posted in Uncategorized