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Magna Announces Agreement to Sell Interiors Operations

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AURORA, Ontario, April 16, 2015 /PRNewswire/ — Magna International Inc. (TSX: MG, NYSE: MGA) today announced that it has signed an agreement to sell substantially all of its interiors operations to Grupo Antolin, a leading global supplier of automotive interior systems. The purchase price for the operations, excluding certain assets, is approximately $525 million, subject to customary closing adjustments for the value of net working capital and net debt at closing.

The transaction includes 36 manufacturing operations and approximately 12,000 employees located in Europe, North America and Asia. Full year 2014 total sales for the operations included in the agreement were approximately $2.4 billion. Magna’s seating business is not included in this transaction.

Don Walker, Magna’s Chief Executive Officer commented: “This transaction is consistent with our strategy of refining our product portfolio to focus on certain key areas of the vehicle. In addition, we are very pleased to have reached an agreement with an established company that we believe will be well-positioned globally in the interiors business. We are confident that Grupo Antolin will continue to serve our interiors customers and provide to our interiors employees a solid foundation for the future.”

The transaction is expected to close in the third quarter of 2015, subject to a number of customary conditions, including antitrust approvals.


We are a leading global automotive supplier with 313 manufacturing operations and 84 product development, engineering and sales centres in 28 countries. We have approximately 131,000 employees focused on delivering superior value to our customers through innovative processes and World Class Manufacturing. Our product capabilities include producing body, chassis, interior, exterior, seating, powertrain, electronic, vision, closure and roof systems and modules, as well as complete vehicle engineering and contract manufacturing. Our common shares trade on the Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA). For further information about Magna, visit our website at


This press release contains statements that constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities legislation, including, but not limited to, statements relating to the strategic benefits expected to result from the transaction. The forward-looking information in this document is presented for the purpose of providing information about management’s current expectations and plans and such information may not be appropriate for other purposes. Forward-looking statements may include financial and other projections, as well as statements regarding our future plans, objectives or economic performance, or the assumptions underlying any of the foregoing, and other statements that are not recitations of historical fact. We use words such as “may”, “would”, “could”, “should”, “will”, “likely”, “expect”, “anticipate”, “believe”, “intend”, “plan”, “forecast”, “outlook”, “project”, “estimate” and similar expressions suggesting future outcomes or events to identify forward-looking statements. Any such forward-looking statements are based on information currently available to us, and are based on assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances. However, whether actual results and developments will conform with our expectations and predictions is subject to a number of risks, assumptions and uncertainties, many of which are beyond our control, and the effects of which can be difficult to predict, including, without limitation: the consummation of the transaction, including required antitrust and other regulatory approvals; the satisfaction or waiver of conditions to complete the transaction; warranty or indemnity obligations to the purchaser in relation to pre-closing liabilities; and other factors set out in our Annual Information Form filed with securities commissions in Canada and our annual report on Form 40-F filed with the United States Securities and Exchange Commission, and subsequent filings. In evaluating forward looking statements, we caution readers not to place undue reliance on any forward-looking statements and readers should specifically consider the various factors which could cause actual events or results to differ materially from those indicated by such forward-looking statements. Unless otherwise required by applicable securities laws, we do not intend, nor do we undertake any obligation, to update or revise any forward-looking statements to reflect subsequent information, events, results or circumstances or otherwise.

CONTACT: Vince Galifi, Executive Vice-President and Chief Financial Officer at +1-905-726-7100; or Louis Tonelli, Vice-President, Investor Relations at +1-905-726-7035.

Source: Magna International Inc.

Written by asiafreshnews

April 17, 2015 at 12:33 pm

Enterprise Holdings and Redspot Join Forces in Australia & New Zealand

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ST. LOUIS, March 24, 2015 /PRNewswire/ — Enterprise Holdings – the largest car rental company in the world – has appointed Redspot, Australia’s largest family-owned car rental company, as its franchise partner in Australia and New Zealand.

“We see tremendous opportunity in Australia, where the addition of a new player that’s truly focused on customer service will create healthy competition for customer loyalty,” said Peter A. Smith, Vice President of Global Franchising for Enterprise Holdings, which owns and operates the National Car Rental, Alamo Rent A Car and Enterprise Rent-A-Car brands.

Enterprise Holdings, through its regional subsidiaries, operates the largest fleet of vehicles in the world – approximately 1.5 million – and a global network of more than 8,600 neighborhood and airport locations in more than 70 countries. Its Enterprise, National and Alamo brands will become operational later this year through the Redspot network at all major Australian airports, including the international gateways of Sydney, Melbourne, Brisbane and Perth, as well as in key city centers. New Zealand operations will come online in 2016.

Enterprise Holdings and Redspot will launch an aggressive development plan for both markets in order to meet the total transportation needs of domestic and international renters.

“This expansion is the latest milestone in our Asia-Pacific growth strategy,” Smith noted. “We’re careful to choose franchise partners like Redspot who not only have a history of success, but also share our values and commitment to customer service.”

Founded in 1989, Redspot is a leader and innovator in Australia’s car rental industry. “This partnership is a natural fit for us,” said Dan Mekler, Managing Director and founder of Redspot. “Both Enterprise Holdings and Redspot started from a single location, fueled by an entrepreneurial spirit and an unwavering focus on meeting customer needs. Together, we’ll continue to put travelers first, no matter what their destination is.”

This relationship marks Enterprise Holdings’ entry into the Australian and New Zealand markets. Enterprise Holdings ranks near the top of the travel industry, ahead of many airlines and most cruise lines, hotels, tour operators and online travel agencies. The company’s long-term expansion strategy is focused on building a global network that delivers value, choice and outstanding customer service to business and leisure travelers.

For more information on Enterprise Holdings, visit

About Enterprise Holdings
Enterprise Holdings – the largest car rental company in the world as measured by revenue, fleet and employees – operates a global network of more than 8,600 neighborhood and airport locations under the Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car brands. In addition, Enterprise Holdings and its affiliate Enterprise Fleet Management together offer a total transportation solution, including extensive car rental and car-sharing services, commercial truck rental, corporate fleet management and retail car sales. Combined, these businesses accounted for $17.8 billion in revenue, employed 83,000 and operated 1.5 million vehicles throughout the world in fiscal year 2014.

Enterprise Holdings currently is ranked as one of America’s Largest Private Companies. Furthermore, if it were publicly traded, Enterprise Holdings would rank on Fortune’s list of the 500 largest American public companies. Enterprise Holdings, through its regional subsidiaries, operates more than 6,000 fully staffed offices in the U.S. – almost 70 percent more than its nearest competitor – and all located within 15 miles of 90 percent of the U.S. population. In addition, Enterprise Holdings not only accounts for the largest airport market share in the U.S., but its domestic rental fleet also is one of the newest in the industry. The company’s affiliate, Enterprise Fleet Management, provides full-service fleet management to companies and organizations with medium-sized fleets. Other transportation services marketed under the Enterprise brand name include Enterprise CarShare, Enterprise Rideshare, Enterprise Car Sales, Enterprise Truck Rental and Zimride by Enterprise. For more information about Enterprise Holdings, visit

About Redspot
Redspot is a wholly Australian, privately owned and managed car rental company, which operates a network of on-airport and downtown locations across Australia. Redspot is known for its Top Dog all-inclusive car rental rate, friendly efficient service and quality fleet. For more information about Redspot, visit

This press release and car rental industry news are available in the Enterprise Holdings Press Room.

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Source: Enterprise Holdings
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Written by asiafreshnews

March 25, 2015 at 5:19 pm

Law Firm Gurol Law Firm Announces Lawsuit Against Land Rover Set for 17 September in Turkey

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March 13, 2015 /PRNewswire/ —

Law firm Gurol Law Firm, acting on behalf of their client Engin Yakut, a Turkish lawyer and businessman, have announced today that a trial against Land Rover has been set for 17 September 2015 in Istanbul.

The Turkish courts have sent this legal notification to the Turkish Foreign Ministry, which in turn has notified its embassy in London as Land Rover is a UK-based company.

Engin Yakut is being represented by the lawyer Candas Gurol of Gurol Law Firm. In addition to lodging his complaint with the courts, he has also taken his case to the European Union, the European Commission, the Directive of Consumer Rights of the European Commission, and the European Organisation for Quality.

If Engin Yakut wins this case, he will have the right to file a “recognition and enforcement” lawsuit for recalling all the engines worldwide.

Engin Yakut has been campaigning for a trial since February 2012 and a date has finally been set for 17 September in Istanbul.

Source: Gurol Law Firm

Written by asiafreshnews

March 16, 2015 at 10:39 am

Two Successful World Premieres at the Geneva International Motor Show: QUANT F and QUANTiNO Impress Visitors at the Show “This Geneva Motor Show Is Going to Be QUANTastic!”

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PRNewswire/ — nanoFlowcell AG opens its presentation at the Geneva International Motor Show with two world premieres. Nunzio La Vecchia, Chief Technical Officer of nanoFlowcell AG, unveiled the two latest models featuring nanoFlowcell® technology at the Geneva International Motor Show: the QUANT F and its little brother QUANTiNO, the first QUANT low-voltage vehicle in the world. “We see the flow-cell technology as the most promising technology with the greatest potential for the future of sustainable electromobility without harmful emissions. It offers an enormous range as well as exceptional performance. For us it represents the best alternative to battery-powered or fuel cell-powered electric vehicles. The flow-cell drive system eliminates many of the disadvantages inherent in existing drive systems and it is also more cost-effective. In our view, the flow cell is the future of electromobility,” said Nunzio La Vecchia after the two world premieres presented by nanoFlowcell AG.


The new QUANT F is an impressive demonstration of the fact that enormous performance and environmental sustainability do not have to be mutually exclusive in the automotive field: a complete re-design of its predecessor QUANT E, the electric vehicle equipped with nanoFlowcell® technology can reach speeds of more than 300 km/h – full electric and without harmful emissions, it has a range of up to 800 km. With its new 2-speed automatic transmission, the 5.25-metre e-sports sedan weighing in at 2.3 tonnes and capable of carrying four people can accelerate from 0 to 100 km/h in only 2.8 seconds.

But it was not only the QUANT F that attracted a lot of attention at the world premiere at the Geneva International Motor Show.

With the new QUANTiNO, nanoFlowcell AG also unveiled the world’s first QUANT low-voltage vehicle as a concept car. Operating on a rated voltage of only 48 V, the QUANTiNO generates an output of four times 25 kW/136 hp with a combination of nanoFlowcell®, buffer system and electric motors. The QUANTiNO has a top speed of more than 200 km/h and a range of over 1,000 km. A 2+2 seater with a length of 3.91 metres, the car impresses with its unique design. One stand-out detail: the 22-inch wheels, which the QUANTiNO inherited from its big brothers QUANT E and QUANT F.

With its two 175-litre tanks, the QUANTiNO has a total capacity of 350 litres of ionic liquids, one carrying a positive charge, the other a negative charge. The refuelling process is similar to how it is done today, with the difference that two tanks are filled with different liquids simultaneously.

“As the first QUANT low-voltage vehicle, the QUANTiNO’s range of over 1,000 km is quite ground-breaking. Low-voltage systems are the ideal complement to our nanoFlowcell®. With a rated voltage of only 48 volts and the large currents that the nanoFlowcell® can deliver in combination with the buffer system, we are achieving an enormous range and exceptional performance figures in fully electric operation. As an electric vehicle for the public at large, the QUANTiNO represents a relatively cost-effective concept with great potential for the future. A first prototype is set to take to the road as early as 2015. We are also aiming for rapid homologation in preparation for series production,” added La Vecchia.

“This year’s Geneva Motor Show is going to be QUANTastic,” enthuses Professor Jens Ellermann, President of the Board of Directors of nanoFlowcell AG, who is elated with the positive response the world premieres of the QUANT F and the QUANTiNO have elicited among visitors at the motor show.

“In our view, the future of electromobility is clearly the flow cell. Anyone dealing with the future of electromobility and sustainable drive technologies professionally will no longer be able to ignore the topic of the flow cell,” added Professor Jens Ellermann.

The company nanoFlowcell AG will also be expanding its activities based on the flow cell. “The potential applications for the nanoFlowcell® cover a very diverse range, and not only in the automotive sector. For this reason, we have extended our research and development activities into other fields and industry sectors. The flow cell technology is also of interest for sectors like aerospace, railways and shipping, road haulage and housing construction and building services. Initial talks exploring opportunities for cooperative ventures with leading international companies in these sectors are already under way,” emphasised Nunzio La Vecchia.

“In an effort to continue to drive the growth and the development opportunities associated with the nanoFlowcell®, we are currently thinking about a diverse range of strategic options, including a possible IPO. The first promising talks are already taking place,” said Nunzio La Vecchia in commenting about the development opportunities and plans for nanoFlowcell AG.

“With these new QUANT models, we are ushering in a new generation of electromobility. And yet, the scope of the nanoFlowcell® is much bigger. To recognise this and advance it systematically is the job ahead of us for the coming months and years,” said Prof. Ellermann.

Information for the media

You can find additional media information as well as photographic materials on the internet, in the nanoFlowcell AG Media Center at The latest videos about the two world premieres of the QUANT F and the QUANTiNO will be available for download free of charge from 3 March 2015 at

– Cross reference: Picture is available at epa european pressphoto agency ( and

Please feel free to contact the nanoFlowcell AG press team to request interviews at the 2015 Geneva International Motor Show and with any general queries or enquiries:

CONTACT: Press Office nanoFlowcell AG
Volker Pulskamp-Bocking
Mainzer Landstrasse 41, 60329 Frankfurt/Main, Germany
P: +49(0)69-92-18-74-28,

Source: nanoFLOWCELL AG

Written by asiafreshnews

March 4, 2015 at 2:22 pm

The Return of Borgward

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PRNewswire/ —

Today, the legendary German manufacturer Borgward announces its return to the circle of internationally renowned car makers.
In front of a global media audience, Borgward present their exciting plans for the future on the first press day of the 85th Geneva International Motor Show.
The newly formed organisation will establish its global headquarters in Stuttgart, Germany.
A full range of innovative new Borgward cars will be launched in the years to come with the first model due to be unveiled at the 2015 International Motor Show Cars (IAA) in Frankfurt.
Based on the company’s historical commitment to technological innovation, a special emphasis will be put on e-mobility and the Borgward Multiple Interaction model.
– Cross reference: Picture is available at epa european pressphoto agency ( and

In its heyday, it employed 23,000 people. More than one million vehicles rolled off its production lines. Now, after a hiatus lasting more than half a century, one of the most revered names in the German car industry, Borgward, is back.

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It’s an unprecedented event in automotive history and represents the culmination of more than a decade’s worth of groundwork by Christian Borgward, grandson of the legendary company founder Carl Friedrich Wilhelm Borgward, and the industrial Executive Karlheinz L. Knöss. “Inspired by my grandfather’s example, we believe that, given the will to succeed, you can achieve anything,” Christian Borgward says, as he presents his 21st century vision for this most remarkable of car companies. “We are rolling out Borgward cars that are worthy of the name because they are luxurious, inventive, and bold. Just like those of my grandfather.”


Written by asiafreshnews

March 4, 2015 at 1:01 pm

DHL Supply Chain to Invest EUR 218m In Logistics Infrastructure In China

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— Latest facility recently opened in Chengdu to support growth in Western region
— 6 additional state-of-the-art logistics facilities to be constructed by 2020
— A key element to DHL Supply Chain’s growth plans in Asia-Pacific

SHANGHAI, Nov. 20, 2014 /PRNewswire/ — DHL Supply Chain (DSC), the world largest contract logistics provider, today announced it will commit a further EUR 113 million (RMB 0.86 billion) in China as its strategy gains traction. This is on the back ofEUR 105 million (RMB 0.8 billion) that was committed in 2013, bringing the total committed to EUR 218 million (RMB 1.6 billion). The funds will support the expansion of its network across China and in particular, six additional state-of-the-art logistics facilities scheduled for completion by 2020. The confirmed locations are Guangzhou, Hangzhou,Wuhan, Shenyang, Shenzhen and Shanghai Waigaoqiao Free Trade Zone.

Oscar de Bok, Chief Executive Officer of DHL Supply Chain Asia Pacific, said: “DHL Supply Chain is on a strong growth path in Asia Pacific. China is a key driver and our strategy is gaining traction. Regardless of location, our customers expect consistency of service delivery and operation execution. By working closely with our customers who provide us with their demand forecast, we have a clear roadmap of the locations we need to be in; as well as the level of the services required. In China alone, DSC will expand its warehouse facilities and transport capacities by 50% over the next three years.”

DSC recently opened its state-of-the art Chengdu Logistics Centre facility in western China. Located in Xindu district, the Chengdu Logistics Centre is a key strategic investment by DHL Supply Chain to support continued economic growth in the western region. The 54,000 sqm center operates scalable, repeatable solutions for multiple customers across a broad spectrum of industries including technology, consumer and healthcare; and delivers significant synergy benefits in terms of cost, quality and performance. The new facility also acts as a multi-user cross-dock to support the effective and efficient transportation of products across the Western region.

Zou Yin, Managing Director of DHL Supply Chain China said, “Helping companies navigate China’s vast geography and varied terrain to deliver their goods safely, efficiently and cost effectively has been the holy grail of the logistics industry. With the continued build out of our pan-China infrastructure, technology investments and extensive transport network, DHL Supply Chain is better positioned to contribute towards China’s goal of reducing the cost of logistics and reinforce the competitiveness of Chinese businesses. This also enables us service our multinational and Chinese customer better”

New facilities have been introduced in the Tier 1 cities of Beijing, Shanghai, Guangzhou and Shenzhen, while the roll-out of DHL Supply Chain cross-docks has been accelerated across China to allow the transfer of cargo with minimal warehousing.

The world is witnessing the nascent trend of Chinese companies going global. For many, a major challenge in the globalization of their business operations is the creation of a truly lean global supply chain. DSC understands the extent of development required in Asia Pacific to support a lean global supply chain and has invested 500m Euros(RMB 3.8 billion) in the region over the last two years. This year alone, DSC added 12 new facilities, equivalent to 436,000 sqm of warehousing space and a further five more amounting to an additional 110,000sqm are planned to open in 2015.

Mr de Bok added: “Our global scale combined with our experience across all industry sectors, have enabled us to develop successful supply chain solutions for customers of all sizes, including many of the world’s leading brands and corporations. Here in the Asia Pacific, India, Indonesia, Thailand and China will drive our growth, supported by demand in the established markets of Australia and Japan. We work closely with all our customers to create sustainable competitive advantage for their businesses and we will continue to partner our Chinese customers supporting their growth and expansion by growing business globally.”


DHL – The Logistics company for the world

DHL is the global market leader in the logistics industry and “The Logistics Company for the world”. DHL commits its expertise in international express, air and ocean freight, road and rail transportation, contract logistics and international mail services to its customers. A global network composed of more than 220 countries and territories and about 285,000 employees worldwide offers customers superior service quality and local knowledge to satisfy their supply chain requirements. DHL accepts its social responsibility by supporting environmental protection, disaster management and education.

DHL is part of Deutsche Post DHL. The Group generated revenue of more than 55 billion Euros (RMB 420 billion) in 2013.

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Source: DHL

Written by asiafreshnews

November 24, 2014 at 12:44 pm

DHL Bags Inaugural Global Express Provider of the Year — Industry Choice Award

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— Also voted Global Express Provider of the Year — Customer Choice award for third consecutive year
— Lauded for commitment to customers and sustainability in the region

SINGAPORE, Nov. 5, 2014 /PRNewswire/ — DHL Express, the world’s leading cross-border express services provider, has been awarded the prestigious Global Express Provider of the Year — Customer Choice by Payload Asia magazine for the third year running. DHL also took home the same accolade for the magazine’s inaugural Industry Choice Awards.

The Customer Choice Awards saw customers and readers voting for their top-choice service providers while the winners of the Industry Choice Awards were determined by a senior level panel drawn from across the industry. DHL won on both fronts for its dedication to a customer-centric mindset, operational excellence, continuous innovation, commitment to building a sustainable future, and driving robust business growth in 2013.

“To receive affirmation from both our customers and industry experts is validation of our unwavering efforts for theAsia Pacific markets. In 2013, we achieved strong business growth in this region, generating revenues of EUR4.3 billion, led by an 8.3% increase in total shipments and an 8.8% increase in Time Definite International shipments over 2012. We have also been investing heavily in infrastructure and customer-centric initiatives to enhance our network and improve service quality, all reinforcing our market leadership in Asia Pacific. In fact, our market share in the region now stands at 40%[1],” said Jerry Hsu, CEO, DHL Express Asia Pacific.

The Global Express Provider of the Year winners for both the Customer Choice and Industry Awards are selected based on a set of criteria evaluating strength of customer and business growth, operational performance, development strategy as well as customer and product innovation. DHL’s dual wins signify a clear vote of confidence from the market that it excels in all the requirements customers are looking for in a preferred express provider and trade partner. DHL serves more than 40 countries and territories in the region.

Building network capabilities

A multitude of network enhancements was rolled out in 2013. The first was an introduction of a new wide-bodied freighter flight connecting the growth economies of Taipei, Taiwan; Incheon, Korea; and Nagoya, Japan, offering customers more shipment capacity. A second enhancement saw DHL double the frequency of its wide-bodied freighter connections to Australia from two to four days per week. By optimizing its intercontinental network and routing shipments via Japan, it was able to reinforce its daily US-Australia connection, while at the same time offer additional and strategically timed daily capacity from key North Asian markets into Australia. Lastly, DHL also invested EUR22.5 million to replace its existing fleet with newer and greener vehicles, to boost handling capacity and overall efficiency.

A greater focus on the customer

To deliver a consistent and holistic customer service experience, the DHL Global Contact Centre system was upgraded, ensuring 90% of all customer calls are picked up within 10 seconds. Through new innovative quality monitoring capabilities, service rendered by each call agent can now be evaluated, enabling continuous improvement and sharing of best practices. Results have been encouraging with the DHL Customer Service team bagging a total of 58 awards across Asia Pacific for 2013.

DHL Express’ dedication to its customers is underpinned by its Insanely Customer Centric Culture (ICCC) — a mindset and way of life that all DHL employees, customer-facing or not, are encouraged to embrace. ICCC is DHL’s way of unifying its employees to work as one to put customers at the center of everything they do; by talking to them, listening to and taking action on their feedback, and ultimately making them successful.

Keeping an eye on the environment

Sustainability is an integral component of DHL’s corporate strategy and “Living Responsibility” motto. The DHL GoGreen programs and services have helped DHL customers offset a total of 7.1 million kilograms of carbon emissions in Asia Pacific. Internally, DHL Express improved carbon efficiency in the region by 6%, with a key contributor being China, including the North Asia Hub, whose consolidated efficiency measures saw an improvement of 17% in carbon impact in 2013.

Focusing on its customers, enhancing its network and contributing to a sustainable business environment are all part of DHL’s corporate strategy to achieve its goal of becoming the first choice express logistics provider for customers all around the world.

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DHL — The Logistics company for the world

DHL is the global market leader in the logistics industry and “The Logistics Company for the world”. DHL commits its expertise in international express, air and ocean freight, road and rail transportation, contract logistics and international mail services to its customers. A global network composed of more than 220 countries and territories and about 285,000 employees worldwide offers customers superior service quality and local knowledge to satisfy their supply chain requirements. DHL accepts its social responsibility by supporting environmental protection, disaster management and education.

DHL is part of Deutsche Post DHL. The Group generated revenue of more than 55 billion Euros in 2013.

(L-R): Ramesh Natarajan, DHL Express Singapore courier** and Sean Wall, EVP, Network Operations & Aviation, DHL Asia Pacific at the Payload Asia Awards 2014.
(L-R): Ramesh Natarajan, DHL Express Singapore courier** and Sean Wall, EVP, Network Operations & Aviation, DHL Asia Pacific at the Payload Asia Awards 2014.

** Notes:

Ramesh Natarajan is a DHL Express Singapore courier who exemplifies DHL’s values: Can-do spirit, Speed andPassion.

Ramesh displayed all these traits and more in July 2014 when he helped put out a fire in a private home. He noticed flames coming from an outdoor kitchen along his route and instinctively jumped the fence to help the occupants put out the fire, all while calling out to bystanders to alert the fire department.

DHL Express Singapore is extremely proud of Ramesh’s heroic actions. He was invited to the Payload Asia Awards 2014 to stand alongside Sean Wall, EVP, Network Operations & Aviation, DHL Asia Pacific, to receive the awards.

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Source: DHL

Written by asiafreshnews

November 6, 2014 at 10:55 am

iXBlue launches the MARINS M Series inertial navigation system (INS) at EURONAVAL 2014

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— The MARINS M series sets new standards in strategic-grade naval navigation and strengthens the iXBlue INS product range by delivering up to three times the performance of other systems.

MARLY-LE-ROI, France, Oct. 27, 2014 /PRNewswire/ — iXBlue, a global leader in naval and civil navigation and positioning systems, is unveiling its new MARINS M series INS at EURONAVAL 2014, in Paris, France. The series includes the MARINS M3, M5 and M7 systems and is designed to address the needs of the world’s most advanced navies for surface-vessel and submarine operations in littoral and open-sea environments.

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Accurate and reliable navigation, including missile alignment, is critical to the success of submarine and surface-vessel missions. The MARINS M series raises the bar in performance and scalability by addressing the needs of surface ship navigation under a GPS-denied environment. For submarines, MARINS M7 enables three times longer autonomous stealth navigation compared with any available system by offering drifts of less than 1 Nm/72 h.

The MARINS M series represents the state of the art in strap-down, fiber-optic gyroscope (FOG) technology, and is combat ready against GNSS denial. The military-specification units output position, heading, roll, pitch, depth and velocities, and are perfectly silent. The systems are compatible with a wide range of aiding sensors and can be up and running within minutes.

The extended iXBlue product range, including QUADRANS, OCTANS, PHINS and MARINS M series systems, now represents even higher scalability of solutions, from attack craft to aircraft carriers and submarines.

More than 30 navies worldwide have selected the iXBlue product range, including previous generations of MARINS systems. For example, the UK Royal Navy’s has adopted advanced iXBlue solutions for its Astute Class submarines. iXBlue products are consistently selected for their overall performance, reliability and through-life cost benefits. With no moving parts or critical elements that deteriorate over time, the units offer the best available total cost of ownership. Consequently, their reliability is high and they require no maintenance. They are also compact, lightweight and power efficient, and, unlike the systems generally used in submarines, are extremely easy to integrate.

With more than 30 years of experience, iXBlue is a global leader in ultimate-performance FOG navigation for naval defense applications.

For further information about iXBlue naval products, including the MARINS M series, please visit the iXBlue stand (F64).

Anne Colliou, +33-1-30-08-88-88 (France),
Majid Foodeei, +33-631-66-3999,


Source: iXBlue

Written by asiafreshnews

October 29, 2014 at 11:29 am

With qualified public, Marintec South America-Navalshore confirms the maturation of Brazilian shipbuilding industry

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-The fair brought together companies, governmental, industry leaders and industry experts during three days in Rio de Janeiro. A total of 67% of the exhibiting brands have confirmed their presence at the 2015 Edition

HONG KONG, Oct. 22, 2014 /PRNewswire/ — Brazil is striding to make its naval and offshore industry a protagonist increasingly active on the international stage. Proof of this is the success of Marintec South America-11th Navalshore, an event that brought together, between 12th and 14th of August at the Centro de Convencoes SulAmerica, in Rio de Janeiro (RJ), a highly qualified audience of 16,536 people, formed largely by executives with decision-making power in the segment companies.

During three days, the networking and business meetings moved exhibitors from more than 380 trademarks and 12 international pavilions, with representatives from 40 countries. “We have R$ 100 billion in planned deliveries until 2020 what made Brazilone of the main drivers of world shipbuilding. The challenge now is to strengthen the supply chain and the formation of manpower to meet this demand in the country. This is the mission that Marintec South America takes gathering the main players in the segment,” says Joris Van Wijk, Director-General of UBM Brazil, a company that promotes the fair.

Renan Joel, event Manager, draws attention to the stable scenario,Investments and orders of ships planned for the coming years provided stability for the yards to make plans. This positively impacted the entire productive chain, that firms business more safely, as it was possible to see in this edition of Marintec.” He highlights that 67% of exhibitors have already renewed the contracts and already guaranteed presence in the 2015 Edition of the fair, which will take place between days 11 and 13 of August at the same location.

Entities In the meeting, the Government and industry leaders drew a promising profile of the segment. The CEO of Transpetro, Sergio Machado, pointed out that the industry lives another step and needs to see further, “I am against the decrease of the local content requirement in the projects carried out in the country. We have to think about improving the management and reach 50% of productivity to compete internationally. We can’t stay in 10%.”

For Eduardo Vieira, CEO of the Firjan System (Federacao das Industrias do Rio), the output is to find vocations that can add value to companies and workers. “You can’t do everything. We need to prioritize and define things at which we can be better. If we focus we can expand in a million the number of jobs. We have to organize to compete and establish alliances to increase the participation of the country in the international arena,” he said.

The CEO of the Maritime Industry’s Joint Parliamentary Front of the Congress, Congressman Edson Santos de Souza (PT/RJ), believes the Government should offer this support for the segment. “The National Congress is aware of the need for having a perennial Government policy that provides sustainability to shipbuilding production chain. Brazil WINS with the growth of the industry and can extend the presence in the international market.”

“We are optimistic. We live in a scenario in which 80% of companies have a positive Outlook and a total of 51.2% have business plans, which shows a long-term vision. The country enjoys institutional arrangements among Government, businesses and universities. It’s never been spoken so much about innovation. I believe that Brazilwill soon be one of the main players in the world,” said Jorge Boeira, Coordinator of the energy Area of the Brazilian Agency for Industrial Development (ABDI).

“There is a consensus that the segment is experiencing a positive moment for 82,000 people working in the industry. It is spectacular. Now, we need to look ahead and think about international competitiveness, how we can insert Brazil on the world stage,” said Julio Bueno, Secretary of economic development, energy, industry and services of the Government of Rio de Janeiro.

“We reaffirm our commitment to maintain the shipbuilding industry in the spotlight. This fair reflects the positive moment of the industry in Brazil. In addition to having 82 thousand direct workers involved, there is a supply chain that spans about 700 thousand employees. We want to enlarge the competitiveness and expansion of skilled labor,” said Ariovaldo Santana da Rocha, CEO of the National Syndicate of the Naval and Offshore building and repair industry (Sinaval).

Companies – Konsberg, one of the participant companies, which completes 200 years of activity this year, found at the fair a current and a future profile of the naval segment. “One of the highlights of Marintec South America is the opportunity to see many companies, as smaller shipyards, migrating to the offshore. This is a great opportunity for Konsberg to see who’s growing and has potential. We are much interested in doing business with new players and this is provided with quality by the fair,” said Pedro Dias, Director of sales and Marketing at Konsberg.

Another Exhibitor, the Brastech, brought to the Marintec its portfolio of products and services with emphasis on the rescue vessel built at the company’s shipyard in Rio das Ostras and has 73% of Local content. “The Marintec South America gives us much visibility and the opportunity to find new partners and start new projects. Furthermore we find quality suppliers that help us to cheapen our production and increase our competitiveness in the market,” said Eduardo Inacio, commercial Manager of the company.

“Marintec South America is the major fair in the market, bringing all global players. It is important to highlight that here we find not only representatives of national and multinational companies, but the professionals involved directly in the projects. It is therefore the best forum to discuss solutions and find answers and information about the segment,” said Silvio Pedro Alves, manager of Metalock Brazil, another exhibitor at the event.

“Marintec South America is our main fair. Here we find all the players in the industry and our clients. Because of this, we reserved the event to make our releases and announcements of new actions. We are presenting a ticket sizing software that can be accessed by the site,” highlighted Roxtec’s Marketing Manager, Michele Andrad.

Visitors – “I have appeared at Marintec South America to prospect new business and, consequently, to find potential clients”, said Thais Porto, Business Development of Swift Worldwide Resources. This is the average profile of visitors who participate in the fair: professionals with high qualifications in the segment who are looking for new business partners.

Another example is Amilton Couto, business analyst of Duarte Marítima. “I always visit Marintec South America and this edition was very special. I’m participating in the reactivation of a company, Duarte Marítima and started at this fair two businesses with an exhibitor that offers process management services and another that manufactures rescue vessels,” he said.

International presence reinforces positive moment of the Brazilian naval industry

The presence of international companies and representations in Marintec South America reinforces that the Brazilian shipbuilding industry scenario is calling the attention of the international market. “We enjoyed the Marintec South America to celebrate the exchange of experiences for the joint development of the two countries signed recently with the Brazilian Government. The shipbuilding industry has great importance in the consolidation of this partnership and here at the fair we found an excellent space for dialogue with representative entities and Brazilian businessmen,” said Edgardo Orteno, Secretary of industry, energy and mining of Uruguay.

Japan is also with the eyes facing Brazil. “We are an entity of rating that offers viable solutions for the shipbuilding industry. Offer fuel spending reduction and efficient operations. We want to expand our participation in the Brazilian shipbuilding industry,” said Katsutoshi Nagata, manager of Nippon Kaiji Kyokai – ClassNK.

Another power, Norway, also has an interest in the Brazilian naval market potential, as became clear in the speech of Helle Moen, Director of the Agency for Promotion of the Government of Norway (InnovationNorway),We have experience in shipbuilding and want to deepen cooperation with the Brazilian industry. It is a moment in which there is a very large competition involving players with innovative solutions that optimize the processes.Norway has much to offer.”

Chris Wall, a business analyst from UK Trade & Investment, also puts the United Kingdom en route to Brazil’snaval industry. “We specialize in high quality marine equipment, naval architecture and repair, in addition to integrated systems and electronic navigation. We have offices in Rio de Janeiro, Recife and Porto Alegreprecisely to broaden the involvement of British companies in Brazil. This is also our goal here in this edition of Marintec South America,” he said.

The neighbors Argentines believe in cooperation so that not only Brazil, but the South American countries achieve competitiveness and attract the international interest. “We want to partner not only in business, but in cooperation agreements involving innovation and technology between the Argentine and Brazilian shipbuilding,” said Juan Antonio Torresin, CEO of Astillero-service and repairs Naval Complex.

Abenav and South Korean Association sign cooperation agreement

Abenav and KITA (Korea International Trade Association), private organization to promote South Korean imports and exports, signed an agreement of intent whose goal is to encourage the exchange of knowledge and technology between enterprises of the shipbuilding industry of both countries and encourage the presence of corporations of that country in the Brazilian market.

“The South Korean supply chain is very well organized and its technological level is internationally recognized. The Brazilian industry has much to gain from a greater integration between the two countries,” said the CEO of the Abenav, Augusto Mendonca.

The General Director of KITA, Jungseok Choi, agreed with Mendonca, and was excited at the prospect of increased turnover between Brazil and South Korea, even considered the restriction of local content. “It would be a lot easier if there were no regulations and if the two countries have a free trade agreement, but the prospect is still great,” he said. According to him, South Korea owns 30% of market share of world shipbuilding industry.

Banks see consolidated shipbuilding industry and with positive prospects

The banks that finance the development of the offshore and marine industry in Brazil trace a positive profile of the segment. “It is an honor and a big responsibility for Caixa to take part in Marintec South America, an event that brings together the main players and promotes a reflection on the shipbuilding industry. We have already invested R$ 5 billion and R$ 12 billion destined for projects in the industry. We have seen a very ripe market and consolidated, with a present and active corporate governance,” said regional manager of the Caixa Economica Federal in Rio de Janeiro, Rossano Macedo.

The Superintendent of the Inputs area of BNDES, Rodrigo Barcellos, agreed, “BNDES participates in Marintec South America to reaffirm the commitment of the Bank to participate in the development of the offshore and marine industry. We are investing R$ 10 billion to boost the segment in the country. We already have five major shipyards running and two under construction. Our current challenge is to build probe ships, but I believe in the potential of our industry, which is solid.”

Increased Local content reinforces good moment of the shipbuilding industry

A sign of stability of offshore and marine industry is the consolidation of the rules of Local content (CL) between companies working in the country. In part, this is due to the attitude of the main buyer of products and services, Petrobras. “We decided that Local content is more than a legal requirement, is the company’s strategy. The contracts are already published with specific clauses of CL, including refining and gas, which would be optional,” explained Ronaldo Martins, market development manager of Petrobras.

He also stated,The tendency is to maintain the average of 55% and 65% of Local content in our projects. It is a beacon for foreign companies produce in the country and a boost for the domestic industry. We have, for example, 27 production units to be contracted between 2018 and 2030. This is a safety factor for companies to plan their business.

The Manager of Department of gas, oil and Capital goods under Order from BNDES, Luiz Marcelo Martins Almeida, stressed the importance of participation of more experienced markets in this process of consolidation of the offshore and marine industry in the country, “The foreign industry that comes to invest will be treated as a national company. Local content policies fostered national industry strategic partnerships with international partners. It has been central to meet the established goals of CL.

John Rossi, General Coordinator of Oil, Gas and Naval of the Ministry of Development, Industry and Foreign Trade (MDIC), pointed out that the domestic industry must seize the positive moment. “We have a prediction of R$ 199 billion of investment between 2014 and 2018, according to BNDES data, and of this total, more than 45% of the total amount of investments into the industry. It will be a challenge for national companies to comply with the requirements of Local content,” he said.

Daihatsu and Government of Bahia sign agreement of intentions

The Secretary of the Shipping and Port Industry of Bahia, Carlos Costa, and Daihatsu’s Director for South America, Toshimi Deguchi, signed an agreement of intent during the Marintec South America confirming the engine manufacturer’s interest in installing a manufacturing unit of 10 000 m² in the country. “We have every interest in bringing to Bahia a Daihatsu plant,” said the Secretary.

According to the Japanese company Executive, Brazil is very representative in the clients’ portfolio of Daihatsu, but demand should be more stable. “We had good orders about four years ago, but the shopping cycle in this market is too long. We are waiting for new business,” he said. Deguchi revealed that the project of a plant in Brazilcan be made possible if the demand balances in 20 thousand engines per year.

Brazilian welding also aims at international competitiveness

Orders of vessels and the strengthening of the shipyards in Brazil positively impacted the segment of welding in the Country. “We have big challenges such as the qualification of labor and meeting deadlines. We need to get rid of addictions and stay open to new procedures,” said the Manager of welding and cutting of the Brasa Shipyard, engineer Alexander Schwenck.

Brasa has currently 300 qualified welders working and delivers this month of August the FPSO Cidade de Ilhabela, which received 13 modules in this step. “This was a great learning experience. The FPSOs Cidade de Marica and Cidade de Saquarema already show an evolution in relation to Ilhabela with 30% gain in time. This will lead us to international competitiveness,” he concluded.

Engineer Ubirajara Costa, of Alumaq, stated that the segment can further refine, “Managers must have knowledge of welding, to avoid problems such as rework, for example. The training is critical.

Business round bring dockyards and ship-owners of supply chain closer

Marintec South America promoted in partnership with Associacao Brasileira das Empresas de Construcao Naval e Offshore (Abenav) a business round during Marintec South America. The meetings brought together companies such as EBR, Eisa, Alianca, Vard, MRM, Sao Carlos, Brasfels, Galaxy, Web and Tek Sea.

“This fair is improving year by year. We had to extend the opening hours of the business round promoted, as 90 companies were listed to show their solutions in products and services for 11 anchors, being six shipyards. This shows a strength of the shipbuilding industry in the country and an even larger growth trend with learning and industry consolidation,” said Augusto Mendonca, CEO of Abenav.

Naval industry gains strength in the North and Northeast

The growth, of offshore and marine industry in Brazil came accompanied by a decentralization of activities. Before concentrating further South and Southeast, today gains momentum in the States of North and northeast of the country.

The Secretary of the shipping and port industry of Bahia, Carlos Costa, for example, is in Marintec South America in search of partners. “We already have participated in the event because of the great shipyard we have in the State with the capacity to produce ships and platforms. Now our focus is creating a polo of marine parts. We already have the area, which is adjacent to the Shipyard Paraguacu, and hope to find partners here,” he said.

Attract the segment of marine parts is also the goal of the Manaus Free Zone Superintendence (Suframa), who scheduled a series of presentations in the Innovation Space, a novelty of this edition of Marintec South America. “We have more than 600 companies and the experience of dealing with companies from all over the world. We offer a series of tax breaks, such as 100% reduction of ICMS, to attract companies in the industry and boost local content,” said the Executive Secretary of Economic Planning and development of the Naval Complex, Mineral and logistics of Suframa, Ronney Peixoto.

The Amazon has 80 small and medium shipyards and generates eight thousand direct and indirect jobs.

Waterways will expand the market of Amazon potassium in the Country and abroad

The 22 thousand kilometers of navigable rivers and a strategy of bimodality with railroads and highways will boost the domestic and foreign market of potassium explored in the Amazon. The statement was made by the Secretary of mining, Geodiversity and water resources, Daniel Borges Nava, during Marintec South America. “The Navy is already updating the charts to facilitate signaling and traffic and meet with demand efficiency,” said.

The mine found near the Madeira River will enter into operation in four years. “About 92% of potassium used in fertilizers industry in the country is imported and if we don’t do anything until 2019 the index may reach 100%. With the project of waterways and shafts with railroads and highways can handsets provide self-sufficiency for the Brazilian market. It is important to remember that fertilizers are part of the agribusiness supply chain, one of the vectors of our economy,” said Nava.

Another initiative commented by the Secretary from Amazon was the deployment project of a multimodal system that connects the Amazon to Peru and Bolivia and, consequently, to the Pacific Ocean. “With the waterways and the link established with these countries we weren’t so dependent on the Panama Canal,” he concluded.

About Marintec South

Main strategic meeting for the offshore and marine industry in Latin America, aimed at generating business, technology, best practices and new products and services to the entire chain of the industry, the event took place from 12th to 14th of August at the Centro de Convencoes SulAmerica, in Rio de Janeiro (RJ). It was 11 thousand square meters, more than 380 exhibiting brands, 17 countries and 12 international pavilions. At the same time, Conferences were held, the launch of Innovation Space and Business Rounds.

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Written by asiafreshnews

October 23, 2014 at 11:07 am

Thales Inaugurates Innovation Hub In Singapore

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— Thales inaugurates the Singapore Innovation Hub, a multidisciplinary establishment inspired by Asian concepts, Asian innovation and Asian thinking.
— The Hub will engage customers and utilize new concepts and practices such as Design Thinking to identify needs and jointly develop solutions.
— The innovation team benefits from government support and partnerships with Singapore’s institutions as well as a global network of Thales innovation teams.

SINGAPORE, Oct. 13, 2014 /PRNewswire/ — Thales, a global technology leader in the Aerospace, Transportation and Defence & Security, today officially inaugurated the Thales Innovation Hub Singapore, which represents the Group’s first multidisciplinary innovation centre outside of Europe.

The concept behind this Hub is to seek inspiration from Asian concepts, Asian innovation and Asian thinking, to arrive at a deeper understanding of the operational needs of clients in the region, and design new products and services that address these specific requirements.

The Thales team will engage customers in usercentered innovation, co-designing, prototyping and testing new ideas and concepts across domains ranging from defense, maritime security to aerospace, air traffic management and smart cities.

The innovation team has been trained by the Design Thinking and Innovation Academy from the DesignSingapore Council in order to apply the concept of Design Thinking innovation[1], a new, goal-oriented, problem solving approach developed to look at all potential alternatives of a particular design problem.

Thales has world class credentials in research and technology, and invests an average 20% of its annual turnover in Research & Development. The Singapore team will therefore draw from considerable global support, including access to the internal network of design practitioners, a global group of experts from across all Thales’s domains, which fosters cross-collaboration in order to fine-tune design and innovation. The team will be further strengthened by the partnership forged with the Singapore University of Technology & Design (SUTD)[2], through collaboration and internship agreements.

“We are pleased that Thales has chosen Singapore to open its first multidisciplinary innovation hub outside ofEurope. The decision to locate the Thales Innovation Hub in Singapore signifies the growing importance of Thales’s Asian customer base, as well as Thales’s continued confidence in Singapore as an innovation leader in the region,”said Mr Quek Swee Kuan, Deputy Managing Director, Singapore Economic Development Board.

“Innovation is in our DNA. Thales invests more in research and technology than most other industrial groups and with this inauguration we reaffirm this commitment to innovation. By leveraging the multi-cultural and multi-disciplinary Thales teams in Asia and across the world, the entire technology and research portfolio of the Group can be accessed by local clients to meet their needs in each of our strategic countries like Singapore,said Jean-Bernard Levy, Chairman and CEO, Thales Group.

Notes To Editors

1. About Singapore’s Innovation Hub team and Design Thinking

The Thales team is trained by the Design Thinking and Innovation Academy from the DesignSingapore Council equipped with “The Tools and Methods for Implementing Design Thinking” — a workshop covering the process of design thinking and innovation, as well as topics such as user empathy, rapid prototyping and user testing.

Design thinking is a formal solution-based method for practical, creative resolution of problems. This approach differs from the analytical scientific method, which begins with thoroughly defining all the parameters of the problem in order to create a solution. Design Thinking identifies and investigates both known and ambiguous aspects of the current situation in order to discover hidden parameters and open alternative paths to a solution. Because Design Thinking is iterative, intermediate “solutions” are also potential starting points of alternative paths, including redefining of the initial problem.

2. About the partnerships forged with Singapore Universities

To strengthen the Innovation Hub in Singapore, Thales is forging a strong partnership with the Singapore Universityof Technology & Design (SUTD). SUTD, established in close partnership with MIT in the U.S., has incorporated into its curriculum inputs from the industry to meet the needs of the world. By hosting interns from SUTD and participating in SUTD’s Capstone Programme (an integrated design project for senior year undergraduate students), Thales hopes to inject fresh perspectives into our innovation challenges and grow the pool of Design-aware engineering talents in Singapore.

About Thales

Thales is a global technology leader in the Aerospace, Transportation and Defence & Security markets. In 2013, the company generated revenues of EUR14.2 billion with 65,000 employees in 56 countries. With its 25,000 engineers and researchers, Thales has a unique capability to design, develop and deploy equipment, systems and services that meet the most complex security requirements. Thales has an exceptional international footprint, with operations around the world working with customers and local partners.

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Rice Communications

Amala Naravane

Thales Media Relations

Alexandre Perra

Source: Thales

Written by asiafreshnews

October 14, 2014 at 1:59 pm