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PepsiCo Signs Memorandum of Understanding with Vietnam’s Department of Agriculture and Rural Development and the Phivang Collaboration of Farmers to Introduce a Sustainable Contract Farming Model in Vietnam

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-The tripartite agreement on contract farming is the first-of-its kind in Vietnam

HO CHI MINH CITY, Vietnam, Oct. 7, 2014 /PRNewswire/ — PepsiCo Foods Vietnam Company (PFVC) announced today that it has signed a first-of-its-kind Memorandum of Understanding (MOU) with the Department of Agriculture and Rural Development (DARD) and the Phivang Collaboration of Farmers in Vietnam to introduce a sustainable contract potato farming model into Vietnam. The agreement will benefit around 50 small-scale farmers in Lam Dong Province, Vietnam.

As part of the MOU, PFVC will agree a fixed price for the purchase of potatoes from Phivang Collaboration of Farmers at the start of each growing season.  This gives assurances to farmers that they have a buyer for their potatoes and at a price that is not subject to market fluctuations.  DARD will provide financial assistance to members of the co-operative to purchase seeds and other inputs for the growing season.  Finally, the Phivang Collaboration of Farmers will unite farmers to negotiate a secure and stable contract with PepsiCo and provide a forum for farmers to exchange growing techniques.

In addition, PFVC will provide technical agronomy support to the farmers through sharing best practice on techniques to improve yields, save water and promote sustainable agriculture.  PFVC has a proven track record of assisting farmers in Vietnam to make their crop cycles more productive.  Between 2011 and 2014, PFVC provided agronomy support to their farmers that enabled them to nearly double their average yields.

“PepsiCo is one of the world’s largest agricultural enterprises. Annually we source more than four million tons of potatoes from thousands of local farmers across the globe, and our success depends on securing sustainable supply chains for our key raw materials,” said Huy Nguyen Duc, General Manager, PepsiCo Foods Vietnam Company.  “Along with our partners, DARD and the Phivang Collaboration of Farmers, we want to use our combined experience and know-how to work with potato farmers in Vietnam and to play a positive role in the success of sustainable contract farming across Vietnam.”

“The Department for Agriculture and Rural Development believes that this agreement is mutually beneficial to all parties.  Phivang farmers are guaranteed a fair price that isn’t subject to market fluctuations for their crop and PepsiCo will receive a stable supply of potatoes,” said Mr Chau, Deputy Director of the Department of Agriculture and Rural Development.  “Our plan is to replicate this model throughout Lam Dong province to ensure sustainable production of potatoes, and other vegetables, and to provide security to farmers against market price fluctuations.”

PepsiCo is committed to investing in a healthier future for people and our planet, including respecting, supporting and investing in the local communities where the company operates. PepsiCo calls this commitment “Performance with Purpose.”

PepsiCo is an active member of the World Economic Forum’s ‘Grow Asia’ initiative and the ‘New Vision for Agriculture’. ‘Grow Asia’ is a multi-stakeholder initiative that promotes inclusive and sustainable agricultural growth, especially focusing on smallholder farmer development, food security, and environmental sustainability of agriculture. PFVC leads the fruit and vegetable working group of ‘Grow Asia’ in Vietnam. Through this group, PFVC has been able to introduce their farmers to best practices in sustainably improving crop yields and the quality of their potatoes.

About PepsiCo

PepsiCo products are enjoyed by consumers one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $66 billion in net revenue in 2013, driven by a complementary food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. PepsiCo’s product portfolio includes a wide range of enjoyable foods and beverages, including 22 brands that generate more than $1 billion each in estimated annual retail sales.

At the heart of PepsiCo is Performance with Purpose our goal to deliver top-tier financial performance while creating sustainable growth in shareholder value. In practice, Performance with Purpose means providing a wide range of foods and beverages from treats to healthy eats; finding innovative ways to minimize our impact on the environment and reduce our operating costs; providing a safe and inclusive workplace for our employees globally; and respecting, supporting and investing in the local communities where we operate. For more information, visitwww.pepsico.com.

Contacts:

Ben Eavis
Office: +65-6361-9212
Email:
ben.eavis@pepsico.com

Photo – http://photos.prnasia.com/prnh/20141003/8521405779

Written by asiafreshnews

October 8, 2014 at 5:30 pm

How Solution Providers Can Capture the North American Terminal Automation Market

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— Integrated solutions and data management offer most valuable advantages to end-users

MOUNTAIN VIEW, Calif. /PRNewswire/ — An increase in oil and gas (O&G) production in North America is expected to spur investments in new terminal infrastructure and further enforce modernization and retrofit additions in existing chemical terminals. While the rise in brownfield projects will allow for more diversified product portfolios for terminal automation, including field devices, controllers and software, the development of greenfield terminals will boost demand for custom terminal automation systems that streamline operational activities, custody transfers and inventory management. However, the North American terminal automation market is likely to witness a slow compound annual growth of 5.5 percent from 2013-2020 as capital expenditure for automation is lower than for upstream exploration and downstream refinery operations.

Integrated solutions and data management offer most valuable advantages to end-users.
Integrated solutions and data management offer most valuable advantages to end-users.

Photo – http://photos.prnewswire.com/prnh/20140806/134108

New analysis from Frost & Sullivan, Analysis of the North American Terminal Automation Market, finds that the market earned revenues of $110.5 million in 2013 and estimates this to reach $160.4 million in 2020. The study covers solutions used to automate terminal operations in the O&G, industrial (chemical and petrochemical) and biofuel industries.

For complimentary access to more information to this research, please visit: http://bit.ly/1kmKbk7.

Compared to other components in the O&G and chemical value chain, growth of automation in terminals lags behind as customers do not have a clear-cut business case to justify return on investment. A key area that solution providers can potentially target is data management for business applications, as otherwise, maintaining a local server at terminals incurs high costs.

“The advent of cloud-based technologies provides end users a cost-effective way to monitor business applications such as certification, transaction management and loading operations while still using an on-premise model for mission critical applications,” said Frost & Sullivan Industrial Automation and Process Control Senior Research Analyst Rahul Vijayaraghavan. “Therefore, the software and services market is expected to offer greater opportunities than the commoditized hardware segment as end users look to outsource their in-house engineering capabilities.”

To keep pace with this trend, solution providers are improving after-sales support and adding new rail and pipeline management tools to its existing software platforms. Custom-specific applications for varying terminal requirements are also making inroads in the market.

In addition, the integration of rail loading and unloading operations at the terminal, which includes utilizing various components such as real-time locating systems, global positioning satellites, ocular character recognition, and radio frequency identification, will become a standard in terminal automation systems.

“The North American terminal automation market is moving toward integrated packaged solutions that cater to application-specific requirements of terminal end users,” noted Vijayaraghavan. “Centralized control and operations of all activity inside the terminal will improve efficiency and further strengthen the grounds for automation uptake in North American terminals.”

Analysis of the North American Terminal Automation Market is part of the Industrial Automation & Process Control (http://www.industrialautomation.frost.com) Growth Partnership Service program. Frost & Sullivan’s related studies include: Analysis of Global Automation and Control Systems (ACS) Market in the Upstream Oil and Gas (O&G) Industry, Automation Opportunities in the United States for the Upstream Tight Oil Market, Changing Tides in Offshore Oil and Gas Production: Subsea Automation Opportunities at the Ocean Floor, Automation Modernization Opportunities in the US Refinery Market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us:     Start the discussion

Join Us:           Join our community

Subscribe:       Newsletter on “the next big thing”

Register:         Gain access to visionary innovation

Analysis of the North American Terminal Automation Market
ND84-10

Contact:
Ariel Brown
Corporate Communications – North America
P: +1 (210) 247.2481
F: +1 (210) 348.1003
E: ariel.brown@frost.com

Twitter: @Frost_Sullivan
Facebook: Frost & Sullivan
LinkedIn: Industrial Automation & Process Control Forum

http://www.frost.com

Source: Frost & Sullivan

Written by asiafreshnews

August 8, 2014 at 2:10 pm

Frost & Sullivan: Increased Conventional and Unconventional O&G Explorations Drive New Investments in Latin American Positive Displacement Pump Market

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— Brand awareness campaigns and training programs on the applications of positive displacement pumps are vital for market success

BUENOS AIRES, Argentina /PRNewswire/ — Strong investment in the oil and gas (O&G) and petrochemical industries in Latin America is fueling the demand for positive displacement pumps in the region. The development of the infrastructure and food and beverage manufacturing industries to meet the accommodation and consumption needs of the expanding population, is also adding momentum to the market.

Oil Platform
Oil Platform

Photo – http://photos.prnewswire.com/prnh/20140729/130811

New analysis from Frost & Sullivan, Analysis of the Latin American Positive Displacement Pump Market, finds that the market earned revenues of $464.5 million in 2013 and estimates this to reach $626.7 million in 2020. Although Latin America’s gross domestic product is expected to decelerate to an average of three to four percent, the demand for positive displacement pumps will grow at a compound annual growth rate of 4.4 percent mainly due to new applications in the O&G and petrochemical industries. The study covers rotary, reciprocating and peristaltic pumps.

“With the mining industry in Latin America garnering major interest from state governments and international companies, opportunities for positive displacement pump manufacturers are also emerging in this space,” said Frost & Sullivan Industrial Automation & Process Control Research Analyst Aida Paola Conti.

However, the price sensitivity of end users and their limited awareness on the advantages of positive displacement pumps and alternative technologies have been major obstacles to market development. In addition, the unstable economic condition in some leading Latin American countries has dampened consumer confidence and led to project delays. Along with the expected decrease in foreign direct investment, these factors are challenging positive displacement pump manufacturers.

“In this scenario, successful brand awareness campaigns are critical to gain market acceptance and differentiate products from the competition,” stated Conti. “Training programs on the current and new applications of positive displacement pumps are also important to attract end users across Latin America.”

For more information on this study, please email Francesca Valente, Corporate Communications, atfrancesca.valente@frost.com.

Analysis of the Latin American Positive Displacement Pump Market is part of the Industrial Automation & Process Control (http://www.industrialautomation.frost.com) Growth Partnership Service program. Frost & Sullivan’s related studies include: Global Sanitary Pump Market in the Food and Beverage Industry, Global Pumps Market in the Chemicals Industry, Pumps and Valves in the North American Shale Industry, and Global Metering Pump Market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us:     Start the discussion

Join Us:           Join our community

Subscribe:       Newsletter on “the next big thing”

Register:         Gain access to visionary innovation

Analysis of the Latin American Positive Displacement Pump Market
ND7F-10

Contact:
Francesca Valente
Corporate Communications — Latin America
P: +54-11-4777-5300
F: +54-11-4777-5300
E: francesca.valente@frost.com

http://www.frost.com

Photo – http://photos.prnasia.com/prnh/20140730/8521404291

Source: Frost & Sullivan

Written by asiafreshnews

July 31, 2014 at 7:19 pm

CNH Industrial Inaugurates New Agricultural Equipment Manufacturing Complex in China

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— CNH Industrial celebrated today the opening of its new manufacturing complex in Harbin, in Heilongjiang Province. It is the largest agricultural equipment production plant in Northeast China and will produce a complete line of products under its Case IH and New Holland Agriculture brands to support the Country’s agricultural needs, and the full cycle of corn, wheat, soybean and hay production.

HARBIN, China /PRNewswire/ — CNH Industrial inaugurated its new manufacturing complex built in the area of its previous assembly plant in Heilongjiang Province, China. The biggest agricultural equipment manufacturing facility in Northeast China, the complex extends over a total area of 400,000 square meters of which 116,000 are covered. The vertically integrated manufacturing complex features the latest technology in fabrication and two state-of-the-art painting facilities. Automated Guided Vehicles (AGVs) are utilized for the assembly and testing of the finished products to guarantee the highest quality standards. Within the complex is a Customer Center with a spacious showroom to support dealers. In addition a Research & Development Center with a dedicated outdoor test track opened in September 2013 and houses the engineering team tasked with designing components and adaptations for the domestic market. These facilities are complemented by the nearby spare parts depot and Training Center.

The new manufacturing plant will produce a wide range of product lines: planters, tractors, combine harvesters and corn pickers with their headers, balers and hay tools. Its production will include a complete line of equipment for the mechanization of the full cycle of corn, wheat, soybean and hay production. Among its products will be the legendary Case IH Axial-Flow combine range adapted for local conditions and Case IH corn pickers entirely developed for the Chinese market, as well as the award winning New Holland T6000 and T7000 tractor ranges and BC5000 balers.

Richard Tobin, CEO of CNH Industrial, commented, “CNH Industrial has a strong and long standing relationship with China. Through our agricultural equipment brands we have been present in this country for more than 100 years, supporting the mechanization of its agriculture and gaining leading positions in the market for high horsepower tractors, large combine harvesters, cotton pickers, sugar cane harvesters and balers. Our new manufacturing complex here in Harbin represents an investment of over USD $100 Million and its inauguration marks an important milestone that confirms our commitment to the development of Chinese agriculture.”

CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) is a global leader in the capital goods sector with established industrial experience, a wide range of products and a worldwide presence. Each of the individual brands belonging to the Company is a major international force in its specific industrial sector: Case IH, New Holland Agriculture and Steyr for tractors and agricultural machinery; Case and New Holland Construction for earth moving equipment; Iveco for commercial vehicles; Iveco Bus and Heuliez Bus for buses and coaches; Iveco Astra for quarry and construction vehicles; Magirus for firefighting vehicles; Iveco Defence Vehicles for defence and civil protection; and FPT Industrial for engines and transmissions. More information can be found on the corporate website: www.cnhindustrial.com

For more information contact:

Asia Pacific Press Office
Tel: +39 011 008 6346
Email: media.apac@cnhind.com

Source: CNH Industrial

Written by asiafreshnews

July 30, 2014 at 2:15 pm

Posted in Environment, Metalwork

Asian Paper is Going to Indonesia!

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SINGAPORE /PRNewswire/ — The organiser of Asian Paper, UBM Media (Singapore) Pte Ltd is answering the call to advance the show into Indonesiaas its latest addition to the portfolio, due to popular demand and strong market responses!

2

Alternating its host country between Thailand and Indonesia, the 13th edition of Asian Paper is slated on 28-30 April at Jakarta International Expo (JI Expo), Indonesia, followed by Asian Paper Bangkok in 2016, which will take place on 25-27 May at the Bangkok International Trade and Exhibition Centre (BITEC), Thailand, making Asian Paper an annual pulp, paper and board event.

With a 6% GDP growth, and 40kg of paper and board consumption per person 1annually, Indonesia ranks as the top 10 largest pulp producers and the 11th largest paper producer in the world, boasting of 80 paper and board producers and 5 pulp mills within its islands.

As the largest ASEAN pulp, paper and board event, Asian Paper Jakarta 2015 will incorporate a comprehensive range of New Product Technology (and paper machinery), and a Paper Products Fair highlighting a wide variety of paper products. Esteemed suppliers of specialty paper, packaging and board suppliers, amongst others are expected to join the extensive list of exhibitors.

Asian Paper’s highly profiled New Applied Technology (NAT) Conference will be held in parallel with the exhibition, focusing on strategic discussions on the industry’s latest technical applications. This must-attend conference provides additional platform for attendees to exchange ideas and network with industry experts from the Pulp, Paper and Board industry.

Plans for country pavilions — by China, Finland, France, India and others — to be represented at Asian Paper Jakarta 2015 are in discussion with the relevant representatives. The planning for a new Nanotechnology Pavilion is also in progress — showcasing its importance, especially in terms of revitalising the paper-making process to be effectively sustainable, amazingly durable (think antibacterial, waterproof, magnetic and even fluorescent) and bringing about multiple enhancements for people and the environment.

To top it off, Asian Paper Jakarta 2015 will also launch the Business Matching Programme, Hosted Buyer Programme, and VIP Programme as well as arrange for a Mill Visit Day to enable the fair’s attendees to reap more benefit from the 3 days event.

Exhibition space is limited and offered on a first-come first-served basis. For more information on Asian Paper, please visit www.asianpapershow.com.

Website: www.ubmasia.com.sg

 

Logo – http://photos.prnasia.com/prnh/20140724/8521404202LOGO

Logo – http://www.prnasia.com/sa/2010/04/19/20100419602891.jpg

Source: Asian Paper Jakarta 2015

Written by asiafreshnews

July 30, 2014 at 12:33 pm

The Expedia group Announces Agreement To Acquire Wotif Group

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— Adds Asia-Pacific Portfolio to Collection of Travel’s Most Trusted Brands

BELLEVUE, Washington and BRISBANE, Australia /PRNewswire/ — The Expedia group (NASDAQ: EXPE) today announced that it entered into an agreement to acquire Wotif.com Holdings Limited (Wotif Group) (ASX: WTF), an Australian-based online travel company, for total cash consideration of A$703 million or A$3.30 per share – a premium of approximately 30% to Wotif Group’s volume weighted average share price for the five trading days leading up to and including July 4, 2014 (equivalent to US$658 million or US$3.09 per share based on July 4, 2014 exchange rates).

“Wotif Group is well positioned in the Asia-Pacific region with a portfolio of leading travel brands,” said Dara Khosrowshahi, President and Chief Executive Officer, the Expedia group. “This acquisition will allow both companies to continue driving growth opportunities by leveraging the unique strengths each brings to the table. Wotif Group will add to our collection of travel’s most trusted brands and enhance our Asia-Pacific supply, while Expedia will expose Wotif Group’s customers to our extensive global supply and world-class technology,” Khosrowshahi added.

Wotif Group operates online travel brands in the Asia-Pacific region including, Wotif.com, lastminute.com.au, travel.com.au, Asia Web Direct, LateStays.com, GoDo.com.au and Arnold Travel Technology. Wotif Group recorded A$593 million in gross bookings (total transaction value) and A$76 million in revenue, in addition to generating 3.2 million room nights, during the six months ended December 31, 2013. Its multi-product portfolio focuses primarily on hotel and air, offering consumers more than 29,000 bookable properties in destinations around the world.

“Joining Expedia allows us to rapidly advance two of our strategic initiatives – strengthening offshore supply and improving our customer and supplier value propositions through enhanced technology,” said Scott Blume, Managing Director and Chief Executive Officer of Wotif Group. “We believe this will help solidify our position as the premier travel brand in Australia and New Zealand, grow our business across the Asia-Pacific region and increase our exposure and brand awareness to inbound international travellers,” added Blume.

The completion of the acquisition is subject to approval by the shareholders of Wotif.com Holdings Limited and other customary closing conditions, including applicable regulatory approvals. Subject to receipt of such approvals, the transaction is expected to close during the fourth quarter of 2014.

Forward-Looking Statements
This release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance. These forward-looking statements are based on Expedia, Inc.(“Expedia”) or Wotif.com Holdings Limited (“Wotif Group”), as appropriate, management’s expectations as of the date hereof and assumptions which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Any statements that are not statements of historical fact (including statements containing the words “will,” “allow,” “believe,” “expects” or variations of such words, or similar expressions, or other comparable terminology) should also be considered forward-looking statements. Similarly, statements herein regarding the consummation and future impact of the Wotif Group transaction and other statements of Expedia or Wotif Group management’s beliefs, intentions or goals are also forward-looking statements. It is uncertain whether any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what impact they will have on Expedia’s results of operations, financial condition or the price of its stock. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those indicated in such forward-looking statements, including but not limited to the possibility that (i) we may be unable to obtain regulatory approvals required for the proposed transaction or may be required to accept conditions that could reduce the anticipated benefits of the transaction, (ii) we may not receive approval by the shareholders of Wotif Group, (iii) the time required to consummate the proposed transaction may be longer than anticipated, (iv) the proposed transaction may involve unexpected costs, (v) the businesses may suffer as a result of uncertainty surrounding the proposed transaction, and (vi) the parties may be unable to meet expectations regarding the timing, completion and accounting and tax treatments of the transaction, as well as other risks and important factors detailed in our public filings with the SEC, including our annual report on Form 10-K for the year ended December 31, 2013 and subsequent quarterly reports on Form 10-Q. Except as required by law, we undertake no obligation to update any forward-looking or other statements in this release, whether as a result of new information, future events or otherwise.

About the Expedia group
The Expedia group is one of the world’s largest travel companies, with an extensive brand portfolio that includes leading online travel brands, such as:

  • Expedia.com®, the world’s largest full service online travel agency, with localized sites in 31 countries
  • Hotels.com®, the hotel specialist with sites in more than 60 countries
  • Hotwire®, a leading discount travel site that offers opaque deals in 12 countries throughout North America, Europe and Asia
  • Egencia®, the world’s fifth largest corporate travel management company
  • eLong™, the second largest online travel company in China
  • Venere.com™, the online hotel reservation specialist in Europe
  • trivago®, a leading online hotel metasearch company with sites in 45 countries
  • Expedia Local Expert®, a provider of online and in-market concierge services, activities and experiences in hundreds of destinations worldwide
  • Classic Vacations®, a top luxury travel specialist
  • Expedia® CruiseShipCenters®, one of North America’s leading retail cruise vacation experts
  • CarRentals.com, the premier car rental booking company on the web.

The company delivers consumers value in leisure and business travel, drives incremental demand and direct bookings to travel suppliers, and provides advertisers the opportunity to reach a highly valuable audience of in-market consumers through Expedia Media Solutions. Expedia also powers bookings for some of the world’s leading airlines and hotels, top consumer brands, high traffic websites, and thousands of active affiliates through Expedia® Affiliate Network. For corporate and industry news and views, visit us at www.expediainc.comor follow us on Twitter @expediainc.

Trademarks and logos are the property of their respective owners.  © 2014 Expedia, Inc.  All rights reserved.  CST: 2029030-50

About Wotif.com Holdings Limited
Wotif Group operates leading online travel brands in the Asia Pacific region: Wotif.com, lastminute.com.au, travel.com.au, Asia Web Direct, LateStays.com, GoDo.com.au and Arnold Travel Technology, and a network of other travel content and destination websites, such as Phuket.com and Bangkok.com. Wotif.com launched in 2000, and listed on the Australian Securities Exchange in June 2006 as Wotif.com Holdings Limited, trading under the ASX code “WTF”. The Company has offices in Australia, including its head office in Brisbane, with additional offices in China, Indonesia, Malaysia, New Zealand, Singapore, Thailand, the United Kingdom and Vietnam. For more information, visit www.wotifgroup.com.

Source: The Expedia group

Related stocks: Australia:WTF NASDAQ-NMS:EXPE

Written by asiafreshnews

July 8, 2014 at 10:51 am

Sasol, ENH and Eni Announce Pre-Feasibility Study for Large-Scale Gas-to-Liquids Facility in Mozambique

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JOHANNESBURG /PRNewswire/ —

 

Today, Sasol Limited (Sasol) announced a joint pre-feasibility study for a large-scale gas-to-liquids (GTL) plant, which will be based on gas from the Rovuma Basin in Northern Mozambique. The study, which is being conducted in conjunction with Mozambique’s national oil company, Empresa Nacional de Hidrocarbonetos (ENH) and Italian multinational, Eni, will assess the viability and benefits of such a plant to the region.

The announcement comes as Sasol celebrates a decade of gas infrastructure development and value-add inMozambique, which, in turn, has contributed to the country and the region’s economic growth and advancement. Sasol’s in-country experience, an extensive market distribution footprint in the region and proven GTL expertise, place the company in a strong position to develop the country’s first GTL facility, depending on the results of the study.

Eni is operator of the block called Area 4 in the deep waters of the Rovuma Basin, which is estimated to hold up to 85 trillion cubic feet of gas.

“The proposed GTL facility firmly aligns with Mozambique’s Gas Master Plan goals, and, if successful, will go some way to accelerate socio-economic development in the country and the broader region. Our GTL aspirations highlight our commitment to partnering with the Mozambican government and Eni in the responsible development of the country’s natural resources,” said David Constable, Chief Executive Officer, Sasol Limited.

Forward-looking statements: Sasol may, in this document, make certain statements that are not historical facts and relate to analyses and other information which are based on forecasts of future results and estimates of amounts not yet determinable. These statements may also relate to our future prospects, developments and business strategies. Examples of such forward-looking statements include, but are not limited to, statements regarding exchange rate fluctuations, volume growth, increases in market share, total shareholder return and cost reductions. Words such as “believe”, “anticipate”, “expect”, “intend”, “seek”, “will”, “plan”, “could”, “may”, “endeavour” and “project” and similar expressions are intended to identify such forward-looking statements, but are not the exclusive means of identifying such statements. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and there are risks that the predictions, forecasts, projections and other forward-looking statements will not be achieved. If one or more of these risks materialise, or should underlying assumptions prove incorrect, our actual results may differ materially from those anticipated. You should understand that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors are discussed more fully in our most recent annual report under the Securities Exchange Act of 1934 on Form 20-F filed on 9 October 2013 and in other filings with the United States Securities and Exchange Commission. The list of factors discussed therein is not exhaustive; when relying on forward-looking statements to make investment decisions, you should carefully consider both these factors and other uncertainties and events. Forward-looking statements apply only as of the date on which they are made, and we do not undertake any obligation to update or revise any of them, whether as a result of new information, future events or otherwise.

About Sasol:

Committed to excellence in all we do, Sasol is an international integrated energy and chemical company that leverages the talent and expertise of our more than 34 000 people working in 37 countries. We develop and commercialise technologies, and build and operate world-scale facilities to produce a range of product streams, including liquid fuels, high-value chemicals and low-carbon electricity.

While remaining committed to our home-base of South Africa, Sasol is expanding internationally based on a unique value proposition.

Issued by:

Alex Anderson, Group Media Manager
Direct telephone +27(11)441-3295; Mobile +27(0)71-600-9605;
alex.anderson@sasol.com

Jacqui O’Sullivan, GM: Group Communication
Direct telephone +27(11)441-3252; Mobile +27(0)82-883-9697;
jacqui.osullivan@sasol.com

Source: Sasol

Written by asiafreshnews

July 7, 2014 at 11:28 am