Tag: MCT

Fashion HOU

Hublot unveils the Big Bang Unico Full Magic Gold: The World’s Only Scratch-Resistant Gold Watch

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– It’s the most scratch-resistant massive gold watch ever created: A gold that can only be altered by diamonds

– In celebration of the 10th Anniversary of the iconic Big Bang, Hublot reveals today, one week before Baselworld, the Big Bang Unico Full Magic Gold.

NEW YORK, March 11, 2015 /PRNewswire/ — It is the perfect fusion of respect for tradition and 21st century creativity. The fusion of a revolutionary material – the famous Magic Gold, which is the world’s only scratch-resistant gold, certified as 18K and developed by Hublot – and the iconic design of the BIG BANG, with its Manufacture Chrono: the UNICO.

Photo – http://photos.prnewswire.com/prnh/20150310/180773

Ricardo Guadalupe, CEO of Hublot, declared: “The fusion of materials is in Hublot’s DNA. Four years ago, Hublot created Magic Gold, the only scratch-resistant gold in the world. Still today, Hublot is the only brand to offer this material, whose hardness is close to 1,000 Vickers, more than twice that of ‘standard’ 18 carat gold, which only reaches 400 Vickers.“

The Magic Gold is a noble material protected by patents, certified as 18 carats by the Central Office for Precious Metals Control, and developed by Hublot in Switzerland alongside the prestigious EPFL (Swiss Federal Institute of Technology), several months of fine-tuning took place in the manufacture to machine the famous alloy.

Since November 2011, when Magic Gold was unveiled to the world’s press, Hublot has equipped itself with the means to produce this material in-house from start to finish thanks to its high-tech foundry at the Nyon Manufacture, which is home to the ceramic sintering and high-pressure metal casting processes.

As you are probably already aware, this revolutionary material is a fusion of 24 carat gold (nature’s ultimate noble material) and the latest high-tech materials expertise. Components made from this material are produced using a complex process: A boron carbide powder is pre-formed in moulds very similar in shape to that of the finished parts, in this case the watch’s bezel. The pre-formed powder is then hardened at a very high temperature, creating a rigid, porous structure. After this operation, 24K gold alloyed with 3% molten liquid gold is injected under very high pressure with inert gas at a high temperature, allowing the metal to fill the ceramic pores and creating a “fusion” of the two to produce Magic Gold.

Almost three years of collaboration and research have gone into achieving this impressive result: a completely new type of gold, an almost inalterable precious metal which retains its own characteristics. The first watches made from Magic Gold were presented at BaselWorld2012 in a very limited Big Bang Ferrari edition which reflected the shared DNA of the 2 brands: Exclusivity, innovation and technology.

LINK TO IMAGES: http://bit.ly/1C3XPRN

www.hublot.com

Economy

Honeywell’s UOP Technology Selected to Clean Offshore Natural Gas in the United Kingdom

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Gas treating technology includes first membrane-based system on a Floating Production, Storage and Offloading (FPSO) vessel in the North Sea

JAKARTA, Aug. 22, 2014 /PRNewswire/ — UOP LLC, a Honeywell (NYSE: HON) company, announced today that it has been selected by BW Offshore to remove contaminants from natural gas aboard a new Floating Production, Storage and Offloading (FPSO) vessel off the coast of Scotland.

The vessel, which will be leased to Premier Oil, will include a UOP SeparexTM Membrane System to remove carbon dioxide. While the technology has been successfully used elsewhere, this will be the first FPSO in the North Sea to use a membrane-based treatment system. UOP guard bed adsorbents will also be used to remove mercury and hydrogen sulfide. These contaminants must be removed to meet export and end-user specifications, and to protect downstream equipment.

Vast quantities of recoverable natural gas lie under the Earth’s oceans. Accessing, treating and recovering these natural resources can be challenging due to ocean movement, environmental regulations, and space and resource constraints on offshore production facilities. 

“UOP is continually innovating to create lightweight, compact, chemical-free equipment that is ideal for complex offshore gas environment,” said Rebecca Liebert, senior vice president and general manager of Honeywell’s UOP Gas Processing and Hydrogen business unit. “By integrating UOP Separex membrane technology and guard bed adsorbents into a single system, we are able to create a solution that improves gas processing efficiency while reducing operating costs for FPSO operators.”

Scheduled for start-up in 2017, BW Offshore’s FPSO will be located approximately 125 miles east of Aberdeen, Scotland, in the Catcher oil field, in which Premier Oil has a 50 percent operating interest. It will have a processing capacity of 60,000 barrels per day of oil and a storage capacity of 650,000 barrels.

UOP Separex technology upgrades natural gas streams by removing carbon dioxide and water vapor. These contaminants must be removed to meet the quality standards specified by pipeline transmission and distribution companies as well as natural gas end users. Decades of operation in natural gas service have demonstrated that Separex membranes are the most robust for natural gas service and can achieve the longest membrane life in the industry. They eliminate the need for solvents, which could spill and damage the marine ecosystem. To date, more than 130 of UOP’s membrane systems have been installed worldwide.

UOP guard bed adsorbents allow the removal of trace amounts of sulfur or mercury. These high-loading metal oxide adsorbents provide reliable protection for downstream equipment and consistently meet pipeline gas specifications, with no moving parts and no operator intervention.

Honeywell offers a broad range of technologies for natural gas production, processing and transportation. Its UOP Gas Processing and Hydrogen business has supplied technology to more than 3,600 individual process units for gas processing in a broad range of applications throughout the world. The business offers technology, equipment and materials to treat and process natural gas, and to purify hydrogen used in refineries. Its gas technologies extract contaminants such as water, mercury, sulfur and carbon dioxide from raw natural gas. UOP also offers technologies to recover natural gas liquids (NGLs). UOP gas processing solutions are offered as efficient pre-engineered equipment packages or licensed technology.

Honeywell Process Solutions provides advanced automation, monitoring, safety and security systems for the entire gas supply chain to help operators increase plant reliability and efficiency, while reducing costs and risk.

BW Offshore is a leading global provider of floating production services to the oil and gas industry. BW Offshore is the world’s second largest contractor of its kind with a fleet of 14 FPSOs and one Floating Storage and Offloading unit represented in all major oil regions worldwide.

Premier Oil plc is a leading independent exploration and production company with oil and gas interests in the North Sea, South East Asia, Pakistan and the Falkland Islands, as well as exploration interests in Brazil, Iraq and Kenya.

Economy

Messer’s Combustion Technology Helps Improve Energy Efficiency and Emissions Reduction

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SHANGHAI, Aug. 18, 2014 /PRNewswire/ — Messer, the German expert in oxy-fuel combustion technology, has recently signed contracts with more than 10 manufacturers in the fields of glass, scrap copper, frit and rockwool to provide its oxy-fuel solution. The tailor-made solution helps to reduce fuel consumption as well as to significantly decrease emissions.

With the Chinese government continuously tightening the policies on energy efficiency and emission reductions, manufacturers are facing big challenges and require cost efficient solutions. Messer’s oxy-fuel solution utilizes oxygen firing to replace conventional air firing, bringing the customers considerable environment and economic benefits.

CDGM Glass Co., Ltd., one of the largest optical glass manufacturers in China, has adopted Messer’s technology to improve its furnace combustion technology, resulting in a 60 percent reduction in fuel consumption. Chengdu Yingfeng Copper Co., Ltd. , a leader in scrap copper recycling in Sichuan province, not only reduced its energy consumption by 60 percent but also decreased its exhaust emissions by up to 80 percent with Messer’s oxy-fuel technology. In the frit field, Messer helped Lifa Frit Technology Co., Ltd., a well-known frit manufacturer in Hunan province, to achieve a 50 percent saving in fuel consumption as well as an 85 percent reduction in exhaust emissions.

“Messer’s patented oxy-fuel burner is an advantage that our customers are interested,” said Davor Spoljaric, Application Director of Messer Group, Metallurgy and Combustion. “Compared with our competitors, Messer’s burner is tailored case-by-case according to the different products and different furnaces of the customers. The special flame of the burner can not only help to save energy but also protect the inner wall of the furnace. In addition, the controlling system is designed based on the European safety standards and years of practice. It proves to be safe, reliable and easy to operate.”

Messer, with a rich history of more than 100 years of expertise in industrial gas, has dedicated in combustion technology for dozens of years. In its R&D centre for metallurgy and combustion technology in Austria, Messer is continuously improving its application technologies according to the customers’ needs. In each customer case in China, Messer’s Chinese technical team cooperates closely with its European experts to provide a complete solution, including the project planning, computational simulation, commissioning and optimization, maintenance and training.

About Messer

Messer is one of the leading industrial gas companies. Messer employs around 5,400 people in over 60 locations in more than 30 countries. Messer started investing in China in the middle of 1990s and so far has 22 companies located in Shanghai, Jiangsu, Zhejiang, Hunan, Guangdong, Fujian, Sichuan, Chongqing and Yunnan provinces with a total investment of $1,000 million. Headquartered in Shanghai, Messer China has nearly 2,000 employees. The steady and successful developments have allowed Messer to join the ranks of the major foreign industrial gas providers in China. From acetylene to xenon, the Messer Group has one of the most diverse product portfolios on the market – it produces industrial gases such as oxygen, nitrogen, argon, carbon dioxide, hydrogen, helium, shielding gases for welding, specialty gases, medical gases and many different gas mixtures.

For more details about Messer, please visit http://www.messergroup.cn or http://www.messergroup.com.

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General PUB WRK

Frost & Sullivan: Industrialization Fortifies Safety Culture and Demand for Mining PPE in Emerging Countries

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— Cost optimization, product adaptation to regional needs, and lean manufacturing essential for PPE companies to penetrate these markets

MOUNTAIN VIEW, Calif., Aug. 6, 2014 /PRNewswire/ — The recovery of the mining industry following industrialization in emerging economies and investments in mining to support the demand for metals and commodities have brightened prospects in personal protective equipment (PPE) globally. Multinational mining companies bring with them a strong safety culture, which trickles down to the small companies and service contractors, in turn, enhancing the uptake of PPE in developing nations.

Logo – http://photos.prnewswire.com/prnh/20140805/133704

Additionally, regulatory authorities such as the Mine Safety and Health Administration (MSHA) have publicized several fatal and non-fatal accidents in mines further affirming the importance of safety and PPE usage.

New analysis from Frost & Sullivan, Analysis of the Global Mining Industry PPE Market, finds that the market earned revenue of more than $2.26 billion in 2013 and estimates this to reach $2.78 billion in 2018. Product segments covered in this study are above-the-neck and respiratory protection, protective gloves, workwear, protective footwear, fall protection and gas detectors.

For complimentary access to more information to this research, please visit: http://bit.ly/1v6ZthG.

The mining industry is likely to remain an important end-user sector for the PPE market globally due to its high level of occupational hazards. However, developing countries currently lack proper regulatory enforcement. For instance, most Southern African countries have no specific PPE legislation for the workplace, and implementation of existing laws is neither strict nor continuous.

Additionally, environmental concerns related to greenhouse gas emissions have caused countries in the US and parts of Europe to increase use of green energy sources and biofuels. Government subsidies for green energy adoption have constricted coal mining budgets in turn hampering PPE demand.

“As developed markets are relatively mature for mining PPE, growth is expected to be driven by the emerging economies of China, India, CEE, Africa and Latin America,” said Frost & Sullivan Chemicals, Materials & Food Senior Research Analyst Aparna Balasubramanian. “China accounts for approximately 50 percent of global mining employment, which makes it a significant market for mining PPE.”

The market situation is expected to change with increasing safety awareness among employers. This translates to higher need for training and therefore, manufacturers will have to develop competence in this area.

Participants can gain an advantage by establishing broad distribution networks. They can set themselves apart and optimally tap market opportunities through price competitiveness, timely product delivery to remote mine sites, as well as by offering technical assistance and superior customer service.

“Cost optimization, product adaptation to regional market needs, and lean manufacturing are essential for global companies to gain penetration in fast-growing emerging markets,” noted Balasubramanian. “Multi-product offerings and close customer interactions are the other key competitive factors that could entrench them in the market.”

Analysis of the Global Mining Industry PPE Market is part of the Materials (http://www.chemicals.frost.com) Growth Partnership Service program. Frost & Sullivan’s related studies include: Strategic Analysis of the Western European Above-the-neck PPE Market, Strategic Analysis of the North American Above-the-neck Personal Protective Equipment Market, Analysis of the Western European Protective Footwear Market, among others. 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

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Analysis of the Global Mining Industry PPE Market
ND3E-39

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
Join our Forum on LinkedIn: Future of Chemicals

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Economy

Manufacturing Leaders Announce New ‘Critical Issues’ Agenda

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MOUNTAIN VIEW, California, July 31, 2014 /PRNewswire/ — Frost & Sullivan’s Manufacturing Leadership Council, the global business network for senior industrial executives, has established a new Critical Issues Agenda for manufacturing for 2014 to 2015.

The Council has focused the new agenda around six critical issues with strong emphasis on new product innovation and collaborative customer-centric cultures; key transformative technologies including Big Data and analytics, the Internet of Things and digital manufacturing; the need for new approaches to employee engagement to attract and develop the next generation of manufacturing leaders; harnessing the potential of public and private partnerships to drive innovation and growth; and the rising importance of sustainability and social responsibility practices to the industry’s future.

“The Council’s Critical Issues Agenda is a mirror reflection of the most important business and technology issues facing industry today,” said David R. Brousell, Global Vice President and Editorial Director of the Manufacturing Leadership Council. “It also represents the Council’s core mission of bringing together executives from all sectors of manufacturing in a common purpose to address these issues for their own companies, as well as for the industry at large.”

The 2014/2015 Critical Issues Agenda includes:

  • Factories of the Future
    Focus:
    • The Internet of Things on the plant floor
    • 3D Printing and emerging production technologies
    • Digital manufacturing
  • The Innovative Enterprise
    Focus:
    • New product innovation, open collaboration and crowdsourcing
    • Customer-centric supply chain innovation
    • Business model innovation
  • Manufacturing Advocacy
    Focus:
    • Public and private partnerships, especially between industry and education
    • Global manufacturing sector growth, outlook, and future prospects
  • Next Generation Leadership and the Changing Workforce
    Focus:
    • Leadership best practices, effective collaborative decision-making
    • Employee engagement with diverse, multi-generational, multi-cultural and multinational workforces
    • Skills gap, education, apprenticeships and attracting tomorrow’s workforce
  • Sustainability
    Focus:
    • Financial and competitive benefits of sustainability leadership
    • Emphasis on social and corporate responsibility
  • Transformative Technologies
    Focus:
    • Big Data and predictive analytics
    • Internet of Things / Industrial Internet / Industry 4.0
    • Cybersecurity

The council’s annual Critical Issues Agenda is the result of a unique member-driven process that identifies the most urgent and important issues facing the global manufacturing industry in the year ahead. It is based on extensive consultation with more than 100 senior executive members of the Manufacturing Leadership Council and Board of Governors.

The new Critical Issues Agenda also establishes the Manufacturing Leadership Council’s strategic plan for the year, directly influencing all major elements of the Council’s product and services portfolio over the next twelve months.

For more details of the new Critical Issues Agenda, please visit: http://bit.ly/1tmjSxn.

For information about the Manufacturing Leadership Council visit: www.MLCouncil.com.

About the Manufacturing Leadership Council
The Manufacturing Leadership Council at Frost & Sullivan is the world’s first member-driven, global business leadership network dedicated to senior executives in the manufacturing industry. The Manufacturing Leadership Council’s mission is to help senior executives define and shape a better future for themselves, their organizations, and the industry at large. The Council offers an extensive portfolio of leadership networking, information and professional development products, programs, and services — including the Manufacturing Leadership Community Website, an online global business network of almost 7,000 members around the world; the Manufacturing Leadership Council, an invitation-only executive organization of over 120 members; the annual Manufacturing Leadership Summit; the Manufacturing Leadership Awards, celebrating industry achievement; and the thought-leading Manufacturing Leadership Journal. For more information, please visit www.MLCouncil.com

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. 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

Contact:
Ariel Brown
Corporate Communications — North America
P: 210.247.2481
F: 210.348.1003
Ariel.Brown@frost.com

www.frost.com

Economy

Stratasys Opens 3D Printing Experience Centre in Toa Payoh, Singapore

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Provides local support and serves growing needs in the South Asia and Pacific region

SINGAPORE, July 30, 2014 /PRNewswire/ — Stratasys Asia Pacific, a subsidiary of Stratasys Ltd. (NASDAQ: SSYS), a global leader of 3D printing and additive manufacturing solutions, is pleased to announce the opening of 3D Printing Experience Centre at its new office located in Toa Payoh, Singapore, providing local support to serve the growing needs in South Asia and Pacific region. The establishment signifies Stratasys’ commitment to the region, offering accessible 3D printing solutions to the market. 

The new 3D Printing Experience Centre was inaugurated on 30 July, 2014 at an exclusive grand opening event with customers, channel partners and alliance partners in attendance. Mr. Chang Chin Nam, Executive Director of Precision Engineering at the Singapore Economic Development Board (EDB), will be the Guest of Honour officiating the opening ceremony. “Singapore’s manufacturing industry needs to master disruptive technologies like additive manufacturing to strengthen its global competitiveness. The EDB will work with companies to acquire additive manufacturing capabilities to develop innovative value-added products and to build an additive manufacturing ecosystem in Singapore,” said Mr. Chang.

The Centre features Stratasys’ cutting-edge 3D printing technologies — PolyJet™ and Fused Deposition Modelling (FDM®), showcasing the full product portfolio ranging from desktop 3D printers to large, advanced 3D production systems, thus enabling designers and engineers to create models and prototypes for new product design and testing and to build finished goods in low volume. The Centre also exhibits Stratasys’ specially engineered 3D printing materials – PolyJet photopolymers and FDM thermoplastics, the most comprehensive 3D printing materials available in the industry.

“The 3D Printing Experience Centre reflects our confidence in the South Asia & Pacific region,” Ido Eylon, General Manager, South Asia, at Stratasys AP Ltd, commented. “As a leading 3D printing industry player, Stratasys recognizes the importance of implementing a global strategy in local context. Establishing a demo centre locally allows our customers to see our innovative technologies in action and realise the values and advantages of 3D printing technology. This is well aligned with our corporate vision to make 3D printing more accessible and to help customers revolutionise their product design and manufacturing processes.”

Stratasys South Asia office is located at:

988 Toa Payoh North (Industrial Estate) #07-06
Singapore 319002
T: +65-6715-1215

Stratasys Ltd. (Nasdaq:SSYS), headquartered in Minneapolis, Minnesota and Rehovot, Israel, is a leading global provider of 3D printing and additive manufacturing solutions. The company’s patented FDM® and PolyJet™ 3D Printing technologies produce prototypes and manufactured goods directly from 3D CAD files or other 3D content. Systems include 3D printers for idea development, prototyping and direct digital manufacturing. Stratasys subsidiaries include MakerBot and Solidscape, and the company operates the RedEye digital-manufacturing service. Stratasys has more than 1900 employees, holds over 550 granted or pending additive manufacturing patents globally, and has received more than 25 awards for its technology and leadership. Online at: http://www.stratasys.com or http://blog.stratasys.com.

Stratasys Media Contact

Stratasys AP
Janice Lai
Janice.lai@stratasys.com 
+852-3944-8888

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Economy

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, July 29, 2014 /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.”

Economy

EOS GmbH: 25th Anniversary, Move Into New Technology and Customer Centre at Krailling Headquarters

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KRAILLING, Germany, July 25, 2014 /PRNewswire/ —

EOS Additive manufacturing (AM) now allows industrial applications in series production

Cross reference: Picture is available via epa european press photo agency (http://www.epa.eu)

EOS, the technological and market leader in design-driven, integrated e-manufacturing solutions in the field of Additive manufacturing (AM), has now moved into its new Technology and Customer Centre in the Krailling Innovation Mile (KIM). Dr. Hans J. Langer, founder and CEO of EOS comments: “This new building represents a further milestone for EOS and is an expression of our company’s growth and success story over the last twenty-five years. We operate in a market that is highly dynamic and which offers a huge potential. In the past we almost exclusively served the area of Rapid Prototyping, whereas now, Additive Manufacturing enables industrial applications in series production. This new building gives us more space in which to grow, allowing EOS to continually adapt to new market conditions and customer segments. Moreover, the new customer centre gives us the spatial flexibility we need to allow us to jointly develop current and future application solutions in Additive Manufacturing together with our customers.”

And Christian Kirner, the company’s COO, stresses: “With a floor space of 17,000m², the building is able to accommodate an additional 300 employees, while its design follows specific architectural, spatial and workplace concepts. The architectural concept renders the three key principles of the company’s business strategy – innovation, quality and sustainability – both visible and tangible. The facility operates on the basis of an integral, sustainable energy concept. In this way, the EOS building concept already complies with the requirements of tomorrow – apt reflection of the nature of the technology offered by EOS.”

Contact:

Stephanie Cheong, Marketing Manager EOS Singapore Pte. Ltd. (phone +6564300541, e-Mail: Stephanie.cheong@eos.info), visit our website and youtubechannel.

Energy and Power

Xiwang Special Steel Establish the “Bearing Steel Research and Development Centre” with the Renowned Bearing Steel Industry Standard Setting Authoritative Institution

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HONG KONG, July 23, 2014 /PRNewswire/ — Xiwang Special Steel Company Limited (“Xiwang Special Steel” or “the Group”, HKEx: 01266) announced Shandong Xiwang Special Steel Company Limited (“Shandong Xiwang”), a wholly-owned subsidiary of the Group, has entered into a 5-year technical cooperation agreement with National Standards Drafting Unit of China Bearing Steel and the authority of bearing technology, Luoyang Bearing Research Centre Company Limited (the “Cooperation Partner”) in respect of the establishment of the “Bearing Steel Research and Development Centre”. Under the agreement, Shandong Xiwang will provide the production conditions, while the Cooperation Partner will be responsible for inspection, technical support and marketing. The Group aims at producing high-quality GCr15 bearing steel which meets the standards of Swedish SKF (Svenska Kullagerfabriken AB) and USA TMK, and the annual sales volume of GCr15 bearing steel could reach over 500,000 tonnes within five years. It is expected to form the largest high-end bearing steel production base in the north of Yangtze River region to meet the market demand for bearing steel in the near future, and increase the economic efficiency of the Group.

The robust development of the country’s strategic emerging industries has urged China to become one of the largest manufacturing countries of bearings globally, which accelerated the demand for high-quality bearing steel in the use of manufacturing industries such as heavy-duty vehicles, engineering machinery, wind power and marine vessels. Furthermore, improvement on the quality of “bearings with high-quality bearing steel” has become one of the highlights under China’s 12th Five-Year Plan. According to the “New Materials Industry Development in 12th Five-Year Plan” announced by the Chinese Government, the annual demand for high-quality bearing steel in China is expected to reach 1.8 million tonnes during the period, while the aggregate demand for bearing steel will reach 5 million tonnes, where Shandong Province takes account of 1 million tonnes of bearing steel consumption.

Although the annual domestic output of bearing steel ranks first in the world, the low-end bearing steel among which exceeds 90% of the total amount. The high-quality bearing steel used in heavy machinery industry such as aerospace, nuclear power, vehicles, high-speed rail, wind power, precision machine tools, metallurgical machinery mainly relies on imports.

In view of this, as early as in 2012, Shandong Xiwang has completed its special steel production capacity upgrade from ordinary steel to bearing steel, and completed an integrated and automated production line from steel smelting to continuous casting and steel rolling, which increased the annual production scale of steel product to 3 million tonnes. As the only special steel enterprise with mass production capacity of both bearing steel bar and wire rods products in Shandong Province, Shandong Xiwang is dedicated to accelerating the pace of product upgrades and seizing the high-quality bearing steel market. Through the collaboration with Luoyang Bearing Research Institute, Shandong Xiwang targets to further improve the research and development capacity as well as the current standard of techniques, facilities and inspection equipment of high-quality bearing steel, and enhance the quality and distribution channel of its special bearing steel. The Group aims to reach an annual output of 500.000 tonnes in its high-quality bearing steels production.

In the future, high-quality bearing steel will become Xiwang Special Steel’s major product with quality reaching international advanced level, which results in overall profitability improvement. Looking forward, the establishment of the “Bearing Steel Research and Development Centre” will facilitate Xiwang Special Steel to become the first-class special steel enterprise in China.

For enquiry, please contact:

Ms Carol Kong

Tel: (852) 2529 1387

Email: carol.kong@mphk.com

Ms Christine Chan

Tel: (852) 2529 1616

Email: christine.chan@mphk.com

Aviation

Frost & Sullivan: Optimistic Growth in Indonesia’s Machine Tools Market

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JAKARTA, Indonesia, July 9, 2014 /PRNewswire/ — Frost & Sullivan is optimistic on growth in Indonesia’s machine tools and cutting tools market due to the individual growth of the mining, power generation, automobile, aerospace & defense industry.

Mr. K Vinod Cartic, Consultant at Frost & Sullivan said that as the use of composite materials in automobile industry increases, diamond tipped tools will also grow faster vis-a-vis cemented carbide tools. Cement carbide tools are heavily used in the mining and power generation industry and steel and steel alloys are mostly used in fabrication of various components.

He also said that the use of intricate components in aerospace & defense industry is expected to promote use of high precision tools.

Mr. Cartic predicts that the machine tools and cutting tools market in Asia Pacific is likely to grow at a CAGR (compound annual growth rate) of 9.1 per cent (2012-2017), to reach revenues worth US$6.36 billion in 2017.

“Developments in infrastructure in China and India have increased the demand for machine tools and cutting tools. China became the world’s largest consumer of machine tools and cutting tools in 2002. In 2012 China also led in production. Rapid development across various industries and investments in infrastructure are the key reason for this growth,” he added.

He also said that many countries depend on China’s consumption to increase their export sales. He added that the growth of the Indian’s economy and its related industries also create a huge potential for investments in the Asia Pacific’s machine and cutting tools market.

Mr. Cartic said that in Indonesia, machine tools import in the automotive sector contributed 45 percent of the country’s total imports, while the remaining came from several other sectors such as oil and gas, or transportation. He said that the majority of imported machine tools are from Japan and China.

He added that the heavy industry market account for the major share in terms of consumption of machine tools and cutting tools, estimated at 57.3 percent globally in 2012. The heavy industry primarily consists of equipment and vehicles used in mining and power generation, he said.

Mr. Cartic also said that nuclear power generates 12.3 percent of the electricity produced worldwide and this is expected to increase in the long term. South East Asian countries like Indonesia, Thailand, Malaysia, and Vietnam are expected to account for 29 nuclear reactors by 2025, he added.

He said that the two most commonly used tools used in the automobile industry are cemented carbide and diamond cutting tools. “Diamond tools are used in the machining of lightweight non-ferrous materials such as aluminum, copper, tin and composite materials. The growing demand for these materials in the fabrication of automobile components is likely to increase the demand for diamond tipped cutting tools,” he added.

“Machine tools and cutting tools manufacturers are likely to benefit from sales boost with production of automobiles likely to increase tenfold in Indonesia, India and China in the next five years,” he said.

He added that the growth of the machine tools and cutting tools market in the Oil &Gas (O&G) industry during the forecast period can be attributed to the increasing oil exploration activity in various regions across the world. Shell, Petrobras, and other major O&G companies are likely to invest in production platforms in countries such as Brazil, Malaysia, and Indonesia.

Mr. Cartic noted said that the global machine tools industry is in the growth stage. The estimated revenue is over US$15 billion and the CAGR between 2014-2017 is expected to be 6.2 per cent. “It is a highly price sensitive market and the market is controlled largely by the top few market participants,” he added.

He also noted that Indonesia became Taiwan’s 6th biggest market for machine tools in the first 10 months of 2012. Taiwan Association of Machinery Industry (TAMI) statistics showed that Taiwan’s exports of machine tools to the Southeast Asia surged 23.5 percent year on year in the Jan.-Oct. period of 2012, during which the island’s total machine tool exports increased 9.2 percent from the same period of last year to US$3.50 billion.