eyeforprocurement 2008 Sourcing in Low-Cost Countries Report Just Released
eyeforprocurement 2008 Sourcing in Low-Cost Countries Report highlights many problematic issues that companies must tackle in order to get the best out of their sourcing operations in low-cost countries.
In the current economic climate of spiralling costs and intense competition in almost every market segment, the question facing procurement executives is not whether to source goods and/or services from low-cost countries, but what to source, how much of it, and when to start.
In an effort to establish the degree to which goods and services are currently being sourced in low-cost countries, eyeforprocurement conducted the Sourcing in low-cost countries survey during March and April 2008.
Based on the responses of 180 procurement professionals to the survey and comparing this data with similar surveys conducted in 2007 and 2006, it is evident that while sourcing in low-cost countries is certainly a viable proposition, there are still a number of issues that are sometimes not apparent at the outset.
More than half of the survey respondents said that the biggest obstacle to sourcing in low-cost countries is immaturity of suppliers. Trade regulations (38%) and government regulations (27%) are less of a problem this year, although "cultural differences" appears to be a growing issue.
The three major risks when sourcing in low-cost countries are unreliability of delivery and quality (63% and 60% respectively) and questionable supply chain safety & security (45%). All of these issues have increased in importance since last year. Compromised efficiency (22%) and political issues (21%) remain considerable risks, although these issues are deemed slightly less of a risk than in previous years.
Despite supplier performance being an area of serious concern, 87% of the survey respondents said their companies plan to increase their sourcing operations from low-cost countries.
With regard to green and/or sustainable procurement trends, 48% of this year's respondents said that these trends most certainly affect their decisions in terms of sourcing in low-cost countries.
The eyeforprocurement 2008 Sourcing in Low-Cost Countries Report is available for download at www.eyeforprocurement.com/lccs_report.shtml
Much of the data gathered in this report will be discussed and debated at this year's eyeforprocurement Low-Cost Country Sourcing conferences which take place in Chicago, IL on June 25-27 (www.eyeforprocurement.com/lccs2008chicago) and in Prague, Czech Republic on September 16-18 ( www.eyeforprocurement.com/lccs2008prague)
The Chicago conference will bring together an unrivalled set of expert speakers. Top procurement executives from successful LCCS global giants, including Pfizer, Microsoft, Sun Microsystems, Hallmark, McDonalds and Intel to name but a few, will guide the delegates through the elements of successfully building and increasing their sourcing capability.
The 3rd eyeforprocurement Low-Cost Country Sourcing conference is the only event in America at which global procurement leaders show their industry colleagues how to develop a Low-Cost Country Strategy to streamline procurement processes and slash costs. That's everything what every procurement professional needs to know about LCCS in just 3 information-packed days.
New for 2008 are 5 practical pre-conference workshops brought by experts from world-renown research companies, including Archstone Consulting, AMR Research, Booz Allen Hamilton, the Hackett Group and NAFTA Opportunity Center.
Speakers at the 4th Low-Cost Country Sourcing conference in Prague include: Novartis Pharma -Head of Sourcing, Global Sites - Sammy Rashed; DaimlerChrysler - Director for Strategy & Support, Procurement Mercedes-Benz Passenger Cars - Gerd Schlaich; EADS - Head of Global Sourcing Network - Philippe Advani; Nokia - Director, Marketing Sourcing INS EMEA - Ismo Ojanen; Ministry of Trade and Industry, Government of the Czech RepublicCommissioner of Minister - Robert Szurman; Siemens - Head of Global Sourcing - Miroslav Pavlícek; L'Oreal - Purchasing Manager Sourcing Center DPGP -Jerome Courtaigne. Special program includes pre-conference visists to Skoda and Siemens manufacturing plants in Prague area.
For more information on the report or eyeforprocurement Low-Cost Country Sourcing conferences contact Chris Saynor at e-mail firstname.lastname@example.org, US toll-free 1 800 814 3459 ext 252 or +44 (0) 20 7375 7564.
Newsdesk / eyeforprocurement.com
eyeforprocurement Announces the Launch of the 4th Low-Cost Country Sourcing Conference, Prague, the Czech Republic, 16-18 September 2008
eyeforprocurement 4th Low-Cost Country Sourcing conference is an event that will help procurement professionals to buck the economic slowdown trend and ensure that procurement cost remain stable.
For procurement professionals, the pressure is on. Rising commodity costs and tightening raw materials supply mean profit erosion or price hikes -- and loss of competitive advantage in a business climate that's growing tougher month by month. And Low-Cost Country Sourcing (LCCS) is now more important than ever. The latest eyeforprocurement Sourcing in Low-Cost Countries Survey of 185 procurement executives from manufacturers, retailers, and 3PLs in Europe, North America, and Asia reveals:
- Wage inflation in many low-cost regions, including China, India and Eastern Europe, is rising - by over 10% in some countries
- Material costs are going up across the board, especially in low-cost countries that are scrambling to build their infrastructure and global market offerings
It looks like, it's not going to get any easier for the next little while. The 4th Low-Cost Country Sourcing Conference a timely solution for everyone who is looking to protect the bottom line and triumph in the face of recession fears.
More than 200 delegates will gather in Prague on 16-18 September 2008 to get practical information and network with people who worked for years in various low-cost countries. All low-cost regions will be covered: China, India, Central & Eastern Europe, South-East Asia, Mexico, Latin America and Africa.
Example speakers include:
Novartis Pharma - Head of Sourcing, Global Sites - Sammy Rashed
DaimlerChrysler - Dir. for Strategy & Support, Procurement Mercedes-Benz -Gerd Schlaich
EADS - Head of Global Sourcing Network - Philippe Advani
Nokia - Director, Marketing Sourcing INS EMEA - Ismo Ojanen
Government of the Czech Republic - Commissioner of Minister Robert Szurman
Siemens - Head of Global Sourcing - Miroslav Pavlícek
L'Oreal - Purchasing Manager Sourcing Center DPGP - East Sourcing -Jerome Courtaigne
Georg Fischer Automotive Head of Purchasing Atul Malhotra
Consul General of Argent ine in Prague - Gustavo Horacio Luis Fazzari
Ambassador of Mexico in Prague - José Luis Bernal
Embassy of the People's Republic of China China Economic & Commercial Counsellor - Fei Yixiang
Ambassador of South Africa to Czech Republic - Nomsa Dube
Full speaker list is available at www.eyeforprocurement.com/lccs2008prague/speakers.shtml
Individuals interested in attending the 4th Low-Cost Country Sourcing conference are reminded that the early bird prices end on 23rd June 2008 - people can register HERE
For more information on the conference, see www.eyeforprocurement.com/lccs2008prague or contact Chris Saynor at +44 (0) 20 7375 7564.
Newsdesk / eyeforprocurement.com
eyeforprocurement Announces the Launch of the 3rd Low-Cost Country Sourcing Conference
eyeforprocurement Announces the Launch of the 3rd Low-Cost Country Sourcing conference - the Only Event in the USA to Focus 100% on Sourcing in all Low-Cost regions including China, India, South-East Asia, Africa, Central & Eastern Europe, Mexico, Lastin America.
Low-Cost Country Sourcing is more important than ever. In fact, it's no longer a good idea - it's a corporate necessity. But with recession knocking at the door, plus soaring raw materials costs, currency fluctuations, and new tax regimes in many low-cost countries, projected cost savings are easily eroded.
Procurement professionals who are interested in hearing how to transform these threats to their bottom line into lucrative opportunity should attend the 3rd eyeforprocurement Low-Cost Country Sourcing Conference taking place at the Hyatt Regency Chicago on June 25-27, 2008. http://www.eyeforprocurement.com/lccs2008chicago/
This Conference will bring together an unrivalled set of expert speakers from global sourcing leaders - procurement professionals who've lived and worked in prime low-cost areas. The delegates will also have ample time for networking and making valuable new contacts, with official representatives from a variety of low-cost countries who are confirmed to attend the conference.
Confirmed speakers include: Chris Holmes, Head of Global Sourcing Capabilities, Novartis; Kinnar Ghiya, Director Procurement, Asia Microsoft; Craig Mc Monigle, VP Global Procurement, Hallmark; Joseph Youssef, Director of Global Technology Supplier Management, McDonalds; Kees Gerretse, CPO, Corus; Kurt Doelling, VP Supply Management, Sun Microsystems; Siva Yam, President, US-China Chamber of Commerce; Hector Marquez, Director Trade and NAFTA Office, Embassy of Mexico; Minister Ernesto Paz, Consul General of the Republic of Argentina in Chicago. Full list of speakers is available on www.eyeforprocurement.com/lccs2008chicago/speakers.shtml
Individuals interested in attending the 3rd Low-Cost Country Sourcing conference are reminded that the early bird prices end on April 30th 2008 - people can register HERE
For more information on the conference, see www.eyeforprocurement.com/lccs2008chicago/ or contact Chris Saynor at US toll-free 1 800 814 3459 ext 252 or +44 (0) 20 7375 7564.
Newsdesk / eyeforprocurement.com
Five Actions CPOs Should Take Now to Address an Economic Downturn
Panel of Experts Offers Advice on Taking Control of Spending and Reducing Costs in an Uncertain Economic Environment
A panel of financial and procurement experts that have worked and consulted with leading Fortune 1000 companies offered their advice to CPOs on actions to take to weather, and even excel in, a potentially uncertain economic environment. The panel discussion was sponsored by Emptoris, a leading provider of enterprise supply and contract management software.
"Companies operate in an increasingly global and competitive market -- and are now faced with growing economic uncertainty," said Robert A. Rudzki, co-author of the book Straight to the Bottom Line, and President of the management consultancy Greybeard Advisors LLC. "There are too many examples of companies that have tried the 'quick and dirty' approach to cost reduction, only to find that their wins were not sustainable over time. Top management needs to think strategically and work collectively to ensure meaningful, effective action."
Rudzki, an author of three leading business books and former Chief Procurement Officer with several Fortune 500 companies, participated in a brainstorming session with leading financial, technology and procurement consultants to offer a list of immediate and intermediate steps that companies can take to gain greater control over spending and effectively reduce costs."In the last economic downturn in the early 2000s, many companies rushed to cut costs, but many of the cuts they made were not strategic and ended costing the company in the long run," said Donavon Favre, a professor supply chain strategies at North Carolina State University. "The decisions companies make today will impact how they are operating in a year or two years time, so the decisions need to be well thought out and with an eye toward the future. Those who get lean intelligently now, will excel in the future."
Professor Favre is a contributing author to three supply management books and a world-renown expert on sourcing. Favre previously founded and led the procurement outsourcing practice at Accenture, the global consulting firm, building the largest procurement outsourcing practice in the world.
"How can you control spending when you don't even know what you're spending? Most Fortune 1000 companies do not have a real time view into their spending. The average CEO, CFO and CPO are typically looking at out-dated data. It's their dirty little secret," said Kirit Pandit, author of "Spend Analysis: The Window into Strategic Sourcing," which has been described as "the definitive book on spend analysis." "Companies have long been shackled by the dispersed and disparate nature of their spend data. It's stuck in dozens of different systems and departments around the globe. However, today there are software tools and outsourced processes that can be used to give a current, consolidated view of spending, and it's really unacceptable in this environment not to be giving your company that view."
Emptoris has sponsored thought leadership events around the world over the past year, including a six country tour of Europe, sponsored in conjunction with Accenture, that have brought together senior executives at more than 200 leading companies to discuss best practices and current trends in supply and contract management. For its brainstorming panel on how to address the current economic uncertainty, Emptoris assembled six experts with backgrounds in finance, operations, procurement and technology and tasked them with developing five actions CPOs could take immediately to gain greater control over spending and cut costs without reducing operational effectiveness.
The group came up with the Five Actions CPOs Should Take Now to Prepare for an Economic Downturn.
The results were released by Avner Schneur, Chief Executive Officer of Emptoris, during a presentation at Emptoris Empower Europe, the premier supply management software user conference in Europe, and the culmination of a series of educational and thought leadership events held by Emptoris over the past year.
"Technology and innovation can go a long way in helping companies to not only get lean and efficient, but also in delivering sustained business performance improvements," said Avner Schneur, Chief Executive Officer of Emptoris. "Emptoris is committed to helping companies fuel such efficiency and innovation both through the application of technology and through the exchange of ideas and best practices."
Five Actions CPOs Should Take Now to Prepare for an Economic Downturn
Strategy #1 - Get Quick Visibility into Spending: A company can't control what it can't see. Gaining global, enterprise visibility into spending is much easier now than it was even a few years ago with the advent of automated spend analysis technologies. With software programs or outsourced aggregation of data, companies can get a current view into spending within as little as 90 days. Experts suggest that spend visibility updates should be done on a quarterly basis at a minimum, but for relatively minimal costs, it is realistic today to have monthly spend visibility updates company-wide. Leading spend analysis software technologies can aggregate data from dozens of different systems, including every major ERP platform, and can analyze and drill down on spending along dozens of different dimensions including by commodity, cost center, GL account, geography, time, payment terms, and more.
Strategy #2 - Take Steps to Mitigate Inflation: Inflation is the X factor in this economic downturn, experts say, and getting ahead of it is critical. The panel recommended re-negotiating contracts with target suppliers and sourcing for value as immediate steps companies could take to help insulate themselves against inflation. In sourcing and contract re-negotiation, the first priority should be a focus on high value, high-risk areas such as transportation and fuel. In addition, the experts say to focus on categories where you can negotiate lower prices with suppliers without incurring higher costs elsewhere or damaging your long term interests around delivery, performance and availability.
Strategy #3 - Renegotiate and Enforce Compliance to Contracts: One of the big areas of loss for companies is in supplier non-compliance to existing contracts. Whether it's enforcing negotiated pricing, realizing quantity discounts or ensuring quality standards and associated penalties and discounts, contract compliance becomes even more essential in a recessionary environment. Further, experts say that companies should target certain contracts for re-negotiations in an economic downturn, noting that key suppliers may be more willing to re-negotiate than perceived. Technology can play an important role in helping companies' link contract terms to spending and thus reducing leakage -- and in linking contracts to supplier performance to track commitments versus actual performance metrics.
Strategy #4 - Mitigate Risks When Pursuing Cost Reductions: A bad sourcing decision or supplier issue that can be addressed and weathered in a good economy, can be devastating in a bad economy. Sourcing and quality experts say that one of the biggest strategic mistakes companies make is strictly looking for lower costs, rather than evaluating overall value with suppliers. The drive for lower costs that has led to outsourcing and Low Cost Country Sourcing (LCCS) has brought with it sometimes unforeseen downsides, such as poor quality components, delivery issues, increased risks and service interruptions. Thus, an increased reliance on LCCS and outsourcing demands an even greater role for evaluating overall value and capabilities when sourcing for lower cost. Optimization is a concept and technology employed by the leaders in global sourcing that helps executives balance risks and rewards. Sourcing technologies and services with optimization capabilities allow for sourcing events that factor in a range of requirements which enables decision making that extends beyond cost.
Strategy #5 - Do More with Less: In a recession, budgets are being trimmed and headcount reduced, yet with global competitive pressures your department may be asked to do even more. Seize the challenge and focus on making your department more efficient. Experts say the surest way to improve efficiency is in the smart application of technology. According to studies, virtually all the productivity gains made by US companies over the past quarter century have come via technology. However, experts caution that there are risks associated with the selection of which technologies to implement. They recommend going only with proven, best-of-breed technologies that have been tested and successful at other leading Fortune 1000 companies. Consulting partners, peers and leading analyst firms, such as Gartner and Forrester, provide a good starting point for the evaluation of such technologies.
A Special Note on Transportation and Fuel Prices
Of course, one of the key contributors to rising costs are fuel prices and the impact on transportation costs for retail, consumer products and distribution companies, can be significant. Even with oil at more than $115 per barrel, financial experts caution that companies should expect that fuel and transportation costs may continue to rise in the coming months. When sourcing complex services such as transportation, packaging and fleet vehicles and services, your company's internal team may benefit from the vertical or advanced sourcing expertise of outside consultants and services. By using sourcing services to assist your company with high value, high-risk sourcing categories, experience shows your company can save more money in less time. Advanced sourcing services leverage the best sourcing technologies and teams of experts, as well as global consulting partners, to help companies reduce complex categories of spending, such as transportation services.
"The inflationary fuel market is adding even more complexity to transportation sourcing. Companies that continue to source will be missing significant savings opportunities if they continue to source 'the old fashioned way.' The current environment demands that organizations act quickly -- and at the same time ensure they minimize risk. Advanced sourcing technologies and services allow for the optimized decision making, risk mitigation and fast action that such a spend categories dictate," said Sean Correll, director of consulting services at Emptoris, Inc.
Newsdesk / eyeforprocurement.com
Lockheed Martin South Asia President Appointed to U.S.-India Business Council Board of Directors
The U.S.-India Business Council (USIBC)is pleased to announce the appointment of Richard G.Kirkland, President, South Asia, Lockheed Martin Global, Inc. to its Board of Directors.
The U.S.-India Business Council is the premier business advocacy organization representing 280 of the largest U.S. companies investing in India, joined by two dozen of India's largest global companies. USIBC's mandate is to strengthen U.S.-India commercial ties.
Lockheed Martin is a Chairman's Circle of the U.S.-India Business Council and has a long engagement in business in India with commercial satellite sales, support for civil government and defense related programs.
Lockheed Martin, India Private Limited was established to permit full engagement of all the business areas in Lockheed Martin across the entire spectrum of government acquisitions, services and support.
"Rick Kirkland's appointment to the USIBC board represents the manifestation of the U.S.-India Strategic Partnership. Lockheed Martin's recent success on the C-130J aircraft program for the Indian Air Force and involvement across several key security programs is a testament to the company's global leadership," said U.S.-India Business Council Chairman Indra Nooyi. "Rick brings deep expertise and knowledge of the region,
having held key positions in the U.S. Government and within Lockheed Martin, especially in the corporation's international operations."
Speaking about his appointment to the U.S.-India Business Council Board of Directors, Mr. Kirkland said, "I believe that the future will be marked
by increased interaction between the two governments and among all aspects of U.S. and Indian society. I look forward to working with all members of
the U.S.-India Business Council and playing a small role in developing strong and lasting ties between both great nations."
Mr. Kirkland was named President, South Asia, Lockheed Martin Global, Inc. in June 2007. In this capacity, he is responsible for all Lockheed Martin corporate business and customers in the region that includes India, Australia and Singapore offices. Previously, he served as Vice President, Maritime Surveillance Enterprise for Lockheed Martin Corporation, beginning in 2005. Mr. Kirkland's other positions at Lockheed Martin have included Vice President, Corporate International Business Development, Lockheed Martin Corporation; Vice President, International Programs, Lockheed Martin Aeronautical Systems; and Vice President for Business Development, Lockheed Martin Aeronautical Systems. Before joining Lockheed, Mr. Kirkland served as Principal Deputy, Assistant Secretary of Defense, Legislative Affairs. A
Career Naval Officer, selected for Flag rank, he is both a designated Naval Aviator and a Surface Warfare Officer. Mr. Kirkland also holds a master's
degree in aeronautical systems from the University of West Florida and a bachelor's degree from the United States Naval Academy.
Mr. Kirkland's personal engagement with U.S.-India relations started in 1993 when he was the escort officer for a Senate Delegation to India. Since
joining Lockheed Martin, he has been active in furthering the U.S.-India relationship and has been an active member of the Aspen India Dialogue since 2002.
Headquartered in Bethesda, MD, Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design,
development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation reported 2007 sales of $41.9 billion. In January 2008, Lockheed announced the opening of its India subsidiary, which markets all its operating systems in the country.
The U.S.-India Business Council (USIBC), formed in 1975 at the request of the Government of India and the U.S. Government to advance commercial
ties between the world's two largest free-market democracies, is hosted under the aegis of the U.S. Chamber of Commerce. The U.S. Chamber of
Commerce is the world's largest business federation representing more than 3 million businesses and organizations of every size, sector and region.
The U.S.-India Business Council celebrates its 33rd Anniversary at the U.S. Chamber of Commerce on June 12, 2008 in Washington, D.C.
China Spy Surveillance Equipment No Threat: Welcomed by Western Business, Says Chinavasion
With lower production costs, increased technological advances and a well-developed supply chain, Chinese Spy and Surveillance Equipment manufacturers are producing products that are not feared but welcomed by Western businesses and home owners.
Surveillance equipment is very much in demand around the world as business and home owners realize how much of a role they play in crime prevention and there is a growing acceptance of law enforcement surveillance of public spaces.
Frost and Sullivan, a European research firm, released a report last month stating that, in 2005 the European market for surveillance equipment was worth US$1.42 billion.
Researchers for Frost and Sullivan said this would rise to US$1.94 billion in 2012.
Another global research firm, Research and Consultancy Outsourcing services predicted that demand for IP based surveillance equipment would rise by 13% year on year till 2012.
According to trade services company, Global Sources, most of all the wireless spy cameras and hidden spy cameras are manufactured in China.
There were 1200 security product manufacturers operating in Shenzhen alone according to the China-based company.
Rose Li, PR manager of electronic dropshipping company, Chinavasion, said that she had seen a massive rise in the number of companies manufacturing wireless spy cameras, outdoor surveillance cameras and hidden spy cameras in the Pearl River Delta (PRD) last few years.
"The number of surveillance camera manufacturers in the Pearl River Delta has rocketed in the last five years," said Rose Li, "It's amazing how quickly the industry has developed in the area."
Chinavasion's Rose Li said this only made 'Made-in-China' spy surveillance cameras more attractive to western businesses and property owners as items were becoming more competitively priced and came packed with more technologically-advanced features.
However, Rose Li said companies looking to take advantage of the surveillance camera bargains in China should go through an experienced China sourcing company as it would guarantee they got the items they wanted with the minimum of fuss.
"Chinese technology is not a threat... it's a profit opportunity for anyone with the right China wholesale connection," said Rose Li.
Chinavasion.com is the leading online drop ship wholesaler for MP4 players and other consumer electronics. Accredited by PayPal, Verified Site, and ScanAlert, and listed in all the leading B2B directories, Chinavasion is the market leading China supplier for EBay dropship sellers and electronics worldwide. For more details visit: chinavasion.com/
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Pulpmills in Finland and Sweden Are Increasing Imports of Pulpwood as Domestic Wood Fiber Costs Are Reaching 15-Year Highs in 4Q/07, Report Says.
High wood costs and the prospect of reduced log supply from Russia in the coming years, forces many pulpmills in the Nordic countries to re-evaluate their wood fiber procurement strategies in 2007. Increasing wood chip imports from Latin America and North America together with higher domestic timber harvests can be expected in 2008.
The Finnish forest industry is facing difficulties with high wood costs and the prospect of sharply reduced log supply from Russia in the coming years. The industry has already started to alter their log procurement strategy by increased imports from other countries and intensified campaigns to encourage private forest owners to increase logging activities in Finland.
According to the Wood Resource Quarterly (WRQ), the average conifer sawlog prices reached an all-time record of $130/m3 in the 4Q/07, almost 60% higher than just two years ago. Pulpwood costs were also substantially higher than last year, with conifer roundwood prices averaging almost $190/oven-dry metric ton (odmt) in December, the highest cost of all 16 world markets tracked by the WRQ.
As a result of the high cost and reduced imports from Russia, pulp companies in the Nordic countries are increasingly exploring opportunities to source their mills with wood fiber from Latin America and North America. One pulpmill in Southern Sweden has recently started to substitute maple chips from Eastern Canada for expensive beech wood chips from Germany. A couple of pulpmills in Finland are importing Eucalyptus chips from Latin America. One pulpmill in Norway is now importing wood chips rather than roundwood from Uruguay.
Over the past six years, imports of softwood chips to Finland have increased over 50% reaching about 1.4 million tons in 2007. Total chip imports to the countries in Northern Europe in 2007 were just over 4 million tons. In addition to imports of wood chips, forest companies also imported about 22 million m3 of roundwood last year of which an estimated 80% were consumed by the pulp sector.
Over the next few years, the Finnish forest industry is likely to go through a number of changes including a decline in the consumption of wood raw-material, higher reliance on domestic timber, reduced imports of Russian logs and increased imports of roundwood and chips from Sweden, the Baltic States and Latin America.
Global pulpwood and sawlog market updates are included in the 50-page publication Wood Resource Quarterly. The report, established in 1988, also include regular updates of pulp, lumber and biomass markets and has readers in over 20 countries.
Newsdesk / eyeforprocurement.com
Precision Dynamics Corporation Launches New Initiatives Focused on the Environment
PDC makes commitment to go “green” by announcing new company initiatives, formation of “The Green Team” and an informative environmental website section.
The dynamics of global conditions continue to change at a rapid pace. The increasing daily demands on natural resources further fuel the importance of corporations to focus on recycling, purchasing, car pooling, and setting a positive example of environmental responsibility. “Going green” is more than catch phrase; it is rapidly becoming a vital business strategy. Precision Dynamics Corporation (PDC), the global leader in wristband identification, is demonstrating its commitment to the environment by actively seeking out opportunities to secure a sustainable and minimal-impact business setting..
With the launch of PDC’s “Thinking About Tomorrow, Today” company-wide environmental initiatives, the company has begun taking systematic and comprehensive approaches to minimize environmental impact. PDC is examining its business operations from product packaging and consumables to procurement and energy consumption to implement new, environmentally sound business practices and procedures with attention to education, innovation, and continuous improvement.
"PDC’s focus on environmentally-friendly projects is the key to successfully making a difference," said President and CEO Gary Hutchinson. “Our concerns about environmental safety, its effects on the community, and employees well-being have always been a daily part of our company’s mission.”
Centering on its commitment to reducing these vital environmental business impact areas, PDC has created The Green Team which has developed an aggressive '08 strategy. The Team’s plan is to demonstrate the benefits of reduced costs, increased productivity, efficiency, and heightened employee morale. Already, the team has hit the ground running by hosting an E-Waste Recycling Event for employees; expanding upon company-wide recycling programs; transitioning to recycled paper for all printers and copiers, as well as high volume catalogs; introducing a new preferred parking program for hybrid vehicles; and highlighting PDC’s incentive based carpooling program. Highlights of PDC’s The Green Team efforts are featured on its new website section.
Chris Stetson, Web Developer and Green Team founder says, “Being green is simply good business. The world is in a state of climatic change, and it is critical that businesses accept their responsibility as leaders and innovators by becoming actively involved in the protection of the world in which we operate.”
For current information about PDC’s green initiatives, please visit the website.
About Precision Dynamics:
With over 50 years of experience, PDC is the global leader and pacesetter in the development of wristband systems for healthcare, leisure and entertainment, and law enforcement. The company introduced the first patient Bar Code ID Wristband, patented Smart Band® Radio Frequency Identification (RFID) Wristbands, AgeBand® System, and PDC Smart Kiosk® Cashless RFID System. PDC is committed to 100% quality in service, design, and manufacturing and has ISO-9001: 2000 and ISO-13485: 2003 certification.
Precision Dynamics Corporation, product names, company names, marks, logos and symbols mentioned herein are trademarks or registered trademarks of Precision Dynamics Corporation. All other product names, company names, marks, logos and symbols mentioned herein are trademarks of their respective owners.
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Watt, Tieder, Hoffar & Fitzgerald Attorney First to be LEED Accredited in Virginia
Chris Cheatham, attorney with the construction and surety law firm Watt, Tieder, Hoffar & Fitzgerald, has been certified as a Leadership in Energy and Environmental Design Accredited Professional (LEED AP) by the U.S. Green Building Council (USGBC). Cheatham is the only Virginia practicing attorney currently with this designation in the USGBC website directory of LEED APs.
“Watt, Tieder, Hoffar & Fitzgerald has recognized the growth of green building and sustainable development initiatives in the construction industry and we are committed to supporting this industry through education and counsel. Chris Cheatham’s certification is part of that commitment,” said Bob Watt, Managing Parter of Watt, Tieder Hoffar & Fitzgerald. “We can boast one of just 39 attorneys nationally accredited by the USGBC as a LEED AP, and the first practicing in Virginia. As a LEED AP, Chris will be able to assist clients through the LEED certification process, from startup to final verification of a project’s green measures, as well as helping clients navigate the evolving green building regulatory requirements.”
As a LEED AP, Cheatham joins a select group of attorneys nationwide who have recognized the significance of “green” building trends on the future of the building industry and have responded by getting certified. The LEED rating system administered by the USGBC is the nationally recognized benchmark for design, construction and operation of high-performance green buildings. LEED gives building owners and operators the tools they need to have an immediate and measurable impact on their buildings’ performance through a whole-building approach to sustainability.
Watt, Tieder, Hoffar and Fitzgerald is one of the largest construction and surety law firms in the world, with a practice that encompasses all aspects of construction, contracting and public procurement. Since its inception almost 30 years ago, WTHF has been involved in major development and construction projects, including highways, airports and seaports, rail and subway systems, military bases, industrial plants, petro chemical facilities, electric-generating plants, communication systems, and commercial and public facilities of all types in the United States and around the globe.
For additional information, please visit the firm's Web site at www.wthf.com.
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Stradling Global Sourcing Launches Asia-HQ in India
Stradling Global Sourcing, recognised as one of the “Top-Ten” strategic sourcing advisory firms by the Black Book of Outsourcing, has launched its Asian Headquarters in Mumbai, India. The President and Managing Partner of this office will be Dr. Pradeep K. Mukherji, who until recently was Managing Partner at Tholons. Over the past 15 years, Dr. Mukherji has been established as a leading thought leader in the Global Sourcing industry and has advised over several hundred commercial and government transactions. Under his leadership, Stradling’s Asian operations will provide a full range of sourcing and management consulting services to its clients. The services will include Strategy Development, Sourcing Transaction Execution and Outsourcing Relationship Management. The reach of the office will cover the subcontinent, including China, Singapore, Philippines and Vietnam.
"Stradling Global Sourcing has aggressive plans to expand its footprint into new target markets across the globe, and the establishment of the India office is an important step" said Kevin Parikh, CEO of Stradling. “The office will provide us a direct entry to the Asia market and will become an important leverage for our global advisory services. We plan to execute and impact over $1 billion worth of global services business through our Asian operations, over next 12 to 18 months,” he added.
“Stradling with its visionary and professional management, advisors who are industry leaders and a large loyal client base in US, is very well poised to throw up large number of opportunities for service providers, both in India and other parts of Asia” said Dr.Mukherji. “ We will continuously work towards developing relationship with both large and small service providers, understand their unique capabilities and present their credentials to our clients in US and Europe objectively,” he added.
Stradling’s global headquarters is in Southern California. Stradling helps clients navigate the complete lifecycle for sourcing IT, Business and Knowledge Process services. Stradling’s management consultants, advisors, and lawyers offer focused advisory services for developing sourcing strategy, executing sourcing transactions and effectively managing sourcing relationships. Stradling’s methods and practices have been refined over decades of experience spread across a talented team serving clients worldwide. Their team has conducted over 1,000 sourcing engagements collectively since 2001 in over 40 countries.
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Homeowners Go Green in Style with American Blinds, Wallpaper and More
Today’s homeowner is environmentally wise and demands eco chic design. American Blinds, Wallpaper and More, the leader in home décor for over fifty years, offers the latest in stylish, energy-efficient products.
Giving their customers a variety of window and wall treatments with their eco friendly shades and wall covering collections, American Blinds, Wallpaper and More provides a selection that not only helps save on home energy costs, but also aids in protecting the earth’s natural resources.
What makes a home décor product Ecologically Friendly?
- PVC-Free. Fabrics contain no volatile organic compounds (VOCs), improving home air quality.
- 100% Recyclable. Fabrics are made from completely recyclable materials helping to preserve the earth's valuable resources.
Rachel Rutledge, Product Merchandising Manager at American Blinds, Wallpaper and More says, “We offer blinds made of PVC-free and recyclable materials. For those who want to decorate their space with green friendly materials, we also carry wallpaper, like our Natural Grass Collection. It’s a popular choice that’s right on trend.”
Eco chic home décor products from American Blinds, Wallpaper and More:
- American Blinds® Roller Shades - New collection for 2008. These eco friendly shades are PVC-free and 100% recyclable. Available in six fabric colors to complement every home environment.
- Easy Walls™ is a revolutionary wallpaper product, which is pre-pasted, washable and 100% vinyl free. It requires minimal preparation and is fully breathable, eliminating vapor lock, which can cause mold and mildew.
- New For Spring 2008 - New environmentally friendly wallpaper designs from European designers Graham & Brown. Visit www.americanblinds.com for all the Graham & Brown styles. These wallpaper designs are either made from recycled material or sourced from managed forests. About 50% of an average roll is made from renewable resources.
Going green and giving back to the planet has never been easier. Choosing home décor products from American Blinds, Wallpaper and More is both environmentally and energy efficient. Shop www.americanblinds.com for the latest trends in eco friendly products.
About American Blinds, Wallpaper and More:
American Blinds, Wallpaper and More is the largest online retailer of brand name custom window treatments and wall coverings at savings from 25% - 85% off most retail store and home center prices. They carry all brand name blinds and wallpaper, including Hunter Douglas®, Bali®, Levolor®, Kirsch®, Waverly® and American Blinds®, their most popular brand. The company also sells home decorating products including curtains, draperies, custom framed wall art, bedding, and area rugs. Their website, www.americanblinds.com, can search for over 500,000 wallpaper, border and fabric patterns by color, style and other keywords. Most merchandise is shipped via free ground delivery and is covered by a Satisfaction Guarantee and a Lowest Price Guarantee. For more than fifty years American Blinds, Wallpaper and More has provided high quality products to over 6 million customers nationwide.
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USA and China Based, USB Source Strike Deal with LG Electronics Certified Vendor to Produce Westernized User-Friendly Digital Picture Frames
USA based flash drive and USB device design firm USB Source and their vertically integrated Chinese manufacturing facility, have struck a deal with an LG certified digital frame supplier to produce a line of easy to operate digital picture frames. The line will launch later this Spring.
Further diversifying itself from its primary role as an overall OEM manufacturer for some of Europe’s largest promotional products suppliers USB Source now aims their business model directly at the over 100,000 North American promotional products buyers and distributors. The addition of a premium digital picture frame division to the line of flash drives is best explained by spokesperson Peter Thomas.
“For a long time now our manufacturing and business model has been considering adding a digital picture frame division, we felt it perfectly complimented our flash drive division. What stopped us was the operating systems and hardware we found available were totally lacking in comprehension!”
During a recent sourcing trip throughout China, USB Source engineers were able to verify and consummate a deal with a new supplier of digital frame components. The 2 companies put together the key pieces for a truly user-friendly digital picture frame. Previous generations of digital picture frames operated on a Chinese software paradigm that was found to be frustrating to the European and North American promotional products market.
USB Source Engineer Todd Shanston explains. “ The old digital picture frame operating systems ran on the premise of how usb devices should function in Asia. The problem with this paradigm was the interface was not Westernized and therefore very difficult to understand and nearly impossible to plug and play. We found that by designing a new main board with built-in memory and an M-Logic O/S solution it immediately made the use of these devices 20 times easier. The frames now have a Windows look interface, drag and drop functionality and 4 language screen options. This will be a hit in the U.S.”
USB Source and its manufacturing division in Shenzen has long been a manufacturer of OEM flash drives to some of the best know brand names in the industry. USB Source launches North American operations May 1st, 2008.
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AMB Property Corporation(R) Leases 391,000 SF Build-to-Suit to Ryder in Mexico City
AMB Property Corporation(R) (NYSE: AMB), a leading global developer and owner of industrial real estate, today announced it signed a two-building
build-to-suit development agreement with Ryder de Mexico -- a division of Ryder System, Inc. and provider of leading-edge transportation, logistics
and supply chain management solutions worldwide -- for 391,000 square feetin Mexico City.
AMB commenced development of the facilities, named AMB Carrizal Industrial Park Buildings 1 and 3, on land capable of supporting a total of
approximately 780,000 square feet of development. The site is located on the NAFTA Highway in the northern industrial zone of Mexico City.
"Mexico City is the economic, industrial and financial center of Mexico serving as a major distribution gateway to the global supply chain. With a
consumer population of approximately 22 million and an improving highway infrastructure, Mexico City is a fit with AMB's core market growth
strategy," said Gene Reilly, AMB's president, the Americas. "We are pleased to strengthen our established relationship with Ryder by fulfilling its
space requirements in this important market."
"Since Ryder de Mexico began operations in 1994, it has set the pace in Mexico's rapidly growing supply chain logistics and transportation
industry. AMB understands that locating in modern facilities at the most strategic positions gives us a competitive edge," commented Ernesto
Donnadieu, Ryder de Mexico's director of operations, Mexico. "Local market knowledge and world-class supply chain know-how set us apart, and AMB
shares these attributes."
AMB's Mexico portfolio now totals more than 8.6 million square feet and is comprised of operating and under development properties in the Guadalajara, Mexico City, Monterrey, Queretaro and Tijuana markets. AMB's presence in Mexico City now totals 4 million square feet with operating properties approximately 97% leased as of March 31, 2008.
AMB Property Corporation.(R) Local partner to global trade.(TM)
AMB Property Corporation(R) is a leading global developer and owner of industrial real estate, focused on major hub and gateway distribution
markets in the Americas, Europe and Asia. As of March 31, 2008, AMB owned, or had investments in, on a consolidated basis or through unconsolidated
joint ventures, properties and development projects expected to total approximately 150.2 million square feet (14.0 million square meters) in 45
markets within 14 countries. AMB invests in properties located predominantly in the infill submarkets of its targeted markets. The
company's portfolio is comprised of High Throughput Distribution(R) facilities-industrial properties built for speed and located near airports,
seaports and ground transportation systems.
AMB's press releases are available on the company website at www.amb.com or by contacting the Investor Relations department at +1
415 394 9000
Some of the information included in this press release contains forward-looking statements, such as those related to the size, development,
completion and occupation of AMB Carrizal Industrial Park Buildings 1 and 3 and further demand for AMB's properties in Mexico City, which are made
pursuant to the safe-harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of
1933, as amended. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause our actual
results to differ materially from those in the forward-looking statements, and you should not rely on the forward-looking statements as predictions of
future events. The events or circumstances reflected in forward-looking statements might not occur. You can identify forward-looking statements by
the use of forward-looking terminology such as "believes," "expects, "may," "will," "should," "seeks," "approximately," "intends," "plans," "pro
forma," "estimates" or "anticipates" or the negative of these words and phrases or similar words or phrases. You can also identify forward-looking
statements by discussions of strategy, plans or intentions. Forward-looking statements are necessarily dependent on assumptions, data or methods that
may be incorrect or imprecise and we may not be able to realize them. We caution you not to place undue reliance on forward-looking statements,
which reflect our analysis only and speak only as of the date of this report or the dates indicated in the statements. We assume no obligation to
update or supplement forward-looking statements. The following factors,among others, could cause actual results and future events to differ
materially from those set forth or contemplated in the forward-looking statements: defaults on or non-renewal of leases by tenants, increased
interest rates and operating costs, our failure to obtain necessary outside financing, re-financing risks, risks related to our obligations in the
event of certain defaults under joint venture and other debt, risks related to debt and equity security financings (including dilution risk),
difficulties in identifying properties to acquire and in effecting acquisitions, our failure to successfully integrate acquired properties and
operations, our failure to divest properties we have contracted to sell or to timely reinvest proceeds from any divestitures, risks and uncertainties
affecting property development and construction (including construction delays, cost overruns, our inability to obtain necessary permits and public
opposition to these activities), our failure to qualify and maintain our status as a real estate investment trust, risks related to our tax
structuring, failure to maintain our current credit agency ratings, environmental uncertainties, risks related to natural disasters, financial
market fluctuations, changes in general economic conditions or in the real estate sector, changes in real estate and zoning laws, a downturn in the
U.S., California or global economy, risks related to doing business internationally and global expansion, losses in excess of our insurance
coverage, unknown liabilities acquired in connection with acquired properties or otherwise and increases in real property tax rates. Our
success also depends upon economic trends generally, including interest rates, income tax laws, governmental regulation, legislation, population
changes and certain other matters discussed under the heading "Risk Factors" and elsewhere in our annual report on Form 10-K for the year ended
December 31, 2007.
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Co-exprise, Inc. Signs Agreement to Provide Supply Chain Software Solution and Services to Goodrich Corporation
Co-exprise, Inc., a supply chain technology and strategic sourcing company, has signed a long-term agreement to provide its CX4 Supply Chain Solution to Goodrich Corporation. Co-exprise's CX4 technology is based upon innovative software that will connect the critical supply chain links between Goodrich Corporation's sourcing and manufacturing functions and its supply partners.
Goodrich Corporation is a worldwide leading supplier of systems and services to aerospace, defense and homeland security markets. With one of the most strategically diversified portfolios of products in the industry, Goodrich serves a global customer base with significant worldwide
manufacturing and service facilities.
"With Co-exprise, we will be introducing a business process overhaul for sourcing, outsourcing and re-sourcing of components and in some cases complete operations," said Dan Pleshko, Goodrich Corporation Chief Supply Chain Officer. "The software and services provided through Co-exprise will ease workloads, streamline processes, and assist our efforts in
standardizing approaches in many of our sourcing areas."
The Co-exprise CX4 Solution creates a high-value linkage among the design, sourcing and operations teams to facilitate new product introductions, dramatically reduce cycle time, drive strategic sourcinginitiatives, and improve quality.
"Goodrich exemplifies the type of thought leadership and forward focused thinking required to optimize business processes that impact bottom line results in the aerospace industry," said Bill Blair, Co-exprise, Inc. Chief Executive Officer. "We are looking forward to assisting Goodrich in
meeting their goal of achieving supply chain operational excellence in a secure supply chain environment for areas of direct spend sourcing, new product introductions, and business process optimization."
About Goodrich Corporation
Goodrich Corporation, a Fortune 500 company, is a global supplier of systems and services to the aerospace, defense and homeland security markets. With annual revenues of $5.9 billion, Goodrich is headquartered in Charlotte, North Carolina, and employs more than 24,000 people worldwide in approximately over 90 facilities across 16 countries.
Goodrich offers an extensive range of products, systems and services for aircraft and engine manufacturers, airlines and defense forces around the world. The company's transformation into one of the globe's largest aerospace companies has been driven by strategic acquisitions and internal growth fueled by innovation and quality. From aerostructures and actuation systems to landing gear, engine control systems, sensors and safety systems, Goodrich products are on almost every aircraft in the world. Visit www.goodrich.com for more information.
About Co-exprise, Inc.
Co-exprise, Inc., designs, develops, and leverages technology to accelerate and enhance the way organizations source everything from complex, direct materials to everyday commodities. Co-exprise Technology provides real- world supply chain solutions while reducing cycle time and
cost for all types of manufacturing companies. Co-exprise MarketPlace delivers best market price procurement services for strategic commodities in a variety of market sectors including property management, health care, manufacturing, retail, government and education. For more information aboutCo-exprise, visit www.co-exprise.com.
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Worldwide Pharmaceutical Industry Launches Global Health Progress Initiative to Expand Efforts to Improve Health in Developing Countries
The worldwide pharmaceutical industry today launched Global Health Progress, an initiative to bring research-based biopharmaceutical companies, global health leaders and policymakers together to build on current partnerships to improve health in the developing world.
Serving as a convening point for the industry and its partners, Global Health Progress will facilitate interaction between the private sector, NGOs and governments to share research and best practices; raise awareness of global health challenges; and build partnerships to improve global health.
"Research-based biopharmaceutical companies contribute hugely to health partnerships for the developing world, through their unique expertise in R&D, regulatory affairs, manufacturing, logistics and many other fields, but we can't work alone," said Dr. Harvey Bale, Director General of IFPMA. "The Global Health Progress initiative should help to expand the range and scope of global health partnerships supported by our industry."
Global Health Progress today unveiled its web site, www.globalhealthprogress.org, which houses a database of research-based biopharmaceutical companies' global health programs, including information on more than 300 partners, 400 programs and ongoing investments of billions of dollars annually in products and man-hours. Featuring stories of health workers on the ground, the site highlights organizations and individuals who are making a difference in global health.
"Research-based biopharmaceutical companies have a longstanding commitment to improving global health - this initiative is a recognition of our unique role and desire to accelerate progress in fighting disease and strengthening health care systems in developing countries, " said Billy Tauzin, President and CEO of PhRMA. "As individual companies and a united industry, we recognize that our efforts to address universal health challenges are best realized through partnerships with governments and NGOs that are dedicated to saving lives throughout the world."
Global Health Progress will leverage strengths in private industry to form new partnerships to further access to medicines; build capacity of health workers in developing nations; advocate for global action to address health challenges; and continue R&D to develop new tools to fight diseases that plague the developing world.
"Global Health Progress is a groundbreaking initiative to focus the expertise of the pharmaceutical industry to work with a diverse array of partners to create lasting, sustainable global health change," said Brian Ager, Director General of EFPIA. "We recognize that global health challenges are complex and we want to contribute our experience and resources to developing new solutions."
About Global Health Progress
The Global Health Progress initiative brings research-based biopharmaceutical companies and global health leaders together to improve health in the developing world. Through meaningful public-private partnerships with others in the field, including policymakers in the developed and developing world, multi-lateral institutions, non-governmental organizations, and academia, we can help shape sustainable solutions that improve the health of all people.
The European Federation of Pharmaceutical Industries and Associations (EFPIA) represents the pharmaceutical industry operating in Europe. Through its direct membership of 32 national associations and 43 leading pharmaceutical companies, EFPIA is the voice on the EU scene of 2,100 companies committed to researching, developing and bringing to patients new medicines that improve health and the quality of life around the world.
EPFIA Internet Address: http://www.efpia.eu
The International Federation of Pharmaceutical Manufacturers & Associations (IFPMA) is the global non-profit NGO representing the research-based pharmaceutical, biotech and vaccine sectors. Its members comprise 25 leading international companies and 45 national and regional
industry associations covering developed and developing countries.
IFPMA Internet Address: http://www.ifpma.org
The Pharmaceutical Research and Manufacturers of America (PhRMA) represents the country's leading pharmaceutical research and biotechnology companies, which are devoted to inventing medicines that allow patients to live longer, healthier, and more productive lives. PhRMA companies are leading the way in the search for new cures. PhRMA members alone invested an estimated $44.5 billion in 2007 in discovering and developing new medicines. Industry-wide research and investment reached a record $58.82 billion in 2007.
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DuPont and TERI Sign Memorandum of Understanding on Green Building Design in India
DD) and The Energy and Resources Institute (TERI) signed a memorandum of
understanding (MoU) to promote the cause of green building design and
certification in India.
The agreement was signed by Balvinder Kalsi, president of DuPont India,
and Dr. R. K. Pachauri, director general, TERI, with Thomas F. Schuler,
DuPont Building Innovations vice president and general manager, in
attendance. The signing ceremony was held during the Talking Tomorrow
Lecture Series organized by TERI-BCSD (Business Council for Sustainable
Development) India, an industry group with 76 corporate members that engage
with TERI on sustainable development, environmental management and
"DuPont, like TERI, is committed to sustainable buildings. This
agreement will further strengthen our long-standing working relationship,"
Schuler said. "We will continue to use science and innovation to deliver
advanced products to the global marketplace, enabling architects and
designers to build sustainable, cost- and energy-efficient buildings with
solutions such as Tyvek(R) building wraps, vapor breathable radiant
barriers and insulated panels for exterior cladding."
"Buildings are responsible for at least 40 percent of energy use in
most countries and are major contributors to global emissions," said Mili
Majumdar, head of TERI's Green Building project (GRIHA). "Energy efficiency
in buildings is very crucial in India since the construction sector is
growing at a very fast pace. TERI has been at the forefront of spreading
knowledge on energy efficiency and this MoU will help increase awareness
and information on products for efficient buildings."
TERI and DuPont also agreed on the need to have vapor breathability for
a sound building envelope in the hot or mixed climate zones in India, where
using vapor barriers could lead to moisture problems. Subject to approval
by the Technical Advisory Committee set up by the Government of India, TERI
agreed to recognize the effective design and use of air and water barriers
in the building envelope, under the GRIHA rating system for Green
Schuler delivered the keynote address at the lecture series organized
by TERI, and underlined DuPont's commitment to sustainable building design.
A range of building design ideas were presented to the audience, which was
comprised of India's leading builders, policy makers and architects
involved in green building design.
DuPont is a select member of TERI-BCSD India which is an independent
platform for corporate leaders to address issues related to sustainable
development. The business council seeks to promote leadership in achieving
the triple bottom line: environmental management, social responsibility and
economic performance. Initiated by TERI, the BCSD has now evolved into a
strong industry body of 76 corporate members from diverse sectors across
DuPont manufactures and markets products for residential and commercial
construction that offer high-performance weather and climate protection for
buildings and their occupants, and sustainable energy management systems.
These products include: the DuPont(TM) StormRoom(TM) with Kevlar(R);
DuPont(TM) SentryGlas(R); DuPont(TM) Corian(R) and Zodiaq(R) solid surfaces
and Granite Certified by DuPont(TM); DuPont(TM) RoofLiner with Elvaloy(R);
DuPont(TM) Tyvek(R) Weather Barrier Systems including Tyvek(R)
AtticWrap(TM), the first breathable roofing membrane to create an airtight
attic, and Tyvek(R) ThermaWrap(TM), which helps reduce energy costs and
increase comfort by improving the reflection of radiant energy in wall
systems. DuPont also manufactures Tyvek(R) Weatherization Systems,
including DuPont(TM) Tyvek(R) CommercialWrap(TM) and DuPont(TM) Tyvek(R)
DuPont India is a subsidiary of the U.S. parent. DuPont's relationship
with India began in 1802 when the company received its first shipment of
raw materials from India to produce black powder for explosives. Today,
DuPont India markets a wide range of products in varied market segments.
With close to 750 employees, DuPont India revenues have been growing at a
rate of more than 25 percent annually in the last five years. DuPont India
has six production facilities in three locations representing DuPont Crop
Protection, DuPont Engineering Polymers, DuPont Refinish automotive paints
and Pioneer(R) seeds.
DuPont Building Innovations is one of five business units in the DuPont
Safety & Protection segment. The other businesses are DuPont Advanced Fiber
Systems, DuPont Nonwovens, DuPont Chemical Solutions Enterprise and DuPont
Safety Resources. The segment provides innovative products and services
that protect people, buildings, critical processes and the environment. In
2007, the segment's revenues totaled $5.6 billion.
DuPont -- one of the first companies to publicly establish
environmental goals 18 years ago -- has broadened its sustainability
commitments beyond internal footprint reduction to include market-driven
targets for both revenue and research and development investment. The goals
are tied directly to business growth, specifically to the development of
safer and environmentally improved new products for key global markets.
DuPont is a science-based products and services company. Founded in
1802, DuPont puts science to work by creating sustainable solutions
essential to a better, safer, healthier life for people everywhere.
Operating in more than 70 countries, DuPont offers a wide range of
innovative products and services for markets including agriculture and
food; building and construction; communications; and transportation.
The DuPont Oval Logo, DuPont(TM), The miracles of science(TM),
StormRoom(TM), Kevlar(R), SentryGlas(R), Corian(R), Zodiaq(R), Granite
Certified by DuPont(TM), Elvaloy(R), Tyvek(R), AtticWrap(TM),
ThermaWrap(TM), CommercialWrap(TM), DrainWrap(TM) and Pioneer(R) are
registered trademarks or trademarks of DuPont or its affiliates.
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Piracy in India's Entertainment Industry Causes Huge Losses to Indian Economy
India Business Council (USIBC) has released a new study showing huge job and
revenue losses to the Indian economy as a result of piracy in India's
burgeoning entertainment industry. The study - 'The Effects of
Counterfeiting and Piracy on India's Entertainment Industry' - prepared for
USIBC by Ernst & Young India, shows as much as Rs. 16,000 crores are lost
each year due to piracy. As many as 800,000 direct jobs are also lost as a
result of theft and piracy, afflicting India's entertainment industry.
Speaking at the Federation of Indian Chambers of Commerce and Industry
(FICCI) FRAMES 'Business of Entertainment' Conference, USIBC President, Ron
Somers, said, "This study estimates that the Indian entertainment industry
loses some 820,000 jobs and about $4 billion each year to piracy. This is
an enormous and unacceptable magnitude of loss - by any measure."
The piracy study was commissioned as part of the USIBC-FICCI
Bollywood-Hollywood Initiative. "This study covers film, music, television
and video games and has been funded by the Global Intellectual Property
Center of the U.S. Chamber of Commerce, which aims to highlight the value
of intellectual property, as well as illuminate the adverse impact theft
and piracy have on creativity and innovation. The Bollywood-Hollywood
Initiative promotes the sustainable growth and convergence underway between
the entertainment industries in both our countries."
Presented with a copy of the study, FICCI Secretary General, Dr. Amit
Mitra, said, "This study shows that the best way to make the boom in the
Indian entertainment bigger is to stop the affliction of piracy. For the
average Indian who wants to increase his or her chances for being employed
in Bollywood and associated industries, fighting piracy is a place where
all our collective efforts must start." Dr. Mitra went on to point out,
"The Media and Entertainment industry in India is an industry of the
future. India's entertainment industry already generates more than $11
billion annually for the country, growing at a combined annual rate of over
18%. If we can stop piracy, these industries will grow even faster and
employ more Indian workers."
Also present at the media briefing was Ramesh Sippy, famed producer and
director of the all-time number-one blockbuster 'Sholay.' Sippy said, "I
know first hand the importance of fighting piracy to support the growth of
Bollywood. I commend the USIBC-FICCI Initiative for enlisting all elements
of the entertainment industry against piracy."
Farokh T. Balsara, National Sector Leader, Media and Entertainment for
Ernst & Young India, said, "Our Mumbai office collected data for this study
from on the ground - via direct interviews with stakeholders from the
Bollywood entertainment industry. We looked at the industry from every
angle - films, music, TV, radio, and electronic games. The story was the
same across the board: if we can slow or stop piracy, a direct correlation
in the generation of wealth and employment will be the result."
Commenting on the USIBC-FICCI Bollywood-Hollywood Initiative, USIBC
President Ron Somers said, "This study is only the beginning. Now that we
have documented the job and revenue losses to the Indian entertainment
industry from piracy, we intend to continue fighting piracy across the
board. We will strive to bring these findings to the attention of the
average person in India. We will attempt to enlist more effectively the
U.S. and Indian governments to cooperate in fighting the scourge of piracy
in India, as well as in the U.S. and worldwide. We strongly support passage
by India of optical disc legislation that will thwart piracy in this
important industry. We are pleased to stand shoulder to shoulder with
counterparts in India to help protect jobs and revenues that are now being
needlessly lost to piracy."
Also previewed at FICCI FRAMES as a part of the Bollywood-Hollywood
Initiative was 'Illicit - The Dark Trade' - a special documentary that airs
world-wide, produced by National Geographic for the U.S. Chamber of
Commerce's Global Intellectual Property Center. This made-for-television
documentary shows that the problem of piracy is an epidemic affecting many
sectors of world-wide dimensions.
The U.S.-India Business Council, formed in 1975 at the request of the
Government of India and the U.S. Government to advance U.S.-India
commercial ties, is hosted under the aegis of the U.S. Chamber of Commerce.
The U.S. Chamber of Commerce is the world's largest business federation
representing more than 3 million businesses and organizations of every
size, sector, and region. The U.S.-India Business Council celebrates its
33rd Anniversary at the U.S. Chamber of Commerce on June 12, 2008 in
Washington, D.C. http://www.usibc.com
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First Uranium to build acid plant to secure future supply of sulphuric acid for its uranium plants at reduced costs
All amounts are in US dollars unless otherwise noted)First
Uranium Corporation (TSX:FIU, JSE:FUM) (ISIN:CA33744R1029) ("First Uranium"
or "the Company") today announced that, it will purchase and install an
"off the shelf" acid plant to produce sulphuric acid to reduce the future
costs and secure supply of acid required for its two uranium and gold
mining projects in South Africa, the underground Ezulwini Mine ("Ezulwini")
and the Mine Waste Solutions tailings recovery project ("MWS").
At a projected cost of $124 million, the acid plant will be installed at MWS, located in the Western portion of the Witwatersrand Basin approximately 160kilometres South-West of Johannesburg. Based on an analysis of pyrite feed-stock potential from the MWS tailings dams, a preliminary technical assessment and a recent market analysis, the Company expects that it will take 19 months to procure and commission the acid plant with anticipated production beginning in January 2010. The company has secured its initial requirements for sulphuric acid in a market where acid supplies remain very tight. The company anticipates significant acid price increases that are expected to continue in the medium term, as acid prices are closely related to the market for sulphur which is also indicating tight supply and significant price increases.
Reduced availability of electrical power in South Africa has caused
cutbacks in the operation of smelters and other facilities that produce sulphuric acid as a byproduct. The reduced supply of acid, increases in the cost of elemental sulphur (which is used to produce acid) and increased demand for acid in the base metal sector and for fertilizer production have led to rapidly increasing global acid prices. The Company has assessed and confirmed the economic viability of constructing an acid plant to provide
the required sulphuric acid for its operations to mitigate the effects of supply constraints and rapidly rising costs for acid.
To view Sulphur Spot Price Comparison Graph please visit:
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