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BUSINESS COVERAGE ISSUE

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Featuring Apple Company Report 1


McCannJHB912591

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EditoR’s notEs Welcome to issue 3 of Business Coverage. We are proud to feature one of the most recognisable brands in the world in this edition - Apple. With an impressive portfolio of computers, music players, phones and tablets, Apple has continued to exceed expectations with every new upgrade and nearly 40 years on from the company’s inception, the iPhone is the most loved smartphone in the world. Reflecting on the recent Special Apple Event on September 9th 2015, we take a look at the iPad Watch OS2, iPad Pro, iPad Mini 4, latest Apple TV and two brand new iPhones, the iPhone 6S and the iPhone 6S plus. These latest products across the entire portfolio pay testimony to Apple’s continuous innovation and highlight its strive for improvement, the new products even contain some technological innovations that have never been seen before. We also catch up with Qatar Rail’s progress on its three major projects: The Doha Metro, The Lusail Light Rail Transit (LLRT) and The Long Distance Passenger and Freight Rail. Also included are reports on TasRail, Toyota South Africa, Decmil and Kansai Plascon. Enjoy the issue.

BUSINESS COVERAGE OKM Media Ltd, 66 Prince of Wales Road, Norwich NR1 1LT PublishER OlIVER MOy okm@AubusinEssCovERAgE.Com dEsignER SAM WOOd sAm.wood@AubusinEssCovERAgE.Com hEAd of REsEARCh ABI ABAGUN Abi@AubusinEssCovERAgE.Com hEAd of REsEARCh SAM HUSSEIN sAhARdid.hussEin@AubusinEssCovERAgE.Com hEAd of REsEARCh CyNtHIA FAll CynthiA.fAll@AubusinEssCovERAgE.Com


Contents


EUROPE / MIDDLE EAST 6 - 21 News Stories 22 - 37 Qatar Rail

NORTH AMERICA 38 - 49 News Stories 50 - 67 Apple

69 Events AFRICA 70 - 81 News Stories 82 - 95 Kansai Plascon 96 - 107 Toyota South Africa

AUSTRALASIA 108 - 123 News Stories 124 - 133 Decmil 134 - 143 Tasrail


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dEUtSCHE tElEKOM ANd INMARSAt PARtNER tO dElIVER EUROPEAN AVIAtION NEtWORK Deutsche Telekom and Inmarsat have announced a strategic partnership bringing unprecedented passenger connectivity to Europe’s aviation industry and its customers. A new innovative, combined LTE-based ground network and satellite network delivers travellers in Europe the advantage of in-flight high-speed Internet access when in the air. Airlines will benefit from a cost efficient and future-proof connectivity solution. Deutsche Telekom and Inmarsat are working together to develop the European Aviation Network seamlessly combining satellite connectivity from a new Inmarsat S-band satellite with an LTE-based ground network developed and run by Deutsche Telekom. Lufthansa will be the first European hub airline to capitalise on innovative connectivity services in the sky. In early summer 2016, Lufthansa will launch a state-of-the-art satellitebased broadband service on board its European flights, which is based on the recently launched technology provided by Inmarsat. Building on this strategic relationship, Lufthansa is committed to a flight trial programme of the European Aviation Network from 2017 onwards. “This bold step will make Deutsche Telekom BUSINESS COVERAGE Issue 3


the first telecommunications operator to take the advantages of LTE technology to the European airspace and fits perfectly into our strategy to become the leading European telco,” explains Tim Höttges, CEO of Deutsche Telekom. “As a groundbreaking innovation we will roll out a powerful terrestrial network based on LTE within the European Aviation Network. This will be the first aviation connectivity network in Europe powered by both LTE and satellite combined! Our technology leadership provides a solid foundation for the best customer experience possible – be that on the ground or in the skies – and enables us to work with the finest partners in Europe and beyond.” “With this integrated network we can meet the need for capacity, flexibility and quality of service, including the ability to expand quickly to anticipate growth in demand,” says Andy Sukawaty, Chairman of Inmarsat. “The integrated satellite and complementary LTE-based ground network will ensure that Inmarsat and Deutsche Telekom together deliver the fastest, best and most consistent in-flight broadband experience that meets the needs of airlines in this region. Combined with our global GX (Ka-band) and L-band services, we now have connectivity solutions for the cockpit and the cabin of any type of aircraft, flying in any geography.” Europe’s airspace is one of the busiest in the world and still holds great potential. As a premium European airline, Lufthansa continues to look 7


EUROPE / MIddlE EASt nEws stoRiEs out for and implement innovative technologies to ensure future-proof, best-in-class service for its customers. “We are pleased to offer our passengers an outstanding Internet experience on board our short and medium haul flights already from 2016. This underlines once again that we are pioneers when it comes to digital services on board. Together with Deutsche Telekom and Inmarsat, we are thinking further ahead. We want to engage in the development of next generation technology to further strengthen our innovative and leading role in this field,” says Carsten

Spohr, CEO of Lufthansa. “We continue to strive for excellence when it comes to our passengers’ flying experience and the provision of reliable, consistent broadband connectivity aboard our planes, which will match that of high-speed home broadband in terms of speed and quality, is of extreme importance to us.” The connectivity platforms developed by Deutsche Telekom and Inmarsat have been designed specifically to meet the growing needs of passengers travelling across the high-traffic

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flight paths in Europe. They provide a longterm solution with abundant capacity, speed, and coverage to equal an at-home high-speed broadband customer experience while aboard an airplane. A first for Europe, the European Aviation Network consists of the Inmarsat S-band satellite, a stateof the-art platform, which will provide multi-beam pan-European coverage. The satellite is customdesigned to offer innovative mobile satellite services (MSS) to commercial and business airlines flying over the dense European routes, exploiting Inmarsat’s 30MHz (2 x 15MHz) S-band spectrum allocation in all 28 EU member states. It is combined on the ground with a new powerful mobile broadband network of approximately 300 LTE sites which Deutsche Telekom will build and manage. The LTE sites will have a range of more than 80 km (while conventional LTE sites have a range of 10 km or less), will be able to transmit data to the operating altitude of passenger planes, and are flexible enough to deal with the speed of a plane. Once the aircraft has reached 10,000ft, Deutsche Telekom’s ground network will be combined with the satellite connectivity. The switching between the satellite and the ground will be automatically managed by the cabin systems, creating no impact or interference with the service delivered on board. Lufthansa will take part in a flight trial programme of the new European Aviation Network from 2017 onwards.

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wolf minERAls CElEbRAtE thE offiCiAl oPEning of its dRAkElAnds minE At thE hEmERdon tungstEn And tin PRoJECt Specialty metals development company, Wolf Minerals Limited has celebrated a defining milestone in the United Kingdom’s mining industry with the official opening of the Drakelands mine constructed at the Company’s Hemerdon tungsten and tin project in Devon, southwest England. The official opening ceremony, held on site at Drakelands, was attended by over 200 local and international guests and dignitaries, including representatives from the local community, UK Government, regulators, customers and shareholders, all of whom have played key roles in the successful delivery of the Project. Managing Director Russell Clark, addressing the attendees said: “Since 2007, the Company has been working to make the

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Hemerdon tungsten and tin project a reality. Development of the Drakelands mine has only been possible with the hard work and enthusiasm of the Project and management teams, the support of local communities and assistance from many agencies and the local authorities.” “The successful financing, development and construction of this world-scale project marks the realisation of the Company’s goal of building and operating the first new metal mine in Great Britain for 45 years and becoming a significant producer of tungsten. Wolf has invested more than £140 million into the project and has created more than 200 permanent jobs, with many more involved during construction. The mine is expected to make a substantial contribution to the Plymouth, Devon and UK economies over the next decade.” “Everyone involved is incredibly proud of this achievement and I hope that the successful delivery of this Project proves to be a catalyst for a wider renaissance of metal mining in the UK.” The official opening ceremony comes only 18 months since construction of Drakelands began on site in March 2014. At its peak, more than 600 people were involved and construction of the project was completed on schedule in June 2015. Devon County Council Leader John Hart

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said: “There is a long heritage of mining and quarrying in this part of the county and to mine one of the world’s largest tungsten deposits will have a positive impact on the local and regional economy, which is good for jobs and the prosperity of Devon. It has taken some time for this project to come to fruition and the County Council has worked closely with Wolf Minerals to ensure the infrastructure and modern environmental controls required for the project are in place.”

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Business Minister Anna Soubry said: “This is an important and exciting day for this ambitious project and represents the culmination of lots of hard work, planning and investment. The new mine has created over 200 skilled jobs from geologists to engineers, mining surveyors and truck drivers and can provide a welcome boost for the local economy.� At full capacity Drakelands Mine is expected to be one of the largest tungsten concentrate producers in the Western World.

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CARIllION WINS £4.1BN UK GOVERNMENt CONtRACt Carillion is one of only three companies to be selected for all three “Lots” in the UK Government’s new Facilities Management Services agreement, namely, Total Facilities Management, Hard Facilities Management and Soft Facilities Management. In total, 19 suppliers have been selected for one or more of these three service Lots. The new Agreement replaces the current framework for facilities management contracts and Central Government Departments, Executive Agencies and Non-Departmental Public Bodies will be mandated to use the new Agreement to purchase facilities management services. The Government expects between £1.3 billion and £4.1 billion of services to be outsourced using the new Agreement, which will run until July 2019. The new Agreement is intended to provide public sector customers with a simplified and more efficient procurement framework that will reduce

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timescales for accessing facilities management services and the Government expects this to result in over ÂŁ200 million of savings to public sector customers, while providing greater transparency and improved management information. Carillion Chief Executive, Richard Howson, commented: “We are delighted to have secured one of only three places on this framework agreement for all three service Lots. Our selection further enhances our position as a leading provider of facilities management services to the public sector and should offer new opportunities to grow our UK support services business.â€?

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PEtRofAC lAnds $900m ContRACt Oil and gas services provider Petrofac has landed a four-and-a-half year contract with Petroleum Development Oman (PDO) to provide services for its Yibal Khuff project. The total contract value is expected to be around $900m, with around one-quarter of the revenues relating to professional services. Craig Muir, the managing director of Petrofac’s engineering & consulting services business, said: “This contract ... reinforces our presence in Oman, where we have a number of ongoing projects and a local engineering office, and where this project will further complement our agenda for increasing in country value. “We will continue to maintain a strong focus on this aspect of our delivery by accessing the local supply chain and recruitment of local resources and we are very much looking forward to growing and strengthening the team working alongside PDO to deliver this project.” Under the agreement, Petrofac will provide reimbursable detailed engineering, and construction and commissioning management support services and procurement on an incentivised pass-through basis. This will extend throughout construction and during start-up of the integrated oil and sour gas facility.

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ROllS-ROyCE WINS FINNAIR SERVICING CONtRACt Rolls-Royce will provide long term TotalCare engine service support for Trent XWB engines that will power 19 Airbus A350 XWB aircraft to be operated by Finnair. Finnair was the first airline to select the A350 XWB and will be the first European airline to receive the aircraft later this year. Jari Huhtinen, Finnair, Vice President, Finnair Technical Operations, said: “The state-of-the-art Rolls-Royce Trent XWB engines power Finnair’s new A350 XWB fleet, which in turn powers Finnair’s growth strategy. The world-class engine servicing offered by Rolls-Royce is one important element in maintaining the reliability record that Finnair is known for. The contract also helps us effectively manage the life cycle costs of the engines.” Bruce Blythe, Rolls-Royce, Senior Vice President – Customers, Civil Large Engines said: “We welcome Finnair as a new TotalCare customer, and we look forward to providing services that will help ensure Finnair is fully supported through its A350 XWB entry into service and beyond.” The Trent XWB is the world’s most efficient large civil aero engine, and the fastest-selling civil large engine ever, with more than 1,500 engines already sold. It entered into service for the first time earlier this year. 17


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AiRPoRts Commission RECommEnd nEw RunwAy At hEAthRow Britain should build a third runway at London’s Heathrow Airport, a government-appointed commission into the country’s airport capacity said in a report set to create a political headache for Prime Minister David Cameron. Lawmakers broadly agree that southeast England needs a new runway to remain economically competitive but its location has been disputed for over 25 years. Proposals to expand Heathrow in densely-populated west London are politically divisive and likely to fuel tensions in the ruling Conservative party. After a three-year study, the Airports Commission, as expected, selected a new runway at Heathrow over two other shortlisted options, arguing that it offered Britain the best way to add “urgently required” long-haul routes to new markets. “Heathrow ... provides the greatest benefits for business passengers, freight operators and the broader economy,” the commission’s chairman, Howard Davies, said.

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It is now up to the government to decide whether to accept the Heathrow option that Cameron, when in opposition in 2009, said would not happen under his watch, “no ifs, no buts”. The Heathrow recommendation was accompanied by a package of measures to limit the noise and environmental impact of a new runway.

A previous expansion plan for Britain’s busiest airport was scrapped in 2010. The new proposal was described by the Airports Commission as “fundamentally different”, citing its more westerly location and accompanying conditions to ban night flights and introduce a noise levy, and a government pledge not to add more runways later. Heathrow’s largest shareholder is Spanish infrastructure firm Ferrovial (FER.MC). Other partners include Qatar Holding, China Investment Corp and the Government of Singapore Investment Corp.

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MICHElMERSH B NAMES NEW Building materials and landfill company Michelmersh Brick Holdings has named Frank Hanna and Peter Sharp as the joint chief executive officer. The London-listed group said that its current commercial director, Hanna, and current operations director, Sharp, will begin their new role on 1 January 2016, when the current chief executive Martin Warner will move into the role of deputy chairman. “The board has thought for some time about the future of the group and we are confident that Frank and Peter will thrive under the additional responsibility and provide benefits for the group and its stakeholders,” said group chairman Eric Gadsden. “They both have an excellent understanding of the business and, as a team, will provide a diverse range of key skills for the successful future of Michelmersh.”

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BRICK HOldINGS JOINt CEO’S

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QA


ATAR RAIL Connecting the future

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B

enefiting from the highest per-capita income and lowest unemployment rate in the world and with proved oil reserves in excess of 25 billion barrels, as well as possessing 13% of the world’s total natural gas (third largest proved reserves in the world), Qatar has continued to prosper in recent years. Its growth requires improved transportation for the developing nation. Furthermore, Qatar’s successful 2022 World Cup bid is accelerating large-scale infrastructure projects. To accommodate this growth, Qatar Rail was established by Emiri decree in 2011 with

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three major projects to get on track: The Doha Metro, The Lusail Light Rail Transit (LLRT) and The Long Distance Passenger and Freight Rail. The Doha Metro project: The most prominent and visible project for Qatar Rail, the Doha Metro, will serve both the capital and the suburbs of the country, making all major locations convenient to reach. Building a state of the art metro service requires equally modern methods, using specialised Tunnel Boring Machines (TBM) to dig underground stations; the metro system will be built in two phrases. Initially, the first phrase will involve Qatar Rail

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EUROPE / MIddlE EASt constructing three of the four underground lines to be known as Red, Gold and Green as well as 37 stations. With more than 50km underground, the Doha Metro project entails a great deal of construction, with the first three lines expected to open to the public in late 2019. More major work will begin during the second phase which comprises of expanding the phase one lines and adding another one, the Blue Line, which will boast an additional 72 stations. Clearly taking their objective to provide a reliable and excellent rail system seriously, the second phase is expected to be completed in 2026 with the Red; Green and Gold lines all meeting at the heart of the Doha Metro in the

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largest station, Msheireb. The Doha Metro will have the capacity to transport 60,000 passengers a day; it’s aiming to reduce the number of cars on the road by 17,000 and has the potential to save 100 tonnes of CO2. Recognising the importance of both the stations’ practical and cultural sides to any metro system, Qatar Rail’s stations will architecturally reflect the heritage of the country. This will be achieved by designed all stations in a contemporary ‘vaulted space’ concept; reflecting the country’s heritage by creating open spaces that emulate traditional Bedouin tents.

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BUILDING THE PLATFORM OF CUTTING EDGE MOBILITY

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www.bombardier.com

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Bombardier Transportation is highly active & thrives in the areas of: đƫ Passenger Rolling Stock đƫ Railway Signalling Equipment & Installation đƫ Turnkey Transportation Systems đƫ Propulsion & Train Control đƫ Bogies đƫ Asset Management


Looking far ahead while delivering today, Bombardier is evolving mobility worldwide by answering the call for more efficient, sustainable and enjoyable transportation everywhere. Our vehicles, services and, most of all, our employees are what make us a global leader in transportation.

Some of our current high profile projects in Australia include but are not limited to: đƫ Melbourne E Class Trams đƫ Adelaide A-City EMU Trains đƫ Adelaide DMU & EMU Fleet Maintenance đƫ Adelaide Light Rail Vehicle (Trams) đƫ VLocity DMU Trains đƫ V/Line Fleet Maintenance đƫ Queensland Next Generation Rollingstock (QNGR) đƫ Gold Coast Rapid Transit System đƫ Perth “B” Series Trains đƫ Perth A & B Series Fleet Maintenance

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EUROPE / MIddlE EASt Long Distance: Not only aiming to connect Qatar’s residents to its regions, The Long Distance Passenger and Freight Rail will serve to connect residents to population centres in the rest of the Gulf Cooperation Council (GCC) which encompasses countries such as Saudi Arabia, Bahrain, Kuwait, the UAE and Oman. As well as helping to create an easy and convenient transport link for the GCC, the rail network will have beneficial consequences on the country’s environment by replacing the need for countless cars and trucks to make the same trip that this new and efficient line will offer.

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With plans to eventually cover a distance of 350km, the Long Distance line will be developed in distinct stages with phase 1 consisting of almost 143km of operational railway track. Consisting of five main lines, the Long Distance Passenger and Freight Rail Network will have one freight line, one high speed passenger train line from Doha to Bahrain and three lines that combine passenger and freight transportation. The four phases involved consist of in-depth construction works from bridges, freight yards and stations to installation and integration of equipment. Expected to be completed in 2030, this line will also bring numerous economic, environmental and social benefits to Qatar.

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EUROPE / MIddlE EASt Lusail Light Rail Transit: Just north of Doha sits Lusail City, a visionary waterfront development that is currently under construction to become an environmental and selfsustaining community. Lusail city’s design includes residential and commercial developments including schools, medical facilities, shopping centres and more. The Lusail Light Rail Trainsit (LLRT) network will operate to serve its city’s residents in the form of an environmentally-friendly, safe and modern mode of transport. The LLRT will not only connect destinations with Lusail City but will also make Doha easily accessible by way of the Doha Metro.

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Consisting of four lines and measuring 38.6km, the LLRT will have 25 stations at-grade in various configurations. Seven of which will be underground stations, it will also have one viaduct to accommodate LRT passengers with the regional railway, an LRT depot, operation, maintenance and storage facility and a test track. Expecting to arrive at completion of all three projects by 2030, Qatar Rail aims to have the networks acting as one sustainable and efficient integrated system for both its growing population and its transportation of freight. This extensive plan of construction clearly involves a lot of initial work but Qatar Rail is on track to achieve their vision of becoming the favoured mode of transport for all. The company is responsible for developing the railway sector framework from safety procedures to strategies and managing costs to delivering the projects on time, whilst integrating the network with pre-existing modes of transport. Qatar Rail’s mission is to provide integrated railway services that are reliable, attractive and safe with continual commitment to excellence and sustainability. Based on its systematic stepped approach to achieve this, it will have transformed the transportation sector in Qatar within 15 years if all goes to plan. Through its shared values of integrity, passion, accountability, respect, collaboration and responsibility, Qatar rail is aiming to achieve a number of goals. Its strategic objectives are: Programme delivery: Deliver the rail program of desired quality in a cost effective and safe manner, on time. 33


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Attractiveness & sustainability: Provide customer centric integrated railway services that are accessible, efficient, competitive, comfortable safe and reliable whilst maximising social, economic and environmental benefits. Reliability & excellence: To operate and maintain a robust and stable railway service that meets the expectations of its customers and partners whilst following international best practices for safety, security and health. Employer of choice: To position Qatar Rail as the employer of choice in Qatar and globally within the rail industry. Business viability: To conduct activities with focus on creating value for stakeholders and maximising returns on investment. With clear goals and the distinct planning that is going into the Qatar Rail projects, it is fair to say the company’s future is on track. Making its way to ‘State-Of-The-Art Station’, Qatar Rail and Qatar’s transportation sector as a whole, is certainly one to watch. The man behind the wheel: In charge of driving the organisation and planning the route for Qatar Rail’s future is Abdulla Abdulaziz Al Subaie, Managing Director of Qatar Railways Company since March 2011. As Managing Director, he is responsible for overall leadership and direction in developing Qatar’s rail industry in line with the Qatar National Vision 2030. Abudlla Abdulaziz Al Subaie was the Group Chief Executive Officer of Barwa, Qatar’s leading real estate development and investment holding

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group from 2011 to 2014. During which time, Barwa accomplished a significant turnaround. Under his leadership, Barwa was transformed and positioned to achieve sustainable growth. Prior to Barwa, Abudlla Abdulaziz Al Subaie was Chief Executive Officer of Smeet, an affiliate of the Qatari Diar Group and was with the company from its formation in 2008 until March 2011, when he joined Qatar Rail. A Qatari national himself, Abudlla Abdulaziz Al Subaie was born in 1975 and achieved a Masters in Business Administration (MBA) in 2006 from Qatar University. He held various other leadership and senior project management positions within the Qatar General Electricity & Water Corporation and serves on the Boards of many high profile Qatari organisations. Deservedly, Abudlla Abdulaziz Al Subaie was recognised for his outstanding accomplishments in 2012 when he achieved the award of ‘Master class CEO of the year’ during the 3rd Middle East Leadership Summit & Awards.

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vERiZon is fiRst u.s. wiRElEss ComPAny to offER RoAming in CubA Following on from the United States officially reopening its embassy in Cuba, Verizon Wireless customers who travel internationally can connect easily – including talk, messaging and data – while in the Caribbean’s largest nation, through the company’s Pay-As-You-Go International Travel option. Verizon is the first U.S.-based wireless company to offer roaming in Cuba. “Our customers are citizens of the world, and we want them to seamlessly enjoy a great Verizon experience wherever they travel,” said, Javier Farfan, vice president of cultural and segment marketing for Verizon. “By offering international services while traveling in Cuba, we are making it simple and easy for our customers to stay connected wherever and whenever they choose.” The process is simple. Customers using a World Device who are traveling to Cuba can optin to add the Pay-As-You-Go International Travel option. While in Cuba, voice calls are $2.99 per minute, data is $2.05 per megabyte and standard international messaging rates apply. This allows customers the ability to stay connected while in Cuba.

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HIKMA tO BUy U.S SPECIAlIty GENERIC dRUGS BUSINESS Hikma Pharmaceuticals Plc has said it will buy German drugmaker Boehringer Ingelheim’s U.S. speciality generic drugs business for about $2.65 billion (£1.75 billion) in cash and stock to bolster its presence in the United States. Hikma said it will pay about $1.18 billion in cash and issue 40 million new Hikma shares, or about 16.71 per cent of its issued share capital, for Boehringer’s Roxane Laboratories Inc and Boehringer Ingelheim Roxane Inc on closing of the deal. The Jordanian company, which makes and markets branded and non-branded generics and injectable drugs, said the deal would make it the sixth biggest U.S. generics provider.

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APPlE intRoduCEs nEw iPhonE 6s And iPhonE 6s Plus Apple® has announced iPhone® 6s and iPhone 6s Plus, the most advanced iPhones ever, adding a powerful new dimension to iPhone’s revolutionary Multi-Touch™ interface. The new iPhones introduce 3D Touch, which senses force to enable intuitive new ways to access features and interact with content. iPhone 6s and iPhone 6s Plus feature Retina® HD displays made from the strongest glass on any smartphone and 7000 series aluminum, the same alloy used in the aerospace industry, in gorgeous metallic finishes that now include rose gold. iPhone 6s and iPhone 6s Plus also introduce a transformative new approach to photography called Live Photos, bringing still images to life by capturing a moment in motion. Live Photos, 3D Touch and other advancements in the new iPhones are powered by the Apple-designed A9 chip, the most advanced chip ever in a smartphone, delivering faster performance and great battery life.

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“The only thing that has changed with iPhone 6s and iPhone 6s Plus is everything — 3D Touch lets users interact with iPhone in entirely new and fun ways, and the innovative Live Photos brings your pictures to life,” said Philip Schiller, Apple’s senior vice president of Worldwide Marketing. “These are the most advanced iPhones ever, with 7000 series aluminum, ion-strengthened glass, the new 64-bit A9 chip, 12-megapixel iSight and 5-megapixel FaceTime HD cameras, faster Touch ID, LTE and Wi-Fi. Customers are going to love them.”

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AGGREKO ACQUIRES CANAdIAN tEMPERAtURE CONtROl BUSINESS ICS GROUP Aggreko has announced that, it has entered into an agreement to acquire substantially all of the assets associated with, and used in connection with, the equipment rental business of ICS Group, Inc. (“ICS”), a leading provider of mobile temperature control services in Canada. The total consideration is C$37.0 million (£18.0 million); in the 12 months to July 2015, ICS had revenues of C$18.2 million (£8.9 million). The agreement is contingent on the satisfaction of a number of pre-closing conditions usual for a transaction of this type. The acquisition will not only establish Aggreko in the North American heater market, it will provide a geographic footprint in cities such as Calgary and Winnipeg where the Company does not currently operate and complements many of Aggreko’s key sectors including oil & gas, industrial and events. Aggreko’s acquisition of ICS will add more than 60 experienced and skilled employees and more than 2,100 fleet assets to the Rental Solutions

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business. Following a period of transition, Aggreko plans to integrate the operations of ICS with its Western Canada business, before expanding into other areas within North America. Chris Weston, Chief Executive, said: “The acquisition of ICS enhances our temperature control business in North America and gives our customers an unparalleled range of equipment and service options. Temperature control products are used extensively in our target sectors and benefit our core business as they generally require associated power. Today’s announcement underlines Aggreko’s clear commitment to deliver growth both organically and through bolt-on acquisitions.”

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sChlumbERgER to buy CAmERon intERnAtionAl Schlumberger Limited (NYSE: SLB) and Cameron (NYSE: CAM) have announced a definitive merger agreement in which the companies will combine in a stock and cash transaction. The agreement was unanimously approved by the boards of directors of both companies. Under the terms of the agreement, Cameron shareholders will receive 0.716 shares of Schlumberger common stock and a cash payment of $14.44 in exchange for each Cameron share. Based on the closing stock prices of both companies on August 25, 2015, the agreement places a value of $66.36 per Cameron share, representing a 37.0% premium to Cameron’s 20day volume weighted average price of $48.45 per share, and a 56.3% premium to Cameron’s most recent closing stock price of $42.47 per share. Upon closing, Cameron shareholders will own approximately 10% of Schlumberger’s BUSINESS COVERAGE Issue 3


outstanding shares of common stock. Schlumberger expects to realize pretax synergies of approximately $300 million and $600 million in the first and second year, respectively. Initially, the synergies are primarily related to reducing operating costs, streamlining supply chains, and improving manufacturing processes, with a growing component of revenue synergies in the second year and beyond. Schlumberger also expects the combination to be accretive to earnings per share by the end of the first year after closing. The transaction combines two complementary technology portfolios into a “pore-to-pipeline” products and services offering to the global oil and gas industry. On a pro forma basis, the combined company had 2014 revenues of $59 billion. Paal Kibsgaard, Chairman and Chief Executive Officer of Schlumberger remarked, “This agreement with Cameron opens new and broader opportunities for Schlumberger. At our investor conference in June 2014, we highlighted how the E&P industry must transform to deliver increased performance at a time of range-bound commodity prices. With oil prices now at lower levels, oilfield services companies that deliver innovative technology and greater integration while improving efficiency, which our customers increasingly demand, will outperform the market. “We believe that the next industry technical breakthrough will be achieved through integration

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of Schlumberger’s reservoir and well technologies with Cameron’s leadership in surface, drilling, processing and flow control technologies. Deep reservoir knowledge further enabled by instrumentation, software and automation, will launch a new era of complete drilling and production system performance. “In addition, we will achieve significant efficiency gains through lowering operating costs, streamlining supplychains,andimproving manufacturing processes while leveraging the Schlumberger transformation platform. We look forward to welcoming the talented employees of Cameron and are pleased that they will be joining the Schlumberger team as our fourth product group.” Jack Moore, Chairman and Chief Executive Officer of Cameron, added, “This exciting transaction builds on our successful partnership with Schlumberger on OneSubsea and will position Cameron for its next phase of growth. For our shareholders, this combination provides significant value, while also enabling them to own a meaningful share of Schlumberger. Together, we will create a premier oilfield equipment and service company with an integrated and expanded platform to drive accelerated growth. “By bringing together Cameron and Schlumberger, we will be uniting two great companies with successful track records,

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performance and value creation. We look forward to working closely with Schlumberger to achieve a seamless post-closing integration and long term value for all of our stakeholders.� The transaction is subject to Cameron shareholders’ approval, regulatory approvals and other customary closing conditions. It is anticipated that the closing of the transaction will occur in the first quarter of 2016.

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WARREN BUFFEtt BUyS PRECISION CAStPARtS IN dEAl WORtH $37BN The boards of directors of Berkshire Hathaway Inc. (NYSE: BRK.A; BRK.B) and Precision Castparts Corp. (“PCC”) (NYSE: PCP) have unanimously approved a definitive agreement for Berkshire Hathaway to acquire, for $235 per share in cash, all outstanding PCC shares. The transaction is valued at approximately $37.2 billion, including outstanding PCC net debt. “I’ve admired PCC’s operation for a long time. For good reasons, it is the supplier of choice for the world’s aerospace industry, one of the largest sources of American exports. Berkshire’s Board of Directors is proud that PCC will be joining Berkshire,” said Warren E. Buffett, Berkshire Hathaway chairman and chief executive officer. “We are very pleased to be joining forces with Berkshire Hathaway,” said Mark Donegan, PCC’s chairman and chief executive officer. “We see a unique alignment between Warren’s management and investment philosophy and how we manage PCC for the long-term. We believe that as part of Berkshire Hathaway, PCC will be exceptionally well-positioned to support our customers’ needs into the future. This transaction offers compelling

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and immediate value for our shareholders, and allows PCC’s employees to continue to operate in the same manner that has generated many years of exceptional service and performance to our customers.” The transaction requires approval by a majority of PCC’s outstanding shares. Closing is expected to occur during the first quarter of calendar 2016, subject to customary closing conditions, including clearance under the HartScott-Rodino Act and competition clearance in certain foreign jurisdictions. PCC will continue to do business around the world under the Precision Castparts name and maintain its headquarters in Portland, Oregon.

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AppLe Redefining the way we live

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n April 1st 1976, Apple Computer Inc. was founded and the long journey to become one of the world’s favourite tech start-ups began. Recognising the brilliance of Steve Wozniak’s invention, Steve Jobs and Ronald Wayne began building the first Apple computer in Jobs’ family home in California. Risking all the money they had, persuading family to help solder parts for their first orders and owing money for the components ultimately saw Wayne sell his share in the company within weeks of Apple Computer Inc.’s inception but with a dream that would eventually become reality, the two Steve’s continued. Each of the 200 Apple Computer 1 units were hand built by Wozniak and it’s said that friends and family helped to solder parts on Jobs’ kitchen table, a far cry from the hundreds of experts involved in producing the millions of units that Apple sells today. As with any company, Apple has had its ups and downs over the years but its Apple’s phenomenal growth in recent

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history that solidifies the company as one of the most important and influential brands in the technology industry. With the success of Mac vs PC campaigns and the introduction of the iPod in the early 2000s, it was clear Apple was not content being a small player in the market. Moving to Intel, which offered a vastly superior processing chip, along with the iPod becoming the world’s biggest selling mp3 player and the first ever iPhone not far from being launched, Apple had successfully begun to reach out to the masses. This was just the beginning. With an impressive portfolio of computers, music players, phones and tablets, Apple continued to exceed expectations with every new upgrade and nearly 40 years on, the iPhone is the most loved smartphone in the world. Speaking at the recent Special Apple Event on September 9th 2015, CEO Tim Cook introduced the iPad Watch OS2, iPad Pro, iPad Mini 4, latest Apple TV and two brand

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new iPhones, the iPhone 6S and the iPhone 6S plus. These latest products across the entire portfolio pay testimony to Apple’s continuous innovation and highlight its strive for improvement, the new products even contain some technological innovations that have never been seen before. Apple Watch OS2 Changing daily lives across the world, Apple Watch OS2 provides a quick and easy device to communicate, listen to music, purchase goods

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and monitor health and fitness of the user from one small, convenient and portable device strapped to their wrist. Cook states that customer satisfaction of the Watch is an incredible 97% highlighting Apple’s ability to meet demands of its customers. Offering a range of faces, straps and apps, Apple Watch users can simply send a text, check the weather, look at their schedule or even find directions from the device on their wrist. As developers continue to work on Apple Watch, new apps and capabilities are available all the time.

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NORtH AMERICA iPad Pro & iPad Mini 4 The brand new iPad Pro has an increased size of 78% larger screen area than its previous model and boasts a generous 12.9 inch retina display that enables the user to see and do more than ever before. For the first time, the iPad Pro offers four speakers that create a cinematic experience. iPad Pro enables tools and interactions that haven’t been possible before and continues to transform the way things are done. Achieving its goal of being more productive, it is the flagship of the iPad range and with 5.6 million pixels, it has the highest resolution of any iOS device. Driving its high level of performance is the impressive A9X chip which was specifically designed for the iPad Pro and for the first time ever the tablet’s automatic refresh ability responds to activity, ensuring the iPad is the most energy

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All the power of a PC All the flexibility of Android CloudGate is a palm-sized computer, running Google’s Android operating system, that has changed the way desktop computing works. It costs just R 1,999 — but plug it into any HD monitor or TV screen, add a keyboard and mouse, provide a basic Internet connection and you have a powerful system for work, home or play. Run anything Android, Access anything Windows, all from a single device.

Get yours online from takealot.com or visit www.cloudgate.co.za for more information. 57


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efficient it has been whilst helping the battery maintain its 10 hour life promise. Not content with this one new powerhouse of an iPad, Apple have also introduced the iPad Mini 4 which boasts the power and performance of the iPad Air 2 but weighs just 0.65lbs. Therefore as of September 2015, the iPad line up consists of iPad Mini 2, iPad Mini 4, iPad Air, iPad Air 2, iPad Air Pro creating a collection of iPads that suit every budget and requirement of its customer base.

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Apple TV With great content for TV being created all the time, Apple has seen an opportunity in the market to revolutionise the TV experience which has seemingly remained relatively still whilst technology races ahead in other areas of technology. Apple believes the future of TV is through apps, with the transition already beginning as users spend more time on devices than ever.

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This month, Apple launched the new Apple TV. Combining TV, Movies, an App Store and music to create one immersive experience, Apple’s interface brings the same connected experience it achieves on its mobile devices through the use of voice and touch in its revolutionary new remote. The Siri remote allows the user to ask for specific shows and filter content based on all sorts of criteria. A user might be looking for funny shows and can ask Siri to ‘show me comedies’; it then lists them sorted by popularity with details and episodes of relevant content. Siri filters search content by cast, age, genre, director and even age rating. With Apps changing how we use phones and tablets, it’s possible that Apps will redefine the way users watch TV. Games that have BUSINESS COVERAGE Issue 3


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previously only been available on consoles will be available on TV and having Apps such as AirBnB at your fingertips enables a family to book a holiday together from the sofa. Specific and exclusive games are also being developed for the TV making the Apple TV experience completely unique and fun for the whole family. Combining visual and social benefits of shopping, apple TV even enables a virtual fashion show to unfold from your living room as you shop using your TV. Furthermore, if sport is on the agenda, Apple TV’s split screen mode enables the user to watch two matches simultaneously and collect live scores from other matches happening at the same time. To quote Apple, ‘This is the foundation for the future of television’ and the new Apple TV will be available in 80 countries by late October 2015. iPhone 6S & iPhone 6S Plus. Launched this year, iPhone 6 is the most popular iPhone ever and impressively the ‘most loved phone’ according to Apple. The iPhone 6S and iPhone 6S Plus strive to be the most innovative yet with the tag line ‘the only thing that’s changed is everything’, Apple even claims that these iPhones are the most advanced smart phone in the world. Made with the strongest glass in the industry, these new phones are incredibly durable. Introducing 3D touch, along with recognising familiar gestures, the latest iPhones recognise the force behind each touch and react in a smooth, linear way. The phone even creates 63


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shortcuts for frequent activities and provides distinct, tactile feedback to actions. This combination of hardware and software engineering makes the new iPhone 6S and iPhone 6S Plus the most advanced iPhone that Apple has ever invented and adds an entirely new experience to the user. Furthermore, the new 12MP iSight camera even offers 50% more pixels than the previous iPhone 6, without comprising on the focus and results of the photo and for the first time, the new iPhone can shoot 4K video which has the ability to capture videos with 8 million pixels in every frame and is complimented by a 5MP FaceTime HD camera. Perhaps the most impressive new feature of all is the live photo feature that Apple announced this month which enables a photo to come alive like never before by capturing seconds before and after the photo. Finally, the all-important iPhone WiFi connectivity is twice as fast as before and as all Apple products are, the iPhone 6S and iPhone 6S Plus are made in the most environmentally friendly way possible.

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THE CEO Cook is the man behind the most valuable company in the world and joined Apple in 1998 following a 12 year career at IBM, among other positions. Aged 54, Cook also serves on the board of directors of Nike Inc. and the National Football Foundation. He exclaimed in the recent Special Apple Event that it is Apple’s employees that are changing lives. T Through innovative technology, it is undeniable that Apple’s innovation in new product development has revolutionised the way we communicate. Cook has just completed his fourth year as CEO of Apple succeeding Steve Jobs in 2011. From humble beginnings, Apple is the perfect example of what can be achieved through hard work, determination and innovation. Its philosophy is literally ‘simple’ and it is that ethos that appeals to consumers across the globe. Today, following another incredible year, Apple continues to shine as one of the most loved brands in the world whilst its growth and sales go from strength to strength.

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EvEnts IP Expo Europe

October 7th 2015 - October 8th ExCel, London, England

Gastech 2015

October 27th - October 30th Singapore EXPO, Singapore

ADIPEC 2015

November 9th - November 12th Abu Dhabi, UAE

AfricaCom

November 17th 2015 - November 19th Cape Town, South Africa

African Mining Indaba

February 08th 2016 - February 11th Bauma 2016

April 11th 2016 - April 17th Munich, Germany

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ZAMBIA tO CONStRUCt KABOMPO GORGE HydROElECtRIC POWER PROJECt The Government of the Republic of Zambia has signed an Implementation Agreement for the development of the Kabompo Gorge Hydroelectric Power Project at a ceremony held in Lusaka. Represented by the Permanent Secretary in the Ministry of Mines, Energy and Water Development, Brigadier-General Emelda Chola, observed that signing of the Implementation Agreement will enable CEC complete the remaining project pre-implementation activities including the mobilization of financial resources for the construction of the project. She stated that in view of the current power deficit and the load shedding the country was facing, the project would provide a sustainable source of electricity and stimulate socioeconomic development through job creation

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during and after construction. CEC and CEC-KHPL Chairman, Hanson Sindowe, said the Implementation Agreement is essentially the go-ahead from the Government and an assurance that it [Government] was behind CEC and would do all that it needs to do to ensure that the project takes off. “The Government has, as witnessed today, given us the concession to develop this project. Certain actions and rights can only be taken and granted by the Government and it is these that underlie the Implementation Agreement�, he stated. The Implementation Agreement provides direct contractual obligations and undertakings on the part of both the Zambian Government and the project developers.

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bRiAn molEfE ConfiRmEd As nEw Eskom CEo Cabinet has appointed Brian Molefe as chief executive of power utility Eskom on a permanent basis. Molefe had been acting chief executive since mid-April when he was drafted in from state rail freight firm Transnet to try to stabilise the troubled power producer, which is battling to keep the lights on in Africa’s most industrialised economy. Public Enterprises Minister Lynne Brown has welcomed the appointment of three executives aimed at stabilising Eskom. “Cabinet this week approved the appointments of Dr Ben Ngubane as chairman of Eskom’s board, Brian Molefe as chief executive and Anoj Singh as chief financial officer (CFO) of the stateowned company. I welcome these appointments and they are part of my ongoing interventions to stabilise Eskom,” she said. Ngubane had been appointed the acting chairman on March 30. This followed the resignation of chairman Zola Tsotsi. “Together with Mr Molefe, who was seconded from Transnet in mid-April 2015, they have been successful in bringing stability to the company while dealing with a constrained grid. “The executive was further strengthened when

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Mr Singh was seconded from Transnet as acting CFO from August 1, 2015 for a period of six months. “I want to thank the Transnet board for agreeing to second Mr Molefe and Mr Singh to Eskom,� said Brown. Now that they have been permanently appointed at Eskom, the minister has requested the board to start the process to fill these vacancies at Transnet. Ngubane, the former minister of arts, culture, science and technology, and also ambassador to Japan, has vast experience in the health sector, both local and international. He has also served on the boards of various children and community based organisations. Molefe’s qualifications include an honorary doctorate in engineering from the University of Glasgow Caledonian; Masters of business leadership, University of South Africa; post-graduate diploma in Economics, London University.

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SASOl INZAlO PUBlIC lIMItEd ANNOUNCES INtENtION tO lISt ON JSE Sasol Inzalo Public Limited has announced its intention to list on the BEE Segment of the Main Board of the stock exchange operated by the JSE. The requisite documentation for listing is currently being reviewed by the JSE and neither the documentation nor the application for listing has been formally approved by the JSE. If approved by the JSE, Sasol Inzalo Public shareholders will be approached for the approvals required to enable a listing. Sasol Inzalo Public was established by Sasol Limited in 2008 to allow previously disadvantaged South Africans an opportunity to acquire an interest in the company and to share in Sasol´s success. This includes black South Africans, B-BBEEowned companies and B-BBBEE controlled companies, as defined in the Broad-Based Black Economic Empowerment Act, No. 53 of 2003 (BEE Act). Sasol Inzalo Public indirectly owns 2,4% of Sasol´s total issued share capital. The proposed listing of the ordinary shares in Sasol Inzalo Public on the JSE will provide existing and prospective holders of ordinary shares in Sasol

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Inzalo Public with access to a licensed trading platform with the benefits of a globally recognised stock exchange in a regulated environment. This includes a market determined share price and exit mechanism, while ensuring that Sasol Inzalo Public ordinary shares are traded exclusively amongst BEE compliant persons, as defined in the JSE Listings Requirements, for the remaining duration of the empowerment period, which commenced on 8 September 2008 and will end on 7 September 2018 (Empowerment Period). The board of directors of Sasol Inzalo Public decided to list the ordinary shares in Sasol Inzalo Public on the JSE pursuant to a directive issued by the Financial Services Board (FSB) to the effect that it would not allow existing single counter trading mechanisms to continue operating without a license under the Financial Markets Act 2012 (Act No 19 of 2012)(FMA). Sasol Inzalo Public has been granted an exemption to operate its existing trading mechanism until 30 November 2015. Commenting on the proposed listing, Ms Khungeka Njobe, Chairman and Independent Non-Executive Director of Sasol Inzalo Public, said “By listing Sasol Inzalo Public on the main board of the JSE, shareholders will be able to trade on a world-class stock exchange and benefit from the flexibility this platform offers. She added, “This is testament of the commitment to our shareholders and ensuring that we comply with all regulatory requirements”.

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kEllogg tARgEts AfRiCAn gRowth Kellogg Company (NYSE: K) has announced a new, long-term partnership with leading food company Tolaram Africa, significantly increasing Kellogg’s presence in the growing African market and advancing the company’s breakfast, snacks and emerging market strategies to drive future growth. Highlights of today’s announcement include; The creation of a joint venture between Kellogg Company and Tolaram Africa to develop snacks and breakfast foods for the West African market. The acquisition of 50 percent of Multipro, a

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premier sales and distribution company in Nigeria and Ghana. The right to acquire a stake in Tolaram Africa Foods (which owns 49 percent of Dufil Prima) in the future. Dufil Prima manufactures and markets several leading food brands, including Indomie noodles, which are often consumed at breakfast, as well as Minimie snacks, Power oil and Power pasta. “As a region that is experiencing explosive growth, with a population of almost one billion people and an economy that is expected to more than double over the next 10 years, Sub-Saharan Africa provides tremendous opportunity for our company,” said John Bryant, Chairman and CEO, Kellogg Company. “Tolaram Africa has built a highly successful consumer products business and today, it is one of the largest food companies in Nigeria,” said Bryant. “Tolaram has a great track record of building beloved consumer brands, including the market leader Indomie noodles, and fueling their growth. This partnership is an excellent

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strategic fit for Kellogg.” Multipro, established in 1997, has a strong sales and distribution infrastructure in Nigeria. Headquartered in Lagos, the company provides access to approximately 1,000 exclusive distributors, 2600 employees and operates 19 warehouses, across six locations. It is also establishing similar networks in other key African countries including Democratic Republic of Congo, Ivory Coast, Cameroon and Ethiopia. “Kellogg’s well-known and iconic brands and our research and development expertise, combined with Tolaram’s strong local sales, marketing, supply chain and distribution capabilities, positions us to become a breakfast and snacks leader in a thriving market,” said Amit Banati, President, Kellogg Asia Pacific. “Kellogg is a world leader in its categories and has successfully built brands that are synonymous with it. We’re pleased to have entered into this partnership, as we share similar values and an aligned vision for Africa, a continent we have been operating in for over 35 years. This is another significant step towards providing affordable and wholesome nutrition for our expanding consumer base,” said Sajen Aswani, CEO, Tolaram Group.

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FAStJEt REPORtS RECORd NUMBER OF PASSENGERS Fstjet operations in Tanzania have reported a record number of passengers in August 2015, carrying a total of 76,741 passengers during the month. The load factor for August was 75%. The increase in passengers is in part due to the new routes to Malawi introduced in July 2015 and to increased frequency on some existing routes. Punctuality for August remained strong, with 88% of flights arriving on time Note 3. This was lower than last month, mainly due to unexpected airfield closures in Dar es Salaam for military training. Ed Winter, Chief Executive Officer of fastjet, said: “We are delighted to report record monthly passenger numbers for the second consecutive month, further affirming the growing appetite for low-cost aviation across southern and eastern Africa. August is traditionally a strong month but with a capacity increase of 23% versus August 2014, we are delighted to maintain such strong demand.�

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KAnsAI pLAscon Paint manufacturer that prides itself on innovation

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ith a history as long and distinguished as Kansai Plascon’s, it’s not hard to see how this proud South African company has managed to develop its business throughout the decades since its inception in 1889.

Throughout that 126-year journey, the paint producer’s name may have changed but its undermining philosophies have not. Plascon continues to drive innovation and excellence in the retail, trade, industrial and furniture coatings markets in South and Southern Africa from three strategically placed manufacturing sites in Mobeni, KwaZulu-Natal; Luiperdsvlei in Krugersdorp; and Epping in Cape Town. It has operations in six African countries and exports into more than 17 countries in Africa.

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Plascon has always been innovative though, even in its infancy. It was a young Welsh entrepreneur named Herbert Evans who set that trend. He arrived in Johannesburg and began producing floor polish, carriage varnish, and ready-mixed tinted paints for the first time in South Africa. As Herbert Evans & Co. expanded, its reputation was also growing, based on that aforementioned innovation, quality, and customer service. As it became an established brand it enjoyed success through the 20th century and in 1970 merged with Plascon Paints and Chemical Industries. In 2012, the company formerly known as Plascon South Africa was renamed Kansai Plascon, after a

merger with Japanese company Kansai Paint, the world’s sixth largest coatings company.

pLAscon BRAnDs Kansai Plascon continues to champion the Plascon brand as it expands into Africa as the continent’s number one coatings company. Plascon’s eight premium quality paint brands are Double Velvet, Cashmere, Velvaglo, Water Based Velvaglo, Bathrooms & Kitchens, Wall & All, Micatex and Nuroof Cool. “We appreciate that your home is your greatest investment, and maintaining it can be an expensive business,” says the company. “But it’s an investment in your property and will ensure your home retains 85


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About Dow Dow (NYSE: DOW) combines the power of science and technology to passionately innovate what is essential to human progress. The Company is driving innovations that extract value from the intersection of chemical, physical and biological sciences to help address many of the world’s most challenging problems such as the need for clean water, clean energy generation and conservation, and increasing agricultural productivity. Dow’s integrated, market-driven, industry-leading portfolio of specialty chemical, advanced materials, agrosciences and plastics businesses delivers a broad range of technology-based products and solutions to customers in approximately 180 countries and in high-growth sectors such as packaging, electronics, water, coatings and agriculture. In 2014, Dow had annual sales of more than $58 billion and employed approximately 53,000 people worldwide. The Company’s more than 6,000 product families are manufactured at 201 sites in 35 countries across the globe. References to “Dow” or the “Company” mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at www.dow.com

About Dow Coating Materials Dow Coating Materials, a division of the Dow Chemical Company, leads innovation in technologies that help advance the performance of paints and coatings. Our water-based acrylic emulsion technology revolutionized the global paint industry, and was named a historic chemical landmark by the American Chemistry Association. We offer a broad portfolio of binders, dispersants, rheology modifiers and surfactants for a wide variety of end markets. Highly experienced, full-service technical teams support our products, and we continue to strengthen our global supply chain through manufacturing excellence and reliable supply.

www.dow.com


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its value.” Which is why Plascon paints are always manufactured to provide the finest finish and long lasting results. To prove this, Plascon introduced a seven-year quality guarantee. But the company didn’t stop there. Determined to do even better for its customers, the Premium Flagship Range was tested under extensive exposure tests in the harsh Southern African environment. “Continuous technical advancements have enabled Plascon to confidently raise the bar on guarantees again,” says Kansai Plascon. “The guarantee on interior flagship paints have more than doubled, boasting a unique 15-year guarantee. Exterior flagship paints are guaranteed for an equally substantial 12 years.

“This range boasts several technological advances, such as the inclusion of Silver Protect in Plascon Double Velvet and Plascon Cashmere. Already an active ingredient found in Kitchens & Bathrooms, and Velvaglo WaterBased, Silver Protect inhibits the growth of bacteria, as well as mould and fungus, reducing the chances of discolouration and other damage caused by their growth.” Plascon’s external paints are manufactured to the same high standards and come with a 12year guarantee, developed to be supremely weather- and dirtresistant. The Wall & All brand comes formulated with a unique blend of hard and soft 100% acrylic polymers and a fungicide to ensure enhanced performance 91


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“Continuous technical advancements have enabled Plascon to confidently raise the bar on guarantees again” in dirt resistance, water vapour permeability and film elasticity.

where shoppers can experience and be inspired by brands.

ADVeRTIsInG pResTIGe

Plascon took the opportunity to change the typically male focused environment of Builders Warehouse to engage with prospective female shoppers and decision makers, recognising the importance of the shopper journey when purchasing paint.

Kansai Plascon’s iconic 40-yearold Double Velvet brand is one of the longest advertised brands on South African television. But it’s not just television adverts that caught the eye of the industry’s advertising regulating board. In November 2014, Plascon received three prestigious awards for its forward-thinking point of sale executions, at the annual Point of Purchase Advertising International (POPAI) awards ceremony in South Africa. With 1700 members, the POPAI ceremony honoured remarkable point of purchase displays that lifted sales, made products memorable and appealing, and enticed consumers to purchase. Plascon was nominated as finalists in 3 separate categories and was successful in all 3 categories, winning Gold, Silver and Bronze. Plascon received a much-coveted Gold award for its Custom Colour Creation in Mass Retail, part of the Short Run Category (under 50 units). This was tailor-made specifically for Builders Warehouse Rivonia, a high-end mass retail environment introducing revolutionary displays and areas within a mass space

The company also has sponsorship partnerships worldwide, exemplified by its association with Manchester United Football Club that began in 2013. As its first global paint partner, Plascon continues to host events for the club’s fans in Africa and even ran a competition that offered the chance to visit England and watch the team play.

sTRIVInG FoRWARD Kansai Plascon is also proud to have achieved one of its best ever B-BBEE Status of Level 3 as well as being recognised as a Value Adding Supplier. “Our B-BBEE procurement recognition level has increased from 110% to 137.5%, which is higher than that of a nonvalue adding level 1 status supplier. So, when tendering for projects, our combined B-BBEE status and Value Adding Supplier position effectively make Kansai Plascon the preferred procurement choice.”

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ToyoTA souTh AFRIcA World’s largest car company adapting to its diversified markets

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oyota is not just the world’s largest car company by sales, but a diversified, international corporate leader. The Japanese organisation has an established set of values, beliefs, principles and business methods that act as the lifeblood of the company; known internally as The Toyota Way. Since 1961, Toyota has operated on this principle in South Africa. “We’ve become as much a part of South African culture as the vibrant South Africans that drive our vehicles,” the company says. “With this in mind we’ve shaped Toyota’s culture around positive contribution to the country we love. It’s how we strive to lead the way.”

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AFRICA our challenging goals by engaging the talent and passion of people, who believe there is always a better way,� says Toyota.

Toyota is a worldwide company with a simple vision to deliver. It aims to lead the way to the future of mobility, enriching lives around the world with the safest and most responsible ways of moving people.

The ToyoTA WAy

“Through our commitment to quality, constant innovation and respect for the planet, we aim to exceed expectations and be rewarded with a smile. We will meet

Having a presence in so many countries around the world means its crucial to be able to adapt to the market needs of each region. Toyota South Africa is dedicated and


committed to supplying the range of vehicles, parts, accessories and services to meet the requirements of the South African and export markets that it services.

a long-term vision. Toyota uses a Kaizen philosophy to improve business operations continuously, and always drive innovation and evolution.

There are two main pillars that support The Toyota Way: Respect for People - staff and customers alike, and Continuous Improvement. The latter includes meeting challenges head on and having

Another of its mantras is ‘Genchi genbutsu’ which means to go to the source to find the facts, make correct decisions, build consensus, and achieve goals with haste.

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ToyoTA Touch Like any successful organisation, it has a strong leader at the helm. Toyota President and CEO, Akio Toyoda, is the grandson of the company’s founder, Kiichiro Toyoda. “My focus is on my customers and it all starts with me. I will always

remember that the customer comes first,” Akio says. To this end, Toyota has developed Toyota Touch - an ideal set for its staff which forms the basis of the working habits that provide a reliable and outstanding service. Professionalism, approachability, understanding your customer’s needs, provide on what you promise, provide quality service, always thank your clients - the cornerstones of exemplary customer service.

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ToyoTA FInAncIAL seRVIces Toyota Financial Services South Africa (TFSSA) launched its products and services to Toyota customers in May 2000 as a Registered Credit and Financial Services Provider. Since then it has been delivering a convenient and professional finance process and a broad range of products to all Toyota customers across South Africa. TFSSA is part of a global network spanning 35 countries. It partners with local experts to enable customers private and business finance and insurance solutions. “Our Toyota and Lexus Dealer point-of-sale structure delivers endto-end customer service across the South African Toyota Dealer

Network,” says the company. “Our Fleet division offers a full range of finance and insurance products for Toyota fleet customers, including full maintenance rental and leasing products and finance and insurance solutions for Hino customers.” Over the past decade, TFSSA has become the Toyota customer preferred credit provider underwriting nearly half of all financed Toyota and Lexus Dealer sales. Toyoda says “We have invested much energy and passion in our quest to become the most admired vehicle finance company in our market. We know that we have achieved our goal through the relentless pursuit of excellence, and we are committed to remain number one.”

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VOdAFONE ANd tPG ANNOUNCE $1 BIllION PARtNERSHIP Vodafone Hutchison Australia and TPG Telecom Limited (ASX:TPM) have announced two commercial agreements with a combined value of more than $1 billion: a major Dark Fibre transmission network expansion and the migration of TPG’s mobile customer base to the Vodafone network. Under the first agreement, TPG will provide Dark Fibre and network services to more than 3,000 Vodafone Australia sites over a 15 year term. In order to provide the services, TPG will extend its current fibre infrastructure by constructing about 4,000km of new fibre to Vodafone cell sites across the country. Vodafone Chief Executive Officer, Iùaki Berroeta, said that the transmission agreement is a step change for the Vodafone network, delivering lower latency, an exponential increase in capacity and enhanced resilience.

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“Dark Fibre is about preparing Vodafone for the future. It is the next step in our network evolution and builds on our multi- billion dollar network investment in recent years to further enhance the customer experience,” Mr Berroeta said. “For customers, it will mean a higher-performing, 5G-ready network which will enable exciting future opportunities such as virtual and augmented reality applications. “Network data traffic will continue to grow through customers’ appetite for mobile content and the emergence of technologies such as the Internet of Things, and a Dark Fibre network will allow us to cater for future growth.” TPG Chief Executive Officer, David Teoh, said: “This is an exciting opportunity to apply our proven capability in delivering dark fibre services to Vodafone utilising our own fibre infrastructure

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across the country. “The companies are already working extremely well together, and the end result will be a network that will enable Vodafone to continue to deliver a premium service long into the future, without the capacity limitations of legacy technologies.” This agreement extends the existing relationship between the two companies, with TPG having already delivered 900km of fibre for VHA sites between FY11 and FY13. Construction of the dark fibre network will start immediately with deployment to the majority of the existing Vodafone network to be completed during 2018. TPG estimates that it will incur incremental capital expenditure of $300-400m over the rollout period, the majority of which will be incurred over the next 3 years. TPG will provide the dark fibre services for 15 years from the date each site is delivered, with minimum contracted revenue over the term exceeding $900m. The two companies have also announced one of the industry’s largest-ever Mobile Virtual Network Operator (MVNO) arrangements, with TPG to migrate its mobile wholesale customer base to the Vodafone network. Mr Teoh said TPG mobile customers can look forward to the reliability and super-fast 4G data speeds of Vodafone’s network.

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“One of the biggest benefits for all existing TPG mobile customers is access to 4G on Vodafone’s network, meaning they will be able to experience substantially faster data speeds” he said. Mr Berroeta and Mr Teoh said the two agreements built on the existing long-term working relationship between the two companies. “We have the need for dark fibre to set up our network for the future and TPG has the resources to deliver it on our behalf, so it is a natural fit” Mr Berroeta said. “The MVNO agreement will mean TPG mobile customers will be able to experience Vodafone’s world-class network which TPG is working with us to further enhance.”

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sEdgmAn CivmEC Jv AwARdEd mAJoR bhP billiton ContRACt Civmec Limited, in joint venture with Sedgman Limited, has been awarded a contract by BHP Billiton Iron Ore (BHPBIO) for civil, structural, mechanical, piping, electrical and commissioning works at the Jimblebar mine in the Pilbara region of Western Australia. The Engineering, Procurement, Construction and Commissioning works which comprises of the installation of a new primary crusher and additional conveying capacity, will commence immediately with approximately 270 personnel employed on the project at its peak. Mr. Patrick Tallon, Chief Executive Officer of Civmec, said, “Following a well-structured and comprehensive tendering process, we are delighted to have secured the award of this important contract and the joint venture is very focused on ensuring we safely deliver this package of work effectively and to use this opportunity to further demonstrate our

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combined capabilities to BHPBIO.” “Having built a strong relationship with Sedgman over the past three years through our successful delivery of projects together, we know that our likeminded cultures and ethics will provide innovative solutions to the metals and minerals sector now and for the future. We feel this award highlights the client’s confidence in our collective service offering and in particular our expertise in civil works and structural, mechanical and piping work (SMP).”

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RIO tINtO’S RARE REd ANd PINK ARGylE dIAMONdS SHINE IN HONG KONG Rio Tinto’s iconic Argyle Pink Diamonds Tender, comprising 65 of the world’s rarest pink and red diamonds, is being showcased in Hong Kong as part of its global tour. The spectacular collection is attracting global demand, with strong interest from collectors, connoisseurs, and luxury jewellers gathered in Hong Kong for its annual watch and jewellery fair. The 2015 Tender, known as the “Connoisseur’s Collection”, weighs a total of 44.14 carats and includes four Fancy Red diamonds. The collection comprises five “hero” diamonds selected for their unique beauty and named to ensure there is a permanent record of their contribution to the history of the world’s most important diamonds. Rio Tinto Diamonds & Minerals chief executive Alan Davies said “It is wonderful to bring such a magnificent diamond collection to Hong Kong and to see the genuine excitement for this truly rarefied segment of the global diamond market. “The Chinese market is very important to Rio Tinto’s diamonds business and showcasing the rarest pink and red diamonds in Hong Kong is an

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important part of our world tour.” Almost the entire world supply of rare pink and red diamonds come from Rio Tinto’s Argyle diamond mine in the remote east Kimberley region of Western Australia. Today, the Argyle pink diamond is one of the few gemstones identified by its unique origins with a colour range resulting from a rare combination of intense heat and pressure occurring below the earth’s surface some 1.6 billion years ago. Argyle Pink Diamonds manager, Josephine Johnson said “The four Fancy Red diamonds in the 2015 collection are at the pinnacle of rarity, and with their beautiful red colour - a symbol of good fortune - they are capturing the imagination of the Chinese market.”

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wolf minERAls CElE oPEning of its dRAkE hEmERdon tungstEn Specialty metals development company, Wolf Minerals Limited has celebrated a defining milestone in the United Kingdom’s mining industry with the official opening of the Drakelands mine constructed at the Company’s Hemerdon tungsten and tin project in Devon, southwest England. The official opening ceremony, held on site at Drakelands, was attended by over 200 local and international guests and dignitaries, including representatives from the local community, UK Government, regulators, customers and shareholders, all of whom have played key roles in the successful delivery of the Project. Managing Director Russell Clark, addressing the attendees said: “Since 2007, the Company has been working to make the Hemerdon tungsten and tin project a reality. Development of the Drakelands mine has only been possible with the hard work and enthusiasm of the Project

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bRAtE thE offiCiAl ElAnds minE At thE n And tin PRoJECt and management teams, the support of local communities and assistance from many agencies and the local authorities.” “The successful financing, development and construction of this world-scale project marks the realisation of the Company’s goal of building and operating the first new metal mine in Great Britain for 45 years and becoming a significant producer of tungsten. Wolf has invested more than £140 million into the project and has created more than 200 permanent jobs, with many more involved during construction. The mine is expected to make a substantial contribution to the Plymouth, Devon and UK economies over the next decade.” “Everyone involved is incredibly proud of this achievement and I hope that the successful delivery of this Project proves to be a catalyst for a wider renaissance of metal mining in the UK.”

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The official opening ceremony comes only 18 months since construction of Drakelands began on site in March 2014. At its peak, more than 600 people were involved and construction of the project was completed on schedule in June 2015. Devon County Council Leader John Hart said: “There is a long heritage of mining and quarrying in this part of the county and to mine one of the world’s largest tungsten deposits will have a positive impact on the local and regional economy, which is good for jobs and the prosperity of Devon. It has taken some time for this project to come to fruition and the County Council has worked closely with Wolf Minerals to ensure the infrastructure and modern environmental controls required for the project are in place.” Business Minister Anna Soubry said: “This is an important and exciting day for this ambitious project and represents the culmination of lots of hard work, planning and investment. The new mine has created over 200 skilled jobs from geologists to engineers, mining surveyors and truck drivers and can provide a welcome boost for the local economy.” At full capacity Drakelands Mine is expected to be one of the largest tungsten concentrate producers in the Western World.

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FIRSt dEVElOPMENt APPlICAtION SUBMIttEd FOR PERtH’S WAtERBANK PROJECt Lendlease, Australia’s leading property and infrastructure group, has submitted its first Development Applications to the Metropolitan Redevelopment Authority for the flagship $1billion urban regeneration project, Waterbank. Spanning six hectares and with an estimated construction period of six years, when completed Waterbank will transform a largely unused part of the city into a dynamic destination for the people of Perth. The first application seeks approval for a 32 storey tower with 269 apartments and town house dwellings complemented by restaurants and retail at the ground floor. Development Director of Lendlease’s Urban Regeneration business in Western Australia, David Ockenden, said Waterbank’s design will embrace its gateway urban location and unique position on the Swan River. “The vision is to build on these physical attributes to create the perfect urban lifestyle that benefits from the amenity of living in the city while

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also being on the banks of a beautiful river,” he said. “The first building will deliver an elegant architectural form and is located on the extension of Perth’s main street, as it extends through Waterbank to meet the river. Mr Ockenden said the company was excited to begin the next phase of Waterbank - Lendlease’s first major mixed-use urban development in Perth. The second application, in two parts, is for the Waterbank Sales and Information Centre that will sit on the banks of the Swan River and provide a place to visit and experience what is in store for Waterbank. “We’re going to provide Waterbank’s residents, workers and visitors with new and diverse public spaces, bespoke riverside dining and leisure experiences, contemporary apartments at a variety of price points and a workplace not available anywhere else in Perth,”Mr Ockenden said. “Waterbank will importantly also set new standards in environmentally sensitive and sustainable development and this first building will be designed to achieve a Green Building Council of Australia 5 Star Green Star rating which represents Australian excellence. “Lendlease expects to lodge its next round of Development Applications that will seek approval for the public areas of the site, within weeks. Works will commence early next year.

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unilEvER oPEns $50m sitE in noRth RoCks, nsw Unilever Australia and New Zealand has unveiled the result of a AU$50 million investment in its North Rocks site, with the New South Wales Minister for Industry, Resources and Energy, The Hon. Anthony Roberts MP, officially declaring the site open for business. The investment has transformed the site into a state-of-the-art manufacturing facility and corporate head office, which will now be home to more than 380 Unilever employees. “Our investment in the North Rocks site will ensure we can continue to manufacture some of Australia’s most-loved home and personal care brands, including Rexona and Dove deodorants and Sunsilk shampoos for many years to come. It also enables us to bring production of our OMO and Surf laundry detergents, right here to NSW,” Clive Stiff, Chairman and CEO of Unilever ANZ said. The newly refurbished office building has been designed with sustainability in its very DNA - from the building materials through to the installation of

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energy saving fixtures and segregated recycling systems. The building now also features a state-ofthe-art Customer Collaboration Centre, research & development testing facilities and a Learning & Development Centre. “The investment in our North Rocks site will go towards helping us achieve our goal of doubling the size of our business, while reducing our environmental footprint, and increasing our positive social impact,” Stiff said. Officially re-opening the North Rocks site, The Hon. Anthony Roberts MP, NSW Minister for Industry recognised the role that Unilever has played in the history of New South Wales and the importance of this investment. “Unilever is one of New South Wales longest standing corporate citizens, having opened the first ever soap production factory in Balmain in 1899. The recent investment in its North Rocks headquarters is a reminder of this strong connection and a tremendous vote of confidence in the business environment of NSW” Minister Roberts said. Unilever currently employs over 1,000 people across their manufacturing sites, corporate head offices and retail outlets in New South Wales. The company has also invested over $20 million in the past five years to upgrade its site in Minto, near Campbelltown, where the manufacturing of Streets Ice Cream products, including the iconic Magnum, Blue Ribbon and Paddle Pop brands, takes place.

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DecMIL

Providers of integrated solutions to blue-chip clients

F

or more than 35 years, Decmil has been offering a diversified range of services to the mining, oil & gas, infrastructure and government sectors in Australia and overseas. The company has become an expert in delivering integrated solutions to blue-chip clients. As a respected leader in project delivery, Decmil’s success is based on our ability to build strong relationships and produce positive outcomes for clients. Listed on the Australian Securities Exchange (ASX Code: DCG), Decmil’s goal is to maximise returns from its operations to deliver value to clients, shareholders and stakeholders.

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AUStRAlASIA RepuTATIon One of Decmil’s great strengths is its vast national footprint which allows the company to provide complex and diversified offerings. “We are committed to outstanding project management and delivery regardless of the scale or the intricacy of the work,” the company says confidently. Decmil’s reputation has been built from its reliability over decades, and testament to this are the prestigious corporations on its list of partners. BHP Billiton, BMA, Chevron Australia, the Department

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of Immigration and Border Protection, Origin Energy, South Pacific Oil, Caltex, Rio Tinto and Shell to name but a few. “(Our reputation) is founded on a culture of safety, people, leadership, client relationships, teamwork and community,” states Decmil. “These principles are firmly embedded in all our processes and systems, and embodied in the way we conduct all aspects of our business. “Our long and respected association with almost all major mining and energy projects arises from its partnering approach, high regard


for the environment, and sharp focus on innovation in all aspects of operation. Our people have the expertise and enterprise to deliver large scale, complex projects in construction, engineering and accommodation services.”

opeRATIons The Group operates two strong business units; Construction and Engineering and Accommodation Services. Decmil prides itself on being one of Australia’s leading accommodation

and housing specialists, delivering more than 15,000 accommodation rooms over the past five years. The company’s work ranges from purpose built residential projects, to metropolitan housing and over 4,300 bed villages, demonstrating the flexibility of the corporations output. An important aspect of delivering the highest quality projects is Decmil’s involvement from the initial stages of development, right through to completion.

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As well as commercial properties, the company also takes on infrastructure projects such as libraries, clubs, training and education facilities, cinemas, gyms, sporting facilities and affordable housing solutions. On the engineering side, Decmil provides turnkey tank and fuel facility solutions to the Aviation, Oil & Gas

and Resources industries as well as Government and Utility Providers. Meanwhile, Homeground Villages’ flagship property – Homeground Gladstone is located in the fastgrowing area of Gladstone in Queensland. Decmil’s creation, it sets a new standard in quality workforce accommodation, and boasts a swimming pool, tennis court, basketball court, gym, recreation centre, theatre room, licensed tavern and games room all to help give staff quality living surroundings.

DeFence conTRAcT It was announced in August 2015 that Decmil Group had won $57 million in defence contracts in WA, Queensland and the Northern Territory. BUSINESS COVERAGE Issue 3


The projects include infrastructure and accommodation works at Learmonth RAAF base near Exmouth and HMAS Stirling on Garden Island. Design and construction work in Queensland will be carried out at Wide Bay training area, north of Brisbane. “This new work demonstrates our capability to deliver integrated engineering and construction projects for Government,” said Decmil Managing Director Scott Criddle. “The business continues to target further opportunities with Government in the immigration, health, transport and education sectors.”

coMMunITy WoRK Decmil takes great pride in being able to positively contribute and engage with the community through events such as charity events, corporate friendships, charity partnerships, volunteering and donating. Decmil has a longstanding Corporate Social Responsibility program which is all about giving back, helping people in need, encouraging social cohesion, and supporting local communities. “We see ourselves as part of the communities in which we operate, and as such we strive to be positive, active and contributing participants in community life,” Decmil says.

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TAsRAIL

Tasmania’s world-class vertically integrated short-haul freight railway

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asmanian Railway Pty Limited (TasRail) is committed to delivering transport and logistics solutions that are safe, reliable, financially and environmentally sustainable. TasRail is more than a train service in Tasmania. It’s forever striving to be a world class, vertically integrated short-haul freight railway. Established in 2009, it is a Stateowned company that specialises in handling and hauling a range of commodities, from containerised freight to bulk and dangerous goods. Headquartered in Launceston, the company employs 240 members of staff.

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AUStRAlASIA LoGIsTIcs As one of the largest transport service providers in Tasmania, TasRail connects industry and commerce to major shipping ports and freight hubs across the State. The Tasmanian Rail Network is a single line, narrow gauge (1067 millimetre) transport system. The Operational Network extends from Brighton to Western Junction and to the Port of Bell Bay in the north east and Burnie in the north west. Connections are also provided to Fingal in the east and Boyer in the Derwent Valley. The Melba Line (formerly named the Emu Bay Line) connects the West Coast to Burnie. In total, the network includes 611 route kilometres

of operational track, 232 route kilometres of non-operational track and more than 1.3 million sleepers. In addition, there are 355 bridges, three tunnels and 106 active level crossings with over 250 private level crossings and livestock crossings. “Our terminals are designed to support multi modal operations and the efficient, seamless and timely transfer of freight,” says TasRail. As the owner and operator of Tasmania’s only open access minerals Shiploader and bulk handling service, TasRail is also able to integrate its operations with industry, offering ‘pit to port’ solutions by transporting bulk commodities direct from mine to market.

Interfleet is one of the world’s leading international rail consultancies providing strategic, engineering and technology advice to the international railway industry in order to enhance our clients most pressing business outcomes and is able to draw upon the skills and knowledge of over 600 highly experienced rail professionals in order to offer world class and best practice advice. We have a proven track record over many years of delivering business benefits for our clients in the areas of Rolling Stock, Infrastructure, Rail Control Systems and Strategic Transport Advisory services. Interfleet’s business is firmly grounded in the expertise of its staff. Through their combined diverse skills and experience, our industry experts make Interfleet a leader in rail consultancy across the globe. Interfleet is providing invaluable expertise to clients across Asia Pacific, North America, Europe, the Middle East and Africa. With offices in Sydney, Melbourne, Brisbane, Perth and Wellington, Interfleet Australasia has an extensive history of supporting clients across the region since 1997 with our highly mobile, expert and flexible team. Interfleet is a member of the SNC-Lavalin Group, one of the leading engineering and construction groups in the world.

Because expertise matters. BUSINESS COVERAGE Issue 3


Because Expertise Matters Interfleet Australasia has an extensive history supporting clients throughout the region with offices in Sydney, Melbourne, Brisbane, Perth and Wellington. Interfleet’s team of specialists can provide knowledge and expertise to help deliver the best solutions, applying international best practice to your local context.

www.interfleet-australasia +61 (0) 2 9262 6011 137 Image courtesy of TasRail


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BUILDING THE PLATFORM OF CUTTING EDGE MOBILITY

Bombardier Transportation, a global leader in rail technology, offers the broadest portfolio in the rail industry that covers the full spectrum of rail solutions from the manufacture of passenger rail vehicles, to the provision of complete rail transportation systems & system integration, signalling, propulsion & control technology, asset management and through life support with local engineering and manufacturing. Bombardier Transportation, a division of Bombardier Inc, has an installed base of over 100,000 vehicles worldwide and with over 60 systems in operation around the globe; Bombardier is highly proven to deliver turnkey transportation systems.

www.bombardier.com

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Bombardier Transportation is highly active & thrives in the areas of: đƫ Passenger Rolling Stock đƫ Railway Signalling Equipment & Installation đƫ Turnkey Transportation Systems đƫ Propulsion & Train Control đƫ Bogies đƫ Asset Management


Looking far ahead while delivering today, Bombardier is evolving mobility worldwide by answering the call for more efficient, sustainable and enjoyable transportation everywhere. Our vehicles, services and, most of all, our employees are what make us a global leader in transportation.

Some of our current high profile projects in Australia include but are not limited to: đƫ Melbourne E Class Trams đƫ Adelaide A-City EMU Trains đƫ Adelaide DMU & EMU Fleet Maintenance đƫ Adelaide Light Rail Vehicle (Trams) đƫ VLocity DMU Trains đƫ V/Line Fleet Maintenance đƫ Queensland Next Generation Rollingstock (QNGR) đƫ Gold Coast Rapid Transit System đƫ Perth “B” Series Trains đƫ Perth A & B Series Fleet Maintenance

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InVesTMenT Since 2011, TasRail has been investing in a new fleet of purposebuilt locomotives and wagons that are in operation across the network, increasing hauling capacity, efficiency and reliability. This includes seventeen TR Class locomotives and 276 wagons including Intermodal wagons, coal wagons, ore wagons and log wagons. Final acceptance of this fleet is expected later this year, and is something TasRail has labelled

a ‘game changer’. The improved single locomotive design, catering for 16 and 18 tonne axle loads with a 92% annual availability will substantially reduce maintenance costs. Crucially, the vehicles offer superior driver safety and comfort and more readily available parts, service and warranty support. Another area of significant investment has been to update the Train Control System from manual to automated. With safety absolutely paramount, this $11 million investment installed leading edge


technology across all operations. The previous system required considerable human interaction and compliance with operating rules, using paper-based procedures. Due to human error in this process, TasRail experienced a number of safe working breaches. The new Advanced Network Train Control System provides visibility of on-track vehicles to give additional protection through warning and alarms to the operators and Network Control.

TAsRAIL sTAFF TasRail is a values driven organisation, with a set of core values that define the company. Safety, integrity, leadership, responsibility, teamwork, excellence and innovation are the pillars upon which the organisation is built. Reflecting these values to the public falls upon the 240 members of staff that make up the TasRail workforce, which is why their conduct is integral to the company’s operations. “The TasRail Way also outlines


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the principles that underpin the way TasRail approaches what are frequently complex social and economic decisions that affect us individually, and as a company - they are essential to TasRail’s commitment to sustainable development,” says the company.

The IMpoRTAnce oF RAIL

“Working safely is fundamental to the success of our business. A safety or health incident could lead to personal harm for an individual, which we strive to avoid at all costs. Employees are required to stop and complete a pre-task hazard assessment prior to commencing work activities to minimise the risk of an unplanned event. All our people are empowered – and encouraged – to stop work if they don’t feel safe.”

In 2013-14 alone, those savings were worth approximately $26 million to the Tasmanian community, highlighting the integral part TasRail plays in supporting the wider economy.

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In July 2015, a major study into the benefits of rail freight in Tasmania revealed that moving freight by rail rather than road will deliver an estimated $159 million in savings to the state’s economy over the five years to 2019.

The study was commissioned by TasRail and undertaken by leading infrastructure consultants Pitt & Sherry. It shows the savings were generated by reducing costs related to road accidents, pollution and road maintenance as well as the operating costs of industry and commerce.


TasRail Chief Executive Damien White said the study highlights the underlying benefits of using rail to the community and individual businesses. “One of TasRail’s important competitive advantages is to help industries strengthen their social licences by moving freight by rail rather than by road. It’s providing vital social, environmental and economic benefits,” said White. “Over the past five years, the Tasmanian and Australian Governments have provided the funds to rejuvenate the state’s rail system, which they clearly recognise as a critical part of Tasmania’s transport infrastructure.” The data revealed that the use of rail freight in Tasmania rather than

road freight saved around $7 million in road accident costs; $1 million in environmental costs; $9 million in road maintenance costs; and up to $9 million in the operating costs of business and industry.

MoVInG FoRWARD As White states, the rail industry in Tasmania had endured a very chequered past, but TasRail is committed to being a State-owned company that all Tasmanians can and should be proud of. “TasRail is literally the backbone of the State’s integrated freight network. It carries the lion’s share of the contestable freight task, and it is now well poised to help facilitate further economic benefits for the State,” he says. 143


BUSINESS COVERAGE Oliver Moy Publisher For enquiries email okm@aubusinesscoverage.com

Profile for Business Coverage

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Business Coverage Issue 3