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July 2012

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Fortunately or unfortunately sports industry is regulated by a few top tier executives who enjoy unprecedented success year after year based on the performances in their respective fields and consequently, the ability to exercise power and authority. They are the key players out of the field, working behind-the-scenes, handling the corporate section of the game of sports while the “real” players do all the legwork and bask in the spotlight. Therefore, the game of sports is not as simple as it looks from the perspective of an outsider. Our Cover story for this month hence projects Sports industry as an unreliable and prone to constant shifts. The ‘larger than life’ vacation destination of French Polynesia is an interesting read and quite engaging too. Making news includes a story about Ellen Levy: an interventionist, arbitrager, bridge builder and a selfproclaimed opportunist, who has an indefatigable ability to make powerful connections between people and concepts. All this and more… Regards,

Carrie Ann Editor-in-Chief,

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Anna

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July 2012 FEATURES

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Contents

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Mc Donald’s 1500 seater Olympic Restaurants up in London McDonald’s Olympic Effort What would you think of a McDonald’s restaurant capable of seating 1500 patrons without building up a sweat?....

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Top ten Magnates who influence the Sports Industry Sports is a form of entertainment which is beloved to all, irrespective of race, caste, creed or religion. It is a hands-on activity which requires the full... Read More...

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Ellen Levy Socializing in Silicon Valley Brightsource Energy has abandoned iBrightsource Energy has abandoned its IPO. Citing adverse market conditions stemming from a lack of public interest/funding in greentech solar companies...

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Contents

COMPANY PROFILES

REGULARS

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Latest in Business

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Leader Talk

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The WOW ! Quotient

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Balfour Beatty plc Working to Build a More Robust World Number One in the UK

With a reach that spans from the United Kingdom through the United States....

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Mergers & More

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Larger Than Life

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Industry Events & Tradeshows

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Yellowstone Club - As Big as the Sky above Montana Surrounded by Natural Beauty

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Montana is a state located in the western tier of the United States known for its rugged and stunning natural beauty. .....


COMPANY PROFILES 98 Petroleos de Venezuela -

Helping to Create a Sea of Oil

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An Oil Powerhouse

In the world of energy production it’s still the case that the fossil fuels, most especially crude oil....

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Express 114 Nippon Ready to Dominate Global Logistics

Broad Logistics Proficiencies

SE Solar - Working 106 Q-Cells to Find a Ray of Light Troubled Times With its entry into bankruptcy in April 2012 Germany’s Q-Cells, a true solar industry....

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Napoleon Bonaparte once famously observed that an army fights on its stomach....

Head-Space

The secret of life…is to fall seven times and to get up eight times.

-Paulo Coelho

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Prized possession of Larry Ellison, CEO of Oracle The flamboyant bigwig, Larry Ellison, the eminent CEO and Co-founder of Oracle, is also the one with most exclusive priced possessions. And to his glorious list, Mr. Ellison has added to his kitty not an estate or a jet or a car, but a complete Hawaiian island of Lanai, better known as the “Pineapple Island� Hawaii State governor Neil Abercrombie announced Ellison to be the buyer of 98% of the sixth largest Hawaiian island, referring to the transfer papers filed by owner Castle & Cooke Inc., billionaire David Murdock, with the Public Utilities Commission. Running 9 miles off the coast of Maui, La-

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nai is the island with smallest number of inhabitants, which is publically accessible. The remaining 2% of ownership is with the state and the residents on the island, roughly 3200 in number. Lanai flaunts two vacation resorts, two golf courses and a variety of residential and commercial buildings. However, it is relatively undisturbed and unspoiled by tourism and development, laud streets and spotlights and the areas are only accessible by four wheel drive vehicles.

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Latest In

- Jason Miller

Retails sales brings a new hope with a sharp rise in several countries. While the global recession is still a threat to the economies, Retail sector has come as a ray of hope in the damp clouds. Though not an exuberating number, some countries do show a positive development towards retail, which stands as a sign, if not, a complete step towards a U-turn from downfall. The month of May brought sunshine to the United Kingdom, in more than one way. As per the Office for National Statistics, the Retail Sales rose by 1.4 percent against the prediction of 1.2 percent, which led to an annual rise by 2.4%. While clothing

and footwear were the show stoppers, plus food and drink also doing fairly well, the big tickets on the other hand had to suffer with restrained shopping, if not dwindle, on account of the reserved minds for jobs and economy as a whole. Department stores with the help of discounts and sale festivals, enjoyed a staggering 11.3% rise in annual sales, it’s highest since February 2000. In countries like UK, these figures play a crucial role, with Retail sales consumer spending contributing as much as 60 percent of Britain’s Gross Domestic Product.

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Marks & Spencer hits the all time worst According to reports released on Monday, Marks & Spencer, a retailer for Bellwether, has recorded its worst sales performance for a quarter in a period of three and a half years. This year recorded the wettest April and June months and hammered the trade of women’s wear since records for them have been kept.

Marks & Spencer Statement: The business of Marks & Spencer deals with clothes, upmarket foods, footwear and home ware as well. As per reports from the firm on Tuesday Kate Bostock,

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the head of its non food business is going to leave the business and thereby add her name to an elite list which maintains significant departures of top managements this year. Their reports also stated that sales in their stores in UK that have now been open for more than a year, have gone down by 2.8% in a period of 13 weeks till June 30. This is their worst quarterly fall in sales since the third quarter of the financial year 2008-09. Chief executive of Marks & Spencer, Marc Bolland says “there has been an underperformance of their general merchandise in a trading season that been quite difficult.�

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Latest In Slowest Q2 GDP growth for China in three years The economy of China grew only 7.6% from the previous year in the second quarter of the year 2012 that has marked a pace slowest in a period of three years. The reports confirmed the expectations of a downside trajectory on course of its growth the full year being the softest since the year 1999.

The Reports: According to the reports that were released on Friday in line with a poll from the Reuters, the GDP number for China marked a sixth consecutive quarter of

easing growth. These reports have left the analysts trying to accumulate data and figure out whether the second quarter of the year will mark the bottom or the extension of this downward cycle. It is important for the investors that the trajectory of economy is facing a downward slope not only in the country of China, the second largest economy of the world but also other emerging economies. This downward slope is hurting the whole of the BRIC group that includes countries like Brazil, Russia, India and China. Together they make the largest marginal generators of worldwide growth.

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Volkswagen buys Porsche and clears its path to a global leadership Volkswagen has taken another step forward to becoming the top maker of cars all over the world by buying the remaining half of Porsche according to the reports released on Thursday. This deal has finally ended a takeover struggle that has been going on for quite some time now and had sparked discomforting situations of investor lawsuits and family feuds.

The Deal: This deal which has finally been settled will let VW escape a huge tax bill amounting to 1.5 billion Euros. It will also allow VW to speed up the integration of Porsche

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into a multi branded empire, the aim of which will be to sell as many as 10 million cars every year and reach at the topmost position among the companies selling cars by the year 2018. Mr. Martin Winterkorn, the Chief Executive of VW in his statement to the reporters said at the Wolfsburg headquarters of the group that they have finally been able to wrap up one of the most significant projects in the world of automobiles. He also added in his statement that together with Porsche, VW is now even more capable of being the best automobile company of the planet.

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Latest In Facebook and Yahoo settle their lawsuits making a tie up Yahoo Inc and Facebook Inc have finally agreed to settle their heated up patent lawsuits and tie up for a licensing and internet advertising partnership according to reports laid out on Friday. The pact has at last settled the accusations that were made for the technology patent infringement that started under the leadership of Scott Thompson, the exCEO of Yahoo. He was actually removed from his job after the eruption of scandals over some inaccuracies that were found in his resume. According to reports in Reuters from sources the fore runner of this job will now be the interim CEO named

Ross Levinsohn.

The Deal: The strategic deal between Yahoo and Facebook that expands an already existing multiyear tie up allows the users of Facebook to share contents from Yahoo. This encompasses the cross-licensing of collaboration and patents on the advertising offerings that are available during the major events of media like the annual Super Bowl or the Olympics. The deal also means that users present on both the sites can provide updates to services that are mirrored on the other.

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To be or not to be a L Question

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Leader is the n

- Patrick Alain

Many scenarios are seen almost every minute in one’s workstation or personal lives. In fact, to start with a differential, everybody has at one point of time done some sort of group work or the other. It could be anything; from organising the school prom to hosting a cheerleading contest. Industry Leaders Magazine

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In the light of such an event, ever noticed that guy who works around with a clipboard, taking a drag from a cigarette, laughing around with the ladies, speaking to the authority and yet remaining cheerful the whole time? Or that girl who goes around asking people to cough up money for the event, arranging the score board, checking the stage, pushing people around to work, doing a jig herself when she feels like and yet smiles the whole time and is pretty much liked by everybody around?

‘If one has seen such a person, you should be congratulated to have found a true leader in all the mess.’ The Whole 9 Yards Though the title is usually applied to marriage, analyse the above example and one will see that the term means going the whole way, making everything possible and yet somehow holding on, in the basic sense of the phrase. The point is; a true leader has to on all accounts and every condition, multi task. The idea is very simple; a true leader knows that she or he will be depended upon, asked to learn errands, listen to some swear words, make everyone work, motivate those around and at no point of time should she or he lose her or his temper or smile. The job of a leader is a tough one. To make

things even more worse, there will without fail always be something that has to go wrong. A leader should know what to do and how well to camouflage the crisis or crises that occurs. In addition, a leader has to remember that at any point of time, those working under or rather with her or him will turn around and be crabby. It happens all the time. For example, let us start with Wendy who is a wedding planner and to quote some client of hers a ‘thumping good one at that.’ Now anyone who thinks that her job is any less important or demands any less effort than others demand, wait until the end of it. Wendy has a new client who is one of those fussy sorts. Now, on the day of the wedding, here is a series of incidents, which went wrong; the client’s dress was found to be exchanged with another’s. The cake, which was supposed to be delivered by the bakery at nine, was still yet to arrive at 12. The groom was playing with his nephew who chose precisely that moment to puke on him. The best man, who is also gay, is in love with the groom, ends up getting drunk at 10 in the morning, and forgets the speech he prepared for his toast. To add to the whole mess, the bride’s mother is found to be smoking and setting fire to the whole thing. What does one think Wendy does in a situation where so many things have gone wrong? Answer; she takes care of them. However, if for one minute people think that she did it all by herself, they would be wrong. Making others do their job properly is as much of a challenge as is taking care of the job that is to be done. Anyhow, does the situation of Wendy ring a bell? If not, here is a paraphrased version; the presentation on room one has been shifted to room 15 and one comes to know that, 15 minutes before. The projector on room 15 does not work. The laptop you bought last week, works fine usually, but

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is refusing to do so right then. The person beneath you suddenly called sick and the secretary hired is no good. Analyze that.

Moving on with it Another point that a true leader is well aware of and should remember is that; always keep a backup plan. It is very important to have a contingency plan to imple-

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ment when it looks like the plan previously made is hitting the floor instead of the roof. One should also remember that those working with you are in fact not beneath you. They are in fact the ones who are in a way obliging you with their service. Stop thinking that money will always do the trick, because it will not. However, a more important focus that one

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lowing are some tips, which should help one in knowing what to look for while thinking of choosing the other person or in a way, that back up person.

Quick Mettle As happens in most cases, true leader start showing the signs early. Even in the team you work with, you should keep an eye open for the person who shows quickness and poise while doing a job. This person should usually be the one who takes care of problems when they arise and sometimes does the best to keep them at bay.

Skills of an Orator A good leader is one who can motivate well. In addition, how does one motivate another person? Simple; she or he talks. One should in fact keep an eye out for those who have a rather unconventional way of talking and thereby motivating the others to work, because they tend to work the best.

Meeting Deadlines A job well done is best recognized when it is done within time. Keep setting tasks to your team and screen those who have a knack of making submissions within time. Everybody today is always hard pressed for time. Therefore, one should be very particular to choose people who do not have time management issues and is pretty much on the toes to make it within the stipulated time.

Solution with All There was a purpose behind mentioning a not so irregular day in Wendy’s life. Like it has been mentioned before, nobody is super human and anybody who pretends otherwise should stop kidding themselves and others. Had Wendy not had a better rapport with the bakery, the cake might not have been there. Also, the gay best man should make at all costs is would never have given a great speech, dictated entirely by to remember that diamonds Wendy the couple would have had quite a bone to pick with are not, in fact, forever. One him later or even right there maybe. might be a great leader and should truly be proud about The point is; along with doing some very quick thinking, it. Nevertheless, one should one should remember that one has to work with others as also make sure that there a team in order to derive the needed results. Watch out for is a second person who is those who work well under pressure and with the other felequally adept and with fine- lows well and make a decision. tuning, shall be better. Fol-

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The Amaz 3D PR

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The

zing world of RINTING

- Richard Meryn

The Future of Manufacturing Arrives In the world of manufacturing and product design limitations on what can be created and designed have proven more intractable than might have been believed when computers first came into widespread use in terms of aiding such design as well as manufacturing. Industry Leaders Magazine

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The However, it finally seems more likely than ever before that the inherent promise of the computer and its associated peripherals, most especially the printer, will lead us down new pathways that enable us to literally create any product or part we want just with a computer, software, and what’s called a 3D printer. It’s really the printer in all this -- and 3D printers have been around for more than three decades – that’s pointing the way towards production not only of mass products and materials but also of bespoke, one-off products limited only by the imagination of the human mind. For example, assume you needed a part for your prized 1968 vacuum cleaner. Of course, a vacuum cleaner made so long ago isn’t really fit for much more than museum display or as an item of passing interest in a flea market. There’s just no way to keep a vacuum cleaner of such an age running anymore because replacement parts simply no longer exist. Amazingly, though, a computer and its software plus a common 3D printer -- given the proper data inputted into the computer -- can literally manufacture the part needed for just such a vacuum cleaner. And this isn’t something that will occur at some point in the distant future, because it’s actually taking place right now. 3D printing, sometimes using small desktop printers costing only $300 or so, is here today. According to Lisa Harouni of Digital Forming, a 3D software design house that’s revolutionizing product customization via use of such software combined with 3D printers, we’ve only just touched the surface of what’s possible through use of the 3D printer and its capabilities. In the near future, Harouni envisions that the average person, making use of a software program that converts what he or she has designed in the way of a product to create everything from a one-off table lamp to something as complex as a replacement artificial kidney using the latest in polymers and other materials, will have little need to purchase much in the way of mass-produced items. Looking at this wave of the manufacturing future, Harouni says that with 3D printing …

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“we can actually create structures that are more intricate than any other manufacturing technology – or which are in fact impossible to build in any other way.” Additive Manufacturing 3D printing itself is more formally known

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as “additive manufacturing.” Once a digital file has been created through use of a software program loaded onto a computer, it can then be sent to the 3D printer which can then make a three-dimensional object of most any type solely from that file. The object is created by the 3D printer’s ability to lay down successive layers of materials added to the printer. There’s been a real boom in the manufacturing, variety and capability of such printers since 2003, when their cost began to sharply decline as they became more common. Nowadays, 3D printers are turning out extremely intricate and high-quality items such as jewelry, footwear, automotive parts, dental and medical devices and prostheses and even buildings like beautifully designed auditoriums and libraries. 3D printing itself depends on the virtual designs that can be produced by CAD (com-

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The

puter aided design) or various types of animation modeling software. Such software takes items created within it and then slices those items into very thin horizontal cross sections. The software then creates successive layers until a complete model of the item is produced. By using this form of WYSIWYG (“what you see is what you get”) manufacturing process the item that’s turned out by the 3D printer is typically an exact match for the virtual model of the item created by the software program and its user. There’s really no limit to what 3D design and modeling software, combined with a common 3-D printer, can create in terms of the materials used to turn out a product. For example, materials used in the making of items that can be manufactured by 3D printers include liquids, powders and various types of sheet materials. A 3D printer reads the data given to it by the software design program, takes the materials put into it and then builds up a real-life model from a huge series of cross sections. The thickness of a 3D printer cross-section can also be as little

as a few microns, which is a level of thickness that simply can’t be easily reproduced through any other sort of manufacturing or creation process.

Drastically Changing Manufacturing The implications for manufacturing and how it will be changed by 3D printing are stunning. And because customers will be able to become intricately involved in the design process of the products they use, the level of customer satisfaction could be equally as high as costs will be low. As for Harouni’s own firm, it specializes in the design of intuitive software programs and platforms that enable what’s called “mass customization” -- that is, the ability of each customer of a manufacturer to completely customize any product he orders from that manufacturer, while still delivering scale economies previously only thought possible through mass standardized production. And this is simply through use of current 3D printing technol-

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ogies. By using the everyday computer, which has a level computing power that engineers even just a couple decades ago thought impossible to achieve, along with an array of readily available 3D design software programs, design and then manufacture of almost anything that can be imagined is now within the grasp of any consumer and company, large or small. Even with the stunning ability of today’s 3D printer, though, Harouni predicts that much more from them lies ahead in the near future. At present, 3D printers can make highly detailed gears, for example, able to fit onto the tip of a ballpoint pen. However, such gears will be of even smaller size and greater detail in the years ahead. Using nanotechnology based manufacturing processes, future 3D printers and other additive manufacturing devices will be able to create intricate devices so small the human eye will have difficulty picking them out. Harouni knows of what she speaks, having a background in the additive manufacturing industry that spans many years. Working

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with the top minds in the fields of artificial intelligence and evolutionary robotics -- both fields of study well suited to making design software and the 3D printers that run off of it ever more capable and intuitive – Harouni’s vision of a manufacturing future in which machines literally design and then manufacture themselves seems to be on the cusp of turning into actual reality.

More Consumer Control than Ever For the average consumer out there, having the ability to completely customize and participate in the manufacture of everything from a piece of jewelry right up through maybe even the next automobile she buys, this 3D design and manufacturing feature can’t be anything else but exciting in a way the world hasn’t seen since humans first landed on the moon all those years ago. And it will all be due to first rate minds like Lisa Harouni and the additive manufacturing processes that have been enabled through the use of 3D printing.

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Sports is a form of entertainment which is beloved to all, irrespective of race, caste, creed or religion. It is a hands-on activity which requires the full participation and attention of the individual involved. This partially explains why sports fanatics become so engrossed in the game. Industry Leaders Magazine

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However, what started out simply as a means of public entertainment has gradually become a full fledged business over the course of time and like all mainstream businesses, the sports industry too has its share of ups and downs which are regulated by several factors.

The Relevance of Business in Sports As can be expected from its hierarchical framework, the entire industry is regulated by a few top tier executives who enjoy unprecedented success year after year based on the performances in their respective fields and consequently, the ability to exercise power and authority. They are the key players out of the field, working behind-the-scenes, handling the corporate section of the game of sports while the “real” players do all the legwork and bask in the spotlight. The importance of their position in the industry cannot be questioned or looked down upon as they are the ones who actually hold the responsibility of building up an empire from scratch and maintaining, or rather safeguarding it from external influences. Therefore, the game of sports is not as simple as it looks from the perspective of an outsider. The industry as a whole is unreliable and prone to constant shifts. Similarly, the list of most powerful persons in sports business also keeps on changing almost every year. This year too, the list has undergone a few modifications due to the influence of the media and the apparent labour harmony. Here, a list of ten such eminent personalities is given who set the schedule for sports in North America.

• Steve Burke Game Changer

the

Comcast was a corporation which was well-known for running its nationally aired sports channel titled Versus on a shoestring budget. So, when the company sealed a mega-merger with NBCUniversal in January, the entire sports industry was

confronted with one of the major questions in the entire year – Would Comcast turn out to be a key bidder for rights and an unmatched force in the sports industry having the status of the new holder of NBC? Brian Roberts, the Chairman and CEO of Comcast, was expected to take hold of the reigns and project the course. Even though Roberts was thoroughly involved in the process of finalizing many of the deals, it was Steve Burke who managed to establish the direction throughout the course of the year. He undoubtedly believes the business of sports to act both as a content generator and market mover. The 53 year old administrator is both the president and CEO of NBCUniversal Holdings who hails from a media-family. He made a host of decisions this year which affected the whole industry. He led the company to be present for almost each and every single important sports negotiation. The company was able to make the International Olympic Committee executives submit to its demands with its hard-hitting bid for four of the Olympic Games while, at the same time, successfully bidding for the MLS and NHL. NBC has also made provisions to hang on to its “Sunday Night Football” NFL show. Burke was one the people who was able to manipulate the process even at a time when NBC was hopelessly outbid – forcing the hands of the competitors and establishing the way for the building up of unlikely pacts. Such an event transpired when rival networks, Fox Sports and ESPN combined together to form Pac-12 in order to prevent NBC from taking over the college sports section. The decision to introduce a sort of Comcast culture within NBC was evident from Burke’s methods throughout the year. It spilled over into his personnel issues when he took the confident decision earlier this year to let two of the network’s most experienced executives, go. He assigned others to fill in the spots to raise NBC, Golf Channel, NBC Sports Network and other related channels. Burke is by no means a man who enjoys

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staying in the spotlight for a long time. He prefers to lay low instead, driving the company to new heights of success with his consistent vision. Yet, this keen and quiet executive is responsible for making several critical moves in sports business.

• Bud Selig – Second in Command Major League Baseball Commissioner, Bud

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Selig, benefitted from having the most prolific season ever in his career, which spans an impressive 19 years. Selig was quietly procuring a fresh collective-bargaining contract, improvement in attendance, Word Series positions, revenue, along with an unanticipated settlement with Frank McCourt, owner of the Dodgers while the rest of the industry reeled from the imposition of the labour laws and complaints about playersecurity.

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• George Bodenheimer – Third Time Lucky ESPN President, George Bodenheimer, was quite aware of the repercussions his decision would have on the world of sports. However, he went through with it by announcing his plan to step down by this year’s end and proclaiming John Skipper, the channel’s executive VP, to be his heir, much to the shock of the entire industry. This move has proven to be exceedingly beneficial for Skipper when taking into consideration ESPN’s extent and influence.

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• Roger Goodell – Four’s the Score

greaterportion of revenue, along with the conclusion of judicial lapse and a previously unheard-of tenure of 10 days.

The incredible growth experienced in the popularity of America’s beloved sport, football, can be attributed to Roger Goodell who was essential in guaranteeing labour peace in the NFL for the next decade. Being the Commissioner of NFL, the rigorous process exhausted him, but he was able to make sure that the holders acquired a

• David Hill – Time’s the Charm

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Fifth

The Super Bowl XLV was one of the most watched shows ever in the history of television with 111 million viewers. And that was just the start of the year for Fox. The

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company signed a number of long-term college deals under the watchful eye of Fox Sports Media Group Chairman, David Hill which included the Big Ten Championship Match, Pac-12 and Big 12.

• David Stern – Six in the Mix NBA Commissioner, David Stern experienced a significant drop from previous year’s list due to the recent labour problems of the NBA. Even though the ensuing deal resulted in a considerable payroll cut from the players’ share that largely benefitted theproprietors, Stern’s public image suffered a considerable amount of backlash during the turmoil.

• Jacques Rogge – Lucky Number Seven Rogge, who serves as the President of the International Olympic Committee, has a lot going for him. Already nearing the end of his term, he is responsible for designing the Youth Olympic Games, safeguarding the IOC’s financial prospects with the $4.4 billion rights agreement from NBC and including new sport attractions like golf and free skiing to the existing list of games.

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The NHL Commissioner had many reasons to be happy this year with the NHL raking in almost $3 billion in revenue, placing its top TV rankings ever for the Stanley Cup matches, and concluding a 10 year old TV deal with NBC worth $1.9 billion. Canadian fans were suitably appeased when he permitted the Atlanta Thrashers to make the move to Winnipeg.

• Jerry Jones Ten in the Game • Robert Kraft – Eighth Line

None of the NFL’s major decisions are passed without the say-so

in

Even though it was a sad year for Kraft with the death of his wife, it was one of the most productive ones. The founder, CEO and chairman of the Kraft Group can be held accountable for recovering the NFL season.

• Gary Bettman – Nine in Number of Jerry Jones. Whether it’s being present as a member of the labour committee which was responsible for settling the new NFL collective-bargaining treaty or as part of the impressive broadcast team negotiating the host of bumper TV contracts, the Dallas Cowboys owner is making all the right moves in the games at present.

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Petroliam Nasional takes over

Progress - Jason Miller

The world of business is always abuzz with mergers, acquisitions and takeovers. In fact, it is without fail what keeps business ventures running and helps in expanding what has been the vision of some venture or the other. In any event, a business and a venture can only take an endeavour or an idea to the next level and somebody to the highest position that is possible. Industry Leaders Magazine

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Canada Over to Asia

The Big Scoop

In the newest development and takeover of the month, an Asian company has taken over a Canadian company in a bid to expand their business prospects. The Canadian company Progress Energy Resources Corp. has been taken over by a Kuala Lumpur, that is, a Malaysian based company for more or less $5.5 billion dollars.

The Canadian company, Progress Energy that is located in Calgary, has also knit in the debentures. True to the reports issued by the sources, the potential and interested buyers in Asia are fascinated by the cheap gas prices in Northern America and therefore this deal has made the owners of Petronas right at the top of the business. The Chief Executive Officer of Petronas is in fact the largest holder for shale gas.

Petroliam Nasional Bhd, the Malaysian company, which is better known as Petronas, is owned by the state and it deals largely with natural gas and oil. The move has largely been made to make an endeavour to export gas from Canada to Asia. The deal in itself is remarkable what with every share of the Canadian gas company being sold at 77% more than the original value.

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In fact, it is in a way quite safe to say that Shamsul Azhar Abbas is the king of oil and natural gas in the Montney area, located in British Columbia. The Malaysian company is in fact in full control of the Progress Energy fields that the company had bought in British Columbia before. The whole idea took off when Petronas had bought some stakes in Progress

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has been values at $1.93 per million in the Alberta region of North America. The next example of another very strong Asian country to import British thermal units at $16.78 per million from North America is Japan. This value includes the charges for freight, of course. Energy fields. Reports have also confirmed that what with the price of gas as cheap as about 88% the normal value of gas, the company is now looking for an expansion in further export ventures. The company is in fact developing means and routes to make export of liquefied natural gas through a particular terminal easier and more effective.

The Numbers As has been mentioned before, Progress made real progress in the deal with the share prices of each share of the company closing at 77% each. This astronomical value comes not too long after the 13% drop in the price of Progress Energy Shares, earlier in the year of 2012. Other Asian companies which have already made great investments as well as great expansions through effective deals with the companies of Northern America are; Cnooc Ltd, PetroChina Co. and the very famous,Mitsubishi Corp.

The Figures Petronas has been reported to pay a whopping 23 times the earnings before amortization, interest, taxes, depreciation and others. This figure includes the payment of debt, anyhow. Sources have also reported that this figure stands to be at least 66% more than what has been the average of some 10 deals which can be compared to this one, which has been announced in the last decade, that is since 2003. In another comparison made, this new purchase made by the company has been deemed more than two times the biggest deal that the company had made earlier. The last big deal, which was the subject of speculation for some time, was made in the year 2008 in Australia. Petronas in that event was acquiring 40% stake with an amount of around $2 billion. The company at the other end was Santos Ltd’s Gladstone project.

The Asians have struck a gold mine in many of the other areas of Northern America. For example; as of June 27th, the prices of future British thermal units

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Site and Future The very successful deal struck up by Petronas has been envisioned to make real good use of the resources just purchased from Progress Energy. To quote Datuk Anuar Ahmad, thepresent executive vice president of Petronas; “The proposed transaction will combine Petronas’s significant global expertise and leadership in developing LNG infrastructure with Progress’s extensive experience in unconventional resource development.” The valuation of the property of Progress Energy in the area of natural gases just bought by the Malaysian company has released figures such as 820,000 acres in the area of shale-gas area Montney. The total valuation of resources such as probable gas reserves and proves gas reserves have been agreed at about 1.9 trillion cubic feet. Some resources have also confirmed that fact that such a move was planned by the Chief Executive Officer of Petronas, Shamsul, as a move to expand and stress the business of Petronas in Australia and Canada.

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Reports have also confirmed that the new working offices, set up by Petronas has been chosen to be constructed at British Columbia. The new working offices at Prince Rupert in British Columbia will be run by almost all of the employees who worked in Progress Energy, the administration and human resource developmentofficials of Petronas has confirmed. The plan to do so was enabled by the ease and the potential of being the best option for the liquefied natural gas export terminal. Such measures are of course no surprises for companies based in Asia. As far as sources have confirmed, Malaysia was named amongst the top three exporters of liquefied natural gas, in the year of 2010, right after Qatar and Indonesia. To add to the already existing reports, the Malaysian company Petronas also joins Apache Corp. from Houston and BG Group Plc of the United Kingdom to be in a very healthy competition revolving around the exportation of gas from the West Coast of Canada. The Royal Dutch Shell Plc is another company who has joined in the race of export of gas. The latest buzz has also confirmed that the deal is supposed to make a successful

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and holistic closure within the end of September, if the Government approves of the proposal. However, the big shots of Petronas do not have much reason to worry about. The Government of Canada has never been known to reject a takeover before. Since, the takeover concerns an energy company; no problem seems to be occurring whatsoever. The federal government however will go through all the clauses and the deals very carefully before arriving at a decision. The reason for the same being that in a situa-

tion where foreign companies are involved in company mergers and acquisitions,

things are very carefully contemplated after the assets are valued at some sort of an obscene amount like Canadian $330 million or more. In any event, there seems to be no oppressions either from the Canadian company Progress Energy or even from the Canada Pension Plan Investment Board.The approval from the latter is required as they hold 25% of the aggregate shares of Progress.

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McDonald’s 1500 seater Olympic Sized Restaurant shaping up in London. - Christine Taylor

McDonald’s Olympic Effort What would you think of a McDonald’s restaurant capable of seating 1500 patrons without building up a sweat? In the entire world, there’s never been another McDonald’s of such a size and likely won’t be again once the 2012 London Olympics end. Industry Leaders Magazine

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That’s because McDonald’s, the world’s largest chain of hamburger fast food restaurants, has designed this particular restaurant to be temporary in nature only. However, given the projections in daily crowd size at the 2012 Olympics, a 1500 seat McDonald’s restaurant is probably exactly what’s called for. Though seating capacity at a McDonald’s restaurant varies greatly according to market, the average leading numbers at McDonald’s restaurants worldwide is 50. Therefore, London’s newest McDonald’s restaurant will loom just as large as the Olympic movement in the eyes of many, and will be an impressive accomplishment befitting this most unique and historic of US-based restaurant chains. Scheduled to be open for six weeks, taking in both the Paralympics and well as Olympic Games, which will run from July 27 to September 9, this particular McDonald’s burger joint is being geared up to produce more than 50,000 Big Macs as well as an Olympic-sized swimming pool’s worth of soft drinks, French fries, fish sandwiches, salads, UK-centric dishes as well as offerings appealing to people from all over the world

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traveling to the London games. McDonald’s Corporation seems to have the logistics and the manpower end of this particular contest down pat, from the observations of many in the fast food industry. During the course of the build up to this newest creation in the McDonald’s empire, even if it’s only a temporary one, more than 12,000 applicants -- some no doubt willing to work for no pay at all just to be involved in the atmosphere surrounding an Olympics -- endured a selection process akin to that which many countries’ own Olympic athletes probably went through themselves.

Winnowing the Applicant Field From those 12,000 applicants, 2000 survived the cut, so to speak, and will eagerly serve the needs of thousands and thousands of McDonald’s patrons walking through the doors of its Stratford, east London facility. In all, more than 3 million customers -- most of whom will be there precisely because of the Olympic Games -- are expected to make a dash for the Golden Arches so proudly displayed by McDonald’s for decades now. Three other smaller subsidiary restaurants

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will also be operating within the vicinity of this gargantuan London Olympics burger palace as well. McDonald’s says that all successful employee applicants were judged much as many Olympic competitors are judged; on their ability to produce a high level of performance, in this case endless amounts of burgers, fries and milkshakes as well as on their aptitude and skill at politeness and patience. They were culled from a series of X Factor-style auditions held all around the country, with many reporting that the grueling nature of the auditions was something they’d never experienced before. McDonald’s was indeed taking its part, even if it’s only a part defined by its ability to feed many people at once, in the Olympics seriously. But seriousness combined with an ability to make each McDonald’s restaurant a welcoming haven in a world that seems to grow more cross and impatient by the moment has always been a hallmark of the chain ever since brothers Richard and Maurice McDonald opened the first restaurant in 1940 in San Bernardino, California. The present chain dates its creation to 1955, when Ray Kroc opened the

first franchised restaurant (and the ninth McDonald’s overall) in Des Plaines, Illinois. Kroc later bought out the brothers, and so began its worldwide expansion. Today, the restaurant chain is a household name in the majority of the United Nations-recognized 196 countries spanning the globe and McDonald’s expects a huge boost in terms of product awareness due to its presence at the London Olympics. McDonald’s UK chief executive Jill McDonald (no relation to the chain’s founders), when queried about the London Olympic restaurant’s offerings, pointed out the wide range to be on menu display, saying that “we do offer a breadth of menu,” and that “you can see on the menu…we have grilled chicken wraps, we have salads, we have fruit smoothies as well as the more indulgent recipes that people love.” In short, there’ll be far more than just a Big Mac with a side of fries to appeal to the Olympian appetites of its patrons, starting on July 27.

Going for the Gold In terms of the McDonald’s restaurant itself, one of the most impressive features of the Olympic facility, set down within the London

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Olympic Park of Stratford, a part of London’s Newham borough (in addition to its two-storey, 3000 square meter size) is that McDonald’s has chosen to construct the entire building from recyclable materials, demonstrating its commitment to a greener future. In all, the McDonald’s Olympic restaurant stretches nearly 50 meters in length, or more than 150 feet. In fact, though, everything about this restaurant will be Olympian in size and character. The main facility will, of course, be the McDonald’s jeweled tiara, or gold medal, of the Olympic Games, but each of the three subsidiary restaurants will serve a specific purpose. One McDonald’s restaurant at the games will be near to many of the venues and there purely for spectators while another facility will be housed within the Olympic village. The third sub-site has been placed within the media center and is intended to see to the eating needs of the literal army of journalists there to report on and document the athletic and human drama that each Olympic Games seems to deliver in abundance. McDonald’s also has a long history with the Olympics going back to 1968 and the winter games in Grenoble, France, when a clamor on the part of US athletes for its famous burgers led to the company airlifting thousands of them to the venue. By 1976, McDonald’s had become an official sponsor, participating in the Olympic life taking place at the Montreal, Canada, summer games. By 1984, the restaurant chain demonstrated its complete commitment to the Olympics by paying for the complete building cost of the swimming stadium at the Los Angeles games. Over the decades, countless Olympic athletes both famous and obscure have dined heartily on McDonald’s fare, including the current “World’s Fastest Man,” Jamaica’s Usain Bolt, a noted aficionado of the chain’s Chicken McNuggets. Bolt even claims that his 100-meter dash gold medal-winning performance at Beijing’s 2008 summer games was due to the power of the chicken nuggets he noshed on several hours before he left all other competitors in the dust.

Sparing No Effort to Succeed McDonald’s seems to be pulling out all the stops in order to ensure a dominating performance at the 2012 London games. The chain is making use of more than 17,500 British and Irish food producers and also plans to give away more than 9 million childrens’ Happy Meal activity toys. Each toy will be a part of what the company hopes will be an interactive set of activities engaged in by each child, with the toy measuring the number of jumps or steps made or taken by the child that day. Children can then go online and input the raw number at a special gaming website, which will in turn translate that number into energy intended to power the Games’ two mascots. In all, it appears that McDonald’s intends to set many records at the Olympic Games. The massive restaurant it’s erected to see to the needs of millions of patrons is but one of them.

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Ellen

socializing in

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n Levy

the Silicon Valley

-Jason Miller

Women are capable of a variety of things. From Madame Curie who invented Uranium, to Jane Austen, to Marilyn Monroe, who changed how women were looked upon forever, to Elizabeth Arden whose real name is Florence Nightingale Graham who changed the face of the cosmetics business, to Mother Teresa, women have always proved what they are capable of and that they are, if left alone to their own devices, have backbones of steel and are worth at least a hundred more men. Industry Leaders Magazine

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There are and have been several women in history who have changed the face of history and in a way, the whole world works. These women have not only been strong in substance but also very determined and driven hard to do something and make a point. Anyhow, though it is remarkable what these women have done and to what extent they have achieved something big in male dominated society, it has always been believed that women can make good of themselves only in the fashion or the cosmetic industry. The maximum credit that such women have ever received has something either to do with fabrics or with food or their contribution has been felt largely in the field of interior decoration. But, the woman we are going to have a small discussion about today has broken all conventions and simply proved that the capability of woman lies not just in fashion ramps or in the fabric industry, but much more.

And the woman Ellen Levy Those who are still confused as to whom the reference is being made to, the woman is the 42year old mother of one, Ellen Levy.

This extraordinary woman has been coined as the most ‘connected woman in Silicon Valley.’ Moreover, one will also be amazed that the erstwhile entrepreneur of LinkedIn, which she quit recently, has majored and done a PHD in Cognitive Psychology. She is in fact the first woman to break the myth about the world of information technology being a world made for men only. Know and How Many are surely wondering how did she manage to achieve so much and where does she get that certain substance from. Before going into details about it, let us take a good look at her resume and career. Ellen completed her PHD from the Stanford University and has worked with such big names as Apple Computers to LinkedIn. She is also the founder of the companies like; 3Quadrant Consulting and Silicon Valley Connect. Once, the right hand person of Steve Jobs, she has a lot

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more to her credit. Now then, let us start with what she really does. To put it in very crisp terms, she is a matchmaker. Though she is not of the creepy marriage matchmaker type who connects two people together, though the essence is the same. She is in fact a matchmaker who connects different people of considerable powers to form a new holistic breed of brilliant topnotch information technology toppers. Furthermore, the connections she makes have also proved to be beneficial to the commercial side of the whole thing. She has in a way managed not just profitable connections but also long terms deals and innovations in her chosen field.

The Basics Ellen Levy, coming from a background of psychology knows how important it is to set up relationships and form a network. It is in fact her drive to connect different sorts of people which has made her stand out. She speaks, as confessed by her, both languages of commerce and academics. As they say, all that is needed is an idea. The idea might be mad, hair brained, impractical and even out of this world. She is however, one of those rare people who pay a lot of attention, put a certain amount of trust to the idea, and hard press it to get great results and profitable outcomes. Admittedly, this woman is also a very good leader. She is in fact, an all-rounder and not only does she connect people well, she throws herself fulltime into that hair brained idea and makes enough amends to make it give the form of reality.

The Difference The best way to define what she does is to understand a very well-known fact, yet again. Nothing in this world works on charity. In fact, even charity cannot work well unless there is a certain amount of resources, monetary and otherwise, is involved. The basic work that Ellen is famous for is to

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make connections with the people who have an idea and the people who are ready to invest. One should mark and have it very clear that no person who does and is interested in doing business will give way without a hard bargain and a drive. Any company, when it starts initially from scratch and with just ideas to offer and not results will be exploited largely. However, making connections and finding people interested to invest in your endeavour is no less than repairing a broken spine.

‘It not only takes time but careful nourishment & nurturing before the company is in running condition & making good business.’ Ellen is in fact the one who acts as a bridge, which joins one platform to the other. Hence, it is no wonder that the woman has certain goodwill not just in her chosen profession but also all over the world. Her main job is to advise new and upcoming ventures on not only the start-up endeavours but also in implementing them and thereby making something small turn into something really big. After all, one might have heard that saying that behind every successful man there is a woman. In Ellen’s case, it is a tweaked version of the saying, that is, behind every business venture there is in fact a certain Ellen Levy. Presently, after quitting the very successful venture, LinkedIn, Ellen is concentrating on her companies and its work and development. She, however, still advises many new ventures on how to better the prospects of the company.

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The Most Expensive Vacation Destination in the World.

-Jennifer M

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Morgan

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Most people like to spend their vacation with their family and what better way to do that than to visit some exotic destination with one’s spouse and children. Despite the current state of the economy, tourism is a booming industry right now and foreign tourist destinations are all the rage among the moneyed classes. The most important factor, which decides the final destination, is money, of course, and connectivity. However, what if money was no object? What destination were people most likely to visit then? The answer is obvious – the most expensive vacation spot available on the face of the globe. Currently, that slot is occupied by French Polynesia.

connected to France. It is situated halfway between the continent of Australia and California right in the South Pacific Ocean and covers an area of ocean about four million square kilometers which happens to be almost as huge as the European continent. There are roughly 118 islands, which are subdivided into five separate archipelagos. Tahiti is the main island of French Polynesia and the most expensive tourist location.

French Polynesia – An Overview French Polynesia happens to be a cluster of islands, which act as an overseas nation

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The region enjoys a moderate tropical type of climate. However, there is a high amount of humidity and the entire area is prone to natural and seasonal hazards such as the occasional cyclonic storm, which is witnessed in the month of January. Still, there is no cause for worry as all hotel rooms and resorts are fitted with ceiling fans or air coolers. The entire terrain is an amalgamation of rocky high islands and low islands, which are home to different species of reefs. There are two main official languages – Tahitian and French. The latter happens to be the most widespread and recognized language on the island. In tourist areas, however, there is a predominance of the English language.

A Brief History of the Island Nation It was roughly 300 AD when the first settlers from the region of Southeast Asia arrived in the French Polynesian region. The northeastern portion of the island country was then known as the Marquesas Islands while the western parts, which included Tahiti, were called the Society Islands. The latter part was fully inhabited by 800 AD. In 1767, Samuel Wallis visited the region while James Cook arrived in 1769. They happened to be the earliest European explorers to set foot on the islands. The islands were claimed in the name of France by Louis-Antoine de Bougainville, the French explorer. The British missionaries who came here in the year 1797 had gained considerable influence at the cost of the native culture. The French were soon successful in driving the British from the area and exercised considerable influence. The place was formally renamed as the Territory of French Polynesia in 1957.Native culture, however, has seen a resurgence in recent years, which has generated greater tourism opportunities and a revival of different indigenous industries. Nevertheless, the entire territory is still mostly depend-

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ent for its survival on France. The islanders have been struggling to gain autonomy and financial independence but the process is a slow one and may take a few more decades to yield sure results.

Most Expensive Hotels If the best in comfort and elegance which money can buy is what one prefers, it is always advisable to opt for one of the most expensive luxury hotels spread across the country. Almost fifty international hotel chains are spread across the twelve different islands.

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Listed among of the most expensive hotels in the world is the Intercontinental Thalasso-Spa in Bora Bora. It is a new Five Star hotel present in Motu Piti Aau. The Intercontinental Resort Tahiti is Tahiti’s very own leading international resort, a primary choice for many celebrities and other notable personalities. Another very expensive hotel is the Intercontinental Le Moana, also in Bora, which is located at the renowned Matira Point. The Sofitel Bora Bora Marara Beach and Pri-

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Bora Bora Nui Resort and Spa. All of these hotels come with a host of amenities such as spas, all-round room service, and private suites etc., which are dedicated to making one feel as pampered as possible. It could also be possible that one may not want to leave at all.

Major Tourist/Buyer tractions

At-

It should be noted that the cost of all things is very high in French Polynesia. Lodging, food and even groceries tend to usually burn a hole in one’s pocket. Therefore, a lot of money is required if one plans to visit this place. All sorts of traveler’s checks, global credit cards and legal bank currency are accepted in the region. If someone is on the lookout for jewelry, this is a very lucrative destination. Black pearls are extremely valuable and beautiful. Mother-ofpearl jewelry is reasonable priced and make for great gifts. Tahitian jewels are valued as costly and exclusive trinkets. The pearl farms located on the Tahaa islands or in the Tuamotu region is an unforgettable experience. Fine dining in French Polynesia is a wholly natural blend of Europe-inspired cuisine with a hint of the tropical locale. It has also been somewhat influenced by the Asian style of cooking. Fish dishes are the most popular. Wine is quite easily available in the region as are fruit juices of different kinds. Another lovate Island in Nunue constitutes a whole cal drink, which has earned quite a name for island. itself, is Hinano beer. However, if a good view is the first preference, one could check in at the Le Meridian Tahiti, which is located in Punaauia area, right in front of the beach. The scenic beauty of the lagoon is fully showcased during one’s stay at the Bora Bora Pearl Beach Resort.

If art and culture were, what one takes interest in; the best place to visit would be the Musee Gaugin, which is situated almost 50 kilometers away from Papeete on the Tahiti Nui area, which houses works of art from the time Gaugin stayed in Tahiti, including many accurate reproductions of his canvasses.

For the ultimate in luxury and the best vacation experience possible, the best options possible would be the Four Seasons Resort in Bora Bora and the Hilton

It is placed away from the din and bustle of the city on a well-manicured lawn that is dotted with gift shops and unenclosed buildings. The botanical gardens are situated right be-

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side it. 15 kilometers further away from Papeete lies the Museum of Tahiti that has interesting exhibitions on Polynesian ethnology, history and culture. Tahiti is also the site of the famous Robert Wan Pearl Museum that is ideal for lovers of pearl. There are two primary hospitals as well as a number of private health centers.

How to Reach Citizens of most countries require a valid passport and a visa to enter the country. Nationals of a few nations like Argentina, Canada, New Zealand, Japan, however, do not need a visa for staying up to 90 days. A visa can be applied for at the French embassy in one’s residential country. The only way to reach the island country is by flight. Cargo and cruise ships are also present but have no definite schedule.

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The chief airport, Faa’a International Airport, has its own flagcarrier, Air Tahiti Nui. The French Polynesian territory is made up of mainly two islands – Moorea and Tahiti. These islands boast of a reliable tourist infrastructure including a well-connected network of streets and efficient public transport system. Travelling from one island to another is possible with the help of a plane (domestic or chartered) or rented helicopter or even by boat. There is a constant stream of ferries to and from the islands. Cargo boats and schooners can take one to inhabited islands. There are even two luxury cruise liners or ships plying the islands at this time. The French Polynesian Islands truly epitomize the beauty and luxury of the South Pacific. Even though the region has been labeled as the most expensive vacation destination, it truly provides you with value for money.

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Balfour Beatty plc

Working to Build a More Robust World

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d

- Richard Meryn

Number One in the UK With a reach that spans from the United Kingdom through the United States and on to Singapore, Balfour Beatty plc, one of the largest construction companies in the United Kingdom and the 15th largest such company on the planet, seems truly on a mission to build the entire world. Industry Leaders Magazine

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It’s had a hand, in fact, in more recent projects than might be known. Balfour Beatty is also involved in engineering, military housing, railroads and even investment services, making it a diversified operation. The bulk of the customers for this British company’s services come mainly from the UK, the United States, Southeast Asia and the Middle East, and the company shows every indication of a strong intent to continue steadily capturing market share in all those geographic regions. Balfour Beatty calls London, the UK, home and from there the company directs its four businesses (professional services, construction services, support services, infrastructure investments) with a high degree of acumen and business savvy. Evidence of this abounds, with 2011 revenue coming in at better than £11 billion, operating income at £331 million and net income of more than £182 million. The company also boasts more than 50,000 employees that work directly for the company while numerous subsidiaries employ many more. First founded in 1909 by George Balfour, a mechanical and electrical engineer, and Andrew Beatty, an accountant, Balfour Beatty plc almost immediately embarked on a growth plan that would see it to its present position of UK dominance and general global importance. It’s never stopped trying to grow, with major 21st century acquisitions including the construction services firm Mansell plc, civil engineering firm Birsse plc and Centex Construction, the former commercial construction arm of giant US builder Centex. In addition, Balfour Beatty scored a key coup with its purchase of GMH Military Housing, which specializes in the building and then administration of military personnel housing at many US military bases.

Division of Labor The company divides its efforts across its four major business units quite capably. For example, it has gathered together its program and project management, project design, technical services, architecture services and its consulting and planning units under the umbrella of its professional services unit.

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Likewise, all its construction-related business is managed by its construction services unit. Its US investment operations include that military housing activity. Additionally, the company is a 50 percent shareholder in Hong Kong’s Gammon Construction, which is busily engaged in construction projects in China and Southeast Asia. Balfour Beatty plc has as its CEO 51-year old Ian Tyler, who has been serving in the position since 2005. Prior to that, McNaughton became a company director in 1999 and was also its chief operating officer (COO) in 2002. He first joined the company in 1996, coming over from the Hanson Group, where he’d served as finance director of one of that company’s subsidiaries, ARC. Tyler himself is a chartered accountant, which in the United States equates to a certified public accountant, or CPA. Fortunately for the company, it seems stocked with quality leadership from top to bottom, and that’s a fortuitous circumstance, given the rocky nature of the current UK construction market, which seems to be in worse condition that its counterpart US construction market.

fewer contracts due to cuts in government funding as a result of continued austerity measures. Though the company reported a 9 percent rise, year over year from 2010 to 2011, in pre-tax profits, & with total Balfour Beatty group revenues 3 percent higher over that same time frame, Tyler has been working to shift company resources into fields such as energy from waste, new nuclear plant

Bracing for Economic Uncertainty Along with most other UK construction firms, Balfour Beatty has taken steps to brace for possible serious downturns in UK construction in the coming months. Tyler recently spoke of the necessity to put thousands of the company’s employees on layoff notice and warning of what Tyler called “continuing headwinds.” Because of several past years of business due to construction done to prepare London as the host for the 2012 summer Olympic Games, Balfour Beatty had been relatively unscathed during the global economic downturn but with the end of construction projects at various Olympic venues such as the Olympics Aquatics Center, Tyler confessed that the UK market – the company’s core market, after all – would be difficult, with profit margins being squeezed as rivals are left to fight over fewer and

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construction and a variety of other activities. Unfortunately, operating profits from its core UK and US building businesses fell by 16 percent, prompting Tyler to order the company to push continued expansion in professional services & by concentrating on recognized growth sectors in rail, power & water & transport infrastructure. Indeed, such services now account for nearly 60 percent of the company’s £15.2 billion

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worth of orders for its services, up from 42 percent in 2010. “Despite the difficult headwinds,” Tyler observed, there were viable opportunities for profit in the UK in fields such as private finance initiative projects in schools & in facilities management. At present, facilities management is only a small part of the Balfour Beatty mission but it hopes to grow that greatly in the months and years ahead.

“Local authorities are bringing more services into the marketplace, integrating contracts and lengthening contract terms” Balfour Beatty has also proven itself proficient at cost cutting, reducing expenses by more than £15 million in 2011, with expectation of cutting another £50 million per year in 2012 and the succeeding years. The company is accomplishing this through revamp & tightening of its procurement procedures as well as cutting duplication and taking a hard look at its leasehold properties & cutting away the fat from that aspect of its business.

Trying to Thrive, Not Just Survive

Proving perceptive, the Balfour Beatty CEO went on to say that “although the UK government’s comprehensive spending review aimed to reduce public sector spending overall (a sector many British companies have greatly benefited from over the decades), it has opened up new kinds of opportunity.” Additionally, the chief executive went on to point out that …

In all, Balfour Beatty seems like it has a handle on not only its historic mission – construction in all its aspects all around the world – but also on the changing face of not only that business along with a realization of the need to begin a more concerted effort at diversification, shifting away from being a primarily heavy construction services firm to more one that engages in design & then management of facilities after seeing to their building or rehabilitation. In addition, Balfour Beatty has been doing yeoman work in moving into various infrastructure investment ventures as well as the management of such infrastructure, increasingly deriving more & more income from non-construction related work in order to immunize itself from the ups & downs as well as vagaries and often-cyclical “boom & bust” nature of the general construction industry. By taking such steps, Balfour Beatty plc looks well-positioned for continued growth, though at a somewhat slower pace than in years past.

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Yellowsto

As Big as the Sky

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one Club

above Montana - Jason Miller

Surrounded by Natural Beauty Montana is a state located in the western tier of the United States known for its rugged and stunning natural beauty. Industry Leaders Magazine

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Affectionately named the “Big Sky Country,” Montana is also home to less than one million residents spread out across more than 147,000 square miles, giving it a population density of less than seven people per square miles. The state is larger in terms of land area than many countries around the world, boasting a width of more than 630 miles from east to west and a north-south depth of more than 255 miles at its widest points. Of late, Montana has also become home to some fairly ritzy and posh ski and golf resorts, including the Yellowstone Club, which is also known as Yellowstone Ski Resort. It’s this resort that’s lately come to greater prominence as more people seek to become members of what’s turning out to be a fairly exclu-

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sive club of well-monied patrons. The Yellowstone Club is located in the eastern section of Montana’s Madison County, sitting within the unincorporated community of Big Sky. Though located itself in a rural setting, Yellowstone Club can be reached from Bozeman’s airport (it’s to the southwest of that city) and is within shouting distance from Yellowstone National Park, hence the reason for its name. Yellowstone Club is a true year-round invitation-only resort, with impressive golfing facilities in the warmer months and skiing and snowboarding during snowy times of the year. Skiers and boarders can take advantage of more than 60 perfectly groomed runs, with beginner all the way up to expert classifications

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being forced to enter bankruptcy in November 2008. It quickly engineered an exit, however, and emerged in July 2009 a new and more vigorous organization. Today, Yellowstone Club is owned by an investor group led by CrossHarbor Capital Partners, a private equity investment firm located in Boston, Massachusetts. The club’s day to day operations are run by Discovery Land Company, a Scottsdale, Arizona land and property developer and premier operator of resort communities and private clubs across North America. Discovery has been acclaimed as being among the world’s finest developers of resort communities by many industry experts. During peak golf and ski/snowboarding seasons Yellowstone Club employs more than 600 people. Estimates of worth of the club vary widely, with court filings submitted during the club’s bankruptcy hearing listing it as worth nearly $780 million. More conservative estimates of Yellowstone Club’s value since those days range from the $115 million price that CrossHarbor Capital paid for it to a $400 million appraisal placed on it during the course of an attempted purchase of it by a club member. It’s worth noting that all club members are what are known as “high net worth,” meaning they possess fortunes in the millions or even hundreds of millions. Certainly, Yellowstone Club, bordered on all sides by jewels such as Yellowstone itself along with the Gallatin National Forest and sitting directly atop the Rocky Mountains, is located on prime real estate. The club’s ski runs, for example, are sited on Pioneer Mountain and its nearly 9900-foot summit. Multiple ski lifts and runs at the resort lead to another resort, Big Sky, which in turn can feed skiers directly into and out of Yellowstone National Park via another dedicated lift. more than readily available. Yellowstone Club’s private 18-hole championship-caliber golf course sits on a literal mountain, offering breathtaking scenery sure to distract even the most competitive of golfers.

Economic Straits Even the most exclusive of private golf and ski resorts came under severe pressure during the 2008 global economic meltdown and Yellowstone Club was no different,

Strong

Natural Assets

All the above points to the strength of Yellowstone Club’s natural and manufactured assets, which have created great value for the club itself, with a promise of great profit should CrossHarbor finally decide to sell it in the future to a purchaser or investment group. Yellowstone Club also has a reputation for being a “ski resort for the super rich” and it works hard to maintain that reputation. But it offers far more than “just” golf and skiing/snowboarding, with activities including fly fishing, horseback riding, hiking and biking, kayaking and even special activities for children as well as highly organized all-terrain vehicle (ATV) guided tours of the locally famous Eglise Mountain. Most members of the club make use of its swank lodging facilities, including the Warren Miller Lodge, which lies at the heart of the club’s private mountain village. The lodge

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provides a wide variety of signature services encompassing everything from dining to business centers to a complete fitness center as well as luxurious day space and much more. Yellowstone Club’s premier wine program, hosted through its fine dining facilities, is rated as among the best in the western United States. Added all together, the combination of scenic natural beauty, challenging golf and ski environments and lap-of-luxury lodging amenities help to make Yellowstone Club a valuable property, that’s only made more so by the fact of custom-built residences, condominiums and various ranches and homesites sprinkled throughout the club’s nearly 14,000 acres. Plans are also in the works to further improve this aspect of the club, bringing even more worth to CrossHarbor Capital’s investment. And the investment at this time seems solid, given the fact it can boast of members such as Microsoft founder Bill Gates, one of the richest men in the world. A special Yellowstone Club World Membership, which will offer access to more than 10 properties worldwide, is available to existing club members at a price of only $2 million in upgrade fees, with non-members having to pay at least $4 million, though some estimates put the real price for non-members at more than $10 million. Bushwood Country Club, the fictional members-only club depicted in the 1980 comedy classic “Caddyshack,” Yellowstone Club most certainly isn’t.

High-Priced Fees

Membership

Though Yellowstone Club keeps general membership purchase prices close to the chest, most industry experts say that once invited to join it costs a flat fee of about $250,000 plus another $5 million to $35 million to purchase a mountainside home. In addition, yearly dues to remain a member of the club start at about $20,000. Given the high net worth of individual members, and the waiting list to be invited to

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submit an application for membership, the club hasn’t had to work hard to attract the requisite member base to remain a viable and even thriving operation. The club, after all, caters exclusively to the ultra-rich and has done so practically since when it was founded in 1999 by Tim and Edra Blixseth. It also attracted the likes of Sam Byrne, managing partner of CrossHarbor Capital, who saw an opportunity for fabulous profit and engineered the purchase the private equity firm eventually made. Since its purchase, in fact, CrossHarbor’s Byrne says that the club has attracted more than 40 new members, has made more than $175 million in real estate sales in 51 separate purchases of undeveloped lots, single-family homes and condominiums. Byrne observed that having to endure the bankruptcy process was “stressful,” and that finally making it to the other side (successful exit from bankruptcy) …”has made it (Yellowstone Club) a stable place to work and to be a part of.” Byrne himself founded CrossHarbor in 1993, and has since seen to the management of more than $10 billion in financial and real estate assets spread across more than 300 transactions. He’s no amateur when it comes to such financial issues, in other words, and he also graduated with a degree in economics from Tufts University.

Happy Days Return It looks like Yellowstone Club’s best days now lie ahead of it, with capable management by Discovery Land Company and more than sufficient financial backing by CrossHarbor Capital and its leader, Sam Byrne. For those out there with money to burn, literally, but with no real desire to just set a match to it, a perhaps far more satisfying way to divest themselves of a certain portion of their fortunes is presented by membership in the Yellowstone Club, one of the most exclusive private resort clubs in the United States.

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Petroleos de

Helping to Crea

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e Venezuela

ate a Sea of Oil

- Ania Domanska

An Oil Powerhouse In the world of energy production it’s still the case that the fossil fuels, most especially crude oil, is still king. In that regard, a relatively small number of countries spread around the world have been doing the bulk of the energy exploration and production for several decades, including the South American oil company Petreleos de Venezuela, S.A. (PDVSA), which is state-owned and very busy when it comes to exploration, production, refining and exporting oil around the world.

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In addition to its oil endeavors, PDVSA has a strong interest in natural gas exploration and production. First founded as a result of the nationalization of the Venezuelan oil industry on January 1, 1976 Petroleos de Venezuela has been the dominant oil producer in that country as well as the fifthlarger oil exporter in the world.

policy from Central University of Venezuela (UCV), which also sits in Caracas and is the premier public university in the region. Ramirez, in other words, seems wellqualified for his duties. For a time, he was also dual-hatted, serving as energy and oil minister in Venezuelan president Hugo Chavez’ cabinet.

More properly known as a state-owned enterprise, PDVSA has its headquarters in the Venezuelan capital city of Caracas, where it’s been headed by Rafael Ramirez since 2004. A holder of a bachelor’s degree in mechanical engineering from the University of the Andes (ULA) in Venezuela as well as a master of science in energy

In terms of oil production capacity, Petroleos de Venezuela has been rated by industry experts of being capable of producing as much as 4 million barrels per day, though typical output ranges from estimated highs of 3.3 million barrels per day down to 2.8 million barrels daily. By its own estimate, PDVSA has proven re-

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serves of 77.5 billion barrels of conventional oil reserves, making it the largest holder of such reserves in the Western Hemisphere and fifthlargest in the entire world. PDVSA also claims to be sitting on more than 235 billion barrels of tar-like extra heavy crude, which is more difficult to refine, in the country’s Orinoco Belt region. If true, the country and PDVSA would be the holder of the largest hydrocarbon reserves in the world. As if that surfeit of riches weren’t enough, PDVSA also holds more than 150 trillion cubic feet of natural gas reserves. In short, the company has an embarrassment of oil and natural gas riches, and in a part of the world where wealth in such minerals can go quite a long way.

Trouble in the Oil Patch All is not completely golden, though, when it comes to Petroleos de Venezuela, with many industry experts and observers noting that the company – from which Hugo Chavez diverts much profit in order to support a great deal of social spending – has lately been failing to reinvest in operations and maintenance. As a result, the company has been suffering from a variety of ills in both its oil as well as its natural gas activities. Some experts point to the large number of government-directed patronage hires, in which many friends, relatives and associates of the Chavez government have found comfortable sinecures within PDVSA for which they’re not qualified, at least in terms of background and training in energy production, as a potentially serious problem that could negatively impact the survival prospects of the company over the long term. Even one of Venezuela’s largest oil unions has expressed alarm at the state of the PDVSA operation, fearing that what it calls the “lack of direction, investment and maintenance” in Petroleos de Venezuela could be severely degrading the country’s oil and natural gas industries. Evidence of potential problems within the company lies in the growth of its payroll, with more than 115,000 employees – double the number since Chavez took office in 1999 – now drawing a steady paycheck. With such a large growth in the number of workers at PDVSA has come a very large increase in debt, which has risen more than 10 times since 2006 and now exceeding more than $34 billion. Even with the rampup in manpower, actual oil production has generally declined since 1998, with 25% less oil being

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pulled from the ground according to estimates by OPEC, the Organization of Petroleum Exporting Countries, of which Venezuela is a member. Reliable estimates of such things as production, revenues and expenditures as well as debt can be hard to reconcile, though, owing to the tendency on the part of nationalized companies anywhere in the world to release reports as directed by their nations, said reports mostly always seeking to put company operations, and their host nations, in the best light possible.

Corporate Social Responsibility In terms of being a good corporate citizen in Venezuela, few would dispute that Petroleos de Venezuela isn’t chipping in in a big way – whether by deliberate design or at the behest of the Chavez government. In 2011, PDVSA contributed more than $27 billion dollars to Venezuelan social programs, though it directed only $17.5 billion towards various capital investment and energy projects, missing its own goal of $18.4 billion. Both numbers ended up being much lower than its projected capital investment intent in 2010, in which it hoped to apply more than $31 billion towards such investment. Industry watchers say that plans to construct new natural gas complexes as well as new refineries needed to boost oil production have been pushed to the side by the company’s social programs works, unfortunately. By most reports, Petroleos de Venezuela domestic production fell by 4.2% year over year, 2010 to 2011, with natural gas production suffering an even steeper loss, down 17%. PDVSA, though, because of its stunningly large crude oil holdings, could go for a very long time operating at inefficiencies that would tend to hurt most nongovernment-owned oil companies. In addition to that piece of good news, the company just announced the finalization of a $2 billion investment contract with US oil giant Chevron that’s aimed at increasing production at the jointly owned Boscan oil field in the northwest state of Zulia. PDVSA also has a direct presence in the United States, through its ownership of the familiar Citgo gasoline brand. In total, 2010 revenues for Petroleos de Venezuela came to more

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than $88.6 billion, with net income amounting to over $4.3 billion. Assets held by the company ring up at almost $142 billion. In addition to the Citgo subsidiary (Venezuela has provided, at various times, more than 50% of US total oil imports), PDVSA owns a wide variety of oil, natural gas and other companies. PDVSA’s Ramirez, in his role as Venezuela’s oil minister, has taken care to be measured in his public statements regarding Petroleos de Venezuela initiatives, though he’s been more voluble when it comes national programs to combat such activiteis as fuel smuggling, something which has been rampant and a fact of life in Venezuela for many years. Fuel smuggling in the country is driven by the extremely low prices Venezuelans pay for fuel from PDVSA, which heavily subsidizes it in country. Thanks to PDVSA and its subsidization efforts, Venezuelans pay extremely low prices for gas, loading their cars up with it and then driving over the border to Columbia, where they then sell it at far higher rate. Ramirez, in noting antifuel smuggling efforts undertaken by both

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PDVSA as well as the government, said that “more than 56 million liter (of fuel) have been taken away from contraband each month...fuel that’s robbed, that belongs to the Venezuelan people, [and] that’s for our development.” Ramirez also estimated that more than $40 million monthly was being saved as a result of the effort to stamp out smuggling.

A Mixed Bag In all, Petroleos de Venezuela presents a mixed bag for those looking at the company with an eye towards its activities on the world stage. There’s little doubt that it’s a global giant when it comes to oil and natural gas production, and that the Venezuelan oil company – and the nation which nationalized it all those years ago – may even have the largest oil reserves in the entire world,with much of that energy just sitting in the ground, waiting for series exploration and exploitation as well as development. On the other hand, its continuing issues with efficient management may be putting a damper on a potentially very rich future.

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Q-Cells SE

Working to Find a

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E Solar

a Ray of Light - Richard Meryn

Troubled Times With its entry into bankruptcy in April 2012 Germany’s Q-Cells, a true solar industry powerhouse that helped to give birth to a new, hopeful era in which solar energy would finally reach its true potential, became the latest casualty of the shakeout that’s hit this particular industry and market hard. Industry Leaders Magazine

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Though the U.S.A.’s Solyndra, a maker of thin-film solar cells, has garnered the majority of news when it comes to this market, Q-Cells had actually been responsible for the lion’s share of innovation and market development. Unfortunately, a sharp drop in the price of photovoltaic cells (the key component in a typical solar panel) as efficiencies in their power output continued apace and less-expensive products from China inundated the market struck at the German solar energy producer in a particularly acute manner. To add to Q-Cells woes, cuts in subsidies to solar companies paid by the European Union and other government entities took away from the bottom line, with the oversupply of solar-related products preventing it from stabilizing prices it offered for its products. Formerly the world’s largest solar manufacturer in 2007 and 2008, Q-Cells was unable to fend off Chinese companies operating with labor and materials costs far below what the German solar maker could offer. With such financial woes comes woe to stock

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prices and this is no different in the solar energy sector. Being in bankruptcy at the moment there’s little point in touting such issues as share price because such things are affected by a myriad of input factors such as court hearings and actions taken by bankruptcy trustees.

A Bright Past Prior to entering such cloudy and overcast financial and business straits, Q-Cells was Europe’s prime solar energy producer, with 2011 production at 717 megawatts worth of power potential strictly from its solar energy panels, off a high 1 gigawatt in 2010, Q-Cells still looked like a company that could meet the Chinese and subsidy challenges and emerge in relatively decent shape. But the confluence of events, where seven other major solar manufacturers have entered bankruptcy protection since August of 2011, was just as merciless to Q-Cells as it was to those solar makers that had gone before it. The company last turned a yearly profit in

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2010, though its fortunes turned seriously south in 2011, when it lost more than €845 million. In March 2012 Q-Cells announced that it was projecting a loss for 2012 as well, but that it expected to return to positive earnings for 2013. However, with the sometimes frustrating corporate bankruptcy process found within the European Union, it’s anybody’s guess as to when, or even if, Q-Cells will successfully emerge from its current situation.

Signs of Good News It hasn’t been all bad news for the German solar maker, though, with the company’s insolvency administrator, Henning Schorisch, receiving backing from creditors of the company to further pursue his plans to bring light to the Q-Cells’ dark financial condition. Henning will maintain company operations and seriously explore a potential restructuring operation, either

through investor solutions or, barring that, by making use of an insolvency plan. With unanimous backing from all Q-Cells creditors, it’s believed that Schorisch now has the necessary authority to pursue many more avenues to ensure the long-term viability of Q-Cells than would be possible if there were a split of creditors into various factions. That happily turns out not to be an issue when it comes to the German solar energy producer. Q-Cells itself has headquarters in Bitterfeld-Wolfen, in Saxony-Anhalt, Germany. First established in 1999, its core business is still mono- and multi-crystalline silicon photovoltaic (PV) cells, and for nearly its first decade of life it was the undisputed master of their production, marketing and marketing. The company first commenced mass production in 2001 and it lists 1500 people on the employee rolls at its Bitterfeld-Wolfen site. In addition to the German

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location, Q-Cells pioneered a solar plant in Selangor, Malaysia, where another 1000 employees work. Another potentially positive development in the Q-Cells struggle to make its way through insolvency has been the announcement by the Chinese energy group Hanergy that it’s buying Solibro, a Q-Cell subsidiary that makes CIGS, or copper indium gallinide selenide thin-film solar modules. Solibro is a strong player in what are called “building-integrated p h o t ovo l t a i c s ,” o r BIPVs. The subsidiary had gained a notable position in the production of BIPVs for small industrial and commercial roofs in Germany and elsewhere. Other companies in the Q-Cells subsidiary group include Flexcell – a maker of rollable solar chargers – and Solaria Corporation, which is involved in production of silicon, another important material useful in solar panel manufacture. The German solar maker had also been involved in a joint venture partnership (JV) with Chinese solar wafer maker Solar LDK. The two intended to develop large-scale solar power plants across Europe and China. A falling out occurred in 2009, though, and the dispute between the two ended up in various courts. The Q-Cells

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insolvency situation has pretty well caused any sort of other anticipated alliances and joint ventures with other companies to come to a halt for the moment. The Hanergy deal, at present, shows the most promise in cast-

ing a ray of sunshine of Q-Cells operations, though it’s indicative of seeming Chinese desire to continue to create a glut in solar power manufacture in a market that’s seen a 49 percent price drop in the cost of the average solar panel in just the 2011-2012 time frames. By creating such a condition

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in the solar energy markets, Hanergy and other Chinese companies no doubt hope to gain permanent dominance and with it the ability to command price premiums.

Managing for the Future Despite its insolvency, Q-Cells still maintains a North American presence, with offices in San Francisco, California. The company is headed by 46 year-old Dr. Nedim Cen, who’s been its CEO since early March of 2010. Cen himself holds master’s degrees

in mechanical engineering and business administration as well as a Ph.D. from Switzerland’s University of St. Gallen. A proven turnaround specialist who was recruited to the company precisely to steer it through rough shoals, insolvency administrator Schorisch has noted that he aims to implement nearly all the points laid out in the previous restructuring plan created by Cen. “In the meantime (meaning before QCells emerges from insolvency) we have achieved orderly circumstances after the initial turbulent days that followed the company’s filing for insolvency,” Schorisch recently said in an interview with Photovoltaics Magazine. The German insolvency administrator also took pains to note that the company had sufficient capital to fund operations, pay wages and continue to press into new markets. Liquid resources held by QCells amounted to more than €150 million as of May 2012, in fact. If Q-Cells can indeed navigate its way through its current cloudy and even dark circumstances it stands a chance of emerging into a much brighter and more profitable future. With Hanergy purchasing the Solibro subsidiary, additional capital will also be injected into the company, a fact that no doubt will make its creditors extremely happy.

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Nippon Express Ready to Dominate Global Logistics - Christine Taylor

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Broad Logistics Proficiencies Napoleon Bonaparte once famously observed that an army fights on its stomach, meaning that if the beans and bread can’t be delivered to the troops the fighting would soon become impossible to carry out. Industry Leaders Magazine

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Though the French general and emperor wasn’t the first to ponder on the complexities of modern logistics he was probably the first leader in the modern era to give it the credit it was due for his at least stunning initial success when it came to warfare. Today, though, logistics is about far more than military matters, broad and di-

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versified logistics consulting companies like Nippon Express – a worldwide leader in global supply chain management solutions – stand at its apex, delivering an array of solutions to companies large and small. Indeed, with proper management of a company’s logistics processes, the levels

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of efficiency that can be gained, as well the cost savings that are frequently realized, can be astounding. And Nippon Express, for example, stands ready to help those logistics dreams be realized. Currently expanding across the globe, the company has a strong presence in Japan, the Americas and Europe. From its base in Japan, Nippon Express has been working hard to move into a strong position in East Asia, South Asia (and the lucrative India market) and Oceania. Typically, logistics consulting companies try to offer a menu of business solutions to their clients, with such services designed to meet the needs of each particular client, whether for transport and distribution of products and goods over the land, the sea and in the air. From industry talk, nobody’s been doing it better than Nippon Express lately.

Operations in Japan In Japan, for example, the company offers to its clients the ability to make use of its large number of logistics centers, where clients have access to inventory storage for materials and products but also a wide variety of solutions tailored to their specific requirements. No one Nippon Express logistics center is exactly like another because each client making use of a center has needs different from other clients. In addition, the company uses its well-developed transport network that encompasses the whole of the country. Clients with similar products load their goods on Nippon Express delivery trucks and the like and the cost savings gained come through collective delivery of same-category products and shared desti-

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nations. In the Americas, Nippon Express U.S.A. features what it calls “Time Advantage Service,” taking advantage of two key gateway airports, one in Chicago, Illinois and the other in New York City, where inbound deliveries are picked up and then moved throughout the U.S. via high-speed shuttle truck service and a network of Nippon Express centers. The company’s IT-intensive transport management system and intermodal services that make use of its own dedicated flights have a high rate of on-time delivery, with much shorter lead times required of clients that result in lower costs. Nippon Express also boasts of its NEWLINKS North American region truck service, a crossborder truck transport division that enables delivery in the U.S., Mexico and Canada for customer throughout those three countries.

Nippon Express president Kenji Watanabe has been key to the strong position taken by the company, and it’s lately been working hard to expand its other services, including the sale, leasing and maintenance of motor vehicles as well as real estate. With its international air cargo, door-to-door parcel delivery (where it’s particularly strong in Japan and many other parts of Asia), ex-

Continued A m e r i c a n Growth In the Americas itself, Nippon Express has 14 subsidiaries operating in five different countries, starting with its flagship U.S. operation, which first opened its doors in 1962. It now has a strong logistics consulting, solutions and services presence in Canada, Mexico, Brazil and Columbia. Lastly, its cross-dock – which is also known as a “hub-and-spoke” – operation, featuring a transport route directly from Japan and Asia to locations throughout the U.S., will be a feature of its Los Angeles gateway center, taking in goods from Japanese and Asian shipping destinations and then distributing them all across the country.

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press freight transportation and even moving services, the depth and breadth of skill and knowledge offered Nippon Express is impressive indeed. Under Watanabe, Nippon Express also recently became the first Japanese forwarder to gain accreditation as a Qualified Envirotainer Provider (QEP), which will cover its centers at Tokyo’s Narita and Haneda airports as well as Kansai Airport in Osaka, Japan. At present, Watanabe heads a nearly $70.2 billon corporation with more than 36,740 employees spread around the world. For-

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mally established in October, 1937, Nippon Express Company, LTD. traces its history back to 1872. Since the end of World War II, the company has steadily grown to become the worldwide conglomerate and logistics powerhouse that it is today. Watanabe himself is 62 – an age in the Japanese management system when one is considered to have the requisite maturity, knowledge and experience to helm the largest

sian Far East. A number of major Russian car manufacturers have been setting up plants along the thousands of miles of rail lines and Japanese companies, including Nippon Express, have been busy setting up operations to support the car makers. Watanabe related that the company aims to augment it transport services in that part of the world by making Vladivostok as the gateway to Russia’s interior from Japan and the rest of Asia.

Continued Global Expansion

of companies – and has been an officer of Nippon Express since 2005. Serving as its president since June 2011, Watanabe joined the company in 1972, advancing steadily up the ranks. He’s a March 1972 graduate of Tokyo’s Chuo (“Central”) University, one of the most prestigious private universities in Japan, where he earned his LLB law degree. There would also seem to be no limit to the company’s ambition, as one of its subsidiaries recently opened a sub-branch in the commercial city of Vladivostok in the Rus-

Altogether, at present this global diversified logistics consultation and services company can be found in 214 cities in 38 countries and more than 400 locations. Not counting its subsidiaries and its Japan home operation, direct employees of Nippon Express exceed 16,400. They’re spread out in places like the UK, Poland, Germany, South Africa, Turkey and the United Arab Emirates in Europe, the Middle East and Africa, for example. They also can be found delivering goods in locations like Bangladesh, Singapore, Cambodia, Australia and Vietnam. In short, Nippon Express appears to be on the same steady march, this time throughout the globe, that it’s been on in Japan since its formal establishment way back in 1937. It’s making a concerted push into the most potentially lucrative market in the world, China, and it shows no signs of tiring or waning in its determination to become the global shipping and logistics services provider of choice.

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ENERGY Guangzhou International Solar Photovoltaic Exhibition : Date: 21-AUG-12 to 23AUG-12 The 4th Guangzhou International Solar Photovoltaic Exhibition 2012 organizing committee sincerely invites all solar photovoltaic insiders to gather together at China Import and Export Pazhou from August 21 to August 23, 2012. Preparing 1000 exhibitors with 50,000sq.m, PV GUANGZHOU is dedicated to creating the most influential Solar Photovoltaic trading platform in Asia. Venue: China Import & Export Fair Pazhou Complex, Guangzhou, Guangdong, China China International Offshore Oil & Gas Exhibition : Date: 22-AUG-12 to 24-AUG12 China International Offshore Oil & Gas Exhibition (CIOOE), a regular show in oil & gas industry, has been held simultaneously with China International Petroleum & Petrochemical Technology & Equipment Exhibition (CIPPE) for 11 sessions successfully. It is recognized by UFI as the 22nd high quality show in the Chinese Mainland, & has become the largest petroleum exhibition in the world. Venue: Shanghai New International Expo Centre(SNIEC), Shanghai, China Clean Energy Expo Asia : Date: 12-SEP-12 to 14-SEP-12 Clean Energy Expo Asia is one of the most widely anticipated trade events in the continent,dealing exclusively with the renewable energy & mobility sector.Organized at Singapore,the event draws in active participation from expert service professionals from the technology and and finance sectors,and the latest news,views & trends from the industry are analyzed in detail at the show.Corporate houses participating at the show have the scope to strike up profitable partnership deals with fellow attendees at the show. The show has participants hailing from as many as 24 different nations,and the event ranks as one of the best platforms for getting acquainted with clean and renewable energy sources. Venue: Bangkok Convention Centre, Bangkok, Krung Thep, Thailand KlimaEnergy : Date: 20-SEP-12 to 22-SEP-12 KlimaEnergy will represent a forum for exchange, helping in the economic & technological development of the hydrocarbons sector and the energy industry in general. It provides you with an unprecedented opportunity to showcase your products or services to a select group of industry buyers. Venue: Fiera Bolzano, Bolzano, Trentino-Alto Adige, Italy

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MANUFACTURING

NANO KOREA Exhibition : Date: 16-AUG-12 to 18-AUG-12 NANO KOREA - The 10th International Nanotech Exhibition in Korea is a largest nano technology events. It will attract many 8,000 visitors and 230 exhibitors with 380 booths from 40 countries related categories to focus on Powder manufacture, dispersion & mixture, Precision Array (optics, machinery, electronic parts), Electric printing. Venue: COEX Convention and Exhibition Center, Seoul, Seoul-T’Ukpyolsi, Korea Courovisao : Date: 28-AUG-12 to 30-AUG-12 Courovisao is one of the biggest trade expos of the region. This trade event will be held at the reputed Exhibition Centre of Fenac Novo Hamburgo. The trade fair will be focusing on the footwear industries of the region. Courovisao will be contributing to the fashion industry of the region. There will be a huge collection of footwear and shoes in the trade expo. This expo will be a perfect business destination where the exhibitors will meet the visitors and will be growing their business networking and expand their trade in this internationally ranked expo. The visitors will be catered with their expectations. Venue: Parque de exposicoes da fenac, Novo Hamburgo, Brazil China Plastics & Rubber Industry Exhibition : Date: 29-AUG-12 to 31-AUG-12 China Plastics & Rubber Industry Exhibition provides the latest and the best in plastic materials for all manufacturing and processing industries. The exhibiton will be held on 29-31 Aug 2012. Venue: Qingdao International Convention & Exhibition Center, Qingdao, Shandong, China BTS Trade Fair : Date: 11-SEP-12 to 13-SEP-12 BTS Exhibition is a perfect home for the shoes, leather goods, shoe accessory, leather garments, machines and more. Footwear & leather products are on high priority these days. In the marketplace, there are numbers of stylish footwear and trendy leather goods are the key highlights and attract major industrial centers in the region. BTS Exhibition will demonstrate various products and goods which include renowned designers and world acclaimed companies who will launch their footwear goods and leather products in the event. It is one of the biggest expositions specializing in footwear, machines, software and leather products. Venue: Poznan International Fair Grounds, Poznan, Poland

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CONSTRUCTION

Interbuild Qingdao : Date: 17-JUL-12 to 19-JUL-12 Interbuild Qingdao 2012 (the 8th China Qingdao International Construction & Decoration Materials Exposition) is the third biggest fair in construction materials industry in China. Doors windows curtain walls and related equipment, wooden door and construction hardware, floor covering materials and products etc. Venue: Qingdao International Convention & Exhibition Center, Qingdao, Shandong, China Hospital Build Asia Exhibition & Congress : Date: 19-JUL-12 to 21-JUL-12 This is the only event in the region that is dedicated to advance the design, build, management and the business of hospitals in Asia. Expecting 4000 visitors, Hospital Build Asia 2012 delivers 8 world-class conferences with leading international thought leaders to drive the business of hospitals forward. Venue: Marina Bay Sands Singapore, Singapore Interbuild Africa : Date: 15-AUG-12 to 18-AUG-12 Interbuild Africa will reflect all that is good about the African building industry; a place to share best practice, inform on new product development and review technological advancements. Interbuild Africa will create an exciting environment that brings buyers and suppliers together and helps to create lasting relationships for the benefit of the whole construction industry. Venue: Johannesburg Expo Centre, Johannesburg, Gauteng, South Africa Formex : Date: 16-AUG-12 to 19-AUG-12 Formex is one of the premier interior decoration sector trade shows in Sweden. The show serves as a convenient platform for top professionals from the Nordic interior design sector to directly interact with each other and exchange information on the latest topical issues. More than 26000 attendees take part at the show, including a large contingent of foreign participants as well. A wide array of interior design themes, art and craft items, home textiles, kitchen accessories, gardening tools, toys and informative trade publications are showcased during the event and attending companies are provided with ample business networking opportunities too. The Cosy Minimalist trend design theme is one of the main highlights of the show, which is attended by over 850 professional exhibitors. High quality tea, coffee and spices are also displayed at the show. The event draws in more than 800 media personnel as well. Venue: Stockholm Exhibition and Congress Center, Stockholm, Sweden

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SUPPLY CHAIN

Sala Logistica De Las Americas : Date: 02-AUG-12 to 03-AUG-12 Sala Logistica De Las Americas is an International Fair for Transport & Logistics sector in Colombia. It is the most important presentation of transport and logistics. Sala Logistica De Las Americas will be held at Corferias-Centro de Convenciones from 02 to 03 August 2012. Venue: Corferias-Centro de Convenciones, Bogota, Colombia Intermodal Africa : Date: 06-SEP-12 to 07-SEP-12 The 10th Intermodal Africa 2012 is recognized as one of the largest Ports, Shipping & Logistics Exhibition & Conference of the African continent. This 2 days event is organized by Transport Events Management Limited in Durban, South Africa. The conference is attended by around 700 key pioneers shippers, cargo owners, freight forwarders, logistics companies, terminal operating companies from all over the world. Venue: Durban International Convention Centre(ICC), Durban, South Africa InnoTrans : Date: 18-SEP-12 to 21-SEP-12 InnoTrans 2012 is the international focused exhibition for transport engineering industry. It is one of the major tarde fairs in Germany that exhibits transport technology, innovative components vehicles and systems. It will assemble leading manufacturers, geologists, engineers, scientists, researchers, consultants and other industry professionals under one roof. Inno Trans is an international platform for buyers & sellers of passenger & freight transport technology. It will display a range of ventilation systems, energy supply systems & illumination, passenger & freight transport firms, public transport, vehicle maintenance etc. Venue: Messe Berlin, Berlin, Germany Intermodal India : Date: 25-SEP-12 to 27-SEP-12 Intermodal India is one of those unique shows which assembles all the elite professionals and qualified experts of the transportation and logistics industry on a common platform to give a huge exposure to the entire sector in the international arena. Presence of more than 110 professional exhibitors and sponsors from various parts of the country promises to showcase an extensive range of logistics products & technologies. Covering a huge exhibition area of about 10,000 square meters with numerous exhibition stands & booths, this show will be held at the Bombay Exhibition Center exhibiting a wide array of automated storage & retrieval systems, material handling equipments, packaging & packaging materials, storage systems, warehouse automation, packing machines, equipment & accessories. Venue: Bombay Exhibition Center (BEC) , Mumbai, Maharashtra, India

Industry Leaders Magazine

July 2012

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FOOD & BEVERAGES

Hong Kong Food Expo : Date: 16-AUG-12 to 20-AUG-12 Hong Kong Food Expo is the leading part of this technology forum. It showcases all kinds of food processing & packaging machines, materials, systems & products under one roof. This is the unique opportunity to meet senior buyers & decision makers from all facets of the user industry. Venue: Hong Kong Convention & Exhibition Centre, Hong Kong, China (Hong Kong S.A.R.) Aahar The International Food Fair Chennai : Date: 23-AUG-12 to 25-AUG-12 Aahar The International Food Fair Chennai is a high profile exhibition that is dedicated to the food sector of India & is scheduled to take place in the city of Chennai in South India. The exhibition will be taking place in the course of three days and will be featuring some of the best suppliers & manufacturers of food products in the country. Aahar The International Food Fair Chennai strives to present the exhibitors with a platform through which they can attain visibility & exposure for their products & services. As for the visitors, it is a perfect opportunity to interact with the exhibitors & forge valuable deals that will further their business interests. Foreign buyers are expected to come as well. Venue: Chennai Trade Centre Chennai, Tamil Nadu, India Hogatec Essen : Date: 02-SEP-12 to 05-SEP-12 Hogatec Essen promises to be one of the most comprehensively organized fair, which will deal with food and beverages industry. The show is scheduled to take place in Essen. The fair will be held over a period of four days. The organizer of the chief fair is Messe Essen GmbH. The exhibitors of the show will display the various products including food, beverages & related equipments & services. Hogatec Essen will be a grand event, which will facilitate the exhibitors with the opportunity of marketing their products among the visitors present in the show. The new concept of the fair, including the optimum participation from the ambience & design related to the food & beverages industry, will cover the needs of the visitors to the fullest. Venue: Essen Exhibition Centre (Messe Essen), Essen, Nordrhein-Westfalen, Germany Food & Drinks Asia : Date: 06-SEP-12 to 09-SEP-12 Food & Drinks Asia is an International Exposition on Specialty Foods, Delicatessen, Confectionery, Beverages, Beers, Wines and Spirits. This is the 16th edition of the session. The event will provide a best platform to meet all the professionals from related industry under one roof at the Manila World Trade Center Metro. Venue: World Trade Center Metro Manila, Manila, Metropolitan Manila, Philippines

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Industry Leaders Magazine July 2012 Issue