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November 2012

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Like the well-known proverb says “Don’t put all your eggs in one basket”, our cover story talks about the companies who actually took this proverb way too seriously and diversified. Looking at the current state of economy in most of the countries, a lot of suffering business would actually regret for not diversifying. So placing each egg in a different basket is more diversified. While a diversification could happen at a corporate level it could also be considered at a business unit level. But we just have focused on a corporate level diversification with success stories of businesses which actually made it big after venturing into a different business area. Our new feature about ‘Business destinations’ would certainly be of a great interest to anyone who is looking for a friendly business destination to conduct smooth business. ‘Cities of future’ creates an interesting image of how our future cities would evolve in next 100 years. A great write up I should say. All this and more…

Carrie Ann Editor-in-Chief,

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October 2012 FEATURES

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Contents 42

62 Singapore

Singapore, a land area of approximately 710 square kilometers, is one of the easiest places to do business in the world...

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Diversification Strategy happens to be one of the very first things to be sacrificed during a time of crisis. Read More...

102 Laing O’Rourke Laing O’Rourke is the largest privately owned construction solutions provider in the UK. Formed over 30 years ago, the Group’s international operations...

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Contents

Success Stories

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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Mergers & More

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Larger Than Life

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NEAPCO Neapco offers distinct advantages to automotive, commercial truck, off-highway, agricultural, construction and industrial ...

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112 Industry Events & Tradeshows 92 72 8

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Saudi Aramco The story of Saudi Aramco tells of the discovery and development of the greatest energy reserves the world has ever known and the rapid...


Success Stories

Head-Space

18 Leader Talk Workplaces have always been associated with a dull and lifeless environment. Not much attention is usually paid to the décor or recreational options...

I want to put a ding in the Universe !

- Steve Jobs

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Coca-Cola & Sanofi venture to release ‘beauty drinks’ in France The Coca-Cola Co. and Sanofi SA decided to start a venture to launch a line of ‘beauty drinks’ in France. The 50-50 partnership aims at diversification of products and entering a new market for both the Coca-Cola Co. and Sanofi.

Coca-Cola’s ‘beauty drinks’ The Coca-Cola Co., the U.S. softdrinks giant, went into the venture with French drugs maker Sanofi SA to launch a line of ‘beauty drinks’ in

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France. ‘Beauty drinks’ are called Beautific Oenobiol after Sanofi’s beauty nutrition brand. In addition, Coca-Cola’s ‘beauty drinks’ are said to aid health and beauty. According to the statement, The Coca-Cola Co. and Sanofi intend to launch ‘beauty drinks’ this autumn. Kent Landers, the spokesman for the Coca-Cola Co., has noted that the launch of ‘beauty drinks’ is currently limited to a number of pharmacies located in France. Even though companies declined

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to state whether ‘beauty drinks’ would be sold in other markets, it is expected that the distribution of Beautific Oenobiol could be extended to other European markets as well.


Latest In

- Anna Domanska

Sportingbet to bet on William Hill & GVC takeover offer William Hill PLC and GVC Holdings PLC informed that they agreed terms of a £530 million takeover of gambling firm Sportingbet PLC. William Hill and GVC Holdings had to increase their initial offer for Sportingbet to 61.1 pence per share. Sportingbet is yet to receive the formal offer of the takeover.

Takeover of Sportingbet According to a statement, Sportingbet will back the revised takeover offer from William Hill which is the biggest bookmaker in the United Kingdom. As it has been stated, Sportingbet would unani-

mously recommend the William Hill and GVC Holdings’ revised takeover to its shareholders. William Hill and its partner in the joint venture, GVC Holdings, previously had offered 52.6 pence per share back in the September. A £350 million takeover offer, however, was turned down by Sportingbet’s board. The board believed that the initial offer was undervaluing the company and its prospects as well. The company, which was founded back in 1997, currently has over 700,000 active customers in 26 markets.

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Amazon to hire over 50,000 workers for holiday shopping season Amazon.com Inc. informed that it would hire over 50.000 temporary workers at its order-fulfillment centers across the United States for the upcoming holiday shopping season.

Amazon gears up for holiday season Even though it is October, retailers, including Amazon.com Inc., have started preparing themselves for the holiday season. According to the latest statement of Amazon.com Inc. is to hire more than 50,000 temporary workers in the United States for the upcoming holiday

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shopping season. The company, which employs approximately 20,000 employees, wants to place new temporary workers at its 40 order-fulfillment centers across the Unites States. Amazon. com Inc. expects thousands of those temporary workers to stay on full-time after the holiday season ends. Dave Clark, Amazon.com Inc.’s vice president of Global Customer Fulfillment, noted: “Temporary associates play a critical role in meeting increased customer demand during the holiday season, and we expect thousands of temporary associates will stay on in fulltime positions.�

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Latest In The new Xbox music service from Microsoft all set to challenge Apple The all new digital music service from Microsoft Corp., the Xbox Music is ready and set to take on the Cloud Player of the Amazon.com Inc. and iTunes from Apple Inc. for music on Xbox game consoles.

The Report: According to the reports released on the 15th of October, Microsoft Corp. has made the announcement of its most advanced service in the field of music that is the Microsoft Xbox Music. This service will be made available to

the tablets and the computers that are based on Windows software. In addition, this digital music service from Microsoft Corp. will be incorporated in the soon to release Surface tablet from and the latest Windows 8 operating system from Microsoft Corp. as well. This digital music service from Microsoft Corp. is then to be included in the phones shortly. The Microsoft Xbox Music will provide access to nearly 30 million songs out of a global catalogue as compared to only 26 million from the iTunes library.

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Sprint Confirms Negotiations with SoftBank of Japan After struggling with deep losses and a debt load for half of a decade Sprint Nextel Corp. has found its lifeline. The company has announced that it is in negotiations with SoftBank Corp., the Japanese cellphone company. The Japanese company also confirmed that it considered making a substantial investment in the No. 3 U.S. carrier. The possible takeover could turn around Sprint Nextel Corp. as the company has also been affected by the latest wireless consolidation.

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Sprint – SoftBank talks According to a source familiar with the matter, the Sprint Nextel – SoftBank talks, which began this summer, regard taking a stake of approximately 75 percent and providing capital for necessary investments. SoftBank Corp., the Japanese telecommunications company, is to pay roughly $19 billion for the stake in Sprint Nextel Corp. The Sprint Nextel – SoftBank talks began just a week after Deutsche Telekom, the parent of T-Mobile USA, informed about a reverse takeover of MetroPCS, a small company in cell phone service.

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Latest In Lenovo overtakes HP as world’s top PC maker Lenovo Group Ltd, China’s PC maker, edged out Hewlett-Packard Co. in the global PC market. According to findings of research house Gartner, Lenovo Group dethroned Hewlett-Packard and became the world’s No. 1 PC maker in the third quarter of the year.

The battle on the top Global PC market is still kept in suspense as it is not clear which company, Lenovo or Hewlett-Packard, is a No. 1. Two industry analyst companies conducted research on top players in the global PC markets, yet their findings show a different leader. The first research shows

that Lenovo Group has become the No. 1 PC maker for the first time in the company’s history while another indicates that Hewlett-Packard has maintained its top position in the global PC market. According to Gartner, Lenovo Group ended the six-year dominance of Hewlett-Packard. Data shows that Lenovo Group, China’s PC maker, shipped approximately 13.8 million units in the third quarter of the year, compared with Hewlett-Packard’s 13.55 million. The analyst firm noted that the “price cuts” policy of Lenovo had helped the company gain the top position in the global PC market.

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Leveraging Leadership Competencies - Patrick Alain

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Workplaces have always been associated with a dull and lifeless environment. Not much attention is usually paid to the dĂŠcor or recreational options. No wonder people tend to act in a mechanical manner in such a surrounding. Industry Leaders Magazine

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But, in the course of the past few years, it has been noticed that company leaders are focusing on making the workspace a more fun place. Refrigerators are stocked with energy drinks, the staff lounges are equipped with gaming consoles or sound systems and even the food in the cafeteria is edible. All these endeavors are part of the overarching effort of the company to create an environment that is conducive to innovation. Corporate leaders believe that the new improved setting, that is devised for their high-tech innovators, happens to very crucial to their ability to hire and maintain the best talent from all over the globe. International companies are now committed to developing a culture that not only supports innovation, but even goes far beyond a space where members of staff can take a quick game break to re-energize themselves or grab a pack of chips along with a soda. Innovation can encompass a broad range of subjects, from the type of person appointed by the company to the method in which innovation is driven to different regions around the world where business is conducted.

Corporate leaders believe that the new improved setting, that is devised for their hightech innovators, happens to very crucial to their ability to hire and maintain the best talent from all over the globe. 20

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Incorporation of the Trend into the Company Structure Building leadership potential, one of the most important workplace trends in recent times, is possible through attracting, developing and leveraging the talent of the organization that will be vital for groups to distinguish and prosper in the following decade. Leadership competencies basically happen to be leadership skills and actions that result in enhanced performance. Making use of a competency-based leadership approach helps organizations to better recognize and develop their subsequent generation of leaders. Researchers have managed to define the central leadership competencies and international competencies. However, the trends and tactics of future business should lead to the development of new kinds of leadership competencies. Even though some sorts of leadership competencies are necessary to all companies, a firm needs to also define what leadership characteristics are typical to the specific organization to produce competitive benefit.

Leadership competencies basically happen to be leadership skills and actions that result in enhanced performance.

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Approach of the Company In the post-financial downturn setting, incremental and major developments are considered by the CEOs of several companies to be more necessary than ever. On the other hand, the continuous pressure to trim down costs requires that business leaders infuse discipline around R&D enterprises. The CEO, the leader of the company, has got to be a pioneer of innovation. In spite

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of necessary cost reductions across the board, the CEO has to stick to his decision to keep the budget for innovation intact. R&D sectors are essential for the future, so it is unwise to cut costs in this area. Apart from defending the pouring of resources into innovation, CEOs also need to offer air cover to the mavericks who often act as the driving force behind the development of the company. The role of a CEO includes providing protection for individuals who are unique, but can act as useful

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contributors. There are companies which file as many as 200 patents in a year owing to the efforts of a few individualists present in the firm. Some companies prefer to balance the development of new concepts with checks that seek to assign a limit to the cost of carrying out the experiment. These firms have strict guidelines in place to make sure that the staff is able to complete their projects as per instructions, within the stipulated time, using the

specified budget. A certain portion of the budget as well as considerable time is set aside for the purpose of innovation. Workers can spend some time brainstorming to come up with any idea which has the ability to become successful. Most of them might fail, but one or two can be a certified hit for the company. In the long run, the best innovators seem to be those who are able to walk the fine line between long-term growth and near

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term return on investment. Corporations that are successful in the field of innovation will come up with means to safeguard both the brand and the organization from certain failure. Tolerance for failure is sure to result in more success.

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Necessary Leadership Competencies Improved leadership can be promoted by increasing the focus on leadership competencies and the development of skills. However, the skills required for a specific position are likely to change depending

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on the particular level of leadership within the structure of the company. A competency approach might help organizations to establish the positions at which levels need specific competencies. Some important leadership competencies are consistent across different organizations. The overall structure of the organi-

zation is segregated into competencies for leading the company, the self along with others present within the corporation. When choosing and developing leaders, companies should take into account the competencies that the person possesses and compare them alongside the ones that require increased development for success in the position of a leader.

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The current competencies of an individual when compared to the skills required to fill the position of a leader, assist organizations in making better informed choices in hiring, maintaining and promoting leaders. The leadership competencies necessary for leading the company focus on the dynamics between the leader and the organization. The individual should be in a position to handle change and solve problems.

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Informed decisions need to be made along with managing politics and influencing others to take risks and carry out innovative ideas. The person needs to have a definite vision and strategy and use them to comprehend and navigate his way through the organization. An effective leader should be able to lead oneself carefully. He should demonstrate integrity and ethics, and also show others

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that he possesses both drive and aim. The person has to take an active interest in managing himself and increasing his aptitude to learn. He needs to up the level of self-awareness and be adaptable. In order to lead others, one must be a

good communicator and help develop others. He should value both difference and diversity and have the ability to forge and maintain relationships. The individual also needs to be capable of managing teams

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and work groups effectively.

International Leadership Competencies Multinational organizations gain competi-

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tive advantage from developing successful global leaders. Apart from the basic leadership competencies, global leaders have to overcome special challenges that call for extra competencies. The main role of a global leader is to develop business in markets abroad, assign

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business strategy at an international level and handle globally diverse teams. Global leadership competencies can contribute to success by addressing the unique challenges of international leaders. Global leadership competencies support

the development of leaders and, therefore, the overall international business strategy. Global international competencies require an individual to be flexible and open-minded in both tactics and thought. Cultural sensitivity and interest and the ability to deal with complexity are neces-

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sary for these individuals. They need to be honest and reliable, and should also be energetic and resourceful. Value-added business or technical skills are welcome in leaders.

and business strategy. Various kinds of business strategies are present. The firm is able to sustain competitive benefit by building effectively a unique group of skills for the leaders of the organization.

Leadership competencies are used to carefully choose, develop and promote leaders in the company. The creation of leadership competencies involves specific factors like future trends

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Cities of Dream or th Rea

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The

the Future: he Inescapable ality? - Richard Meryn

�When you look at a city, it is like reading the hopes, aspirations and pride of everyone who built it.� - Hugh Newell Jacobsen

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Mankind is facing a challenging change which is sometimes compared to changes brought by the Industrial Revolution. Certainly in the last couple of decades the urban population has been growing extensively. Therefore mankind is at a defining point in how the urban futures unfold. The growing urban population along with ongoing climate change and declining resources seem to be challenges which will transform the future of cities worldwide. Undoubtedly, cities are dense network of

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information, goods and people, not to mention that they are centers of both innovation and knowledge management. According to data, as many as 400 cities around the world have over 1 million citizens. Tokyo is the largest metropolitan area with approximately 28 million. New York has roughly 20 million. Scientist are arguing whether the upcoming changes will bring either revolution or evolution of the cities in general, in fact it is not so important.

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The

What is important is the fact that, without a doubt, the cities in not so far future will change not only an appearance, but the way of functioning as well.

Factors of the revolution These days approximately half of the world’s population lives in cities. And recent data shows that the urban population is still growing and nothing probably will reverse the trend. On one hand, urban areas make up only 2 percent of the world’s land. On the other hand, they spend as much as three-quarters of the world’s resources. The 2004 United Nation HABITAT report predicted that as much as 60 percent of the world’s population will live in cities by 2030. By 2050 urban growth will have continued to increase, according to other research. What’s more, only in the United States approximately 90 million homes and about 190 billion square feet of nonresidential space will be built.

Who has never been at least once fed up with the traffic? Contemporary cities welcome us with traffic and difficulty to find free parking lots. Yet these are the urban signs of the fact that cars are common and natural way of transport these days. And as more people move to cities everything indicates that they will be increasingly dependent on cars. We should keep in mind that cars have not lost their meaning of social status. In some ways this meaning has been even strengthened lately. However the Center for Architecture in New York City showed an alternative vision for the cities of 2030 envisioning them without car presence to such an extent as we experience it nowadays. The use of express bus rapid transit and the increased capacity for bicyclists and pedestrians have been recommended as a cure for the growing presence of cars and car-related issues as well. Another issue that might be a factor of the upcoming r/evolution of the cities is the issue of agriculture. These days people use

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The land equal in size to the continent of South Africa to grow food as well as raise livestock. According to demographers’ estimates, the world will be populated with approximately 9,5 million people by 2050. Taking everything into consideration, including the fact that a person requires a minimum of 1,500 calories per day, mankind will have to cultivate another 2 billion acres to keep up with demand. Other factors might also lead to the emergence of the cities of the future, just to mention the sea level rise, risks of flooding, etc. All of these call for change in the urban planning of cities, which should be more eco-friendly and people-friendly at the same time. People-friendliness is one of the aims of the future cities as these days cities become an integral place of human life, which sometimes seems to be a modern jungle with all dangers included. Yet the question remains how the city of the future will look like. Will we see the cities of future looking like taken from science fiction movies or will they just incorporate the newest technology to ease every-day life and minimize the effects of overpopulation making themselves easier places to live?

Kent Larson’s vision Kent Larson believes that the answer to gripes of the modern world is the creation of responsive cities. He is strongly convinced that the obsolete model being used from 1950s and 1960s has to be change. The city of the future, in his opinion, is a place for people. The question is how to create the city without its negative aspects, including congestion, pollution and disease as well. New technologies should be widely used to help with the problem of urban overcrowding and cities should be designed the way to optimize land usage so many contemporary problems will be solved. His envisioned version of the

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city of the futures includes folding cars, apartments with quick-change robotic walls, vehicles sharing and shared offices as well. He holds an opinion that one of the first things which should be created is better mobility systems for urban areas. Shared-use vehicles for at least four people could be an answer. Moreover, Kent Larson believes that we should look for an inspiration in cities which consist of neighborhoods where each single person could reach his basic needs within 20 minutes walk. As Cyril Connolly stated: “No city should be too large for a man to walk out of in a morning.”

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Green Cities Green Cities are another vision of the cities of the future aiming at reducing or even eliminating fossil-fuel use, promoting “green spaces” and public transportation. Green cities would also develop mixed-use neighborhoods that unite three important areas, including living, working and shopping. The idea is very similar to the idea of the city of the future developed by Kent Larson himself as the aim is to create sustainable urbanism. Even though green cities are incredibly expensive, they seem to be an answer to all of the environmental gripes mankind has been struggling with. The urban population

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The grows and at the same time the pollution grows as well. Therefore current generations need to focus on developing green, responsive and responsible cities which will be able to cope with issues including the urban overcrowding, pollution, crimes, etc., using the technology of the future as an advance. Certainly , most of environmentalist are focused mainly on cutting down the fossilfuel use and using sustainable materials for building the cities of the future. Yet the cities of the future also have to be built and designed the way which will enable its citizens to fully enjoy and take advantage of new technologies so that living conditions will be more tailored to their

needs. The Seascraper is one of these projects aiming at building a sustainable green city of the future. The conception of the Seascraper envisions self-sufficient community of homes, offices and recreational space at the same time.

Tech-savvy cities of the future What will the cities of the future look like? Concepts of architectures differ significantly from each other. Yet they have a few things in common, they want to make the private and professional lives of its habitants more sustainable as well as make them more eco-friendly at the same time using new technologies. Technologies, which are now under the construction or will be, should concentrate on couple of issues which will make the cities of the future good places to live, work and socialize at. Technologies should focus on the issue of feeding, including the possible use of urban gardens. These days alternatives to fossil-fuel travels are being worked on, which will not only help to reduce the pollution, but will be able to economize the space as well. Folding cars, shared cars, pod cars and driverless buses might be used even in the near future. Housing of the fast-growing urban population is another issue which aims at finding the way to make building more efficient and less wasteful at the same time. While thinking about the future apartments, the robotic walls might be the answer, as it was highlighted by Kent Larson. Cities are, certainly, well-positioned to spearheading the greening of the global economy by using technological developments in transport, energy, building, etc. The cities of the future might produce economic and social benefits as well. However, to achieve this the cities of the future will have to adopt development strategies.

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DIVERSIFI


ICATION

A Free Lunch

- Carrie Ann

Diversified and successful American Companies


Strategy happens to be one of the very first things to be sacrificed during a time of crisis. As the state of the economy across the world continues to decline day by day, many have started to limit their thinking only to short term ventures. However, it is a well-known fact that they are not a feasible solution and

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as the markets continue to shrink, most practical people will be considering a spread of their interests which will help them to considerably reduce the exposure or locate new streams of revenue generation. A few of the major firms have proved that a refusal to remain still needs to be the key driving force supporting any thriving business.

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sequently, the company has been able to rise to its current position as one of the leading media and communications providers within the United Kingdom. This approach seems to have resulted in its share of both ups and downs but the lack of reliance shown by the company on advertising has allowed it to enjoy a much better spot than several of its close competitors regarding its ability to withstand the waning economy. Virgin Media has also tried to make use of its influence, which spans many different platforms, recently issuing the announcement that it will air the made-for web US drama Prom Queen across its websites, television channels and mobile portal. When the upturn starts, this enthusiasm to diversify and experiment with new models might help Virgin remain ahead of its competitors like ITV which suffer from reduced number of viewers as well as ad revenues. Having established a virtual mobile phone franchise on top of a brand, Virgin Media has proved that it is not impossible to build an extensive business through diversification, innovation and great product design.

Virgin Media Before it signed a merger in the year 2005 with Telewest, Virgin Media was originally called Virgin Mobile. The company has gained its present reputation for carrying on operations on all four fronts, namely landlines, mobiles, TV and broadband which have significantly added to its portfolio. Con-

Connected by the common thread of communication, Virgin Mobile has focused on this issue from many different perspectives and has put together a general product deal that experienced marketers can modify to suit groups of customers.

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Apple The expansion of focus embarked on by the company was evident through the symbolic shortening of the name of Apple Computers to just Apple Inc. in January of 2007. Following the unprecedented success of iTunes and the iPod, the move to diversify should not have been unexpected. However, the company met with severe accusations, including some from its dedicated fanbase that it had taken on more than it could handle all at once. The extraordinary sales of the iPhone was enough to prove the naysayers wrong for the time being, but with the state of the international financial system in doubt, the latest offering from Apple might give even more credibility to its choice. Now with the Nano version of the iPhone expected to launch sometime in the coming months, the new product is all set to offer the greater part of its bigger brother’s features at only a fraction of the cost. If sales take off as projected, then the high profile maintained by Apple Inc. could rise to stratospheric levels. The combination of design, brand, technology and functionality may prove to be peerless in several arenas. Even though the fields of telephony, computing and music are far apart, Apple’s record proves beyond doubt that even across separate areas of business, the basics of customer appeal can lead to success when correctly applied.

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easyGroup Some of the ventures undertaken by Sir Stelios Haji-Ioannou, popularly called Stelios, might have led to mixed results. But the easyGroup deserves special mention for its utter commitment to diversification and his preferred model of yield management. The system of charging changeable prices over various times has been proven to succeed most effectively with products like seats on airlines, and till now the founder of the easyJet has met with the greatest success when involved in the travel industry. Companies such as easyBus, easyCruise, easyCar and easyHotel have all adopted and spread the no-frills policy into different markets around the world. The easyGroup happens to be proof of the fact that any successful strategy for growth carries with it fair share of risks. In light of this ideal, the company can be expected to continue looking for new markets, irrespective of how bad the financial downturn may be. Essentially a very simple concept, born out of the trade-off between flexibility and price, has resulted in the growth of a low-cost airline sector. Even though the idea came to fruition in some industries, the noticeable lack of relevance in most of the others confirms that diversification can turn out both winners and losers.

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Hallmark Cards When Joyce Hall began making Christmas cards in 1915 following the destruction of his fledgling postcard business in a fire, very few could have foreseen that his company would develop into the largest producer of its kind in the United States.

1950. The Hallmark Hall of Fame television production came a year later. At present, Hallmark happens to be a fully diversified global corporation that counts Crayola, the Hallmark Channel and Hallmark Music among its subsidiaries.

It is likely that meeting with misfortune in the early stage of his business, together with the seasonal makeup of the product, gave Hall the drive to widen the interests of his business. Whatever may be the case, in the following years, Hallmark expanded the lines of its products.

As year-round trade increases, the motto of the company is an apt reminder that diversification is capable of transforming even a niche firm into a major player in the industry. The company met with success by identifying and assembling businesses that are based on a unique theme – family events.

The company dominated the greeting card market in the US as early as in 1928. They were also responsible for inventing the gift wrap by fluke. The case display for their cards in 1936 was followed by the first greeting card shop in

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Recent diversifications have allowed the company to expand further into adjacent businesses the company is involved in.

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Walt Disney Personal opinions about Mickey Mouse and friends aside, it has hard to deny that Walt Disney is a success as a brand. A pioneer of animated films, Disney has successfully expanded into theme parks, merchandising and vacation properties over the course of time. The brand was able to make the difficult leap from Europe to Asia. Disney took a surprising course into social networking the year before when it bought Club Penguin, the virtual world for children, for an undisclosed amount, close to US $700 million.

the interest of the company. Social networking could be a potential risk but as the market downturn takes over the box office, it might just be one well worth affording. Disney seems to have understood, even after all this time, the dynamics of how tween age children might be able to enjoy themselves along with their families. The company epitomizes the diversified leisure sector.

The cost may have been a bit steep but the subscriber database of over 12 million may have been enough to pique

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The Emergence of a New Giant.

- Jason Miller

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Rosneft gets TNK-BP

At first, TNK-BP, the joint venture, seemed to be the perfect match. But time went by and the partnership between BP Plc and a group of oligarchs, the AAR consortium, turned out to be the hell on Earth. Industry Leaders Magazine

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The main issue, which started the never-ending marriage battle, was how the partnership should be run. The British spouse was disappointed with the violation of the venture’s shareholder agreement by its Russian partner, especially when it came to making decisions without the direct support of the company’s board. That argument, however, was just a prelude to slinging mud at each other. At one point it was known that the further cooperation was not possible anymore. Therefore BP Plc decided to sell its shares in TNK-BP by all means. But two parties, which were interested in buying BP’s shares in TNK-BP, showed up on the horizon, including the AAR consortium itself and Rosneft. Then the race just began.

The Bidding War On the 17th of October bidding opened for BP’s half of TNK-BP. Everything indicated that the future of BP’s lucrative Russian joint venture could be decided in couple of days, with the BP’s obligation to conduct good faith talks with its partner AAR ended on the 17th of October. Bob Dudley, chief executive officer at BP Plc, was in Moscow at the appointment of foreign investors with Prime Minister Dmitry Medvedev.

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BP Plc decided to put its stake in TNKBP back in June. The billionaire quartet, which includes Mikhail Fridman, German Khan, Viktor Vekselberg and Len Blavatnik, owning the other half through their AAR consortium was said to bid for BP’s stake in TNK-BP on the 17th of October. On that day the British multinational oil and gas company became free to sell its stake in TNK-BP to a third party. The AAR group had earlier stated that it would go as far as to pay about $10 billion for acquiring half of the stake held by BP Plc in the third biggest oil corporation in the Russian nation. However, according to

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However the future of TNK-BP was far from sealed as, on one hand, Rosneft was negotiating with BP Plc on the offer and, on the other hand, the AAR consortium was considering the sum for BP’s stake in the TNK-BP. According to Mikhail Fridman, the company had not decided how much it would like to pay for the stake, however the sum was to be “competitive”.

The deal to acquire BP’s half of its TNK-BP Russian venture, Rosneft is one step closer to becoming the world’s biggest publicly traded oil producer.

sources present within the industry, BP was not quite tempted by the offer, having put its overall TNK-BP holding up for sale back in the month of June following the collapse of relations among investors. But then a third player emerged in the game, Rosneft. As it was stated by Igor Sechin, chief executive officer at state oil company Rosneft, Kremlin had backed the decision of the firm to acquire BP’s stake in TNK-BP. BP Plc informed that it might take a direct equity stake in Rosneft with some of the sale proceeds.

BP’s stake in TNK-BP was valued at approximately $20 billion, yet the AAR consortium was expected to bid more as the billionaire quartet was also keen on ending the partnership with the British multinational oil and gas company either by acquiring its stake or selling its own 50 percent stake for a decent sum.

Emergence of a new giant Just few days after the 17th of October news was spread out that Rosneft was the one to buy BP’s shares in TNK-BP. Thanks to agreeing to the terms of the deal to acquire BP’s half of its TNK-BP Russian venture, Rosneft is one step closer to becoming the world’s biggest publicly traded oil producer.

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According to sources, a transaction was valued between $26 billion and $28 billion. Rosneft will pay BP Plc approximately $17 billion in cash and the stake of exactly 12.84 percent in the company. In addition, BP Plc is to acquire a further 5.66 percent stake in Rosneft for about 4.8 billion in cash as well. As a result, the British multinational oil company will have approximately $12.3 billion in cash

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and a stake of 19.75 percent in Rosneft as it already owns 1.25 percent of the state-backed company. BP Plc had been negotiating with Rosneft for months. According to sources familiar with the matter, after selling its stake in TNK-BP the British oil giant wants to build up Rosneft shareholdings as a sign of its good faith in Russia. In addition,

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strengthened by the increased shareholding might also go back to the plan and start the exploration of Russia’s Arctic. Jason Kenney, an analyst with Banco Santander SA, believes that the deal has a historic significance for both BP and Rosneft, not to mention TNK-BP itself. However he noted: “I do think Rosneft is the winner in this. They get a lot of credibility by having a western investor on the board and involved in its Russian resource and operations, and it’s a good partner to have.

“I do think Rosneft is the winner in this. They get a lot of credibility by having a western investor on the board and involved in its Russian resource and operations”

BP Plc intends also to use some of the proceeds to pay down the debt. Just two years ago, the Russian stateowned oil major company planned a deal with BP Plc to explore Russian west Arctic. However the strong objection of oligarchs prevented them from beginning the exploration. The BP and Rosneft’s cooperation which would be

For BP, they get an early monetization of its current Russian asset base, they shake off the political troubles that it had by having that stake, but a lot of the upside for BP is probably long-dated and it’s difficult to see how it’s going to be valued into BP’s share price on a near-term basis.” But it is not the end of the game for Rosneft as the company is also getting closer to buy out the Russian billionaires of the other half of TNK-BP. Certainly this move is backed up by the president Vladimir Putin. Rosneft is to acquire the second half of TNK-BP from the AAR consortium. According

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to Rosneft statement released on the 22nd of October, the company is to acquire the remaining 50 percent shares from the AAR consortium for approximately $28 billion in cash. Two deals are, however, independent from each other. If deals are finalized, Rosneft will enter the premier league of international big oil companies. The company will produce approximately 4.6 million barrels of oil equivalent per day, exceeding the production of PetroChina Co. Ltd. and ExxonMobil Mobil Corp. Rosneft will also top the oil production of every single Middle East country apart from Saudi Arabia. Moreover, Rosneft will control as much as 40 percent of Russia’s crude output. The acquisition of TNK-BP will be the largest global merger and acquisition in two years. It is hard to imagine that the acquisition of TNK-BP will not get the approval as it is subject to regulatory process. President Vladimir Putin, who had been looking for a way to reassert government control over oil and gas industry in Russia, noted that

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the buyout was crucial for the country’s economy.

The Richest Man in Russia Victor Vekselberg is the richest man in Russia due to the initial agreement between Rosneft and the AAR consortium on the acquisition of the half of TNK-BP. The sale of the half of TNK-BP will add approximately $1.5 billion to the Victor Vekselberg’s fortune, which will be worth roughly $18 billion. As it was stated by spokesman for Victor Vekselberg, now the richest man in Russia, “This is a super deal which is the logical outcome of TNK’s 15-year history.” Victor Vekselberg, the founder of Renova Group, is roughly $700 million richer than Alisher Usmanov, who had been the richest person in Russia since March 5, 2012. Alisher Usmanov has lost recently over $1 billion in the past as demand for MegaFon OAO is decreasing. The new richest man in Russia is said to invest on technology investments.

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Singapore

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BETTER BUSINESS DESTINATION

ingapore

-Jason Miller

nd Paradise You In “Singapore is going to be the financial center of Southeast Asia, probably Asia, and likely one of the top financial centers of the world.” -Jim Rogers Industry Leaders Magazine

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Singapore, a land area of approximately 710 square kilometers, is one of the easiest places to do business in the world. So there is no surprise that Singapore has been ranked as one of the best places to do business in many rankings. Certainly the small area of the country does not have a negative impact on its economic status whatsoever. Moreover Singapore it is Asia’s startup hub. The Lion City, the name which is often used to describe Singapore, is an exceptionally beautiful country. Undoubtedly this islandcountry is one of the most beautiful places in Asia, but these days it is more known for its meaning and place in the world of

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business. Singapore is, indeed, the place to live, work and do business.

Business Paradise Island It is not surprising that Singapore is considered one of the most dynamic cities in the world to live, work and do business. This microscopic country-island offers one of the most conductive environments globally for knowledge-driven industries. In the last four decades, Singapore has transformed from a centre of entrepôt trade to one of the leading financial centers and the most open economies for both trade and investments. Without a doubt

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BETTER BUSINESS DESTINATION edge-based industries. The government of Singapore has been increasing gross expenditure on R+D, not to mention that it has

Singapore, undoubtedly, is and will remain one of Asia’s brightest economic stars. implemented policies regarding protecting intellectual properties. These make the business paradise island a suitable place for business focusing on innovation and ideas. All of these, surely, make Singapore the better business destination. Do not forget that the Singapore has as many as 50 comprehensive double taxation avoidance agreements. The business paradise island is a member of the World Trade Organization because of that businesses located here enjoy numerous free trade agreements and investment guarantee agreements with many countries located in Asia and worldwide as well.

Leading Financial Center the guaranteed access to a competent and impartial judicial system as well as clarity and consistency of Singapore’s government guidelines make the country a better business destination. We should not forget also that the good corporate governance and the enforcement of a strong anticorruption policy are also features which make Singapore an attractive place to do business. The Singapore’s government’s pro business approach is accompanied by good infrastructure as well as highly skilled and cosmopolitan workforce. The business paradise island, Singapore, does whatever it takes to stay competitive by steering its economy toward knowl-

Singapore without a doubt is one of the leading financial centers. It provides international banking, trade finance, insurance, treasure operations, etc. within the Asian region. Companies wanting to operate here can take advantage of capital markets based in Singapore to access the hosts of local and international institutions located on the business paradise island. Certainly while the world economy is in not a good condition, Asian economies demonstrated the resilience through the economic financial crisis and even the recent economic slowdown in China cannot belie that fact. And Singapore, undoubtedly, is and will remain one of Asia’s brightest economic stars.

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The business paradise island, Singapore, is the popular choice of American, European and Japanese companies looking for a headquarter location in Asia. Singapore is a home to approximately 26,000 international companies.

Why choose Singapore? And if all of aforementioned pieces of information on Singapore have not convinced you yet, maybe the following facts regarding setting up business there will. It is not a big revelation that Singapore has been considered one of the best and easiest places to do business as it is globally connected and multicultural island-country. And what is more, Singapore has stable political environment, world-class infrastructure, capital markets, not to mention an attractive tax regime. According to Year of Assessment 2012,

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corporate tax for taxable profits up to S$300,000 is as much as 6 percent. As for taxable profits exceeding S$300,000, tax rate is 17 percent. In addition, capital gains in Singapore are not taxable. Therefore Singapore is said to have the most efficient corporate as well as personal tax regimes in the world. Moreover, the business paradise island has no restrictions on foreign ownership of business. What is more, the repatriations of profits as well as the import of capital are freely allowed in Singapore. Hence Singapore remains one of the best choices for entrepreneurs and companies. Network of international agreements, which Singapore is a signer, including Free Trade Agreements, Avoidance of Double Taxation Agreements and Investment Guarantee Agreements, provides the flow of goods and services to markets all over the world. One of the most important factors that

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BETTER BUSINESS DESTINATION

makes Singapore a better business destination is the ease of communication as English is the official language of the country. So you can easily communicate with people. Therefore it is not difficult to establish new contacts or to communicate with public institutions. All these confirm the fact that Singapore is willing to accept the process of globalization as it corresponds foreign cultural and economic infusion. The business paradise

island had demonstrated its favorable reception of different cultures. The openness to different cultures impacts positively the business culture in general. This rule, certainly, applies to Singapore’s case as behind every successful business is a supportive environment which makes success come true. Singapore is known for its business-conductive environment which provides a pro-business ecosystem, world class services, not to mention the govern-

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ment focusing on the business-friendly policies. The open immigration policy of Singapore is also encouraging as it allows entrepreneurs to easily relocate to Singapore and set up their businesses. The safety and low crime rate attract more foreign professionals to the business paradise island. The wellknown political stability gives Singapore the title of “The Switzerland of Asia� and lures businesses to put down roots there.

Singapore - the place to do business Singapore, the Lion City, is a better business destination thanks to many advantag-

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es such as geographical location and developed infrastructure which have contributed significantly to the importance of Singapore on the map of the better business destinations. It is not surprising that Singapore has topped different rankings on businessrelated issues. Singapore has been luring companies as business here runs easily and effectively. Dreams come true in Singapore as it takes relatively lesser time as well as capital to set up business there. Duvvuri Subbarao, governor of Reserve Bank of India, noted: “There is a need to make doing business easy by adopting models like the one in Singapore, where multiple agencies/ministries sit together to

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strong industries and service sector, not to mention that it is the fourth financial center in the world.

Singapore or Hong Kong? Singapore and Hong Kong have been competing with each other for a long time. The beginning of the rivalry can be traced back to the days of their entrepot status. Both Singapore and Hong Kong had been under the British rule in the past and both of them earned the title of the trading centers as well.

It is the tight regulation and corporate governance contributing to their status as financial centers.

quickly give a decision clearing investment projects.� Free market policies, which were implemented by the government of Singapore, welcome business and provide a space for business to grow. Because of the Singapore’s approach to business in general the business paradise island is chosen as a place to do business by an increasing number of companies from all over the world. Even though Singapore’s approach seems to be the antithesis of laissez-faire, the business island paradise has done everything to induce international companies to come. Licenses can be obtained both quickly and efficiently at the same time. But Singapore is not only about doing business. You can find there great nightlife, gambling, etc. Yet you should never forget that the business paradise island is a home to a

Noticeably Singapore and Hong Kong have been competing for the title of the largest international financial center in the region. However changing fortunes and developments in the East Asia and South East Asia make it difficult to unequivocally indicate the leader of the race. Yet both Singapore and Hong Kong have emerged as attractive better business destinations in this new age. Behind the success of Singapore and Hong Kong are, however, two different philosophies. The business paradise island developed as an international financial center largely through active government policies. Unlike Singapore, Hong Kong is the supporter of the policy of non-intervention and laissez-faire. The governments of these two markets have different approaches, but there is one common policy shared by both, namely, it is the tight regulation and corporate governance contributing to their status as financial centers.

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Diamonds Are Forever... -Jennifer Morgan

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There are three things extremely hard: steel, a diamond, and to known one’s self.

- Benjamin Franklin

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Diamond - A Symbol of Luxury Once upon a time, over the hills and far away, humankind found a diamond. Since then people have tried to illustrate the beauty of a diamond. Yet diamonds are indescribable as it is impossible to capture all the luster of a diamond in just a few words. There is a Chinese proverb saying: “Better a diamond with a flaw than a pebble without one.” Both Eastern and Western civilizations appreciate diamonds and their beauty as a diamond has this magical power inside of itself. And even diamonds with slight flaws can sell for huge amount of money. Flawless diamonds are rare to find, but if they are, prices are unimaginable for commoners. People with common sense could ask: “Why does someone want to buy a diamond for millions of dollar? Does it have any sense?” When it comes to diamonds common sense does not apply due to this magical power inside of them. The word diamond has its origins in the Greek word “adamao” meaning to “overcome” and the word “adamas” which was

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used to describe the hardest substance known to man. But throughout the ages a diamond has been a symbol of luxury as much as the strength and perseverance. But a diamond also is a symbol of beauty.

A diamond has been associated with the institution of marriage in the form of the engagement ring. In Western civilization, a diamond has been associated with the institution of marriage in the form of the engagement ring, nevertheless that just few people were able to buy it even in the twentieth century. Even today not everyone has enough money to buy one. In the Middle Ages in Europe diamonds appeared in ornamentation jewelry and they began to be considered a symbol of wealth and power. King Louis IX of France tried to limit the access to diamonds to the king. However by the fourteenth century an industry in Venice started using diamonds

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and the gemstone became more available luxury item. Moreover, a diamond is also associated with the Planet Venus, which represents love, marriage, beauty and comforts. Thus it is not surprising that gemstones have been used especially in engagement rings. Yet it was the discovery of large diamond

deposits in South Africa in the 1870’s that changed the role of gemstones, making them more accessible. A diamond, however, have kept its meaning of a symbol of luxury. And remember one thing, a diamond is the girl’s best friend. Elizabeth Taylor once said: “Big girls need big diamonds, “ and this is true.

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Diamonds investor’s best friend The ongoing market turmoil forced investors to look for new ways of investing their money. Because of the fact that the price of gold has been increasing, more and more investors have been looking at diamonds as a possible alternative. Saul Singer, a partner at the alternative assets investment firm Fusion Alternatives, noted: “Many might remember 2010 as the year global commodity prices continued to surge.

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The Dow Jones-UBS Commodity Index ended the year up 36 percent. Strong gains were experienced across all major commodity markets with the industrial metals market leading the charge. Investment diamonds gained 20 percent in 2010, however on a risk-adjusted basis, Investment diamonds outperformed even the surging commodities market.� However diamonds are higher risk than gold as each diamond is unique and has its own facets compared with gold. In case of gold only weight matters, nothing more. As for diamonds, every single feature of it

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Diamonds recently gained a new significance and they are not considered unpractical item any more. So maybe Jeanette Walls was wrong writing that: “Unlike diamonds, watches were practical. They were for people on the run, people with appointments to keep and schedules to meet.” Diamonds recently gained a new significance and they are not considered unpractical item any more.

“The Graff Pink” The Most Expensive Diamond Ever In November 2010, a 24.78 carat rare pink diamond was bought for approximately $45.6 million. The diamond was named “The Graff Pink” by his new owner Laurence Graff and is said to be the most expensive diamond all over the world. The price of the most expensive diamond, “The Pink Graff”, doubled the $24.3 million achieved by the blue 35.56-carat Wittelsbach-Graff diamond in 2008. matters. Henri Barguirdjian, chief executive officer at Graff Holdings, admitted that an interest in diamonds as an investment was a relatively new trend. He noted that diamonds were used to be considered something very beautiful and good to possess, however wealthy people used to neglect the financial aspect of diamond itself. Therefore diamonds are not only considered a symbol of luxury, but also a great way of investing money.

For almost 60 years the most expensive diamond had been kept in a private collection. Laurence Graff, who is Laurence Graff, after purchasing it said: “It is the most fabulous diamond I’ve seen in the history of my career and I’m delighted to have bought it.” The astonishing price of the most expensive diamond is the result of the combination of its exceptional color and purity, according to David Bennett, chairman of Sotheby’s European and the Middle Eastern jewelry departments. “The Graff Pink”, the most expensive diamond in the world, is accompanied by

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shield-shaped with diamonds on either side. As it was stated by the Gemological Institute of America, the color classification of “fancy intense pink” was said to be the purest of pinks.

become the world’s leading dealer in diamonds and gems. These days Laurence Graff owns two of the greatest stones in the world, “The Graff Pink” and “The Wittelsbach Graff Diamond.”

“The Graff Pink” was assessed with an extremely rare classification, type IIa, by the institute. According to data, roughly 2 percent of the world’s gems possess this classification.

Pink Diamonds

Laurence Graff, the buyer of the most expensive diamond, opened its first retailer jeweler in 1962. Since then he has

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Certainly pink diamonds are among less than two percent of the word’s diamonds which are categorized as “potentially flawless.” Pink diamonds are extremely rare to find so it is not surprising that “The Graff Pink” is the most expensive diamond in

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Koh-I-Noor: British QueenMother’s crown of platinum and gems

in several countries, finding them is extremely difficult. Because of that, pink diamonds are not only limited but costly, just to mention “The Graff Pink” the most expensive diamond in the world. South Africa, Australia, Brazil and India are these countries, in which pink diamonds are mined. However the Argyle Diamond Mine, which is located in the far north of Western Australia, is said to mine the world’s intense pink diamonds. the world. A perfect pink color is said to have been caused by a diamond absorbing light in an unusual way while it was being formed. Pink diamonds, unquestionably, have been one of the world’s best-kept secrets. Most people will never see a pink diamond in their life as they are so rare. Interestingly, pink diamonds come in a broad range of intensities, starting with a very intense purplish pink and ending with a blush pink champagne color. Even though pink diamonds can be mined

So if you are ready to pay quite a penny think about buying a diamond, even a pink one. But remember that two diamonds might at first glance look the same, yet there are completely different due to a color, clarity and even shape. Maybe you will not be an owner of the most expensive diamond in the world, but you will be a lucky owner of an unique diamond with character and personality. Anita Loss was right when she wrote: “Kissing your hand may make you feel very good, but a diamond lasts forever.”

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NEA

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PCO

Exceeding Exceptions - Richard Meryn

Neapco offers distinct advantages to automotive, commercial truck, off-highway, agricultural, construction and industrial customers. Industry Leaders Magazine

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Neapco offers distinct advantages to automotive, commercial truck, offhighway, agricultural, construction and industrial customers with our driveline system and component manufacturing capability, including Innovative, engineered solutions, a wide range of testing capabilities, accurate manufacturing and machining methods with close attention to detail, global sourcing to ensure competitive pricing, worldwide sales support and more.

ity. Today, Neapco is on the cutting edge of driveline technology, expanding globally to more conveniently serve our customers.

Continually expanding product lines, markets and capabilities.

As a global supplier, Neapco operates its locations in a safe, responsible manner that respects the environment and the interests of their employees. They particularly pride themselves on the quality of thier people, their greatest resource, who continually strive to fulfill their mission of providing driveline products, components, and service that consistently exceed their customers’ expectations while creating value and achieving positive returns for their investors. Their innovative designs and products provide unique and cost competitive solutions to complex driveline issues. As a global supplier, Neapco operates its locations in a safe, responsible manner that respects the environment and the interests of their employees. Through decades of evolving and changing markets, NEAPCO has established a long tradition of servicing Tier One driveline customers with ingenuity and flexibil-

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In the 1930s, the company became a key supplier of universal joints and shafts to the farm implement market. During World War II Neapco redirected its resources to supply the U.S. Navy with projectiles and pin & block universal joints — becoming one of the first companies to receive the Navy “E” award for excellence.

Today Neapco is one of the most dynamic suppliers to OEM manufacturers and the worldwide automotive industry. Over the next two decades industrial joints and shafts and heavy-duty driveline components for over-the-highway trucks were added to the product line. Opened in 1981, Neapco’s Beatrice, Nebraska, facility has undergone four major expansions to accommodate manufacturing for CV joints and drivelines, universal joints and a complete line of driveline components.

Competing in the global market Today Neapco is one of the most dynamic suppliers to OEM manufacturers and the worldwide automotive industry. In 2006, Neapco opened a manufacturing facility in Saltillo, Mexico to provide a local supply source for Chrysler. In January 2008, Neapco acquired Ford Motor Company’s driveshaft manufacturing business in North America. Neapco Drivelines, as it is now known, operates a 350,000 square foot stateof-the-art manufacturing and technical center in suburban Detroit for the design and production of OEM propshafts/ driveshafts. In July 2010, Neapco acquired all Tedrive operations in Poland and Germany to manufacture sideshafts/ halfshafts, differentials, suspension springs and aluminum die castings. And in 2011, Neapco opened a business office in Shanghai, China, to bet-

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ter serve customers and work with suppliers throughout Asia.

Positioned for future growth Neapco is poised to meet your driveline requirements now and in the future. The company continues to be led by its experienced group of managing partners and is strengthened by considerable financial resources, substantial industry knowledge and a sterling reputation.

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Neapco has the capabilities and expertise to respond quickly to the changing marketplace while exceeding customer expectations for innovative driveline solutions.

Leading-edge Technology Neapco’s comprehensive technological capabilities in engineering, manufacturing, quality assurance and logistics are coordinated across multiple worldwide

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Advanced prototyping capabilities and modeling software Neapco advanced prototyping capabilities, fatigue and strength analyses and driving dynamics testing optimize development time and improve results. These capabilities include multipoint data collection for concept validation, state-of-the-art simulation technologies for all components, and quick design modifications, when needed. Neapco’s engineers use the latest software technologies to model, validate and fine-tune designs early in the cycle, when changes are easier and less costly to make. Pro-Engineer is the primary design software, and Pro-Mechanica Finite Element Analysis Software and other packages are used to anticipate problems instead of waiting to discover them at application. Rapid prototyping of a form-fitand-function product sample can also be done when metal prototyping would be too time-consuming or expensive.

locations to provide innovative driveline solutions. Continually addressing new challenges and opportunities in the driveline industry, Neapco excels at engineering costeffective products to meet customer requirements. Neapco has earned industry-wide recognition for a culture of innovation, structured process improvement, advanced production technologies and the highest quality standards.

Neapco’s quality processes allow them to maintain a superior competitive position while containing and managing costs.

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Advanced Manufacturing capabilities Neapco operates modern manufacturing locations throughout North America and Europe. At all locations, products are manufactured using the most advanced computer-controlled machinery and globally sourced materials to provide superior products at competitive prices. Neapco production plants use lean manufacturing, synchronous material flow, and demand-oriented manufacturing principles to optimize customer value.

Continuous Quality Improvement Neapco prioritizes continuous quality improvement, defect prevention and the reduction of supply chain waste. This broad approach is a fundamental component of their management system, which coordinates quality, environmental protection and health and occupational safety. Internal and external auditing and rigorous tracking metrics are among the many steps we take in an integrated drive toward continuous improvement.

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Quality and delivery reliability are the fundamental principles governing the Neapco supply chain. To meet growing customer needs, we have to make accordingly high demands of our suppliers. Neapco’s quality processes allow them to maintain a superior competitive position while containing and managing costs. Product design, process development and supplier selection are each evaluated on criteria of reliability, cost, timing and throughput for each stage. The end result is products and services

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transit time to 72 hours or less.

To meet growing customer needs, we have to make accordingly high demands of our suppliers. However, we’re also focused on long-term collaborative relationships at competitive conditions. CEO, Neapco Holdings of higher overall value and lower overall cost than our competition.

Fast Efficient Logistics Quality and delivery reliability are the fundamental principles governing the Neapco supply chain. To meet growing customer needs, we have to make accordingly high demands of our suppliers. However, we’re also focused on long-term collaborative relationships at competitive conditions. Our goal is simple: successful partnerships to enable superior customer service. Neapco leverages a network of global distribution centers to ensure fast order delivery. Neapco warehouses are organized, efficient, and use the latest in order fulfillment technology. Our goal is to meet scheduled deliveries to OEM customers without exception and to process distributor orders within 24 hours with a unit fill rate greater than 95%, limiting

Bob Hawkey is the President and Chief Executive Officer of Neapco Holdings, a global leader through its operating subsidiaries in driveline systems and components. He is charged with guiding a dedicated and talented executive staff, supported by experienced management teams and a committed workforce for this tier one parts supplier to major automakers in North America, Europe and Asia. Bob assumed his position when brought in by the Carlyle Group at the time of their acquisition of Neapco and five sister companies to form United Components, Inc. in 2003. Bob has almost 40 years of general management experience in leading the design, manufacture, sales and marketing of highly engineered products for the transportation, capital equipment, aerospace and defense industries.

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SAUDI ARAMCO

Powering Poss

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sibilities - Jason Miller

The story of Saudi Aramco tells of the discovery and development of the greatest energy reserves the world has ever known and the rapid transformation of Saudi Arabia from desert kingdom to modern nation-state. Industry Leaders Magazine

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From their beginnings, they have grown from an oil-producing company to a fully integrated, global energy enterprise with partnerships in North America, Europe and Asia. Over the course of their history, we have built an unmatched record of reliability, and we remain committed to providing energy to the world and to maximizing the value of the country’s petroleum reserves for the benefit of the Kingdom’s citizens. The Saudi Arabian Oil Company (Saudi Aramco) is the state-owned oil company of the Kingdom of Saudi Arabia. We rank first among oil companies world-

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wide in terms of crude oil production and exports, and natural gas liquids (NGL) exports, and are among the leading producers of natural gas. We are also among the world’s leading refiners and are moving further downstream into chemicals production.

Largest Crude Production Saudi Aramco’s daily crude production in 2011 was 9.1 million barrels per day (bpd). We also have stewardship over the world’s fourth-largest natural gas reserves of 282.6 trillion standard cubic feet (scf).

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are located in Saudi Arabia, China, Japan, India, the Netherlands, the Republic of Korea, Singapore, the United Arab Emirates, the United Kingdom and the United States. Our operations span the Kingdom, including its territorial waters in the Arabian Gulf and the Red Sea, with production and distribution linking all market areas around the world.

Continually evolving From their founding in 1933 until the late 1980s, they focused on crude oil exploration and production. Since then they’ve undergone a transformation which continues to this day.

Saudi Aramco’s downstream accomplishments include our rank as the 8th largest refiner in the world, with a worldwide refining capacity of 4.02 million barrels per day (including domestic refineries, and domestic and international joint and equity ventures). They are also the world’s top exporter of natural gas liquids (NGL). Headquartered in Dhahran, Saudi Arabia, Saudi Aramco and its subsidiaries have offices throughout the Kingdom. We also have offices in North America, Europe and Asia. Our subsidiaries and affiliates

They also support economic development by promoting entrepreneurship and innovation, developing local content and helping to build a competitive workforce in the Kingdom. They’ve formed international joint and equity refining and petrochemicals ventures at home and abroad, created, through their subsidiary, Vela International Marine Limited, one of the world’s largest fleet of supertankers, conceived and executed some of the industry’s largest mega-projects and applied or invented some of its most important, groundbreaking subsurface technology. And they continue to look

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for opportunities to do even more.

Prime driver of Saudi Economy Saudi Aramco is a prime driver of the Saudi economy – the overall petroleum sector accounts for roughly 86 percent of government revenue. They also support economic development by promoting entrepreneurship and innovation, developing local content and helping to build a competitive workforce in the Kingdom. In recent decades, the Saudi economy has enjoyed a period of prosperity and stability. However, there are economic challenges in the Kingdom that must be addressed. As a global energy supplier, Saudi Aramco’s business has a significant macroeconomic impact, which affects the growth and direction of the Kingdom’s economy. To address these challenges, the Kingdom’s chief priorities are to stimulate economic growth and diversification by promoting local production of goods and services, supporting local manufacturers to create jobs for Saudi nationals and ensuring the Kingdom’s young people are equipped with skills

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that will allow them to participate in the growth of the economy. In 2011, 274 entrepreneurs trained through Wa’ed, their entrepreneur development initiative. A total of 709 Saudi nationals were hired and some 90 percent of material procurement needs and 75 percent of service procurement needs met by local suppliers. To put their commitment in context, around $23.1 billion in material and service procurement spending was awarded to local businesses. In 2011, Saudi Aramco’s corporate patent portfolio grew by 24 percent. Contributing to this achievement were the filing of 208 patent applications at international patent offices and 31 patents granted by the U.S. Patent and Trademark Office. We aim to continue our upward trajectory of innovating for the future, focusing even more intently on the value, not quantity, of the inventions being patented.

Building standing

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cultural

under-


Promoting cultural knowledge is also essential to their national economic and social development. They believe that the programs offered by the King Abdulaziz Center for World Culture can help Saudis not only connect with their own culture but also be a catalyst for innovation. The Center will offer visitors a dynamic, state-of-the-art environment, including a world-class museum and public library. They hope people will use the Center as a place where they can explore their passion for learning, creativity and cross-cultural engagement. The Center’s staff increased significantly in 2011 to an 85-strong team, and there are plans to expand more. In 2011, the Center successfully launched six major pilot programs; registered 400 volunteers; developed 300 student projects; held more than 100 workshops; trained and certified more than 50 Saudi teachers; mentored 50 youth leaders; and delivered 50 hours of performing arts.

Knowledge as the driver They see themselves as being in the midst of a Knowledge Era, a time that will be defined by the insights and innovations that their employees and leaders inspire. They encourage their company’s continued evolution as an innovator, and they support the Kingdom’s knowledge hub by empowering individuals through world-class educational opportunities. Cultivating a knowledge economy is important both in terms of our commercial competitiveness as well as the broader educational attainment and development of citizens throughout the Kingdom. Education and skills empower their company to expand and diversify, just as they empower society to progress. The ongoing educational opportunities they offer their employees and citizens across the Kingdom are meant to lay the foundation for continued success.

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These stretch from short-term continued learning programs to financial support of higher education institutions and cultural facilities.

Leading through innovation Our company is filled with pioneers, leaders and creative thinkers. Because of them, we’re continually discovering new and better ways of supplying energy to the world. We innovate in every area of our business. No matter how successful we may be, we never

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stop exploring how to improve our performance. We believe this keeps us one step ahead in the energy business and ensures a brighter future for our company and those who rely on our products. No matter how successful we may be, we never stop exploring how to improve our performance. We believe this keeps us one step ahead in the energy business and ensures a brighter future for our company and those who rely on our products.

Sustainability

Industry Leaders Magazine


Saudi Aramco also took the lead in developing advanced treatment technology for oily wastewater. This technology was piloted in their Ras Tanura Refinery where it proved to be a cost-effective way to treat oily wastewater effluents. They licensed the membrane bioreactor technology to Siemens to be commercialized under the trademark name EcoRight. To increase the practice of recycling in the wider community, we hold recycling awareness sessions in the Eastern Province targeting employees, their families,

local schools, communities and government facilities. In 2011, more than 14,000 people attended their recycling campaigns. They have also established a water conservation policy and formulated a comprehensive strategy with a goal of promoting water conservation to conserve the Kingdom’s groundwater resources. Their goal is to reduce fresh water consumption by 70 percent over the coming 10 years through leveraging technologies and best industry practices.

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Laing O

An Engineer

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O’Rourke

ring Enterprise - Jason Miller

Laing O’Rourke is the largest privately owned construction solutions provider in the UK. Formed over 30 years ago, the Group’s international operations posted managed revenue of £4bn in 2011. Industry Leaders Magazine

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The business is made up of a range of engineering, construction, manufacturing and specialist services companies, which combine to provide prestigious clients with a comprehensive investment, development and management capability. Working across Europe, Canada, the

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Middle East, South East Asia and Australasia, our operations span a range of sectors, including: lifestyle; business; social infrastructure; transport; power; mining and natural resources; oil and gas and utilities and waste. The breadth of our expertise and geographical reach means we are engaged

Industry Leaders Magazine


on the full spectrum of projects - from remote desert railways to urban regeneration and transport infrastructure schemes.

The projects We design, engineer, construct, manage and invest in major building and

infrastructure capital assets across a range of sectors. Supported by a family of specialist in-house businesses, we provide capabilities in all aspects of project management and delivery, through to operations, maintenance and decommissioning. Laing O’Rourke builds airport terminals, data and research centres, hotels, housing, industrial and commercial buildings, mining facilities, ports, power stations, railways, retail, roads, schools, hospitals, sport and leisure complexes, water and waste treatment plants and more. Their collaborative approach combines discipline in delivery with the continuous pursuit of innovation: working with clients from concept to completion, advising on and providing the best ways to successfully complete projects and achieve the greatest benefit for all our stakeholders – employees, clients, communities and shareholders.

Investment ment

and

develop-

Laing O’Rourke’s investment and development specialists understand the financial risk that major capital investments in buildings and infrastructure carry. With their expertise in analyzing public and private sector stakeholder requirements, they assure major asset investment maximizes client and enduser value. Services include pre-construction services consultancy, investment management and development management.

Programme management They are uniquely qualified to meet the challenges of programme management. With their multi-disciplinary

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capabilities, partnership approach and proven project control processes, they offer assurance to clients seeking an allinclusive service. As part of the CLM consortium they are currently leading one of the most complex and high-profile programme management projects in the world; the construction of the 2012 Olympic and Paralympic Park. Using mature systems and resources, their professional programme management teams operate within a tightly controlled risk-management and quality-assurance framework.

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Their project delivery effectiveness model ensures rapid mobilization, strong interface management, timely planning and consents approval, and world-class procurement and construction delivery.

Design and engineering They have a proud reputation in design and engineering excellence. By connecting their expertise in the two disciplines they develop innovative solutions to complex construction challenges. This is borne out in the projects they deliver -

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As an engineering enterprise, construction delivery excellence sits at the heart of business. Employing modern offsite manufacturing capabilities they deliver tailored solutions that exceed the quality and safety standards of traditionally constructed projects. Working in seamless collaboration across the supply chain, their construction and specialist businesses provide full project delivery services - from enabling works to final fit-out and operational management. Their manufacturing businesses in Europe, the Middle East and Australia produce a range of products, including precast concrete components, stonemasonry, decorative joinery, specialist railway sleepers and preassembled bathroom units.

Infrastructure and Buildings Management

which are designed to provide superior value to clients and end-users, and engineered to perform safely and sustainably. Their ‘Design for Manufacture and Assembly’ approach is an excellent example of how they are combining their expertise to produce better buildings, quicker and safer. Likewise our pioneering work in Building Information Modelling brings greater synergy between the design and construction phases, and delivers ongoing operational efficiencies.

Manufacturing & Construction

One of the most effective ways to protect the value of a building is through well-planned operations and maintenance systems, and premium refurbishment services. Laing O’Rourke works with their clients to develop safe, durable and energyefficient buildings and infrastructure assets that maintain quality and usability throughout their lifecycles. Using intelligent building management control systems they can maximize building performance, reduce the costs of operation and ensure sustainable, fit-for-purpose structures.

Support Services Laing O’Rourke’s construction and development businesses are backed by a range of in-house support services, dedicated to providing the tools and

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technology to help deliver engineering excellence. We bring together the skills and expertise to manage projects at every stage of delivery - from site preparation to operational maintenance. For example, our Select plant hire business offers a diverse range of equipment and machinery providing clients with a unique ‘one-stop shop’ in Europe, the Middle East and Australia. Select’s modern fleet is maintained to the highest standards of safety and quality, backed by professional servicing and expert advice.

Leadership Ray O’Rourke KBE is Major equity shareholder and founder of the Laing O’Rourke Group. As chairman of the executive board, he leads the strategic direction and operational management of the

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Group. His early career included roles at Kier plc and J Murphy & Sons. In 1977 he founded R O’Rourke & Son, which commenced trading the following year. Through organic growth and acquisition the company became a major force in UK construction, specialising in civil engineering on sub- and superstructure contracting. The business acquired the construction arm of John Laing plc in 2001, creating today’s extended international construction solutions group. He is the recipient of honorary doctorates from a number of universities in the UK and Ireland.

Environment Recognising the impact of construction on the environment, Laing O’Rourke is tackling issues such as energy use and carbon emissions head on. They have set stretching performance targets and are working with government regula-

Industry Leaders Magazine


tors, their supply chain, business partners and academic bodies to create innovative environmental solutions.

they are driving out waste. By standardizing production, they reduce error and cut construction times.

The overall approach is guided by their Environmental Management System. This mandates sustainable processes, ensures their people are able to manage risk and identify opportunity, and promotes the communication of best practice. Drawing on a considerable purchasing power, they have developed a ‘responsible sourcing’ policy. This requires them to select suppliers with environmental accreditation and opt for low-impact materials wherever possible. They are also working with designers to improve the lifecycle environmental performance of our buildings through better planning, smarter procurement and aftercare, and the use of sustainable materials. Using Design for Manufacture and Assembly approach

Laing O’Rourke was one of the first organisations to sign up to the UK government-backed initiative by ‘Waste and Resources Action Programme’ committing to halve waste to landfill by 2012. They are taking steps to reduce greenhouse gas emissions by reducing demand for fuel and energy, and are working with the Carbon Trust to measure the carbon footprint of their construction projects. We are committed to protecting and enhancing biodiversity, ensuring that wildlife and ecosystems are considered when planning their activities.

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ENERGY

Wind Tec

Date: 01 - 04 December, 2012

Renewable Energy: The Wind Tec exhibition will be organized in Middle East and North Africa. This is one of the most eminent events of the region regarding wind power or wind energy which will be held for four days. This venue will provide wide networking and allow exchanging information and ideas about new energies and power opportunities. Venue: Cairo, Egypt Global Future Energy Event

Date: 03 - 04 December, 2012

Renewable Energy: Global Future Energy Event is aimed at meeting the increasing demands of energy by introducing alternative forms of energy sources. However this event will also emphasize on the energy management and energy saving processes and products. Venue: Riyadh, Saudi Arabia Detaf

Date: 04 - 06 December, 2012

Renewable Energy: Detaf aims to bring the energy renewable engineering department and agro fuel refining industries to develop and grow to newer heights of success. There will be renowned organizations present in this show who will be exhibiting the respective range which will lower the wastage of natural and non renewable resources. Venue: Venray, The Netherlands Wind Power Korea

Date: 05 - 07 December, 2012

Renewable Energy: Wind Power Korea will be held for three consecutive days in Changwon, Korea. The main purpose of this international trade show is to make the wind power system and component manufacturers aware of the latest and advanced developments which are taking place in this sector. Venue: Changwon, Korea North America Industrial Gas Conference Date: 10 - 12 December, 2012 Renewable Energy: gasworld is delighted to announce that it is finally crossing the Atlantic to North America to host its celebratory 10th industrial gas conference in Miami, Florida. The event will entice international and regional players to what is the first North American gathering since 1998. Venue: Miami, United States Of America NewGen Date:12 - 13 December, 2012 Renewable Energy: NewGen will be held for a period of two days in Moscow, Russia. The primary objective of this international trade is to make the renewable energy industry aware of the latest and advanced techniques which help in the advancement of this industry. Venue: Moscow, Russia

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MANUFACTURING

Semicon Japan

Date: 05 - 07 December, 2012

Electronics & Electrical: Semicon Japan is the biggest international exhibition of SEMICONDUCTOR Equipment & Materials. Semicon Japan offers you an ideal opportunity to get in touch with leading edge products and technology. Profile of exhibit include Cables and busbars, Communication engineering, Computer and communication technology, Data communications, Electrical components and accessories, Electronic engineering, Hi-tech products and new techniques, Industrial equipment and accessories, Installation and control equipment, Lighting and lamps, Programmable logic controls, Storage/enclosures etc. Venue: Chiba, Japan India AIDC Show

Date: 07 - 10 December, 2012

Electronics & Electrical: AIDC Expo is the only international trade show and knowledge forum in India to showcase the convergence of various AIDC technologies in Supply Chain. A unique platform for the AIDC industry & the labels & labeling industry which includes Barcode Technology, Electronic Articles Surveillance, Radio Frequency Identification, Card Technologies, Mobile Computing, Biometrics, Security Solutions, Real Time Locating Systems, Wireless & Networking Solutions, Other Technologies Including Contact Memory, Voice Recognition, Magnetic Ink Character Recognition, Optical Character & Optical Mark Recognition, Machine Vision. Venue: Greater Noida, India Intersolar China

Date: 12 - 14 December, 2012

Electronics & Electrical: From December 12-14, 2012, Beijing takes the center of the international solar industry when Intersolar China again open its doors. A diverse group of key manufacturers, suppliers, distributors, and service companies from all over the world will present their last market trends and technical innovations. Venue: Beijing, China LED & Lighting Expo Gurgaon

Date:14 - 16 December, 2012

Electronics & Electrical: LED and Lighting Expo Gurgaon is a three day event organized by the Paramount Exhibitors in Gurgaon in India. The event will help the LED and Lighting industry to flourish and expand their business. It is an effort towards improving the different techniques and technologies associated with the industry. Venue: Gurgaon, India Electrical Appliances & Domestic Electronic Products Expo Date: 23 - 26 Dec. 2012 Electronics & Electrical: Organized by Hong Kong Convention & Exhibition Centre (HKCEC), Hong Kong, China, Electrical Appliances & Domestic Electronic Products Expo is known as One of the largest exhibition of China which is covering Electronics & Domestic Electronic Products... Venue: Hong Kong, China (Hong Kong S.A.R.)

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CONSTRUCTION

Hargould EcoShowcase-Bristol

Date: 06 - 06 December, 2012

Hargould EcoShowcase-Bristol provided construction professionals and product manufacturers with a unique opportunity to meet and discuss the latest product innovations and key industry issues, The ecoShowcase feature will provide a forum for the most important issue in building and construction industry. Venue: Bristol, United Kingdom Saudi Infrastructure Forum & Exhibition

09 - 12 December, 2012

Saudi Infrastructure is country’s premiere International event for city planning and infrastructure. This is one of the biggest exhibition for infrastructure industry in Saudi Arabia. The event will be taking place between 09 to 12 Dec 2012 at the Jeddah Centre for Forums & Events and which is being organized by Al Harithy Company for Exhibitions Limited. Venue: Jeddah, Saudi Arabia Taipei International Building, Construction and Decoration Exhibition Date: 13 - 16 December, 2012 Taipei International Building, Construction & Decoration Exhibition is the meeting point of Domestic and International Business community to explore the business potential in Bangladesh. The tradeshow will have on display of latest Technological Advancements of Equipments, Materials, Services and Techniques in the related fields, providing opportunities to interact with all the stake holders in the building and construction industry for joint ventures, transfer of technologies and appointing Agents, Distributors, Partners. Venue: Taipei, Taiwan Basrah International Building Expo

Date: 16 - 19 December, 2012

Basrah International Building Expo is an open forum where the opportunities presented by the Basrah region will be showcased in front of an international audience. Through its focused efforts, this event will open avenues for international investors to invest in the infrastructural developments of the Basrah region. Venue: Al-Basrah, Iraq Budget And Luxury Properties

Date: 21 - 23 December, 2012

Budget And Luxury Properties is an exhibition cum trade show that has been designed for the professionals in the building and construction sector. The event will definitely prove to be a big benefit for the people who have decided to buy their dream homes. Venue: Chennai, India

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SUPPLY CHAIN

ASIS 6th Asia-Pacific Security Forum & Exhibition

Date: 03 - 05 December, 2012

Set for December 3-5, 2012, in Hong Kong at the Grand Hyatt Hong Kong, this unique conference will address a full spectrum of topics in security management such as: supply chain security, loss prevention, hotel security, intellectual property, maritime piracy, terrorism, executive protection, internal theft and fraud, competitive intelligence, brand protection, physical security, cyber security, investigations, due diligence and global business issues. Connect with peers in security management from around the world. Share experiences and exchange ideas. Gain valuable new insights and perspectives on security challenges faced regionally in the Asia Pacific, as well as those that extend globally. Venue: Grand Hyatt Hong Kong, Honk Kong, China Kuwait Supply Chain & Logistics Conference and Exhibition Date: 05 - 06 Dec. 2012 Kuwait Supply Chain & Logistics Conference and Exhibition is a comprehensive supply chain management education and networking event. It will focus on the important issues on how the top manufacturers and solution providers can grow their strength and consolidate their position by enforcing new supply chain and logistics strategies to stay relevant and manage the challenges. Venue: Radisson Blu Hotel, Kuwait India Material Handling & Logistics Show

Date: 07 - 09 December, 2012

Logistics & Transportation: India Material Handling & Logistics Show 2012 will assemble a large number of buyers, customers, distributors & end-users; and it will also help the exhibitors to find new business prospects. The exhibitors linked to Consumer Electronics, Dairy & Agro, Electronics & Electricals, Engineering, Fertilizers, FMCG, Food & Food Processing, Glass, Healthcare & Pharmaceutical will come to this event from different regions of the world. Venue: Pune, India India Warehousing and Logistics Show

Date: 07 - 09 December, 2012

Logistics & Transportation: India Warehousing & Logistics Show, India Material Handling & Logistics Show and India Cold Storage Show aims to bring together relevant sectors and set a buyer-seller meeting point. The show will be having a special focus on industries in Gujarat, Maharashtra, Goa, Rajasthan, Madhya Pradesh and Chhattisgarh, Ports in Gujarat and Maharashtra, and shall be having visitors coming from all over India and neighboring countries. Venue: Pune, India The 10th TruckIT Forum

Date:13 - 14 December, 2012

Prepare your fleet to step into the next decade armed with the latest technology has to offer for increasing efficiency, cutting costs and keeping pace with regulation. Join the leading meeting place for CIOs and Fleet Executives. Venue: Hyatt Regency Miami, Miami, United States of America

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FOOD & BEVERAGES Wine Hamburg

Date: 01 - 02 December, 2012

Wine Hamburg is a German event that will be held for a period of two days. The site of the event is at close proximity to the railway station thus making it easily commutable. The show will represent a creative atmosphere to display the latest stock of wines from all around the world. Venue: Hamburg, Germany Dubai Drink Technology Expo

Date: 04 - 06 December, 2012

Dubai Drink Technology Expo (DDTE) is the premier specialized event in the MENA region for the beverage industry. It is a unique platform for beverage companies to present their latest technologies and system solutions for the entire production chain (manufacturers, filling, packaging, distribution, wholesales/retailing, trading and marketing) of Carbonated, Fruit Juices, Bottled Water, Energy and wellness drinks, Milk and Dairy Products, & Functional Drinks RTD (Ready to Drink), Tea and Coffee. Venue: Dubai, United Arab Emirates Hong Kong International Bakery Expo

Date: 05 - 07 December, 2012

Hong Kong International Bakery Expo will be organized in Hongkong emphasizing to the baking industry. The event is one of the premier events that will be taking place for three days. The show will bring in all the eminent professionals related to the baking industry under a single roof where the exhibitors will be able to expand their network and aware the potential trade buyers about the latest products and services. Venue: Hong Kong, China Isrmax Sugar Expo

Date: 13 - 15 December, 2012

Isrmax Sugar Expo will take place in New Delhi, India for three consecutive days. This expo proves to be advantageous for the processing engineers and technologists of sugar industry. These experts will get a scope to get familiar with the modern techniques which are required for making sugar industry more advanced in the recent times. Venue: New Delhi, India Kuwait Food Show

Date: 30 December - 10 January, 2013

The event is organized by Kuwiat International Fair. An integral feature of the shows, The Great Taste Awards, recognize and reward specialty food and drink in the Kuwait and overseas. The main objective of Food Exhibition is sustainable development which can provide natural resources to the people. Venue: Kuwait City, Kuwait

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Industry Leaders Magazine


Industry Leaders Magazine November 2012 Issue  

Industry Leaders Magazine is a monthly publication showcasing the Latest Profiles and Project Reports of the Leading Companies in Constructi...

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