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ACN Newswire press release news - Recent Press Releases

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    At the ICT Expo on October 1, 2018: XacBank CEO Boldoo Magvan (2nd from left) and MobiCom CEO Tatsuya Hamada (3rd from left).
    The Candy-XacBank Debit Card
    Ulaanbaatar, Mongolia, Nov 9, 2018 - (ACN Newswire) - On October 1, 2018, KDDI CORPORATION subsidiary MobiCom Corporation LLC announced at ICT EXPO held in Ulaanbaatar that it has launched the "Candy" Payment Card in partnership with major Mongolian bank XacBank.

    MobiCom and XacBank concluded a partnership agreement in September 2017, in which XacBank would issue debit cards designed for MobiCom's Candy e-money which rewards customers with Candy cash-back worth 1% of the value of each purchase.

    The Candy e-money service offers Candy cash-back reward when the card is used to pay for MobiCom services and purchases at Candy companies. Each Candy is worth 1 Mongolian tugrug (MNT), and can be used to pay for MobiCom services or purchases at more than 4,500 Candy merchants' online & offline shops.

    In March 2018, MobiCom introduced Candy Pay, a prepaid e-money service that provides users with easy access to their Candy account through a smartphone app. Candy Pay users can use the app at merchant eco-system within Mongolia, and use QR codes for payments as well. These and other features have attracted interests from the FinTech field.[1]

    Through its latest partnership with XacBank, MobiCom will continue to improve its services while also keeping an eye out for opportunities to provide new telecoms and financial services. This is how MobiCom contributes to development in Mongolia.

    About MobiCom
    MobiCom is a total telecommunications service provider, supplying mobile, fixed line and satellite communication services in addition to a wide range of ICT services, and holds the largest market share[2] of Mongolia's mobile subscribers.

    KDDI has invested in MobiCom from its founding in 1995, making ongoing contributions to development of Mongolia's communications industry. KDDI will apply its accumulated worldwide knowledge and experience to continue powering the growth of MobiCom and Mongolia's telecommunications environment.

    History
    - Nov 1995 KDDI, Sumitomo Corporation and Newcom LLC enter the Mongolian market, establishing a joint telecommunications venture
    - Mar 1996 Launched 2G GSM service
    - Mar 2009 Launched 3G W-CDMA service
    - 2011 Obtained ISO 9001 quality management system certification
    - 2012 Obtained ISO 27001 information security management certification
    - Aug 2014 Launched Candy Point Program
    - Mar 2016 KDDI consolidated MobiCom
    - May 2016 Launched 4G LTE high-speed data communication service in Ulaanbaatar
    - Dec 2016 Launched Candy e-money service
    - Mar 2017 Launched Candy Message Loan service
    - Jul 2017 Obtained Mongolia's first international standard OHSAS18001 certification for implementation and operation of (MobiCom's) Occupational Health and Safety Management System
    - Nov 2017 Introduced Mongolia's first carrier aggregation in 4G LTE
    - Dec 2017 Received the Grand Prix at the "Entrepreneur Awards"
    - Mar 2018 Honored by the Mongolian National Chamber of Commerce and Industry with the Chamber's Silk Road Award in the Best Socially Responsible Company category.
    - Sep 2018 Mutually connected with the KHUR Mongolian national population database, enabling simplified contractual agreements using fingerprint verification.

    Notes:
    1. "FinTech" combines the meanings of "finance" and "technology" in reference to the application of state-of-the-art IT to innovative financial services and activities designed to create and explore new services.
    2. Latest data, as of December 2017.

    *This press release is an abridged translation of the press release announced in Japan.
    https://news.kddi.com/kddi/corporate/newsrelease/2018/10/23/3439.html

     
    Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

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    The 26th edition of the Hong Kong Optical Fair, organised by the Hong Kong Trade Development Council (HKTDC), featured 810 exhibitors from 23 countries and regions and welcomed more than 16,800 buyers.
    Among the group pavilions in the Brand Name Gallery were the Japanese Pavilion and Visionaries of Styles Pavilion, featuring a wide selection of Japanese and international brands. The gallery also spotlighted a range of local brands showcasing new designs.
    The inaugural IT Solutions & Shop Fittings zone featured various exhibitors, including Hong Kong company SSIWO Technologies Limited which presented its latest application of facial recognition technology.
    Leading-edge Technologies Attract Buyers; High-end Brands Tipped to Be Top Sellers

    HONG KONG, Nov 9, 2018 - (ACN Newswire) - The 26th edition of the HKTDC Hong Kong Optical Fair concluded today at the Hong Kong Convention and Exhibition Centre. Organised by the Hong Kong Trade Development Council (HKTDC) and co-organised by the Hong Kong Optical Manufacturers Association, the three-day fair ran from 7-9 Nov and attracted more than 16,800 buyers from 111 countries and regions, an increase of 4% in buyer attendance on the previous year. The number of buyers from emerging markets, including the Chinese mainland, Malaysia, the Philippines and Russia, saw satisfactory growth, while there was a sizeable uptick in the number of buyers from mature markets such as France, Germany, Japan, Korea, Spain, the United Kingdom and the United States. The figures confirm the Hong Kong Optical Fair's status as a major sourcing platform for the global industry.

    "Despite the current uncertainty in the global economy, this year's Optical Fair confirmed there is still ample demand for eyewear in the market, and highlighted the value the industry places on new designs and technologies that help to reduce costs," said Benjamin Chau, Deputy Executive Director of the HKTDC.

    This year's event featured a record 810 exhibitors from 23 countries and regions presenting a wide range of eyewear products. The inaugural IT Solutions & Shop Fittings zone showcased the latest innovations, including 3D eyewear printing technologies, to match buyers' needs and help promote their business development.

    Spotlight on New Technologies

    Hong Kong eyewear brand ITUM, established by young local architect Edmond Wong, took part in the fair for the first time. The company's MONO collection makes good use of 3D printing techniques and the flexibility of nylon to create a foldable arm that does not require hinges. Customers can also change the lenses according to their needs, turning the eyewear into a fashion accessory. The collection is currently only available in Hong Kong and online, but Mr Wong said he had met a potential business partner from Japan that could help the company boost its brand profile and explore overseas markets.

    Local exhibitor SSIWO Technologies Limited presented its latest application for facial recognition technology that enables consumers to try on a selection of optical frames virtually. The exhibitor received on-site orders, each valued at US$10,000 in licence fee, from Swedish and American buyers at the fair.

    High-end Branded Eyewear Still in Demand

    This year's Brand Name Gallery featured more than 225 top international eyewear brands. Hong Kong exhibitor Bestwork Industries Limited promoted its original eyewear brand at the fair, where company manager Bobby To said they had been able to connect with many new clients. Buyers from Germany, the United Kingdom and the United States placed orders for Bestwork products valued at US$200,000.

    Optyka Optometria Okulistyka Aleksander Tracewicz, a buyer from Poland, operates 20 optical stores and an online store. Blazej Bruzda, the company's Purchasing Manager, said he sourced six potential suppliers of optical frames from the Chinese mainland at the fair, also placing orders for optical frames valued at US$70,000.

    Various events were held during the fair period. The 16th Hong Kong Optometric Conference, with the theme "The Contemporary Role of Optometrists in Primary Care", explored hot optometry issues such as gene therapy for vision restoration and artificial intelligence (AI) computing for health-risk prediction. The two-session conference attracted more than 1,000 participants. A series of seminars featured industry representatives and experts to share market and product trends in the eyewear industry.

    The Hong Kong Optical Fair ran concurrently with the HKTDC Hong Kong International Wine and Spirits Fair (8-10 Nov), drawing cross-sector international buyers for additional business opportunities.

    For more comments from exhibitors and buyers, please visit: https://bit.ly/2z1VlWH
    Fair Website: http://hkopticalfair.hktdc.com
    Photo download: https://bit.ly/2qBPZg9

    About HKTDC

    Established in 1966, the Hong Kong Trade Development Council (HKTDC) is a statutory body dedicated to creating opportunities for Hong Kong's businesses. With 50 offices globally, including 13 on the Chinese mainland, the HKTDC promotes Hong Kong as a platform for doing business with China, Asia and the world. With more than 50 years of experience, the HKTDC organises international exhibitions, conferences and business missions to provide companies, particularly SMEs, with business opportunities on the mainland and in international markets, while providing business insights and information via trade publications, research reports and digital channels including the media room. For more information, please visit: www.hktdc.com/aboutus. Follow us on Google+, Twitter@hktdc, LinkedIn.

    Contact:
    Angel Leong, Tel: +852 2584 4298, Email: angel.lw.leong@hktdc.org Joshua Cheng, Tel: +852 2584 4395, Email: joshua.cp.cheng@hktdc.org

    Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

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    CLEVELAND, Ohio, Nov 9, 2018 - (ACN Newswire) - The Lubrizol Corporation announces that its Engineered Polymers business will exhibit at Formnext 2018, the world's leading trade fair for additive manufacturing, to be held November 13-16, in Frankfurt, Germany. Lubrizol will showcase innovative TPU solutions from its new Estane(R) 3DP Thermoplastic Polyurethane (TPU) portfolio in Hall 3.0 at Booth A90.

    Aligned with the show's goal to inspire visitors to design new parts using 3DP, Lubrizol will showcase commercial parts using Estane(R) 3DP TPU in Fused Deposition Modeling (FDM) technology, as well as developmental parts based on Estane(R) TPU powder and HP(R) Multi Jet Fusion(TM) (MJF) technology. Featured applications include footwear, consumer electronics and automotive.

    The Estane(R) 3DP TPU portfolio maintains all the unique attributes typically expected of Estane(R) TPU, including a wide range of hardness (Shore A 70 to Shore D 80), high flexibility at a wide range of temperatures, UV resistance, superior mechanical properties, good dimensional stability, a high level of transparency, and more. These benefits are transferred into the final 3D printed parts, even in custom and complex parts, bringing new freedom in design.

    "Lubrizol Engineered Polymers is strongly committed to expanding our offering of Estane(R) 3DP TPU solutions for both filament and powder processes by working together with key stakeholders in the value chain through a sustainable and application-driven approach," states David Pascual, Lubrizol's global marketing manager for 3D printing. He continues, "By having our customers at the core, we are building a portfolio of differentiated solutions enabling the design of parts never before considered using traditional manufacturing processes. Estane(R) 3DP TPU solutions bring innovative, sustainable and flexible options to the 3DP market."

    About Lubrizol Engineered Polymers

    With more than 55 years of experience and a worldwide network that includes formulation design, manufacturing, R&D and cutting-edge technologies, Lubrizol Engineered Polymers offers one of the broadest portfolios of engineered polymers available today including resins that are bio-based*, recyclable**, light stable, flame retardant, adhesive, chemically resistant, optically clear and fast cycling. Our technology crosses many industries and applications, including surface protection, power and fluid systems, sports and recreation, wearable devices, electronics and automotive. For more information, visit www.lubrizol.com/engineered-polymers or contact engineeredpolymers@lubrizol.com.

    About The Lubrizol Corporation

    The Lubrizol Corporation, a Berkshire Hathaway company, is a market-driven global company that combines complex, specialty chemicals to optimize the quality, performance and value of customers' products while reducing their environmental impact. It is a leader at combining market insights with chemistry and application capabilities to deliver valuable solutions to customers in the global transportation, industrial and consumer markets. Lubrizol improves lives by acting as an essential partner in our customers' success, delivering efficiency, reliability or wellness to their end users. Technologies include lubricant additives for engine oils, driveline and other transportation-related fluids, industrial lubricants, as well as additives for gasoline and diesel fuel. In addition, Lubrizol makes ingredients and additives for home care, personal care and skin care products and specialty materials encompassing polymer and coatings technologies, along with polymer-based pharmaceutical and medical device solutions.

    With headquarters in Wickliffe, Ohio, Lubrizol owns and operates manufacturing facilities in 17 countries, as well as sales and technical offices around the world. Founded in 1928, Lubrizol has approximately 8,700 employees worldwide. Revenues for 2017 were $6.3 billion. For more information, visit Lubrizol.com.

    *Bio-based content as certified in accordance with ASTM D-6866.
    **Recyclability is based on access to a readily available standard recycling program that supports such materials. Products may not be available in all areas.

    All marks are owned by The Lubrizol Corporation.

    Media Contacts
    Nicholas Galioto
    +1 216 447-7382
    The Lubrizol Corporation

    Lidia Valcarcel
    +34 93 579-9565

    Websites
    www.lubrizol.com/engineered-polymers
    www.lubrizol.com

    ###

    This announcement is distributed by West Corporation on behalf of West Corporation clients.
    The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
    Source: Lubrizol via Globenewswire

     
    Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

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    Providing Free Crypto Trading Services for Millennials

    HONG KONG, Nov 9, 2018 - (ACN Newswire) - Coinsuper, the leading global cryptocurrency exchange today announced a strategic partnership with Weever FinTech, the crypto trading arm of CASH Financial Services Group (CFSG, SEHK: 510).

    Ms. Karen Chen, Co-founder & CEO of Coinsuper, said: "We heartily congratulate Weever on their new platform rollout and are confident this strategic partnership will be mutual beneficial. This modern example of merging the crypto and traditional finance worlds represents a key milestone on our corporate mission."

    CFSG Executive Director and CEO Mr. Benson Chan said: "We are delighted at Coinsuper joining our groundbreaking platform as a strategic partner developing the region's first commission-free crypto trading services for millennial investors.

    "Their experience in both financial markets and the crypto landscape is instrumental to our development into the pioneer of cryptocurrency trading in the region."

    Led by financial industry veterans and digital asset crusaders, Coinsuper specialises in assisting financial institutions, professional investors and alliance partners to enter the crypto market to highest regulatory requirements and compliance.

    Weever targets launching the first commission-free cryptocurrency trading platform in Hong Kong, providing mobile-driven, social-sharing and tech-savvy 'millennial' crypto investors more efficient access to cryptocurrency markets via smartphone.

    About 300,000 potential users are on the platform's waiting list to trade in the most liquid and active cryptocurrencies, including Bitcoin, Ethereum, Litecoin and Bitcoin Cash.

    "Welcoming Coinsuper aboard, Weever is committed to providing Best execution to crypto-investors, developing a proprietary platform offering timely and easy Access to multiple exchanges and OTC trading desks," added Mr. Chan.

    Establishing and maintaining a Trusted trading environment compliant with international standards and security requirements assures a robust platform that meets the needs of high-volume trading, while investors on a budget can also invest in cryptocurrency 'Splits' as low as a thousandth of a coin, he said.

    "We are confident that these BATS benefits will open a new horizon for our investors to grasp the transient opportunities in the crypto investment world," added Mr. Chan.

    About Coinsuper
    Hong Kong-based Coinsuper is the top cryptocurrency exchange led by former top-notched financial industry veterans and digital asset evangelists. The established background has well proven to provide industry know-how to combine the traditional financial market with the crypto landscape. Coinsuper deal extensively with fiat trading, in turn, requirements for compliance and regulatory abidance come in higher standard, calling for more comprehensive financial licensing and traditional banking supports.

    Coinsuper leverages their network to bring financial institutions, professional investors and alliance partners to accelerate the path towards the crypto market. We are also well trusted by our strategic partners and investors including Pantera, ChinaEquity, Ausvic, 8 Decimal, New Focus Auto, Cash Financial, Sky9, Guosheng International, Chunda and Juntong, among others. www.coinsuper.com

    About Weever
    Weever FinTech Ltd is a subsidiary of CASH Financial Services Group ("CFSG", SEHK: 510). Weever aims at providing commission-free cryptocurrency trading services with a more efficient access to the cryptocurrency markets, serving the most mobile-driven, social-sharing and tech-savvy users of the millennium. For more information, please visit www.weever.com.hk.

    For media enquiries:
    For Coinsuper
    Ms. Yolanda Zhong
    Tel: +852 3796 3802
    e-mail: Yolanda.zhong@coinsuper.com

    For CFSG / Weever:
    Ms. Magdalene Tsang
    Tel: +852 2287 8088
    e-mail: magdalene.tsang@cash.com.hk


     
    Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

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    Underlying Profit Decreased by 22.4% to HK$52.4 Million;
    Declared an Interim Dividend of 4.0 HK Cents per Share

    HONG KONG, Nov 12, 2018 - (ACN Newswire) - Grand Ming Group Holdings Limited (the "Company" and together with its subsidiaries, the "Group", stock code: 1271.HK) today announces its interim results for the six months ended 30 September 2018 ("FH 2018/19").

    Highlights
    - Recorded revenue of HK$272 million, a decrease of 66.6%.
    - Recorded underlying profit, exclusive of the effect of changes in fair value of investment properties, of HK$52.4 million, a decrease of 22.4%.
    - Attained net profit for the period of HK$51.3 million, representing a decrease of 28.2% over last year.
    - Declared interim dividend of 4.0 HK cents per share.
    - Continues to sale by tender for its "Cristallo" project and commences the preparatory work for the pre-sale of the Tsing Yi Sai Shan Road project.
    - Seek opportunities to expand land bank in Hong Kong.

    Total revenue of the Group decreased 66.6% from HK$815.0 million for the six months ended 30 September March 2017 ("FH 2017/18") to HK$272.0 million for FH 2018/19. The decrease in revenue was mainly attributable to drop in revenue derived from the building construction segment, offset partially by revenue contributed from the sale of one apartment of "Cristallo".

    For the FH 2018/19, the Group's underlying profit, excluding the changes in fair value on investment properties, amounted to HK$52.4 million, representing a decrease of HK$15.1 million or 22.4% over that of HK$67.5 million in FH 2017/18. Underlying earnings per share was 7.4 HK cents (2017: 9.5 HK cents). While the Group's net profit for the period was HK$51.3 million, inclusive of a decrease in fair value of investment properties of HK$1.1 million, representing a decrease of HK$20.1 million or 28.2% when compared with that of HK$71.4 million for FH 2017/18. Earnings per share was 7.2 HK cents (2017: 10.1 HK cents).

    The Board proposed to declare interim dividend of 4.0 HK cents (2017: 4.0 HK cents) per share, payable on 12 December 2018 to shareholders whose names appear on the Company's register of members on 28 November 2018.

    Revenue derived from the construction division decreased by approximately 79.8% or HK$591.1 million, from approximately HK$740.6 million for the FH 2017/18 to approximately HK$149.5 million for the FH 2018/19. The decrease was mainly because the construction project at Kai Tak were substantially completed in the previous financial year, resulting in much lower percentage of revenue being certified during FH 2018/19.

    The property leasing division continued to yield stable results. Revenue derived from the leasing of data centres (iTech Tower 1 and 2) slightly increased by approximately 3.5% or HK$2.5 million, from approximately HK$72.2 million for FH 2017/18 to approximately HK$74.7 million for FH 2018/19. The Group strives to enhance utilization and revenue contribution from the tenants in iTech Tower 2.

    For the property development division, the site formation and foundation works of the Group's first property development project at Sai Shan Road, Tsing Yi, New Territories continues to advance smoothly. The development will consist of two blocks of 30-storey residential buildings together with club-house facilities and car parks on a gross floor area of approximately 400,000 square feet.

    The Group made a prompt and successful move to expand its property portfolio via the acquisition of the en-bloc residential property in October 2017. The property was named as "Cristallo" and received overwhelming market supports since its launch for sales by tender in April 2018. In the FH 2018/19, the Group completed the sale and delivery of one apartment and recorded revenue of approximately HK$43.0 million. The Group further entered five provisional sales and purchase agreements in respect of sales of five apartments for an aggregate value of approximately HK$187.5 million in October 2018 and the transactions are expected to be completed during the period from December 2020 to October 2021.

    The "Cristallo" project is an en-bloc completed residential building located at No. 279 Prince Edward Road West, Kowloon, and offers 18 residential apartments with the size ranging from 1,300 to 2,700 square feet. The property is a newly completed luxurious low-density residential building located in the traditional luxury district of Kowloon.

    Mr. Chan Hung Ming, Chairman and Executive Director of the Company said, "Following the delivery of the first revenue and profit contribution in our property development division from the sale of the first luxury apartment in "Cristallo", I am thrilled to lead the Group to a milestone year. Even the continued interest rate hikes coupled with the US-China trade tariffs cast shadow over the global business landscape, we remain cautiously optimistic about the Hong Kong property market. We see the prolonged imbalance of supply and demand for private residential units in the market, in particular new luxury residential units in the traditional luxurious areas. Our "Cristallo" project makes a perfect fit for the market demand and therefore we expect it to bring satisfactory returns to the Group in the years ahead. On the other hand, we have commenced the preparatory work for the pre-sale of our Tsing Yi Sai Shan Road project. Eyeing on the continued record-breaking of the residential property price and the emerging economic volatility, we see the property market may enter into a consolidation period and it may present a perfect opportunity for us to expand our land bank. We will grow our landbank via opportunities available such as public tendering, joint ventures, property acquisitions including acquisition of en-bloc completed properties or properties with fully consolidated ownership. On the other hand, we will continue to create a balance leveraged property portfolio by our continuous effort to invest and upgrade our data centre infrastructure and act very cautiously in investing our third high-tier data centre locally or outside Hong Kong."

    In terms of the construction business, the Group maintains a prudent approach in bidding new construction projects and will act only when a reasonable profit margin is attained from the new project tender. The construction sector still concerns the Group for the escalated labour wages, the shortage of skilled labours, coupled with the margin squeeze for the new construction project due to the keen market competition.

    About Grand Ming Group Holdings Limited (Stock code: 1271.HK)
    The Group is principally engaged in the business of building construction, property leasing and property development. As a local wholesale co-location provider of high-tier data centres, the Group is one of the dedicated service provider in Hong Kong which owns and uses the entire building for leasing to customers for data centre use. Its clients include multinational data centre operator, telecommunications company and financial institutions. With more than 20 years of experience in the construction industry, the Group also provides building construction services as a main contractor, and is involved in residential property development projects with prominent local developers, as well as offering alteration, renovation and fitting-out services for existing buildings in Hong Kong. Furthermore, the Group owns a land in Sai Shan Road, Tsing Yi for the purpose of developing a residential project with gross floor area of 400,000 square feet, as well as an en-bloc residential building in Prince Edward Road West, Kowloon being named as "Cristallo".

    Media Contacts:
    Angel Yeung
    Jovian Communications Ltd
    Tel: +852 2581 0168
    Email: news@joviancomm.com



     
    Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

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    Diagram of Daycare Center AI Admissions Screening
    Matches thousands of children to daycare centers in just seconds

    TOKYO, Nov 12, 2018 - (JCN Newswire) - Fujitsu has today commenced sales in Japan of industry's first AI-powered software product intended to help municipal employees perform child daycare-related tasks. Fujitsu developed a public solution with a child-rearing and daycare center AI admissions screening system that features "Fujitsu Human Centric AI Zinrai," the company's artificial intelligence technology. The new product automatically matches thousands of children to daycare centers, in seconds, based on diverse applicant needs and detailed criteria determined by local governments. In the admissions process of matching children to daycare centers, local government employees assign children to daycare centers on a "trial and error" basis. Such procedure is based on complex requirements that include applicant priority criteria set by each local government as well as requests for siblings to be admitted to the same daycare center, to satisfy the requests of all applicants to the maximum extent possible. As a result, it takes time to assign seats and notify results. Also, it has been difficult to adopt new standards that respond to detailed requests, as it complicates the screening process. The new software is driven by Zinrai AI technology that incorporates game theory, a mathematical approach that rationally resolves the relationships between people with conflicting interests. This matches thousands of children to daycare centers in a few seconds according to applicant priority criteria, so that all applicants have as many of their requests met as possible. The product is currently being trialed by more than 30 local governments, including in Otsu, Shiga Prefecture. The city of Kusatsu in the same prefecture also plans to deploy the software in fiscal 2018, and Tokyo's Minato ward is considering use of the solution from fiscal 2019.

    Background

    Recent years have seen measures taken to slow the declining birth rate in Japan, including enactment of the "Act on Child and Childcare Support." Many issues still remain, however, in the childcare situation in many regions, such as the number of children waiting for openings at daycare centers. One such issue is increasingly complex daycare admissions screenings due to the need to maintain fairness. The result is that significant manpower and time are required to match children to limited daycare center openings, which takes various circumstances of applicants into account. For example, some parents prioritize siblings going to the same daycare center, while others allow siblings to be in separate daycare centers as long as all the children are admitted somewhere. There have also been many cases, depending on the local government, where siblings ended up in different daycares even after repeated considerations. Solving these problems and handling the admissions assignment process quickly, carefully, and appropriately has become an urgent task of governments that have made supporting working women as an important policy.

    Daycare matching process using the new system

    1. Extracting necessary information from child-rearing support system for admissions screenings

    Information required for admissions screenings, including information for each child (daycare center use adjustment index(1), desired daycare center, daycare center preferences of siblings, etc.) and information such as the number of available spots in each daycare center, is taken from the child-rearing support system and input to the daycare center AI admissions screening system. Fujitsu's solution or a third-party product can be selected as the child-rearing support system serving as the information source.

    2. Conducting admissions screening using AI

    Based on various applicant requests, including sibling entrance requirements and preferences for specific daycare locations, as well as applicant priority criteria based on daycare center use adjustment indexes determined by each local government and detailed standards, the software matches children to daycare centers in a few seconds. This way, all applicants get as many of their requests met as possible according to applicant priority criteria, and the assignment process for several thousand children, which currently takes about 1,000 hours for government-specified core cities to perform, is completed in seconds. By notifying parents and guardians of the admissions result more quickly, residents' services are also improved. As assignment results are generated in both digital and document formats, the results input process can also become more efficient.

    3. Visualizing assignment results, supporting explanations to residents

    The software provides functionality to support staff in explaining the reasons for assignment results, such as when a parent wants to know why their child was not admitted to the preferred daycare center. Staff can explain the results based on the number of openings at the daycare, the priority of the request, and sibling entrance requirements, so they can smoothly respond to inquiries from and service-counter consultations with residents, providing highly transparent accountability.

    http://www.acnnewswire.com/topimg/Low_FujitsuAIEquippedDaycare.jpg
    Diagram of Daycare Center AI Admissions Screening

    Sales Target

    Cumulative sales of about 2 billion yen by the end of fiscal 2020 (Fujitsu's fiscal year ends March 31).

    (1) Daycare center use adjustment index A standard (index) individually determined by local governments to prioritize people in greater need of childcare. The standards cover diverse factors, including the work situation of parents, conditions regarding childcare, and whether the parents have nursing care obligations.

    About Fujitsu Ltd

    Fujitsu is the leading Japanese information and communication technology (ICT) company, offering a full range of technology products, solutions, and services. Approximately 140,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE: 6702) reported consolidated revenues of 4.1 trillion yen (US $39 billion) for the fiscal year ended March 31, 2018.

    For more information, please see www.fujitsu.com.
    This release at www.fujitsu.com/global/about/resources/news/press-releases/.

    Contact:
    Fujitsu Limited Public and Investor Relations Tel: +81-3-3215-5259 URL: www.fujitsu.com/global/news/contacts/

    Copyright 2018 JCN Newswire. All rights reserved. www.jcnnewswire.com

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    JAKARTA, Nov 12, 2018 - (ACN Newswire) - PT Bank CIMB Niaga Tbk (CIMB Niaga) and PT JCB International Indonesia launched the CIMB Niaga JCB Precious Card in Jakarta, Monday. This credit card is specifically made for women to be a payment solution with benefits not only for shopping but also for health and beauty.

    The CIMB Niaga JCB Precious Card is an initiative by CIMB Niaga to provide a diversified and innovative credit card product especially for the women's market.

    "All this time we didn't have a specific product to answer the various needs of women. This market has a big potential because of the increasing number of women, and their increasing consumer demand and economic power. With the CIMB Niaga JCB Precious Card, we are hoping that we will be able to cater to this market," said CIMB Niaga's Director of Consumer Banking Lani Darmawan.

    She added, "In line with the tagline 'you are precious, more than you think', CIMB Niaga will give cardholders benefits as a token of appreciation for them as women, so that they can balance a healthy lifestyle, beauty, and fashion as well."

    "As a bank that understands women's needs, we provide health and beauty privileges such as free health insurance for breast and cervix cancer worth Rp100 million. We also provide 0% installments for 3 months with a minimum Rp500 k transaction at the merchant categories of hospital, health and beauty," said Lani.

    To accommodate shopping needs, this credit card also provides attractive shopping provileges such as a free shopping voucher worth Rp 1 million. This benefit can be enjoyed by spending a minimum of Rp 15 million for retail transactions within two billing periods and redeeming Poin Xtra from those transactions.

    One distinctive feature that differentiates the CIMB Niaga JCB Precious Card from other CIMB Niaga cards is the 5x higher conversion value for every Poin Xtra shopping point redemption. "Cardholders are also able to redeem their Poin Xtra for their choice of gifts, including airline mileage and access to airport lounges in Indonesian big cities," added Lani.

    Meanwhile Mr. Koichiro Wada, President Director of PT JCB International Indonesia, commented, "We are pleased that CIMB Niaga has launched this new Precious Card with JCB. CIMB Niaga and JCB have had an issuing partnership since 2014, with two products that are already out in the market. With the launch of the CIMB Niaga JCB Precious Card, we can expand our mutual business to target a wider market in Indonesia. The Precious product targets a higher segment than Platinum and will be one of the main products in the credit card business in Indonesia. I believe there is huge potential for this financial product focused on women as the economy and market demand grow in Indonesia. I am sure that the CIMB Niaga-JCB Precious Card caters to the needs of Indonesian women and will definitely attract many consumers with its broad range of benefits provided by both Bank CIMB Niaga and JCB."

    The CIMB Niaga JCB Precious Card also gives main cardholders free annual fee for the first year. In following years, the privilege can also be enjoyed by spending a minimum of Rp 30 million for retail transactions per year. Moreover, this cashless card offers numerous features such as fixed instalments with competitve interest for 36 months; privileges at chosen restaurants, travel agents and e-commerce; and last but not least, the Quick Pay feature which allows cardholders to pay bills such as electricity, phone, handphone, cable TV, and internet in just one bill.

    About CIMB Niaga

    CIMB Niaga was established as Bank Niaga in 1955. About 92.5% of CIMB Niaga's shares (including those issued by PT Commerce Kapital amounting to 1.02%) are owned by CIMB Group. CIMB Niaga offers complete banking products and services, both conventional and Sharia, through 527 office networks as of June 30, 2018, consisting of 455 branch offices, 24 cash offices and payment units (including 26 digital lounge), and also 22 units of mobile bank branch. CIMB Niaga has 13,620 employees as of June 30, 2018.

    CIMB Group is the second largest financial service company in Malaysia, as well as one of the leading universal banking business groups in ASEAN. Products and services include consumer products and services, investment banking, Sharia banking, asset management and insurance. CIMB Group headquarters is in Kuala Lumpur, and it operates in 9 of the 10 ASEAN member countries (Malaysia, Indonesia, Thailand, Singapore, Cambodia, Brunei, Vietnam, Myanmar and Laos). In addition to the ASEAN region, CIMB Group also established offices in China, Hong Kong, India, Sri Lanka, the United States, Britain and Korea. CIMB Group market stock is listed in the Bursa Malaysia through CIMB Group Holdings Berhad. As of June 30, 2018, this business group had a market capitalization value of USD12.7 billion.

    About JCB

    JCB is a major global payment brand and a leading payment card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase merchant coverage and card member base. As a comprehensive payment solution provider, JCB commits to provide responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en

    Contact
    Deddy T. Hasibuan
    Media Relations Group Head
    PT Bank CIMB Niaga Tbk
    Tel: +6221 2700555
    Website: www.cimbniaga.com

    Yosuke Higuchi
    General Manager
    PT JCB International Indonesia
    Tel:+62 21 521 1221
    www.global.jcb/en/
    www.id.jcb/id/

    Kumiko Kida
    Assistant Vice President
    Corporate Communications Department
    JCB Co., Ltd.
    Tel: +81-3-5778-8353
    Email: jcb-pr@info.jcb.co.jp

     
    Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

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    Commences Providing the First New Therapy for Unresectable Hepatocellular Carcinoma in China in Almost a Decade

    TOKYO, Nov 12, 2018 - (JCN Newswire) - Eisai Co., Ltd. announced that its Chinese subsidiary Eisai China Inc. (ECI) has launched the kinase inhibitor LENVIMA (generic name: lenvatinib mesylate) in China.

    In China, LENVIMA was approved first as a single agent for the treatment of patients with unresectable hepatocellular carcinoma (HCC) who have not received prior systemic therapy in September 2018. Through this launch, LENVIMA is the first new systemic therapy in approximately ten years available for the first-line treatment of unresectable HCC in China,(1) where the incidence of HCC is the highest in the world.(1)

    In March 2018, Eisai and Merck & Co., Inc., Kenilworth, N.J., U.S.A. (known as MSD outside the United States and Canada), through an affiliate, entered into a strategic collaboration for the worldwide co-development and co-commercialization of LENVIMA, and collaboration between the companies is progressing around the world. Going forward, ECI and Merck & Co., Inc., Kenilworth, N.J., U.S.A.'s Chinese subsidiary MSD China will work to jointly provide information on LENVIMA in China as well.

    Liver cancer is the second leading cause of cancer-related deaths and is estimated to be responsible for approximately 750,000 deaths per year globally. Additionally, approximately 780,000 cases are newly diagnosed each year, about 80% of which occur in Asian regions. Specifically, in China, there are approximately 395,000 new cases and 380,000 deaths per year, accounting for approximately 50% of cases worldwide.1 HCC accounts for 85% to 90% of primary liver cancer cases. Unresectable HCC, for which treatment options are limited, is extremely difficult to treat, and the development of new treatments is necessary.

    Today, LENVIMA is approved as a treatment for refractory thyroid cancer in over 50 countries including the United States, Japan and Europe, and in combination with everolimus as a second-line treatment for renal cell carcinoma in over 45 countries, including in the United States and Europe. In addition to China, LENVIMA is approved for use in the treatment of HCC in Japan, the United States, Europe, and other countries in Asia and around the world.

    The Chinese pharmaceutical market is the second largest market in the world after the United States, and in 2017 was worth US$122.2 billion and growing at a rate of 4% on a local currency basis, maintaining growth.(2) Eisai considers China as a key region for driving its global business following after Japan and the United States, and with the launch of LENVIMA in China, seeks to contribute further to increasing the benefits provided to cancer patients and their families.

    About LENVIMA (lenvatinib mesylate)

    Discovered and developed in-house by Eisai, LENVIMA is an orally administered kinase inhibitor with a novel binding mode that selectively inhibits the multi activities of vascular endothelial growth factor (VEGF) receptors (VEGFR1, VEGFR2 and VEGFR3) and fibroblast growth factor (FGF) receptors (FGFR1, FGFR2, FGFR3 and FGFR4) in addition to other pathway-related RTKs (including the platelet-derived growth factor (PDGF) receptor PDGFRalpha; KIT; and RET) involved in tumor angiogenesis, tumor progression and modification of tumor immunity.

    Currently, Eisai has obtained approval for LENVIMA as a treatment for refractory thyroid cancer in over 50 countries, including the United States, Japan, in Europe and Asia. Additionally, Eisai has obtained approval for the agent in combination with everolimus as a second-line treatment for renal cell carcinoma in over 45 countries, including the United States and in Europe. In Europe, the agent was launched under the brand name Kisplyx for renal cell carcinoma.

    In addition, LENVIMA has been approved as a treatment for hepatocellular carcinoma in Japan, the United States, Europe, China and other countries. Furthermore, Eisai has submitted applications for an indication covering hepatocellular carcinoma in Taiwan (December 2017), Brazil (March 2018), Russia (August 2018) and as well as in other countries. In Japan, over 5,000 patients have been treated with LENVIMA since approval of the HCC indication.

    It is important to note that the dose for LENVIMA for patients with unresectable HCC is based on the patient's weight (12 mg for patients weighing 60 kilograms or more, 8 mg for patients weighing less than 60 kilograms); the recommended dosage and dose adjustments are described in the full prescribing information.

    About the Eisai and Merck & Co., Inc., Kenilworth, N.J., U.S.A. Strategic Collaboration

    In March 2018, Eisai and Merck & Co., Inc., Kenilworth, N.J., U.S.A., known as MSD outside the United States and Canada, through an affiliate, entered into a strategic collaboration for the worldwide co-development and co-commercialization of LENVIMA (lenvatinib). Under the agreement, the companies will jointly develop and commercialize LENVIMA, both as monotherapy and in combination with Merck & Co., Inc., Kenilworth, N.J., U.S.A.'s anti-PD-1 therapy KEYTRUDA (pembrolizumab). In addition to ongoing clinical studies of the combination, the companies will jointly initiate new clinical studies evaluating the LENVIMA and KEYTRUDA combination to support 11 potential indications in six types of cancer (bladder cancer, endometrial cancer, head and neck cancer, hepatocellular carcinoma, melanoma and non-small cell lung cancer), as well as a basket trial targeting six additional cancer types. The LENVIMA and KEYTRUDA combination is not approved in any cancer types today.

    About Unresectable HCC

    Liver cancer is the second leading cause of cancer-related deaths and is estimated to be responsible for 750,000 deaths per year globally. Additionally, 780,000 cases are newly diagnosed each year. There is a large regional difference, with about 80% of new cases occurring in Asian regions, including China and Japan.(1) HCC accounts for 85% to 90% of primary liver cancer cases. HCC is associated with chronic liver disease, in particular cirrhosis. Major causes of cirrhosis include hepatitis B virus and hepatitis C virus. However, according to a recent investigation, non-B/non-C HCC is on the rise. Surgery is the first option for treatment, but for patients with unresectable HCC who are not amenable for potentially curative therapeutic interventions, which include liver transplant, surgical resection, and tumor ablation (typically radiofrequency ablation or cryotherapy), or who are not suitable for transarterial chemoembolization (TACE), treatment options are limited and the prognosis is very poor.

    History of Eisai's Business in China

    Eisai has been conducting business in China for over 25 years. Eisai expanded into the market in 1991 through a joint venture company, and in 1996, established Eisai China Inc. (Suzhou, Jiangsu Province), a 100% subsidiary with manufacturing / marketing capabilities. In 2010, Eisai (Suzhou) Trading Co., Ltd. was established for directly importing products and in December 2015, Eisai entered the generic pharmaceutical business in China by buying out Eisai (Liaoning) Pharmaceutical Co., Ltd. for the purpose of providing a stable supply of high-quality generic medicine to fulfil the medical needs of Chinese patients. These three companies were consolidated under Eisai China Holdings Ltd., which was established in December 2014.
    In January 2018, construction of a new oral solid dose production facility and administration building was completed at the new Suzhou Plant within the Suzhou Industrial Park, and Eisai is working to establish the new Suzhou plant as the plant with the largest production capacity under the Eisai Group.

    The core products of Eisai's Chinese business include peripheral neuropathy treatment Methycobal, liver disease/allergic disease agents Stronger Neo-Minophagen C / Glycyron tablets, anti-Alzheimer's agent Aricept, proton pump inhibitor Pariet, gastritis/gastric ulcer treatment Selbex, and Parkinson's disease treatments Comtan, Stalevo and Eldepryl as well as the pipeline product branched-chain amino acid formula Livact Granules.

    (1) GLOBOCAN2012: Estimated Cancer Incidence, Mortality and Prevalence Worldwide in 2012. http://globocan.iarc.fr/(New Window)
    (2) Copyright 2018 IQVIA., IQVIA World Review 2018, reproduction prohibited

    About Eisai

    Eisai Co., Ltd. is a leading global research and development-based pharmaceutical company headquartered in Japan. We define our corporate mission as "giving first thought to patients and their families and to increasing the benefits health care provides," which we call our human health care philosophy. With approximately 10,000 employees working across our global network of R&D facilities, manufacturing sites and marketing subsidiaries, we strive to realize our human health care philosophy by delivering innovative products in various therapeutic areas with high unmet medical needs, including Oncology and Neurology.

    As a global pharmaceutical company, our mission extends to patients around the world through our investment and participation in partnership-based initiatives to improve access to medicines in developing and emerging countries.

    For more information about Eisai Co., Ltd., please visit www.eisai.com.

    Contact:
    Media Inquiries: Public Relations Department, Eisai Co., Ltd. +81-(0)3-3817-5120

    Copyright 2018 JCN Newswire. All rights reserved. www.jcnnewswire.com

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    Project Cargo Logistics Operations through JV with Bok Seng

    BANGKOK, Nov 12, 2018 - (ACN Newswire) - JWD InfoLogistics PCL (JWD.TB), a leading Asean-based logistics solutions provider, has announced strong Q3 results, with revenue at THB 848.6 million (up 32.2% Y-o-Y) and net profit at THB 70.1 million (up 24.1% Y-o-Y), achieved by healthy growth in most segments, full-quarter revenue from CSLF's food service business and shared profit from PPSEZ.

    Raising its full-year revenue target to THB 3 billion, it expects growth to be sustained over Q4. In addition, the Company recently decided to set up a joint-venture firm to be tasked with offering project cargo logistics solutions in Thailand and Laos.

    Dr. Eakapong Tungsrisanguan, JWD CFO, disclosed JWD's Q3 (July-Sept) results, highlighting the outstanding Y-o-Y growths rates, including 32.2% Y-o-Y growth in rental and service revenue (to THB 848.6 million from THB 642 million) and 24.1% Y-o-Y growth in net profit (to THB 70.1 million from THB 56.5 million).

    The growth was fueled by strong sales in almost all segments, including the conventional and recently launched ones: cold storage revenue rose 33.1% with an occupancy ratio (as of end Q3) of 85.3%, while revenue in cargo transport, document and data storage, dangerous goods storage and management and removal segments rose 18.5%, 13.1%, 11.8% and 9.5%, respectively. This was supported by increased revenue from the food service provided by CSLF, a Taiwan-based company (due to recognition of full-quarter revenue), as well as by shared profit from PPSEZ, a listed company in Cambodia.

    For 9 Month (January-September) results, rental and service revenue totaled THB 2.2632 billion, a 26.3% Y-o-Y gain from THB 1.7926 billion, and net profit reached THB 160.5 million, a 9.6% Y-o-Y increase from THB 146.4 million, driven by the growth posted for nearly all core segments (both domestic and overseas operations).

    "Given the better-than-expected growth rates over the recent period, and forecasting prolonged growth in the final quarter, especially in the cold storage, cargo transport, dangerous goods storage and management and food service segments, we have decided to raise our full-year revenue target to THB 3 billion (from THB 2.6 billion), or approximately 30% Y-o-Y growth", the CFO said.

    Mr. Charvanin Bunditkitsada, Chairman, Executive Committee and JWD CEO, noted that JWD constantly explores opportunities to win new customers, ensuring continuous growth, and recently partnered with Singapore-based Bok Seng Logistics Pte Ltd (Bok Seng) to establish JWD Bok Seng Logistics (Thailand), a Thai-incorporated JV firm with capital of THB 4 million, 60%-owned by JVK (a JWD subsidiary) and 40%-owned by Mr. Ng Lian Soon (Bok Seng's majority shareholder). The JV provides project cargo logistics solutions (transport of locomotives, bridge parts, oil and gas platforms, international relocation of oil drilling rigs, etc.), which require engineering expertise and know-how, in Thailand and Laos.

    The JV will expand JWD's range of services beyond the transport of medium-sized machines in factories, to include project cargo logistics, involving the transport of bulky, heavy cargo that requires the know-how and experience of Bok Seng as well as its specialised or heavy handling equipment or machinery and expertise in assembly and installation. Bok Seng is present in several SE Asian markets, including Malaysia, Indonesia, Vietnam, Myanmar and Cambodia, and employs a universal platform for all markets.

    JWD sees project cargo logistics as promising in Thailand and Laos. It is aware that both countries' national economic and investment development plans are being implemented, for example, by construction of dams in Laos and infrastructure including dual-track and high-speed rail systems, airports, marine ports or Eastern Economic Corridor (EEC)-related facilities in Thailand. It noted a limited number of players in these countries with the expertise and technical sophistication required, compared to the transport of general machinery. Customers of project cargo logistics services are predominantly world-class companies and blue-chip companies in Thailand, and they award successful bidders long-term contracts.

    In addition, the proposed JV firm will use JWD's warehouse space at Laem Chabang Port to facilitate its operation, employing Bok Seng's heavy machinery to handle transport assignments from customers. The know-how and resources of the partners will be used to expand businesses and propel JWD's growth, while project cargo logistics will become one of JWD's main sources of revenue in the future.

    About JWD InfoLogistics PCL

    JWD InfoLogistics (SET:JWD) knows everything about logistics and supply chain management. The Group's fully integrated logistics and supply chain solutions cover all types of warehousing, including the free zone area, in fields where it has competitive advantage in terms of the ability to manage one-stop and unconditional service offers because it wholly own all warehouses. The Group is also proficient in customs procedures, product transportation and distribution, as well as logistics software development. Founded in 1979, the JWD Group has grown to comprise 18 subsidiaries and operates warehouses and yards covering a total storage space of approximately 800,000 sqm. The Group currently employs 1,300 staff and has branch offices in 32 countries. For more information, please visit www.jwd-group.com/en/.

    Contact:
    For JWD InfoLogistics: Yuttachai ("Tle") Paikanahok MT Multimedia T: +66 2612 2081 #125 M: +66 9 1736 2866 E: yuttachai.p@mtmultimedia.com

    Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

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    Kingsoft Cloud Maintains Rapid Growth; WPS Office Sustains Positive Outlook

    HONG KONG, Nov 12, 2018 - (ACN Newswire) - Kingsoft Corporation Limited ("Kingsoft" or the "Company"; HKEX stock code: 03888), a leading Chinese software and internet service company, has announced its unaudited quarterly results for the three months ended 30 September 2018 ("period under review").

    During the period under review, the revenue of Kingsoft increased 18% year-on-year and 14% quarter-on-quarter to RMB1,537.7 million. Revenue from the online games, cloud services, and office software and services and others represented 44%, 39% and 17%, respectively, of total revenue. Gross profit for the third quarter increased 3% quarter-on-quarter to RMB694.5 million. Loss attributable to owners of the parent recorded RMB59.3 million.

    Mr. Jun LEI, Chairman of Kingsoft, commented, "We realized a steady growth in the quarter, with Kingsoft Cloud and WPS Office enjoying a good performance. Due to the unfavorable environment of China's game market at present, the performance of our existing games has been under pressure this year."

    Mr. Tao ZOU, Chief Executive Officer of Kingsoft, added, "Our revenue was RMB1,537.7 million in the third quarter, up 18% year-on-year and 14% quarter-on-quarter, showing the stable financial performance of the Company. In the third quarter, the Kingsoft Cloud and office software and services and others businesses continued to deliver healthy growth, up 68% and 29% year-on-year, respectively."

    BUSINESS REVIEW
    Online Games
    Revenue from the online games business for the third quarter of 2018 increased 17% quarter-on-quarter to RMB678.3 million. The quarter-on-quarter increase was mainly due to the revenue contribution of JX World II mobile game, which was launched on the iOS platform in July 2018.

    In the third quarter, the Company made good progress in its brand development. On 28 August, the Company celebrated the 9th anniversary of JX Online III at the National Aquatics Centre in Beijing, attracting a record number of viewers. The new expansion pack released in July for the JX Online I mobile game continued to attract players' attention and kept the vitality of the game. The new comedy animation JX Online III: Chivalrous Shen Jianxin was a popular release. On 28 September, JX Online III presented the designs and exquisite details of its costumes at Paris Fashion Week 2018, which showcased the beauty of contemporary Chinese style to the world. The Company's first theatrical play JX Online III: Live Fantasy was staged in Chengdu in October 2018. On 7 November, the Legend of Sword and Fairy 4 was officially released. The game is expected to further diversify the Company's mobile game portfolio and bring new experiences to users. JX Online II mobile game will be launched in spring 2019.

    Cloud Services
    Revenue from the cloud services for the third quarter of 2018 recorded rapid growth, increasing 68% year-on-year and 29% quarter-on-quarter to RMB603.3 million. The customer usage from mobile video and internet sectors increased steadily. During the quarter, Kingsoft Cloud targeted the enterprise client market and made a number of breakthroughs. It provided enterprise clients with comprehensive cloud-based industry solutions by integrating innovative technologies such as big data, artificial intelligence (AI), blockchain and the Internet of Things (IoT) to meet their needs.

    In the third quarter, in addition to the growing businesses of all-cloud services among key video cloud clients, Kingsoft Cloud was able to make progress in government, finance, healthcare, manufacturing and Internet of Vehicles sectors. Kingsoft Cloud won the bid for the Beijing E-Government Cloud Phase III project and began to establish the Zaixiantong project, a one-stop government service platform. Kingsoft Cloud also signed service contracts or advanced cooperation with Huatai Securities, Xiantao city, An Steel and Great Wall Motor. In Xiantao city, Kingsoft Cloud's smart healthcare project was launched. Jinggang Cloud, the industrial cloud platform jointly built by An Steel and Kingsoft Cloud, also went online. Kingsoft Cloud cooperated with Great Wall Motor to advance the Internet of Vehicles project. Looking forward, Kingsoft Cloud will continue to expand its market share of the all-cloud services, extend its ecosystem to the enterprise-level market and support overseas expansion of its clients.

    Office Software and Services and Others
    Revenue from the office software and services and others for the third quarter of 2018 increased 29% year-on-year to RMB256.1 million. The rapid growth was mainly driven by the value-added services of WPS Office personal edition.

    WPS Office continued its steady growth during the quarter. Benefiting from user-friendly features and high-quality content, the number of paid members increased rapidly, along with the membership value-added services. WPS Office won a number of bids to provide office software products and services to government departments in the quarter. WPS Office now provides the secure edition of WPS Drive to the Ministry of Justice, facilitating its use of all WPS Office products on the cloud. WPS Office also became the exclusive office software provider on the procurement platform of the State Administration of Taxation and completed the adaptive binding on the taxation office platform. The Company continued to invest in R&D in the third quarter, advancing the practical application of AI. The smart writing robot program of WPS Office was among the first batch of national AI innovation projects. With persistent efforts to drive innovations in its technology and rich professional experience of the industry, WPS Office chaired the Smart Writing Industry Alliance in China. In the future, the Company will increasingly apply AI technology in its products and services and add more AI-based solutions in its portfolio.

    Mr. Jun LEI concluded, "Our operation remained generally stable with good momentum for growth in the third quarter. Faced with some unfavorable factors, our overall profitability might be under a bit of pressure during the remainder of the year. Looking ahead, while continuing to push forward with steady operation, we will focus on bringing the advantages of our integrated cloud services and office software business into play. With the debut of our flagship mobile games next year and the continuing growth and development of Kingsoft Cloud and WPS Office, we believe the overall performance will improve in 2019."

    About Kingsoft Corporation Limited
    Kingsoft is a leading software and Internet services company based in China listed on the stock exchange of Hong Kong. It has three subsidiaries including Seasun, Kingsoft Cloud and Kingsoft Office. Following the implementation of its "mobile internet transformation" strategy, Kingsoft has completed the comprehensive transformation of its overall business and management models and formed a strategic platform with interactive entertainment and office software as the pillars and cloud computing as the new growth driver and source. The Company has over 6,000 staff around the world. It has set up R&D centers and offices in Beijing, Zhuhai, Wuhan, Chengdu, Dalian, Guangzhou and Hong Kong and enjoys a large market share in various countries and regions both home and abroad. For more information, please visit http://www.kingsoft.com.

    Kingsoft Investor Relations:
    Francie Lu Tel: (86) 10 6292 7777 Email: ir@kingsoft.com

    For further queries, please contact Hill+Knowlton Strategies Asia:
    Sophie Liu Tel: (852) 2894 6318 Email: kingsoft@hkstrategies.com



     
    Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

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    Toyota City, Japan, Nov 12, 2018 - (JCN Newswire) - TOYOTA GAZOO Racing is determined to end the year on a high with another one-two victory in this weekend's 6 Hours of Shanghai to extend its World Championship lead.

    The eight-round 2018-19 FIA World Endurance Championship (WEC) runs from this May to next June so the Chinese event, held at the 5.451km Shanghai International Circuit, marks not only the start of the second half of the season, but also the final round of this calendar year.

    TOYOTA GAZOO Racing travels to Shanghai in a positive and determined mood following its impressive one-two victory in the 6 Hours of Fuji on home ground in Japan last month, which established a 14-point lead in the teams' World Championship over nearest rivals Rebellion Racing.

    The drivers' World Championship is currently a fight between the two TOYOTA GAZOO Racing crews after Mike Conway, Kamui Kobayashi and Jose Maria Lopez in the #7 TS050 HYBRID rejuvenated their title challenge with their first win of the season at Fuji.

    However with two wins from four races, including the Le Mans 24 Hours, Sebastien Buemi, Kazuki Nakajima and Fernando Alonso in the #8 TS050 HYBRID are leading the standings by 13 points ahead of what promises to be another close and exciting fight between the two TOYOTAs.

    The team has a strong record in China having won on three of its previous six visits to the Shanghai International Circuit, located around 40km from the city centre.

    To prepare its challenge for a repeat victory, and a seventh win from the last eight WEC races, the team will begin optimising its 1,000hp, four-wheel drive TS050 HYBRID race cars during two 90-minute practice sessions on Friday. Qualifying takes place on Saturday while the race begins at 11am local time on Sunday.

    Hisatake Murata, Team President
    "We have been working hard over the past few weeks to prepare for the 6 Hours of Shanghai. Although our cars have shown strong performance in the first four races of this season, we know that any mistake or technical issue can have a big effect on the World Championship fight so we are well prepared. Shanghai is also the beginning of the second half of this season; it is a restart of our effort, with Le Mans 2019 as our target. This means we will continuously look for weaknesses and solutions so that we return to Le Mans as a stronger, more effective team. The road to Le Mans 2019 starts now."

    Mike Conway (TS050 HYBRID #7)
    "It's hard to believe we are only now reaching the second half of the season but this means there are a lot of trophies and points still to fight for. Kamui, Jose and myself enjoyed the winning feeling at Fuji so we'd love to experience that again, but the main target is to get another one-two for the team who are always pushing so hard to give us a strong car."

    Kamui Kobayashi (TS050 HYBRID #7)
    "After our victory at Fuji, I am really excited about the Shanghai race. Our car has generally gone well there in the past so I expect us to be strong again, but we saw in Fuji that the non-hybrid cars are able to set competitive lap times so we cannot afford any mistakes. It was great to get our first win of the season in Fuji; I hope we can fight for another victory in China."

    Jose Maria Lopez (TS050 HYBRID #7)
    "This will be my second time to race in Shanghai in WEC and I'm looking forward to the weekend. Shanghai is an interesting track that isn't easy with the traffic; you can lose a lot of time but it's also important not to take risks. It should be another interesting battle with the #8 guys, plus we don't know how quick the non-hybrid cars will be so it could be an exciting race."

    Sebastien Buemi (TS050 HYBRID #8)
    "I am looking forward to Shanghai. We had a strong one-two for TOYOTA at Fuji so we want to fight for the win again in Shanghai to increase our lead in the World Championship. Shanghai has been a good circuit for me in the past in both WEC and Formula 1. It's a long circuit with lots of flowing corners which I'm sure will suit our car quite well."

    Kazuki Nakajima (TS050 HYBRID #8)
    "Shanghai is a tricky track, particularly with traffic. The lay-out of the circuit means you can lose quite some time behind the slower cars and offline there are a lot of marbles. There will be plenty of things happening I'm sure so it should be an exciting race. We need to keep our heads down and push to secure first and second as we did in Fuji."

    Fernando Alonso (TS050 HYBRID #8)
    "Shanghai will be another interesting race I think, so I am looking forward to it. We're in a good position in the World Championship fight thanks to the hard work of everyone in the team but our target is to extend that lead in Shanghai. It will not be easy, as always, but we will be pushing for another one-two for a perfect start to the second half of this season."

    About Toyota Motor Corporation

    Toyota Motor Corporation (TMC) is the global mobility company that introduced the Prius hybrid-electric car in 1997 and the first mass-produced fuel cell sedan, Mirai, in 2014. Headquartered in Toyota City, Japan, Toyota has been making cars since 1937. Today, Toyota proudly employs 370,000 employees in communities around the world. Together, they build around 10 million vehicles per year in 29 countries, from mainstream cars and premium vehicles to mini-vehicles and commercial trucks, and sell them in more than 170 countries under the brands Toyota, Lexus, Daihatsu and Hino. For more information, please visit www.toyota-global.com.

    Contact:
    Public Affairs Division Global Communications Department Toyota Motor Corporation Tel: +81-3-3817-9926

    Copyright 2018 JCN Newswire. All rights reserved. www.jcnnewswire.com

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    Ms. Amy Luk (centre), Investment and Investor Relations Director of Champion REIT, receives an honour at the "2018 Best Annual Reports Awards" organised by The Hong Kong Management Association
    Ms. Ada Wong (right), Chief Executive Officer of Champion REIT, receives the "Listed Company Award of Excellence 2018 "Main Board - Large Cap" organised by Hong Kong Economic Journal
    Ms. Ada Wong (left) is recognised at the "Listed Enterprises of the Year 2018" organised by Bloomberg Businessweek/Chinese Edition
    HONG KONG, Nov 12, 2018 - (ACN Newswire) - Champion Real Estate Investment Trust ("Champion REIT") (Stock Code: 2778), owner of Three Garden Road and Langham Place, has garnered three accolades for its efforts in corporate governance, social responsibility and investor relations within a week. The honors once again demonstrate Champion REIT's longstanding commitment to upholding corporate governance and the highest standards of excellence.

    Champion REIT has received the following awards:
    - The Hong Kong Management Association - "Best Annual Reports Award 2018"
    - Hong Kong Economic Journal - "Listed Company Awards of Excellence 2018" (Main Board Large Cap)
    - Bloomberg Businessweek/Chinese Edition - "Listed Enterprise of the Year 2018"

    Ms. Ada Wong, Chief Executive Officer of Champion REIT said, "These accolades are definitely a testimonial of Champion REIT's solid business growth and sound corporate governance, and this greatly encourage all of our employees. From this position of strength, we will continue to strive our utmost in our business and to raise the corporate transparency and long-term value for our unitholders and investors."

    HKMA "Best Annual Reports Award 2018"
    Bearing the theme of "Experience Inspiration Growth", Champion REIT's annual report has pioneered to collaborate with Rob Sketcherman, an artist renowned for his expertise in using an iPad to vividly present urban scenes and lifelike drawings. In showcasing the Trust's most iconic buildings and the successful business executives and discerning young individuals, the report has brought to life Champion REIT's relentless pursuit of top quality asset management.

    HKEJ "Listed Company Awards of Excellence 2018"
    This award not only intends to honor the listed companies with outstanding performances for their efforts in the past year, but also aims to become a valuable reference indicator for investors to obtain market information.

    Bloomberg "Listed Enterprises of the Year 2018"
    Outstanding enterprises are selected based on Bloomberg Terminal's analysis and the assessment by the judging panel. Selection criteria include investor relations, corporate social responsibility, sustainable development, corporate governance, innovation and reform, corporate strategy and risk management.

    About Champion REIT (Stock Code: 2778)
    Champion Real Estate Investment Trust is a trust formed to own and invest in income producing office and retail properties. The Trust focuses on Grade-A commercial properties in prime locations. It currently offers investors direct exposure to 2.93 million sq. ft. of prime office and retail properties by way of two landmark properties, Three Garden Road and Langham Place, one on each side of the Victoria Harbour.
    Website: www.championreit.com

    For press enquiries
    Strategic Financial Relations Limited
    Vicky Lee Tel: 2864 4834 Email: vicky.lee@sprg.com.hk
    Christina Cheuk Tel: 2114 4979 Email: christina.cheuk@sprg.com.hk
    Corinne Ho Tel: 2114 4911 Email: corinne.ho@sprg.com.hk
    Website: www.sprg.com.hk


     
    Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

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    Experts share their insights about the latest trends in the wine industry at the Wine Industry Conference, on the theme: "Driving Growth: The Flourishing Asia Wine Market"
    Wine Industry Conference Examines Region's Meteoric Rise

    HONG KONG, Nov 12, 2018 - (ACN Newswire) - Leading wine industry veterans and expert analysts shared their insights on Asia's meteoric rise to prominence in driving global growth at the Wine Industry Conference, last Thursday, 8 Nov, held as part of the Hong Kong International Wine & Spirits Fair at the Hong Kong Convention and Exhibition Centre (HKCEC).

    Organised by the Hong Kong Trade Development Council (HKTDC), the conference examined key trends from e-commerce and "premiumisation", to the persisting threat of counterfeiting, on the theme: "Driving Growth: The Flourishing Asia Wine Market".

    Moderated by Hong Kong-based Master of Wine Debra Meiburg, Founding Director of MWM Wine School, the event featured Hianyang Chan, a Consultant with Euromonitor International; Master of Wine Sarah Heller; Cynthia Yang, Senior Manager of the mainland's biggest B2C wine retailer, JD.COM; Marcus Ford, a 20-year veteran of the Chinese mainland's wine industry, now Asia Market Manager for Wines of South Africa; internationally renowned counterfeit expert David Wainwright; and David Gaudinat, CEO of Champagne Gaudinat Bolvin.

    Millennials Coming of Age

    Opening the conference, Euromonitor's Mr Chan presented key trends and consumer preferences, noting that while soaring demand for wine in the Asia Pacific region had been led by the Chinese mainland, along with Japan, Korea and Australia, new markets such as India, Thailand, Indonesia are also powering growth. "A rising middle and affluent class is driving trends and demand," Mr Chan said. In an era of smartphones and social media, "millennials are coming of age, overtaking baby boomers and Generation X in purchasing power".

    Now in their 30s, this generation is keen to discover new wines and varieties beyond traditional demand dominated by red wine - with cans, wine on tap, blends and digital marketing all key to reaching the "craft generation". Affordability is also important in targeting this group: "This new age of consumers is interested in fine wine but not high prices," he said.

    Entertainment Wins over New Generation

    Asia's youngest Master of Wine, Ms Heller, well-known for her educational wine videos and as a wine judge, writer and content creator, opened a review of e-commerce trends, recounting her in-depth study of how e-tailing and millennials are powering the Chinese mainland's phenomenal growth. Online sales are "immense" and growing fast, she said.

    While precise figures are impossible to establish, she estimates they already account for around 10-15% of the market. But China is somewhat unique in the online market, given that e-retailing of alcohol is banned in markets including Taiwan, South Korea and India, and is not nearly so prominent in Hong Kong and elsewhere in Asia.

    However, as a millennial herself at just 30 years old, Ms Heller said social media is playing a major role in influencing the emerging generation of wine enthusiasts. In response, leading brands are producing their own online platforms, and "great storytelling is the next stage" in reaching this younger audience, "bringing the tasting room onto the Internet". Key influencers such as the mainland's "Lady Penguin" are driving the trend, making wine more entertaining than academic. "Young consumers don't want to need a Master's degree to enjoy a product," added Ms Heller.

    At the Forefront of E-tailing

    Continuing the e-commerce theme, Ms Yang outlined JD.COM's ambition to the "biggest global wine retailer". The leading online marketplace in the Chinese mainland for higher-end goods has built its reputation on "quality, reputation and elegance", including delivery by smart white-gloved "butlers".

    This same quality-conscious concept is now being applied to its wine business, representing around 8,000 brands and 2,000 suppliers and merchants, and directly importing from 18 countries worldwide. Helped by its "zero counterfeit" guarantee, the formula has proved a roaring success. JD has soared to prominence as the mainland's biggest alcohol products retailer - and third-biggest globally - with sales of 50 million bottles.

    JD is also at the forefront of social media "storytelling"; on some brands, customers can simply scan an app on a wine label and view a video explaining the wine. JD's "smart market place" extends to intelligent shopping carts and payment - with its peerless logistics network even extending to drone delivery in permitted areas.

    Trending up: More Sophisticated Consumers on Chinese Mainland

    Hong Kong-born Mr Ford, who has been involved in the mainland's wine industry for 20 years - from working for leading Shanghai restaurant M on the Bund to establishing one of the first premium wine retailers, Pudao Wines - introduced his presentation on the premiumisation of the market, reflecting on the evolution of wine's popularity, which started by the drink being promoted as good for health and heart. This was "critical" to China's entry to the world wine stage and the "first spike", he said.

    The mainland has since embraced wine in more ways than one, he noted. Viticulture has simultaneously exploded, and the country has become the world's second-largest wine producer. Not widely appreciated is that 80% of wines consumed in the country are in fact produced domestically. "The vast majority of wine in China is red and produced in China," he said.

    At the same time, growth in imports has also been "astonishing" - from 200,000 cases in 2002 to 60,000 million cases this year. As the market comes of age, Mr Ford also noted a trend towards premiumisation, especially in the last 12 months, with "steep growth in the average price per bottle" - as high as 45% in some cases. China simply doesn't produce wine of sufficient quality to meet demand from "more aspirational consumers", he said.

    "The market historically started buying for health, now we are seeing growth in demand for quality. The market is becoming more sophisticated." He believes the industry needs to get the message across that wine is not just healthy, but a special source of enjoyment from a special place. "All these stories can be told better," said Mr Ford.

    Too Good to Be True

    Mr Wainwright, a counterfeit expert and Director of Wainwright Advisors, cautioned that fake wine remains a threat to the Asian market - but primarily to high-end collectors and consumers with big budgets. While the great magnums and iconic wines of the last century "don't exist today", he advised buyers to beware of apparently great deals on younger classics, in particular rare Bordeaux, Burgundy and Champagne headliners.

    "If it sounds too good to be true, it usually is," he said. Quality of counterfeiting is "so extremely high you need 50-times magnification to tell the difference". Expert counterfeiting rings are operating especially in northern Europe, Russia and Italy, and among the prized Grand Crux targeted are Romanee-Conti, Jayer and Petrus.

    "And it's not just old and rare wines any more, but current releases of high value," he warned. "A lot of people simply don't ask questions." He added that online purchasing is "asking for trouble" and anything of high value "needs to go under the radar". Websites with no names, addresses, phone numbers or business registration should be red flags to consumers.

    Great single malt whiskies are another "massive growth" target for fakery, especially given the recent soaring value - and most notably old Macallan, Bowmore, Laphroaig and Japanese classics such as the Hanyu Card Series and Karuizawa. "Anything of high value needs extremely careful scrutiny, verification of provenance and preferably professional advice," Mr Wainwright said.

    The "Greening" of Champagne

    Mr Gaudinat, CEO of Champagne Gaudinat Bolvin, closed the presentations with an update on the flourishing trend for "green wine" production, specifically in his native Champagne. Anyone who wondered if Champagne bottles feel a little lighter is correct, he said. Amid the bubbly region's push for sustainable viticulture, the weight of bottles has been reduced by 7% from 900g to 835g. Carbon dioxide (CO2) emissions are being drastically reduced on packaging and delivery vehicles, and Champagne is the largest region in France pioneering insect mating disruption, making traditional insecticide treatment redundant. Champagne has led the trend for organic wine for more than 35 years and is currently aiming to be "100% environmentally friendly".

    Fair Website: www.hktdc.com/hkwinefair
    Photo download: https://bit.ly/2PqraTm

    About HKTDC

    Established in 1966, the Hong Kong Trade Development Council (HKTDC) is a statutory body dedicated to creating opportunities for Hong Kong's businesses. With 50 offices globally, including 13 on the Chinese mainland, the HKTDC promotes Hong Kong as a platform for doing business with China, Asia and the world. With more than 50 years of experience, the HKTDC organises international exhibitions, conferences and business missions to provide companies, particularly SMEs, with business opportunities on the mainland and in international markets, while providing business insights and information via trade publications, research reports and digital channels including the media room. For more information, please visit: www.hktdc.com/aboutus. Follow us on Google+, Twitter@hktdc, LinkedIn.

    Contact:
    Katherine Chan, Tel: +852 2584 4537, Email: katherine.cm.chan@hktdc.org Iris Chow, Tel: +852 2584 4241, Email: iris.cc.chow@hktdc.org

    Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

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    Further Penetrates its Key Markets and Bolsters Market Position

    HONG KONG, Nov 12, 2018 - (ACN Newswire) - Winson Holdings Hong Kong Limited ("Winson" or the "Group"; stock code: 8421), a Hong Kong-based service provider specialising in environmental hygiene and related services and airline catering support services, has announced its unaudited interim results for the six months ended 30 September 2018 ("Period under Review").

    During the Period under Review, the environmental hygiene and related services and airline catering support services, two principal businesses of the Group, performed steadily. For the Period under Review, the two businesses generated revenue of approximately HK$264.7 million in total, representing a period-on-period increase of approximately 6.6%. Gross profit increased modestly to approximately HK$38.2 million, while profit declined to approximately HK$9.7 million (for the six months ended 30 September 2017: approximately HK$11.7 million), primarily due to a rise in labour and operating costs. The Group continues to be in a healthy financial position, with cash and cash equivalents of approximately HK$41.7 million as at 30 September 2018.

    The Group has won new tenders and extended contracts with its trusted clients by capitalising on its experience, know-how and stature in environmental hygiene and related services and airline catering support services. As at 30 September 2018, the total value of renewed contracts held by the Group amounted to approximately HK$254.4 million, while the total value of new contracts awarded was approximately HK$60.9 million, representing increases of approximately 69.7% and 202.2% respectively over the same period last year.

    Business Review

    Environmental Hygiene and Related Services
    The environmental hygiene and related services segment continued to underpin the Group's revenue growth. Despite keen market competition, the business contributed revenue of approximately HK$244.3 million (for the six months ended 30 September 2017: approximately HK$228.0 million), accounting for approximately 92.3% of the Group's total revenue (for the six months ended 30 September 2017: approximately 91.9%). Gross profit rose modestly to approximately HK$35.9 million (for the six months ended 30 September 2017: approximately HK$35.1 million), while gross profit margin slipped to approximately 14.7% (for the six months ended 30 September 2017: approximately 15.4%), a reflection of the gradual increase in cost of services.

    As at 30 September 2018, the total value of contracts held by the Group pertaining to environmental hygiene and related services was approximately HK$1.04 billion, of which approximately HK$646.5 million was ongoing contracts. The Group won six new contracts during the Period under Review, valued at approximately HK$60.9 million in total. Among the contracts that have commenced, including the Shatin Racecourse and Penfold Park (began in September 2018), and various MTR administration buildings in Hong Kong (began in August 2018).

    Airline Catering Support Services
    The airline catering support services business continued to provide a stable source of supplemental income to the Group. For the six months ended 30 September 2018, this business segment generated approximately HK$20.3 million in revenue (for the six months ended 30 September 2017: approximately HK$20.2 million), thereby accounting for approximately 7.7% of total revenue (for the six months ended 30 September 2017: approximately 8.1%). Despite an ongoing shortage of labour that has driven associated costs upwards, the Group has been able to effectively manage its workforce through appealing remuneration and recruitment campaigns as well as cost control measures. As a consequence, both gross profit and gross profit margin have remained relatively stable at approximately HK$2.3 million and 11.2% respectively (for the six months ended 30 September 2017: approximately HK$2.3 million and 11.4%).

    Prospects

    Despite the global economy has been affected by the rising trade tensions between China and the United States of America, the momentum for environmental hygiene and related services and airline catering support services is expected to remain stable in the near future. At the same time, the rising cost of labour will continue to be of concern to all companies that are highly reliant on skilled labour. This trend is expected to persist as the working population further declines in the coming years, falling to 54.6% by 2064 according to findings by the Census and Statistics Department. To meet this challenge, the Group will continue to strengthen and examine the strategies on remuneration and recruitment programmes to retain skilled workers while attracting new talent to the fold. Furthermore, it will adopt technologies that can help increase efficiency and improve the working conditions of staff.

    Madam Ng Sing Mui, Chairperson and Executive Director of Winson, said, "To maintain revenue growth, the Group will continue to nurture ties with its trusted and long-time customers in both the environmental hygiene and related services and airline catering support services segments. It will also explore opportunities to work with clients, existing and new, in areas outside of the Group's core businesses and which can lead to mutually beneficial outcomes. In this way, the Group will not only be able to enhance its business performance, but also strengthen its stature over the long term."

    About Winson Holdings Hong Kong Limited (Stock code: 8421)
    Winson Holdings Hong Kong Limited is a Hong Kong-based service provider specialising in environmental hygiene and related services and airline catering support services in Hong Kong. The Group started off as an environmental hygiene and related service provider in 1983 via the incorporation of Winson Cleaning. In 1993, the Group set up Winson Pest Control as a separate pest management service provider. To diversify the Group's business, the Group has commenced the provision of airline catering support services since 2013.

    For media enquiries, please contact:
    Strategic Financial Relations Limited
    Vicky Lee Tel: (852) 2864 4834 Email: vicky.lee@sprg.com.hk
    Jacky Chiu Tel: (852) 2114 4313 Email: jacky.chiu@sprg.com.hk
    Emma Zhong Tel: (852) 2864 4858 Email: emma.zhong@sprg.com.hk

    Website: www.sprg.com.hk


     
    Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

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    Chairman of the board of directors of Ruyi Fashion Holding Group, SMCP S.A., Renown Incorporated and Trinity Group, QIU Yafu gave an opening keynote at the annual New York Times International Luxury Conference in Hong Kong.
    HONG KONG, Nov 12, 2018 - (ACN Newswire) - Chairman of the board of directors of Ruyi Fashion Holding Group, SMCP S.A., Renown Incorporated and Trinity Group, QIU Yafu gave an opening keynote at the annual New York Times International Luxury Conference in Hong Kong.

    In his speech, Qiu Yafu added a unique and forward-thinking perspective to broaden the theme of the conference 'What's next in the new luxury world (Dis)Order'. Qiu Yafu said: "The future fashion ecosystem will be a big-data enabled new ecosystem with the customer in the centre, as the demand from younger consumers becoming personalised. Luxury fashion will become seasonless as consumers expect deeper levels of customisation, originality, socialisation, sharing, and collaboration between brands. Apart from improving the end-to-end value chain, leverage new technologies such as the IOT and big data to interact with consumers is the key."

    He added: "Globalisation has shaped a highly connected world in which companies should achieve open collaborations via global resources integration. Through cooperation with various business partners worldwide, Ruyi Fashion Holding Group has transformed from a China-based textile manufacturing company to a global organisation with businesses in technology-based advanced manufacturing and fashion brand retail."

    Attended by top C.E.O.s, policy makers, entrepreneurs, celebrities and thought leaders from the industry, topics of the event range from how decision makers in luxury enterprises are facing challenges that continue to transform their industry - from constant technological evolution to a dramatic shift in the retail world, to what's next for China, India and the West to the pervasive demand for transparency and moral equity.

    Founded in 1972, Ruyi is China's leading textile manufacturer. Over the last few years the company has become well-known as an integrated whole industrial chain fashion group whose list of portfolio brands reaches all corners of the luxury fashion world. At present, Ruyi is the owner of three global fashion brand enterprises namely SMCP of France, RENOWN of Japan, Trinity Group of Hong Kong and has owned more than 20 international brands such as Sandro, Maje, Claudie Pierlot, Aquascutum, CERRUTI1881, GIEVES&HAWKES, KENT&CURWEN, etc, and stores are spread over 81 countries and regions and reaching almost 6,000 stores in total.

    About Ruyi
    Ruyi tops its peers in China's textile and apparel industry in overall competitiveness and it is also a world-famous accessible luxury brand group. Since it was founded 46 years ago, Ruyi has been committed to building a textile and apparel industrial chain guided by its "high-end, scientific, brand-oriented, and internationalization" strategy. Currently, the Group leads the world in fabric technology and intelligent manufacturing and owns the most comprehensive textile and apparel industrial chain in the global luxury product industry. In recent years, Ruyi has, through acquisitions followed by integration of the resources acquired, brought under its name more than 20 international fashion brands from France, the UK, Japan, etc. The Group also owns listed companies including Euronext Paris-listed SMCP, Renown Incorporated listed on the main board of Tokyo Stock Exchange and Trinity Group listed in Hong Kong. To date, the Group has close to 6,000 shops operating in 81 countries and regions, making it one of the most influential Chinese companies in the global fashion world.

    Press Contact
    Strategic Financial Relations Limited
    Veron Ng +852 2864 4831 veron.ng@sprg.com.hk
    Stephanie Liu +852 2864 4852 stephanie.liu@sprg.com.hk


     
    Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

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    Net Profit Substantially Increased by 1,348.3% to HK$39.1 million

    HONG KONG, Nov 13, 2018 - (ACN Newswire) - Zhonghua Gas Holdings Limited (the "Company"; Stock Code: 8246) together with its subsidiaries (collective namely the "Group") today announces that the third quarter results for the nine months ended 30 September 2018 ("the Current Period"). Revenue of the Group for the Current Period amounted to HK$225.5 million, representing a leap of 75.8% from HK$132.8 million for the Corresponding Period last year. Net profit and total comprehensive income attributable to the owners of the Company recorded a sharp increased by 1,348.3% to HK$39.1 million for the Current Period from HK$2.8 million for the Corresponding Period. Both the increase of revenue and net profit were mainly caused by strong results contribution from its New energy business during the Current Period. Basic and diluted earnings per share for the Current Period was 1.11 HK cents and 1.10 HK cents respectively, as compared to both 0.08 HK cent in the Corresponding Period.

    Throughout three years, the Group successfully rolls out its development and expansion of the New energy business through organic growth and acquisition. During the Current Period, the company name was changed to "Zhonghua Gas Holdings Limited" and adopt "Zhonghua Gas Holdings Limited" as the new dual foreign name of the Company, to reflect the intention and determination of the Group to focus on developing the New energy business. The Group will ride on the strong foothold in Tianjin, the People's Republic of China (the "PRC") to expand the market footprint into the whole of the PRC, even extend to the Greater China Region.

    In April 2018, the Group entered into a memorandum of understanding with Tractebel Engineering S.A. ("Tractebel") and Tianjin Jinre Heat-Supply Group Co. Ltd ("Jinre Group") for the possible cooperation in the areas of technological and infrastructure related business of the New energy industry. The cooperation was expected to submit a feasible proposal to relevant government agencies in Tianjin on or before 30 September 2018 and the Group signed a supplementary agreement to extend the date to 30 March 2019. It is always the Group's intention to empower itself to expand its business scopes, lift its industry standard as well as improve its service quality through fostering cooperation with both international and domestic resourceful industry players. Therefore, it will continue to seek cooperation with Tractebel and also will reach out to partner with high caliber industry peers to cooperate in different areas of business.

    Looking ahead, the Group believes that the government's strong commitment in New Energy state policy will present enormous development opportunities and lay solid foundation for sustainable growth for its New energy business. Group intends to extend its business scopes to develop the supply of liquefied natural gas ("LNG") business, following it obtained a dangerous chemicals business operation license in August this year, the Group maps out execution plans of speeding up to extend its business scopes to develop the supply of LNG via working with LNG suppliers (including overseas suppliers) and has set up a subsidiary to kick off the business. At present, the Group is applying for Gas Business Operation License and prior to obtaining the license, the Group is entitled to rental income and management fee from leasing of the LNG storage tanks and gasification devices from the co-operation partners during the statutory heat supply period in the PRC. The management is working hard to strengthen the team capability and engage suitable and possible cooperation in different areas in order to achieve a more diversified business scope and services, and ultimately develop into a leading diversified and integrated new energy service provider in the Greater China Region.

    Regarding the Catering business, the Group will continue to strive to optimize operational efficiency with the implementation of different effective strategies through continuous business integration, in a hope of developing the business steadily. As for property investment, the Group will keep a close eye on any possible premium projects in order to secure long term stable rental income to bring additional income to the Group.

    Zhonghua Gas Holdings Limited
    Zhonghua Gas Holdings Limited is principally engaged in provision of diverse integrated new energy services including technological development, construction and consultancy services in relation to heat supply and coal-to-natural gas conversion, operation of liquefied natural gas stations, coupled with trading of new energy related industrial products. The Group is also involved in the operation of restaurants and trading of non-staple food; as well as engaged in the property investment business.

    Media Contacts:
    Angel Yeung
    Jovian Communications Ltd
    Tel: +852 2581 0168
    Email: news@joviancomm.com


     
    Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

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    - Refurbishment Involves Seven M501F Gas Turbines at Nanpu and Datan Power Plants -

    - Generation capacities of 250 MW (1 unit) and 1,400 MW (6 units)
    - Project to be completed in August 2019
    - Upgrade to new combustors and improved turbine blades, combined with adoption of "MHPS-TOMONI"

    TOKYO, Nov 13, 2018 - (JCN Newswire) - Mitsubishi Hitachi Power Systems, Ltd. (MHPS) has received a full-turnkey order from Taiwan Power Company (Taipower), a publicly owned electric power provider in Taiwan, for refurbishment of equipment at two thermal power plants: the Nanpu Power Plant in Kaohsiung and Datan Power Plant in Taoyuan. The order calls for low-NOx (nitrogen oxides) combustor and performance enhancement of seven M501F gas turbines previously delivered by MHPS to Taipower, as well as supply of spare components. Support will also be provided through introduction of "MHPS-TOMONI," MHPS' digital solutions service. The refurbishment is scheduled for completion in August 2019.

    The Nanpu and Datan power plants targeted for refurbishment are both natural-gas-fired plants incorporating gas turbine combined cycle (GTCC) power generation systems. The Nanpu plant has a single unit, delivered in 2003, with a generation capacity of approximately 250 megawatts (MW). The Datan plant has six units (two trains), delivered in 2005 (Stage-I), with a total generation capacity near 1,400 MW. Both plants have contributed significantly to Taiwan's power supply since going on-stream. The new project will be carried out jointly with Mitsubishi Corporation.

    Refurbishment at both plants will center on replacement of combustors to MHPS' new FMk8 model developed for low-NOx performance, which reduces NOx emissions about 60%. Performance enhancement will target increased generation capacity and higher efficiency mainly through upgrading of the turbine blades. At both plants, MHPS will be responsible for the design, manufacture, procurement, installation and test operation of the upgraded equipment.

    Power supply in Taiwan today is consistently tight, with supply unable to keep pace. Taiwan needs to increase its reserve margin, i.e. its excess power generation capacity beyond peak demand level, and hopes continue to be placed in gas-fired power generation. Simultaneously, however, measures for easing environmental loads are demanded, spurring calls for generation facilities of higher efficiency that emit low NOx levels. Against this backdrop, bidding to refurbish the Nanpu and Datan plants was fiercely competitive. Ultimately, Taipower selected MHPS in recognition of the company's low-NOx combustor technology, its performance enhancement solutions, and the reliability demonstrated by its previously delivered GTCC systems.

    Gaining momentum from the new order from Taipower, going forward MHPS will focus on proposing its low-NOx, performance-enhancing solutions to Taiwan's entire power industry, including independent power producers (IPPs). The company will devote its full resources to the successful completion of this new project as a litmus test for attracting expanded orders, and in the process MHPS will make robust contributions to providing stable power supplies in Taiwan and reducing environmental loads.

    About Mitsubishi Hitachi Power Systems, Ltd.

    Mitsubishi Hitachi Power Systems, Ltd. (MHPS) was formed on February 1 2014, integrating the thermal power generation systems businesses of Mitsubishi Heavy Industries, Ltd. (MHI) and Hitachi, Ltd. in a quest to further enhance their social response capabilities in all respects. These include the technological strength to create new products of outstanding quality and reliability, the comprehensive strength in engineering to oversee projects in regions across the globe, and finely honed sales and after-sale servicing capabilities. MHPS aims to come out a winner in global competition and achieve a solid position as a world leader in thermal power generation systems and environmental technologies. For more information, please visit www.mhps.com.

    Contact:
    Corporate Communication Department Mitsubishi Heavy Industries, Ltd. Email: mediacontact_global@mhi.co.jp Tel: +81-(0)3-6716-2168 Fax: +81-(0)3-6716-5860

    Copyright 2018 JCN Newswire. All rights reserved. www.jcnnewswire.com

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    Fabricio Medeiros, Optics Regional Manager, APAC, of global market research company GfK, shared insights into Asia's contact lens market at a seminar organised as part of the recent Hong Kong Optical Fair.
    Opportunities Abound in Retail Environment

    HONG KONG, Nov 13, 2018 - (ACN Newswire) - Although there are similarities between the Asian contact lens market and the American and European markets, there are some unique features in Asia that offer great opportunities for both producers and retailers of contact lenses. This insight was provided by Fabricio Medeiros, Optics Regional Manager, APAC, of global market research company GfK, along with other interesting data on what makes the Asian contact lens market unique in the global context.

    Mr Medeiros was speaking at a seminar organised as part of the Hong Kong Optical Fair, organised by the Hong Kong Trade Development Council (HKTDC), that ran at the Hong Kong Convention and Exhibition Centre from 7-9 Nov. GfK conducts market research in 80 countries and has 400,000 points of sale reporting information. The company covers optical products in 28 countries and territories including Japan, the Chinese mainland, South Korea, Taiwan, India, Malaysia and Singapore in Asia.

    Global Sales

    The global contact lens market was worth US$9.7 billion in the first eight months of 2018, said Mr Medeiros. Soft spherical lenses made up 61% of sales and soft toric lenses 21%. Sales of spherical lenses were up 4.8% year on year (YoY), while sales of soft toric lenses grew by 6.5%. Soft multi-focal lenses are a smaller market, but their YoY growth was also in the 6.5% range.

    The United States represents about 40% of the revenue generated in all 28 territories covered by GfK, while Asia accounts for 30%, Europe 27% and Latin America 2%. In terms of growth, however, Asia (excluding Japan) leads at 17% YoY, followed by Latin America (16.6%), the US (5.9%) and Europe (2.4%).

    Differences Between Asian and Western Markets

    There are clear differences between regions regarding the popularity of different lenses, said Mr Medeiros. The popularity of spherical lenses is roughly equal in different markets, accounting for 59% of the total in the US, 65% in Europe, 62% in Latin America and 64% in Asia. But there is a more noticeable difference when it comes to cosmetic (beauty) lenses. They make up only 3% of sales in the US and 2% in Europe, but 11% of sales in Latin America and 22% in Asia. Multifocal lenses, on the other hand, account for 11% of sales in the US and 10% in Europe, but only 3% in Asia and Latin America.

    Speciality and cosmetic lenses present a unique opportunity in Asia, Mr Medeiros explained, especially for local brands. Whereas local brands have only a 3% market share in the US and 5% in Europe, they enjoy a 27% market share in Asia.

    Daily disposable lenses are driving growth around the globe, he said, making up 72% of global sales, but there is room for growth in Asia where their share of revenue goes from a low of 14% in India to a high of 60% in South Korea. Silicon hydrogel lenses are growing faster (22% in the US, 22% in Europe and 26% in Asia). In the Asian market, silicon hydrogel lenses have a 46% market share in South Korea, 42% in Singapore, 31% in Japan and 23% in Taiwan. Traditional hydrogel lenses are experiencing slower growth (6% in the US, 2% in Europe and 6% in Asia).

    The average retail price may have a significant effect on the popularity of daily disposable lenses, according to Mr Medeiros. In Asia, the prices are highest on the Chinese mainland, followed by Singapore, India, Malaysia, South Korea, Japan and Taiwan. In Japan and Taiwan, daily lenses not only have the lowest prices, but also the largest market share. The lower prices encourage consumers to upgrade, he said.

    GfK also measures the percentage of fittings that result in purchases for different age groups. In South Korea, which Mr Medeiros suggested was a benchmark for other Asian markets for soft contact lenses, the under-20 age group had a 48% success rate. This dropped to 36% for the 21-25 age group, 35% for the 26-30 group, 31% for the 31-35 group, 26% for the 36-40 group and only 17% for the 41-plus group. He suggested that, "Cosmetic lenses were an important gateway in the category of younger users, providing companies with an opportunity to serve these new clients and lock in their custom."

    He showed a picture of a typical optician's shop in South Korea to demonstrate the country takes a different approach to selling lenses. Whereas in other countries the emphasis is on eye health and healthcare, in South Korea, the focus is on beauty and fashion. The number of eyecare shops in South Korea increased from 400 to 600 from 2017 to 2018, said Mr Medeiros, thanks to the increasing popularity of soft contact lenses and a lean business model that means only a small retail space and investment is required.

    Changing Demographics in Asia

    Mr Medeiros pointed out that changing demographics would affect the lens markets, particularly on the Chinese mainland and in Japan. Multifocal lenses make up 45% of the market in Japan, compared to only 1.4% in South Korea and 0.1% on the Chinese mainland. This is due to two factors: the ageing population in Japan, where 60% of the population is more than 40 years old, and the fact that people tend to stop wearing contact lenses after the age of 40 in South Korea.

    Mr Medeiros emphasised that the solution to the impact of an ageing population is to increase the age of the target population by five years. On the Chinese mainland, if contact lens use can be extended by five years the target population will be 30% larger by 2030. "The 35+ age group of contact lens users must be developed; multifocal lenses will come as a consequence of this, not the other way around," he said.

    Mr Medeiros summarised his talk by pointing out that daily lenses were driving category growth and generating repeat customers, and that Asia was a unique region with regard to cosmetic lenses - and must be treated as such. He re-emphasised the importance of increasing lens wearers' lifecycle. "The time spent on fitting brings results and leads to continuity of business. Consumers need a reason to keep returning," he concluded.

    Fair Website: http://hkopticalfair.hktdc.com
    Photo download: https://bit.ly/2PPCtnB

    About HKTDC

    Established in 1966, the Hong Kong Trade Development Council (HKTDC) is a statutory body dedicated to creating opportunities for Hong Kong's businesses. With 50 offices globally, including 13 on the Chinese mainland, the HKTDC promotes Hong Kong as a platform for doing business with China, Asia and the world. With more than 50 years of experience, the HKTDC organises international exhibitions, conferences and business missions to provide companies, particularly SMEs, with business opportunities on the mainland and in international markets, while providing business insights and information via trade publications, research reports and digital channels including the media room. For more information, please visit: www.hktdc.com/aboutus. Follow us on Google+, Twitter@hktdc, LinkedIn.

    Contact:
    Angel Leong, Tel: +852 2584 4298, Email: angel.lw.leong@hktdc.org Joshua Cheng, Tel: +852 2584 4395, Email: joshua.cp.cheng@hktdc.org

    Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

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    Lessons from the 2018 WARC Awards

    LONDON, Nov 13, 2018 - (ACN Newswire) - WARC, the global authority on advertising and media effectiveness, has today released its Effective Use of Brand Purpose Report 2018, outlining successful key trends when using brand purpose in marketing strategies.

    Based on an analysis of the winners of the Effective Use of Brand Purpose category of this year's international WARC Awards, a global search for next-generation marketing effectiveness, the report identifies common themes from marketing initiatives that have successfully embraced a brand purpose and achieved commercial success as well as a benefit for a wider community.

    Jury chair, Claudia Willvonseder, Chief Marketing Officer, IKEA, comments: "In 2018 so far, I have heard 'purpose' being discussed more often than 'positioning' in marketing circles. I expect that, in the future, this year will be seen as the tipping point when purpose went mainstream."

    She added: "Purpose, product and profit have a symbiotic relationship: they work together. There are more than enough studies now available that show how strong, purposeful brands enjoy positive results, not just in terms of profit, but also in terms of positive impact on the world."

    Following WARC's analysis of the metadata of the entries, together with an entrants' survey and contributions from the esteemed judging panel, four key themes have been identified around the Effective Use of Brand Purpose:

    Purpose needs participation

    Some of the top-performing initiatives were designed with people's participation in mind, including Grand Prix-winner Bodyform/Libresse, which increased its share of voice in the feminine hygiene sector through having its message amplified by a vocal community supporting the brand's boldness.

    Judge Jo Arden, chief Strategy Office, MullenLowe Group UK says: "The intersection of purpose and participation is a powerful one which has been under-explored. There is a new mood in purpose-driven communications which is more confident, committed and clear-sighted."

    Exercise caution with 'empowerment' campaigns

    While campaigns that endeavour to 'empower' women are undoubtedly prompted by the very best intentions, this route is now becoming well-trodden and differentiation is a challenge. Many judges agreed that female empowerment campaigns are now becoming so common that, in the words of Govind Pandey, CEO, TBWA\India: "Every brand is now trying to do something for women - they all blend into each other."

    Winning campaigns that took a more original approach included Microsoft's #MakeWhatsNext in STEM, a plea for US high-school girls to stick with STEM subjects, and Grand Prix-winner Bodyform/Libresse with its #bloodnormal campaign.

    Purpose that demonstrates dual impact

    Purpose marketing is still under attack from many quarters of the industry, so case studies that could demonstrate 'dual impact' - a clear commercial benefit as well as a societal benefit - are crucial in proving that brand purpose is a sustainable business strategy.


    "A purpose-led brand should benefit society in a way that is also of commercial benefit to the business," says judge Dan Izbicki, Founder, Ethos. Winning papers that demonstrated this dual impact included Heineken-owned beer Tecate in Mexico, which grew its brand value and substantially increased calls to an NGO helping victims of domestic abuse.

    TV is a popular channel choice for purpose

    The reach and capacity for emotion offered by TV is still crucial in establishing purposeful campaigns. As judge Jem Fawcus, Owner and Group CEO, Firefish comments: "purpose-led campaigns from brands including Guinness in the UK and Vaseline in the US used TV to pack an emotional punch and, incidentally, listed 'emotion' as their main creative strategy."

    While online video and social media played important supporting roles in the media mix, there was no denying that TV remains the preferred channel for brands looking to establish a purposeful position.

    A sample of WARC's Effective Use of Brand Purpose Report 2018 can be downloaded from https://content.warc.com/read-the-2018-effective-use-of-brand-purpose-report-lessons-from-the-warc-awards. The full report is available to WARC subscribers and includes chapter analysis with views and opinions from the judges, as well as summaries - objectives, insights, strategies, results and takeaways - of the winning case studies.

    Now in their third year, the WARC Awards 2019 are open for entries. The deadline for submissions is 19 February 2019. Free to enter, there is a $40,000 prize fund for the winning papers. View on https://www.warc.com/warcawards.prize for more information.

    About WARC

    - Your global authority on advertising and media effectiveness

    warc.com is an online service offering advertising best practice, evidence, insights and data from the world's leading brands. WARC helps clients grow their businesses by using proven approaches to maximise advertising effectiveness. WARC's clients include the world's largest advertising and media agencies, research companies, advertisers, market analysts and academics.

    WARC runs two global and two regional case study competitions: WARC Awards, WARC Media Awards, WARC Prize for Asian Strategy and WARC Prize for MENA Strategy.

    WARC publishes three global rankings of advertising excellence: Gunn 100 (creativity), WARC 100 (effectiveness), Gunn Media 100 (media innovation) and publishes leading journals including Admap, Market Leader, the Journal of Advertising Research and the International Journal of the Market Research Society. In addition to its own content, WARC features advertising case studies and best practices from more than 50 respected industry sources, including ARF, Effies, Cannes Lions, ESOMAR and IPA.

    Founded in 1985, WARC has offices in the UK, U.S. and Singapore. In June 2018 WARC was acquired by Ascential plc, the global specialist information company.

    Contact:
    Amanda Benfell PR Manager +44 20 7467 8125 amanda.benfell@warc.com

    Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

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    CLEVELAND, Ohio, Nov 13, 2018 - (ACN Newswire) - The Lubrizol Corporation announces it will exhibit at IDEA19 in Miami Beach March 25-28, 2019 in booth #640, showcasing several innovative polymer and additive technologies that enhance performance of specialty papers, textiles and nonwovens.

    - Flame retardant technologies for diverse applications will be a significant focus. New PVC, PUD, and non-halogenated, flame retardant polymers enable customers to design flame retardance into a broad range of applications. New Hycar(R) NHFR technology can eliminate the use of particulates and heavy metals from flame retardant coatings without the use of halogens.

    - New, renewable-sourced coating technologies that are formaldehyde-free and APEO-free will also be showcased. These technologies provide customers the ability to formulate sustainable solutions with no sacrifice in functional performance.

    - Aptalon(TM) polyamide polyurethane technology enables coating products to be designed for higher heat and abrasion resistance.

    Lubrizol's exhibit will also include a "How Can We Help?" desk, staffed with Lubrizol experts ready to discuss unique customer formulation requirements. Visitors will be able to challenge Lubrizol experts for polymer and additive solutions to their toughest problems in areas such as abrasion resistance, flame retardance, water resistance, olefin adhesion, moisture vapor transmission, chemical resistance, glass binding, tear resistance and more.

    "Lubrizol has developed some remarkable new coating technologies that are bringing higher levels of protection and performance for paper, textile and nonwoven applications," shares Gary Anderle, marketing manager, Lubrizol Performance Coatings. "We're excited to share our new product line-up with customers and collaborate with them to deliver differentiated products. These products stem from new technology platforms that will continue to evolve over the coming months and years."

    Come challenge Lubrizol experts at IDEA19 with your unique formulation and application demands, and let's work together on innovative solutions.

    Visit http://go.lubrizol.com/IDEA19 to explore more.

    About Lubrizol Performance Coatings

    Lubrizol is a market-driven innovator of specialty chemicals that solve today's challenges in the paints and coatings, printing and packaging, paper and textiles, plastics and composites, and digital print markets. More than just a supplier, we are a collaborator with extensive experience in surface protection, dispersion, adhesion, filtration and barrier properties that enables us to enhance the performance, simplicity, and sustainability benefits of our customers' products. With a commitment to collaboration, applied science, and demonstrated value, our team of experts is dedicated to exceeding customer expectations for both the simplest and toughest requirements. Count on Lubrizol to make the difference.

    About The Lubrizol Corporation

    The Lubrizol Corporation, a Berkshire Hathaway company, is a market-driven global company that combines complex, specialty chemicals to optimize the quality, performance and value of customers' products while reducing their environmental impact. It is a leader at combining market insights with chemistry and application capabilities to deliver valuable solutions to customers in the global transportation, industrial and consumer markets. Lubrizol improves lives by acting as an essential partner in our customers' success, delivering efficiency, reliability or wellness to their end users. Technologies include lubricant additives for engine oils, driveline and other transportation-related fluids, industrial lubricants, as well as additives for gasoline and diesel fuel. In addition, Lubrizol makes ingredients and additives for home care, personal care and skin care products and specialty materials encompassing polymer and coatings technologies, along with polymer-based pharmaceutical and medical device solutions.

    With headquarters in Wickliffe, Ohio, Lubrizol owns and operates manufacturing facilities in 17 countries, as well as sales and technical offices around the world. Founded in 1928, Lubrizol has approximately 8,700 employees worldwide. Revenues for 2017 were $6.3 billion. For more information, visit Lubrizol.com.

    Media Contact
    Mike Heil
    mike.heil@lubrizol.com
    Website: www.lubrizol.com

    ###

    This announcement is distributed by West Corporation on behalf of West Corporation clients.
    The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
    Source: Lubrizol via Globenewswire

     
    Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com

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