Thailand, once again revealing her full potential, has set to host VICTAM ASIA 2010 Fair, a world-class event for feed industry for both aquatic animals and pet animals, as well as cereal industry, said to be the largest in Southeast Asia and to be organized by VICTAM INTERNATIONAL, in cooperation with EXPOLINK GLOBAL NETWORK LTD. , following the country’s renown as the seat of all actions, as well as great success found in VICTAM ASIA 2008, the event that generated the spending accounting for Thai Baht 1 billion; not to mention the other two large-scale events, namely, “FIAAP ASIA” and “GRAPAS ASIA,” both to be held for the best value of all feedstuff’s superior quality between the third and the fifth of March 2010 at Queen Sirikit National Convention Center. Over Thai Baht 2 billion is expected to be spent in these events by more than 150 world-renowned international feedstuff manufacturing companies and proprietors, as well as more than 20,000 visitors from all over the world.
Henk van de Bunt, General Manager for VICTAM INTERNATIONAL BV,an international corporate organizer from the Netherlands specializing in feed industry, has revealed that the company, having realized the great potential of Thailand as the center of feed industry events and fairs in Southeast Asian region, is set to organize “VICTAM ASIA 2010 Fair” between the 3rd and the 5th of March 2010 on over a 5,000 sq-m area at Queen Sirikit National Convention Center, where innovations and latest technologies pertaining to feed industry and international plant-processing industry, the latter of which ranges from raw material and ingredient procurement, manufacturing, technology, machinery, processing, storage and full-cycle logistics are to be exhibited. More than 150 proprietors and not lesser than 20,000 visitors are expected to join the events.
VICTAM ASIA 2010 Fair, which is to be held next year, represents the sweetest fruition born of the warm welcome garnered at VICTAM 2008 Fair in which over 150 international companies from such countries as USA, UK, the Netherlands, Germany, China, Singapore, Malaysia, Thailand, etc., not to mention over 15,000 visitors from all over the world, are reported to have participated.
“Objectives for this event are to enhance the level of productivity and potential in trading pertaining to feed industry so that Thailand could become the seat of operation for the aforementioned industrial discipline within Asian region; the company trusts that this event to be held next year will foster economic growth in Thai feed industry at large, as well as serving as the global stage for business negotiations for all participants, both Thai and foreign, all the more allowing for the exchange of ideas, knowledge and technologies pertaining to the industry among them,” said the General Manager.
Mr. Phusit Sasitaranondha, Managing Director, EXPOLINK GLOBAL NETWORK LTD., which is VITAM ASIA 2010 project manager, has revealed that highlights and features to be included in this upcoming event are comprised of latest technologies and brand-new innovations pertaining to feedstuff for both aquatic animals and pet animals, ingredient-related industry, food animal factory and plant, cereal & wholegrain processing, storage process, as well as logistics and transportation, all the more processing and recycling technologies to be used as alternate power and energy. More so to be included here are the related systems, industrial equipments and tools used in monitoring, controlling, and maintaining safety criteria, as well as dust explosion, not to mention many interesting seminars including those from Department of Livestock Development, Department of Fishery, Agriculturist Market, and Thailand Rice Mill Association.
“In addition to VICTAM ASIA 2010, there are the other two events of great interest: 1) “Feed Ingredients & Additives Asia Pacific 2010 (FIAAP ASIA),” where feed ingredients of superior quality and great additives are to be met, along with feed formulas and the likes; 2) “GRAPAS ASIA,” which represents another activity of great interest for Thailand since it mainly involves exhibitions and conferences regarding milling, as well as others including noodle manufacturing industry, cereal manufacturing industry, and cereal-made snacks and the likes,” said Mr. Phusit.
Thursday, November 19, 2009
Wednesday, November 4, 2009
Stanley Works buys rival Black & Decker
Stanley Works struck a deal to buy rival Black &Decker Corp for $3.46 billion in stock,combining a top hand tool maker and power tool maker to benefit from higher margins and cost savings.
The companies said the driving motivation of the deal is the $350 million in annualised cost savings as well as the improved finances of the more diversified company.
Our lines complement each other,Black & Decker chief executive Nolan Archibald said in an interview.From a product point of view and a geographic point of view we have an opportunity of putting these two organisations together and coming up with significant cost savings.
Black & Decker shareholders will receive 1.275 Stanley shares about $57.56 at Mondays close for each Black & Decker share they own, representing a premium of 22% over Black & Deckers Monday close of $47.34. Stanley shareholders will own about 50.5% of the combined company, with Black & Decker shareholders owning the rest.
Stanley chief executive John Lundgren said that cost savings would come from business unit and regional consolidation, corporate overhead cuts, and changes to manufacturing,distribution and purchasing practices.
He said job cuts would be modest.Certainly it will be less than 10%this is nothing draconian, Lundgren
said in an interview.
The CEOs said they did not expect anti-trust problems.While the two companies are both top tool makers, Black & Decker is focused on power tools while Stanley Works is a top hand tool maker.
Brian Sozzi, an analyst at Wall Street Strategies, said the deal makes strong sense.
A deal would help them get positioned ahead of the recovery in housing and the ultimate rebound in commodities, Sozzi said.
The deal is expected to add about $1 per share to the earnings of the combined company, Stanley Black &Decker, by the third year after closing.
The companies also expect about $1 billion in free cash flow from the com-bined businesses by the end of the third year.
With a billion dollars in cash flow,our combined business development team and a very full acquisition pipeline gives us the opportunity to continue to build the growth platforms that are out there, Lundgren said.
He said growth areas included security,engineered fastening, infrastructure and health care.
James Lucas, an analyst at Janney Montgomery Scott, said that Stanley has recently developed into a much stronger operating company than in years past and that expertise could create value at the Black & Decker brands as the companies move forward.
Stanley Works Lundgren will be CEO of the combined company, while Black & Deckers Archibald will be chairman for three years.
The companies said the driving motivation of the deal is the $350 million in annualised cost savings as well as the improved finances of the more diversified company.
Our lines complement each other,Black & Decker chief executive Nolan Archibald said in an interview.From a product point of view and a geographic point of view we have an opportunity of putting these two organisations together and coming up with significant cost savings.
Black & Decker shareholders will receive 1.275 Stanley shares about $57.56 at Mondays close for each Black & Decker share they own, representing a premium of 22% over Black & Deckers Monday close of $47.34. Stanley shareholders will own about 50.5% of the combined company, with Black & Decker shareholders owning the rest.
Stanley chief executive John Lundgren said that cost savings would come from business unit and regional consolidation, corporate overhead cuts, and changes to manufacturing,distribution and purchasing practices.
He said job cuts would be modest.Certainly it will be less than 10%this is nothing draconian, Lundgren
said in an interview.
The CEOs said they did not expect anti-trust problems.While the two companies are both top tool makers, Black & Decker is focused on power tools while Stanley Works is a top hand tool maker.
Brian Sozzi, an analyst at Wall Street Strategies, said the deal makes strong sense.
A deal would help them get positioned ahead of the recovery in housing and the ultimate rebound in commodities, Sozzi said.
The deal is expected to add about $1 per share to the earnings of the combined company, Stanley Black &Decker, by the third year after closing.
The companies also expect about $1 billion in free cash flow from the com-bined businesses by the end of the third year.
With a billion dollars in cash flow,our combined business development team and a very full acquisition pipeline gives us the opportunity to continue to build the growth platforms that are out there, Lundgren said.
He said growth areas included security,engineered fastening, infrastructure and health care.
James Lucas, an analyst at Janney Montgomery Scott, said that Stanley has recently developed into a much stronger operating company than in years past and that expertise could create value at the Black & Decker brands as the companies move forward.
Stanley Works Lundgren will be CEO of the combined company, while Black & Deckers Archibald will be chairman for three years.
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