Multinational Manufacturing – Le Pocher Volvo Penta http://lepochervolvopenta.com/ Fri, 30 Sep 2022 21:00:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://lepochervolvopenta.com/wp-content/uploads/2021/07/icon-4.png Multinational Manufacturing – Le Pocher Volvo Penta http://lepochervolvopenta.com/ 32 32 Naperville Chrysler Jeep Dodge Ram & Gary Lang Auto Group (Kia, Subaru, Chevrolet, Cadillac, Buick, GMC, Mitsubishi) https://lepochervolvopenta.com/naperville-chrysler-jeep-dodge-ram-gary-lang-auto-group-kia-subaru-chevrolet-cadillac-buick-gmc-mitsubishi/ Fri, 30 Sep 2022 21:00:00 +0000 https://lepochervolvopenta.com/naperville-chrysler-jeep-dodge-ram-gary-lang-auto-group-kia-subaru-chevrolet-cadillac-buick-gmc-mitsubishi/ Acquisition of the Castle automotive group Acquisition of the Castle automotive group OAK BROOK, Ill., Sept. 30, 2022 (GLOBE NEWSWIRE) — Castle Automotive Group (CAG), a growing automotive retailer headquartered in Oakbrook Terrace, Ill., completed two transactions this year with the acquisition of Naperville Chrysler Dodge Jeep Ram and Gary Lang Auto Group in McHenry. […]]]>

Acquisition of the Castle automotive group

Acquisition of the Castle automotive group

OAK BROOK, Ill., Sept. 30, 2022 (GLOBE NEWSWIRE) — Castle Automotive Group (CAG), a growing automotive retailer headquartered in Oakbrook Terrace, Ill., completed two transactions this year with the acquisition of Naperville Chrysler Dodge Jeep Ram and Gary Lang Auto Group in McHenry. These two acquisitions bring Castle Automotive Group to 14 locations and 26 new automotive franchises in Illinois and Northwestern Indiana with a strong portfolio of brands – Buick, Cadillac, Chevrolet, Chrysler, Dodge, Ford, GMC, Jeep , Kia, Lincoln, Mitsubishi, RAM , Subaru and Volkswagen.

“First of all, I would like to say thank you and congratulations to Ed Burke, President of Naperville CDJR and Gary Lang, President of Gary Lang Auto Group. These two gentlemen have been a pleasure to work with since the day we hired all them through a transparent buy-sell transaction.In concluding these important and very emotional transactions, it is very important to me that all parties are treated fairly and with respect for their heritage, their people and their their communities I wish them both the very best Thanks also to my acquisitions teams at CAG, Andrew Dorgan and DSMC, VP of M&A Jennifer Rafael and financial partner Ally for working all this year to carry out these 2 transactions.

“Business-wise, we believe these 2 acquisitions are a perfect fit for our business with the right brands in the right places. We are proud to have added Kia and Cadillac to our portfolio, along with our third Chevrolet franchise and our second CDJR, Subaru, Buick, GMC and Mitsubishi. This gives our business great scalability in a highly competitive market. It’s been a busy year for us and for everyone involved in achieving this goal. I look forward to welcome and onboard all 200+ employees, their families and 11 additional new automotive franchises to the CAG platform through these transactions.” -Joe Castle, CEO of Castle Automotive Group

About Stellantis.

Stellantis NV is a multinational automobile manufacturing company established in 2021. The main activity of Stellantis is the design, development, manufacture and sale of automobiles bearing its 16 brands Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS , Fiat, Fiat Professional, Jeep, Lancia, Maserati, Mopar, Opel, Peugeot, Ram and Vauxhall. At the time of the merger, Stellantis had approximately 300,000 employees, a presence in over 130 countries with manufacturing facilities in 30 countries.

About Kia.

Based in Irvine, Calif., Kia America continues to top automotive quality surveys and is recognized as one of the top 100 global brands. Kia is the “Official Automotive Partner” of the NBA and offers a line of gasoline, hybrid, plug-in hybrid and electrified vehicles sold through a network of nearly 750 dealerships in the United States, including several cars and SUVs proudly assembled in America.

About Subaru.

Subaru of America is committed to being a positive force in the world and to acting as a good corporate citizen through responsible leadership, ethical business practices and environmental protection. In addition to the corporate headquarters in Camden, New Jersey, and the landfill-free assembly plant in Lafayette, Indiana, Subaru has eight regional distribution offices, three regional offices, 12 area offices and more than 600 dealerships across the United States.

About General Motors.

General Motors’ goal is to deliver a world-class customer experience at every touchpoint and to do so on the basis of trust and transparency. Headquartered in Detroit, Michigan, with employees around the world, General Motors is a company with global scale and capabilities. They employ over 155,000 people, serving six continents with a diverse workforce speaking 75 languages.

About Castle Automotive Group (CAG)

Castle Automotive Group (CAG) currently has 10 locations in Illinois and northwest Indiana, representing domestic, Asian and German brands. Castle also offers its customers a broad range of automotive products and services, including new and used vehicle sales and related finance and insurance products, service contracts, repair and maintenance programs. vehicles and original parts. Looking to the future, this acquisition will reinforce Castle Automotive Group’s initiative to partner with more brands focused on electric vehicles as the automotive industry moves towards this, as well as its plans to continue the innovation and investment. Castle Automotive Group will continue to invest in key markets in the Chicagoland area through various programs, such as Castle Buy Center, Castle Credit Center and CastleCars.com, their Direct-To-Consumer shopping experience. These programs are set up to offer a diverse range of solutions aimed at simplifying the process of buying and selling cars online. For more information, please visit www.castleautomotivegroup.com, www.castlecars.comand www.castlecdjrnaperville.com & www.castleautoplexmchenry.com.

Contact information:
Sean Selzer
Marketing Director
seltzer@castlecars.com

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In war-torn Bosnia, tech startups are battling massive brain drain https://lepochervolvopenta.com/in-war-torn-bosnia-tech-startups-are-battling-massive-brain-drain/ Wed, 28 Sep 2022 10:00:00 +0000 https://lepochervolvopenta.com/in-war-torn-bosnia-tech-startups-are-battling-massive-brain-drain/ Senad Šantić, CEO of ZenDev, remembers playing as a child on the streets of Mostar, a city in southern Bosnia and Herzegovina, and how everything changed when war broke out. “When [the] the bombs were starting to fall, my father was hiding me behind the bed or under the table,” Šantić, now 34, told Rest […]]]>

Senad Šantić, CEO of ZenDev, remembers playing as a child on the streets of Mostar, a city in southern Bosnia and Herzegovina, and how everything changed when war broke out. “When [the] the bombs were starting to fall, my father was hiding me behind the bed or under the table,” Šantić, now 34, told Rest of the world.

In 1992, conflict erupted between the country’s three main ethnic groups – Bosnian Muslims, Catholic Croats and Orthodox Serbs – and Šantić and his family fled to Sweden. Six years ago, he returned to Bosnia to start a software development company. He says many were surprised by his return – two decades after the war, most young people were still leaving Bosnia.

Out of 137 countries surveyed, the World Economic Forum ranked Bosnia 135th in its “ability to retain talent.” Nearly half of Bosnians aged 18-29 have considered leaving the country in the last year, according to a United Nations Population Fund (UNFPA) 2021 Report. If emigration and low birth rates continue at current rates, the population will halve in just under 50 years.

But technology is one of the few bright spots in the Bosnian economy. Jobs in the industry tripled from 2012 to 2019, according to a report by the United Nations Development Program (UNDP). Many Bosnians returned from abroad are at the forefront of the industry, said Damir Maglajlić, executive director of Bit Alliance, a business group of Bosnia’s leading tech companies. Rest of the world.

More than 50,000 people, half of whom are under the age of 29, leave Bosnia each year.

Šantić said what started as a personal decision to return to Mostar took on a larger goal: to stem the flow of young people leaving the country. “If we want people to stay, it’s not about selling these young people the idea of ​​patriotism and why they should stay,” Šantić said. Rest of the world, sitting on the terrace of his office. Behind him, houses with red roofs dotted the hills of the city. “Let’s build a place with better living conditions here in Bosnia and Herzegovina.”

His company, ZenDev, is a software development company and one of many companies in Bosnia’s tech industry that hopes to reshape a country still scarred by war. Maglajlić estimates that 40% of tech companies in the country were founded by members of the diaspora. They hope to stem the accelerating “brain drain” of young people leaving the country and overcome the inter-ethnic conflicts that have plagued Bosnia for decades.

“There must be, I think, a revolution,” Šantić said. “At the rate things are going right now, I don’t think we’ll be able to survive as a country.”

Šantić says he first caught the “starter bug” in San Francisco, where he spent a year after college. After returning to Sweden, he founded LoopMe, a mobile app that helps teachers manage student homework, in 2014. But he had always dreamed of returning to Bosnia.

In 2016, he finally moved on. Together with childhood friend Nikola Mirković, Šantić co-founded ZenDev, which began by writing code for multinational clients such as tech giant Emerson, telecommunications company Ericsson, and manufacturing company Volvo. But, he says, his real goal was to provide young people with better job opportunities.

“The first thing that comes to mind shouldn’t be: ‘How can I get to Germany? How can I go to Sweden? But rather, they should be able to nominate certain companies here in Bosnia that you want to be a part of,” he said.

At ZenDev, Šantić aims to foster a culture that transcends Bosnia’s ethnic divides. “We try to be completely agnostic about your ethnicity,” said Šantić, who hires solely on merit and deliberately chose an office between the Bosnian and Croatian sides of Mostar.


Clara Charrin and Jason Maloney

His message seems to resonate with young people. Last year, the company offered internships for the first time and hundreds of people applied. ZenDev said Rest of the world that their annual turnover has more than doubled between 2020 and 2021, and that their workforce has grown from around 25 to 80 in the last two years.

After graduating from university, 29-year-old Tarek Stoper thought his best chance of getting a good job was to go abroad. Then he discovered ZenDev. He loved the office culture and camaraderie, so he applied for a job as a software developer and has been working there for over a year.

“If I didn’t get into Zendev, I’d probably be looking for overseas jobs right now,” Stoper said. Rest of the worldadding that he hopes to stay with the company for years to come.

Jobs that keep people in Bosnia for the long term are essential. This means that Bosnian technology companies will have to go beyond outsourcing and develop appropriate Bosnian products. About 75% of all Bosnian tech companies provide services to foreign companies, according to the UNDP study. ZenDev develops its own software applications, including search engine optimization and note-taking tools for researchers.

“We just need to show more examples of products made in this region that are globally recognized,” Šantić said. “And I think when we do that other people will follow.”

Edin Saracevic, 57, fled Sarajevo in 1994 as Serbs besieged the city. He went to the United States and started several successful tech companies during the dot-com boom of the late 90s.

In 2013, he returned to Bosnia to found Hub387, a coworking space in downtown Sarajevo. He named the company after Bosnia’s international calling code – a neutral choice that avoids ethnic bias and promotes a unified view of the country.

HUB387 was the first coworking space in Bosnia, Jovana Musić, the general manager, told Rest of the world. “IT companies existed and they did their thing, but they all worked in really shitty places, you know, like basements and abandoned apartments,” she said.

Like Šantić, Saracevic wanted Hub387 to be more than a business.

“Our huge hidden agenda was to keep people in Bosnia,” Musić added. In addition to providing a workspace, Hub387 organizes technical conferences and “hackathons”, and recently hosted a training session to help Bosnian businesses get started.

Integral to their work is Academy387, a learning center that offers programming courses, software tutorials, and graphic design courses. Musić said Academy387 aims to bridge the gap between the needs of tech companies and what Bosnian universities teach.

Rešad Začina, 36, co-founder of Bosnian startup studio Ministry of Programming (MOP), said Rest of the world that the keys to the growth of the country’s tech industry are talent and money. His company, which helps entrepreneurs develop business ideas, start their business and obtain venture capital, does both. MOP has developed 75 products and built nearly a dozen companies around the world.

Launched in 2015, MOP now directly employs nearly 200 people in Bosnia — “not counting all the people who work in specific startups,” Začina added. MOP has been cited as one of Top 50 fastest growing companies in central Europe. By also funding foreign companies rather than just working for them, the MOP reverses the usual dynamic, giving them what Začina called “a seat at this table as the underdogs”.

“Our huge hidden agenda was to keep people in Bosnia.”

Last month, MOP moved into a new office with plush sofas, a huge party patio, and a neon “Work Hard, Play Harder” sign on the wall. Everything MOP has accomplished, they have done without any public funding, Začina said. He joked, “We live in a dysfunctional government, so we say we are the only functioning ministry in Bosnia and Herzegovina.

Despite a lack of institutional support in the past, Bosnian tech leaders agree that involving the government is essential. The IT sector can create jobs, Šantić said, but without changes in education and political systems, people will continue to leave.

“Like, why are we doing all this if in five, 10 years there’s going to be nothing to work on?” he said. Founders like Šantić believe that local and national governments need to integrate programming training into all levels of public education, as well as provide more funding for startups.

Every day, on his way to work, he passes a row of ruined houses. They are riddled with bullets, hollowed out.

“That’s actually the only way I got to know Mostar, because I was five when the war broke out,” Šantić said. “I don’t even remember what it looked like before that.”

The city recently deemed the structures a safety hazard, he said, and will demolish them to make way for new buildings. ZenDev’s trendy office stands opposite these soon to be demolished ruins.

“Obviously, we can create our own bubble in ZenDev,” Šantić said, as he emerged from his office in the late afternoon. “But if the problems are at the national level – and they are at the national level – we need to start thinking bigger.”

Reporting for this article was made possible by New York University GlobalBeat program.

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Prasid Group of Companies: a booming conglomerate https://lepochervolvopenta.com/prasid-group-of-companies-a-booming-conglomerate/ Sat, 24 Sep 2022 04:41:45 +0000 https://lepochervolvopenta.com/prasid-group-of-companies-a-booming-conglomerate/ Prasid Group of Companies was founded in 2007. It consists of three business entities: Prasid International, Prasid Pashmina and Prasid Water Solutions. Each of them operate in totally different sectors. Prasid International is the distributor of Eureka Forbes, India (Eureka Forbes Ltd is an Indian multinational consumer goods company). They import and market water purifiers, […]]]>

Prasid Group of Companies was founded in 2007. It consists of three business entities: Prasid International, Prasid Pashmina and Prasid Water Solutions. Each of them operate in totally different sectors.

Prasid International is the distributor of Eureka Forbes, India (Eureka Forbes Ltd is an Indian multinational consumer goods company). They import and market water purifiers, vacuum cleaners, etc. Prasid Pashmina manufactures high-end cashmere/pashmina products which are exported to Europe, the United States and some Asian countries. Similarly, Prasid Water Solution provides drinking water from a natural source. Its factory is based at Godawari, Lalitpur.

“Our vision is to establish a conglomerate with interests in various industries by implementing a corporate culture based on innovation, passion, quality and empowerment,” said Ajay Singh Karki, Chairman and Founder of Prasid Group of Companies.

The group is currently planning to add more sustainable consumer products and to start exporting starting with its Forbes spring water.

Previously, Karki worked for multinational companies in India such as Eureka Forbes Ltd of Tata Group, DCM Shriram Consolidated Ltd, and HCL Group. He returned to Nepal in 1994 to work with his uncle who had a carpet export business. He separated from his uncle in 1997 to work for the NGO Nepal Goodweave Foundation.

The foundation rescued child laborers working in the carpet industry and rehabilitated them by providing education and shelter. Karki also started her pashmina business around this time.

And in 2004 he was appointed Country Director of Eureka Forbes Ltd, formerly known as Euroguard. He only went full time with his company in 2007.

Karki believes that the “Make in Nepal” initiative of the Confederation of Nepalese Industries could help Nepalese industries enormously if only the quality of products sold in the Nepalese market were properly regulated.

“Water jars are sold at Rs 45-50 in the market while the transportation cost itself is Rs 20, but no one questions the water quality,” he says. “Poor quality products go with the wrong labels.”

According to Karki, Nepalese rugs once held a high-end status, but then rug manufacturers began to compromise on the quality of their products.

“This malpractice is the reason why the export of Nepalese carpets has taken a serious hit. The same thing happens with pashmina and other products, whether they are of export quality or for local sale.

Karki believes in serving consumers with the right quality of products.

“That’s how the Nepalese market can thrive,” he says.

As a landlocked country, Karki adds, Nepal should focus on manufacturing its own products and depend less on imports.

“Nepalese industries are already going through difficult times. First there was the 2015 earthquake, which was followed by the border blockade in the south, and then the Covid-19 pandemic.

Karki laments that the government is not doing enough to help industries start self-production at a time when the import of many goods has been banned, citing the depletion of foreign exchange reserves. He adds that China’s undeclared border blockade has made the situation worse.

“The Chinese border is not open like India’s, so only a limited amount of goods can be transported there,” he said. “The government should intensify its efforts to encourage domestic production and export.”

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Puerto Rico’s Healthcare Supply Chain Responds to Hurricane Fiona https://lepochervolvopenta.com/puerto-ricos-healthcare-supply-chain-responds-to-hurricane-fiona/ Wed, 21 Sep 2022 21:12:05 +0000 https://lepochervolvopenta.com/puerto-ricos-healthcare-supply-chain-responds-to-hurricane-fiona/ As Hurricane Fiona reached Puerto Rico late Sunday evening, flooding the archipelago and plunging its dilapidated energy grid into a blackout, health industry leaders and government agencies braced for impact. The Category 1 storm left the island in a lingering state of emergency. All of Puerto Rico’s 3.1 million people lost power. Another 60% of […]]]>

As Hurricane Fiona reached Puerto Rico late Sunday evening, flooding the archipelago and plunging its dilapidated energy grid into a blackout, health industry leaders and government agencies braced for impact.

The Category 1 storm left the island in a lingering state of emergency. All of Puerto Rico’s 3.1 million people lost power. Another 60% of residents have lost access to drinking water. The Port of San Juan was temporarily closed to commercial vessels on Monday and travel advisories restricting movement of residents were put in place while damage assessments are made. It was yet another blow to US territory plagued by failing infrastructure overexposure to the weather.

Five years ago, almost to the day, Hurricane Maria ravaged Puerto Rico, killing 3,000 people and significantly crippling its infrastructure. Healthcare providers across the United States grappling with medical device and drug delays as manufacturers there recovered from the wreckage.

Hurricane Maria hit medical device company Baxter International particularly hard. Its Puerto Rican facilities were largely responsible for manufacturing small volume IV bags, while large volume bags were manufactured on the mainland. Hospitals have resorted to larger bags to deliver drugs to patients, which has increased the demand for this product. Baxter’s fourth-quarter revenue fell $70 million due to manufacturing disruptions following the 2017 storm.

Today, Puerto Rican manufacturers of medical devices and pharmaceuticals, which account for more than half of the territory’s exports, are better positioned.

Learning from Hurricane Maria, pharmaceutical and medical device manufacturers have invested in backup generators, fuel, community services, food and water that help them meet operational challenges . Some companies have started to expand their manufacturing facilities across the country to build resilience against regional climate disasters.

Puerto Rico has hosted the production of medical devices and pharmaceuticals for half a century. Multinational companies operate 52 Food and Drug Administration-approved pharmaceutical factories in the territory. The island, roughly the size of Connecticut, is also home to nearly 70 medical device makers, developing pacemakers, surgical instruments, lab equipment and other essential products, according to Development Department data. economy and commerce of Puerto Rico.

The FDA said it was “actively monitoring” the situation on the island. The American Hospital Association said it is awaiting damage assessments from the Department of Health and Human Services and the Federal Emergency Management Agency to understand what effects the storm may have on the hospital’s broader operations. ‘industry.

Shortages of drugs and medical devices could mean delayed procedures, fewer treatment options and increased costs. But amid flooding and a power outage, many companies say their Puerto Rican locations are up and running.

Most of Baxter’s facilities in the Caribbean restarted Tuesday with power to generators and fuel supplies, but its ability to be fully operational depends on the accessibility of local roads and bridges. At this time, Baxter said it has “healthy inventory levels for the majority of products manufactured in Puerto Rico and the Dominican Republic for U.S. customers,” according to a company statement.

Pharmaceutical company Amgen said measures taken before the storm helped ensure that its flagship site in Juncos, Puerto Rico, would continue operations.

“Prior to the storm, we activated our well-rehearsed business continuity plans, which included proactive switching of site power to generators. We have sufficient generator and fuel capacity to support ongoing operations,” said a spokesperson for Amgen, which also has smaller manufacturing sites in the United States, Ireland, the Netherlands and Singapore.

With the island devastated, Amgen said it was checking in with the 2,400 staff working at its largest manufacturing site and offering assistance.

Abbott planned the destruction by sending employees home with disaster relief kits and food. He also distributed supplies to the oncology department of a local pediatric hospital. None of Abbott’s facilities were damaged during the hurricane, a spokesperson said.

The medical device and pharmaceutical maker has invested in food banks, community health clinics and infrastructure such as generators, wireless hotspots and cold storage to prepare for long-term emergencies.

Device maker Boston Scientific has also stocked up on generators, water and chainsaws for its employees. Brad Sorenson, executive vice president of global supply chain, said the company’s manufacturing facility in Dorado, Puerto Rico, switched to independent water and power systems before the arrival. of the hurricane. The plant can operate for up to two months with emergency supplies, he said.

“We came off the grid on our own power 36 hours before the hurricane made landfall,” Sorenson said. “We are doing it on our schedule. We’re not sitting there waiting for the lights to go out.

Prior to the storm, Boston Scientific leaders ensured adequate product and inventory availability and sent employees home for two days while the storm wreaked havoc. Nearly 90% of their employees were at work Wednesday, Sorenson said. The plant will operate at peak capacity to compensate for losses.

“It will take a few weeks, but we can make up for the two days we proactively closed,” Sorenson said.

In the aftermath of Hurricane Fiona, the American Society of Health-System Pharmacists became concerned about the opacity of the pharmaceutical industry. Michael Ganio, senior director of pharmaceutical practice and quality for the business group, wrote in an email that his main concern was the lack of transparency from drugmakers about factory locations and production quantities.

“Having this information in advance will help organizations prepare for possible shortages and discourage mitigation strategies such as hoarding, which can lead to further disruption,” Ganio added.

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3D printing technology to build regional and remote houses. https://lepochervolvopenta.com/3d-printing-technology-to-build-regional-and-remote-houses/ Mon, 19 Sep 2022 21:04:47 +0000 https://lepochervolvopenta.com/3d-printing-technology-to-build-regional-and-remote-houses/ According to Ahmed Mahil, co-founder and CEO of Australia’s global leader in building and construction 3D printing, Luyten 3D, up to 30% of housing in outback Australia, regions and remote areas will be built using 3D printing technology by 2030. “Countries around the world are already mandating 3D printing targets for the building and construction […]]]>

According to Ahmed Mahil, co-founder and CEO of Australia’s global leader in building and construction 3D printing, Luyten 3D, up to 30% of housing in outback Australia, regions and remote areas will be built using 3D printing technology by 2030.

Countries around the world are already mandating 3D printing targets for the building and construction industry,” Mahil said.

“In 2016, the United Arab Emirates became the first country in the world to promote 3D printing in its construction industry, setting a target of 25% by 2030. Other countries are following suit.

Malawi’s commitment to 3D printing has reduced construction waste nearly tenfold and reduced CO2 emissions by up to 70%. It has also reduced transportation emissions when building in remote areas by up to two tons per house, demonstrating its problem-solving ability. rural housing deficit.

President Joe Biden launched the America Makes Forward program, designed to further drive the growth of additive manufacturing in the country. The program will see the US government and giant multinational corporations supporting 3D printing initiatives, small and medium enterprises in various ways.

“While Australia does not yet have targets in place, we are moving quickly to foster a robust, cutting-edge 3D printing industry that will help solve the housing affordability crisis and also help our countries to build housing and other building structures in remote areas that are impervious to harsh environmental conditions,” Mahil added.

Ahmad Mahil

Mahil thinks that the 30% target could even be exceeded by 2030 at 50% because it is very clear now that 3D printing is not a trend. It is a technology that has been maturing for 30 years and different sectors are already reaping the benefits.

“What a lot of people don’t realize is that 3D printing of houses and other buildings is already happening in Australia. In fact, we’re building the world’s first 3D indigenous housing projectMahil continued.

“The project is being undertaken in the Northern Territory of Australia and involves the construction of a number of homes using Luyten’s state-of-the-art construction and construction 3D printing technology.

“Australia’s red center is made up of some of the harshest climates in the world. Temperatures often range from -5 degrees Celsius in winter to almost 50 degrees in summer and there is little shade. The land is extremely arid and not ideal for conventional habitation. Not only are traditional building materials hard to come by, but they are also prohibitively expensive.

“Our technology and proprietary Utimatecrete are ideal for building homes in these types of harsh conditions. 3D printing for building and construction involves minimal disruption to the jobsite, which is great for sustainability.

Mahil says 3D printing in Australia is set to revolutionize the construction industry.

“With our state-of-the-art 3D printers, we are able to transform construction projects that traditionally take months or years to complete and complete them in days. Breakthrough 3D concrete printing technology reduces 60% of construction waste, 70 percent of production time and 80 percent of labor costs when comparing practical construction projects,” Mahil explained.

“Furthermore, the technology has been proven to increase construction site efficiency with guaranteed cost savings of 60%, 300-500 times shorter execution times, and a total reduction of 80% in monetary expenses. without formwork in concrete construction.

“We are acutely aware of the construction industry’s carbon footprint and committed to creating building solutions for generations to come that reduce emissions. Our unparalleled technology uses up to 40% less carbon dioxide emissions through proprietary blends that reduce cement usage, and robotic systems reduce the carbon footprints of construction sites and logistics by 50 to 70%. In addition, the construction cost is 70% lower than traditional methods.

“With these kinds of numbers, it’s hard to argue why more and more people, governments and businesses will choose 3D printed homes and buildings over traditional construction methods. 3D printed houses also offer unique design options that conventional homes do not.

“We are able to build a three-bedroom house in as little as three days. The process involves printing the structural elements in two days and assembling the components on the third day.

“Printed items are ready to handle and move within five hours of printing. That’s the great thing about our special concrete mix, it hardens quickly and delivers results that supersede what’s currently available at four times the cost.

Home 3D Luyten

According to Mahil, Luyten 3D printed houses comply with Australian and New Zealand building codes (AS/NSZ 1170 and AS 3600) and are constructed using Luyten’s very strong and eco-friendly 3D printable Luyten Ultimatecrete concrete, which which gives a compressive strength of 82.5 MPa after 28 hours. days, four times stronger than required by the residential building code of 20 MPa.

“It won’t be long before you start seeing 3D printed homes being built in suburban areas of the country as well. Why pay a builder $800,000 for a new house, when a 3D printed house is only a fraction of that,” he said.

Founded in 2020, Luyten designs and manufactures custom large-scale three-dimensional construction printers for home and commercial construction.

Since its launch, the company has broadened its mandate and forged a key partnership with the University of New South Wales, build structures and base camps on the Moon and other planets, including Mars. It has also signed partnerships with multinational building and construction companies to build houses in Asia.

All images provided.

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Bringing multinationals to the stock market: analysts https://lepochervolvopenta.com/bringing-multinationals-to-the-stock-market-analysts/ Sat, 17 Sep 2022 19:59:33 +0000 https://lepochervolvopenta.com/bringing-multinationals-to-the-stock-market-analysts/ Stock analysts yesterday urged the government to encourage multinational and local companies with good results to list to boost investors’ confidence in shares and ensure a “fair distribution” of profits. They spoke at a panel discussion titled “Current and Future Perspectives of the Bangladesh Capital Market” organized by the Bangladesh Merchant Bankers Association (BMBA) and […]]]>

Stock analysts yesterday urged the government to encourage multinational and local companies with good results to list to boost investors’ confidence in shares and ensure a “fair distribution” of profits.

They spoke at a panel discussion titled “Current and Future Perspectives of the Bangladesh Capital Market” organized by the Bangladesh Merchant Bankers Association (BMBA) and the Capital Market Journalists’ Forum (CMJF) at the Westin Dhaka.

Professor Abu Ahmed, former chair of the economics department at Dhaka University, said most companies allowed to go public over the past decade did not have such a good track record.

“Unilever, Nestlé and MetLife have been working in the country for years and making huge profits every year… Why don’t they share their profits with the people? He asked.

Many of them are listed in neighboring India and Pakistan, but not here. The government should think about it, he said.

The National Board of Revenue (NBR) narrowed the tax gap between listed and unlisted companies by 2.5 percentage points to 7.5 percentage points, Ahmed said.

However, stock analysts repeatedly called for the spread to be increased to 20 percentage points from 10 percentage points at the time, he said.

“Who did this, on what basis, I can’t figure it out,” he said.

However, Faruq Ahmad Siddiqi, former chairman of the Bangladesh Securities and Exchange Commission (BSEC), questioned the rationality of companies seeking funds on the stock market when they can easily obtain long-term funds from banks.

Unless easy long-term lending is stopped and good governance is ensured, companies will not come to the stock market. Unless companies with good results are listed on the stock market, the stock market will not grow, he added.

The tax gap can never be attractive, even if it reaches 20 percentage points, because there are many ways to evade tax, he said.

Thus, ensuring good corporate governance is necessary alongside implementing rules and regulations so that no one can evade tax, he said.

The government has reduced corporate tax for listed and unlisted companies to reduce overall corporate tax, which is relatively low overseas, said NBR member Mohammad Jahid Hasan.

The BNR is always ready to provide political support for the development of the stock market, he added.

“The stock price valuation in our stock market must be accurate to attract companies with good results,” said Professor Mohammed Helal Uddin, Director (Research) of the Center for Integrated Rural Development for Asia. and the Pacific.

“Our stock price mechanism has a serious problem, so ghee is sold here at the price of ash and ash is sold here at the price of ghee,” he said.

Unless there are good prices, good companies will not be interested in listing even if great tax incentives are offered, he added.

BSEC is trying to bring in multinationals and companies with good track records, for which it has already had talks with some of their top officials, Prof. Shibli Rubayat-Ul-Islam said.

A lack of returns in the money market and banking sector and other avenues are prompting investors to turn to the stock market, said Hasan Imam, president of the Association of Asset Management Companies and Mutual Funds of placement.

They are drawn to mutual funds for their performance, dividends and high yields, he said.

The mutual fund industry is looking to expand its footprint across the country with brokerage houses and the merchant banking ecosystem, he added.

Ziaur Rahman, Chairman of the CMJF, Kazi Sayedur Rahman, Deputy Governor of the Bangladesh Bank, Nojibur Rahman, Chairman of the Capital Market Stabilization Fund, Eunusur Rahman, Chairman of the Dhaka Stock Exchange, and Asif Ibrahim, Chairman of the Stock Exchange of Chittagong, also spoke at the event.

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Congress’s new SHIP law would allow small growers to ship weed directly to consumers. Shit yeah! https://lepochervolvopenta.com/congresss-new-ship-law-would-allow-small-growers-to-ship-weed-directly-to-consumers-shit-yeah/ Thu, 15 Sep 2022 21:12:51 +0000 https://lepochervolvopenta.com/congresss-new-ship-law-would-allow-small-growers-to-ship-weed-directly-to-consumers-shit-yeah/ Talk about defending the little guy. Yesterday, September 14, Congressmen Jared Huffman (D-CA) and Earl Blumenauer (D-OR) introduced a new federal bill with one specific goal: to allow small cannabis growers and manufacturers to ship products to flower and marijuana base both within a state and across state lines, using either the US Postal Service […]]]>

Talk about defending the little guy.

Yesterday, September 14, Congressmen Jared Huffman (D-CA) and Earl Blumenauer (D-OR) introduced a new federal bill with one specific goal: to allow small cannabis growers and manufacturers to ship products to flower and marijuana base both within a state and across state lines, using either the US Postal Service or a private shipping company.

The bill, titled the Small Independent Producers Act (SHIP Act), would only go into effect after Congress declassifies cannabis and removes penalties for possessing, manufacturing, and distributing cannabis at the federal level. In other words, it is a post-legalization trigger bill.

When Congress legalizes, the SHIP Act would give small cannabis players a crucial tool to compete with big corporations in a federal legal landscape. Customers from anywhere in the country would be able to access the products they were looking for, and the producers themselves would save a lot on third-party distribution costs. Except future legislation, only these small businesses could benefit from the maritime policy.

Related

The Cannabis Administration and Opportunity Act is finally here. Here’s what it would do

Helping small farmers to be competitive

Huffman, whose home district includes California’s cannabis-growing mecca known as the Emerald Triangle, considers federal legalization an “inevitability.”

“It’s a discouraging business environment that [small businesses] are faced. Markets are consolidating,” Huffman Told Marijuana Timeis Kyle Jaeger. “Big multinationals will certainly do very well, but we want to make sure that smaller companies have a chance to compete and succeed.”

Related

As Biden wavers on weed reform, Dems urge him to do, like, anything

Still pending federal legalization, however

While members of Congress have introduced several federal legalization bills, none have passed both the House and the Senate.

The MORE Act passed twice in the House, but stalled in the Senate.

Most recently, in July 2022, Senator Chuck Schumer (D-NY), Senator Cory Booker (D-NJ), and Senator Ron Wyden (D-OR) officially introduced the Cannabis Administration and Opportunity Act. Although the federal legalization bill did not pass the Senate this year, it nonetheless indicates growing interest in legalization across the finish line.

Additionally, President Joe Biden campaigned on the promise of federal decriminalization. He has not yet fulfilled this commitment.

Who is eligible for the SHIP law?

The SHIP Act sets out clear guidelines for businesses that can take advantage of the interstate direct-to-consumer trade policy. On the grower front, SHIP would apply to those growing up to one acre of mature canopy outdoors, up to 22,000 square feet in greenhouses, or up to 5,000 square feet indoors.

This would also apply to manufacturers who generate less than $5,000,000 in gross annual revenue.

Broad support across the industry

The SHIP law has has already garnered approvals from a wide range of trade and advocacy organizations including the Origins Council, Humboldt County Growers Alliance, FARMS Inc, Washington Sun & Craft Growers Association, Vermont Growers Association, Maine Craft Cannabis Association, Farm Bug Co-Op, Big On Farmers Association, Nevada County Cannabis Alliance, Mendocino Cannabis Alliance, Trinity County Agricultural Alliance and Sonoma County Growers Alliance.

Even organizations that typically remain silent on federal legalization have spoken out in support of the SHIP Act.

“Today we are approving a federal bill for the first time! We are proud to support the SHIP Act and all the small business associations that have developed it with [Reps. Huffman and Blumenauer]”, the impartial Parabola Center for Law and Policy wrote on Twitter. “Artisanal producers should be allowed to ship directly to consumers.”

Max Savage Levenson

Max Savage Levenson probably has the lowest cannabis tolerance of any cannabis beat writer. He also writes about music for Pitchfork, Bandcamp and other bespectacled folks. He co-hosts The Hash podcast. His dream interview is Tyler the Creator.

See articles by Max Savage Levenson

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PCAR dividend announcement $0.3700/share 09/13/2022 https://lepochervolvopenta.com/pcar-dividend-announcement-0-3700-share-09-13-2022/ Tue, 13 Sep 2022 21:26:28 +0000 https://lepochervolvopenta.com/pcar-dividend-announcement-0-3700-share-09-13-2022/ PACCAR Inc. (NASDAQ:PCAR) on 09/13/2022 declared a dividend of $0.3700 per share payable on December 06, 2022 to shareholders of record as of November 15, 2022. The amount of the dividend recorded is an increase of 0.03 $ compared to the last dividend paid. PACCAR Inc. (NASDAQ: PCAR) has paid dividends since 1943, has a […]]]>

PACCAR Inc. (NASDAQ:PCAR) on 09/13/2022 declared a dividend of $0.3700 per share payable on December 06, 2022 to shareholders of record as of November 15, 2022. The amount of the dividend recorded is an increase of 0.03 $ compared to the last dividend paid.

PACCAR Inc. (NASDAQ: PCAR) has paid dividends since 1943, has a current dividend yield of 1.6549257040%, and has increased dividends for 0 consecutive years.

The market capitalization of PACCAR Inc. is $31,096,510,170 and has a PE ratio of 14.11. The stock price closed yesterday at $89.43 and has a 52-week low/high of $77.00 and $97.56.

PACCAR is a multinational company operating in the following segments: Truck, which includes the design, manufacture and distribution of light, medium and heavy commercial trucks, which are configured with an engine in front of the cab or a cab overengine; Parts, which includes the distribution of spare parts for trucks and related commercial vehicles; and financial services, which include financing and leasing products and services provided to customers and dealers. The Co.’s other businesses include manufacturing and marketing industrial winches in US factories and marketing them under the Braden, Carco and Gearmatic brand names.

For more information about PACCAR Inc., click here.

Current PACCAR Inc. dividend information as of the date of this press release is:

Dividend declaration date: September 13, 2022
Ex-dividend date: November 14, 2022
Dividend record date: November 15, 2022
Dividend payment date: December 6, 2022
Dividend amount: $0.3700

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The PLI program is good, but more needs to be done to stimulate API research https://lepochervolvopenta.com/the-pli-program-is-good-but-more-needs-to-be-done-to-stimulate-api-research/ Sun, 11 Sep 2022 18:26:30 +0000 https://lepochervolvopenta.com/the-pli-program-is-good-but-more-needs-to-be-done-to-stimulate-api-research/ Pharmaceutical manufacturing is a capital-intensive business. Although India is a major player in the manufacture of pharmaceutical formulations, “there is still a huge gap in the production of Active Pharmaceutical Ingredients (APIs) in India. The country currently depends on China and other countries for much of its APIs, losing huge The government needs to step […]]]>

Pharmaceutical manufacturing is a capital-intensive business. Although India is a major player in the manufacture of pharmaceutical formulations, “there is still a huge gap in the production of Active Pharmaceutical Ingredients (APIs) in India. The country currently depends on China and other countries for much of its APIs, losing huge The government needs to step in and support the industry by building research and manufacturing capacity so that the country can begin to meet its API demands locally,” says Sanjeev Jain, MD, Akums Drugs & Pharmaceuticals Ltd in an interview with Bizz Buzz. Akums Drugs & Pharmaceuticals Ltd is a Contract Research and Manufacturing Company (CRAMS)

You recently acquired a facility from Ankur Drugs & Pharmaceuticals Limited. How will the acquisition help Akums?

As one of India’s leading pharmaceutical companies, Akums Drugs & Pharmaceuticals Limited is always on the lookout for significant expansion and growth opportunities. The acquisition of the Ankur Drugs & Pharmaceuticals plant aims to increase our production capacity by reaching 6 billion units of tablets and more than 90 million units of oral liquids each year. This is aimed at helping India achieve the desired boost in the export market which is currently valued at $24.6 billion and currently growing at a rate of 18.7%.

Tablets and oral liquids are the two important dosage forms in therapeutic areas and patient profile. Tablets constitute 52% of the market by value and 9% of oral liquid according to AIOCD AWACS data.

But it’s not just about facilities and equipment; we are also very concerned about the development of human capacities. We invest heavily in staff training, research, and other programs that expose our employees and researchers to industry trends, as well as uncharted territory. This explains why we have several innovative products like fast dissolving antacid powder, painless progesterone injection, medicinal jellies and chewing gums. So, with such acquisition of facilities, we have greatly expanded our capacity.

How would European Union (EU) Good Manufacturing Practices (GMP) approval for two Akums manufacturing units in Haridwar help the company?

Akums already has a very strong national image in India, and this is largely due to the fact that we have always been quality conscious. Every choice we make is based on our belief in a quality first approach. Although we have been approved for this quality by our partners who are also leading Indian and multinational pharmaceutical companies, the latest EU GMP is very widely recognized and accepted. These are the same manufacturing plants that serve the domestic market and have received European Union approvals. With EU GMP approval for two of our manufacturing plants in Haridwar, Akums is well positioned not only for the Indian domestic market but also to serve the international market. This is a step towards becoming a global contract development and manufacturing company (CDMO).

Our quality standards are in line with international best practice, which gives us the advantage of serving regulated markets and supplying safe and potent drugs to pharmaceutical companies around the world.

Has the PLI Scheme helped the pharmaceutical sector?

Pharmaceutical manufacturing is a capital-intensive business. Although India is a major player in the manufacture of pharmaceutical formulations, there is still a huge gap in the production of Active Pharmaceutical Ingredients (APIs) in India. The country currently depends on China and other countries for a large part of its APIs, thereby losing huge foreign currencies. As a leader in the pharmaceutical formulations industry, this is one of our concerns. The government must step in and support the industry by building research and manufacturing capacity so that the country can begin to meet its API demands locally.

The PLI program and other incentives offered by state governments are good steps in the right direction. There is a need to maintain such programs to help manufacturers fully align with Prime Minister Narendra Modi’s vision to boost India’s pharmaceutical exports. Akums plays a huge role in the pharmaceutical ecosystem in India as a fully certified and renowned contract manufacturing company with world class facilities, and we are happy with the PLI program so far, but much more can be done. to stimulate API research and manufacturing.

Where do you see the pharmaceutical sector in the next five years, in 2027-28 to be precise?

The prospects are very exciting for India. The pharmaceutical industry has grown tremendously over the past 20 years and we have achieved significant milestones along the way. The industry is currently valued at $42 billion and is expected to grow to over $120 billion by 2030 at a CAGR of approximately 11%. Essentially, this growth trajectory will be propelled by increased exports and pharmaceutical formulations to even more regulated and semi-regulated markets.

However, we should not ignore domestic markets. There will also be an increase in domestic demand for many therapies. We will also see plenty of activity in the API and Key Commodity (KSM) segments. We expect an increase in domestic manufacturing, aided by better contract research opportunities so the country can achieve import substitution.

With the right support and incentives, India can become an even greater pharmaceutical powerhouse and replicate the status of Atma Nirbhar in the pharmaceutical industry. It starts with extensive research and expansion capability to increase the export of pharmaceutical formulations and APIs. Furthermore, with the lessons learned from the Covid-19 pandemic, the Indian pharmaceutical industry must position itself to be always ready for health emergencies.

Where do you see Akums in terms of revenue in 2027-28?

As for Akums Drugs & Pharmaceuticals Limited, we are committed to maintaining and even exceeding our growth trajectory which has remained at an average CAGR of 20% over the past five years. The plan is to serve existing customers much better and build on our excellence and professionalism over the years, while increasing dosage form capabilities, moving into new therapies, dosage forms and markets, and increasing our share of export, among other expected deliverables.

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6 stocks to buy next week to receive bonus stocks https://lepochervolvopenta.com/6-stocks-to-buy-next-week-to-receive-bonus-stocks/ Sat, 10 Sep 2022 04:44:28 +0000 https://lepochervolvopenta.com/6-stocks-to-buy-next-week-to-receive-bonus-stocks/ Bajaj Finserv Bajaj Finserv is a large cap stock; it is a holding company for many Bajaj Group financial services companies. The company serves millions of customers by providing family and income protection through life and health insurance, asset acquisition through financing and many other services. The market capitalization of the stock is Rs. 274,054 […]]]>

Bajaj Finserv

Bajaj Finserv is a large cap stock; it is a holding company for many Bajaj Group financial services companies. The company serves millions of customers by providing family and income protection through life and health insurance, asset acquisition through financing and many other services.

The market capitalization of the stock is Rs. 274,054 Crore with a current market price of Rs. 17,206. The stock will give away the free shares at a ratio of 1:1 which means you will get 1 bonus share for ownership of each share.

Gail Ltd

Gail Ltd

Gail is a company in the Government of India Enterprise; it is an integrated natural gas company in India. The company owns more than 2,300 km of LPG pipelines, 11,500 km of natural gas pipelines, six LPG gas processing units and a petrochemical plant.

The market capitalization of the stock is Rs. 60,754 Crore with a current market price of Rs. 92.4. The stock will give the free shares in a ratio of 1:2, which means you will get 1 bonus share for owning 2 shares.

REC Ltd

REC Ltd

REC Ltd is a company that deals with the central public sector of the Ministry of Electricity and finances projects along the value chain of the electricity sector, from generation to distribution.

The market capitalization of the stock is Rs. 27,741 Crore, with a current market price of Rs. 105. The stock will give away the free shares at a ratio of 1:3, which means you will get 1 bonus share for owning 3 shares.

Sonata Software Limited

Sonata Software Limited

Sonata Software Limited is a multinational company that provides information technology consulting, solutions and services to many customers around the world. The company’s customer base includes the United States of America, the Middle East, Australia, Europe and India.

The market capitalization of the stock is Rs. 8,209 Crore, with a current market price of Rs. 586. The stock will give away the free shares at a ratio of 1:3, which means you will get 1 bonus share for owning 3 shares.

ANG Lifesciences India Limited

ANG Lifesciences India Limited

ANG Lifesciences India Limited is involved in the marketing and manufacturing of complete pharmaceutical formulations in the dosage form of sterile dry powder injection vials.
The market capitalization of the stock is Rs. 232 Crore, with a current market price of Rs. 179. The stock will give away the free shares at a ratio of 1:4, which means you will get 1 bonus share for possession of 4 shares.

Oxides and Chemicals Pondy Ltd

Oxides and Chemicals Pondy Ltd

The main activity of the company consists in transforming scrap lead in many forms into metal alloys and lead. The company uses waste lead-acid batteries to produce secondary lead metal, which is transformed into specific lead and pure lead alloys. It is also involved in the production of zinc oxide and zinc metal.

The market capitalization of the stock is Rs. 617 Crore, with a current market price of Rs. 1,061. The stock will give away the free shares at a ratio of 1:1, which means you will get 1 bonus share for ownership of each share.

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