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September Edition
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Table of Content s
1. Financial Updates.....................................................1
2.Solutions Updates....................................................13
6.Miscellaneous Updates...........................................56
Executive Commentary
The President of Nornickel, commented on the results,”The first half of 2019 was marked by weak global
macro environment as investors’ sentimentwas dominated by concerns over the slowdown of global
economy and unfavorable outcome ofthe US-China trade negotiations. Therefore, prices on all our key
metals except for palladiumwent substantially down.Amid these challenging market conditions, our
Company managed to deliver solid financialperformance owing to operating efficiency gains, which were
further supported by strongpalladium market. Output and sales of all our key metals increased and,
importantly, the operatingcost inflation was maintained below the Russian CPI.
Executive Commentary
Group President & CEO said: “In the second quarter of 2019, continued high demand for wind energy
helped Vestas achieve a record-high order intake of 5.7 GW and 15 percent growth in Service revenue.
Based on these strong sales results, our order backlog soared by EUR 8.5bn year-over-year to an all-time
high of EUR 31bn, again demonstrating our global leadership in a highly competitive market. Together
with our Offshore business’ increased profits, the first half of 2019 highlights the complementarity of our
business model’s three main areas, creating a great long-term outlook for Vestas. Prices remained stable in
the quarter, but further increases in tariffs, raw material prices and transport costs, continue to increase
execution costs, causing our gross margin to decline compared to the same period last year. To finish the
year as strongly as possible and prepare for high activity levels in 2020, we remain focused on executing
our strategy and delivering an extraordinarily busy second half of 2019.”
Executive Commentary
ALROSA’s Deputy CEO, commented on the results:“The diamond market continued to be
affected by a number of negative factors that had first emerged as early as the second half of
the previous year. These include a slowdown in jewellery sales following strong
performance of 2017–2018, particularly as a result of global macroeconomic uncertainties
amidst escalating trade wars. As an additional factor, mid-stream and retailers have elevated
inventories, while India's cutting and polishing business continues facing difficulties in
securing affordable financing. A new trend, i.e. growing share of online jewellery sales
mostly in the US, is now gaining its importance for the industry.
Executive Commentary
U-lralkali CEO, commented: An increase in potash prices in late
fundamentals.
Description 5
Volkswagen has acquired a minority stake in the leading technology company SeeReal
Technologies. This participation will secure access for the Group to future-oriented
augmented reality in the field of display technologies for the automobile. The research
project will provide the Group with key know-how to make driving even safer and more
convenient in the future. Potentially hazardous situations on the road will be projected into
passengers will be able to play hovering three-dimensional Tetris – these visions could soon
Executive Commentary
The CEO of SeeReal Technologies S.A.says: "Automotive applications
and interaction solutions for drivers and passengers represent a
significant market potential for SeeReal holographic display
technology. The current cooperation, which combines Volkswagen's
technology and market leadership with SeeReal's unique holographic
display technology, will be further strengthened by Volkswagen's
investment in SeeReal.”
For more details, please click the link below:
https://www.volkswagenag.com/en/news/2019/08/Volkswagen_Group_invests_in_leading_technology_company.html
Description
6
Siemens is planning to acquire Process Systems Enterprise (PSE), a technology-
leading global supplier of software and services for advanced process
modelling. Advanced models are used within digital R&D, design and
operations in the process industries to help make fast, safe and more efficient
decisions through rapid and effective exploration of the decision space. PSE
offers model-based solutions that span the entire process lifecycle via a unified
and integrated set of tools. This provides a wide range of state-of-the-art
model-based solutions that strongly complement the Siemens portfolio in the
process industry sector and will also further strengthen Siemens' position as a
leading provider in comprehensive plant management over the entire lifecycle.
Executive Commentary
"The combination of high-fidelity predictive models and real-time process data
play an increasingly important role in the digitalization of operations in the
process industry. It is important to take the process knowledge that is already
available in product and process development and to map it in predictive
models, which can then be used to add value in the digitalization environment in
every step of the lifecycle," states CEO of Business Unit Process Automation.
Description
7
Boeing and Safran announced a joint investment in Electric Power Systems (EPS), a
company offering a suite of safe, certifiable and lightweight energy storage products that
provide high-quality power for aerospace and other markets. The joint investment will help
EPS develop a highly automated industrial base capable of producing aviation-grade
energy storage systems at an unprecedented scale. The investment will also support the
advancement of technologies to further reduce the costs of battery systems for electric
airplanes.Boeing HorizonX Ventures and Safran Corporate Ventures jointly invested in EPS
during this Series A funding round. EPS is the second advanced battery solutions company
to join the Boeing HorizonX Ventures investment portfolio, following an investment in
Cuberg, an advanced lithium metal battery technology company, in 2018. Safran Ventures
also recently invested in OXIS Energy, a UK-based leader in lithium-sulfur cell technology
for high energy density battery systems.
Executive Commentary
"Electrification of flight has the potential to fundamentally change how
goods, services and humans connect. We are thrilled to work with vision-
ary companies such as Boeing and Safran to further develop and field
advanced energy solutions that can meet real world mission demands,"
Executive Commentary
“CNH Industrial is committed to further digitalizing modern agriculture,
with the clear ambition to develop a comprehensive suite of digital and
connectivity services to help our customers run their farming operations in
a seamless and productive way,” saidChief Executive Officer, CNH Indus-
trial. “The acquisition of AgDNA, is further evidence of our continuing
investment in digital farming.”
Executive Commentary
“Expanding and modernizing our capacities are important elements of our growth,”
says Chief Executive Officer of thyssenkrupp Materials Services. “Innovative
logistics, automation and digitalization will help us improve our performance and our
productivity. That means we can cater even better to the individual requirements of
our customers while they can concentrate on their core business.” Connected
processing equipment and the digital integration of the company’s sites will ensure
flexible and perfectly coordinated logistics processes and services.
Executive Commentary
Gonzalo Galindo, CEO of CEMEX Ventures said, “With this investment, we seek to
improve a critical point in the construction value chain, ensuring the efficient on-site
delivery of materials. Our open collaboration platform enables us to bring new
innovative solutions and business models to CEMEX customers. We work to identify
our industry’s challenges and position our company at the forefront of the
construction revolution.”
Executive Commentary
Head of Severstal Ventures, commented:“We are delighted to announce Severstal’s
investment in Arcanum Alloys, Inc., which we believe is a leading innovative
metallurgy company. By increasing our exposure to the latest technologies and
alternative methods for producing different types of steel, we continue to expand
Severstal’s competitive advantages and drive innovation in the steel industry. The
Company expects to receive financial returns on its investment in Arcanum Alloys, and
also to become one of the first globally to be able to offer these products to its
customers. Severstal plans to present to our clients steel produced using Arcanum
Alloys’ technology on our pilot production at Cherepovets Steel Mill in 2020.”
Description 12
Sime Darby Berhad announced that its subsidiary, Sime Darby Motors
(Australia) Pty Limited has entered into binding agreements with Trivett, the
automotive retail unit of Inchcape Australia Limited to acquire the business
assets and properties of three car dealerships representing the BMW, MINI,
Volkswagen, Jaguar and Land Rover marques in the suburb of Parramatta in
Sydney. The deal adds Volkswagen, Jaguar and Land Rover to Sime Darby
Berhad’s list of marques in Australia, managed by its Motors Division, Sime
Darby Motors. It represents all five marques in the other markets it operates in.
Executive Commentary
“The proposed investment is aligned to Sime Darby Motors’ strategy to expand via
mergers and acquisitions, targeting the retail luxury and super luxury segments,
particularly in large markets like Australia. The addition of these dealerships to our
existing Porsche Parramatta operations will expand our scale in the retail luxury
business at one of Sydney’s most recognised automotive retail locations.Following
close on the heels of Sime Darby Berhad’s announcement on the purchase of the
trans-Tasman Gough Group, this acquisition shows the Group’s long-term
commitment to investment in Australasia," said Patrick Managing Director of Sime
Darby Motors Australia and New Zealand.
Solution Updates
Manufacturing Industry
including rampant delays and cost overruns, which can be caused by lack of
These challenges can adversely affect the efficiency of the operational plant or
can consolidate asset data and weave a digital thread from project delivery into
Regional airline Wideroe of Norway is the first operator to use the new
Airbus Defence and Space has released the latest version of OceanFinder, its digital
advanced constellation of optical and radar satellites, combined with real-time global
Automatic Identification System (AIS) data, and the latest in automated analytics, to
support a broad range of critical applications across defence and security, shipping,
oil and gas, and insurance markets.OceanFinder’s latest updates introduce a number
From, users will benefit from enhanced imagery and AIS data correlation to identify
has been combined with the latest in fully-automated detection and classification,
a few seconds. Subsequently, Airbus’ human analysts are able to focus on providing
threats, without delaying a report’s delivery. New tools have also been incorporated
to provide the most relevant acquisition plan to predict routes and projected locations
Solution Descriptio n
20
Aware software with Avigilon Blue™, the company’s cloud video security
platform. Video feeds from private enterprises using the Avigilon Blue platform
to assist officers in the field. The integration enables public safety agencies
access authorized by the enterprise with the click of a button – during or after
an incident – and lets private enterprises continue to manage and monitor their
own video feeds and camera networks. For example, when a robbery occurs in
the parking lot of a local grocery store, the parking lot video feed contains
information critical to first responders. With permission from the grocery store,
public safety agencies can access video through the Avigilon Blue platform
they arrive on the scene. Recorded video can also be accessed post-incident,
Solution Descriptio n
21
The lighting and electronics expert HELLA has consistently developed its Matrix
LED systems further and is now launching the next generation of lighting technology
on the market. With the so-called "Solid State Lighting | High Definition" (SSL | HD)
technology, the company has further miniaturized the light source so that 15,000
LED pixels can now be individually and intelligently controlled. A first series order
for the integration of the technology into a headlamp has already been successfully
acquired. This should be available on the road in the next three years.
Individualization is a growing trend in the entire automotive industry. Against this
background, HELLA is working on new lighting solutions that can be integrated into
the vehicle architecture in a much smaller space while maintaining high performance
and functionality, thus offering original equipment manufacturers additional degrees
of freedom in individual vehicle design. This is achieved, for example, through
miniaturization concepts. With the SSL | HD technology, HELLA has now integrated
very small, individually switchable LED pixels on intelligent driver chips. By
controlling the individual pixels, the light distribution on the road can be generated
directly at the light source surface and projected onto the road via a multi-stage
optical system. The higher number of pixels and the enlarged light-emitting surface
allow new applications with higher light quality and performance.
R&R Description
23
The All-New 2020 Hyundai Sonata and Le Fil Rouge concept have been
recognized as finalists at the 2019 International Design Excellence
Awards® (IDEA) by the Industrial Designers Society of America (IDSA)
for their bold and artful design innovations. IDEA honors design
excellence that improves quality of life and pushes conceptual and
engineering boundaries in categories such as Automotive and
Transportation, Design Strategy, Consumer Technology, Environments and
more.The 2020 Sonata is a celebration of the four-door coupe. It has a
distinct tension on the side that harmoniously blends crisply layered body
lines and the vehicle’s aerodynamic frame. Concave and convex forms are
also carefully orchestrated to highlight its voluptuous fastback character.
Another attractive feature is Sonata’s athletic ambience created by a wide,
long and layered hood, low-hanging stance and sleek roofline. Boasting a
high-powered look, the 2020 Sonata has an average height (including the
deck lid) nearly an inch lower than any of its predecessors.’ The ultra-wide
rear taillight adds to the Sonata’s sporty character.
was held in Kazan, the Russian Federation from August 22 to 27. The
CNC Turning, and CNC Milling; two Indonesians in CNC Milling and
R&R Description
26
For the 10th straight year, Teck Resources Limited has been named to
the Dow Jones Sustainability World Index (DJSI), indicating that
Teck’s sustainability practices are in the top 10 percent of the 2,500
largest companies in the S&P Global Broad Market Index (BMI).Teck
was the top-ranked mining company on both the World and North
American Index based on an in-depth analysis of economic, social and
environmental performance. Teck scored the highest in the industry in
supply chain management, biodiversity, environment policy and
management systems, operational eco-efficiency, corporate citizenship
and philanthropy, human capital development, and social reporting.
Dow Jones contracts RobecoSAM, an investment specialist focused on
sustainability investing, to compile the DJSI. The DJSI tracks the
performance of global sustainability leaders, through an annual
assessment of the world’s 2,500 largest public companies. Among
other factors, it measures management practices surrounding
economic, environmental and social criteria. Click here for more
information on the DJSI.
Ingersoll Rand Named to the FTSE4Good Index Series for Fifth Consecutive Year,
Demonstrating Strong Environmental, Social and Governance (ESG) Practices
R&R Description
27
For the fifth consecutive year, Ingersoll Rand, a world leader in
creating comfortable, sustainable and efficient environments,
has been named to the FTSE4Good Index Series that measures
the performance of companies demonstrating strong
environmental, social and governance (ESG) practices. The
index series is a leading benchmark for socially responsible
investment and further demonstrates Ingersoll Rand’s, and its
strategic climate brands’ Thermo King® and Trane®,
commitment to ethical and responsible practices that promote
environmental stewardship, human rights and corporate
governance.Companies in the series have met stringent ESG
criteria. Ratings are designed to provide a multi-dimensional
measure of ESG exposure and practice and to provide the
investment community with a tool to be used in portfolio design
and management against ESG criteria, or as a framework for
corporate engagement and stewardship.
R&R Description
29
CNH Industrial is the Industry Leader in Machinery and Electrical Equipment in the
Dow Jones Sustainability Indices (DJSI), World and Europe, for the ninth
consecutive year. The DJSI World and DJSI Europe are among the most prestigious
sustainability-focused equity indices. Inclusion in these indices is exclusively for
companies that are judged as exemplary in terms of their economic, environmental
and social performance. This year, the DJSI World evaluation process invited 86
companies to participate in the Machinery and Electrical Equipment industry
category, 11 of which were admitted to the index. For the DJSI Europe Index, 30
companies were invited to participate and 6 were admitted. The 2019 assessment
resulted in a score of 88/100 for CNH Industrial, compared to an average of 79/100
for the companies included in the DJSI World and Europe for the Machinery and
Electrical Equipment industry. All companies selected for consideration in the indices
are evaluated by SAM, the business unit within RobecoSAM, which specializes in
providing Environmental, Social, and Governance (ESG) data, ratings, and
benchmarking. CNH Industrial received the highest score in the areas of:
Environmental Policy & Management System, Operational Eco-Efficiency
(environmental dimension) as well as Social Reporting, Human Rights and Human
Capital Development (social dimension), Code of Business Conduct and Supply
Chain Management (economic dimension).
R&R Description
31
Smurfit Kappa has been listed on a new sustainability index that
recognises companies active in the reduction of plastic
pollution. The Solactive ISS ESG ‘Beyond Plastic Waste’ Index
tracks companies that provide solutions for the reduction,
replacement, reuse and recycling of plastic. The recognition
comes less than a year after the industry leader launched its
Better Planet Packaging initiative that seeks to reduce
packaging waste and address the challenges of waste and litter
that end up in oceans and landfill. Smurfit Kappa, which is one
of 23 companies listed, has a large portfolio of sustainable
paper-based packaging solutions that are a suitable replacement
for less recycled materials such as plastic. These include
paper-based pizza discs which provide an environmentally
friendly alternative to polystyrene and a Hexacomb packaging
solution which cushions fragile products during transit and is
100% recyclable.
de Empresarios de Colombia). The award was recognition for the work that
care brand and Wiego, a global body that focuses on creating livelihoods
for the poor. Since the project began in 2014, more than 1700 people
working in recycling jobs, along with their families, have benefited from
machinery.
Description 34
Boeing will provide GainJet, a global private jet charter operator and
including Operator, JetPlanner Pro, FliteDeck Pro X and Aviator to optimize its
Athens, Greece. The company also has a subsidiary AOC operation based in
specializes in primarily dealing with large groups of VIP passengers and focuses
current fleet of over 20 VIP aircraft (GainJet Aviation S.A and GainJet Ireland)
VIP Boeing 757, VIP Boeing 737, Boeing Business Jet (BBJ), Gulfstream
G650, G550, G450, Bombardier Global 5000, Challenger 605, Challenger 604,
Learjet 60XR, Embraer Legacy 600, Embraer Lineage 1000, VIP MD87, and
Description 35
Boeing will continue its legacy of A-10 Thunderbolt II sustainment
work under an Indefinite Delivery/Indefinite Quantity (IDIQ) contract
award from the U.S. Air Force (USAF), with a maximum ceiling value
of $999 million. Under the contract, which was competitively awarded,
Boeing will be responsible for managing the production of a maximum
of 112 wing sets and spare kits. The USAF ordered 27 wing sets
immediately at contract award.Boeing will team with Korean
Aerospace Industries and other key suppliers to deliver the first wing
sets to Hill Air Force Base in Ogden, Utah.Under a previous contract,
Boeing delivered 173 enhanced wing assemblies.Boeing is the world's
largest aerospace company and leading provider of commercial
airplanes, defense, space and security systems, and global services. As
the top U.S. exporter, the company supports commercial and
government customers in more than 150 countries. Boeing employs
more than 150,000 people worldwide and leverages the talents of a
global supplier base. Building on a legacy of aerospace leadership,
Boeing continues to lead in technology and innovation, deliver for its
customers and invest in its people and future growth.
Description 36
Honeywell announced that PetroChina Guangdong Petrochemical
into the raw materials for motor fuels and petrochemicals. The facility also
will include two Honeywell UOP CCR Platforming™ units, each with a
Description 37
Iveco Defence Vehicles, a company of CNH Industrial N.V., announced that it has
been awarded a contract by the Dutch Ministry of Defence to provide 1275 medium
through 2026. The Iveco Defence Vehicles’ MTV – Medium Tactical Vehicle, is
designed to combine high tactical 4x4 mobility, optimal off-road performance and
modularity and system integration capabilities are guaranteed across all range
variants such as hard top, soft top, pick up, casualty transport and personnel
transport, in order to support all different Military users, from Army to Marines,
Navy, Air Force, Special Operational Units and Military Police. High reliability, ease
of maintenance and low through life cycle costs were core requirements during the
design of MTV, guiding the choice of the main assemblies towards components with
proven performance and reliability over many millions kilometers in the most
Description 38
Hyflyer Innovations created the NANI brand to improve consumer lifestyles by combining
practical functionality with a flair for style. The NANI range of storageware achieves this
goal with four exciting products. All are made with Tritan™ from Eastman to ensure design
flexibility, durability, and lasting good looks. Tritan is a crystal clear and durable polymer
approved by the U.S. Food and Drug Administration (FDA) for food contact applications.
BPA-free Tritan is shatter resistant and resists odors and stains, so storageware items retain
their high-quality beauty while retaining the freshness and quality of their contents. NANI’s
Lock & Strong storage containers have the transparency and quality appearance of glass
but are shatter resistant, more durable, and easier to handle. Leakproof lids are available in
four accent colors and lock tight to prevent spills when you store leftovers and sauces.
Tritan helps ensure the containers’ clarity and gloss after repeated usage and washings.
Glassy Classy containers have a shape as unique as their name. Tritan helps ensure they
will retain their glassy clarity — and keep looking classy after years of use. An airtight seal
protects contents from moisture and contaminants, and a choice of three accent colors lets
you match the containers to your décor. Glassy Classy containers are ideal for sauces,
desserts and chips — and the durability of Tritan keeps them clear and glossy even when
Description 39
Vestas has received an 11 MW order from long-term customer
order for the EnVentus platform in Germany and the project will
stronger business case for the customer, the EnVentus turbines for
the project will come with a 25-year certified life time that enables
Description 40
Vestas has secured an order from BayWar.e. for the 95 MW wind
Description 41
AMETEK SCP, a world leader in underwater cable and
Description 42
The technology group Wärtsilä will supply and install an Auto Gasification
solution for the ‘Regal Princess’, a Princess Cruises vessel. This innovative
technology will enable the safe disposal of waste from the ship through a
self-fuelling thermal decomposition unit, thereby significantly reducing
greenhouse gas emissions. It will also lessen the requirement to offload waste at
shore facilities. Princess Cruises is a Carnival Corporation & plc brand
operating as part of the Holland America Group. The order with Wärtsilä was
placed in July 2019. The Wärtsilä supplied gasification unit will replace one of
the vessel’s onboard incinerators, and will safely dispose of hazardous,
contaminated, and dry burnable waste in an environmentally sustainable way.
The emissions quality from this system exceed the standards of land based
thermal destruction, and treating waste onboard the vessel rather than offloading
in port therefore significantly reduces the environmental impact. Furthermore,
since the system recovers energy from the waste heat being produced by the
thermal destruction process, additional energy and emission savings will be
gained. The auto gasification process will reduce the ship’s waste to less than 5
percent of the original volume, and will produce Bio Char, a sterilised inert
material, and syngas (synthesis gas), which is recycled within the unit as fuel.
Description 43
The technology group Wärtsilä will supply a broad scope of solutions that
will support Hurtigruten, the world’s largest expedition cruise operator, in
its push for greener and more sustainable shipping. Hurtigruten, considered
one of the world’s most sustainable cruise operators, is converting an
additional three vessels to become premium, hybrid powered expedition
cruise ships. The order with Wärtsilä was placed in Q2 2019 and covers the
‘MS Finnmarken’, the first of the three vessels to be upgraded. Following
the conversion project, the 140 metre, 530 guest MS Finnmarken will be
renamed the MS Otto Sverdrup. The scope includes upgrading the ship’s
Wärtsilä engines for selective catalytic reduction (SCR) technology to
restrict emissions of nitrogen oxides (NOx). Four Wärtsilä Nitrogen Oxide
Reducer (NOR) systems will be installed for this conversion. Wärtsilä will
also deliver two Energopac systems. The integrated propeller and rudder
design of the WärtsiläEnergopac utilises advanced hydrodynamic
technology to optimise propulsion efficiency. This enables effective
savings in fuel, costs, and emissions. The ship will also have the capability
to operate on battery power to further lessen its environmental footprint.
Description 44
Toyota Motor Corporation and Suzuki Motor Corporation hereby
announce that the two companies entered into an agreement
regarding a capital alliance (the "Alliance"), in order to establish
and promote a long-term partnership between the two companies
for promoting collaboration in new fields, including the field of
autonomous driving.The two companies began considering
business partnership on October 12, 2016, and since then have
continued to consider specific details. On March 20 of this year, the
companies announced that they would begin specific
considerations in order to engage in joint product development and
collaboration in production, in addition to promoting the mutual
supply of products, by bringing together Toyota's strength in
electrification technologies and Suzuki's strength in technologies
for compact vehicles.
Description 45
Volkswagen AG and Northvolt AB have created a 50/50 joint
venture to build a factory for lithium-ion batteries. Construction
of the production facility is scheduled to start in Salzgitter
(Lower Saxony) in 2020. Start of production is planned for the
end of 2023/beginning of 2024. The initial annual output is to
be 16 GWh. The finalization of the joint venture is the result of
an agreement which both parties concluded in June. Part of the
approximately 900 million euros invested by Volkswagen is
now flowing into the joint venture. Another part goes directly to
Northvolt. In return, Volkswagen has received about 20 percent
of the shares in the Swedish battery manufacturer and a seat on
the Supervisory Board.As part of the electrification strategy, the
Volkswagen Group alone has an annual demand of more than
150 gigawatt hours from 2025 in Europe – and also in Asia at
the same level.
Description 46
Siemens and Stromnetz Hamburg GmbH have started collaborating on a three-year
pilot project aimed at avoiding extensive expansion of the low-voltage networks and
secondary distribution networks, the project's goal is to facilitate stable and reliable
operation of the low-voltage networks to ensure secure power supply as demand for
secure, reliable network operation and, at the same time, enable home charging
also be maintained. Until now, home charging stations have generally been integrated
networks reach their capacity limits when a large number of electric cars are charged
simultaneously, during peak periods such as the end of a work day. The capacity
Eramet, BASF and SUEZ partner to develop an innovative closed-loop process for the recycling
of lithium-ion batteries, responding to the strong growth of the market in the coming years
Description 47
The “Recycling Li-ion batteries for electric Vehicle” (ReLieVe) project, founded by
Eramet, BASF and SUEZ, will receive a substantial funding of €4.7 million by EIT
Raw Materials, a consortium initiated and funded by the European Union, and the
three members. The objective is to develop an innovative closed-loop process to
recycle lithium-ion batteries from electric vehicles and to enable the production of
new lithium-ion batteries in Europe.As of January 2020, and over a two-year period,
the project ReLieVe will carry out a series of activities for the large-scale
development of this innovative process and the structuring of an integrated industrial
sector: from the collection and dismantling of end-of-life batteries going into
recycling all the way to the manufacturing of new electrode materials.The
collaboration along the value chain supports an efficient and integrated approach.
The industrial members of the project are leaders in their sector and are ideally
placed in the value chain: SUEZ for collection and dismantling of end-of-life
batteries; Eramet for the development of the recycling process; and BASF for the
manufacturing of cathode active materials. Academic researchers from
ChimieParisTech and the Norwegian University of Science and Technology (NTNU)
will support the members to accelerate the search for innovative solutions. The
industrial members will also be backed by the automotive sector that will be part of
the advisory committee.
Description 48
ArcelorMittal, the world’s leading steel and mining company, has signed a
memorandum of understanding with international energy firm Equinor to
develop value chains in carbon capture and storage. Equinor is a partner in the
Northern Lights project, together with partners Shell and Total, which includes
transport, reception and permanent storage of CO2 in a reservoir in the northern
part of the North Sea. ArcelorMittal committed to the project with Equinor at a
ceremony in Oslo, where the European Commission is hosting a High-Level
Conference on Carbon Capture and Storage (CCS) together with the Norwegian
Ministry of Petroleum and Energy. The, memorandums of understanding have
been signed between Equinor and ArcelorMittal, as well as Air Liquide, Ervia,
FortumOyj, HeidelbergCement AG, Preem, and Stockholm Exergi. As part of
the project, ArcelorMittal – which has an ambition to be carbon neutral by 2050
within Europe - has committed to a number of joint activities including the
development of logistics, exploring potential commercial models, and
advocating on the topic of carbon capture and use (CCU) and CCS, as an
important part of the successful decarbonisation of European industry. The
company’s primary role will be the capture of CO2 gas from its blast furnaces.
Description 49
UPM enters into a long-term charter agreement with the Finnish Bore Ltd and the
Dutch WijnneBarends, both affiliates of the Dutch Spliethoff Group. Together, the
companies will design and build seven state-of-the-art vessels for sustainable sea
transportation for UPM in Europe.Bore Ltd will build three (3) RoLo vessels for
transporting UPM’s paper products and WijnneBarends four (4) LoLo vessels for
transporting the company’s pulp and other forest products. The vessels will be built
in China and are scheduled to be delivered in 2021 and 2022. When taken into
professionals.All vessels are time charterered by UPM and hence will be fully
operated by the company. They will be ice-strengthened and meet the latest
with liquid natural gas (LNG) which results in a significant (approximately 25%)
reduction of CO2 emissions compared with commonly used marine gas oil. In
addition, nitrogen oxides (NOx) and sulphur oxides (SOx) emissions will decrease
approximately 85% and 99%, respectively. The emissions of soot particles will also
Description 54
JTEKT Corporation and Plug and Play LLC, known as a global innovation
platform to work on supporting and nurturing start-ups together with major
global companies, announced that they announced that they have signed a
partnership agreement aimed at technological innovation and new business
creation in new areas.In recent years, various social issues have arisen, such as;
major changes related the automobile industry called CASE, sophistication of
the manufacturing industry called smart factories, a decreasing labors
population and environmental concern. To solve these issues, JTEKT promotes
research and development and technological innovation not only in existing
businesses but also in new fields. To put this into practice, JTEKT needs to
create innovation and new business areas by accelerating development speeds
not only by utilizing its own seeds but also by combining with superior
technologies possessed of start-ups and other external parties. JTEKT signed up
a partnership with Plug and Play LLC, which has already established global
network with many start-ups. JTEKT plans to speed up its R&D processes with
supporting start-ups and acquiring their technologies and knowledge.
command center software and video security and analytics, and Silver Lake, a
global leader in technology investing, announced they will extend their strategic
will make a new $1 billion investment in Motorola Solutions, and settle its
outstanding $800 million aggregate principal investment one year ahead of its
Solutions, and Wachtell, Lipton, Rosen & Katz served as Motorola Solutions’
with over $43 billion in combined assets under management and committed
professionals located in Silicon Valley, New York, London and Hong Kong.
Miscellaneous Updates
Manufacturing Industry
Description 57
Description
58
ABB announced that it has started construction of its new
robotics manufacturing and research facility in China, the
world’s largest robotics market. The facility is expected to open
during 2021 and represents a total investment of US$150
million (1.1 billion RMB). The new 67,000 m2 factory in
Kangqiao, near Shanghai, will deploy the latest manufacturing
processes, including machine learning, digital and collaborative
solutions. It will be the most advanced, automated and flexible
factory in the robotics industry worldwide – a center where
robots make robots. The new factory will also host an onsite
research and development center, which will help accelerate
innovations in Artificial Intelligence (AI). The center will serve
as an open innovation hub where ABB closely collaborates with
its customers to co-develop automation solutions that are
tailored to their individual needs.
Description 59
Mitsubishi Chemical Corporation announced that on July 31, in the first
hearing on the case in the Shenzhen Intermediate People's Court, it
obtained a judgement recognizing the infringement of its patent for red
phosphor in China by the defendants, U.S.-based Intematix Corporation, its
affiliate in China, Intematix Suzhou Lighting Co., Ltd., and its sales
agency, GrandLux Optoelectronics Co., Ltd. (collectively, “Intematix and
two companies”).MCC filed a suit in the Shenzhen Intermediate People's
Court alleging that products of Intematix and two companies infringed on
the patent (No. ZL201110066517.7*) for red phosphor, owned by MCC
and the National Institute for Materials Science. MCC sought an injunction
on the production and sale of phosphors in China and damages in this
litigation. The court recognized MCC’s claim and adjudicated an injunction
to the aforementioned Intematix and two companies’ infringement action
and to order Intematix and two companies to pay a total of 2 million yuan
(approximately 30 million yen) as compensation.
Description
60
NLMK Group is pleased to announce that it has joined the
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