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Market View
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ASEAN Regions Is Expected to Grow at a Compound Annual Growth Rate of 10.1% by 2018
Dec 4, 2012The automotive market in Association of Southeast Asian Nations (ASEAN) regions is expected to grow at a compound annual growth rate of 10.1% by 2018, according to a new report. Frost & Sullivan's report, 'CEO 360 Degree Perspective of ...
Tags: ASEAN, automotive market, CAGR
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Chevrolet Is Planning to Add a New Rear-Wheel-Drive 2014 Ss Sedan Next Year
Dec 4, 2012US carmaker Chevrolet is planning to add a new rear-wheel-drive sedan to its lineup, which will hit the market next year. The SS model will also be the carmaker's next NASCAR Sprint Cup racecar and will be unveiled in its race ...
Tags: Chevrolet, rear wheel drive, SS sedan, wheel
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Ford Motor and State Farm Have Teamed up to Offer Lower Insurance Premiums for Drivers
Dec 4, 2012Ford Motor and State Farm have teamed up to offer lower insurance premiums for drivers, using Ford SYNC technology. According to State Farm Insurance, it is expanding its Drive Safe & Save program, under which Ford SYNC equipped drivers ...
Tags: Ford Motor, State Farm, Ford SYNC technology, auto insurance
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Hurricane Isaac Will Cause Insurance Losses Between $700m-$2bn in The US
Dec 4, 2012Catastrophe modeling firm AIR Worldwide has forecasted that Hurricane Isaac will cause insurance losses between $700m-$2bn in the US. The calculation of losses includes wind and storm surge damage to onshore residential, commercial and ...
Tags: AIR Worldwide, catastrophe modeling, Hurricane Isaac, insurance loss
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Siemens Plans to Eliminate 4,700 Jobs at Its Osram Lighting
Dec 4, 2012Siemens AG (SIE) announced plans to eliminate an additional 4,700 jobs at its Osram lighting unit after it injected 699 million euros ($908 million) in capital at the subsidiary it is preparing to spin off next year The job cuts, ...
Tags: Siemens, cut job, light, Osram lighting, LED
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Insured Losses Will Be in The Range of $7bn to $15bn
Dec 4, 2012US catastrophe modeling firm AIR Worldwide has forecasted that insured losses from Hurricane Sandy to onshore properties in the US will be in the range of $7bn to $15bn. The estimation has been made based on the damage to ashore ...
Tags: catastrophe modeling, forecast, insured loss, US
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Osram Will Invest in Production Facilities Such as an LED Assembly Plant in China
Dec 4, 2012Osram will invest in production facilities such as an LED assembly plant in China, while at the same time selling other plants that make products using older lighting technologies. After parent company Siemens said it will spin off Osram ...
Tags: LEDS, LED, lighting technologies, lighting, lights
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The Latest Funding Opportunity From DOE Is for Round 4 of The SSL Manufacturing Program
Dec 4, 2012The latest funding opportunity from the DOE is for round 4 of the SSL Manufacturing program, supporting efforts to develop LED and OLED manufacturing strength in the US. The US Department of Energy (DOE) is offering up to $11 million in ...
Tags: DOE, LED, OLED, solid-state lighting, lights
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LED PAR38 Lamps Have Made Significant Improvements Recently
Dec 4, 2012The latest Caliper report finds that LED PAR38 lamps have made significant improvements recently, although more options and lower prices would be welcome. The latest Caliper report from the US Department ...
Tags: evaluates LED, LED, lamps, LED PAR38 lamps, Caliper report
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Philips Lighting Has Launched a Third-Generation LED-Based Fortimo LLM
Dec 4, 2012Philips Lighting has upgraded the performance of its Fortimo Linear Light Module (LLM) family with a constant light output feature in conjunction with the latest SSL Xitanium drivers. Philips Lighting has launched a third-generation ...
Tags: LED linear light module, Philips Lighting, Linear Light Module, LED
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SCA Hygiene Products and Sappi Applied for Approval for The Formation of a Joint Company
Dec 4, 2012SCA Hygiene Products and Sappi applied at the German Federal German Cartel Office for approval for the formation of a joint company on 5 November. The companies thereby implemented the announcement made by SCA in September that by the turn ...
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The EU and Indonesia Started a Test Run for Deliveries of Timber with Flegt Licences
Dec 4, 2012In October 2012, the EU and Indonesia started a test run for deliveries of timber with FLEGT licences. The aim is to identify and document potential problems with import and export deliveries from Indonesia to the EU associated with timber ...
Tags: FLEGT system, timber
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Mohawk Is Currently Negotiating a Larger Purchase in The Sector of Ceramic Tiles
Dec 4, 2012According to the US-American stock-exchange information service Seekingalpha and various business newspapers, Mohawk is currently negotiating a larger purchase in the sector of ceramic tiles. The object of their interest is apparently the ...
Tags: Mohawk, ceramic tiles, tile business
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Demand for Brazilian Elliotis Pine Plywood Has Picked up in Europe
Dec 4, 2012Demand for Brazilian elliotis pine plywood has picked up in Europe since mid-October after initially sluggish business. Importers have now bought large amounts against next year‘s duty-free quota for softwood plywood imports into the ...
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GHACEM Limited Has Increased Its Production Capacity at Its Tema Factory
Dec 4, 2012GHACEM Limited has increased its production capacity at its Tema factory from 1.2 million tonnes to 2.2 million tonnes per annum. This has further boosted the overall annual capacity to 3.4 million tonnes, with productions from the ...
Tags: production capacity, expansion project, cement, quality cement
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