Extract from the Study SCI/VERKEHR COLOGNE 2014 WORLDWIDE MANUFACTURERS OF RAIL INFRASTRUCTURE. Business, Portfolios, Facts, Figures

Size: px
Start display at page:

Download "Extract from the Study SCI/VERKEHR COLOGNE 2014 WORLDWIDE MANUFACTURERS OF RAIL INFRASTRUCTURE. Business, Portfolios, Facts, Figures"

Transcription

1 SCI/VERKEHR COLOGNE 2014 WORLDWIDE MANUFACTURERS OF RAIL INFRASTRUCTURE Business, Portfolios, Facts, Figures

2 WORLDWIDE MANUFACTURERS OF RAIL INFRASTRUCTURE Business, Portfolios, Facts, Figures This study provides a comprehensive and consistent overview of the most significant market players in the field of rail infrastructure manufacturing, including identification, assessment and ranking of corporate data and enabling quick and meaningful comparison of numerous corporate details. Several hundred companies in the railway infrastructure sector have been surveyed and 100 selected for their specific significance as a manufacturer of railway infrastructure (track system, electrification, and control command and signalling). The ranking reveals not only the leading players in the market but also the hidden champions, who realise remarkable growth using cutting-edge technology in dedicated niche markets. The first step in the survey identified the market players with the largest turnover in the field of rail infrastructure. A survey of the share of rail manufacturing turnover in the total corporate (or business unit) business identifies the relative significance of rail infrastructure in the overall turnover of each market player. Thirdly, the market players distinctive positions were identified in core rail infrastructure product markets, including: Track System Electrification Control Command and Signalling Rails Switches/Turnouts and Crossings Rail Fastenings Catenary Equipment Traction Power Supply Electronic Interlockings Finally, the year-over-year development of turnover was assessed in order to identify the most dynamic enterprises. To create an overall benchmark, all four individual indicators were added up to a single individual parameter value for each manufacturer. Some additional assessments reveal the relationships between the manufacturers turnovers, infrastructure turnover shares, company CAGRs, and company margins, as far as appropriate data was available. All input data used for these assessments has been summarized in corporate fact sheets; they have been sent to the respective market players for discussion and revaluation and can be found in the study s annexe and easily used for all kinds of advanced detailed analysis. The English version of the study is available from April 2014 at the price of EUR 3,300 + VAT Contact: SCI Verkehr GmbH Ann Kathrin Arntz Tel: SCI Verkehr GmbH 2

3 CONTENTS 1 Executive Summary Overview Major structural movements in the rail manufacturing business since Track System Electrification Electrification / Control Command and Signalling Control Command and Signalling (including Telecommunication) Summary Segmental ratings Track System Electrification Control Command and Signalling Summary Methodology Selection of Market Players for Survey Manufacturers versus Other Suppliers Non-Rail Activities Rolling Stock Infrastructure-Related Services Infrastructure Manufacturing Survey Criteria Rail Infrastructure Turnover Rail Infrastructure Share in Total Turnover Market Share(s) in the Respective Field(s) of Activity Recent Turnover Development Total evaluation Additional assessments Alphabetical List of Surveyed Companies SCI Verkehr GmbH 3

4 3 The Most Significant Manufacturers The Largest Manufacturers by Rail Infrastructure Turnover The Most Dedicated Manufacturers by Rail Infrastructure Share in Total Turnover The Most Specialised Manufacturers by Market Shares in Selected Product Groups The Most Dynamic Manufacturers by Recent Turnover Development The Relationship between Infrastructure Business Size, Dynamics and Profitability Segmental Analysis Track System Overview of Top Manufacturers Market Shares in the Core Product Markets Electrification Overview of Top Manufacturers Market Shares in the Core Product Markets Control Command and Signalling Overview of Top Manufacturers Market Shares in the Core Product Markets The study contains 25 figures and 5 tables. ANNEXE The 100 Most Significant Rail Infrastructure Manufacturers: Corporate Fact Sheets SCI Verkehr GmbH 4

5 Extract from the Study ( ) In a differentiated view of four criteria (infrastructure turnover, infrastructure turnover share in total turnover, market shares in core markets and recent turnover development), Siemens AG (Infrastructure and Cities Sector, Transportation & Logistics Business, Mobility and Logistics Division) is the leading global infrastructure manufacturer. Infrastructure Top 10 Manufacturers [Score] Siemens (Mobility and Logistics) voestalpine BetElTrans* Vossloh Rail Infrastructure CRSC* Thales Transportation Systems Elteza* Ansaldo STS Kyosan Steel Authority of India (SAIL)* Eligibility Criteria: Rail Infrastructure Turnover, Rail Infrastructure Share in Total Turnover, Market Share(s) in Selected Core Product Markets (Track System: Rails, Swithces/Turnouts and Crossings, Rail Fastenings Electrification: Catenary, Traction Power Supply Control Command and Signalling: Electronic Interlockings), Recent Turnover Development (3-Year CAGR) * = Manufacturers owned by national governments or by national incumbent railway network managers Figure: Infrastructure Top 10 Manufacturers ( ) Compared to the results in SCI Verkehr s previous study of 2009, the new methodology reveals a range of instructive details both overall and in the segmental analysis. The following table shows the final results for the top 20 manufacturers. Rank Criteria: Infrastructure Turnover Infrastructure Turnover Share in Total Turnover Market Shares in Core Product Markets [2] Recent Turnover Development Total Score 3-Year Before After [EUR million] Score [%] Score Score CAGR Score Extrapolation[4] [%] Weighting[3]: none xx% none xx% xx% none xx% none none Siemens (Mobility 1. and Logistics) xx xx xx xx xx xx xx xx xx 2. voestalpine xx xx xx xx xx xx xx xx xx 18. Daido Signal xx xx xx xx xx xx xx xx xx 19. Gross & Janes xx xx xx xx xx xx xx xx xx 20. Baosteel [1] xx xx xx xx xx xx xx xx xx [1] = Manufacturers owned by national governments or by national incumbent rail infrastructure managers [2] = Core Product Markets: rails; switches/turnouts and crossings; rail fastenings; catenary; traction power supply; electronic interlockings. [3] = Weighting: in order to reflect the varying significance of the different criteria used, a comparative weighting between them was established ( ). [4] = Extrapolation: in cases where data was not available, or core product market shares not existent, ( ). e = estimated; = unknown Table: Infrastructure: Results for the Top 20 Manufacturers SCI Verkehr GmbH 5

6 Suppliers Non-Rail Activities (e.g. automotive, civil engineering, industrial services, etc.) Rolling-Stock Related Activities (e.g. manufacturing, assembling, trade, etc.) Non-Manufacturing Infrastructure Activities (e.g. trade, construction services, etc.) Rail Infrastructure Manufacturing Track Electrification Control Command and Signalling Delimitation of Rail Infrastructure Manufacturing Infrastructure: Top Manufacturers by Turnover, Dynamics and Profitability 20% xx [2] 15% 10% 5% 0% xx [1] xx [2] xx [1] xx [1] xx [3] xxl* [4] xx[1] -5% -10% -5% 0% 5% 10% 15% 20% 25% The Manufacturers' Fields of Activity: Margin** xx [1] xx [1] = Track System = Electrification and Control Command and Signalling = Electrification = Track System and Control Command and Signalling = Control Command and Signalling = Active in All Segments The selection has been restricted to manufacturers for which there is sufficient data available. * = Manufacturers owned by national governments or by national incumbent railway network managers ** = [1] = EBIT Margin; [2] = Segment Profit Margin; [3] = Profit from Operations Margin; [4] = Net Profit Margin = Diameter: EUR xx million in Rail Infrastructure Turnover Figure: Infrastructure Top Manufacturers by Turnover, Dynamics and Profitability Control Command and Signalling: Electronic Interlockings Top Market Players by 3-Year CAGR and Product Market Share 30% 25% 20% 15% 10% 5% 0% xx xx xx xx* xx xx xx xx xx xx 3-Year CAGR Product Market Share Electronic Interlockings The selection has been restricted to manufacturers for which there is sufficient data available. * = Manufacturers owned by national governments or by national incumbent railway network managers Figure: Control Command and Signalling: Electronic Interlockings Top Market Players by 3-Year CAGRs and Product Market Share SCI Verkehr GmbH 6

7 Company Headquartered in (Country) ABB Ltd. (ABB Group) Switzerland Alpiq Group Alpiq InTec Group Switzerland Alstom Transport SA France Angang Steel Company Ltd. (Ansteel) Ansaldo STS SpA ArcelorMittal (Long Carbon Americas and Europe Segment) Luxemburg Arrium Ltd. OneSteel Steel & Recycling Australia AŽD Praha s.r.o. Czech Republic Balfour Beatty plc (Construction Services Division) Balfour Beatty Rail United Kingdom Baoshan Iron & Steel Co. Ltd. (Baogang, Baosteel) BBR Baudis Bergmann Rösch Verkehrstechnik GmbH BetElTrans, JSC (ОАО БетЭлТранс, БЭТ/BET) Russia Bombardier Transportation GmbH Changshu Cowin Railway Materials Co. Ltd. ( 常 熟 市 科 稳 铁 路 器 材 有 限 公 司 ) Railway Construction Corporation Ltd. (CRCC) Manufacturing Operations Segment Railway Group Ltd. ( Railway, CRECG) Engineering Equipment and Component Manufacturing Business Railway Signalling & Communication Corp. Consolis Holding SAS France Costruzioni Elettromechaniche Bresciane SpA (Cembre SpA) Daidō Shingō K.K. ( 大 同 信 号 Daido Signal Co., Ltd.) Japan Dätwyler Holding AG, Sealing Solutions Switzerland Delachaux SA (Groupe Delachaux), Branche Ferroviaire France Dnipropetrovsk Switch Works PJSC (Днепропетровский стрелочный завод ПАО Ukraine / Dnipropetrovs'ky Strilotchny Zavod PAO) (DnSZ) DT Výhybkárna a strojírna, a.s. (DT Pointworks and Machineworks, Inc.) Czech Republic Efacec Capital, S.G.P.S., SA Portugal Elektrizace železnic Praha a.s. Czech Republic Elteza, JSC (ОАО ЭЛТЕЗА United Electrical Engineering Plants) Russia Esfahan Steel Company (ESCO) Iran Europoles GmbH & Co. KG Evraz plc (Евраз) Russia Fabryka Elementów Zlacznych S.A. (FEZ) Poland Fandstan Electric Group United Kingdom Frauscher Sensortechnik GmbH Austria Frequentis AG Austria GE Transportation USA Gerb Schwingungsisolierungen GmbH & Co. KG Getzner Werkstoffe GmbH Austria Goldschmidt Thermit GmbH Gross & Janes Co. USA Hebei Iron & Steel Group - Yongyang Steel Co.,Ltd. Hidremec Indústria de Materiais Ferroviários Ltda. Brazil Hitachi, Ltd. (Kabushiki Kaisha Hitachi Seisakusho), Social Infrastructure and Industrial Systems Business Segment Japan Hollysys Automation Technologies Singapore Huawei Technologies Co., Ltd. Hyundai Steel Co. South Korea JFE Holdings, Inc. JFE Steel Corporation West Japan Works (Fukuyama-shi) Japan JH Turkington & Sons Ltd. United Kingdom Jindal Steel & Power Ltd. India K.K. Kyōsan Seisakusho ( 京 三 製 作 所 Kyosan Electric Manufacturing Co., Ltd.) Japan Kapsch CarrierCom AG Austria Karabük Demir Çelik Fabrikaları (Karabük Iron and Steel Works - Kardemir) Turkey Kirchdorfer Fertigteilholding - MABA Track Solutions GmbH Austria SCI Verkehr GmbH 7

8 Company KONČAR Elektroindustrija d.d. (KONČAR Electrical Industry Inc.) Koppers Holdings, Inc. KRAIBURG Holding GmbH & Co. KG KRAIBURG ELASTIK GmbH L B Foster Co. Liljedahl Bare Wire Group LS Industrial Systems Co. Ltd., Automation Business Sector Lucchini SpA Meidensha Corporation, Social Infrastructure Systems Sector MERMEC Group Metinvest BV (Azovstal Iron and Steel Works) Mont-Ele Srl Murom Switch Works OJSC (OAO Муромский Стрелочный Завод) (MSZ) Nexans Nicco Corporation Ltd., Cable Division Nippon Shingō K.K. ( 日 本 信 号 Nippon Signal Co. Ltd.), Traffic and Transportation Infrastructure Division Nippon Steel & Sumitomo Metal Corporation nkt cables Group GmbH Nokia Solutions and Networks BV (NSN) Novosibirsk Switch Works OJSC (OAO Новосибирский стрелочный завод) Patil Rail Infrastructure Pvt. Ltd. Pfisterer Holding AG Pfisterer Kontaktsysteme GmbH Powerlines Group GmbH Prysmian Group, Telecom Business Rahee Group RAIL.ONE GmbH Rockwool A/S, Systems Segment (RockDelta) Rocla Concrete Tie Inc. Sampyo E&C Schaltbau Holding AG, Stationary Transportation Technology Division Scheidt & Bachmann GmbH Schwihag AG Shanghai Suyu Railway Fasteners Co., Ltd. Siemens AG, Infrastructure and Cities Sector, Transportation & Logistics Business (Mobility and Logistics Division) Steel Authority of India Ltd. ( ऑफ ) (SAIL) Bhilai Steel Plant (BSP) Stella-Jones, Inc. / Stella-Jones Corporation Suzhou Huibo Railway Fastener Co., Ltd. Tata Steel Ltd., Rail Sector Thales, Aerospace and Transport Sector, Transportation Systems Business Unit ThyssenKrupp AG, Materials Services Business Area (ThyssenKrupp GfT Gleistechnik GmbH) Track Tec SA Třinecké Železárny, a.s. (Moravia Steel Group) Valente SpA voestalpine Group, Metal Engineering Division Vossloh AG, Rail Infrastructure Division Wegh Group SpA Wuhan Iron and Steel Company Ltd. (Wugang) Yamato Kogyo Co., Ltd. Yamato Trackwork System Co., Ltd. Yapi Merkezi Yapiray Demiryolu Inşaat Sistemleri Sanayi ve Ticaret A.Ş. Table: Rail Infrastructure Manufacturers Included in the Present Study Headquartered in (Country) Croatia USA USA Sweden South Korea Japan Ukraine Russia France India Japan Japan Finland Russia India Austria India Denmark USA South Korea DE Switzerland India Canada United Kingdom France Poland Czech Republic Austria Japan Turkey SCI Verkehr GmbH 8

9 Company Fact Sheet Example 96 Vossloh AG, Rail Infrastructure Division Overview Head Office: Werdohl, Website: Shareholders: 31.77% Vossloh GbR (family holding), 25.14% KB Holding GmbH (Heinz Hermann Thiele), 33.09% Free Float, 10% Vossloh AG Management: Dr. Werner Andree, Chairman of the Board of Directors (until 17 February 2014) Dr.-Ing. Norbert Schiedeck, Member of the Board of Directors (until 17 February 2014) Dipl.-Ing.Dr. h.c. Hans M. Schabert, Chairman of the Board of Directors (from 1 April 2014 on) Dipl.-Ing. Volker Schenk, Member of the Board of Directors (from 1 May 2014 on) Dipl.-Bw. Oliver Schuster, Member of the Board of Directors (from 1 March 2014 on) Employees (2012): (Rail Infrastructure Division) Turnover (2012): EUR 792 million (Rail Infrastructure Division) Profit (2012): EUR 82 million (EBIT, Rail Infrastructure Division) % % % % 15% % 10.4% 10% % Vossloh AG, Rail Infrastructure Division: Development of Turnover and Profit Breakdown of turnover by activities 0 Non-Rail (Bridges, Civil Construction, Other Industries) Turnover (Rail Infrastructure Division) [EUR million] EBIT (Rail Infrastructure Division) [EUR million] EBIT Margin Reporting Period: January to December Rolling Stock Non-Manufacturing (Trade, Planning, Construction, etc.) Track System Electrification Control Command and Signalling - - ~5% ~95% - - Vossloh AG is a leading global supplier of turnouts, rail fastenings, locomotives, electrical installations for rolling stock, related components and services. On 26 November 2013, the Vossloh family announced it would sell 22% of the company's shares (i.e % of its own share package held at the time) to institutional investors, with the aim of increasing the group's capitalisation by free float. 0% Corporate Structure Vossloh AG Rail Infrastructure Fastening Systems Switch Systems (Vossloh Cogifer) Rail Services Transportation Transportation Systems Electrical Systems (Vossloh Kiepe) Continued on next page SCI Verkehr GmbH 9

10 Company Fact Sheet Example Corporate Development Acquisitions Year Disposals Eduard Vossloh Company registered 1880 Production of resilient rail fastenings using tension clamps started at Werdohl () Vossloh AG registered as a holding company of 3 divisions: Vossloh-Werke GmbH (railway products) Vossloh-Schwabe GmbH (lighting) Hansa Metallwarengesellschaft mbh Thiessen & Hager (decorative products) (all ) Second plant for rail fasteners opened in Delitzsch () 1992 Rail-related parts of insolvent Deutsche System-Technik GmbH () (traffic management and electronic information systems) Vossloh System-Technik GmbH Vossloh IT 1996 MAN Systemelektronik () (passenger information) Vossloh System-Technik GmbH VAE AG (Austria) (turnouts) (Joint Venture with VOEST-Alpine Stahl AG) Continued on next page Comreco Rail Ltd. (UK) Vossloh IT % of NovoRail Vossloh System-Technik Malmö AB (Sweden) (electronic signalling) Majority of Transwerk Perway Pty. Ltd. (South Africa) (turnouts) Vossloh Cogifer SA Bombardier Transportation (Signal) GmbH, Passenger Information & Entertainment Systems business unit Cogifer SA (France) (turnouts, signalling) Vossloh Cogifer Vossloh Switch Systems Skamo Sp. z o.o. (Poland) (rail fastenings) Vossloh-Werke GmbH % of MIN Skretnice (Serbia) (turnouts) Vossloh Cogiger SA 2003 Swedish Rail Systems AB (Sweden) (turnouts) Delkor Pty Ltd. (Australia), rail fastening operations Vossloh Fastening Systems GmbH 51% of JS Industries Private Ltd. (India) (turnouts) Vossloh Cogifer SA Daksin Transtek Ltd. (India) (point machines) (Joint Venture with Patil Group Patil Rail Infrastructure Pvt. Ltd. 60% of Beekay Engineering & Castings Ltd. (India) (turnout components) Vossloh Cogifer SA and subsidiary Amurrio (Spain) Pohl Corp. (USA) (turnouts) Cleveland Track Material, Inc. (USA) (turnouts) Last remaining share of Européenne de Travaux Ferroviaires SA (ETF) (France) Third plant for rail fasteners opened in Kunshan () Vossloh Fastening Systems () Co. Ltd. TKL Rail (Australia) (turnouts) Sportek Kontek Maskinfabrik A/S (Denmark) (turnouts) Kloos Oving BV (Netherlands) (turnouts) Nuova Sima Sud () turnout and permanent way component business Global Rail Systems (USA) (signalling equipment) Vossloh Switch Systems Stahlberg Roensch Group () (rail welding) LOG Logistikgesellschaft Gleisbau mbh () (track construction) Contrack Group ISB Instandhaltungssysteme Bahn GmbH () (track construction) Vossloh Rail Services SaarGummi Deutschland GmbH permanent way segment Vossloh Fastening Systems Joint Venture to build and operate a production plant for turnouts in from 2012 on Remaining 50% of VTS Track Technology Ltd. (UK) (turnouts and components) Vossloh Switch Systems Decoration Division (Hansa Metallwarengesellschaft mbh Thiessen & Hager) Arquati SpA Lighting Division (Vossloh-Schwabe GmbH) Matsushita Electric Works, Ltd. stake in VAE AG Voest-Alpine Bahnsysteme GmbH 2007 Vossloh Information Technology Funkwerk AG 2008 Vossloh Infrastructure Services (VIS) Eurovia S.A. (VINCI Group) SCI Verkehr GmbH 10

11 Company Fact Sheet Example Production Sites Country Site Products Remarks Werdohl Rail fastenings Corporate Headquarters Vossloh Fastening Systems GmbH Vossloh Werdohl GmbH Australia Regents Park Rail fastenings Delkor Rail Pty Limited Kunshan Rail fastenings Joint venture with Nanjing Iron Steel Co. Ltd. Poland Nowe Skalmierzyce Rail fastenings Vossloh Skamo Sp. z o.o. Australia Castlemaine Orange Kewdale Turnouts/crossings Point machines Vossloh Cogifer Australia Pty. Ltd. Belgium Carnières Turnouts/crossings EAV Durieux SA Denmark Horsens Turnouts/crossings Vossloh Sportek A/S France Reichshoffen-Fère Turnouts/crossings Vossloh-Cogifer SA Trier Turnouts/crossings Vossloh-Laeis GmbH & Co. KG India Bangalore Turnout components Dakshin Transtek Pvt. Ltd. (Joint venture with Patil Rail Infrastructure Ltd.) India Bhilai Turnout components Vossloh Beekay Castings Ltd. India Hyderabad Turnouts/crossings J. S. Industries Private Ltd. (Joint venture with Patil Rail Infrastructure Ltd.) Turnouts/crossings Bari Pomezia mechanical components for tracks, switches/turnouts and catenaries Vossloh Cogifer Italia S.r.l. Nuova Sima Sud Luxembourg Rumelange Turnouts/crossings KIHN SA Netherlands Ablasserdam Turnouts/crossings Kloos Oving B.V. Poland Bydgoszcz Turnouts/crossings Cogifer Polska Sp. z o.o. Portugal Tramagal Turnouts/crossings Frutifer-Indústria Ferroviárias SA Serbia Nis Turnouts/crossings Vossloh MIN Skretnice AD Turnouts/crossings Spain Amurrio specialised in manganese crossings Amurrio Ferrocarril y Equipos SA Spain Amurrio Turnouts/crossings Sweden Oerebro Turnouts/crossings Burbiola S.A. (Joint venture with voestalpine Bahnsysteme GmbH & Co KG) Vossloh Nordic Switch Systems AB (Previously Swedish Rail Systems AB) Thailand Bangkok Turnouts/crossings ATO-Asia Turnouts Co., Ltd. United Kingdom Scunthorpe Turnouts/crossings USA Reading PA Turnouts/crossings Corus Cogifer Switches and Crossings Ltd. (Joint venture with Corus Rail) Vossloh Track Material, Inc. (Previously Pohl Corp.) Continued on next page SCI Verkehr GmbH 11

12 Company Fact Sheet Example Production Sites (continued) Country Site Products Remarks USA Cleveland OH Turnouts/crossings Cleveland Track Material, Inc. USA Marlin TX Point machines Global Rail Systems, Inc. Market Position Product Segment Product Group Global Market Share ( ) Remarks TRACK SYSTEM Switches/Turnouts and Crossings 7% Fastenings 15% CONTROL COMMAND AND SIGNALLING Electronic Interlocking Technology Conventional Interlocking Technology <5% Point machines <5% Point machines SCI Verkehr GmbH 12

13 Order form MC Rail Infrastructure Please fax to: + 49 (221) or to: SCI Verkehr GmbH Cologne Office FAO Ms. Ann Kathrin Arntz I would like to order the Multi Client Study Worldwide Manufacturers of Rail Infrastructure 2014 Quantity Issue Language Single price 1 Total price 1 PDF Issue English 3,300 PDF + Print Issue English 3,700 Total price* Please ask for the prices for datasheets in other formats from the ordered MultiClient Study. Company Contact person (Title, first name, surname) Position Address (Street, town, postcode) VAT Number (for customers in member states of the European Union) or other invoicing address or order number Tel Fax I would like to pay by prepayment / I would like to pay by credit card 2 / Invoice For payment by credit card please use the online shop or ask Ms. Arntz Orders subject to our general terms and conditions. Place of jurisdiction is Hamburg. Date Signature / stamp 1 All prices exclude delivery costs and VAT 2 Additionally 5% credit card payment charges Cologne Office Place of jurisdiction: Schanzenstraße 117 Vor den Siebenburgen 2 Country court Hamburg Hamburg / Cologne Geschäfts-Nr. 66 HR B Tel: +49 (0) Deutsche Bank Hamburg Fax: +49 (0) Tel: +49 (0) Bank code: Fax: +49 (0) Account number:

14 q CLIENTS WE NAVIGATE WORDLWIDE Hamburg Office SCI Verkehr GmbH Schanzenstraße Hamburg Phone: 49 (0) Fax: 49 (0) Imprint: Cologne Office SCI Verkehr GmbH Vor den Siebenburgen Köln Phone: 49 (0) Fax: 49 (0) Berlin Office SCI Verkehr GmbH Köpenicker Strasse 48/49 Eingang G Berlin Tel.: 49 (0) Fax: 49 (0)

SCI/VERKEHR COLOGNE THE RAILWAY MARKET IN CHINA Facts, Figures, Players and Trends

SCI/VERKEHR COLOGNE THE RAILWAY MARKET IN CHINA Facts, Figures, Players and Trends SCI/VERKEHR COLOGNE 2014 THE RAILWAY MARKET IN CHINA Facts, Figures, Players and Trends WORLDWIDE ROLLING STOCK MANUFACTURERS 2014 The Railway Market in China The Chinese railway technology market has

More information

SCI/VERKEHR COLOGNE 2008 THE WORLD MARKET FOR ELECTRIC LOCOMOTIVES. Rolling Stock, Procurements, Manufacturers, Market Development

SCI/VERKEHR COLOGNE 2008 THE WORLD MARKET FOR ELECTRIC LOCOMOTIVES. Rolling Stock, Procurements, Manufacturers, Market Development SCI/VERKEHR COLOGNE 2008 THE WORLD MARKET FOR ELECTRIC LOCOMOTIVES Rolling Stock, Procurements, Manufacturers, Market Development THE WORLD MARKET FOR ELECTRIC LOCOMOTIVES Rolling Stock, Procurements,

More information

RAILWAY WI-FI APPLICATIONS

RAILWAY WI-FI APPLICATIONS SCI/VERKEHR Cologne 2010 23333333333333333333333 RAILWAY WI-FI APPLICATIONS Current Projects and Global Developments SCI Verkehr GmbH www.sci.de RAILWAY WI-FI APPLICATIONS 1 SCI Verkehr GmbH www.sci.de

More information

Accuracy counts! SENSORS WITH ANALOG OUTPUT

Accuracy counts! SENSORS WITH ANALOG OUTPUT Accuracy counts! SENSORS WITH ANALOG OUTPUT OTHER APPLICATIONS: KEY ADVANTAGES: Distance measurement Positioning Profile detection Deformation monitoring Vibration monitoring Process monitoring Detection

More information

41 T Korea, Rep. 52.3. 42 T Netherlands 51.4. 43 T Japan 51.1. 44 E Bulgaria 51.1. 45 T Argentina 50.8. 46 T Czech Republic 50.4. 47 T Greece 50.

41 T Korea, Rep. 52.3. 42 T Netherlands 51.4. 43 T Japan 51.1. 44 E Bulgaria 51.1. 45 T Argentina 50.8. 46 T Czech Republic 50.4. 47 T Greece 50. Overall Results Climate Change Performance Index 2012 Table 1 Rank Country Score** Partial Score Tendency Trend Level Policy 1* Rank Country Score** Partial Score Tendency Trend Level Policy 21 - Egypt***

More information

PM 2 GRUNDFOS INSTRUCTIONS

PM 2 GRUNDFOS INSTRUCTIONS PM GRUNDFOS INSTRUCTIS Max. m. (default) Max. t amb Min. 0 C P start =. bar (default) Max. 0 bar ( ) Min..9 bar (0.9 ) (default) bar Max. t liq Min. 0 C l / = max. 0 A 4 60 6 7 6. bar + 0.. bar + 0. =.

More information

THE FUTURE OF THE EUROPEAN INJECTION MOULDING INDUSTRY

THE FUTURE OF THE EUROPEAN INJECTION MOULDING INDUSTRY THE FUTURE OF THE EUROPEAN INJECTION MOULDING INDUSTRY Published: January 2006 A multiclient proposal from AMI Consulting M082: The Future of the European Injection Moulding Industry 1 TABLE OF CONTENTS

More information

Brochure More information from http://www.researchandmarkets.com/reports/1339929/

Brochure More information from http://www.researchandmarkets.com/reports/1339929/ Brochure More information from http://www.researchandmarkets.com/reports/1339929/ The 2011 World Forecasts of Machine Tools That Remove Material by Laser or Light, Photon, Ultrasonic, Electro-Discharge,

More information

ATOSS Software AG Excellence in Workforce Management Presentation January 30, 2015. 1 Christof Leiber, Member of the Board, ATOSS Software AG

ATOSS Software AG Excellence in Workforce Management Presentation January 30, 2015. 1 Christof Leiber, Member of the Board, ATOSS Software AG ATOSS Software AG Excellence in Workforce Management Presentation January 30, 2015 1 Christof Leiber, Member of the Board, ATOSS Software AG 01 Business model and developments 2006 2014 02 ATOSS growth

More information

ATOSS Software AG Excellence in Workforce Management. 1 Christof Leiber, Member of the Board, ATOSS Software AG

ATOSS Software AG Excellence in Workforce Management. 1 Christof Leiber, Member of the Board, ATOSS Software AG ATOSS Software AG Excellence in Workforce Management 1 Christof Leiber, Member of the Board, ATOSS Software AG 01 Business model and developments 2006 2014 and first half of 2015 02 ATOSS growth strategy

More information

SECO-CAPTO TOOLHOLDING FOR MAZAK MACHINES

SECO-CAPTO TOOLHOLDING FOR MAZAK MACHINES SECO-CAPTO TOOLHOLDING FOR MAZAK MACHINES OUR EXTENSIVE RANGE Seco Tools are very pleased to launch its first Seco-Capto tool holding catalogue. We have worked in close partnership with Craftsman Tools

More information

E-Seminar. Financial Management Internet Business Solution Seminar

E-Seminar. Financial Management Internet Business Solution Seminar E-Seminar Financial Management Internet Business Solution Seminar Financial Management Internet Business Solution Seminar 3 Welcome 4 Objectives 5 Financial Management 6 Financial Management Defined 7

More information

Your Partner in High Strength Steel

Your Partner in High Strength Steel Your Partner in High Strength Steel THE CHALLENGE THE CHALLENGE DEVELOPING A LIGHTER CAR IS EASY. DEVELOPING A SAFER AND STIFFER CAR IS EASY. BUT WHAT ABOUT DOING BOTH? IT S A CHALLENGE Today s automotive

More information

Roxtec EzEntry TM. Seals for cabinets and enclosures Designed to simplify cable sealing. We Seal Your World

Roxtec EzEntry TM. Seals for cabinets and enclosures Designed to simplify cable sealing. We Seal Your World Roxtec EzEntry TM Seals for cabinets and enclosures Designed to simplify cable sealing We Seal Your World Cable entries made easy The new Roxtec EzEntry TM makes cable sealing easy. You can install and

More information

GE Grid Solutions. Providing solutions that keep the world energized Press Conference Call Presentation November 12, 2015. Imagination at work.

GE Grid Solutions. Providing solutions that keep the world energized Press Conference Call Presentation November 12, 2015. Imagination at work. GE Grid Solutions Providing solutions that keep the world energized Press Conference Call Presentation November 12, 2015 Press Conference Call Recording: Toll Free: +1 (855) 859-2056 Toll: +1 (404) 537-3406

More information

Brochure More information from http://www.researchandmarkets.com/reports/3278449/

Brochure More information from http://www.researchandmarkets.com/reports/3278449/ Brochure More information from http://www.researchandmarkets.com/reports/3278449/ The 2016 World Forecasts of Hand-Operated Date, Sealing, or Numbering Stamps; Devices for Printing or Embossing Labels;

More information

ISRAEL CHEMICALS LTD (the Company ) Tax withholding on dividends paid on shares traded on the New York Stock Exchange ( NYSE )

ISRAEL CHEMICALS LTD (the Company ) Tax withholding on dividends paid on shares traded on the New York Stock Exchange ( NYSE ) January 13, 2016 ISRAEL CHEMICALS LTD (the Company ) Tax withholding on dividends paid on shares traded on the New York Stock Exchange ( NYSE ) The Company wishes to inform that it has obtained from the

More information

International Recruitment vs. National Recruitment. Rolf Heeb. AIMS International

International Recruitment vs. National Recruitment. Rolf Heeb. AIMS International International Recruitment vs. National Recruitment Rolf Heeb AIMS International CONTENT 1. Introduction 2. Definitions 3. Considerations in International Recruitment 4. Global Executive Search Firms 5.

More information

The Top 40 Distributors of Orthopaedic, Trauma & Spinal Implants in Europe

The Top 40 Distributors of Orthopaedic, Trauma & Spinal Implants in Europe Brochure More information from http://www.researchandmarkets.com/reports/1795905/ The Top 40 Distributors of Orthopaedic, Trauma & Spinal Implants in Europe Description: The United Nations estimated the

More information

Total Domestic Factoring FCI 594, , , , , , , %

Total Domestic Factoring FCI 594, , , , , , , % Accumulative Turnover Figures for All FCI Members Compared to Worldwide Factoring Turnover (in Millions of EUR and USD) EUR EUR EUR EUR EUR EUR EUR INCREASE 2006 2007 2008 2009 2010 2011 2012 2011/2012

More information

IOOF QuantPlus. International Equities Portfolio NZD. Quarterly update

IOOF QuantPlus. International Equities Portfolio NZD. Quarterly update IOOF QuantPlus NZD Quarterly update For the period ended 31 March 2016 Contents Overview 2 Portfolio at glance 3 Performance 4 Asset allocation 6 Overview At IOOF, we have been helping Australians secure

More information

Make the invisible visible! SENSORS WITH EXCELLENT BACKGROUND SUPPRESSION

Make the invisible visible! SENSORS WITH EXCELLENT BACKGROUND SUPPRESSION Make the invisible visible! SENSORS WITH EXCELLENT BACKGROUND SUPPRESSION photoelectric sensors Thanks to its vision for innovation and technological enhancement, Contrinex keeps on setting new standards

More information

GRUNDFOS SERVICE KITS. Non-return valve for Hydro Multi B

GRUNDFOS SERVICE KITS. Non-return valve for Hydro Multi B GRUNDFOS SERVICE KITS Non-return valve for Hydro Multi B Non-return valve Kontraventil Rückschlagventil Βαλβίδα αντεπιστροφής Válvula de retención Clapet anti-retour Valvola di non ritorno Terugslagklep

More information

G8-VOIPREC. VoIP Recording Card G8-VOIPREC. Datasheet

G8-VOIPREC. VoIP Recording Card G8-VOIPREC. Datasheet VoIP Recording Card The high-performance recording card based on Linux technology enables recording of up to 8 IP-channels directly in the Intercom Server without additional hardware. Perfectly integrated

More information

CISCO METRO ETHERNET SERVICES AND SUPPORT

CISCO METRO ETHERNET SERVICES AND SUPPORT SERVICES OVERIVEW CISCO METRO ETHERNET SERVICES AND SUPPORT In the ever-changing communications market, incumbent service providers are looking for ways to grow revenue. One method is to deploy service

More information

Interim report as of March 31, 2016

Interim report as of March 31, 2016 Interim report as of March 31, 2016 Key figures for the Group Q1/2016 Q1/2015* Orders received mill. 289.6 265.5 Order backlog mill. 1,080.7 1,147.7 Income statement data Net sales mill. 240.1 259.8 Core

More information

Get the benefits of Norgren s unique range of Online services

Get the benefits of Norgren s unique range of Online services Get the benefits of Norgren s unique range of Online services Make your job easier and save time - everything you need to select, design and purchase Norgren pneumatics is in one convenient location, available

More information

Malta Companies in International Tax Structuring February 2015

Malta Companies in International Tax Structuring February 2015 INFORMATION SHEET No. 126 Malta in International Tax Structuring February 2015 Introduction Malta is a reputable EU business and financial centre with an attractive tax regime and sound legislative framework.

More information

Our Scope of Services in Russia & CIS and South & Eastern Europe

Our Scope of Services in Russia & CIS and South & Eastern Europe Kienbaum Management Consultants GmbH 2015 Our Scope of Services in Russia & CIS and South & Eastern Europe Kienbaum Management Consultants Kienbaum Management Consultants Who we are and what we do Kienbaum

More information

BEST PRACTICES/ TRENDS/ TO-DOS

BEST PRACTICES/ TRENDS/ TO-DOS Online Insurance Europe: S/ TRENDS/ TO-DOS New success guidelines WHAT TO DO N D E EW IO IT N Your Benefits EUROPE S S/ TRENDS/ TO-DOS: The new and only study about the best online insurance solutions

More information

STATISTICS FOR THE FURNITURE INDUSTRY AND TRADE

STATISTICS FOR THE FURNITURE INDUSTRY AND TRADE STATISTICS FOR THE FURNITURE INDUSTRY AND TRADE Möbel Zahlen Daten STATISTICS FOR THE FURNITURE INDUSTRY AND TRADE 01/36 Economical growth in the regions of the world-economy Changes of the gross domestic

More information

The World Market for Smart Electricity Meters - 2012 Edition

The World Market for Smart Electricity Meters - 2012 Edition New Research Proposal Publishing November 2012 The World Market for Smart Electricity Meters - 2012 This document outlines the research scope for the 2012 update of the global smart electricity meter market.

More information

OCTOBER 2010. Russell-Parametric Cross-Sectional Volatility (CrossVol ) Indexes Construction and Methodology

OCTOBER 2010. Russell-Parametric Cross-Sectional Volatility (CrossVol ) Indexes Construction and Methodology OCTOBER 2010 Russell-Parametric Cross-Sectional Volatility (CrossVol ) Indexes Construction and Methodology SEPTEMBER 2010 Russell-Parametric Cross-Sectional Volatility (CrossVol) Indexes Construction

More information

THE ISRAELI TAX SYSTEM. Iris Stark, CPA

THE ISRAELI TAX SYSTEM. Iris Stark, CPA THE ISRAELI TAX SYSTEM Iris Stark, CPA October 2012 THE ISRAELI TAX SYSTEM Taxation in Israel is based on an individual method. Accordingly, as of 2003, all Israeli residents are liable for payment of

More information

Cisco Phone Systems Telemarketing Script Cold Call

Cisco Phone Systems Telemarketing Script Cold Call Cisco Phone Systems Telemarketing Script Cold Call 1. Locate Contact: Name listed Owner General Manager / Office Manager Chief BDM (Business Decision Maker) Note: Avoid talking to IT since this is not

More information

The VAT & Invoicing Requirements Update March 2012

The VAT & Invoicing Requirements Update March 2012 The VAT & Invoicing Requirements Update March 2012 Indirect taxes are a massive potential expense. For buyers and sellers of goods and services, how invoices are prepared and processed can affect a company's

More information

TEXTILE INDUSTRY. RINCO ULTRASONICS Ultrasonic welding technology

TEXTILE INDUSTRY. RINCO ULTRASONICS Ultrasonic welding technology TEXTILE INDUSTRY RINCO ULTRASONICS Ultrasonic welding technology 1 1 The professionals in ultrasonics RINCO ULTRASONICS has been specialising in developing and manufacturing high-quality ultrasonic cutting

More information

Product Summary. KLIMA 1 Catalogue KLIMA 2 Catalogue FILTER Catalogue. The art of handling air. Special leaflet SP/1/EN/7

Product Summary. KLIMA 1 Catalogue KLIMA 2 Catalogue FILTER Catalogue. The art of handling air. Special leaflet SP/1/EN/7 Product Summary KLIMA 1 Catalogue KLIMA 2 Catalogue FILTER Catalogue The art of handling air Special leaflet SP/1/EN/7 Components and systems for ventilation and air conditioning C As an internationally

More information

Delegation in human resource management

Delegation in human resource management From: Government at a Glance 2009 Access the complete publication at: http://dx.doi.org/10.1787/9789264075061-en Delegation in human resource management Please cite this chapter as: OECD (2009), Delegation

More information

Guide to Treatment of Withholding Tax Rates

Guide to Treatment of Withholding Tax Rates Guide to Treatment of Withholding Tax Rates Contents 1. Introduction 1 1.1. Aims of the Guide 1 1.2. Withholding Tax Definition 1 1.3. Double Taxation Treaties 1 1.4. Information Sources 1 1.5. Guide Upkeep

More information

Temporary and Permanent Solutions for Corporate Clients.

Temporary and Permanent Solutions for Corporate Clients. Temporary and Permanent Solutions for Corporate Clients. www.gigroup.com About Gi Gi Group Gi Group is one of the world s leading companies providing services for development of the labour market. The

More information

E-Seminar. E-Commerce Internet Business Solution Seminar

E-Seminar. E-Commerce Internet Business Solution Seminar E-Seminar E-Commerce Internet Business Solution Seminar E-Commerce Internet Business Solution Seminar 3 Welcome 4 Objectives 5 The Internet Revolution 6 E-Commerce Defined 7 Types of E-Commerce 8 E-Commerce

More information

GLOBAL HRMONITOR NEW DIMENSIONS IN ONLINE HR INFORMATION TALENT HEALTH RETIREMENT INVESTMENTS

GLOBAL HRMONITOR NEW DIMENSIONS IN ONLINE HR INFORMATION TALENT HEALTH RETIREMENT INVESTMENTS GLOBAL HRMONITOR NEW DIMENSIONS IN ONLINE HR INFORMATION TALENT HEALTH RETIREMENT INVESTMENTS DISCOVER MERCER S GLOBAL HRMONITOR ABOUT GLOBAL HRMONITOR Mercer s Global HRMonitor is a single-source, web-based

More information

Semiannual financial report as of June 30, 2015

Semiannual financial report as of June 30, 2015 Semiannual financial report as of June 30, 2015 Key figures for the Group H1/2015 H1/2014 Orders received mill. 602.9 682.9 Order backlog mill. 1,659.0 1,763.9 Income statement data Net sales mill. 694.7

More information

ISO Interface. Large capacity. Light weight. Accommodates enclosure IP65. Solenoid Valve (with M Connector) Conforming to ISO

ISO Interface. Large capacity. Light weight. Accommodates enclosure IP65. Solenoid Valve (with M Connector) Conforming to ISO P-EX01-A Solenoid Valve (with M Connector) Conforming to ISO 1507-1, Large capacity EVS1-01 (Size: 01) EVS1-0 (Size: 0) Light weight Size 01 (-position): 0.6kg Size 0 (-position): 0.18kg Flow rate 1000L/min

More information

Between 2000 and 2002, growth slowed down considerably in the German economy.

Between 2000 and 2002, growth slowed down considerably in the German economy. SCI Verkehr, Cologne 2013 Between 2000 and 2002, growth slowed down considerably in the German economy. HIGH-SPEED AND INTERCITY TRANSPORT GLOBAL MARKET TRENDS Market Volume in OEM Business and After Sales

More information

USA. Mexico. South America. Australia. Austria. Bahrain. Belgium. Bulgaria. Canada

USA. Mexico. South America. Australia. Austria. Bahrain. Belgium. Bulgaria. Canada Contacts for Education Regional Pricing and Quotes: Americas: David Montanaro david.montanaro@emc.com EMEA: Alex Masters alex.masters@emc.com APJ: Rahul Agarwal - rahul.agarwal@rsa.com List of Partners/Resellers/Distributors:

More information

Regional Strategies 82/90

Regional Strategies 82/90 Regional Strategies 82/90 Global Operations NTT Com Group has subsidiaries and offices in 85 cities in 30 countries/regions except Japan, which connect networks to more than 150 countries around the world.

More information

The World's Top 100 Pharmaceutical Companies

The World's Top 100 Pharmaceutical Companies Brochure More information from http://www.researchandmarkets.com/reports/1878687/ The World's Top 100 Pharmaceutical Companies Description: Did you know? - Dr. Jeremy Levin is Senior Vice President, Strategy,

More information

SP/1/EN/5. Product Summary. KLIMA 1 Catalogue KLIMA 2 Catalogue FILTER Catalogue. The art of handling air

SP/1/EN/5. Product Summary. KLIMA 1 Catalogue KLIMA 2 Catalogue FILTER Catalogue. The art of handling air SP/1/EN/5 Product Summary KLIMA 1 Catalogue KLIMA 2 Catalogue FILTER Catalogue The art of handling air Components and Systems for Ventilation and Air Conditioning As an internationally leading manufacturer

More information

DIESEL LOCOMOTIVES GLOBAL MARKET TRENDS. Forecast, Installed Bases, Suppliers, Procurement Projects

DIESEL LOCOMOTIVES GLOBAL MARKET TRENDS. Forecast, Installed Bases, Suppliers, Procurement Projects Fehler! Kein Text mit angegebener Formatvorlage im Dokument. SCI/VERKEHR COLOGNE 2015 DIESEL LOCOMOTIVES GLOBAL MARKET TRENDS Forecast, Installed Bases, Suppliers, Procurement Projects DIESEL LOCOMOTIVES

More information

Foreign Taxes Paid and Foreign Source Income INTECH Global Income Managed Volatility Fund

Foreign Taxes Paid and Foreign Source Income INTECH Global Income Managed Volatility Fund Income INTECH Global Income Managed Volatility Fund Australia 0.0066 0.0375 Austria 0.0045 0.0014 Belgium 0.0461 0.0138 Bermuda 0.0000 0.0059 Canada 0.0919 0.0275 Cayman Islands 0.0000 0.0044 China 0.0000

More information

Global Effective Tax Rates

Global Effective Tax Rates www.pwc.com/us/nes Global s Global s April 14, 2011 This document has been prepared pursuant to an engagement between PwC and its Client. As to all other parties, it is for general information purposes

More information

Germany Real Estate Market Overview

Germany Real Estate Market Overview Germany Real Estate Market Overview 9 th April 2015 Peter Hobbs, Real Estate Research, MSCI 2014 MSCI Inc. All rights reserved. Agenda 1. German real estate in a global context 2. Variations within Germany

More information

The Shifting World of Debt Collection Eurofinas Session Introduction by BenchMark Consulting International

The Shifting World of Debt Collection Eurofinas Session Introduction by BenchMark Consulting International The Shifting World of Debt Collection Eurofinas Session Introduction by BenchMark Consulting International October 2014 Consulting for Financial Services with Industry Experts Projects in 40 countries

More information

GfK PURCHASING POWER INTERNATIONAL

GfK PURCHASING POWER INTERNATIONAL GfK PURCHASING POWER INTERNATIONAL 1 Agenda 1. Europe 3 2. Americas 45 3. Asia & Near East 54 4. Afrika 66 5. Australia 68 6. Overview of countries and available levels 70 2 2 EUROPE 4 GfK

More information

World Consumer Income and Expenditure Patterns

World Consumer Income and Expenditure Patterns World Consumer Income and Expenditure Patterns 2014 14th edi tion Euromonitor International Ltd. 60-61 Britton Street, EC1M 5UX TableTypeID: 30010; ITtableID: 22914 Income Algeria Income Algeria Income

More information

RC GROUP. Corporate Overview

RC GROUP. Corporate Overview RC GROUP Corporate Overview VISION & MISSION We, at RC Group aim to become the preferred Partner for Innovative, Customer driven, Value adding IT based business solutions and services in local and international

More information

EXECUTIVE SEARCH, INTERIM MANAGEMENT, NON-EXECUTIVE DIRECTORS & CONSULTING

EXECUTIVE SEARCH, INTERIM MANAGEMENT, NON-EXECUTIVE DIRECTORS & CONSULTING EXECUTIVE SEARCH, INTERIM MANAGEMENT, NON-EXECUTIVE DIRECTORS & CONSULTING division one FACTS & FIGURES With offices in Stuttgart, Munich and Dusseldorf along with our 43 ENEX partner offices all over

More information

MALTA TRADING COMPANIES IN MALTA

MALTA TRADING COMPANIES IN MALTA MALTA TRADING COMPANIES IN MALTA Trading companies in Malta 1. An effective jurisdiction for international trading operations 410.000 MALTA GMT +1 Located in the heart of the Mediterranean, Malta has always

More information

DSV Air & Sea, Inc. Aerospace Sector. DSV Air & Sea, Inc. Aerospace

DSV Air & Sea, Inc. Aerospace Sector. DSV Air & Sea, Inc. Aerospace DSV Air & Sea, Inc. Aerospace Sector DSV Air & Sea, Inc. Aerospace Introduction to DSV DSV is a global supplier of transport and logistics services. We have offices in more than 70 countries and an international

More information

Eurasia Rail 2013 Rolling Stcok, Infrastructure and Logstic Exhibition, 7-9 March Next Edition Eurasia Rail 4th.

Eurasia Rail 2013 Rolling Stcok, Infrastructure and Logstic Exhibition, 7-9 March Next Edition Eurasia Rail 4th. Eurasia Rail 2013 Rolling Stcok, Infrastructure and Logstic Exhibition, 7-9 March 2013 Next Edition 06-09.03.2014 Eurasia Rail 4th Oguz KILINC Eurasia Rail: 3 rd Rolling Stock, Infrastructure and Logistics

More information

C O N T E N T 4. Leased lines... 39 4.1. Market players... 39 4.2. Market volume and market players... 39 4.3. Prices for the leased lines service...

C O N T E N T 4. Leased lines... 39 4.1. Market players... 39 4.2. Market volume and market players... 39 4.3. Prices for the leased lines service... C O N T E N T 4. Leased lines... 39 4.1. Market players... 39 4.2. Market volume and market players... 39 4.3. Prices for the leased lines service... 4 4. Leased lines 4.1. Market players Besides the incumbent

More information

OUR HISTORY AND REORGANIZATION

OUR HISTORY AND REORGANIZATION OUR HISTORY Our history can be traced back to 1906, when we were founded as Jackson, Church & Wilcox Co. in the United States. In 1909, this company was purchased by Buick, which was owned by GM. In 1917,

More information

THE ADVANTAGES OF A UK INTERNATIONAL HOLDING COMPANY

THE ADVANTAGES OF A UK INTERNATIONAL HOLDING COMPANY THE ADVANTAGES OF A UK INTERNATIONAL HOLDING COMPANY Ideal Characteristics for the Location of an International Holding Company Laurence Binge +44 (0)1372 471117 laurence.binge@woolford.co.uk www.woolford.co.uk

More information

ERP project secures jobs at make-to-order manufacturer

ERP project secures jobs at make-to-order manufacturer USER REPORT MECHANICAL ENGINEERING abas ERP ERP project secures jobs at make-to-order manufacturer User report STOPA Anlagenbau GmbH & Co. KG ERP PPC MRP ebusiness Industry make-to-order manufacturing

More information

Volkswagen Financial Services AG

Volkswagen Financial Services AG Volkswagen Financial Services AG Klaus-Dieter Schürmann Member of the Board of Management Morgan Stanley 7 th Annual European Automotive Conference 29 June 2004 2 Volkswagen Financial Services AG Introduction

More information

The value of accredited certification

The value of accredited certification Certified Once Accepted Everywhere The value of accredited certification Survey Report Published May 212 In 21/11, the IAF carried out a global survey to capture market feedback on the value of certification.

More information

Insurance and Assistance linked to Payment Cards and Bank Accounts

Insurance and Assistance linked to Payment Cards and Bank Accounts Insurance and Assistance linked to Payment Cards and Bank Accounts Series prospectus for 30 country-specific reports AUSTRALIA, AUSTRIA, BELGIUM, BRAZIL, CANADA, CHINA, CZECH REPUBLIC, DENMARK, FINLAND,

More information

THE CISCO CRM COMMUNICATIONS CONNECTOR GIVES EMPLOYEES SECURE, RELIABLE, AND CONVENIENT ACCESS TO CUSTOMER INFORMATION

THE CISCO CRM COMMUNICATIONS CONNECTOR GIVES EMPLOYEES SECURE, RELIABLE, AND CONVENIENT ACCESS TO CUSTOMER INFORMATION CUSTOMER SUCCESS STORY THE CISCO CRM COMMUNICATIONS CONNECTOR GIVES EMPLOYEES SECURE, RELIABLE, AND CONVENIENT ACCESS TO CUSTOMER INFORMATION EXECUTIVE SUMMARY CUSTOMER NAME Coleman Technologies INDUSTRY

More information

Valves for Safety Applications

Valves for Safety Applications Valves for Safety Applications Inherently fail-safe Dynamic self-monitoring No residual pressure Large exhaust capacity World-wide Safety Approvals ESSENTIAL PRINCIPLES Basic features of safety valves

More information

,000 2nd

,000 2nd 205 http://www.aisin.com 205.08.4,000 2nd 0 02 Jun., 2002 Mar. 9, 992 Mar. 24, 988 Jul., 99 Jul. 3, 200 Sep., 986 Jun., 949 Dec. 0, 945 May 5, 969 Sep. 30, 953 Mar. 8, 945 Feb. 8, 943 Mar. 29, 943 Aug.

More information

Access the world. with Schwab Global Investing Services

Access the world. with Schwab Global Investing Services Access the world with Schwab Global Investing Services 78% of developed country equity market growth between 2000 and 2012 came from outside the U.S. 1 60% of developed country stock market capitalization

More information

Global Long-Term Incentives: Trends and Predictions Results from the 2013 iquantic Global Long-Term Incentive Practices Survey

Global Long-Term Incentives: Trends and Predictions Results from the 2013 iquantic Global Long-Term Incentive Practices Survey Global Long-Term Incentives: Trends and Predictions Results from the 2013 iquantic Global Long-Term Incentive Practices Survey Jon F. Doyle and Sandra Sussman October 8, 2013 Presenters Jon F. Doyle Attorney

More information

Eclipse Premium VINYL

Eclipse Premium VINYL Eclipse Premium HOMOGENEOUS FLOORCOVERING VINYL > Harmonised colour range > Classic non-directional design > PUR reinforced Easy low-cost maintenance > Favourable initial cost > No additional surface treatment

More information

C a b l i n g s o l u t i o n s a t t h e c o r e o f R a i l w a y N e t w o r k s

C a b l i n g s o l u t i o n s a t t h e c o r e o f R a i l w a y N e t w o r k s C a b l i n g s o l u t i o n s a t t h e c o r e o f R a i l w a y N e t w o r k s High Speed Line (HSL) Zuid The Netherlands - Siemens project Dedicated 100 km high speed rail line between Antwerp (Belgium)

More information

CONDITION MONITORING INCREASE THE UPTIME OF YOUR MACHINES

CONDITION MONITORING INCREASE THE UPTIME OF YOUR MACHINES INCREASE THE UPTIME OF YOUR MACHINES NSK s Condition Monitoring Services (CMS) NSK CMS Process CONTINUOUS ANALYSIS CMS ASSESSMENT MEASUREMENT & DATA COLLECTION HEALTHMAP REPORT RECOMMENDED ACTIONS DYNAMIC

More information

Cisco Conference Connection

Cisco Conference Connection Data Sheet Cisco Conference Connection Cisco IP Communications a comprehensive system of powerful, enterprise-class solutions including IP telephony, unified communications, IP video/audio conferencing,

More information

Customer Experience Monitoring - Global Strategic Business Report

Customer Experience Monitoring - Global Strategic Business Report Brochure More information from http://www.researchandmarkets.com/reports/2666990/ Customer Experience Monitoring - Global Strategic Business Report Description: This report analyzes the worldwide markets

More information

About us as a supplier. About Us as a Supplier Murrelektronik GmbH. Issued: February Murrelektronik GmbH. Issued: February 2016 Page 1 of 6

About us as a supplier. About Us as a Supplier Murrelektronik GmbH. Issued: February Murrelektronik GmbH. Issued: February 2016 Page 1 of 6 About Us as a Supplier Issued: February 2016 Issued: February 2016 Page 1 of 6 Contents 1. General Information About Murrelektronik 3 2. Product Range 4 3. Code of Conduct 5 4. Important Information 5

More information

METROLOGIC INSTRUMENTS, INC. MS1690 Focus Area Imaging Bar Code Scanner Supplemental Configuration Guide

METROLOGIC INSTRUMENTS, INC. MS1690 Focus Area Imaging Bar Code Scanner Supplemental Configuration Guide METROLOGIC INSTRUMENTS, INC. MS1690 Focus Area Imaging Bar Code Scanner Supplemental Configuration Guide Copyright 2005 by Metrologic Instruments, Inc. All rights reserved. No part of this work may be

More information

Why Invest in International Now?

Why Invest in International Now? July 2015 As of the end of June 2015 over 62% of the weight of the world stock market capitalization consisted of non-u.s. companies. The largest companies in many industries are in fact internationally

More information

Cash offer for Cardo. Johan Molin, President & CEO Tomas Eliasson, CFO

Cash offer for Cardo. Johan Molin, President & CEO Tomas Eliasson, CFO Cash offer for Cardo Johan Molin, President & CEO Tomas Eliasson, CFO 1 Investor presentation disclaimers Forward-looking Statements Information set forth in this presentation may contain forward-looking

More information

European Rack and Rack Options Market

European Rack and Rack Options Market Brochure More information from http://www.researchandmarkets.com/reports/2701935/ European Rack and Rack Options Market Description: The European rack and rack options market is growing with still high

More information

Reporting practices for domestic and total debt securities

Reporting practices for domestic and total debt securities Last updated: 4 September 2015 Reporting practices for domestic and total debt securities While the BIS debt securities statistics are in principle harmonised with the recommendations in the Handbook on

More information

Building on +60 GW of experience. Track record as of 31 December 2013

Building on +60 GW of experience. Track record as of 31 December 2013 Building on +60 GW of experience Track record as of 31 December 2013 Can data and analysis make a difference on turbine performance? Proven technology. For Vestas, it is more than a saying it is something

More information

BT Premium Event Call and Web Rate Card

BT Premium Event Call and Web Rate Card BT Managed Event and BT Self-Managed Event (also referred to as Express, Plus and Premium) Conference Bridge and Call for Booked Audio Conferencing Services will comprise the following for each phone-conference:

More information

BENCHMARKING OF APPROVED HIGHER RATIOS 2014 DATA

BENCHMARKING OF APPROVED HIGHER RATIOS 2014 DATA BENCHMARKING OF APPROVED HIGHER RATIOS 2014 DATA Benchmarking of approved higher ratios Benchmarking of approved higher ratios under Article 94(1)(g)(ii) of Directive 2013/36/EU 3 Introduction and legal

More information

Business Cooperation Database Profile Extraction

Business Cooperation Database Profile Extraction Business Cooperation Database Profile Extraction Produced the 23/05/2013 General Information Profile ID 20111230018 Summary Creation Date 30/12/2011 Last Update 12/01/2012 Expiration Date 02/01/2014 Intermediary

More information

Starting a Business in Israel

Starting a Business in Israel Starting a Business in Israel Inspiration Invention Innovation Content: Page 1. Business Entities....... 2 a. Company...... 2 b. Foreign Company (e.g. a branch)...... 2 c. Partnership...... 3 d. Self Employed......

More information

Biomass Pellet Prices Drivers and Outlook What is the worst that can happen?

Biomass Pellet Prices Drivers and Outlook What is the worst that can happen? Biomass Pellet Prices Drivers and Outlook What is the worst that can happen? European Biomass Power Generation 1st October 2012 Cormac O Carroll Director, London Office Pöyry Management Consulting (UK)

More information

WORLD STEEL IN FIGURES 2015

WORLD STEEL IN FIGURES 2015 WORLD STEEL IN FIGURES 2015 TABLE OF CONTENTS FOREWORD Foreword...3 Sustainable steel...4 CRUDE STEEL PRODUCTION World crude steel production, 1950 to...7 Top steel-producing companies,...8 Major steel-producing

More information

Waterpark Lines World Report

Waterpark Lines World Report Brochure More information from http://www.researchandmarkets.com/reports/1837057/ Waterpark Lines World Report Description: This report provides Market Consumption/Products/Services for 100 countries by

More information

Global Alternative Online Payment Methods: First Half 2015

Global Alternative Online Payment Methods: First Half 2015 Brochure More information from http://www.researchandmarkets.com/reports/3378010/ Global Alternative Online Payment Methods: First Half 2015 Description: An important trend in the global online payment

More information

Table of Contents. International leasing associations. Country reviews

Table of Contents. International leasing associations. Country reviews Table of Contents Introduction Leasing industry recovery proves not to be a dead-cat bounce but trouble in store? New lease accounting proposals current position Micro leasing: A basic understanding The

More information

Cisco IT Data Center and Operations Control Center Tour

Cisco IT Data Center and Operations Control Center Tour Cisco IT Data Center and Operations Control Center Tour Inside the Build Room Page 1 of 8 5. Inside the Build Room Introduction Figure 1. Inside the Build Room Ian: The purpose of the Build room is for

More information

Report on Government Information Requests

Report on Government Information Requests Report on Government Information July 1 - December 31, 2014 apple Apple takes our commitment to protecting your data very seriously and we work incredibly hard to deliver the most secure hardware, software

More information

H & M Hennes & Mauritz AB

H & M Hennes & Mauritz AB Nine-month report (1 Dec - 31 August ) H & M Hennes & Mauritz AB Nine-month report Nine-months (1 December 31 August ) The H&M Group s sales including VAT increased in local currencies by 15 percent during

More information

Greece Country Profile

Greece Country Profile Greece Country Profile EU Tax Centre March 2013 Key factors for efficient cross-border tax planning involving Greece EU Member State Double Tax Treaties With: Albania Estonia Lithuania Serbia Armenia Finland

More information

Our people make the difference

Our people make the difference Transcom WorldWide S.A. Our people make the difference Investor Presentation Q1 2006 1 Company Overview Transcom is Europe s largest CRM operator by geographic footprint Fast growing Customer Relationship

More information