Terms of trade highest since 1973

Terms of trade highest since 1973 – Media release

1 June 2017

The merchandise terms of trade rose 5.1 percent in the March 2017 quarter, reaching its highest level since June 1973, Stats NZ said today.

Terms of trade is a measure of the purchasing power of New Zealand’s exports abroad. A 5.1 percent rise in the March quarter means New Zealand can buy 5.1 percent more imports for the same amount of exports.

“The current high in the terms of trade is a result of a strong upwards trend in the terms of trade since 2000,” business prices manager Sarah Williams said today.

In the March 2017 quarter, export prices rose 8.0 percent. Export dairy prices rose 18 percent, following a 14 percent rise in the December 2016 quarter. Despite these two large increases, dairy prices remain 21 percent lower than the recent high in the March 2014 quarter.

In the March 2017 quarter, import prices rose 2.7 percent, influenced by a price rise for crude oil. Crude oil is still about half its mid-2012 price. However, since the end of 2008, import prices have fallen by about a quarter, with price falls for imported manufactured goods influenced by quality improvements. More powerful electronic goods are an example of a quality improvement.

During the early 1970s, export commodity prices for dairy, meat, and wool began to increase, pushing the terms of trade to its highest level. However, this boom for export prices was short-lived, and New Zealand’s terms of trade fell after key export market Great Britain joined the European Economic Community, and after the first big oil crisis pushed up fuel prices sharply in late 1973.

Changes in import and export prices can have large impacts on the New Zealand economy as a whole, directly through export revenues, and indirectly as imports prices affect costs and prices within New Zealand.

Ends

For more information about these statistics:

• Visit Overseas Trade Indexes (Prices and Volumes): March 2017 quarter (provisional)

• See CSV files for download

• Open the attached files

OverseasTradeIndexesPricesAndVolumesMar17qtr.pdf

otipvmar17qtrpricestables.xls

otipvmar17qtrvolumestables.xls

© Scoop Media

Food Fads Confuse Kiwis

1 June 2017

FOOD FADS CONFUSE KIWIS

A survey into the nutritional knowledge and habits of Kiwis has found half of New Zealanders are confused by food trends and an overload of diet information.*

The survey of 1,055 New Zealanders, undertaken on behalf of Fonterra looked into people’s understanding of dairy nutrition and the role of protein. The survey uncovered some interesting insights as to where we get our nutritional information from, who we trust, and just how much we understand.

Results found that 74% of Kiwis believe protein is important for their health, but only 11% say they know how much protein they need in a day. Of the 11%, the answers ranged from 5g to 1,200g per day as the amount required for optimal health.

Fonterra’s General Manager of Nutrition, Angela Rowan, says, “As Kiwis we have access to an amazing array of fresh high quality and locally produced protein sources, however, it would appear we’re all a bit confused about just how much protein we need to be at our best and how we can include protein in our diet.”

“To be fair to people, the amount of protein we each need depends on our age, gender and physical activity levels. But as a guide, we should be aiming to get between 15-25% of our energy from protein, so for someone consuming around 2,000 calories (8,360kJ) across the course of the day, they should be getting somewhere in the range of 75g – 120g of protein per day.”

There was also confusion around what foods contain protein and the best way to consume protein; 54% of respondents said protein should be consumed only once a day, or less.

“Protein is very important, but more than half of the people surveyed didn’t realise that protein should be consumed throughout the day for optimum health. While nutrients like fat and carbohydrate can be stored in our bodies and easily dipped into, protein is only stored as muscle, so if protein is not available, muscle mass will be broken down to supply it. This is why it’s ideal to consume protein regularly in smaller amounts throughout the day and stay topped up, rather than having it as a single large portion at night,” says Angela.

While most respondents generally had a good grasp of most food groups that are rich in protein, Kiwis largely underestimated dairy as a source of protein.

“When asked to rank the protein content of foods from highest to lowest, survey respondents placed a glass of milk near the bottom, believing it contained less protein than 1 egg or ½ a cup of lentils. In reality, it actually sits above these foods in terms of protein content, and this is something we would like to make more people aware of,” she says.

Dairy is a high quality, readily available, and affordable source of protein. Dairy can provide a convenient source of protein especially in the morning and at lunchtime.

“Popping a scoop of yoghurt on your muesli, having a latte for morning tea, and a few slices of cheese for afternoon tea are all easy ways to help spread your protein intake throughout the day,” says Angela.

ENDS

© Scoop Media

Remaining TPP Members Must Not Miss The Bus On China

01 June, 2017

Remaining TPP Members Must Not Miss The Bus On China

INSIGHTS ABOUT THE NEWS – After US President Donald Trump withdrew the US from the TPP trade deal, the other 11 countries pursuing it decided to forge ahead on their own. But an editorial in The Main Report Business Alert says it is another Superpower they should now consider working with – China.

Describing how the deal could be improved by axing some of the US centric aspects of the former deal, the editorial says “the elephant in the room is China. The TPP 11 should act quickly to make it a TPP 12 again…with China replacing the US.”

It says “it is probably just as well the US is out – it was a bully in the negotiations and got its way on too much… It should be a deal which frees up trade – not a deal which makes corporate litigation and monopoly protection of US interests easier.”

In the same issue of The Main Report Business Alert, Trade Minister Todd McClay says the “TPP is a high-quality set or rules for the Asia-Pacific which will increase market access for our exporters and benefits our wider economy.” He says it represents tariff savings of $222m each year. Japan’s National Graduate Institute of Policy Studies has estimated TPP11 will increase NZ’s GDP by 3.45 and is worth an additional $2.5bn to the economy after 10 years.

But it could be even better with China’s involvement. China is the largest trading nation in the world, the largest exporter and the second largest importer (after the US). It is the world’s second largest economy by nominal GDP (after the US) and the largest economy by purchasing power parity, according to the IMF. And the Middle Kingdom has increasingly become involved in trade organisations and treaties.

Its One Belt, One Road Initiative has resulted in massive Chinese investment for almost a decade. It covers 75 overseas economic and trade co-operation zones in 35 countries, and has a $US1.3 trillion investment in projects already underway. The Chinese are playing a long game, linking their commercial and strategic objectives over long timeframes that Western politicians can’t hope to comprehend because of elections.

The initiative is akin to the US Marshall Plan, which helped Western Europe get back on its feet after World War II. The plan generated goodwill, a post-war international market for US consumer goods and spurred economic growth.

NZ signed on to One Belt, One Road during Chinese Premier Li Keqiang’s in March. Why would NZ, the first developed country to enter into a free trade agreement with China in 2008, ignore the potential of getting alongside China in the TPP?

Trans Tasman’s sister publication, The Main Report Business Alert, is a weekly source of new ideas, trends and forecasts for executives wanting to supercharge their businesses and careers.

© Scoop Media

Attorney General Announces Operation Broken Heart Ahead of Vote to Fund Cyber Crime Division

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Attorney General Jim Hood announced Operation Broken Heart Mississippi, which has already lead to the execution of 15 search warrants and 11 arrests in the past two months and announced sending an alert to all in law enforcement and victims groups asking them to contact their legislative friends to replace $4 million to fund the Cyber Crime and Victims Compensation efforts.

Since taking office in 2004, General Hood’s Cyber Crime Division has tested more than 7,000 devices for digital evidence leading to hundreds of convictions, many for child exploitation. His office is home to one of the country’s leading Cyber Crime Divisions. Their success during the years highlight the continued battle against dangerous child predators and underscores the importance of continued legislative funding for this division, as well as other vital efforts to combat crime in Mississippi.

Protecting children from sexual predators and adults from cyber crime scams and other cyber predators is my passion,” said General Hood. “It is our mission and duty to champion those who are not able to protect themselves. Unfortunately, our efforts to aggressively investigate and prosecute these perpetrators have become entangled in the current budget mess at the Capitol.”

The Cyber Crime Division is home to the Internet Crimes Against Children (ICAC) program, which targets online child predators. Since its inception, the Cyber Crime Division has been the model unit for developing cyber crime units in other states.  The Attorney General’s ICAC Task Force is made up of 60 local, state and federal law enforcement affiliate agencies with a purpose of enhancing efforts to identify and arrest child predators. In addition, the Cyber Crime Division and task force focus on education and outreach to the public, conducting numerous internet safety presentations and training courses in our communities throughout the year. Investigators and prosecutors staffed in the Attorney General’s Cyber Crime Division provide critical training in computer forensics and investigative support to nearly 80 local district attorneys and 276 police and sheriff departments across the state. The Cyber Crime Division operates the only statewide digital forensics laboratory, which has been used to obtain and analyze thousands of electronic items related to hundreds of criminal cases statewide.

“This division is second to none among attorneys general offices across the country,” said General Hood. “We have served a role in nearly every major cyber criminal case over the last 10 years, and our digital forensics experts have testified as experts in several trials. There are people who believe the government is their enemy and think that government must be killed. Sadly, these individuals haven’t tried to learn how vital it is to have someone in the cyber unit standing on that wall 24 hours a day, seven days a week to protect us all. The work of this division cannot fall victim to our state legislature’s politically motivated budget cuts.”

Prior to the passage of Senate Bill 2362 in 2016, the Cyber Crime Division was funded by between $1 and $1.1 million per year from criminal citation fees. This was a stable funding source for the Cyber Crime Division. Although these fees are still collected, the Legislature diverted the money to a legislative fund without forwarding the fee to the Division.

Over the past two years, the budget of the Attorney General’s Office has been reduced by 28%. The general fund budget cut from FY 2017 to the FY 2018 committee report was 18.5% the largest of any state agency. The FY 2018 bill that died during the 2017 Regular Session would have been 12.6% below the Legislative Budget Office’s recommendation, which is virtually unheard of in state government. The 2018 General Fund budget of the office may be cut by 18.5% or $5,212,310 below our FY 2017 General Fund budget and a portion of this $5,212,310 General Fund cut affects the funding for the Cyber Crime Division. Previously, the office received assessments ranging between $6.5 and $7 million per year to operate the following nine programs:

Crime Victim Compensation

LEO & FF Disability Benefits

Cyber Crime

Vulnerable Persons Investigation & Prosecution

Child Support Prosecution

Domestic Violence Training

Prosecutor Training & Education

Motorcycle Officers/Law Enforcement Officers Training

Children’s Advocacy Centers

The Attorney General called on the public to call their legislative friends and ask them to replace at least $4 million in funding necessary to keep these programs going. Victims of crime and injured law enforcement and fire fighters are relying on this funding.

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Simpson Healthcare Executives’ Founder Named in Top 10 Innovation Catalysts by MM&M

OLD LYME, Conn., May 31, 2017 /PRNewswire/ -- Today, the scientific communications agency Simpson Healthcare Executives announced that their founder and CEO, Kelly Simpson-Angelini, was named one of the 2017 Top 10 Innovation Catalysts within the 2017 Top 40 Healthcare Transformers, an exclusive list published yearly by Medical Marketing and Media (MM&M). These awards were presented at the 2017 Transforming Healthcare Conference in New York City on May 1st and honored major entrepreneurs, agency executives, biopharma, and health-tech industry leaders who have been front-line innovators and have disruptively transformed the healthcare and health-tech industry.

This year, MM&M honored the Top 10 Innovation Catalysts in the biopharma and health-tech industries, which highlights exceptional leaders in medical marketing who have helped health-tech innovators connect with the larger worlds of pharma and healthcare. Kelly Simpson-Angelini, a leading disruptive innovator and inspiring mentor, is honored by this prestigious designation. Kelly Simpson-Angelini is passionate about shaping brighter healthcare futures and challenges those in the industry to look at global datasets, health policies, and health shifts, and think about the future of healthcare differently as we enter into the next decade. Kelly Simpson-Angelini leads Simpson Healthcare Executives in driving disruptive innovation forward in our industry. She supports Simpson Healthcare Executives' biopharmaceutical clients to share the scientific stories of the diseases they touch and therapies they discover for all in need.

About Medical Marketing and Media (MM&M): Medical Marketing and Media (MM&M), the media brand of record for medical marketing, was founded in 1966 and is published by Haymarket Media Group. Every year, MM&M hosts the 2017 Transforming Healthcare Conference and publishes an exclusive list honoring the Top 40 Healthcare Transformers in North America. For more information, please visit: http://www.mmm-online.com/.

About Simpson Healthcare Executives, LLC: Simpson Healthcare Executives is located in Old Lyme, CT, and is a global leader in biopharmaceutical scientific communications, dedicated to driving therapeutic innovations forward. Since 1998, Simpson Healthcare supports our clients in sharing the scientific stories of the diseases they touch and the therapies they discover for all in need. For more information, please visit: www.simpsonhealthcare.com.

SOURCE Simpson Healthcare Executives

Fusion Worldwide Recebe Certificação em Gestão Ambiental ISO 14001

BOSTON, 31 de maio de 2017 /PRNewswire/ — A Fusion Worldwide, o segundo maior distribuidor independente de componentes eletrônicos do mundo, recebeu sua certificação International Organization for Standardization (ISO) 14001. ISO é uma federação mundial de organismos nacionais de padronização e, através do seu processo de certificação, reconheceu o compromisso da Fusion Worldwide em medir e reduzir seu impacto sobre o meio ambiente.

A família de padrões ISO 14000 fornece ferramentas para empresas e organizações que procuram gerenciar suas responsabilidades ambientais. Organizações globais adotaram uma abordagem sistemática para o gerenciamento ambiental através da implementação de sistemas de gestão com o objetivo de alcançar a sustentabilidade.

Como parte do processo de certificação, a Fusion Worldwide mediu seu atual impacto ambiental em áreas como água, eletricidade e uso de materiais, bem como programas de reciclagem, além do gerenciamento e controle do ruído em suas seis sedes ao redor do mundo. A empresa estabeleceu objetivos e metas, e desenvolveu programas para garantir que esses objetivos fossem atingidos.

„Como empresa, a Fusion se comprometeu a reduzir o impacto no meio ambiente”, disse Peter LeSaffre, CEO da Fusion Worldwide. „Esta certificação não é apenas importante para nós, mas para nossos clientes e para nosso planeta. Como uma empresa global, precisamos ser nossos próprios monitores ambientais e reconhecemos e apreciamos a contribuição de nossos clientes para alcançar esse esforço coletivo”.

Os Padrões Internacionais ISO garantem que existam ferramentas estratégicas nos negócios que reduzem custos ao minimizar o desperdício e os erros, aumentando a produtividade. Eles ajudam as empresas a terem acesso a novos mercados, equilibrar o jogo para os países em desenvolvimento e facilitam o livre e justo comércio global.

Para ver uma lista completa das certificações da Fusion Worldwide, visite http://fusionww.com/quality/.

Sobre a Fusion Worldwide
Fusion Worldwide é uma das principais distribuidoras de componentes eletrônicos do mundo que fornece, estoca e distribui uma ampla variedade de produtos e bens finais para um amplo espectro de clientes no mundo todo. A empresa preenche lacunas na cadeia de suprimentos com bens de produção atuais, bem como produtos obsoletos e no fim da vida útil, além de serviços de pós-venda. As capacidades da Fusion Worldwide também incluem inspeção de qualidade, gerenciamento de inventário e logística global. Com sede em Boston, a Fusion Worldwide tem locais em San Jose, Cingapura, Amsterdã, Hong Kong e Wilmington, Massachusetts. Para mais informações, visite fusionww.com.

Contato com a Imprensa:
Kim MacKenzie
kim@hollywoodpr.net
(781) 749-0077

FONTE Fusion Worldwide

SOURCE Fusion Worldwide

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Vivo se convierte en el patrocinador oficial de la Copa Mundial de la FIFA(TM) en 2018 y 2022

BEIJING, 31 de mayo de 2017 /PRNewswire/ — El fútbol es uno de los deportes más fascinantes y la Copa Mundial de la FIFA, como una de las contiendas deportivas más importantes del planeta, siempre atrapa la atención del público en todo el globo. Vivo, marca internacional de smartphones, anunció su contrato con la Federación Internacional de Fútbol Asociación (FIFA) para patrocinar la Copa Mundial de la FIFA durante seis años y cubrir dos ciclos de torneo. Así, Vivo se convierte en patrocinador oficial de la Copa Mundial de la FIFA en 2018 y 2022.

Patrocinio consecutivo de dos Copas Mundiales de la FIFA

En su calidad de marca de smartphones que patrocina oficialmente la Copa Mundial de la FIFA, Vivo patrocinará la Copa Confederaciones de la FIFA 2017, la Copa Mundial de la FIFA 2018 en Rusia, la Copa Confederaciones de la FIFA 2021 y la Copa Mundial de la FIFA 2022 en Qatar. Con tremenda influencia internacional, este acuerdo de cooperación por seis años transformará completamente el nivel de exposición internacional de Vivo. El logo de Vivo aparecerá en todos los partidos en paneles publicitarios en cancha, en las entradas a los eventos, en los márgenes de los boletines de prensa y otros espacios promocionales clave. Los derechos de la FIFA incluyen programas especiales de marketing, como el derecho de tener invitados como fotógrafos con teléfonos Vivo durante el calentamiento de los jugadores previo a los partidos, Vivo presentará un teléfono personalizado con motivo de la Copa Mundial de la FIFA para ofrecer una experiencia única a sus consumidores y amantes del fútbol. Además, el staff de la FIFA usará smartphones Vivo in situ y la Copa Confederaciones de la FIFA 2017, que empezará el 17 de junio, marcará el inicio de la colaboración entre Vivo y la FIFA.

Al ser uno de los eventos deportivos más importantes del planeta, la Copa Mundial de la FIFA tiene enorme influencia y cobertura internacional. Para las marcas en la industria de los smartphones, como Vivo, patrocinar una Copa Mundial de la es un gran logro. El vicepresidente senior de Vivo, el Sr. NI Xudong, explica: „El fútbol es un deporte lleno de pasión y asombro que da felicidad a millones de amantes del deporte en todo el planeta. El espíritu del fútbol es el avance riguroso y constante. Como patrocinador internacional de la Copa Mundial, Vivo espera asociarse fuertemente con el espíritu del fútbol y mostrar a los consumidores de todo el globo la imagen de Vivo como una marca creativa, divertida e internacional. Mientras tanto, Vivo aportará su espíritu personalizado, dinámico y juvenil a la Copa Mundial y al deporte del fútbol”.

Entre las muchas marcas presentes en la industria mundial de los smartphones, el énfasis constante de Vivo en la mejora continua atrajo a los organizadores de la Copa Mundial de la FIFA. La secretaria general de la FIFA, Fatma Samoura, explicó: „El fútbol y la tecnología caminan cada vez más de la mano, dentro y fuera de la cancha, y este es un gran momento para iniciar una alianza de esta naturaleza con la marca de smartphones con liderazgo internacional. Nos emociona colaborar estrechamente con Vivo y ansiamos ver su participación activa en las próximas ediciones de la Copa Mundial de la FIFA y la Copa Confederaciones de la FIFA”.

El marketing deportivo como herramienta para la internacionalización

En 2014, Vivo empezó su expansión a mercados en el sudeste asiático y otras regiones. Gracias al despliegue de estrategias localizadas de productos y marketing, Vivo tuvo un rápido crecimiento y fue ampliamente aceptada por los consumidores locales. Vivo ha seguido invirtiendo en investigación y desarrollo, y fundó siete grandes centros de investigación en China y los Estados Unidos. Además, Vivo ha usado el marketing deportivo para aumentar el reconocimiento de la marca en los mercados internacionales.

En 2015, Vivo se convirtió en patrocinador del título de la Indian Premier League (IPL), asociación deportiva muy influyente en los países de la Commonwealth británica y en la India. En 2016, Vivo inició una alianza estratégica con la NBA China como patrocinador oficial de dispositivos móviles manos libres, invitando a la superestrella de la NBA Stephen Curry a convertirse en embajador del modelo insignia de Vivo Xplay6. Como patrocinador de la Copa Mundial de la FIFA, Vivo busca merecer aún más la atención internacional.

Con sus avances tecnológicos y desarrollo como marca, Vivo se esfuerza por crear más innovaciones revolucionarias. El patrocinio de la Copa Mundial de la FIFA es una clara señal de la expansión progresiva de Vivo en el mercado internacional.

Acerca de Vivo

Vivo es una joven marca internacional de smartphones que se dedica a brindar a sus usuarios calidad perfecta de sonido y fotografía impecable gracias a su tecnología de vanguardia, y desarrolla productos dinámicos y modernos para jóvenes apasionados. Según el informe de IDC para el primer trimestre de 2017, la compañía figura entre las primeras cinco marcas de smartphone en el planeta.

Acerca de la FIFA

La Federation Internationale de Football Association (Federación Internacional de Fútbol Asociación, FIFA) es una asociación regida por las leyes suizas, fundada en 1904 y con sede en Zúrich. Cuenta con 211 asociaciones miembro y su objetivo, consagrado en sus estatutos, es la constante mejora del fútbol.

Foto – http://mma.prnewswire.com/media/517964/Vivo.jpg 

FUENTE Vivo

SOURCE Vivo

Nano Metal Oxide Market is expected to reach USD 9,48 billion by 2025

·         The global nano metal oxides demand was USD 4,200 million in 2016 and is projected to grow at a CAGR of 9.5% from 2017 to 2025

·         The silicon dioxide segment occupied the largest share in 2016 on account of its extensive use in the manufacture of glass, rubber, coatings, medical, optical, and electronic devices

·         The magnetic properties of iron oxide are one the prime reasons it is used as a contrast agent inmagneticresonance imaging (MRI) systems

·         Titanium dioxide and zinc oxide are widely used in personal care products and paints & coating

·         The zinc oxide segment is projected to grow at the highest CAGR over the forecast period. Nano zinc oxide absorbs and reflects UV rays and therefore is used in sunscreens

·         Increasing disposable income and investment in technologically advanced devices is projected to boost demand for NMO’s in the electronics sector

·         Favorable government & private investments in the aerospace & defense industry is also expected to contribute to the demand for NMO’s over the coming years

The global nano metal oxides (NMO) market is expected to reach USD 9,48 billion by 2025, according to a new report by Grand View Research, Inc.

The market is expected to positively influenced by investments in the biomedical, personal care, and electronics sector.

Nano metal oxides are complex chemical compounds which possess the potential to be extensively in the electronics, energy, defense, and paints & coatings sector. NMO’s are manufactured from metal oxides using a different process, the most common one being the sol-gel process.

NMO’s are utilized in the production of cement, inks, plastics, and rubbers. It is also used as a catalyst and stabilizer for the chemical manufacturing industry. Pharmaceutical and diagnostic companies are continuously investing in research & development operations to introduce advanced solutions for the treatment of various diseases. Nanoparticles play a significant role in drug delivery systems and clinical diagnosis.

Further key findings from the report suggest:
The global nano metal oxides demand was USD 4,200 million in 2016 and is projected to grow at a CAGR of 9.5% from 2017 to 2025

The silicon dioxide segment occupied the largest share in 2016 on account of its extensive use in the manufacture of glass, rubber, coatings, medical, optical, and electronic devices

The magnetic properties of iron oxide are one the prime reasons it is used as a contrast agent inmagneticresonance imaging (MRI) systems

Titanium dioxide and zinc oxide are widely used in personal care products and paints & coating

The zinc oxide segment is projected to grow at the highest CAGR over the forecast period. Nano zinc oxide absorbs and reflects UV rays and therefore is used in sunscreens

Nano gold, silver, and platinum oxides are also widely for vitro & vivo diagnostics, nutraceuticals, and in the production of biocompatible materials

The electronics &optics segmentaccounted for more than 35% of the overall NMO market and is anticipated to witness the highest growth rate over the coming years

Increasing disposable income and investment in technologically advanced devices is projected to boost demand for NMO’s in the electronics sector

Favorable government & private investments in the aerospace & defense industry is also expected to contribute to the demand for NMO’s over the coming years

Read the full report: http://www.reportlinker.com/p04899228/Nano-Metal-Oxide-Market-Analysis-By-Product-Aluminum-Oxide-Iron-Oxide-Titanium-Dioxide-Silicon-Dioxide-Zinc-Oxide-By-Applications-Electronics-Personal-Care-Paints-Coatings-And-Segment-Forecasts.html

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

http://www.reportlinker.com

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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/nano-metal-oxide-market-is-expected-to-reach-usd-948-billion-by-2025-300466738.html

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Ritchie Bros. Completes Its Acquisition of IronPlanet, Growing Digital Presence and Offering Unprecedented Choice to Customers

  • New Unified Multichannel Company Leads the Industry by Expanding Online Offerings, Opening the Door to Growth in New Geographies and Accelerating the Network Effect
     
  • Sales Forces Will Be Integrated to Provide Customers a Full Range of Solutions
     
  • All Six Key IronPlanet Executives Will Join Ritchie Bros. in Senior Roles, Complementing Existing Leadership Team
     
  • Ritchie Bros. EquipmentOne and IronPlanet’s DailyMarketplace Will Be Combined Later This Year to Form a Cutting-Edge Reserve Price Solution Named Marketplace E

VANCOUVER, May 31, 2017 /PRNewswire/ – Ritchie Bros., the world’s largest heavy equipment auctioneer and provider of end-to-end services (NYSE & TSX: RBA), today announced that it completed its acquisition of IronPlanet®, a leading online marketplace for heavy equipment and other durable assets. Ritchie Bros. acquired IronPlanet for approximately $758.5 million, subject to customary closing adjustments. The acquisition was financed through a combination of Ritchie Bros.’ previously announced senior note offering and secured term loan facility. The transaction is expected to be earnings accretive within the first year, excluding acquisition related costs.

The acquisition of IronPlanet accelerates Ritchie Bros.’ strategy of becoming a one-stop, multichannel company where customers can buy, sell or list equipment, when, how and where they choose – both onsite and online. Later this year, Ritchie Bros. will combine its online EquipmentOne brand with the IronPlanet DailyMarketplace, creating a harmonized brand offering called Marketplace E that gives customers more ways to set reserve pricing. Ritchie Bros. also gains expanded growth capabilities in the oil and gas and government sectors.

The company will be combining the Ritchie Bros. and IronPlanet sales forces in the U.S., Canada and Europe, in line with its strategy to provide customers a one-stop, multichannel experience. Territory and Strategic Account Managers will be positioned as solution sellers and offer customers three main product offerings: RBA integrated unreserved onsite auctions; IronPlanet weekly featured auctions and Marketplace E, an IronPlanet solution. Mascus, Kruse Energy and GovPlanet will continue to remain as stand-alone businesses with stand-alone sales teams, given that they serve specialized customer segments.

As a part of this acquisition, Ritchie Bros. also enters into an initial five-year strategic alliance with Caterpillar which is expected to strengthen its relationship with Caterpillar’s independent dealers around the world by providing them enhanced and continued access to a global auction marketplace to sell their used equipment. The company also will continue to coordinate and manage Cat® auctions in respective Cat dealer geographies.

„We are pleased that the acquisition of IronPlanet has been completed and I am delighted to welcome IronPlanet employees to the Ritchie Bros. family. Our shared passion for serving customers is loud and clear and it will continue to be our guiding light in the unified company,” said Ravi Saligram, Ritchie Bros. CEO. „Our integration plans have been meticulously worked on during the last nine months: our combined senior management team will be in place Day 1 and our sales forces will be integrated within the first 30 days. In the second half of 2017, we will focus on aligning and unifying the company, optimizing the integration, starting to achieve synergies and getting the organization ready for a fast start in 2018 to deliver growth and add shareholder value.”

Saligram has designed his new organizational structure to maximize growth outcomes by utilizing the complementary skillsets of senior leaders from both companies. All leaders mentioned below report to Saligram unless otherwise mentioned.

Operational Leaders:

  • Greg Owens, former CEO of IronPlanet, is named Group President, New Sectors & Ventures and will oversee all aspects of the Cat Strategic Alliance, GovPlanet and Kruse Energy. He will also explore ventures to enter new sectors and businesses, both organically and through acquisitions.
  • Jim Barr, Group President, Multichannel Products & Technologies will lead all aspects of digital product development, online operations, digital marketing and provide strategic oversight to the technology group.
  • Jeff Jeter, former President IronPlanet is named President, Sales U.S. and will lead the combined field and strategic accounts sales force.
  • Brian Glenn is named SVP & Head of Sales, Canada and will lead both Western and Eastern Canadian field sales teams.
  • Karl Werner will continue in his role as President, International and Jeroen Rijk will continue in his role as SVP & MD, Europe, with expanded responsibility for IronPlanet offerings.

Functional Leaders:

  • Sharon Driscoll, CFO, Todd Wohler, CHRO, Darren Watt, SVP & General Counsel and Doug Olive, SVP, Pricing & Valuations will continue in their roles with added responsibilities for the combined company.
  • Becky Alseth will assume the role of SVP, Brands & Innovation and focus on the evolution of all RB brands, value propositions, generating insights and leading marketing services, field marketing and seller marketing. Importantly, she will jump start a comprehensive innovation program throughout the company, initially focused on live auctions.
  • Doug Feick will assume the role of SVP, Corporate Development and Integration Optimization. Doug will lead our M&A initiatives and in the near-term will lead on-going integration efforts.
  • Kieran Holm, SVP, Operations Excellence & Efficiencies will focus on the acceleration of structural cost savings and efficiencies and proactively optimizing our site network. He will also assume added responsibility as the Synergies champion for the IP acquisition to ensure that synergy targets are achieved.
  • Frank Roth will assume the role of SVP, Sales Effectiveness and will focus on enabling the sales force to drive solution selling, create operational rigor on the use of sales analytics and sales management tools and develop programs to drive growth and increase sales productivity.
  • Marianne Marck, Chief Information Technology Officer, reporting to Jim Barr, will assume responsibility for leading and overseeing the Technology and Engineering teams across all of Ritchie Bros. including RBA, IronPlanet, Mascus, Xcira and RBFS. She will drive overall data and technology strategy to make IT a significant competitive advantage for the company. Jeff Barca-Hall will partner with Marianne as SVP & Chief Technology Officer and will lead efforts to build future state, cutting-edge Marketplace technologies and the consolidation of current platforms and offerings.
  • Matt Ackley, SVP, Product Management and Digital Marketing, reporting to Jim Barr, will be responsible for on-line demand generation, buyer product marketing, product management, inside sales and on-line auction management.
  • Randy Berry, SVP, Digital Operations, reporting to Jim Barr, will continue to lead IP Inspections, Operations and Asset Appraisal Services and assume responsibility for RBA online operations and the Customer Service Group.

Ritchie Bros. will maintain its global headquarters and technology presence in Vancouver BC, and confirmed that Pleasanton, CA, IronPlanet’s headquarters, will also be one of its key technology hubs. The company will optimize its U.S. office network over the next few years and establish a small commercial hub in the western suburbs of Chicago in the fall of 2017.

  • Ritchie Bros. and IronPlanet first announced the acquisition in August 2016: http://prn.to/2pMuZFC.
  • Ritchie Bros. and IronPlanet announced unconditional antitrust clearance from the U.S. Department of Justice on May 18, 2017: http://prn.to/2qINXM7.

About Ritchie Bros.:
Established in 1958, Ritchie Bros. (NYSE and TSX: RBA) is a global asset management and disposition company, offering customers end-to-end solutions for buying and selling used heavy equipment, trucks and other assets. Operating in a multitude of sectors, including construction, transportation, agriculture, energy, oil and gas, mining, and forestry, the company’s selling channels include: Ritchie Bros. Auctioneers, the world’s largest industrial auctioneer offers live auction events with online bidding; IronPlanet, an online marketplace with featured weekly auctions and providing its exclusive IronClad Assurance® equipment condition certification; EquipmentOne, an online auction marketplace; Mascus, a leading European online equipment listing service; and Ritchie Bros. Private Treaty, offering privately negotiated sales. The company also offers sector-specific solutions including GovPlanetTruckPlanet, and Kruse Energy Auctioneers, plus equipment financing and leasing through Ritchie Bros. Financial Services. For more information about the unprecedented choice provided by Ritchie Bros., visit RitchieBros.com.

Caution Regarding Forward-Looking Statements:
This news release contains forward-looking statements and forward-looking information within the meaning of applicable U.S. and Canadian securities legislation (collectively, „forward-looking statements”), including, in particular, statements regarding the terms and potential benefits of the proposed transaction between Ritchie Bros. and Caterpillar, benefits and synergies of the IronPlanet transaction, future opportunities for the combined businesses of Ritchie Bros. and IronPlanet, future financial and operational results and any other statements regarding events or developments that Ritchie Bros. believes or anticipates will or may occur in the future. Forward- looking statements are statements that are not historical facts and are generally, although not always, identified by words such as „expect”, „plan, „anticipate”, „project”, „target”, „potential”, „schedule”, „forecast”, „budget”, „estimate”, „intend” or „believe” and similar expressions or their negative connotations, or statements that events or conditions „will”, „would”, „may”, „could”, „should” or „might” occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements necessarily involve assumptions, risks and uncertainties, certain of which are beyond Ritchie Bros.’ control, including risks and uncertainties related to: general economic conditions and conditions affecting the industries in which Ritchie Bros., IronPlanet and Caterpillar operate; Ritchie Bros.’ ability to successfully integrate IronPlanet’s operations and employees with Ritchie Bros.’ existing business; the ability to realize anticipated growth, synergies and cost savings in the IronPlanet transaction; the maintenance of important business relationships; the effects of the IronPlanet transaction on relationships with employees, customers, other business partners or governmental entities; transaction costs; deterioration of or instability in the economy, the markets we serve or the financial markets generally; as well as the risks and uncertainties set forth in Ritchie Bros.’ Annual Report on Form 10-K for the year ended December 31, 2016, which is available on the SEC, SEDAR, and Ritchie Bros.’ website. The foregoing list is not exhaustive of the factors that may affect Ritchie Bros.’ forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, and actual results may differ materially from those expressed in, or implied by, these forward-looking statements. Forward-looking statements are made as of the date of this news release and Ritchie Bros. does not undertake any obligation to update the information contained herein unless required by applicable securities legislation. For the reasons set forth above, you should not place undue reliance on forward-looking statements.

SOURCE Ritchie Bros.

Fiber Optic Connector Market is expected to reach USD 5.9 billion by 2025

·         The fiber optics segment is expected to grow, significantly, over the forecast period. Fiber optic connectors have huge potential to be incorporated into a wide range of applications in the healthcare, railway, defense & aerospace, and oil & gas sectors.

·         The technology is under constant R&D and aims to develop low-cost applications and technological solutions for the mass market.

·         The fiber optic technology has gained prominence over the past few years, owing to the persistent research & development activities and the escalating demand from high bandwidth communication and data services.

·         The fiber optics market includes different fiber optic connectors such as SC connector, LC connector, FC connector, ST connector, MTP connector, and others.

·         Based on fiber optic applications, the market is segmented into military & aerospace, oil & gas, telecom, medical, BFSI, railway, and others.

·         The telecom sector is the biggest application sector, in terms of revenue, and is regulated by the regulations imposed by government and other related regulatory authorities.

·         In 2015, the LC connector segment dominated the overall market, in terms of revenue. A LC connector is used in high-density connections such as Cisco Catalyst switches and Hewlett Packard Pro Curve.

The global fiber optic connector market is expected to reach USD 5.9 billion by 2025, according to a new report by Grand View Research, Inc.

The fiber optics segment is expected to grow, significantly, over the forecast period. Fiber optic connectors have huge potential to be incorporated into a wide range of applications in the healthcare, railway, defense & aerospace, and oil & gas sectors.

The technology is under constant R&D and aims to develop low-cost applications and technological solutions for the mass market. The fiber optic technology has gained prominence over the past few years, owing to the persistent research & development activities and the escalating demand from high bandwidth communication and data services.

The growing penetration of the fiber optics technology is encouraging manufacturers and suppliers to invest in research & development for developing better products. Researchers are focusing on innovating reliable and cost-effective fiber optic products, as the production and installation of fiber optic products are quite tedious and costly. Manufacturers strive to optimize production processes, by regulating efficiency and prices, to curb other alternatives of the fiber optics technology.

The fiber optics market includes different fiber optic connectors such as SC connector, LC connector, FC connector, ST connector, MTP connector, and others. Based on fiber optic applications, the market is segmented into military & aerospace, oil & gas, telecom, medical, BFSI, railway, and others. The telecom sector is the biggest application sector, in terms of revenue, and is regulated by the regulations imposed by government and other related regulatory authorities.

Further key findings from the report suggest:
In 2015, the LC connector segment dominated the overall market, in terms of revenue. A LC connector is used in high-density connections such as Cisco Catalyst switches and Hewlett Packard Pro Curve.

In 2015, the North American regional market dominated the overall market and accounted for the largest global market share (in terms of revenue)

The growing demand for fiber optic connectors can be attributed to the ever-growing bandwidth requirements across enterprise and carrier networks

Fiber optics connectors finds dynamic applications across the medical industry, as they are mainly deployed in flexible bundling, light conduction & illumination, and laser delivery systems

Read the full report: http://www.reportlinker.com/p04899224/Fiber-Optic-Connector-Market-Analysis-By-Product-SC-Connector-LC-Connector-FC-Connector-ST-Connector-MTP-MPO-Connector-By-Application-By-Region-And-Segment-Forecasts.html

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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/fiber-optic-connector-market-is-expected-to-reach-usd-59-billion-by-2025-300466739.html

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