HONG KONG, Aug. 7, 2014 /PRNewswire/ — New World Facilities Management Company Limited (NWFM) which manages and operates Youth Square is commended for the first time as the “Family-Friendly Employer” under the 2013/14 Family-Friendly Employers Award Scheme organized by the Family Council, in recognition of its outstanding achievement in implementing family-friendly employment policies and practices that enable employees to manage their time to undertake their family commitments and balance family life in the past year. 

As a non-profit making company, NWFM regards staff as the most valuable asset. During the past year, NWFM proactively instituted diversified family-friendly policies and practices including paternity leave, compassionate leave and early release on festive days to enable staff to manage their time to take care of their family needs. NWFM also cares about the wellness of staff and offers a variety of activities for them including family engagement events, festive meals, community events and interest groups, etc. to achieve a balance between work and life.

Established in 2011, the Family-Friendly Employers Award Scheme is launched by The Family Council. It aims at recognizing companies or organizations who attach importance to the family-friendly spirit, encouraging them to continue to put in place measures to raise employers’ awareness of the importance of family core values, and fostering a pro-family culture and environment. With reference to criteria including family-friendly employment policies and practices, benefits to the company and employees, as well as commitment shown by the management, the Assessment Panel honors those companies or organizations fulfilling the family-friendly requirements of the Award Scheme.

New World Facilities Management Company Limited

New World Facilities Management Company Limited is a non-profit making company and a wholly-owned subsidiary of New World Development Company Limited (Stock Code: 17.HK). Embracing the mission of youth development and supporting youth to contribute to society, we strive to develop Youth Square as the platform for youth to exchange knowledge and experience and to develop and discover their potential.

For more information on New World Facilities Management Company Limited, please visit www.nwfm.com.hk.

Youth Square

Youth Square is a project commissioned by the Home Affairs Bureau of HKSAR Government, and aims to be the hub of diversified youth development activities for youth to develop their potential. Youth Square has a 643-seat Y Theatre, Y Studio, multi-function areas and Y Loft with 148 guest rooms. Youth Square is located in Chai Wan and is managed and operated by New World Facilities Management Company Limited on a non-profit making basis.

For more information on Youth Square, please visit www.youthsquare.hk.

 

 

 

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NEW DELHI, Aug. 7, 2014 /PRNewswire/ —

– Recognized for his philanthropic endeavours in leadership development in India

The All India Management Association, an apex body of professional management in India set up in 1957, awarded the AIMA Corporate Citizen Award 2014 to Shiv Nadar, Founder & Chairman, HCL and Shiv Nadar Foundation, for his unparalleled efforts in philanthropy.

(Photo: http://photos.prnewswire.com/prnh/20140806/700689)

Accepting the award, Shiv Nadar said, “This is a great honor and I thank AIMA for this recognition. Education is a key determinant of development while inclusive education goes a step further to enable the progress and regeneration of communities. The Shiv Nadar Foundation would continue to harness the power of inclusive education to bridge the urban-rural divide and drive exponential social transformation in India by creating leaders from every socio-economic segment.”

Speaking on the occasion, Sanjiv Goenka, Chairman of the Jury, AIMA Managing India Awards 2014 & Chairman, RP-Sanjiv Goenka Group said, “I congratulate Shiv Nadar for the award and for his truly exemplary work in institution building and education. His vision is an inspiration and worthy of emulation and admiration. Under his guidance, HCL and the Shiv Nadar Foundation have established high benchmarks with regards to best business practices and inclusive leadership development.”

Shiv Nadar, acknowledged as visionary in modern computing and technology in India, founded HCL in 1976 as one of India’s original IT garage start-ups. Currently, HCL comprises three companies in IndiaHCL Technologies, HCL Infosystems and HCL Healthcare with annual revenues of US$ 6.5 billion and over 95,000 professionals from diverse nationalities operating across 31 countries including over 500 points of presence in India.

In 1994, he established the Shiv Nadar Foundation, a private philanthropic organization. A significant driver of social change and transformational education, the Foundation has set up landmark institutions in India spanning the entire education spectrum, from universities and colleges to K-12 schools. These include the SSN Institutions, India’s top ranked engineering college; the Shiv Nadar University, a multidisciplinary university with strong research orientation and Vidya Gyan, a radical experiment in leadership development through free residential education to meritorious rural poor children. The Foundation has invested Rs 2,946 crore till March 2014 as per audited accounts, and is on course to spend Rs 3000 crore committed in 2013 over the next 5 years.

For more information please click here

Bhaswati Chakravorty
Bhaswati.chakravorty@hcl.com
+91-0120-2535071

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— Cost optimization, product adaptation to regional needs, and lean manufacturing essential for PPE companies to penetrate these markets

MOUNTAIN VIEW, Calif., Aug. 6, 2014 /PRNewswire/ — The recovery of the mining industry following industrialization in emerging economies and investments in mining to support the demand for metals and commodities have brightened prospects in personal protective equipment (PPE) globally. Multinational mining companies bring with them a strong safety culture, which trickles down to the small companies and service contractors, in turn, enhancing the uptake of PPE in developing nations.

Logo – http://photos.prnewswire.com/prnh/20140805/133704

Additionally, regulatory authorities such as the Mine Safety and Health Administration (MSHA) have publicized several fatal and non-fatal accidents in mines further affirming the importance of safety and PPE usage.

New analysis from Frost & Sullivan, Analysis of the Global Mining Industry PPE Market, finds that the market earned revenue of more than $2.26 billion in 2013 and estimates this to reach $2.78 billion in 2018. Product segments covered in this study are above-the-neck and respiratory protection, protective gloves, workwear, protective footwear, fall protection and gas detectors.

For complimentary access to more information to this research, please visit: http://bit.ly/1v6ZthG.

The mining industry is likely to remain an important end-user sector for the PPE market globally due to its high level of occupational hazards. However, developing countries currently lack proper regulatory enforcement. For instance, most Southern African countries have no specific PPE legislation for the workplace, and implementation of existing laws is neither strict nor continuous.

Additionally, environmental concerns related to greenhouse gas emissions have caused countries in the US and parts of Europe to increase use of green energy sources and biofuels. Government subsidies for green energy adoption have constricted coal mining budgets in turn hampering PPE demand.

“As developed markets are relatively mature for mining PPE, growth is expected to be driven by the emerging economies of China, India, CEE, Africa and Latin America,” said Frost & Sullivan Chemicals, Materials & Food Senior Research Analyst Aparna Balasubramanian. “China accounts for approximately 50 percent of global mining employment, which makes it a significant market for mining PPE.”

The market situation is expected to change with increasing safety awareness among employers. This translates to higher need for training and therefore, manufacturers will have to develop competence in this area.

Participants can gain an advantage by establishing broad distribution networks. They can set themselves apart and optimally tap market opportunities through price competitiveness, timely product delivery to remote mine sites, as well as by offering technical assistance and superior customer service.

“Cost optimization, product adaptation to regional market needs, and lean manufacturing are essential for global companies to gain penetration in fast-growing emerging markets,” noted Balasubramanian. “Multi-product offerings and close customer interactions are the other key competitive factors that could entrench them in the market.”

Analysis of the Global Mining Industry PPE Market is part of the Materials (http://www.chemicals.frost.com) Growth Partnership Service program. Frost & Sullivan’s related studies include: Strategic Analysis of the Western European Above-the-neck PPE Market, Strategic Analysis of the North American Above-the-neck Personal Protective Equipment Market, Analysis of the Western European Protective Footwear Market, among others. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan

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Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

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Analysis of the Global Mining Industry PPE Market
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Corporate Communications – North America
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E: ariel.brown@frost.com

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Benefit from Outstanding Annual Results and Overseas Factories Being Approved as the First Batch of Registered Overseas Dairy Products Producers in the PRC

HONG KONG, Aug. 4, 2014 /PRNewswire/ — Ausnutria Dairy Corporation Ltd (“Ausnutria” or the “Company”, together with its subsidiaries, the “Group”; stock code: 1717), a paediatric milk formula company with its production facilities principally based in the Netherlands and engaged in the dairy industry with activities ranging from the research and development, milk collection, processing, production, packaging in the Netherlands and marketing and sales of dairy products to the PRC, Europe, North America, Middle East and other overseas countries, has fulfilled all the resumption conditions. The shares resumed trading from 9:00 a.m. today and the share price reached the highest at HKD2.4, up 64.38%. The stock closed at HKD2.15, up 47.26% or HKD0.69.

The share price of Ausnutria performing well is in part attributable to management‘s efforts in the past two years to fulfill the resumption requirements. Ausnutria also achieved outstanding performance in 2013 with significant turnover and net profit growth at 24.9% and 81.5%, respectively, when compared with 2012. Meanwhile, Ausnutria’s factory in the PRC was among one of the first batch of factories in the PRC that succeeded in obtaining the renewed production license and the three factories in the Netherlands were among one of the 41 worldwide manufacturers that succeeded in being approved as the first batch of registered overseas dairy products producers that were granted the registrations for exporting their products to the PRC under the New Policies. Furthermore, all the brands of the Group (including the series of Allnutria, Best Choice, Hyproca 1897, Kabrita, Puredo, Mygood, Lacfor, Eurlate, Neolac, etc.) are listed as the first batch of brands to be granted the approval for exporting the paediatric formula milk into the PRC. The Company has excellent development prospects.

The Company considers that under the leadership of the recent Chief Executive Officer, Mr. Bartle van der Meer who has ample international experience in banking, investment and paediatric nutritional products, together with the overseeing role of the independent non-executive Directors, the Group is now managed by a team of professional executives who have a strong background and diversified experience in paediatric nutritional products, consummating the internal governance of the Group. 

Mr. Yan Weibin, Chairman of the Company, said, “I am pleased to inform the Shareholders that the Company’s shares have resumed trading on 4 August 2014 after fulfilling the resumption conditions set out by the Exchange. This is attributable to the support and efforts by our management and the patience and understanding by the Shareholders of the Company. The past two years were complicated and challenging to the Group.  While it is the Board’s priority to deal with the issues leading to the Suspension, the Company has taken strategic move to comply with New Policies launched by the PRC government and at the same time to build the Group’s upstream production and procurement capability in order to capture the growing momentum in the PRC and other overseas markets.  We believe that the New Policies launched by the PRC government will improve the national standard for the safety of dairy products and accelerate the consolidation of the paediatric milk powder industry and would eventually lead to the elimination of small and medium enterprises in this industry. We believe that the Group is the only Chinese corporation which possesses a comprehensive production chain in the industry from milk collection, production and packaging to marketing and sales. Looking ahead, we will further strengthen the relationships with our customers and distributors in the PRC; continue the strategy of upward integration; increase the production capacity in the Netherlands; launch goat milk and cow milk based infant formula to other overseas countries; continue to work with Beijing University for the joint research and development on products and utilizing the production and distribution tracking systems, in order to cater for the long term growth and demand of paediatric nutritional products as well as to fulfill the requirements of government policies and regulations. Last but not the least, the Group will continuously and proactively strengthen its corporate governance so as to establish a solid foundation for future growth and enhance the confidence of shareholders and potential investors. The Group will continue to strive for the highest returns and value to the Shareholders in the long run.”

-End-

About Ausnutria Dairy Corporation Ltd

Ausnutria Dairy Corporation Ltd is a leading paediatric milk formula company with its production facilities principally based in the Netherlands and engaged in the dairy industry with activities ranging from the research and development, milk collection, processing, production, packaging in the Netherlands and marketing and sales of dairy products to the PRC, Europe, North America, Middle East and other overseas countries. For the year ended 31 December 2013, revenue of Ausnutria amounted to approximately RMB1,688 million, representing an increase of approximately RMB337 million from approximately RMB1,351 million for 2012. Despite of the share suspension since April 2012 and the New Policies as implemented by the PRC government, the Group was able to maintain a steady growth in both its turnover and operating results for the past two years.

Issued by Porda Havas International Finance Communications Group for and on behalf of Ausnutria Dairy Corporation Ltd. For further information, please contact:

Porda Havas International Finance Communications Group

Keely Chan

+852 3150 6760

keely.chan@pordahavas.com

Cherry Cheung

+852 3150 6773

cherry.cheung@pordahavas.com

Mandy Zhang

+852 3150 6765

mandy.zhang@pordahavas.com

Claire Li

+852 3150 6711

claire.li@pordahavas.com

Daniel Ip

+852 3150 6767

daniel.ip@pordahavas.com

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Paving the way for the next generation of business leaders and entrepreneurs

HONG KONG, Aug. 4, 2014 /PRNewswire/ — Citi Commercial Bank and The Hong Kong Polytechnic University (PolyU) jointly announced today the launch of the fourth Youth Leadership Program, which will run from August 4 to August 9, 2014.  The week-long summer training program is developed exclusively for the children of Citi Commercial Bank’s clients with the objective of introducing participants to the key leadership qualities and skills of successful entrepreneurs, and important trends that are shaping the global business world today.

This year, 25 participants aged 16 to 19 will take part in the Youth  Leadership Program, which consists of lectures and workshops on leadership and entrepreneurship, a leadership training camp, and company visits in Hong Kong and Mainland China.  In line with the evolving business environment, two new modules were added to this year’s program on global e-commerce and retail management. Participants will have the opportunity to apply the newly-acquired skills and knowledge through a virtual business retailing competition, whereby students will be divided into groups to devise a business plan and compete for the highest profit against other groups.

Anson Kwok, Head of Citi Commercial Bank, Citi Hong Kong, said, “Given the importance of local enterprises to the future growth of the Hong Kong economy, it is crucial that business leaders are able to continue their entrepreneurial and innovative spirit through generations.  Citi has been advising Hong Kong businesses on, and helping them meet their banking needs for decades.  As their trusted banking partner, we understand the complex business environment in which our clients operate and we are well positioned to help their next generation seize opportunities and navigate through challenges to ensure the continuous success of the business. We hope that the Youth Leadership Program will serve as a good starting point for participants to understand the business world, and equip them with the positive mindset and leadership skills, which will benefit them for life.”

Mr. Raymond Chu, Assistant Director of Institute for Entrepreneurship (IfE), The Hong Kong Polytechnic University, said, “It is PolyU as well as IfE’s mission to foster and promote innovation and the ‘Do Well Do Good’ entrepreneurial culture in the University and the community. Given the success and encouraging feedback in the last three years, we are very happy to partner with Citi again this year to witness another batch of young people joining the program. The program will not only teach them the concepts and theories of entrepreneurship, but also foster the entrepreneurial spirit among the youths, paving the way for their development into the future leaders of Hong Kong.”

The 2014 Youth Leadership Program will run from August 4 to August 9, 2014.   This year’s program will cover:

Lectures/ Workshops

Activities

Global Leadership

Leadership Training Day Camp

Global e-commerce

– Company Visit  Mainland China

Innovation

Company Visit Hong Kong

Communication in a Diverse Work Environment

Virtual Business Retailing Competition

Business Sustainability

Dialogue with the CEO

Student Presentation

All participants who complete the course will be awarded with a Certificate of Attainment.

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