The logistics service provider Logwin is now strategically even better positioned in Dubai. Logwin has opened a new additional office in the Dubai Airport Free Zone Authority (DAFZA). The office is situated in the immediate vicinity of the airlines and is the company's second location in Dubai. The staff began operations on 20 January 2010, managed by Satish Kumar. The focus is the processing of air freight.
(Photo: http://www.prnasia.com/sa/2010/02/03/20100203472978.html)
(Logo: http://www.prnasia.com/xprn/sa/200805161604.jpg)
In order to further improve the service for customers in Dubai, Logwin is not just employing experienced staff from its first location in the Al Musalla Tower at its new DAFZA office, but has taken on new staff, in particular in the area of sales. A total of 13 staff in the new office takes care of customers.
"Opening the second office makes sense in order to further expedite the processing of global air freight transport while retaining the same high level of quality," says Hauke Mueller, Managing Director Region Europe Middle East at the Logwin business segment Air + Ocean. "This will allow us to significantly increase the number of processed shipments and improve our service to customers."
Around 300 companies currently have their main office in the DAFZA. Most of them are global players maintaining business connections around the world. Logwin customers from the technology and luxury goods industry as well as from the automotive sector are also based here. "Customer proximity is not just another phrase for us - it is something we practice," explains Hauke Mueller. "In Dubai, we have bucked the trend and succeeded in growing. With the new office we have created the conditions for continuing on this successful course."
Sunday, February 7, 2010
Changi Airport Group and Jetstar Group sign air hub deal supporting flights growth
Jetstar to make Changi Airport its largest hub in Asia
Changi Airport Group (CAG) and Jetstar signed an agreement today to launch a strategic partnership that will see Jetstar continue to make Singapore Changi Airport its largest air hub in Asia for both short and long haul operations. As part of the agreement, Jetstar will operate its highest number of services and base its largest number of A320-family aircraft in Asia at Changi. It also commits to introduce long haul services using wide body aircraft out of Singapore.
Under the three-year agreement, the Jetstar Group – which includes Jetstar in Australia and Jetstar Asia/ Valuair based in Singapore – is committed to increase existing flight frequencies and offer more destinations from Singapore.
Jetstar’s projected growth at Changi will include additional A320-family narrow body services and, for the first time, wide-body A330-200 medium and long haul flights to and from destinations in Asia and beyond. Jetstar also aims to grow the percentage of transit and transfer traffic through Changi among its passengers.
CAG will support Jetstar’s continued growth at Changi Airport with various incentives under the Changi Airport Growth Initiative which was introduced on 1 January 2010. The incentives will enable Jetstar to lower its cost of operations at Changi. It will also receive additional incentives for launching services to cities not currently connected to Changi. This will provide more offerings and new exciting destinations for passengers travelling via and out of Singapore.
As a partner, CAG will work closely with Jetstar to explore route opportunities to grow its traffic out of Changi. CAG will also support Jetstar’s operational needs, such as to improve its ground operations and to enhance the airport experience of its passengers, for example by introducing an early check-in option for Jetstar passengers travelling on the same day.
Growing at Changi, together
Welcoming CAG’s partnership with Jetstar, CAG Chief Executive Officer, Mr Lee Seow Hiang, said, “We are honoured that Jetstar has chosen Changi Airport to be its largest hub in Asia. We are committed to supporting Jetstar’s growth at Changi by helping it to grow traffic and to keep costs low. By hubbing at Changi, Jetstar will gain from inter-lining opportunities with the many airlines that fly here, including its parent, Qantas, which already uses Changi as an Asia hub.
“For Changi Airport, it will benefit from Jetstar’s increased number of flights and destinations, which will contribute to higher passenger traffic and a stronger connectivity network. And, importantly, this partnership is also beneficial for air travellers in the region who will enjoy a greater choice of low-fare travel options through Changi.”
Mr Lee added, “Our agreement with Jetstar signals CAG’s strong desire to work with our airline partners to grow the pie at Changi. We are ready to develop customised partnerships with airlines based on their business models and growth plans, whether they are full service or low cost carriers.”
Jetstar Chief Executive Officer Mr Bruce Buchanan said the new agreement would support significant growth opportunities for Jetstar and its networks linking Singapore.
“This agreement is most important to us and provides a platform for sustainable future growth throughout Asia,” Mr Buchanan said.
“Partnerships like this with Changi Airport Group allow us to invest in both existing and new flying markets and present opportunities from Singapore for us to drive growth.
“Singapore is of high strategic importance to Jetstar and equally of great importance to the Qantas Group. This agreement provides further leverage to us now seeking the full benefits of a burgeoning hub operation in Singapore.
“The clear operational advantages of Singapore as a hub and primary access point into Asia are clear and can now be further built upon as a result of this agreement.”
Jetstar, a pioneer in Asia’s low cost carrier sector, operates 408 flights each week to and from Changi, offering its passengers a varied menu of 23 destinations. Its future planned growth is supported by fleet expansion plans to beyond 100 aircraft by 2014/15.
Changi Airport Group (CAG) and Jetstar signed an agreement today to launch a strategic partnership that will see Jetstar continue to make Singapore Changi Airport its largest air hub in Asia for both short and long haul operations. As part of the agreement, Jetstar will operate its highest number of services and base its largest number of A320-family aircraft in Asia at Changi. It also commits to introduce long haul services using wide body aircraft out of Singapore.
Under the three-year agreement, the Jetstar Group – which includes Jetstar in Australia and Jetstar Asia/ Valuair based in Singapore – is committed to increase existing flight frequencies and offer more destinations from Singapore.
Jetstar’s projected growth at Changi will include additional A320-family narrow body services and, for the first time, wide-body A330-200 medium and long haul flights to and from destinations in Asia and beyond. Jetstar also aims to grow the percentage of transit and transfer traffic through Changi among its passengers.
CAG will support Jetstar’s continued growth at Changi Airport with various incentives under the Changi Airport Growth Initiative which was introduced on 1 January 2010. The incentives will enable Jetstar to lower its cost of operations at Changi. It will also receive additional incentives for launching services to cities not currently connected to Changi. This will provide more offerings and new exciting destinations for passengers travelling via and out of Singapore.
As a partner, CAG will work closely with Jetstar to explore route opportunities to grow its traffic out of Changi. CAG will also support Jetstar’s operational needs, such as to improve its ground operations and to enhance the airport experience of its passengers, for example by introducing an early check-in option for Jetstar passengers travelling on the same day.
Growing at Changi, together
Welcoming CAG’s partnership with Jetstar, CAG Chief Executive Officer, Mr Lee Seow Hiang, said, “We are honoured that Jetstar has chosen Changi Airport to be its largest hub in Asia. We are committed to supporting Jetstar’s growth at Changi by helping it to grow traffic and to keep costs low. By hubbing at Changi, Jetstar will gain from inter-lining opportunities with the many airlines that fly here, including its parent, Qantas, which already uses Changi as an Asia hub.
“For Changi Airport, it will benefit from Jetstar’s increased number of flights and destinations, which will contribute to higher passenger traffic and a stronger connectivity network. And, importantly, this partnership is also beneficial for air travellers in the region who will enjoy a greater choice of low-fare travel options through Changi.”
Mr Lee added, “Our agreement with Jetstar signals CAG’s strong desire to work with our airline partners to grow the pie at Changi. We are ready to develop customised partnerships with airlines based on their business models and growth plans, whether they are full service or low cost carriers.”
Jetstar Chief Executive Officer Mr Bruce Buchanan said the new agreement would support significant growth opportunities for Jetstar and its networks linking Singapore.
“This agreement is most important to us and provides a platform for sustainable future growth throughout Asia,” Mr Buchanan said.
“Partnerships like this with Changi Airport Group allow us to invest in both existing and new flying markets and present opportunities from Singapore for us to drive growth.
“Singapore is of high strategic importance to Jetstar and equally of great importance to the Qantas Group. This agreement provides further leverage to us now seeking the full benefits of a burgeoning hub operation in Singapore.
“The clear operational advantages of Singapore as a hub and primary access point into Asia are clear and can now be further built upon as a result of this agreement.”
Jetstar, a pioneer in Asia’s low cost carrier sector, operates 408 flights each week to and from Changi, offering its passengers a varied menu of 23 destinations. Its future planned growth is supported by fleet expansion plans to beyond 100 aircraft by 2014/15.
Descartes' Chinese United-by-Design Reseller, NTI, Signs First Customer
Descartes Systems Group (TSX:DSG) (Nasdaq:DSGX), a federated global logistics network, announced New Trend International Logistics Technology Ltd. (NTI), a leading Chinese material handling technology provider and Descartes United by Design reseller, has signed its first customer, Jiangsu Tobacco.
Jiangsu Tobacco selected Descartes' Routing and Scheduling solution, combined with a global positioning system (GPS) solution to provide real-time visibility and security for vehicles in the field. Descartes' routing and scheduling solution streamlines delivery routes by maximizing Jiangsu Tobacco's asset utilization and enables performance measurement against an actual plan. Descartes' Routing and Scheduling solution re-optimizes deliveries in real-time, allocating resources to help maximize operating efficiencies; deliver priority service to the most profitable accounts and routes; and maintain overall customer service objectives. Descartes' Routing and Scheduling solution is designed to integrate easily with existing order management or transportation planning systems, and can help companies reduce costs as a result of shorter routes, reduced fuel consumption and enhanced fleet utilization.
Jiangsu Tobacco is the first project since the December 2009 announcement of Descartes' alliance with NTI to combine its federated platform that unites hardware, software, networks and a community of logistics organizations, with NTI's local business network to provide a comprehensive logistics information management system. This information management system includes logistics management information system (LMIS), warehouse management (WMS), transportation management (TMS) and GPS technologies. NTI provides project management, system integration as well as the LMIS platform for the project.
Descartes' federated network combines the power of the Descartes Global Logistics Network (GLN), a community of over 22,000 companies in over 165 countries exchanging logistics information, and value-added applications working together to standardize and streamline business processes.
"We are excited about signing Jiangsu Tobacco to use Descartes' Routing and Scheduling solution," said Raymond Cheung, Vice President of NTI. "Our alliance incorporates our local business network with Descartes' state-of-the-art distribution solution, to meet the requirement of the Chinese government to speed up the construction of information technology in the logistics industry. We look forward to continuing to work together with Descartes to improve the productivity and performance of logistics-intensive organizations across China."
"Signing our first customer through our ‘United-by-Design' alliance with NTI is proof that joining our networks to provide a comprehensive federated platform enables our customers to accelerate the time-to-value and results for organizations," said Art Mesher, CEO of Descartes. "We look forward to continuing to work together with NTI to standardize and automate logistics processes for organizations in China."
About Jiangsu Tobacco
Jiangsu Tobacco is one of the 33 provincial tobacco companies of China Tobacco. For more information about Jiangsu Tobacco visit http://www.tobacco.gov.cn/html/index.html
About NTI
NTI was established in 2000 in Shenzhen China. They are a professional material handling systems technology company specialized in logistics technological transformation, logistics solutions, logistics system integration and logistics software development. NTI is headquartered in Shenzhen city, with a staff of over 200. For more information about NTI visit www.nti56.com.
About Descartes
Descartes (TSX:DSG) (Nasdaq:DSGX) is making the world a better place by enabling global organizations with logistics-intensive businesses to save money by improving the productivity and performance of their operations. Underlying Descartes' offerings is the Descartes Global Logistics Network (GLN), one of the world's most extensive multi-modal business applications network. As a federated platform, the Descartes GLN combines with component-based 'nano' sized applications to provide messaging services between logistics trading partners, shipment management services to help manage third party carriers and private fleet management services for organizations of all sizes. Descartes' solutions and services deliver results by enabling organizations around the world to reduce administrative costs, billing cycles, fleet size, contract carrier costs, and mileage driven; improve pickup and delivery reliability; and optimize working capital through fleet visibility. Descartes' hosted, transactional and packaged solutions deliver repeatable, measurable results and fast time-to-value. Descartes customers include an estimated 1,600 ground carriers and more than 90 airlines, 30 ocean carriers, 900 freight forwarders and third-party providers of logistics services, and hundreds of manufacturers, retailers, distributors, private fleet owners and regulatory agencies. The company has more than 400 employees and is based in Waterloo, Ontario, with operations in Atlanta, Copenhagen, Heverlee, Pittsburgh, Ottawa, Montreal, Miami, Minneapolis, Washington D.C., Derby, London, Silver Spring, Stockholm, Suzhou, Shanghai, Tokyo, and Toronto. For more information, visit www.descartes.com.
The Descartes Systems Group logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4065
This release contains forward-looking information within the meaning of applicable securities laws ("forward-looking statements") that relate to Descartes' solution offering and potential benefits derived therefrom; Descartes combining its federated platform with NTI's local business network; and other matters. Such forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements to differ materially from the anticipated results, performance or achievements or developments expressed or implied by such forward-looking statements. Such factors include, but are not limited to, changes in the structure or deployment of compliance initiatives and the factors and assumptions discussed in the section entitled, "Certain Factors That May Affect Future Results" in documents filed with the Securities and Exchange Commission, the Ontario Securities Commission and other securities commissions across Canada. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based.
Jiangsu Tobacco selected Descartes' Routing and Scheduling solution, combined with a global positioning system (GPS) solution to provide real-time visibility and security for vehicles in the field. Descartes' routing and scheduling solution streamlines delivery routes by maximizing Jiangsu Tobacco's asset utilization and enables performance measurement against an actual plan. Descartes' Routing and Scheduling solution re-optimizes deliveries in real-time, allocating resources to help maximize operating efficiencies; deliver priority service to the most profitable accounts and routes; and maintain overall customer service objectives. Descartes' Routing and Scheduling solution is designed to integrate easily with existing order management or transportation planning systems, and can help companies reduce costs as a result of shorter routes, reduced fuel consumption and enhanced fleet utilization.
Jiangsu Tobacco is the first project since the December 2009 announcement of Descartes' alliance with NTI to combine its federated platform that unites hardware, software, networks and a community of logistics organizations, with NTI's local business network to provide a comprehensive logistics information management system. This information management system includes logistics management information system (LMIS), warehouse management (WMS), transportation management (TMS) and GPS technologies. NTI provides project management, system integration as well as the LMIS platform for the project.
Descartes' federated network combines the power of the Descartes Global Logistics Network (GLN), a community of over 22,000 companies in over 165 countries exchanging logistics information, and value-added applications working together to standardize and streamline business processes.
"We are excited about signing Jiangsu Tobacco to use Descartes' Routing and Scheduling solution," said Raymond Cheung, Vice President of NTI. "Our alliance incorporates our local business network with Descartes' state-of-the-art distribution solution, to meet the requirement of the Chinese government to speed up the construction of information technology in the logistics industry. We look forward to continuing to work together with Descartes to improve the productivity and performance of logistics-intensive organizations across China."
"Signing our first customer through our ‘United-by-Design' alliance with NTI is proof that joining our networks to provide a comprehensive federated platform enables our customers to accelerate the time-to-value and results for organizations," said Art Mesher, CEO of Descartes. "We look forward to continuing to work together with NTI to standardize and automate logistics processes for organizations in China."
About Jiangsu Tobacco
Jiangsu Tobacco is one of the 33 provincial tobacco companies of China Tobacco. For more information about Jiangsu Tobacco visit http://www.tobacco.gov.cn/html/index.html
About NTI
NTI was established in 2000 in Shenzhen China. They are a professional material handling systems technology company specialized in logistics technological transformation, logistics solutions, logistics system integration and logistics software development. NTI is headquartered in Shenzhen city, with a staff of over 200. For more information about NTI visit www.nti56.com.
About Descartes
Descartes (TSX:DSG) (Nasdaq:DSGX) is making the world a better place by enabling global organizations with logistics-intensive businesses to save money by improving the productivity and performance of their operations. Underlying Descartes' offerings is the Descartes Global Logistics Network (GLN), one of the world's most extensive multi-modal business applications network. As a federated platform, the Descartes GLN combines with component-based 'nano' sized applications to provide messaging services between logistics trading partners, shipment management services to help manage third party carriers and private fleet management services for organizations of all sizes. Descartes' solutions and services deliver results by enabling organizations around the world to reduce administrative costs, billing cycles, fleet size, contract carrier costs, and mileage driven; improve pickup and delivery reliability; and optimize working capital through fleet visibility. Descartes' hosted, transactional and packaged solutions deliver repeatable, measurable results and fast time-to-value. Descartes customers include an estimated 1,600 ground carriers and more than 90 airlines, 30 ocean carriers, 900 freight forwarders and third-party providers of logistics services, and hundreds of manufacturers, retailers, distributors, private fleet owners and regulatory agencies. The company has more than 400 employees and is based in Waterloo, Ontario, with operations in Atlanta, Copenhagen, Heverlee, Pittsburgh, Ottawa, Montreal, Miami, Minneapolis, Washington D.C., Derby, London, Silver Spring, Stockholm, Suzhou, Shanghai, Tokyo, and Toronto. For more information, visit www.descartes.com.
The Descartes Systems Group logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4065
This release contains forward-looking information within the meaning of applicable securities laws ("forward-looking statements") that relate to Descartes' solution offering and potential benefits derived therefrom; Descartes combining its federated platform with NTI's local business network; and other matters. Such forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements to differ materially from the anticipated results, performance or achievements or developments expressed or implied by such forward-looking statements. Such factors include, but are not limited to, changes in the structure or deployment of compliance initiatives and the factors and assumptions discussed in the section entitled, "Certain Factors That May Affect Future Results" in documents filed with the Securities and Exchange Commission, the Ontario Securities Commission and other securities commissions across Canada. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based.
TTA’s shareholders approved cash dividend payments at 0.54 THB per share,
TTA’s shareholders approved cash dividend payments at 0.54 THB per share, cancelled and reaffirmed 50 million ordinary shares at Baht 1 par for future financial usage, and nominated four directors for another term
An annual cash dividend payment at 0.54 THB per share was approved at the 1/2010 Annual General Meeting of Shareholders of Thoresen Thai Agencies Public Company Limited (“TTA”) along with the increase of TTA registered share capital for a private placement worth 50 million THB. The meeting also approved the re-appointment of four directors for another term.
M.L. Chandchutha Chandratat, TTA President and Chief Executive Officer, reported that TTA’s shareholders approved cash dividends at 0.54 THB per share to the 708,004,413 shares, worth 382.3 million THB in total value.
“The dividends will be paid to shareholders whose names appear on TTA’s share register book on the Record Date of 8 February 2010. The share register book closing date for collecting shareholders names under Section 225 of the Securities and Exchange Act is scheduled to be 9 February 2010. The final dividend payment shall be made on 23 February 2010,” said the President & Chief Executive Officer.
“The shareholders approved the re-election of Mr. Stephen Fordham, Mrs. Pratana Mongkolkul, Mrs. Joey Horn, and Mr. Terje Schau, as directors for another term as they are highly experienced and competent.”
“It also approved the appointment of PricewaterhouseCoopers ABAS Limited as TTA’s auditor for the financial year that ended on 30 September 2010 and fix the auditors’ fees at 3.16 million THB,” said President & Chief Executive Officer Chandchutha.
He said the shareholders also approved the capital reduction by cancelling 50,048,452 authorized but un-issued shares at the par value of 1 THB each from the existing registered capital of 933 million THB to be the new registered capital of 883 million THB divided into 883,004,413 shares at the par value of Baht 1 each.
“The shareholders approved an increase of the registered capital of another 50 million THB by an issue of 50,000,000 new ordinary shares at the par value of Baht 1 each from the existing registered capital of 883 million THB to be the new registered capital of 933 million THB divided into 933,004,413 ordinary shares at the par value of 1 THB each,” reported the President & Chief Executive Officer.
“The shareholders had approved the allotment of 50,000,000 new ordinary shares of par value at 1 THB to be reserved for private placement in 1999 and re-confirmed the amount in 2009. TTA has no immediate plan to place the private placement shares in the near future. The allotment of 50 million new shares is to maintain future financial flexibility.”
The shareholders approved the issue of 4,000,000 warrants to directors and employees, including any employee(s) who is also a director, of Mermaid and its subsidiaries, under an ESOP Scheme. “The ESOP Scheme has the goal of increasing the personal stake of such directors and employees in the continued success and growth of Mermaid and motivating them to remain in the service of Mermaid on a long-term basis,” he said.
About TTA
Thoresen Thai Agencies Public Company Limited is amongst the top 50 companies listed on the Stock Exchange of Thailand with high trading liquidity. Its investment strategy is to grow through a diversified business portfolio of transport, energy, and infrastructure assets, both domestically and internationally. TTA is recognised as a leader in the dry bulk shipping industry. The company has also expanded its investment into other business areas, such as offshore services through Mermaid Maritime Public Company Limited, fertilisers and logistics through Baconco Co., Ltd., and coal-related businesses through Merton Group (Cyprus) Limited and Unique Mining Services Public Company Limited.
An annual cash dividend payment at 0.54 THB per share was approved at the 1/2010 Annual General Meeting of Shareholders of Thoresen Thai Agencies Public Company Limited (“TTA”) along with the increase of TTA registered share capital for a private placement worth 50 million THB. The meeting also approved the re-appointment of four directors for another term.
M.L. Chandchutha Chandratat, TTA President and Chief Executive Officer, reported that TTA’s shareholders approved cash dividends at 0.54 THB per share to the 708,004,413 shares, worth 382.3 million THB in total value.
“The dividends will be paid to shareholders whose names appear on TTA’s share register book on the Record Date of 8 February 2010. The share register book closing date for collecting shareholders names under Section 225 of the Securities and Exchange Act is scheduled to be 9 February 2010. The final dividend payment shall be made on 23 February 2010,” said the President & Chief Executive Officer.
“The shareholders approved the re-election of Mr. Stephen Fordham, Mrs. Pratana Mongkolkul, Mrs. Joey Horn, and Mr. Terje Schau, as directors for another term as they are highly experienced and competent.”
“It also approved the appointment of PricewaterhouseCoopers ABAS Limited as TTA’s auditor for the financial year that ended on 30 September 2010 and fix the auditors’ fees at 3.16 million THB,” said President & Chief Executive Officer Chandchutha.
He said the shareholders also approved the capital reduction by cancelling 50,048,452 authorized but un-issued shares at the par value of 1 THB each from the existing registered capital of 933 million THB to be the new registered capital of 883 million THB divided into 883,004,413 shares at the par value of Baht 1 each.
“The shareholders approved an increase of the registered capital of another 50 million THB by an issue of 50,000,000 new ordinary shares at the par value of Baht 1 each from the existing registered capital of 883 million THB to be the new registered capital of 933 million THB divided into 933,004,413 ordinary shares at the par value of 1 THB each,” reported the President & Chief Executive Officer.
“The shareholders had approved the allotment of 50,000,000 new ordinary shares of par value at 1 THB to be reserved for private placement in 1999 and re-confirmed the amount in 2009. TTA has no immediate plan to place the private placement shares in the near future. The allotment of 50 million new shares is to maintain future financial flexibility.”
The shareholders approved the issue of 4,000,000 warrants to directors and employees, including any employee(s) who is also a director, of Mermaid and its subsidiaries, under an ESOP Scheme. “The ESOP Scheme has the goal of increasing the personal stake of such directors and employees in the continued success and growth of Mermaid and motivating them to remain in the service of Mermaid on a long-term basis,” he said.
About TTA
Thoresen Thai Agencies Public Company Limited is amongst the top 50 companies listed on the Stock Exchange of Thailand with high trading liquidity. Its investment strategy is to grow through a diversified business portfolio of transport, energy, and infrastructure assets, both domestically and internationally. TTA is recognised as a leader in the dry bulk shipping industry. The company has also expanded its investment into other business areas, such as offshore services through Mermaid Maritime Public Company Limited, fertilisers and logistics through Baconco Co., Ltd., and coal-related businesses through Merton Group (Cyprus) Limited and Unique Mining Services Public Company Limited.
Friday, January 29, 2010
syncreon Increases Healthcare Scope
syncreon, a provider of highly customized supply chain and integrated logistics solutions, today announced that the Principals of H3 Logistics, LLC have joined syncreon's global organization.
(Logo: http://www.newscom.com/cgi-bin/prnh/20091229/CL30911LOGO )
H3 Logistics is a third-party logistics (3PL) and supply chain engineering company providing solutions to the healthcare industry. Integrating the service offerings of H3 Logistics provides syncreon capabilities to improve the service and cost structure of supply chains for healthcare providers and supply vendors as the need for logistical support extends beyond a health system's acute care setting to their ambulatory care, episodic care, and post-acute care delivery points. It strengthens syncreon's offerings and expands end markets served to include healthcare providers.
Brian Enright, President & CEO of syncreon, said, "This is an important addition to syncreon as we continue our expansion in, and service offerings to, the Healthcare Industry. H3 Logistics services add considerably to our capabilities. It continues to build upon syncreon's core differentiator - flexible and customized solutions for our customers."
About syncreon
syncreon is a global contract logistics and supply chain management company that uses its asset-light business model to provide specialized transportation, inbound, outbound, and fulfillment logistics services. These services are fully integrated into their customers' supply chain and final end-client delivery.
With its operational HQ in Auburn Hills, MI., syncreon has activities in 20 countries, with over 60 facilities and approximately 9,500 employees. syncreon is owned by Irish businessmen Michael & Brian Enright and New York based private equity firm, GenNx360 Capital Partners. For more information please visit, www.syncreon.com .
About H3 Logistics
H3 Logistics is a third-party logistics (3PL) and supply chain engineering company. H3 Logistics designs and implements supply chain solutions for independent hospitals, health systems and collaborations of unaffiliated healthcare providers. www.H3Logistics.com .
About GenNx360 Capital Partners
GenNx360 Capital Partners is committed to delivering superior returns to investors in all its portfolio companies. The firm acquires companies with proven and sustainable business models in expanding industries and implements the required operating changes to deliver cost efficiencies and accelerated growth opportunities. The firm's proven business methodology is based on more than 100 years of partner experience successfully running global businesses.
(Logo: http://www.newscom.com/cgi-bin/prnh/20091229/CL30911LOGO )
H3 Logistics is a third-party logistics (3PL) and supply chain engineering company providing solutions to the healthcare industry. Integrating the service offerings of H3 Logistics provides syncreon capabilities to improve the service and cost structure of supply chains for healthcare providers and supply vendors as the need for logistical support extends beyond a health system's acute care setting to their ambulatory care, episodic care, and post-acute care delivery points. It strengthens syncreon's offerings and expands end markets served to include healthcare providers.
Brian Enright, President & CEO of syncreon, said, "This is an important addition to syncreon as we continue our expansion in, and service offerings to, the Healthcare Industry. H3 Logistics services add considerably to our capabilities. It continues to build upon syncreon's core differentiator - flexible and customized solutions for our customers."
About syncreon
syncreon is a global contract logistics and supply chain management company that uses its asset-light business model to provide specialized transportation, inbound, outbound, and fulfillment logistics services. These services are fully integrated into their customers' supply chain and final end-client delivery.
With its operational HQ in Auburn Hills, MI., syncreon has activities in 20 countries, with over 60 facilities and approximately 9,500 employees. syncreon is owned by Irish businessmen Michael & Brian Enright and New York based private equity firm, GenNx360 Capital Partners. For more information please visit, www.syncreon.com .
About H3 Logistics
H3 Logistics is a third-party logistics (3PL) and supply chain engineering company. H3 Logistics designs and implements supply chain solutions for independent hospitals, health systems and collaborations of unaffiliated healthcare providers. www.H3Logistics.com .
About GenNx360 Capital Partners
GenNx360 Capital Partners is committed to delivering superior returns to investors in all its portfolio companies. The firm acquires companies with proven and sustainable business models in expanding industries and implements the required operating changes to deliver cost efficiencies and accelerated growth opportunities. The firm's proven business methodology is based on more than 100 years of partner experience successfully running global businesses.
TTA & UMS Won Accolades for Good Corporate Governance from IOD
Thoresen Thai Agencies Public Company Limited (“TTA”) received an “Excellent” assessment rating from the Thai Institute of Directors Association (“IOD”) for its corporate governance practices, according to TTA President & CEO M.L. Chandchutha Chandratat.
“This is a highly valued testimony to TTA’s efforts to improve our corporate governance practices in line with the best publicly listed companies. We are very proud to receive an ‘Excellent’ rating from the IOD, which assessed more than 290 publicly listed Thai companies in 2009,” said M.L. Chandchutha.
Unique Mining Services Public Company Limited (“UMS”), the coal logistics subsidiary of TTA, received a “Very Good” rating from the IOD as part of the same assessment process.
A number of evaluation criteria were used based on the Organization for Economic Cooperation and Development (“OECD”) and the SET Principles of Corporate Governance, namely 1) The Rights of Shareholders, 2) The Equitable Treatment of Shareholders, 3) The Role of Stakeholders, 4) Disclosure and Transparency, and 5) The Responsibilities of the Board.
“This assessment strongly reflects TTA’s accomplishments in developing a good governance framework. It also highlights our strong Board leadership, professional management and effective partnerships with our stakeholders,” said M.L. Chandchutha.
“TTA and UMS are determined to uphold good corporate governance principles and high professional management standards. Our corporate governance framework is an integral part of our goal to further develop a top-performing diversified business group and ensure the delivery of good long-term returns to our shareholders,” affirmed M.L. Chandchutha.
About TTA
Thoresen Thai Agencies Public Company Limited is amongst the top 50 companies listed on the Stock Exchange of Thailand with high trading liquidity. Its investment strategy is to grow through a diversified business portfolio of transport, energy, and infrastructure assets, both domestically and internationally. TTA is recognised as a leader in the dry bulk shipping industry. The company has also expanded its investment into other business areas, such as offshore services through Mermaid Maritime Public Company Limited, fertilisers and logistics through Baconco Co., Ltd., and coal-related businesses through Merton Group (Cyprus) Limited and Unique Mining Services Public Company Limited.
“This is a highly valued testimony to TTA’s efforts to improve our corporate governance practices in line with the best publicly listed companies. We are very proud to receive an ‘Excellent’ rating from the IOD, which assessed more than 290 publicly listed Thai companies in 2009,” said M.L. Chandchutha.
Unique Mining Services Public Company Limited (“UMS”), the coal logistics subsidiary of TTA, received a “Very Good” rating from the IOD as part of the same assessment process.
A number of evaluation criteria were used based on the Organization for Economic Cooperation and Development (“OECD”) and the SET Principles of Corporate Governance, namely 1) The Rights of Shareholders, 2) The Equitable Treatment of Shareholders, 3) The Role of Stakeholders, 4) Disclosure and Transparency, and 5) The Responsibilities of the Board.
“This assessment strongly reflects TTA’s accomplishments in developing a good governance framework. It also highlights our strong Board leadership, professional management and effective partnerships with our stakeholders,” said M.L. Chandchutha.
“TTA and UMS are determined to uphold good corporate governance principles and high professional management standards. Our corporate governance framework is an integral part of our goal to further develop a top-performing diversified business group and ensure the delivery of good long-term returns to our shareholders,” affirmed M.L. Chandchutha.
About TTA
Thoresen Thai Agencies Public Company Limited is amongst the top 50 companies listed on the Stock Exchange of Thailand with high trading liquidity. Its investment strategy is to grow through a diversified business portfolio of transport, energy, and infrastructure assets, both domestically and internationally. TTA is recognised as a leader in the dry bulk shipping industry. The company has also expanded its investment into other business areas, such as offshore services through Mermaid Maritime Public Company Limited, fertilisers and logistics through Baconco Co., Ltd., and coal-related businesses through Merton Group (Cyprus) Limited and Unique Mining Services Public Company Limited.
Sunday, January 24, 2010
Four Soft and Freight Forwarding Industry Leaders Form Global Alliance to Drive Efficiencies in Logistics Software
Four Soft Limited, India (NSE: "FOURSOFT", BSE 532521), a global leader offering software solutions for transportation and logistics, today announced that it is bringing top players of the logistics industry on a
single platform to form a strategic initiative - FFIFA (Freight Forwarding Industry & Four Soft Alliance).
Leading players like DHL, Geodis Wilson, CEVA, Agility, FedEx and Continental Group have come together for the first time to drive efficiencies in the logistics software deployment. The members will collaborate and collectively suggest the adoption of best practices across the industry.
Kieren Ring, CEO, Global Institute of Logistics, commented, "I have been observing the growth of Four Soft from the past few years and they have the acquaintance with the global logistics players which makes
them the ideal partner to hold this initiative. I am sure this will help the Logistics industry to achieve next level of maturity in their business processes.”
Palem Srikanth, Chairman, Four Soft Limited, commented, "Logistics industry has been facing serious problems due to lack of standardized business processes. It has made them less competitive and led to lack of
control on their IT budgets. We believe this is the right time for leading players of the industry to come together and adopt a collaborative approach to the common industry problems.”
Rajshekhar Roy, CEO, Four Soft Limited, commented, "FFIFA will kick start much needed collaboration and defining common industry standards, resulting in lowering the communication costs among various
players and using IT as a tool of competitive advantage. Four Soft has established market leadership position in the 3PL and the transportation segments and this association will provide a great opportunity to work with industry leaders which enables us to better serve our customer base with enterprise-class software solutions.”
About Four Soft Limited
Four Soft is a public listed and CMMI level 3 certified company which provides innovative software solutions and IT consultancy services exclusively for the logistics and supply-chain management market place.
With regional offices strategically located worldwide, it supports customers including DHL, Schenker, Agility, UTI and Geodis-Wilson.
single platform to form a strategic initiative - FFIFA (Freight Forwarding Industry & Four Soft Alliance).
Leading players like DHL, Geodis Wilson, CEVA, Agility, FedEx and Continental Group have come together for the first time to drive efficiencies in the logistics software deployment. The members will collaborate and collectively suggest the adoption of best practices across the industry.
Kieren Ring, CEO, Global Institute of Logistics, commented, "I have been observing the growth of Four Soft from the past few years and they have the acquaintance with the global logistics players which makes
them the ideal partner to hold this initiative. I am sure this will help the Logistics industry to achieve next level of maturity in their business processes.”
Palem Srikanth, Chairman, Four Soft Limited, commented, "Logistics industry has been facing serious problems due to lack of standardized business processes. It has made them less competitive and led to lack of
control on their IT budgets. We believe this is the right time for leading players of the industry to come together and adopt a collaborative approach to the common industry problems.”
Rajshekhar Roy, CEO, Four Soft Limited, commented, "FFIFA will kick start much needed collaboration and defining common industry standards, resulting in lowering the communication costs among various
players and using IT as a tool of competitive advantage. Four Soft has established market leadership position in the 3PL and the transportation segments and this association will provide a great opportunity to work with industry leaders which enables us to better serve our customer base with enterprise-class software solutions.”
About Four Soft Limited
Four Soft is a public listed and CMMI level 3 certified company which provides innovative software solutions and IT consultancy services exclusively for the logistics and supply-chain management market place.
With regional offices strategically located worldwide, it supports customers including DHL, Schenker, Agility, UTI and Geodis-Wilson.
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