3,000-Square-Meter Factory to House MERKE IV™ RPD™ Machine Final Assembly & Test Operations as well as to Showcase Norsk’s Ultra Lean Manufacturing Production Line
OSLO, Norway, March 3 (Bernama-BUSINESS WIRE) -- Norsk Titanium AS, the world’s leading provider of aerospace-grade, titanium additive manufacturing technology, today announced the groundbreaking of a new European assembly and test center outside Oslo, Norway.
Norsk Titanium Chief Commercial Officer Chet Fuller, Chief Executive Officer Warren M. Boley Jr., and Senior Vice President of Operations Chris Bohlmann were on hand to kick off construction of the new facility, which is scheduled to be completed October 2016.
http://mrem.bernama.com/viewsm.php?idm=26317
Friday, March 4, 2016
TEN-YEAR GREEN PROJECTS MAKE ZHEJIANG PRETTIER
HANGZHOU, China, Mar 4 (Bernama-AsiaNet) -- On August 15, 2005, Xi
Jinping, then Secretary of the CPC Zhejiang Committee, inspected Yucun
Village, Tianhuangping Town, Anji County, Huzhou City in the north of
the province. During the inspection tour, he observed, "In the past we
said we wanted clear waters and green mountains and we wanted mountains
of gold and silver at the same time. In fact, clear rivers and green
mountains are mountains of gold and silver!"
A decade has elapsed. Has the hope in Xi's remark been accomplished across the province?
http://mrem.bernama.com/viewsm.php?idm=26339
A decade has elapsed. Has the hope in Xi's remark been accomplished across the province?
A.M. Best Affirms Energas Financial Strength Rating At A (excellent)
KUALA LUMPUR, March 4 (Bernama) -- US-based rating agency A.M. Best has
affirmed the financial strength rating of Petronas' sole captive
insurance company, Energas Insurance (L) Ltd, at A (Excellent) and the
issuer credit rating at "a".
The rating agency has also put the outlook on both ratings as stable.
A.M. Best in a statement today said the rating affirmation reflects the company's strong risk-adjusted capitalisation, continuing favourable operating performance and comprehensive reinsurance programme.
"The ratings also acknowledge its strategic position as the sole captive insurance company for Petronas, the national oil and gas company of Malaysia, which is wholly-owned by the Government of Malaysia.
"Energas' role is an integral component in the overall risk management programme of the group," it said.
It said Energas' capital and surplus have been growing steadily in the past five years due to its favourable underwriting results while the company's financial strength is further underpinned by its retention of earnings, risk selection and reinsurance programme.
In addition, Energas has maintained a prudent investment portfolio of high liquidity, it said.
A.M. Best said Energas maintains a comprehensive reinsurance programme with a strong panel of reinsurers, which is expected to continue to protect its capitalisation in the event of large losses.
However, it said, partially offsetting these positive rating factors are Energas' potential volatility of underwriting performance and capitalisation due to its captive business nature and higher risk retention since 2013.
Nevertheless, it said, Energas is well positioned at its current rating level.
"Negative rating actions could occur if there is material deterioration in operating performance, resulting in a material decline in its risk-adjusted capitalisation level.
"Alternatively, negative rating pressure might arise if there is a significant downward movement of Petronas's credit profile," it added.
-- BERNAMA
The rating agency has also put the outlook on both ratings as stable.
A.M. Best in a statement today said the rating affirmation reflects the company's strong risk-adjusted capitalisation, continuing favourable operating performance and comprehensive reinsurance programme.
"The ratings also acknowledge its strategic position as the sole captive insurance company for Petronas, the national oil and gas company of Malaysia, which is wholly-owned by the Government of Malaysia.
"Energas' role is an integral component in the overall risk management programme of the group," it said.
It said Energas' capital and surplus have been growing steadily in the past five years due to its favourable underwriting results while the company's financial strength is further underpinned by its retention of earnings, risk selection and reinsurance programme.
In addition, Energas has maintained a prudent investment portfolio of high liquidity, it said.
A.M. Best said Energas maintains a comprehensive reinsurance programme with a strong panel of reinsurers, which is expected to continue to protect its capitalisation in the event of large losses.
However, it said, partially offsetting these positive rating factors are Energas' potential volatility of underwriting performance and capitalisation due to its captive business nature and higher risk retention since 2013.
Nevertheless, it said, Energas is well positioned at its current rating level.
"Negative rating actions could occur if there is material deterioration in operating performance, resulting in a material decline in its risk-adjusted capitalisation level.
"Alternatively, negative rating pressure might arise if there is a significant downward movement of Petronas's credit profile," it added.
-- BERNAMA
Thursday, March 3, 2016
A.M. BEST UPGRADES RATINGS OF ASIAN REINSURANCE CORPORATION
SINGAPORE, March 3 (Bernama-BUSINESS WIRE) -- A.M. Best has upgraded the financial strength rating (FSR) to B+ (Good) from B (Fair) and the issuer credit rating (ICR) to “bbb-” from “bb+” of Asian Reinsurance Corporation (Asian Re) (Thailand). The outlook on both ratings has been revised to stable from positive.
YUPPTV LAUNCHES PREMIUM ENTERTAINMENT CHANNEL &TV IN PARTNERSHIP WITH ZEE NETWORK
ATLANTA, March 1 (Bernama-BUSINESS WIRE) -- YuppTV, the world’s largest Over-The-Top (OTT) provider for South Asian content, has announced its partnership with &TV. YuppTV’s partnership with the channel will allow its users to catch a diverse and dynamic mix of relatable fiction, high voltage non-fiction, marquee events and blockbuster movies in Hindi from &TV through its platform.
&TV is the flagship Hindi GEC of the ‘&’ bouquet of channels from Zee Entertainment Enterprises Limited (ZEEL), a global media and entertainment company. With the association confirmed, &TV’s delightful blend of programming across genres will now be available to YuppTV users across the globe.
TRIPWIRE EXPANDS ENDPOINT DETECTION AND RESPONSE CAPABILITIES IN TRIPWIRE ENTERPRISE
SAN FRANCISCO, March 2
(Bernama-BUSINESS WIRE) -- RSA Booth 3301 — Tripwire, Inc., a leading global
provider of endpoint protection, security and compliance solutions, today
announced a range of new proactive endpoint detection and response (EDR) features in its
flagship product, Tripwire® Enterprise. The new EDR functionality
can discover and assess the security of endpoint assets on an organization’s
network, enabling real-time detection, analysis and response to cyber attacks.
OPPLE LIGHTING RANKED NO.1 ON CHINA'S TOP 100 LED ENTERPRISES LIST 2015 AND LISTED AMONG CHINA'S FIRST BATCH OF EXPORT QUALITY AND SAFETY DEMONSTRATION LIGHTING ENTERPRISES
SHANGHAI, March 2
(Bernama-BUSINESS WIRE) -- With its new business models and high-quality
products, OPPLE Lighting recently announced that it harvested two honors: it
was ranked No.1 on China’s Top 100 LED Enterprises List 2015 and listed among
China’s First Batch of Export Quality and Safety Demonstration Lighting Enterprises.
China’s Top 100 LED Enterprises List 2015 was revealed at the 6th China LED
Lighting Application Summit & China LED Industry Development Trend Forum
held by China Building Decoration Association in Guangzhou, China, while
China’s First Batch of Export Quality and Safety Demonstration Lighting
Enterprises were selected by the Joint Conference Office for Construction of
Exporting Industrial Products (Lighting) Quality and Safety Demonstration. The
two recognitions will help OPPLE Lighting maintain its leading position in
China’s lighting industry and strengthen its brand image in the process of the
globalization.
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