The crisis in Japan spread a wave of destruction across the land and sea as well as a ripple of fear the world over regarding nuclear power. The risks associated with nuclear power have always been at the forefront of energy debates. Despite the true outcome of the Fukushima disaster being not yet known, governments are re-examining their energy programmes.
The crisis in Japan spread a wave of destruction across the land and sea as well as a ripple of fear the world over regarding nuclear power. The risks associated with nuclear power have always been at the forefront of energy debates. Despite the true outcome of the Fukushima disaster being not yet known, governments are re-examining their energy programmes.
The crisis in Japan spread a wave of destruction across the land and sea as well as a ripple of fear the world over regarding nuclear power. The risks associated with nuclear power have always been at the forefront of energy debates. Despite the true outcome of the Fukushima disaster being not yet known, governments are re-examining their energy programmes.
play an irreplaceable role in our health care system. says Rob Koremans, Zentivas CEO March~April | 2011 6,90 | www.trade-investment.eu Nervous energy what can Europe learn from Fukushima Total continues its development in solar energy For Industry 2011 Verbund Zentiva HIP Petrohemija ITO Ing. Ludk Drnec All bad things can be overcome nkt cables group GmbH Carlswerk - 1.7 Labor Schanzenstrasse 6-20 D-51063 Cologne Tel: +49 (0) 221 676-0 www.nktcables.com
Innovation and thinking ahead have always been high priorities for nkt cables both in terms of environmental responsibility and nding creative processes, products and complete solutions. We develop, manufacture and market power cables and cable systems for electrical installations as well as for electricity distribution and transmission. Within development of catenary railway systems we are among the world leaders. Read more on nktcables.com We lead the way in innovative cable solutions Trade & I nvestment | www.trade-investment.eu 3 March ~ April 2011 Nervous energy what can Europe learn from Fukushima? The crisis in Japan spread not only a wave of destructi- on across the land and sea but also a ripple of fear the world over regarding nuclear power. The earthquake and tsunami were testament to the force of Mother Nature, then the threat from the potential repercussi- ons on the Fukushima nuclear power plant exemplify the precarious nature of Mans power. The risks associated with nuclear power have always been at the forefront of energy debates but despite the true outcome of the Fukushima disaster being not yet known, governments are re-examining their energy programmes with a revived nervousness. For example, in March German Chancellor Angela Merkel closed down seven of the countrys nuclear reactors to undergo tests, despite just months earlier commit- ting to increase the amount of nuclear power Ger- many generates. Other European countries such as Italy who after the Chernobyl crisis chose to abandon nuclear power altogether and were now perhaps on the cusp of reviving the debate have again pressed pause on their discussions. The diference between the conditions immediately post-Chernobyl and today is that there is a far gre- ater sense of urgency. Governments recognise that fnding alternative energy sources is not a task that can be set aside until conditions are less conten- tious. The matter has to be addressed now. Russia has been vocal about its commitment to the nuclear industry, with Prime Minister Vladimir Putin recently af rming his countrys intention to continue building new power stations and he is supported by Belarus, Turkey and Hungary who, in cooperation with Rus- sia, are assertively moving forward plans to build or modernise their nuclear power plants. In the Czech Republic the construction of two new reactors of the Temelin nuclear power plant is anticipated to create jobs for up to 5,000 people. The extension is set to be completed by 2025; fve years later than originally anticipated though in this instance the delay is only a result of reduced demand in energy caused by the economic crisis. The investment in Temelin is proof of the Czechs confdence in nuclear power and its safety. Whereas the majority of Europe is not as susceptible to natural disasters as that seen in Asia, the sensible focus in light of Japans events, and in order to ensure nuclear power remains a viable option for alternati- ve energy, is safety. And this is where time has been on our side: since Chernobyl, technologies have pro- gressed immeasurably, with there now being extre- mely sophisticated systems geared to ensure stability and signifcantly reduce the potential for accidents. Despite the fears surrounding nuclear power, it could be argued that it is in fact the safest energy option when compared with coal and oil for example without even considering the impact of climate chan- ge. A study of the health efects of electricity gene- ration in Europe showed that coal caused more than 1,000 times as many cases of serious illness among the public. Such comparisons are being scrutinised now more ferociously than ever. Perhaps that the Fukushima disaster has forced an even more cautious and exhaustive approach to the nuclear power deba- te will ultimately strengthen the case in its favour. Gabrielle Brown Trade&Investment is a business magazine published by Smart Publications, s.r.o., Radnin 231/4, 787 01 umperk, Czech Republic, registered with the commercial registr in Ostrava, Czech Republic, registration number C 44339, business number 28606795. Eidotr in Chief: Kateina Urbanov Editor: Gabrielle Brown Production Director: Mgr. Luk evk Business Development Manager: Marek Rottenborn Marketing Department: Andrea Hetmnkov, Ing. Monika Keov, Ing. Jana Vojtkov, Ing. Barbora Svtlkov. Sector Managers: Jan Kahnek, George Tacticos, Ji Dohnal Writers: Diane Mannion, Dave Foxall, Silke Humphrys, Gabrielle Brown Price of one issue: 6.90 Graphic design, typesetting and design layout, prepress: www.trifox.cz, trifox@trifox.cz Subscription: Handled by SEND Predplatne spol. s .r.o., Ve Zlibku 1800/77, 193 00 Prague 9 Horni Pocernice, www.send.cz Website: www.trade-investment.eu Copyright belongs to the publisher. Publication, copying or distribution of the magazine, of its part or of its content in any way in English or any other language without a written authorisation from the publisher is prohibited. The publication contains illustrations and photographs of ImageBase, Flickr and Dreamstime. These pictures are used in accordance with the licence. Content / Editorial Nervous energy what can Europe learn from Fukushima?..................................... 3 /News from industry sectors Energy Construction ............................................................................................................................................. 10 Automotive ............................................................................................................................................... 14 / Story Presentation of exhibitors of the Mechanical Engineering Trade Fair held in Prague / Companies VERBUND | Leading the Way in Hydro Power ZENTIVA Group a.s. | Respiratory Expansion ............................................................................... 26 TERNA S.p.A. | Independent Power ................................................................................................... 30 BONNET NV | Constantly Cool ........................................................................................................ 34 NRW | Modern and Responsible Hard Coal and Cole Producer ....................................................... 36 HIP Petrohemija | Investing in the Future ..................................................................................... 40 ito, D.D. | The Heart of the Tradition ................................................................................................ 44 / Technology news The Internet Is Out of Addresses, But Dont Panic ........................................................ 48 Audi Selects IBM to Migrate SAP Infrastructure to Cloud ....................................... 49 Mobile network technology for smarter cars ................................................................... 50 Nokia and Microsoft Sign Definitive Agreement Ahead of Schedule ............. 51 Fujitsu Launches Support Services for Cloud Environments Employing Open Source Software ............................................................................................ 51 / Interview Ing. Ludk Drnec All bad things can be overcome Trade & I nvestment | www.trade-investment.eu 4 March ~ April 2011 Energy Total continues its development in solar energy Total announces the signature of an agreement with EDF ENR to acquire all of Tenesols operati- ons (outside of Frances overseas departments and territories1), of which it already owns 50%. Tenesols operations in the French overseas departments and ter- ritories would continue to be equally owned by the Total Group and EDF ENR. Tenesol, which was created in 1983, is a top-tier solar energy operator in Europe, leader in the French market for large industrial and commercial photo- voltaic rooftop solutions. FOR INDUSTRY Presentation of exhibitors of the Mechanical Engineering Trade Fair held in Prague The FOR INDUSTRY 2011 Trade Fair is a unique area with presentation of production technologies, tools, materials, components, mecha- nical engineering technologies, news and innovation trends. An advantage is the simultaneous organisation of specialised trade fairs FOR SURFACE and FOR WASTE & CLEANING. VERBUND Leading the Way in Hydro Power VERBUND is Austrias leading ener- gy supplier, employing nearly 3,000 staf and producing 40% of Austrias total electricity requirements. 90% of the energy it creates comes from hydro power, which represents the second highest proportion in Euro- pe. The company achieved a turno- ver of 3.5bn in 2009, and runs 137 power stations. Ing. Ludk Drnec All bad things can be overcome The defeated say what they would do, the victors go and do it, claims Ing. Ludk Drnec (43), Commercial Director and one of the Executive Heads of DHL Express (Czech Repub- lic) s.r.o. DHL ofers services in the feld of international and domestic express forwarding of documents and parcels. All bad things can be overcome if the will is there. Ludk has repeatedly confrmed this, espe- cially during certain challenges in his private life in the past. This principle has accompanied him his whole life. p. 52 p. 22 p. 18 p. 9 Trade & I nvestment | www.trade-investment.eu 5 March ~ April 2011 Energy PetroChina to Acquire 50 Percent Interest in Encanas Cutbank Ridge Business Assets for C$5.4 Billion PetroChina International Investment Company Limited, a subsidiary of Pet- roChina Company Limited and Enca- na Corporation signed a Co-operation Agreement, that PetroChina would ac- quire a 50 percent interest in Encanas Cutbank Ridge business assets in British Columbia and Alberta, Canada at a con- sideration of C$5.4 billion. The assets cover 1.3 million acres of land, approxi- mately 700 mmcf/day processing capac- ity, 3,400 km of pipelines and an under- ground gas storage. Separately, the two companies will, in proportion to their investment, each in- vest 50% into a joint venture to increase natural gas production. Encana will continue to operate the joint ventures assets and market all the production at frst. The joint venture will be operated under the direction of a joint manage- ment committee. This agreement is the culmination of more than nine months of discussions between PetroChina and Encana and represents both a signifcant achieve- ment and major milestone in the devel- oping relationship of our two companies. By combining resources with PetroChina in this joint venture, we would expect to recognize additional value through accelerating our pace of development and by leveraging increased capital and operating ef ciencies through further technical advancements and through greater certainty of the long-term de- velopment plan for the business assets, said Randy Eresman, Encanas President & Chief Executive Of cer. etroChina International Investment Company Ltd. said that, PetroChina has outstanding overall advantages in pe- troleum exploration and production, engineering design and feld operation services around the world, while Encana is a world leader in the development of unconventional natural gas business. Through this strong alliance, the joint venture is set to unlock greater value for our shareholders, and will strengthen the competitiveness of Canadian natural gas business while providing a boost to the economy and job market in Canada and China. PetroChina expects the joint venture to provide a platform for enter- ing the major market in North America. For years, PetroChina has been looking for opportunities to work with major Ca- nadian oil and gas companies in areas including LNG and oil sands in Canada, and projects in China. Sinopec, one of the worlds largest oil companies, will invest $7.1 billion Repsol and Chinas Sinopec have entered into an agreement to jointly develop the projects of Repsol Brasil, the upstream subsidiary of Repsol in Brazil, creating one of Latin Americas largest energy companies, valued at $17.773 billion. Repsol Brasils assets are currently val- ued at US$10.664 billion. Under the terms of the agreement, Repsol Brasil will increase its share capital by issuing new shares to which Sinopec will fully subscribe. On completion of the transac- tion, Repsol will hold 60% of the shares of Repsol Brasil while Sinopec will hold 40% of the shares. The injection of funds generated by this transaction will allow Repsol Brasil to fully develop all of its current projects, which include some of the worlds largest exploratory discoveries in recent years. The agreement between Repsol and Si- nopec involves full collaboration in the development of the existing projects in Brazil, and allows for both companies to continue expanding their activity in that country jointly or independently. The agreement is subject to the approval of the competent authorities. For Repsol Chairman Antonio Brufau the deal is a good refection of the value created by the investment of technical, human and material means by Repsol in exploration, particularly in Brazils pre-salt ofshore in the last few years. We are very pleased to share the devel- opment of Repsols Brazilian subsidiary with an internationally renowned and ex- perienced partner as is Sinopec. Together we can help expand business relations between our countries, Brufau added. Trade & I nvestment | www.trade-investment.eu 6 March ~ April 2011 Brazils ofshore boasts one of the worlds fastest-growing oil and gas reserves. The deal highlights the enormous interna- tional interest in this historic moment for Brazil, and particularly for the Santos Basin pre-salt activity led by Petrobras. Repsol in Brazil Repsol is one of the largest independ- ent upstream operators in Brazil and the countrys third-largest oil producer in 2009. It is the largest foreign owner of exploratory blocks, with presence in the Santos, Campos and Espiritu Santo Basins. Repsol has a strategic presence in Brazils pre-salt areas with the most potential, and together with Petrobras and BG Group is leading ex- ploration in the prolifc Santos basin. The companys diversifed projects port- folio includes a producing feld (Albaco- ra Leste) and eight discoveries as well as other exploratory projects and identifed areas of potential. BP Commits to Early Restoration Projects Along Gulf Coast Effort aims to restore natural resources affected by spill BP Exploration & Production, Inc. (BP) today announced it has signed a ground breaking agreement with federal and state agencies that will accelerate work starting this year to restore areas of the Gulf of Mexico that were afected by the Deepwater Horizon accident. The agreement commits up to $1 billion to projects that will restore injured natu- Trade & I nvestment | www.trade-investment.eu 7 March ~ April 2011 Sinopec Sinopec is the largest petroleum and petrochemicals company in China, producing over 350 million barrels of oil equivalent annually, and with re- serves close to 4 billion barrels of oil equivalent. Sinopec is Chinas largest refner with a distillation capacity of approximately 4 million barrels a day. Internationally, Sinopec is de- veloping almost 50 projects in 20 countries. Energy ral resources in the Gulf at the earliest opportunity. It allows projects impor- tant to the Gulfs recovery to begin now, as early restoration projects, rather than waiting for the Trustees to complete all of the Natural Resource Damage Assess- ment (NRDA) studies that are underway. The projects will undergo public review before they are funded, and priority will be assigned to projects aimed at improv- ing areas that ofer the greatest benefts to wildlife, habitat, and recreational use. BP believes early restoration will result in identifed improvements to wildlife, habitat and related recreational uses in the Gulf, and our voluntary commitment to that process is the best way to get res- toration projects moving as soon as pos- sible, said Lamar McKay, chairman and president, BP America Inc. Our volun- tary agreement to accelerate restoration projects builds upon the cooperative approach BP has taken toward working with Gulf communities and regulators since the accident, and in assessing the potential injury to natural resources. We hope to work in partnership with the Trustee Council to address injured re- sources in the Gulf as soon as possible. We believe the early restoration projects to be funded through this agreement represent the best way forward in restor- ing the Gulf. BPs commitment to early restoration is not required by the Oil Pollution Act (OPA) at this stage of the NRD process, and will have the efect of speeding up restoration work that otherwise likely would be deferred for several years, while the NRD assessment continues. OPA directs the federal and state Trus- tees to study potential injuries, com- plete a report that identifes the injuries resulting from the incident, and develop restoration plans to address the identi- fed injuries. The process typically takes years to complete. Shortly after the inci- dent, BP began working with federal and state agencies to collect data needed to assess damages to natural resources, through the NRDA process. Over 100 cooperative studies are underway to evaluate the potential for injury to all types of wildlife and habitat in the Gulf of Mexico. Under the expedited restoration frame- work made possible by this agreement, and to allow restoration to begin as quickly as possible, the Trustees will use the study data they have collected to date to identify injuries that are evident now and propose plans to restore those resources at the earliest opportunity, fo- cusing on projects that can start in 2011 and 2012. According to the agreement, Trade & I nvestment | www.trade-investment.eu 8 March ~ April 2011 the Parties intend to work cooperatively to seek to achieve signifcant, meaning- ful restoration of natural resources in the Gulf of Mexico. Total continues its development in solar energy Total announces the signature of an agreement with EDF ENR to acquire all of Tenesols operations (outside of Frances overseas departments and territories1), of which it already owns 50%. Tenesols operations in the French overseas de- partments and territories would con- tinue to be equally owned by the Total Group and EDF ENR. Tenesol, which was created in 1983, is a top-tier solar energy operator in Eu- rope, leader in the French market for large industrial and commercial photo- voltaic rooftop solutions. Tenesol designs, manufactures, markets and operates photovoltaic energy sys- tems. Tenesol enjoys wide recognition for its photovoltaic competencies, ofer- ing superior engineering and technical services. The company has a production capacity of 800,000 solar panels a year, or 170 megawatt peak2, at two plants, one in Toulouse, France, and the other in Cape Town, South Africa. The planned acquisition covers all Ten- esols operations, with the exception of those in Frances overseas departments and territories, which employ more than 760 people in numerous countries and generated revenue of approximately 240 million in 2010. This project confrms Totals commit- ment to expanding rapidly in the photo- voltaic solar energy industry, comment- ed Philippe Boisseau, President of Total Gas & Power. Completion of the deal would step up Tenesols international ex- pansion by capitalizing on the expertise of its teams and strengthening synergies with Totals other businesses. The planned acquisition is subject to applicable legally required processes for notifying and consulting Tenesol employee representatives and the ap- proval of the anti-trust authorities in the countries concerned. The closing of the transaction could take place in the sec- ond half of 2011.
Gazprom and Itochu discuss energy supply to Japan The Gazprom headquarters hosted to- day a working meeting between Alexan- der Ananenkov, Deputy Chairman of the Companys Management Committee and Eizo Kobayashi, President of Itochu Corporation. The parties discussed proposals on speedy restoration of sustainable energy supply of Japan, particularly through developing the Companys swap transactions on natural gas supply to Europe. The meeting participants gave spe- cial consideration to the opportuni- ties for interaction between Gazprom and Itochu Corporation as part of the Eastern Gas Program implementa- tion. The parties also addressed gas processing projects in Russia with the promising one that involves construc- tion of an LNG plant near Vladivostok, natural gas processing and CNG of- foading facilities as well as natural gas and its derivatives transportation and their sales among potential consumers in Asia-Pacifc countries. Trade & I nvestment | www.trade-investment.eu 9 March ~ April 2011 Total and Solar Energy Total is also present in the solar energy sector with a 50% interest in Photovolt- ech, alongside GDF Suez. Photovoltech manufactures crystalline silicon photo- voltaic solar cells. In December 2008, Total became the biggest shareholder in US start-up Kon- arka, which develops products based on organic solar technologies. The Groups stake is now nearly 25%. In June 2010, Total acquired a 25.4% interest in AE Polysilicon, a US start-up specializing in a new solar polysilicon production technology. Also of June 2010, Total was selected by the authorities in Abu Dhabi to build and operate the Shams 1 concentrated solar power plant. Totals partner in this project is Abengoa Solar, a Spanish com- pany with expertise in concentrated so- lar power technology. Construction of the plant has begun and is expected to take two years. Total is also conducting signifcant R&D through partnerships with world-class laboratories in France, such as the Ecole Polytechnique engineering schools Lab- oratoire de Physique des Interfaces et des Couches Minces (LPICM - Interface and Thin Film Physics Laboratory) and the Toulouse-based Laboratory for Anal- ysis and Architecture of Systems (LAAS), as well as in the United States, Switzer- land, Belgium and Germany. 1 French Guiana, French Polynesia, Guad- eloupe, Martinique, Mayotte, New Cale- donia and Reunion Island. 2 A megawatt-peak (MWp) = one million peak watts. A peak watt, the unit used to rate the performance of photovoltaic panels, will deliver one watt of electricity under standard conditions of 1,000 W of light intensity per square meter and an ambient temperature of 25C. Constructions Trade & I nvestment | www.trade-investment.eu 10 March ~ April 2011 Bechtel and SolFocus Deliver Renewable Power for California Agribusiness Bechtel, SolFocus, and developer Sol Or- chard announced that a one-megawatt high concentrator photovoltaic (CPV) power plant was completed for Nichols Farms, a pistachio farm in Hanford, CA. The solar plant, which utilizes the SolFo- cus SF-1100S CPV systems, was designed and built by Bechtel. Helping to advance high-ef ciency, large-scale solar energy is a strategic interest for Bechtel, said Ian Copeland, president of Bechtels Renewable Power division. The SolFocus system provides a combination of high-ef ciency CPV with rapid installation capabilities that can deliver cost competitive power very quickly. The power plant is located on six acres adjacent to the pistachio processing facil- ity and will produce 2.244 million kilowatt hours in the frst year, providing roughly 70 percent of the farms electricity de- mand. SolFocus CPV technology employs a system of patented refective optics to concentrate sunlight 650 times onto small, highly ef cient solar cells. This CPV agribusiness project with Ni- chols Farms is the frst of its kind in North America, said Mark Crowley, CEO of Sol- Focus. It demonstrates how SolFocus technology can easily accommodate a wide variety of energy demands that farms and other agricultural sites need. Solar project developer Sol Orchard in- troduced the concept to Nichols Farms. This is the third project we have devel- oped utilizing SolFocus technology, com- mented Sol Orchard President Jef Broth- ers. The high energy yield and reliable products allow us to move forward on projects quickly and with good fnancial results. Bringing Bechtel in as the con- tractor gave us assurance that when the switch was fipped, wed have a robust power plant capable of delivering on all of its expectations. Skanska reaches financial close for Croydon and Lewisham Street Lighting PPP Project Skanska has, as part of a 50/50 consor- tium with John Laing, reached fnancial close to renew and upgrade Croydon and Lewishams Street Lighting. The construc- tion contract is worth GBP 74 M, about SEK 760 M, and investment GBP 4.5 M, SEK 46 M. The project will be carried out as a PPP (Public Private Partnership). This is the second street lighting project under the British PFI-program (Private Trade & I nvestment | www.trade-investment.eu 11 March ~ April 2011 Finance Initiative) that the consortium is involved in, following fnancial close of the Surrey Street Lighting project at the end of 2009. The Skanska-Laing consortium will be responsible for the design, build, fnance and operation of lighting columns and illuminated street furniture for a period of 25 years starting in August 2011. The clients for the project are the London Bor- oughs of Croydon and Lewisham. Skanska will receive a construction con- tract worth GBP 74 M, which will be in- cluded in SkanskaUKorder bookings for the second quarter. In addition, Skanska will operate and maintain the street light- ing during the life of the project valued at around GBP 2 M a year, the frst two years will be included in Skanska UK order bookings for the second quarter of 2011. Over the course of the next fve years about 38,000 street lights and 8,000 street signs and bollards will be replaced over the boroughs. Also 4,000 street lights will be refurbished. Skanska Infrastructure Development is a leader in the global Public Private Part- nerships (PPP) market. The business unit invests in, develops and operates roads, hospitals, schools, power plants and other social infrastructure in partnership with the public sector. SkanskaUKreported revenues of SEK 14 billion in 2010, with about 4,500 em- ployees. The company is active in build- ing and civil construction, utilities and building services. In the UK Skanska is also a leader within the sector for Public Private Partnerships, PPP, also known as Privately Financed Initiative, PFI. Skan- ska has also initiated the development of homes for theUKmarket. Mining contracts for almost EUR 518 million in Africa and Australia Diamond and iron ore mine in Botswana marks entry into the contract mining market in Africa - Expansion of Austral- ian coal mine Via its Group companies, HOCHTIEF subsidiary Leighton has se- cured new contract mining contracts worth almost EUR 518 million. In this con- text, Leighton International managed to establish business in Africa: As partner in a joint venture, the company will provide services at the Debswana diamond mine in Jwaneng, Botswana, for a period of 66 months. The project has a volume of ap- proximately EUR 409.2 million (USD 586 million). Of this, Leighton Internationals share is roughly 60 percent. Only recently, Leighton Contractors was commissioned to expand the Broadmeadow coal mine in Queensland, Australia, for EUR 108.8 million (AUD 148 million). In Botswana, Leighton Internationals services will include mine scheduling, drill and blast, waste removal and limited ore mining. On total, the joint venture will move 156 million cubic meters of mate- rial in the mine. The project clients are the Government of Botswana and DeBeers. Jwaneng with its open pit mining op- erations is considered one of the richest diamond mines in the world. At Broad- meadow mine, currently an open cut pit, Leighton Contractors is to provide an ac- cess for underground works. Until 2013, the company will take on earthworks and concrete works and build infrastructure including roads, dams and drainage. Larsen & Toubro and CASSIDIAN join forces in India to forge long term partnership Cassidian and Indian engineering giant, Larsen & Toubro (L&T), have joined forces in the feld of defence electronics. The In- dian authorities have now approved the formation of a joint venture (JV) company between L&T and Cassidian, the newly re- named Defence and Security Division of Europes leading Aerospace and Defence Group - EADS. The JV, based in Talegaon near Pune and in Bengaluru, will be active in the defence electronics market. It aims to cover manufacturing, design, engi- neering, distribution and marketing in the felds of electronic warfare, radars, avion- ics and mobile systems (such as bridges) for military applications. L&T will hold 74 per cent in the JV whereas Cassidians share will be at 26 per cent. The JV will cooperate closely with Cassidians new engineering centre in Bengaluru where systems design and engineering activities will be carried out in the felds of electron- Constructions Trade & I nvestment | www.trade-investment.eu 12 March ~ April 2011 ic warfare, radars and avionics for military application. Mr. M.V. Kotwal, Member of the Board, L&T and President (Heavy Engi- neering), said: In addition to its other busi- nesses, L&T has been a leading company in India for engineering, manufacture & integration of custom made technology- intensive equipment and systems. The coming together of L&T with Cassidian, the Defence, Electronics & Security arm of the European Defence & Aerospace Com- pany EADS, is a major milestone in the area of defence electronics. It will not only serve the Indian armed forces with state- of-the art technology, but also provide a platform for making signifcant contri- butions to the high-technology defence equipment global market. Mr. Bernd Wenzler, CEO, Cassidian Elec- tronics, said: Cassidian is a high-tech company supporting global security by the development of high tech product and system solutions for armed forces and civil security worldwide. We are proud of joining forces with one of Indias biggest technology companies. Wenzler contin- ued: Our joint venture is a proof of our commitment to India. Cassidian would like to establish an Indian industrial base for our European technologies with the development of a long term partnership. We are prepared to bring additional ca- pabilities into the JV company after the Indian laws allow an increase of shares up to 49 per cent. The new JV will deliver indigenous solu- tions for military requirements of Indian customers as well as the world market. Thus, the Indian JV company will provide the armed forces with locally produced high tech equipment and assured life- time support. Recognising L&T-IES growing engineer- ing engagements established with EADS Tier-1 suppliers, EADS Group Procurement signed a contract with L&T in January this year. This agreement will also enable L&T to be a part of EADS strategic programs. Since 2006, Cassidian has been working in a successful partnership with the Defence Avionics Research Establishment (DARE), a reputed DRDO (Defence Research & Development Organisation) laboratory based in Bengaluru, and cooperates with CABS (Centre for AirBorne Systems). On February 8th, Cassidian inaugurated an engineering centre in Bengaluru that will employ more than 100 Indian engineers in the mid-term. Trade & I nvestment | www.trade-investment.eu 13 March ~ April 2011 L&T has played a leading role in Indias indigenisation eforts in defence equip- ment and systems. With an impressive track record that includes design, devel- opment and manufacture of integrated multi-disciplinary defence systems, L&T has matured into a trusted partner for the Indian Armed Forces and DRDO. MT Hjgaard to manufacture and install offshore foundations for DONG Energy near Anholt MT Hjgaard has been awarded a major contract valued at around DKK 1.3 billion (in round fgures) for Dong Energy. The project is well suited to MT Hjgaards competencies, and we look forward to cooperating with DONG Energy. The project reinforces our leading position in construction of foundations for ofshore wind turbines, says Kristian May, Presi- dent and CEO of MT Hjgaard. MT Hjgaard is to manufacture, transport and install ofshore foundations for a new wind farm situated between Djursland and Anholt in the Kattegat. The wind farm will consist of 111 wind turbines. Anholt Ofshore Wind Farm is a 400 MW ofshore wind farm and will become the biggest ofshore wind farm in Denmark. No ofshore wind farms this big have as yet been installed anywhere in the world. The farm will begin delivery of electricity to the Danish electricity supply system at the end of 2012 at the latest and be fully established in 2013. When the 400 MW ofshore wind farm is completed it will supply environmen- tally friendly electricity corresponding to the annual electricity consumption of 400,000 households. This corresponds to approx. 4% of Denmarks total electricity consumption. The civil engineering works will begin at the turn of the year 2011/2012 and will involve a series of specialised vessels and employees in and around the area. DONG Energy has chosen to use Grenaa Har- bour as base for the project; both during the construction phase, but also for the subsequent operation of the farm. The project has a series of challenges, including the soil conditions and a very tight schedule, so the project is suited to our experience and gives us an opportu- nity to continue to develop our exper- tise in ofshore foundations, says Bente sterbye, Vice President, in MT Hjgaard. At the completion of the Anholt-project MT Hjgaard will have installed a total of 630 ofshore foundations more than any other contractor in the world. The ofshore foundations will be manu- factured and installed during 2011-2012. The contract is expected to contribute positively to MT Hjgaards earnings dur- ing the two years the project lasts. Automotive Trade & I nvestment | www.trade-investment.eu 14 March ~ April 2011 Toyota Outlines Timeline for Restoring Normal Production After an in-depth analysis of its suppliers afected by the earthquake and tsunami, Toyota Motor Corporation (TMC) an- nounced today that global production will begin to ramp up as soon as July in Japan and August in North America, with all models back to normal production by November or December 2011.
The one-month diference in the start date is due to the time required to ship parts from Japan to overseas plants.
To all the customers who made the decision to buy a vehicle made by us, I sincerely apologize for the enormous delay in delivery, said TMC President Akio Toyoda at a press conference in Japan today announcing the normaliza- tion timeline.
Currently, manufacturing plants in Japan are working at 50 percent of capacity due to parts availability, while those in North America are operating at 30 percent of capacity because of the parts supply situ- ation.
The company said it plans to continue procuring parts from the same suppliers, but it will consider substitute parts from other suppliers. TMC said there are ap- proximately 150 parts afecting new-vehi- cle production, mainly electronic, rubber and paint-related. However, replacement parts for sales service and repair are avail- able.
TMC also said it is continuing to do all it can to minimize the impact on employment. In North America, it was announced earlier this week that there are no plans for layofs at manufacturing plants.
Our entire company is committed to solving the problems before us, Toyoda said, so that we can achieve production recovery even one day sooner. Chevrolet Volt Named 2011 World Green Car Chevrolet Volt was named 2011 World Green Car of the Year at the New York Auto International Auto Show. The selection of the Volt as the World Green Car is a further proof point of the fuel-ef cient technologies that are now being ofered by the Chevrolet brand around the world, said Rick Scheidt, vice president of Chevrolet marketing. This award, and the others that have preceded it, validate the eforts of the development team to build a truly remarkable vehicle with the potential to transform transpor- tation around the globe. The Chevrolet Volt was chosen from an initial entry list of 12 new vehicles from around the world, then a shorter list of 10, then three fnalists: the Chevrolet Volt, the BMW 320d Ef cient Dynamics Trade & I nvestment | www.trade-investment.eu 15 March ~ April 2011 Edition and the Nissan Leaf. The award is decided by a panel of global automotive journalists. To be eligible for the overall World Car Award, the candidates must become available for sale on at least two conti- nents during the period beginning Jan. 1, 2010 and ending May 30, 2011. The Chevrolet Volt will be eligible for the 2012 World Car Award as the Volt goes on sale in Europe and Asia later this year. Charged up: Ford Pushes for Electric Vehicle - Readiness across the U.S. While Ford is gearing up to launch the all- new Focus Electric later this year and C- MAX Energi plug-in hybrid in 2012, cities around the country also are preparing for the arrival of new electric vehicles. Some of the key actions Ford has identifed in working with cities and utility partners include: Utility rate structure that encourages of-peak or nighttime EV charging to minimize demand on the existing electric grid Streamlined permitting and inspection process to support customer and com- mercial EV infrastructure installation Integrated advisory committees that include participation from electric utili- ties, vehicle manufacturers and dealers, municipalities, EV customers and local coalitions Urban planning approach to optimize public/commercial EV charge locations Infrastructure incentives to ofset a por- tion of customer costs for hardware/in- stallation As more and more electric vehicles come to market, its incredibly important that cities develop action plans including in- frastructure development and permitting solutions to ensure these vehicles are a viable solution for citizens, said Mike Tinskey, Fords manager of Vehicle Electri- fcation and Infrastructure. Ford contin- ues outreach with cities across the coun- try to spread best practices and work with multiple partners including local utilities, auto manufacturers, technology compa- nies and others to support a successful integration of electric vehicles. Fiat continues to be the brand with the lowest CO 2 emissions in Europe For the fourth year running, Fiat Automo- biles is the brand that has recorded the lowest level of CO 2 emissions by vehicles sold in Europe in 2010 as certifed by the company JATO Dynamics, the worlds leading automotive consultancy and re- search frm. Compared to 2009, Fiat posted a mean val- ue of 123.1 g/km and it also ranked frst as Group, with 125.9 g/km and an improve- ment of 5 g/km compared to last year. This important record is a sign of con- stant improvement: over the last 4 years, Fiat Automobiles has reduced its aver- age emissions by 10%, from 137.3 to 123.1 g/km of CO 2 , signifcantly lower than the target set out by the European Union for 2015, which has been fxed at 130 g/km. It is a result that shows Fiats commitment to protecting the environ- ment, also through the development of simple and ingenious solutions such as the TwinAir engine, the worlds most ecological turbo petrol engine, the use of alternative fuels such as Meth- ane/LPG, a sector in which the brand is the European leader; and the develop- ment of innovative technology such as eco:Drive, a system which encourages a driving style which is more respon- sible and eco-compatible, and which has drivers to achieve emissions which are even lower than the type-approval levels. All of Fiats eco-technological innovation is grouped under the Air Technologies brand. These solutions are revolutionary and at the same time simple and of low envi- ronmental impact without giving up the driving satisfaction which has always dis- tinguished Italian cars. Absolutely emission-free the MINI on two wheels. MINI presents the eco-friendly solution to the parking space problem in city centres. The brand is celebrating the comeback of the folding bike with a modern version of Automotive Trade & I nvestment | www.trade-investment.eu 16 March ~ April 2011 Trade & I nvestment | www.trade-investment.eu 17 March ~ April 2011 the practical means of locomotion. The special gimmick: when folded, the MINI Folding Bike fts into the boot of almost every vehicle and most defnitely into the MINI. When travelling into the city, sim- ply park the car outside the overcrowded city centre, then continue on the bike and relax. Park & Ride with an environmentally conscious understatement! The bike is also absolutely suitable for commuters and impresses in urban trav- els. When folded, it can be taken free of charge on public transport. The MINI Folding Bike presents itself as a genuine high-tech vehicle: high- quality components, a light-weight aluminium frame and a clever folding mechanism make the trendy bike the ideal companion while travelling. The bike can be folded and unfolded in just a few seconds. The bike is folded along the crossbar and handlebars. In addi- tion the saddle can be retracted and the pedals be folded up. This makes the bike extremely easy to handle whilst saving space. Fitted in a sleeve under the sad- dle is a practical transport bag. The MINI Folding Bike can easily match the riding characteristics of a normal bike. Weigh- ing less than 11 kilos and equipped with 8 gears and 20-inch wheels, it is quick and versatile. The tefon-coated chain prevents annoying soiling caused by chain oil and reduces the wear and tear on the components. The comfortable gel saddle ensures comfort. Thanks to the front and rear mudguards, you can carry on peddling regardless, even in the rain. Good visibility on the road is guaranteed by the accompanying refectors. Even on two wheels MINI proves its un- mistakable design expertise. The bike comes in exquisite matt black. Silver highlights are set by the MINI lettering on the crossbar, the brand logo on the handlebars and the Union Jack motif on the rear forks. The absolute eye-catchers are the bike chain and bell in bold neon yellow.
Trade & I nvestment | www.trade-investment.eu 18 March ~ April 2011 Presentation of exhibitors of the Mechanical Engineering Trade Fair held in Prague 10 th International Trade Fair of Mechanical Engineering Technologies Ing. Martin Vodvka, Commercial Director of TEXIMP s.r.o. answered three questions we asked him: Why do you consider the presentation at the spring specialised Trade Fairs in Pra- gue to be an interesting opportunity? The TEXIMP company belongs among the main suppliers of CNC machine tools in the Czech Republic. The spring Trade Fair is always an impor- tant presentation and marketing oppor- tunity for us. We believe that thanks to its position as well as thanks to its term of organi- sation, the FOR INDUSTRY Trade Fair is a convenient opportunity for customers from all over the Czech Republic who Trade & I nvestment | www.trade-investment.eu 19 March ~ April 2011 have a possibility to outline their capital expenditure plans already in the frst half of the year. The recovery in the mechani- cal engineering production which started already at the end of 2010 needs new in- formation, new machines and new tech- nologies, and this is the aim of the spring exhibition. What innovations do you plan to pre- sent at your exposition? At this years exhibition we will present the following new machines: lathe centre of HAAS DS30SSY and lathe automatic system of QUICK TECH - TT42. Besides these machines we will traditionally ex- hibit machines of NAKAMURA and TOR- NOS. What should the visitors not miss in any case? We warmly invite them to see our expo- sition at the FOR INDUSTRY Trade Fair as well as to visit our presentation Teximp centre where the Open House of Teximp event is organised simultaneously with the FOR INDUSTRY Trade Fair. Other exhibitors have revealed what innovations they prepare for their expositions. DK MACHINERY a.s. will present the SMAR-TURN 180 model, together with a representative of the very successful model series of CNC lathes LNC of LICO, which is characterised by its high fexibil- ity making it possible to quickly respond to requirements arising from produc- tion. The exposition will be completed by representatives of the metal sheet forming technologies, hydraulic press brake APHS 1250 x 40 and electromotor scissors RGS 2060 x 4. The co-exhibit- ing frms are ISCAR R s.r.o., which is to present tooling and clamping systems at the machine tools exhibited, and DK group a.s. dealing with deliveries of self-regulation heating cable. T.F.A. alfa s.r.o. will present, as an absolute inno- vation, a demonstration of a modular clamping system which is intended for operators of the most demanding tech- nologies, i.e. machining horizontal cen- tres. An advantage of this system is the reduction of costs of new production at multiple use as well as shortening of the time for TPV preparation. Hexagon Me- trology s.r.o. will present the mobile measurement machine Absolute Arm 7525SI for checking operations and the wide area of use for further innovations, which is equipped with an integrated scanner for contactless measurement. In the group of mobile measurement machines it will present the absolutely new instrument CogniTens for con- tactless scanning of surfaces of large parts with a possibility of shape as well as dimensional analysis. Visitors will be able to try the use of CAD/CAM applications from the Autodesk company production by themselves. CAD Studio, a.s. ensures, being the supplier of these applications, mutual interconnection of applications from a conceptual design to a digital 3D prototype, its analysis, visualisation and interconnection of the CAD design to the corporate systems and administration of product data for the entire product life- time. An innovation on the Czech market will be formed just by the presented new series of CAD applications, namely Au- toCAD 2012, Autodesk Inventor 2012 and Autodesk Vault 2012. Other news pre- sented at the FOR INDUSTRY Trade Fair will include the precision pneumatic chucks PVS 160 featuring a new clamp- ing mechanism developed by KORAN, spol. s r.o. The compressed air intake is limited only for the time of the clamp- ing or releasing of the part. For the time of machining it is not necessary to bring any pressure air into the chuck, because the clamping force developed during the clamping process continues to operate, even though the air inlet is interrupted. This possibility is already ensured by the above mentioned innovative mecha- nism which operates on the basis of the self-locking principle. An advantage is that for clamping it is convenient to use a conventional air gun which is usually installed at any machine tool. The traditional machine tool manufac- turer TOS, a.s. elkovice following up to the manufacturing tradition estab- lished almost 152 years ago will present its product range among the FOR INDUS- TRY Trade Fair exhibitors for the frst time. Its product range includes production of high-precision grinding machines, conventional and CNC lathes, CNC gear cutting machines. TOS delivers machines also in technological sets adjusted ac- cording to the customers requirements. The latest product of the frm is the high- Presentation of exhibitors of the Mechanical Engineering Trade Fair held in Prague Trade & I nvestment | www.trade-investment.eu 20 March ~ April 2011 precision multifunction machining centre TT75. TECNOTRADE OBRBC STRO- JE s.r.o. has taken part in the FOR INDUS- TRY Trade Fair already for a number of years, and its participation always means interesting meetings with customers for this company. They believe that this will be the case this year as well. In their ex- position they plan presentations of the new series of CNC lathes PUMA made by DOOSAN from South Korea. What should the visitors not miss in any case? A very fast method of production of Braille characters will be presented at the stand of Gravo Tech s.r.o. by using the CNC etching calender IS900. This method is suitable as a complement for the marking systems e.g. at door plates, lifts, orientation spots on railings, etc. Czech inventor Josef Pra will present Trade & I nvestment | www.trade-investment.eu 21 March ~ April 2011 a 3D printer which makes it possible to model almost arbitrary real objects from various materials. RepRap is an open source 3D printer available to everyone. It creates (prints) real objects from dig- ital designs. It is designed in such a way that it can be possible to print as many parts for the actual printer as possible, and thus to achieve at least a partial self- replication. This is a product of coopera- tion of thousands of volunteers and any other ones are welcome. The exposition of the Technical University of Liberec will ofer a practical demonstration of activities of the blow moulding ma- chine GM351.E for the processing of plastic materials. The technology of the blow moulding machine is a result of the scientifc and research cooperation of TUL with an industrial company, namely of the Department of Engineering Tech- nologies of the Faculty of Mechanical Engineering of the Technical University of Liberec and GDK spol. s r.o. The visitors to the exposition will see an original surprise as well. In the exposition of the Brno University of Technology you can obtain new information about possibili- ties of cooperation with the Section of Technologies Transfer and you can also see presentations of such projects as: Ma- rabu glider, Orpheus rescue robot. The Trade Fair partners made us familiar with the accompanying programme prepared for conference rooms of the Exhibition Centre Prague Letnany. Besides expositions, we also invite you to visit the accompanying programme with interesting topics, which is to be held at the Congress Section situated in the Entrance Hall (no. 1) of the Exhibition Centre Prague Letnany. For example, they will be formed by the following special- ised seminars: Information seminar on mechanical engineering research in the Czech Republic, Gallery of innovations, Technology of mechanical engineering production product quality grounds, Resistant identifcation with RFID and a bar code for industry, warehouses and logistics, Transfer of technologies be- tween the Brno University of Technol- ogy and companies, Modern trends in the feld of manufacturing technologies, Production is our area of competence Information systems for manufacturing companies, Energy-ef cient use of waste, Waste not only from the building sec- tor its recycling, use and disposal, and other ones. The FOR INDUSTRY 2011 Trade Fair is a unique area with presentation of production technologies, tools, materi- als, components, mechanical engineer- ing technologies, news and innovation trends. An advantage is the simultane- ous organisation of specialised trade fairs FOR SURFACE (surface treatments and fnal technologies) and FOR WASTE & CLEANING (waste management, re- cycling, industrial and municipal ecol- ogy, cleaning processes). The Exhibition Centre Prague Letnany will be a venue of professional communication of the sectors closely following up to each other, accompanying programmes focused on current topics, presentation of modern trends, interesting information from the world of industry and technological co- operation. For more details please visit the Trade Fair web sites www.forindustry.cz, www.for- surface.cz and www.forwaste.cz. We are looking forward to seeing you at the Exhibition Centre Prague Let- nany from 3 to 5 May 2011. ABF, a.s. Trade Fair Administration www.abf.cz Trade & I nvestment | www.trade-investment.eu 22 March ~ April 2011 VERBUND Leading the Way in Hydro Power VERBUND is Austrias leading energy sup- plier, employing nearly 3,000 staff and producing 40% of Austrias total electricity requirements. 90% of the energy it creates comes from hydro power, which represents the second highest proportion in Europe. The company achieved a turnover of 3.5bn in 2009, and runs 137 power stations. Outside of Austria, VERBUND has heavily invested in several key markets, holding shares in the following companies: Poweo (France, 46 %), Sorgenia (Italy, 45 %), EnerjiSA (Turkey, 50%), and Energji Ashta (Albania 50 %). With dwindling fossil fuel resources and increasing demand for power, VERBUND is striving to become the leading hydro power supplier in Europe, making significant investments over the next five years to achieve this goal. Investing into the Future Investment is high on the agenda for VERBUND. Having recently invested in selected international markets such as Trade & I nvestment | www.trade-investment.eu 23 March ~ April 2011 France and Turkey, the company is now focusing on becoming the leading pro- vider of electricity from hydro power in Europe. To this end, it will be investing 2.4bn over the next fve years, a large share of which will be spent on increas- ing capacity within Austria. In 2009, the company already acquired 13 hydro power plants in Bavaria, Germany, in- creasing production by 7%. Furthermore, VERBUND is advocating the use of highly ef cient and environment-friendly CCGT (Combined Cycle Gas Turbine) plants in Europe, having launched one in France in 2009, one in Italy as well as one in Tur- key in 2010 and currently constructing one more in Italy. In terms of hydro power stations, VER- BUND is currently running 123 plants in Austria and Bavaria, with a combined output of 7,500 MW. Further plants are under construction in Austria which will add another 520 MW when completed, and a further 1,395 MW worth of power stations are in the planning stages at the moment. Add to this another 1,100 MW from plants under construction with its partners in France, Italy, Albania and Tur- key, and it becomes clear that VERBUND is set on achieving its goals. Ines Schurin, VERBUND international spokesperson, explains: Simply put, we want to make electricity more environ- ment-friendly. By increasing the output of our existing power stations and con- structing more ef cient new ones, in particular those driven by hydro power, we are creating energy that is low or free from CO2 emissions; in addition, we are keen to explore new applications and technologies such as electric mobility and energy management. To further strengthen the company and increase its fnancial fexibility to enable the planned investments, VERBUND has realized a capital increase of 1bn in No- Lumpi-Berndorf Draht- und Seilwerk GmbH Binderlandweg 7, A-4030 Linz, Austria, Tel.: +43 732 383 848 0, Fax: +43 732 383 848 20 mail: ofce@lumpi-berndorf.at www.lumpi-berndorf.at . . . connect i ng t he wor l d thermal resistant conductors low-sag conductors for high temperature operation black coated thermal resistant conductors eco-friendly coated camouage conductors low-noise hollow conductors earth wires and conductors with integrated optical bres for energy- and data transfer. 2 0 1 1
w o Guarantee your energy- and data ow! For improved performance: For our environment: For data transfer: 60 years experience in the area of overhead conductors and ongoing development in the eld of energy and data transfer guarantee a high level of fail safety. When it comes to upgrading your overhead line networks, draw on the experience of the market leader and give yourself that competitive edge. U U U U U U Trade & I nvestment | www.trade-investment.eu 25 March ~ April 2011 vember 2010. Listed on the Vienna and Frankfurt Stock Exchange, the Austrian government holds a 51% majority stake, which it will continue to do following the increase. Austrian Mobile Power As the No.1 electricity producer in Austria, VERBUND takes its environmental respon- sibility very seriously and participates ac- tively in initiatives for electric mobility. Having teamed up with Magna and Sie- mens Austria, VERBUND has founded the open platform Austrian Mobile Power, which is aiming to revolutionise the fu- ture of transportation by helping to put at least 200,000 electric cars on Austrias roads over the next decade. One of the key challenges of the 21st century is the rising demand for energy, Ms Schurin outlines. Current prognoses predict a 45% increase in demand by 2030, making it ever more vital to secure the supply, as at the same time reserves of fossil fuels will begin to dry up. This is why we, along with our partners, see electric mobility as THE technology to keep us moving in the future provided that the power required to run the ve- hicles can be sourced using renewable energy. Out of the 4.3m cars currently registered in Austria, 200,00 will run on electricity by 2020. Visions for a Greener Future VERBUND is increasingly focusing its eforts on innovation, research and development in order to increase the proportion of renewable sources of en- ergy in the overall energy mix in Europe - currently dominated by fossil fuels. The key areas of focus are electric mobility and hydro power, and the company is taking a leadership role in fnding in- novative solutions for an energy system that satisfes the increasing demand in a cost-efective way, without causing strain on the environment. VERBUND is in a position to supply a signifcant pro- portion of the required energy for new applications in Austria using renewable resources. For instance, by 2015 it will be able to provide an additional 1bn kWh from local renewable sources enough to power 500,000 electric cars. Ines Schurin: A not altogether distant vision we are pursuing is an energy sys- tem that is made up of a mixture of cen- tral and decentralised production units (such as solar cells on individual homes), which will be controlled by a smart grid with smart meters. We are actively work- ing with research facilities and trade partners on making this type of power system of the future a reality. Silke Humphrys Trade & I nvestment | www.trade-investment.eu 26 March ~ April 2011 ZENTIVA Group a.s. Respiratory Expansion In October of last year Zentiva announced their intention to launch generic respiratory products in 2013 following the acquisition of the Siegfried inhaler franchise. Diane Mannion takes a detailed look at Zentiva; its roots, its current position and its plans for the future. Acquisition of the Siegfried inhaler fran- chise was made by Sanof Aventis; Zen- tiva has been a part of this giant phar- maceutical company since 2009.The acquisition enables Zentiva to further their aim in supplying afordable medi- Trade & I nvestment | www.trade-investment.eu 27 March ~ April 2011 cines to the European public as well as becoming a market leader in respira- tory medicines in particular. When com- menting about Zentivas plans regarding the production of inhalers and related medicines, Zentivas CEO, Rob Koremans, stated: Todays acquisition provides a real boost to our plans to extend the range of modern high quality afordable medi- cines to patients. By acquiring the Sieg- fried Inhaler Franchise we believe we will have a strong competitive position which will allow us to become a leader in afordable respiratory medicines in the future. The impact of this acquisition will be re- alised from 2013 onwards when Zentiva will launch generic respiratory products. The Pulmojet inhaler now comes un- der Zentivas ownership. This is a high performance device, which delivers a range of inhaled medicines easily and efectively for patients with Asthma and COPD. As well as the Pulmojet inhaler, Zen- tiva intend to concentrate on develop- ing inhaled medicines, which include a product containing salmeterol and futicasone, and another combination product with formoterol and budeso- nide as its active ingredients. The market for such products has proved very lucra- tive in recent years with European sales of these types of products reaching over 2.9 billion in 2009. Generic Drugs In order to market generic products, Zentiva have to wait until the patents expire on the existing products, which will not be until 2013. Although generic products are usually marketed using either a diferent trademark, or using a simplifed name of the active ingredi- ent, they bear many similarities to the original product. For instance, they con- tain the same active ingredients, which have the same efectiveness, and the company will also follow the same pro- cedures regarding quality and safety. Where generic drugs have an advantage over the original products is that they can be produced and marketed more cheaply. This is because, frstly, the origi- nal drug may have a monopoly causing prices to remain high. Secondly, manu- facturers of generic drugs can utilise a lot of the fndings from clinical studies that were carried out during produc- tion of the original drugs. This therefore keeps production costs down as these clinical trials will not have to be carried out again. The management of Zentiva recognise the important role of generic ZENTIVA Group a.s. Respiratory Expansion Trade & I nvestment | www.trade-investment.eu 28 March ~ April 2011 Constantia Flexibles Big enough to dare, small enough to care. Constantia Flexibles T +49 961 87 223, F +49 961 87 485 pharma@constantia-flexibles.com www.constantia-flexibles.com Constantia Flexibles develops, manufactures and supplies flexible packaging solutions for the pharmaceutical, healthcare, food and beverage markets. We are a leading supplier of aluminium based packaging for medicines and medical/cosmetic applications, including tablets, capsules, powders and medicotechnical products. Blister Lidding Foil, also Child-Resistant H|gh Performance L|dd|ng Fo|| Co|dform Fo|| Str|p Pack, Suppos|tory Fo|| and Lam|nate Overwrap, Sachet and St|ck Pack Fo|| L|dd|ng and Sea||ng Fo|| for Cups and Cans Promot|ona| and Peta|| Sachet Fo|| W|pe and Doypack Fo|| Ant|-Counterfe|t|ng So|ut|ons drugs, as they state, The generic equiv- alents play an irreplaceable role in our health care system. The Zentiva Group Although it is now a part of Sanof Avent- is, Zentiva was already one of the biggest pharmaceutical companies in Central and Eastern Europe with almost 6000 staf. Its headquarters are in the Czech Republic, but it also has a presence in Slovakia, Romania and Turkey. Zentiva is also expanding into other countries including Russia, Poland, Hungary, Bul- garia, the Ukraine and the Baltic States. According to a survey, Zentiva was con- sidered the 10th most highly regarded company in the Czech and Slovak Repu- lic in 2008 and this position rose to 5th in 2009. Zentivas roots date back to the medi- eval ages with the emergence of the oldest pharmacy in Bohemia, the Black Eagle pharmacy. The company has op- erated as a pharmaceutical company since 1930 following construction of a pharmaceutical plant in what is now a part of Prague. Zentivas mission is to, develop, manufacture and market pharmaceutical products that help im- prove the quality of human life. The companys mission is refected in the work that it does in the health sector by partnering with medical professionals such as physicians, specialists and phar- macists. Zentiva supports these profes- sionals both fnancially and practically. In recent years Zentiva has undergone a number of changes. As well as becom- ing a part of Sanof Aventis in 2009, Zen- tiva replaced its Chief Executive Of cer in 2010, with Rob Koremans taking on the role with efect from 1st July. Prior to 2009 Zentiva had already sustained a lengthy period of continual growth and expansion. Zentiva places a heavy focus on health and safety as it is aware that the sub- stances it produces and the associated waste materials can be detrimental to employees health as well as to the Environment. The company therefore has an Environment and Occupational Safety and Health Policy, which is strictly adopted at all three of its plants. Zenti- advertising Trade & I nvestment | www.trade-investment.eu 29 March ~ April 2011 vas Environmental Management Sys- tem is certifed in accordance with ISO 14 001, and its Occupational Health and Safety Management System is certifed to standard OHSAS 18 001 as well as be- ing certifed by DNV. Products Apart from the future plans for respira- tory medicines, Zentiva produce a wide range of medical supplies and other products. These include cosmetics and dietary supplements. Their range totals over 280 preparations and 550 types of drug. Although their products are de- signed to help with many types of ill- nesses, the main areas of concentration are pain, infammation, cardiovascular diseases, and diseases of the central nervous system including digestive problems, alimentary and genitourinary tract diseases. The addition of respiratory medicines will complement the existing product portfolio. It should also help the com- pany to continue in its development and expansion, allowing Zentiva to achieve its vision, which is, To be and be per- ceived as the leading pharmaceutical provider in Central and Eastern Europe. Diane Mannion advertising Trade & I nvestment | www.trade-investment.eu 30 March ~ April 2011 TERNA S.p.A. Independent Power Italian grid transmission operator Terna SpA (Rete Electtrica Nazionale) boasts some fairly impressive credentials: it was the first independent operator in Europe, was appointed Best European Utility 2010 and is seventh in the world in terms of the length of lines managed (over 62,000km of high-voltage lines across Italy). Speaking to Gabrielle Brown, Regulatory Affairs Director Mr Luigi De Francisci discusses Ternas unique position and the companys latest ventures. In 1999 Italian law decreed that the en- ergy market was to be liberalized and unbundled. This saw Terna, a spin of from Italys then energy provider the state-owned monopoly ENEL, being established as the countrys independ- ent transmission system operator (TSO). Terna became the owner of the national transmission grid and therefore respon- Trade & I nvestment | www.trade-investment.eu 31 March ~ April 2011 sible for the management, security and development of the national transmis- sion network. In 2004 the company was quoted on the Milan Stock Exchange and in 2005 the Cassa Depositi e Prestiti (an Italian joint-stock company under pub- lic control, whose mission is to fnance development in the country) acquired approximately 30% of Terna shares from ENEL. Terna then took over the dispatch- ing activities of the national transmis- sion grid. This degree of unbundling and the new setup instigated a number of benefts. The new system made way for increased transparency in regulation and in the guarantees for investors. It also meant that Terna stood as the in- dustrial operator with the strategic aim of developing and realizing transmission investments, which meant a substantial reduction in costs and an increase in ef- fciency. The new system also meant im- proved network security and reliability, says Mr De Francisci. The Italian Challenge Since 2005 Terna has owned 99% of the Italian national grid. Geographically, this means working within the scope of a long country and two islands. One of the greatest challenges is dealing with local authorities. There was not enough investment in the grid in the start of the 1990s, so when we became independ- ent we tripled this investment, not only from a fnancial point of view but also in our relationship with the local authori- ties. Whereas before there would be op- position to new, big, infrastructure, after a communications strategy focused on common understanding and exchange of information where the benefts of hosting overhead lines were communi- cated, we are now seeing a more posi- tive response to our proposals. For ex- ample, in just three years we were able to remove all obstacles and objections to plans for one particular investment, the MateraSanta Sofa interconnection, that was brokered for ten years, says Mr De Francisci. Connecting Europe Being in Italy, Terna operates in the Cen- tral South Europe (CSE) region and is therefore involved in the management of interconnections with bordering countries. The company also cooperates at a European level in order to promote the completion and functioning of the Internal Electricity Market (IEM) and cross-border trade. Italy is connected to fve countries through 22 intercon- nections and with its plans for future interconnection projects, Terna is set to become the electricity hub of the Medi- terranean basin. We have committed to implementing interconnections with bordering countries so as to improve se- curity of the national electric system and diversify the sources of energy, says Mr De Francisci. Terna is also part of ENTSO-E, the Euro- pean Network of Transmission System Operators for Electricity, and therefore involved in broader activities relating to cross-border congestion management issues. Corporate Social Responsibility at the Core Terna places ethics and sustainability very high on its agenda. Its commitment to ensuring safety, quality and cost ef- fectiveness is frmly held throughout all areas of operation and activities, wheth- TERNA S.p.A. Independent Power Trade & I nvestment | www.trade-investment.eu 32 March ~ April 2011 er thats in granting non-discriminatory access to the network or developing the grid and its interconnections with bor- dering countries. We are fully commit- ted to meeting international standards in sustainability; all our employees are committed to this and this is evident to anyone who visits our of ces and facili- ties. This also goes through to our rela- tionships with local authorities, suppli- ers, parliament, and stakeholders, says Mr De Francisci. With 3,500 employees holding this ethos, its not an insignif- cant facet. Terna also has a Sustainability Report based on the Global Reporting Initia- tive (GRI), which for 2009 it reached the A+ level the highest possible. Terna is also ranked third in the 2009 Account- ability Rating for Italy and is rated in the 2009 and 2010 Dow Jones Sustainability World Index. Being the Best In March this year Terna was assigned the Edison Electric Institute (EEI) Inter- national Utility Award, which recognized Ternas success in increasing the value of its shares by approximately 40% over the previous three years well above the av- erage for other European utilities in the same feld. We are very proud because after the turmoil of the second half of 2008 we had performances which had no relationship to the global environ- ment, says Mr De Francisci, adding that the secret to Ternas success was simply to always create value in our work. A key feature of the business is that al- though its partially public, it has all the agility of a private company, able to re- spond quickly to challenges and take ad- vantage of new opportunities. The will to create value over time for our share- holders is another element of distinc- tion within our company; our technical objectives are intertwined with our will to monitor and limit the environmental Trade & I nvestment | www.trade-investment.eu 33 March ~ April 2011 impact of our activities and to improve our economic performance so as to cre- ate overall welfare, says Mr De Francisci. 2010 Investments Terna is well placed to continue invest- ments into the Italian, and European, electricity network; its EBITDA for 2009 was 1.003 million, an 18% increase on 2008 and the total net income 771 mil- lion, a 125.8% increase on the previous year. In 2009 Terna recognized it had valuable infrastructure such as substa- tions not being fully utilized; it therefore invested in solar energy frm Rete Rin- novabile Ltd to install photovoltaic (PV) plants at its redundant facilities. After just ten months Terna sold its new sub- sidiary in October 2010. This created consistent capital gains which allowed us to reap the fruits of our labor. The transaction is worth approximately 650 million and will increase the Italian PV plants by approximately 10% which will allow savings of up to 135 million tons of annual CO2 emissions, explains Mr De Francisci. This year also saw plans approved for the creation of a new electricity highway be- tween Pavia and Lodi in northern Italy. The 250 million investment, approved in July, is anticipated to create jobs for 100 employees over at least 18 compa- nies. The initiative should see a saving over 25 million a year for the electric- ity system, says Mr Francisci. Also in July Terna received the green light for the de- velopment of a 105km New Electricity Bridge across the Strait of Messina. The interconnection will incorporate 38km of underwater record-breaking extra high-voltage AC cables and is expected to create work for 200 people across 70 companies. Evidently, Terna looks set to boast even more success stories in 2011, and beyond. Gabrielle Brown Trade & I nvestment | www.trade-investment.eu 34 March ~ April 2011 BONNET NV Constantly Cool Leading European group and global Partner in the sector of commercial refrigeration for retail chains, Epta operates, in France, with its brand Bonnet Nv and is specialised in the production and sale of refrigerator units for fresh and frozen products, plug-in integral units, medium and high-power compressor packs and cold rooms. Epta designs and manufactures refrig- eration systems for the worlds leading retail giants. With one clear objective, to be the best, Product Development Man- ager Mr Patrick Cazalis talks to Gabrielle Brown about how Epta, for its brand Bon- net Nv, manages to push the bounda- ries of refrigeration technology. Employing a staf of about 500, Bonnet Nv is one of fve brands in the Epta Group and leader in the French market. In 2009, Bonnet Nv, whose main cli- ent base is the retail sector, turned over 115 million, contributing one quarter of Eptas total turnover for the year. The frms history dates back to 1830 when Bonnet was established to produce professional kitchens, but it wasnt until a century later that the company entered the refrigeration market. Now, a further 80 years later and after a series of merg- ers and acquisitions, Eptas french label is frmly positioned as world-leading pio- neer of refrigeration technologies. Our signifcant research and develop- ment resources have enabled us to be a technological leader. We employ 30 people across four R&D departments: the laboratory department (for testing and certifcation), the design and prod- uct development department, our cus- tomisation unit (to incorporate particular client requirements) and lastly the pro- totype department, explains Mr Cazalis. Technology Firsts This comprehensive Epta R&D setup has recently enabled Bonnet Nv to make a radical change to its product portfolio. Its new Energia line comprises a broad range of products and product families (including modular refrigeration sys- tems) which all beneft from the same cutting-edge technology. Energia has been the biggest event for some time. The objective of this development was frst to vertically reduce the energy con- sumption across the entire range, which we did by between 10 and 20% depend- ing on the model. Second, to be able to provide our clients with a range that is coherent across all models and prod- uct types. And third, to standardise the technical platform used by the various product families. This last feature ena- bles clients to beneft from a simpler af- ter sales service, where having the same technologies across the product range means maintenance is more straightfor- ward and therefore cost efective. An even greater technological achieve- ment, for Bonnet Nv, was in 2009, when the Epta Group developed a new refrigeration system for the chilled cabi- nets which doesnt produce frost. Be- fore we developed this technology, in order to eliminate frost the cabinets had to stop and start at intervals throughout each day. Our new system produces no frost and therefore the cabinets can con- tinue working and maintain a constant temperature. They save more than 10% in energy consumption, says Mr Caza- lis. This may sound admirable though perhaps not astonishing, but to put this achievement in context Mr Cazalis Trade & I nvestment | www.trade-investment.eu 35 March ~ April 2011 explains, This technology, in our indus- try, was considered impossible. You can compare it to when the frst plane went at the speed of sound. Having pioneered something so groundbreaking is a coup for Bonnet Nv but the next challenge is to convince clients that they have in- deed achieved the impossible. We now have customers in Italy, Germany and France testing the new technology. That Bonnet Nv is part of the Epta group enables an even stronger R&D ca- pability. Epta has an innovation centre in Italy which we are always cooperating with to help discover and develop new technologies. A critical role of the centre is to test new systems; we receive all the post-test information which we then use to introduce new technology into Bon- net Nv branded products. Big Clients, Serious Demands With clients as signifcant as Carrefour, the worlds second-largest retailer, Bon- net Nv closely observes market de- mands and emerging trends in its sector, and beyond. The three demands were most aware of at present are frstly to de- crease our products energy consump- tion. Whereas this is not a new expecta- tion in terms of the fnancial implications for clients, the environmental aspects of this requirement have become more important. The second demand is that we develop natural refrigerant gases; the HFCs (hydrofourocarbons) typically used in refrigeration systems cause dam- age to the atmosphere and after around fours years of research we are now able to provide systems that utilise carbon dioxide, which is kinder to the environ- ment, and water instead. The third and increasing demand is concerned with the recyclability of our products: both that our products incorporate recycled matter and that we provide more op- tions to enable our products to be recy- cled at the end of their lives. Mr Cazalis goes on to state that he anticipates recy- clability soon becoming one of the top three concerns for clients when select- ing a new refrigeration system. Selling to large retailers also means that Bonnet Nvs refrigerators must present clients goods in such a way that will at- tract attention and drive sales. Appear- ance is not the frst consideration for our clients, but its important for us to sup- ply cabinets that allow our customers to present their products efectively. For example, we provide fexible shelving systems and even cabinets which mimic a traditional market look. Bonnet Nvs main customer base is in Europe and particularly France, but working with global retail giants means their refrigerators are distributed across the world. Its a case of wherever they go we go, explained Mr Cazalis when I asked him if Bonnet Nv had any plans to target new geographic markets. Being Number One When it comes to corporate strategy Epta for its french brand Bonnet Nv recognises the importance of clarity and simplicity. We have a very clear objec- tive: to be the best and the frst, says Mr Cazalis. Being located West Europe the frm is comfortable with the fact that it will never be the cheapest option for clients. Our staf are really motivated by the aspiration for Bonnet Nv to be the best in the industry at all levels of the business, from research through produc- tion to service. Of course, being the best doesnt come easily and at present one challenge fac- ing Bonnet Nv is to ofer all the ben- efts of a local frm together with the advantages that come from being part of the global player Epta. Our custom- ers are located all over the globe so we need to be able to provide the same level of quality everywhere. To do this, we must have local expertise this in- cludes being aware of the specifcs of each country, each store and each client in that country. Having achieved the im- possible technologically, no doubt Bon- net Nv will overcome this particular obstacle with admirable panache. Gabrielle Brown www.newworldresources.eu New Word Resources N.V. is Central Europes leading hard coal and coke producer, supplying 5.3 million tonnes of coking coal, 5.5million tonnes of thermal coal and 1.1 million tonnes of coke in 2010. The Company has 396million tonnes 1 of JORC 2 reserves and produces quality coking and thermal coal for the steel and energy markets in Central Europe through its subsidiary OKD, a.s. (OKD), the largest hard coal mining company in the Czech Republic. NWRs coke subsidiary, OKK Koksovny, a.s. (OKK) is Europes largest producer of foundry coke. After a tough year in 2009, demand for coal and coke in the Central and Eastern European (CEE) markets rebounded strongly in 2010 and the Company successfully increased its sales volumes and prices in response to this demand. Coal NWR mined 11.4Mt of coal with three fewer operating longwalls compared to the year before, reaping the benefts of its recent capital investment programme (Productivity Optimisation Programme POP 2010) in new longwall mining equipment. The new longwalls produced on average approximatelly 2,800t of coal per longwall per day up just over 72 per cent when compared with the old equipment. The Company expects demand for coking coal in the CEE region to remain robust, driven by continued recovery in the automotive sector as well as the continued investments in infrastructure in the region. Recovery in Central Europes industrial sectors will also underpin demand for thermal coal. NWR expects to produce approximately 11Mt of coal and 800kt of coke in 2011. Globally, coking coal is in short supply as China and other emerging economies continue to drive world demand. In the neighbouring Silesian state-owned Polish mines, total production has been declining steadily since the 1980s. Poland is subsequently struggling to meet its own domestic demand, which is evidenced by the fact that the country became a net importer of coal in 2008. In 2010 the robust recovery in the Russian and Ukrainian domestic markets resulted in a decrease in exports of thermal coal from those countries into the regional market, and the increased demand was largely satisfed by the Polish and Czech producers. As an emerging economy, the amount of energy required in the region continues to rise. Further afeld, increasing volumes of coal are being imported to the region from seaborne markets to plug the missing production, but logistical constraints and high transportation costs will keep these imports limited. 1 As at 1 January 2011 2 Full name: Joint Ore Reserves Committee OKD, a.s. (OKD) producer of hard coal in the Czech Republic over 17,200 employees 4 active mines Darkov, Karvin, SM, Paskov covering a mining area of approximately 120 square kilometres our mines have 24 shafts extracting coal from depths ranging from 600 to 1,200 metres below surface For further information please refer to www.okd.cz/en OKK Koksovny, a.s. (OKK Koksovny) the largest producer of foundry coke in Europe 750 employees 1 coking plant Svoboda 4 coking batteries in operation at Svoboda For further information please refer to www.koksovny.cz/en NWR KARBONIA S.A. (NWR KARBONIA) Polish subsidiary of NWR NWR KARBONIA oversees two development projects in southern Poland Dbiesko and Morcinek For further information please refer to www.nwrkarbonia.pl NWR Modern and Responsible Hard Coal and Coke Producer www.nwrkarbonia.pl Coke NWRs coke business delivered a very solid performance, with production up 19 per cent to 1.0Mt and a reduction in coke conversion unit cost of 16 per cent. These numbers refect increased volumes as demand recovered. Consolidation of coke production at the Svoboda site following the closure of the Jan Sverma plant, combined with the refurbishment of one battery and the commissioning of a new coking battery in Svoboda which came on stream at the end of 2010, and will further help lower unit conversion costs going forward. As a product of coking coal, coke demand similarly follows the fortune of the steel industry. However, coke markets tend to be more volatile since many steel mills produce their own coke supply with independent producers complementing their production. However, a number of producers continue to operate out of date coking batteries in the region, giving OKK a more competitive market position. Subsequent to the collapse in steel production, coke demand in Central Europe fell signifcantly in 2009. In response much coke capacity in the merchant coke market was taken of line. This reduced supply capacity, along with export restrictions from China and rising demand, helped coke prices in Europe to recover in 2010 from the lows of 2009. Customers NWRs main customers are blue chip organisations in the Czech Republic and neighbouring countries including Austria, Germany, Poland and Slovakia. They are primarily based in the industrial belt of eastern Czech Republic and Poland where a concentration of heavy industry is located. The industries in the region have a strong interdependence, with coal miners supplying the steel mills who in turn supply the automotive, construction and manufacturing industries. As a result of the economic recovery, demand in all of these sectors experienced renewed growth during 2010. For instance vehicle production in the Czech Republic grew by 9 per cent during the year while general steel consumption in Europe returned to positive growth. The Companys close proximity and excellent logistic links to our customers underpin long-term relationships. This, in combination with the long distances to deep-water ports, gives us a competitive advantage over seaborne imports, which incur higher transportation costs. Development projects NWR has signifcant opportunities for organic growth within its existing licence portfolio in Poland. There has been good progress made during 2010 in developing these investment projects, Particularly Dbiesko, where a world-class project team and group of advisors are now in place and undertaking a detailed feasibility study. Land and infrastructures acquisitions are also underway. Dbiesko and our other Polish project, Morcinek, are a signifcant part of our growth strategy, as they will bring newly developed mines with lower production costs into our portfolio, helping to ofset higher costs as we continue to mine deeper at our Czech operations. There are also considerable unexploited hard coal resources in the area where we currently operate in the Czech Republic, which would add to our reserves and extend the life of our mines. Our experience in land rehabilitation means we are well qualifed to control the environmental impact of developing these opportunities and we continue to work diligently to fnd ways for accessing coal that are mutually benefcial for both the local communities and NWR. We continue to pursue similar opportunities, particularly in Poland and Ukraine where we are monitoring privatisations closely. www.nwrkarbonia.pl www.newworldresources.eu Safety The investments in POP 2010 are delivering increased productivity and improved safety standards. Last year the number of occupational accidents in our mines dropped by 22 per cent to 271 from 346 in 2009. The Annual LTIFR in the same period decreased from 12.00 in 2009 to 9.13 in 2010. The new equipment also had a positive impact on reducing dust levels. Having completed and seen the frst benefts of POP 2010, NWR will now focus its attention on further optimising the efciency of the new technologies, as well as further improving health and safety standards in line with the Companys aim to reach zero harm levels. NWR successfully completed its SAFETY 2010 programme at the end of 2010. SAFETY 2010 entails the largest purchase of mining work equipment ever realised in the Czech Republic. This two-year project was primarily focused on replacing personal work wear and technical equipment with the latest innovations. The new equipment has not only improved safety but also general working conditions underground. Furthermore, as part of NWRs ongoing commitment to improving safety conditions, the Company has implemented more stringent safety regulations, processes and monitoring systems at all its operations. Additionally, employees are encouraged to appreciate not only wider potential risks but also to have a greater sense of responsibility for their own safety and that of their colleagues. NWR runs several initiatives to promote a safer workplace, which are based on an improved dialogue between employees and senior staf in day- to-day operational life. These include suggestion boxes for employees on ways to improve safety, working conditions and efciency with the best ideas being rewarded. Going green Reclamation Project Karvinsk potok (Karvinsk Brook) Driving to Karvin from Ostrava, one cannot help but notice on the right hand side the church of Saint Peter of Alcantara, built in 1736 in the Baroque style. The church is a protected cultural monument and one that has been preserved in what was once the historical centre of Karvin. It thus serves today as a reminder of the historical placing of the city. Other buildings in the town had to give way to the miners and the landscape subsequently changed beyond recognition. The building reminds somewhat of the Leaning Tower of Pisa, not so much because of its architectural style but because of the nearly seven-degree tilt from the vertical axis, something which was caused by coal mining. From the beginning of mining operations in 1874, as many as 27 seams of a total thickness of 52.8 metres were exhausted. The church, which once stood on a small hill, sank by more than 30 metres and now stands in a shallow valley beside a small lake. The site came in for a better future in 1996 when OKD provided for the refurbishment of the church sanctuary. Reclamation of the 22-hectare valley commenced two years later. Inundated areas along the Karvinsk Brook were flled in and the channel of the brook itself was redesigned. The landscaping consumed approximately 220,000 cubic metres of tailings. The original development plan proposed a conversion of the area into woodland, but concerns were soon voiced that grown trees would obliterate the view of the church. The immediate surroundings of the buildings have thus been designed as a park area. The reclamation works were completed in 2006 at a cost of CZK 65 million. The site has become one of the most popular in the region. F9JE>GGLAF? NWP |s the on|y company |n that m|nes hard coa| |n the Czech Pepub||c. Hard coa| |s an |mportant raw mater|a| for the energy |ndustry and for the stee| |ndustry and re|ated sectors. We prov|de work for tens of thousands of peop|e. Our subs|d|ary OlD |s one of the |argest emp|oyers |n the country and one of the b|ggest contr|butors to the state budget. We ma|nta|n the h|ghest |nternat|ona| standards |n m|n|ng techno|ogy, safety, and bus|ness management. We endorse the g|oba||y shared pr|nc|p|es of corporate respons|b|||ty. We be||eve that our bus|ness has |ongterm prospects. We are prepared to share these prospects w|th our emp|oyees and the commun|t|es |n the reg|ons where we operate. www.newworldresources.eu Ccmpany An |mpcrtant emp|cyer Eccncmy Investment Prcspects Industr|a| uses An |mpcrtant payer cf taxes Reg|cna| deve|cpment CKD Fcundat|cn The mcst mcdern technc|cgy Expcrt Dcmest|c Paper |ndustry Cement |ndustry Energy |ndustry Stee|mak|ng A|um|n|um prcduct|cn Chem|ca|s Pharmaceut|ca|s Trade & I nvestment | www.trade-investment.eu 40 March ~ April 2011 HIP Petrohemija Investing in the Future HIP is the Republic of Serbias leading producer and exporter of petrochemical products and employs around 1,800 people. Its plants cover an area of 247 hectares in the industrial zones of Panevo, Elemir near Zrenjanin, and Crepaja near Panevo, producing an annual output in the region of 700,000 tonnes. Silke Humphrys spoke to Chief Executive Mladen Popovic about the companys history and its direction for the future. Founded in 1977, HIP is today 80% state- owned. It operates seven production plants, each location equipped with its own utility and electrical distribution systems, wastewater treatment plants, laboratories, and other essential utilities. Trade & I nvestment | www.trade-investment.eu 41 March ~ April 2011 In April 1999, the site was targeted by NATO and partially destroyed, resulting in a 30% loss in capacity. Although the majority of the operation has now re- sumed, the chlorine line was shut down permanently. HIPs basic product plants provide raw materials for its own polymer plants, as well as for various industries (ethylene, propylene, C4-fraction, pyrolysis oil, py- rolysis gasoline, MTBE (methyl-tertiary- butyl-ether) and 1,3 butadiene). Its polymers - high density polyethylene HIPLEX and low density polyethylene HIPTEN, as well as styren butadien rub- ber HIPREN - provide the raw material for numerous products that are essential for making our everyday life better and more comfortable. They are particularly vital in the packaging sector, because the processing, packing, transportation and protection of any given product requires strong, resistant, impermeable and light packaging material, which pro- tects the product and reduces costs of transportation and storage and allows the possibility of printing. Other types of polymer are used for mak- ing car and truck tires, but also conveyor and driving belts, pipes and hoses, foor coverings, cables and adhesives. Export Success With more than three decades of expe- rience in conquering new technologies, products and markets, HIPs teams of experts permanently work on expand- ing the applicability of the companys products, as well as on the production process and product quality research and improvement. Thanks to the very high level of prod- uct quality, the majority about 80% - of HIPs output is destined for export, while maintaining its leading position in the domestic market as well. The main export markets are Italy, Ukraine, Ro- mania, Greece, Germany, Slovenia and Bosnia. Chief Executive Mladan Popovic: At HIP we take pride in our ef ciency, responsi- bility, permanent quality improvement, devotion to buyers, and environmental protection its those things which form the core of our business and a backbone for the future. Environmental Responsibility In an industry such as this, adhering to international environmental standards is crucial. HIP-Petrohemija is paying great attention to quality and environmen- tal protection in accordance with the HIP Petrohemija Investing in the Future Trade & I nvestment | www.trade-investment.eu 42 March ~ April 2011 requirements of the integrated model of environmental protection and qual- ity management pursuant to the stand- ards ISO 9001:2008 and ISO 14001:2004. More than 98% of all products are clas- sifed as frst class products, being regu- larly tested in the companys own labo- ratory which is accredited in accordance with ISO/IEC 17025:2006. Polymers have a Statement of Conformity, which de- clares their conformity with EU norms for materials intended to come into contact with foodstufs issued by the Institute for Public Health, Slovenia. In addition to this, HIP-Petrohemija has declared its intention to register all rel- evant substances by 30.11.2010 to the Eu- ropean Agency for Chemicals in Helsinki, to comply with the new REACH regula- tion. REACH is a European regulation (EC 1907/2006), which has become efective in June 2007, regulating the registration, evaluation, authorisation and restriction of chemicals. It supersedes the existing le- gal provisions which refer to about 30,000 substances in the European data base for chemical substances. REACH also regu- lates new substances released for sale and use, as well as the restriction of existing substances that carry a risk for people, animals and the environment in general. The basic aims of REACH are the protec- tion of the environment and human health, whilst maintaining and encourag- ing research and development within the Trade & I nvestment | www.trade-investment.eu 43 March ~ April 2011 chemical industry and ensuring the up- keep of a competitive marketplace. By applying the existing standards ISO 9001:2008 and ISO 14001:2004, HIP al- ready follows the highest standards reg- ulating human health and safety as well as environmental protection and has pledged to meet all the requirements prescribed by REACH. Increasing Capacity Like so many companies around the world, the last year or two have been challenging fnancially, a fact worsened by extremely high virgin naphtha prices. HIP-Petrohemija started a restructur- ing process, supported by the Serbian government, enabling the company to cut expenses and make more ef cient contractual agreements with suppliers as well as buyers. Now, the focus is on growth. We are currently working to dramatical- ly increase our production capacity, Mr Popovic explains. As the Serbian gov- ernment has a high stake in the organi- sation, a big investment will be made in the course of the coming year around 70 million. We are planning to increase the capacity of our polyethylene plant to around 90,000 100,000 tonnes per year, and the ethylene plant by up to 80,000 tonnes. In addition, we plan to invest in improving energy ef ciencies and control systems. Currently, a public tender is underway to select a company that will help real- ise the investment programme on the reconstruction of Ethylene, HDPE and LDPE Plants. Silke Humphrys Trade & I nvestment | www.trade-investment.eu 44 March ~ April 2011 ito, D.D. The Heart of the Tradition The ito Group is one of Slovenias leading manufacturers of food products. Chair- man and CEO Mr. Anton Balai talks to Gabrielle Brown about maintaining culinary traditions and discusses current consumer and market trends in the Slovenian and European food industry. Bread has come to represent many dif- ferent things depending on your loca- tion, culture and beliefs. For some its a straightforward symbol of sustenance, to others it represents wealth, and in some religions, for example, bread is synonymous with hope and sacrifce. In Slovenia, the tradition of making and eating bread is rooted deep within the countrys history and culture, which is namely based around rural life. Slov- enians are traditionally rural people, so high-energy foods that give strength are at the core of our culinary tradition. Bread therefore holds an important place in our history; its a signifcant, and symbolic, product, and consumption is comparatively high, explains Mr Balai. Trade & I nvestment | www.trade-investment.eu 45 March ~ April 2011 ito is the largest bread manufacturer in Slovenia and bread sales account for 40% of the businesss total revenue. Like most bakeries ito also produces bis- cuits, cakes and pastries. Our product portfolio is very much a refection of the Slovenian diet, says Mr Balai. Retaining Artisan Skills Technology continues to change man- ufacturing process across industry, though itos bread-making processes have remained largely the same for dec- ades. When I frst came to ito I was surprised that the bread was made in the way it was 50, even 100, years ago. Our premium breads are labour inten- sive and the basic process is as it was for our grandmothers. ito therefore relies on having an especially skilled work- force, capable of consistently producing bread of which grandmother would ap- prove. Our bakers undergo a great deal of training. Being the biggest bakery in Slovenia, the challenge we face is in re- cruiting adequately skilled staf. Bread making and baking is sadly a tradition that is dying out, so were constantly try- ing to fnd ways to drive interest in the profession, says Mr Balai. itos other product ranges include chocolates and sweets, noodles/pasta and rice, and tea, and it is in these areas that modern technology has more of an impact. New technologies have im- proved cost ef ciency and productivity, but ultimately for ito it is the people and their skills, rather than machinery, that has a greater infuence. Connecting with Trends ito states innovation as one of its cor- porate values, which for a business so frmly entrenched in maintaining past traditions seems somewhat incongru- ous. However, bread can be something of a yardstick for observing change and then a vehicle for connecting with that development. There was a limited choice of breads in Slovenia just twenty years ago, but in the last ten to ffteen years, as ito acquired other frms, we created whole new categories of bread, segmented according to the needs of the consumer, explains Mr Balai. ito, D.D. The Heart of the Tradition Trade & I nvestment | www.trade-investment.eu 46 March ~ April 2011 Current consumer trends have been driven by the desire for a more health- conscious diet, and in response to this ito has introduced to the market breads with lower salt levels and products with no trans fats. The issue of healthy eating is an interesting one for ito. As one of the biggest food producers in Slovenia ito recognizes that it has a responsibili- ty to give consumers access to food that has health benefts. The issue of health goes both ways. On the one hand we have to play our role as corporate citi- zen and be responsible, so we cooper- ate with nutritionists and universities to help us ensure our food is good for the people the consumers. On the other hand, we strive to be not only a trend- setter but also a trend imitator, and this means being market-oriented and un- derstanding consumer needs, which at present are certainly health oriented. So, we adapt our products to meet trends that are driven by the people. We also promote ideas and concepts relating to healthy eating throughout all sales channels, such as via our business-to- business supplies to hotels, restaurants and schools. Aside from developments in the bread market (which is perhaps the most sta- ble) ito defnes the trends that afect its other products to be indulgence and pleasure, convenience, and appear- ance/packaging. One of the other most infuential trends at the moment is con- venience. On the whole people have less time and are therefore consuming more outside the home. We are presently in- vesting in a project that will establish a number of convenience stores that will sell our convenience foods, says Mr Balai. Going Eco Pros and Cons Across industries and markets the de- mand, and sometimes legal require- ment, for businesses to introduce greener manufacturing processes and produce more ecologically sound prod- ucts is an escalating force. For ito this has meant developing food products that are organic or manufactured under a smaller carbon footprint. I see at least two sides to this. One is the infuence on the portfolio consumers are demand- ing more and more products be pro- duced in an organic or ecological way, so we are investing a lot of knowledge and Trade & I nvestment | www.trade-investment.eu 47 March ~ April 2011 money to meet those trends. The other side is the infuence on our manufactur- ing processes. Im confdent that in our eforts to become the biggest bio grain and millet products producers in Slov- enia, and we are constantly seeking local suppliers to work with to ensure shorter supply and logistics chains. Then, we are working to reduce the amount of waste across our business, and last of all we are looking at ways to be more energy and water ef cient, both from an ecological and cost-reducing perspective. The movement towards greener indus- try, although inarguably necessary, does lead to some distinct problems for the food industry. As land is being used to create green energy, this in turn pushes up food prices. For all its benefts, green energy can be seen as a competitor, of sorts, says Mr Balai. Curious Times Mr Balais appointment in 2010 marked the start of a series of changes at ito. A new strategy will be announced be- fore the end of the year, which will focus on the themes of improving ef ciency, taking a more aggressive marketing ap- proach, increasing international presence and consolidating the ito brands in Slov- enia. Despite producing what many of us would consider staple foods, ito did sufer the efects of the recent recession. Theres always a decrease in demand during recession but it was somewhat unusual, and interesting, that we saw a notable decrease in the consumption of basic foods, says says Mr Balai. Other challenges facing ito are that stock market speculation on commodi- ties is pushing food prices up and that retail consolidation is changing the mar- ket landscape. We are increasingly see- ing a symmetry between the power of the retail industry and that of the food industry. With further changes and challenges ahead, I asked Mr Balai to explain how he keeps his staf motivated and focused. The most important part of our culture is that we foster teamwork and appreciation among team members. I doesnt matter whos the boss. Additionally, we are es- tablishing a culture based on professional knowhow, innovation and result orienta- tion. These are the core values with which we will realize our new strategy. Gabrielle Brown Trade & I nvestment | www.trade-investment.eu 44 March ~ April 2011 Technology news The Internet Is Out of Addresses, But Dont Panic You would have thought 4,294,967,295 internet addresses was plenty. But less than 30 years after the Internet Protocol was adopted and barely 15 years after the internet went mainstream, the pool of numerical addresses that allow PCs, servers, and an ever-growing food of mobile devices to fnd each other on the net has been all but exhausted (graph below). The good news is the solution is at hand, and while consumers may barely notice the change, it will require a long-overdue reworking of some cru- cial internet infrastructure. The solution is a diferent, if not really new, addressing scheme, Internet Proto- col Version 6, or IPv6. (The original, and still current, version is 4; version 5 was never implemented.) It makes a number of changes in networking procedures to provide for more ef ciency and greater security. But the big change is quad- rupling the length of addresses to 128 bits, which provides many trillions of ad- dresses for every person on earth. IP addresses are a bit like phone num- bers. When you want to open, say, www. cisco.com, your browser requests its nu- merical address from the distributed di- rectory called the Domain Name System. Routers then use the address to connect to the appropriate server. All devices on the network - computers, phones, TV set top boxes, printers, routers, servers - need their own address. My two-per- son household is more gadget-intensive than most, but as I write this, I have 19 devices assigned addresses on my home network. With the explosive growth of networks, the original 4 billion addresses lasted as long as they did only because of some tricks. Dynamic address assignment lets diferent devices share one address, pro- vided they dont both use them at the same time. More important, network address translation lets the devices on a local network use private addresses. If you look at the IP address of any device in your home, it is probably of the form 192.168.xxx.xxx, a block of addresses re- served for private networks. To the inter- net at large, everything on your network appears to to use the same public ad- dress that was assigned by your service provider. Your router sorts out what data goes to which device. But this year, the inevitable occurred and the Internet Assigned Numbers Au- thority, which is responsible for address assignments worldwide, announced it had given out the last unallocated blocks of addresses. There are still lots of unused addresses around in scat- tered bits, but if you need a large block, it will have to be of the IPv6 variety. The transition to IPv6 has actually been proceeding glacially since the standard was frst published in 1998. With no com- pelling incentive to expend the efort and money needed to convert to IPv6, companies and service providers have been taking their time. The exhaustion of IPv4 addresses is fnally forcing the issue. Fortunately, equipment makers and software publishers, under pressure from the U.S. government and others, have been making their products IPv6- ready. The U.S. Of ce of Management & Budget has required agencies to sup- port IPv6 since 2008 and all fairly recent computers and operating systems, in- cluding Windows, Mac OS X, and Linux, can handle IPv6 addressing. Engineers have also devised a number of ways to let IPv6 and IPv4 networks communicate more or less seamlessly. As time goes on, new sites will emerge on the internet that will only be acces- sible through IPv6, since there will be no v4 addresses to give them. Internet service providers will have to either en- able IPv6 or one of the workarounds for their customers, especially residential and small business customers for whom these issues are technically daunting. For example, most if not all of the gear on my home network can support IPv6, but not all home routers. A frst big trial of the transition will come on June 8, when the Internet Society sponsors World IPv6 Day. Major internet infrastructure operators, including Com- cast, Time Warner Cable, Google, Micro- soft, Yahoo!, Akamai, and Limelight will enable IPv6 on their systems for a 24- hour test run. In the end, the transition to IPv6, will be a bit like a mini version of the Y2K tran- sition of the late 1990s, albeit without warnings of airplanes falling from the skies and other doomsday predictions. Network operators and others respon- sible for internet infrastructure are go- ing to have to do a lot of heavy lifting. But one of the glories of the internet has been its designers ability to keep the plumbing hidden. The odds are that most users will never realize that the change has been made. 49 March ~ April 2011 Audi Selects IBM to Migrate SAP Infrastructure to Cloud IBM announced recently that Audi se- lected IBM to build a cloud environment for Audis SAP infrastructure to deliver higher performance, fast and fexible provisioning of SAP applications and capacities, lower infrastructure costs, and to deliver above-average energy ef- fciency with the ability to enlarge future SAP applications to an almost unlimited extent. Audi was facing challenges to scale its IT systems by the increased use of busi- ness-critical applications in areas such as production and logistics, supplier relationship management and human resources which challenged their IT in- frastructure regarding reliability and fexibility. In April 2010, Audi signed a contract with IBM to rebuild their existing SAP in- frastructure, including consolidation and virtualization of the server hardware, process standardization, opportuni- ties for performance-related billing and a much higher operational fexibility. Audis new SAP Infrastructure solution is based on a new generation of high-per- formance IBM POWER 7 Servers and IBM database technology (DB2). Along with a very high level of reliabil- ity and failure safety, the new SAP Infra- structure solution, which we will migrate into a private cloud, substantially low- ering energy consumption, said Audis Lorenz Schoberl, head of IT Infrastruc- ture Services. The DB2 solutions built-in data compression capability will enable us to save time and reduce costs of stor- age and archiving. We were able to demonstrate that our combination of POWER servers and DB2 will decrease the total cost of ownership over the next four years from a business and technology point of view, said Gunter Frohlich, IBM Client Manager for Audi. The new infrastructure is fully opera- tional and will be managed by IBM in a private cloud environment hosted in Audis data center. About IBM Cloud Computing IBM has helped thousands of clients adopt cloud models and manages mil- lions of cloud based transactions every day. IBM assists clients in areas as diverse as banking, communications, health- care and government to build their own clouds or securely tap into IBM cloud- based business and infrastructure serv- ices. IBM is unique in bringing together key cloud technologies, deep process knowledge, a broad portfolio of cloud solutions, and a network of global deliv- ery centers. Technology news Mobile network technology for smarter cars As you are about to drive into an intersec- tion, a piercing alarm and a fashing red warning light cause you to hit the brakes hard. You narrowly avoid a serious colli- sion with a car running a red light. Today, a relatively few cars equipped with expensive radar and camera-based collision-avoidance systems could give you this warning. But if a coalition of automakers backed by the U.S. Depart- ment of Transportation has its way, much cheaper warning systems would be installed in all new cars before the end of the decade. The key is replacing expensive sensors with cheap and ubiq- uitous global positioning system (GPS) and Wi-Fi wireless technology. Cars are full of electronic sensors and computers that monitor all phases of vehicle operation. GPS, already present in cars with built-in navigation systems and inexpensive to add to others, can provide data on precise location, accel- eration, speed, and direction. Wi-Fi pro- vides an easy way to broadcast the data so other cars in the vicinity can use the information. A car equipped with the system broad- casts data 10 times per second using a WiFi variant known as dedicated short- range communications. Other cars in the vicinity pick up the broadcasts and feed the data to onboard computers, which use the information to calculate the rela- tive position of other cars and fgure out which pose potential hazards. We use low-cost automotive GPS, says Joseph Stinnett, a research engineer with Ford Motor Active Safety, who dem- onstrated the system in a mostly empty parking lot at Washingtons Robert F. Kennedy Stadium. Since we are just locating two vehicles relative to each other, the GPS positioning is quite good. If we wanted to position the vehicle on a map of the earth, we would have three to fve meters of error. But positioning relative to another vehicle, its actually sub-one meter. Thats good enough for the critical task of resolving which car is in what lane. In the real world, it will take some so- phisticated software to make the system work efectively. On a crowded highway, a car might be receiving signals from dozens of vehicles within Wi-Fi range at any time. The software has to flter out information from irrelevant cars for example, those heading in the other di- rection on a divided highway to focus on those that pose a potential threat. With 1,000 or more signals arriving every sec- ond, that takes a fair amount of process- ing power. Fortunately, processing, like GPS and Wi-Fi, has gotten very cheap. Meanwhile, high prices continue to pose a major barrier to adoption of existing systems, efectively limiting their use to high-end cars. For example, a relatively limited radar-based blind-spot monitor- ing system is part of a package that adds more than $3,000 to the price of a Ford Taurus. Of course, existing systems have one huge advantage: their radar and com- puter vision sensors dont depend on other vehicles being similarly equipped to do their job. But the GPS plus Wi-Fi approach only works if all nearby vehi- cles are broadcasting data. A car in your blind spot that isnt sending out position information is as invisible to your com- puter as it is in your mirrors. Thats why the members of the third-generation Vehicle Safety Communications Con- sortium Ford, General Motors, Daimler, Volkswagen Audi. Kia Hyundai, Toyota, Nissan, and Honda are working with DoT and theNational Highway Traf c Safety Administration toward requiring instal- lation of the systems once they become cheap and reliable enough. Widespread use of the system could provide additional benefts. Existing sys- tems for monitoring traf c fow mostly rely on loop sensors embedded in the pavement. They are expensive to install and maintain, generally limiting their use and the availability of real-time traf- fc reports to a few major roads. Monitor- ing the Wi-Fi broadcasts of passing cars, though it would raise some privacy is- sues that must be addressed, could pro- vide much more extensive data at much lower cost. Trade & I nvestment | www.trade-investment.eu 51 March ~ April 2011 Fujitsu Launches Support Services for Cloud Environments Employing Open Source Software Fujitsu today announced the launch of six support services for building and op- erating cloud environments that employ open source software (OSS)(1) in Japan. The new services are aimed at corpora- tions and organizations that are build- ing and operating private cloud environ- ments with OSS, as well as cloud services providers that deploy public cloud serv- ices using OSS. By using templates that have been pre-verifed to work with both Fujitsu hardware and OSS, these advertisers list Constantia Flexibles ...................................................................... 28 DHL Express s.r.o. .......................................................................... 52 FOR INDUSTRY ................................................................................ 53 HERRMANN AG ............................................................................... 29 Lumpi-Berndorf Draht und Seilwerk GmbH .................................. 24 NKT Cables group GmbH .................................................................. 2 Schenker Deutschland AG .............................................................. 54 OSS clouds can be ef ciently and quickly built in a short period of time as roughly two weeks. As Fujitsu will also be extending the use of the same templates to its On-Demand Virtual System Service(2), OSS cloud en- vironments can also be built on Fujitsus On-Demand Virtual System Service pub- lic cloud. This will enable customers to use this as back-up for their own systems in times of emergency, or to supplement their own systems during periods of peak demand. Nokia and Microsoft Sign Definitive Agreement Ahead of Schedule Nokia and Microsoft today announced the signing of a defnitive agreement on a partnership that will result in a new global mobile ecosystem, utilizing the very complementary assets of both companies. Completed ahead of sched- ule, the defnitive agreement is consist- ent with the joint announcement made on February 11. In addition to agreeing to the terms of their partnership, including joint contri- butions to the development of the new ecosystem, Nokia and Microsoft also announced signifcant progress on the development of the frst Nokia products incorporating Windows Phone. With hundreds of personnel already engaged on joint engineering eforts, the compa- nies are collaborating on a portfolio of new Nokia devices. Nokia has also start- ed porting key applications and services to operate on Windows Phone and joint outreach has begun to third party appli- cation developers. At the highest level, we have entered into a win-win partnership, said Stephen Elop, President and CEO of Nokia Corpo- ration. It is the complementary nature of our assets, and the overall competi- tiveness of that combined ofering, that is the foundation of our relationship. Our agreement is good for the indus- try, said Steve Ballmer, CEO of Microsoft. Together, Nokia and Microsoft will in- novate with greater speed, and provide enhanced opportunities for consumers and our partners to share in the success of our ecosystem. Trade & I nvestment | www.trade-investment.eu 52 March ~ April 2011 Ing. Ludk Drnec All bad things can be overcome The defeated say what they would do, the victors go and do it, claims Ing. Ludk Drnec (43), Commercial Director and one of the Executive Heads of DHL Express (Czech Republic) s.r.o. DHL offers services in the field of international and domestic express forwarding of documents and parcels. He is married and has two sons aged 10 and 5. His wife works as a paediatrician and the whole family live in a fat in Plze. They are currently starting to build a family house near Plze (in the village of Dina), where they plan to move next year. He could not imagine life without his family. This is also the reason he regards meeting his wife and the birth of his children as fun- damental turning points in his life. All bad things can be overcome if the will is there. Ludk has repeatedly confrmed this, especially during certain challenges in his private life in the past. This princi- ple has accompanied him his whole life. He was infuenced by two crucial events one was overcoming serious illness 10 years ago and other was the fall of com- munism in 1989. He characterises him- self as a cheerful choleric and a person who by habit cannot stand doing noth- ing for long. I wake up around 6 oclock on work- ing days, at the weekend it depends on the programme, but as I get older, I fnd myself even getting up at weekends be- tween 6 and 7 I am usually woken by the radio alarm clock, at the weekend often by the children shouting in the next room. I frst make some tea, then I exercise for 15 minutes, wash and pre- pare breakfast for the whole family. I wake my wife at 6.30, the children at 6.45, after that I just try to manage the chaos, so that we manage to leave on time for school with my oldest son At home I have cereal with yoghurt and fruit for breakfast, when I am travel- ling, I dont say no to an English breakfast in the hotel. I listen to Rock Radio while doing so, I sometimes read, but you are ap- parently not supposed to do that. As far as clothing is concerned, I wear a suit to work. I wear sever- al brands and I have recently taken a liking to Feraud. In my free time, I choose sports clothing, otherwise jeans, t-shirts and casual shirts I drive to work by car, I have a VW Passat Estate. The journey from Plze to the of ce in Nov Butovice takes me 4560 minutes depending on the condition of the D5 motorway. Of course I go to the of ce about 50% of my working days as I spend a lot of time in the feld with our clients and partners and with our sales agents. I try to make my phone calls from the car, it is the ideal time especially for a longer discus- sion If I am in the of ce, I usually have several meetings there and I usually try to arrange these between 10 am and 3 pm. The rest of the time, I deal with the nec- essary administration and e-mails. I keep e-mails to the minimum, but we cant get by without them internally in the compa- ny. As far as clients are concerned, I have never heard of anybody doing business by e-mail. Personal contact is the abso- lute basis for this My main task at work every day is to maximise sales and eve- rything else is subordinate to this. There are then sub-tasks on some days, such as various projects and presentations to my superior. But the best day is a day spent on successful negotiations with a client. On working days, I have either a working lunch or improvise in various ways in the of ce, because the building we are cur- rently based in has not unfortunately re- solved establishment of its own canteen yet. I try to avoid fast food. That really is only an extreme option to stop myself starving to death on my travels. If I can choose, I prefer Italian cuisine, chicken in general, fsh and vegetables If I am with clients, then my time really is very fexible, this often includes a working dinner, followed by a late return home or having to stay the night in a hotel some- where. If I am in the of ce, I try to fnish around 6 pm. On working days, I usually only work out on the exercise bike in the evening, there isnt much time for any other sport, I try to make up for this at weekends. I am an average yet passionate golfer, and as far as other sports are concerned, I prefer cycling and skiing in winter, if possible with the whole family, which I have also forced into playing golf. Passively, it is sport again (ice hockey and football), lots of flms and if I dont fall asleep watching one, then I try to read something in the evening. On weekdays I spend a bit of time with the children, but this has var- ied success rates, of course this also in- cludes homework etc. And if for example I manage to organise a barbeque with some friends and some good wine, then that really is absolutely ideal. If I am at home, we mostly sort out din- ner with a quick salad or other or the obligatory ham and cheese, I certainly dont demand a cooked dinner. I leave that either for business dinners or the above-mentioned get-togethers with friends. Of course I like the beer from Plze and sweet things, but I have cut down on these a lot recently, this does after all give you a nice body. Wine is my hobby, I prefer white wines from Moravia, reds from slightly hotter climes = Spain, the New World, Italy I mainly try to look back on the work- ing day in the car, the almost two hours I spend every day travelling from Plze to Prague and back certainly provides enough time for this. But often I cant stop thinking about a problem until I fall asleep, you cant avoid that sometimes. I mostly pick up a book. That is guaran- teed to put me to sleep within 10 min- utes. I go to bed relatively late, mostly around midnight, so I dont usually have any problems falling asleep. EXHIBITION CENTRE PRAGUE LETNANY 10 th INTERNATIONAL TRADE FAIR OF ENGINEERING TECHNOLOGIES 3. 5. 5. 2011 ABF, a.s., Mimosk 645, 190 00 Praha 9, tel.: +420 225 291 264-6, fax: +420 225 291 199, e-mail: forindustry@abf.cz, www.abf.cz Simultaneous Trade Fairs: FOR SURFACE 6 th International Trade Fair of Surface Treatments and Finishing Technologies FOR WASTE & CLEANING 6 th International Trade Fair of Waste Handling, Recycling, Industrial and Municipal Ecology and Cleaning processes