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PR Newswire

Glue Up Announces Strategic Partnership with Cvent to Revolutionize Community Engagement

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MCLEAN, Va., Aug. 9, 2024 /PRNewswire/ —

Glue Up, a leading provider of AI-powered all-in-one membership management solutions, is proud to announce our strategic partnership with Cvent. This collaboration establishes Glue Up as a leader in leveraging innovative technology, advancing community and event management for its 1,500+ associations, chambers, and other communities. Since 2023, Glue Up has been leveraging AI in community management to automate workflows, reduce administrative tasks, and enhance personalized campaigns and engagement, making them a top industry provider.

Glue Up’s innovative CRM can track and report all member engagement, enhancing community and events management. Through a new integration with Cvent, users can sync their events and contact data and utilize the robust platform for event marketing, registration, payment, and more. This collaboration also allows Glue Up clients to easily create small, medium or large-scale events while managing and tracking member engagements, boosting association and chamber management to a new industry level.

“Glue Up has always been at the cutting edge of innovation, and this partnership is a significant milestone in our mission to empower associations and chambers worldwide. ” said Eric Schmidt, CEO of Glue Up. “This collaboration brings major transformation in the association industry as it connects robust Glue Up capabilities with the powerful Cvent event marketing and management platform. Through this integration, we can now enable professional communities with Cvent’s user-friendly small, medium, and large-scale event and trade show tools, and Glue Up’s platform to consolidate data, manage memberships, and engage communities. This combination is set to revolutionize the association industry and bring it to a whole new standard.”

Mike Tenholder, Cvent Head of Alliance Partnerships, added, “We are thrilled to welcome Glue Up as a strategic Alliance Partner. Their commitment to innovation and enhancing user experiences complements our goal of providing best-in-class event management solutions. By integrating Glue Up’s solutions, we can offer our association clients additional tools to enrich their professional communities and streamline their membership engagement processes.”

This partnership brings significant benefits to both Glue Up’s and Cvent’s clients. Glue Up’s clients gain access to an industry-leading event management platform, while Cvent’s users can take advantage of Glue Up’s advanced membership solutions. Together, Glue Up and Cvent aim to deliver unparalleled value and transformative experiences to the association world.

CONTACT: Tiara Jing
+1 888 218 1354
social@glueup.com 

PR Newswire

Hydrexia and NovaAir Sign Memorandum of Understanding for Hydrogen Business Development in India

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NEW DELHI and SHANGHAI, June 24, 2024 /PRNewswire/ — Hydrexia Singapore Pte Ltd, a wholly-owned subsidiary of Hydrexia Holding Limited (Hydrexia), a leading integrated hydrogen solution provider in China, and NovaAir Private Limited (NovaAir), a PAG investee company in India today announced that the two companies have inked a Memorandum of Understanding (MOU) to jointly develop the hydrogen market in India. The cooperation is intended to utilize the combined market skills and technologies of both companies to best meet the hydrogen development needs in India.

Under the scope of the MOU, Hydrexia and NovaAir will work closely to jointly explore potential business projects leveraging NovaAir’s local business development capabilities as well as Hydrexia’s technologies and solutions in hydrogen purifications, hydrogen refueling station (HRS) and hydrogen transportation and storage.

The planned cooperation adds significant values to Hydrexia’s fast-growing market expansion in the Asian market following recent successful business initiatives in the region. The cooperation with NovaAir will further reinforce the strong commitment of Hydrexia to serve hydrogen business needs in the region by collaborating with local partners.

“The MOU adds a new dimension to the rapid growth of our business in Asia. We are extremely happy to work with NovaAir to develop the hydrogen market in India,” said George Gan, the Chief Executive Officer of Hydrexia Southeast Asia. “The new venture will also help us to best utilize our hydrogen technology solutions to serve the needs of our customers in India,” Gan added.

“We are happy to have chosen Hydrexia as our partner to develop the hydrogen market locally. Hydrexia has clearly demonstrated its technological competitiveness to address the market needs,” said Gajanan Nabar, the Managing Director and Chief Executive Officer of NovaAir. “Our combined market skills and technologies will enable us to best serve the needs of the hydrogen market going forward,” Nabar continued.

Hydrexia has been actively expanding its business operation in the hydrogen markets in Southeast Asian countries where its business has been growing rapidly, having secured strategic partnership, joint venture, and business contracts in 2024. Hydrexia is fully committed to serving the technology and solution needs of its customers globally.

[About NovaAir]

NovaAir is a manufacturer and supplier of high-quality industrial gases. Funded by PAG India, NovaAir brings to the table a unique combination of safety, operational reliability and economic efficiency, while supporting the customers with gases in the manufacturing process.

[About Hydrexia]

Hydrexia Holding Limited is a leading integrated hydrogen technology solution provider in China with global reach. The company specializes in providing technology solutions for hydrogen production, storage, transportation, and end-use applications. Leveraging its solid R&D capabilities and industry-leading technology, Hydrexia aims to effectively address the technology and application needs across the global hydrogen industry value chain.

PR Newswire

Expands into New Energy with Strategic JV and Launches New Charging Solutions

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HONG KONG, June 18, 2024 /PRNewswire/ — Foxconn Interconnect Technology Ltd (“FIT”, listed on the Hong Kong Stock Exchange under 6088), a subsidiary of Hon Hai (TW.2317), is expanding its presence in the electric vehicle (EV) sector. Following the acquisition of Germany’s SWH Group in 2023 and the launch of the Voltaira brand for its mobility solutions portfolio, FIT Hon Teng has formed a joint venture with XYPower Technology Co., Ltd., establishing FXNWING New Energy Technology Co., Ltd. (“FXNWING”) to enter the EV charger market.

XY Power, based in Xi’an, specializes in EV charging and energy storage systems. With over 25 years of experience, their expertise in power module design will enhance FXNWING’s production capabilities. Combined with FIT Hon Teng’s manufacturing strengths, this partnership aims to deliver top-notch charging  and energy restorage solutions globally. With growth potential in the EV market, FIT will continue to partner with core technical experts to leverage business opportunities by shortening development times and enhancing the solution packages.

Along with the One-FIT strategy, the strong cooperation between FXNWING and Voltaira has resulted in a new series called Voltaira AC and DC chargers. The debut product Voltaira Anoles AC charger offer 7kW and 22kW charging power and has won the 2024 IF Product Design Award by featuring its interchangeable covers and easy cable and socket replacement to comply with various international standards. Its modular design and improved heat dissipation make it adaptable to different environments.

At Europe’s largest smart energy exhibition, Smarter E Europe, on June 19-21, 2024, visitors were able to explore the Voltaira Royal Series. Targeting the Middle East and North Africa (MENA) market, the Royal Series includes DC fast charging stations and AC chargers for commercial and residential use. Designed for harsh climates, these products feature robust protection and intelligent power distribution to achieve high efficiency and reduce operational costs.

FXNWING’s innovation is further evidenced by the FitPile,the mini DC which has won a Red Dot Design Award. This recognition highlights FIT Hon Teng’s commitment to innovation and technical excellence.

Visit us at Messe München, Germany (MESSE) C6.635.

About FIT (Foxconn Interconnect Technology) Hon Teng (HK.6088)

Foxconn Interconnect Technology (FIT), listed on the Hong Kong Stock Exchange, focuses on precision design and manufacturing of connector products as its core. FIT continues to explore 5G AIoT, EV mobility, and audio applications areas, stepping into consumer brand operations. For more information about FIT, please see: www.fit-foxconn.com.

Email: fit-ir@fit-foxconn.com                      sales-usa@fit-foxconn.com

PR Newswire

Tata Communications collaborates with Microsoft to expand boundaries for voice calling on Microsoft Teams

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  • Tata Communications GlobalRapide™, powered by Operator Connect for Microsoft Teams, to elevate customer experience for enterprises globally
  • Latest cloud calling solution to enable PSTN calling for enterprises based in India to any Microsoft Teams device, anywhere in the world
  • Unprecedented flexibility for collaboration, enhanced useability, and security and regulatory compliance for Teams to be made available on a single platform

MUMBAI, India, Feb. 7, 2024 /PRNewswire/ — Tata Communications, the global commtech (communications technology) player, has partnered with Microsoft to provide flexibility in collaboration and connectivity on Microsoft Teams for enterprises in India.

The Tata Communications GlobalRapide platform will enable both Indian enterprise users as well as multinationals with a presence in the country to seamlessly make and receive carrier-grade PSTN voice calls on any Teams device, anywhere across the globe, by utilising the Operator Connect platform.

With an extensive reach across more than 190 countries through partnerships with over 700 mobile network operators, Tata Communications is uniquely positioned to offer this regulatory compliant cloud calling and audio-conferencing capability.

GlobalRapide delivers on greater fraud prevention capability and strict diligence to local market regulations, thereby allowing businesses to securely interact and collaborate with their entire value chain across the globe.

The platform offers an end-to-end managed services layer, providing deployment, onboarding and management of Teams, endpoint devices and SBCs (session border controllers) with enhanced useability, security and regulatory compliance — all on a single platform. This will streamline the Teams platform management, providing enterprises with complete control and visibility and no additional hardware cost.

“While businesses are expanding, the geographical borders are constantly shrinking with the power of collaboration tools. To make the most of these innovative tools, enterprises need a global partner with local expertise,” said Sriram Sampath, Vice President, Unified Communications & Collaboration, Tata Communications. “Our collaboration with Microsoft on Operator Connect for Teams will further enhance workforce productivity and efficiency for enterprises, while helping them abide with the local regulations and compliance.”

“We are pleased to partner with Tata Communications to help our customers extend their global footprint through Operator Connect for Teams. This collaboration reflects our commitment to delivering greater efficiencies and productivity gains for businesses across India. Together, we are committed to help enterprises grow and scale – seamlessly, efficiently and securely.” said Shruti Bhatia, Country Head, Modern Work and Surface, India and South Asia, Microsoft.

Click here to know more about Tata Communications GlobalRapide.

About Tata Communications

A part of the Tata Group, Tata Communications (NSE: TATACOMM; BSE: 500483) is a global digital ecosystem enabler powering today’s fast-growing digital economy in more than 190 countries and territories. Leading with trust, it enables digital transformation of enterprises globally with collaboration and connected solutions, core and next gen connectivity, cloud hosting and security solutions and media services. 300 of the Fortune 500 companies are its customers and the company connects businesses to 80% of the world’s cloud giants. For more information, please visit www.tatacommunications.com 

Forward-looking and cautionary statements

Certain words and statements in this release concerning Tata Communications and its prospects, and other statements, including those relating to Tata Communications’ expected financial position, business strategy, the future development of Tata Communications’ operations, and the general economy in India, are forward-looking statements. Such statements involve known and unknown risks, uncertainties and other factors, including financial, regulatory and environmental, as well as those relating to industry growth and trend projections, which may cause actual results, performance or achievements of Tata Communications, or industry results, to differ materially from those expressed or implied by such forward-looking statements. The important factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements include, among others, failure to increase the volume of traffic on Tata Communications’ network; failure to develop new products and services that meet customer demands and generate acceptable margins; failure to successfully complete commercial testing of new technology and information systems to support new products and services, including voice transmission services; failure to stabilize or reduce the rate of price compression on certain of the company’s communications services; failure to integrate strategic acquisitions and changes in government policies or regulations of India and, in particular, changes relating to the administration of Tata Communications’ industry; and, in general, the economic, business and credit conditions in India. Additional factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements, many of which are not in Tata Communications’ control, include, but are not limited to, those risk factors discussed in Tata Communications Limited’s Annual Reports. 

The Annual Reports of Tata Communications Limited are available at www.tatacommunications.com. Tata Communications is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements.

© 2024 Tata Communications Ltd. All rights reserved.

TATA COMMUNICATIONS and TATA are trademarks or registered trademarks of Tata Sons Private Limited in India and certain countries.

PR Newswire

Reliance Industries Enters into Agreement to Invest Alongside Digital Realty and Brookfield Infrastructure to Expand Data Center Joint Venture in India

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‘Digital Connexion: A Brookfield, Jio and Digital Realty Company’ to develop critical digital infrastructure to meet rapidly-growing global and local customer demand in Indian market

SINGAPORE, July 25, 2023 /PRNewswire/ — Digital Realty (NYSE: DLR), the largest global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, announced today a planned three-way joint venture (JV) with Brookfield Infrastructure and Reliance Industries Ltd. (“RIL”) to develop high-quality, highly-connected scalable data centers to meet the critical infrastructure needs of enterprises and digital services companies in India. The new JV will operate under the brand name Digital Connexion: A Brookfield, Jio and Digital Realty Company. It succeeds and builds on the strong foundation laid by BAM Digital Realty, by including RIL, India’s largest private sector company, that has enabled and led India’s digital transformation through Jio, as a partner. Each partner will own one-third of the joint venture. Digital Connexion expects to initially execute on the development of data center campuses on existing strategic land parcels it owns in Chennai and Mumbai.

India represents a key market opportunity for Digital Realty to extend coverage, capacity, and connectivity options to cloud providers, hyperscalers and to both local and global enterprise customers. The Indian data center market is experiencing rapid growth, driven by the growing adoption of digital technologies, cloud computing, and the surge in data consumption fueling the demand for robust and scalable data center infrastructure. 

Data centers developed in India by the JV will leverage Digital Realty’s industry-leading energy-efficient data center platform, design and operating procedures, highly-repeatable Pervasive Data Center Architecture (PDx®) approach and relationships with global customers, Brookfield’s in-depth knowledge of the Indian infrastructure market, and Jio’s massive digital and connectivity ecosystem and very strong enterprise relationships with an existing client base of 80% of large named private enterprises in India.

Jio’s world class, all-IP, data strong, future proof, 4G and 5G connectivity network with deep fiber presence, covering ~99.5% of the Indian population, strategically expands the JV’s connectivity to data centers and other establishments in the country. It extends the reach of PlatformDIGITAL®, Digital Realty’s best-in-class global data center platform with 300+ data centers, in 50+ metros, across 27 countries and six continents, giving customers access to a dense connected data community of partners, solutions and services, including Jio’s network, cloud and other service solutions in India. 

“India is a mostly untapped market for the data center industry driven by the rapid adoption of digital business models, the world’s largest population, and a government that recognizes the role of technology for future economic development,” said Serene Nah, Managing Director and Head of Asia Pacific, Digital Realty.  “This joint venture brings together three global leaders in digital infrastructure to accelerate Digital India by developing, owning and operating institutional quality carrier-and cloud neutral data centers across India.”

Speaking about the transaction, Kiran Thomas, CEO, Jio Platforms Ltd. said, “We are excited to partner with Digital Realty, one of the most innovative data center companies globally and with Brookfield, our existing and trusted partner. The partnership will help us serve our enterprise and SMB clients with cutting-edge, plug-and-play solutions delivered from the cloud and lead their digital transformation and make them more competitive and efficient. The unique and highly engaging consumer and home experiences that we are offering and further innovating on, such as high-definition live content, AR / VR experiences, cloud gaming, immersive shopping experiences and cloud PC have massive compute capacity requirements. We would like to thank the Indian government for granting infrastructure status to data centers and for creating a favorable ecosystem for their development and operations, which is critical for India’s vision to become a $1 trillion digital economy by 2025.”

Arpit Agrawal, Managing Director, Head of Infrastructure, India & Middle East, Brookfield, added, “We are very pleased to expand our existing partnership with Reliance and add their deep expertise in the Indian telecom, tech and data landscape to the platform. Data Centers provide essential services and critical infrastructure to support the digitalization that is taking place in every aspect of life in India. Together with Reliance and Digital Realty, we look forward to providing the best of solutions to the digital transformation needs of Indian and global corporates.

Digital Connexion will have a dedicated management team in India, with leadership oversight from Digital Realty, Brookfield and RIL. With the complementary strengths of its three partners, Digital Connexion has world-class skills and resources available to enable it to support global and local customers seeking to serve the large and growing Indian market.

About Digital Connexion: A Brookfield, Jio and Digital Realty Company
Digital Connexion is a joint venture (JV) between Brookfield Infrastructure, Reliance Industries and Digital Realty. The company provides the full spectrum of highly-connected and scalable data center, colocation and interconnection solutions to meet the critical infrastructure needs of enterprises and digital services companies in India, and brings together enterprises, network service, cloud and IT providers to give customers and partners a key connectivity gateway to Europe, the Middle, East, Africa and Asia. The JV combines the complementary strengths of Jio’s massive digital and connectivity ecosystem in India and tech capabilities with Brookfield Infrastructure, one of the largest owners and operators of critical global infrastructure, and Digital Realty, provider of the world’s largest data center platform enabling customers with access to over 50 metros across six continents.

About Digital Realty
Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITAL®, the company’s global data center platform, provides customers with a secure data “meeting place” and a proven Pervasive Datacenter Architecture (PDx®) solution methodology for powering innovation and efficiently managing Data Gravity challenges. Digital Realty gives its customers access to the connected communities that matter to them with a global data center footprint of 300+ facilities in 50+ metros across 27 countries on six continents. To learn more about Digital Realty, please visit digitalrealty.com or follow us on LinkedIn and Twitter.

About Brookfield Infrastructure
Brookfield Infrastructure is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, midstream and data sectors across North and South America, Asia Pacific and Europe. Brookfield Infrastructure is focused on assets that generate stable cash flows and require minimal maintenance capital expenditures. Further information is available at https://bip.brookfield.com.

Brookfield Infrastructure is the flagship listed infrastructure company of Brookfield Asset Management, a global alternative asset manager with over $825 billion of assets under management. For more information, go to https://brookfield.com.

In India, Brookfield has $24 billion in assets under management across Infrastructure, Real Estate, Renewable Power & Transition and Private Equity.

About Reliance Industries Limited
Reliance is India’s largest private sector company, with a consolidated revenue of INR 976,524 crore ($118.8 billion) and net profit of INR 74,088 crore ($9.0 billion) for the year ended March 31, 2023. Reliance’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewables (solar and hydrogen), retail and digital services.

Currently ranking 104th, Reliance is the largest private sector company from India to feature in Fortune’s Global 500 list of “World’s Largest Companies” for 2022. The company stands 45th in the Forbes Global 2000 rankings of “World’s Largest Public Companies” for 2023 – top-most among Indian companies. Reliance has been ranked among the world’s 20 best companies to work with, highest amongst Indian companies in Forbes’ World’s Best Employers for 2022. It features among LinkedIn’s “Top Companies 2023: The 25 Best Workplaces To Grow Your Career In India“. Website: www.ril.com

About Jio Platforms Limited
Jio Platforms Limited (“Jio”), a subsidiary of Reliance Industries Limited, has built a world-class, all-IP, data strong, future proof network with 4G LTE and 5G technologies (through its wholly owned subsidiary, Reliance Jio Infocomm Limited). It is the only network conceived as a Mobile Video Network from the ground up. It is future-ready and can be easily upgraded to support even more data, as technologies advance to 6G and beyond.

Jio has brought transformational changes in the Indian digital services space to enable the vision of Digital India for 1.4 billion Indians and propel India into global leadership in the digital economy. It has created an eco-system comprising of network, devices, applications and content, service experience, and affordable tariffs for everyone to live the Jio Digital Life.

For Additional Information

Investor Relations
Jordan Sadler / Jim Huseby
Digital Realty
+1 737 281 0101
InvestorRelations@digitalrealty.com

Media Contacts
Sinhuay Ho
Digital Realty
+65 8125 8380
shho@digitalrealty.com

Safe Harbor Statement
This press release contains forward-looking statements which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially, including statements related to our joint venture with Brookfield and Reliance Jio Infocomm, the Indian market opportunity, expectations regarding the joint venture’s development plans and operations in India, expectations regarding IT load capacity of the operations of the Digital Connexion joint venture, expected growth in digital transformation, sustainability programs and goals, and deployment and benefits of PlatformDIGITAL®.  Our forward-looking statements are generally identified with words such as “will”, “believe”, “expect”, “intend” and similar expressions.  For a list and description of such risks and uncertainties, see the reports and other filings by the company with the U.S. Securities and Exchange Commission.  The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

PR Newswire

New partnerships and pro-investment reforms announced as tenth Mongolia Economic Forum takes place in Ulaanbaatar

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ULAANBAATAR, Mongolia, July 13, 2023 /PRNewswire/ — The tenth Mongolia Economic Forum (MEF) continues in Ulaanbaatar today amidst the announcement by the Government of two new bodies to support investment into the country and of new partnerships with Elon Musk’s SpaceX and leading geo-location company What3Words. This also follows the recent upgrading of Mongolia’s projected economic growth in 2023.

The Prime Minister of Mongolia speaks at the 2023 Mongolia Economic Forum in Ulaanbaatar
The Prime Minister of Mongolia speaks at the 2023 Mongolia Economic Forum in Ulaanbaatar

2,200 guests from around the world – including leading representatives from global businesses, the third sector and multilateral organisations – are gathering for this two-day event (9-10 July) to discuss how they can work in partnership with the Mongolian Government to deliver its goal of doubling the country’s GDP by 2030 and establishing Mongolia as a leading country in the region by the middle of the century.

Vision 2050 and the New Recovery Policy announced in 2022 set a clear strategic direction for Mongolia’s sustainable development to inform the Government’s wider policy programme. This direction has enabled rapid progress to date and provides the foundation for the latest round of milestones announced this year at the Forum.

This morning the Government announced the creation of the Private Partnership Centre and the Investment and Trade Agency, to support more investment into the country. The Investment and Trade Agency, for example, will provide ‘a bridge for business in Mongolia‘, providing assistance in the protection of investors’ legitimate rights and interests, helping expand import diversification and to improve the competitiveness of import substituting industries.

In addition, in his keynote address to the Forum this morning, Minister for the Economy and Development and Deputy Prime Minister Khurelbaatar Chimed outlined the opportunities for investment that exist in Mongolia and the Government’s intention to amend the Draft Law on Investment to help facilitate new investment partnerships.

Figures show that the Government’s focus on removing barriers to growth through its US$ 49 billion New Recovery Policy – unveiled in December 2021 – and Vision 2050 blueprint are continuing to deliver results. Following above-forecast growth of 4.8% in 2022 – 1.1% of which was attributable to the New Recovery Policy – and growth of 7.9% in the first quarter of this year, the country’s growth forecast for 2023 has been upgraded from 5% to 6%. The growth forecast for 2024 is now 6.5%.

This growth, particularly following the pandemic, was made possible by working closely with Dr Tedros Adhanom Ghebreyesus, Director General of the World Health Organisation (WHO). Through working together, we achieved remarkable vaccination coverage of Mongolians during the pandemic, with 90% of the target group receiving at least the first dose. This helped us end COVID-19 restrictions in February 2022, and ensured that our mortality rate was five times lower than in other countries. We are delighted that Dr Ghebreyesus has been able to attend this year’s MEF.

A key part of our ‘Vision 2050’ plan is fostering a culture of well-being. Since May 2022, the Government has run a campaign to encourage take-up of early screening and diagnosis services, a key milestone in encouraging the proactive management of our people’s healthcare. I am delighted that 1 million citizens have taken part in this initiative so far.

Two announcements of significant new investment in Mongolia have also been made over recent days, underlining the benefits being delivered by the Government’s pro-growth agenda:

  • The Government of Mongolia has entered into an unprecedented alliance with SpaceX, enabling millions of internet users in Mongolia to access high-speed internet through Starlink, particularly benefiting people in rural areas and supporting Mongolia’s digital transformation
  • The Government of Mongolia has also forged new strategic alliances with technology company What3Words, supporting the use of Optical Character Recognition technology to streamline postal services, and enabling the increased visibility of Mongolia’s heritage sites and key tourism spots

The Prime Minister of Mongolia, Oyun-Erdene Luvsannamsrai, comments:

“I am delighted to welcome guests from around the world to the tenth Mongolia Economic Forum to discuss how we can work in partnership to unlock the economic potential of Mongolia – currently one of the fastest growing economies in the world.

“This follows two major announcements of additional investment in Mongolia, and the commencement of underground production at the Oyu Tolgoi copper mine with Rio Tinto in March, demonstrating Mongolia’s growing attractiveness to international investors.

“Our impressive recovery from the pandemic, supported by the Government’s New Recovery Policy, provides a strong foundation for tackling long-term barriers to sustained high levels of growth. I welcome the opportunity that the Forum provides to discuss how greater collaboration can help us make even more progress in the years ahead.”

This year’s MEF, the tenth since the inaugural Forum in 2010, is being co-hosted by the Prime Minister of Mongolia, Oyun-Erdene Luvsannamsrai, and the Chairman of the Board of Directors of Rio Tinto Group, Dominic Barton, under the theme of ‘Welcome to Mongolia‘, emphasising the Government’s commitment to offering a warm welcome to visitors to the country whether they’re travelling for business or tourism. In his own keynote address to the Forum this morning, Mr Barton emphasised that the vision, ambition, resource, and talent that Mongolians have can achieve anything, adding that the strong economic conditions of a decade ago had returned to the country.

Highlights of this year’s MEF include:

  • A dedicated ‘MEF Youth’ event, exploring how the talent and potential of the majority of Mongolia’s population who are under thirty years old can be harnessed to help the country benefit from the technological and economic advances of the 21st century
  • Following the Government’s declaration of 2023 as the ‘Year of Anti-Corruption’, a series of events focused on convening experts from key international organisations to discuss how progress to date in this area can be built upon and Mongolia can learn from best practice around the world. This follows the number of cases referred to the courts by the anti-corruption agency that are resolved having risen from 26% in 2019 to 43% in 2022
  • Earlier today, the Ministry of Environment and Tourism and leading global environmental organisation The Nature Conservancy announced at MEF the launch later this month of a Conservation Trust Fund (CTF). By establishing a more sustainable system for the financing of conservation projects in Mongolia, the CTF will help Mongolia achieve its sustainable development and climate change goals
  • Four plenary sessions and fifteen sub-sessions on topics as varied as the digital economy, food manufacturing, sustainable growth, urban development and capital markets, are being held

A number of Government Ministers are available for media interviews, including in English. 

PR Newswire

CJ Logistics and Korea Ocean Business Corporation to Invest up to $457 Million in Creating Large-scale Logistics Centers in the US

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  • Large-scale logistics centers will be built in strategic logistics and distribution hubs, including Chicago and New Jersey.
  • CJ Logistics will provide the land for these centers, which collectively cover an area equal to 50 soccer fields, while KOBC will secure the necessary funding for the construction.
  • The logistics centers are expected to serve as strategic hubs, facilitating import and export transloading as part of global, end-to-end supply chain solutions, and as an export forward base for South Korean companies to North America.
  • The project is a first-of-its-kind public-private collaboration designed to expand the CJ Logistics North America supply chain.
  • CJ Logistics is expanding and optimizing its operations model to meet local demand and respond to the needs of consumer goods and industrial materials markets.

DES PLAINES, Ill., June 28, 2023 /PRNewswire/ — CJ Logistics, a leading innovative supply chain and technology company in South Korea, has announced a strategic partnership with the Korea Ocean Business Corporation (KOBC) to construct large-scale logistics centers in the United States through a public-private collaboration. With a total investment of approximately $457 million (KRW 600 billion), these logistics centers will prioritize handling the import and export cargo of global and South Korean companies, facilitating their overseas expansion and trade activation. Additionally, this initiative aims to strengthen the economic alliance between the U.S. and South Korea by fostering local investment and job creation.

(From front left) CJ Logistics America COO Ken Heller, CJ Logistics America CEO Kevin Coleman, CJ Logistics Global Business Unit CEO Byoung-ku Kang, CJ Logistics CEO Sin-ho Kang, Korea Ocean Business Corporation Chairman & CEO Yang-Soo Kim, Consulate General of the Republic of Korea in Chicago Deputy Consul General Hyung-In Gee, Consulate General of the Republic of Korea in Chicago Consul Insu Kim, KOTRA Chicago Director Hosung 'Boston' Sohn are taking a picture at the event.
(From front left) CJ Logistics America COO Ken Heller, CJ Logistics America CEO Kevin Coleman, CJ Logistics Global Business Unit CEO Byoung-ku Kang, CJ Logistics CEO Sin-ho Kang, Korea Ocean Business Corporation Chairman & CEO Yang-Soo Kim, Consulate General of the Republic of Korea in Chicago Deputy Consul General Hyung-In Gee, Consulate General of the Republic of Korea in Chicago Consul Insu Kim, KOTRA Chicago Director Hosung ‘Boston’ Sohn are taking a picture at the event.

The first-of-its-kind public-private partnership between CJ Logistics and KOBC, a South Korean government entity, will increase South Korean investment in the U.S. and create new jobs for Americans.

The venture, known as the “North American Project,” entails the construction of large-scale logistics centers across three sites owned by CJ Logistics America, located in key logistics and distribution hubs such as Chicago and New Jersey, totaling 3,875,000 square feet. These sites collectively span an area equivalent to 50 international standard soccer fields. While CJ Logistics plans to contribute the land, KOBC will secure funding for the construction of the logistics centers.

CJ Logistics will assume responsibility for the operation of these three logistics centers, with a primary focus on handling the import and export cargo of global and South Korean companies and e-commerce sellers, thereby supporting their market entry into the U.S. The investment commitment agreement is expected to be signed within the third quarter of this year, and construction is scheduled to commence in the first quarter of next year, with a phased completion targeted from the first half of 2026 to 2027.

In a ceremony held on June 19, Sin-ho Kang, CEO of CJ Logistics, and Yang-soo Kim, CEO of KOBC, signed an agreement to implement this project at CJ Logistics America’s office in Des Plaines, Illinois. Following the agreement, the two CEOs and executives of CJ Logistics and KOBC visited the planned site for the logistics center.

CJ Logistics and KOBC have also committed to active cooperation not only on this project but also on investments in logistics infrastructure in the U.S. and other countries to enhance the global logistics competitiveness of CJ Logistics and South Korea.

Strategically located in three major U.S. cities or logistics hubs, CJ Logistics’ sites offer significant advantages. Elwood, Illinois, adjacent to the terminals of BNSF and Union Pacific, the largest freight railroad companies in the US, provides efficient transportation and delivery nationwide within one to two days via road and rail networks. Des Plaines, Illinois, is located near Chicago, one of the three largest cities in the U.S. and major consumer markets, as well as O’Hare International Airport, the largest freight airport in the country. Secaucus, New Jersey, situated near New York Harbor, JFK Airport, and New York City, offers access to another major consumer market.

With the development of these strategic hubs, CJ Logistics is optimizing its global logistics model to meet customer needs for integrated, end-to-end supply chain solutions. It will generate synergy by connecting the newly constructed logistics centers with its existing network of 57 operational logistics centers across the US. This connection will act as a catalyst for innovative growth in the business conducted in the US.

Moreover, with the vision of leading the global logistics industry with world-class technology, CJ Logistics will continue to accelerate and introduce advanced technologies such as automation, big data and AI, leveraging its TES (Technology, Engineering, Systems & Solutions) applications which have been successfully developed in South Korea, and are underway in North America. The company plans to enhance efficiency through the implementation of Autonomous Mobile Robots (AMR), Autonomous Fork Lifts (AFL), and smart packaging systems.

The North America Project holds significant meaning as it represents a joint effort between a government entity and a private enterprise to support South Korean companies’ entry into the US, the world’s leading economic market, and raise their global competitiveness.

While South Korean companies have made recent investments in various sectors such as electric vehicles, batteries, and semiconductors in the U.S., this collaboration between the public and private sectors is notable as the first of its kind. The project is projected to generate an investment of approximately $457 million and create 500 permanent jobs, along with additional employment opportunities, contributing to the strengthening of the U.S.-Korea economic alliance.

Commenting on the project, Mr. Kang, CEO of CJ Logistics, said, “We are committed to supporting our North America customer base, South Korean companies and e-commerce sellers as they enter the U.S. market. By utilizing our cutting-edge logistics infrastructure and operational capabilities, we aim to increase customer value, serve as a strategic partner to our customers who can benefit from global and multimodal solutions, and expand the ‘K-Wave’ into the business sector.”

Mr. Kim, CEO of KOBC, added, “The construction of logistics hubs in the U.S. will enhance the competitiveness of South Korea’s global supply chain and create value-added supply chain services through integration with maritime logistics.” He further emphasized, “We will continue to explore opportunities to enhance global logistics competitiveness by leveraging the resources, capabilities, and expertise of both sides.”

In the first quarter of this year, South Korea’s exports to the U.S. recorded $28.6 billion, a 3.5% increase compared to the same period last year. The U.S. ranked as South Korea’s largest trade surplus country during this period, with a trade surplus of $7.2 billion. E-commerce exports to the U.S. also saw significant growth, reaching $323 million in the previous year, a 23.8% increase compared to the previous year, according to the Korea Trade Statistics Promotion Institute.

CJ Logistics

CJ Logistics provides integrated global supply chain services, maximizing customer value through continuous improvement and innovation. Currently, CJ Logistics operates technology-driven logistics businesses at 280 bases in 40 countries around the world. With a focus on social responsibility and sustainability through growth with customers and communities, CJ Logistics prioritizes the well-being of the end consumer. CJ Logistics offers an integrated, one-stop SCM service platform with air and sea international freight forwarding, warehousing and transportation contract logistics, asset-based trucking, parcel and express delivery, and supply chain consulting. As a lead logistics partner (LLP), third-party logistics provider (3PL) and supply chain consultant, CJ Logistics helps customers leverage supply chain management as a competitive advantage, reducing total system costs, transforming business processes, improving service and facilitating growth and change. CJ Logistics America, a division of CJ Logistics, is responsible for leading warehousing, transportation and freight forwarding operations across the North America region, specializing in solutions for regulated industries such as food and beverage, consumer packaged goods, healthcare and medical supplies, and tire and automotive. cjlogisticsamerica.com

CJ Logistics plans to build three large logistics centers in Illinois and New Jersey. A large distribution center in Elwood, Illinois. (Bird's eye view)
CJ Logistics plans to build three large logistics centers in Illinois and New Jersey. A large distribution center in Elwood, Illinois. (Bird’s eye view)

PR Newswire

Hyundai Motor Joins Forces with Culture Convenience Club to Provide Personalized Zero-Emission Vehicle Lifestyle

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  • The partnership to propose new lifestyle that combines zero-emission-vehicle (ZEV) mobility and cultural content in Japan by collaborating on new concept mobility service, data-driven marketing and global experience platform development
  • Based on their shared people-centric vision, Hyundai Motor and CCC aim to bring innovative customer experiences and foster a sustainable society
  • The two companies expect to enhance customer value based on their highly sophisticated data-driven partnership in the era of hyper-personalization

TOKYO and SEOUL, South Korea, June 22, 2023 /PRNewswire/ — Hyundai Motor Company, Hyundai Mobility Japan and lifestyle content company Culture Convenience Club (CCC) today signed a memorandum of understanding (MOU) to co-create sustainable lifestyle services for the zero-emission-vehicle (ZEV) era.

Jaehoon Chang, President and CEO of Hyundai Motor Company
Jaehoon Chang, President and CEO of Hyundai Motor Company

The partnership aims to further facilitate Hyundai Motor’s efforts to satisfy Japanese customers with zero-emission vehicles and online sales since its re-entry into the market in February 2022. With the accelerated transition to electrification, Hyundai Motor and CCC’s strategic partnership aims to expand the new mobility lifestyle in Japan and beyond to global markets.

“Through this collaboration, we expect to create new opportunities through various endeavors,” said Chang, President and CEO of Hyundai Motor Company. “In particular, CCC, which plans new lifestyles by thoroughly analyzing customers’ preferences, and Hyundai Motor’s ZEV culture will work together to build a differentiated Hyundai brand image.”

Hyundai Motor and CCC share people-centric ideas embedded in their brand concepts and missions. In the new era that requires economic, social and environmental sustainability, the two companies have decided to collaborate on promoting a ‘new lifestyle through ZEV’ in Japan and then expand the program globally. Through this collaboration, both companies will promote specific ZEV lifestyle proposals based on their shared value of fostering a sustainable society.

“As a lifestyle content company, CCC has contributed to the creation of diverse lifestyles in Japan. With the current changes in the global environment and the significant changes in people’s life values, the concept of sustainability has begun to penetrate car life as well,” said Takahashi, President and COO of CCC. “This partnership is in line with Hyundai’s vision and values, and we hope to propose a new ZEV lifestyle to our customers, promote their wellness and lead social action for zero emissions on a global scale.”

More information about Hyundai Motor and its products can be found at:

http://worldwide.hyundai.com or http://globalpr.hyundai.com

(from left) Jaehoon Chang, President and CEO of Hyundai Motor Company / Yasunori Takahashi, President and Chief Operating Officer (COO) of CCC
(from left) Jaehoon Chang, President and CEO of Hyundai Motor Company / Yasunori Takahashi, President and Chief Operating Officer (COO) of CCC

Hyundai Motor Joins Forces with Culture Convenience Club to Provide Personalized Zero-Emission Vehicle Lifestyle
Hyundai Motor Joins Forces with Culture Convenience Club to Provide Personalized Zero-Emission Vehicle Lifestyle

PR Newswire

EV Group and Dymek Company Form Joint Venture Company in Malaysia to Enhance Regional Customer Support

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ST. FLORIAN, Austria and HONG KONG, May 23, 2023 /PRNewswire/ — EV Group (EVG), a leading supplier of wafer bonding and lithography equipment for the MEMS, nanotechnology and semiconductor markets, and Dymek Company, an advanced equipment distributor for the semiconductor, biomedical, data storage, photovoltaic and aerospace industries, today announced that they have established a new joint venture company in Malaysia.

The new company, called EV Group Malaysia Dymek Sdn. Bhd., will be charged with managing EVG’s customer support operations in Malaysia. Hermann Waltl, executive sales and customer support director and member of the executive board at EVG, will serve as director of the new joint venture, and Sean Lim from Dymek will serve as managing director of the new joint venture.

EV Group Malaysia Dymek is located at 70-3-31, D’Piazza Mall, Jalan Mahsuri, 11900 Bayan Lepas, Penang, Malaysia.

Working closely with EVG’s headquarters, EV Group Malaysia Dymek will be responsible for numerous key regional customer support activities, including equipment installation, technical service and support, spare parts management and supply, and process development support. The company will be fully operational in July 2023.

“Malaysia has been an important center for semiconductor and microelectronics packaging, test and assembly for several decades. As global investments from leading chip manufacturers and outsourced semiconductor assembly and test companies in the region continue to ramp up, it is vital that EVG strengthen its customer support infrastructure here as well,” stated Hermann Waltl. “Dymek has been a key strategic partner for EVG in several countries in Asia already for many years, and we look forward to partnering with them to enhance our customer support in Malaysia as well.”

“This strategic move by EV Group to establish a more direct presence in Malaysia will be well-received by the semiconductor and microelectronics industries of Southeast Asia. Companies here already recognize EVG as a market and technology leader in semiconductor process equipment, and now knowing they can receive local support from local engineers will only further increase their confidence and trust in EVG,” stated Stanley Lam, managing director, Asia Pacific, at Dymek Company. “We are pleased to be working closely with EVG to grow and enhance their customer support infrastructure in Malaysia and across Southeast Asia.”

See EVG at SEMICON Southeast Asia
EVG is a sponsor and program speaker at SEMICON Southeast Asia, taking place May 23-25 at the Setia SPICE Convention Centre in Penang, Malaysia. Attendees interested in learning more about EVG’s latest developments in heterogeneous integration are welcome to attend the Advanced Packaging Forum on Wednesday, May 24 at 15:00 to see Dr. Thorsten Matthias, regional sales director Asia-Pacific for EVG, present on state of the art and upcoming requirements in wafer-to-wafer and die-to-wafer hybrid bonding.

About Dymek Company
Dymek Company Ltd was established in 1989 and is an advanced equipment distributor to leading manufacturers and innovative R&D facilities in the Aerospace, Biomedical, Semiconductor, Data Storage, and Photovoltaic industries. In the early 2000s, Dymek expanded from our headquarters in Hong Kong throughout Southeast Asia and China in order to meet the diverse needs of our customers. In today’s globalized marketplace, it is standard for our customers to have integrated supply chains that link countries across Asia Pacific, and our expert staff is prepared to meet them wherever they are and connect them with industry-leading equipment from around the world. More information about Dymek is available at www.dymek.com.

About EV Group (EVG)
EV Group (EVG) is a leading supplier of equipment and process solutions for the manufacture of semiconductors, microelectromechanical systems (MEMS), compound semiconductors, power devices and nanotechnology devices. Key products include wafer bonding, thin-wafer processing, lithography/nanoimprint lithography (NIL) and metrology equipment, as well as photoresist coaters, cleaners and inspection systems. Founded in 1980, EV Group services and supports an elaborate network of global customers and partners all over the world. More information about EVG is available at www.EVGroup.com.

Dymek Contact:
Dow Wang
Marketing Manager
Dymek Company Ltd
Tel: +60 4 641 5536
E-mail: marketing@dymek.com

EV Group Contacts:

Clemens Schütte 

David Moreno

Director, Marketing and Communications

Principal

EV Group

Open Sky Communications

Tel: +43 7712 5311 0 

Tel: +1.415.519.3915

E-mail: Marketing@EVGroup.com 

E-mail: dmoreno@openskypr.com 
PR Newswire

Vectorworks and Solibri Inside Integration to Save Architects Time and Money

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New, SaaS-Based Solution from Solibri Provides In-Design Model Checking for Vectorworks Users.

COLUMBIA, MD., Jan. 23, 2023 /PRNewswire/ — Global design and BIM software provider Vectorworks, Inc. has partnered with fellow Nemetschek Group brand Solibri to offer users a new way to deliver quality designs confidently. With Solibri Inside, you can validate, report and modify design errors in an easy-to-use model checker directly inside Vectorworks. Created with designers’ needs in mind, the new feature helps to reduce risk with fewer errors and improves efficiency with fewer file exchanges, saving architects, their consultants and clients valuable time and money.

“Quality assurance is a critical component of BIM, but many architecture firms have historically lacked a robust way to accurately and efficiently check their models,” said Vectorworks CEO Dr. Biplab Sarkar. “We’re proud to alleviate this pain point for our users in collaboration with Solibri through this integrated, flexible and time-saving solution. Solibri Inside provides automatic rule-based checking in a convenient application, so architects can confidently deliver high-quality, precise designs every time.”

This innovative feature now works within the latest version, Vectorworks 2023 Service Pack 3, eliminating the need for users to open another software platform to perform basic model checking. Users can ensure their BIM models comply with building regulations, national and international standards or a specific project’s BIM requirements seamlessly before sharing with other project stakeholders within their workflow.

“Today sees another step towards ‘better BIM,'” said Solibri CEO Ville Kyytsönen. “Solibri’s mission is to improve the quality of digital construction. BIM is essential in this mission – it is the ‘single source of truth.’ Solibri is improving the quality of models by bringing quality checking as part of the model authoring process. With Solibri Inside, we improve the process by enabling more QA early in the process before coordination takes place.”

Vectorworks users can install the plug-in now through the Partner Installation Palette. The first release of Solibri Inside comes with a free standard package for checking door and window clearances and the supporting Level of Information (LOI) in your Vectorworks building information model. Users can unlock additional features by registering a Solibri Inside account. With a Solibri Inside account, users can add Premium paid packages, giving users the ability to create customized rule checks to meet their project’s BIM requirements.

For more information on utilizing Solibri Inside within Vectorworks, visit www.solibri.com/inside.

About Vectorworks, Inc.

Vectorworks, Inc. is an award-winning design and BIM software provider serving the architecture, landscape architecture and entertainment industries in 85 countries. Built with designers in mind since 1985, Vectorworks software offers you the freedom to follow your imagination wherever it leads you. Globally more than 685,000 users are creating, connecting and influencing the next generation of design with Vectorworks on Mac and Windows. Headquartered in Columbia, Maryland, with offices in the UK, Canada and Australia, Vectorworks is a part of the Nemetschek Group. Learn how you can design without limits at vectorworks.net or follow @Vectorworks.