TVS Motor Company, BMW Motorrad Mark A Decade Of Strategic Partnership

KUALA LUMPUR, Aug 17 (Bernama) -- TVS Motor Company and BMW Motorrad celebrate 10 glorious years of their long and strategic partnership, which is hailed as an exemplary alliance in the two-wheeler industry.

Spanning over product development, design, technology, knowledge sharing and developing common platforms for both global customers, the strategic partnership between the companies have achieved a series of milestones globally.

“TVS Motor’s decade long relationship with BMW Motorrad is a testament of our common values on innovation, quality, customer delight, engineering prowess, and focus on delivering globally aspirational products.

“We look forward to working closely on developing platforms targeted towards the global urban centric markets and the uber-cool next generation of consumers,” said TVS Motor Company, Director & Chief Executive Officer, KN Radhakrishnan in a statement.

Meanwhile, Head of BMW Motorrad, Dr Markus Schramm said: “The extension and expansion of this partnership towards future technologies and sustainable mobility solutions including the unique and fully electric masterpiece BMW CE 02 is therefore a consistent step to also shape the future together with TVS Motor Company.”

In April 2013, TVS Motor and BMW Motorrad signed a long-term strategic partnership to manufacture sub-500cc motorcycles for global markets, in which the collaboration has resulted in the development of four products on the 310cc platform.

With over 140,000 customers, the motorcycles under this partnership are well accepted across leading markets including the European Union (EU), the United States (US), Latin America, Japan, China and India.

The success of this cooperation has been the steppingstone for extending and expanding the partnership by the two companies in December 2021. In line with this, TVS Motor and BMW Motorrad are jointly developing new platforms and future technologies, including electric vehicles.

Furthermore, as part of this extended association, TVS Motor’s scope includes the design and development of future BMW Motorrad products, delivering world-class quality, supply chain management and industrialisation.

-- BERNAMA

NIPPON EXPRESS (IRELAND) OPENS NEW WAREHOUSE IN DUBLIN, BEGINNING OPERATIONS JULY 1

TOKYO, Aug. 16, 2023 /Kyodo JBN-AsiaNet/ --

Nippon Express (Ireland) Ltd. (hereafter "NX Ireland"), a group company of NIPPON EXPRESS HOLDINGS, INC., has established a new warehouse, "Contract Logistics Center," in Dublin city, beginning its operations on July 1.   Logo: https://kyodonewsprwire.jp/img/202308097926-O1-X51Q0SoK   Photo: Warehouse exterior https://cdn.kyodonewsprwire.jp/prwfile/ release/M103866/202308097926/_prw_PI2fl_H02h4ZHW.jpg     Ireland is one of the world's leading pharmaceutical exporters and one of the countries with remarkable growth in the pharmaceutical field. It is also expected to grow in technology industries such as semiconductors and information and communication technologies, and many international companies have bases in Ireland for research and development and production. From this background, demand is expected for advanced logistics facilities capable of offering features such as temperature control.   The new "Contract Logistics Center" established by NX Ireland is located about 3 km from Dublin Airport and about 12 km from Dublin Port, which is suitable for both air and sea transportation. NX Ireland has installed a clean room equipped with environmental requirements (temperature/humidity/dust/electrostatic management) necessary for handling semiconductors and electronic components. Additionally, the facility is equipped to handle the storage and transportation of pharmaceuticals. The company offers high-quality services to customers in the pharmaceutical and semiconductor-related industries.   The Nippon Express Group aims to expand logistics services in Europe through the establishment of the new warehouse and to contribute to further development of customer business activities by expanding logistics functions globally.   Profile of new warehouse -Name: Contract Logistics Center, Nippon Express (Ireland) Ltd. -Address: Unit 23, Cedar Drive, Dublin AirPort Logistics Park, Dublin, K67 R2H7, Co. Dublin, Republic of Ireland -Total floor area: 4,768 m2 (51,319 ft2) (Temperature-controlled, nitrogen purging warehouse 2,509 m2 (27,007 ft2) / Pharma rooms +2/+25 C & semiconductor cleanroom facility 651 m2 (7,007 ft2)) -Key facilities: Full air conditioning management, surveillance cameras, customs bonded areas, full sprinkler system covering all areas, nitrogen purging facility and also external charging points for climate containers, truck dock leveler bays x 5 and two large loading bay ramps. Next to Dublin Port inner terminal and close proximity of Dublin Airport cargo terminal. -Start of operations: July 1, 2023   Nippon Express website: https://www.nipponexpress.com/   Nippon Express Group's official LinkedIn account: https://www.linkedin.com/company/nippon-express-group/     Source: NIPPON EXPRESS HOLDINGS, INC.   http://mrem.bernama.com/viewsm.php?idm=46779

EXP REALTY SURPASSES 1,000 AGENTS IN SOUTH AFRICA

KUALA LUMPUR, Aug 14 (Bernama) -- eXp Realty, the core subsidiary of eXp World Holdings Inc, announced it has exceeded 1,000 agents across South Africa, representing an over 74 per cent increase from the 574 total agent count in July 2022.

“Our attractive and continuously evolving agent-centric value proposition continues to resonate with agents from around the world and we are so thrilled to be home to over 1,000 real estate professionals in South Africa,” said eXp Realty Chief Growth Officer, Michael Valdes in a statement.

Meanwhile, eXp Realty South Africa Director and Country Leader, Andrew Thompson said eXp South Africa has had more transactions in the first six months of this year compared to last year.

“eXp South Africa has realised a cash-flow positive, debt-free and profitable operation in its first 15 months since receiving its licence via the Property Practitioners Regulatory Authority back in December 2020.

“Since its inception, eXp has remained committed to putting agents first to equip them with the knowledge and tools necessary to reach their full potential. I am so proud to be able to lead such an incredible group of agents through this expansion and beyond,” he added.

The largest independent real estate company in the world, eXp Realty has more than 88,000 agents and continues to scale internationally.

Meantime, eXp World Holdings provides real estate professionals the unique opportunity to earn equity awards for production goals and contributions to overall company growth.

-- BERNAMA

US Steel Commences Strategic Alternatives Process

KUALA LUMPUR, Aug 14 (Bernama) -- United States Steel Corporation (US Steel) announced its Board of Directors has decided to initiate a formal review process, with the assistance of outside financial and legal advisors, to evaluate strategic alternatives for the company.

According to US Steel in a statement, the Board of Directors and management team are committed to acting in the best interests of the company, its stockholders and its stakeholders.

“US Steel’s Board and management team are committed to maximising value for our stockholders, and to that end, we have commenced a comprehensive and thorough review of strategic alternatives,” said its President, Chief Executive Officer and member of the Board of Directors, David B. Burritt.

He added this decision was as a result of the company receiving multiple unsolicited proposals that ranged from the acquisition of certain production assets to consideration for the whole company.

“The Board is taking a measured approach to considering these proposals, including seeking more information in order to evaluate proposals that are preliminary and subject to ongoing due diligence and review,” he said.

US Steel has made significant progress transforming the company into a customer-centric, world-competitive Best for All steelmaker as it continues to win in strategic markets, move down the cost curve and move up the talent curve.

Founded in 1901, US Steel is a leading steel producer headquartered in Pittsburgh, Pennsylvania, with world-class operations across the US and in Central Europe.

-- BERNAMA

LOUIS BIDMEAD JOINS BERKSHIRE HATHAWAY SPECIALTY INSURANCE

KUALA LUMPUR, Aug 7 (Bernama) -- Berkshire Hathaway Specialty Insurance (BHSI) announced it has named Louis Bidmead as Head of Transactional Liability Insurance for Asia and the Middle East.

In this role, Bidmead will work with BHSI’s global transactional liability team to provide its comprehensive line of coverages to manage the risks of mergers, acquisitions and other corporate transactions.

Based in Singapore, he will report to the company’s Head of Executive & Professional Liability for Asia, Scotland Walsh-Riddle, according to BHSI in a statement.

“BHSI continues to expand our transactional liability portfolio in Singapore and throughout Asia and the Middle East. Louis has extensive knowledge of the intricacies of M&A transactions, and I am excited to have him leading our team as we deliver tailored and timely solutions for customers,” said Walsh-Riddle.

Bidmead comes to BHSI with 14 years of experience as both a lawyer specialising in mergers and acquisitions transactions and corporate advisory at major law firms and as a senior underwriter, providing warranty & indemnity insurance solutions at a global insurer.

Incorporated in Nebraska, the United States, BHSI provides commercial property, casualty, healthcare professional liability, executive and professional lines, transactional liability, surety, marine, travel, programmes, accident and health, medical stop loss, homeowners and multinational insurance.

-- BERNAMA

Stephanie Wilkinson Joins Simpro As Chief Revenue Officer

KUALA LUMPUR, Aug 2 (Bernama) -- Simpro, the total business management software for commercial and residential trade service businesses, announced Stephanie Wilkinson will join the team as its new Chief Revenue Officer.

According to Simpro in a statement, this strategic addition comes as part of the company’s commitment to drive growth while scaling and unifying its business operations.

“Stephanie’s experience and proven leadership in sales, support and customer success will be a strong addition to our team and I am thrilled to welcome her to Simpro.

“With her leadership, we are confident in our ability to accelerate our growth, expand our market presence and deliver exceptional value to our customers,” said Simpro Chief Executive Officer, Gary Specter.

Meanwhile, Wilkinson said: “I am honoured to join Simpro at such a pivotal time in their growth journey. This is an exciting time for the company, and I look forward to collaborating with the team to further accelerate Simpro’s global growth and customer success.”

With more than 26 years in the software technology industry, Wilkinson brings a unique perspective of technical expertise and strategic acumen to the role.

Prior to joining Simpro, she held executive positions at several technology companies including IBM Software Group and Magento, and most recently served as the Vice President of Growth Sales and Customer Success for Adobe’s Digital Experience business.

Wilkinson holds a degree in Mechanical Engineering from the University of Arizona and is currently an advisory board member for the Technology & Services Industry Association.

-- BERNAMA

RAYVATEK USES SLM SOLUTIONS' TECHNOLOGY TO ACHIEVE DEVELOPMENT IN AEROSPACE PRODUCTS

KUALA LUMPUR, Aug 1 (Bernama) -- Rayvatek has collaborated with SLM Solutions, the industrial metal 3D printing machines provider, in developing aerospace materials solutions to overcome technical constraints associated with traditional manufacturing methods, and deliver high-performance products with lower cost and greater efficiency.

The aerospace industry was one of the earliest to adopt 3D printing technology and continues to be one of the fastest-growing fields for the application of 3D printing globally.

It is also a key focus sector for SLM Solutions as its metal 3D printing technology is ideally suited to producing materials that meet the strict requirements of aircraft engine manufacturers for metallurgical and mechanical performance, enabling efficient manufacturing processes, superior product quality, and lower production costs.

In a statement, Rayvatek emphasised the value of SLM Solutions technology in developing high-performance products and overcoming common pain points in aerospace materials manufacturing.

In addition, 3D printing technology helps to overcome other constraints associated with traditional manufacturing methods, therefore by using the SLM280 3D printer, Rayvatek is able to manufacture injectors of different sizes via a single manufacturing process.

The SLM280 can fabricate hollow parts for impellers, reducing the weight and the moment of inertia of the product, thereby improving efficiency and reducing energy consumption.

It also help Rayvatek to improve quality control and follow-up testing in the production process, and greatly shorten processing time to achieve cost reduction and efficiency increase.

Rayvatek is an innovative metal additive manufacturing technology and service company, with a presence across Asia Pacific.

-- BERNAMA