Day: December 8, 2021

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Xinhua Silk Road: China’s Yuxi benefits from China-Laos Railway, strives to build int’l logistics hub

BEIJING, Dec. 8, 2021 /PRNewswire/ — With the China-Laos Railway recently started operation, the city of Yuxi in southwest China’s Yunnan Province, as an important city along the route, is expected to forge itself into an international logistics hub.

The China-Laos Railway runs 1,035 km, including 422 km in Laos, from the city of Kunming, capital city of Yunnan Province, to Lao capital Vientiane, slashing the travel time between the two cities to about 10 hours. The railway has five stops in Yuxi, including Yuxi, Yanhe, Eshan, Huanian and Yuanjiang.

As the China-Laos Railway starting operation, Yuxi will expand its logistics services along with other industries from the Yanhe and the South freight train stations. This will further promote the construction of the city as an international logistics port providing nationwide services with extension to South and Southeast Asia.

Located in the middle part of Yunnan, Yuxi is not only a crucial transport center, but also a home to the province’s tobacco, vegetables, fruits and flowers production, a gathering area for the industries of cigarette, mining and metallurgy, equipment manufacturing and biological medicine, as well as the pilot zone for digital economy.

The city’s continuous effort in developing modern industrial system has also contributed to the boost of its logistics industry. In the year 2020, Yuxi’s freight volume reached 160 million tons, with its logistics industry making 63.2 billion yuan in annual income.

See the original link: https://en.imsilkroad.com/p/325211.html

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Nikkiso Cryogenic Services Announces Soletec Group (Qatar) As Authorized Representative & Service Partner

TEMECULA, Calif., Dec. 07, 2021 (GLOBE NEWSWIRE) — Nikkiso Cryogenic Industries’ Clean Energy & Industrial Gases Group (“Group”), a subsidiary of Nikkiso Co., Ltd (Japan), is proud to announce that Soletec Group (Soletec) has become the Authorized Representative and Service Partner for Nikkiso Cryogenic Services (NCS) in Qatar.

With the growth of the Middle East market, this association has allowed the Group to extend their regional presence for the industrial gases, hydrogen, marine, natural gas processing and petrochemical industries. Since July 1, 2021, Soletec has been able to provide aftermarket service and support to the local customers and shipyards with service and support of pumps, turbo expanders and process plants, including packaging, repairs, spare parts and field service.

Based in Doha, Qatar, Soletec will support Nikkiso Clean Energy & Industrial Gases Group in establishing a strong long service operations to support all our existing customers.

“The newly formed partnership with Nikkiso Clean Energy & Industrial Gases Group and Soletec gives us a stronger presence in Qatar and strengthens our ability to better serve our key customers,” according to Jim Estes, President, Nikkiso Cryogenic Services. “I am looking forward to continuing to provide Nikkiso’s customers top quality service and support by eliminating costly downtime to their operations and processes.”

Soletec Group has been providing services to the Oil and Gas industry for more than 50 years. As a leading provider of design, engineering and production services across the upstream, midstream and downstream supply chain, Soletec Group has established long-term relationships with some of the world’s most important oil and gas companies.

ABOUT CRYOGENIC INDUSTRIES
Cryogenic Industries, Inc. (now a member of Nikkiso Co., Ltd.) member companies manufacture engineered cryogenic gas processing equipment and small-scale process plants for the liquefied natural gas (LNG), well services and industrial gas industries. Founded over 50 years ago, Cryogenic Industries is the parent company of ACD, Cosmodyne and Cryoquip and a commonly controlled group of approximately 20 operating entities.

For more information, please visit www.nikkisoCEIG.com and www.nikkiso.com.

MEDIA CONTACT:
Anna Quigley
+1.951.383.3314
aquigley@cryoind.com

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Panduit Board Names Shannon McDaniel as Next CEO

Dennis Renaud to retire effective December 31, 2021

Tinley Park, Illinois, Dec. 07, 2021 (GLOBE NEWSWIRE) — Panduit announced today that its Board of Directors has appointed Shannon McDaniel as its next Chief Executive Officer (CEO) and President effective January 1, 2022. McDaniel, who currently serves as the company’s chief financial officer, will succeed current CEO and President Dennis Renaud, who will retire at the end of 2021.

“As a results-focused leader, Shannon brings his collaborative mindset to the role, drawing from his commercial and financial background, while leveraging the power of Panduit to move the company forward,” said Panduit Executive Chair Andrew Caveney. “Shannon has also built the trust of our employees, and the Board is confident that he will apply his deep industry knowledge and keen business acumen to lead Panduit.”

Caveney added that McDaniel is taking over the role of CEO at an ideal time. “Our long-term investment horizon, outstanding employees, and agile business processes have allowed us to build business momentum through the downturn,” he explained. “The digital economy, the drive for zero carbon emissions, and electrification trends are having a profound impact on our markets. Panduit is well positioned to apply our problem-solving mindset to solve technical challenges as new technologies transform our data center, enterprise, and industrial businesses.”

“I am thrilled for the opportunity to serve as Panduit’s CEO and lead the company into its next phase of growth,” said McDaniel. “We have a great strategy, an incredibly talented and dedicated workforce, and an innovative culture that is continually looking to create value for our customers. I am very excited about our future and the opportunities in front of us.”

McDaniel has served in a variety of leadership positions over his 30-year career. Prior to joining Panduit as CFO, he excelled in global financial leadership roles during his 14 years with Eaton Corporation, including serving as the company’s Director of Finance for its EMEA electrical business and Vice President of Finance for the Americas systems and services group. McDaniel holds a Bachelor of Science in Accounting from Northern Illinois University in DeKalb, Ill.

Following his planned retirement, Renaud will continue supporting the transition in an advisory capacity through the first quarter of 2022.

“It has been my distinct personal and professional honor to serve Panduit for 10 years – the last four as CEO.  Panduit’s unrivaled legacy of innovation, quality, service, and continuous improvement has fueled our business growth,” said Renaud. “I’m proud of how Panduit’s people embodied togetherness, inclusion, change, and a drive for innovative excellence throughout my tenure. The company is in experienced and capable hands with Shannon, the leadership team, and our outstanding employees.”

“I thank Dennis for his contribution to the success of Panduit. Throughout his career, he has challenged our team to be focused and to always be innovating,” said Caveney. “He has had a profound impact on our culture, from his passionate support of our diversity and inclusion program to his drive for use of 80/20 principles. Dennis has also displayed tremendous leadership during these unprecedented times, putting our employees and customers first and operating with transparency.”

About Panduit

Since 1955, Panduit’s culture of curiosity and passion for problem solving have enabled more meaningful connections between companies’ business goals and their marketplace success. Panduit creates leading-edge physical, electrical, and network infrastructure solutions for enterprise-wide environments, from the data center to the telecom room, from the desktop to the plant floor. Headquartered in Tinley Park, Ill., USA and operating in 112 global locations, Panduit’s proven reputation for quality and technology leadership, coupled with a robust partner ecosystem, help support, sustain, and empower business growth in a connected world. For more information, visit www.panduit.com.

Attachment

Dawn Leach
Panduit Corp.
224-558-4199
dawn.leach@panduit.com
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HEC Signs Another Agreement With Coursera to Offer Courses at Discounted Prices

The Higher Education Commission (HEC) has signed an agreement with Coursera, the US-based online course provider, to enable Pakistani students and faculty members to acquire new skills through online courses.

According to details, HEC has secured 50,000 licenses of over 1,000 online courses at a discounted price that will be provided to deserving students and faculty members from all over the country for the next two years.

Students can enroll in 1,045 online courses related to a number of fields including business, computer science, information technology, data science, language learning, life sciences, and personal development.

These online courses have been drafted by around 100 of Coursera’s partners including Amazon, IBM, Intel, Google, Yale University, Duke University, Imperial College London, and John Hopkins University.

In an official statement, HEC said that Coursera’s online courses will be available under its Digital Learning and Skills Enrichment Initiative (DLSEI).

Both students and faculty members of Higher Education Institutions (HEIs) will be able to secure certifications from world-renowned universities, which will enhance their learning capabilities and skills for professional development.

A verified certificate from a world-renowned online platform can serve as proof for an employer that someone is familiar with cutting-edge tools and skills needed for a competitive career globally, the statement concluded.

Earlier this year in June, it was first reported that Coursera was officially being brought to Pakistan along with access to online courses and degrees from world-class universities and companies.

A month later, Coursera officially launched its services in Pakistan in collaboration with the HEC under the latter’s DLSEI. Previously, two phases of the DLSEI have been completed in which the HEC covered the majority of the subscription charges as well.

Source: Pro Pakistani

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4.1-magnitude earthquake jolts several areas of Karachi

In Sindh, earthquake tremors were felt in Karachi tonight [Wednesday].

Tremors were felt in Gulshan-e-Iqbal, Gulistan-e-Jauhar, Malir Cantt, Scheme 33, and I.I. Chundrigarh road among others.

Reports reveal that the quake was also felt in areas of Gulshan-e-Hadeed and Gadap.

Pakistan Meteorological Department (PMD) said that the frequency of the quake was 4.1 magnitude on the Richter scale, adding that it measured a depth of 15 kilometres.

Source: Radio Pakistan

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Pakistan Navy successfully test-fires surface to air missiles

Pakistan Navy Air Defence Units have successfully test-fired surface to air missiles.

According the Spokesperson for Pakistan Navy, all missiles successfully hit their targets.

Chief of Naval Staff Admiral Amjad Khan Niazi witnessed the test-firing of the missiles.

He expressed full satisfaction over the operational preparedness of Pakistan Navy.

The Naval Chief said Pakistan Navy is fully capable to befittingly respond to any aggression.

The Spokesperson said successful test of the missiles demonstrates operational capabilities and war preparedness of Pakistan Navy.

Source: Radio Pakistan

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Telecard’s Subsidiary Wins Rs. 100 Million Contract From SBP

Telecard Limited has disclosed that its subsidiary Supernet Limited has been awarded a contract of Rs. 100 million by the State Bank of Pakistan (SBP) for a project related to information technology and cyber security.

According to a notification issued to PSX, the contract involves supply, installation, maintenance and technical support of Next Generation intrusion detection and prevention system (IDPS) to secure SBP infrastructure from advanced persistent threats (APT).

The IDPS solution will provide SBP with the state-of-art identification of vulnerable exploits and unidentified threats originating against any targeted system, applications and software.

In addition, the IDPS will provide remedial measures, as and when any malicious behavior is detected. The solution will operate by scanning all network traffic on the client’s gateways detecting and protecting against threats like Denial-of-Service (DoS), distributed denial-of-service (DDoS), worms and viruses, additionally creating a second layer of defense to SBP’s security framework.

Securing the contract from the central bank was a challenge and allows the company to win more clients by the successful execution of the project.

Telecard, directly and indirectly, through its subsidiary has been working to diversify its business portfolio in different technological spheres.

Hence, the board of directors has decided to change its name from Telecard Limited to Telecore Technologies Limited. In order to broaden the scope of work, the company is also working to amend its memorandum and articles of association.

Source: Pro Pakistani

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Pakistan Now Has Enough Petrol Reserves for 26 Days

Petrol stocks have risen to new historic highs with enough reserve to meet 26 days of consumption demand in the country, reported Express Tribune.

This development comes as refineries have warned of impending shutdowns due to the Independent Power Producers’ refusal to purchase furnace oil.

According to the report, petrol stocks have reached 26 days of requirement for the first time in Pakistan’s history. While current consumption trends expect consumers to utilize between 21,000 and 22,000 tons of petrol per day, a gas crisis is probable during the current winter season if refineries suspend plant operations as the IPPs refuse to lift furnace oil stocks.

It is pertinent to mention that the country has 600,000 tons of petrol stockpiled due to lower-than-expected demand and uncertain forecasts during winters. Consumer demand of 800,000 tons of petrol had been forecast by the oil industry for November, but consumption was remarkably lower than expected.

A refinery official told a national daily that if the prevailing issue remains unattended, refineries will begin closing down in the next three to four days, potentially disrupting oil and gas supply across the country.

Adding fuel to the fire, Chief Executive Officer Attock Refinery Limited, Adil Khattak, wrote a letter to the Director-General Oil (Petroleum Division), where he contended that the refinery’s supplies had not improved. Therefore, the refinery had no choice but to reduce production due to a lack of demand, and they would be forced to close distillation units one by one, eventually shutting down the entire refinery.

He expressed his dissatisfaction with the fact that large amounts of furnace oil were being imported instead of being acquired from domestic refineries. Regulators were not pressuring IPPs to buy furnace oil from the refineries and instead pressed the refineries to increase production of kerosene oil, he added.

In a separate letter, the CEO of Pakistan Refinery Limited (PRL), Zahid Mir, stated that the refinery’s furnace oil production was 7,109 tons in November 2021, while total procurement was 5,875 tons. Moreover, PRL produced 3,244 tons in December 2021, but there was no need.

He asked the Petroleum Division to look into the situation right away and push the power industry to increase furnace oil usage to reduce pressure on refinery inventories. He emphasized the importance of preventing refinery shutdowns to ensure a continuous supply of petroleum products, as well as supplies of high-speed diesel and motor spirit to oil marketing companies.

Source: Pro Pakistani