Corporate Stories

Latest Corporate Stories from across the APAC region.

Latest Corporate Stories

Swiber Holdings

The flow of success Asia Outlook profiles Swiber Holdings Limited, a Singapore-based integrated construction and support services provider to the off shore oil and gas industry. Writer Ian Armitage Project Manager Sheridan Halls Singapore-based Swiber Holdings enjoyed quite the start to the current fiscal year, announcing that profi ts for the period ended June 30, 2013 rose 11.8 percent to $37.4 million from $33.5 million in the same period last year. Revenue also jumped 30.1 percent to $551.8 million up from $424.0 million in HY2012. "The fi rst half of this year has seen Swiber making strides in several ways. Notably, Swiber won several quality projects," says Mr Francis Wong, Group Chief Executive Officer and President of Swiber. "Our recently issued $150 million 6.5 percent fixed rate certificates under a newly established sukuk programme was met with warm investor response; a strong endorsement of our good financial standing. This will provide us with headroom for further expansion and growth. These achievements demonstrate Swiber's strong fundamentals and innovative streak, which will continue to be Swiber's competitive edge at project tenders at regional and international arenas." Recent contract wins include $330 million won by Swiber Group, while a joint venture company bagged a $105 million. The contracts are expected to be completed by 2015. Swiber reported in February that its first off shore contract wins for 2013, which involve the transportation and installation of pipeline and off shore structures in Southeast Asia, were valued at $153 million. "The off shore segment remains exciting and this round of sizeable

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Trelleborg Group

Ahead of the field Trelleborg Group's off shore operation is a global leader in the development, manufacture and supply of polymer-engineered solutions for the off shore oil and gas industry. Writer Ian Armitage Project manager Ben Weaver Trelleborg holds a long and successful track record in the off shore industry and has a strong reputation for quality, making it a first choice supplier to many key industry OEM's, contractors and operators. The secret behind its success is a "commitment to service from first enquiry to final delivery," says Ben Wait, Offshore Construction Customer Group Manager, Trelleborg Offshore and Construction. "Trelleborg is a world leader in engineering polymer solutions," he says. "We develop high-performance solutions that seal, damp and protect critical applications in demanding environments. "We provide innovative engineered solutions accelerate performance for customers in a sustainable way." Companies that in the past have been acquired by Trelleborg were rebranded Trelleborg in 2006, replacing the well-known industry names of CRP, OCP, Emerson & Cuming and Viking. Wait continues: "They were strategically acquired by Trelleborg in 2006 and the businesses merged. Trelleborg saw a gap in the portfolio and an opportunity within the market, so aimed to expand. Today Trelleborg's off shore operation is recognised as the market leader for providing engineered products manufactured from polymers and composites for the most demanding of applications. We're known for our reliable supply to all the major oil and gas fields around the world." Trelleborg is committed to innovation, pushing the boundaries of material science while focusing on sound project delivery.

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Tung Shin Hospital

Q&A: Tung Shin Hospital The quality of healthcare is high in Malaysia, no more so than in its capital Kuala Lumpur which can boast of high-end hospitals that provide excellent services. In this unique Q&A we learn more about Tung Shin Hospital, an unassuming private hospital with humble origins as a traditional medicine dispensary and hospice called Pooi Shin Thong. It is a place where East meets West. Writer Ian Armitage Project manager Eddie Clinton Give me a brief introduction to Tung Shin. Who are you? Tung Shin Hospital is a non-profit community hospital established in 1881 and we will celebrate our 132nd anniversary on December 1, 2013. The hospital is unique in the sense that this is the only hospital in Malaysia and also Southeast Asia that practices dual-treatment - modern medicine and traditional Chinese medicine. What are your key strengths and what makes you unique? It is rare any organisation can celebrate its 132 years anniversary but this hospital has been serving the people for that entire period, irrespective of race, creed or religion. Everyone is entitled to the best care and we live by that mantra. What has the hospital been doing over the last year? We have been undergoing a bit of a revamp in recent years. The Western Division, which started almost 40 years ago, has seen some refurbishment especially at the old wards and the process has seen us invest in new equipment and upgrades at the Radiology and Imaging Department. In 2011, we invested in a Philips Ingenuity 128

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Aetna International

Prevention and cure Aetna International delivers comprehensive global health insurance and health management solutions for mobile employees worldwide. Writer Chris Farnell Project manager Sheridan Halls With an ageing global population facing constantly changing circumstances, the healthcare industry is sitting on a demographic ticking time bomb, and is going to have to significantly change the way it does things if it's going to adapt to this new world. Nobody knows this better than Derek Goldberg, Managing Director: Southeast Asia, at Fortune 100 health insurance firm Aetna. "All healthcare companies are facing some daunting demographics and trends," says he. "Obesity has more than doubled between 1980 and 2013 while changes in diet and lifestyle are contributing to a rise in chronic diseases. We also have elderly populations rising around the world and one alarming statistic I've heard is that the global percentage of elderly people is expected to triple by 2050. The Southeast Asia region is no exception: Singapore, for instance, has one of the three or four most rapidly ageing populations in the world. Even more concerning is that these trends are projected to continue for the foreseeable future. This drives healthcare costs up, making it less affordable for people to obtain quality care. We aim to contain costs by better managing the health of patients who have chronic conditions while also focusing on prevention and wellness." It's a mission that that Aetna takes incredibly seriously. The company's approach to the issue is a forward-looking and multi-pronged attack. "Our mission is to make quality healthcare affordable and

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Geodis Wilson : A Region on the Rise

Asia Outlook talks to René Bach Larsen, Geodis Wilson’s cluster Managing Director of Singapore and Southeast Asia.

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Holcim Singapore

Raising the bar in sustainability Holcim is one of the world's leading suppliers of cement and aggregates. It is also a leader in sustainability. Writer Ian Armitage Project manager James Mitchell The past six years have been very good to Holcim Singapore and Dr Sujit Ghosh. Its market share has grown to almost double what it was in 2007 when he took over the role of CEO and Holcim's brand image has been "strengthened dramatically". "When I took over we had low market share and the brand was relatively unknown," he says. There are several factors behind its success. A major one is an unrelenting focus on sustainability – Holcim's vision to provide "foundations for society's future and commitment to sustainable development", continuously seeking "ways to promote sustainable construction through innovation". It's a hell of a vision. And for Dr Ghosh, it is much more than mere window-dressing. He believes that by adopting sustainable practices, companies "can gain competitive edge, increase their market share, and boost shareholder value". What's more, the "growing demand for 'green' products has created major new markets," he says. Before joining Holcim, Dr Ghosh worked with Lafarge Asia-Pacific as Regional technical Director and had a role in several other major multinational corporations. Holcim Singapore is a subsidiary of the Swiss-headquartered Holcim group. "Our sustainability efforts are central to our core strategy," he says. "Apart from focusing on business growth, we also put a strong commitment to sustainability development. Typically, companies have lofty visions and Holcim also has its own lofty vision –

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CoffeeWORKS

Best when fresh CoffeeWORKS is Thailand's leading coffee shop roaster delivering to over 500 outlets throughout the country. Writer Ian Armitage Project manager Ben Weaver After working in the U.S. coffee and cola industries during their university days, high school friends Dale Lee and Andrew Stotz decided to launch their own specialty coffee roasting factory in Thailand back in 1995. The plan was to capitalise on the country's booming cafe culture and their company, CoffeeWORKS, was born. Today it is one of the leading fresh coffee roasters in Thailand, as well as a leading importer of espresso equipment and supplier of barista training and consulting services to respected global food and beverage brands operating in the country. The business has performed brilliantly and I'd be absolutely amazed if you haven't enjoyed various CoffeeWORKS roasts and blends at one of the hundreds of coffee shops or hotels it supplies. "For the past few years – and currently too – we have been maintaining 30 percent year-on- year growth," says Lee. "In our hotel channel alone this year we are growing 50 percent year-on-year. In spite of this growth, truly good and authentic Italian standard espresso based coffee drinks have hardly been embraced by the wider population in Thailand." When CoffeeWORKS began in 1995, per capita consumption in Thailand was 500-grams, with 85 percent of that going to instant coffee. Per capita consumption has since increased to 800-grams, but the ratio of instant and fresh coffee is still the same, with fresh coffee only earning 15 percent of

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Assunta Hospital

The heart and art of care Assunta Hospital, a pioneering private healthcare provider in Malaysia and the first private hospital in the Klang Valley, is backed by a legacy of caring and dedicated healthcare delivery. Writer Ian Armitage & Chan Li Jin Project manager Eddie Clinton Malaysia is often referred to as the "Asian Dragon" and its healthcare system boasts of high-end hospitals that provide excellent services. The industry – divided into private and public healthcare – has undergone huge transformation since the country's independence in 1957 and the government is committed to improving the system, having already achieved universal coverage for the population. Governmental sources describe the sector as "a major resource which is critical to the success of the nation's socioeconomic status". Among the country's first tier medical provides is Assunta Hospital, a pioneering private healthcare provider with a sound history of providing "quality and affordable healthcare for all". A History of Delivery A look through the history books shows that Assunta, based in Petaling Jaya, a satellite city developed in 1952 to ease the problem of overpopulation in Kuala Lumpur, has always been committed to delivering dedicated healthcare across all levels of society. Assunta started small. What would later become the hospital opened its doors soon after Petaling Jaya's birth. It was established by four Franciscan Missionaries of Mary nuns and was originally a small clinic named Ave Maria, serving the healthcare needs of the underprivileged. Through public donations, the little clinic soon expanded to include a maternity home and convent. By 1957,

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Pan Asia Logistics

Pan Asia Logistics targets Asia growth Asia Outlook profiles Pan Asia Logistics, a preferred air and ocean freight forwarder and logistics partner for many top brands in the East Asian market. Writer Ian Armitage Project manager James Mitchell Pan Asia Logistics (PAL) is a preferred air and ocean freight forwarder and logistics partner for many top brands in the East Asian market. It is a "holistic logistics provider", offering a "complete range" of fully integrated logistics services and supply chain solutions" which are efficient, intelligent and cost-effective. "We have been active in the market for ten years and specialise in air and ocean freight, contract logistics and project logistics for infrastructural projects in Southeast Asia," says founder and majority shareholder Christian Bischoff. "We also have a number of complementary addedvalue services such as customs clearance and storage, distribution management, supply and inventory management, dangerous goods and waste logistics and so on and provide supply chain management as a 3PL and 4PL provider." PAL, he says, "provides highly efficient concepts" which are designed to "optimise" customers' supply chains and "drive value for their businesses." The approach is paying off. The rapidly growing firm recorded a turnover of nearly 100 million euros in 2012 and has over 45 offices in Asia and various agents around the world, all staffed to the highest professional standards. PAL's offices in Asia are linked to this global network and continue to expand living by the mantra, "we go where our customers are". "We started with six people in 2003 and we now

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Cardno BEC

Into Asia: Cardno seeks expansion Asia is undergoing a period of unprecedented economic growth and this represents huge opportunity says Bruce Johnson, Area Manager/ Manager New Projects, Cardno BEC. Writer Ian Armitage Project manager James Mitchell Africa is undergoing a period of unprecedented economic growth and is increasingly catching the attention of foreign investors, who have contributed to a rapid increase in capital expenditure. In fact, it's nothing new - foreign direct investment in Africa has been on the rise since the early 2000s, increasing fivefold in 2000-2010. It is the real deal and the continent's economic outlook for 2013 and 2014 is promising, confirming its healthy resilience to internal and external shocks and its role as a growth pole in an ailing global economy. Africa's economy is projected to grow by 4.8 percent in 2013 and accelerate further to 5.3 percent in 2014. "Now is the time for Africa," says Bruce Johnson, Area Manager/ Manager New Projects, Cardno BEC, the head of project development, service and business development within the Cardno BEC engineering team. "We agree that Africa's potential is huge; there are fantastic opportunities in Africa. Its large reserves of undeveloped mineral resources are in demand and in that there is opportunity." Cardno BEC is part of Brisbane based environmental and engineering consulting services company Cardno Limited. Cardno, with its large project history in Africa, strong infrastructure capabilities, and prior experience working with government policy makers around the world, is uniquely positioned to provide the services to help Africa fulfil its potential, says Johnson.

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