Category: Industry

Singapore Food & Beverage Industry 1H13

It also covers the key market trends, service and hygience standards, expansion strategies, F&B manpower trends and market outlook, plus the profile, comparative matrix and SWOT analysis of the industry leading players: Fraser and Neave Limited (F&N), Asia Pacific Breweries Limited (APB), Olam International Limited (OLAM), Petra Foods Limited (Petra Foods), and Food Empire Holdings Limited (FEH).

Executive Summary

Singapore’s food and beverage (F&B) services industry contributed approximately SGD 11.98bn or 3.5% to the country’s total GDP in 2012. On a per capita basis, Singapore has the highest food consumption levels in Southeast Asia, accounting for 3% of GDP. Due to limited domestic agricultural production and rapid urbanisation, the country imports more than 90% of its food products, particularly from other Asian countries. Imports of F&B account for over 8% of GDP in 2012.

Expenditure on F&B has grown steadily in Singapore, with market value expanding from around SGD 9bn in 2007 to SGD 12bn in 2012. The rise in the number of working women, growing middle class population and the surge in disposable income were the main drivers of this growth.

Going forward, the country’s F&B industry is expected to witness robust growth thanks to highly promising per capita consumption growth. Food retail, which currently represents 40% of the total retail spending in Singapore, is expected to increase due to higher incomes and rising visitor arrivals.

Table of content: >

1. Industry profile
1.1 Market overview
1.2 Market size and structure
1.2.1 Expenditure on F&B
1.3 Trade
1.4 Manufacturing
1.5 Consumption
1.6 Prices
1.7 Regulations
2. Market trends and outlook
2.1 Key trends
2.2 Service & hygiene standards
2.3 Expansion strategies
2.4 F&B manpower trends
2.5 Market outlook
3. Leading players and comparative matrix
3.1 Leading players
3.1.1 Fraser and Neave Limited (F&N)
3.1.2 Asia Pacific Breweries Limited (APB)
3.1.3 Olam International Limited (OLAM)
3.1.4 Petra Foods Limited (Petra Foods)
3.1.5 Food Empire Holdings Limited (FEH)
3.2 Comparative matrix
3.3 SWOT analysis

4. Tables and Charts

Table 1: Key indicators of F&B industry
Table 2: Establishments, operating receipts and value added in 2011
Table 3: Main business costs of F&B industry
Table 4: Per capita consumption of food commodities in Singapore (2006-2011)
Table 5: Singapore key economic indicators (2010-2013)
Table 6: F&N five-year financial highlights
Table 7: APB five-year financial highlights
Table 8: OLAM five-year financial highlights
Table 9: Petra Foods five-year financial highlights
Table 10: FEH five-year financial highlights
Table 11: Selected peer comparison of key financial ratios

Chart 1: Food & beverage industry contribution to the national GDP (at current price) (2007-2012)
Chart 2: Singapore’s demographics (2007-2012)
Chart 3: Singapore’s GDP per capita at current market prices (2007-2012)
Chart 4: F&B market value and expenditure per capita (2007-2012)
Chart 5: Expenditure on food, beverages and tobacco (2007-2012)
Chart 6: Imports of F&B products (2007-2012)
Chart 7: Exports of F&B products (2007-2012)
Chart 8: Manufacturing output of food, beverages and tobacco (2006-2011)
Chart 9: Industrial Production Index (2011=100) (2006-2012)
Chart 10: Weights of major expenditure groups in the CPI
Chart 11: Consumer Price Index: Food (2009=100) (2006-2012)
Chart 12: Food & Beverage Services Index (FBSI) at current prices (2010=100) (2006-2012)
Chart 13: F&N revenue breakdown in FY/2012
Chart 14: APB revenue by geographical regions in FY/2012
Chart 15: OLAM net contribution by business segment (FY/2011 vs. FY/2012)
Chart 16: Petra Foods revenue by geographic breakdown in FY/2012
Chart 17: FEH revenue by geographical regions in FY/2012
Chart 18: FEH revenue by product group in FY/2012

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The Role Of Energy Efficient Transformers In The Petrochemical Industry

Introduction

The U.S. petrochemical industry is the third largest in the world and a significant contributor to the countrys GDP. The US Petrochemicals Industry is also an indispensable part of the manufacturing and consumer sectors, churning out products such as fiberglass, tires, paint, plastic, rubber, detergents, dyes, fertilizers, textiles, solvents, and more.

In the recent past however, the US Petrochemicals Industry has undergone reasonably predictable lifecycle-path phases; from initial growth and augmentation to slowing down in marginal returns, and thereafter facing
possible downturns aided by many factors such as competition and resource constraints.

The future of the US petrochemical industry appears to be uncertain at present with the imbalance created in the market by the high feedstock process. According to Business Monitor Internationals (BMI) 2008 US Petrochemicals Report, the industry is also suffering the effects of a contraction in house building and car production, with output set to further diminish in 2009 and 2010.

Besides the ongoing effects of the recession, the US petrochemicals industry is faced with radical changes in the regulatory environment. The US is seeing a new policy climate with greater stress on tackling climate change through reducing carbon dioxide (CO2) emissions. This move has major
implications for the energy-intensive petrochemicals industry. A bill seeking to make a 17% greenhouse gas emission reduction through 2020 has raised objections from the chemicals industry lobby. The industry could find it difficult to maintain both competitiveness in global markets and meet its carbon
targets, unless it introduces some drastic changes in the way it demands and uses energy.

Energy and the Petrochemical Industry

Energy is a very important cost factor in the chemical industry in general. The petrochemical industry is even more energy-intensive than other sub-sectors within the chemical industry. The sector spent about $10 billion on fuels and electricity in 2004.

The petrochemical industry is responsible for 70% of the chemical industrys expenditures on fuels and 40% of the expenditures on electricity. The cost of energy and raw materials are roughly 2/3rds of the total value of shipments of the petrochemical industry. Because energy is such a crucial cost factor for the
industry, improvement in energy efficiency is an important way to reduce costs and increase predictable earnings, especially in current times of high energy price volatility.

US manufacturers in the petrochemical industry also face an increasingly competitive global business environment; it is thus imperative that they reduce production costs without negatively affecting product yield or quality. Improving energy efficiency reduces the bottom line of any petrochemical plant.

Successful, cost-effective investment into energy-efficient technologies and practices meets the challenge of maintaining the output of a high quality product despite reduced production costs. This is especially important, as energy-efficient technologies often include additional benefits, such as increasing the productivity of the company and reducing the emission of greenhouse gases.

There are a variety of opportunities available in the US petrochemical industry to reduce energy consumption in a cost-effective manner. Companies are thus coming together to begin the process of jointly exploring new and more energy-efficient processes that could dramatically reduce the dependence of the US petrochemical industry on foreign oil. The US petrochemicals industry is being hit by a rapid rise in energy costs and the The Role of Transformers

Transformers, besides other things like switchgear, converters, low-voltage equipment and power-plant solutions, are just some of the things that contribute to the efficient production and management of highquality
electricity.

Most standard transformers in industrial settings operate at full load and have 90 to 95% efficiency. However, one of the main reasons for energy loss in a transformer is due to inefficiencies in the transformer core. This issue is addressed in high-efficiency transformers that utilize the latest core
technologies to reduce core losses. The positive jump in efficiency is due mainly to the fact that the core is energized 24/7, even when the transformer load is turned off or disconnected.

Another issue of concern is that of transformer load. With the majority of the electricity used in the US being run through transformers at lower loads, sizable amounts of energy are being wasted. This issue is
of special relevance to an industry like that of Petrochemicals which already is a high consumer of energy.

The Need for Energy-Efficient Transformers

Compliant transformers are able to maintain National Electrical Manufacturers Association (NEMA) Class 1 efficiency levels at 35% load. This is accomplished by using higher-grade grain-oriented steel in the core rather than the standard non grain-oriented type. Grain-oriented steel offers thinner gauge and purer
metallic material quality, reducing heat caused from eddy currents by limiting the direction in which current can flow. This narrowing of the magnetic field into a thinner profile also reduces the canceling effect of opposing currents.

Increasing the energy efficiency of a transformer allows the unit to operate at the same level of power with less energy being wasted. This has a large impact on the consumption and distribution of energy because the reduction in energy usage improves the countrys energy independence, reduces its carbon
footprint and lessens infrastructure investment.

Decreasing energy usage by reducing waste even by .03% over the next 20 years cuts the need for new power generation by 60 to 66 million kilowatts. That drop would eliminate the need for construction of 11 new 400-megawatt power plants by 2038.

Electrical power generation accounts for 35% of all US emissions of carbon dioxide, 75% of sulfur dioxide and 38% of nitrogen oxides. With higher-efficiency transformers, the country will see reduced emissions
of CO2, NOx and Hg of 678.8 Mt, 187.7kt and 6.48t over the next 30 years. Curbing energy imports will also bolster the US economy by reducing the current $65 billion trade deficit and mitigating fuel prices through decreased demand.

The compliant transformers will cost more than their lower-efficiency predecessors due to the higher price tag for grain-oriented steel, additional labor and higher raw material costs. While the compliant transformers will add to the cost of construction and maintenance projects, the end user will save this cost over the life of the transformer.

The Role of Transformers

Transformers, besides other things like switchgear, converters, low-voltage equipment and power-plant solutions, are just some of the things that contribute to the efficient production and management of highquality
electricity.

Most standard transformers in industrial settings operate at full load and have 90 to 95% efficiency. However, one of the main reasons for energy loss in a transformer is due to inefficiencies in the transformer core. This issue is addressed in high-efficiency transformers that utilize the latest core
technologies to reduce core losses. The positive jump in efficiency is due mainly to the fact that the core is energized 24/7, even when the transformer load is turned off or disconnected.

Another issue of concern is that of transformer load. With the majority of the electricity used in the US being run through transformers at lower loads, sizable amounts of energy are being wasted. This issue is of special relevance to an industry like that of Petrochemicals which already is a high consumer of
energy.

The Need for Energy-Efficient Transformers

Compliant transformers are able to maintain National Electrical Manufacturers Association (NEMA) Class 1 efficiency levels at 35% load. This is accomplished by using higher-grade grain-oriented steel in the core rather than the standard non grain-oriented type. Grain-oriented steel offers thinner gauge and purer
metallic material quality, reducing heat caused from eddy currents by limiting the direction in which current can flow. This narrowing of the magnetic field into a thinner profile also reduces the canceling
effect of opposing currents.

Increasing the energy efficiency of a transformer allows the unit to operate at the same level of power with less energy being wasted. This has a large impact on the consumption and distribution of energy because the reduction in energy usage improves the countrys energy independence, reduces its carbon
footprint and lessens infrastructure investment.

Decreasing energy usage by reducing waste even by .03% over the next 20 years cuts the need for new power generation by 60 to 66 million kilowatts. That drop would eliminate the need for construction of 11 new 400-megawatt power plants by 2038.

Electrical power generation accounts for 35% of all US emissions of carbon dioxide, 75% of sulfur dioxide and 38% of nitrogen oxides. With higher-efficiency transformers, the country will see reduced emissions
of CO2, NOx and Hg of 678.8 Mt, 187.7kt and 6.48t over the next 30 years. Curbing energy imports will also bolster the US economy by reducing the current $65 billion trade deficit and mitigating fuel prices
through decreased demand.

The compliant transformers will cost more than their lower-efficiency predecessors due to the higher price tag for grain-oriented steel, additional labor and higher raw material costs. While the compliant transformers will add to the cost of construction and maintenance projects, the end user will save this cost over the life of the transformer.

Benefiting from Better-Designed Transformers

Increasing the energy efficiency of a transformer allows the unit to operate at the same level of power with less energy being wasted in the process.
Electric power systems throughout the petrochemical industry are designed to normally operate at 50 or 60 Hz. With proper planning during the design phase of the power system for a petrochemical plant, certain harmonics can be minimized. Another way to minimize harmonics in the petrochemical power
system is to minimize the saturation of transformers by maintaining the operation of the transformer in a reasonable voltage range.

The system short-circuit capacity is an important factor in determining the impact of power electronic loads in the petrochemical industry. Where the power system is weak with a relatively low short-circuit capacity, the voltage distortion caused by the harmonic currents can be significant. Conversely, where the power system is strong with a relatively high short-circuit capacity; the voltage distortion caused by the same harmonic current sources might be negligible. Thus, one solution to minimize the voltage distortion caused by power electronic equipment is to install the equipment on a strong power source.

Energy Policy Act 2005 Mandates High-Efficiency Transformers

The Energy Policy Act 2005 mandates that distribution transformers meet specific efficiency levels starting January 1, 2007. The production of non-compliant models was to be halted by 2006. The catch, however, is that the higher-efficiency transformers also cost more to build than the non-compliant models. By mid-2007, the U.S. Department of Energy (DOE) was evaluating the efficiency standards for transformers because it was clear that even a slight improvement could save significant amounts of electricity which was currently being wasted well before it reached consumers. Efficiency in transformers would also reduce emissions from electric generating plants, as they would need to produce less energy.

The DOE was planning to issue new guidelines for distribution transformers by 2008. Once in place following a gradual phase-in, the new transformers are expected to save 26 billion kilowatt-hours annually. This will in turn reduce annual emissions from electric power plants by 15 million metric tons,
about equal to the average annual emissions of 2.7 million automobiles.

Pacific Crest Transformers and the Petrochemical Industry

Pacific Crest Transformers (PCT) has been catering to clients in the Petrochemical industry since its inception in 1919, thus making it possibly the only such company with 90 years of continuous domain
experience.

While the thrust towards energy-efficient transformers may be a relatively new phenomenon in the US, environmentally conscious companies like Pacific Crest Transformers (PCT) began eco-friendly initiatives years earlier.

PCT is committed to designing and manufacturing superior quality, custom-built and specialty transformers in the most cost-effective and responsive manner possible. The company has experience in building Padmount, Station and Secondary Unit Sub Transformers, and today specializes in environmentally friendly and efficient liquid-filled distribution transformers. PCT was propelled towards its energy efficiency initiative in its attempt to produce efficient, energy saving and therefore environmentally sensitive transformers.

The main thrust at PCT has always been customizing transformers after elaborate consultative processes
with the client. The transformers eventually built are based on client specification and are designed to fit
into the existing infrastructure.
Over the years PCT has designed transformers for:
Hazardous, flammable, or explosive environments
On-shore and off-shore platforms in corrosive atmospheres
Special taps and voltages as required
Harmonic loads from PLC and VFDs
High-pollution areas
PCTs transformers are present in environments where there is drilling and refining of fossil fuels, including natural gas, from areas with varied climatic conditions ranging from the hot humidity of the gulf coast to the frigid north slopes of Alaska. PCT Transformers are used throughout the process of
acquisition, transportation, and conversion of the end-products.

Conclusion

Energy is definitely a key driver of the Petrochemicals Industry, and so it is only natural that in the face of an uncertain oil future, companies take another look at the way they consume energy. Energy that is saved is considered the cleanest way of generating additional energy and steps to save energy are long
overdue.

Companies in this sector need to study their processes from an energy-efficiency standpoint and look at the various ways of conservation. With increasingly competitive times ahead, these steps taken now can
result in significant cost reduction. It may also be necessary to retrofit or invest in energy-efficient transformers, and restructure the existing energy system and here, working with a manufacturer that has deep domain expertise and sound long-term environmental strategies can make a real difference.

To know more about Energy Efficient Transformers check out Pacific crest transformers website.

A Study On Indian Jute Industry

Jute, also called the ‘Golden Fiber’, is the most useful and versatile fiber gifted to human being by the nature. Jute is popular for its ability to use in various forms in handicraft industry. The industry contributes greatly in countrys economy and has potential to propel the economy at least for next few decades. Jute industry alone provides direct employment to approximately 0.26 million people, and about 4.0 million people are associated indirectly to the industry. In total, the labour intensive industry engages more than 4.35 million people into it. Realizing its major contribution and important role in the Indian economy, the Government has decided to pay special attention to the industry in its National Common Minimum Programme. Keeping the industrys increasing contribution in consideration, the Government then started the “Jute Technology Mission” to benefit jute growers, the workers, jute manufacturers, exporters and others engaged in the sector. The programme has helped in Industrys modernization and to reap profits from export and other enhanced level of jute diversification.

A great number of the Indian Jute manufacturers have set up their Mills in the states of West Bengal, Assam, Andhra Pradesh, Orissa, Uttar Pradesh, Tripura, Bihar and Chhattisgarh. At present, there are 78 jute mills planted in India out of which 61 are located alone in eastern region of West Bengal. Among all jute mills, 64 are owned privately by Indian manufacturers and exporters, 6 of them are owned by central government, the state government owns 4, and only 2 of the mills are under cooperatives. Jute industry alone accounts for an annual turnover of Rs 6,500 crore and the value of export of total jute products is nearly Rs1000 crore. Some organizations have been formed to put a control on Indian jute industry. These include National Centre for Jute diversification (Kolkata), Jute Manufacturers Development Council (Kolkata), National Jute Manufacturers Corporation, Jute Corporation of India Ltd. (Kolkata), Birds jute & Exports Ltd., Institute of Jute technology (Kolkata), and Indian Jute Industries Research Association (Kolkata).

India is the largest producer of raw jute as well as finished good products. Jute Yarn, Jute Webbing, Jute Hessian Bags, Jute Hessian Cloth also called Burlap Cloth, Jute Geotextiles and Soil Savers are the products dominating the export arena. It became possible due to the availability of cheap and skilled labours in India, and the availability of entrepreneurial skills too. Some of the major Indian manufacturers and exporters of jute and jute products are following:

The East India Jute & Jute Hessian Exchange Ltd
National Centre for Jute Diversification
The Jute Corporation of India Ltd
Gunny Traders Association
Calcutta Jute Fabrics Shippers Association
Calcutta Laminating Industries
Ashim Kar & Industries Pvt. Ltd.
A One Jutex International

As a matter of fact, jute industry is one of the biggest industries which Indian economy greatly relies upon. Apart from having huge export potential, the jute manufacturing companies cater to the domestic market as well. However, the industry is facing some big challenges in its growth such as high production cost and poor supply chain management. With markets and competition going global, India is still practicing the primitive methods of manufacturing jute products. The products made are costlier and are exported at higher rates as compared to other Asian countries, especially Bangladesh which is the biggest threat to Indian Jute Industry. Multi unionism is one of the problems faced by the industry and engages major concentration of routine management in resolving labour dispute. Despite being a mother Industry, Indian jute industry has emerged as a huge decentralized and unorganized sector in the current scenario.

Is The Fashion Industry Responsible For Eating Disorders

This is a highly debatable subject and although it is not considered to be the cause of eating disorders, media is often viewed as a contributing factor, especially amongst adolescent girls, who view the size and shape of models and actresses, as ideal body image.

Adolescents, who have an eating disorder, often have a distorted body image to begin with. They’re often over critical and ruthless in their self-evaluation, in terms of their body shape and weight. Through the medium of magazines and film, current trends pertaining to body image, or rather society’s image of the body, a person with an eating disorder feels that their own personal body, does not measure up to what is portrayed within the media and ideal or beautiful.

Unfortunately for the past decade, the fashion industry, while admittedly being at the mercy of advertisers,’ has used ultra thin, nearly skeletal looking models. The entire waif look has graced the pages of magazines and film, unfortunately for a person with a non- healthy body image and lack of self-esteem, striving to achieve what society has deemed beautiful, becomes an obsession.

The trend within the fashion industry is beginning to change, most notably in Milan, which have recently refused to allow underweight models to grace their notorious runways. Not all within the fashion industry are so willing to take a stand, they are in business to sell and that if the advertisers’ wants to use all too thin models, then that’s what they will have a gracing their magazines pages.

Although this trend is moving towards the use of healthy sized models, it may help to change society’s ideal on what a women’s shape should be. Some argue that it is much too easy to blame the fashion industry, when in reality eating disorders are at least initially a mental issue of the individual and their own idea of body image.

The debate is far from over and even with the strides that the few within the fashion industry has made, in the attempt to change society’s concept of what an ideal shape should be it is a task that will surely take decades to rectify. Society has a tendency to resist change, even more so if the media’s slow to change with it.

One of the warning signs of an eating disorder is the obsession with all too thin models and actresses. A person who suffers from an eating disorder often has many pictures of excessively thin people, strategically placed normally around mirrors or close to food sources. Generally, these pictures are used to remind the person suffering from an eating disorder of what they want to look like and it is used as a deterrent to eat or as motivation to exercise more.

Automotive Industry The US Hybrid Vehicles Market Research Report

The rising gas prices, continuing federal and government support, decreasing dependency on imported crude, recharging infrastructure, upcoming cost-effective hybrid batteries and the change in consumer perspectives to drive the US hybrid vehicles market in the future

Hybrid vehicles market has been one of the fastest growing sectors in the US, due to the incorporation of the green technology concept. Additionally, higher fuel economy standards, increasing growth in per capita income, increasing battery life, durability, safety and hybrids economies of scale is also expected to further strengthen the hybrid vehicles market in the country. The US hybrid vehicles market has experienced CAGR of 7.6% over the period 2007-2013.

The full/mild hybrids have driven the hybrid vehicles market significantly in the US. However, plug-in hybrids represent an emerging hybrid market in the US with a strong rate. California, New York, Florida, Texas and New Jersey were few leading states in the US hybrid vehicles market. The issues related to the battery development process, potential challenges and pricing of the hybrid vehicles has been discussed.

The leading automobile companies dominating the US hybrid vehicles market include Toyota, Ford, General Motors, Hyundai and Honda. The major hybrid vehicle models which were sold by these companies include four models of the Toyota Prius Family, Lexus ES, Ford Fusion, GM Chevrolet Volt, Hyundai Sonata and Honda Civic.

-Hybrid vehicles market is in the process of mass adoption and is gradually moving towards being a major market in the US automobile based economy. As a result of the government regulations, environmental regulations, rising gas prices, increase in per capita income and recharging infrastructure over the past few years, with the implementation of stringent environmental norms, there has been a remarkable increase in the hybrid vehicles market in the country. This has resulted in increased awareness among the consumers towards eco-friendly hybrid vehicles.– According to the Research Analyst, Ken Research.

The report titled -The US Hybrid Vehicles Market Outlook to 2018 – Government Strategy and Cost-effective Hybrids to Escalate Demand- provides detailed overview on hybrid vehicles market in the US and helps reader to identify the ongoing trends and developments in the hybrid vehicles industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report will aid industry consultants, hybrid vehicle manufacturing companies, marketing companies and other stakeholders and consumers to align their market centric strategies according to ongoing and expected trends in future.