New Delhi, May 16, 2018: Jindal Mectec Pvt. Ltd, the Indian market leader in insulated panels and Kingspan, the global leader in insulated panels and building envelope solutions, have entered a Joint Venture (“Kingspan Jindal”) to capture the massive growth of modern methods of construction in India. This growth is supported by the strong domestic & foreign direct investment momentum in infrastructure; high-end production facilities in the FMCG, food and pharma sectors; distribution centres &warehousing; and in cold chain facilities and other segments.

With the Indian and the global market leader in insulated panels joining forces, Kingspan Jindal will become India’s leading manufacturer of high-performance insulated panels and building envelope systems, featuring industry-leading innovation. The JV operates a strong, local manufacturing base with two modern factories, has a pan-Indian sales & partner network and full access to Kingspan’s world-leading insulated panels and building envelope technologies.

Mr. Gilbert McCarthy, MD Kingspan Insulated Panels, said: “Investing in India is a key element of Kingspan’s geographic growth strategy. The JV will also cover Bangladesh, Sri Lanka and Nepal and Bhutan.”

Saurabh Jindal, MD Jindal Mectec Pvt. Ltd, said, “Kingspan Jindal will offer insulated panel, architectural wall cladding and roofing solutions for end clients who want high performance systems which are easy to install, and most importantly offer insurer-approved fire performance and superior lifetime energy savings. In addition, the JV’s insulated panel systems ensure buildings are built very quickly which has the added benefit of enhancing site safety due to shorter times working at height.”

The JV will accelerate the development of Jindal Mectec’s existing product portfolio, leveraging Kingspan’s proprietary insulation core technologies and building technology know-how. In particular, world-leading innovation – such as Kingspan’s QuadCore^TM insulation core with its superior thermal and fire performance – will become available to the Indian market. In addition the JV will offer a world-class infrastructure solutions portfolio leveraging Kingspan’s KingZip^TM standing seam roofing system, available as a package with the Group’s skylight and architectural façade system, especially suitable for airport and rail infrastructure projects.

About Jindal Mectec

Jindal Mectec Pvt. Ltd was established more than 30 years back for manufacturing and supply of PU (Polyurethane) moulded seats for Maruti Udyog Ltd. The Journey was initiated under the dynamic leadership of Mr. Pawan Jindal, Chairman of Jindal Mectec Pvt. Ltd.  Soon, Jindal Mectec centred the PUF/PIR panels market which grew strongly, supported by the infrastructure growth of the country. Today, Jindal Mectec is recognized as India’s largest manufacturer of insulated panels with an installed capacity of 4.5 Million sqm per annum. Jindal Mectec offers a wide range of insulated panels for various applications and segments.

About Kingspan

Kingspan is the global leader in high performance insulation and building envelopes. Kingspan differentiates itself through its relentless development of innovative and patent-protected proprietary technology. Kingspan helps its customers to build in an energy efficient manner that both reduces running costs and also meets environmental regulations and greenhouse gas emissions targets. Improving building performance, construction methods and ultimately people’s lives, is what drives Kingspan forward around the world. Kingspan was founded in the 1960’s in Ireland, is listed on the Dublin and London stock exchanges, generated sales of EUR 3.7bn in 2017 and has more than 100 manufacturing facilities in 60 countries.

The post Jindal Mectec and Kingspan form a JV to capture massive growth opportunities in Insulated Panels in the Indian market appeared first on Core Sector Communique.

– Offering social games and entertainment content combined with unique shopping experience

– Aiming to capture the rapidly growing mobile entertainment market in India

January 29, 2018, New Delhi, India – A joint venture of AGTech Holdings Limited (“AGTech” or the “Company”, HKEX stock code: 08279), the leading integrated games and entertainment company in China and Paytm, India’s largest mobile-first financial services platform, today announced the official launch of Gamepind, an innovative mobile platform offering a host of popular and exciting social and casual games.

Through Gamepind, available both through the Paytm app and as an independent app, the company aims to tap into the significant potential of the fast-growing mobile entertainment market in the country.  Gamepind complements the Paytm ecosystem by enhancing its customer experience through a rich portfolio of games and entertainment content including casual games, contests and sports games, combined with a unique and engaging shopping experience.  In addition, by offering many attractive products, Gamepind is the ideal marketing and promotional platform for merchants to engage with consumers in a truly differentiated way.

India’s entertainment industry is on the cusp of a robust growth phase driven by increasing mobile internet usage over the last decade, with the internet fast becoming a mainstream media for entertainment for many of its 1.3 billion population. The launch of this unique mobile entertainment product signals AGTech’s first major international initiative expanding its footprint in the Indian subcontinent since becoming a member of the Alibaba Group. The joint venture will also broaden Paytm’s offerings by integrating an additional dimension of entertainment and driving deeper consumer engagement.  AGTech has a 45% stake in the joint venture while Paytm owns a 55% stake.

John Sun, Chairman and Chief Executive of AGTech said: “We are excited to partner with Paytm to localize this unique platform for its 300 million and growing registered customer base by combining Paytm’s local resources and our expertise in mobile games and other user engagement activities. A member of Alibaba Group and Ant Financial Group, we have been active in looking for international expansion opportunities capitalizing on the vibrant ecosystems of Alibaba Group and Ant Financial Group. As AGTech’s first strategic international expansion, this joint venture lays the foundation for future collaborations as the company continues to globalize its business by strategically working with leading local partners in overseas markets.”

Vijay Shekhar Sharma, Founder and CEO of Paytm said: “India’s young consumers are experimenting and discovering more entertainment options on mobile. Mobile game is therefore growing in the country and becoming big with mobile users. We are happy to partner with AGTech to build an incredible mobile game and entertainment destination. AGTech’s expertise and experience in global mobile game market will help us accelerate our plans in game and entertainment business and bring exciting content to our users.”

About AGTech Holdings Limited

AGTech, listed on the Growth Enterprise Market of the Hong Kong Stock Exchange (Stock Code: 8279), is an integrated technology and services company engaged in the mobile games and entertainment market. AGTech has a team of over 300 employees, and the footprint of its business now spans across China and selected international markets. The company’s investors include Alibaba Group and Ant Financial Group.

AGTech is an official organizer and operator of the competition card games Guan Dan and Two-on-One poker in China, and an official partner of the International Mind Sports Association (IMSA).

For more information, please visit www.agtech.com

About Paytm

Paytm is India’s largest mobile first financial services platform offering payments, banking, lending and insurance. Paytm pioneered and is the leader of QR based mobile payments in India. With the launch of Paytm Payments Bank, the company aims to bring banking and financial services to 500 million un-served and under-served Indians. Paytm is founded by Vijay Shekhar Sharma and is headquartered in the National Capital Region, India. The company’s investors include Softbank, SAIF Partners, Alibaba Group and Ant Financial.

The post AGTech and Paytm JV launches mobile games platform: Gamepind appeared first on Core Sector Communique.

To develop 13-acre land parcel in Devanahalli, North Bangalore for housing project

Bangalore, September 29, 2017: JLL India the country’s largest real estate consultancy and professional services firm has structured a marquee transaction between Royale Builders & Developers, one of the largest land aggregators in Bangalore, and leading real estate developers Godrej Properties Ltd.

The two developers have joined forces to develop a 13-acre land parcel on Bellary Main Road (NH-7), close to Bangalore International Airport in North Bangalore. They plan to develop a modern residential project of approximately 1.34 million sq.ft. (125,000 sq.m.) with excellent connectivity to the city’s key commercial and industrial catchment areas of Devanahalli, Hebbal and Yashvantpur.

Ramesh Nair – CEO & Country Head, JLL India said, “North Bangalore is one of the fastest-growing corridors in the city. Excellent connectivity to the airport and ready-to-move-in office spaces are the key drivers of demand in this market, which will see the development of about 10 -15 million sq.ft. of office space over the next 5-7 years. This will bring with it an escalating demand for homes in this market. A development of this scale, backed by the stakeholders’ strong reputation, will be a boon to buyers on the lookout for an elevate lifestyle with best-in-class social and physical infrastructure.”

1. M. Bhatia, Chairman, Royale Builders & Developers said, “This collaboration is special to us considering the incredible Godrej brand, and comes close on the heels of our earlier partnership with Prestige Group. An expansive residential project of this nature will create tremendous value for end-users and investors, not least of all because the Bellary Road micro-market is one of the fastest-growing real estate precincts of Bangalore.”

About JLL India:

JLL is India’s premier and largest professional services firm specializing in real estate. With an extensive geographic footprint across 11 cities (Ahmedabad, Delhi, Mumbai, Bangalore, Pune, Chennai, Hyderabad, Kolkata, Kochi, Chandigarh and Coimbatore) and a staff strength of 9300, the firm provides investors, developers, local corporates and multinational companies with a comprehensive range of services including research, analytics, consultancy, transactions, project and development services, integrated facility management, property and asset management, sustainability, industrial, capital markets, residential, hotels, health care, senior living, education and retail advisory. The firm was awarded the Property Consultant of the Decade at the 10th CNBC-Awaaz Real Estate Awards 2015 and the Best Property Consultancy in India at the International Property Awards Asia Pacific 2016-17.

For further information, please visit www.jll.co.in

The post JLL India facilitates JV between Godrej Properties and Royale Builders in Bangalore appeared first on Core Sector Communique.

Kolkata July 22, 2015: TM International Logistics Limited (TMILL) & Group Companies has reported nearly 17% jump in profit after tax at Rs 42.15 crore during fiscal ended March 31, 2015, against Rs 35.98 crore during corresponding previous year.

While the income during 2014-15 has gone down (851.19 Crs as against 1096.38 Crs in 2013-14), the logistics joint venture of Tata Steel, NYK and Martrade, posted a Profits before tax of Rs 62.15 crore during the fiscal compared to Rs 46.86 crore during 2013-14, registering a rise of 33%.

“Global markets and trade flows faced volatility during the year but the diverse business portfolio of TMILL group comprising  of port operations, shipping, freight forwarding, warehousing, ship agency and tugging were able to ensure growth for the company,” Sandipan Chakravortty, Chairman, TMILL said.

“TMILL had been quick in its response to the changed business environment impacting steel raw material trade flows and rising import demand which was reflected in the port operations of the company handling 11.26 million ton of port cargo during 2014-15 compared to 5.58 million ton in the previous year,” Chakravortty added.

Elaborating on strategic project initiatives of TMILL, Managing Director, R N Murthy said, “we are very excited about running our own trains through participation in Indian Railways’ Special Freight Train Operators (SFTO) Scheme.”

“The scheme offers us vast opportunities to expand our freight logistic business in association with Indian Railways,” Murthy said.

He said that TMILL was exploring opportunities to kick-start operations of private trains for carrying steel coils for Tata Steel under the SFTO Scheme.

TMILL had made several representations with Indian Railways seeking certain modifications and revisions in the SFTO Scheme as a result of which the railways had tweaked the scheme to make it more attractive for operators, Murthy said.

At present, the company is in various stages of completing approvals for internal processes of running such wagons besides finalizing the model concession agreement for operations of SFTO trains, he added.

About TMILL

TM International Logistics Limited was formed in 2002 and is a joint venture company of Tata Steel Limited, NYK Holding (Europe) BV and IQ Martrade.

Headquartered in Kolkata, TMILL operated through its offices in India, UAE, Germany, and China.

TMILL offered a single window end-to-end logistical support for dry bulk, containerized and project cargo with services ranging from port operations, shipping, freight forwarding, customs house agency, inland logistics, warehousing and tugging.

The post TMILL (TM International Logistics Limited, A JV of Tata Steel, NYK and Martrade) records sharp rise in net profit appeared first on Core Sector Communique.

BlueScope and Nippon Steel & Sumitomo Metal Corporation (NSSMC) today announced the official start-up of their US$1.36 billion Coated Products Joint Venture.

The sale of 50% of the Joint Venture businesses was completed today and BlueScope has received net proceeds of approximately US$540 million.

“The proceeds from this investment by NSSMC strengthen BlueScope’s balance sheet and financial flexibility. The JV provides a platform for us to invest selectively in growth opportunities,” said Chairman, Mr Graham Kraehe.“It signals an exciting new era for BlueScope and we look forward to working with our new partner in the coated and building
products business in ASEAN and North America,” said Mr Kraehe. BlueScope’s Managing Director and CEO, Mr Paul O’Malley, said “BlueScope has the pre-eminent metal coating and painting footprint across Asia, with recognised brands, channels and long-standing relationships. NSSMC is now the world’s second largest steelmaker and one of the most innovative and technologically advanced. We chose to partner with NSSMC because it brings access to new technology and assists in developing a broader range of customers in new product areas, including an established customer base of Japanese companies operating in ASEAN. Our two companies have worked together for over 40 years and understand each other’s technical expertise and business approach.

“We are well positioned to develop expansion opportunities for the JV business. The JV is being considered as a supplier to a number of key Japanese customers in the region and it will look at manufacturing products for the home appliance market.”

The JV is establishing its own debt funding facilities for US$300m. These facilities will be used to repay existing financing provided by BlueScope and for ongoing funding requirements. The JV will be headquartered in Singapore and led by Mr Sanjay Dayal. NS BlueScope Coated Products will employ over 3000 people, across 29 plants in 7 countries.

The post NEW BLUESCOPE AND NIPPON SUMITOMO METAL JV STARTS UP appeared first on Core Sector Communique.