FEATURED NEWS
- December 10, 2024Business
NX China participates in 2nd China International Supply Chain Expo (CISCE)
Nippon Express (China) Co., Ltd. (Chairman: Sumitoshi Matsuo, hereafter "NX China"), a group company of NIPPON EXPRESS HOLDINGS, INC. (President: Satoshi Horikiri), took part in the five-day 2nd China International Supply Chain Expo (CISCE) held at the China International Exhibition Center in Beijing, China from Tuesday, November 26 to Saturday, November 30. (Exhibit booth) (Business discussion) One of China's largest exhibitions, CISCE is hosted by the China Council for the Promotion of International Trade (CCPIT) under the theme "Connecting the World for a Shared Future". This year's event attracted 160,000 visitors, approximately 1.3 times the number at last year's inaugural expo, with exhibits of the latest supply chain technologies, products, and services in the fields of smart cars, green agriculture, clean energy, digital technology, and healthcare presented by nearly 700 companies and organizations from 69 countries/regions. The NX China booth introduced the NX Group's network, which includes new companies such as cargo-partner, as well as air, ocean, and ground transport mode-specific services and environmentally-friendly services that offer end-to-end support for customers' supply chains. The NX Group will continue meeting the logistics challenges of its customers and supporting their business expansion with its global network and accumulated expertise in advanced logistics.
- December 10, 2024Event Announcement
Thai Union, ITC, TFM Participate in International Anti-Corruption Day Activities
Thai Union Group PCL, led by Mr. Pongpol Plipuch, General Manager Group Internal Audit, together with Mr. Chaiwat Charoenrujitanon, Chief Financial Officer, i-Tail Corporation PCL, and Mr. Thanyathep Thiwakornsakul, Internal Audit Manager, Thai Union Feedmill PCL., joined Thai Union employees in participating in International Anti-Corruption Day 2024. This event underscored Thai Union’s ongoing commitment to upholding the highest standards of corporate governance - both in Thailand and internationally – to foster sustainable business transformation. The event was held at MuangThongThani.
- December 10, 2024Business
Indorama Ventures Becomes Thailand's First ‘Full Circularity’ Recycling Partner at 808 Festival 2024
Indorama Ventures Public Company Limited, a global sustainable chemical company and world’s largest recycler of PET, is proud to be Thailand’s first ‘full Circularity’ Recycling Partner for 808 Festival 2024 – sponsoring and recycling 500ml PET Bottles from the event, ensuring three quarters of a ton of waste was diverted from the environment and made into new PET bottles. Held on December 6-8, 2024, at BITEC Bangna, the iconic electronic music festival hosted more than 40,000 fans over three to the best international acts, uniting with Indorama Ventures to be a circular-economy partner to ensure the event’s commitment to environmental responsibility. Indorama Ventures supplied festival attendees with tens of thousands of PET water bottles made from recycled PET (rPET) resin under its Deja™ sustainable brand. To ensure seamless recycling, the company created a festival inspired 9.6m³ ‘Recycling Cube’ in the food and beverage zone, enabling easy and interactive waste disposal. The dedicated PET drop points, and on-site staff educated festivalgoers on waste separation and recycling, fostering active participation in the sustainability initiative. The collected PET bottles were then transported to Indorama Ventures’ PET recycling plant in Nakhon Pathom. Using its advanced closed-loop recycling process, the bottles were transformed back into rPET, completing the circular economy model. This initiative not only showed innovative recycling technology but also allowed the event to deliver sustainability impacts: including CO2 reduction and waste diverted from landfills. Yash Lohia, Chairman of ESG Council at Indorama Ventures, said “At Indorama Ventures, we are passionate about weaving sustainability into everyday experiences and educating younger Thai generations that recycling is easy, necessary and can be part of their own sustainability journey. Our partnership with the 808 Festival combines recycling innovation with the power of music to inspire and educate young people. This collaboration reflects our commitment to environmental stewardship while supporting local arts and culture. Together with our partners, we’re shaping a more sustainable future, one PET bottle at a time. We are proud to be part of Thailand’s first full-loop recycling event activation, demonstrating how we can integrate impactful environmental practices into all aspects of our lifestyles.” Arsit Prachaseri, Retox Sessions’ Founder and Organizer of the 808 Festival, emphasized the importance of the collaboration, stating, “Our collaboration with Indorama Ventures aligns perfectly with our vision of creating impactful and sustainable events. By integrating recycling initiatives into the festival experience, we aim to raise awareness about environmental responsibility among our attendees while delivering an unforgettable celebration of music and culture. This cooperation highlights ongoing Indorama Ventures’ creative approach to engaging with communities through unique cultural platforms. By integrating sustainability into an event that celebrates music, arts, and culture, the company is inspiring a younger generation to take action for the planet. The initiative aligns with Indorama Ventures’ ambitious goal of educating one million people on waste management and PET recycling by 2030. Gallery
- December 9, 2024Event Announcement
MarketersMEDIA Newswire Launches Year-End Sale to Help Businesses Dominate AI-Driven Search in 2025
MarketersMEDIA Newswire has announced its Year-End Sales , offering businesses a strategic opportunity to prepare for 2025, a year set to be defined by AI-driven search. The sale, running from December 9 to December 31, 2024, features discounts of up to 67% on premium press release distribution services, with prices increasing closer to the new year. Highlights of the Year-End Sale include: Up to 67% off on press release packages Lifetime access to their No.1 Industrial AI Press Release Generator Complimentary Google Maps and YouTube video embedding As AI tools like SearchGPT increasingly rely on trusted press releases for accurate information, consistent distribution is critical for maintaining visibility. Businesses using MarketersMEDIA Newswire's services can ensure their press releases are featured on over 550 media outlets, including Yahoo! News, Business Insider, and MSN, positioning their brands for both immediate visibility and long-term online presence. “2025 will redefine how businesses are discovered online, with AI-driven search becoming the norm,” says Daniel, CEO at MarketersMEDIA. “Press releases are especially effective in this new landscape because AI systems rely on them as a trusted source of structured and accurate information.” The Year-End Sale is designed to make premium press release distribution accessible to businesses of all sizes. Even smaller brands can leverage these offers to compete effectively in the AI-driven search era. With prices increasing as the sale progresses, businesses that act early will secure the best deals and position themselves competitively for 2025. Take advantage of these exclusive offers before December 31, 2024, and prepare your brand for the AI-driven search era. Visit MarketersMEDIA Newswire’s Year-End Sale for more details.
- December 9, 2024Business
Thai Union Advances SeaChange® 2030 Strategy with Coral Reef Restoration Project in Phuket for Second Year
Thai Union Group PCL, the world seafood leader, has continued its efforts to restore marine ecosystems by advancing its Coral Reef Restoration Project at Koh Racha Yai, Phuket. Now in its second year, the project has seen the installation of 109 coral reef restoration structures, designed using cutting-edge SCG 3D printing technology to support coral growth. The initiative, a part of Thai Union’s SeaChange® 2030 global sustainability strategy, is being implemented in partnership with SCG, Earth Agenda Foundation, Thailand’s Department of Marine and Coastal Resources, and the Center of Veterinary Medicine, Faculty of Veterinary Science, Chulalongkorn University. Together, the partners are utilizing innovation and shared expertise to address the impacts of climate change on marine life. Dr. Pinsak Suraswadi, Director-General of the Department of Marine and Coastal Resources, highlighted the importance of the project in addressing pressing environmental challenges. “Global warming and human activity have caused significant damage to marine ecosystems, resulting in habitat loss, declining marine life, and threats to food security. Projects like this are critical to reversing these trends. In the first year of installations, we saw more than 5 percent of coral larvae attaching to the structures and an increase in fish population - a positive sign of ecosystem recovery.” Thiraphong Chansiri, CEO of Thai Union Group, said, “At Thai Union, we are committed to restoring and protecting Thailand's natural resources. This project reflects our purpose of promoting “Healthy Living, Healthy Oceans” and aligns with our SeaChange® 2030 sustainability strategy, which is working towards revitalizing ecosystems and building a sustainable future. We are proud to collaborate with our partners who share this vision.” Chana Poomee Chief Sustainability Officer at SCG , said, “SCG has introduced 3D printing technology that uses environmentally friendly mortar to create coral larvae settlement substrates that blend naturally with the environment. This technology enhances coral larvae attachment and growth, supporting marine resources. Beyond innovation, we aim to make coral reef restoration efforts more accessible to the private sector and the public.” Assoc. Prof. Dr. Nantarika Chansue, Chair of the Earth Agenda Foundation, said, “Coral reefs, which support 25 percent of all marine species, are rapidly deteriorating due to climate change and human activity. Restoration efforts like this one are essential for preserving biodiversity and reviving marine life. After conducting a joint survey with Thai Union and the Department of Marine and Coastal Resources, the results were encouraging, showing significant coral growth and the attachment of approximately 11 types of organisms, including coral larvae, to the coral reef structures. These outcomes are key to maintaining a balance and thriving marine ecosystem.” Thai Union has committed to supporting the Coral Reef Restoration Project in Koh Racha Yai, Phuket, for three years, with a total of 210 coral reef restoration structures to be installed. ### About Thai Union Thai Union Group PCL is the world's seafood leader, bringing high quality, healthy, tasty and innovative seafood products to customers across the world for 47 years. Today, Thai Union is regarded as one of the world's leading seafood producers and is one of the largest producers of shelf-stable tuna products with annual sales exceeding THB 136.2 billion (US$ 3,912 billion) and a global workforce of more than 44,000 people who are dedicated to pioneering sustainable, innovative seafood products. The Company’s global brand portfolio includes market-leading international brands such as Chicken of the Sea, John West, Petit Navire, Parmentier, Mareblu, King Oscar, Hawesta, and Rügen Fisch, Thai-leading brands SEALECT, Fisho, Qfresh, Monori, OMG Meat, Bellotta and Marvo, and ingredient and supplement brands UniQ®BONE, UniQ®DHA and ZEAvita. With a commitment to “Healthy Living, Healthy Oceans,” Thai Union is proud to be a member of the United Nations Global Compact, a founding participating company of the International Seafood Sustainability Foundation (ISSF), and current Chair of Seafood Business for Ocean Stewardship (SeaBOS). Thai Union's ongoing leadership in sustainability has been taken to the next level with the announcement of SeaChange® 2030, the Company’s expanded sustainability strategy with more ambitious goals for people and planet. Through SeaChange®, the Company was recognized and listed on the Dow Jones Sustainability Indices (DJSI) for the 10th consecutive year in 2023, ranked number one on the Seafood Stewardship Index (SSI) for the third consecutive time, listed in the S&P Global Sustainability Yearbook 2024, achieved a B rating from global environmental disclosure non-profit CDP, and was also named to the FTSE4Good Emerging Index for the ninth straight year in 2024. Find out more about the Group’s sustainability strategy at https://www.seachangesustainability.org/
- December 9, 2024Business
IOI Wins Most Caring & Best Company At HR Asia Awards 2024
IOI Corporation Berhad (IOI) proudly emerged as a dual award winner at the prestigious HR Asia Awards 2024, held at the One World Hotel, Petaling Jaya on 4 December 2024. We clinched the Best Companies to Work for in Asia 2024 and Most Caring Company Awards 2024 , affirming our commitment to fostering a culture of employee engagement and excellence through comprehensive human resource (HR) initiatives. These accolades reflect our continued dedication to creating an inspiring work environment, underpinned by a strong vision, strategic direction and employee value proposition. Our robust learning and development programmes, flexible work arrangements, effective well-being programme through IOI Cares , and emphasis on work-life integration have played a pivotal role in motivating our people to excel. Moreover, our corporate social responsibility and sustainability initiatives cultivate a workplace rooted in empathy and care, reinforcing IOI’s position as an employer of choice in Asia. IOI Head of Group Human Resources Molly Tam and Corporate Learning & Talent Development Manager Wendy Ng receiving the accolades on the stage. The HR Asia Awards 2024 mark the 11th anniversary of Best Companies to Work for in Asia programme, themed ‘The Definitive Z Choice’. This year’s winners, including IOI, exemplify excellence in navigating the unique challenges and opportunities posed by the growing presence of Gen Z in the workforce. These companies have demonstrated their ability to attract and retain young talents while fostering a diverse, collaborative and innovative workplace culture – key attributes that resonate with the new generation of employees. Kudos to our HR team for nurturing a supportive and caring environment for our workforce! The HR Asia Awards programme is recognised as the largest employee engagement recognition initiative in the region. Spanning over a decade, it has evaluated more than 20,000 companies, surveyed over 1.5 million employees, and covered 95% of the Asian continent. With entries from Fortune 500 companies, multinational corporations and government-linked entities, the awards reflect the pinnacle of employer excellence across 15 countries in Asia.
- December 9, 2024Public Services
AirAsia and APM join hands to assist flood relief efforts in Kota Bharu
AirAsia is committed to supporting the Malaysia Civil Defence Department (APM) in a critical mission to deliver aid to flood-affected communities in Kota Bharu, Kelantan, amidst the ongoing monsoon season. Flight AK6431 carried emergency supplies such as food, water, and medical necessities, along with the 15 APM team to ensure immediate assistance could be provided to severely impacted areas. In addition to today’s mission, the airline is collaborating closely with APM to transport personnel and supplies on an ad-hoc basis, subject to operational capacity for future relief efforts. As the people’s airline, AirAsia is committed to working together with relevant authorities to provide support to communities in need during critical times.
- December 6, 2024Business
JD Logistics Reports Record Growth During Start of Holiday Shopping Season
JD Logistics (also known as JINGDONG Logistics), the logistics arm of JD.com, announced a record increase in orders processed through its global overseas warehouse network on Black Friday. JD Logistics’ global supply chain supported merchants and brands worldwide across a diverse range of industries, including apparel, electronics, home decor, food, fast-moving consumer goods, and both online and offline retail. In Europe, JD Logistics’ warehouses in the Netherlands, the UK, France, Poland, Germany and Spain saw outbound orders increase by 200% on Black Friday. The on-time outbound rate for at least one retail brand in Poland was100% even as the brand’s volume order doubled. In North America, JD Logistics manages more than 20 self-operated and collaborative warehouses. A beverage container brand’s order volume increased over 300% and a leading suitcase brand increased by 400%. Overall, JD Logistics secured a 24-hour on-time outbound rate of as high as 99.8%. In Australia, order volume from its No. 2 warehouse in Sydney was also record-breaking. In Japan, the company’s No.1 collaborative warehouse saw order volume increase rapidly. The company can already ensure same-day fulfillment with outbound efficiency exceeding the local industry average, greatly enhancing merchant operation and customer shopping experience. Warehouse in Dortmund, Germany Cutting-Edge Supply Chain Innovations JD Logistics leverages advanced automation technologies, intelligent human-machine synergy strategies, and an integrated suite of warehousing and supply chain management systems. These innovations enable seamless B2B and B2C omnichannel fulfillment, while accommodating complex logistics models, including reverse logistics, back-order processing, and kitting and bundling services. Even during peak seasons, its system can secure stable and efficient processing of orders. Data shows the overall on-time outbound rate for JD Logistics’ overseas warehouses reaches as high as 99%. Thanks to the application of automation technologies such as AGVs and sorting robots, order picking efficiency has been increased by five times compared with traditional methods. Its robust warehousing network is complemented by diverse final-mile transportation resources. In the U.S., it also includes a self-operated truck fleet, enabling services such as port drayage, retail store delivery, warehouse transfers, and transshipments. Warehouse in Sydney, Australia Commitment to Global Expansion to Facilitate Business Success JD Logistics drives operational efficiency and cost reduction for its clients. With nearly 100 bonded, direct-mail, and overseas warehouses spanning the globe, the company ensured a smooth and timely fulfillment experience for global partners. As of June 2024, JD Logistics operated nearly 1 million square meters of warehouse space in key markets, offering localized services to international clients and Chinese brands expanding globally. Its international cargo flight network continues to grow, enhancing cross-border transportation services to destinations globally. JD Logistics is committed to doubling its overseas warehouse space by the end of 2025 as part of its broader global supply chain strategy. This expansion also includes growing its network of bonded and direct-mail warehouses and extending its international express delivery services. JD Logistics remains dedicated to supporting global businesses of all sizes, delivering precision, speed, and excellence in supply chain management. ( [email protected] )
- December 6, 2024Business
NX China ranked among top 20 international forwarders in China
Nippon Express (China) Co., Ltd. (Chairman: Sumitoshi Matsuo, hereafter "NX China"), a group company of NIPPON EXPRESS HOLDINGS, INC. (President: Satoshi Horikiri), was ranked 20th overall and 1st among Japanese companies in the fiscal year 2023 rankings of China forwarders announced at the "2024 China International Freight Forwarder Logistics Industry High Quality Development Forum and China International Freight Forwarder Logistics Industry Development Blue Book Press Conference" held in Beijing on Monday, November 25, 2024. (Award ceremony) This forum was organized by the China International Forwarders Association (CIFA), an international forwarding business group with about 600 member companies in China, Hong Kong, and elsewhere, and was held as a related support activity for the 2nd China International Supply Chain Expo (November 26-28), in which NX China also participated. The event was attended by relevant ministries/agencies and research institutions as well as international freight forwarding, logistics, port service and marine transport companies, and featured lectures and discussions on developments and trends in China's international freight forwarding/logistics industry. The top 100 ranked international forwarders for fiscal 2023* were announced at the event. NX China placed 20th overall (13th for air freight, 20th for ocean freight, 18th for trucking, and 2nd for warehousing), making it the top Japanese company on the list. The NX Group will be helping develop its customers' business activities by further enhancing its logistics functions in China in addition to providing international transport utilizing its global network to realize its long-term vision of becoming a logistics company with a strong presence in the global market. *This ranking of international forwarder companies in China, including foreign-owned companies, is based on performance data compiled by China's Ministry of Commerce for fiscal year 2023.
- December 6, 2024Technology
Fujifilm to Enhance its Production Capacity of Advanced Semiconductor Material CMP Slurries at the Kumamoto Site
FUJIFILM Corporation today announced that it will enhance its production capacity of CMP slurries*1, advanced semiconductor materials, at its production site located in Kikuyo Town, Kumamoto Prefecture, Japan. This expansion aims to support the increasing demand for semiconductor materials in Asia, particularly due to the surge in AI semiconductor requirements. The new facilities are scheduled to start operation in January 2025. Driven by high-speed, high-capacity communications through 5G/6G, the expansion of autonomous driving, and the spread of AI and the metaverse, demand for semiconductors is expected to increase and their performance is projected to advance as well. Consequently, ensuring a stable supply of higher quality and higher performance semiconductor materials for the semiconductor manufacturing process has become increasingly critical. CMP slurry is a proprietary formulation containing an abrasive that uniformly planarizes a semiconductor surface, which contains a mixture of wires and insulation films of varying hardness. CMP slurries are expected to show a high annual growth rate of 13%*2. Fujifilm holds the world's top market share in CMP slurries for copper wiring*3, which are essential in the manufacturing process of advanced semiconductors. To meet the high customer demands for stable supply and quality, Fujifilm is promoting local production of CMP slurries, including those for copper wiring. In addition to having CMP slurry production sites in Arizona, USA, Hsinchu and Tainan of Taiwan, and Cheonan, South Korea, Fujifilm also began CMP slurry production at its Kumamoto site in January 2024. In response to the increasing demand for CMP slurries in Asia, driven by the expanding need for AI semiconductors, Fujifilm Electronic Materials Co., Ltd., the core company that leads Fujifilm’s semiconductor materials business, is investing approximately 2 billion yen to enhance the production facilities for CMP slurries, including those for copper wiring, at Kumamoto site. This equipment investment will expand the CMP slurry production capacity at the Kumamoto site by approximately 30%. Fujifilm provides post-CMP cleaners*4 as well as CMP slurries as materials used in the polishing process of semiconductor manufacturing. Fujifilm will leverage its strength in offering combinations of two materials used in consecutive processes to solve customer challenges and contribute to further improvements in semiconductor performance. Fujifilm offers semiconductor materials used in wafer processing to post processing in semiconductor manufacturing including photoresists*5, photolithography-related materials*6, CMP slurries, post-CMP cleaners, thin-film chemicals*7, polyimides*8 and high-purity process chemicals*9, as well as WAVE CONTROL MOSAIC™*10 which includes color filter materials for image sensors. In addition to its extensive product lineup covering almost the entire range of semiconductor manufacturing processes, from leading-edge to legacy semiconductors, Fujifilm is committed to solving customers' issues and contribute to the development of the semiconductor industry by providing one-stop solutions that leverage its global supply structure and advanced R&D capabilities. Capital Investment Overview 1. Location Kikuyo-machi, Kikuchi-gun, Kumamoto (inside the factory of FUJIFILM MATERIAL MANUFACTURING CO.,LTD. Kyushu) 2. Total investment value Approximately 2 billion yen 3. Description CMP slurry production facilities 4. Operation commencement January 2025 The production site located in Kikuyo Town, Kumamoto Prefecture The building for introducing CMP slurry production facilities * WAVE CONTROL MOSAIC is a registered trademark or trademark of FUJIFILM Corporation. *1 a proprietary formulation containing an abrasive that uniformly planarizes semiconductor surface, which contains a mixture of wires and insulation films of varying hardness. *2 Electronic Materials Forecasting Report 2023 by the U.S. research company “Linx” *3 “Current Status and Future Prospects of the Semiconductor Materials Market in 2024” by “Fuji Keizai”. *4 Cleaners used after polishing with CMP slurry to remove particles, minute metal fragments and organic residues while protecting the metal surface *5 Material used to coat wafer substrate when circuit patterns are drawn in the process of semiconductor manufacturing *6 Development solutions, cleaners and other materials used in the photolithography process of semiconductor manufacturing *7 Materials for forming low-dielectric insulation films *8 A material with strong heat resistance and insulation properties, used for forming semiconductors’ protective films and rewiring layer *9 High-purity chemicals used in the cleaning and drying processes. The chemicals are employed to remove contaminants during the cleaning and drying stages of semiconductor manufacturing, as well as to eliminate metals and oils during the etching process. *10 General term referring to a group of functional materials for controlling electromagnetic light waves in a broad range of wavelengths, including photosensitive color materials for manufacturing color filters for image sensors such as CMOS sensors, used in digital cameras and smartphones Contact Media Contact FUJIFILM Holdings Corporation Corporate Communications Division, Public Relations Group +81-3-6271-2000 Customer Contact FUJIFILM Corporation Electronic Materials Business Division E-mail： [email protected] * Please note that the contents including the product availability, specification, prices and contacts in this website are current as of the date of the press announcement and may be subject to change without prior notice.
- December 5, 2024Travel & Leisure
Thredbo Wins Australia’s Best Ski Resort for 8th Consecutive Year at World Ski Awards
Thredbo is excited to announce its eighth consecutive win as 'Australia’s Best Ski Resort' at the 2024 World Ski Awards, alongside receiving 'Australia’s Best Ski Resort for Families' at the 2024 Out And About With Kids Awards for the seventh year in a row. Additionally, Thredbo was awarded 'Best Australian Resort' at the 2024 Snowsports Industries Awards for the second consecutive year, among other accolades. Thredbo General Manager, Stuart Diver, expressed that it is an honour to receive these prestigious awards. “I am so proud of the Thredbo team for consistently delivering a premium experience each season despite the challenges faced this winter. Our success in 2024 is a direct result of the hard work and commitment of not only our team, but also the unwavering community support and the guests who choose Thredbo as their winter destination year after year,” said Mr. Diver. As Australia's Best Ski Resort, Thredbo is committed to continuously improving its offering, and winter 2024 was a testament to this. With the introduction of the Alpine Coaster, the first of its kind in the Southern Hemisphere, and an unparalleled lineup of events and entertainment, winter 2024 in Thredbo was one for the books. 2024 World Ski Awards: Australia's Best Ski Resort Thredbo has been awarded 'Australia's Best Ski Resort' for the eighth consecutive year at the 2024 World Ski Awards. As the most prestigious awards program in the ski tourism industry, the World Ski Awards is the only international initiative to recognise, reward, and celebrate excellence in ski tourism on a global scale. This win is a direct result of Thredbo's commitment to delivering a world-class customer experience through a diverse range of on-mountain experiences, Australia’s biggest events calendar, and the country’s best skiing and snowboarding. 2024 Out And About With Kids Readers' Choice Awards: Australia's Best Ski Resort For Families Voted by Australian families, Thredbo is proud to be crowned 'Australia's Best Ski Resort for Families' at the 2024 Out And About With Kids Readers' Choice Awards for the seventh year in a row. This win reflects Thredbo's incredible family offering, including snow terrain for all abilities, Australia’s only alpine gondola, Australia’s only Alpine Coaster, one of the country’s best snow sports schools, a dedicated beginner area, and a huge variety of family-friendly events. 2024 Snowsports Industries of Australia Awards: Best Australian Resort Once again, Thredbo earns recognition and for the third year in a row is named 'Australia's Best Ski Resort' at the Snowsports Industries of Australia awards. 2024 Keep Australia Beautiful NSW: Tidy Towns Sustainability Awards Thredbo was also awarded the Climate Change Mitigation & Adaptation Award at the 2024 Keep Australia Beautiful NSW Tidy Towns Sustainability Awards, along with the Litter Prevention, Resource Recovery, and Overall Tidy Towns Award in the population category of less than 1,500 people. As the first Australian snow resort to hold Gold EarthCheck Sustainable Destination Certification for four years running, this further recognition of our environmental initiatives is a testament to the hard work and dedication of our team in promoting sustainable practices and protecting the unique alpine environment for future generations. Looking Forward As they continue to strive to improve their offering, Thredbo, supported by EVT, has made significant developments to their snow-making fleet with the purchase of a new ‘All-Weather Snowmaking Unit', the first of its kind in New South Wales. The Demac Lenko SnowPRO 260 is designed to produce up to 260m³ of snow per day in temperatures up to 20°C. This, combined with traditional snow making, will have a major positive impact on Thredbo Resort's ability to ensure great snow coverage in their beginner area on Friday Flat.
- December 5, 2024Business
CapitaLand Investment-managed Extra Space Asia enters into a strategic alliance with Japan’s largest indoor self-storage manager to accelerate growth
CLI-managed self-storage platform, ESA, has entered into a strategic alliance with Ambitious Co. Ltd., the largest indoor self-storage manager in Japan, to acquire four properties in Osaka with plans to add another two facilities in Tokyo by early 2025. ESA targets to triple its self-storage portfolio in Japan to over JPY12 billion in the near term. Pictured here is the newly acquired Itami Suzuhara Facility located in Kansai, Japan. CapitaLand Investment Limited (CLI), a leading global real asset manager, announced that its self-storage platform, Extra Space Asia (ESA) has formed a strategic partnership with Ambitious Co. Ltd. (Ambitious), the largest indoor self-storage manager in Japan. Ambitious’ self-storage business, “Syuno-Pit”, operates 681 self-storage facilities across 126 cities and districts in Japan. ESA is set to expand its portfolio in CLI’s focus market of Japan by leveraging Ambitious’ strong track record and on-the-ground expertise to source, develop and manage self-storage facilities in Osaka and Tokyo. These two regions are the largest markets for self-storage in Japan and where Syuno-Pit has the largest presence. Kickstarting this partnership, ESA has acquired four self-storage facilities in Osaka from Ambitious, with plans to add another two facilities in Tokyo by early 2025. ESA has a right of first refusal to acquire future assets to be developed by Ambitious. Together with Keiyo Logistics Co. Ltd. (Keiyo Logistics), ESA’s existing partner in Japan operating under the “privatebox by Extra Space” brand, ESA now benefits from the expertise of two established self-storage managers with extensive networks to boost its growth and deliver exceptional storage solutions in Japan. Leveraging these dual partnerships for expansion, ESA is targeting investments to triple its self-storage portfolio in the country to over JPY12 billion in the near term. Ms Patricia Goh, CEO, Southeast Asia Investment, CLI and Director, Storage Ventures Asia Pte. Ltd. Ms Patricia Goh, CEO, Southeast Asia Investment, CLI and Director, Storage Ventures Asia Pte. Ltd., said: “ESA’s strategic partnerships with Ambitious and Keiyo Logistics will enable us to capitalise on the increasing demand for self-storage space, driven by e-commerce growth, rising urban population, smaller dwelling spaces, increased population mobility and a higher proportion of rental households 1 . Ambitious and Keiyo Logistics are best-in-class self-storage operators with decades of experience in self-storage development and management.” “Since the formation of CLI’s self-storage joint venture with APG Asset Management in 2022 to acquire ESA, we have grown funds under management (FUM) of our self-storage portfolio by approximately 25%, including the acquisition of two prime industrial assets in Singapore for approximately S$100 million in 1Q 2024. Leveraging CLI’s strong global network of customers and our strategic partners’ deep local expertise, we will continue to scale ESA’s portfolio, and advance towards becoming a dominant self-storage player in Japan,” added Ms Goh. Mr Nobunari Tokunaga, CEO, Ambitious , said: “Ambitious operates the largest number of indoor trunk room facilities under the “Syuno-Pit” brand and is recognised for delivering stable investment returns, a strong management track record, development expertise and marketing capabilities. By combining with ESA’s financial resources, Ambitious aims to invigorate Japan’s evolving trunk room market, accelerate development projects, attract more customers, and enhance local communities and living environments.” Mr Takahide Watanabe, CEO, Keiyo Logistics , said: “Keiyo Logistics, which provides privatebox trunk rooms specialised for the Tokyo metropolitan area, will work with ESA, which has international knowledge, networks, and funding, to expand its network of high-quality facilities and play a role in the growth of the Japanese market.” Pictured here is the Sakai Yamamoto Facility located in Kansai, Japan. ESA’s properties in Japan enjoy high average occupancy of about 92% as demand for self-storage remains strong. Osaka, underpinned by the rising affluence of its population, flexible work arrangements and evolving consumption habits, remains one of Japan’s largest self-storage markets. 2 Following the acquisition in Osaka, ESA will have a total of 14 self-storage assets in Japan with more than 60,000 square feet of gross floor area. ESA will continue to acquire high quality self-storage assets located near densely populated residential areas in gateway cities in Japan. Extra Space Asia In 2022, CLI partnered APG Asset Management N.V., the investment manager for the largest pension provider in the Netherlands, to jointly acquire ESA through Storage Ventures Asia Pte. Ltd. Starting with an equity investment of S$570 million with an option to increase up to S$1.14 billion, in the proportion of 90:10 between APG and CLI, the self-storage joint venture provides CLI with access to an emerging sector that will contribute towards growing its FUM. ESA is Asia’s dominant operator in self-storage solutions with over 80 facilities across seven gateway cities – Hong Kong, Kuala Lumpur, Osaka, Seoul, Singapore, Taipei and Tokyo. Its portfolio comprises more than 2.3 million square feet of gross floor area with an occupancy of over 90%. In February 2024, ESA acquired two industrial assets in Singapore which have been converted into self-storage facilities . CLI in Japan CLI has a diversified portfolio of over 70 lodging, office, logistics, and self-storage properties with total FUM of S$2.7 billion 3 in Japan. CLI’s FUM in Japan will triple to approximately S$11 billion upon the completion of its 40% investment in SC Capital Partners Group. 4 Footnotes: 1. Information obtained from Housing Statistics 2023, available on the Portal Site of Official Statistics of Japan. 2. Information obtained from Osaka Residential Markets, Savills Research , September 2023 and Storage Business Report 2023, Yanno Research Institute , 2023. 3. As at 5 November 2024. 4. Subject to the fulfilment of conditions. Refer to the news release “ CapitaLand Investment accelerates growth in funds management through the strategic investment in SC Capital Partners ” dated 20 November 2024 for more information.
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