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Shareholders' Nomination Board's Proposals Regarding the Composition and Remuneration of Metso's Board of Directors

News Machinery - Mi, 01/23/2019 - 18:08

Metso's Shareholders' Nomination Board will propose to the next Annual General Meeting, to be held on April 25, 2019, that the Board of Directors should have eight members and that Mikael Lilius, Christer Gardell, Peter Carlsson, Lars Josefsson, Nina Kopola, Antti Mäkinen and Arja Talma should be re-elected. Mr. Kari Stadigh will be proposed as a new Board member.  Ozey K. Horton, Jr. is not available for re-election after having served as Metso's Board member since 2011. Mikael Lilius wi...

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Sinomach plays key role in Cambodian development

News Machinery - Mi, 01/23/2019 - 17:49

Bai Shaotong, deputy general manager of China National Machinery Industry Co (Sinomach) took part in a China-Cambodia business forum in Beijing on Jan 22. The forum, which aimed to promote Cambodia as an investment destination, was organized by China Council for the Promotion of International Trade, the Cambodian embassy in China, and the commerce ministries of both countries. It was also attended by Cambodian Prime Minister Samdech Techo Hun Sen, Chinese Vice-Premier Hu Chunhua and near...

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Ice-skating robots showcase Swiss innovation

Swissinfo EN - Mi, 01/23/2019 - 17:44
Ice-skating robots have proven a popular ambassador for Swiss innovation on the sidelines of the World Economic Forum. While companies and innovators are excited about their tremendous potential, the rise of robots is a source of anxiety for many who worry their jobs will disappear. The WEF’s Future of Jobs Report 2018 notes that machines and algorithms will do more current tasks than humans by 2025. The same report, which assesses the outlook of 20 economies and 12 industries, predicts the robot revolution will still create 58 million net new jobs in the next five years. swissinfo.ch spoke to Professor Stelian Coros, who leads the Computational Robotics Lab at federal technology institute ETH Zurich, about the potential of the technology underpinning these robots and innovation Ice-skating robots, which get top marks for their cutting-edge cool factor, are paving the way for next generation mobile robots that can be enlisted for service, assistive care and social ...
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MHPS Opens “Remote Monitoring Center” in the Main Office of Its Nagasaki Works

News Machinery - Mi, 01/23/2019 - 17:16

MHPS' fourth monitoring facility, alongside centers in Takasago (Japan), Orlando (U.S.), and Alabang (Philippines) - ・ Strengthens solutions capabilities utilizing MHPS-TOMONI™  for steam, IGCC, GTCC, and geothermal systems Mitsubishi Hitachi Power Systems, Ltd. (MHPS) has established a Remote Monitoring Center (RMC) in its Nagasaki Works in Nagasaki. The RMC supports operations and maintenance (O&M) for various types of power generating equipment, including steam power plants, as...

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Closing the gender gap: a Swiss view at WEF

Swissinfo EN - Mi, 01/23/2019 - 12:11
On the sidelines of the World Economic Forum, IKEA Switzerland CEO Simona Scarpaleggia offers her view on what it will take for the global gathering in Davos to achieve a 50-50 gender balance among participants. Scarpaleggia joined Sylvie Durrer of the Swiss Federal Office for Gender Equality, and Suba Umathevan of Plan international Switzerland at a WEF side event session on gender equality in Switzerland hosted by The Female Quotient – a female-owned business focused on workplace equality. IKEA Switzerland is one of the few companies, globally and in Switzerland, that has achieved a 50-50 gender balance in management. Italian-born Scarpaleggia called for an end to the part-time work taboo, which she views as one of the key barriers to increasing the pipeline of young talented women. “In Switzerland, it is really seen as a stop to a career but we [at IKEA] see it as an opportunity…why should we lose out on talent?” Under Scarpaleggia, IKEA Switzerland has established two ...
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The Swiss police are kind - even to offenders

Swissinfo EN - Mi, 01/23/2019 - 11:57
An encounter with the Zurich police left Arasan questioning their attitude towards law and order.  As a student on a tight budget, I hunted for part time jobs extensively. However, I was not able to land one despite my best efforts.  Luckily, a friend of my relative took over a kiosk in the infamous Langstrasse and I was able to work there.  Langstrasse is the abode of most of the illicit businesses in Zurich. You will find people howling, lying down on pavements, squabbling, etc. It is a place where you can easily forget you are in Switzerland.  Soon the happiness of finding a job faded away. I found it very troublesome to work with people living on the margins of society. Our main clientele are sex workers, drug peddlers, homeless people, asylum-seekers and party goers. I would have never known poverty existed in Switzerland if not for this place. People beg for 10 Rappen (around 10 cents) from every passer-by to buy a single cigarette (since the last six months we have ...
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Good neighbours: Liechtenstein turns 300

Swissinfo EN - Mi, 01/23/2019 - 09:00
The Principality of Liechtenstein is marking its tercentenary. But 2019 is also 100 years since its rapprochement with Switzerland. Since 1919, links have been so close in certain areas that one could almost consider Liechtenstein a Swiss canton.  On January 23, 1719, Holy Roman Emperor Charles VI united and upgraded Vaduz and Schellenberg to the rank of imperial principality under the aegis of the Liechtenstein dynasty. This date marks the birth of the sovereign state of Liechtenstein, even if the principality didn’t technically become an independent state until the fall of the Holy Roman Empire in 1806.  Wednesday’s commemorations mark the triggering of a series of events that will be held throughout the year.  “This jubilee is not only the chance for the residents of Liechtenstein to reflect on their history, but also to attract the attention of many tourists and visitors,” the principality said on its website for the festivities.  Liechtenstein was very close to the ...
Kategorien: News EN

Klaus Schwab: Switzerland’s openness is being put to the test

Swissinfo EN - Di, 01/22/2019 - 20:38
Founder of the World Economic Forum, Klaus Schwab, says Switzerland risks falling behind other economies in the face of rapid technological change. The country dropped from first to fourth in the WEF’s latest economic competitiveness index, ranking poorly in areas such as market openness and tariff complexity. + read more about how Switzerland ranked on the latest economic competitiveness index While openness has been the secret to the country’s success, Schwab says that it is being put to the test and he cautions the country about erecting barriers given its high dependence on exports. (SRF, swissinfo.ch) 
Kategorien: News EN

Honda Engines Expands GX Series V-Twin Model Lineup -

News Machinery - Di, 01/22/2019 - 18:10

- - • Honda i GX700/ i GXV700 and i GX800/ i GXV800 V-Twin general-purpose engines offer versatile power—expanding into larger and more demanding commercial applications for greater adaptability with excellent fuel efficiency in a compact package. - • The new engines, for sale to power equipment OEMs, expand the Honda V-Twin lineup and now are the most powerful electronic fuel-injected models offered by the Honda Power Equipment division.   - • The all-new Honda i GX700/ i GXV700 and i G...

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As Chinese economy slows, Swiss seek greater access

Swissinfo EN - Di, 01/22/2019 - 16:00
The presence of China’s vice president at the annual meeting of the World Economic Forum comes at a time of slowing economic growth at home and growing scrutiny of Chinese investments abroad, including in Switzerland. Gloom. Apprehension. Concern. China's Vice President Wang Qishan, currently attending the annual World Economic Forum in Davos, might want to skip the local papers. The Neue Zürcher Zeitung, a leading newspaper, decried "dark clouds over Chinese skies" in an article about the outlook of the Chinese economy. "China's economy is cooling, and the West is feeling the impact," the business newspaper Finanz und Wirtschaft said, pointing to slowing sales of major international brands. Even 20 Minuten, a free tabloid distributed at major transport hubs, reported on unfavorable prospects for the world's second-largest economy. One reason for the gloom was the quarterly release of official economic growth figures in Beijing on Monday. The world's second-largest economy grew ...
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Corruption, inequality, tax fraud – and Switzerland

Swissinfo EN - Di, 01/22/2019 - 15:58
Anti-corruption expert Mark Pieth calls on Switzerland to be tougher on tax havens and says growing populism in many countries means that it will increasingly fall to the private sector to tackle corruption. swissinfo.ch caught up with the founder of the Basel Institute on Governance during his 12th visit to the annual general meeting of the World Economic Forum (WEF) in Davos.  He recalled attending the WEF more than a decade ago to launch the Partnering for Anti-Corruption Initiative. Participants “thought my colleagues and I were clowns” for talking about corruption, he said. The initiative is now one of the longest-standing CEO-led collaborations at WEF.  But Pieth warned of new concerns in the fight against corruption, with the rise of populist governments in Brazil and elsewhere. People believe populist governments will solve all their problems, he tells Jessica Davis Plüss, but “the real tragedy is that many are the worst of crooks”. In this context, he said tackling ...
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How the Tezos blockchain could empower the poor

Swissinfo EN - Di, 01/22/2019 - 12:00
The Tezos blockchain is taking its first teetering steps following a difficult birth, marked by fractious rows and lawsuits. The Tezos foundation president has lofty goals for the platform, not least helping lift people out of poverty. But it first must deal with regulatory and investor demands. The Swiss-based foundation wants Tezos to be the premier blockchain platform for an anticipated decentralised social and economic revolution. To do that, the foundation - tasked with spending $500 million on the blockchain’s development – has to convince both the public and regulators of its merits. Foundation President Ryan Jesperson told swissinfo.ch that neither he nor the foundation have the power or the will to take over the controls. It’s up to the whole community of Tezos users to jointly shape its destiny, he says. However Jesperson, drawing on his Mormon background including two years spent on projects that “helped people lift themselves out of poverty”, has a personal vision ...
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Has the global labour organisation advanced workers’ rights?

Swissinfo EN - Di, 01/22/2019 - 11:30
As the Geneva-based International Labour Organization (ILO) marks its 100th birthday, experts reflect on the importance of the unique United Nations agency in today’s globalised world.  Back in 1919, the ILO’s unique tripartite structure, still present today, brought together governments, workers and employers with ambitious aims: to create a framework of worker rights, protection against exploitation and slavery, and to ensure the freedom to form unions.  One hundred years on, in a world of complex supply chains, insecure jobs, increasing global deregulation of the labour market and millions of people stuck in forced labour in factories, farms and fishing boats, is the ILO still relevant? For Sandrine Kott, professor of European contemporary history at the University of Geneva, the organisation still plays an important lead role defending social justice in the world of work. “But its weakness is that this discourse is not dominant right now, especially since the mid-1970s.
Kategorien: News EN

Who’s in the WEF in-crowd?

Swissinfo EN - Di, 01/22/2019 - 09:00
Making it on the participants list at the World Economic Forum (WEF) annual meeting is no easy feat. Just around 3,000 people make the cut. Despite efforts to attract more young people and women, the average participant is still a man in his 50s from Western Europe or North America. So, who can you expect in this elite crowd? More than half of the participants are from business, with a large portion chief executive officers and directors, such as Glencore CEO Ivan Glasenberg and Roche Chairman Christoph Franz. Of the more than 330 public figures, 60 heads of state are expected to attend, including Swiss President Ueli Maurer and Japanese Prime Minister Shinzo Abe, as well as many new faces including recently elected leaders of Iraq, Brazil and Ecuador. Over 40 heads of international organisations, including Robert Azevedo of the World Trade Organization (WTO) will attend. + See who made it into the in-crowd at the 2018 WEF Although more than half of the participants come from ...
Kategorien: News EN

Humanitarians and Davos: Pure as the driven snow?

Swissinfo EN - Mo, 01/21/2019 - 21:00
It’s that time of year again: the moneyed, the powerful, the famous, some who are all three, some who strive hopefully towards just one of those qualities, all are making their annual pilgrimage up the valley to Davos and the World Economic Forum. It’s an odd event, the forum, and not the most professionally satisfying for a journalist. I spent years reporting on it before a merciful editor decided it was someone else’s turn. The problem for us in the media is that, while there are plenty of newsmakers attending, from prime ministers, to billionaires, to despots, most, during their time in Davos, are more interested in networking than they are in answering awkward questions from news reporters. But it’s a networking opportunity the world’s humanitarian leaders rarely miss. My first ever Davos coincided with my first year as Geneva correspondent, and I remember being surprised that, in the run up to the forum, I was receiving multiple emails from aid agencies informing me that ...
Kategorien: News EN

Wärtsilä Ship Design Chosen for State-Of-The-Art Fishing Vessel

News Machinery - Mo, 01/21/2019 - 20:57

The technology group Wärtsilä will provide the ship design, as well as the main engine and other propulsion equipment, for a new state-of-the-art fishing vessel. The ship will be built at the Balenciaga shipyard in Spain for Castlehill, the Fraserburgh, Scotland based owners. The order with Wärtsilä was booked in November 2018. The 69.8 metres long 'Resolute' will replace an existing trawler of the same name in the owner's fleet. When delivered in 2020, this innovative vessel will provid...

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KBRwyle Continues to Help U.S. Marines Maintain Combat Readiness Worldwide

News Machinery - Mo, 01/21/2019 - 20:09

KBR, Inc. (NYSE: KBR) announced today that its global government services business, KBRwyle, has been awarded a $52 million, six-month contract extension by the U.S. Marine Corps (USMC) to continue to provide prepositioning and logistics support services for the USMC Blount Island Command. KBRwyle has operated under this contract for almost 10 years, demonstrating the Marine Corps' trust in KBRwyle to help maintain combat readiness for U.S. troops. Under this contract, KBRwyle acquires, m...

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Komatsu First to Operate Autonomous Haulage System Over Dedicated Private LTE Network

News Machinery - Mo, 01/21/2019 - 18:44

Komatsu America Corp., a leading global heavy equipment manufacturer, today announced the FrontRunner Autonomous Haulage System (AHS) has qualified to operate on private long-term evolution (LTE) mobile broadband technology. This is the mining industry's first AHS enabled to run on private LTE in commercial operations, making way for ultra-high system availability and reliability, while adhering to Komatsu's renowned safety standards. Komatsu's FrontRunner AHS allows unmanned operation of...

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Davos’s main runway, Zurich

Swissinfo EN - Mo, 01/21/2019 - 17:20
This time around, Trump, May and Macron will not transfer at Zurich’s main airport on their way to the World Economic Forum in Davos. For those in charge of security, these cancellations are by no means a respite. Here’s a look behind the scenes in the WEF control room at Zurich Airport, and at how motorcades are checked before accessing the runway.   As Zurich Cantonal Police Chief Thomas Würgler said at a media conference on Monday, “WEF might be in Davos, but it starts in Zurich”. Airport operator, Flughafen Zurich AG, expects around 130 extra aircraft movements per day compared to an average day. About 110 guests protected by international law, such as four members of royalty and 19 presidents, are expected among the numerous representatives of foreign governments and international organizations. The World Economic Forum is a major undertaking for the Swiss police corps, also outside Canton Graubünden, where the forum takes place. There too, as in previous years, the Zurich ...
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Material Analysis through Non-Destructive Testing Services Provides Options to Industry

News Machinery - Mo, 01/21/2019 - 17:15

In countless different industries there are times when performing material analysis requires the highest amount of sensitivity, and all other considerations are irrelevant. While a complete breakdown of a device or sample can give the most information in some circumstances, there are other times when reducing the sample to its component atoms isn't a viable option. - - All too frequently, product failures may only be present due to an interaction between components, but often it simply isn'...

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