Background Image
Previous Page  72 / 178 Next Page
Basic version Information
Show Menu
Previous Page 72 / 178 Next Page
Page Background

70

J

anuary

2011

www.read-tpt.com

G

lobal

M

arketplace

But Ms Clark observed that, more and more, customers in

emerging markets oblige manufacturers to establish design and

assembly facilities in their nations and to share critical aerospace

technology. Accordingly, Saj Ahmad, an analyst at the London-based

consulting firm FBE Aerospace, told her that he sees “a very big

risk” of job losses in Europe. He cautioned that adding or moving

production and design capabilities abroad, especially to lower-wage

countries, was likely to raise hackles back home.

Mr Gallois is aware that European governments have invested

heavily in infrastructure and provided significant research and

development support to EADS over decades, to ensure that high-

skills jobs remain in Europe. He stressed that EADS is committed to

its home base of France, Germany, Britain and Spain.

“I want to be clear that we are not on our way to leaving Europe,”

the EADS chief told Ms Clark. “But we need to build this third pillar

in emerging countries. And for sure, in the not-too-distant future, it

will be as important as the other two.”

licensing arrangement under which ZKMK will manufacture GE-

10 advanced technology gas turbines in Kazakhstan. According

to the Italian company (a unit of the Energy Infrastructure

division of General Electric Co, of the US), the GE-10 is a 10 to

14 megaWatt turbine designed for mechanical drive applications

including pipelines, re-injection, and other on- and offshore oil

and gas field services. It burns a wide range of liquid and gas

fuels including low BTU gas and hydrogen.

Seeking to benefit from growing energy demand with the

assistance of global partners, PetroChina Co is joining with

the Dutch-British supermajor Royal Dutch Shell Plc to study

energy projects in Canada and China. Mao Zefeng, a spokesman

for Hong Kong-listed PetroChina, said in a 10 November

telephone interview with

Bloomberg News

that the companies

will cooperate on an oil and gas project in Canada and also

jointly evaluate the Daning coalbed methane block in the Ordos

basin in Inner Mongolia.

An arm of state-owned China National Petroleum Corp,

PetroChina is the largest Chinese oil producer. Its president,

Zhou Jiping, said in August 2010 that the company planned

to increase cooperation with foreign energy companies to

accelerate its global expansion. Another agreement with Shell,

for the joint shale-gas assessment of the Fushun-Yongchuan

block in Sichuan, China, was signed in 2009.

Chinese energy demand will jump 75% by 2035, and will

account for more than a third of global growth in demand, the

International Energy Agency said in a November report.

Spotlight on:

India

Ambitious Indian companies in flight

from bureaucratic red tape turn their

attention to Africa

Writing from New Delhi in

BusinessWeek

, Mehul Srivastava and

his colleague Subrmaniam Sharma, of

Bloomberg News

, noted

the increasing attraction that Africa exerts on Indian companies

intent on growth. Like the Chinese before them, the Indians are

alert to opportunities for investment and outright acquisitions

across a variety of sectors. According to data compiled by

Bloomberg

and the Heritage Foundation, since 2005 Indian

businesses have spent some $16 billion on the continent of

Africa; Chinese businesses, at least $31 billion.

Many of the Indian companies looking toward Africa are tired of

regulatory headaches at home. But they also, according to the

two reporters, see Africa as a place where they can replicate

the low-cost, high-efficiency business model they have honed at

home. Like India, Africa has hundreds of millions of underserved

and eager prospective customers.

The global management consulting firm McKinsey & Co predicts

that spending by African consumers may double to as much as

$1.8 trillion by 2020. As noted by

BusinessWeek

, this would

amount to the addition of a consumer market the size of Brazil.

(“Corporate India Finds Greener Pastures — in Africa,” 4

November)

GE Oil & Gas has

extended its partnership

with JSC ZKMK

Oil & gas

Following an agreement signed last July for the servicing

of the GE fleet of oil and gas turbomachinery equipment

installed in the Republic of Kazakhstan, GE Oil & Gas (Florence,

Italy) and the Kazakh engineering manufacturing company JSC

ZKMK have extended their partnership. The two companies on 10

November announced the formation of a technology transfer and