TPT January 2011

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70 January 2011 ›
Global Marketplace
› 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