BBクリームは肌に悪い?肌への負担はファンデーションとどちらが少ない? – T-SITEニュース


T-SITEニュース

BBクリームは肌に悪い?肌へ負担はファンデーションとどちらが少ない?
T-SITEニュース
これは、肌そのもの乾燥を防ぐというより、メイク時乾燥を防いでメイク崩れを防ぐものと考えましょう。つまり、メイク前保湿ケアが不要になるというわけではありません。あくまで補助的な効果が期待できると捉えましょう。 ○UVカット効果 美肌を目指すためには、夏屋外だけでなく、日中はいつも日焼け止めを塗る...
CCクリームとBBクリーム違いってなに??それぞれ特長とおすすめアイテムをご紹介!livedoor

all 9 news articles »

東京司法書士会が「原発ADR相談会」(面談・電話)を3月4日(日) 午前10時~午後4時に開催 – SankeiBiz


東京司法書士会が「原発ADR相談会」(面談・電話)を3月4日(日) 午前10時~午後4時に開催
SankeiBiz
被災地の復興は着々と進んではいますが、いまだ生活再建等について悩みを抱える被災された方々は少なくありません。 特に、東京電力福島第一・第二原子力発電所事故で被災された方々には、原子力損害賠償紛争解決センター(ADRセンター)を利用した救済手続が用意されているにもかかわらず、利用方 ...

and more »

豪雪 農家の被害深刻 – しんぶん赤旗


しんぶん赤旗

豪雪 農家の被害深刻
しんぶん赤旗
日本共産党の藤野保史議員は、22日の衆院予算委員会で、各地を襲った記録的豪雪をめぐり、従来の枠組みを超える支援を行うよう求めました。 藤野氏は、福井県では19日までに、例年ほとんど報告されていなかった雪による農業用ハウスの損壊・倒壊が、800棟近く発生していると強調しました。 過去に従来の枠を ...

and more »

声上げ復興を前へ 被災者・自治体と思い一つ – しんぶん赤旗


しんぶん赤旗

声上げ復興を前へ 被災者・自治体と思い一つ
しんぶん赤旗
東日本大震災被災地を例年訪れている日本共産党の小池晃書記局長・参院議員は震災7年を前にした20、21の両日、参院東日本大震災復興特別委員会所属の紙智子、岩渕友両議員らとともに、岩手県でとりわけ被害の大きい陸前高田市、大槌町、釜石市を中心に、首長、被災者と懇談しました。生業(なりわい ...

「奥大山のブルーベリーヨーグリーナ&サントリー天然水」新発売 – PR TIMES (プレスリリース)


「奥大山ブルーベリーヨーグリーナ&サントリー天然水」新発売
PR TIMES (プレスリリース)
サントリー食品インターナショナル(株)は、「ヨーグリーナ」ブランドから新しい提案として、「奥大山ブルーベリーヨーグリーナ&サントリー天然水」を3月6日(火)から全国で発売します。今回、おなじみ「ヨーグリーナ&サントリー天然水」に、奥大山指定農園産ブルーベリー甘酸っぱい味わいを加えた、「奥大山 ...

「都会の農園バーベキュー広場」リニューアルオープン! – PR TIMES (プレスリリース)


「都会の農園バーベキュー広場」リニューアルオープン!
PR TIMES (プレスリリース)
遊びやショッピングでお台場を訪れた際に、気軽に楽しめるバーベキュー食材メニューもご用意しております。 特徴2、地方生産者のこだわり食材を楽しめる. Food's Styleが日本中の生産者の中から選りすぐりの食材を発掘!産地直送・驚きプライスでの販売スタート!話題のブランド豚「湘南みやじ豚」。最高級の「ゆい ...

災害時に効く「走る薬局」 金沢の企業 民間全国初 – 中日新聞


中日新聞

災害時に効く「走る薬局」 金沢の企業 民間全国初
中日新聞
石川県内で薬局や介護事業所事業を展開する中森かいてき薬局グループ(金沢市)が、大規模な災害が起きた際に被災地で薬を調剤、提供する医薬品供給車両「モバイルファーマシー」を北陸三県で初めて導入した。防災意識の高まりから全国の薬剤師会などで徐々に広がり始めているが、民間独自の導入 ...

皇太子さま、3月にブラジル訪問 水フォーラム出席 – 日本経済新聞


読売テレビ NEWS&WEATHER

皇太子さま、3月にブラジル訪問 フォーラム出席
日本経済新聞
皇太子さまが3月、「第8回世界フォーラム」に出席するためブラジルを訪問されることが23日の閣議で報告された。3月16日に出発し、19日に首都ブラジリアで開かれる同フォーラム開会式であいさつし、基調講演も予定されている。テメル大統領主催の昼食会にも出席される。帰国は22日。 皇太子さまはに関する問題 ...
皇太子さま、来月ブラジルご訪問へ 世界フォーラムご臨席産経ニュース
皇太子さま、来月ブラジルへ=世界フォーラムで講演ニフティニュース

all 4 news articles »

United Company RUSAL Plc: Mandate in Relation to the Potential Acquisition or Disposal of Shares in Norilsk Nickel Pursuant to a Settlement Agreement with Interros Which May Constitute a Very Substantial Acquisition or Disposal of the Company

HONG KONG--(BUSINESS WIRE)--Regulatory News:

United Company RUSAL Plc (Paris:RUSAL) (Paris:RUAL):

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

UNITED COMPANY RUSAL PLC
(Incorporated under the laws of Jersey with limited liability)
(Stock Code: 486)

MANDATE IN RELATION TO THE POTENTIAL ACQUISITION
OR DISPOSAL OF SHARES IN NORILSK NICKEL PURSUANT
TO A SETTLEMENT AGREEMENT WITH INTERROS WHICH
MAY CONSTITUTE A VERY SUBSTANTIAL ACQUISITION OR
DISPOSAL OF THE COMPANY

Reference is made to the announcements of the Company dated 4 December 2012, 11 December 2012, 24 December 2012, 25 April 2013, 28 June 2013, 30 August 2013, 1 October 2013, 20 October 2014, 10 July 2015 and 5 April 2016 (the “Announcements”) and the circular of the Company dated 25 June 2014 (the “Circular”) regarding the settlement between the Company and Interros in relation to Norilsk Nickel. Unless otherwise stated herein, capitalized terms used in this announcement shall have the same meanings as those defined in the Circular.

As disclosed in the Circular, pursuant to the Agreement, there was a lock-up period during which each of the Company and Whiteleave (which has replaced Interros as a party to the Agreement) was prohibited from selling its shares in Norilsk Nickel such that its shareholding in Norilsk Nickel would become lower than 20% (the “Lock-up”). Under the Agreement, the Company and Whiteleave may sell/buy shares of Norilsk Nickel held to/from the other pursuant to a buy-sell process (“Shoot Out”) following the expiry of the Lock-up. As described in the Circular, the Potential Shoot Out Transaction was at the time treated as a major transaction pursuant to the Listing Rules and was approved by way of a written resolution of the Allied Shareholders in lieu of seeking approval of Shareholders at a duly convened general meeting of the Company.

As the Lock-up has now expired, the Shoot Out can be exercised by either the Company or Whiteleave at any time. If the Shoot Out is exercised, the Potential Shoot Out Transaction resulting therefrom may constitute a very substantial acquisition or a very substantial disposal of the Company (depending on the results of the Shoot Out) under Chapter 14 of the Listing Rules and will therefore subject the Company to the announcement, circular and shareholders’ approval requirements under Chapter 14 of the Listing Rules.

In order to facilitate the Company in its initiation of, or response to, a potential Shoot Out and related matters, the Company proposes to seek the approval of the Shareholders, at the EGM by way of poll, of a Mandate which shall authorise the Board to effect the Potential Shoot Out Transaction as and when appropriate. The Mandate will be granted subject to certain terms set out in this announcement, including the period within which the Mandate will be valid and effective, and the minimum Selling Price and the maximum Purchase Price for the Potential Shoot Out Transaction.

A circular containing, among other things, further details of the Shoot Out as well as any other information required to be disclosed under the Listing Rules is expected to be despatched to the Shareholders on or before Friday, 16 March 2018.

INTRODUCTION

Reference is made to the Announcements and the Circular regarding the settlement in relation to Norilsk Nickel. Unless otherwise stated herein, capitalized terms used in this announcement shall have the same meanings as those defined in the Circular.

As disclosed in the Circular, pursuant to the Agreement, there was the Lock-up pursuant to which each of the Company and Whiteleave (which has replaced Interros as a party to the Agreement) was prohibited from selling its shares in Norilsk Nickel such that its shareholding in Norilsk Nickel would become lower than 20%. Under the Agreement, either the Company or Whiteleave may sell/buy the shares of Norilsk Nickel held to/from the other pursuant to the Shoot Out upon the expiry of the Lock-up. As described in the Circular, the Potential Shoot Out Transaction was treated as a major transaction at the time pursuant to the Listing Rules and was approved by way of a written resolution of the Allied Shareholders in lieu of seeking approval of Shareholders at a duly convened general meeting of the Company.

According to the annual report of Norilsk Nickel for 2016, the shareholding structure of Norilsk Nickel was as follows:

THE SHOOT OUT

Under the Agreement, either the Company or Whiteleave (which has replaced Interros as a party to the Agreement) may initiate a Shoot Out by offering to purchase shares of Norilsk Nickel held by the other party or its affiliates at a price not less than the six-month weighted average price of the shares of Norilsk Nickel immediately prior to the offer date plus 20%, at any time following the expiry of the Lock-up up to the expiry of the term of the Agreement (i.e. 1 January 2023).

Following the receipt of the offer, the offeree party shall, within 90 days, either: (i) sell its shares at the offer price, (ii) buy the shares of the offering party at the offered price; or (iii) ask the offering party to acquire its shares at a higher price. If the offeree party asks for a higher price, the offering party is obliged either to buy at the higher price, or sell at the higher price.

In the event a party refuses to honour its aforesaid obligation to sell or purchase shares in Norilsk Nickel, thereby breaching the terms of the Shoot Out in the Agreement, the non-breaching party will be entitled to purchase (and the breaching party shall sell) 1.875% of the issued shares in Norilsk Nickel held by the breaching party at a price of USD1.

As the Lock-up has now expired, the Shoot Out can be exercised by the Company or Whiteleave at any time. If the Shoot Out is exercised, the Company may be required to buy some or all of Whiteleave’s shares in Norilsk Nickel or sell some or all of its shares in Norilsk Nickel to Whiteleave, depending on the results of the Shoot Out.

Based on the current financial information of the Company and Norilsk Nickel, the Potential Shoot Out Transaction may constitute a very substantial acquisition or a very substantial disposal of the Company (depending on the results of the Shoot Out) under Chapter 14 of the Listing Rules, and will therefore subject the Company to the announcement, circular and shareholders’ approval requirements under Chapter 14 of the Listing Rules.

MANDATE

In order to facilitate the Company in its initiation of, or response to, an offer under a potential Shoot Out and related matters, the Company proposes to seek the approval of the Shareholders, at the EGM by way of poll, of a Mandate which shall authorise the Board to effect the Potential Shoot Out Transaction as and when appropriate. The Mandate consists of an Acquisition Mandate and a Disposal Mandate, the terms of which are set out as follows:

Acquisition Mandate

Parties:  

(i)The Company and/or such other person or persons designated
by the Company (as the purchaser(s)); and

 
(ii)Whiteleave (as the seller).
 

Maximum number of
Norilsk Nickel Shares to be
acquired by the Company
pursuant to an exercise of
the Acquisition Mandate

The maximum number of Norilsk Nickel Shares to be acquired is
the number of Norilsk Nickel Shares beneficially owned by
Whiteleave (and/or its affiliates).

 

Mechanism for setting the
Purchase Price

Pursuant to the Agreement, the initial offer price per Norilsk
Nickel Share should be not less than six-month weighted average
price per Norilsk Nickel Share immediately prior to the offer date,
plus 20%.

 

Following the approval of the Acquisition Mandate and during the
term of the Mandate period, the Board shall be authorised and
empowered to determine at its sole and absolute discretion the
Purchase Price (including to make an offer to Whiteleave at the
Purchase Price or to accept a counter-offered price as the Purchase
Price), upon the condition that the maximum Purchase Price shall
not exceed USD320. This does not however mean that the
Company may not offer a Purchase Price lower than USD320.

 

 

Scope of authority under the
Acquisition Mandate

Following the approval of the Acquisition Mandate and during the
term of the Mandate, the Board is authorised and empowered to
determine, decide, execute and implement with full discretion all
matters relating to the Shoot Out (or equivalent acquisitions or
disposals), including but not limited to the right to make or accept
an offer or counter-offer or to agree with the counterparty another
transaction process not restricted by the present Shoot Out
requirements, subject to the limits as set out in the Acquisition
Mandate.

 
Mandate period

One year from the date the Mandate is granted by relevant
ordinary resolutions at the EGM.

 
Financing

The Company may enter into debt and/or equity financing
transactions necessary to comply with the terms of Shoot Out on
customary market terms.

 

Disposal Mandate

Parties:  

(i)The Company and/or its affiliates and related persons (as the
seller(s)); and

 
(ii)Whiteleave (as the purchaser).
 

Maximum number of Norilsk
Nickel Shares that may be
disposed of by the Company
pursuant to an exercise of the
Disposal Mandate

The maximum number of Norilsk Nickel Shares to be disposed is
up to the total number of the Norilsk Nickel Shares held by the
Company (and/or its affiliates and related persons).

 

Mechanism for setting the
Selling Price

Pursuant to the Agreement, the initial offer price per Norilsk
Nickel Share should be not less than six-month weighted average
price per Norilsk Nickel Share immediately prior to the offer date,
plus 20%.

 

Following the approval of the Disposal Mandate, upon receipt of
an offer from Whiteleave and during the term of the Mandate
period, the Board shall be authorised and empowered to determine
at its sole and absolute discretion the Selling Price (including to
accept the offered price as the Selling Price, or to seek a higher
Selling Price in a counter-offer), upon the condition that the
minimum Selling Price shall not be less than the greater of (i)
USD220.8, being the six-month weighted average price per
Norilsk Nickel Share as at the date of this announcement, plus
20%; and (ii) six-month weighted average price per Norilsk
Nickel Share immediately prior to the offer date, plus 20%.

 

Scope of authority under the
Disposal Mandate

Following the approval of the Disposal Mandate and during the
term of the Mandate, the Board shall be authorised and
empowered to determine, decide, execute and implement with full
discretion all matters relating to the Shoot Out (or equivalent
acquisitions or disposals), including but not limited to the right to
make or accept an offer or counter-offer or to agree with the
counterparty another transaction process not restricted by the
present Shoot Out requirements, subject to the limits as set out in
the Disposal Mandate.

 
Mandate period

One year from the date the Mandate is granted by relevant
ordinary resolutions at the EGM.

 

Under the terms of the Shoot Out, the amount of shares that may be subject to such sale or purchase shall be the lesser of the total amount of shares held by Company (and/or its affiliates) and Whiteleave (and/or its affiliates) respectively at the time of the commencement of the Shoot Out. However, it is likely that the Company and Whiteleave may further negotiate for the purchase and sale of the remaining stake held by the party who accepts an offer to sell, as the purpose of the Shoot Out is to buyout the other party. Therefore, the maximum number of Norilsk Nickel Shares that the Board is seeking approval to buy or sell under the Mandate is the maximum number of Norilsk Nickel Shares held by the Company, Whiteleave and their respective affiliates (as applicable). Based on the number of Norilsk Nickel Shares held by the Company, Whiteleave and their respective affiliates as at the date of this announcement, the maximum number of Norilsk Nickel Shares that may be the subject of the Potential Shoot Out Transaction (assuming the parties will buy out the entire stake held by the other in the Shoot Out) is approximately 48,106,624 Norilsk Nickel Shares (being the total number of Norilsk Nickel Shares held by Whiteleave and its affiliates as stated in the 2016 annual report of Norilsk Nickel). This is the maximum number of Norilsk Nickel Shares which may be purchased by the Company pursuant to an exercise of the Mandate (including the Acquisition Mandate and Disposal Mandate). On the basis of such number of Norilsk Nickel Shares, the total consideration payable by the Company upon exercise of an Acquisition Mandate in a Potential Acquisition (assuming the maximum Purchase Price of USD320) would be approximately USD15,394 million, and the total cash amount receivable by the Company upon exercise of a Disposal Mandate in a Potential Disposal (assuming the minimum Selling Price of USD220.8, being the six-month weighted average price per Norilsk Nickel Share as at the date of this announcement, plus 20%) would be approximately USD10,622 million.

Upon being granted the Mandate, the Board would have the full authority and discretion, on behalf of the Company to: (i) make an offer, or accept a counter-offer to acquire Norilsk Nickel Shares held by Whiteleave up to the maximum Purchase Price in accordance with the terms of the Acquisition Mandate; and/or (ii) to accept an offer or counter-offer to sell Norilsk Nickel Shares held by the Company at the minimum Selling Price in accordance with the terms of the Disposal Mandate.

CONSIDERATION

Purchase Price in a potential acquisition pursuant to the Acquisition Mandate

The consideration which may be payable by the Company in respect of an acquisition from Whiteleave under the Acquisition Mandate shall be determined over the Shoot Out process, and shall be not less than six-month weighted average price per Norilsk Nickel Share immediately prior to the offer date, plus 20%.

On the basis of the current shareholding in Norilsk Nickel Shares by the Company, Whiteleave and their respective associates, the maximum total consideration payable under the Shoot Out pursuant to an exercise of the Acquisition Mandate (assuming the mandate is exercised on the date of this announcement) would be USD14,090 million (being an amount equivalent to the maximum Purchase Price of USD320 per Norilsk Nickel Share multiplied by 44,030,958 Norilsk Nickel Shares). In the event the Company further negotiates for the acquisition of the remaining stake held by Whiteleave and its associates resulting from the Shoot Out (up to the maximum number of Norilsk Nickel Shares which may be purchased under the Acquisition Mandate), then the maximum total consideration payable by the Company would be increased to USD15,394 million (being the amount equivalent to the maximum Purchase Price of USD320 per Norilsk Nickel Share multiplied by 48,106,624 Norilsk Nickel Shares (i.e. the total number of Norilsk Nickel Shares held by Whiteleave and its affiliates as shown in the 2016 annual report of Norilsk Nickel).

The minimum Purchase Price payable (being the six-month weighted average price per Norilsk Nickel Share immediately prior to the offer date, plus 20%) was determined based on the terms of the Shoot Out under the Agreement, which was arrived at after arm’s length negotiation with a view to settle the previous disputes between the Company and Interros.

The maximum Purchase Price payable of USD320 was determined taking into account, inter alia, (a) the audited total asset value of the Norilsk Nickel group of approximately USD16,881 million as at 30 June 2017; (b) an appropriate control premium given the fact that Norilsk Nickel will be consolidated as a subsidiary of the Company following completion of the acquisition; (c) the growth potential of Norilsk Nickel which will further benefit from the development strategy and increased management and oversight by the Company following the consolidation (given the positive track record of the Company in managing metal assets worldwide); (d) the advantages and further synergy that could be derived from the further consolidation of Russia’s non-ferrous metal industry resulting from the consolidation of the Group and the Norilsk Nickel group; and (e) the costs incurred by the Group in relation to the Shoot Out.

Selling Price in a potential disposal pursuant to the Disposal Mandate

The consideration that may be received by the Company in respect of a disposal under the Disposal Mandate shall be determined over the Shoot Out process, and the price per share shall not be less than the six-month weighted average price per Norilsk Nickel Share immediately prior to the offer date, plus 20% (being the minimum offer price that may be made in respect of a Shoot Out pursuant to the terms of the Agreement, which was arrived at after arm’s length negotiation with a view to settle of the Company’s previous disputes with Interros).

Despite the above mechanism for setting the minimum Selling Price pursuant to the terms of the Shoot Out under the Agreement, the Board would suggest that the Company should not accept an offer by Whiteleave of a Selling Price that is lower than USD320. Such minimum Selling Price was determined with reference to the factors set out above which the Board took into consideration when determining the maximum Purchase Price.

PAYMENT TERMS IN RELATION TO THE CONSIDERATION

It is expected that the consideration will be payable in cash and shall be settled on the date of completion of the sale or purchase pursuant to the Shoot Out (which shall take place within 90 days from the date of the relevant offer or counter-offer).

Pursuant to the terms of the Agreement, any offer or counter-offer to purchase Norilsk Nickel Shares held by the offeree party shall be accompanied by a confirmation that the offering party has the money at its disposal and/or a legally binding letter from a bank (or a banking syndicate) with a commitment to provide financing to pay the Purchase Price.

FUNDING OF THE POTENTIAL ACQUISITION

The aggregate consideration (i.e. aggregate Purchase Price) which shall be payable by the Company in respect of a potential acquisition from Whiteleave may be financed by the Company by bank borrowings, through equity financing and/or fund raising platforms as well as internal resources of the Company.

USE OF PROCEEDS FROM THE POTENTIAL DISPOSAL

It is expected that the Company would receive a cash amount of no less than USD 9,722 million from the disposal of its shareholding in Norilsk Nickel on the basis of the minimum Selling Price (being the six-month weighted average price per Norilsk Nickel Share immediately preceding the date of this announcement plus 20%), assuming the Company does not dispose of any Norilsk Nickel Shares prior to the commencement of the Shoot Out. The Group expects to apply approximately USD5,900 million for repayment of loans, approximately USD250 million for additional capital expenditure programme and the remaining of proceeds for special dividends payment, for the increase of working capital and cash liquidity of the Group.

INFORMATION OF NORILSK NICKEL

Norilsk Nickel is the world’s largest palladium producer, the second largest nickel producer and one of the leading producers of platinum and copper. It also produces various by-products, such as cobalt, rhodium, silver, gold, iridium, ruthenium, selenium, tellurium and sulfur. The Norilsk Nickel group is involved in prospecting, exploration, extraction, refining and metallurgical processing of minerals, as well as in production, marketing and sale of base and precious metals. Its key assets are located in Norilsk region and Kola Peninsula in Russia, with foreign production facilities located in Finland and South Africa. In 2017, Norilsk Nickel produced 217 kiloton of nickel, 401 kiloton of copper, 2780 koz of palladium and 670 koz of platinum.

In Russia, the shares of Norilsk Nickel are on the First Level quotation list of the Moscow Exchange and admitted to trading at the Saint-Petersburg Exchange. Its American Depositary Receipts (ADRs) are traded on the over-the-counter (OTC) market of the United States of America, and in the electronic trading system of OTC markets at the London, Berlin and Frankfurt stock exchanges. The Company’s ADRs are also included in the FTSE Russia IOB Index of the London Stock Exchange.

According to Norilsk Nickel´s financial data prepared in accordance with International Financial Reporting Standard (“IFRS”) for the half-year ended 30 June 2017, Norilsk Nickel has the following key financial indicators:

USD million
(unless otherwise
specified)

  1H 2017   2016  

1H 2017/
1H 2016,%

 
Revenue 4,248 8,259 +11%
EBITDA 1,744 3,899 -3%
EBITDA margin 41% 47% -6 p.p.
Net profit 915 2,531 -30%
Capital expenditures 699 1,695 -1%
Net debt 5,598 4,551 +23%
Net debt / EBITDA 1.5x 1.2x +0.3x

Based on the annual and interim report of Norilsk Nickel: (i) the total asset value and net asset value of Norilsk Nickel as at 30 June 2017 was USD16,881 million and USD3,655 million respectively; and (ii) for the latest two calendar years and six months, the net profits of Norilsk Nickel were as follows:

  Before taxation   After taxation
(USD, in millions) (USD, in millions)
 

For the year ended 31
December 2015 (audited)

3,506 1,716

For the year ended 31
December 2016 (audited)

3,276 2,531

For the six months ended 30
June 2017 (audited)

1,218 915

The highest and lowest closing price of Norilsk Nickel Shares as quoted on Moscow Stock Exchange (MICEX) in the six months immediately before the date of this announcement was USD208.40 and USD153.70, respectively. For reference, the six-month weighted average price per Norilsk Nickel Share immediately prior to the date of this announcement is USD184 per Norilsk Nickel Share.

Following completion of any disposal, Norilsk Nickel will cease to be included in the consolidated financial statements of the Company as an associated company.

REASONS FOR AND BENEFITS OF GRANTING THE MANDATE

The Agreement was entered on 10 December 2012 and at the time Crispian Investments Limited (“Crispian”) was brought in as a shareholder of Norilsk Nickel to act as a de facto arbiter (to create a system of checks and balances within the corporate governance of Norilsk Nickel at the conclusion, and part of the settlement, of the lengthy corporate war between the Company and Interros). As announced by the Company on 19 February 2018, Crispian has served notice on the Company informing the Company that it intends to sell certain of its shares to Bonico Holdings Co Ltd and purporting to give the Company and Whiteleave pro rata rights of first refusal to acquire the relevant shares. With the potential exit of the balancing stake in Norilsk Nickel held by Crispian, the Company and Whiteleave (which has replaced Interros as a party to the Agreement but a controlled corporation of Mr. Potanin) must either resolve any disputes among them, if any, or alternatively, utilize the Shoot Out, being a dispute resolution mechanism in-built into the Agreement to deal with potential deadlocks or disagreement between the Company and Whiteleave, to buy out the other’s Norilsk Nickel Shares. Given the above, the Shoot Out may in fact be a real possibility if the relationship between the Company and Whiteleave deteriorates.

Where, due to prevailing circumstances, a Shoot Out is imminent, it would be crucial for the Board to be prepared and have the flexibility to expediently make an offer or counter-offer as and when appropriate.


Contacts

United Company RUSAL Plc


Read full story here

United Company RUSAL Plc: Annual Results Announcement for the Year Ended 31 December 2017

HONG KONG--(BUSINESS WIRE)--Regulatory News:

United Company RUSAL Plc (Paris:RUSAL) (Paris:RUAL):

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

UNITED COMPANY RUSAL PLC
(Incorporated under the laws of Jersey with limited liability)
(Stock Code: 486)

ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2017

Key highlights

  • During 2017, the market environment was favourable for the aluminium industry. Recovery in the London Metals Exchange (“LME”) aluminium price in 2017 by 22.7% to an average of USD1,968 per tonne as compared to USD1,604 per tonne in 2016 together with an increase in volumes of primary aluminium and alloys sold by 3.6% between the same periods as well as a growth in share of value added products (“VAP”) in total aluminium sales to 47.3% in 2017 in comparison with 44.0% in 2016 resulted in the growth of revenue of United Company RUSAL Plc (“UC RUSAL” or the “Company”, together with its subsidiaries, the “Group”) in 2017 by 24.9% to USD9,969 million as compared to USD7,983 million in 2016.
  • On the back of strong LME prices and healthy demand the Group’s Adjusted EBITDA increased to USD2,120 million in 2017, an increase of 42.4% as compared to 2016 and the highest result since 2012.
  • The Group increased its Adjusted EBITDA to USD586 million in the fourth quarter of 2017 as compared with USD549 million for the third quarter of 2017 despite significant pressure on cost of production. Focus on efficiency and cost reduction initiatives limited aluminium segment cost per tonne increase by 5.4% to USD1,602 per ton in the fourth quarter of 2017 in comparison with USD1,520 in the third quarter of 2017 as a result of the increase in energy and other raw material costs as well as appreciation of Russian Ruble.
  • UC RUSAL achieved Adjusted Net Profit and Recurring Net Profit of USD1,077 million and USD1,573 million, respectively, in 2017, as compared to USD292 million and USD959 million in 2016.
  • In February 2017, the Company completed its third offering of Eurobonds with the following key terms: principal amount of USD500 million, tenor of 5 years, coupon rate of 4.85% per annum. The bonds proceeds were applied for partial prepayment of UC RUSAL’s existing debt.

Statement of the Chief Executive Officer

In 2017 strong global demand for aluminium ensured a positive market backdrop for the industry, with UC RUSAL’s estimates showing that global demand for the metal grew by 6% throughout the year to 64 million tonnes. The global aluminium market balance was left in a deficit of around 1 million tonnes whilst the LME price grew by 22.7% year-on-year (“YoY”).

Alongside this positive macro backdrop, UC RUSAL’s fourth quarter and full year results demonstrated continued momentum. The Company delivered robust operating results and sales volumes growth, which, coupled with the LME price’s solid improvement, led to the fourth quarter revenue increasing by 11.6% quarter-on-quarter (“QoQ”) to USD2,745 million. Despite a rise in cost inflation, UC RUSAL’s management succeeded in keeping costs under control to reach USD586 million in EBITDA with a healthy margin of 21.3% in the last quarter of the year.

The full year results seemingly demonstrated UC RUSAL’s solid position in its core business. Revenue increased to nearly USD10 billion while full year 2017 EBITDA was up by 42.4% to reach USD2,120 million. Importantly, 2017 saw UC RUSAL achieve further progress in key strategic priorities. Production of value added products reached approximately 50% in total output. We launched our bespoke brand of low carbon aluminium, “ALLOW”, which we believe will be in demand from climate-conscious customers. We also expanded our product portfolio with new downstream acquisitions.

Throughout the year, UC RUSAL continued to improve its debt profile by actively pursuing capital markets opportunities and engaging with its strategic financial partners. Post reporting period, the Group successfully tapped into the Eurobonds market and offered USD500 million of bonds. Overall, the Groups’s debt structure provides for minimal liquidity risk and greater operational flexibility, which leaves the Group in good shape for 2018.

  Vladislav Soloviev
Chief Executive Officer

23 February 2018

Financial and Operating Highlights

   

Quarter ended 31
December

 

Change,
quarter
on
quarter,
(4Q to
4Q)

 

Quarter
ended 30
September

 

Change,
quarter
on
quarter,
(4Q to
3Q)

 

Year ended 31
December

 

Change,
year-on-
year

2017   2016 2017 2017   2016
unaudited unaudited unaudited
 

Key operating
data

(’000 tonnes)
Aluminium 945 930 1.6% 931 1.5% 3,707 3,685 0.6%
Alumina 1,991 1,939 2.7% 1,965 1.3% 7,773 7,528 3.3%
Bauxite 2,944 2,841 3.6% 2,742 7.4% 11,645 12,187 (4.4%)
 
(’000 tonnes)

Sales of primary
aluminium and
alloys

1,000 922 8.5% 968 3.3% 3,955 3,818 3.6%
 
(USD per tonne)

Production cost
per tonne in
Aluminium
segment1

1,602 1,344 19.2% 1,520 5.4% 1,508 1,333 13.1%

Aluminium
price per tonne
quoted on the
LME2

2,101 1,710 22.9% 2,011 4.5% 1,968 1,604 22.7%

Average
premiums over
LME price3

161 151 6.6% 162 (0.6%) 163 159 2.5%

Average sales
price

2,263 1,799 25.8% 2,124 6.5% 2,105 1,732 21.5%

Alumina price
per tonne4

445 307 45.0% 310 43.5% 354 253 39.9%
 

Key selected
data from the
consolidated
statement of
income

(USD million)
Revenue 2,745 2,027 35.4% 2,460 11.6% 9,969 7,983 24.9%

Adjusted
EBITDA

586 412 42.2% 549 6.7% 2,120 1,489 42.4%

margin (% of
revenue)

21.3% 20.3% NA 22.3% NA 21.3% 18.7% NA

Profit for the
period

440 645 (31.8%) 312 41.0% 1,222 1,179 3.6%

margin (% of
revenue)

16.0% 31.8% NA 12.7% NA 12.3% 14.8% NA

Adjusted Net
Profit for the
period

350 44 695.5% 262 33.6% 1,077 292 268.8%

margin (% of
revenue)

12.8% 2.2% NA 10.7% NA 10.8% 3.7% NA

Recurring Net
Profit for the
period

451 207 117.9% 436 3.4% 1,573 959 64.0%

margin (% of
revenue)

16.4% 10.2% NA 17.7% NA 15.8% 12.0% NA
 

1 For any period, “Aluminium segment cost per tonne” is calculated as aluminium segment revenue less aluminium segment results less amortisation and depreciation divided by sales volume of the aluminium segment.
2 Aluminium price per tonne quoted on the LME representing the average of the daily closing official prices for each period.
3 Average premiums over LME realized by the Company based on management accounts.
4 The average alumina price per tonne provided in this table is based on the daily closing spot prices of alumina according to Non-ferrous Metal Alumina Index FOB Australia USD per tonne.

Key selected data from consolidated statement of financial position

    As at  

Change year-
on-year

31 December
2017

 

31 December
2016

 
(USD million)
Total assets 15,774 14,452 9.1%
Total working capital5 1,761 1,691 4.1%
Net Debt6 7,648 8,421 (9.2%)
 

Key selected data from consolidated statement of cash flows

    Year ended  

Change year-
on-year

31 December
2017

 

31 December
2016

 
(USD million)
Net cash flows generated from operating activities 1,702 1,244 36.8%
Net cash flows generated from investing activities 2 104 (98.1%)
of which dividends from associates and joint ventures 806 336 139.9%
of which CAPEX7 (842) (575) 46.4%
Interest paid (493) (452) 9.1%
 

5 Total working capital is defined as inventories plus trade and other receivables minus trade and other payables.
6 Net Debt is calculated as Total Debt less cash and cash equivalents as at the end of any period. Total Debt refers to UC RUSAL’s loans and borrowings and bonds outstanding at the end of any period.
7 CAPEX is defined as payment for the acquisition of property, plant and equipment and intangible assets.

Overview of Trends in the Aluminium Industry and Business Environment

Highlights for the full year 2017

  • Global aluminium demand rose by 6% in 2017 to 64 million tonnes, amid coordinated economic growth in major regions of the world, including China, Europe and North America. In 2018, global demand is expected to build on the positive foundations of the past year to increase by 5% to 67.3 million tonnes. Robust demand growth left the global aluminum market balance in a deficit at around 1 million tonnes in 2017 and is expected to rise to above 2 million tonnes in 2018.
  • Global aluminium supply is expected to grow by 2.8% in 2018 compared to 5.7% growth in 2017. In China there is strong evidence of the implementation of supply side reform in the Chinese aluminum industry in 2017 with more than 10 million illegal operating capacity and projects having been cut.
  • As estimated significant part of aluminium smelters closed during current winter cuts season will not return to the market due to severe environmental regulation for smelters emissions in 26+2 cities, high restarting costs and current low profitability.
  • Chinese semis exports stay under significant pressure from international anti-dumping initiatives and there have been recent announcements for further investigations under Section 232 alongside the possible introduction of new duties on Chinese semis exported to the US. As a result, aluminium Midwest premium in the US hit USD12 c/t with potential move to USD14 c/t.
  • The reported aluminium inventories in the world ex-China fell further to ~ 2.9 million tonnes at the end of 2017, down ~ 1.0 million tonnes from the level at the end of 2016 to historical low level for stock to consumption ratio of 36 days compared to 115 days peak in mid of 2015.

The LME aluminium price rose 22.7% YoY in 2017 and reached USD2,256/t on January 2, 2018, nearly a six-year high, consolidating later at a new level of USD2,200/t as a result of widespread capacity cuts in China and a steady reduction of LME stocks - further evidence of a global market deficit. The rising cost inflation in China made a significant share of operating Chinese aluminium capacity barely breakeven by the end of 2017.

Aluminium demand

Global aluminium demand rose by 6% to 64.2 million tonnes in 2017. In the world excluding China, demand grew by 3.7% to 29.2 million tonnes, while Chinese demand increased by 7.8% to 34.9 million tonnes. Despite high aluminium prices there is a slow process of restarting capacity capability outside of China due to lack of competitive power tariff and high restarting costs.

China continued to lead global growth in 2017, with its economy confounding expectations of a slowdown. Full year GDP increased by 6.9%, an upturn from the 6.7% pace of 2016 and well above the official target of 6.5%. The key driver of aluminium demand, industrial production, mirrored the improvement in the broader economy, accelerating to 6.6% growth in 2017, from 6% the prior year. There was broad based strength across the major aluminium consuming industrial sectors, with construction, manufacturing and transportation all remaining robust. Floor space under construction started in 2017, rose by 10.5%, while auto production rose by 2.1%, but growth in production of commercial vehicles was much sharper, up by 13.8%. Strong investment in the power sector, especially in green energy, also provided further impetus to aluminium demand.

In North America, underlying demand began the year cautiously before strengthening through the year. There was a welcome return to positive growth in industrial production in 2017, rising by 1.8% in the United States, following a contraction in the prior year. Despite a 3.9% decline in North American motor vehicle production, aluminium demand from the sector grew strongly, amid rising intensity of use, especially in the rolled products sector. Construction activity remained solid, with housing starts rising by 2.4% to 1.1 million units, and pointing to a robust outlook for extrusions demand given the lag between starts and aluminium consumption in the build. In 2017 as a whole, primary aluminium demand rose by an estimated 2.6% to 6.8 million tonnes.

The recovery in the Eurozone economy was particularly impressive, with industrial activity improving throughout 2017. Manufacturing PMIs were illustrative of this trend, hitting multi-year highs in regional heavyweights Germany, France and Italy and even the UK shrugged off Brexit fears to increase through the year. The Eurozone manufacturing PMI ended the year at 60.6, its loftiest level since the currency group was formed. In a similar vein, the construction market built on strong growth in 2016, with further gains last year, which resulted in the production in construction index for Euro 28 countries also hitting multi-period highs. The pace of the auto market slowed slightly but vehicle output still rose by an estimated 1.4% across the region, although as in the US, intensity of use gains meant that sectoral aluminium demand ran well ahead of car production. This confluence of positive factors led to aluminium demand growth of 3.2% to 9.4 million tonnes in Europe (including Turkey but excluding Russia).

Japan’s economy carried on the strong momentum from the end of the previous year to accelerate in 2017, driven by a recovery in the industrial sector. This led to industrial production growth estimated at 4.4%, after a minor contraction in 2016. A key component of this growth was automotive, with vehicle production accelerating by an expected 5.6% for the full year, bouncing back from a decline in 2016. The construction market fared less well, with housing starts contracting by a modest 0.1%, although sectoral aluminium demand still increased, benefiting from follow through from buildings that began construction the prior year. In addition to the strength of underlying domestic demand, Japan was boosted by a strong global economy, which was supportive of its exports. This was evident in the aluminium sector as well as the broader manufacturing sector.

Economic activity has remained strong in the ASEAN region, as GDP in major countries such as Thailand, Vietnam and Indonesia, grew at a rate of between 4 and 7%. The region as a whole continues to benefit from major macro drivers such as industrialisation and urbanisation, in addition to investment in downstream industry, including in aluminium. This will result in primary aluminium demand increasing to 6.5 million tonnes or 3.5% in the Asian region (ex China & India) in 2017.

The other major growth driver in the rest of Asia is India, and although its economy slowed in 2017, amid economic reforms, the rate of increase in GDP would still be the envy of most developed countries. GDP is expected to have grown by 6.2% over the year as a whole, although picking up speed in the final two quarters. Industrial production followed a similarly positive trend, pointing to an acceleration in growth in 2018. Even with a slowdown in the economy, primary aluminium demand still rose by an impressive 5.6% to 2.1 million tonnes in 2017.

In our home market of Russia, following two years of negative economic growth, GDP rose by an estimated 1.9% in 2017. A recovery in oil prices supported government revenues and this is fed through into increased government spending on infrastructure. This boosted demand across a range of end uses but especially in the electrical sector. A change in regulations to allow aluminium wiring in buildings during 2017 provides a bullish backdrop for further consumption growth. Primary aluminium demand in Russia grew by 10.9% to 0.8 million tonnes in 2017 and expected to rise to 0.9-0.95 million tonnes in 2018.

Global supply

Global aluminium supply rose by 5.7% to 63.5 million tonnes in 2017. In the world excluding China, supply grew by 1% to 27.2 million tonnes, while Chinese supply increased by 9.5% to 36.4 million tonnes.

In China there is strong evidence of the implementation of Supply Side reform in the Chinese aluminum industry in 2017 with more than 10 million illegal operating capacity and project cuts. As a result, according to Aladdiny data annualized Chinese aluminum production in November has dropped to 35.4 million tonnes from its maximum of 38.6 million tonnes in July of 2017.

The announcement by the Chinese regulator regarding winter capacity cuts which have now been implemented will result in an annualized production losses of approximately 1 million tonnes of metal, and 4.4 million tonnes of alumina, according to UC RUSAL estimates. As estimated significant part of aluminium closed smelters during current winter cuts season will not return to the market due to sevear environmental regulation for smelters emissions in 26+2 cities, high restarting costs and current low profitability.

Larger losses may take place in carbon materials supply including anodes and coking coal, that would to exert an upward pressure on the costs bases for aluminium producers due to squeezes in raw materials supply chain.

Strong antipollution controls and environmental measures continue to be focused towards the energy intensive industries in China in 2018 with intention to further cap and reduce CO2 emissions. Several heavily aluminium producing provinces plan to curb CO2 emissions by 20-23% on average by 2020 from the 2015 level. Starting this year Chinese aluminum smelters start paying environmental tax potentially increasing production costs by 70-100 RMB/tonne for big producers.

In addition to China domestic regulatory measures, Chinese semis exports stay under significant pressure from international anti-dumping initiatives and there has been recent announcements for further investigations under Section 232 alongside the possible introduction of new duties on Chinese semis exported to the US. This may result in a continued drop of exports of Chinese FRP and other aluminium semis products to United States, the second largest Chinese semis consuming market.

Business review

Aluminium

  • Aluminium production in 4Q17 totaled 945 thousand tonnes (+1.5% QoQ), with Siberian smelters representing 94% of total aluminium output. Total production dynamics remained largely stable with capacity utilization reaching 97%. The production of value added products (VAP ) in 4Q17 amounted to 469 thousand tonnes (+9.1% YoY), the company maintains VAP production levels as per its guidance at c.50% of total product mix;
  • In 4Q17 aluminium sales increased (+3.3% QoQ) totaling 1 million tonnes. In 4Q17, sales of VAPs decreased to 462 thousand tonnes. (-3.5% QoQ). The QoQ decline in VAP sales dynamics is largely explained by a skew towards primary aluminium under existing contracts which led to a decline of VAP’s share in total sales to 46%. The Company expects that the sales mix will trend towards the production mix and targets 50-52% share of VAPs through 2018 on the back of a solid backlog of end-customer product orders for 2018 and the launch of new VAPs capacities;.
  • In 4Q17 the average aluminium realized price increased by 6.5% QoQ to USD2,263/t. The increase was due to positive dynamics in LME QP component (+7.1% QoQ to USD2,102/t). The average realized premium component remained almost flat (-0.6% QoQ to USD161/t);
  • In 12M17 aluminium production totaled 3,707 thousand tonnes (+0.6% YoY);
  • In 12M17 aluminium sales increased (+3.6% YoY) totaling 3,955 thousand tonnes. This increase was achieved largely due to an increase in third party aluminium products sales (+91.3% YoY to 169 thousand tonnes);
  • During 12M17, the company as per its strategy continued to grow VAP’s sales, which totaled 1,869 thousand tonnes (+11.2% YoY). The share of VAP’s sales in total sales now stands at 47.3% in comparison with 44% in 12M16;
  • In 12M17, the average aluminium realized price increased by 21.5% YoY to USD2,105/t due to positive dynamics in LME QP component (+23.5% YoY to USD1,942/t). The average realized premium component increased by 2.5% YoY to USD163/t).

Alumina

  • In 4Q17, total alumina production increased by 1.3% QoQ, totaling 1,991 thousand tonnes. Russian operations accounted for 36% of the total output. The performance of the Company’s alumina assets was largely in line with the production plan.
  • The continuation of ramping up capacity at Russian (Urals Alumina Refinery) and Ukrainian (Nikolaev) based refineries post the completion of upgrades earlier in 2017 was largely behind the 12M17 YoY production increase of +3.3%, to 7,773 thousand tonnes.

Bauxites

  • In 4Q17, bauxite production increased by 7.4% QoQ to 2,944 thousand tonnes. This is due to a low comparison base in 3Q17 for mines of Bauxite Company of Guyana, Kindia and North Urals. In 4Q17, nepheline output decreased by 7.4% to 1,041 thousand tonnes, due to seasonal decline in production.
  • In 12M17 bauxite output totaled 11,645 thousand tonnes (-4.4% YoY). The decrease of bauxite production is largely attributed to a decline in output in 3Q17, due to abnormal weather conditions that affected the operational performance of Bauxite Company of Guyana and Windalco as well as scheduled operational equipment care and maintenance works at mines in Kindia and Timan. Nepheline ore output decreased by 2.3% YoY to 4,332 thousand tonnes.

Financial Overview

Revenue

    Year ended 31 December 2017   Year ended 31 December 2016

USD
million

  kt  

Average
sales price
(USD/tonne)

USD
million

  kt  

Average
sales price
(USD/tonne)

 
Sales of primary aluminium and alloys 8,324 3,955 2,105 6,614 3,818 1,732
Sales of alumina 769 2,018 381 622 2,267 274

Sales of foil and other aluminium
products

323 240
Other revenue 553 507

 

 

 

 

 

 

 
Total revenue 9,969 7,983

 

 

 

 

 

 

 

Total revenue increased by USD1,986 million or by 24.9% to USD9,969 million in 2017 compared to USD7,983 million in 2016. The increase in total revenue was mainly due to the growth of sales of primary aluminium and alloys, which accounted for 83.5% and 82.9% of UC RUSAL’s revenue for 2017 and 2016, respectively.

   

Quarter ended 31
December

 

Change,
quarter
on
quarter,
(4Q to
4Q)

 

Quarter
ended 30
September

 

Change,
quarter
on
quarter,
(4Q to
3Q)

 

Year ended 31
December

 

Change,
year-on-
year

2017   2016 2017 2017   2016
unaudited unaudited unaudited
 
(USD million)

Sales of primary
aluminium and
alloys

USD million 2,263 1,659 36.4% 2,056 10.1% 8,324 6,614 25.9%
kt 1,000 922 8.5% 968 3.3% 3,955 3,818 3.6%

Average sales
price (USD/t)

2,263 1,799 25.8% 2,124 6.5% 2,105 1,732 21.5%
Sales of alumina
USD million 233 164 42.1% 172 35.5% 769 622 23.6%
kt 492 570 (13.7%) 502 (2.0%) 2,018 2,267 (11.0%)

Average sales
price (USD/t)

474 288 64.6% 343 38.2% 381 274 39.1%

Sales of foil and
other aluminium
products (USD
million)

91 65 40.0% 91 323 240 34.6%

Other revenue
(USD million)

158 139 13.7% 141 12.1% 553 507 9.1%

 

 

 

 

 

 

 

 

Total revenue
(USD million)

2,745 2,027 35.4% 2,460 11.6% 9,969 7,983 24.9%

 

 

 

 

 

 

Revenue from sales of primary aluminium and alloys increased by USD1,710 million, or 25.9% to USD8,324 million in 2017, as compared to USD6,614 in 2016, primarily due to a 21.5% increase in the weighted-average realized aluminium price per tonne driven by an increase in the LME aluminium price (to an average of USD1,968 per tonne in 2017 from USD1,604 per tonne in 2016), as well as an increase in the sales volumes by 3.6% and slight improvement in premiums above the LME prices in the different geographical segments (to an average of USD163 per tonne from USD159 per tonne in 2017 and 2016, respectively).

Revenue from sales of alumina increased by 23.6% to USD769 million for the year ended 31 December 2017 as compared to USD622 million for the previous year primarily due to an increase in the average sales price by 39.1%, which was partially offset by a decrease in the sales volumes by 11.0%.

Revenue from sales of foil and other aluminium products increased by USD83 million, or by 34.6%, to USD323 million in 2017, as compared to USD240 million in 2016 primarily due to a 20.


Contacts

United Company RUSAL Plc


Read full story here

ブイヤベースを夕日に見立て堪能 西伊豆で初のイベント – @S[アットエス] by 静岡新聞


@S[アットエス] by 静岡新聞

ブイヤベースを夕日に見立て堪能 西伊豆で初イベント
@S[アットエス] by 静岡新聞
西伊豆町観光協会は24日午前11時から、「夕陽日本一」を宣言した同町をPRする初グルメイベント「日本一夕陽ブイヤベース」を同町仁科堂ケ島公園で開く。 直径90センチ大鍋を夕日に見立て、伊勢エビやトコブシ、サザエ、イカなど地元魚介類や野菜をふんだんに使ったブイヤベースを調理。同町大沢里 ...

【現代アート】現代アートが日常生活に結びついた例はありますか? – 日豪プレス


日豪プレス

【現代アート】現代アートが日常生活に結びついた例はありますか?
日豪プレス
では、いつアートと日常を結ぶ土壌ができたのでしょうか? それは19世紀とされ、市民階級の台頭、産業革命、グーテンベルクの印刷機に始まる表現の自由の拡大が土壌作りに大きな影響を与えたとされています。この点について、フランスの哲学者フーコーは「主体の確立」と言っています。案外、西洋における個人 ...

マツコ・デラックスが“歯周トラブル”に悩む主婦役を熱演!『ピュオーラ』新シリーズ第二弾TV-CM「たすけてピュオーラ」篇2月26日(月)から全国でオンエア開始 – 時事通信


時事通信

マツコ・デラックスが“歯周トラブル”に悩む主婦役を熱演!『ピュオーラ』新シリーズ第二弾TV-CM「たすけてピュオーラ」篇2月26日(月)から全国でオンエア開始
時事通信
新CMでは、シリーズ第一弾TV-CM「たすけてピュオーラ予告」篇に続き、マツコ・デラックスさんが「ネバつき」や「口臭」といった”歯周トラブル“に悩む主婦役に挑戦。マツコ婦人が、水橋研二さん演じる夫・ヤスに”いってらっしゃいハグ“を断られ、自分口臭が原因なのではと悩み始めるストーリーになっています。悩み ...

and more »

Quanta Cloud Technology Partners with Radisys to Deliver Optimized RAN Solutions on Its High-Performance Hardware

Radisys’ RAN software and integration services, combined with Affirmed Networks’ industry-leading 5G Mobile Core, enhance the solution with TCO advantages for customers globally


HILLSBORO, Ore.--(BUSINESS WIRE)--Radisys® Corporation (NASDAQ: RSYS), a global leader of open telecom solutions, today announced that Quanta Cloud Technology (QCT) has selected Radisys MobilityEngine™ LTE-Advanced and 5G RAN software to run on its open server hardware platforms, delivering optimized high performance and low latency RAN solutions to mobile operators globally. The resulting solution, which also integrates Affirmed Networks’ cloud native 5G Mobile Core and leverages Radisys’ integration services, gives mobile operators a differentiated Mobile Core and RAN solution that is based on open standards, delivering faster time-to-market and better ROI.

Highlights

  • To meet the capacity and latency demands of 5G applications and services such as IoT, virtual and augmented reality (VR/AR), artificial intelligence (AI), big data analytics, autonomous cars and more, mobile operators are transforming their access networks from single-vendor proprietary solutions to multi-vendor solutions built with open software and hardware components.
  • QCT is a leading hardware vendor that has embraced the telecom industry shift to open hardware, taking a leading role in open networking communities and offering its global customer base a variety of form factors that best meet their needs, including OCP-based hardware, rackmount servers, COTS-based x86 platforms and more.
  • Radisys’ MobilityEngine software introduces open and disaggregated mobile access cloud solutions that deliver significant TCO advantage while enabling the evolution to 5G. By pre-integrating and pre-validating MobilityEngine RAN software and Affirmed Networks’ 5G Mobile Core Solution onto QCT’s hardware form factors, Radisys and QCT can offer to their customers differentiated, performance-optimized solutions for LTE-Advanced Pro and 5G RAN with faster time-to-market and reduced risk. Mobile operators will be able to leverage the deployment-ready turnkey solutions for their Multi-Access CORD, Cloud and Virtualized RAN, as well as Mobile Edge deployments.

““This integrated solution leverages Radisys’ DNA in software and integration services and Quanta’s full portfolio of industry-leading open server hardware to offer our customers a truly multi-vendor solution that is built for the demands of 5G mobile edge computing,” said Neeraj Patel, Vice President and General Manager, Software & Services Solutions, Radisys. “We are committed to partnering with QCT as a preferred OCP hardware provider and with the industry-leading Virtualized EPC vendor Affirmed Networks, to deliver right-fit technology solutions to our mobile operator customers that don’t compromise on performance while reducing cost and risk.”

“Our extensive hardware portfolio is designed to meet the needs of mobile operators that are transforming their networks to meet the requirements of 5G and mobile edge computing,” said Mike Yang, President of QCT. “QCT is dedicated to fostering partnerships with technology software leaders such as Radisys in order to deliver pre-integrated and pre-validated solutions to mobile operators that reduce deployment times for next-gen networks. Radisys’ MobilityEngine RAN software and integration expertise allows making commercial deployments of new open architectures a reality.”

“Virtualized networks deliver a host of advantages to mobile operators, the primary ones being economic scaling and service agility,” said Amit Tiwari, Affirmed Networks’ Vice President, Strategic Alliances and Systems Engineering. “As deployments accelerate in preparation for 5G, delivering integrated solutions with industry leaders such as Radisys will ensure an efficient and successful network transformation.”

Radisys and QCT at Mobile World Congress 2018

Radisys will showcase open telecom solutions in the Open Networking Foundation booth in Hall 5, Stand 5I61 at MWC. To see the technology demonstrations, or to meet with Radisys’ open telecom experts, contact open@radisys.com

QCT will also be unveiling details about its network transformation solutions in Hall 5, Booth 5B11 at MWC.

About Radisys

Radisys, a global leader in open telecom solutions, enables service providers to drive disruption with new open architecture business models. Radisys’ innovative disaggregated and virtualized enabling technology solutions leverage open reference architectures and standards, combined with open software and hardware to power business transformation for the telecom industry, while its world-class services organization delivers systems integration expertise necessary to solve communications and content providers’ complex deployment challenges. For more information, visit www.Radisys.com.

About Affirmed Networks, Inc.

Affirmed Networks has achieved significant attention as its Network Functions Virtualization (NFV) solution has become the standard for the world’s top mobile operators. Currently, the company has been deployed commercially, including in Tier 1 and Tier 2 mobile networks, and is engaged in many trials worldwide. For more information, please visit: www.affirmednetworks.com.

About Quanta Cloud Technology (QCT)

Quanta Cloud Technology (QCT) is a global data center solution provider. We combine the efficiency of hyperscale hardware with infrastructure software from a diversity of industry leaders to solve next-generation data center design and operation challenges. QCT serves cloud service providers, telecoms and enterprises running public, hybrid and private clouds.

Product lines include hyperconverged and software-defined data center solutions as well as servers, storage, switches and integrated racks with a diverse ecosystem of hardware component and software partners. QCT designs, manufactures, integrates and services cutting-edge offerings via its own global network. The parent of QCT is Quanta Computer, Inc., a Fortune Global 500 corporation. www.QCT.io.

Radisys® is a registered trademark of Radisys. All other trademarks are the property of their respective owners.


Contacts

Nereus for Radisys
Lori Mesecke, +1-503-459-9150
lmesecke@nereus-worldwide.com

WTO「福島原発事故に伴う水産物禁輸は協定違反」、日本が韓国に勝訴 – ロイター


ロイター

WTO「福島原発事故に伴う水産物禁輸は協定違反」、日本が韓国に勝訴
ロイター
世界貿易機関(WTO)の紛争処理小委員会(パネル)は22日、2011年の東京電力福島第1原発事故を理由に韓国政府が日本の水産物の輸入を禁止し、追加検査を義務付けている問題で、これらを不当として提訴した日本政府の主張をおおむね支持する判断を下した。パネルは、韓国政府の措置は当初は正当化さ ...
WTO「福島原発事故に伴う水産物禁輸は協定違反」、日本が韓国に勝訴Newsweekjapan
WTO、韓国の水産物禁輸は不当 福島原発事故で8県産規制 | 共同通信 ...沖縄タイムス
WTO、韓国の水産物禁輸は不当 福島原発事故で8県産規制東京新聞

all 20 news articles »