Mes: enero 2021

Texas Trees Foundation, Target and Arbor Day Foundation Host Community Tree Planting Event in Veterans Park

DALLAS, Jan. 29, 2021 /PRNewswire/ — On Feb. 2, Texas Trees Foundation will partner with Target and the Arbor Day Foundation to plant 50 trees in Veterans Park in Dallas, Texas. The 50 trees planted by volunteers recruited by the City of Dallas will combat Dallas’ urban heat island, contribute to its overall tree canopy, and provide healthy, safe and green outdoor spaces for generations to come.

North…

DALLAS, Jan. 29, 2021 /PRNewswire/ — On Feb. 2, Texas Trees Foundation will partner with Target and the Arbor Day Foundation to plant 50 trees in Veterans Park in Dallas, Texas. The 50 trees planted by volunteers recruited by the City of Dallas will combat Dallas’ urban heat island, contribute to its overall tree canopy, and provide healthy, safe and green outdoor spaces for generations to come.

North Texas residents are encouraged to register to volunteer at the event by visiting Dallas Parks and Recreation’s website. Volunteers must wear a mask at all times during the planting and follow recommended COVID-19 safety guidelines.

«We are proud to encourage and support local efforts to plant trees. Cities and towns around the globe that line their streets and fill their parks with trees are building healthier, happier communities,» said Dan Lambe, Arbor Day Foundation president.

Texas Trees Foundation’s Urban Heat Island Management Study found that Dallas is heating up faster than every city in the country except for Phoenix.

Heat-related deaths in the United States account for more deaths annually than all other natural disasters combined, and tree plantings in the hottest areas with high density residential was found to reduce deaths by more than 20 percent.

«Texas Trees Foundation is focused on making spaces cooler, greener and cleaner, and data has long affirmed that planting trees is vital to achieve this laudable and critical goal,» said Janette Monear, CEO/President of Texas Trees Foundation. «These new trees at Veterans Park will provide an outdoor sanctuary for North Texas residents to experience the joy nature can provide.»

To learn more about the Veterans Park planting event, please visit texastrees.org/projects/branchingout or email Joshua Wilbanks at joshua@texastrees.org.

Related Files

Media Alert – Veterans Park 2.2.21.pdf

Related Images

texas-trees-foundation-planting-day.png
Texas Trees Foundation Planting Day

Related Links

City of Dallas Volunteer Registration Page

Texas Trees Foundation Planting Projects

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SOURCE Texas Trees Foundation

Talos Energy Comments On Recent Regulatory Actions And Remains Well-Positioned To Execute Core Business Plan And Generate Shareholder Value

HOUSTON, Jan. 29, 2021 /PRNewswire/ — Talos Energy Inc. («Talos,» or the «Company») (NYSE: TALO) today commented on recent Secretarial and Executive Orders (the «Orders») pertaining to oil and natural gas activities on federal lands and reiterated its ability to continue normal operations for both existing production and future drilling projects.

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HOUSTON, Jan. 29, 2021 /PRNewswire/ — Talos Energy Inc. («Talos,» or the «Company») (NYSE: TALO) today commented on recent Secretarial and Executive Orders (the «Orders») pertaining to oil and natural gas activities on federal lands and reiterated its ability to continue normal operations for both existing production and future drilling projects.

Talos does not expect any material near-term impact to its business model, operating plans or ability to continue generating long-term shareholder value from the recently announced Orders. Specifically, last week’s Secretarial Order 3395 temporarily revised delegations of authority within the Department of the Interior for approvals of leases and permits outside of existing ongoing operations for the next 60 days, and does not constitute a ban or moratorium. Furthermore, as stated in this week’s Department of the Interior news release, the Executive Order issued on Wednesday places a pause on new leasing activities in federal lands, but it has no impact on existing operations or permits for existing leases, which are continuing to be reviewed and approved. Thus, Talos does not expect any material near-term impact to its current production or its ability to conduct development, exploitation and exploration activities across the Company’s significant footprint of approximately 1.5 million gross acres. Additionally, Talos expects to continue its highly active business development efforts across the industry’s 11.7 million acres of active federal leases in the U.S. Gulf of Mexico.

President and Chief Executive Officer Timothy S. Duncan commented: «Despite the current regulatory environment, we do not see any material impediments to continuing to execute our business – providing reliable, secure, affordable, domestic energy resources to supply our society while operating in a safe, environmentally and socially responsible way. There is no doubt that oil and natural gas play a crucial role in our daily lives, supplying the growing demand for energy to generate electricity, fuel cars and airplanes and power domestic manufacturing. This demand is best supplied with our own domestic resources, rather than importing from abroad, which would increase emissions, increase costs to consumers, decrease government revenues, reduce security and destroy American jobs.»

Duncan continued: «The offshore segment of our industry is a leader in ESG matters, among numerous other critical issues. Production from the Gulf of Mexico has a highly competitive carbon intensity relative to other basins. We operate under some of the strictest regulatory standards in the world with a minimal physical footprint in remote locations away from towns and cities, and our production flows to market through pipelines instead of on trucks and trains. Offshore production in the Gulf of Mexico generated over $5 billion in government revenues for taxpayers in 2019, over $1 billion of which went directly to funding national parks through the Land and Water Conservation Fund. Lastly, the offshore oil and gas supply chain supports almost 350,000 jobs spanning all 50 states. At Talos, we are proud to provide products that are essential to modern daily life. We are equally proud to be a safe, responsible and positive force in our communities and are continuously working to improve performance in ESG focus areas, particularly with regard to emissions. As an industry leader, we intend to play an active role in continuing to educate our stakeholders on the role that our Company plays in powering our country.»

ABOUT TALOS ENERGY

Talos Energy (NYSE: TALO) is a technically driven independent exploration and production company focused on safely and efficiently maximizing cash flows and long-term value through its operations, currently in the United States Gulf of Mexico and offshore Mexico. As one of the U.S. Gulf of Mexico’s largest public independent producers, we leverage decades of geology, geophysics and offshore operations expertise towards the acquisition, exploration, exploitation and development of assets in key geological trends that are present in many offshore basins around the world. Our activities in offshore Mexico provide high impact exploration opportunities in an oil rich emerging basin. For more information, visit www.talosenergy.com.

INVESTOR RELATIONS CONTACT

Sergio Maiworm
+1.713.328.3008
investor@talosenergy.com 

CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS

This communication may contain «forward-looking statements» within the meaning of Section 27A of the Securities Act of 1933, as amended (the «Securities Act»), and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact included in this communication, regarding our strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. When used in this communication, the words «could,» «believe,» «anticipate,» «intend,» «estimate,» «expect,» «project,» «forecast, «may,» «objective,» «plan» and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on our current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events.

We caution you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond our control. These risks include, but are not limited to, the impact on our business of current and proposed regulatory actions, including the recent executive orders issued by the Biden Administration and including with respect to repairs to the Ram Powell facility, commodity price volatility, the impact of the ongoing coronavirus disease 2019 («COVID-19») and governmental measures related thereto on global demand for oil and natural gas and on the operations of our business, the ability or willingness of the Organization of Petroleum Exporting Countries («OPEC») and non-OPEC countries, such as Saudi Arabia and Russia, to set and maintain oil production levels and the impact of any such actions, the impact of hurricanes and other storms, inflation, lack of availability of drilling and production equipment and services, environmental risks, drilling and other operating risks, regulatory changes, the uncertainty inherent in estimating reserves and in projecting future rates of production, cash flow and access to capital, the timing of development expenditures, the possibility that the anticipated benefits of recent acquisitions are not realized when expected or at all, including as a result of the impact of, or problems arising from, the integration of such acquisitions, and other factors that may affect our future results and business, generally, including those discussed under the heading «Risk Factors» in our Annual Report on Form 10-K for the year ended December 31, 2019 and our Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2020.

Should one or more of these risks occur, or should underlying assumptions prove incorrect, our actual results and plans could differ materially from those expressed in any forward-looking statements. All forward-looking statements, expressed or implied, are expressly qualified in their entirety by this cautionary statement. This cautionary statement should also be considered in connection with any subsequent written or oral forward-looking statements that we or persons acting on our behalf may issue. Except as otherwise required by applicable law, we disclaim any duty to update any forward-looking statements, to reflect events or circumstances after the date of this communication.

Estimates for our future production volumes are based on assumptions of capital expenditure levels and the assumption that market demand and prices for oil and gas will continue at levels that allow for economic production of these products. The production, transportation, marketing and storage of oil and gas are subject to disruption due to transportation, processing and storage availability, mechanical failure, human error, hurricanes and numerous other factors. Our estimates are based on certain other assumptions, such as well performance, which may vary significantly from those assumed. Therefore, we can give no assurance that our future production volumes will be as estimated.

This communication may also contain statements based on hypothetical or adverse scenarios and assumptions, and these statements should not necessarily be viewed as being representative of current or actual risk or forecasts of expected risk. In addition, while future events discussed in this communication may be significant, any significance should not be read as necessarily rising to the level of any specific definition of materiality, including the definitions of materiality used pursuant to federal securities laws.

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SOURCE Talos Energy

New 96-Suite Hotel Opens its Doors Welcoming Guests to the Downtown Tampa Area

TAMPA, Fla., Jan. 29, 2021 /PRNewswire-PRWeb/ — The TownePlace Suites by Marriott Tampa East/I-4 opened for business on January 27th. The new 96-suite hotel is built for travelers looking for a simple and…

TAMPA, Fla., Jan. 29, 2021 /PRNewswire-PRWeb/ — The TownePlace Suites by Marriott Tampa East/I-4 opened for business on January 27th. The new 96-suite hotel is built for travelers looking for a simple and friendly place where they can settle-in, keep their routine, and easily connect to the Downtown Tampa area. Located at 6202 East Dr. Martin Luther King Jr. Blvd, it will operate as a Marriott franchise, owned by RAM Tampa LLC of Tampa, FL and managed by Naples Hotel Group or Naples, FL.

«We are excited to open the TownePlace Suites Tampa East/I-4 and welcome it to our portfolio,» said Phil Tandett, Executive Vice President of Operations for Naples Hotel Group. «Our team went above and beyond to open this hotel in a short amount of time for Super Bowl LV events in the upcoming week.»

All service team members are thoroughly trained on local knowledge and look forward to connecting guests to the local area. The hotel brand’s signature floor-to-ceiling TowneMap® also helps guests instantly acclimate to the area by featuring great places to eat, play, and live. The TownePlace Suites Tampa East/I-4 is located just minutes from Downtown Tampa and 25 minutes from Tampa International Airport. The new hotel offers guests convenient access to Ybor City, Raymond James Stadium, and the Florida State Fairgrounds. This is the first of Marriott’s new TownePlace Suites Gen 5 prototype to open in the U.S. and the 450th TownePlace franchise location.

Ideal for travelers who need accommodations for more extended stays, this new property offers studio and one-bedroom suites with fully equipped kitchens, as well as separate living/working and sleeping areas. Guests can work and relax on their terms in modern suites that feature full kitchens with stainless steel appliances and granite countertops, adjustable workspaces with built-in shelves and lighting, a large flat-screen television, as well as luxurious new bedding. Most rooms also feature the Home Office™ Suite, designed to provide guests with plenty of storage and flexible space to spread out and make it their own.

The TownePlace Suites Tampa East/I-4 allows guests to maintain a healthy lifestyle with an array of food options. While on the property, guests are served complimentary breakfast every morning in the lobby area and can fire up their stay by grilling up dinner on the outdoor Weber grills. The 24-hour In a Pinch® market and On Us® coffee service offer guests the chance to get their snack and caffeine on whenever they feel the need.

TownePlace Suites helps its guests stay organized on the road with its partner, The Container Store. While staying at the hotel, travelers can unpack their suitcase in a custom elfa® closet. From drawers to shelves to smart hanging space, you’ll find everything you need to make you feel right at home. Other hotel amenities include an outdoor swimming pool, a fitness center open 24 hours per day, a meeting room, laundry facilities, complimentary Wi-Fi throughout the hotel, and on-site business services, including copying, faxing, and printing. As a brand, TownePlace Suites recognizes that families may include more than just humans, which is why the TownePlace Suites Tampa East/I-4 is pet-friendly (fees may apply).

About Naples Hotel Group
Naples Hotel Group is a hotel development and management company based in Florida and prides itself on building long-term relationships with quality people and organizations. The Naples, FL hotel group specializes in Hotel Management and Development of upscale limited and select-service hotels. Naples Hotel Group has achieved superior results and has a proven ability to enhance hotels’ performance by using their experience, responsiveness, and extensive resources. For more information about Naples Hotel Group, visit http://www.napleshotelgroup.com, and connect on LinkedIn, Twitter, and Instagram.

Media Contact

Brittany Bou-Sliman, Naples Hotel Group, 239-206-4273, brittany@napleshotelgroup.com

Twitter, LinkedIn, Facebook

 

SOURCE Naples Hotel Group

Johnson Controls Unveils Ambitious Sustainability Commitments, Accelerates Vision for a Healthy, Sustainable Planet

CORK, Ireland, Jan. 29, 2021 /PRNewswire/ — Johnson Controls (NYSE: JCI), the global leader for smart, healthy and sustainable buildings, today announced new environmental, social and governance (ESG) commitments, science-based targets as well as a net zero carbon pledge to support a healthy, more sustainable…

CORK, Ireland, Jan. 29, 2021 /PRNewswire/ — Johnson Controls (NYSE: JCI), the global leader for smart, healthy and sustainable buildings, today announced new environmental, social and governance (ESG) commitments, science-based targets as well as a net zero carbon pledge to support a healthy, more sustainable planet over the next two decades. The company’s and customers’ emissions reduction will be driven by Johnson Controls’ OpenBlue technologies and innovations which leverage big data and artificial intelligence to optimize buildings sustainability.

«Sustainability is at the heart of our business and fundamental to everything that we do as a company»

«Sustainability is at the heart of our business and fundamental to everything that we do as a company,» said George Oliver, chairman and CEO, Johnson Controls. «Today’s announcement reinforces our continued commitment to developing best in class climate solutions, and OpenBlue will empower our customers to streamline building operations and uncover energy efficiencies that will help meet their environmental goals. We continue to make sustainability a top priority for the company, our customers and our suppliers, and have set ambitious goals that will drive significant improvements in carbon emissions.»

New ESG Commitments
The launch of the new commitments will enable Johnson Controls to deliver quantifiable efforts to reduce carbon emissions, drive climate-focused innovation and work closely with customers and suppliers to meet sustainability goals as well as measurable impact against its three key OpenBlue healthy building pillars: healthy people, healthy places and a healthy planet. These commitments are:

Environmental Sustainability Commitments:

  • Set science-based targets consistent with the most ambitious 1.5°C Intergovernmental Panel on Climate Change scenario
  • Reduce Johnson Controls’ operational emissions by 55 percent and reduce customers’ emissions by 16 percent before 2030
  • Achieve net zero carbon emissions before 2040, in line with the United Nations Framework Convention on Climate Change Race to Zero and Business Ambition for 1.5°C criteria
  • Invest 75 percent of new product development R&D in climate-related innovation to develop sustainable products and services
  • Achieve 100 percent renewable electricity usage globally by 2040

Customer and Supply Chain Commitments:

  • Double annual avoided emissions by 2030 through customer use of Johnson Controls OpenBlue digitally enabled products and services
  • Create a supplier sustainability council with cohorts of suppliers, and their tier-one suppliers, and provide suppliers with training on sustainability best practices and OpenBlue digital tools in order to meet ambitious, public sustainability goals
  • Weight sustainability equal to other key metrics in supplier performance evaluations and provide a preference for suppliers with excellent sustainability ratings

Social and Governance Sustainability Commitments:

  • Intends to double the representation of women leaders globally and minority leaders in the United States within five years
  • Launch an initiative to educate the next generation of diverse sustainable building industry leaders, in partnership with HBCUs
  • Include sustainability and diversity goals in senior leaders’ performance assessments, which are linked to executive compensation to drive accountability
  • Launch an initiative focused on underserved markets and increase Johnson Controls’ spend with women and minority owned businesses

«Our commitments reinforce the urgency to make positive changes that will improve the health of our planet, and we believe we are uniquely positioned to help customers and suppliers achieve their sustainability goals, in addition to our own,» said Katie McGinty, vice president & chief sustainability, government and regulatory affairs officer at Johnson Controls. «We are excited to step up the role we play and will continue to innovate and uncover new pathways to meet our goals which will contribute to healthier people, healthier places and a healthier planet.»

OpenBlue Support for Customer Sustainability Initiatives

Johnson Controls is committed to supporting its customers’ sustainability and carbon reduction efforts through its OpenBlue platform. The OpenBlue Enterprise Manager can deliver up to 30% energy savings in buildings and a corresponding drop in CO2 emissions. Notably, the platform was recently used to identify over $100,000 in savings after just 30 days for a large customer portfolio. Powered by artificial intelligence and machine learning, the platform facilitates real-time monitoring, benchmarking and analysis of energy consumption and demand. It also enables customers to produce indoor environmental quality reports to help achieve healthy building and wellness certifications.

Education Initiative to Diversify the Buildings Workforce and Train Future Sustainability Leaders

The way in which buildings are designed, managed and maintained has a significant environmental and social impact on building occupants. As such, Johnson Controls, in partnership with HBCUs, will launch an initiative to develop and implement an educational program that will support the training and education of more than one thousand sustainability champions from HBCUs and selected universities around the world in environmental sustainability, energy equity, healthy building practices and building decarbonization solutions. The company’s nine global OpenBlue Innovation Centers will also provide the students with support in the application of digital tools to improve new and existing buildings.

As a leader in the buildings space for 135 years, Johnson Controls has been a pioneer in sustainability and is ranked in the top 12 percent of climate leadership companies globally by CDP and was named one of Corporate Knights’ Global 100 Most Sustainable Companies. Recently George Oliver has been named Chairman of the Business Roundtable Energy and Environment Committee where he is driving policies that preserve the environment and maximize sustainable energy options. Johnson Controls is taking significant steps to drastically improve its environmental impact while empowering customers and future generations to consume less energy, conserve resources, and identify pathways to achieving healthy, net zero carbon communities.

About Johnson Controls:
At Johnson Controls, we transform the environments where people live, work, learn and play. From optimizing building performance to improving safety and enhancing comfort, we drive the outcomes that matter most. We deliver our promise in industries such as healthcare, education, data centers and manufacturing. With a global team of 100,000 experts in more than 150 countries and over 130 years of innovation, we are the power behind our customers’ mission. Our leading portfolio of building technology and solutions includes some of the most trusted names in the industry, such as Tyco®, YORK®, Metasys®, Ruskin®, Titus®, Frick®, Penn®, Sabroe®, Simplex®, Ansul® and Grinnell®. For more information, visit www.johnsoncontrols.com or follow us @johnsoncontrols on Twitter.

 

INVESTOR CONTACTS:

 

MEDIA CONTACTS:

Antonella Franzen

Chaz Bickers

Direct: 609.720.4665

Direct: 224.505.9290

Email: antonella.franzen@jci.com

Email: charles.norman.bickers@jci.com

 

Ryan Edelman

Michael Isaac

Direct: 609.720.4545 

Direct: +41 52 6330374

Email: ryan.edelman@jci.com  

Email: michael.isaac@jci.com 

Johnson Controls Logo. (PRNewsFoto/JOHNSON CONTROLS, INC.) (PRNewsFoto/)

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SOURCE Johnson Controls International plc

Fluid Transfer System Market worth $24.7 billion by 2025 – Exclusive Report by MarketsandMarkets™

CHICAGO, Jan. 29, 2021 /PRNewswire/ — According to the new market research report «Fluid Transfer System Market by Type (Brake, Fuel, AC, Air Suspension, DPF, SCR, Transmission Oil, Turbo Coolant, Engine & Battery Cooling, Air Brake), Material (Al, Rubber, Nylon, Steel,…

CHICAGO, Jan. 29, 2021 /PRNewswire/ — According to the new market research report «Fluid Transfer System Market by Type (Brake, Fuel, AC, Air Suspension, DPF, SCR, Transmission Oil, Turbo Coolant, Engine & Battery Cooling, Air Brake), Material (Al, Rubber, Nylon, Steel, Stainless Steel), On & Off-Highway, EV and Region- Global Forecast to 2025″, published by MarketsandMarkets™, the Fluid Transfer System Market is projected to grow at a CAGR of 6.7% from 2020 to 2025, and the market size is expected to grow from USD 17.8 billion in 2020 to USD 24.7 billion by 2025. Stringency in emission norms and demand for enhanced fuel economy are projected to drive the Fluid Transfer System Market.

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Browse in-depth TOC on «Fluid Transfer System Market»
148 – Tables
49 – Figures
229 – Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id= 163311077  

AC lines segment will hold the largest share of the Fluid Transfer System Market

Increase in superior cabin experience has propelled to ever-increasing the growth of the AC lines market. Today, almost all the vehicles that are manufactured are equipped with an air conditioning system. Thus, there is tough competition between automakers to provide enhanced comfort. This competition has increased pressure on OEMs to deliver technologically advanced automotive air conditioning systems. Also, the increasing popularity of premium vehicles, has driven the adoption of rear AC system. Thus, the increasing demand for rear air conditioning has also driven the growth of AC lines and is expected to grow further in coming years.

PC is the fastest-growing segment for fluid transfer system as it is witnessing increasing usage of SCR and DPF

The passenger car segment is estimated to hold the largest market share of the Fluid Transfer System Market during the forecast period. In addition, the implementation of Euro 6 and EPA Tier 3 norms for passenger cars demands a 100% DPF deployment. Alternatively, the demand for SCR has increased in developed countries to comply with existing emission standards for NOx gases.
Also, the growing demand for cars equipped with TGDI is expected to significantly drive the sales of passenger car turbo coolant lines. Thus, with upcoming regulations like China 6 a and 6b and India’s BS-VI, the markets for turbochargers, DPF, and SCR are expected to grow at a prominent rate in the coming years and boost the market for fluid transfer systems in passenger cars.

Request FREE Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id= 163311077  

Asia Pacific is estimated to be the largest geographical segment of the Fluid Transfer System Market

The upcoming emission norms in Asia Pacific are the most prominent driving forces for the Fluid Transfer System Market. For instance, China implemented China 6a & 6b, India implemented BS VI norms in 2020. Also, At the same time, the demand for luxury cars has increased considerably. The increase in demand for vehicles, especially premium passenger cars, has accentuated the need for cabin comfort and luxury and enhanced the demand for better air conditioning systems and suspension technologies. OEMs are also shifting focus on direct injection engines for gasoline cars (TGDI) to meet the upcoming emission norms, and this trend is expected to grow rapidly during the forecast period. Thus, the market for fluid transfer systems in the region is expected to grow significantly in the coming years.

The Fluid Transfer System Market is dominated by global players and comprises several regional players as well. The key players in the Fluid Transfer System Market are Cooper Standard (US), Kongsberg (Switzerland), TI fluid systems (UK),  Contitech (Germany), Akwel (France), Hutchinson (France), Lander automotive (UK), Tristone (Germany), Castello Italia (Italy), and Gates (US).

Browse Related Reports:

Thermal System Market for Automotive By Application (Front & Rear AC, Engine & Transmission, Seat, Steering, Battery, Motor, Power Electronics, Waste Heat Recovery), Technology, Electric & ICE Components, Vehicle Type and Region – Global Forecast to 2027

Catalytic Converter Market by Type (FWCC, TWCC, SCR, DOC, and LNT), Material (Platinum, Palladium, and Rhodium), Vehicle Type (Passenger Cars, LCV, Bus & Truck, Construction, and Agriculture & Mining), Aftermarket and Region – Global Forecast to 2025

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Fluid Transfer System Market worth $24.7 billion by 2025 – Exclusive Report by MarketsandMarkets™

CHICAGO, Jan. 29, 2021 /PRNewswire/ — According to the new market research report «Fluid Transfer System Market by Type (Brake, Fuel, AC, Air Suspension, DPF, SCR, Transmission Oil, Turbo Coolant, Engine & Battery Cooling, Air Brake), Material (Al, Rubber, Nylon, Steel,…

CHICAGO, Jan. 29, 2021 /PRNewswire/ — According to the new market research report «Fluid Transfer System Market by Type (Brake, Fuel, AC, Air Suspension, DPF, SCR, Transmission Oil, Turbo Coolant, Engine & Battery Cooling, Air Brake), Material (Al, Rubber, Nylon, Steel, Stainless Steel), On & Off-Highway, EV and Region- Global Forecast to 2025″, published by MarketsandMarkets™, the Fluid Transfer System Market is projected to grow at a CAGR of 6.7% from 2020 to 2025, and the market size is expected to grow from USD 17.8 billion in 2020 to USD 24.7 billion by 2025. Stringency in emission norms and demand for enhanced fuel economy are projected to drive the Fluid Transfer System Market.

MarketsandMarkets_Logo

Browse in-depth TOC on «Fluid Transfer System Market»
148 – Tables
49 – Figures
229 – Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id= 163311077  

AC lines segment will hold the largest share of the Fluid Transfer System Market

Increase in superior cabin experience has propelled to ever-increasing the growth of the AC lines market. Today, almost all the vehicles that are manufactured are equipped with an air conditioning system. Thus, there is tough competition between automakers to provide enhanced comfort. This competition has increased pressure on OEMs to deliver technologically advanced automotive air conditioning systems. Also, the increasing popularity of premium vehicles, has driven the adoption of rear AC system. Thus, the increasing demand for rear air conditioning has also driven the growth of AC lines and is expected to grow further in coming years.

PC is the fastest-growing segment for fluid transfer system as it is witnessing increasing usage of SCR and DPF

The passenger car segment is estimated to hold the largest market share of the Fluid Transfer System Market during the forecast period. In addition, the implementation of Euro 6 and EPA Tier 3 norms for passenger cars demands a 100% DPF deployment. Alternatively, the demand for SCR has increased in developed countries to comply with existing emission standards for NOx gases.
Also, the growing demand for cars equipped with TGDI is expected to significantly drive the sales of passenger car turbo coolant lines. Thus, with upcoming regulations like China 6 a and 6b and India’s BS-VI, the markets for turbochargers, DPF, and SCR are expected to grow at a prominent rate in the coming years and boost the market for fluid transfer systems in passenger cars.

Request FREE Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id= 163311077  

Asia Pacific is estimated to be the largest geographical segment of the Fluid Transfer System Market

The upcoming emission norms in Asia Pacific are the most prominent driving forces for the Fluid Transfer System Market. For instance, China implemented China 6a & 6b, India implemented BS VI norms in 2020. Also, At the same time, the demand for luxury cars has increased considerably. The increase in demand for vehicles, especially premium passenger cars, has accentuated the need for cabin comfort and luxury and enhanced the demand for better air conditioning systems and suspension technologies. OEMs are also shifting focus on direct injection engines for gasoline cars (TGDI) to meet the upcoming emission norms, and this trend is expected to grow rapidly during the forecast period. Thus, the market for fluid transfer systems in the region is expected to grow significantly in the coming years.

The Fluid Transfer System Market is dominated by global players and comprises several regional players as well. The key players in the Fluid Transfer System Market are Cooper Standard (US), Kongsberg (Switzerland), TI fluid systems (UK),  Contitech (Germany), Akwel (France), Hutchinson (France), Lander automotive (UK), Tristone (Germany), Castello Italia (Italy), and Gates (US).

Browse Related Reports:

Thermal System Market for Automotive By Application (Front & Rear AC, Engine & Transmission, Seat, Steering, Battery, Motor, Power Electronics, Waste Heat Recovery), Technology, Electric & ICE Components, Vehicle Type and Region – Global Forecast to 2027

Catalytic Converter Market by Type (FWCC, TWCC, SCR, DOC, and LNT), Material (Platinum, Palladium, and Rhodium), Vehicle Type (Passenger Cars, LCV, Bus & Truck, Construction, and Agriculture & Mining), Aftermarket and Region – Global Forecast to 2025

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the «Growth Engagement Model – GEM». The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write «Attack, avoid and defend» strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, «Knowledge Store» connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/fluid-transfer-system-market.asp
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Fluid Transfer System Market worth $24.7 billion by 2025 – Exclusive Report by MarketsandMarkets™

CHICAGO, Jan. 29, 2021 /PRNewswire/ — According to the new market research report «Fluid Transfer System Market by Type (Brake, Fuel, AC, Air Suspension, DPF, SCR, Transmission Oil, Turbo Coolant, Engine & Battery Cooling, Air Brake), Material (Al, Rubber, Nylon, Steel,…

CHICAGO, Jan. 29, 2021 /PRNewswire/ — According to the new market research report «Fluid Transfer System Market by Type (Brake, Fuel, AC, Air Suspension, DPF, SCR, Transmission Oil, Turbo Coolant, Engine & Battery Cooling, Air Brake), Material (Al, Rubber, Nylon, Steel, Stainless Steel), On & Off-Highway, EV and Region- Global Forecast to 2025″, published by MarketsandMarkets™, the Fluid Transfer System Market is projected to grow at a CAGR of 6.7% from 2020 to 2025, and the market size is expected to grow from USD 17.8 billion in 2020 to USD 24.7 billion by 2025. Stringency in emission norms and demand for enhanced fuel economy are projected to drive the Fluid Transfer System Market.

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Browse in-depth TOC on «Fluid Transfer System Market»
148 – Tables
49 – Figures
229 – Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id= 163311077  

AC lines segment will hold the largest share of the Fluid Transfer System Market

Increase in superior cabin experience has propelled to ever-increasing the growth of the AC lines market. Today, almost all the vehicles that are manufactured are equipped with an air conditioning system. Thus, there is tough competition between automakers to provide enhanced comfort. This competition has increased pressure on OEMs to deliver technologically advanced automotive air conditioning systems. Also, the increasing popularity of premium vehicles, has driven the adoption of rear AC system. Thus, the increasing demand for rear air conditioning has also driven the growth of AC lines and is expected to grow further in coming years.

PC is the fastest-growing segment for fluid transfer system as it is witnessing increasing usage of SCR and DPF

The passenger car segment is estimated to hold the largest market share of the Fluid Transfer System Market during the forecast period. In addition, the implementation of Euro 6 and EPA Tier 3 norms for passenger cars demands a 100% DPF deployment. Alternatively, the demand for SCR has increased in developed countries to comply with existing emission standards for NOx gases.
Also, the growing demand for cars equipped with TGDI is expected to significantly drive the sales of passenger car turbo coolant lines. Thus, with upcoming regulations like China 6 a and 6b and India’s BS-VI, the markets for turbochargers, DPF, and SCR are expected to grow at a prominent rate in the coming years and boost the market for fluid transfer systems in passenger cars.

Request FREE Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id= 163311077  

Asia Pacific is estimated to be the largest geographical segment of the Fluid Transfer System Market

The upcoming emission norms in Asia Pacific are the most prominent driving forces for the Fluid Transfer System Market. For instance, China implemented China 6a & 6b, India implemented BS VI norms in 2020. Also, At the same time, the demand for luxury cars has increased considerably. The increase in demand for vehicles, especially premium passenger cars, has accentuated the need for cabin comfort and luxury and enhanced the demand for better air conditioning systems and suspension technologies. OEMs are also shifting focus on direct injection engines for gasoline cars (TGDI) to meet the upcoming emission norms, and this trend is expected to grow rapidly during the forecast period. Thus, the market for fluid transfer systems in the region is expected to grow significantly in the coming years.

The Fluid Transfer System Market is dominated by global players and comprises several regional players as well. The key players in the Fluid Transfer System Market are Cooper Standard (US), Kongsberg (Switzerland), TI fluid systems (UK),  Contitech (Germany), Akwel (France), Hutchinson (France), Lander automotive (UK), Tristone (Germany), Castello Italia (Italy), and Gates (US).

Browse Related Reports:

Thermal System Market for Automotive By Application (Front & Rear AC, Engine & Transmission, Seat, Steering, Battery, Motor, Power Electronics, Waste Heat Recovery), Technology, Electric & ICE Components, Vehicle Type and Region – Global Forecast to 2027

Catalytic Converter Market by Type (FWCC, TWCC, SCR, DOC, and LNT), Material (Platinum, Palladium, and Rhodium), Vehicle Type (Passenger Cars, LCV, Bus & Truck, Construction, and Agriculture & Mining), Aftermarket and Region – Global Forecast to 2025

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the «Growth Engagement Model – GEM». The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write «Attack, avoid and defend» strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, «Knowledge Store» connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/fluid-transfer-system-market.asp
Visit Our Website: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/fluid-transfer-system.asp

 

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SOURCE MarketsandMarkets

At Mirror Lake Inn Resort and Spa in Lake Placid, safety is the new luxury as iconic resort adds muscle and might with additional health and safety protocols

LAKE PLACID, N.Y., Jan. 29, 2021 /PRNewswire-PRWeb/ — After a three-month voluntary closure in the spring to mitigate the COVID-19 spread, the AAA Four Diamond Mirror Lake Inn Resort and Spa in Lake Placid reopened on June 26 with a cadre of new…

LAKE PLACID, N.Y., Jan. 29, 2021 /PRNewswire-PRWeb/ — After a three-month voluntary closure in the spring to mitigate the COVID-19 spread, the AAA Four Diamond Mirror Lake Inn Resort and Spa in Lake Placid reopened on June 26 with a cadre of new protocols to ensure the health and safety of its staff and guests.

The property in Upstate New York, always known for its attention to cleanliness, spent $400,000 initially to emphasize its current mantra: Safety is the New Luxury. The resort led the way within the local lodging industry by integrating hospital-grade Ultraviolet C (UV-C) light disinfection and cleaning equipment, along with state-of-the-art electrostatic sprayers into their already extensive cleaning protocols.

Going a step further, the Inn also launched a new app allowing for remote check-in and check-out capabilities, upgraded their door locks to RFID technology allowing for keyless entry via smart phone, installed touchless hand sanitizers around the property and at all points of entry, redesigned and renovated its upscale restaurant, «The View», to enhance social distancing, expanded outdoor seating capacities around the hotel and restaurants, added thermal imaging cameras so that all staff are screened prior to the start of their shift along with all patrons in the restaurant and Spa. The end result was a safe and healthy summer and fall season.

«We are fortunate here that we are enjoying strong business, and doing it while keeping our guests and staff safe and healthy,» remarked Mirror Lake Inn owner Ed Weibrecht. «One of the reasons is that people perceive the Adirondacks as a safe place to visit, and in that, people are perceiving that the Mirror Lake Inn is the safest place they can go to.

«We have incredible protocols in place which I would say are second to none, and we can come as close as possible to guaranteeing a safe environment for our staff and our guests. The reason we’ve put all these protocols in is that we don’t want our staff to be at risk and we don’t want our guests to be at risk.»

Weibrecht and his employees, who proudly claim the AAA Four Diamond Award of Excellence for the past 36 consecutive years and offer an authentic Adirondack experience, have never been ones to settle for a level of excellence when there’s a higher reach available. In recent months, Weibrecht says an additional $100,000 has been spent to help staff and guests be as safe as practically possible.

The total of all these efforts has led to the Inn’s recent acceptance of the GBAC Star. The accreditation is presented by the Global Biorisk Advisory Council, recognized as the cleaning industry’s only outbreak prevention, response and recovery accreditation for facilities. It is the gold standard of prepared facilities, and means that a site has:

  • Established and maintained a cleaning, disinfection, and infectious disease prevention program to minimize risks associated with infectious agents like the novel coronavirus.
  • The proper cleaning protocols, disinfection techniques, and work practices in place to combat biohazards and infectious disease.
  • Highly informed cleaning professionals who are trained for outbreak and infectious disease preparation and response.

WHITEFACE MOUNTAIN GONDOLA CABINS ARRIVE AT THE COTTAGE CAFE

Some of that additional expenditure was used very creatively. When Whiteface Mountain replaced its gondola cabins this fall with a brand-new fleet, the Olympic Mountain announced that the originals would be available for sale. That’s all the Mirror Lake Inn had to hear as it recently purchased two such units and placed them at its hip Cottage Café.

The lakeside pub offers indoor and outdoor dining in the warmer seasons, but with these heated cabins now in play, diners will enjoy a very unique experience in a socially distanced manner on the deck of the establishment.

The concept has opened to rave reviews – the cabins are perfect for families and parties of up to eight guests who can remove their jackets in 72-degree indoor comfort. Complete cleaning and sanitizing processes follow each use of the Whiteface/Cottage Café gondola cars.

On the opposite side of The Cottage, a new heated tent offers guests comfortable outdoor dining with full views of Mirror Lake and the Adirondack High Peaks.

CLEAN AIR IS A MUST AT THE MIRROR LAKE INN

While the Mirror Lake Inn staff continues to be vigilant about surfaces and common areas like the library and the lobby, the lion’s share of recent infrastructure investment has focused on the disinfection and sanitization of the property’s air.

«While we acknowledge the continued importance of disinfecting touch points and surfaces, my team and I have let the science guide us and the science says air is the primary vector for virus transmission,» continued Weibrecht. «Where the science goes, we follow and make the necessary investments. At the end of the day, it is our responsibility to keep our guests and staff safe and we take this responsibility very seriously.»

Recognizing UV-C technology is the gold standard in air sanitization, ownership recently procured Haiku UV-C ceiling fans and HoMedics standing air sanitizing units which employ UV-C, ionization and HEPA filtration technologies.

Haiku ceiling fans are billed as the world’s first smart fan with built-in automatic adjustments, while HoMedics is a known innovator in health and wellness technology. These latest additions supplement the UV-C filters installed in all air circulation systems (HVAC) prior to reopening on June 26, 2020.

The Inn’s owner then detailed how the process actually happens.

«The new ceiling fans have been installed in the living room, library, lobby, conference center and View Lounge. These units are designed to pull the air through the room and over the top of the fan. As that occurs, the virus is killed by the UV-C light integrated into the fan’s design. These fans have also been installed in The Cottage Cafe, in addition to the implementation of UV-C filters in the air handling systems. Finally, UV-C lights have been added to the top of the beams in The Cottage’s vaulted ceiling so that as air moves throughout the entire building, it is constantly being sanitized.»

Similar attention has been given to the Four Diamond The View Restaurant.

«In addition to constantly sanitizing The View through the UV-C filters in our ventilation system, we use industrial grade UV-C devices to additionally clean the air in our dining room on a daily basis.»

Of course, the Adirondacks that surround the Inn provide some of the cleanest and purest air on our planet. Management wholeheartedly endorses this natural environment and urges guests to partake in our Great Outdoors. Ski, skate, hike, snow shoe, walking, running – whatever your preference, you’ll feel much better at the end of the day.

To make that more enticing, the hotel has introduced a new outdoor skating rink on the Inn’s tennis court. This new rink will complement the skating and hockey surfaces that the Inn creates on Mirror Lake once temperatures allow. You can then warm up outside at one of four fire pits recently procured.

If chess is your game, guests can play the Inn’s oversized version outside on the snow-covered lawn of the Mountain View building.

MLI HELPS YOU AVOID CROWDED SKI AND RENTAL SHOPS

Skiers will be happy to know that the Mirror Lake Inn is the only lodging property in Lake Placid with its own ski shop. It comes with personalized service from brothers Andrew and Ethan Weibrecht, sons of Ed. Andrew won Olympic silver and bronze medals in super G, and is a member of the U.S. Skiing Hall of Fame and Museum. His younger brother, Ethan, is a former NCAA Division I collegiate skier and Freeride World Qualifier Tour Member.

Leave your gear at home and leave your equipment needs in their capable hands. With a fleet of performance adult skis, boots, poles and helmets including top of the line premium skis from the Head Ski’s 2021 line, they’ll hook up guests with a world-class fit to best match each skier’s abilities. However, if you wish to bring your own equipment from home, Andrew and Ethan offer complete ski preparation to get you carving and arcing down Whiteface Mountain.

In addition to the convenience factor and expert advice available from the brothers, the Inn’s ski concierge services give guests the peace of mind of knowing they can avoid potentially congested commercial ski shops and rental areas.

OWNER’S ADDRESS TO STAFF OFFERS WISE WORDS FOR EVERYONE

In a video address to hotel workers, Ed Weibrecht beseeched his employees to be vigilant in combatting COVID-19 when away from the Mirror Lake Inn, encouraging them to take control of the situation and help themselves. Yet, his words are a good reminder for everyone.

«We’re doing just about everything humanly possible to try and guarantee the safety of the staff and of our guests. But there’s more than just that. We need employees to participate. I feel we are probably protecting the staff better than anybody in the country while they’re at work, but we can’t guarantee protection when employees are not here. That’s where the staff have to be diligent and smart. If an employee picks up the virus, they can bring it home to their parents, siblings, grandparents, friends and neighbors. That’s irresponsible. That’s how it spreads. That’s why it gets out of control. We all need to do our part. When coming in contact with other people, wear a mask, use hand sanitizer, practice social distancing, and wash your hands frequently. It’s best to avoid congregations of large numbers of people. Don’t go to a party. No one’s immune from this. Everyone has to take charge of this themselves.»

-MLI-

About the Mirror Lake Inn

The AAA Four Diamond Mirror Lake Inn Resort and Spa is a luxury lakefront resort offering an authentic Adirondack experience. The Inn, rated the number one «Lakefront Resort», «Spa» and «Fine-Dining Restaurant» on TripAdvisor and recipient of the AAA Four Diamond Award for 36 consecutive years, offers both Four Diamond world-class cuisine and casual dining options, with impeccable service amid awe-inspiring views. Only one other property in New York State (located in Manhattan), has maintained the Four Diamond designation longer than Mirror Lake Inn. It is the only property in Lake Placid that combines Four Diamond lodging and dining. The Inn’s renowned Lake Placid spa pampers the body and refreshes the mind with a comprehensive menu of services. The Inn is conveniently located one block from the restaurants and shops on Main Street in Lake Placid.

Media Contact

Sandy Caligiore, sandy@mirrorlakeinn.com, +1 (518) 302-3086, sandy@mirrorlakeinn.com

Sandy Caligiore, Mirror Lake Inn Resort and Spa, 518-302-3086, sandy@mirrorlakeinn.com

 

SOURCE Mirror Lake Inn Resort and Spa

SCA – Interim Report Q4 2020

STOCKHOLM, Jan. 29, 2021 /PRNewswire/ —

OCTOBER 1 – DECEMBER 31, 2020
(compared with July 1 – September 30, 2020) 

  • Net sales increased 6% to SEK 4,592m (4,338), mainly related to higher delivery volumes. 
  • Adjusted EBITDA increased to SEK 1,377m (1,032) and the EBITDA margin increased to 30.0% (23.8).
  • Operating cash flow…

STOCKHOLM, Jan. 29, 2021 /PRNewswire/ —

OCTOBER 1 – DECEMBER 31, 2020
(compared with July 1 – September 30, 2020) 

  • Net sales increased 6% to SEK 4,592m (4,338), mainly related to higher delivery volumes. 
  • Adjusted EBITDA increased to SEK 1,377m (1,032) and the EBITDA margin increased to 30.0% (23.8).
  • Operating cash flow amounted to SEK 957m (1,118).

JANUARY 1 – DECEMBER 31, 2020
(compared with January 1 – December 31, 2019)

  • Net sales declined 6% to SEK 18,410m (19,591). The fall in sales was mainly related to lower selling prices, which was partly offset by higher delivery volumes.
  • EBITDA amounted to SEK 3,393m (21,361). The difference was mainly related to two material one-off items, a negative earnings impact from the discontinuation of publication paper operations in 2020 of SEK -1,047m and a positive earnings impact of approximately SEK 16bn from the changed accounting method for valuation of forest assets in 2019. 
  • Adjusted EBITDA was SEK 4,440m (5,319), corresponding to an EBITDA margin of 24.1% (27.2). The decrease was mainly due to lower selling prices.
  • Operating profit amounted to SEK 1,145m (19,665). The difference was mainly due to one-off items from the discontinuation of publication paper operations in 2020 of SEK -1,694m and the changed accounting method for forest assets of approximately SEK 16bn in 2019. 
  • Operating cash flow amounted to SEK 2,688m (2,916).
  • Earnings per share was SEK 1.09 (22.10). Adjusted earnings per share amounted to SEK 3.19 (4.05).
  • The Board of Directors proposes a dividend of SEK 2.00 (0.00) per share.

COMMENTS ON THE FINANCIAL STATEMENTS
2020 was a year marked to a large extent by COVID-19 and its impact on people, society and the market. Health and safety have always been a top priority and SCA has taken a number of measures to protect risk groups, reduce the spread of the virus and to ensure that production, sales and distribution have been maintained with continued focus on pursuing profitable growth.

During the year, SCA decided to discontinue the publication paper operations consisting of three paper machines at the Ortviken industrial site. These will be shut down sequentially during the first quarter of 2021 and when the closure is completed, SCA will only have operations in expanding product categories with healthy future prospects. SCA has also decided to invest SEK 1.45bn in an annual production of 300,000 tonnes of CTMP (chemically pre-treated thermomechanical pulp) at the Ortviken industrial site, where part of the existing infrastructure will be used. The kraftliner expansion project at Obbola is progressing on plan and on budget.

Following a period with a weaker market, falling prices and rising inventory levels during the first half of 2020, the market has gradually improved for all product categories except publication paper, which continued to weaken. SCA’s focus has been to decrease working capital in an uncertain environment. This has resulted in a strong operating cash flow in the third and fourth quarters of 2020 which has contributed to a reduced net debt at the end of the year.

Based on the forest survey conducted in 2019, a new harvesting plan has been made during the year which shows that SCA can gradually increase planned annual harvesting from the previous level of 4.3 million m3fo to 5.4 million m3fo in 2025, an increase of 25%. During the year, SCA continued to acquire forest in the Baltic states.

The year and the fourth quarter were impacted by material one-off items related to the discontinuation of publication paper operations. Adjusted earnings in the fourth quarter improved compared with the preceding quarter and the year-earlier quarter. A higher share of harvesting from SCA-owned forest and higher earnings from the revaluation of biological assets due to the new forest survey and harvesting plan had a positive impact on earnings.

The supply of wood to SCA’s industries was stable during the quarter. The price of sawlogs remained stable while the price of pulpwood fell slightly.

The market for solid-wood products remained strong during the quarter, driven by high demand in the building materials trade in the US, Scandinavia, UK and the rest of Northern Europe. Market prices increased compared with the preceding period.

Delivery volumes in the Pulp segment increased compared with the preceding quarter. A planned maintenance stop took place during the quarter. Following the restart, production has been stable and at planned level.

The average selling price for kraftliner was lower than in the preceding quarter. Demand increased during the fourth quarter and inventory levels decreased. In connection with the discontinuation of publication paper operations, focus in this product area has been to bring forward publication paper production ahead of the closure and to minimize costs.

Higher transaction prices for forest assets in northern Sweden
SCA bases its valuation of forest assets in Sweden on forest transactions in the areas where SCA owns forest. The market value of the forest has increased during 2020. The average market price used in the valuation of SCA’s forest assets was SEK 291/m3fo at December 31, 2020, corresponding to a carrying amount of SEK 74.9bn.

INVITATION TO PRESS CONFERENCE ON THE INTERIM REPORT FOR THE FOURTH QUARTER OF 2020

Members of the media and analysts are hereby invited to attend a press conference where this interim report will be presented by the President and CEO, Ulf Larsson, and CFO, Toby Lawton.

 

Time:   

                                   

  Friday, January 29, 2021 at 10:00 a.m.                                             

                                   

The press conference will be webcast live at www.sca.com. It is also possible to participate by telephone by calling:

                                   

Sweden:  

 

+46 (0)8 5069 2180

                    

UK:  

 

+44 (0)2071 928000

                                   

US:

 

+1 631 510 7495

Specify «SCA» or the conference ID: 9984826.

For further information, please contact
Toby Lawton, CFO, +46 (0)60 19 31 09
Josefine Bonnevier, Investor Relations Director, +46 (0)60 19 33 90
Björn Lyngfelt, SVP Communications, +46 (0)60 19 34 98

Please note:
This is information that SCA is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. This report has been prepared in both Swedish and English versions. In case of variations in the content between the two versions, the Swedish version shall govern. The information was submitted for publication, through the agency of the contact person set out below, on January 29, 2021 at 08:00 a.m. CET. The report has not been reviewed by the company’s auditors.
Björn Lyngfelt, Vice President, Communications, +46 (0)70 626 82 23

The core of SCA’s business is the growing forest, Europe’s largest private forest holding. Around this unique resource, we have built a well-developed value chain based on renewable raw material from our own and others’ forests. We offer packaging paper, pulp, wood products, renewable energy, services for forest owners and efficient transport solutions. 
2020 the forest products company SCA had approximately 4,000 employees and sales amounted to approximately SEK 18.4 bn. SCA was founded in 1929 and has its headquarters in Sundsvall, Sweden. More information at www.sca.com.

This information was brought to you by Cision http://news.cision.com

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SOURCE SCA

2021 Japan Prize Laureates Announced

TOKYO, Jan. 29, 2021 /PRNewswire/ — The winners of the 2021 Japan Prize were announced on January 29 by the Japan Prize Foundation and its president, Hiroshi Komiyama. The newest laureates are Australian researcher Prof. Martin Andrew Green, honored for his work in the field of «Resources, Energy, the Environment, and Social Infrastructure,» and U.S. researchers Prof. Bert…

TOKYO, Jan. 29, 2021 /PRNewswire/ — The winners of the 2021 Japan Prize were announced on January 29 by the Japan Prize Foundation and its president, Hiroshi Komiyama. The newest laureates are Australian researcher Prof. Martin Andrew Green, honored for his work in the field of «Resources, Energy, the Environment, and Social Infrastructure,» and U.S. researchers Prof. Bert Vogelstein and Dr. Robert A. Weinberg, joint winners for their work in the field of «Medical Science and Medicinal Science.»

– In the field of Resources, Energy, the Environment, and Social Infrastructure

Prof. Martin Andrew Green:
https://kyodonewsprwire.jp/img/202101139691-O1-aQv3J84r

– In the field of Medical Science and Medicinal Science

Prof. Bert Vogelstein:
https://kyodonewsprwire.jp/img/202101139691-O2-mi5iCHaU

Dr. Robert A. Weinberg:
https://kyodonewsprwire.jp/img/202101139691-O3-nF44s3aw

Prof. Green is being honored for his work in developing high-efficiency silicon photovoltaic devices, while Prof. Vogelstein and Dr. Weinberg are being honored for their pioneering contributions to the development of a multi-step carcinogenesis model, and to the model’s application and its impact on improving cancer treatment.

Approximately 14,000 prominent scientists and engineers from Japan and other countries were approached for nominations for this year’s Japan Prize, and they nominated 142 individuals in the field of Resources, Energy, the Environment, and Social Infrastructure, and 243 individuals in the field of Medical Science and Medicinal Science. This year’s Japan Prize laureates were selected from among those 385 nominations.

Please visit:
https://www.japanprize.jp/en/index.html

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SOURCE Japan Prize Foundation