TPT January 2011

G lobal M arketplace › But Ms Clark observed that, more and more, customers in emerging markets oblige manufacturers to establish design and assembly facilities in their nations and to share critical aerospace technology. Accordingly, Saj Ahmad, an analyst at the London-based consulting firm FBE Aerospace, told her that he sees “a very big risk” of job losses in Europe. He cautioned that adding or moving production and design capabilities abroad, especially to lower-wage countries, was likely to raise hackles back home. Mr Gallois is aware that European governments have invested heavily in infrastructure and provided significant research and development support to EADS over decades, to ensure that high- skills jobs remain in Europe. He stressed that EADS is committed to its home base of France, Germany, Britain and Spain. “I want to be clear that we are not on our way to leaving Europe,” the EADS chief told Ms Clark. “But we need to build this third pillar in emerging countries. And for sure, in the not-too-distant future, it will be as important as the other two.”

licensing arrangement under which ZKMK will manufacture GE- 10 advanced technology gas turbines in Kazakhstan. According to the Italian company (a unit of the Energy Infrastructure division of General Electric Co, of the US), the GE-10 is a 10 to 14 megaWatt turbine designed for mechanical drive applications including pipelines, re-injection, and other on- and offshore oil and gas field services. It burns a wide range of liquid and gas fuels including low BTU gas and hydrogen. › Seeking to benefit from growing energy demand with the assistance of global partners, PetroChina Co is joining with the Dutch-British supermajor Royal Dutch Shell Plc to study energy projects in Canada and China. Mao Zefeng, a spokesman for Hong Kong-listed PetroChina, said in a 10 November telephone interview with Bloomberg News that the companies will cooperate on an oil and gas project in Canada and also jointly evaluate the Daning coalbed methane block in the Ordos basin in Inner Mongolia. An arm of state-owned China National Petroleum Corp, PetroChina is the largest Chinese oil producer. Its president, Zhou Jiping, said in August 2010 that the company planned to increase cooperation with foreign energy companies to accelerate its global expansion. Another agreement with Shell, for the joint shale-gas assessment of the Fushun-Yongchuan block in Sichuan, China, was signed in 2009. Chinese energy demand will jump 75% by 2035, and will account for more than a third of global growth in demand, the International Energy Agency said in a November report. Spotlight on: India Ambitious Indian companies in flight from bureaucratic red tape turn their attention to Africa Writing from New Delhi in BusinessWeek , Mehul Srivastava and his colleague Subrmaniam Sharma, of Bloomberg News , noted the increasing attraction that Africa exerts on Indian companies intent on growth. Like the Chinese before them, the Indians are alert to opportunities for investment and outright acquisitions across a variety of sectors. According to data compiled by Bloomberg and the Heritage Foundation, since 2005 Indian businesses have spent some $16 billion on the continent of Africa; Chinese businesses, at least $31 billion. Many of the Indian companies looking toward Africa are tired of regulatory headaches at home. But they also, according to the two reporters, see Africa as a place where they can replicate the low-cost, high-efficiency business model they have honed at home. Like India, Africa has hundreds of millions of underserved and eager prospective customers. The global management consulting firm McKinsey & Co predicts that spending by African consumers may double to as much as $1.8 trillion by 2020. As noted by BusinessWeek , this would amount to the addition of a consumer market the size of Brazil. (“Corporate India Finds Greener Pastures — in Africa,” 4 November)

GE Oil & Gas has extended its partnership with JSC ZKMK

Oil & gas › Following an agreement signed last July for the servicing of the GE fleet of oil and gas turbomachinery equipment installed in the Republic of Kazakhstan, GE Oil & Gas (Florence, Italy) and the Kazakh engineering manufacturing company JSC ZKMK have extended their partnership. The two companies on 10 November announced the formation of a technology transfer and

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