Day: February 8, 2022

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CNH Industrial 2021 Fourth Quarter and Full Year Results

The following is an extract from the “CNH Industrial 2021 Fourth Quarter and Full Year Results” press release. The complete press release can be accessed by visiting the media section of the CNH Industrial corporate website: www.cnhindustrial.com/en-us/media/press_releases or consulting the accompanying PDF:

CNH Industrial reports strong full year performance in 2021, the last year of operations prior to the demerger of Iveco Group effective January 1, 2022. Consolidated revenues of $33.4 billion (up 28% year on year), net income of $1,760 million, with adjusted diluted EPS of $1.35, and adjusted EBIT of Industrial Activities of $2,114 million the highest in Company history. Free cash flow of Industrial Activities positive $1,751 million.

Financial results presented under U.S. GAAP

Net sales of Industrial Activities of $31,622 million, up 30% with increases in all segments due to continued strong industry demand and price realization.

Adjusted EBIT of Industrial Activities of $2,114 million ($552 million in 2020), with Agriculture adjusted EBIT of $1,810 million and adjusted EBIT margin of 12.3% in the year. Adjusted EBIT increased by $391 million for Commercial and Specialty Vehicles and $274 million for Construction. Powertrain adjusted EBIT of $256 million ($233 million in 2020).

Adjusted net income of $1,880 million, with adjusted diluted earnings per share of $1.35 (adjusted net income of $437 million and adjusted diluted earnings per share of $0.28 in 2020).

Reported income tax expense of $342 million, which includes a $161 million tax benefit related to recognizing certain deferred tax assets. Adjusted effective tax rate (adjusted ETR) of 23%, which reflects a favorable geographic mix of pre-tax earnings.

Free cash flow of Industrial Activities was positive $1.8 billion due to the strong operating performance. Total Debt of $23.7 billion at December 31, 2021 ($26.1 billion at December 31, 2020). Industrial Activities net cash position at $0.3 billion, a decrease of $0.5 billion from December 31, 2020, primarily due to the cash-out for the acquisition of 100% interest in Raven ($2,246 million) and 90% interest in Sampierana ($86 million).

Available liquidity at $12.1 billion as of December 31, 2021.

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Global Summit Gathers World Leaders on Peaceful Reconciliation of the Korean Peninsula

Prestigious Sunhak Peace Prize Laureates to be Honored

Washington, DC, Feb. 07, 2022 (GLOBE NEWSWIRE) — FOR IMMEDIATE RELEASE

Global Summit Gathers World Leaders on

Peaceful Reconciliation of the Korean Peninsula

Prestigious Sunhak Peace Prize Laureates to be Honored

The upcoming World Summit 2022 (Summit for Peace on the Korean Peninsula) will gather world leaders and a worldwide virtual audience around topics related to peaceful reconciliation on the Korean Peninsula.

The Feb. 10-13 World Summit 2022, held in Seoul, South Korea, is sponsored by the Universal Peace Federation (UPF) and the Kingdom of Cambodia. It will feature keynote speakers from around the world on a range of topics related to the peaceful reconciliation of the Korean Peninsula. Many speakers are from the 157 countries
that have diplomatic ties with both North and South Korea.

World Summit 2022 is hosted by UPF Co-Founder Dr. Hak Ja Han Moon, and co-chaired by Samdech Hun Sen, Prime Minister of the Kingdom of Cambodia, and H.E. Ban Ki-moon, former United Nations Secretary-General (2007-2016).

A highlight of the Summit is the 5th Sunhak Peace Prize Award Ceremony, to be held on Feb. 12, which will honor Oxford University vaccinologist Prof. Sarah Gilbert and Gavi, the Vaccine Alliance for their efforts to serve humanity during the COVID-19 pandemic.

H.E. Hun Sen will be honored with the 2nd Sunhak Peace Prize Founder’s Award, which is given to recognize distinguished world leaders who demonstrate significant accomplishments for peace throughout their careers.

The Sunhak Peace Prize, founded in 2013 by Dr. Moon to honor the legacy of her late husband Rev. Dr. Sun Myung Moon, is intended to “find and scale up the best peace solutions we can find,” organizers said at a Feb. 7 press conference to announce the 2022 Laureates. Speakers included H.E. Chring Botum Rangsay, Cambodian Ambassador to South Korea; H.E. Jose Manuel Barroso, chairman of the Sunhak Peace Prize; and Sunhak Peace Prize leaders, Washington Times Chairman Thomas P. McDevitt, Dr. Nam In-seog and Dr. Yun Young-ho. Laureates receive a cash prize, medal and plaque.

Adhering to South Korea’s COVID-19 safety guidelines, distinguished participants from around the world will gather in Seoul for World Summit 2022, which begins with the Opening Plenary at the Republic of Korea National Assembly on Friday, Feb. 11, 2022 (KST). Millions more will participate in the Summit via a high-tech hybrid format.

“The Korean War began more than 70 years ago and concluded with an armistice, not a peace treaty,” said UPF Chairman Dr. Thomas G. Walsh. “The Korean Peninsula is populated by a people with thousands of years of common history, culture and language. Is it not possible to resolve this conflict and bring about the peaceful reunification of the peninsula? We will seek answers to these questions at the Summit,” Dr. Walsh said.

In addition to the 5th Sunhak Peace Prize Award Ceremony, World Summit 2022 will hold the Global Assembly of Heads of State and Government, the Interreligious Peace Summit and the Rally for Peace on the Korean Peninsula that will involve more than one million people.

Moreover, before and during World Summit 2022, organizers will convene high-level sessions around the work of UPF’s peacebuilding associations. These include:

  • International Summit Council for Peace (ISCP) and the International Association of First Ladies for Peace (IAFLP)
  • International Association of Parliamentarians for Peace (IAPP)
  • Interreligious Association for Peace and Development (IAPD)
  • International Association for Peace and Economic Development (IAED)
  • International Media Association for Peace (IMAP)
  • International Association of Academicians for Peace (IAAP)
  • International Association of Arts and Culture for Peace (IAACP)

World Summit 2022 is part of UPF’s ongoing series of peacebuilding activities, which are held under the theme of mutual prosperity, interdependence and shared universal values.

UPF, an NGO in General Consultative Status with the Economic and Social Council of the United Nations, is known for its Rally of Hope series, the International Leadership Conference series, and, since early 2021, the Forum series of Think Tank 2022. The latter project was created to engage more than 2,000 global thought leaders on how to achieve a breakthrough for peace on the Korean Peninsula. (Details about Think Tank 2022 Forums can be found at UPF.org)

For media inquiries, please contact:

William P. Selig | Communications Director, Universal Peace Federation

Ph: 240-274-1744 | Email: wselig@upf.org | Web: www.upf.org

Attachment

William P. Selig
Universal Peace Federation
240-274-1744
wselig@upf.org
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FutureDial Automation Solutions Process Over 231 Million Preowned Mobile Phones Worldwide

Growing adoption of FutureDial’s robotics and automation software by Wireless Carriers, Third-Party Logistics Providers (3PLs) and Mobile Device Recyclers led to explosive volumes of preowned iPhones and Android Smartphones being processed for resale in 2021

SUNNYVALE, Calif., Feb. 08, 2022 (GLOBE NEWSWIRE) — FutureDial Incorporated continued its commanding lead in providing mobile device processing solutions for Wireless Carriers, Mobile Device Buy-Back & Trade-In Companies, Mobile Phone Recyclers and Third-Party Logistics Providers (3PLs) during the year, announcing that its robotics and automation software solutions have been used by customers in the mobile supply chain to data clear, functionally test and grade a cumulative total of over 231.4 Million pre-owned Android smartphones and iPhones worldwide, for resale on secondary markets. Additionally, the total number of functional tests using FutureDial software and robotics for quality assurance performed on preowned iPhones and Android smartphones exceeded 400 Million tests. In Q4 2021 alone, FutureDial reported that processing volume with customers increased over 50%.

In the growing reverse logistics market in the mobile supply chain, FutureDial is a leading provider-of-choice for automated processing solutions for preowned mobile phones, as well as for data management systems for those phone processing operations. This lucrative market continues to grow as the average selling price of second-generation smartphones in today’s market approaches an average of $180, representing an approximate total available market value of over $52.7 billion. The used smartphone market share in North America reached 24.4% and is expected to grow to 27% by 2024.

Boosting Workflows and Profits with Automation
As the market grows, mobile device reverse logistics operators and wireless carriers are challenged to keep up with processing the multi-millions of phone models which are traded-in or returned each year. This is increasingly difficult when current manual processes do not scale easily and labor challenges exist as they do today. FutureDial works closely with these companies based on their goals for automation and their desired pace of evolution through the automation lifecycle. Solutions provided by FutureDial range from single station implementations to total integrated solutions which automate and streamline the touchpoints and workflows all the way through the mobile device processing lines at customer sites. Automating these processes in the processing centers results in significant cost savings for the companies, which enables them to make more money on each phone they resell.

Process-Automation Achieves Certifiable Pricing of Used Phones
“Surpassing 231 million mobile phones processed by our robotics and software solutions indicates the explosive growth we are seeing with customers as they embrace, implement and scale process automation,” noted Frank Harbist, FutureDial’s President and CEO. “Our modular and fully-integrated robotics and software solutions address customers’ unique needs for receiving, data-clearing, functional testing, and cosmetically grading smartphones and tablets for resale. Our process-automation approach and lifecycle orientation empower clients to achieve consistent, accurate and certifiable testing and resale price grading of millions of preowned phones, thereby achieving their business goals.”

About FutureDial
Founded in 1999, FutureDial is the leading provider of processing solutions for the mobile device reverse logistics supply chain. FutureDial’s easy-to-use, ADISA certified, automated SMART Processing Platform™ reduces the number of operator touches, saving time and money for Mobile Device Buy-Back Trade-In companies, Third-Party Logistics Providers (3PLs), Wireless Carriers and Mobile Device Manufacturers (OEMs). By simplifying and automating processes, consolidating work flows and giving insight into business operations, FutureDial makes these businesses more efficient, profitable and responsive to their customer needs. Visit http://www.futuredial.com or email sales@futuredial.com .

Media Contact:
Bruce Brunger, Marketing Communications Manager, FutureDial, Incorporated
Tel: (408) 245-8880 Ext 206 Email: bruceb@futuredial.com

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Marsel Khaliullin Named Business Line Manager Aftermarket Services Russia & CIS, Nikkiso Industrial Russia

TEMECULA, Calif., Feb. 07, 2022 (GLOBE NEWSWIRE) — Nikkiso Cryogenic Industries’ Clean Energy & Industrial Gases Group (Group), a subsidiary of Nikkiso Co., Ltd (Japan), is pleased to announce that Marsel Khaliullin has been named Business Line Manager Aftermarket Services Russia & Cryogenic Industries Service for Nikkiso Industrial Russia (NIR).

Based in Russia, he will manage and support Aftermarket Services, reporting to Ayman Zeitoun in NIR and Jim Estes for CIS.

Marsel has over 20 years of experience working at various positions in the maintenance and engineering business related to rotating equipment, including the previous six years in the Oil & Gas industry in Iraq and 10 years working with international companies. For the past two years, Marsel managed the Rotating Equipment workshop for SPM Oil & Gas, a Caterpillar company.

“Marsel’s experience and industry knowledge will be of great benefit to NIR and we look forward to his positive contributions,” according to Ayman Zeitoun, Vice President & Managing Director – Russia – Operations.

With this addition, Nikkiso continues their commitment to be both a global and local presence for their customers.

ABOUT CRYOGENIC INDUSTRIES
Cryogenic Industries, Inc. (now a member of Nikkiso Co., Ltd.) member companies manufacture engineered cryogenic gas processing equipment and small-scale process plants for the liquefied natural gas (LNG), well services and industrial gas industries. Founded over 50 years ago, Cryogenic Industries is the parent company of ACD, Cosmodyne and Cryoquip and a commonly controlled group of approximately 20 operating entities.

For more information please visit www.nikkisoCEIG.com and www.nikkiso.com.

MEDIA CONTACT:
Anna Quigley
+1.951.383.3314
aquigley@cryoind.com

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President Nguyen Xuan Phuc receives coach Park Hang-seo

President Nguyen Xuan Phuc on February 8 hosted a reception for head coach of the Vietnamese men’s football team Park Hang-seo, and leaders of the Vietnam Football Federation (VFF) and the Ministry of Culture, Sports and Tourism (MCST).

The meeting took place after the men’s football team and the women’s team won two consecutive victories on the 1st and 2nd days of the Lunar New Year.

President Phuc once again praised and highly appreciated Park and members of the national men’s football team for a 3-1 victory over China in the final round of the 2022 FIFA World Cup qualifiers.

He also sent congratulations to coach Mai Duc Chung and the national women’s football team for their excellent performance in defeating Chinese Taipei 2-1, which helped them advance to the finals of the 2023 Women’s World Cup for the first time. The President emphasised that each sport victory represents the country’s common aspiration in development.

While affirming the great contributions and achievements of Park and Chung to Vietnamese football, which are appreciated by the Party, State and people, the State leader wished the two talented coaches will continue to put their mind, energy and enthusiasm for the development of Vietnamese football with a rising position.

The President also asked the MCST and the Central Committee for Emulation and Rewards to offer timely rewards to the two coaches and players who have made many excellent achievements, adding that more attention should be paid to female footballers.

He affirmed that the Party and State always pay attention to the comprehensive development of Vietnamese sports and focus on some popular subjects such as football. The President also requested the MCST to soon complete an in-depth review related to sports with high achievements and the organisation of professional tournaments.

Park and Acting President of the VFF Tran Quoc Tuan thanked leaders of the Party and State, especially President Nguyen Xuan Phuc, for always paying attention to the development of Vietnamese sports, including football.

Although challenges lie ahead, the national men’s football team will do its best to obtain similar results as the women’s, they said.

Source: Vietnam News Agency

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Deputy PM orders improved capacity of search, rescue, sovereignty defence

Permanent Deputy Prime Minister Pham Binh Minh visited the Vietnam Maritime Search and Rescue Coordination Centre (Vietnam MRCC) on February 8, stressing the need for improving the search, rescue, and sovereignty safeguarding capacity.

He spoke highly of the centre’s cooperation with other forces, including the naval, fisheries resources surveillance, and coast guard forces, as well as fishermen, to save people in distress at sea within the shortest periods of time.

Another great duty of the MRCC and relevant forces is to defend the country’s maritime sovereignty, the Deputy PM noted, adding Vietnam possesses considerable sovereignty and sovereign rights at sea, and that safeguarding maritime sovereignty is the common responsibility of all forces.

Given this, he requested the Ministry of Transport consider the proposal for enhancing the search, rescue, and sovereignty defence capacity.

MRCC General Director Bui Van Minh said the maritime rescue force acts as the coordinator of search and rescue activities in sea areas of Vietnam and has also taken part in rescue operations in international waters.

During 2016 – 2021, it dealt with over 3,200 incident reports, sent specialised vehicles for search and rescue purposes for 432 times, and directly saved 5,450 people and 446 boats in distress at sea, including 215 people and 11 vehicles of foreign nationalities.

Notably, they directly conducted rescue operations in 68 cases in the vicinity of Vietnam’s Hoang Sa (Paracel) and Truong Sa (Spratly) archipelagos during the period.

Source: Vietnam News Agency

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NA leader hails industry-trade sector’s performance

National Assembly Chairman Vuong Dinh Hue acknowledged the achievements of the industry and trade sectors over the last year during a working session with leaders of the Ministry of Industry and Trade (MoIT) on February 8.

The NA leader highlighted the 6.37 percent growth of processing-manufacturing and the 23 percent surge in import-export revenue year on year to 670 billion USD in 2021, making Vietnam one of the world top 20 economies with biggest trade scale.

He also recognised the contribution of the sector in the signing of many new-generation free trade agreements, including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the Vietnam-EU Free Trade Agreement (EVFTA) and the Regional Comprehensive Economic Partnership (RCEP).

Pointing out challenges forecast in 2022, NA Chairman Hue asked the sector to apply drastic measures to flexibly and safely adapt to COVID-19 and boost economic recovery, including early issuing a plan of action to implement the NA’s Resolution 43/2022/QH15 on fiscal and monetary policies to support the socio-economic recovery programme as well as the Government’s Resolution No. 11/NQ-CP on socio-economic recovery and development.

Noting that the NA will conduct a supervision programme over the implementation of the Planning Law in 2022, he requested the MoIT to speed up the revision of strategies and plans under its management.

The NA leader also reminded the MoIT to pay greater attention to Party building and the studying and following of President Ho Chi Minh’s ideology, lifestyle and moral example.

The same day, the legislator made a visit to the Vietnam National Textile and Garment Group (Vinatex), during which he asked the group to pay more attention to building the Vietnamese brand and increasing the added value of the country’s garment and textile products.

Speaking at a working session with Vinatex leaders, Hue said that the garment industry has overcome difficulties and challenges caused by the COVID-19 pandemic, and was assessed as the best buying geography among the 27 leading apparel producing nations and territories in 2021.

Gaining these achievements, Vinatex has promoted its core and leading role, he affirmed.

The leader advised the group to learn from lessons of the past two years of the COVID-19 outbreak, grasp opportunities and trends in changing supply chains and the relationship in the textile and garment supply chain, and focus more on the domestic market of nearly 100 million consumers. Noting that the garment and textile industry always has an important role to play in the economy and economic recovery in 2022-2023, the NA Chairman proposed the Government, ministries and sectors direct the early implementation of support packages.

Meanwhile, Vinatex was asked to soon address its labour shortage and restructure its production to ensure the on-time completion of orders with the highest possible quality.

He also suggested the Government, the Prime Minister, relevant ministries and sectors promptly carry out the economic recovery and development programmes in order to help businesses in general, and garment and textile enterprises and Vinatex in particular soon restore production; continue creating a favourable investment environment for businesses; and issue policies to support businesses in attracting more workers.

Source: Vietnam News Agency

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Hanoi: Schools expected to reopen for more primary, secondary students from February 21

Face-to-face learning for students from the first to sixth grades have been proposed to be resumed in 12 more districts in Hanoi on February 21.

The proposal was made by the capital’s Department of Education and Training at a virtual meeting on February 7 following the municipal authorities’ earlier decision of allowing students of these grades in 18 suburban districts and towns to go back to school from February 10.

The meeting reviewed the preparation for the resumption of face-to-face learning targeting seventh to twelfth graders in the city from February 8.

Reports from education and training offices of 30 local towns and districts showed that all works had been done as of 6pm on February 7, ready to welcome back the students in line with COVID-19 prevention and control measures.

According to the department’s statistics, more than 99 percent of teachers, educational staff, and students at the secondary and high school levels in Hanoi have been vaccinated against the coronavirus.

Vietnam logged 16,815 new COVID-19 infections on February 7. Hanoi recorded the highest number of infections with 2,988, followed by Nghe An with 1,247 and Da Nang with 935.

Source: Vietnam News Agency