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LGES marks KRW 25.6 trillion in consolidated revenue and KRW 1.2 trillion in operating profit in 2022 2023 goal set at 25-30 percent increase in annual revenue, with over 50 percent increase in capital expenditure The company to concentrate on four key initiatives to respond to the rising battery demands and effectively target the North American market SEOUL, South Korea, Jan. 27, 2023 /PRNewswire/ -- LG Energy Solution (LGES; KRX: 373220) today announced its 2022 whole-year and fourth quarter earnings, posting record-high annual consolidated revenue and operating profit. At the conference call, the company also revealed its 2023 revenue target to increase the annual revenue by 25 to 30 percent from the previous year, through the expansion and stable operation of global manufacturing facilities, as well as increasing sales in the North American region. For the full year, LGES reported KRW 25.6 trillion in consolidated revenue and KRW 1.2 trillion in operating profit, marking an on-year increase of 43.4 percent and 57.9 percent respectively. "A record-high annual revenue was made possible, as battery shipment has increased across all product line-ups in our proactive response to the increased demands for EVs and power grid energy storage systems (ESS)," explained Chang Sil Lee, CFO of LG Energy Solution at the conference call. "We have also expanded the reflection of major cost increase into the average selling price (ASP), which also played a role in achieving a notable performance last year." Lee added, "Thanks to economies of scale led by sales growth, cost saving achieved through improving productivity, and expanding price-competitive metal sourcing, annual operating profit has also shown a significant growth compared to the previous year." LGES also reported its fourth quarter financial results of KRW 8.54 trillion in consolidated revenue and KRW 237.4 billion in operating profit. The fourth quarter revenue of 2022, marking a record-high, increased by 12 percent from the previous quarter (KRW 7.65 trillion) and by 92 percent year-on-year (KRW 4.44 trillion), driven by increased EV battery sales for major customers, production ramp-up at the GM JV (Ultium Cells) plant in Ohio, and volume growth in ESS for power grids. "Despite positive effects of economies of scale led by shipment growth and continuous improvement in productivity, the fourth quarter operating profit has seen a temporary drop on quarter due to one-off factors such as the recognition of employees' incentives in line with the sound annual financial results and incremental expenses for ESS battery replacement," explained LGES. "Excluding the one-off impacts, the operating profit remained similar to the previous quarter." Aiming for 25 to 30 percent revenue growth in 2023 LGES also announced it will pursue 25 to 30 percent increase in the annual consolidated revenue in 2023. The company also plans to increase its capex by more than 50 percent from the previous year's KRW 6.3 trillion. "We aim to meet our annual target revenue mainly through the expansion and stable operation of global manufacturing facilities, as well as sales expansion in the North American region," explained LGES. "We will also continue to enhance the operating profit by improving the cost curve and advancing differentiations in product competitiveness." LGES has continued to strengthen its strategic partnerships with global automakers throughout the year by starting the ramp-up at the GM JV (Ultium Cells) plant in Ohio, as well as announcing new joint ventures with Stellantis and Honda. Now, the company plans to further expand its global production capacity to 300GWh by the end of this year. With this goal in mind, LGES will proactively increase the production capacities of its manufacturing facilities in North America, Europe, and Asia. In North America, where the fastest growth in EV market is expected, the company's production capacity is expected to reach 55GWh, thanks to the operation of two Ultium Cells plants in Ohio and Tennessee. In Poland and Asia (including South Korea and China), the production capacities are also expected to expand to 90GWh and 155GWh, respectively. The company's order backlog has recorded KRW 385 trillion at the end of last year. Four Key Initiatives to Respond to the Rising Global Battery Demand LGES forecasted this year's global battery market demand will reach 890 GWh, a 33 percent increase from the previous year (670GWh). By region, North American battery market is expecting the fastest growth of mid-to-high 60 percent range, thereby leading the expansion of the whole global battery market. European and Chinese markets are also expected to expand by mid-40 percent and mid-20 percent, respectively. To proactively respond to the increase in the global battery demand, LGES will concentrate on four major initiatives: 1) promoting product competitiveness, 2) materializing smart factories, 3) establishing supply chain management system, and 4) securing future readiness through developing next-generation battery technologies and new business areas. "Based on our strong execution we will continue to further reinforce our products' competitive advantage and global operation expertise, thereby providing the world-best customer value," said Youngsoo Kwon, CEO of LG Energy Solution. About LG Energy Solution LG Energy Solution (KRX: 373220), a split-off from LG Chem, is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems. With 30 years of experience in revolutionary battery technology and extensive research and development (R&D), the company is the top battery-related patent holder in the world with over 25,000 patents. Its robust global network, which spans North America, Europe, Asia, and Australia, includes battery manufacturing facilities established through joint ventures with major automakers such as General Motors, Stellantis N.V., Hyundai Motor Group, and Honda Motor Co., Ltd. At the forefront of green business and sustainability, LG Energy Solution aims to achieve carbon neutral operations by 2050, while embodying the value of shared growth and promoting diverse and inclusive corporate culture. To learn more about LG Energy Solution's ideas and innovations, visit https://news.lgensol.com.
MACAU and HONG KONG SAR - Media OutReach - 26 January 2023 - Prudential plc (Prudential) today announced it has received approval from the Macau Special Administrative Region to establish a branch of its Hong Kong business in Macau. With the addition of Macau, Prudential will have a presence in 24 markets across Asia and Africa. Prudential will initially offer life and health insurance solutions in Macau through its digitally-enhanced agency force. These solutions include multi-currency options to meet customer needs in savings, healthcare and protection. Lilian Ng, Managing Director, Strategic Business Group, Prudential said the new Macau branch completes the company's footprint in China's Greater Bay Area (GBA). The GBA is made up of nine cities in the Guangdong Province and the two Special Administrative Regions of Hong Kong and Macau. Its substantial population of 86.7 million people contributed to 11 per cent of China's GDP[1] in 2021. "While we have seen rapid economic development in Macau, insurance penetration remains low. With the city's fast-ageing population, there is strong demand from its residents for solutions that can help them access private healthcare facilities in Macau and elsewhere in the GBA. "The Macau branch will play a pivotal role in our strategy to make healthcare and financial security more accessible to people in the GBA, as we leverage our 50-year experience of providing insurance to customers in Hong Kong," said Ng. Macau has a life insurance penetration rate at 6.4 per cent in 2021[2] - slightly over one-third of Hong Kong's 17.3 per cent. In 2021, the gross written premium of Macau's life insurance industry grew 26 per cent year-on-year to reach MOP 33 billion[3] (approximately USD 4 billion[4]), driven by rising demand for protection and wealth accumulation products in the city. Lawrence Lam, Chief Executive Officer of Prudential Hong Kong, who will have management and performance oversight of the Macau branch, said, "We are delighted to have the opportunity to offer our innovative insurance solutions to the people of Macau. The establishment of the Macau branch is a key milestone for the Group's GBA strategy." Chris Ma appointed as General Manager of Prudential Macau Prudential has appointed Chris Ma to be the General Manager of Prudential Macau with immediate effect. In this role, Ma will be responsible for driving the operational strategy, establishing the distribution channels and building a comprehensive suite of products in Macau. He will lead key initiatives to launch the company's agency advisory and customer support services. With a strong track record of driving agency productivity and recruitment, Ma brings with him more than 30 years of solid experience in the insurance industry. He was the Chief Executive Officer of AIA Macau prior to joining Prudential. Prudential's Macau branch is located at 12 Andar A, FIT Centre of Macau, Avenida Doutor Mario Soares. It will provide a wide range of services, including policy enquiries and payment services. Customers can also contact Prudential Macau at (+853) 8293 0833. [1] Source: HKTDC Research: https://research.hktdc.com/en/article/MzYzMDE5NzQ5 and https://research.hktdc.com/en/article/MzIwNjcyMDYx, based on the exchange rate of CNY1 to USD0.157 as of December 2021. [2] Source: Swiss Re Institute – Sigma report "World insurance: inflation risks front and centre" (P.43): https://www.swissre.com/institute/research/sigma-research/sigma-2022-04.html [3] Source: Monetary Authority of Macao SAR: https://www.amcm.gov.mo/en/research-statistics/statistics-page/statistic-insurance [4] Based on the currency exchange rate of USD1 to MOP8.03 on 26 January 2023. Hashtag: #Prudentialplc About Prudential plc Prudential plc provides life and health insurance and asset management in 24 markets across Asia and Africa. The business helps people get the most out of life, by making healthcare affordable and accessible and by promoting financial inclusion. Prudential protects people's wealth, helps them grow their assets, and empowers them to save for their goals. The business has more than 19 million life customers and has dual primary listings on the Stock Exchange of Hong Kong (2378) and the London Stock Exchange (PRU). It also has a secondary listing on the Singapore Stock Exchange (K6S) and a listing on the New York Stock Exchange (PUK) in the form of American Depositary Receipts. It is also a constituent of the Hang Seng Composite Index. Prudential is not affiliated in any manner with Prudential Financial, Inc. a company whose principal place of business is in the United States of America, nor with The Prudential Assurance Company Limited, a subsidiary of M&G plc, a company incorporated in the United Kingdom. https://www.prudentialplc.com/ Forward-looking statements This document may contain 'forward-looking statements' with respect to certain of Prudential's (and its wholly and jointly owned businesses') plans and its goals and expectations relating to its future financial condition, performance, results, strategy and objectives. Statements that are not historical facts, including statements about Prudential's (and its wholly and jointly owned businesses') beliefs and expectations and including, without limitation, statements containing the words 'may', 'will', 'should', 'continue', 'aims', 'estimates', 'projects', 'believes', 'intends', 'expects', 'plans', 'seeks' and 'anticipates', and words of similar meaning, are forward-looking statements. These statements are based on plans, estimates and projections as at the time they are made, and therefore undue reliance should not be placed on them. By their nature, all forward-looking statements involve risk and uncertainty. A number of important factors could cause actual future financial condition or performance or other indicated results to differ materially from those indicated in such forward-looking statement. Such factors include, but are not limited to, current and future market conditions including fluctuations in interest rates and exchange rates, inflation (including interest rate rises as a response), sustained high or low interest rate environments, the performance of financial and credit markets generally and the impact of economic uncertainty, slowdown or contraction, (including as a result of the Russia-Ukraine conflict and related or other geopolitical tensions and conflicts) which may also impact policyholder behaviour and reduce product affordability, asset valuation impacts from the transition to a lower carbon economy and derivative instruments not effectively mitigating any exposures; global political uncertainties, including the potential for increased friction in cross-border trade and the exercise of laws, regulations and executive powers to restrict trade, financial transactions, capital movements and/or investment; the impact of Covid-19 outbreaks, including adverse financial market and liquidity impacts, responses and actions taken by governments, regulators and supervisors, the impact on sales, claims and assumptions and increased product lapses, disruption to Prudential's operations (and those of its suppliers and partners), risks associated with new sales processes and technological and information security risks; the policies and actions of regulatory authorities, including, in particular, the policies and actions of the Hong Kong Insurance Authority, as Prudential's Group-wide supervisor, as well as the degree and pace of regulatory changes and new government initiatives generally; given its designation as an Internationally Active Insurance Group, the impact on Prudential of systemic risk and other group supervision policy standards adopted by the International Association of Insurance Supervisors; the physical, social and financial impacts of climate change and global health crises on Prudential's business and operations; the impact of not adequately responding to environmental, social and governance issues (including not properly considering the interests of Prudential's stakeholders or failing to maintain high standards of corporate governance); the impact of competition and fast-paced technological change; the effect on Prudential's business and results from, in particular, mortality and morbidity trends, lapse rates and policy renewal rates; the timing, impact and other uncertainties of future acquisitions or combinations within relevant industries; the impact of internal transformation projects and other strategic actions failing to meet their objectives or adversely impacting the Group's employees; the availability and effectiveness of reinsurance for Prudential's businesses; the risk that Prudential's operational resilience (or that of its suppliers and partners) may prove to be inadequate, including in relation to operational disruption due to external events; disruption to the availability, confidentiality or integrity of Prudential's information technology, digital systems and data (or those of its suppliers and partners) including the Pulse platform; the increased non-financial and financial risks and uncertainties associated with operating joint ventures with independent partners, particularly where joint ventures are not controlled by Prudential; the impact of changes in capital, solvency standards, accounting standards or relevant regulatory frameworks, and tax and other legislation and regulations in the jurisdictions in which Prudential and its affiliates operate; and the impact of legal and regulatory actions, investigations and disputes. These and other important factors may, for example, result in changes to assumptions used for determining results of operations or re-estimations of reserves for future policy benefits. Further discussion of these and other important factors that could cause actual future financial condition or performance to differ, possibly materially, from those anticipated in Prudential's forward-looking statements can be found under the 'Risk Factors' heading in Prudential's 2022 Half Year Financial Report and the 'Risk Factors' heading in Prudential's 2021 Annual Report. Prudential's Prudential's 2022 Half Year Financial Report and 2021 Annual Report are available on its website at www.prudentialplc.com. These factors are not exhaustive as Prudential operates in a continually changing business environment with new risks emerging from time to time that it may be unable to predict or that it currently does not expect to have a material adverse effect on its business. Any forward-looking statements contained in this document speak only as of the date on which they are made. Prudential expressly disclaims any obligation to update any of the forward-looking statements contained in this document or any other forward-looking statements it may make, whether as a result of future events, new information or otherwise except as required pursuant to the UK Prospectus Rules, the UK Listing Rules, the UK Disclosure Guidance and Transparency Rules, the Hong Kong Listing Rules, the SGX-ST Listing Rules or other applicable laws and regulations. Cautionary statements This document does not constitute or form part of any offer or invitation to purchase, acquire, subscribe for, sell, dispose of or issue, or any solicitation of any offer to purchase, acquire, subscribe for, sell or dispose of, any securities in any jurisdiction nor shall it (or any part of it) or the fact of its distribution, form the basis of, or be relied on in connection with, any contract therefor.
MACAU and HONG KONG SAR - Media OutReach - 26 January 2023 - Prudential plc (Prudential) today announced it has received approval from the Macau Special Administrative Region to establish a branch of its Hong Kong business in Macau. With the addition of Macau, Prudential will have a presence in 24 markets across Asia and Africa. Prudential will initially offer life and health insurance solutions in Macau through its digitally-enhanced agency force. These solutions include multi-currency options to meet customer needs in savings, healthcare and protection. Lilian Ng, Managing Director, Strategic Business Group, Prudential said the new Macau branch completes the company's footprint in China's Greater Bay Area (GBA). The GBA is made up of nine cities in the Guangdong Province and the two Special Administrative Regions of Hong Kong and Macau. Its substantial population of 86.7 million people contributed to 11 per cent of China's GDP[1] in 2021. "While we have seen rapid economic development in Macau, insurance penetration remains low. With the city's fast-ageing population, there is strong demand from its residents for solutions that can help them access private healthcare facilities in Macau and elsewhere in the GBA. "The Macau branch will play a pivotal role in our strategy to make healthcare and financial security more accessible to people in the GBA, as we leverage our 50-year experience of providing insurance to customers in Hong Kong," said Ng. Macau has a life insurance penetration rate at 6.4 per cent in 2021[2] - slightly over one-third of Hong Kong's 17.3 per cent. In 2021, the gross written premium of Macau's life insurance industry grew 26 per cent year-on-year to reach MOP 33 billion[3] (approximately USD 4 billion[4]), driven by rising demand for protection and wealth accumulation products in the city. Lawrence Lam, Chief Executive Officer of Prudential Hong Kong, who will have management and performance oversight of the Macau branch, said, "We are delighted to have the opportunity to offer our innovative insurance solutions to the people of Macau. The establishment of the Macau branch is a key milestone for the Group's GBA strategy." Chris Ma appointed as General Manager of Prudential Macau Prudential has appointed Chris Ma to be the General Manager of Prudential Macau with immediate effect. In this role, Ma will be responsible for driving the operational strategy, establishing the distribution channels and building a comprehensive suite of products in Macau. He will lead key initiatives to launch the company's agency advisory and customer support services. With a strong track record of driving agency productivity and recruitment, Ma brings with him more than 30 years of solid experience in the insurance industry. He was the Chief Executive Officer of AIA Macau prior to joining Prudential. Prudential's Macau branch is located at 12 Andar A, FIT Centre of Macau, Avenida Doutor Mario Soares. It will provide a wide range of services, including policy enquiries and payment services. Customers can also contact Prudential Macau at (+853) 8293 0833. [1] Source: HKTDC Research: https://research.hktdc.com/en/article/MzYzMDE5NzQ5 and https://research.hktdc.com/en/article/MzIwNjcyMDYx, based on the exchange rate of CNY1 to USD0.157 as of December 2021. [2] Source: Swiss Re Institute – Sigma report "World insurance: inflation risks front and centre" (P.43): https://www.swissre.com/institute/research/sigma-research/sigma-2022-04.html [3] Source: Monetary Authority of Macao SAR: https://www.amcm.gov.mo/en/research-statistics/statistics-page/statistic-insurance [4] Based on the currency exchange rate of USD1 to MOP8.03 on 26 January 2023. Hashtag: #PrudentialplcThe issuer is solely responsible for the content of this announcement.About Prudential plcPrudential plc provides life and health insurance and asset management in 24 markets across Asia and Africa. The business helps people get the most out of life, by making healthcare affordable and accessible and by promoting financial inclusion. Prudential protects people's wealth, helps them grow their assets, and empowers them to save for their goals. The business has more than 19 million life customers and has dual primary listings on the Stock Exchange of Hong Kong (2378) and the London Stock Exchange (PRU). It also has a secondary listing on the Singapore Stock Exchange (K6S) and a listing on the New York Stock Exchange (PUK) in the form of American Depositary Receipts. It is also a constituent of the Hang Seng Composite Index. Prudential is not affiliated in any manner with Prudential Financial, Inc. a company whose principal place of business is in the United States of America, nor with The Prudential Assurance Company Limited, a subsidiary of M&G plc, a company incorporated in the United Kingdom. https://www.prudentialplc.com/ Forward-looking statements This document may contain 'forward-looking statements' with respect to certain of Prudential's (and its wholly and jointly owned businesses') plans and its goals and expectations relating to its future financial condition, performance, results, strategy and objectives. Statements that are not historical facts, including statements about Prudential's (and its wholly and jointly owned businesses') beliefs and expectations and including, without limitation, statements containing the words 'may', 'will', 'should', 'continue', 'aims', 'estimates', 'projects', 'believes', 'intends', 'expects', 'plans', 'seeks' and 'anticipates', and words of similar meaning, are forward-looking statements. These statements are based on plans, estimates and projections as at the time they are made, and therefore undue reliance should not be placed on them. By their nature, all forward-looking statements involve risk and uncertainty. A number of important factors could cause actual future financial condition or performance or other indicated results to differ materially from those indicated in such forward-looking statement. Such factors include, but are not limited to, current and future market conditions including fluctuations in interest rates and exchange rates, inflation (including interest rate rises as a response), sustained high or low interest rate environments, the performance of financial and credit markets generally and the impact of economic uncertainty, slowdown or contraction, (including as a result of the Russia-Ukraine conflict and related or other geopolitical tensions and conflicts) which may also impact policyholder behaviour and reduce product affordability, asset valuation impacts from the transition to a lower carbon economy and derivative instruments not effectively mitigating any exposures; global political uncertainties, including the potential for increased friction in cross-border trade and the exercise of laws, regulations and executive powers to restrict trade, financial transactions, capital movements and/or investment; the impact of Covid-19 outbreaks, including adverse financial market and liquidity impacts, responses and actions taken by governments, regulators and supervisors, the impact on sales, claims and assumptions and increased product lapses, disruption to Prudential's operations (and those of its suppliers and partners), risks associated with new sales processes and technological and information security risks; the policies and actions of regulatory authorities, including, in particular, the policies and actions of the Hong Kong Insurance Authority, as Prudential's Group-wide supervisor, as well as the degree and pace of regulatory changes and new government initiatives generally; given its designation as an Internationally Active Insurance Group, the impact on Prudential of systemic risk and other group supervision policy standards adopted by the International Association of Insurance Supervisors; the physical, social and financial impacts of climate change and global health crises on Prudential's business and operations; the impact of not adequately responding to environmental, social and governance issues (including not properly considering the interests of Prudential's stakeholders or failing to maintain high standards of corporate governance); the impact of competition and fast-paced technological change; the effect on Prudential's business and results from, in particular, mortality and morbidity trends, lapse rates and policy renewal rates; the timing, impact and other uncertainties of future acquisitions or combinations within relevant industries; the impact of internal transformation projects and other strategic actions failing to meet their objectives or adversely impacting the Group's employees; the availability and effectiveness of reinsurance for Prudential's businesses; the risk that Prudential's operational resilience (or that of its suppliers and partners) may prove to be inadequate, including in relation to operational disruption due to external events; disruption to the availability, confidentiality or integrity of Prudential's information technology, digital systems and data (or those of its suppliers and partners) including the Pulse platform; the increased non-financial and financial risks and uncertainties associated with operating joint ventures with independent partners, particularly where joint ventures are not controlled by Prudential; the impact of changes in capital, solvency standards, accounting standards or relevant regulatory frameworks, and tax and other legislation and regulations in the jurisdictions in which Prudential and its affiliates operate; and the impact of legal and regulatory actions, investigations and disputes. These and other important factors may, for example, result in changes to assumptions used for determining results of operations or re-estimations of reserves for future policy benefits. Further discussion of these and other important factors that could cause actual future financial condition or performance to differ, possibly materially, from those anticipated in Prudential's forward-looking statements can be found under the 'Risk Factors' heading in Prudential's 2022 Half Year Financial Report and the 'Risk Factors' heading in Prudential's 2021 Annual Report. Prudential's Prudential's 2022 Half Year Financial Report and 2021 Annual Report are available on its website at www.prudentialplc.com. These factors are not exhaustive as Prudential operates in a continually changing business environment with new risks emerging from time to time that it may be unable to predict or that it currently does not expect to have a material adverse effect on its business. Any forward-looking statements contained in this document speak only as of the date on which they are made. Prudential expressly disclaims any obligation to update any of the forward-looking statements contained in this document or any other forward-looking statements it may make, whether as a result of future events, new information or otherwise except as required pursuant to the UK Prospectus Rules, the UK Listing Rules, the UK Disclosure Guidance and Transparency Rules, the Hong Kong Listing Rules, the SGX-ST Listing Rules or other applicable laws and regulations. Cautionary statements This document does not constitute or form part of any offer or invitation to purchase, acquire, subscribe for, sell, dispose of or issue, or any solicitation of any offer to purchase, acquire, subscribe for, sell or dispose of, any securities in any jurisdiction nor shall it (or any part of it) or the fact of its distribution, form the basis of, or be relied on in connection with, any contract therefor.
New, SaaS-Based Solution from Solibri Provides In-Design Model Checking for Vectorworks Users. COLUMBIA, MD., Jan. 23, 2023 /PRNewswire/ -- Global design and BIM software provider Vectorworks, Inc. has partnered with fellow Nemetschek Group brand Solibri to offer users a new way to deliver quality designs confidently. With Solibri Inside, you can validate, report and modify design errors in an easy-to-use model checker directly inside Vectorworks. Created with designers' needs in mind, the new feature helps to reduce risk with fewer errors and improves efficiency with fewer file exchanges, saving architects, their consultants and clients valuable time and money. "Quality assurance is a critical component of BIM, but many architecture firms have historically lacked a robust way to accurately and efficiently check their models," said Vectorworks CEO Dr. Biplab Sarkar. "We're proud to alleviate this pain point for our users in collaboration with Solibri through this integrated, flexible and time-saving solution. Solibri Inside provides automatic rule-based checking in a convenient application, so architects can confidently deliver high-quality, precise designs every time." This innovative feature now works within the latest version, Vectorworks 2023 Service Pack 3, eliminating the need for users to open another software platform to perform basic model checking. Users can ensure their BIM models comply with building regulations, national and international standards or a specific project's BIM requirements seamlessly before sharing with other project stakeholders within their workflow. "Today sees another step towards 'better BIM,'" said Solibri CEO Ville Kyytsönen. "Solibri's mission is to improve the quality of digital construction. BIM is essential in this mission - it is the 'single source of truth.' Solibri is improving the quality of models by bringing quality checking as part of the model authoring process. With Solibri Inside, we improve the process by enabling more QA early in the process before coordination takes place." Vectorworks users can install the plug-in now through the Partner Installation Palette. The first release of Solibri Inside comes with a free standard package for checking door and window clearances and the supporting Level of Information (LOI) in your Vectorworks building information model. Users can unlock additional features by registering a Solibri Inside account. With a Solibri Inside account, users can add Premium paid packages, giving users the ability to create customized rule checks to meet their project's BIM requirements. For more information on utilizing Solibri Inside within Vectorworks, visit www.solibri.com/inside. About Vectorworks, Inc. Vectorworks, Inc. is an award-winning design and BIM software provider serving the architecture, landscape architecture and entertainment industries in 85 countries. Built with designers in mind since 1985, Vectorworks software offers you the freedom to follow your imagination wherever it leads you. Globally more than 685,000 users are creating, connecting and influencing the next generation of design with Vectorworks on Mac and Windows. Headquartered in Columbia, Maryland, with offices in the UK, Canada and Australia, Vectorworks is a part of the Nemetschek Group. Learn how you can design without limits at vectorworks.net or follow @Vectorworks.
CNH Industrial Tech Day event logo CNH Industrial Tech Day event logo Our first Tech Day shows how we are Breaking New Ground in Agriculture London, December 7, 2022 CNH Industrial is making great strides in delivering on its Ag Tech roadmap. We are demonstrating achieved progress in the Precision Technology space at a two-day event for financial, investor and media communities. It is taking place in Phoenix, Arizona, USA today (December 7) and tomorrow (December 8). It will showcase how we are developing and commercializing industry-leading products in automation, autonomy, digital, alternative fuels and electrification to benefit our customers, the world’s farmers, and the Earth. “Our Tech Day will show the world how CNH Industrial is leveraging our great iron to develop and deploy technology that simplifies and enhances operations; provides insightful data; and utilizes alternative power solutions – all to sustainably advance farming,” says Scott W. Wine, Chief Executive Officer, CNH Industrial. “Raven’s significant contributions to this effort will also be on full display – demonstrating how we have incorporated their capabilities and accelerated our technology offering to create customer solutions that drive efficiency and profitability.” CNH Industrial’s full year 2022 Agriculture net sales are expected to include an estimated $900 million contribution coming exclusively from Precision Technology components. We forecast a 10 - 15% annual growth rate across the next two to three years and are aggressively pursuing an estimated $1 billion in 2023 net sales contribution from Precision Technology components. Precision Technology components include technology contained in wholegoods, retrofit components, and Raven third-party sales. Telling the story, showing the results The morning will see CNH Industrial’s leaders and technical experts review our Ag Tech innovations with a specific focus on Precision Technology through Automation, Autonomy and Connected Platform technologies. Industry firsts and new technology developments – both at commercial and concept stage – will also be presented. A discussion on the Business Impact of Ag Tech will outline how Precision Technology drives value for our customers, business, R&D and talent. Then we will go out in the field and show our audience these technologies in action – ready for farmers to put to work across the full farming cycle. TILLAGE Soil by Soil Precision PLANTING Seed by Seed Precision APPLICATION Drop by Drop Precision HARVESTING Grain by Grain Precision ORCHARD & VINEYARD Fruit by Fruit Precision HAY & FORAGE Cut by Cut Precision SUSTAINABILITY Source by Source Customer-focused: helping farmers solve big challenges Precision is embedded into our technology solutions and it helps farmers make better decisions by seeing, sensing, and acting on data levels beyond what they were previously able to access. Here are the key areas where we are driving productivity for our customers: Automation delivers higher yields, reduces input costs and operator fatigue, improves efficiency and lowers environmental impact. Autonomy expands operating windows and increases productivity. Our Connected Platform links farmers to their machines, fields, team, and partners helping them manage their operations from anywhere, anytime. The Raven advantage Raven is accelerating our autonomy program and enhancing our Tech Stack capabilities to deliver solutions faster. In just over a year, we have already developed and brought cutting-edge firsts to the world’s fields through our Brands. These include the industry’s first autonomous spreader. And even more firsts will be launched at Tech Day – showing how together, we offer an open ecosystem that drives early adoption and learning. Alternative fuels. Real world benefits The demand to reduce emissions and address the evolving energy crisis intensifies our drive to find new ways to power our iron. CNH Industrial is a first mover in alternative fuels and electrification for agriculture. This event will see us unveil world firsts for Liquefied Natural Gas – generated from captured Methane – and Electrification in farming. They play a key role in our sustainability journey to set and reach science-based reduction targets. CNH Industrial’s technology solutions demonstrate our commitment to sustainably advancing the noble work of farmers everywhere. Follow updates from the event at: bit.ly/CNHITechDay Forward-looking statements All statements other than statements of historical fact contained in this press release, including competitive strengths; business strategy; future financial position or operating results; budgets; projections with respect to revenue, income, earnings (or loss) per share, capital expenditures, dividends, liquidity, capital structure or other financial items; costs; and plans and objectives of management regarding operations and products, are forward-looking statements. Forward looking statements also include statements regarding the future performance of CNH Industrial and its subsidiaries on a standalone basis. These statements may include terminology such as “may”, “will”, “expect”, “could”, “should”, “intend”, “estimate”, “anticipate”, “believe”, “outlook”, “continue”, “remain”, “on track”, “design”, “target”, “objective”, “goal”, “forecast”, “projection”, “prospects”, “plan”, or similar terminology. Forward-looking statements, including those related to the COVID-19 pandemic, are not guarantees of future performance. Rather, they are based on current views and assumptions and involve known and unknown risks, uncertainties and other factors, many of which are outside our control and are difficult to predict. If any of these risks and uncertainties materialize (or they occur with a degree of severity that the Company is unable to predict) or other assumptions underlying any of the forward-looking statements prove to be incorrect, including any assumptions regarding strategic plans, the actual results or developments may differ materially from any future results or developments expressed or implied by the forward-looking statements. Factors, risks and uncertainties that could cause actual results to differ materially from those contemplated by the forward-looking statements include, among others: the continued uncertainties related to the unknown duration and economic, operational and financial impacts of the global COVID-19 pandemic and the actions taken or contemplated by governmental authorities or others in connection with the pandemic on our business, our employees, customers and suppliers; supply chain disruptions, including delays caused by mandated shutdowns, industry capacity constraints, material availability, and global logistics delays and constraints; disruption caused by business responses to COVID-19, including remote working arrangements, which may create increased vulnerability to cybersecurity or data privacy incidents; our ability to execute business continuity plans as a result of COVID-19; the many interrelated factors that affect consumer confidence and worldwide demand for capital goods and capital goods-related products, including demand uncertainty caused by COVID-19; general economic conditions in each of our markets, including the significant economic uncertainty and volatility caused by the war in the Ukraine and COVID-19; changes in government policies regarding banking, monetary and fiscal policy; legislation, particularly pertaining to capital goods-related issues such as agriculture, the environment, debt relief and subsidy program policies, trade and commerce and infrastructure development; government policies on international trade and investment, including sanctions, import quotas, capital controls and tariffs; volatility in international trade caused by the imposition of tariffs, sanctions, embargoes, and trade wars; actions of competitors in the various industries in which we compete; development and use of new technologies and technological difficulties; the interpretation of, or adoption of new, compliance requirements with respect to engine emissions, safety or other aspects of our products; production difficulties, including capacity and supply constraints and excess inventory levels; labor relations; interest rates and currency exchange rates; inflation and deflation; energy prices; prices for agricultural commodities; housing starts and other construction activity; our ability to obtain financing or to refinance existing debt; price pressure on new and used equipment; the resolution of pending litigation and investigations on a wide range of topics, including dealer and supplier litigation, intellectual property rights disputes, product warranty and defective product claims, and emissions and/or fuel economy regulatory and contractual issues; security breaches, cybersecurity attacks, technology failures, and other disruptions to the information technology infrastructure of CNH Industrial and its suppliers and dealers; security breaches with respect to our products; our pension plans and other post-employment obligations; political and civil unrest; volatility and deterioration of capital and financial markets, including other pandemics, terrorist attacks in Europe and elsewhere; our ability to realize the anticipated benefits from our business initiatives as part of our strategic plan; our failure to realize, or a delay in realizing, all of the anticipated benefits of our acquisitions, joint ventures, strategic alliances or divestitures and other similar risks and uncertainties, and our success in managing the risks involved in the foregoing. Forward-looking statements are based upon assumptions relating to the factors described in this press release, which are sometimes based upon estimates and data received from third parties. Such estimates and data are often revised. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are outside CNH Industrial’s control. CNH Industrial expressly disclaims any intention or obligation to provide, update or revise any forward-looking statements in this announcement to reflect any change in expectations or any change in events, conditions or circumstances on which these forward-looking statements are based. Further information concerning CNH Industrial, including factors that potentially could materially affect CNH Industrial’s financial results, is included in CNH Industrial’s reports and filings with the U.S. Securities and Exchange Commission (“SEC”), the Autoriteit Financiële Markten (“AFM”) and Commissione Nazionale per le Società e la Borsa (“CONSOB”). All future written and oral forward-looking statements by CNH Industrial or persons acting on the behalf of CNH Industrial are expressly qualified in their entirety by the cautionary statements contained herein or referred to above. CNH Industrial (NYSE: CNHI / MI: CNHI) is a world-class equipment and services company. Driven by its purpose of Breaking New Ground, which centers on Innovation, Sustainability and Productivity, the Company provides the strategic direction, R&D capabilities, and investments that enable the success of its global and regional Brands. Globally, Case IH and New Holland Agriculture supply 360° agriculture applications from machines to implements and the digital technologies that enhance them; and CASE and New Holland Construction Equipment deliver a full lineup of construction products that make the industry more productive. The Company’s regionally focused Brands include: STEYR, for agricultural tractors; Raven, a leader in digital agriculture, precision technology and the development of autonomous systems; Flexi-Coil, specializing in tillage and seeding systems; Miller, manufacturing application equipment; Kongskilde, providing tillage, seeding and hay & forage implements; and Eurocomach, producing a wide range of mini and midi excavators for the construction sector, including electric solutions. Across a history spanning over two centuries, CNH Industrial has always been a pioneer in its sectors and continues to passionately innovate and drive customer efficiency and success. As a truly global company, CNH Industrial’s 37,000+ employees form part of a diverse and inclusive workplace, focused on empowering customers to grow, and build, a better world. For more information and the latest financial and sustainability reports visit: cnhindustrial.com For news from CNH Industrial and its Brands visit: media.cnhindustrial.com Contacts: Media Relations Email: mediarelations@cnhind.com Investor Relations Email: investor.relations@cnhind.com
This festive season, LANDMARK celebrates with four charity partners empowered by Hongkong Land HOME FUND HONG KONG SAR - Media OutReach - 25 November 2022 - Celebrate the Love of Giving at LANDMARK this festive season with Mrs Claus and her team of over 80 Christmas Helpers as they create delicious cookie treats to share with family and friends at her magnificent bakery. A bakery complete with 16 festive attractions from the sweetest Gingerbread House, giant steaming Tea Pot House, towering Cookie Christmas Tree, to the Ingredients Library for everyone to join in the fun and enjoy. Mrs Claus Bakery at LANDMARK Delight in the Festive World of Mrs Claus Bakery This festive season, LANDMARK has been transformed into Mrs Claus Bakery, featuring a host of wonderous characters, including a Christmas Elves family who join Gingy the Gingerbread Man, Flippy the Penguin, Fluffy the Polar Bear and Dasher the Reindeer, to help Mrs Claus in her bakery. Discover a delightful world with Christmas cookies all around, a magically festive scene with a soaring giant Fluffy the Polar Bear hot air balloon, Flippy Penguin airship, and Dasher the reindeer flying-tricycle. As part of the festive activities, families and friends can join in all the Mrs Claus Bakery excitement and partake in photo opportunities from 24th November 2022 until 2nd January 2023. Purchase a charity ticket to explore Gingy's Gingerbread House; bounce as high as you can on a giant Tea Pot House trampoline; take a Turning Teacup ride or play on the cookie-made See-Saw all while keeping a look-out for selfie-opportunities with the real-life Mrs Claus and Gingy the Gingerbread Man. Mrs. Claus and Gingy Meet & Greet Schedule Monday to Thursday (19th to 22nd December) 3:30pm - 7:30pm Friday (25th November to 23rd December) 3:30pm - 7:30pm Saturday & Sunday (26th November to 25th December) 12:00noon - 6:00pm Public Holiday (26th to 27th December) 12:00noon - 6:00pm Exciting Digital-thrills with Mrs Claus Bakery Games Enjoy a series of bakery-inspired digital-games and collect as many ingredients as quickly as you can from the Cookie Ingredient Catch game with the top 10 scorers rewarded with their very own avatar displayed on the Bakery Leaderboard. Create your very own avatar at Gingy's Gingerbread House and watch the magical Mrs Claus' mini bakery show to discover a secret spell to boost the energy of the Penguins. Take photos and collect Christmas stamps at the Dough Mixer and Packaging Stations and help Mrs Claus to decorate and prepare her cookies to deliver to friends in the Gingerbread 'Pack and Dash' interactive digital game, spreading the love of giving to all. Visit the LANDMARK Christmas Campaign Site to pre-book time-slots for all Christmas installation activities. Log-in at https://www.landmark.hk/en/whats-on/happenings/mrs-claus-bakery to discover exciting pre-event experiences, including creating your very own personal Avatar, WhatsApp stickers and AR e-card to share your Christmas greetings to family and friends. Search for the three special stamps hidden around Mrs Claus Bakery to complete your e-stamp card collection and redeem festive rewards at the Sweet Treat Vending Machine. Share in the Love of Giving this Christmas LANDMARK always reminds us that goodwill and cheer should be shared during the festive season, with this year's special Christmas theme celebrating the sentiments of 'Love is in the Giving'. This Christmas, LANDMARK once again aligns with Hongkong Land HOME FUND in supporting the initiatives on upward mobility of young people and promotion of social inclusion. LANDMARK celebrates the holiday season with the spirit of giving, with the proceeds from installation ticketing, merchandising and Christmas Charity Booths benefitting four designated charity partners Box of Hope; Make-a-Wish® Hong Kong; The Society of Rehabilitation & Crime Prevention, Hong Kong (SRACP); and Shine Skills Centre of Vocational Training Council. Cookie Smiles join in the sharing with their "Gingerbread for Good" Campaign Pop-up with sales of their delicious cookies benefitting Box-of-Hope and Shine Skills Centre; while Make-a-Wish®, in their 24th consecutive year of collaboration with Hongkong Land, make a welcome return with their Christmas Booth. Purchase the perfect festive stocking-fillers at Mrs Claus Bakery Gift Shop from a unique array of charity merchandise, including plush toy Penguins, Christmas character ornaments in different styles, Gingy the Gingerbread Man and Flippy the Penguin cookie cutters, decorative magnets, personalised Mrs Claus baking aprons and Christmas stockings, with the proceeds donated to SRACP. Members of our BESPOKE loyalty programme can also join in the spirit of the season by converting their BESPOKE Reward Points into donations, which will be distributed amongst this year's charity beneficiaries. Hongkong Land will then match their donations. Indulge in a Feast of Christmas Treats and Delicacies Indulge in all the tasty treats of the holiday season at LANDMARK, as participating F&B outlets join in the festivities with specially curated menus inspired by Mrs Claus and her cast of delightful Christmas friends. Enjoy exclusive Mrs Claus Bakery themed tea sets at CAFÉ LANDMARK and LE SALON DE THÉ de Joël Robuchon created by Michelin-starred restaurant Joël Robuchon HK Executive Chef Julien and team, the restaurant is also creating Mrs Claus and Santa Paws lollipops and delicious Gingy Gingerbread Men. Tuck into the ultimate sweetest treats with delicious Penguin Cake by Vive Cake Boutique and mouth-wateringly creative Mrs Claus Bakery character-themed cupcakes and Gingerbread DIY kits at CATCHIC. Sink your teeth into the delicately delicious Ma Phraw Khas Tar Thai coconut custard at Mak Mak with assorted Christmas character topping designs. Don't miss out on the unique limited-edition Flippy the Penguin Chocolate figures filled with toasted almond and orange candies specially ordered at The Mandarin Cake Shop. Coffee aficionados can sip on the special seasonal flavours lovingly-topped with six Mrs Claus' Bakery characters to discover at Moxie, NODI and CREW. Seasonal Shopping with BESPOKE Rewards 'Tis the season to be jolly, and in the spirit of Christmas we are gifting festive rewards to members of our BESPOKE loyalty programme! From 24th November to 27th December 2022, they can earn BESPOKE Dollar rebates of up to 6%* and enjoy a selection of pampering surprises and gifts with a minimum spending of HK$10,000 at LANDMARK. Spending Per Receipt (HK$) BESPOKE Reward Points Bonus Rewards HK$500,000 and above 3.5x BEYORG Deluxe Organic Face & Hair Care Set (valued at HK$2,320) + a BASEHALL HK$100 gift certificate HK$200,000 - HK$499,999 3x BEYORG A.O.R Super Glow Organic Skincare Set (valued at HK$1,610) + a BASEHALL HK$100 gift certificate HK$30,000 - HK$199,999 2.5x BEYORG A.O.R Moisturising Organic Skincare Set (valued at HK$805) + a BASEHALL HK$100 gift certificate HK$10,000 - HK$29,999 2x BEYORG A.O.R Deluxe Organic Mask Set (valued at HK$580) + a BASEHALL HK$50 gift certificate *Terms and conditions apply. Please refer to https://www.landmark.hk/en/whats-on/happenings//mrs-claus-bakery/sweet-festive-rewards for more details. Celebrate the Spirit of Christmas at LANDMARK Embrace the spirit of giving with our charity partners, in sharing all the festive holiday fun with family, loved ones and friends this Christmas at LANDMARK. Discover more about LANDMARK, receive our latest news and register for upcoming events by signing up for the LANDMARK eNewsletter at www.landmark.hk. Follow LANDMARK on Facebook at www.facebook.com/landmark.hk; Instagram at www.instagram.com/landmarkhk or search 'landmarkhk', and use the hashtags #landmarkhk, #landmarkchristmas, #mrsclausbakery and #loveisinthegiving. Look for LANDMARK's WeChat account at "hklandmark', Xiaohongshu account at "landmark_hk''and Sina Weibo account at www.weibo.com/landmarkhk. Search the Christmas Installation Booking Mini Site & Price list of available experiences at LANDMARK @ https://mrsclausbakery.landmark.hk/ 'Flippy' Penguin Plush Mrs Claus' Bakery Stocking Bakery Friends Christmas Ornaments Perfect festive stocking-fillers including plush toy Flippy, Christmas characters ornaments, personalised Mrs Claus' baking aprons, Christmas stockings and decorative magents, with the proceeds donated to charity beneficiary partner empowered by the Hongkong Land HOME FUND. Christmas themed tea set from CAFÉ LANDMARK Enjoy an exclusive Mrs Claus Bakery themed tea set at CAFÉ LANDMARK. Share a sweet treat with the Mrs Claus Bakery inspired afternoon tea set priced at HK$588 +10% service fee. CAFÉ LANDMARK customers can enjoy a complimentary character ornament with each Tea Set. A donation of HK$20 of each tea set sold will be donated to designated charity partner. Christmas themed tea set , Mrs Claus and Santa Paws lollipops and delicious 'Gingy' Gingerbread Created by Michelin-starred restaurant Joël Robuchon HK Executive Chef Julien and team, indulge in a delighfully delicious Christmas tea set for two priced at HK$888. An indulgent tea set with a half-bottle of Ruinart Rose is offered for HK$1,388 (all prices subject to 10% service charge). Customers can enjoy a complimentary cookie cutter set as gift with each tea set. Available starting from 1st Decemeber 2022 at LE SALON DE THÉ de Joël Robuchon. LE SALON DE THÉ de Joël Robuchon has also created the cutest Mrs Claus and Santa Paws lollipops Red Mug Set (Priced at HK$238) available from 24th Novemeber and delicious 'Gingy' Gingerbread Men Cookies (Priced at HK$120 for 2pcs and HK$150 for 3pcs) available starting from 1st Decemeber 2022. A donation of 10% of every Mug Set sold will be donated to the designated charity partner. Limited Edition Flippy the Penguin Chocolate at The Mandarin Cake Shop Creative chefs at Mandarin Oriental, Hong Kong have created the ultimate chocolate treat with the Mrs Claus Little Helper – Flippy the Penguin (Priced at HK$988 and available from 28th November 2022 onwards). Sold in the The Mandarin Cake Shop, the limited 50-edition Dark Chocolate Penguin is filled with toasted Almonds and Candied Orange. All the sales proceeds will all go to our charity partner. Please pre-order while stocks last! Limited Edition Flippy the Penguin Cake at Vive Cake Boutique Vive Cake Boutique makes this festive season even sweeter with the stunning Flippy's Festive Parade cake. Decked out with candy canes galore, this one comes in delightful flavours of chocolate, red velvet, banana (Priced at HK$1,680 serves 10 people and HK$1,980 serves 15 people). A donation of 7% for every cake sold will be donated to the designated charity partner. Spiced Pumpkin Latte at Moxie NODI Latte Shrek Coffee at CREW Inspired seasonal coffees and drinks with special flavours and lovingly decorated with 6 Christmas Bakery characters to sip, savour and discover across Moxie, NODI and CREW. Moxie's Spiced Pumpkin Latte A winter's drink served hot made up of pumpkin flavours with cinnamon & nutmeg for sweetness with extra added spices. Price: HK$52 +10% A donation of 10% of every Spiced Pumpkin Latte sold to designated charity. Shrek Latte at CREW, BaseHall In Shrek Latte (HK$65) there is so much more than Matcha. Enjoy this intense and complex latte and find out what is inside this sweet-and-bitter latte! A donation of 5% of every Shrek Latte sold to designated charity. Mrs Claus' cupcakes & festive DIY Kits at CATCHIC For the sweet of treats, tuck into delicious Bakery character cupcakes, featuring the Elves, Dasher the Reindeer and Gingy the Gingerbread Man, a DIY Gingy cookie and DIY Gingerbread House kit at CATCHIC. (available from 5th December 2022 onwards) Christmas themed cupcakes (HK$32 each) Mrs. Claus' Elf Cupcakes Gingy Cupcake Flippy cupcake Mrs. Claus' Gingy DIY Kit priced at HK$80 Mrs. Claus' Bakery Shop DIY Kit priced at HK$150 Festive Drinks & Desserts at Mak Mak For a festive taste sensation enjoy the delicious Ma Phraw Khas Tar Thai coconut custard at Mak Mak with assorted character topping designs. HK$55 a serving. Signature Christmas drinks: Thai Sukh San Mojito priced at HK$95 Thai Gimlet priced at HK$90 Lod Chong Thai priced at HK$65 A donation of HK$15 of the festive dessert and festive drinks to designated charity. Editors' Note: Hongkong Land HOME FUND: The Hongkong Land HOME FUND was launched in November 2020 with an initial investment of HK$100 million, demonstrating Hongkong Land's long-term commitment to the development of future generations and its aspiration to contribute to the fostering of an inclusive society. Hongkong Land HOME FUND's initial initiatives aim to address long-term underlying socio-economic issues, by supporting youth in unleashing their potential and improving the standards of living and the social upward mobility of low-income households. Box of Hope began in 2008 when two Mothers, Nicole Woodhouse and Harriet Cleverly, had the desire to teach their children about the concept of child poverty. What began as a family project has grown into a huge initiative where we collected over 33,000 boxes in 2022. Make-A-Wish Hong Kong® is one of Hongkong Land's long-term charity partners. It is dedicated to creating life-changing wishes for children with critical illnesses aged between 3 and 17, to enrich the human experience with hope, strength and joy. The Society of Rehabilitation & Crime Prevention Hong Kong: The Society of Rehabilitation and Crime Prevention, Hong Kong (SRACP), formerly known as The Hong Kong Discharged Prisoners' Aid Society, is a government recognised charitable organisation established in 1957. The SRACP provides quality rehabilitation and multifarious services for Hong Kong residents who are charged with a criminal offence, have been convicted of crimes, or released from prisons; as well as to provide community education, mental health service and crime prevention programmes for the general public of Hong Kong Shine Skills Centre (SSC), is a member of VTC Group which offers skills training programmes for people with disabilities aged 15 or above to enhance their employability. The three offering sites of Shine Skills Centre are SSC (Kwun Tong), SSC (Pokfulam) and SSC(Tuen Mun). With its diverse programme choices, flexible training mode, wide range of support services, and committed teaching team, Shine Skills Centre engenders a learning environment filled with care and passion, where every student grows and shines. Cookie Smiles. Amidst the Covid-19 upheaval in 2020, Agnes Chin (the director of Complete Deelite) sensed an opportunity to help spread joy and hope in a time when it was sorely needed. She partnered up with Jo Soo-Tang, an NGO advisor, fellow cooking aficionado, and mother to three, to create Cookie Smiles; an online fundraising platform. Born with a mission to support the disadvantaged, and to satisfy the world with the greatest comfort food ever – the cookie. Cookie Smiles is a social enterprise under the Edible Artists Global Academy Association (EAGAA), whose purpose is to help support two chosen charities per year via fundraising, offer training opportunities for the disadvantaged and provide jobs for the physically impaired. Hashtag: #LANDMARKThe issuer is solely responsible for the content of this announcement.About LANDMARKLANDMARK represents the epitome of top-tier luxury shopping and lifestyle experiences. Drawing from a rich heritage which began in 1904 – LANDMARK today is the luxury shopping destination of Hongkong Land's Central portfolio including 4 iconic connected buildings, LANDMARK ATRIUM, LANDMARK ALEXANDRA, LANDMARK CHATER and LANDMARK PRINCE'S. LANDMARK offers approximately 208 of the finest stores and restaurants, all seamlessly linked by pedestrian bridges. From high fashion and accessories to watches and jewellery, from luxury living to beauty and grooming, from international cuisine to authentic gourmet dining, LANDMARK brings the ultimate shopping experience to the discerning customer. Official Website: https://www.landmark.hk/en Official Facebook: facebook.com/Landmark.hk/ Official Instagram: @landmarkhk About Hongkong LandHongkong Land is a major listed property investment, management and development group. Founded in 1889, Hongkong Land's business is built on excellence, integrity and partnership. The Group owns and manages more than 850,000 sq. m. of prime office and luxury retail property in key Asian cities, principally in Hong Kong, Singapore, Beijing and Jakarta. Its properties attract the world's foremost companies and luxury brands. The Group's Central Hong Kong portfolio represents some 450,000 sq. m. of prime property. It has a further 165,000 sq. m. of prestigious office space in Singapore mainly held through joint ventures, a luxury retail centre at Wangfujing in Beijing, and a 50% interest in a leading office complex in Central Jakarta. The Group also has a number of high quality residential, commercial and mixed-use projects under development in cities across China and Southeast Asia. In Singapore, its subsidiary, MCL Land, is a well-established residential developer. Hongkong Land Holdings Limited is incorporated in Bermuda and has a primary listing in the standard segment of the London Stock Exchange, with secondary listings in Bermuda and Singapore. The Group's assets and investments are managed from Hong Kong by Hongkong Land Limited. Hongkong Land is a member of the Jardine Matheson Group.
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