The estimated figure of $2.5 billion is in stark contrast to the fortunes of its major rival ZTE, which warned last week that it could make a significant loss in 2012.

In recent times Huawei, one of the world’s largest makers of telecommunications equipment, has been striving to tap into the lucrative smartphone market, making what it describes as “huge breakthroughs in selling smartphones in Japan, North America, Europe, and other high-end markets".

Tom Albanese has resigned as CEO of mining conglomerate Rio Tinto after the company announced a $14 billion “impairment” relating to its aluminium and coal mining businesses.

The write-down and consequent resignation are seen in the industry as the result of bad timing in respect of two crucial acquisitions, the first being the purchase of Canadian aluminium producer Alcan in 2007, and the other the more recent acquisition of the Riversdale coal mining operation in Mozambique in June last year.

KapStone Paper and Packaging Corporation is to open a new corrugated manufacturing facility in Aurora, Illinois, 40 miles west of Chicago. 

The 192,000 square foot facility will produce corrugated packaging and will also include a design lab and a technical center.

KapStone expects to invest approximately $8 million to $10 million in the first phase. The Aurora location will enhance KapStone's sales coverage in the Midwest, particularly in Chicago and surrounding areas.

Nobody’s perfect. What quality or ability do you wish you had?

I am beginning to realise that I ought to use patience as a strategy more often than I do. My tendency is towards driving change and making things happen now. I feel that companies must develop long-term sustainability and therefore must be driven by a long-term vision and strategy. Therefore, there are things that leadership needs to do which doesn’t often have an immediate short-term result and requires planning and patience in the execution.

As a diversified manufacturer of chemicals and a major tank terminal operator, Coogee Chemicals enters 2013 with the clear aim of continuing the work that has made it one of the sector’s biggest success stories.

Chief executive officer Tony Sofianos explains how, with the oil and gas industry stretching across the globe more than ever before, companies like Wings Travel Management have never been more important to their customers.

Renowned for the provision of high quality, high performance business technology solutions, BCX aims to earn 30 percent of its revenue outside South Africa by 2016.

Chief executive officer Sean Pierce discusses the rapid growth of Yilport Container Terminal and reveals that there is much more to come from the business in the years ahead.

Defined by the International Monetary Fund as an emerging market economy, Turkey is recognised as one of the world’s newly industrialised countries. It is also known to possess one of the highest volumes of cargo transit activity in the region. This growth in containerisation has significantly raised the country’s profile as a hub for international trade.

For almost four decades Lanka Walltiles has remained a leading figure in the Sri Lankan ceramic tile market. Managing director Mahendra Jayasekera explains how unwavering quality and the embracing of new technologies have made this so.