Funai will pay $200 million, as well as a regular brand licensing fee, to take control of Philips’ product lines, which include its hi-fis and DVD players.  

The deal follows the announcement last year that Philips was to transfer its loss-making television unit to a new joint venture arrangement with Hong Kong’s TPV and comes at a time where the company wants to focus on its healthcare, light bulbs and home appliances businesses as part of its "Accelerate!" restructuring plan.

Founded in 1987, the Time Mining Group employs almost 400 staff and operates principally under the names of Time Mining and Processing Pty Ltd., Performance Laboratories Pty Ltd., Time Mining (Ghana) Limited and Dump and Dune Drillers Pty Ltd.

In addition to providing process plant design, project management and commissioning and optimisation services for minerals processing plants, the group also delivers analytical services, and commercial and on-site laboratories, through their Performance Laboratories entity.

Agreed on the side-lines of the World Economic Forum in the Swiss resort of Davos, the 50 year production sharing deal between Kiev and Shell is thought to be the biggest contract in Europe to extract natural gas trapped in shale rock.

As technology continues to advance with the growth of cloud computing and SaaS, data security needs to be at the forefront of every CIO, CEO and IT manager’s mind.

Great leaders concentrate their energies on the things they are good at. They must also inspire others in their organisation to achieve greatness.

Most businesses today, particularly large multinationals (the most noticeable and easiest to scrutinize), are driven by two distinct styles of management; inspiration-led and aspiration-led styles. Whilst they are quite different in their modus operandi, they do have some distinct cross-overs. Neither, however, provides a holistic winning formula in the current economic climate.

Boasting a national footprint in South Africa, with transport depots in Cape Town, Durban, Johannesburg and Tzaneen, Imperial Logistics Refrigerated Services (ILRS) today exists as South Africa’s ‘first to market’ service provider.

ChemSystems has been a fixture of the chemicals industry for over five decades. Sales director, Laurence Davies, and business development manager, Charles Du Bois, discuss how the company is now making a name for itself in the oil and gas sector.