Scipion http://scipion.org/ Sat, 23 Oct 2021 17:02:14 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://scipion.org/wp-content/uploads/2021/03/cropped-s-32x32.png Scipion http://scipion.org/ 32 32 42 Nigerian children benefit from the Dufil CSR initiative https://scipion.org/42-nigerian-children-benefit-from-the-dufil-csr-initiative/ Sat, 23 Oct 2021 07:39:10 +0000 https://scipion.org/42-nigerian-children-benefit-from-the-dufil-csr-initiative/

No less than 42 Nigerian children who have shown exemplary character and bravery have so far benefited from the Corporate Social Responsibility (CSR) initiative of Dufil Prima Foods Plc.

To this end, the company recently recognized three other heroes as the winners of its 2021 Indomie Independence Day Awards (IIDA).

IIDA is a corporate social responsibility initiative of the team of Dufil Prima Foods, the maker of Indomie instant noodles. The award, which began in 2008, aims to recognize and celebrate children under the age of 15 who have demonstrated extraordinary acts of heroism in the face of danger or societal challenges.

The IIDA initiative has so far benefited 42 Nigerian children who have demonstrated exemplary character and bravery.

At this year’s award ceremony, which took place in Lagos, Master Joshua Agboola, Master Elijah Daniel Emenka and Miss Favor Sunday won the categories of intellectual, physical and social bravery respectively. They went home with 1 million scholarships each.

In his welcome speech, CEO of Dufil Prima Foods Plc, Mr. Adhi Narto said, “IIDA reflects the importance and belief of our company in the extraordinary qualities of the Nigerian child, which should never be ignored, but rather celebrated and celebrated. reward.

“This is in keeping with our core values ​​and our deep conviction that in every child is the seed of greatness. A belief that the child heroes we celebrate has once again been strengthened by pushing the boundaries of courage and performance to a new level, ”he said.

In addition, Dayo Israel, a permanent member of the Lagos State Board of Trustees, stressed the need for every Nigerian child to be empowered through quality education and science orientation.

She said: “I would like to thank Dufil Prima Foods for the wonderful job they are doing in Nigeria. IIDA is the largest and most inspiring program for children in Nigeria. It is commendable for an organization like Dufil Prima Foods for remaining consistent with its social responsibility agenda as it has done, making a substantial contribution to the growth and development of Nigerian children, without necessarily getting anything in return. .

The other awards of the evening were honorary awards for Ms. Olajumoke Matilda Otitoloju for her social services as an advocate for children’s rights, including children with disabilities and community development through her Iyaniwura Children Care Foundation.

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Equifax (NYSE: EFX) shares up 5.2% after analysts upgrade https://scipion.org/equifax-nyse-efx-shares-up-5-2-after-analysts-upgrade/ Fri, 22 Oct 2021 16:28:25 +0000 https://scipion.org/equifax-nyse-efx-shares-up-5-2-after-analysts-upgrade/

Shares of Equifax Inc. (NYSE: EFX) jumped 5.2% during the mid-day Friday session after Morgan Stanley raised its target price on the share from $ 253.00 to 255 , $ 00. Morgan Stanley currently has an equal weight rating on the stock. Equifax traded as high as $ 268.85 and last traded at $ 268.85. 18,287 shares were traded at midday, a decrease of 97% from the average session volume of 689,827 shares. The stock previously closed at $ 255.47.

Other analysts have also recently published reports on the stock. Needham & Company LLC raised its target price for Equifax shares from $ 288.00 to $ 295.00 and assigned a “buy” rating to the stock in a report released Thursday, October 14. Royal Bank of Canada increased its target price for Equifax shares from $ 259.00 to $ 270.00 and assigned the stock a “sector performance” rating in a report released Thursday, July 22. Goldman Sachs raised its target price for Equifax shares from $ 241.00 to $ 267.00 and rated the stock “neutral” in a report released on Friday, July 23. Evercore ISI assumed coverage of Equifax shares in a research report on Thursday, October 14. They established an “outperformance” rating for the company. Finally, Zacks Investment Research downgraded Equifax shares from a “buy” rating to a “hold” rating and set a price target of $ 270.00 for the company. in a research report on Monday, October 4. Six research analysts rated the stock with a conservation rating and seven issued a buy rating for the company. Based on data from MarketBeat, Equifax currently has an average rating of “Buy” and an average price target of $ 243.63.

(A d)

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In other Equifax news, insider Prasanna Dhore sold 2,001 shares of the company in a trade dated Wednesday, August 4. The shares were sold at an average price of $ 257.49, for a total trade of $ 515,237.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible through this link. 1.03% of the shares are currently held by company insiders.

A number of hedge funds have recently changed their positions on EFX. CSat Investment Advisory LP increased its holdings of Equifax shares by 70.6% during the first quarter. CSat Investment Advisory LP now owns 232 shares of the credit services provider valued at $ 42,000 after acquiring 96 additional shares during the period. Point72 Hong Kong Ltd increased its position in Equifax by 199.4% in the first quarter. Point72 Hong Kong Ltd. now owns 317 shares of the credit service provider valued at $ 57,000 after purchasing an additional 636 shares during the period. Ameritas Investment Company LLC acquired a new equity interest in Equifax in the first quarter valued at approximately $ 62,000. Penserra Capital Management LLC increased its position in Equifax by 31.8% in the first quarter. Penserra Capital Management LLC now owns 365 shares of the credit service provider valued at $ 65,000 after purchasing 88 additional shares during the period. Finally, Koshinski Asset Management Inc. acquired a new position in Equifax shares during the 3rd quarter valued at approximately $ 82,000. Institutional investors hold 90.80% of the shares of the company.

The company has a market cap of $ 32.83 billion, a price-to-earnings ratio of 44.56, a price-to-earnings-growth ratio of 2.41 and a beta of 1.43. The company has a 50-day moving average price of $ 264.16 and a 200-day moving average price of $ 243.50. The company has a leverage ratio of 0.94, a quick ratio of 0.71, and a current ratio of 0.71.

Equifax (NYSE: EFX) last released its results on Tuesday, October 19. The credit services provider reported earnings per share (EPS) of $ 1.85 for the quarter, beating Thomson Reuters consensus estimate of $ 1.72 by $ 0.13. The company posted revenue of $ 1.22 billion in the quarter, compared to analyst estimates of $ 1.18 billion. Equifax had a return on equity of 29.57% and a net margin of 15.44%. The company’s revenue for the quarter increased 14.5% compared to the same quarter last year. During the same period of the previous year, the company earned $ 1.87 per share. As a group, sell-side analysts predict that Equifax Inc. will post earnings per share of 7.45 for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 17. Shareholders of record on Tuesday, September 7 received a dividend of $ 0.39 per share. The ex-dividend date of this dividend was Friday September 3. This represents an annualized dividend of $ 1.56 and a dividend yield of 0.58%. Equifax’s payout ratio is currently 22.38%.

Equifax Company Profile (NYSE: EFX)

Equifax, Inc. is committed to providing information solutions and human resource business process outsourcing services. It operates through the following business segments: US Information Solutions, Workforce Solutions, International and Global Consumer Solutions. The Information Solutions segment in the United States includes business and commercial information services, mortgage origination information, financial marketing services and identity management.

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]]> Rising CNC Machine Market Demand, Future Analysis by Key Leaders – Mondragon Corporation, GSK CNC Equipment, Soft Servo Systems, Heidenhain https://scipion.org/rising-cnc-machine-market-demand-future-analysis-by-key-leaders-mondragon-corporation-gsk-cnc-equipment-soft-servo-systems-heidenhain/ Fri, 22 Oct 2021 10:23:45 +0000 https://scipion.org/rising-cnc-machine-market-demand-future-analysis-by-key-leaders-mondragon-corporation-gsk-cnc-equipment-soft-servo-systems-heidenhain/

The report of Sion market research on the CNC Machines Market by Type (CNC Lathe, CNC Milling, CNC Grinding Machine, CNC Welding and CNC Winding) and by Application (Machine Manufacturing, Automotive, Electronics, Healthcare, Aerospace, and Defense): Global Industry Perspective, Comprehensive, analysis, and forecast, 2018-2025 The global CNC machine market is an indispensable guide for positioning your business in a highly competitive market landscape. The report is tailored based on the needs of our clients and their current market presence. The report is the compilation of in-depth analysis and assessments from industry experts and associated participants throughout the value chain. The main market leaders include.

FREE | Sample request is available @ https://www.zionmarketresearch.com/sample/cnc-machine-market

Global CNC machine market: competitive players Mondragon Corporation, GSK CNC Equipment, Soft Servo Systems, Heidenhain, Bosch Rexroth, Siemens, Sandvik, Haas Automation

The report details the overview and basic operation of the Parent Market in detail. It accurately proposes the size and volume of the current and future market. Our analysts provide clients with all the vital data needed to develop strategic growth plans and policies during the forecast period. Holistic study of global CNC machine market unveils business cycles and paradigm model shift due to the Covid-19 outbreak. The report offers an in-depth investigation of the post-Covid market, as well as insight into the expected upcoming trends that may play a vital role in the development of the market.

Promising Regions & Countries Mentioned In The CNC Machine Market Report:

  • North America (United States)
  • Europe (Germany, France, United Kingdom)
  • Asia-Pacific (China, Japan, India)
  • Latin America (Brazil)
  • The Middle East and Africa

Besides historical, current and forecasted market value, the report is a detailed guide to market segmentation. The report clearly mentions the potential segment which is expected to show exceptional growth during the forecast period. Additionally, the report maps the critical assessment of the customer journey to help decision makers across the organization define an effective strategy for converting more leads into customers.

The report covers the growth and restraining factors of the global CNC machine market. Our data repository is continuously updated to reflect accurate, real-time data analysis. Our analysts have adopted a wide range of methodologies to extract precise data to determine growth factors in the global CNC machine market. The report examines recent case studies to help our clients understand how to overcome underlying challenges in the market. The section will help our clients to identify the opportunity as well as possible obstacles to take advantage of their trading position in the global market.

The regional analysis section reveals the potential region that can credit multiple business incomes. Also, it involves regional market value and volume to enable customers to map promising regions for their business operations during the forecast period. The report is very useful in guiding investment choices, whether in a range of products or services.

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Our analysts are experts in this field with years of experience. At Zion Market Research, we maintain the highest level of accuracy and transparency in the report. Primary and secondary resources used in the report are taken from trusted, high authority sources to provide 100% accurate and reliable data.

Thank you for reading this article; you can also get a section by chapter or a report version by region, such as North America, Europe or Asia.

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Premier, Inc. Declares Quarterly Cash Dividend | Business https://scipion.org/premier-inc-declares-quarterly-cash-dividend-business/ Thu, 21 Oct 2021 21:30:20 +0000 https://scipion.org/premier-inc-declares-quarterly-cash-dividend-business/

CHARLOTTE, North Carolina – (BUSINESS WIRE) – October 21, 2021–

Premier, Inc. (NASDAQ: PINC), a leading technology-driven healthcare improvement company, today announced that its board of directors has declared a cash dividend of $ 0.20 per share of issued and outstanding Class A common shares. The cash dividend will be payable on December 15, 2021 to shareholders of record at the close of business on December 1, 2021.

Premier, Inc. (NASDAQ: PINC) is a leading healthcare improvement company, bringing together an alliance of more than 4,400 U.S. hospitals and healthcare systems and approximately 225,000 other providers and organizations to transform care health. With integrated data and analytics, collaborations, supply chain solutions, and consulting and other services, Premier enables better care and better outcomes at lower cost. Premier plays a pivotal role in the rapidly evolving healthcare industry, working with its members to co-develop long-term innovations that reinvent and improve the way patient care is delivered nationwide. Based in Charlotte, North Carolina, Premier is passionate about transforming American healthcare. Please visit Premier news and investor sites at www.premierinc.com; as good as Twitter, Facebook, LinkedIn, YouTube and Instagram for more information about the company.

CONTACT: Investor contact:

Vice-President, Investor Relations

Vice-President, Public Relations

KEYWORD: NORTH CAROLINA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: MANAGEMENT OF HEALTH PRACTICES

Copyright Business Wire 2021.

PUB: 10/21/2021 5:30 PM / DISC: 10/21/2021 5:30 PM

Copyright Business Wire 2021.

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Entegris launches the first corporate social responsibility report https://scipion.org/entegris-launches-the-first-corporate-social-responsibility-report/ Thu, 21 Oct 2021 21:00:00 +0000 https://scipion.org/entegris-launches-the-first-corporate-social-responsibility-report/

BILLERICA, Mass .– (COMMERCIAL THREAD) – Entegris (Nasdaq: ENTG), a world-class provider of advanced materials and processing solutions for semiconductors and other high-tech industries, today released its first annual social responsibility report of companies (CSR). The report, Science today for a sustainable future, is available online. It provides a comprehensive overview of Entegris’ progress towards achieving its 2030 CSR objectives and describes the company’s benchmark performance in 2020 through the four pillars of its CSR strategy: innovation, security, personal development and inclusion, and sustainability.

“The overlapping and unprecedented crises over the past 18 months – from the COVID-19 pandemic to social unrest and growing concerns about climate change – have reaffirmed the need for us to proactively engage in addressing these challenges, individually and collectively, ”said Bertrand Loy. , President and CEO of Entegris. “Entegris has a long-standing commitment to social responsibility and environmental sustainability, and the launch of our first corporate social responsibility report is an important step in our journey. Today, we reflect on the progress we are already making and envision the next phase of our efforts. ”

In 2020, Entegris formalized its CSR commitment with the creation of a CSR framework and set itself ambitious 2030 objectives aligned with each of the four pillars. Science today for a sustainable future sets benchmarks for fiscal 2020 and reports on the company’s action plans to operationalize these responsible, inclusive and sustainable practices across all of its business operations.

Highlights of the report include:

Innovation:

  • Invested more than 35% of operating expenses in Research & Development (R&D). By 2030, Entegris plans to invest 55% in R&D, improving the company’s ability to develop disruptive technologies that can transform society.

  • Leverage decades of experience handling pure materials in the semiconductor industry to develop low temperature storage bags that are used by major COVID-19 vaccine manufacturers to manage the production and distribution of vaccines around the world.

Security:

  • Fostered a corporate culture where safety is universally recognized as a top priority. In 2020, 90% of Entegris employees rated “Entegris as a safe place to work” and the company aims to reach 95% by 2030.

  • Ongoing efforts to strive for an injury-free workplace by increasing the participation of team members in reporting and eliminating hazards in the work environment. As a result, our Total Recordable Incident Rate (TRIR) in 2020 was less than 0.74, compared to 1.19 in 2019 and 1.64 in 2018.

  • Implementation of medical screenings, automated temperature scans and visitor management systems at all facilities to protect colleagues from the spread of COVID-19. Pandemic response teams have been formed at each site to manage protective measures and maintain ongoing communication within the global Entegris organization.

Personal development and inclusion:

  • Creation of the Entegris Foundation to fund STEM scholarships and internships for women and people from under-represented communities. To date, Entegris has contributed $ 5 million to the fund with the goal of investing more than $ 30 million in STEM scholarships and internships by 2030.

  • Over 109,000 hours of real-time learning and development opportunities among Entegris’ 6,600 employees. By 2030, Entegris team members will complete five times the amount completed in 2020.

Durability:

  • Implementation of a new process for collecting and monitoring the use of water, electricity and natural gas at all Entegris sites, helping to establish baselines for 2020 and identify opportunities reduction to achieve the 2030 targets.

  • Construction begins in Taiwan of Entegris’ newest and largest global manufacturing facility, which will integrate the company’s 2030 sustainability goals into all of its manufacturing processes. The installation aims to reduce water consumption by more than 50% compared to what is currently consumed in similar installations.

The report also describes the company’s CSR efforts throughout the supply chain, including engagement with suppliers to set sustainability goals and comprehensive dashboards to improve performance and help suppliers to positively impact the industry and the communities they serve. Entegris is committed to advancing inclusion and diversity throughout its supply chain, and in 2020 more than 15% of Entegris spend was attributed to various suppliers.

Entegris’ CSR strategy is aligned with the United Nations Sustainable Development Goals (UN SDGs), a plan to achieve a better and more sustainable future for all. In addition, the company’s reporting approach will follow the standards of the Sustainability Accounting Standards Board (SASB), which identify the environmental, social and governance (ESG) issues most relevant to the semiconductor industry, enabling companies to readers to compare and compare the performance of their peers. The 2020 report includes initial disclosures of SASB metrics, and Entegris will continue to disclose additional metrics in future published reports each year. More information on SASB metrics can be found at the end of the report.

About Engris:

Entegris is a world-class provider of advanced materials and process solutions for the semiconductor and other high-tech industries. Entegris has approximately 6,600 employees across its global operations and is ISO 9001 certified. It has manufacturing, customer service and / or research facilities in the United States, Canada, China, France, Germany, Israel, Japan, Malaysia, Singapore, South Korea and Taiwan. Additional information is available at www.entegris.com.

Forward-looking statements

This press release contains “forward-looking statements”. The words “believe”, “expect”, “anticipate”, “intend”, “estimate”, “foresee”, “plan”, “should”, “can”, “can”, “” similar expressions are intended to identify these forward-looking statements. These statements include those related to Entegris’ CSR 2030 objectives, the plans to achieve these objectives and the related reports; the orientation of Entegris’ engineering, research and development projects; Entegris ‘ability to execute its business strategies, including with respect to Entegris’ expansion of its global presence; and other questions. Forward-looking statements deal with matters which are, to varying degrees, uncertain and subject to risks, uncertainties and assumptions, many of which are beyond Entegris’ control, which could cause actual results to differ materially from those expressed. in forward-looking statements. These risks and uncertainties include, without limitation, those described in documents filed by Entegris with the Securities and Exchange Commission, including under the heading “Risk Factors” in section 1A of Entegris’ annual report. on Form 10-K for the fiscal year. ended December 31, 2020, filed with the Securities and Exchange Commission on February 5, 2021, and in the other periodic documents of Entegris. Except as required by federal securities laws and the rules and regulations of the Securities and Exchange Commission, Entegris does not undertake to publicly update any forward-looking statements or information contained herein, which relate to their dates. respective. Forward-looking statements are not guarantees of future results.

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]]> Equifax (NYSE: EFX) Releases Q4 2021 Profit Forecast https://scipion.org/equifax-nyse-efx-releases-q4-2021-profit-forecast/ Wed, 20 Oct 2021 21:11:50 +0000 https://scipion.org/equifax-nyse-efx-releases-q4-2021-profit-forecast/

Equifax (NYSE: EFX) on Wednesday updated its earnings guidance for the fourth quarter of 2021. The company provided earnings per share (EPS) guidance of $ 1,720 to $ 1,820 for the period, compared to the estimate. Thomson Reuters consensus of $ 1,800. The company released a revenue forecast of $ 1.23 billion to $ 1.25 billion, compared to the consensus revenue estimate of $ 1.19 billion. Equifax also updated its forecast for fiscal 2021 to $ 7,520-7,620 EPS.

A number of equity analysts recently commented on the stock. Morgan Stanley raised its target price on Equifax shares from $ 241.00 to $ 253.00 and assigned the company an equal weight rating in a research note on Thursday, September 23. Evercore ISI assumed coverage of Equifax shares in a research note on Thursday, October 14. They issued an outperformance rating on the stock. Barclays raised its target price on Equifax shares from $ 285.00 to $ 330.00 and gave the company an overweight rating in a research note on Tuesday, August 17. Royal Bank of Canada raised its price target for Equifax shares from $ 259.00 to $ 270.00 and assigned the stock a sector performance rating in a research note on Thursday, July 22. Finally, Zacks Investment Research downgraded Equifax’s stock rating from a buy rating to a conservation rating and set a price target of $ 270.00 for the stock. in a research note on Monday, October 4. Six equity research analysts rated the stock with a conservation rating and six gave the stock a buy rating. Based on data from MarketBeat.com, the company currently has an average Buy rating and an average price target of $ 238.77.

(A d)

Find out why this microcap stock could stand out in the market.

EFX shares traded at $ 3.35 in the midday session on Wednesday, reaching $ 269.83. The company had a trading volume of 47,653 shares, compared to an average volume of 681,998. The company’s 50-day moving average price is $ 264.16 and its 200-day moving average price is $ 243.50. . The stock has a market cap of $ 32.88 billion, a price-to-earnings ratio of 46.44, a PEG ratio of 2.41 and a beta of 1.43. Equifax has a 52 week low of $ 135.98 and a 52 week high of $ 279.59. The company has a quick ratio of 0.71, a current ratio of 0.71, and a debt ratio of 0.94.

Equifax (NYSE: EFX) last released its results on Tuesday, July 20. The credit services provider reported earnings per share of $ 1.98 for the quarter, beating Thomson Reuters consensus estimate of $ 1.71 by $ 0.27. The company posted revenue of $ 1.23 billion in the quarter, compared to a consensus estimate of $ 1.16 billion. Equifax had a net margin of 15.44% and a return on equity of 29.57%. The company’s revenue increased 25.6% year-over-year. In the same quarter of the previous year, the company earned $ 1.60 per share. Stock analysts predict that Equifax will post 7.45 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 17. Shareholders of record on Tuesday, September 7 received a dividend of $ 0.39. This represents an annualized dividend of $ 1.56 and a dividend yield of 0.58%. The ex-dividend date of this dividend was Friday September 3. Equifax’s dividend payout ratio (PDR) is currently 22.38%.

In other news, insider Prasanna Dhore sold 2,001 shares of Equifax in a trade dated Wednesday, August 4. The shares were sold for an average price of $ 257.49, for a total value of $ 515,237.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available on the SEC website. Insiders own 1.03% of the shares of the company.

Equifax Company Profile

Equifax, Inc. is committed to providing information solutions and human resource business process outsourcing services. It operates through the following business segments: US Information Solutions, Workforce Solutions, International and Global Consumer Solutions. The Information Solutions segment in the United States includes business and commercial information services, mortgage origination information, financial marketing services and identity management.

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Historical and earnings estimates for Equifax (NYSE: EFX)

This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $ 1,000 in Equifax now?

Before you consider Equifax, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts quietly whisper to their clients to buy now before the market in general takes hold … and Equifax was not on the list.

Although Equifax currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks to be better buys.

See the 5 actions here

]]> Movement Industries Corporation Expands National Reach With New Contracts https://scipion.org/movement-industries-corporation-expands-national-reach-with-new-contracts/ Wed, 20 Oct 2021 15:00:00 +0000 https://scipion.org/movement-industries-corporation-expands-national-reach-with-new-contracts/

Company expands to support Gulf of Mexico LNG platforms

Houston, Texas – (NewMediaWire) – October 20, 2021 – Movement Industries Corporation (OTC PINK: MVNT) (the “Company”) has announced that it has continued its national reach with new sales of valves in liquefied natural gas (LNG) platforms ) from the Gulf of Mexico. Mr. Linh Nguyen, CEO of the company, said, “We continue to increase our revenues with new engineering projects, performance tests and the provision of supplies to major subsea contractors. We are also proud to announce that the Company has also been approved by the United States government for the continuation of government contracts. “

Our recent success includes:

  • Engineering and supply of butterfly valves for critical processes with long outlets;

  • Execution of hydrostatic tests with customer’s factory acceptance tests;

  • Support offshore LNG platforms in the Gulf of Mexico;

  • Provide to one of the main sub-contractors of engineering, supply and construction of submarines (EPC);

  • Approval and certification for potential US government contracts.

In conclusion, Mr. Nguyen said: “I would like to congratulate our team for the many hours of work in securing new contracts as well as the extra time and effort put into positioning our company for potential future government contracts. . We would also like to thank our stakeholders for their continued support as we grow our business. As we move forward, we will continue to provide updates to our stakeholders. “

About Movement Industries Corporation

Movement Industries Corporation invests in emerging growth companies in the energy, oil and gas, renewable energy, agriculture and industrial manufacturing sectors. The Movement leadership team brings more than 50 years of experience in the global energy market. The Company’s growth strategy includes deepening the products and services offered to existing customers as well as acquiring additional business units and new customers.

Stay up to date by following Movement Industries ontwitter.com/mvmntinor subscribe to updates on our website athttps://mvmnt.in.

To learn more about Hi-Alloy Valve, please visit our website at:www.hialloyvalve.com.

Please direct all inquiries to:

Contact details:

MVNT Shareholder / Investor Surveys

1-713-856-9777

ir@mvmnt.in

Safe Harbor Statement – In addition to historical information, this press release contains statements that constitute forward-looking statements within the meaning of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation. Reform Law of 1995, as amended. The forward-looking statements contained in this press release include the intention, belief or expectations of the Company and members of its management team with respect to the future business operations of the Company and the assumptions on which these statements are based. . Potential investors are cautioned that these forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by these forward-looking statements. Factors that could cause these differences include, but are not limited to, inability to achieve expected sales in negotiations, lack of revenue growth, customer drop-outs, inability to make improvements in terms of performance, efficiency and profitability, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company’s business units or the market price of its ordinary shares . Additional factors which would cause actual results to differ materially from those contemplated in this press release can also be viewed on the Company’s website. The Company assumes no responsibility for updating forward-looking statements.

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Stepan to expand alkoxylation capacity with U.S. investment on Gulf of Mexico coast https://scipion.org/stepan-to-expand-alkoxylation-capacity-with-u-s-investment-on-gulf-of-mexico-coast/ Wed, 20 Oct 2021 10:55:00 +0000 https://scipion.org/stepan-to-expand-alkoxylation-capacity-with-u-s-investment-on-gulf-of-mexico-coast/

Posted: October 20, 2021 at 6:55 a.m. EDT|Update: 8 minutes ago

NORTHBROK, Illinois., 20 October 2021 / PRNewswire / – Stepan Company (NYSE: SCL) today announced its intention to build and operate a new alkoxylation plant in its Pasadena, Texas establishment. Alkoxylates are an essential basic surfactant technology for the agriculture, oilfield, construction and household end-use markets. Stepan’s $ 220.0 million The investment is expected to provide a flexible capacity of 75,000 metric tonnes per year, capable of both ethoxylation and propoxylation, and better position the Company to meet growing global demand for our Surfactants and Polymers business.

“We are delighted to expand the alkoxylation capabilities of our North American network to Pasadena to place. This leading-edge global investment will allow Stepan to support the growth of our core markets, ”said F. Quinn Stepan Jr., Chairman and CEO of Stepan.

The new alkoxylation capacity in Pasadena, Texas is expected to come online at the end of 2023. Once operational, it will bring Stepan’s alkoxylation network to three plants and position the company with a footprint on the strategic US Gulf Coast globally.

Company Profile

Stepan Company is a leading manufacturer of specialty chemicals and intermediates used in a wide variety of industries. Stepan is a leading market producer of surfactants, which are key ingredients in consumer and industrial cleaning and disinfection products and agricultural and petroleum solutions. The Company is also a leading supplier of polyurethane polyols used in the expanding thermal insulation market and CASE industries (coatings, adhesives, sealants and elastomers).

Based at Northbrook, Illinois, Stepan uses a network of modern production facilities located in the north and South America, Europe and Asia.

The Company’s common shares are listed on the New York Stock Exchange (NYSE) under the symbol SCL. For more information about the Stepan company, please visit the company online at www.stepan.com.

You can find more information about Stepan’s sustainability program on the Sustainability page at www.stepan.com.

Certain information in this press release consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended. . These statements include statements about Stepan Company’s plans, objectives, strategies, performance and financial prospects, trends, amount and timing of future cash distributions, prospects or future events and involve known and unknown risks that are difficult to predict. Accordingly, the actual financial results, performance, achievements or prospects of Stepan Company may differ materially from those expressed or implied by such forward-looking statements. In some cases, you can identify forward-looking statements by using words such as “may”, “could”, “expect”, “intend”, “plan”, “seek”, “anticipate”, “Believe”, “estimate”, “orientation”, “predict”, “potential”, “continue”, “,”, “. negative of these terms or similar expressions. These forward-looking statements are necessarily based on estimates and assumptions which, while considered reasonable by Stepan Company and its management based on their knowledge and understanding of the business and the industry, are inherently uncertain. These statements are not guarantees of future performance and shareholders should not place undue reliance on forward-looking statements.

There are a number of risks, uncertainties and other material factors, many of which are beyond the control of Stepan Company, that could cause actual results to differ materially from the forward-looking statements contained in this press release. These risks, uncertainties and other important factors include, among other factors, the risks, uncertainties and factors described in the reports and the attachments to these reports (but are without limitation) the risks and uncertainties relating to the impact of the COVID-19 pandemic; accidents, unplanned production stoppages or disruptions in manufacturing facilities; reduced demand due to reformulations of customer products or new technologies; our inability to successfully develop or introduce new products; in accordance with the laws; our ability to identify suitable acquisition candidates and to successfully complete and integrate acquisitions; global competition; volatility in the costs and supply of raw materials and energy; disruptions in transportation or significant changes in transportation costs; downturns in some industries and general economic downturns; international business risks, including fluctuations in exchange rates, legal restrictions and taxes; unfavorable resolution of disputes against us; maintain and protect intellectual property rights; our ability to access capital markets; political, military, security or other instability at the global level; costs associated with expansion or other capital projects; interruption or violation of computer systems; our ability to retain senior management and key personnel; and our debt commitments.

These forward-looking statements are made only as of the date hereof, and Stepan Company assumes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

Contact: Luis E. Rojo 847-446-7500

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How the climate crisis is transforming the meaning of ‘sustainability’ in business https://scipion.org/how-the-climate-crisis-is-transforming-the-meaning-of-sustainability-in-business/ Tue, 19 Oct 2021 22:57:23 +0000 https://scipion.org/how-the-climate-crisis-is-transforming-the-meaning-of-sustainability-in-business/
In his letter to CEOs for 2021, Larry fink, the CEO and President of Black rock, the world’s largest investment manager, wrote: “No problem ranks higher than climate change on our clients’ priority lists.”

His comment reflected growing unease over how the climate crisis is already disrupting businesses.

Business concerns about climate change have generally focused on their operational, financial and reputational risks, the latter being associated with the growing importance of the issue among young people. Today, climate change is challenging the traditional paradigm of corporate sustainability and the way companies approach their impacts on society and the planet in general.

As a professor working in strategic design, innovation, business models and sustainability, I have followed how climate change is transforming the meaning of ‘sustainability’ in business, and I am beginning to see the first signs of. change.

The sustainability gap

Over the past decades, many companies have come to embrace sustainability. It has become the corporate norm to look for ways to reduce a company’s negative impacts on society and the planet and to operate in a more responsible manner.

The sustainability reports are probably the clearest evidence of this trend. In 2020, 96% of the world’s largest companies by revenue, known as G250, has released details of their sustainability efforts. But this increase in sustainability reporting has not been matched by any real improvement in key environmental and social issues. Global greenhouse gas emissions have continued to grow, as has the pay gap between CEOs and employees, for example.

As I suggest in my new book, “Rethinking Business Sustainability in the Age of the Climate Crisis – A Strategic Design Approach“, This gap between companies’ growing attention to sustainability and minimal product change is driven by their approach, which I call” sustainability as usual “.

Sustainability as usual is the slow, deliberate adoption of sustainability in business, where companies commit to changes they feel comfortable making. This is not necessarily the same as what science shows it takes to slow climate change, or what the The United Nations recommend for a fair society. The business response to these two aspects will garner global attention in November, when world leaders gather for the annual United Nations climate conference.

The problem of sustainability as usual

Companies have adopted this incremental approach because, although they have paid more attention to social and environmental issues, their first priority has remained maximizing profit for their shareholders.

Take, for example, the focus by companies on improving the recyclability of single-use products instead of considering new business models that could have a greater positive impact, such as switching to reusable packaging or their total elimination.

A notable example is Heinz. The ketchup maker has announced a cap for its 100% recyclable ketchup bottle. This is the result of an investment of $ 1.2 million and 185,000 hours of work over eight years, according to the company.

Climate change requires a new approach

While companies seem to grasp the scale of the climate crisis, they are trying to deal with it primarily in a sustainable way, as usual – one ketchup bottle cap at a time.

Consider emission reductions. Companies have been slow to commit to zero emissions by mid-century at the latest, a goal the Intergovernmental Panel on Climate Change considers it necessary to limit global warming to 1.5 degrees Celsius – about 2.7 degrees Fahrenheit – and avoid the worst effects of climate change. Only about a fifth of large companies have targets for 2030 that are in line with the goals of net zero by 2050 at the latest.

Companies that set net zero goals often do so in a way that lacks the necessary robustness and allows them to continue to emit greenhouse gases, as recent reports point out. One concern, for example, is their reliance on carbon offsets, which allows them to pay for potential carbon reductions elsewhere without making real changes in their own value chain.

[Read more: Why corporate climate pledges of ‘net-zero’ emissions should trigger a healthy dose of skepticism]

How to transform business sustainability

Companies have tried to rename their efforts in a way that seems more sophisticated, shifting from terms like “corporate social responsibility (CSR)” to “environment, social and governance (ESG)”, “specified companies” and “products”. carbon neutral ”.

But when businesses don’t put their word on their deeds, they increasingly face resistance from activists, investors, and government and regulatory agencies. One example is the growing scrutiny of companies that present themselves as climate leaders but at the same time give money to politicians opposed to climate policies. Public relations and advertising workers called their own industry in a report outlining 90 agencies working with fossil fuel companies.

The company is at a strategic inflection point, which Andy grove, the former CEO of the computer chip maker Intelligence, described as “a moment in the life of a company when its fundamentals are about to change”.

This transformation could evolve in different ways, but effectively tackling climate change requires a new mindset that shifts the relationship between profit maximization and sustainability to prioritize sustainability over profit.

The first signs of evolution

There are early signs of change, both within companies and the forces shaping the environment in which companies operate.

One example is how other industries are reassessing their relationships with fossil fuel companies. Some newspapers, including The Guardian, have banned advertising from fossil fuel companies. A growing number of insurance companies and banks have stopped funding coal projects. French bank Mutual credit said he saw the impact of climate change on his customers and was prepared to lose money “in the short term” to meet the risk.

Another example concerns changes in the relationships of companies with suppliers – for example, the enterprise software company Selling power added a sustainability clause to its contracts requiring suppliers to set carbon reduction targets.

And investors are switching for the first time to urge companies to take bolder action on climate change to the use of sticks. loyalty announced that he would vote against directors of companies whose companies do not disclose their emissions or do not have a climate change policy.

Add to these positives changes in regulations and policies around the world that aim to put in place key principles of sustainability and accelerate emission reductions, as well as the changing expectations of young job seekers in around environmental and social issues, such as inclusion and diversity, and you can begin to see how the end of sustainability as usual can be closer than a lot of people think. Due to climate change, the question is more “when” than “if” it will happen.

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Brain drain: an end in sight? (Part 1) https://scipion.org/brain-drain-an-end-in-sight-part-1/ Mon, 18 Oct 2021 23:28:03 +0000 https://scipion.org/brain-drain-an-end-in-sight-part-1/

When this writer left his highly equipped research laboratory at Lensfield Road, Cambridge, UK in August 1981 to join the University of Ibadan as a grade II lecturer in the chemistry department, he met many expatriates, notably from the United Kingdom, India and Lebanon. as colleagues. The naira was very strong at that time, as evidenced by the fact that this writer received 3,900 N at the current Union Bank (formerly Barclays Bank) in exchange for £ 4,000, which indicates an exchange rate of 1: 1 at the time. Today, in September 2021, the same £ 4,000 is trading for 2.26 MN (1 pound is equivalent to 565 N). It is therefore timely to suggest that the very high exchange rate of the naira is one of the main reasons for the brain drain in Nigeria.

By divine providence, the country is endowed with very rich human and natural resources and Nigerians are bright and hardworking. The truth is, we have suffered from the frustration and indignity of very bad leadership and very bad governance over the past 40 years. There is no doubt that the discovery of oil wells, especially in present-day Delta and River States, drew the military foray into the nation’s political life, informing the onset of our woes and regression in as a nation. Indeed, the economic downturn during the military dictatorship of Muhammadu Buhari (December 31, 1983 to August 27, 1985 31), Ibrahim Babangida (August 28, 1985 to August 26, 1993) and Sanni Abacha (November 17, 1993 to June 08, 1998) finally put the finishing touches on the “death” of the naira and the suffering of the masses which resulted from it due to very high unemployment and the drastic reduction in their purchasing power. Things got so bad in the country informing the exodus of expatriates to their home countries and the collapse of many industries including Dunlop Tires, Michelin Tires, Exide Batteries, Delta Steel Company, several car assembly plants , Nigercem, Aba Textile Mills, several glass industries, Imo Rubber Nig. Ltd and Modern Ceramics Ltd to name a few. This sad development resulted in the loss of millions of jobs for Nigerians and gave birth to all the vices we know today, including armed robberies, kidnappings, ritual killings, the destruction of human lives by the Boko Haram sect and the forced possession of agricultural land and the murder of the owners by Fulani shepherds.

All the nations of the world now know that Nigeria is no longer a safe place to stay and this is why many Nigerians are leaving the country. The brain drain has therefore remained and remains a welcome development for many families who depend on the foreign currencies of their relatives or their children abroad to survive the hardships of the country.

The recent recruitment of Nigerian doctors in Abuja by the Saudi government to Sheraton Hotels and Towers on August 24, 2021 is a slap in the face of the federal government under the watchful eye of the president, Major General Muhammadu Buhari (retired), who has recently pointed out that Nigerians who are not happy to stay in the country are free to settle in other countries of the world. It is an unfortunate statement by the head of a democratic government. He was supported by Minister of Labor and Employment Chris Ngige, who on August 25, 2021 said that the doctor brain drain is a welcome development as we have an excess of it in Nigeria which requires their export. How can you have an excess of doctors when the current ratio of doctor to patient in Nigeria is 1 in 5,000 against the World Health Organization recommendation of 1 in 600? Nigeria currently has a population of 200 million while Saudi Arabia has a population of 34 million. Its 113,000 doctors before recruiting Nigerian doctors give us a ratio of 1 in 301, making it one of the countries in the world with excellent health care for its people. The Buhari regime destroyed the once enviable status of the medical profession through its very poor health sector funding, very poor pay, and horrendous working conditions. Our young people are very smart and know the damage this administration has done to the medical profession, reporting the refusal of the top ten candidates from the recently released 2021 JAMB results to apply for medicine and surgery. All of them, including the best candidate, Master Monwuba Chibuzor Chibuikem who scored 358 out of 400, opted for engineering. This is a very sad development for Nigeria and could also be partly due to the fact that the University of Ibadan, which has the best medical school in the country, canceled the 2019/2020 session due to the COVID-19 pandemic. It is therefore not participating in the current admission exercise.

The recalcitrant behavior and profound lack of vision of our leaders must be of great concern to all Nigerians. Here are, in my opinion, the reasons for the brain drain in Nigeria:

  1. Nigeria’s unemployment rate is the highest in the world today. That is why it is beyond this writer’s imagination to note the approval of the establishment of 20 private universities and four state universities in the first six months of 2021 alone, when the existing universities are seriously under- funded and understaffed. These glorified high schools were created simply for glory and financial gain. The products of these schools will have no use after graduation. There are several graduates of existing universities who have sought employment for more than five years without success and thus found themselves fraudsters, smugglers and traffickers in human beings.
  2. We have a very serious problem of insecurity in Nigeria as evidenced by the operations of armed robbers, kidnappers, ritualists, internet crooks and Fulani shepherds.
  3. There is extreme poverty in Nigeria today and many Nigerians cannot afford two meals a day. This is why we have beggars all over our streets, including children under ten. Some of these children were forced by their parents to be peddlers in order to survive. The government sees nothing wrong with this development.
  4. Nigerian workers are very sad because of the low pay and the very high cost of living. This explains why many of our young professors at existing universities teach part-time at other universities in order to make ends meet. This writer lost a very young and brilliant colleague a few years ago in a horrific car accident on his way to Ibadan from Ondo town after such part-time education. May her gentle soul continue to rest in peace.

… to be continued

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