VCI | Jotup

VCI Global Announces Plans to Accelerate Revenue Growth and Advance AI Innovations

Retrieved on:

Wednesday, March 13, 2024

Research, VW, Private equity, Cox Communications, Knowledge, Lufthansa, Capital market, Corporate finance, Silicon, GameStop, BMW, PwC, VCI, Fortune 500, Adobe, Intelligence cycle, Machine learning, Management

These New York and London offices will be led by the recently appointed Group Executive Director, Marco Baccanello.

Key Points:

These New York and London offices will be led by the recently appointed Group Executive Director, Marco Baccanello.
He is an accomplished Corporate Finance and Private Equity executive, specializing in advising fast growing technology companies on financing, growth strategies and merger and acquisitions.
The management is confident that these expansion plans will fuel accelerated revenue growth as the business continues to expand.
VCI Global’s AI R&D Center aims to nurture potential unicorn businesses, enhancing its future value proposition.

SP Releases Latest Sustainable Packaging Guidance for Automotive Manufacturing Operations

Retrieved on:

Wednesday, March 13, 2024

Foam, Sustainability, SP, Recycling, Environment, Incineration, EFP, The Royal Group, Toyota Motor North America, Ford Motor Company, Magna International, Toyota, JSP, VCI, Adecco Group North America, Automotive industry, General Motors, MPS

WASHINGTON, March 13, 2024 /PRNewswire/ -- The Suppliers Partnership for the Environment (SP) – an association of global automakers and their suppliers working together to advance environmental sustainability through the automotive supply chain – today announced the publication of a newly updated third edition of its Sustainable Packaging Specification Recommendations for Automotive Manufacturing Operations guidance document.

Key Points:

WASHINGTON, March 13, 2024 /PRNewswire/ -- The Suppliers Partnership for the Environment (SP) – an association of global automakers and their suppliers working together to advance environmental sustainability through the automotive supply chain – today announced the publication of a newly updated third edition of its Sustainable Packaging Specification Recommendations for Automotive Manufacturing Operations guidance document.
The latest version provides expanded guidance on the viable recyclability of a range of different automotive packaging materials, including the addition of new materials such as vapor corrosion inhibitors (VCI), wood dunnage, and plastic dunnage trays.
The new guidance is complemented by several existing SP resources, including Sustainable Packaging Specification Recommendations for Automotive Expendable Packaging and Automotive NA 48 x 45 Wood Stringer Pallet Specification Recommendations , as well as a forthcoming Feasibility Analysis for Consolidation of Automotive Supply Chain Packaging for Recycling expected to be published later this year.
The SP Sustainable Packaging Work Group recommends that the sustainable packaging strategies outlined in the guidance document be reviewed within automotive companies' packaging design and sourcing considerations, where appropriate, and distributed widely across the automotive supply chain as best practice guidance.

EQS-News: Nabaltec AG achieves an EBIT margin of 9.1% in 2023 despite weak economic demand and expects slight growth in 2024

Retrieved on:

Wednesday, March 13, 2024

VCI, Chemical industry, Environment, Fine chemical

The EBIT margin (EBIT as a percentage of total performance) was 9.1%.

Key Points:

The EBIT margin (EBIT as a percentage of total performance) was 9.1%.
However, the forecast for the EBIT margin, which was also adjusted from the expected 6% to 8%, was exceeded.
Due to the economic and sector-specific environment, the company expects revenues for 2024 to be slightly above the previous year's level.
On the earnings side, Nabaltec is expecting an EBIT margin in a range of 7% to 9%.

VCI Global Awarded Exclusive Distributorship for the World’s First AI-Powered Post-Harvest Robotic Packing System by Wootzano

Retrieved on:

Wednesday, February 21, 2024

VCI, Algorithm, Artificial intelligence, AI, Research, Behavior, GDP, Vegetable, Knowledge, Machine learning, Robotics, FAMA

KUALA LUMPUR, Malaysia, Feb. 21, 2024 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”) today announced that it has entered into an agreement with Wootzano Limited (“Wootzano”) to appoint VCI Global as its exclusive distributor of Wootzano’s Avarai robotic packing systems in Malaysia.

Key Points:

KUALA LUMPUR, Malaysia, Feb. 21, 2024 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”) today announced that it has entered into an agreement with Wootzano Limited (“Wootzano”) to appoint VCI Global as its exclusive distributor of Wootzano’s Avarai robotic packing systems in Malaysia.
As consideration for these exclusive rights, VCI Global has agreed to a schedule of minimum purchase commitments, starting in 2024.
We are very excited to introduce Avarai to Malaysia with VCI Global, aiming to transform the packhouse industry.
Wootzano is fully geared to bring our modular and highly dexterous robotic system to Malaysia,” said Dr Atif Syed, Founder and CEO of Wootzano.

Corporate Alignment with Climate Goals Under Scrutiny: LyondellBasell & Bayer demonstrate good practice

Retrieved on:

Tuesday, February 13, 2024

VCI, AFPM, World Resources Institute, National Association, National Association of Manufacturers, WRI, Climate, Paris Agreement, LYB, Commerce, Communication, Carbon, Risk, CDP, Climate change, Chemical substance, NESN, LyondellBasell, NAM

Chemical giant LyondellBasell (LYB) has emerged as an example of better practice in this field by proactively addressing concerns over misaligned industry affiliations.

Key Points:

Chemical giant LyondellBasell (LYB) has emerged as an example of better practice in this field by proactively addressing concerns over misaligned industry affiliations.
The company's Climate Advocacy Report , released in May 2023, evaluates its memberships in key trade associations, categorising each based on alignment with climate policy positions.
Another example of good practice is provided by Bayer’s (BAY) Industry Association Climate Review (2023) which assesses 63 associations.
As the world grapples with climate challenges, the time for blurred communication is long gone, and corporate leaders should be clear about their climate transition pathway.

VCI Global’s Real Estate Arm Acquires Impiana Private Villas Kata Noi in Phuket, Thailand

Retrieved on:

Wednesday, January 24, 2024

World Bank Group, World Bank, Acquisition, Phuket International Airport, VCI, USD, Tourism

Upon VCI Global’s acquisition of the leasing rights for an approximately 2,902 square meters land area in Karon Sub-District, Muang Phuket District, Phuket Province, Thailand, the Company secures Impiana Private Villas Kata Noi, Phuket along with all its associated assets.

Key Points:

Upon VCI Global’s acquisition of the leasing rights for an approximately 2,902 square meters land area in Karon Sub-District, Muang Phuket District, Phuket Province, Thailand, the Company secures Impiana Private Villas Kata Noi, Phuket along with all its associated assets.
Impiana Private Villas Kata Noi comprises 11 villas, covering 1,085 square meters, occupying less than 40% of its land area.
Aligned with our strategy to explore opportunities in the Southeast Asia hospitality sector, we consider the acquisition of Impiana Private Villas Kata Noi a strategic investment.
We anticipate further prospects in hospitality, fostering growth of our subsidiary, V Capital Real Estate Sdn Bhd.”

Vetter Becomes a Member of the German Association of Research-Based Pharmaceutical Companies (vfa)

Retrieved on:

Wednesday, January 17, 2024

Packaging, Medical Supplies, Health, Manufacturing, Pharmaceutical, Biotechnology, Senior, EFPIA, Research, Multimedia, Policy, Communication, VCI, Organization, CDMO, Committee, Economy, United States of Europe, VFA

Vetter, a leading globally operating contract development and manufacturing organization (CDMO), has joined the German Association of Research-Based Pharmaceutical Companies (vfa) as an associate member.

Key Points:

Vetter, a leading globally operating contract development and manufacturing organization (CDMO), has joined the German Association of Research-Based Pharmaceutical Companies (vfa) as an associate member.
Currently at 48 member companies, the vfa represents more than two thirds of the entire German pharmaceutical market.
We are delighted that Vetter, a global leader in this field, is a member of the vfa."
By joining the vfa, Vetter becomes a member of organizations such as the German Chemical Industry Association (VCI) and the European Federation of Pharmaceutical Industries and Associations (EFPIA).

VCI Global Limited and Evolve Capital Forge Collaboration to Enhance Market Access and Listing Opportunities Across International Exchanges

Retrieved on:

Monday, December 4, 2023

Partnership, OTCQX, Money, SGX, OTCQB, VCI

KUALA LUMPUR, Malaysia, Dec. 04, 2023 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”) is delighted to unveil a strategic collaboration with Evolve Capital Advisory Private Limited (“Evolve Capital”).

Key Points:

KUALA LUMPUR, Malaysia, Dec. 04, 2023 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”) is delighted to unveil a strategic collaboration with Evolve Capital Advisory Private Limited (“Evolve Capital”).
This collaboration seeks to cultivate a comprehensive avenue, providing companies with enhanced opportunities to facilitate capital markets access through public listings on NASDAQ or SGX.
Evolve Capital, a boutique investment bank focusing on growth enterprises across Southeast Asia, brings extensive expertise in providing comprehensive strategic advice, including M&A and capital markets capabilities.
The U.S. capital markets, renowned for their size, liquidity, and stability, offer an additional avenue for global issuers to access capital.

UpHealth Provides Corporate Update And Issues Financial Results For The Third Quarter Of 2023

Retrieved on:

Monday, November 20, 2023

DELRAY BEACH, Fla., Nov. 20, 2023 (GLOBE NEWSWIRE) -- UpHealth, Inc. (“we,” “UpHealth,” or the “Company”) (NYSE: UPH), today issued a corporate update in the form of a letter to shareholders on behalf of CEO, Martin Beck, inclusive of financial results for the third quarter ended September 30, 2023.

Key Points:

For the third quarter of 2023, we reported total revenues of $32.7 million, compared to $38.7 million in the third quarter of 2022.
Our gross margin expanded to 54% in the third quarter of 2023, up from 44% in the third quarter of 2022.
Due to the deconsolidation of UpHealth Holdings, this excludes approximately $35.6 million of cash at UpHealth Holdings as of September 30, 2023.
On September 19, 2023, UpHealth Holdings, a subsidiary of UpHealth, filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code.

Payway Announces ACH Processing Partnership With Trusted Leader VCI

Retrieved on:

Tuesday, December 19, 2023

ACH, Partnership, Cost, Risk, EVP, VCI

DANVERS, Mass., Dec. 19, 2023 /PRNewswire-PRWeb/ -- Payway, a leading payment solution provider for card-not-present and subscription businesses, today announced its strategic partnership with VCI (formerly Vericheck, Inc.), one of the largest ACH payment processing company with more than 30 years of success. This partnership delivers unprecedented value to businesses seeking secure and efficient ACH payment solutions.

Key Points:

DANVERS, Mass., Dec. 19, 2023 /PRNewswire-PRWeb/ -- Payway, a leading payment solution provider for card-not-present and subscription businesses, today announced its strategic partnership with VCI (formerly Vericheck, Inc.), one of the largest ACH payment processing company with more than 30 years of success.
- Kimberly Miller, EVP of Payway
This partnership brings together the strengths of Payway and VCI to empower businesses with advanced tools and capabilities for ACH payment processing.
Businesses utilizing Payway's ACH payment processing will now benefit from industry best practices used by VCI to protect valuable data.
Payway and VCI share a common commitment to innovation and excellence in payment processing, making this partnership a natural fit.