Latest news with #CGS
Zawya
11 hours ago
- Business
- Zawya
Saudi Arabia's CMA approves three IPOs
Saudi Arabia's market regulator has approved three IPOs, two of which will list on the NOMU Parallel Market, while the third remains to be announced. Property developer AlRamz Real Estate Company will float 12,857,143 shares, representing 30% of its share capital. This is the firm's second attempt at a NOMU IPO, following a 2022 announcement to float a 10% stake, which was scrapped a month later upon consultation with its financial advisor ANB Capital, the company said at the time. The Saudi CMA has also approved the NOMU IPO of Abdulaziz Ahmad Altwijri Trading Company, which plans to list 1 million shares, representing 20% of its share capital. The company, which deals in the sale of cosmetics to medical supplies and general commodity goods, had earlier announced a NOMU float in June 2023, which included a 600,000-share offering. However, later that month, financial advisor and lead manager Yaqeen Capital announced the incompletion of the offering. A third company that has received a nod of approval from the CMA is the Saudi-based Consolidated Gruenenfelder Saady Holding Company (CGS), which has registered an offering of 30 million shares, representing 30% of its share capital. CGS, a Swiss-Saudi joint venture, also known as the Coldstores Group of Saudi Arabia, operates in industrial and commercial refrigeration transporting and storage solutions. Saudi has seen a surge in listings on its Parallel Market in the first half of 2025 with close to 20 IPOs, according to Tadawul data. (Writing by Bindu Rai, editing by Seban Scaria)
Forbes
5 days ago
- Business
- Forbes
From Runway To Real Time: How Industry 4.0 Is Reshaping Fashion
Paul F. Magel | President, CGS | Leads global software & cloud co. CGS and its BlueCherry® digital supply chain platform for fashion brands. There's a lot of conversation in the market about Industry 4.0: some helpful, some hype. For fashion and apparel brands, the reality is pretty straightforward. If your Industry 4.0 journey hasn't yet begun, it's important to consider how this approach can work into your organizational strategy. The days of disconnected systems, manual data handoffs and "gut feel" planning are over. Supply chains are under pressure—from inflation, tariff volatility and rising expectations around speed, sustainability and transparency. Industry 4.0 isn't about futuristic factories. It's about having the right technology infrastructure in place today to keep your business running tomorrow. Understanding What Industry 4.0 Is Industry 4.0 is not a single technology or platform. Think of it more like a mindset shift: from reactive to proactive, from siloed to connected. At its core, Industry 4.0 is about leveraging: • IoT-enabled shop floors that capture live production data • Smart factories that automate routine tasks and self-correct in real time • AI and analytics that turn data into actionable decisions, from demand forecasting and inventory optimization to real-time production insights • Integrated systems that connect ERP, PLM, inventory and supplier networks • Digital twins that simulate processes and improve planning Critically, an integration strategy is a key part of this mindset shift. At BlueCherry, we've experienced firsthand that when technology like AI is thoughtfully integrated—whether through conversational interfaces or advanced reporting—it can significantly reduce manual workload and surface insights faster, especially in supply chain contexts where timing matters. In the fashion and apparel world, these are becoming table stakes for staying competitive. Lead times are shorter, customer expectations are higher and disruptions—whether from geopolitical changes or shifting trade policies—are now the norm, not the exception. Why This Matters Now When it comes to supply chain planning, we work with brands every day who are navigating this transformation. What we've seen is consistent: those who invested early and strategically in digital infrastructure are more agile, more efficient and, frankly, more competitive. Beyond identifying and fixing production issues in real time, these companies are often the ones that can adjust sourcing strategies based on tariff changes or material delays, improve forecasting using real demand signals rather than guesswork and track ESG compliance across the product lifecycle. Ultimately, this helps ensure new products get to market faster without compromising on quality . Making The Shift To Industry 4.0 Getting started with Industry 4.0 doesn't have to mean a complete tech overhaul. But it does require commitment and clarity. Here's what we advise: • Get your data in order. That means both the internal data within your four walls and the external data across your broader supply chain ecosystem. Unlocking this visibility requires not just technology but operational alignment and contractual cooperation with suppliers and partners. • Invest in people. Technology is only as good as the people using it. Train your teams, not just on the tools, but on the new way of thinking. • Measure the right things. Don't chase KPIs that look good on paper. Track what impacts performance—production uptime, lead time, sell-through rate and returns. • Partner smart. Choose tech providers that know your industry and can grow with you. • Build your case. Start capturing examples, even small wins, where automation, AI and sound processes are already delivering results. These real-world use cases help justify further investment, align stakeholders and create a clear roadmap for scaling Industry 4.0 initiatives. Your Next Move Industry 4.0 isn't a buzzword; it's a business opportunity hiding in plain sight. The brands that survive the next wave of disruption and thrive beyond it are the ones putting in the work now to digitize, integrate and future-proof their operations. If you're not sure where to start, start by asking yourself: "If something breaks in our supply chain tomorrow, would we know in time to fix it? " If the answer is "maybe not," it may be time to begin mapping your Industry 4.0 strategy. Forbes Technology Council is an invitation-only community for world-class CIOs, CTOs and technology executives. Do I qualify?
India.com
20-06-2025
- Business
- India.com
Nepal may become super rich in future as China hits jackpot in the country, the treasure is worth Rs...
Nepal may become super rich in future as China hits jackpot in the country, the treasure is worth Rs... Kathmandu: What comes as good news for India's neighbour Nepal is that scientists there have discovered a huge reserve of methane gas in the country's western region. With this discovery, the total methane reserve of Nepal may reach around 430 billion cubic meters, potentially enough to meet the country's gas demand for about 50 years, as per a report published by the China Geological Survey (CGS). The report presented preliminary findings from only one of the four wells targeted in the Jaljale area of Dailekh district, raising the country's prospects of tapping domestic energy sources, according to the state-run Gorkhapatra daily. 1.12 billion cubic meters of methane present The findings that were shared with the Nepal Government on Thursday stated that the exploration was carried out under a bilateral agreement, which was signed between Nepal and China in 2019. 'The first drilling operation was launched on May 11, 2021, reaching a depth of over 4,000 metres. It revealed an estimated 1.12 billion cubic metres of methane in a single well,' the report read. Need For 50 Years Will Be Fulfilled Gorkhapatra stated that the total reserve in the region could reach 430 billion cubic metres. 'The report reflects preliminary findings from just one of the four targeted wells. Based on initial estimates, the total reserves in the region could reach 430 billion cubic metres, which could potentially meet Nepal's gas demand for about 50 years,' Gorkhapatra said. Good News For Nepal Deputy Director General of the Department of Mines and Geology and head of the petroleum exploration project Dinesh Kumar Napit stated that it is deepest and most advanced exploration ever conducted in the country. Further testing will be done to assess the quality of the gas, commercial viability and economic potential.
Time of India
19-06-2025
- Business
- Time of India
Huge methane gas reserve found in western Nepal
A preliminary report published on Thursday has revealed that the total methane gas reserves in western Nepal could reach approximately 430 billion cubic metres, enough to possibly meet the Himalayan nation's demand for gas for around 50 years. The report, prepared by the China Geological Survey (CGS), presented initial findings from just one of the four targeted wells in Jaljale area of Dailekh district, raising the possibility of the Himalayan nation tapping into domestic sources of energy, according to government daily Gorkhapatra. The findings were shared with the government of Nepal on Thursday. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 2024-2025 Models: Small SUVs Are Turning Heads (Take A Look) FrequentSearches | Search Ads Learn More The exploration was carried out under a bilateral agreement signed in 2019 between Nepal and China. "The first drilling operation, launched on May 11, 2021, reached a depth of more than 4,000 metres, revealing an estimated 1.12 billion cubic metres of methane in a single well," the report said. Live Events "The report represents initial findings from just one of four targeted wells. Based on early estimates, the total reserve in the area could reach 430 billion cubic metres, which could possibly meet Nepal's demand for gas for around 50 years," Gorkhapatra said. Dinesh Kumar Napit, Deputy Director General at the Department of Mines and Geology, and head of the Petroleum Exploration Project said that the site is the deepest and most scientifically advanced exploration carried out in Nepal to date. The government has allocated 45 ropanis of land equivalent to 2,50,000 sq ft area, which is less than 1 sq km, for the project. Further testing is underway to assess gas quality, commercial viability, and economic potential. "The final report from the Chinese team is expected by the end of this year, with plans to begin commercial production testing thereafter," the newspaper said. This project - entirely grant-funded by the Chinese government - is considered a pilot initiative, with the CGS providing technical and financial support. The initial estimated cost was Rs 2.5 billion, though delays caused by the COVID-19 pandemic, led to escalation.
Economic Times
19-06-2025
- Business
- Economic Times
Huge methane gas reserve found in western Nepal
Synopsis A recent report indicates that western Nepal may possess approximately 430 billion cubic metres of methane gas reserves. This could potentially fulfill the nation's gas demand for about 50 years. Initial findings from a Chinese-led exploration project in the Dailekh district revealed significant methane deposits in a single well. A preliminary report published on Thursday has revealed that the total methane gas reserves in western Nepal could reach approximately 430 billion cubic metres, enough to possibly meet the Himalayan nation's demand for gas for around 50 years. ADVERTISEMENT The report, prepared by the China Geological Survey (CGS), presented initial findings from just one of the four targeted wells in Jaljale area of Dailekh district, raising the possibility of the Himalayan nation tapping into domestic sources of energy, according to government daily Gorkhapatra. The findings were shared with the government of Nepal on Thursday. The exploration was carried out under a bilateral agreement signed in 2019 between Nepal and China. "The first drilling operation, launched on May 11, 2021, reached a depth of more than 4,000 metres, revealing an estimated 1.12 billion cubic metres of methane in a single well," the report said. "The report represents initial findings from just one of four targeted wells. Based on early estimates, the total reserve in the area could reach 430 billion cubic metres, which could possibly meet Nepal's demand for gas for around 50 years," Gorkhapatra said. ADVERTISEMENT Dinesh Kumar Napit, Deputy Director General at the Department of Mines and Geology, and head of the Petroleum Exploration Project said that the site is the deepest and most scientifically advanced exploration carried out in Nepal to date. The government has allocated 45 ropanis of land equivalent to 2,50,000 sq ft area, which is less than 1 sq km, for the project. Further testing is underway to assess gas quality, commercial viability, and economic potential. ADVERTISEMENT "The final report from the Chinese team is expected by the end of this year, with plans to begin commercial production testing thereafter," the newspaper said. This project - entirely grant-funded by the Chinese government - is considered a pilot initiative, with the CGS providing technical and financial support. The initial estimated cost was Rs 2.5 billion, though delays caused by the COVID-19 pandemic, led to escalation. (You can now subscribe to our Economic Times WhatsApp channel) (Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.) Download The Economic Times News App to get Daily International News Updates. NEXT STORY
