Latest news with #localindustry
Zawya
07-07-2025
- Business
- Zawya
El-Wazir visits MARS Egypt OCT plant to strengthen industrial cooperation
Arab Finance: Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El-Wazir has made the first-of-its-kind visit to MARs Egypt OCT plant, as per an emailed press release. The visit included a comprehensive tour of the facility, covering production lines and packaging centers. Welcomed by Osama Helal, MARS Egypt OCT Plant Director, the minister was briefed on the latest manufacturing technologies adopted by MARS and the quality and innovation standards implemented. El-Wazir was also introduced to the plant's vital role in supporting the local economy through investments, employment and exports. Commenting on the visit, Helal stated: "At MARS, we are deeply committed to supporting local industry by expanding domestic manufacturing, sourcing 100% of our packaging materials locally, empowering local talent, and promoting women's participation, even on production lines.' 'This visit gives us a strong incentive to continue investing in the Egyptian market and reinforces MARS' position as a global manufacturing hub serving international markets from Egypt," he added. Since 2005, MARS' total investments in the Egyptian market exceeded $450 million. As of 2025, MARS Egypt OCT became a global manufacturing facility, exporting to more than 40 countries worldwide. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Yahoo
04-07-2025
- Business
- Yahoo
Constrained by inflation, CSUB looking for donations to supplement budget for energy innovation building
It sounded like a lot of money at the time, but inflation being what it has been, the $83 million state lawmakers set aside three years ago for construction of an energy innovation center at Cal State Bakersfield won't go quite as far as anticipated. The three-story building will be almost a quarter smaller than initially expected, for one thing, and the university is having to delay plans for hiring faculty specifically to work at the 57,000-square-foot building. But there's still hope CSUB will be able to upgrade the project and bring it closer to the university's original vision for when the Energy Innovation Building opens in fall 2027. That's because the university plans to kick off a campaign next month soliciting naming-rights agreements among local energy companies. 'That would help to bring some of the specialized lab equipment and other opportunities to the building,' said CSUB's CFO and interim vice president, Kristen Watson. The building was and still is planned to be a hub of excellence for promoting sustainable energy solutions and collaboration among local industry, students, federal scientists and partners across the region. Its design was approved in March by trustees of the California State University system. In alignment with the county's statewide leadership in production of oil and renewable energy, CSUB says the building will offer space for specialized teaching laboratories, along with room for computing, materials testing, power systems and petroleum engineering. A 240-seat venue is planned for consortiums and other gatherings focused on energy innovation. CSUB has long wanted a center like the one planned just south of one of the two existing science centers on campus. The university's leadership sees energy advancements, including in the area of carbon management, as key to improving local quality of life, enhancing environmental stewardship and generating tax revenue to sustain local communities. The building's economic significance is not lost on Justin Salters, a local consultant with experience in economic development and public policy. He said Thursday the project is an opportunity to grow the region's energy leadership and grow its role in developing new technologies that will be needed for providing 'reliable, affordable and ever-cleaner energy.' 'This is a huge win for the region,' Salters said by email. 'I look forward to seeing how it expands research at CSUB and hope to see technologies developed in the building leveraged by entrepreneurs to launch new ventures and create good jobs for Kern County residents.' Already some members of the local energy industry have stepped up with financial support for the building or the California Energy Research Center it will house. At least two large Kern County oil producers, Chevron and Aera Energy LLC, have pledged seven-figure grants. Chevron said its $1.25 million contribution will support academic and education outreach programs at the building while giving engineering students a chance to work with advanced equipment that can help prepare them to work in the industry immediately upon graduation. 'Chevron recognizes that science, technology, engineering and math (STEM) education plays an important role in advancing innovation, research and technology and inspires the next generation of scientists, engineers and problem-solvers,' spokesman Sean Comey said by email. Aera, which has since been acquired by local oil producer California Resources Corp., committed $2.5 million toward an endowment funding leadership of CERC, whose first executive director was recently hired and is scheduled to start the job this summer. Watson noted donations have already come in for the naming of the building's multipurpose room and atrium lobby. But she said other spaces remain open to naming-rights agreements. The plan is to partner with the Lawrence Livermore National Laboratory to support research and technical infrastructure, specifically for the purpose of achieving California's goal of carbon neutrality by 2045. As part of that, federal scientists are expected to work with university personnel. CSUB hoped to hire energy specialists who would work in the building at its opening. That won't happen at first, Watson said, though existing faculty will have offices and access to lab space. She said specially dedicated faculty remain a goal. 'As resources become available,' she said, 'we'll look to bring specialized faculty on board.' The project is being managed by locally based Bynum Inc. The building's design was prepared by architecture firm AC Martin of Los Angeles. San Francisco's Swinerton has been named the construction contractor. Construction is expected to start early next year.
BBC News
20-06-2025
- Business
- BBC News
Herefordshire veterans' skills can boost economy
Skills held by a county's "huge" former armed forces population could help local industry meet growing challenges, a government minister has for Veterans, Al Carns, spoke about Herefordshire's "hugely valuable" veterans during a visit to the New Model Institute for Technology and Engineering (NMITE).More than 9,000 veterans are registered in the county, where Carns also spent time during his own armed forces Birmingham Selly Oak MP urged businesses to connect with potential employees through the Forces Employment Charity's Operation Ascend, a scheme which helps veterans find jobs. Their leadership, teamwork and technical skills are "hugely valuable to industry", Carns told forces and industry figures at the Military into Business Showcase event on also had "a huge amount of talent and skill, which sometimes gets lost when they leave the military", he Office for Veterans' Affairs posted on X it was estimated a quarter of Herefordshire's population had military ties, "making veterans crucial to the local economy". It added the visit's purpose was to encourage local businesses to sign the Armed Forces Covenant, a promise to treat fairly those who have which lies within the Rotherwas enterprise zone alongside several defence-related firms, provides engineering and technology degrees and champions ties with local defence secretary James Cartlidge also addressed attendees, telling them "your country needs you"."The battlefield is changing and we have to embrace technology like never before. Yet the most important capability of the armed forces will still be people, who will need skills as never before," Cartlidge added. This news was gathered by the Local Democracy Reporting Service, which covers councils and other public service organisations. Follow BBC Hereford & Worcester on BBC Sounds, Facebook, X and Instagram.
ABC News
20-06-2025
- Business
- ABC News
Australian grown chocolate set to boom
If you've browsed the chocolate aisle in your local supermarket recently, it's likely you've noticed prices are soaring. That's because supply challenges in West Africa have led to global supply shortages of chocolate's key ingredient, cocoa. But it's creating opportunities for Australian cocoa farmers, who are expecting the local industry to boom over the next decade.
Economy ME
21-05-2025
- Business
- Economy ME
UAE's Tawazun Council, Thales partner to support Emirati suppliers with $163 million work packages
The UAE's Tawazun Council and Thales Group have signed an agreement to empower more than 20 certified local suppliers with work packages worth AED600 million ($163.35 million). The signing took place during Make it in the Emirates 2025 in Abu Dhabi. The agreement falls under the framework of the 'Go to UAE' initiative, a flagship program jointly launched by Tawazun Council, the Ministry of Industry and Advanced Technology and Thales. The initiative aims to integrate local suppliers into the global supply chains of Thales and other leading defence and technology companies by equipping them to meet top international standards and enabling access to long-term, high-value projects both locally and globally. Project to strengthen national supply chain capabilities Since its launch in 2023, the program has made significant strides. In its first year, nine Emirati companies successfully met international accreditation requirements, reflecting the growing readiness of national talent and industries to compete in advanced manufacturing sectors. The local suppliers participating under the new agreement will contribute to a wide range of specialized projects, including PCB assembly, electromechanical systems, pre-assembled cabling, and precision machining. These efforts will directly enhance the UAE's defence industrial autonomy and strengthen national supply chain capabilities. 'The success of the 'Go to UAE' initiative is a testament to the progress we are making in enabling national suppliers to access global supply chains and contribute to key defence and technology projects. Through the Economic Offset Program, Tawazun remains committed to building partnerships that generate sustainable value for the UAE's economy and industrial base,' stated Majed Saif Al Shamsi, executive firector of Tawazun Economic Program (Offset) at Tawazun Council. Read| Make it in the Emirates 2025: ADIO launches AI-driven partnership with e& enterprise to accelerate industrial growth Thales to deliver advanced training and upskilling programs Developing the local suppliers along with Emirati talent remains a cornerstone of this collaboration. Thales is committed to delivering advanced training and upskilling programs, aimed at cultivating a qualified pool of Emirati national professionals in critical domains such as advanced technologies and electronics. This aligns with the UAE's vision for localizing strategic industries and creating high-value opportunities for its citizens. 'The 'Go to UAE' program is a prime example of how connecting world-class UAE suppliers with international markets can drive economic growth and technological advancement. By bringing 'Made in the Emirates' solutions to a global platform, we are not only strengthening the UAE's defence capabilities but also setting a new benchmark for export-driven growth,' stated Roque Carmona, chief procurement officer at Thales Group. This agreement also reflects Tawazun Council's ongoing efforts to leverage the Tawazun Economic Program to enable investment in the local industrial ecosystem, drive added value to the national economy, and boost the global competitiveness of the UAE's defence and technology sectors.
