The TIBO range of luminaires from the French lighting manufacturer Robert Juliat has received the Etoile du SIEL award at the SIEL show in Paris.

Introducing the Creative Concept Light, the new TIBO range offers a mix and match choice of lightsource (LED, tungsten halogen or discharge), lens type (Fresnel or profile) and dramatic or conventional body colours. These various lighting schemes with new design elements can be used in theatre, architecture, display or for retail purposes.

The new additions to the range include two new profiles with options for HID discharge or variable white LED light sources, and a Fresnel version available with the full range of tungsten halogen, discharge or LED sources.

Prototype of the new ZEP 150W LED Fresnel, the new lighting scheme on the stand is based on the ZEP profile technology. Its 150W LED engine is available in two colour temperatures (3200K and 6000K) and complements the ZEP 640 profile series. It features a large 200mm lens, which maximises light output and its 360° rotating barn doors, low energy consumption and low maintenance requirements make it suitable for television studios, theatres, events and architectural use.

All of these new models will be officially launched at 2013 Prolight & Sound, Frankfurt. Robert Juliat’s followspots have been represented on the stand with the FLO 1800W MSR short throw (13°-24°) model.

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China holds a commanding position in world economy. Its economy has grown immensely since1978, when it launched its "reform and opening-up" strategy. It is now the world's second largest economy by nominal GDP and by purchasing power parity, next only to the United States according to a report "Gauging china's influence" published by the international monetary fund (IMF) in December 2010. Its real gross domestic product has grown by about 10 per cent annually, implying a doubling every seven to eight years.

China's share of world GDP and trade is rising rapidly. It is increasing its linkages with the rest of the world. Its share in world trade has increased nearly tenfold over the past three decades, to about 9 per cent, while its share in world GDP has risen to 13 per cent from less than 3 per cent during the period, according to IMF. Flows of trade and capital between china and the rest of the world are causing growth in other countries. 

Many countries were drawn to invest in china for its cheap labor and strong infrastructure like roads, ports, airports and energy systems. It has also flourished in energy and mineral resources such as coal, iron ore, crude petroleum, natural gas, antimony ore, tin, tungsten, salt, vanadium and molybdenum. China is also gifted with ample potentials for hydroelectric resources because of its river network and mountain terrain.

Lately, however, the pattern of investment in China is undergoing a change, due mainly to hike in wage structure-- approximately 25 per cent a year in major industry sectors. China is also experiencing some worrying inflationary trends right now that are pushing up the prices of everything from a bowl of rice to apartment rentals. Added to that, China unified its corporate income tax system last year, bringing the previous low rates that foreign businesses enjoyed in some cases from 15 to 25 per cent. 

That is why, it has become a matter of concern for the foreign investors to consider finding out another country which can supplement their investment decisions. China plus One or China +1 is an international business strategy that consists of the expansion of one company's current operations in China, say, to a Southeast Asian nation as there is a proverb "don't put your all eggs in a single basket". Many countries are now looking for a country having low wage rate, strong infrastructure and a suitable atmosphere for business. Vietnam in this case is fast coming up to prove itself as a decent destination of realising the need of a second country to invest.

Many countries are now contemplating to exploit the prospects of investing in Vietnam. "A lot of contact manufacturers have moved to Vietnam," said the CEO for the Asia-Pacific region at DB Schenker (subsidiary of Deutsche Bahn AG that focuses on logistics). "The country has moved beyond its early cargo base and increasingly takes care of electronics manufacturing, a trend that has been stoked further by many companies' 'China plus one' strategy,'' he added.

Japan's Yusen Air and Sea Service last year opened an office and a 64,000 sq ft warehouse near Hanoi. Vietnam signed an aviation bilateral with the US which also gives designated airlines the right to carry cargo to and from third countries. FedEx boosted its lift four-fold last year when it upgraded to A310F aircraft to serve Vietnam. It is visible that investment in Vietnam is increasing day by day. In every manufacturing sector foreign investments are rising at great speed.

But the question is why Bangladesh is unable to grip the opportunity. Bangladesh also has the advantage of low wage and abundant manpower. Understandably, the problems for Bangladesh very often pointed out include its deficient infrastructure, unskilled manpower, political instability and last but not the least, volatile capital market. The problems are daunting to find a quick remedy. But in the absence of corrective measures, the situation will further worsen in the days to come. Given the opportunity, it is in the interest of the nation that the policymakers should chalk out a roadmap so that some visible improvements are in place before it is too late.

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Environment minister Wong Kam-sing hopes to reach agreement within the next two months over the phasing out of incandescent lightbulbs.

"A public consultation was launched in 2011 to phase out incandescent lightbulbs, starting with the least energy-efficient types first," Wong said after a public event to promote energy efficiency yesterday.

The European Union and countries such as Switzerland and Australia have been phasing out incandescent lightbulbs since last year. The United States and Malaysia are due to follow suit next year.         

Wong said the Environment Bureau has opted for a "charter plan" rather than legislation to achieve this.

"After studying comments by the public, we have chosen a charter plan under which an agreement will be reached with lightbulb traders to stop supplies," he said.

"Lightbulbs will be phased out entirely," said Wong, adding the exact time frame will be agreed by both sides. "The government is finalizing details with traders."

When asked if the scheme will be voluntary, he said there is a wide consensus in the industry to phase out such bulbs.

"I am optimistic since both the public and the trade share in the importance of saving energy," Wong added.

It is proposed the sale of incandescent lightbulbs, of 25 watts or more, will be banned if they fail to meet a minimum energy efficiency standard.

In his policy address in 2009, then chief executive Donald Tsang Yam-kuen proposed a cash coupon scheme in which the public would receive HK$100 coupons to exchange for energy- saving lightbulbs.

But the scheme never took off and it was scrapped.

The Energy Saving and Environment Concern Alliance welcomes the "charter" plan.

"At least we are seeing the government take this a step further," said a spokesman for the alliance, adding that it is a good development.

According to the alliance, some lightbulbs such as the tungsten halogen lamps, widely used in commercial displays, will be temporarily exempted from the ban as there is no effective substitute.

The alliance said instead of switching to energy-saving lightbulbs, consideration should be given to switching to LED bulbs that have longer life and may be 10 times more efficient than incandescent ones.

Some industry experts believe that within 10 years, LED bulbs will save more energy than other green technologies including high-voltage power transmission, electric vehicles, smart grids or renewable power.

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Domestic tungsten prices tend to grow smoothly, manufacturers are bullish about APT, they keen on adjusting the price. The highest point of the price has touched 180 thousand yuan per ton, tungsten carbide powder price rose as well, which has led downstream firms to lower their purchase volume. Trading volumes of waste tungsten picked up a little bit with price rising modestly under the affects of parts of the merchants. Tungsten price is expected to grow steadily. Macroscopically, Central Bank is restarting the buyback of excess liquidity, so monetary policy might be tightened in a modest manner. The so-called “New Five Articles OF China”(which aims at restricting the housing market) will soon be implemented, and room for speculation is narrowed. The sales volume of retailers in America rose slightly in February. It is expected that tungsten price might continue to rise steadily in the short run.

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Versarien Plc. , the advanced engineering materials group, announced its intention to raise funds and seek admission of its shares to trading on the AIM Market of the London Stock Exchange. Dealings are expected to commence on AIM in late March 2013. Northland Capital Partners Limited is acting as Nominated Adviser and sole Broker to the Group.

The Group's trading subsidiary, Versarien Technologies Limited was founded in 2010 to commercialise a process for the production of cutting edge porous metallic materials, developed at the University of Liverpool.

The company said that in conjunction with its Admission to AIM, it will acquire Total Carbide Limited, a long established advanced materials company manufacturing tungsten carbide, a wholly owned subsidiary of Elektron Technologies plc (EKT). The total consideration being paid by Versarien to Elektron for the entire issued share capital of Total Carbide is 2.3 million pounds. Completion of the acquisition is conditional on the Group's successful Admission.

For the six months ended 30 September 2012, Versarien reported turnover of £nil and a net loss of 168 thousand pounds. For the year to 31 January 2013 Total Carbide generated revenues of 3.8 million pounds and a profit after tax of 56 thousand pounds.

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Shares in Wolf Minerals(WLFE) rose over 11% on Wednesday after it awarded a £75 million contract to Australia-based GR Engineering Services for the Hemerdon tungsten and tin project in the UK.

The fixed-price, fixed-term engineer procure construct (EPC) contract is for the design, construction and commissioning of a three million tonne-per-annum tungsten and tin mineral-processing plant, plus associated infrastructure, which will form "the key component" of the Hemerdon project.

The contract price is less than the £77 million estimated in a May 2011 definitive feasibility study. The contract forms the bulk of the development costs, estimated to be about £104 million, with land purchases, owners' costs and contingencies making up the balance.

Work on the two-year construction will commence upon satisfaction of the conditions precedent to financing.

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The Australian firm behind £130 million plans to re-start mining operations on the outskirts of Plymouth made a loss of $2.5 million in last six months of 2012.

It comes after an announcement yesterday that Wolf Minerals had awarded a £75 million design and build contract for the scheme's processing plant to fellow Australian firm GR Engineering.

The mine, at Hemerdon, is anticipated to come into production by the end of 2014 and will produce 5,000 tonnes of tungsten concentrate and 500 tonnes of tin annually over the following decade.

Last month, a New Zealand-based business TTI (NZ) Ltd bought a 19.9% interest in the company as part of a $20.3 million share placement exercise to raise funds to provide working capital to progress the scheme – specifically by buying homes near the site of the mine.

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Blackheath Resources Inc. (BHR.V) and Avrupa Minerals (AVU.V) today reported further drilling results from the Covas Tungsten Project in northern Portugal.

Highlights:

1.56% WO3 over 11.40 metres at Lapa Grande including

2.89% WO3 over 5.10 metres in Hole CO 13-12

0.79% WO3 over 1.55 metres at Telheira in Hole CO 10-12

2.11% WO3 over 7.98 metres at Telheira including

4.24% WO3 over 2.55 metres in previously reported Hole CO 7-12

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Xiamen Tungsten Co., Ltd. is principally engaged in the smelting, processing and distribution of tungsten, molybdenum and other non-ferrous metal products, as well as the property development business. The Company operates its businesses through production of non-ferrous metal products, property development and management, as well as development and distribution of new energy materials. The Company operates its businesses in domestic and overseasmarkets.

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Ferro-tungsten prices in Europe drifted down further on Wednesday March 6, as demand weakness pervaded the market.

Metal Bulletin’s in-warehouse Rotterdam quotation now stands at $39.50-39.90 per kg, down 10 cents on the top end, and market participants have suggested the price will slip still lower before the end of the first quarter. “I’ve spoken to a couple of traders and they mentioned $39-39.50 per kg.

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