text:
|By Marketwired .
Article Rating:
|February 5, 2014 07:31 AM EST
HAMILTON, BERMUDA -- (Marketwired) -- 02/05/14 --
Investors, analysts and other interested parties can access Brookfield Infrastructure's 2013 fourth quarter and year-end results as well as the Letter to Unitholders and Supplemental Information on the web site under the Investor Relations section at www.brookfieldinfrastructure.com.
The 2013 fourth quarter and year-end results conference call can be accessed via webcast February 5, 2014 at 9:00 a.m. ET at www.brookfieldinfrastructure.com or via teleconference at 1-800-319-4610 toll free in North America, or for overseas calls please dial +1-631-982-4565 at approximately 8:50 a.m. The teleconference taped rebroadcast will also be available until midnight on March 5, 2014. To access this rebroadcast, please call 1-800-319-6413 or outside Canada & U.S. please call +1-604-638-9010 (password: 9245#).
Brookfield Infrastructure (NYSE:BIP)(TSX:BIP.UN) today announced its results for the year ended December 31, 2013.
---------------------------------------------------------------------------- US$ millions (except per unit amounts) Three months ended Dec 31 Year ended Dec 31 2013 2012 2013 2012 ---------------------------------------------------------------------------- FFO(1) $ 175 $ 130 $ 682 $ 462 - per unit(2) $ 0.83 $ 0.65 $ 3.30 $ 2.41 Net (loss) income $ (195) $ 50 $ (58) $ 106 - per unit(3) $ (0.96) $ 0.23 $ (0.43) $ 0.47 ----------------------------------------------------------------------------
Brookfield Infrastructure posted strong results for the year ended December 31, 2013 with funds from operations ("FFO") totalling $682 million ($3.30 per unit) compared to FFO of $462 million ($2.41 per unit) in 2012. This 48% increase (37% on a per unit basis) in FFO was primarily the result of virtually all our operations performing better than the prior year, benefitting from organic growth and incremental earnings from capital deployed to grow its transport and utilities businesses. For the year, Brookfield Infrastructure generated an AFFO yield(4) of 13%, and currently has a payout ratio(5) of 57% that is conservative versus its long-term target range of 60%-70%.
"This was a successful year for our business as we accomplished a number of financial and operating priorities and delivered our strongest year from an FFO perspective," said Sam Pollock, Chief Executive Officer of Brookfield Infrastructure. "In 2013, we strengthened our balance sheet through execution of opportunistic refinancings, completion of our capital recycling program and reduction of our overall financial risk profile. We made significant organic growth investments in our existing business and secured $1.1 billion of new investments in North and South America. Going into 2014, we are excited about our prospects and believe we are well positioned to continue to deliver strong returns for our unitholders."
Segment Performance
Brookfield Infrastructure's utilities platform produced FFO of $377 million compared to $308 million in 2012. This 22% increase was primarily due to the acquisition of a UK regulated distribution business, and the increased ownership in its Chilean electricity transmission system. Excluding the impact of new investments, results increased by 7%, benefitting from inflation indexation, additions to the rate base, as well as lower financing costs.
The transport platform generated FFO of $326 million in 2013, compared to $168 million in the prior year. The significant increase in FFO was driven by the full commissioning of the Australian railroad's expansion that was completed in the first quarter of 2013, and the contribution from the toll road business, following investments made over the past 12 months.
Brookfield Infrastructure's energy platform earned FFO of $70 million in 2013, compared to $76 million in 2012. Contributions from its district energy business and improved performance at its energy distribution businesses were more than offset by weaker results at its North American gas transmission business, which continues to face difficult market pressures from the rapidly changing energy landscape in the U.S.
The following table presents net income and FFO by segment:
---------------------------------------------------------------------------- US$ millions, unaudited Three months ended Dec. 31 Year ended Dec. 31 2013 2012 2013 2012 ---------------------------------------------------------------------------- Net income (loss) by segment Utilities $ 107 $ 13 $ 236 $ 111 Transport 12 16 65 33 Energy (270) (14) (254) - Corporate and other (44) 35 (105) (38) ---------------------------------------------------------------------------- Net (loss) income $ (195) $ 50 $ (58) $ 106 ---------------------------------------------------------------------------- FFO by segment Utilities $ 92 $ 85 $ 377 $ 308 Transport 94 54 326 168 Energy 16 21 70 76 Corporate and other (27) (30) (91) (90) ---------------------------------------------------------------------------- FFO $ 175 $ 130 $ 682 $ 462 ----------------------------------------------------------------------------
Brookfield Infrastructure reported a net loss of $58 million ($0.43 per unit) for the year ended December 31, 2013, compared to net income of $106 million ($0.47 per unit) in 2012. Valuations of the Partnership's property, plant and equipment increased by $250 million across many of its businesses, net of a $275 million charge recorded on its investment in the North American natural gas transmission business. These valuation gains were recorded in Other Comprehensive income, whereas the impairment charge was recorded in income, which was the main contributor to the decline in earnings compared to the prior year.
Growth Initiatives
In 2013, Brookfield Infrastructure secured over $1.1 billion of new investments in its transport and energy platforms. It invested $600 million to increase its ownership in its toll road business in Brazil and to expand its district energy platform in North America. Additionally, in December, Brookfield Infrastructure agreed to invest approximately $500 million into two container terminal facilities in California and a South American infrastructure logistics business.
North American Port Investments
Brookfield established a joint venture with Mitsui OSK Lines' (MOL) container terminals to add value to its container terminals in the U.S. and to participate in future expansions in growing regions. As part of the formation of this joint venture, Brookfield Infrastructure signed agreements to invest alongside institutional investors in an approximately 50% equity stake in MOL's container terminals in Los Angeles and Oakland. These gateway terminals handled approximately 900,000 TEUs in 2013 and have surplus capacity to facilitate volume growth in the future. The Los Angeles terminal is undergoing a $185 million modernization project that will double its capacity, increase efficiency and enhance its low-cost operation. Once complete in 2016, this will be one of the most automated terminals in North America. Completion of this transaction is expected in the first quarter of 2014, subject to obtaining all required consents and regulatory approvals.
South American Port and Rail Investments
Brookfield Infrastructure signed agreements to invest alongside institutional investors to acquire an approximate 27% interest in VLI, one of Brazil's largest rail and port logistics businesses. This investment provides Brookfield Infrastructure with the opportunity to participate in the evolution and growth of the logistics and transportation industries in Brazil. VLI's rail consists of approximately 4,000 km under concession, with approximately 17,100 wagons and approximately 680 locomotives, and is integrated with five inland terminals and three ports. VLI expects to deploy over R$6.0 billion to upgrade and expand operations over the next seven years, allowing it to capture volume growth from increased activity in the agriculture, steel and other industrial sectors in Brazil. The terms of Brookfield's investment include a mechanism, guaranteed by the seller, to ensure that a minimum return is achieved over a period of up to six years from closing, which is expected to occur in the first half of 2014, subject to obtaining all required consents and regulatory approvals.
The Board of Directors has declared a quarterly distribution in the amount of $0.48 per unit, payable on March 31, 2014 to unitholders of record as at the close of business on February 28, 2014. This represents a 12% increase compared to the prior year.
Distributions are eligible for reinvestment under the Partnership's Distribution Reinvestment Plan. Information on this Plan and on declared distributions can be found on Brookfield Infrastructure's website under Investor Relations/Distributions.
Additional Information
Brookfield Infrastructure's Letter to Unitholders and the Supplemental Information are available at www.brookfieldinfrastructure.com.
Brookfield Infrastructure operates high quality, long-life assets that generate stable cash flows, require relatively minimal maintenance capital expenditures and, by virtue of barriers to entry and other characteristics, tend to appreciate in value over time. Its current business consists of the ownership and operation of premier utilities, transport and energy assets in North and South America, Australasia, and Europe. It also seeks acquisition opportunities in other infrastructure sectors with similar attributes. Brookfield Infrastructure's payout policy targets 5% to 9% annual growth in distributions. Units trade on the New York and Toronto stock exchanges under the symbols BIP and BIP.UN, respectively. For more information, please visit Brookfield Infrastructure's website at www.brookfieldinfrastructure.com.
Note: This news release contains forward-looking information within the meaning of Canadian provincial securities laws and "forward-looking statements" within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, Section 21E of the U.S. Securities Exchange Act of 1934, as amended, "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and in any applicable Canadian securities regulations. The words "continue", "will", "tend to", "target" "future", "growth", "expect", "believe", derivatives thereof and other expressions which are predictions of or indicate future events, trends or prospects and which do not relate to historical matters identify the above mentioned and other forward-looking statements. Forward-looking statements in this news release include statements regarding expansion of Brookfield Infrastructure's business, statements with respect to our assets tending to appreciate in value over time, the future performance of acquired businesses and growth initiatives, and the level of distribution growth over the next several years.
Although Brookfield Infrastructure believes that these forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on them, or any other forward looking statements or information in this news release. The future performance and prospects of Brookfield Infrastructure are subject to a number of known and unknown risks and uncertainties. Factors that could cause actual results of Brookfield Infrastructure to differ materially from those contemplated or implied by the statements in this news release include general economic conditions in the jurisdictions in which we operate and elsewhere which may impact the markets for our products, the ability to achieve growth within Brookfield Infrastructure's businesses and in particular completion on time and on budget of various large capital projects, which themselves depend on access to capital and continuing favourable commodity prices, the impact of market conditions on our energy distribution and transmission businesses, the fact that success of Brookfield Infrastructure is dependent on market demand for an infrastructure company, which is unknown, the availability of equity and debt financing for Brookfield Infrastructure, the ability to effectively complete new acquisitions in the competitive infrastructure space (including the ability to complete announced acquisitions that may be subject to conditions precedent) and to integrate acquisitions into existing operations, the future performance of these acquisitions, including traffic volumes on our toll roads, the market conditions of key commodities, the price, supply or demand for which can have a significant impact upon the financial and operating performance of our business and other risks and factors described in the documents filed by Brookfield Infrastructure with the securities regulators in Canada and the United States including under "Risk Factors" in Brookfield Infrastructure's most recent Annual Report on Form 20-F and other risks and factors that are described therein. Except as required by law, Brookfield Infrastructure undertakes no obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise.
------------ References to Brookfield Infrastructure are to the Partnership together with its subsidiaries and operating entities. Brookfield Infrastructure's results include limited partnership units held by public unitholders, redeemable partnership units and general partnership units. References to the Partnership are to Brookfield Infrastructure Partners L.P. (1) FFO is defined as net income excluding the impact of depreciation and amortization, deferred income taxes, breakage and transaction costs, non-cash valuation gains or losses and other items. A reconciliation of net income to FFO is available on page 5 of this release. (2) Average number of partnership units outstanding on a fully diluted time weighted average basis, assuming the exchange of redeemable partnership units held by Brookfield for limited partnership units, for the three and 12 months ended December 31, 2013 were 210.0 million and 206.7 million, respectively (2012 - 200.8 million and 191.5 million, respectively). (3) Represents net income per limited partnership unit (see Consolidated Statements of Operating Results on page 8 for details). (4) AFFO yield is defined as AFFO (FFO less maintenance capital expenditures) over time weighted average invested capital. (5) Payout ratio is defined as distributions to unitholders plus GP incentive distribution rights divided by FFO. Brookfield Infrastructure Partners L.P. Statements of Funds from Operations For the three-month For the 12-month period ended Dec. 31 period ended Dec. 31 ---------------------------------------------------------------------------- (US$ MILLIONS, UNAUDITED) 2013 2012 2013 2012 ---------------------------------------------------------------------------- Adjusted EBITDA Utilities $ 138 $ 131 $ 547 $ 469 Transport 143 91 497 275 Energy 33 37 137 144 Corporate and other (28) (15) (71) (47) -------------------------------------------------------- Total 286 244 1,110 841 Financing costs (104) (113) (423) (393) Other (expenses) income (7) (1) (5) 14 -------------------------------------------------------- Funds from operations (FFO) 175 130 682 462 -------------------------------------------------------- Depreciation and amortization (98) (91) (400) (300) Impairment charge (275) - (275) (16) Deferred taxes and other items 3 11 (65) (40) -------------------------------------------------------- Net (loss) income attributable to the partnership $ (195) $ 50 $ (58) $ 106 -------------------------------------------------------- -------------------------------------------------------- Notes: Funds from operations in this statement is on a segmented basis and represents the operations of Brookfield Infrastructure net of charges associated with related liabilities and non-controlling interests. Adjusted EBITDA is defined as FFO excluding the impact of interest expense, cash taxes and other income or expenses. Net income attributable to the partnership includes net income attributable to non-controlling interests - redeemable partnership units held by Brookfield, limited partners and the general partner. The Statements of Funds from Operations above are prepared on a basis that is consistent with the Partnership's Supplemental Information and differs from net income as presented in Brookfield Infrastructure's Consolidated Statements of Operating Results on page 8 of this release, which is prepared in accordance with IFRS. Management uses FFO as a key measure to evaluate performance and to determine the underlying value of its businesses. Readers are encouraged to consider both measures in assessing Brookfield Infrastructure's results. Brookfield Infrastructure Partners L.P. Statements of Partnership Capital As of December 31 (US$ MILLIONS, UNAUDITED) 2013 2012 ------------------------------------------------------ Assets Operating Platforms Utilities $ 1,928 $ 2,218 Transport 2,456 2,335 Energy 702 938 Corporate cash and financial assets 523 7 Other assets, net - 472 -------------------------- $ 5,609 $ 5,970 -------------------------- -------------------------- Liabilities Corporate borrowings $ 377 $ 946 Other liabilities, net 46 - -------------------------- 423 946 Capitalization Partnership capital 5,186 5,024 -------------------------- $ 5,609 $ 5,970 -------------------------- -------------------------- Notes: Partnership capital in these statements represents Brookfield Infrastructure's investments in its operations on a segmented basis, net of underlying liabilities and non-controlling interests, and includes partnership capital attributable to non-controlling interests - redeemable partnership units held by Brookfield, limited partners and the general partner. Accordingly, the statements above differ from Brookfield Infrastructure's Consolidated Statements of Financial Position contained in its financial statements, which are prepared in accordance with IFRS. Readers are encouraged to consider both bases of presentation in assessing Brookfield Infrastructure's financial position on page 7 of this release. Brookfield Infrastructure Partners L.P. Consolidated Statements of Financial Position As of December 31 ---------------------------------------------------------------------------- (US$ MILLIONS, UNAUDITED) 2013 2012 ---------------------------------------------------------------------------- Assets Cash and cash equivalents $ 538 $ 263 Financial assets 259 - Accounts receivable 381 372 Other current assets 90 111 -------------------------- Total current assets 1,268 746 Property, plant and equipment 7,763 7,970 Intangible assets 4,006 4,497 Standing timber - 2,997 Investments in associates 2,039 2,179 Investment properties 164 213 Deferred income taxes and other 442 1,116 -------------------------- Total assets $ 15,682 $ 19,718 -------------------------- -------------------------- Liabilities and partnership capital Accounts payable and other $ 553 $ 582 Non-recourse borrowings 71 663 Financial liabilities 36 46 -------------------------- Total current liabilities 660 1,291 Corporate borrowings 377 946 Non-recourse borrowings 5,719 6,330 Financial liabilities 511 839 Deferred income taxes and other 1,810 2,504 -------------------------- Total liabilities 9,077 11,910 Partnership capital Limited partners 3,751 3,632 General partner 27 27 Non-controlling interest - redeemable partnership units held by Brookfield 1,408 1,365 Non-controlling interest - in operating subsidiaries 1,419 2,784 -------------------------- Total partnership capital 6,605 7,808 -------------------------- Total liabilities and partnership capital $ 15,682 $ 19,718 -------------------------- -------------------------- Brookfield Infrastructure Partners L.P. Consolidated Statements of Operating Results For the three-month For the 12-month period ended Dec. 31 period ended Dec. 31 ---------------------------------------------------------------------------- (US$ MILLIONS, EXCEPT PER UNIT INFORMATION, UNAUDITED) 2013 2012 2013 2012 ---------------------------------------------------------------------------- Revenues $ 470 $ 451 $ 1,826 $ 1,524 Direct operating costs (212) (229) (823) (766) General and administrative expenses (28) (28) (110) (95) Depreciation and amortization expense (79) (72) (329) (230) -------------------------------------------------------- 151 122 564 433 Interest expense (98) (98) (362) (322) Share of (losses) earnings from associates (272) (7) (217) 1 Gain on sale of associate 35 - 53 - Valuation gains (losses) and other 27 (6) (16) (41) -------------------------------------------------------- (Loss) income before income tax (157) 11 22 71 Income tax (expense) recovery Current (7) (1) (3) (12) Deferred (12) 5 1 42 -------------------------------------------------------- Net (loss) income from continuing operations (176) 15 20 101 Income from discontinued operations, net of income tax - 165 45 190 Non-controlling interest - in operating subsidiaries (19) (130) (123) (185) -------------------------------------------------------- Net (loss) income attributable to partnership $ (195) $ 50 $ (58) $ 106 -------------------------------------------------------- -------------------------------------------------------- Attributable to: Non-controlling interest - redeemable partnership units held by Brookfield $ (58) $ 14 $ (26) $ 26 General partner 7 4 31 16 Limited partners (144) 32 (63) 64 -------------------------------------------------------- -------------------------------------------------------- Basic and diluted (loss) earnings per unit attributable to: Limited partners(1) $ (0.96) $ 0.23 $ (0.43) $ 0.47 -------------------------------------------------------- -------------------------------------------------------- (1) Average number of limited partnership units outstanding on a time weighted average basis for the three and 12 months ended December 31, 2013 were 150.2 million and 147.8 million, respectively (2012 - 143.6 million and 136.9 million, respectively). Brookfield Infrastructure Partners L.P. Consolidated Statements of Cash Flows For the three-month For the 12-month period ended Dec. 31 period ended Dec. 31 ---------------------------------------------------------------------------- (US$ MILLIONS, UNAUDITED) 2013 2012 2013 2012 ---------------------------------------------------------------------------- Operating Activities Net (loss) income from continuing operations $ (176) $ 15 $ 20 $ 101 Adjusted for the following items: Income from discontinued operations, net of income tax - 165 45 190 Share of earnings from associates, net of distributions 323 43 307 62 Depreciation and amortization expense 79 72 329 230 Gain on sale of associate (35) - (53) - Valuation losses (gains) and other 6 (258) 53 (136) Deferred tax recovery 12 67 12 30 Change in non-cash working capital, net (46) 137 (19) 158 -------------------------------------------------------- Cash from operating activities 163 241 694 635 -------------------------------------------------------- Investing Activities Net proceeds from (investments in): Operating assets (43) (384) 566 (409) Associates 411 (493) (61) (728) Long-lived assets (107) (127) (420) (637) Financial assets 150 49 (221) - Net settlement of foreign exchange contracts (28) (5) (26) 10 -------------------------------------------------------- Cash from (used by) investing activities 383 (960) (162) (1,764) -------------------------------------------------------- Financing Activities Distribution to limited and general partners (98) (79) (388) (304) Corporate debt issuance - 408 - 408 Net (repayments) borrowings: Corporate (193) 454 (546) 546 Subsidiary 70 (155) 520 182 Issuance of partnership units (inclusive of dividend reinvestment plan) 2 1 338 500 Subsidiary distributions to non-controlling interest (62) (33) (156) (94) -------------------------------------------------------- Cash (used by) from financing activities (281) 596 (232) 1,238 -------------------------------------------------------- Cash and cash equivalents Change during the period $ 265 $ (123) $ 300 $ 109 Impact of foreign exchange on cash (7) 2 (25) 1 Balance, beginning of period 280 384 263 153 -------------------------------------------------------- Balance, end of period $ 538 $ 263 $ 538 $ 263 -------------------------------------------------------- --------------------------------------------------------
Tracey Wise
Vice President, Investor Relations
Tel: 416-956-5154
Email: [email protected]
Andrew Willis
Senior Vice President, Communications and Media
Tel: 416-369-8236
Email: [email protected]
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Swannanoa Lifestyle Properties for Sale
15 Listings Showing 1 to 15
Spectacular Northwood Homestead
Deadline Sale - 1pm, Tues 31 May 2016 (unless sold prior) Magnificent approximately 650sqm Homestead (circa 1885) situated in park-like ...
Swish in Swannanoa!
* UNDER OFFER * The Open Homes scheduled for Saturday 30th of April and Sunday 1st of May at 11:45am have ...
Clear View - clear motivation, clear choice
This aptly named lane with its panoramic vista across rural North Canterbury to the foothills of the Southern Alps, the ...
Unique Opportunity Beckons!!
All good things must come to an end and for our owners, after 20 years it is time to pass ...
Large Price Reduction!
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Get In Early!
• Attractive two-bedroom, open plan living, modern cottage on 4 hectares (Subject to new title) • Large triple door garage ...
Ignore all previous pricing - must be sold !
Our young owners have already purchased another property so this lovely home and lifestyle block must be sold sooner rather ...
Your Gateway to Country Living...
Are you looking for a substantial, modern home on over 4 hectares of established land? This could well be the ...
Affordable Lifestyle Living for Large and Extended Families
There is a lot on offer with this spacious 280sqm home and one-bedroom self-contained cottage set back from the road ...
Ideal First Lifestyle Unit!
Negotiable over $575,000 Excellent opportunity to purchase this entry level lifestyle property. 4.1164 hectares (10.17 acres), versatile free draining soils, ...
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Property Types
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- Cust
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- Kaiapoi
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subset: commoncrawl


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OSI-Approved Open Source (1,393)
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Education Software
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Captain Hook's Car Tour Skid, a favorite attraction of George of the Jungle
The Captain Hook's Car Tour Skid line is like a cruise across the seedy side of Tourtown. The attraction cars are made to look like Benny the Cob, and while you drive you can skid them by licking the headlights.
Ruin everything with Princess Mode
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A Pants Aflame production


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18.6% Percentage increase projected for the structured cabling systems (SCS) market in the next five years. In 2007, the SCS market is forecast to end the year at $6.8 billion and reach $15.9 billion by 2012.Source: FTM Consulting
')})(); //-->
Sigh...there are socket testers. When you fiddled around with your lamp socket using
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text:
|Name: _________________________
|Period: ___________________
This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.
Multiple Choice Questions
1. What animals are National Parks not able to protect?
(a) Larger carnivores.
(b) Field mice.
(c) Migrating birds.
(d) Owls.
2. When the bus passes through a cemetery, what plant does the narrator see?
(a) Puccoons.
(b) Silphium.
(c) Pasque-flowers.
(d) Draba.
3. According to the narrator, what is the main weakness for conservation?
(a) The lack of education.
(b) The lack of economic importance.
(c) The lack of money.
(d) The lack of support.
4. According to the narrator, wilderness for recreation is extremely what?
(a) Needed by people.
(b) Overused.
(c) Menacing.
(d) Useful.
5. The narrator states that the level of violence on the land is directly related to what?
(a) The native plants.
(b) The health of the land.
(c) The native animals.
(d) Population density.
Short Answer Questions
1. What animals do the grizzly bear eat in the spring?
2. What flower does the narrator describe as blooming in the sand?
3. When does the narrator kill his first partridge?
4. According to the narrator in Chapter 14, what is the purpose of the farms they are passing by?
5. When does the State Conservation Department begin to rebuild the river?
Short Essay Questions
1. Where is the history of the area of White Mountain recorded?
2. What does the narrator state is the main premise for ethics and the environment?
3. The narrator states that State College is more concerned with beauty and ease than with what?
4. Why does the State Conservation Department buy back land along the Flambeau River?
5. What are the conditions that the narrator's father set when he gives the narrator permission to shoot partridges?
6. According to the narrator, what do people need to do who are a part of recreational development?
7. The narrator says that he thinks getting rid of the wolves means more deer, but this isn't the case in the long run. Why?
8. What two ideas that are part of the split-rail value does the narrator say the pioneer period creates?
9. Why does the narrator say that nobody knows all the terrain on top of the White Mountain?
10. According to the narrator, what is the one thing that cheat grass is good for?
This section contains 656 words
(approx. 3 pages at 300 words per page)


text:
Welcome back,
The Universal Selection Source: Coatings Ingredients
Perfluoropolyether Functional polymers from the SpecialChem Client are available in a broad range of molecular weights and various end-group chemistries.
The SpecialChem Client is...
A SpecialChem Client is seeking a fully formulated adhesive solution, compatible for personal care application. Given the application, the biocompatibility is an absolute must and ...
A SpecialChem Client is seeking technology to provide foam control in vegetable frying oils. They are currently using silicon-based agents, and are seeking alternatives that can p...
A SpecialChem Client is seeking new corrosion inhibitors for petroleum based products that provide protection in lubricating systems against both steel and copper corrosion.
A SpecialChem Client is seeking a crosslinked space-filling material that can be weakened, degraded, or depolymerized upon external trigger. The material should be stable in moist ...
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The use of titanates in flexible packaging inks began
in the early 1970's when, as Tioxide Intermediates, we were asked
by a leading ink producer to supply Titanium Acetylacetonate as an adhesion
promoter in nitrocellulose based inks. In addition to the excellent adhesion
properties, this product, branded as TilcomTM TAA, also enhanced the water,
solvent and heat resistance properties of the ink, and was initially used
for printing NC/PU inks onto biaxially orientated co-extruded polypropylene.
By 1976 we introduced a non-freezing version - TilcomTM PI2 and both
these products are still used extensively today under the VERTECTM brand
for printing onto a variety of substrates.
Despite performing well in the inks - TilcomTM TAA and PI2, suffered
two problems - high odour and colour. In 1986, under the new name
of Tioxide Specialties, we introduced TilcomTM IA10, which was specifically
designed to avoid the problems of odour and colour that had limited the
use of the Acetylacetone based products.
By the late 1990's, the business became known as the VERTECTM business,
and our products rebranded under the now familiar VERTECTM name. VERTECTM
IA10, as it is now called, is a world leader in its field and has become
well established as the key additive to improve ink performance on flexible
packaging, although issues with ink stability and a reduced adhesion level
compared to the Acetylacetonate products meant that all 3 grades continue
to be used in various applications.
With the recent well publicised issues surrounding the use of Acetylacetone
(2,4-pentanedione) as a flavouring in food and the implications this may
have on the use of adhesion promoters containing Acetylacetone in inks
used on film for food packaging applications, we, at VERTECTM, have been
developing the next generation of Ink Adhesion Promoters, focussed on
achieving maximum adhesion without the use of Acetylacetone in the product.
As an interim stage VERTECTM Jupiter was launched to the ink industry.
This product demonstrated similar properties to IA10, at reduced concentrations
- saving our customers money through reduced material consumption.
Key though was recognition that the adhesion properties of TAA and PI2
were still proving elusive even for the JUPITER formulation.
Further extensive product development has now been concluded, and the
VERTECTM business is delighted to announce the arrival of VERTECTM NOVA.
With the step change improvement in stability and adhesion
of VERTECTM NOVA products it is now possible for solvent based ink producers
to use just ONE adhesion promoter in all their formulations, thus the
VERTECTM NOVA products have been designed to replaced IA10, PI2 and TAA,
providing a one product solution.
Additionally, we have found that the amount of ketone resins used in
some solvent based packaging inks can often be reduced by using a VERTECTM
NOVA additive, and in some cases the resin can be removed completely,
thus adding to further cost savings for the formulator.
Johnson Matthey Catalysts has been at the forefront of
Ink Adhesion promoter development and VERTECTM NOVA is the latest proprietary
range of products from the worlds leading developer of novel Organo-titanate
At VERTECTM we believe that NOVA products will be capable of replacing
ink adhesion promoters in most applications. It is truly a case of a one
product solution, and will allow the inks industry to make a significant
step forward in meeting the current and future standards required of it's
ink formulations.
The VERTECTM Business is part of the Johnson Matthey Catalyst business
and is based at Haverton, Billingham, in the North East of England. It
was formerly known under a number of business names - Tioxide Intermediates,
Tioxide Specialities and ICI VERTEC and has in the past 45 years developed
more than 50 new chemical species to satisfy the requirements of the inks
and coatings industries.
Source: Johnson Matthey Catalysts
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text:
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Some 25 theologians from all over the world will gather on 5-8 December 2006 in Cret-Berard (near Lausanne, Switzerland), to discuss why and to what extent the persistence of cruelty can be considered as an important theme for theological reflection.
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America is reeling from the worst economic crisis since the Great Depression, but the Right is obsessed with the faux outrage over the construction of a Muslim cultural center two blocks from the site of the World Trade Center.
We may be about to get the answer to that pressing Bollywood question — does size matter?
Sequiera gets her own show on the network, titled Aarti Party.
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The tips are designed to "enhance cultural awareness, avoid misunderstandings and boost performance in caring for visitors," according to VisitBritain.
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An Indian doctor in Arkansas was convicted of a bomb attack that disfigured and partially blinded the chairman of the state medical board that had
DNA evidece brings life to cold cases and delivers justice for victims.
Limbaugh issued a clarification, "I said a Hindu temple at Arizona memorial. I meant Shinto shrine. Hindus are Indian."
Yves Gomes' case has been highlighted by pro-organization groups to illustrate the unfairness of U.S. immigration policy.
Mike Pompeo said the link was mistakenly posted on the Pompeo for Congress website and then tweeted.
India ranks 78th in Newsweek magazine's ranking of the World's Best Countries. Finland tops the list, followed by Switzerland, Sweden and Australia. Canada ranked 7th
Mumbai's five star Taj Mahal Hotel, which was severely damaged in the 2008 terrorist attacks, which killed 166 people, has fully reopened after 22 months.
Inc. magazine has named four Indian Americans among the "coolest young entrepreneurs" under the age of 30: Sachin Agarwal, 30, co-founder of San Francisco's email
India accounts for nearly 1 in 8 spams worldwide, making it the world's second biggest spammer, behind the U.S., which accounts for almost a quarter
Billionaire George Soros' Quantum hedge fund has purchased a 4 percent stake in the Bombay Stock Exchange for $32 million. The deal values Asia's oldest exchange,
Citing human rights and environmental violations, India's environment ministry has barred Vedanta Resources, led by Indian billionaire Anil Agarwal, from mining bauxite for its alumina
Yahoo's editor-in chief Srinija Srinivasan is leaving the company she helped found to focus on jazz. Srinivasan, 38, who joined Yahoo in 1995 as its fifth
Both companies will have a 50 percent stake in the network.
The company raised nearly $70 million from the IPO
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As two Bay Area hedge funds melt down, nearly 100 Indian investors sue former Navin Mail CEO & Founder Vishwas Godbole and his children for orchestrating a $20 million fraud.
As two Bay Area hedge funds melt down, nearly 100 Indian investors sue former Navin Mail CEO & Founder Vishwas Godbole and his children for orchestrating a $20 million fraud.
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HOME > Laguna Beach
Laguna Beach
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Casey Reinhardt is pregnant! Full Story
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Kristin Cavallari admits she wants her husband Jay Cutler to get a vasectomy.
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Kristin Cavallari has broken her silence since news of a car accident circulated last week.
Kristin Cavallari taken to hospital after car crash in Chicago
Kristin Cavallari got into a car accident Thursday afternoon and was taken to the hospital.
Kristin Cavallari shares adorable first photo of baby girl Saylor James
Kristin Cavallari has unveiled her beautiful baby girl.
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Over 90% expectant mothers in Jharkhand unaware of health, nut...More than 90% expectant mothers in rural areas are unaware of health and nutrition issues, the Jharkhand Economic Survey 2015-16 has shown. The state has one of the country's worst maternal mortality rates. The survey, released in February, said ... Hindustan Times, 1 month ago
Over 90% expectant mothers unaware of health, nutrition - HT Syndication, 1 month ago
Jharkhands industrial performance poor: Economic Survey
2016|http://www.nerve.in/news:2535002745300|channel:India " Within industrial sector, mining and quarrying and construction have made impressive progress. " Ranchi, Feb 18 - The performance of the industrial sector in Jharkhand has remained poor mainly ...Nerve, 2 months ago Jharkhand's industrial performance poor: Economic Survey News Chennai Online, 2 months ago
More from: Prokerala, Prokerala...and 2 other sources
NCAER survey: Gujarat best state to start new business; UP, Jharkhand theworst
Gujarat, Delhi and Tamil Nadu are the best places to make fresh investments in India, while Jharkhand, Uttar Pradesh and Bihar lag on this front, a latest survey by think-tank National Council of Applied Economic Research (NCAER) has revealed. The ...Yahoo! India, 1 month ago Gujarat top state with investment potential: Survey Financial Express, 1 month ago Best states to invest in India, Gujarat tops Rediff.com, 1 month ago In '16, Gujarat has best potential for investment Times of India, 1 month ago
Jharkhand worst state for investment: Survey
The article below represents a preview only and is not meant for reuse or republishing. Ranchi, March 11 -- A national survey has adjudged Jharkhand the worst state in India for fresh investments hardly a year af t er a World Bank report rated it ...HT Syndication, 1 month ago Survey: Biz-friendly Maharashtra fail in perception test; TN tops corruption chart Firstpost.com, 1 month ago State growth has surpassed 8 pc mark: J'khand Economic Survey Business Standard, 2 months ago
J'khand made enormous progress in implementing NFSA:Eco Survey
f India | Ranchi February 22, 2016 Last Updated at 19:28 IST Jharkhand has managed to cover around 87 per cent of its rural population under the Food Security Act as against the national average of 75 per cent, according to the state's Economic Survey ...Business Standard, 2 months ago Jharkhand made enormous progress in implementing National Food Security Act: Eco Survey Economic Times, 2 months ago
Gujarat, Delhi, Tamil Nadu top states for fresh investments
The NCAER survey puts Jharkhand at the bottom of the list, just above Uttar Pradesh and Bihar New Delhi: Businesses ranked Gujarat, Delhi and Tamil Nadu as the top three states for making new investments and corruption emerged as the biggest concern ...Livemint.com, 1 month ago Gujarat, Delhi top states for fresh investments HT Syndication, 1 month ago NCAER ranks Gujarat, Delhi, Tamil Nadu as top states for making fresh investments HT Syndication, 1 month ago
Drinking water: Odisha lags behind 22 States
lags behind 22 States in drinking water supply, reveals the Economic Survey Report presented in the Parliament recently. Chandigarh is on top for drinking water supply with 99.3 per cent followed by Daman & Diu (98.7%), Pondicherry (97.8%), ...New Delhi Pioneer, 1 month ago
Pradhan Mantri Ujjwala Yojana - An initiative towards promoting clean energy
Pradhan Mantri Ujjwala Yojana : Introduction a. The Cabinet Committee on Economic affairs chaired by Prime Minister Narendra Modi approves the "Pradhan Mantri Ujjwala Yojana" which is a scheme that would provide free LPG connections to women from ...PaGaLGuY, 3 weeks ago LPG for every Indian household The Hindu, 1 month ago
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Bhubaneswar, March 15: A survey by a Bangalore-based think-tank shows that when it comes to governance, Bihar occupies the last rung among the country's 17 large states. Two other eastern states, Odisha and Jharkhand, emerge ahead of Bihar. The ...Calcutta Telegraph, 1 month ago Big on talk, low on rank Calcutta Telegraph, 1 month ago
IISc tops HRD campus survey
New Delhi, April 4: The university many in the country wanted to be closed down in the aftermath of the national-versus-anti-national debate has been marked third in the first-ever domestic ranking of educational institutions released by the Centre ...Calcutta Telegraph, 4 weeks ago
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After a number of delays, the retrial for Earl Kranz, convicted of seven counts of criminal sexual conduct against a minor, has been set.
The Hope College Board of Trustees adjourned its spring meetings on Friday, May 6, by reaffirming President John Knapp as the college's leader.
Some things are tried and true, but that doesn't mean you shouldn't try new things every once in a while, too. The Tulip Time Festival has a few new tricks up its sleeve this year. Check them out. 1. Tulip Time app A...
Take a step back in time with the Historic Dutch Trade Fair at Windmill Island Gardens. More than 100 re-enactors and historic merchants will be camped on the island Saturday, May 7, and Sunday, May 8, demonstrating their wares in a...
They dance for different reasons, but all the Dutch Dancers from Kinder to Alumni were happy when the music started and the dance began on Thursday, May 5, in Centennial Park. The Kinder Dutch Dancers performed their traditional...
Jack Reynolds, a fourth grader who is now approaching his 11th birthday, was unable to run in last year's race after a medical emergency left him needing multiple surgeries.
No gloves, a handmade leather ball, bags for bases and vintage uniforms.
"You can at the festival or be in the festival — whichever you prefer," said Susan Zalnis, marketing, public relations and entertainment coordinator for Tulip Time.
The Holland Fire Department quickly extinguished a garbage truck fire that occurred just before 4 p.m. Wednesday, May 4, on southbound U.S. 31 near South Washington Avenue in Holland. The truck, from Holland-based refuse and recycling...
There are some new opportunities this Tulip Time to get a picture with the stars of the annual festival.
Holland Directory
Business Name
Location, ST | website.com


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Marloes Coenen is convinced she won't be overpowered by Cristiane Santos when they meet again at Invicta FC 6 on Saturday.
"I think I'm a completely different fighter than three years ago," she told MMAjunkie.com Radio (www.mmajunkie.com/radio). "We work out with a group of 12 to 15 persons. Every body goes deep and everybody is screaming and sweating. That's so much better.
"When I look in the mirror, I see a difference in my muscles."
Coenen underestimated the Brazilian fighter's strength when they first met and paid the price with a third-round TKO loss to "Cyborg" in the now-defunct Strikeforce. It was her first opportunity to win a major title.
She doesn't plan on falling back again.
"['Cyborg'] completely out-powered me," she said about their January 2010 fight. "I was like, 'Ah, the girl looks tough, I can handle that.' Until I was in the cage, and she really smashed my face in."
More specifically, she said her face was like "jello pudding." But it was also was something of a badge of honor for Coenen, who held up longer amid the onslaught of Santos' ferocious punches, unlike countless others.
"I really felt good about it," Coenen said. "I proved to myself that I was a true fighter and didn't give up."
Coenen would go to drop weight and win the Strikeforce bantamweight title before losing to Miesha Tate. She then was a casualty of a dispute between her management and the promotion's parent, Zuffa, and was released from her contract.
But she never lost sight of being able to avenge her loss to Santos. Now, she gets that chance and another to win an inaugural featherweight title at Invicta FC 6, which takes place Saturday at Ameristar Casino in Kansas City, Mo. The event airs live on pay-per-view.
Three years later, Coenen (21-5) and Santos (11-1) are no longer under the Zuffa umbrella. Santos was stripped of her belt when she tested positive for steroids and spent two years on the bench with a suspension and period of contractual limbo.
The two are the highest-ranked fighters in the all-women promotion's heaviest ranks, and their rematch brings a luster to the event that might otherwise be lacking with the bulk of notable female talent residing in the UFC in the bantamweight class.
Although she could return to 135 pounds, Coenen isn't clamoring to fight in the UFC like some of her counterparts. She leaves her future in the hands of Invicta promoter Shannon Knapp, with whom she worked closely while the two worked under the Strikeforce banner.
"I'm signed exclusively (to Invicta FC) for North America," Coenen said. "It's all up to Shannon; she's my boss and she decides where I fight."
Until recently, Invicta streamed all of its events online and charged a small fee to watch. Now, the promotion is making the jump to pay-per-view, which would bring a great windfall if self-reported numbers from its early events are matched, or it could potentially put the organization deeply in the hole.
So far, a TV deal has yet to materialize, as Knapp wants to make sure it will secure Invicta's long-term future. A barnburner fight between Santos and Coenen undoubtedly would help to keep doors open, though the reality is that gap between major events and small players is bigger than ever, which makes network interest tough to attract.
Coenen, of course, is simply focused on putting on the best performance possible and avenging a loss. Santos hasn't been defeated since her first pro fight and looks no less devastating than when they first met, so she's got her work cut out for her.
At Invicta's most recent event, she sought the advice of a common opponent, Fiona Muxlow, who had lost to them both and said Santos was 20 percent more powerful.
"I was like, 'OK, that's do-able with a good strength and conditioning program,'" Coenen said. "I think that's a big difference. In the first fight, I didn't think she was more technical than I was. Actually, I think I was."
Now, it's a matter of matching that strength and defeating it with skill.
"To me, this is the biggest fight of my life," Coenen said. "I believe I'm the first fighter that got defeated by 'Cyborg' and is stepping up again. I think that's a big deal. It's the first belt that Invicta has at 145.
"I've gotten a lot of questions from journalists, like, what do you feel about the rest of this card? But I've been focusing so hard on this fight. I've been living like a monk, and I've only one goal. I want to have that gold. I want to have that belt, and prove that I'm the best fighter out there."
For the latest on Invicta FC 6, check out the MMA Rumors section of the site.
MMAjunkie.com Radio broadcasts Monday-Friday at noon ET (9 a.m. PT) live from Mandalay Bay Resort & Casino's Race & Sports Book. The show is hosted by "Gorgeous" George Garcia, MMAjunkie.com lead staff reporter John Morgan and producer Brian "Goze" Garcia. For more information or to download past episodes, go to www.mmajunkie.com/radio.
Prior to a submission loss earlier this month at Invicta FC 16, Andrea Lee tested positive for a banned diuretic and has been temporarily suspended.Filed under: News read news >>
Bellator has confirmed to Bleacher Report that its inaugural women's featherweight championship fight will take place May 20 at Bellator 155: Carvalho vs. Manhoef. Former Strikeforce women's bantamwe read news >>
Bellator will crown its inaugural women's featherweight champion in May when Marloes Coenen takes on Julia Budd.Filed under: Bellator, News read news >>
Former Strikeforce champion Marloes Coenen will face Julia Budd for the inaugural Bellator bantamweight belt. read news >>
A second title fight has been added to the card for next month's Invicta FC 17 event.Filed under: News read news >>
A second championship match-up has been added to the card for Invicta FC's return to Orange County on Saturday, May 7, as Costa Mesa, Calif., hosts Invicta FC 17. read news >>
After long putting the brakes on talk of a potential permanent move to MMA, muay Thai vet and kickboxer Tiffany Van Soest seems to have found a solid alternative.Filed under: News read news >>
In a joint announcement, Invicta FC and GLORY kickboxing reported independent agreements with striking sensation Tiffany "Time Bomb" Van Soest. read news >>
Invicta FC featherweight champion Cristiane Justino makes her long-awaited octagon debut on May 14 at UFC 198. Read more about that fight and other happenings in our latest Women's MMA Report.Filed u read news >>
Invicta FC president Shannon Knapp weighs in on Cris Cyborg's UFC debut and her own promotions bright future. read news >>


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Riviera Focacceria Italiana opens in midtown Miami
Italian owners, Italian chef at new Shops of Midtown spot.
Riviera Focacceria Italiana is now open in the Shops of Midtown in Miami, offering fresh focaccia and homemade pastas typical of the Liguria region of Italy.
The restaurant serves lunch and dinner daily from 11 a.m. to 11 p.m., said Fabio Domenichini, a restaurateur from Genova who co-owns the restaurant with Fabrizio Forciniti. Both partners also have restaurants in Italy: Domenichini's in Genova, Forciniti's in Milan.
Riviera Focacceria serves original focaccia Genovese, plain or with toppings like zucchini, peppers, potatoes, eggplant, tomatoes and Taggiasca olives, each priced from $1.50 to $3. The restaurant also offers at least six kinds of fresh homemade pasta each day, from $13 to $19, Domenichini said.
"We brought chef Massimo Travaglini from Genova to reproduce our dishes with the best quality possible," he said.
More Information
Riviera Focacceria Italiana
3252 NE First Ave., Miami
786-220-6251; rivierafocacceria.com
Hours: Lunch and dinner daily
Prices: Focaccia $1.50-$3, pasta $13-$19
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Top Definition
Yang Shen is a Russian-born Indian boy who is extremely skilled in the art of camel-top basket weaving. He has competed many times in the World Champion Camel-Top Basket Weavers Tournament, and has won in 1996, 2001, 2003, 2007 and 2011.
'Dude, did you see how fast Yang Shen weaved that basket?'
'Ye man i wanna like marry him!'
'Ye man i wanna like marry him!'
by ILoveYangShen October 08, 2011


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Katherine Heigl's Best Looks Ever
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