A deal is a deal: why monthly rents are out

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Jeff Koviak Promoted To VP And GM North America Aftermarket, Tenneco

first_imgLAKE FOREST, Ill. – Tenneco announced that Jeff Koviak has been promoted to the position of vice president and general manager of the company’s North America aftermarket division. Koviak succeeds Joe Pomaranski, who has been elevated to the newly created position of senior vice president and general manager, global aftermarket. Koviak originally joined Tenneco in 1992 as Walker sales territory manager and has held positions of increasing responsibility before assuming his current role as director of U.S. and Canadian sales in 2009. The data is from the US Bureau of Economic Analysis, via the Federal Reserve Bank of St. Louis. Koviak holds both an associate’s degree in automotive aftermarket management and a bachelor’s degree in business administration from Northwood University.AdvertisementClick Here to Read MoreAdvertisement,This “Data Did You Know” item comes from Babcox Media Audience Insights Manager Bruce Kratofil:AdvertisementClick Here to Read MoreAdvertisement “Jeff brings many years of experience to his new position as vice president and general manager,” Pomaranski said. “His relentless customer focus and background with Tenneco have made him well suited to assume his new position.” Koviak will report to Pomaranski and will be responsible for all aspects of the North America aftermarket business including aftermarket plant operations, engineering, sales/marketing, strategic planning and business development. Auto and light truck sales continued their rebound in September, when sales were 16.34 million at a seasonally adjusted annual rate. That compares to last September, when they were 17.08 million, and this April when they were 8.71 million. At least for now, the sales rebound has compressed into a couple of months what took a couple of years after the 2008-‘09 recession. last_img read more

New hydrogen and air separation units in operation for Linde

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ASCO Group Appoints New CEO for Australasia

first_imgThe ASCO Group, a leading international oil and gas services company, has announced that it has appointed Matt Thomas as Chief Executive Officer (CEO) of its Australasia region, effective 3rd June 2013.Matt joins ASCO from one of the of the world’s leading inspection and certification companies, SGS, where he held the position of Senior Vice President Minerals for its North American region. Matt has also held senior executive positions across the Australasia and Asia Pacific region with Coffey International, NACCO Materials Handling and BOOM Logistics.The position of CEO Australasia is a new role and represents the Group’s growing commitment to the region. Matt reports to Derek Smith and will be part of the Group’s executive leadership team. He will be based in the company’s Perth office in Western Australia.Derek Smith, ASCO Group CEO, commented:“Our Australasia region is one that has seen significant growth since we first commenced business there in Singapore in 2009 and we are quickly establishing ourselves as one of the market leaders in our field.“Throughout his career, Matt has demonstrated a high degree of competency in developing and implementing strategic plans to grow businesses and their EBIT (earnings before interest and tax) margins as well as an impressive track record of managing complex technical businesses. Under his leadership, we’ll be growing the ASCO Australasia business further whilst demonstrating our reliability and capability to provide a complete range of logistics, environmental, consultancy, training, marine, freight and logistics technology services supporting the oil and gas sector.”ASCO currently has bases in Darwin and Perth in Australia as well as a freight logistics hub in Singapore. Last year, ASCO was awarded the contract by the Northern Territory government to build and operate a Marine Supply Base in Darwin, Australia. Work on the $110 million base will be completed by the end of 2013. In late 2012, the ASCO Group also acquired Brisbane-based logistics, analytics and technology company, Oniqua.[mappress]Press Release, June 3, 2013last_img read more

Solicitors acquitted of mortgage fraud

first_imgThree solicitors have been acquitted of involvement in an alleged £50m commercial mortgage fraud, while the jury was unable to reach a verdict in relation to three others. Hardeep Sodhi, who at the time of the alleged offences was a solicitor at Birmingham firm Patwa; Simon Lawrence, at the time a partner at Edgware firm Darlingtons; and Mark Knights, at the time employed at Manchester firm Mace & Jones, were found not guilty by a jury at Southwark Crown Court following a four-month trial. The jury was discharged on Tuesday after failing to reach agreement in relation to three other defendants: Fatema Patwa, at the time sole principal of Birmingham firm Patwa, Laurence Ferrigan, at the time a partner at East London firm the CFB Partnership, and Kamran Malik, at the time a partner Birmingham firm A&H. Sodhi was acquitted of two counts of conspiracy to obtain money transfers by deception and two counts of obtaining a money transfer by deception. Lawrence was acquitted of two counts of conspiracy to obtain money transfers by deception. Knights was acquitted of three counts of obtaining a money transfer by deception. The three solicitors on whom the jury failed to reach a verdict all deny the charges against them. Patwa was charged with two counts of conspiracy to obtain money orders by deception and three counts of dishonestly obtaining a money order. Ferrigan was charged with two counts of conspiracy to obtain money transfers by deception and two counts of obtaining a money transfer by deception. Malik was charged with three counts of obtaining a money transfer by deception. Two other defendants, Ian McGarry, at the time a chartered surveyor with Dunlop Haywards Lorenz, and Saghir Afzal, a company director and property owner, had previously pleaded guilty to charges of conspiracy to obtain money transfers by deception and dishonestly obtaining a money order. The case followed a complaint made to West Midlands Police by the Cheshire Building Society in March 2006. The trial related to a series of alleged commercial mortgage frauds worth a total of nearly £50m. The SFO alleged that the defendants had ‘participated in a series of frauds whereby they dishonestly obtained loans from banks or building societies that were secured on six commercial investment properties’. McGarry and Afzal will be sentenced on 13 June, by which date the SFO must decide whether to pursue a re-trial in relation to Patwa, Ferrigan and Malik.last_img read more

Victorian fiction

first_imgStay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.Limited access to building.co.ukBreaking industry news as it happensBreaking, daily and weekly e-newsletters To continue enjoying Building.co.uk, sign up for free guest accessExisting subscriber? LOGIN Get your free guest access  SIGN UP TODAY Subscribe to Building today and you will benefit from:Unlimited access to all stories including expert analysis and comment from industry leadersOur league tables, cost models and economics dataOur online archive of over 10,000 articlesBuilding magazine digital editionsBuilding magazine print editionsPrinted/digital supplementsSubscribe now for unlimited access.View our subscription options and join our community Subscribe now for unlimited accesslast_img read more

PCN ramps up with Ramps Logistics

first_imgEstablished in 1985, Ramps Logistics now employs 51 staff and offers a wide range of logistics services including out-of-gauge and project cargo shipping, vessel and aircraft charters, and specialised cargo handling.  www.rampslogistics.comwww.projectcargonetwork.comlast_img

ALE marks Kazakh milestone

first_imgThe first phase of the refinery expansion project was completed in 2006, while the second phase drew to a close in 2011.For the third phase of the expansion project, ALE was contracted to deliver 50 units of heavy and oversize cargo, with pieces measuring up to 35 m long by 8.8 m wide, and weights reaching up to 315 tonnes.The cargo arrived into Atyrau River Port on eight shallow draft barges within a three-month period. To comply with road restrictions ALE used over 70 axles of conventional trailers and a number of heavy tractor units to deliver the cargo from the port to the site.The equipment was transported by road through the suburbs of Atyrau, which meant that ALE had to conduct movement during the early hours of Sunday mornings with the support of road police, which arranged the closure of central city roads.As well as delivering all cargo to the site, ALE used its 750-tonne capacity crawler crane to install nine heavy vessels over a five-month period at the refinery.”This project is the biggest we have secured for the region, providing a comprehensive range of services and equipment,” said ALE’s general manager in Kazakhstan, Ali Yoldashov. “By providing the road surveys, transport arrangements, route alterations, transportation approvals and liaising with the local authorities, we could provide the turnkey solution to ensure the project schedule was met.”  www.ale-heavylift.comlast_img read more

Pointers September 2010

first_imgThe government of Oman is to launch feasibility studies for a rail link from Duqm to Salalah via Shuwaymiyah and Thamrait, augmenting the 1000 km network now under development. Tenders have been invited for project management of the initial stages, which would connect Masquat with Sohar, Al Aïn, Duqm and Khamat Malaha on the border with UAE. Construction is expected to get underway by the end of 2012. According to General Manager Jorge Eduardo Carrera, Ecuador Railways has completed 32% of a US$245m programme to reopen the 456 km Quito – Durán route by 2012, at a cost of $50m. Durán – Yaguachi has become the latest section to reopen to passenger traffic, primarily aimed at the tourist market. Spanish infrastructure authority ADIF is planning to establish a railway technology centre at Málaga to undertake research and development. This would be complemented by a test circuit to be built at Bobadilla on the Málaga – Córdoba route. Bulgarian Prime Minister Boyko Borisov has announced proposals to seek a ‘strategic partner’ to revitalise the country’s rail network, and to apply for World Bank funding to support infrastructure manager NRIC and train operator BDZ-EAD. Having restored regular passenger service to the Basavilbaso – Villaguay and Paraná – Concepción del Uruguay routes (RG 1.10 p25), Argentinian operator Uefer was due to start running between Paraná and Oro Verde on September 1. This would be followed by Paraná – La Picada as the first phase of reopening the route to Federal said Carlos Molina, Transport Secretary for the province of Entre Ríos. Mozambique and Botswana have signed a memorandum of understanding to develop a deep-water port at Techobanine Point in Mozambique, served by a 1100 km railway through Zimbabwe to carry coal from Serule in Botswana at an estimated cost of US$7bn. The governments envisage that the port and railway could be built with private finance and leased to an operating concessionaire. With funding from the Languedoc-Roussillon region and the Pyrénées-Orientales département, SNCF is undertaking a study to determine a rolling stock strategy for its metre-gauge route between Villefranche-de-Conflent and Latour-de-Carol. Now the oldest trains in regular service on the French national network, most of the existing 850 V DC third rail fleet was built between 1908 and 1912.last_img read more

Knorr-Bremse buys TMD Friction’s rail activities

first_imgEUROPE: Knorr-Bremse Group has acquired the railway brake pad development and manufacturing activities of Nisshinbo Holdings subsidiary TMD Friction.TMD Friction’s entire rail sector portfolio and its site at Manchester in the UK are being transferred to Knorr-Bremse. The facility at Coswig in Germany is being retained by TMD Friction and will be dedicated to commercial vehicle and industrial products. Terms of the transaction were not disclosed.‘Through the acquisition of the rail transport activities of TMD Friction we are strengthening both our market position and our know-how in friction materials,’ said Klaus Deller, Chairman of the Knorr-Bremse executive board, on February 8. ‘Being able to develop braking systems and friction materials from start to finish will help us further improve braking effects, reduce noise and cut life-cycle costs, benefitting our customers and the environment.’Knorr-Bremse acquired North American manufacturer Anchor Brake Shoes in 2008, and in 2010 it formed a joint venture with ICER Rail to supply organic brake pads and shoes complying with UIC standards.last_img read more

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