PetroChina Co., PTR, a management person on December 11 that the company is in Shandong, Yunnan building two refineries for a preliminary study.
Asset size measure, PetroChina is China's largest oil company.
The management said that PetroChina hope that the significant increase refining capacity, and are currently being competitors enter the China Petroleum & Chemical Corp., SNP, Shandong and Yunnan occupy the market.
He said the refinery construction plan has not yet been approved by the government. He also said that these two refineries feeding may mainly come from the Middle East and Russia from imported crude oil. He said, and Exxon Mobil Corp., XOM, and other large international oil companies, PetroChina plans to use to import materials to improve refining capacity, so that it goes far beyond the company's crude oil production capacity.
One refinery will be located in Weihai City, Shandong Province, near the city of Qingdao in China's petrochemical major refineries. He said that another proposed refinery will be located in China - Myanmar oil pipeline the end of Kunming City in Yunnan Province. The management said that the refinery, each handling capacity of at least 200800 barrels. In view of the Shandong Province independent refineries operating instability, the government decided to support the construction of new oil refineries PetroChina to ensure fuel supply.
Because of the rising price of crude oil, independent oil refineries in Shandong Province has suspended operations later this year, thus exacerbating the fuel shortage situation.
PetroChina and its parent China National Petroleum Corporation recently with Shandong, and the Yunnan provincial government signed a strategic cooperation agreement.
Source: 中华工控网 Dec. 13, 2007
PetroChina May Shandong, Yunnan Building Two Refineries
China Spot Alumina Prices Rose 9.5 % ACH May Raise Prices
Shanghai December 13 news, traders Thursday that China Spot aluminum prices in less than three weeks rose 9.5 percent to per tonne 4,200 yuan, and is expected to rise further due to strong demand.
November 27, Aluminum Corp. of China Ltd. (ACH) from its alumina selling price per ton 3,500 yuan up to a ton 3,800 yuan, before other smelters increase their alumina prices.
Aluminum Corp. of China Ltd. (ACH) is China's largest alumina and aluminum production manufacturers.
ACH alumina production accounts for about half of the country's total output. A refinery in central China's management staff, other smelters spot alumina price per ton 4,200 yuan, 11 at the end of a ton 3,800 yuan.
He said Alumina overall inventory level is very low. Traders said late last month with other smelters ACH increase alumina prices.
Antaike Information Development Company Limited, a alumina, analysts said ACH may once again increase the prices follow other smelters. Alumina is made from bauxite, is used in the production of aluminum.
Analysts said that despite increased domestic production, raise the cost of production, including bauxite and electricity price up to early February for the Spring Festival are expected to support alumina prices because domestic demand is robust.
The National Bureau of Statistics said 1-October China's aluminum production year, an increase of 50 percent to 16.12 million tons.
Source: 中国矿业网 Dec. 14, 2007
ELong New Head of the Post, People-Oriented Restore Business Confidence:Part 2
This localization color for eLong very strong enterprises, typically with a strong "offensive" American-style management is unable to meet the needs of enterprise management. Expert essence of the Chinese culture Cui Guangfu well aware, Chinese enterprises need is "friendly atmosphere," a "vigorous and resolute." Therefore, a starting Cui Guangfu set up a scholarship CEO, individuals will be invested 200,000 yuan to the annual subsidy senior managers and staff positions following the-job learning at the same time, improved working environment, the company must upgrade equipment, increase the number of staff annual leave. To ensure that new blood pouring implantation, eLong has started in College campus recruitment conducted to attract college students talents. To meet the business needs and enrich eLong pool, and in the recruitment of middle managers, Cui Guangfu was personally attended interviews managers to ensure the correct leadership of the appointment.
For the Chinese-style management ideas, Wall Street also given recognition, it is reported that, "eLong again need to establish their own cultural identity. Composed of non-Chinese Expedia management intervention for too much decision-making process, the appointment of Chinese CEO Cui Guangfu It is the first step towards the right direction "and Cui Guangfu took office in the same time, despite eLong's third-quarter earnings report unsatisfactory, but the Nasdaq market or in the several days in a row up to express support for the newly appointed and certainly.
Emphasis on customer satisfaction as the center of service
Cui Guangfu after taking office the first two days, it has found a call center managers to improve business processes. In the days after, he took time every day to understand the work and call center processes, and personally redesigned it in call centers, a decrease of 1 / 2 of unnecessary language. After a series of reforms, is now the fastest eLong booking a ticket only need 36 seconds ...
In Cui Guangfu view, in 2008 the Chinese online travel market, and five years ago has been completely different, competition among enterprises is not simply rely on the new technology can be achieved, and the single market may not be able to gimmicks widespread attention among consumers . "Customers, especially those loyal customers is the driving force for the development of enterprises, no they would not have eLong today, there will be no more eLong tomorrow," With years of B2C experience Cui Guangfu very clear that the key to the development of eLong. To this end, eLong upgrade the overall speed of the call center reservations. At the same time, will the end of the year to service both domestic and international air travel time by 7 × 11 hours adjusted to 7 × 24-hour service.
The traditional Chinese thinking is the humanities in product design follow. From just past November 1, eLong started "online ordering hotels, Cheong enjoy three times the integral", which is all domestic online travel brands in the most favorable option. -- Activities period, the online booking hotels, and success will be based on points for the three times Integral (VIP Member 4.5 times, Lung and Crafts Member six times); December 1, flight reservation if no delivery, and since take a trip or receive mail alone, but also immediate access to three times the integral feedback; now played on December 31, all through eLong successful ticket booking hotels or guest, can be free prints 30 6-inch digital photos. Moreover, the use of eLong joint card with the CCB "eLong Cheong Hang Brunca" first successful booking hotels for 40 yuan cash gifts products. The first successful air ticket booking hotels or products gold card users will be 2000 points, ordinary card customers will be 1,000 points ...
"This is not a simple integration activities, but eLong for an old customer feedback - in the last few years, they have been quietly supporting the development of eLong, no they did not eLong today." Cui Guangfu who he is not eLong understanding of the customer full of Thanksgiving, "on the other hand, we would also like to those who have just become our customers, or has yet to become a friend of our customers, eLong done is to allow you to experience every time eLong unparalleled service. "
Gantry jumps
They went through the ups and downs over the past two years, eLong need now actually is a belief that a win convictions.
"Know your customer's real needs and solve customers want and unexpected problems, and then the customer trust online travel service provider, is the core of the work of eLong." Cui Guangfu firmly and confidently said, "Although the competition in the market eLong , in the second position, but we believe that, if won the hearts of customers, we will eventually win market leadership position. "
Beijing Olympics has given everyone a chance of success, eLong is no exception. We look forward to see Cui Guangfu eLong in the lead, the goal jumps, and truly become a glittering dragon.
Source: 新快报 Bai Ming Dec. 1, 2007
Link:
ELong New Head of the Post, People-Oriented Restore Business Confidence:Part 1
ELong New Head of the Post, People-Oriented Restore Business Confidence:Part 2
ELong New Head of the Post, People-Oriented Restore Business Confidence:Part 1
October 8, when Cui Guangfu first sitting at his desk eLong CEO, would not satisfactory financial report has not shaken any of his confidence, "I am pleased that in this present both challenges and opportunities of the moment to join eLong the company, I will continue the company's ongoing transformation, eLong efforts to become a more companies create strong companies. "
Although many people have pointed out numerous times, in the scale of challenges and opportunities, all sorts of factors have to face too much pressure eLong. However, as the well-known financial blog website Seeking Alpha analysis noted, the current eLong good assets, cash reserves to 156 million US dollars, and there is no liability; eLong has since listed the total annual revenue growth of 20 percent or more in the next 1 , should be close to 50 million US dollars. At the same time, eLong nor small-scale enterprises, as China's second largest online travel businesses, eLong has more than 2,000 employees. While Expedia shareholdings in eLong, but also to bring the confidence of investors - after all, in the global online travel market, Expedia not only plays the role of super businessmen, it is a successful model.
P & G has in the FedEx Kinko's work and years of Cui Guangfu even clearer understanding that the term of office in order to record a good performance, especially with the 2008 Beijing Olympics the opportunity to eLong can rise up suddenly, by relying on nothing more than the team is united enterprise customer support and market recognition, which is the current efforts to improve the eLong.
The establishment of a "people-oriented" enterprise culture
In 2007, "11" has just passed, eLong several call center employees received from the CEO Cui Guangfu of an e-mail, the contents of the letter is very simple, just to eat lunch together about their casual chat.
"Frontline staff the best understanding of the actual situation of the company, decision-making at the same time many companies to pass messages to customers. Them more exchanges and can be the most direct customer feedback from companies, but also can help me on some of the company's strategic thinking that. "Cui Guangfu values and staff exchanges, once there, he will be invited to 7-8 months frontline staff had lunch together, the understanding of their work, listen to their opinions and suggestions company.
Before joining eLong, Cui Guangfu has held FedEx Kinko's managing director in China. In his term of four years, FedEx Kinko's rapidly growing field of Digital Printing for the domestic market leader, the country has 16 service centers and 300 employees. The FedEx Kinko's in office before Cui Guangfu more in P & G China Limited work over 12 years, P & G companies in China for the distributor and retail network coverage system set up to a leadership role.
Although P & G to FedEx Kinko's, and then to the eLong now, the three companies are very different in their respective industries, but their fundamental is the same, and that is a strong sense of identity with employees and enthusiasm. Foreign investment in China for many years in charge of the management of enterprises, Cui Guangfu can clearly see that, encouraged by the staff morale, enhance their sense of honor and the establishment of the company people-centered corporate culture, has a very important significance. Any international management companies need a strategy of localization process, how we can properly implement the parent company of sound strategic approach and local companies to digest integration as a strategy for the development of enterprises in China for the progress is essential.
Link:
ELong New Head of the Post, People-Oriented Restore Business Confidence:Part 1
ELong New Head of the Post, People-Oriented Restore Business Confidence:Part 2
Yang Ning: KongZhong Greatest Success to the Wireless Internet Portal Upgrade
Last year, China's mobile operators have to keep a low profile or high-profile or to the "comprehensive information service provider", a large scale value-added services to the upstream areas of forward and with the content providers (CP) direct cooperation, the scenery has unlimited mobile value-added services providers (SP) of space for an unprecedented squeeze profits.
In July 2006, the Ministry of Information Industry launched against the SP "second confirmation" new policy requiring users must again confirm whether or not a purchase order business relationship can be. The domestic policy in a short period of time led to several Nasdaq-listed SP - KongZhong, Hurray, Linktone were varying degrees layoffs. KongZhong three consecutive quarter total revenue fell, in accordance with United States generally accepted accounting principles, KongZhong 2007 first quarter net profit of 1.56 million US dollars, up down 82%; second quarter net profit more drop of 10,000 US dollars.
Let outsiders surprised that, as of September 30 the third quarter fuels virtually all of the KongZhong quarter net profit also rose to 540,000 US dollars. Chairman and CEO Zhou Yunfan said that the third-quarter rebound performance, "mainly due to our mobile advertising revenues continued to grow, and our continuing implementation of effective cost control measures." KongZhong expected, do the same trend, the fourth quarter of this year revenues in the third quarter based on an increase of 1 million US dollars.
In competitors huge losses, or to withdraw from the market or on the lower reaches of content providers combined with the restructuring of the roads, this had on MMS and mobile games download large profits earned special SP, now in the wireless Internet portal hope that the mobile phone advertising harvest was on the third quarter earnings to the bright lights of its greater lung power - its mobile advertising revenue for five consecutive quarters of steady growth, reaching 265,000 US dollars, sequentially increased 19%.
"The recent two years, KongZhong greatest success is achieved from traditional to wireless Internet portal SP upgrades, and 'free content + advertising' that the traditional media and Internet proven profitable model transplanted to the wireless Internet." KongZhong president Yang Ning said.
In May 2007, China Mobile introduced a series of new policies, including the WAP mobile phone users to download product, indicate GPRS service costs reminded, and will KongZhong and other third-party service providers from China WAP mobile phone built-in menu customization deleted . Affected by this, KongZhong quarter 2.5G services (including WAP, MMS and Java technology) revenue fell 32 percent. Zhou Yunfan said at the time: "what we can do is to focus on new product development and promotion, to compensate for the losses caused by the new policy." He said to boost the morale of investors is expected to cell phone advertising business development within the next two years in strength, and ultimately make up for the companies in the wireless value-added services in the loss.
Compared with the wireless value-added services, from wireless Internet business operators by the relatively small number of restrictions, KongZhong that end has invested tens of millions of dollars, and good to fulfill the mission of the business also maintained a strong momentum of growth. 2007 first quarter, KongZhong wireless advertising sales than the fourth quarter of 2006 increased nearly 30 percent. KongZhong is expected in 2007 its advertising revenue from mobile phones will reach 1 million US dollars a year to achieve five times the growth of three to five years, wireless Internet business to mature, "can contribute to the whole company profits."
"We believe that the wireless Internet has just started, like a 2000 Internet the same." Yang Ning said, "China has 500 million mobile phone users, Internet phones have the opportunity to fully develop into a major industry." As early as last year, then brand KongZhong one of the media sector KongZhong wireless Internet has changed to the Department, this year in May since mid-KongZhong "mobile phone Internet, on the previous KongZhong" advertising landing Beijing main streets, subway stations and bus body. KongZhong firmly believe that wireless advertising with Internet advertising will embark on the same road.
The successful structures in the interactive entertainment platforms, information and community, and other 150 channels and columns, KongZhong formally proposed this year, media strategy, established the contents of the adhesion to win users to the users win profitable advertising revenue ideas, and in this line of thought under its comprehensive integration of product and market resources.
June 29, KongZhong announced an agreement with MSN China to become Mobile Messenger 3.0 information channels and mobile games channel in China's exclusive content providers. July 19, KongZhong announced with the famous phone browser developer Opera cooperation and common development for the Chinese mobile phone users, "KongZhongOpera" browser solutions, and KongZhong wireless Internet portal Kong.net as default Home. In September, KongZhong also formally announced a cooperation with the NBA, the NBA launched the official website of Chinese mobile phone.
Yang Ning told reporters, currently KongZhong phone advertising clients have included Nike, Red Bull, Blackberry, Motorola, Nokia and BMW, and other famous brands. "With the passage of time, various sectors of our well-known businesses will be interested in the advertising services," founder of the Chinaren, Sohu question for two years in the Yang Ning sure, "We do not anxious to wireless Internet, if you want to do media , inputs certainly very great. me to do when Chinaren and Sohu, have experienced a prolonged period of market development, spent 90 million dollars Sina, Sohu spent 60 million dollars to a profit. that many companies do not have confidence in the money, successively left, the results remain have become very great company. "
Source: 商务周刊 Dec. 8, 2007