Air Filtration Insights  

No. 37 October 2014       

 

 

 

WELCOME

This bi-weekly Air Filtration Insight provides excerpts from the McIlvaine Air Filtration and Purification World Markets.  It also provides excerpts from related publications. The market report provides the latest forecasts, market shares and insights relative to technology and opportunities. 

 

·       GDP Update Headlines - September/October 2014

·       Semiconductor Industry Update Headlines - September 2014

·       Flat Panel Display (LCD) Industry Update Headlines  – September 2014

·       World Power Generation Headlines - Revision Date:  October 1, 2014

 

 

 

GDP UPDATE HEADLINES

 

September/October 2014

 

TABLE OF CONTENTS

 

AMERICAS

United States

Argentina

ASIA

Australia

China

India

Malaysia

Singapore

EUROPE / AFRICA / MIDDLE EAST

Africa

Germany

Greece

Nigeria

Switzerland

United Arab Emirates

 

 

AMERICAS

 

United States

The Bureau of Economic Analysis released its third estimate of real gross domestic product for the second quarter of 2014 — covering April, May and June of this year. The release showed output in the U.S. increasing at an annual rate of 4.6%. This is relative to the first quarter when real GDP declined a sharp 2.1%.  (The remaining text is not included in this sample.)

 

Argentina

Argentina’s gross domestic product was unchanged in the second quarter from a year earlier, the government, reviving doubts over the veracity of the data after JPMorgan Chase & Co. estimated a 1.7% contraction.

 

First-quarter figures were also revised to an expansion of 0.3% from a 0.2% contraction, the national statistics agency said. From the previous three months, the economy grew 0.9% after shrinking for two quarters. (The remaining text is not included in this sample.)

 

 

ASIA

Australia

Global growth will improve to around 3.5% year-on-year throughout 2015 and 2016, as US and India experience faster growth and Latin America normalizes, NAB said in an update of its global and Australian forecasts.

 

However, the report downwardly revised forecasts for Australian economic growth, amid a weaker third quarter and deteriorating terms of trade. NAB expects GDP growth at 2.8% during fiscal 2015, down 0.1%, and 3.2% for fiscal 2016, down 0.2%. (The remaining text is not included in this sample.)

China

China's economy likely grew at its weakest pace in more than five years in the third quarter as a property downturn weighed on demand, a Reuters poll showed, raising the chances of more aggressive policy steps that may include cutting interest rates.

 

The economy may have expanded 7.3% in the third quarter from a year earlier - the weakest reading since the first quarter of 2009, when growth hit 6.6% during the height of the global crisis, according to a poll of 20 economists.

 

None of the economists believed Q3 growth will dip below 7%, although four penciled in 7.1% and one expected 7%.  (The remaining text is not included in this sample.)

 

India

Come 2015 economy watchers and experts will have more updated GDP data to analyze the Indian economy that is showing signs of reversing two years of slump. The statistics office said that the base year of GDP will be revised to 2011-12 and the new data will be available from 2015.

 

The overhaul of the GDP is expected to expand the size of the Indian economy, due to broadening of coverage of unorganized sectors, agriculture and corporate sector.

 

"In accordance with the recommendation of the National Statistical Commission to revise the base year of all economic indices every five years, it is proposed to revise the base year of national accounts from 2004-05 to 2011-12 in 2015," ministry of statistics and program implementation said.  (The remaining text is not included in this sample.)

 

Malaysia

Malaysia is accelerating infrastructure investment as Prime Minister Najib Razak leans on public expenditure to boost growth amid concern subsidy cuts and a new consumption tax will curb private spending.

 

The government will start work on projects such as highways and rail worth at least 75 billion ringgit ($23 billion), Najib said in a budget speech in Kuala Lumpur today. He announced wider exemptions of items under the goods and services tax to reduce the impact of the levy, as the finance ministry targets growth of as much as 6% this year and next.

 

The central bank kept its benchmark interest rate unchanged last month after an increase in July and said it will assess the balance of risks between the outlook for growth and inflation when considering further policy moves.  (The remaining text is not included in this sample.)

 

Singapore

Singapore’s central bank is keeping monetary policy steady despite the economy’s sluggish growth, signaling greater worry about inflationary pressures than the possibility of a slowdown.

 

The government reported that third-quarter gross domestic product rose 1.2% on quarter on a seasonally adjusted and annualized basis, according to advance estimates. The measure is below a 2.2% growth forecast by economists in a Dow Jones poll, though a reversal of a 0.1% contraction in the second quarter.  (The remaining text is not included in this sample.)

 

EUROPE / AFRICA / MIDDLE EAST

 

Africa

On Sept. 30, Kenya announced the results of its “rebasing”—a recalculation of its gross domestic product to include previously unaccounted-for economic activity. Its GDP expanded 25.3%, to $55.2 billion, moving it up several rungs on the list of Africa’s largest economies, to 9th. The government adjusted its 2013 growth rate from 4.7% to 5.7%.

 

Kenya’s is the latest in a series of rebasings that have reinforced investors’ perception of the area’s growth potential. Even as Ebola ravages West Africa and civil war devastates the Democratic Republic of Congo, many of the other economies in the region remain dynamic: The International Monetary Fund predicts sub-Saharan growth will be 5.8% next year, up from an estimated 5.1% for 2014.  (The remaining text is not included in this sample.)

Greece

Greece revised data on last year's gross domestic product, showing its economy shrank by 3.3% for the year as a whole, less than a previous estimate of a 3.9% contraction.

(The remaining text is not included in this sample.)

Nigeria

Nigeria gross domestic product (GDP), is expected to increase by another 20% to make it a competitive Information and Communication Technology hub through foreign investments shortly after the Gulf Information Technology Exhibition (GITEX) holding in Dubai, the United Arab Emirate.

 

“Nigeria and Dubai are formidable in terms of ICT and when we come together, we share experiences and compare notes for future use. This event is going to be a partnership that is far from learning, “he said.  (The remaining text is not included in this sample.)

Switzerland

Switzerland has reduced its economic growth forecasts on the back of the declining performance of its main trading partners in Europe, most notably Germany. Gross domestic product (GDP) is now tipped to expand 1.8% this year, rather than 2%.

 

The State Secretariat for Economic Affairs (SECO) has also cut GDP growth predictions to 2.4% for 2015, down from the 2.6% it forecast earlier this year. But SECO warned that changes to the way it calculates growth make a direct comparison between these figures difficult.  (The remaining text is not included in this sample.)

United Arab Emirates

Falling oil prices won’t hurt the gross domestic product growth of the UAE this year, a Ministry of Economy official told reporters recently.

 

“Oil accounts for less than 30% of our GDP, so there will be no impact. The UAE economy is now very diversified,” said Mohammed Ahmed bin Abdul Aziz Al Shehhi, undersecretary at the ministry.  (The remaining text is not included in this sample.)

 

For more information on: Air Filtration and Purification World Markets, click http://home.mcilvainecompany.com/index.php/markets/2-uncategorised/108-n022.

 

SEMICONDUCTOR INDUSTRY UPDATE

September 2014

TABLE OF CONTENTS

 

The Colleges of Nanoscale Science and Engineering (CNSE) at SUNY Polytechnic Institute

Murata to acquire Peregrine Semiconductor

Infineon to acquire U.S.-based Semiconductor Company

SMIC and JCET Establish a Joint Venture

Fairchild to Shut Down Penang, Bucheon Fab Lines

Eon Silicon, China Sigma Team Up for NAND Flash

Toshiba, SanDisk Open Semiconductor Fab 5

UMC joins Fujitsu’s New Foundry Company

Google Developing Quantum Computing Chip

 

FLAT PANEL DISPLAY (LCD) INDUSTRY UPDATE

September 2014

TABLE OF CONTENTS

 

CSOT opens New 6G LTPS Facilities

Japan Firms in New Push for OLED

Sharp expands Production at Kameyama Fab

Cree and Lextar Electronics announce LED Cooperation

LG Display opens First Overseas LCD Panel Plant in China

 

For more information on: Air Filtration and Purification World Markets, click http://home.mcilvainecompany.com/index.php/markets/2-uncategorised/108-n022.

 

World Power Generation Projects

 

 

 

 

This includes only projects where there was an update during the month.  There are thousands of projects in the database.

 

Revision Date:  October 1, 2014

 

 

Project Title

First Entry Date

Location

Startup date

 Volta River Authority power plant

10/1/2014

Ghana

2018

 Kothagudem power plant

10/1/2014

India

2018

 Manuguru power plant

10/1/2014

India

2017

 Hirono IGCC power plant-TEPCO

10/1/2014

Japan

Unknown

 Nakoso IGCC Power Plant-TEPCO

10/1/2014

Japan

Unknown

 Hub power project

10/1/2014

Pakistan

2018

 Sunon Asogli- Shenzhen Energy power project in Ghana

7/1/2013

Ghana

2016

 Malaysia Energy Commission Power Plants

12/1/2012

Malaysia

2019

 Ennore SEZ supercritical power plant-Tamil Nadu Generation and Distribution

8/1/2012

India

Unknown

 Myeik ultra supercritical power plant

3/1/2012

Myanmar

2019

 Jimah ultra supercritical expansion

12/1/2010

Malaysia

2019

 Davao City CFB power plant-Aboitiz Power (Thermo South)/SMC Global Power

9/1/2010

Philippines

2015

 Calaca CFB expansion-Trans-Asia Oil and Energy Dev./AC Holdings

8/1/2010

Philippines

2016

 Atucha 3 power plant

7/1/2010

Argentina

Unknown

 Vinh Hai 2-1,2

6/1/2010

Vietnam

2022

 Meja supercritical power plant-NTPC

7/1/2009

India

2017

 Shree Singaji II supercritical power project-Madhya Pradesh Power Gen.Co.

2/1/2009

India

2018

 Balingian CFB power project-Sarawak Energy

6/1/2008

Malaysia

2018

 Cernavoda 3 and 4 nuclear power plant-EnergoNuclear

6/1/2008

Romania

Unknown

 Hassyan clean coal-Dubai Electricity and Water Authority (Dewa)

3/1/2008

United Arab Emirates

2021

 Kpone GT expansion - Volta River Authority

11/1/2007

Ghana

2017

 Transition Power Blue Castle nuclear power plant

10/1/2007

UT

2020

 Hongyanhe 1-6 nuclear power plant-CGNPC

9/1/2007

China

2016

 Olkiluoto 3 Nuclear power plant-TVO

6/1/2007

Finland

2018

 Hinkley Point C-British Energy (now EDF) nuclear power plants

6/1/2007

UK

2025

 Naga CFB plant-Kepco Cebu Corp./Salcon Power

4/1/2005

Philippines

2011

 Visakhapatnam (Vizag) 1,2-Hinduja National Power Corp.

 

India

2019

 

New power generation projects are tracked in two publications. Fossil and Nuclear Power Generation includes both market forecasts and project data. World Power Generation Projects has just the project data.

 

 

For more information on World Power Generation Projects, click on: http://home.mcilvainecompany.com/index.php/databases/28-energy/486-40ai

 

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Bob McIlvaine, President
847 784 0012 ext 112

rmcilvaine@mcilvainecompany.com

www.mcilvainecompany.com