Asian Activities Report for January 12, 2012: Wuliangye (SHE:000858) Total Revenue in 2011 Topped the Chinese Liquor Industry
Sydney, Jan 12, 2012 AEST (ABN Newswire) - China's liquor maker Wuliangye (SHE:000858) says that the Group has topped the Chinese liquor industry by achieving a total revenue of RMB 20.2 billion in 2011. Its net profit and earnings per share both increased by over 40%. Sales is expected to continue to grow in 2012, targeting RMB 50 billion in 2012. In 2011, Wuliangye was in the third place among China's 100 Most Valuable Brands, with a brad value of RMB 58.626 billion. The Group is actively expanding overseas markets in Korea, Japan and the USA. It is currently working with Lotte Group of Korea to market its products into the Korean market.
Logitech International (NASDAQ:LOGI) has unveiled Logitech HD Pro 920, the Company's first video webcam that makes video calls at full HD resolution. Logitech HD Pro 920 can send 1,080p video streams during Skype chats and 720p through Windows Live Messenger, with smoother video motion and better image quality. The webcam can also capture digital still images of up to 15 megapixels in quality. Logitech HD Pro 920 is expected to hit the market in January, 2012.
Toyo Engineering Corporation (TYO:6330) has won a contract to install topsides units for a Floating Production, Storage and Offloading (FPSO) system to be used in oilfield exploitation in Brazil. This is the twenty-eighth project to be executed by Toyo in Brazil. Toyo is striving to secure more overseas opportunities and to expand its business in the field of upstream activities such as resource development and FPSO.
NEC Corporation (TYO:6701) has announced the successful experimental demonstration of 1.15-Tb/s ultra-long haul optical transmission over 10,000 kilometers using optical superchannel technology. This is the first instance that a terabit/s channel generated from a single laser source has been transmitted over such a distance. The results clearly demonstrate that practical high-capacity transmission for transoceanic communication can be achieved using cost-effective superchannel technology.
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Wuliangye Yibin Co., Ltd
Toyo Engineering Corporation