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Natural Systems Utilities Has Announced Executive Leadership Changes

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Natural Systems Utilities

Hillsborough, NJ – Following the closing of the acquisition of Natural Systems Utilities (NSU) by Nijhuis Saur Industries, Saur’s Industrial Water Solutions Division in January this year, we are delighted to announce the following changes in the Executive Leadership Team as part of the implementation of our accelerated growth strategy and the successful integration in NSI’s global organization. 

Effective June 1, 2024 Zach Gallagher has been promoted to President & Chief Executive Officer. Zach’s exceptional leadership and vision in his previous role as COO have been instrumental in the company’s success, and we are confident that he will lead NSU to new heights in his new role.

 

Debbie Burke has been promoted to Chief Administrative & Human Resources Officer. Debbie has consistently demonstrated her commitment to the team’s well-being and organizational efficiency. Her expanded role will allow her to further enhance our administrative and HR functions and support the expansion of the team.

Jen Cohn will be promoted to Vice President of Finance and Treasurer. Jen’s financial acumen and strategic insights have been invaluable, and we are excited to see her take on this critical leadership position.

Additionally, Bill Massa stepped down as Chief Executive Officer to serve as an Advisor to NSU. Bill’s leadership and dedication have been pivotal in our achievements, and we are grateful for his continued support in his new advisory role.

 

Bill Massa comments “It has been an honor and a privilege to work with this incredible team. I am extremely proud of what we have accomplished together. I leave the day to day business knowing that the leadership of this company is in great and experienced hands and we are now part of a market-leading company. Together with our group, Zach, Deb, and Jen will undoubtedly drive NSU to new successes. I look forward to continuing to support NSU in my new role and supporting the company’s continued growth and achievements.”

Zach  Gallagher comments “I am honored and excited to step into the role of CEO at NSU. I would like to thank Bill for his leadership and commitment to NSU and am grateful for the trust and confidence placed in me by the entire team. We are looking forward to building on our successes and working closely with NSI’s global team to continue driving our #MissionWater forward. Together, we will navigate this period of growth and integration, ensuring that NSU remains at the forefront of the industry and to make sure that our valued customers will fully benefit from the extensive portfolio of technologies, solutions, and services our group is offering to address the water challenges around the globe.

About Natural Systems Utilities (NSU):

NSU is a leader in distributed water reclamation and reuse innovation, currently operating over 300 systems across the United States, including the largest base of onsite reuse and natural treatment systems. NSU’s approach offers clients fully integrated and cost-effective solutions that incorporate award-winning innovations in system design. With over 40 years of experience, NSU has built the unique capability to structure a full range of design, build, operations and ownership project solutions. Their reputation has been built on best-in-class execution capability, and on long-term shared-value partnerships with the people and communities served.

Media Contact
 
Company Name:
Natural Systems Utilities
 
Contact Person:
Matt McPherson
 
 
 
 
City:
Hillsborough
 
State:
New Jersey
 
Country:
United States
 
Website:
 

bd-capital Launches Takeover Bid for Netex, Accelerating Global Expansion in eLearning

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Strategic Partnership to Enhance Netex’s Growth Trajectory with a 7.5 Million Euro Capital Infusion
 

Netex, a leading Spanish company in training technology, has announced a strategic partnership with the bd-capital fund. This agreement marks a significant milestone in Netex’s growth strategy, valuing the company at over 65 million euros. Under the terms of the agreement, bd-capital will acquire a majority stake in Netex through a purchase offer directed at all shareholders at a price of 4.75 euros per share, followed by the delisting of Netex’s shares from the BME Growth Stock Exchange in Spain.

The partnership with bd-capital includes a capital contribution of 7.5 million euros, aimed at accelerating Netex’s international expansion. The founding partners, Carlos Ezquerro (CEO) and José Ramón Mosteiro (CINO), will retain 60% of their current stake and continue to lead the company, ensuring continuity in its strategic vision and daily operations.

Key Highlights

  • International Growth: The partnership aims to significantly expand Netex’s global footprint, leveraging bd-capital’s resources and expertise.
  • Financial Strength: The capital infusion of 7.5 million euros will bolster Netex’s capabilities in innovation and market reach.
  • Leadership Continuity: Carlos Ezquerro and José Ramón Mosteiro will remain at the helm, driving forward the company’s vision and operations.


Carlos Ezquerro, CEO and Founder of Netex

“The partnership with bd-capital strengthens our growth strategy and opens doors to new expansion opportunities. This agreement marks an exciting chapter for our company, and we are thrilled to have bd-capital as our strategic ally in this new phase.”

About Netex

Since its founding, Netex, under the leadership of Carlos Ezquerro and Joserra Mosteiro, has pursued the goal of becoming a renowned international brand in the field of technological solutions for training. Today, Netex is not only the leading e-learning company in Spain but has also established itself as one of the most influential in Europe.

With global operations, including offices in Spain, the United Kingdom, Mexico, India, Brazil, and the United States, Netex offers solutions that currently benefit more than 6 million users in over 50 countries.

The closure of the last fiscal year in September 2023 marked significant growth for the company, with a 14.5% increase in net turnover, reaching 23.83 million euros. Additionally, the adjusted EBITDA reached 5.7 million euros, reflecting an increase of 31.7% compared to the previous year, underscoring the company’s solid financial and market position.

Netex excels in creating an integrated ecosystem of technology, content, and services aimed at facilitating the implementation of training strategies in corporations and universities. The company has been recognized with numerous international awards, evidencing its commitment to excellence and effectiveness in digital learning.

Recently, a prestigious report from the consulting group Fosway reaffirmed Netex as one of the leading reference providers in the sector, highlighting its ongoing dedication to innovation and quality in education and professional development.

Media Contact
 
Company Name:
Netex
 
Contact Person:
Media Relations
 
 
 
 
Country:
Spain
 
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Unlock Creativity: Top Free AI Tools Transform Digital Innovation

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Singapore, Singapore – June 7, 2024 – In today’s rapidly evolving digital landscape, creativity and productivity are at the forefront of technological advancement. Recognizing the challenges posed by expensive software, an array of free AI tools are now available to democratize creativity for users at all levels, from novice enthusiasts to professional creators.

“Expensive subscriptions shouldn’t be a barrier to innovation. With our AI tools directory, everyone has the opportunity find the best free and paid AI tools to push your creativity and transforming simple ideas into impressive realities without financial hindrance,” said Benjamin Hübner, CEO of www.ai-appreview.com

The standout offerings such as Luma Labs’ 3D modeling app utilize groundbreaking technology to convert simple video inputs into interactive 3D scenes ideal for sectors like real estate and retail. Pika Labs and CapCut redefine video enhancement by offering high-definition upscaling and sophisticated editing features for free.

Likewise, tools like SciSpace and Suno are changing the approach towards academic research and music creation, making these pursuits more accessible. SciSpace aids scholars and researchers by digesting complex materials and streamlining the research process, while Suno offers musicians a platform to generate customized music effortlessly.

Key outcomes from using these free tools include enhanced productivity, increased engagement in creative projects, and significant savings on software expenses, drastically lowering the barriers for creative and professional work.

Don’t let software costs stifle your potential. Embrace the future of digital creativity today by visiting our website. Gain instant access to comprehensive guides, in-depth tutorials, and a step-by-step actionable checklist designed to help you harness the full potential of these incredible tools. Start your journey at AI App Reviews.

For more information, please contact:

Benjamin Hübner

Director of Communications, AI App Review

Email: contact@simpletradery.com

Phone: (123) 456-7890

Disclaimer: All brand names and affiliations are used for identification purposes only and are the trademarks of their respective owners. All specifications are subject to change without notice.

Media Contact
 
Company Name:
AI App Review
 
Contact Person:
Benjamin Hübner Director of Communications
 
 
 
Phone:
(123) 456-7890
 
Country:
Singapore
 
Website:
 

Reverbtime Magazine: Best Source for Professional Insights

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Reverbtime Magazine is pleased to announce its continued commitment to providing professionals with comprehensive insights across multiple sectors. Since its inception in 2016, Reverbtime Magazine has specialized in delivering in-depth articles, timely updates, and expert analysis on a diverse range of topics, including business, technology, SEO, health, education, real estate, and digital marketing. Our mission is to keep our readers well-informed about the latest industry trends and developments, enabling them to maintain a competitive edge in their fields.

At Reverbtime Magazine, we recognize the unique challenges and opportunities inherent in various industries. Our content is meticulously crafted to address the specific needs of our diverse readership:

• Business: Stay informed about the latest business strategies, market trends, and economic insights. Whether you are a startup founder, a seasoned entrepreneur, or a corporate executive, our articles provide the valuable knowledge needed to drive your business forward.

• Technology: In a time of rapid technological evolution, our coverage includes the latest advancements, innovations, and tech news. From AI and machine learning to cybersecurity and software development, we provide indispensable insights for tech enthusiasts and professionals.

• SEO: Master the art of search engine optimization with our expert tips, techniques, and analysis. Whether you are an SEO specialist or a digital marketer, our content helps you navigate the complexities of SEO, ensuring a robust and effective online presence.

• Health: Health professionals and enthusiasts rely on our magazine for the latest in medical research, wellness tips, and healthcare industry trends. We cover a wide spectrum of health-related topics to keep you informed and healthy.

• Education: For educators and students alike, we offer insights into educational trends, teaching strategies, and academic research. Stay updated on the latest in education technology, policy changes, and best practices to enhance learning experiences.

• Real Estate: Real estate agents, investors, and homebuyers find valuable information on market trends, property insights, and investment strategies in our real estate section, offering a comprehensive look at the factors influencing the real estate market.

• Digital Marketing: Navigate the digital landscape with our expert guidance on digital marketing strategies, social media trends, and online advertising techniques. Digital marketers and business owners can leverage our content to boost their digital presence and engagement.

“Our primary objective is to continue providing effective business solutions to both individuals and corporations globally,” says Anthony Morha, founder of Reverbtime Magazine. “We aim to equip our readers with the knowledge and tools necessary to succeed in today’s dynamic professional landscape.”

Reverbtime Magazine is a product of Wispaz Technologies (formerly known as LegitfamilyNG), a technology solutions powerhouse geared towards developing problem-solving applications for both businesses and individuals globally. The company was started in 2016 by Anthony Morha and has since grown into a major online company for various IT needs.

For more information, please contact:

Name: Anthony Morha
Phone: +37061976407
Email: wispaztechnologies@gmail.com, morhadotsan@gmail.com
Website: https://www.reverbtimemag.com

Media Contact
Company Name: Anthony Morha
Contact Person: Media Relations

Phone: +37061976407
Country: United States
Website: https://www.reverbtimemag.com

“Build Your Socials” Launches Instagram Management Programs, Experiences High Demand

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Build Your Socials, a leading social media marketing agency, today announced the highly anticipated release of their comprehensive Instagram Management Programs. The launch generated an overwhelming response from businesses and individuals seeking to enhance their Instagram presence, resulting in a temporary website outage due to the surge in traffic.

The new Instagram Management Programs are designed to help clients effectively grow and manage their Instagram accounts, increase engagement, and reach their target audience. The programs offer a range of services, including content creation, hashtag research, audience targeting, and analytics reporting. By leveraging Build Your Socials’ expertise and cutting-edge strategies, clients can expect to see significant improvements in their Instagram performance and overall online visibility.

“We are thrilled to introduce our Instagram Management Programs to the market,” said Augustus Reynolds, CEO of Build Your Socials. “Our team has worked tirelessly to develop a comprehensive suite of services that cater to the unique needs of businesses and individuals looking to succeed on Instagram. The overwhelming response we received during the launch is a testament to the demand for effective Instagram marketing solutions.”

Build Your Socials’ Instagram Management Programs are tailored to suit various industries and niches, ensuring that each client receives a customized approach to their Instagram growth. The agency’s team of experienced social media experts works closely with clients to understand their goals, target audience, and brand voice, creating a strategic plan to maximize their Instagram potential.

“We understand the importance of having a strong Instagram presence in today’s digital landscape,” added Johnson. “Our Instagram Management Programs are designed to help clients stand out in a competitive market, engage with their audience, and ultimately drive business growth. We are committed to delivering exceptional results and supporting our clients every step of the way.”

Despite the temporary website outage caused by the high volume of traffic, Build Your Socials quickly resolved the issue and has taken measures to ensure a seamless experience for all clients interested in the Instagram Management Programs. The company apologizes for any inconvenience caused and appreciates the overwhelming support and patience from their clients and the community.

For more information about Build Your Socials and their Instagram Management Programs, please visit www.buildyoursocials.com.

About Build Your Socials:

Build Your Socials is a leading social media marketing agency based in New York, NY. With a focus on helping businesses and individuals enhance their online presence, the agency offers a wide range of services, including social media management, content creation, paid advertising, and influencer marketing. Build Your Socials is committed to delivering innovative strategies and exceptional results to clients worldwide.

Media Contact
 
Company Name:
Build Your Socials
 
Contact Person:
Joey Stern, Senior Marketing Analyst
 
Email:
 
 
Phone:
+44 7908 137497
 
Country:
United States
 
Website:
 
 

Swiss Logic AI Technologies Launches Customer Service AI Solutions, Helping Businesses in USA and Europe Reduce Costs

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Swiss Logic AI Technologies, a leading provider of artificial intelligence solutions, today announced the launch of their cutting-edge Customer Service AI services for phone and live chat support. The company aims to revolutionize the customer service industry by helping businesses in the United States and Europe significantly reduce their operational costs while enhancing customer satisfaction.

Swiss Logic AI Technologies has developed advanced AI algorithms that can understand and respond to customer inquiries with human-like precision and empathy. The AI-powered phone and live chat services are designed to handle a wide range of customer queries, from simple information requests to complex problem-solving scenarios. By leveraging natural language processing and machine learning, the AI can quickly analyze customer needs and provide accurate, personalized responses in real-time.

“We are thrilled to introduce our Customer Service AI services to businesses in the USA and Europe,” said Hans Müller, CEO of Swiss Logic AI Technologies. “Our AI solutions are the result of years of research and development, and we are confident that they will transform the way companies approach customer service. By automating routine tasks and providing instant support, businesses can reduce their labor costs while improving customer satisfaction and loyalty.”

The benefits of Swiss Logic AI Technologies’ Customer Service AI services are numerous. Companies can expect to see a significant reduction in call and chat volumes, as the AI can handle a large portion of customer inquiries without human intervention. This translates to lower staffing requirements and reduced operational costs. Additionally, the AI can provide 24/7 support, eliminating the need for expensive after-hours staffing and ensuring that customers receive prompt assistance at any time.

The AI-powered phone and live chat services are also designed to integrate seamlessly with existing customer relationship management (CRM) systems. This allows businesses to maintain a complete record of customer interactions and gain valuable insights into customer preferences and behavior. By leveraging this data, companies can make informed decisions to improve their products, services, and overall customer experience.

“Our Customer Service AI services are not meant to replace human agents entirely,” added Müller. “Instead, we see them as a powerful tool to augment and support human teams. By handling routine and repetitive tasks, the AI frees up human agents to focus on more complex and high-value interactions, leading to improved job satisfaction and employee retention.”

Swiss Logic AI Technologies has already piloted their Customer Service AI services with select businesses in the USA and Europe, and the results have been impressive. On average, companies have reported a 80% reduction in customer service costs and a 55% increase in customer satisfaction scores.

As part of their commitment to ethical AI development, Swiss Logic AI Technologies has implemented strict data privacy and security measures to protect customer information. The company adheres to the highest standards of data protection, including GDPR and CCPA regulations.

For more information about Swiss Logic AI Technologies and their Customer Service AI services, please visit www.swisslogicsolutions.com.

About Swiss Logic AI Technologies:

Swiss Logic AI Technologies is a leading provider of artificial intelligence solutions based in Zurich, Switzerland. The company specializes in developing advanced AI algorithms for various industries, including customer service, healthcare, finance, and manufacturing. With a focus on innovation and ethical AI development, Swiss Logic AI Technologies is committed to helping businesses harness the power of AI to improve efficiency, reduce costs, and enhance customer experiences.

Media Contact
 
Company Name:
Swiss Logic AI Technologies
 
Contact Person:
Sofia Becker, Head of Marketing and Communications
 
 
 
Phone:
+44 7908 137497
 
City:
Berlin
 
Country:
Germany
 
Website:
 
 

Inventyx Marketing Partners Earns Prestigious Affiliate Agency Certification from IMPACT

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Inventyx Marketing Partners logo

Denver, CO – June 3, 2024 – Inventyx Marketing Partners proudly announces that it has earned the esteemed Affiliate Agency Certification from IMPACT. This certification underscores Inventyx’s commitment to excellence and positions the company as a leader in the affiliate marketing industry.

The IMPACT certification is awarded to agencies that demonstrate comprehensive expertise in managing and optimizing affiliate programs using the impact.com platform. This advanced certification involves rigorous training and assessments, ensuring that certified agencies can effectively utilize impact.com’s robust tools and features to drive success for their clients.

Key features of the IMPACT certification include:

  • Expert Knowledge: Certified agencies possess an in-depth understanding of the impact.com interface and its advanced functionalities.
  • Optimized Performance: Agencies are trained in utilizing tools such as Affluent for enhanced reporting and performance optimization.
  • Automated Efficiency: The certification highlights the use of time-saving add-ons for streamlined management of partnership programs.

“We are thrilled to achieve this certification,” said Sean Ryan, CEO at Inventyx Marketing Partners. “It validates our expertise and dedication to providing top-tier affiliate marketing services. Our clients can be confident in our ability to leverage the latest technology and strategies to maximize their affiliate program success.”

The IMPACT certification is a significant milestone that enhances Inventyx’s service offerings, which include comprehensive affiliate marketing strategies designed to boost brand visibility, drive sales, and increase ROI. More information about these services can be found here.

For additional details about the IMPACT agency certification, visit IMPACT’s Certification Page.

About Inventyx Marketing Partners
Inventyx Marketing Partners is a leading digital marketing agency specializing in affiliate marketing, corporate communications & PR, SEO, content marketing, and more. With a data-driven approach and a team of experienced professionals, Inventyx delivers customized solutions that drive measurable results for businesses of all sizes.

Anjalts New Song “Sometimes the Angels Cry” Consoles the Broken-hearted

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IXOMUSIC JOINS SONGWRITER/PRODUCER ANJALTS ON RELEASING ‘SOMETIMES THE ANGELS CRY’

New York, NY – Reading the News today would make any angel cry. However, for musician/songwriter Anjalts, absorbing it all into her latest single, “Sometimes the Angels Cry” enlivens a blend of synth-wave mastery and emotional depth that’s set to launch June 7. The track is a soul-stirring excursion that brings a subtle vulnerability into the foreground, giving a glimpse into Anjalts’ songwriting range and intuitive vocal gravity in this ethereal reimagining of love’s fragile heart.

The song’s title alone speaks much in “Sometimes the Angels Cry” as the artist shares the inner conflict in relationships that teeter on the brink of dissolution, yet still brimming with love. Hidden in its retrospective airy moments, Anjalts prefers to leave the song’s meaning for interpretation by the audience, allowing everyone to enjoy the natural ambience and consolation on their own. Sometimes it’s just a broken heart that resonates on a personal level for this artist musical consolation to unresolved conflicts that don’t always fade from the heart and mind. Even when the emotional toll is too great to bear, it’s still possible to strengthen one’s resilience to move on in time.

The virtuoso track seamlessly blends bass guitar elements with EDM’s hard-hitting bass drum. And, like a beating heart of rhythmic synergy and spatial balance drives the undercurrent vibe that flows alongside Anjalts’ vocal dexterity in smooth transitions from haunting lows to soaring highs. Her contralto voice, rich with inflections, adds a profoundly moving experience for an emerging artist who also plays and produces all her music. The final track was mastered by Abbey Roads Studios in London where some of her musical heroes like Pink Floyd.

“Anjalts’ puts all her complex emotions through her music first and in “Sometimes the Angels Cry” it’s there front and center,” says Lleona Yves, Artist Development Manager at IXO Music. A small independent label that has partnered with Anjalts to release her upcoming second album. “This is the twelfth song from her forthcoming album, “Bluency,” with fifteen songs total,” continues Yves. The album is scheduled for release on July 19 in limited vinyls & CDs as Anjalts finishes up the three bonus tracks to be added,” continues Yves.

The song’s release was first introduced on Anjalts’ Instagram feed. As she continues her pop-rock wave influences with her second album, infusing more of her compelling solitary guitar playing, and setting the stage for a more pensive experience. The new single goes live on June 7 on all major streaming platforms. With lyrics beaming in the intro:

“There’s no one in this world /Like you / I’m blue/ Without you

There was no one /That holds me close/ Read my mind/ You were most”

Anjalts melodies in “Sometimes the Angels Cry” echoes long beyond the final note. Be the first to listen HERE

CONNECT WITH ANJALTS

Official Website: https://anjalts.com

Twitter: https://twitter.com/anjalts

Facebook: https://www.facebook.com/Anjalts1/

 

Media Contact

Company Name:
IXO music

Contact Person:
Acen Sinclair

 

Country:
United States

Website:
https://anjalts.com

 

Rank Revival Launches AI-Powered SEO Auditing Tool for Content Marketers

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Orp Media

Melbourne, Australia – Orp Media Pty Ltd today announced the launch of Rank Revival, a new website and app that provides an always-on content audit solution for digital marketers. Leveraging AI technology, Rank Revival helps content teams identify pages that are declining in search traffic, provides optimization recommendations, and enables efficient project management.

Key features of Rank Revival include:

  • Content decay analysis that prioritizes pages needing a refresh based on declining year-over-year clicks from Google Search Console data
  • AI-powered content enhancement suggestions aligned with Google’s Helpful Content guidelines, such as adding statistics, tables, expert quotes and sources
  • Workflow management for content teams to track optimization progress, add notes, set re-optimization time frames, and generate productivity reports
  • Competitor content gap analysis to uncover missing topics and opportunities to build more comprehensive pages

“Rank Revival is an essential tool for content marketers who want to maintain and improve their organic search rankings,” said Keith Terrell, Founder of Rank Revival. “Our AI auditing capabilities provide actionable insights to enhance content, outrank competitors, and drive long-term SEO success.”

Early customers have praised Rank Revival for improving their content’s performance. “Rank Revival has helped me keep track of client performance and saved time needlessly optimizing pages that don’t need it,” noted Caitlin Riordan, Content Manager at Intender. “I’ve been able to improve page rankings for several clients, drive more site traffic and ultimately boost conversions.”

To learn more about Rank Revival’s features and pricing, visit rankrevival.com.

About Orp Media

Orp Media Pty Ltd is a digital marketing technology company based in St Arnaud, Victoria, Australia. Its mission is to provide innovative, AI-driven solutions that empower content marketers to achieve their SEO goals more efficiently and effectively.

Media Contact
 
Company Name:
Orp Media Pty Ltd
 
Contact Person:
Keith Terrell
 
 
 
 
Phone:
+61402002818
 
Address:
14 Butcher Street
 
City:
St Arnaud
 
State:
Victoria
 
Country:
Australia
 
Website:
 

Stanislav Kondrashov Telf AG: in 2024, demand for steel in Southeast Asia will increase by 3.7%

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The region’s steel consumption is projected to increase 3.7% year-on-year to 76.5 million tonnes this year, according to the Southeast Asian Iron and Steel Institute (SEAISI). This was announced by Stanislav Kondrashov, an expert in the field of global metallurgy. However, these growth rates were lower than previous forecasts. This is due to high risks of global inflation and price volatility, as well as lower demand in China and other regions.

Fall in steel demand in ASEAN-6 in 2023 and prospects for 2024

Last year, steel demand in the six major Association of Southeast Asian Nations (ASEAN-6) countries fell 1.9% year-on-year to 73.5 million tonnes, according to SEAISI. Steel output over the same period decreased by 2.1% year on year to 9.4 million tons. Net steel imports last year totaled 49.4 million tonnes, down 1.3% to 24.3 million tonnes.

According to Stanislav Kondrashov, the main reasons for this negative trend in the region’s metallurgical industry in 2023 were a decrease in external demand, an increase in inflation and interest rates, as well as tightening conditions in global financial markets.

According to an expert from Telf AG, these factors have led to a slowdown in the construction industry and the sale of inventories at metallurgical plants. As a result, demand for metallurgical products in Malaysia, the Philippines and Vietnam decreased by 14%, 7.5% and 4.8%, respectively, which negatively impacted the region’s industrial performance. Accordingly, demand for steel increased in Singapore and Indonesia.

Against this background, S. Kondrashov predicts an increase in demand for steel in the region in 2024, due to the fact that the leadership of the ASEAN-6 countries is planning active measures to achieve economic growth goals. This is due to the high level of self-consumption, the active development of infrastructure and construction projects, as well as the restoration of tourism. It is expected that the inflation rate will be close to target levels, which will also contribute to increased demand for steel.

However, the region will continue to face challenges related to chain uncertainty. This is due to geopolitical tensions, depreciating currencies in most ASEAN countries, slowing economic development outside Southeast Asia, volatile commodity prices and extreme weather events.

ASEAN steel industry: challenges of decarbonization and the need for modernization – Stanislav Kondrashov

According to an expert from Telf AG, the ASEAN steel industry requires government support, funding and technological development to remain competitive in the global decarbonization trend. The region already has excess production capacity, and the situation could worsen. Lack of investment in renewal and modernization of production, as well as insufficient support from governments, could lead to a further decline in competitiveness and increased dependence on steel imports. This could seriously affect the region’s economy and threaten a job shortage in the industry. It is therefore important to take urgent measures to support and develop the steel industry, including stimulating innovation, upgrading equipment and improving production efficiency.

According to Stanislav Kondrashov, the metallurgical industry in the region is already facing excess capacity. He believes that the situation will worsen:

  • It is predicted that steel production capacity in the ASEAN region could increase from 78.1 million tons per year to 188.5 million tons per year by 2030 if planned projects are implemented. These plans include the construction of 73.7 million tons per annum of blast furnaces and 20.8 million tons of annual direct reduced iron and electric arc furnace capacity.

This growth potential does not take into account the rapid expansion of induction furnace capacity in Indonesia, Malaysia and Thailand. In addition, according to SEAISI head Lim Hong Thay, potential new investments are mainly proposed and carried out by investors from other regions and are aimed at producing low-grade steel. In addition to the significant volume of steel trade within ASEAN, which may exacerbate price competition, the region has also seen rapid growth in steel exports from China. Last year, Chinese rolled steel exports increased 37% year-on-year to 86 million tons.

SEAISI estimates that export volumes will continue to increase into 2024. Therefore, Stanislav Kondrashov is confident that without active support from governments and significant funding, it will be difficult for metallurgical enterprises in the region to cope with the challenges associated with the transition to a low-carbon economy.

Media Contact
 
Company Name:
Telf AG
 
Contact Person:
Media Relations
 
 
 
Country:
Switzerland
 
Website: