Tag Archive: Business World

Toyo and Setal Oil Merge to Form Toyo Setal

Setal Oil is a firm based in Brazil, and it deals with the production of oil and gas. The company is set to partner with Toyo, a company situated in Japan, and it deals with gas and oil production. The partnership between Toyo Setal will focus on the following activities; petrochemical, refining, and marine construction. The partnership will lead to the formation of Toyo Setal, and the company will be based in Sao Paulo. Setal Oil sold 50% of its shares to Toyo. Setal Oil has been focusing on forming a partnership with another company in the oil and gas industry. The partnership would come in handy while enhancing the growth of the firm. Setal Oil and Toyo will begin to work together in July. There will also be joint management. Toyo Setal will also be in charge of the petrochemical projects in areas such as Rio de Janeiro.

The corporation will also focus on the development of EBR– a shipyard based in Brazil. The development of the shipyard will cost at least R $1 billion. The shipyard will also handle a capacity of 110,000 tons annually. Additionally, the shipyard will focus on coming up with platforms that will offer some support to the vessels that are dealing with the oil and gas industry. With regard to the partnership, the main advantage present is that Toyo and Setal oil specializes in handling engineering projects. When both companies unite, Setal Oil will be in a better position to dominate the oil and gas industry in Brazil. Toyo began to operate in Brazil in 1965.

The firm was able to indulge in different projects within the nation. Toyo was in charge of the FPSO (Floating Production Storage and Offload) project. Since the government has enforced a policy involving increasing the content rate, Toyo and Setal Oil saw it fit to partner and work together. Toyo Setal is determined to ensure that they have also exploited other markets, including mining, energy, chemical, offshore, and petrochemical sectors. The firm will also utilize state of the art forms of technology. Toyo Setal will also be among the significant contributors to the Brazilian economy. Although the firm will be operating in Sao Paulo, they will also have offices in other areas such as Rio de Janeiro.

Source of the article : https://petronoticias.com.br/archives/127486

News on Equities First Holdings Wikipedia

Going over Equities First Holdings

Equities First Holdings is a fairly successful alternative loaning company that has managed to aid millions across the globe with its loaning options. This company has been around since 20002, for 17 years it has slowly grown into success and has been able to compete with banks when it comes to distributing loans toward clients. The reason that this company manages to rival banks is due to the fact that it does not solely rely on the credit score of interested clients and let it determine on whether or not they can gain a loan. This company will be able to help clients of all backgrounds regardless of their credit score and makes sure the process of gaining a loan is a swift and easy one. This company is mostly ideal for those within a business or starting a business or those in high networks.

Richard Liu Qiangdong: The Man of the Year

Coming from a relatively poor household, Richard Liu Qiangdong has climbed the top of the socio-economic ladder and currently sitting at the top. He studied sociology for his undergraduate degree, before taking some time out to hone his computer skills. His skill and finesse for computing increased, soon enough he was getting appointed as the head of computing at Japan Life, Japan Life is a herbal company, responsible for the healthy development of its clients, soon as Richard Liu Qiangdong was put in that position, he took the company to new heights of success, he spent about five years in that position before deciding it was time to establish his own shop. He started out selling magneto-optical products and offering quality customer services to those who needed them.

After sometime the company was highly successful, as a result, he opened about 10 other retail shops around the region. At a time where it seemed like nothing could go wrong, the SARS outbreak happened. Unfortunately it made business very bad and reduced profits of the company. Due to the outbreak, people couldn’t easily come to the shop and this had an impact on the day to day functions in the shop. When things did not improve he then decided to close up the shops and use money gotten from them to fund his new venture.

This was how JD.com was born. JD.com is now worth about 40 million dollars and Richard Liu Qiangdong worth 12.5 billion. Companies like Walmart and WeChat have invested heavily into the platform. As a result of the partnership WeChat agreed to advertise them on the platform free of charge. Richard Liu Qiangdong had his company exposed to almost a billion active users and this helped his company reach profits unforeseen at the start of JD.com. They started a drone delivery service for long range services. this reduced the cost of transportation and increased effectiveness.

A look at Peter Briger’s Impressive Career

Peter Briger attended Princeton University for his undergraduate. He graduated as part of the ’86 class after which he would get employed by Goldman Sachs. During his fifteen years in the organization, he was able to rise through that ranks and also attend the Wharton School of Business for his Master’s in Business Administration. At Goldman Sachs, Peter Briger oversaw various investment vehicles and departments. He also joined various committees such as the Global Control and Compliance Committee, the Asian Management committee, and Japan Executive committee. All these committees would give him a solid understanding of the Asian market, something that has worked out quite well in his current position.

In 2002 Peter Briger was headhunted to join the Fortress Investment Group, which was starting a credit division. At the time Fortress was managing assets worth about 3 billion dollars. As compared to Goldman Sachs this did not seem like a lot, but for Peter Briger it was an opportunity to start something and grow it from scratch. It did not take long for his solid experience to begin showing, and by 2008 he was leading the Group’s IPO. Goldman Sachs would underwrite the IPO, and as such, it was essential to have someone who understood both worlds leading the team. The IPO was a great success, and from that point on, it seemed like the opportunities for Fortress were unlimited.

Peter Briger, who is based in San Fransisco, has continued to lead the Credit division to this day and has also become one of the Group’s principal’s. Even after the Group was acquired by SoftBank and went back to being a private company, he will continue to head the division. His achievements saw him listed among the top 400 most influential business professionals by Forbes magazine.Apart from his role at the Fortress Investment Group, Briger is also a member of the board of the Princeton University Investment Company. The company brings together the University’s alumni who support the school’s dream of becoming an entrepreneurial hub. He also supports the Central Park Conservancy and a member of Tipping Point.