Sunday, August 29, 2021

FIRST BACALAR AND BLOWER CUSTOMER CARS HAND-FINISHED BY BENTLEY MULLINER

  • First customer cars for both handcrafted series now finished
  • Both cars created in Bentley Mulliner’s dedicated workshop in Crewe
  • Bacalar Car One finished in bespoke Atom Silver Satin paint
  • Blower Car One resplendent in Birkin Green
  • The next three cars in each series now in build
  • Customer deliveries about to begin


(Crewe, 19 August 2021) Bentley Mulliner has completed the first customer cars in both of its new series of pinnacle, handcrafted, bespoke projects. Each car is the first of their respective 12 vehicle series, with Bacalar Car One being the first customer delivery of Mulliner’s new coachbuilt barchetta. Meanwhile, Blower Car One is a millimetre-accurate mechanical recreation of Sir Henry ‘Tim’ Birkin’s 1929 supercharged 4½-Litre, and the first customer car of the world’s first pre-war continuation series.

The first customer cars follow their engineering prototypes, known in Bentley as the “Car Zeroes”. Each has completed significant durability mileage, performance and climatic testing in various locations and the engineering sign-off of both projects was successfully achieved to allow customer builds to commence.


Bentley’s Director of Mulliner and Motorsport, Paul Williams, comments:
“Seeing these first two cars now finished has given the whole team an enormous sense of pride. Years of work have gone into the design and development of these projects, and seeing them together is incredibly rewarding. These cars are totally unique, absolutely bespoke, and yet have been built to the same quality standards as any other Bentley. Mulliner is truly the only place in the world that could deliver a 21st century, coachbuilt grand touring barchetta at the same time as recreating an iconic road-going 1929 race car.

“I’m excited for our customers to take delivery of their new cars, and to seeing the rest of the orders in both series come to life. Alongside the more mainstream yet still distinctive cars of the Mulliner Collections family, these are the first models of the Mulliner Classic and Coachbuilt portfolios – but there will be more. We’re just getting started.”

As with every car in the two series, strictly limited to 12 examples apiece, the first cars have had every detail specified by their imminent owners, and as such are totally bespoke to them.

Due to the nature of these personal commissions, Bentley is not able to reveal the identity of the customers nor where the cars will be heading. However, each customer shares a love of driving, along with an avid appreciation for craftsmanship, authenticity & attention to detail, all deeply associated with Mulliner.

Blower Car One


The first Blower Continuation Series car is a shining example of classic design, executed to perfection. The body is trimmed in period-correct Rexine and finished in bespoke Birkin Green paint, a recreation of the colour of the original Blower on which it’s based – Team Car No.2, registration UU 5872. Built, owned and raced by Sir Tim Birkin, the car is still owned by Bentley Motors and is run weekly. Car One is therefore the most fitting start to the Continuation Series that could be imagined. The Birkin Green body is complemented by identically coloured wire wheels, with colour-matched leather trimming the interior. The foldable roof is in black.


Mechanically, the car is identical to Birkin’s original, save for two safety-critical features – modern electric fuel pumps, and a foam baffle to the fuel tank. A dynator, a reworked alternative to the original dynamo has also been added, offering a more powerful and reliable charging system whilst retaining the look of the original dynamo. The engine is a brand new example of W.O. Bentley’s own 4½-litre design, featuring aluminium pistons, an overhead camshaft, four valves per cylinder and twin spark plugs. Attached to the front is the iconic supercharger that gives the Blower its name, and is an exact recreation of that created in the 1920s by renowned engineer, Amherst Villiers. Power has been measured as part of engine sign-off, with the near-100-year old design reliably making 240 bhp.

Bacalar Car One

Alongside the Blower, Bacalar Car One has also been finished. Designing a Bacalar is an exercise in imagination, with the material, colour and finish of practically every interior and exterior surface being bespoke.


The carbon fibre body is finished in a bespoke colour for the lead customer – a champagne-tinted satin silver called Atom Silver. The car sits on 22” Bacalar Tri-Finish wheels, with polished faces, dark grey satin spokes and gloss Moss Green accent highlights. The same Moss Green accent is applied to the front grille centre bar, the insides of the headlamps, the upper body chrome surround and around the gloss black “power humps” to the rear. Gloss black also provides contrast to the A-pillars, grille meshes and surrounds, bonnet vents, side vents, lower body, rear bumper insert and brake calipers. The rear of the car is finished with gloss black outer exhaust tips with Moss Green inners.


The interior of Bacalar Car One follows the same black and green trend. Beluga leather is accented with Moss Green hide to the wings of the console, the outer seat backs and throughout the cabin as contrast stitching through the unique Bacalar quilting pattern. The seat centres use fine Nappa leather, while the carpets are beluga diamond-carved overmats with Moss Green binding and stitching.


Open Pore Riverwood over Gloss Black veneer with unique satin bronze detailing flows across the cockpit into the doors and behind the front seats, creating a circle of 5,000-year-old veneer. The details of the cabin are truly special, with:
  • Bronze finishes to the steering wheel and headrest bezels, upper ventilation bullseye vents and accent rings
  • A satin nickel finish to the clock and Bentley Rotating Display dial faces
  • Black anodised interior brightware
  • Bright chrome Bentley wings
  • Gloss black finishing to the speaker grilles
  • Bespoke Bacalar luggage, that fits behind the front seats, crafted in Beluga hide with contrast Bentley embroidered emblems and Bacalar quilting pattern in Moss Green with Beluga fine Nappa leather piping.
Finally, the key for Bacalar Car One will be presented to the customer in a bespoke key box, trimmed in Beluga hide with Moss Green stitching to match the car. The key itself also features gloss Moss Green to the sides, with a special Bacalar knurled finish.

Both Blower Car One and Bacalar Car One now shortly begin their journeys to their respective owners, while the Mulliner build team continue work on the next three cars in both series – each one as special and unique to their owners as these first examples.


Wednesday, August 18, 2021

Entrust partners with MK Group to issue 50 million cards for Vietnam’s Chip-Based National ID Card project

The project is the combination of Entrust’s advanced card issuance solutions and MK Group’s deep local footprint to enhance security and safety of the Vietnam’s national identity cards


Thailand
AUGUST 18, 2021 — Entrust, a leading provider of trusted identities, payments and data protection, has just announced that the company has facilitated the roll-out of Vietnam’s citizen identity (ID) card project through a strategic partnership with MK Group Joint Stock Company (MK Group). Entrust and MK Group will be delivering advanced technology solutions and on-the-ground support together for Vietnam to be able to issue 50 million chip-based ID cards to eligible citizens starting in February 2021.


Entrust issuance systems and software solutions, along with Vietnam-based MK Group – who will be managing on-the-ground operations and overseeing the local card issuance, will enable the high-speed, high-volume personalization of the first 50-million national ID card. The new chip-embedded National ID cards will replace and consolidate the three most recent versions of National ID cards – nine-digit, 12-digit, and barcode-based, introduced in 1999, 2012, and 2016 respectively – with new chip-based cards, introducing a more secure, standardized way to authenticate citizen identities.


“We are pleased to be selected as the technology partner for this nationwide project to transform Vietnam’s citizen ID system into one that is more standardized, secure, and digitally advanced,” said Angus McDougall, Regional Vice President, Asia Pacific and Japan, Entrust. “We view this partnership with MK Group as a strong step towards the future of trusted identities in Vietnam.”

“MK Group is proud to introduce and implement leading technology for multi-application smart cards, with ID and biometric authentication application in accordance to ICAO standards. The partnership with Entrust signifies our shared vision of accelerating the rise of secure data protection and advanced identity authentication in Vietnam, where our offerings continue to play an instrumental role in the nation’s digitalization programme,” said Mr. Khang Nguyen, Chairman of MK Group. “MK Group is well placed to respond to the growing focus on government-grade security and assurance demonstrated in this card issuance project, through the delivery of robust and scalable solutions.”


MK Smart, a subsidiary of MK Group, developed the operating system of the chip on smartcards and its applications, in compliance with ICAO standards and local security requirements. The chip-based ID Card, which is bundled with ICAO-compliance e-ID data, biometric and digital signing capabilities, will be used to log into many different government and private portals, where thousands of services are provided to citizens. Citizens can also use the card for authentication with government bodies and banks.

Entrust has been delivering high-volume issuance systems and high-quality consumable supplies and professional services to fulfill the first batch of 50 million smart cards.
 
About Entrust Corporation
Entrust keeps the world moving safely by enabling trusted identities, payments and data protection. As of today, people demand more seamless, secure experiences, whether they’re crossing borders, making a purchase, accessing e-government services or logging into corporate networks. Entrust offers an unmatched breadth of digital security and credential issuance solutions at the very heart of all these interactions. With more than 2,500 employees, a network of global partners, and customers in over 150 countries, it’s no wonder the world’s most entrusted organizations trust us. For more information, visit www.entrust.com.

About MK Group
Established in 1999 in Vietnam, MK Joint Stock Company (Group) has over 22 years of experience in providing Digital Security solutions and Smart Card products. MK Group’s slogan is Smart Digital Security. MK Group always strives to be a trusted partner for providing and implementing a wide range of products and solutions for many customers in the government, finance – banking, enterprise, transportation, and telecommunication sectors. For more information, visit www.mk.com.vn


Tuesday, August 10, 2021

Mercedes-Benz officially introduces “The new S-Class” Starting from 6.69 million baht

Mercedes-Benz S 350 d Exclusive

  • Mercedes-Benz introduces “The new S-Class”, price starting from 6,690,000 baht
  • Open for reservation from today onwards at Mercedes-Benz authorized dealers nationwide
  • Only customers who purchase The new S-Class with authorized dealers will be able to experience a full efficiency of the limitless wireless internet connection

Mercedes-Benz sets to bring the ultimate experience of luxury, comfort and safety to customers in Thailand with the official unveiling of "The new S-Class". At a starting price of 6,690,000 baht, customers can now register to reserve the new luxury saloon from today onwards at Mercedes-Benz authorized dealers nationwide.

Mercedes-Benz S 350 d Exclusive

Mr. Roland Folger, President and CEO of Mercedes-Benz (Thailand) Company Limited
, said “Today Mercedes-Benz is ready to introduce you to "The new S-Class", an ultimate luxury saloon that provides the best driving experience in terms of luxury, comfort and safety. Mercedes-Benz S-Class has always been the best-selling luxury saloon both in the global market and in Thai market. With this new model, under the integration of the most advanced automotive innovations that put focus on user, every detail of this vehicle’s design is meticulously refined. Particularly, the mobile connected experience via wireless internet in the vehicle, Mercedes-Benz has partnered with local 4G LTE service provider in Thailand to allow customers who purchase a Mercedes-Benz vehicle with our authorized dealers to be able to have the best driving experience on every road. And for customers who are interested in "The new S-Class", you can contact Mercedes-Benz authorized dealers nationwide for more information and reservation from today onwards.”

Mercedes-Benz S 350 d AMG Premium

The new S-Class is the latest generation and a newest member of the Mercedes-Benz S-Class family that is ready to bring the best automotive experience with highest luxury, comfort and safety. The new S-Class is powered by 6 cylinder in-line 2,925 cc diesel engine with 2-stage turbocharger and intercooler which is more efficient and more environmentally friendly. Under the concept of “Sensual Purity”, the design language has been upgraded in every detail. Particularly, the new generation MBUX7 (Mercedes-Benz User Experience) is even more digital and intelligent, not to mention the most advanced safety systems that set to raise the bar in terms of driving experience on every surface.

Mercedes-Benz S 350 d AMG Premium

The new S-Class has two variants available including:
  • Mercedes-Benz S 350 d Exclusive, priced at 6,690,000 baht.
  • Mercedes-Benz S 350 d AMG Premium, priced at 7,190,000 baht.

For reservation and more information about The new S-Class as well as other Mercedes-Benz models, you can contact Mercedes-Benz and Mercedes-AMG authorized dealers nationwide.

About Mercedes-Benz AG 
Mercedes-Benz AG is responsible for the global business of Mercedes-Benz Cars and Mercedes-Benz Vans with over 173,000 employees worldwide. Ola Källenius is Chairman of the Board of Management of Mercedes-Benz AG. The company focuses on the development, production and sales of passenger cars, vans and services. Furthermore, the company aspires to be leading in the fields of connectivity, automated driving and alternative drives with its forward-looking innovations. The product portfolio comprises the Mercedes-Benz brand with the sub-brands Mercedes-AMG, Mercedes-Maybach and Mercedes me - as well as the smart brand, and the EQ product and technology brand for electric mobility. Mercedes-Benz AG is one of the largest manufacturers of premium passenger cars. In 2019 it sold nearly 2.4 million cars and more than 438,000 vans. In its two business divisions, Mercedes-Benz AG is continually expanding its worldwide production network with over 40 production sites on four continents, while aligning itself to meet the requirements of electric mobility. At the same time, the company is developing its global battery production network on three continents. Sustainable actions play a decisive role in both business divisions. To the company, sustainability means creating value for all stakeholders on a lasting basis: customers, employees, investors, business partners and the society as a whole. The basis for this is the sustainable business strategy of Daimler in which the company takes responsibility for the economic, ecological and social effects of its business activities and looks at the entire value chain.


Saturday, August 7, 2021

“Token X”, a subsidiary of SCB 10X, set to tap into the digital token market, aiming to be an ASEAN leader in digital asset tokenization by 2025

  • Total consulting service for tokenization and blockchain development solutions
  • Eyeing providing an Initial Coin Offering (ICO) portal service


Token X Co., Ltd. is a subsidiary of SCB 10X Co., Ltd., a holding company under the Siam Commercial Bank (SCB) Group. The company plans to offer total solutions to those interested in issuing digital tokens, including tokenization consulting, business planning, and the development of blockchain and other related technologies. Prepping for providing an initial coin offering (ICO) portal service by the fourth quarter this year, the company is currently seeking an ICO Portal’s license from the Securities and Exchange Commission (SEC). Token X aims to become an ASEAN leader in digital asset tokenization by 2025.



Token X’s Chief Executive Officer, Ms. Jittinun Chatsiharach
said, “Even though digital tokens are rather new in Thailand, they will be growth potential, and we are very confident that in the near future they will play a vital role in funding companies with new ideas and projects through digital token issuance or initial coin offering (ICO). Our role is to raise new capabilities in digital asset tokenization to add value in developing new growth models and apply tokenization to businesses. Our plan is to offer wider opportunities to investors to access qualified digital tokens and diverse investment options in the future. Token X’s plan to provide total solutions for tokenization consulting, business planning regarding Blockchain, and other technologies related to digital tokens to help clients achieve their business goals.”

“Token X is currently seeking an ICO Portal’s license from the Securities and Exchange Commission (SEC) to provide ICO portal service expected by the fourth quarter this year. We have set a business goal of becoming Southeast Asia leader in digital asset tokenization by 2025.” Ms. Jittinun concluded.

To learn more about digital tokens, please visit www.tokenx.finance

About Token X 
Token X Co., Ltd. is a subsidiary of SCB 10X Co., Ltd., a holding company under the Siam Commercial Bank (SCB) Group. Pursuing its aspiration of becoming a “Tokenization Success Partner,” the company is equipped with capable teams and personnel ready to offer total digital token solutions, covering consulting, tokenomics designing, selecting the right technology, and initial coin offering (ICO) portal service. The company is currently seeking an ICO portal license from the Securities and Exchange Commission. For more information, please visit www.tokenx.finance or www.facebook.com/tokenx.th, or contact contact@tokenx.finance


Thursday, August 5, 2021

LANXESS completes acquisition of Emerald Kalama Chemical

  • Acquisition with approximately USD 425 million in sales and around USD 90 million in EBITDA
  • Additional EBITDA contribution of around USD 30 million within three years through synergies
  • Strengthening of the Consumer Protection segment: aroma chemicals and preservatives for food, household, cosmetics and personal care applications
  • New Flavors & Fragrances business unit
  • LANXESS CEO Zachert: “LANXESS will become even more stable and profitable.”


Thailand, August 5, 2021
– Specialty chemicals company LANXESS completed the second-largest acquisition in its history on August 3 with the takeover of Emerald Kalama Chemical. The US-based specialty chemicals manufacturer was majority-owned by affiliates of private equity firm American Securities LLC. All required regulatory approvals have been received. The enterprise value of Emerald Kalama Chemical was USD 1.075 billion (EUR 900 million). After deducting liabilities, the purchase price was approximately USD 1.04 billion (EUR 870 million), which LANXESS financed from existing liquidity.

“Emerald Kalama Chemical gives us another major boost on our growth path. The new businesses are an optimal strategic fit for us. We are strengthening our position in markets with attractive growth rates and opening up new high-margin application areas, especially in the beverage and food sector or in cleaning and cosmetic products. What's more, Emerald Kalama Chemical is perfectly backward integrated – strengthening our value chain in Consumer Protection. This segment is thus an important engine on the way to making LANXESS even more stable and profitable,” said Matthias Zachert, Chairman of the Board of Management of LANXESS AG. “A strong team is now working at full speed to ensure a rapid integration.”

With the closing of the transaction, LANXESS grows by around 470 employees and the three production sites in Kalama/Washington (USA), Rotterdam (Netherlands) and Widnes (Great Britain).

In 2020, Emerald Kalama Chemical achieved global sales of approximately USD 425 million (EUR 375 million) and EBITDA pre exceptionals of around USD 90 million (EUR 80 million). Within three years, LANXESS expects an additional annual EBITDA contribution of around USD 30 million (EUR 25 million) from synergy effects. The acquisition will already be earnings per share accretive in the first fiscal year after its completion.


Expansion of the product portfolio for the consumer care sector


Around three quarters of the sales of the acquired businesses are attributable to specialty products for the consumer care market.

The acquisition makes LANXESS one of the leading providers of products for flavors and fragrances – an area in which the specialty chemicals company expects to see sustained strong growth rates. The substances are used primarily in personal care products, cosmetics and exclusive fragrances, as well as food and beverages. The product range in the new LANXESS portfolio includes more than 30 aroma chemicals that provide earthy, floral, fruity, spicy and herbal notes.

LANXESS is incorporating this business into the newly established Flavors & Fragrances business unit, which will become part of the Consumer Protection segment.

The acquisition also strengthens LANXESS’ leading position in the preservatives business. The new products will be used in high-growth applications in the food and beverage industry as well as in detergents, fabric softeners, cosmetics and personal care products.


Specialty chemicals for industrial applications


Around a quarter of the sales of the acquired businesses are accounted for by specialty chemicals for high-growth industrial applications, primarily in the plastics, paints and coatings and adhesives industries. The products will be integrated into the Polymer Additives business unit.

Euro figures based on exchange rate EUR/USD = 1.14 (average rate in 2020). Enterprise value and purchase price were converted using current exchange rate EUR/USD = 1.19.

About LANXESS
LANXESS is a leading specialty chemicals company with sales of EUR 6.1 billion in 2020. The company currently has about 14,300 employees in 33 countries. The core business of LANXESS is the development, manufacturing and marketing of chemical intermediates, additives, specialty chemicals and plastics. LANXESS is listed in the leading sustainability indices Dow Jones Sustainability Index (DJSI World and Europe) and FTSE4Good.

LANXESS China
On January 31, 2005, the company was initially listed on the Frankfurt Stock Exchange and LANXESS Chemical (China) Co., Ltd. officially started operations. LANXESS now has 15 subsidiaries, 7 R&D centers and 8 production sites with around 1,500 employees in Greater China. LANXESS works closely with its local partners to develop market-oriented solutions that meet local market needs.