Improved Efficiency in Administration and Compatibility Generate Need for Prothrombin Complex Concentrates

A key protein in blood plasma, prothrombin plays the crucial role of generating active thrombin in the blood when coagulation is required. At present, manufacturers are increasing their focus on building up infrastructure for collecting and storing plasma, to reduce the cost of operations, and meet the increasing needs of anticoagulation therapy, that is gaining popularity among geriatrics.

As per a recent study by Future Market Insights on the global prothrombin complex concentrates market, the rising demand for highly optimized healthcare, and overall sustainability has generated a wide variety of lucrative growth opportunities for manufacturers on a global scale. Moreover, such companies have joined hands with local retailers and distributors to boost the reach of prothrombin complex concentrates in the field of medicine and healthcare.

Efficient, Cost-effective Warfarin Reversal Process with Prothrombin Concentrates

In most cases, the process of reversing anticoagulation of blood is needed before setting up for major surgeries such as hip or knee replacement. The rising prevalence and popularity of anticoagulation therapy can be witnessed, especially for geriatric patients.

For an effective reversal process of warfarin, health care professionals choose from FFP, Vitamin K administration, Warfarin withdrawal, and PCC, of which PCC was generally observed to be the most cost effective alternative as it significantly reduces the duration of the hospital stay and also reduces on laboratory costs.

Even so, the direct costs of healthcare including that of drug and hospital procedures in developed countries ranges somewhere near the US$ 400,000 mark for Prothrombin complex concentrates. While on the other hand, the cost ranges nears US$ 1,200,000 for correctly conducting warfarin withdrawal therapy.

Prothrombin complex concentrates display superlative efficacy in generating the optimal ratios for International Normalized Ratios (INR) immediately after the administration process. The use of prothrombin complex concentrates, eliminate the need for using a specific blood type for the health tests. Moreover, prothrombin complex concentrates are made inactive through the use of viral activity and allows the administration of short-term infusions, while simultaneously eliminating the risk of volume overload.

Recovery and Administrative Benefits Create Demand for Prothrombin

In numerous cases, human plasma is used as a comparable alternative to prothrombin complex concentrates in anticoagulation processes. While on one hand, the incidences of thrombotic complications arising from the use of human plasma is very rare, on the other there are some big disadvantages posed by utilizing human plasma or other alternatives instead of using prothrombin complex concentrates.

For example, the use of prothrombin complex concentrates significantly reduces the time that is taken to achieve a state of homeostasis in comparison to the results from using human plasma. Moreover, the use of prothrombin complex concentrates eliminates the need for compatibility testing prior to the administration of alternative drugs.

Usually, the processes of preparing and administering alternative drugs or human plasma can take up to 2 hours. In comparison, prothrombin complex concentrates take virtually no time to administer. Moreover, prothrombin concentrates are provided to patients in small doses, to negate adverse effects during the rapid reversal process of anticoagulation.

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Affordability Drives the Demand for Electrically Powered Neurosurgical Drills in Hospitals

Minimal or non-invasive surgical procedures are gaining popularity among patients and healthcare professionals, owing to reduced time and cost required for hospital stays, recovery time, trauma, and complications arising after the surgery.

These reductions out of pocket costs boost the demand for minimally invasive surgeries. This is particularly true of neurosurgery procedures, which creates a significant requirement demand for newer neurosurgery surgical power tool variants to eliminate irregularities in brain tissues, nerves, and blood vessels. As per a recent study by Future Market Insights on the global neurosurgery surgical power tools market, these factors will positively influence growth at a CAGR of more than 3% through the end of 2019.

Electrical Neurosurgical Drills Gain Prominence

Electrically powered neurosurgical drills are often used as a comparable substitute to pneumatic surgical drills. With the use of electric motors, electric drills are largely reliant on independent power. On the other hand, these devices they can also be powered through wall socket based plugs. Owing to their relative affordability, electric motors are anticipated to see a year on year rate of more than 2%, and a larger market share. On the other hand, pneumatic neurosurgery drills have a faster year on year rate that is higher than 3%.

Electric drills have a key constraint of providing users with lesser power in comparison to pneumatic drills, but it is relatively cost efficient in comparison to pneumatic counterparts. Moreover, the electric cranial drill motor makes use of an electric power source which is used with attachable surgical tools for cutting or specialized drill bits for operating on the skull of the patient. These power tools also have the capability of extracting soft or hard tissue, in treating health issues of the spine.

Hospitals Display Maximum Demand for Neurosurgery Surgical Power Tools

 Apart from the obvious requirements of healthcare, the key aspects that neurosurgery surgical power tools manufacturers are focusing on are the overall image of the brand, market presence, cost of products, and product safety. These factors are primarily driven by the higher incidences of neurological disorders, higher awareness and acceptance of treatments, rising investments in healthcare, technological and design innovations, and improved regulatory guidance.

Hospitals are anticipated to hold one of the highest revenue shares of the neurosurgery surgical power tools market at more than 80% with steady CAGR of more than 3% worldwide, in comparison to CAGR of less than 2% for neurological centers.

On the other hand, the market is adversely affected by the severe shortage of healthcare professionals with the requisite skills, to meet the demands of the huge base of patients with neurological problems. Moreover, a large number of existing healthcare professionals who specialize in neurosurgery practices, are in the latter stages of their lives, which means that the slow rate and poor consistency of medical education in this field falls short dramatically. As a result, manufacturers are increasingly focusing on increasing product penetration and geographical presence.

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Food Manufacturers Explore Food Pomace Potentiality with New Product Development

High-nutritional content needed in the processed food products has turned out to be a mainstay for the customer-base across the food industry. Fortification has been taken up as a convenient way for helping children in consuming nutrients that they otherwise usually lack in their daily diets. Child obesity is taken as an important focus area by the food manufacturers and are taking in immense efforts for optimize healthy eating by integrating fortification and nutrients in the food products. According to FMI (Future Market Insights) in its recently published report on fruit pomace market, consumer demand with regards to fruit pomace is expected to witness a meteoric rise, given the increasing adoption in several edible products.

Apple Fruit Pomace Could Tackle Surging Child Obesity Cases

Pennotec, manufacturer of sustainable processes and products in UK recently developed an innovative way to deal with the child obesity rate by increasing usage of apple pomace as replacement for high-calorie ingredients. With the help of fruit pomace, in particular, by-product of apple, a consortium headed by Pennotec, the food technology specialist focuses at developing an ingredient that can help in reducing the sugar levels as well as saturated fats in the product range of the popular foods.

Pennotec received funding from Drink Division of Welsh Government and Small Business Research Initiative of Innovative UK and Food, to battle increasing number of child obesity cases and include apple fruit pomace as a key ingredient in the food products. The use of this fruit pomace is likely to enhance the nutritional value in the food composition. The fruit pomace project is primarily aimed at studying the nutritional benefits of apple fruit pomace, while also eliminating high-calorie ingredients inclusive of fats.

Innovative Drying Process of Fruit Pomace with Sun Heat to Eliminate Generation of Carbon Emissions

A latest research by scientists with UC Merced (University of California-Merced) and USDA (United States Department of Agriculture) indicates that heat energy derived completely by sun alone can be highly beneficial for processing fruit pomace in a drier and lighter coproduct. This coproduct is likely to be utilized as an ingredient in the human food in the long run. Stabilizing fruit pomace has turned out to be a big hurdle for the processors. Therefore, for catering to this need, scientists of UC Merced and USDA have demonstrated that solar thermal-powered drum dryer would help in processing fruit pomace into dehydrated coproduct, which is easier to store and handle as well.

All the heat required for drum dryer is completely supplied by sun and the fruit pomace is stabilized and dried without any generation of carbon emissions. Most of all, the coproduct is likely to witness a significant demand as a nutrition-booster food ingredient.

Fruit Pomace Finds Applications in Cosmetics and Food Industry

Researchers from American Chemical Society have recently found out ways through which, grape fruit pomace ingredients can be utilized in cosmetics and food industry as well rather than getting wasted in landfills. The grape fruit pomace will be utilized as a renewable resource for producing antioxidants, dietary fibers and grape oils for health products. Such lucrative efforts are taken by the researchers for increasing economic value of the wine and grape industry, thereby minimizing environmental contamination.

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Environment-Sound Practices May Boost Disposable Cutlery Demand in 2019

Growing popularity of fine dining has been playing a significant role in the growth and development of disposable cutlery market. According to a recently published report by Future Market Insights (FMI) disposable cutlery market is expected to grow at a moderate phase of approximately 4.0% in 2019 on a Y-O-Y basis. In addition, FMI also projects that disposable cutlery market is expected to surpass market valuation of nearly US$ 1Billion in 2019. There are also higher possibilities of disposable cutlery being subject to new charges and taxes in the long run as part of the emerging environmental drive.

Plastic Disposable Cutlery Products to Witness Sluggish Demand

Measures have been taken out for eliminating plastic waste across royal estates and as a point of high evidence, latest news indicates that Buckingham Palace is banning usage of plastics as the royal estate is planning to join increasing number of organizations for phasing out the plastic disposable cutlery. Notable initiatives have been taken up by Hong Kong Convention and Exhibition Centre by encouraging visitors as well as event attendees for bringing their own water bottles, thereby rolling out sustainability measures for eliminating usage of plastic disposable cutlery. Eco-friendly materials have been trending as usage for developing spoons in the disposable cutlery industry that holds adequate resistance properties.

Airline and Railway Catering Application to Hold Massive Share

As a major drive to the plastic-ban change in India, Indian Railway Catering and Tourism Corporation (IRCTC) has embarked on an important project for replacing its plastic disposable cutlery with eco-friendly and wood-based disposable cutlery in all the premium trains. In order to offer trendy and sophisticated services, railways and airlines are taking immense efforts in driving the usage of disposable cutlery by innovative means. With growing demand for disposable spoon and fork in the international and domestic flights from economy cabins, need for disposable cutlery increases. Long-haul flights are expected to contribute significantly towards the increasing sales of disposable cutlery from the airline sector. FMI projects that airline and railway catering is likely to display maximum market value share of nearly US$ 255.5Million in 2019 based on end-use application.

GCC Nations, India to Contribute Substantial Revenue Share

Supermarkets and eateries are taking up immense efforts in reducing usage of plastic disposable cutlery in UAE as plastic disposable cutlery quantity continues to increase across the globe. With a culture that depends heavily on the takeaway food as well as deliveries, concerns regarding the transportation of plastic disposable cutlery daily, continues to rise in UAE. However, major shift has been witnessed amongst various hotels and restaurants in the nation that recently ditched plastic disposable cutlery and are planning to adopt wood based disposable cutlery.

FMI report on disposable cutlery market indicates that on the basis of value, India holds the highest market value of nearly US$ 228.8Million in 2019. Though immediate pricing on the eco-friendly disposable cutlery is high compared to plastic disposable cutlery, growing awareness regarding the health and environmental benefits is encouraging the Indian population to eliminate the usage of plastic disposable cutlery products. With Maharashtra’s ban on plastic usage, wood based and other emerging types of disposable cutlery have turned out to be the default choice.

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Smart Dental Hygiene Devices to Gain Preference in 2019

With increasing development of the healthcare infrastructure along with probable expenditure of nearly US$ 9.9Trillion in 2019, according to Future Market Insights, production of dental hygiene devices is likely to increase at an exponential rate. As per a latest published report by FMI (Future Market Insights), dental hygiene devices market is likely to grow at a moderate phase of nearly 4.7% in 2019 on a Y-O-Y basis. In addition, FMI also projects that dental hygiene devices market is estimated to surpass market valuation of approximately US$ 3.8Billion in 2019. According to WHO, dental caries are affected by nearly 80% of the adults and children, thereby significantly driving the need for dental hygiene devices.

US To Witness Emergence of New Dental Hygiene Devices Preserving Periosteum

North America is expected to expand at a sluggish rate of nearly 3.8% on a Y-O-Y basis in 2019. However, growing prevalence of the oral diseases and increasing number of skilled dental hygienists across the U.S. is likely to support growth of North America dental hygiene devices market. Recently, US has witnessed the emergence of all-new ultrasonic bone surgery dental hygiene devices, such as Piezotome Cube aiming at making tooth extraction more atraumatic. High-frequency ultrasonic vibration of the dental hygiene devices helps in eliminating need for cutting surgical flap in gingiva, thereby preserving the periosteum.

Potential Opportunities in APAC Spotted

Asia-Pacific is likely to take the lead in dental hygiene devices market in 2019 with India and China contributing on a major basis, with increasing number of cases regarding dental caries. In India, oral and dental health is often neglected by the people. However, with increasing awareness of cosmetic dental treatments and need for enhancing personal esthetics, positive impact is witnessed in the growth and development of APAC dental hygiene devices market. Growing adoption of fresh breath strips and electric toothbrushes further drives the region’s dental hygiene devices market.

Smart Tooth Brushes in the Making

Adoption of innovative dental hygiene devices such as battery and electric-powered tooth brushes especially by the middle and high income groups are expected to drive the dental hygiene devices market at a significant pace. Customized designs for the children and adults are increasingly made available in the global market, thereby driving sales of dental hygiene devices. Pairing toothbrushes with app and other latest technologies is the ongoing trend in the dental hygiene devices market. Brands such as Sonicare and Oral-B are drawing out all stops in the race for being the smartest and best in electric toothbrush sphere, which in turn dives-in possibilities of emergence of new and innovative dental hygiene devices. In addition to this, Colgate also has strived harder to stay in the race of smart toothbrush development with launch of E1 Smart Connect that connects the end-user’s iPhone through Bluetooth.

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Businesses to Gain from RFID-enabled Bulk Chemical Packaging, Projects Study

Pharmaceuticals and chemicals will continue to remain both fastest growing and largest in the bulk chemical packaging market. With rapidly increasing availability of bigger reusable container such as RIBCs (Rigid Bulk Packaging) and FIBCs (Flexible intermediate bulk container), demand for bulk chemical packaging continues. Future Market Insights (FMI) projects that non-traditional chemical producers are increasing the usage of bulk chemical packaging containers, underpinned by strong growth of chemicals industry.

Drums To Witness Demand Fluctuations

Recent study by FMI predicts that sustained development in the output of chemical products, especially in the fast-growing economies such as Vietnam, Indonesia, India and China is likely to boost demand for drums in bulk chemical packaging market. Despite a largely favorable outlook with constant expansion of global economy, prospects for drums in the bulk chemical packaging market will be tempered by the growing competition from large-capacity IBCs and fiber drums are likely to lose market share both to the other drum types as well as to the alternative packaging formats available in the bulk chemical packaging market.

Intermediate Bulk Container (IBC) Prove Significantly Lucrative

Companies such as Mauser is taking immense efforts in acquiring MaschioPack, for expanding its IBC footprint. Apart from this, Grief Company has recently launched its new multi-million euro IBC plant in Netherlands for offering its customer-base with cutting-edge IBC technologies available, with growing focus on food industry. Moreover, this bulk chemical packaging company has also taken efforts in launching GCUBE® Shield for IBC’s that provides revolutionary barrier protection along with enhanced operational performance, shelf-life and product stability.

RFID Technology to Remain Trending

Reusable packaging solutions including IBCs are progressively implemented along with trace and track technologies such as RFID (radio-frequency identification). The innovative bulk chemical packaging technology not only helps manufacturers in tracking IBCs but also enhances their servicing effectiveness, thereby managing accurate supply capabilities. Suppliers and manufacturers of IBCs are constantly facing challenges arising from delay in supply of the IBCs. Validating availability of the IBCs by means of the innovative bulk chemical packaging technology, enables the manufacturers in avoiding unnecessary costs related to the expendable form of the packaging solutions. With growing usage of RFID technology in bulk chemical packaging market, suppliers can avoid confusions leading to the poor business relationships.

Furthermore, the innovative bulk chemical packaging technology has benefitted suppliers and manufacturers with effective cost saving tools for consumers. End-users availing IBCs for shipping products such as the agricultural produce and food ingredients can save costs, thereby eliminating the physical counting of inventories with the implementation of RFID tags for controlling and managing the overall inventory. Efficient functionality has encouraged various IBC manufacturers for making heavy investments in the innovative bulk chemical packaging technology, in order to enhance customer service as well as to save the overall operational costs.

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Box and Carton Overwrapping Machines: Food Industry Exhibits Maximum Demand

Rapidly surging production of perfume boxes, gift boxes, retail packages and cigarettes significantly drives the growth and development of box and carton overwrapping machines market. Although box and carton overwrapping machines market is likely to expand at a healthy pace, growing adoption of the flexible packaging solutions might pose as a threat in 2019. Companies in the box and carton overwrapping machines market might witness surging demand for the highly precise as well as completely automatic box and carton overwrapping machines in 2019, with growing demand for unique stretch overwrapping machines, as per a recent market study by Future Market Insights (FMI).

Demand High for Cost-Effective Box and Carton Overwrapping Machines

Growing demand for enhancing appearance and protection of packaged products from the viscous liquids dives-in considerable need for box and carton overwrapping machines. In order to secure product as well as to experience an effective transportation, need for applying basic wrapping films on the package becomes more vital, thereby driving usage of box and carton overwrapping machines. Companies in box and carton overwrapping machines might focus on smart packaging solutions, thereby reducing labor costs and enhancing appearance of packaging for catering to the consumer appealing demands. With growing availability of bar codes, QR codes and various other labels on wrappers, demand for effective packaging is catered, thereby driving the usage of box and carton overwrapping machines.

Food Sector in Emerging Regions to Hold Incremental Opportunities

Companies in the food and beverage sector are taking immense efforts in launching products that helps them with reduced labor costs, thereby attaining higher production outputs at minimal time frame. This is the notable factor driving the demand growth of box and carton overwrapping machines in food sector in emerging economies such as MEA, Latin America and Asia-Pacific. The FMI study also projects that food sector is likely to offer high incremental opportunities compared to other end-use applications. Integration of various components in production line helps in significantly increasing production efficiency in the long run, which in turn drives the demand for innovative and automatic box and carton overwrapping machines. Nearly 80% of the companies in box and carton overwrapping machines market have been looking for quick change-over as a vital factor in identifying traits of packaging machinery.

Opportunity Analysis: Mergers and Acquisitions Remain a Key Expansion Strategy in China

Companies in China box and carton overwrapping machines market might make heavy investments in R&D for improving their access in new overseas markets, thereby expanding their global reach in the box and carton overwrapping machines market across the globe. Recently, government of China has taken up notable efforts by encouraging ODI (Overseas Direct Investment) by the Chinese companies. Multinational businesses are therefore targeting China with several expansion activities including mergers and acquisitions. Market expansion strategies are expected to play a significant role in attracting new customers in the box and carton overwrapping machines market, thereby enhancing market foothold of the manufacturers.

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Rising Preference for Automation and Smart Technologies Drives Development of Power Tools

Constant efforts by manufacturing industries towards reducing time and manpower required for operations, is the key driver behind the rapid growth of the global power tools market, owing to the streamlining of repetitive activities in the sector, and the reduction of errors, by human hands through power tools. The production of affordable and energy-efficient tools are important factors that drive the rise of the global power tools market in the foreseeable future.

What innovations are manufacturers making to enhance the efficiency of power tools?

Power tools manufacturers are witnessing rapid growth, which is largely reliant on the inclusion of technologies that feature smart reactive operations and automation, through pneumatic or power actuated systems. Moreover, power tool producers are increasingly shifting to cordless variants of products such as saws, crimpers, and wrenches among others. This can be attributed to the preference for increased portability and improved battery technologies for longer operational time on a single charge.

Will the surging Asia Pacific construction industry influence power tool sales?

Numerous opportunities for power tools manufacturers are anticipated to emerge mainly owing to the rapid infrastructural development of cities across major emerging economies of Asia such as China and India. Moreover, China is also the largest producer of branded power tools in the worldwide market, accounting for approximately 80% of the total supply, owing to the standard low price points, which is aiding the local construction industry as well.

What are the key safety standards relevant to the production and operation of ride-on power trowels?

ISO 11148-2:2011, IEC Standards, and OSHA Certifications are a few of the many internationally respected certifications that power tools manufacturers are aiming to target in terms of compliance to raise their use in different parts of the world. Certifications from such organizations keep evolving with the development of new technologies and the need of the end use industry, influencing design and material features, along with operational guidelines for new additions to product portfolios. 

Will Lithium ion batteries play a role in shaping the future of power tools?

With the growing application of cordless power tools, an extended battery life is a key quality that manufacturers are looking to incorporate in their products. As a result, lithium-ion batteries are increasingly replacing nickel-cadmium and nickel-metal hydride batteries. This can be attributed to the smaller and lightweight properties of lithium batteries, in addition to the elimination of self-discharge, enabling storage for long durations, without power drain. Lithium ion batteries also provide better energy density increasing the efficacy and demand for power tools.

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Companies Focus on Innovative Active Pharmaceutical Ingredients for Efficient Animal Healthcare

A senior analyst discusses on how innovative animal healthcare programs are benefiting the overall animal healthcare landscape.

Demand for high-protein diets has led to commercial farming of the meat and milch cattle. In developed regions such as North America, governments are taking active initiatives in controlling and preventing animal diseases, thereby, creating advisory systems for raising awareness in the general population regarding animal healthcare. Several pharmaceutical companies are increasing their focus towards animal healthcare market, catering to the surging incidences of animal disease outbreaks and hygiene management products.

How are animal healthcare programs beneficial?

On a broader perspective, with the latest animal healthcare program, an initiative by Madhya Pradesh (MP’s) Animal Husbandry Department, signing a MoU (memorandum of understanding) with BFIL (Bharat Financial Inclusion Ltd), the animal owners could avail wide-ranging veterinary services by just dialing toll-free helpline number- 1962. This animal healthcare program is likely to help the farmers, who face major issues in bringing their cattle to the animal healthcare centers.

What are some of the most recent developments in the global animal healthcare market?

Robinson Animal Healthcare, manufacturer of animal’s first-aid woundcare as well as absorbents launched an all-new Animalintex Hoof Treatment, highly beneficial in rapid treatment of the foot conditions. This new animal healthcare product is the sole VMD (Veterinary Medicines Directorate) licensed product in UK consisting of multi-layered absorbent poultice.

Colorado State University introduced a new certificate, known as Spanish for Animal Health and Care for ensuring students in animal science and veterinary fields would be equipped for communicating with the Spanish speakers in a ranch setting.

How is the trend of pet ownership taking a major leap in North America animal healthcare market?

Most of the people in U.S. own a cat or dog, which in turn increases animal expenditure especially by the millennials that are driving humanization of their furry companions. Animal healthcare is one of the most innovative and developing industries of the U.S. Animal healthcare products helps in enhancing activities in pet services, dairy and meat production, animal production and veterinary services. In addition, animal healthcare market in North America has witnessed some major M&A for attaining expertise in launching new and innovative active pharmaceutical ingredients. For example, Zoetis lately acquired Nexvet, biologic therapeutics company for introducing monoclonal antibody therapies, benefitting companion animals suffering from chronic pain.

What are some of the market strategies adopted by key companies in the animal healthcare market?

Animal healthcare manufacturers such as Neogen Corporation are taking immense efforts in acquiring animal genomics laboratory such as the one Delta Genomics Centre owns in Canada. Such acquisitions are done for enhancement of business in the particular region. Several manufacturers such as Henry Schein are planning on merging with animal healthcare businesses and start-ups, in a bid to form new companies.

In a nutshell, with increasing number of pet owners willing to make heavy payments for veterinary care, upsurge in demand for the food supplements is likely to increase at a significant rate in the animal healthcare market.

Global Animal Healthcare Market Value - By Product Type
Global Animal Healthcare Market Value – By Product Type

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Alderon, Kami LP Signs Memorandum of Understanding with Schneider Electric for Digital and Advanced Mine Operations

Alderon, the Vancouver based Mining Corporation with operations in Labrador Trough, and Kami Mine Limited Partnership have signed a joint memorandum of understanding with Schneider Electric for development funding as well as equipment acquisition for the Kami Iron Ore Project.

Alderon CEO Tayfun Eldem said that Schneider Electric was chosen owing to wide range of product and service offerings in mine digitization, process control and power and energy management. The Kami LP will harness Schneider’s expertise in providing sustainable energy solutions for optimal usage and energy costs for Kami’s Mining projects.

The collaboration is aimed at reducing equipment cost and capital spending as well as accelerating the project timeline. A September 2018 feasibility study conducted by the Kami estimated an average capital spending of $982.42 million for producing a quantity of 7.84 million tons/y of 65.2% Fe concentrate.  It also envisaged a construction period of 26 month. 

This timeline is expected to shrink to a reduced time by the use of Schneider’s EcoStruxure platform which will help Alderon in creating fully digital, efficient and advanced mine as a part of the Kami Project. The EcoStruxure platform according to the company is platform which offers world class technological solutions by using advances in IT and unlocks trapped potential in operation by harnessing the latest developments in Internet of Things.

The terms of the MoU also include Schneider Electric assisting The Kami LP in its efforts to raise funds by facilitating discussions and making introductions with potential funding sources including export credit agencies in regions where Schneider has manufacturing units. The Kami LP under the terms of the agreement have been given a free hand in choosing whether to purchase the equipment for its project or lease it.

Alderon has 75% stake in The Kami mine project in Labrador trough while HBIS Group owns about 25% of the project through Kami LP. The Kami Iron ore project is expected to have great impact on Canada’s economics by generating C$76 billion for businesses and workers creating 100,000 jobs. The project will fill government’s coffers by C$5.1 billion in federal and provincial tax revenues. The Mineral resource estimate of the project is around 12 billion tonnes at 29.8% iron and additional 522.6 million tonnes at 29.5% iron. The company has announced partnership with China’s largest steel producer HBIS Group for the Kami Project.

Alderon’s shares have surged by over 6.52% in last 12 months but traded 4% lower on 9 Jan 2018. The company is capitalized at C$33.88 million.