CANADIAN FIRM SNAGS AIRPORT PROJECT
SACRAMENTO – 08/11/08 – Canadian transportation multi-national Bombardier has snagged a $29.8 million contract to design, supply and install an automated people mover system at Sacramento International Airport.
The contract was approved by the Sacramento County Board of Supervisors with the people mover forming a significant component of a comprehensive project to modernize the airport.
The automatic train system will transport airline passengers between a ticket terminal and security checkpoints and airline gates at a new Terminal B and, eventually, to Terminal A.
The contract calls for Bombardier also will provide operation and maintenance services for the CX-100 people-mover system for an initial five years, with an option to renew for an additional five years, as well as a pair of battery-powered shuttle vehicles.
The initial five-year contract is valued at $9.5 million. Bombardier beat-out three other companies – two from Japan and one from Austria – for the contract.
Terminal construction is set to start this month and wrap up in late 2011. The people-mover shuttle cars are expected to arrive in Sacramento for testing some time in 2010.
The actual work on the people mover will be carried-out by Bombardier’s Pittsburgh-based subsidiary, Bombardier Transportation.
The Montreal-headquartered parent company reportedly recently that it had concluded similar contracts for projects at airports in Houston and Beijing.
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NETSUITE GOES LIVE IN SINGAPORE
SAN MATEO – 10/28/08 – Business management software developer NetSuite Inc. has launched a new venture - NetSuite OneWorld in Singapore; the move was spurred by forecasts that that Asia-Pacific software as a service (SaaS) revenues will grow from $274 million in 2007 to around $1.8 billion by 2011.
CHINA’S TASTE FOR CAL WINE GROWS
SONOMA – 08/09/08 – California-based vintner Bronco Wine has forged a deal with Legacy Wine and Spirits International to export a selection of its varietal Hacienda label wines to China; the first container of 750ml bottles of Bronco’s Merlot, Cabernet Sauvignon, Chardonnay, Sauvignon Blanc, Riesling, Gewurztraminer, Viognier, White Zinfandel and Brut Sparkling Wine reportedly left the Port of Oakland last week.
SANDISK REJECTS SAMSUNG ACQUISITION BID
MILPITAS – 09/24/08 – US flash memory maker SanDisk Corp. has reportedly rejected a $5.9 billion bid by top memory chip-maker, Samsung Electronics Co., but said it would not rule out a deal at a better price; SanDisk said in a statement that Samsung's $26-a-share cash offer undervalued the company, but it remained open to a deal with Samsung at a price that recognizes its "intrinsic value."
DNP INTL INKS CHINA SUPPLY DEAL
SANTA FE SPRINGS – 09/08/08 – Southern California-based DNP International has signed a multi-year, $1.1 million supply agreement with Huifeng Bio-Pharmaceutical Technology of Xian, China; under the terms of the agreement, the Chinese company will deliver 62 metric tons of glucuronolactone, a naturally occurring chemical compound which has become a popular additive to energy drinks, over the next six months to DNP.
LOMBARD INVESTS $15 MIL IN TAIWAN MANUFACTURER
SAN FRANCISCO – 07/11/08 – Bay Area-based Lombard Investments Inc.
has said it will invest $15 million in Taiwan-based San Shing Fastech
Corporation, a major manufacturer of high quality automotive fastener systems; San Shing said it will use the proceeds to expand its product line and enter new markets.
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