Month: November 2022

DUBAI, UAE, Nov. 30, 2022 /PRNewswire/ — KONKA Group Co., Ltd. (“the Company”; 000016.SZ), a leading technology company, is set to ramp up business expansion in the Gulf Cooperation Council (GCC) region with a focus on strengthening partnerships to increase its retail footprints and launch a series of new products tailored to the lifestyles of local customers.

The announcement comes on the heels of an exclusive distribution agreement the Company inked for the region, which will see the pair working to boost their regional growth by adding new product categories and expanding KONKA’s sales channels to reach a wider customer base in new markets. Riding on the robust momentum in the region, KONKA plans to capture 2 percent of the market by 2023 and further increase the figure in the next five years.

People turn towards in-home entertainment more nowadays, leading to a notable rise in smart TVs featuring operating systems and superior audio-visual systems as platforms for users to access their favorite shows. The persistent demands for TVs, coupled with a sharper focus of users on image and sound quality, fuels the growth of streaming services and the development of TV technology, with technologies such as 4K UHD, HDR, 5G, and OLED having transformed the way people experience the viewing and listening content on their TVs.

To meet the customers’ needs, KONKA continues to scale up the investment in the R&D and production of its TV offerings, equipping its products with the latest features and helping users effortlessly establish their home-theatre setups. While expanding its international presence, KONKA prioritizes offering localized services by fine-tuning its TV operating system so customers across the region can enjoy their local entertainment options and setting up local after-sales teams.

“Customer satisfaction sits at the heart of our business strategy, so our goal in the region is to forge solid and long-lasting partnerships to improve our services and deliver more value to our end-customer,” said Hursh Agrawal, head of KONKA’s brand business in the GCC. “KONKA has become a go-to brand for customers worldwide, offering a wide range of TVs loaded with WebOS, Android, and Netflix OS. Now, we have established a strong foothold in Saudi Arabia, Kuwait, Bahrain, and the United Arab Emirates, and plan to enter Oman and Qatar in the near future.”

About KONKA Group Co., Ltd.

As a platform-based company driven by technological innovation, KONKA’s business scope covers consumer electronics products, semiconductor technology, eco-friendly technology, industrial parks, platform service, and investment & finance. Established in 1980, KONKA is China’s first Sino-foreign joint consumer electronics enterprise that has been listed on Shenzhen Stock Exchange.  Since 1999, KONKA has been ranked among China’s top 100 best companies and has also been named one of the “Top 10 most valuable brands in China”.  With annual revenue of over $7.0 billion, KONKA has more than 40 subsidiaries, 200 sales offices, more than 3,000 service outlets and over 15,000 employees.

For more information, please visit www.konkaglobal.com.

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It is the largest solar thermal project in the world in terms of installed capacity, investment size, and molten salt reserve heat

SHANGHAI, Nov. 30, 2022 /PRNewswire/ — On November 29 (Dubai Time), the Trough Unit No. 1 facility of Shanghai Electric’s 700MW solar thermal and 250MW photovoltaic solar power plant in Dubai has successfully achieved grid-connected electricity generation, marking a significant milestone along the path of the firm’s entry into the renewable energy sector. The facility is already delivering top-notch technical parameters and reliable operation of both the primary and auxiliary equipment, supplying environmentally friendly solar thermal energy to local communities for the first time.

The project, for which Shanghai Electric Group is the contractor, is the fourth phase of the solar thermal and PV power plant developed by Dubai Electricity and Water Authority in Mohammed bin Rashid Al Maktoum (MBR) Solar Park. Connection of the facility to the grid marks the completion of a key goal in Shanghai Electric’s globalization roadmap. Built on the world-leading tower and leveraging trough solar thermal power generation technologies, the project overcomes the limitation that conventional PV power stations cannot generate electricity at night, making it a demonstration model for the Chinese government’s Belt and Road initiative and efforts to achieve global carbon neutrality.

The 250MW PV modules are dispersed in unused locations to maximize site use, while the 700MW solar thermal facility consists of three 200MW trough units and a 100MW tower unit. It is the largest standalone solar PV project in the world, with an area of 44 square kilometers (approx. 17 sq. miles), the equivalent of just over 6,000 standard soccer fields or 100 Tiananmen Squares. The project utilizes roughly 560,000 tons of molten salt and 70,000 heliostats each measuring roughly 25 square meters. The earthwork required for site leveling in the desert amounted to some 40 million cubic meters, which is equal in volume to 41 ‘Water Cubes’ (the well-known aquatics center at the Olympic Green in Beijing) or to the amount of sand and gravel used to construct two of the artificial islands supporting the Hong Kong-Zhuhai-Macau Bridge. The facility, which rises to a height of 262 meters (approx. 860 feet), is the tallest tower solar thermal project in the world. Additionally, it provides the world’s biggest commercially operating slot opening technology with an opening distance of 8.2 meters. Operation of the facility replaces the burning of 2 million tons of standard coal annually. All of these factors combine to make it the largest solar thermal project in the world in terms of installed capacity, investment size, and molten salt reserve heat.

Its location in the middle of the desert, where daytime temperatures can soar to close to 50°C (122°F), combined with the impact of the pandemic, among other factors, led to the project encountering several difficulties during construction, including rising costs across-the-board (of which costs for raw materials witnessed the steepest increases), delays in shipping, supply chain challenges to the fabrication of equipment and a severe staffing shortage. By adopting creative solutions and being meticulous in advance preparation, the project department overcame several technical issues to achieve this milestone.

The energy stored in the trough units and the tower unit, once all units are operational, can generate power continuously for a maximum of 13.5 hours at night and 15 hours during periods of inclement weather. When the entire project is completed, it will bring Dubai significantly closer to achieving its 2050 Clean Energy goal of supplying clean power to 320,000 local families and reducing carbon emissions by 1.6 million tons annually.

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RIYADH, Saudi Arabia, Nov. 30, 2022 /PRNewswire/ — Qoyod, the Best Accounting Solutions Provider in KSA FY2022 specialized in developing state-of-the-art cloud computing technology that transforms traditional accounting into cloud computing, has recently been recognized as one of the best places to work in Saudi for 2022. This acknowledges Qoyod’s commitment towards fostering an environment and culture of engagement, trust and pride among its employees. According to the company results, 94% of the employees are recommending the organization compared to 79% in a typical company across the kingdom.

Considered as the platinum standard for defining great workplaces, the best place to work certification follows a thorough and independent analysis around 8 workplace factors, providing employers the opportunity to assess their people’s practices and learn more about the employee experience and honor those who deliver an outstanding work experience with the highest standards focusing on people practices.

Commenting on this achievement, Abdullah AlDayel | Founder & CEO of Qoyod said, “I always believed that if we looked after our employees being Qoyod’s most valuable asset, they would look after our customers. We are pleased with this award as a culmination of our continuous efforts in providing an attractive work environment for different talents, and building on this success to realize our vision of being the Employer of Choice in Saudi Arabia.”

Every year in Saudi, the program partners with many organizations, across different industries, to help them measure, benchmark, improve their HR practices and have access to the tools and expertise they need to deliver effective and sustainable high performing culture.

For more information, please visit www.bestplacestoworkfor.org

• CheongKwanJang by Korea Ginseng Corp, the luxury red ginseng brand of South Korea marks the 123^rd anniversary of inception
• Safety test on about 430 items up to shipping for eight years, keeping the value of luxury red ginseng

SEOUL, South Korea, Nov. 30, 2022 /PRNewswire/ — Red ginseng is the representative health supplement long loved in South Korea. Red ginseng that has a myriad of efficacy ingredients in balance such as saponin, red ginseng polysaccharide, amino sugar, and mineral which are generated in the course of steaming and drying ginseng dug up from the ground helps improve immunity, as well as fatigue.

The red ginseng brand that represents South Korea is Korea Ginseng Corp(KGC). The brand is accounting for 70% of the Korean red ginseng market and holding the top spot unshakably. KGC, which marks the 123^rd anniversary of foundation this year, is gaining trust of consumers through stringent quality controls over the entire process of raw materials, production, distribution and sales while keeping the tradition of “Korea ginseng” for years.

For best quality, KGC insists on 100% contract cultivation and supplies high-quality materials stably through a systematic cultivation control system. In addition, it implements safety testing on about 430 items for a total of eight years up to shipping — two years of soil management from the phase of cultivation plot selection and six years of cultivation – to produce a safe product that consumers can rest assured for consumption.

KGC is unsparingly investing in research and development of red ginseng for globalization of red ginseng and continuous improvement in quality. Specialists in ginseng at the company’s research institute are conducting many studies, from ginseng cultivation technology to new material development, efficacy and safety, analysis and product development in association with professoriates in the country and abroad.

The institute is the world best as a single research institute; it has gained and applied for about 210 red ginseng-related patents, published about 280 papers after 2000, and obtained 15 self-developed plant variety protection rights. On top of that, it has the equal international competitiveness to overseas certification agencies as it obtained a certificate from Korea Laboratory Accreditation Scheme (KOLAS) for analysis capability on 402 items in six areas for the first time in the world as a ginseng and red ginseng company.

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