Vice President of Laos, Ms. Pany Yathotou visited a rice factory in Champasack’s Mounlapamok district on Tuesday where they utilize modern machinery to grow rice.
DHL Express kicks off 2023 with Top Employer achievement for Asia Pacific
- Also recognized in 10 Asia Pacific countries and territories, this is the company’s ninth consecutive year to secure the certification for the entire region
- 2022 also saw DHL Express win a total of 53 workplace recognitions in Asia Pacific
SINGAPORE – Media OutReach – 20 January 2023 – DHL Express, the world’s leading international express service provider, has started 2023 on a positive note with the achievement of Asia Pacific Top Employer 2023 for the ninth consecutive year. Additionally, the Top Employer Institute also awarded 10 countries and territories across the region the Top Employer certification. These include Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Pakistan, Philippines, Thailand and Vietnam.

The Top Employers Institute certifies organizations on their people practices so that these companies can assess and improve their workplace environment. To be a certified top employer, companies participate in an independently audited HR Best Practices Survey, and are evaluated in 20 categories, ranging from business and people strategy, digitalization, employee wellbeing, career and learning opportunities to diversity and inclusion as well as sustainability.
Furthermore, DHL Express also wrapped up 2022 with more than 50 HR awards won by individual national companies. These include recognitions for workplaces celebrating diversity while creating a positive and happy environment. The accolades are also aligned with the company’s annual Employee Opinion Survey. Employees gave a score of 97 out of 100 for “Employee Engagement”, indicating their overall satisfaction with the company.
“This is great news to start the new year,” said Ken Lee, CEO for Asia Pacific, DHL Express. “The Top Employer recognition is a massive pat on the back for all of us. I am also incredibly proud of our team and the number of awards they have won. We’ve always focused on our people’s well-being and will continue to do so.”
Investing in people and providing development opportunities
Each year, DHL Express invests more than EUR300 per employee to ensure they have access to learning and career development opportunities. To foster a sense of belonging and enable leadership development is the internal training initiative “Certified”, where employees gain the knowledge and skills needed to perform their job competently.
The investment also goes to taking care of people’s well-being and needs. For example, the company organizes yoga and meditation workshops to help employees manage their physical and mental health. Employees can also dial a 24-hour employee assistance hotline hosted by professional counselors whenever they need a listening ear.
“We are honored to be the Top Employer as it shows that we have robust policies and initiatives. As we navigate the changing workplace landscape, we continue to make things right and treat people with respect,” said Mateen Thiruselvaam, Human Resources Senior Vice President for Asia Pacific, DHL Express. “Awards may be important, but our people are an indispensable asset. Our employees see us as an HR trusted partner. We must continue to find ways to engage our people in open and meaningful conversations, to drive positive change across the organization.”
As a global company with an international network, DHL Express employs about 120,000 specialists worldwide, covering hundreds of professions such as parcel delivery, hub operators, aircraft maintenance, network planning, IT, and more. Last year, 27% of females in Asia Pacific (excluding China) are in middle and upper management. The aim is to increase the share of women in leadership positions to 30% by 2025.
Hashtag: #DHLExpress #TopEmployer2023 #AsOne
https://www.linkedin.com/company/dhlexpress/
The issuer is solely responsible for the content of this announcement.
DHL – The logistics company for the world
DHL is the leading global brand in the logistics industry. Our DHL divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With about 380,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as “The logistics company for the world”.
DHL is part of Deutsche Post DHL Group. The Group generated revenues of more than 81 billion euros in 2021. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. Deutsche Post DHL Group aims to achieve net-zero emissions logistics by 2050.
Chinese consumers are eager to purchase luxury as a means of social advancement and self-differentiation, finds KPMG report
Over 70% of Chinese consumers plan to head overseas once Chinese Mainland’s quarantine policy is lifted
HONG KONG SAR – Media OutReach – 20 January 2023 – The Chinese Mainland’s rapid urbanisation and economic development has led to a booming luxury market, and purchasing habits of consumers have become more complex than ever. Chinese consumers are eager to purchase luxury as a means of social advancement and self-differentiation. They are also highly accustomed to shopping during their travels, with over 70% of Chinese consumers planning to travel overseas after the lifting of the Chinese Mainland’s quarantine requirements.
The 2023 KPMG China and DLG (Digital Luxury Group) Luxury Redefined: Building trust with Chinese consumers through authenticity and integrity report is based on a survey of 2,653 consumers living in the Chinese Mainland and Hong Kong. In this study, KPMG identified key takeaways for luxury brands to consider in targeting the evolving Chinese consumer, including being purpose-driven, respecting local culture, leveraging digitalisation, understanding the new luxury concept and capitalising on Gen Z growth. The report also draws upon insights from in-depth interviews with executives from the luxury industry to supplement the findings.
Willi Sun, Head of Advisory, Consumer & Retail, KPMG China, says: “Given the rapid development of the country throughout the years, Chinese consumers are evolving fast and have developed a global perspective within a relatively short period of time compared with other mature economies. The definition of luxury among Chinese consumers may not always be the same as how the West views luxury.”
Purchasing power is a critical factor in the ability to buy luxury items and drives the development of consumer mentality. According to the survey, Chinese consumers were found to have the confidence to spend, with increased income and economic development allowing for greater purchasing power and thus a growing appetite for luxury goods. They are eager to purchase luxury as a means of social advancement and the expression of personality, and highly influenced by media content in their purchasing decisions.
Gen Z is rapidly becoming the largest consumer base for luxury brands, and their propensity to consume is quite strong. Based on the survey, 21% of Gen Z survey respondents are willing to spend more than 16% of their income on luxury – a relatively large proportion for individuals who have just completed their first degree or recently entered the job market. Their preferred channels for purchasing are key e-commerce platforms and brand official channels.
Following nearly three years in relative isolation, massive shifts in the global luxury market are to be expected once leisure travel for Chinese shoppers resumes as well. A couple of phases can be expected during this reopening process: The first phase will be a period of transition where actual travel might be slow to pick up, and a second phase is expected to kick in when travel truly resumes. COVID-19 has irrevocably impacted the shopping patterns of Chinese consumers, and an immediate rebound in spending and return to old habits is unlikely. However, an adjustment in the proportion of domestic and international luxury spending can be expected. At the same time, when international travel resumes for Chinese shoppers, additional questions related to consumer data collection and the reactivation of these shoppers when they return to China will also resurface.
While WeChat has been the most appealing platform in China for CRM because of its advanced data collection capabilities that allow for better consumer segmentation and more effective life cycle communications, international brands in the market do not always have the right infrastructure in place.
Pablo Mauron, Partner and Managing Director of China, DLG (Digital Luxury Group), says: “Global brands have been able to get by with a somewhat extended version of their global CRM infrastructure in China until the Personal Information Protection Law (PIPL) came into effect in 2021. With these new regulations, brands now have to completely rethink their consumer data infrastructure to both meet local regulations and maximise performance – something that is exceedingly important at a time when customer retention and life cycles have become a growing
focus for brands.”
Young people are also increasingly adopting an environmentally friendly lifestyle. This trend is reflected in the increased demand for sustainable travel, with the consumer survey indicating that 90% of Chinese Mainland respondents agreed to put more effort into achieving sustainable travel. According to the survey, the younger generation places a higher importance on sustainability and corporate responsibility when making luxury purchases: 30% of surveyed consumers aged 18 to 24 think it is a key consideration, compared with only 16% for those aged between 45 to 54.
Jennifer Weng, Head of Tax, Consumer & Retail, KPMG China, says: “Mindsets of Chinese consumers may change due to external factors such as relevant policies on ESG and brands’ initiatives around consumer education. Some of these top-down actions are pushing consumers to think and act differently than they would have without this influence, leading to higher awareness and different purchasing behaviours.”
The definition of luxury is changing. The study found that corporate responsibility was the second most important factor in potentially changing consumers’ purchasing habits and mentality. In addition, when preferred brands are found to conflict with a consumer’s personal beliefs or values, more than 40% of respondents will stop purchasing from those brands, and even persuade others to do the same.
Hashtag: #KPMG
The issuer is solely responsible for the content of this announcement.
About KPMG China
KPMG China has offices located in 31 cities with over 15,000 partners and staff, in Beijing, Changchun, Changsha, Chengdu, Chongqing, Dalian, Dongguan, Foshan, Fuzhou, Guangzhou, Haikou, Hangzhou, Hefei, Jinan, Nanjing, Nantong, Ningbo, Qingdao, Shanghai, Shenyang, Shenzhen, Suzhou, Taiyuan, Tianjin, Wuhan, Wuxi, Xiamen, Xi’an, Zhengzhou, Hong Kong SAR and Macau SAR. Working collaboratively across all these offices, KPMG China can deploy experienced professionals efficiently, wherever our client is located.
KPMG is a global organization of independent professional services firms providing Audit, Tax and Advisory services. KPMG is the brand under which the member firms of KPMG International Limited (“KPMG International”) operate and provide professional services. “KPMG” is used to refer to individual member firms within the KPMG organization or to one or more member firms collectively.
KPMG firms operate in 143 countries and territories with more than 265,000 partners and employees working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. Each KPMG member firm is responsible for its own obligations and liabilities.
KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.
In 1992, KPMG became the first international accounting network to be granted a joint venture licence in the Chinese Mainland. KPMG was also the first among the Big Four in the Chinese Mainland to convert from a joint venture to a special general partnership, as of 1 August 2012. Additionally, the Hong Kong firm can trace its origins to 1945. This early commitment to this market, together with an unwavering focus on quality, has been the foundation for accumulated industry experience, and is reflected in KPMG’s appointment for multidisciplinary services (including audit, tax and advisory) by some of China’s most prestigious companies
About DLG (Digital Luxury Group)
DLG (Digital Luxury Group) is an international agency with offices in Geneva, Shanghai and New York that offers social media, e-commerce, CRM, consulting and creative services to luxury brands. It has developed a unique expertise in defining and implementing impactful digital strategies that target sophisticated consumers through a combination of technological know-how, creativity and luxury savoir-faire.
HSG Offers A Digital Payment Platform To ACU In Emerging Markets

Thailand is one of 60 countries where ACU Group is trademarked, the location is of great importance. ACUPAY Thailand aims to provide customers with the utmost quality, convenience, innovation, and security.
ACU Group has chosen HSG to provide customers with the following features for its payment service:
- Convenient top-up
- Flexible and easy payments
- Consumer-friendly operations
- Straightforward account opening
- Customer migration assistance
The ACUPAY project started in September 2022, targeting to roll out in Thailand by end of February 2023. Both teams are collaborating to complete a unified effort, once the Thai version is up and running, the project will be replicated in Malaysia and other African countries.
“We are very excited to collaborate with HSG on this project because it aligns with our strategic vision of improving our customer experience and offering our payment services to more countries in Asia and Africa. It is key to our effort to contribute to and support the country’s digital evolution.” said Mr. Thor Yang, Chairman of ACU Group Hong Kong.
This project–which was a rousing success–has set ACUPAY Thailand up for a long-term stronghold in the FinTech space. It also marks the beginning of our lucrative business partnership.
Central Bank Digital Currency: FinTech At The Highest Level
Central Bank Digital Currency (CBDC) is a digital currency issued by a central bank and tied to the country’s national currency. The Hong Kong Monetary Authority (HKMA) has been performing in-depth research on this subject since 2017.
Also, the Bank of England opened supplier applications last December for CBDC sample digital wallets. The goal of this project is to enable CBDC ledgers to interface with the private sector.
“Consumers can own a CBDC in a wallet or account and use it for payments. This would serve as a public digital banking option that anyone can use. It could be especially helpful for consumers who can’t access traditional banking services.” said Terry Liang, CEO of HSG, an award-winning FinTech solution provider serving major banks in China and APAC for the last 25 years.
Delving Into ACU Group And HSG’s Joint CBDC Initiative
While CBDC is undoubtedly filled with potential on a massive scale, it’s in its infancy. Established institutions are curious, but they’re also slow to adopt all facets of FinTech.
Features–like a digital wallet or currency–aren’t new to these high-level organisations. Still, the institutions in question haven’t dived headfirst into the FinTech revolution.
However, that hesitancy will change. Soon, CBDC–and other FinTech facets–will be the norm for central banks.
The ACUPAY APP developed jointly by ACU Group and HSG will ultimately allow a user to make consecutive digital payments with immediate settlement. The wallet user can initiate payments using any channel: contactless, QR Code, and the same terminals and standards currently used for card payments.
The aim is to provide customers with high-convenience, high-quality, highly secure, and innovative payment services.
The mounds of research and development ACU and HSG have compiled on Central Bank Digital Currency will put us far ahead of the pack. To that point, our joint digital wallet system has entered the testing stage, and the results–thus far–have filled us with excitement for the future.
Hashtag: #digitalbanking #digitalcurrency #CBDC #digitalwallet #corebanking #fintech #payment #thailand
https://www.linkedin.com/company/hisunglobal
The issuer is solely responsible for the content of this announcement.
DHL Global Forwarding Asia Pacific recognized as Top Employer 2023
- Also certified as Top Employer 2023 in 45 country organizations spanning Africa, Asia Pacific, Europe, Middle East and North America
- DHL Global Forwarding is the only freight forwarder and one of only 15 companies to be named a global Top Employer 2023
- The certification recognizes the company’s outstanding human resources policies and practices
SINGAPORE – Media OutReach – 20 January 2023 – DHL Global Forwarding, the air, ocean and road freight specialist of Deutsche Post DHL Group, has been certified as Top Employer in Asia Pacific for the fourth time in a row. The certification acknowledges DHL’s extensive efforts to create a positive, safe and encouraging workplace for its employees. In addition to being certified Top Employer 2023 in Asia Pacific, DHL Global Forwarding was also recognized as a Top Employer globally in 45 country organizations, including Bangladesh, India, Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam.

Globally, DHL Global Forwarding receives the certification as Top Employer Global 2023, Top Employer Africa 2023, Top Employer Europe 2023, Top Employer Middle East 2023 and Top Employer North America 2023.
“Being recognized as a Top Employer in Asia Pacific for the fourth year is a row is a testament that we are moving in the right direction of our people-first practices. Our people are our greatest asset, and we will keep investing in initiatives on our employee’s well-being, training and career development opportunities, and to foster a diverse and inclusive work culture. We will continue to build an environment where people can thrive at work and in their personal development. Our people’s commitment to excellence is what drives our business forward where we provide world-class logistics and transport solutions. Congratulations to all colleagues who make this possible,” said Kelvin Leung, CEO, DHL Global Forwarding Asia Pacific.
The Top Employers Institute program certifies organizations based on the participation and results of their HR Best Practices Survey. This survey covers six HR domains consisting of 20 topics including People Strategy, Work Environment, Talent Acquisition, Learning, Diversity & Inclusion, Wellbeing and more. DHL Global Forwarding carries out numerous HR initiatives and activities in these areas worldwide, to create a positive working environment where talent and excellence can grow.
Among other things, DHL Global Forwarding was recognized for introducing sustainability as a new key performance indicator in 2022. This process will be completed in 2023.
“Being awarded as one of the best employers in Asia Pacific makes me really proud,” says Celine Quek, Senior Vice President and Head of Human Resources, DHL Global Forwarding Asia Pacific. “Our success is built on the talent and expertise of our people, which is why we offer many learning opportunities while providing a flexible work environment to support the different needs of our colleagues. We also champion diversity and inclusion to promote an environment where everyone feels valued and respected. Thank you to all colleagues. We will continue to do more to stay ahead of the evolving needs of our people, our business and the environment that we operate in.”
In addition to DHL Global Forwarding, all other Deutsche Post DHL Group divisions were certified as Top Employer 2023, either at global, regional or country level. For the first time, Deutsche Post DHL Group received the Top Employer Award as a Group in Europe. With 590,000 employees working in five divisions in more than 220 countries and territories Deutsche Post DHL Group is one of the largest employers worldwide.
Hashtag: #DHL
The issuer is solely responsible for the content of this announcement.
DHL – The logistics company for the world
DHL is the leading global brand in the logistics industry. Our DHL divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With about 380,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as “The logistics company for the world”.
DHL is part of Deutsche Post DHL Group. The Group generated revenues of more than 81 billion euros in 2021. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. Deutsche Post DHL Group aims to achieve net-zero-emissions logistics by 2050
Sunmood Divorce Consultancy Announces the Expansion of Customer Service Hours and the Implementation of a WhatsApp-based CRM System to Improve Divorce Services
In addition to the expansion of customer service hours,Sunmood Divorce Consultancy has also introduced a new communication-based customer relationship management tool utilizing WhatsApp API. This move is in response to the increasing demand for the company’s divorce services. The new tool will streamline the operations and enhance the customer experience by providing a more efficient and convenient means of communication.
The company recognizes the importance of staying ahead of market trends and continuously improving its services. The integration of WhatsApp API into its customer relationship management system is a testament to the company’s commitment to innovation and its ability to adapt to the evolving needs of its customers. This new tool is expected to further improve customer satisfaction and support the growth of the company’s divorce services division. Some features about the new tool:
- Chatbot integration: The ability to automate responses to common customer inquiries, such as business hours, pricing, and service availability.
- Two-way messaging: The ability for customers to initiate conversations with the company and receive responses in real-time.
- Multi-language support: The ability to communicate with customers in multiple languages, making the CRM tool accessible to a global audience.
- Automated workflows: The ability to automate certain tasks, such as sending appointment reminders or follow-up messages.
- Analytic and reporting: The ability to track customer interactions and gain insights into customer behavior and preferences.
- Secure communication: End-to-end encryption to ensure customer data is secure.
- Personalization: The ability to personalize the communication with customers by addressing them by name or creating a personal connection
- Customizable Templates: The ability to create and use pre-written templates for common customer interactions.
Hashtag: #SunmoodDivorceConsultancy
The issuer is solely responsible for the content of this announcement.
About the company
Sunmood Divorce Consultancy is a leading provider of expert divorce consultation services ( 離婚手續). The company’s team of dedicated professionals are committed to guiding clients through the complex process of divorce, with a focus on providing personalized solutions for each client’s unique situation. Their range of services includes alimony (
贍養費), child custody and China Hong Kong divorce proceedings. Sunmood
“We now have a team ready to help with divorce questions 24/7, using advanced technology,” said Kate Lai, Director of Divorce Consulting. “We always put our clients first. Our experts have a lot of knowledge about divorce and can provide good solutions. We look at each client’s specific situation, come up with plans, solve problems and anticipate needs to get the best results for our clients.”
Website: https://sunmood.com.hk/
Clash of Clans Showcases Rabbit Year Publicity Animation, Releasing Limited-Edition Skins and Scenery

In the past two years, Clash of Clans has launched publicity videos with the themes of “Chinese New Year’s Market” and “the Great Wall,” leaving deep impressions on the audience along with Spring Festival-specific content in the game. And again, in this Year of the Rabbit, COC showcased the exquisite publicity animation specifically for the Spring Festival. In the publicity animation named “May the Rabbit Be With You,” the Wizard and the Rabbit, his fellow, come on the magic stage of shadow puppets, which integrates traditional Chinese elements such as the Year of the Rabbit and shadow puppets and brings a fantastic carnival! To watch this video, please visit https://youtu.be/_I9T4hxmZXU
New Highlights in Traditional Shadow Play
Starting from the familiar Clash 3D animation, this COC publicity video presented the “Magic Theatre,” specifically launched for the Rabbit Year Spring Festival. On the stage of the theater, the Wizard performed his signature magic and recalled his fellow—a rabbit. Whether in clan war or performance, the rabbit has always accompanied the Wizard over the last ten years. So it is natural that the rabbit also engages in the performance during the Spring Festival. As the rabbit shows up, it rapidly jumps onto the stage curtain, with the animation style switching to a shadow play format and the kick-off of a magic show!
Fantastic and interesting shadow play guided the audience through a magical world with the Wizard and the rabbit—each scenery that they pass through is so friendly for those who are familiar with shadow play and traditional Chinese culture, and so miraculous for those who are unfamiliar.
After a series of magical adventures, the Wizard and the rabbit return to the stage, while the light and shadow remain at the back of the stage. This implies that the true hero, Lunar Queen, is on her way!
Starting from the Wizard’s Spring Festival performance, the publicity video for COC created the atmosphere of the Chinese Spring Festival of the Rabbit Year with rabbit and shadow play elements, and introduced the brand new hero skin of the Lunar Queen with a complete story. Besides the commonly used 3D animation style, shadow puppet play as an agreeable presentation for the people in the Chinese cultural circle was applied in the publicity video, bringing the video new highlights and once again demonstrating the sincerity of the Supercell and COC teams for players.
New Scenery in the Rabbit Year, as well as Time-limited skin, is on the Way!
Since 2020, COC has released limited-edition skin during the Spring Festival. In 2022, the COC team made a first attempt to integrate the limited-edition skin with Chinese zodiacs and introduced the Lunar King (Tiger King) skin with fierce tiger styling in the Tiger Year. The Lunar Queen was naturally the star of the Rabbit Year 2023’s Spring Festival!
The Lunar Queen retained the cuteness and naughtiness of rabbits in people’s minds and was finetuned based on the combat strength of the Archer Queen. Its image reached the maximum balance of the elements and gave the Spring Festival skin a unique charm.
The main promotional scenery in the video, Magic Theatre, is actually the game’s time-limited village scenery during the Spring Festival of the Rabbit Year! This scenery adopts red as the main tone of buildings and Chinese lanterns as the main lighting source, creating the strong and jubilant atmosphere of the Spring Festival. The shadow play stage on the upper right of the scenery is the same as the stage in the publicity video. And the shadow of the little rabbit triggers curiosity and anticipation among the audience towards the performance on the stage.
Except for the Spring Festival-limited hero skin and the village scenery, Warrior Champion—the ultimate reward of the Gold Pass—is also a hero skin full of Chinese style.
Corresponding with the Warrior collection skins launched during the past Spring Festival holidays, the Warrior Champion skin is definitely a must-have for players who are keen to collect hero skins.
Besides, the Rabbit Lantern from the publicity video will be launched in the game in the form of obstacles, and a sculpture decoration with the wizard and the rabbit elements, Magic Show statue, will also be added. Here comes another surprising gift from the COC team for all players!

All the hero skins, village scenery, and decorations mentioned above will be launched in the game during the Spring Festival, which players can either directly buy or obtain via challenge tasks. Don’t miss the chance of getting the treasure if you are a loyal player of Clash of Clans!
As a mobile game that has been online for more than 10 years, Clash of Clans has always maintained a very high level of popularity worldwide. Such an achievement stems from its excellent gameplay on the one hand and the game team’s persistence in bringing new content to players on the other. The Chinese Spring Festival is also the most important festival of the year for Malaysia, so Clash of Clans insists on introducing new content for the Chinese Spring Festival in the game as well as promoting this content to players in other countries and regions of the world, bringing a more valuable Spring Festival-limited gift for players.
Hashtag: #ClashofClans
The issuer is solely responsible for the content of this announcement.
DEUTZ AG: ‘POWERING PROGRESS’ strategy program: DEUTZ enginges will continue to keep the world moving
- Planned investment of more than €100 million in technologies of the future
- Ambition to play an active role in market consolidation
- DEUTZ to be carbon-neutral by 2050
COLOGNE, GERMANY – EQS Newswire – 19 January 2023 – DEUTZ continues to pursue its growth strategy with a clear framework for further business expansion. Through its Powering Progress strategy program, DEUTZ is actively engaging with the challenges of the shift to greener transportation and responding to the key market requirements of taking the internal combustion engine forward and developing new drive technologies. To achieve additional growth and greater profitability, DEUTZ has adopted the Dual+ strategy, which includes a new zero-emission product ecosystem alongside its core business in optimized internal combustion engines. Both segments will be supported through the global expansion of the high-margin service business.
The long-term goal of the restructured management team led by CEO Dr. Sebastian C. Schulte is to permanently establish DEUTZ among the top three independent drive manufacturers and to offer a fully carbon-neutral product and technology portfolio by no later than 2050.
Dr. Sebastian C. Schulte: “We want our engines to keep the world moving in the future, too. The industry sectors that make up our customer base are in the middle of a fundamental shift toward greater carbon neutrality. Transforming transportation is a huge task, but also a business opportunity for us. Through our Powering Progress strategy program, we aim to make the most of such opportunities, continue to grow profitably, and ensure that our business is carbon-neutral along the entire process chain by 2050.”
DEUTZ CLASSIC: Optimized, highly efficient combustion engine technology provides a strong foundation
DEUTZ firmly believes that the heavy-duty sector and agriculture will continue to need clean and efficient internal combustion engines to ensure a seamless transition to the technologies of the future. That is why the Classic segment will continue to underpin corporate growth at DEUTZ. The expectation is that a significant uptick in performance, for example through better utilization of existing capacities and an optimized product portfolio, will enable an increase in engine production to over 200,000 units a year and a marked rise in profitability. To this end DEUTZ is also actively looking for M&A opportunities in a consolidating market.
DEUTZ GREEN: A carbon-neutral product ecosystem based on innovative strength, investment, and a technology-neutral approach
DEUTZ engines power machines that are, at present, responsible for high levels of carbon emissions. There is potential for improvement, which the Company aims to unlock as it creates a carbon-neutral product portfolio. DEUTZ is channeling its innovative strength and almost 160 years of engine development experience into its Green segment, based on an approach that is fundamentally technology-neutral. This means improving the carbon footprint of internal combustion technology, for example through the use of hydrogen or synthetic fuels and developing alternative drive systems such as electric drives. To reflect the changing demands on the infrastructure that is required to keep an engine running, DEUTZ intends to extend its service offering across the entire product ecosystem. The aim is to harness new value chains, for example, when it comes to charging electric machines or supplying the fuel for hydrogen engines. Over the next three years, DEUTZ plans to invest well over €100 million in the Green segment.
Expansion of the service business – The benefits of the Dual+ strategy
Around the world, DEUTZ engines are in operation for around ten years on average in some of the most unforgiving conditions. The aim is to make more of the inherent potential in service and aftersales going forward, and DEUTZ is supporting the Classic and Green segments through the global expansion of its profitable service business. This includes the enlargement of regional sites, the repair and maintenance of third-party engines, and the expansion of the service business through acquisitions and strategic partnerships. The commercial goal of the campaign is to grow the service business’s share of revenue to over €500 million in the coming years while maintaining profitability.
Beyond optimizing internal combustion engine technology and establishing a future-proof product and technology portfolio, CEO Dr. Sebastian C. Schulte believes the strategy program also offers opportunities for growth and change within DEUTZ: “Our strategy program is aimed at opening up new growth opportunities and gaining market share. We have to change as an organization if we want to achieve this. Adopting an entrepreneurial mindset will need to come as naturally as ensuring that our engines are as close to perfection as they can possibly be.”
The issuer is solely responsible for the content of this announcement.
About DEUTZ AG
DEUTZ AG, a publicly traded company headquartered in Cologne, Germany, is one of the world’s leading manufacturers of innovative drive systems. Its core competencies are the development, production, distribution, and servicing of drive solutions in the power range up to 620 kW for off-highway applications. The current portfolio extends from diesel, gas, and hydrogen engines to hybrid and all-electric drives. DEUTZ drives are used in a wide range of applications including construction equipment, agricultural machinery, material handling equipment such as forklift trucks and lifting platforms, commercial vehicles, rail vehicles, and boats used for private or commercial purposes. DEUTZ has around 4,750 employees worldwide and over 800 sales and service partners in more than 130 countries. It generated revenue of around €1.6 billion in 2021. Further information is available at www.deutz.com.