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Chapter 9 Middle East and Africa Market Status by Countries, Type, Manufacturers and Downstream Industry

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Also using pouch cells are the Nissan Leaf, the Chevy Bolt, and the Jaguar I-Pace electric SUV, with the first having Nissan’s own cells, and the latter two—like VW—getting theirs from LG.

Ferriola didn't stop there, of course; he went into some detail about what was being built and why. For example, part of Nucor's plans call for reinforcement bar mills in Missouri and Florida. The regions in which it is building currently import rebar from other areas, which increases costs for the buyer. By placing mills directly in those regions, Nucor will have a cost advantage and be able to take share from competitors. Further, Nucor's scrap business has a material presence in these markets, so the company will have an ample supply of a key input. The ultimate goal is to be the low-cost producer in each region, with the CEO noting that the way to survive in an oversupplied market "is to be the low-cost producer."   

3 – The Alberta Review Board ordered that a man found not criminally responsible in the stabbing deaths of five young people in Calgary in 2016 be moved to Alberta Hospital in Edmonton where he could be granted supervised day passes. It also said Matthew de Grood could eventually be placed in a halfway house with 24-hour supervision.

Established in 2008, Fabcon Steel has become well-known throughout South Africa for the supply of structural and reinforcing steel. While relatively entrenched in the local construction sector, the company is currently developing a new engineering division to spearhead its diversification into other market segments.

MEB is essentially this same platform strategy but applied to electric cars. It is supposedly capable of underpinning everything from the aforementioned I.D. compact car (which VW also refers to as the “Neo”) and I.D. Crozz SUV, to a sedan based on the I.D. Vizzion concept, to a modern interpretation of the VW Microbus based on the I.D. Buzz concept. Production versions of the latter two are scheduled for launch in 2022.

24 – China’s foreign ministry said western allies’ support for Canada over the arrests of two Canadians on national-security grounds have made China “very dissatisfied.” Spokeswoman Hua Chunying said the detention of Huawei Technologies’ chief financial officer is a much bigger international offence than China’s own arrests of two Canadians, including a former diplomat.

This table compares Absolute Software and VOESTALPINE AG/ADR’s net margins, return on equity and return on assets.

25 – The Russian coast guard fired upon and seized three Ukrainian naval vessels sailing from the Black Sea into the Sea of Azov. Russia, which annexed Ukraine’s Crimean Peninsula in 2014, charged that the Ukrainian boats entered its territorial waters without permission. World leaders condemned what they described as unjustified use of force by Russia and urged it to release the ships and their crews.

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