Building a platform to attract wisdom and plan for the future!
XIAMEN, China, Sept. 11, 2024 /PRNewswire/ -- The "2024 Go-Global Summit," a sub-forum of the "2024 Supply Chain Cooperation and Innovation Conference", was successfully held at the Xiamen International Conference & Exhibition Center. Hosted by Xiamen C&D, with support from its subsidiaries and partners, the summit focused on enhancing supply chain security, promoting international cooperation.
Gathering of Industry Experts and Thought Leaders
The summit attracted over a thousand participants, including representatives from leading companies in manufacturing, new energy, consumer goods, information technology, and trade services, alongside financial institutions, industry associations, and media outlets. The event was broadcast live on various digital platforms, reaching an audience of over one million viewers.
Prominent speakers included Wu Xiaobo, a well-known financial writer, Wang Zhigang, founder of Zhigang Think Tank, Qin Shuo, a respected commentator on humanistic finance, Lin Xueping, author of "Supply Chain Warfare," and Joel Ruet, Chairman of the French Bridge Think Tank. These thought leaders shared insights on the theme "Supply Chain + Going Global," providing valuable strategies and methodologies for Chinese companies.
Insights into Globalization and Strategic Opportunities
Under the backdrop of rapid restructuring in global industrial and value chains, innovative Chinese companies are leading a new wave of globalization. The summit's discussions centered on analyzing the current trends and future directions of globalization, with experts offering practical guidance on key areas such as supply chain management, branding, finance, and resource integration.
Wu Xiaobo, in his keynote address titled "Born Global," highlighted that Chinese enterprises are at a new historical juncture as globalization continues to deepen. He emphasized the importance of building ecosystems through platforms, dialogue, and partnerships to promote resource sharing and collaborative development. The speakers agreed that for Chinese companies, the process of globalization involves not only entering new markets but also integrating into local supply chains to achieve sustainable, win-win partnerships.
Focus on Supply Chain Innovation and Practical Results
Xiamen, the host city of the China International Fair for Investment & Trade, is a key hub for national supply chain development and an important center for commodity distribution. The summit spotlighted Xiamen's efforts to deepen the integration of supply and industrial chains, reduce costs, improve efficiency, and build new competitive advantages.
As a leading representative of Xiamen's supply chain sector, Xiamen C&D has actively pursued both domestic and international growth strategies. The company has developed a global supply chain service network that extends to over 170 countries and regions, establishing itself as a premier player in global supply chain operations.
At the summit, Cheng Dongfang, General Manager of Xiamen C&D, shared the three principles and seven trends of supply chain going global. He underscored three key principles to successfully integrate into the international market: globalization, specialization, and localization. He also highlighted seven emerging trends for Chinese enterprises venturing abroad, including a shift from globalization to regional globalization, a transition from simple trade to supply chain operations, and a focus on green, low-carbon practices.
Building a Platform for Global Collaboration
Xiamen C&D aims to leverage Xiamen's unique geographical and strategic advantages to create a platform for information exchange, resource sharing, and collaboration. "By fostering partnerships across government, business, academia, and research both domestically and internationally, we seek to provide a dynamic environment that enables Chinese enterprises to integrate more effectively into global markets," a representative from Xiamen C&D stated.
As Chinese companies continue to expand globally, the 2024 Go-Global Summit has provided a vital forum for sharing knowledge, forging partnerships, and promoting sustainable international growth. Through such initiatives, Xiamen C&D remains committed to empowering Chinese enterprises to navigate the complexities of globalization and achieve long-term success on the world stage.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Xiamen C&D held the 2024 Go-Global Summit in Xiamen
Faraday Factory, the world's largest manufacturer of high-temperature superconductors, announces achievement of 5,000 km cumulative deliveries to disruptive fusion projects worldwide
TOKYO, Sept. 17, 2024 /PRNewswire/ -- Faraday Factory Japan LLC has passed a milestone of 5,000 km, or 1 Giga-Ampere-meter, cumulative deliveries of high-temperature superconductor (HTS) to fusion companies. The users of this enabling superconductor material are spread over four continents and pursue different fusion concepts – tokamak, stellarator, levitating dipole, and magnetic mirror. Superconductors produced by Faraday Factory Japan can be found in almost all fusion machine prototypes currently under development.
Fusion is a limitless source of clean energy, which is urgently needed to reverse climate change. In order to produce energy, very hot plasma must be tightly contained in a fusion reactor by powerful electromagnets. High-temperature superconductor technology has recently enabled such magnets, placing fusion energy finally within engineers' reach. After Bob Mumgaard, Co-Founder and CEO of Commonwealth Fusion Systems, the economically competitive fusion power requires credible innovation and progress, while the development landscape has several types of fusion power machines.
The scale-up of high-temperature superconductor production is of paramount importance for the emerging fusion industry, which has recently attracted over $7 billion of investment. According to the recent report by Fusion Industry Association, over 71% of fusion companies anticipate starting to deliver power to the grid before 2035. To make this happen, multiple prototypes of fusion machines must be built that would consume ~300,000 km of high temperature superconductor.
Faraday Factory Japan CEO Sergey Lee says, "We have succeeded in scaling up our production to thousands of kilometers while maintaining the extremely high quality of superconductor that every fusion developer needs. By round-the-clock operation, we deliver just enough HTS product to keep multiple fusion projects on fast track. Further down the road, we plan to continue our exponential growth to facilitate fusion energy deployment to Gigawatt scale and beyond".
Thea Energy Co-Founder and CEO Brian Berzin stated, "Recent advancements in HTS are allowing companies including Thea Energy to build fusion systems demonstrating the viability and economics for commercial power plants. For the fusion community, the importance of this rapid scaling of HTS capacity is a meaningful step towards the deployment of fusion energy on the grid. We appreciate Faraday Factory's strong commitment to supporting us and our mission of creating abundant clean energy for a sustainable future."
Proxima Fusion Co-Founder and COO Lucio Milanese stated, "Proxima aims to design and build QI stellarators for fusion power plants, drawing unique expertise from the $1.5B+ W7-X project in Germany. HTS technology dramatically increases our design space by enabling higher magnetic fields compared to any other material available. We will need many thousands of kilometers of HTS tape for our magnets and appreciate the effort of Faraday Factory to build a robust supply."
Commonwealth Fusion Systems Chief Science Officer and Co-Founder Brandon Sorbom said, "This is a huge milestone in the development of the HTS supply chain and a testament to Faraday Factory's relentless pursuit of improvement. It's remarkable how far we've come since five years ago, when every meter of tape CFS obtained was hard won. Now we receive not 100's of meters of tape in a shipment but 100's of kilometers. Scaling up HTS tape manufacturing has been crucial to CFS' ability to build our SPARC tokamak and show a strong future for fusion energy."
OpenStar Technologies CEO and Founder Ratu Mataira said, "OpenStar is the only company in the world building a levitated dipole for clean fusion energy. Our Junior magnet integrates key-enabling technologies based on high temperature superconductors like coils and flux pumps. The availability of HTS tape is critical for the rapid iteration cycles that we leverage in our company to retire risk for orders of magnitude less capital, and in a fraction of the time, than any other fusion scheme on the planet."
About Faraday Factory Japan:
https://www.faradaygroup.com/en/
https://www.youtube.com/watch?v=oP51LC16nok
https://jp.linkedin.com/company/faraday-factory-japan
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Faraday Factory announces it has delivered over 5,000 km of high-temperature superconductor tape to fusion industry
