FDA says Coca-Cola’s Diet Coke Plus is misbranded

Thursday, December 25, 2008

The US Food and Drug Administration has written a warning letter to The Coca-Cola Company that Diet Coke Plus violates the Federal Food, Drug, and Cosmetic Act‘s guidelines. The December 10 letter, signed by Roberta Wagner, director of the office of compliance at the Center of Food Safety and Applied Nutrition, says Coca-Cola should “take prompt action to correct these violations.”

The product’s label describes the drink as “Diet Coke with Vitamins and Minerals.” FDA said the soft drink does not have enough nutrients to justify the use of the word “plus” in its trade name. According to statute, foods must contain at least 10 per cent more of the Reference Daily Intake (RDI) or Daily Reference Value (DRV) for a given nutrient “than an appropriate reference food” in order to be called “plus” legally.

The FDA also advised “it is inappropriate to add extra nutrients to snack foods such as carbonated beverages.” The FDA warns Coca-Cola and asks it to revise the drink’s labeling and inform the agency of its reply regarding how it plans to fix the violation, within 15 days of receiving the warning. Coca-Cola says it will submit a reply to the FDA in early January, but currently has no plans to alter the label.

The US Federal Food, Drug, and Cosmetic Act (FFDCA, FDCA, or FD&C), is a set of laws passed by Congress in 1938 giving authority to the Food and Drug Administration (FDA) to oversee the safety of food, drugs, and cosmetics. A principal author of this law was Royal S. Copeland, a three-term U.S. Senator from New York, whose concerns about drug safety stemmed from the fact that he was also a homeopathic physician. The act has been amended many times, most recently to add requirements about bioterrorism preparations.

The Coca-Cola Company issued a statement saying, “This does not involve any health or safety issues, and we believe the label on Diet Coke Plus complies with FDA’s policies and regulations.”

The Coca-Cola Company is the world’s largest beverage company, largest manufacturer, distributor and marketer of non-alcoholic beverage concentrates and syrups in the world, and one of the largest corporations in the United States. The company is best known for its flagship product Coca-Cola, invented by pharmacist John Stith Pemberton in 1886. Diet Coke Plus (also known as Coca Cola Light Plus) was released in the United Kingdom in October 2007.

Forbes has reported that “Coca-Cola has been on a crusade to revamp its image from a purveyor of highly sweetened, fattening products to a more family-friendly image of low-calorie, nutritional drinks. Its violation of the Federal Food, Drug and Cosmetic Act could mean hefty fines and a seizure of product from the pop king, but often these sorts of issues are resolved without incident.”

Bat for Lashes plays the Bowery Ballroom: an Interview with Natasha Khan

Friday, September 28, 2007

Bat for Lashes is the doppelgänger band ego of one of the leading millennial lights in British music, Natasha Khan. Caroline Weeks, Abi Fry and Lizzy Carey comprise the aurora borealis that backs this haunting, shimmering zither and glockenspiel peacock, and the only complaint coming from the audience at the Bowery Ballroom last Tuesday was that they could not camp out all night underneath these celestial bodies.

We live in the age of the lazy tendency to categorize the work of one artist against another, and Khan has had endless exultations as the next Björk and Kate Bush; Sixousie Sioux, Stevie Nicks, Sinead O’Connor, the list goes on until it is almost meaningless as comparison does little justice to the sound and vision of the band. “I think Bat For Lashes are beyond a trend or fashion band,” said Jefferson Hack, publisher of Dazed & Confused magazine. “[Khan] has an ancient power…she is in part shamanic.” She describes her aesthetic as “powerful women with a cosmic edge” as seen in Jane Birkin, Nico and Cleopatra. And these women are being heard. “I love the harpsichord and the sexual ghost voices and bowed saws,” said Radiohead‘s Thom Yorke of the track Horse and I. “This song seems to come from the world of Grimm’s fairytales.”

Bat’s debut album, Fur And Gold, was nominated for the 2007 Mercury Prize, and they were seen as the dark horse favorite until it was announced Klaxons had won. Even Ladbrokes, the largest gambling company in the United Kingdom, had put their money on Bat for Lashes. “It was a surprise that Klaxons won,” said Khan, “but I think everyone up for the award is brilliant and would have deserved to win.”

Natasha recently spoke with David Shankbone about art, transvestism and drug use in the music business.


DS: Do you have any favorite books?

NK: [Laughs] I’m not the best about finishing books. What I usually do is I will get into a book for a period of time, and then I will dip into it and get the inspiration and transformation in my mind that I need, and then put it away and come back to it. But I have a select rotation of cool books, like Women Who Run With the Wolves by Clarissa Pinkola Estés and Little Birds by Anaïs Nin. Recently, Catching the Big Fish by David Lynch.

DS: Lynch just came out with a movie last year called Inland Empire. I interviewed John Vanderslice last night at the Bowery Ballroom and he raved about it!

NK: I haven’t seen it yet!

DS: Do you notice a difference between playing in front of British and American audiences?

NK: The U.S. audiences are much more full of expression and noises and jubilation. They are like, “Welcome to New York, Baby!” “You’re Awesome!” and stuff like that. Whereas in England they tend to be a lot more reserved. Well, the English are, but it is such a diverse culture you will get the Spanish and Italian gay guys at the front who are going crazy. I definitely think in America they are much more open and there is more excitement, which is really cool.

DS: How many instruments do you play and, please, include the glockenspiel in that number.

NK: [Laughs] I think the number is limitless, hopefully. I try my hand at anything I can contribute; I only just picked up the bass, really—

DS: –I have a great photo of you playing the bass.

NK: I don’t think I’m very good…

DS: You look cool with it!

NK: [Laughs] Fine. The glockenspiel…piano, mainly, and also the harp. Guitar, I like playing percussion and drumming. I usually speak with all my drummers so that I write my songs with them in mind, and we’ll have bass sounds, choir sounds, and then you can multi-task with all these orchestral sounds. Through the magic medium of technology I can play all kinds of sounds, double bass and stuff.

DS: Do you design your own clothes?

NK: All four of us girls love vintage shopping and charity shops. We don’t have a stylist who tells us what to wear, it’s all very much our own natural styles coming through. And for me, personally, I like to wear jewelery. On the night of the New York show that top I was wearing was made especially for me as a gift by these New York designers called Pepper + Pistol. And there’s also my boyfriend, who is an amazing musician—

DS: —that’s Will Lemon from Moon and Moon, right? There is such good buzz about them here in New York.

NK: Yes! They have an album coming out in February and it will fucking blow your mind! I think you would love it, it’s an incredible masterpiece. It’s really exciting, I’m hoping we can do a crazy double unfolding caravan show, the Bat for Lashes album and the new Moon and Moon album: that would be really theatrical and amazing! Will prints a lot of my T-shirts because he does amazing tapestries and silkscreen printing on clothes. When we play there’s a velvety kind of tapestry on the keyboard table that he made. So I wear a lot of his things, thrift store stuff, old bits of jewelry and antique pieces.

DS: You are often compared to Björk and Kate Bush; do those constant comparisons tend to bother you as an artist who is trying to define herself on her own terms?

NK: No, I mean, I guess that in the past it bothered me, but now I just feel really confident and sure that as time goes on my musical style and my writing is taking a pace of its own, and I think in time the music will speak for itself and people will see that I’m obviously doing something different. Those women are fantastic, strong, risk-taking artists—

DS: —as are you—

NK: —thank you, and that’s a great tradition to be part of, and when I look at artists like Björk and Kate Bush, I think of them as being like older sisters that have come before; they are kind of like an amazing support network that comes with me.

DS: I’d imagine it’s preferable to be considered the next Björk or Kate Bush instead of the next Britney.

NK: [Laughs] Totally! Exactly! I mean, could you imagine—oh, no I’m not going to try to offend anyone now! [Laughs] Let’s leave it there.

DS: Does music feed your artwork, or does you artwork feed your music more? Or is the relationship completely symbiotic?

NK: I think it’s pretty back-and-forth. I think when I have blocks in either of those area, I tend to emphasize the other. If I’m finding it really difficult to write something I know that I need to go investigate it in a more visual way, and I’ll start to gather images and take photographs and make notes and make collages and start looking to photographers and filmmakers to give me a more grounded sense of the place that I’m writing about, whether it’s in my imagination or in the characters. Whenever I’m writing music it’s a very visual place in my mind. It has a location full of characters and colors and landscapes, so those two things really compliment each other, and they help the other one to blossom and support the other. They are like brother and sister.

DS: When you are composing music, do you see notes and words as colors and images in your mind, and then you put those down on paper?

NK: Yes. When I’m writing songs, especially lately because I think the next album has a fairly strong concept behind it and I’m writing the songs, really imagining them, so I’m very immersed into the concept of the album and the story that is there through the album. It’s the same as when I’m playing live, I will imagine I see a forest of pine trees and sky all around me and the audience, and it really helps me. Or I’ll just imagine midnight blue and emerald green, those kind of Eighties colors, and they help me.

DS: Is it always pine trees that you see?

NK: Yes, pine trees and sky, I guess.

DS: What things in nature inspire you?

NK: I feel drained thematically if I’m in the city too long. I think that when I’m in nature—for example, I went to Big Sur last year on a road trip and just looking up and seeing dark shadows of trees and starry skies really gets me and makes me feel happy. I would sit right by the sea, and any time I have been a bit stuck I will go for a long walk along the ocean and it’s just really good to see vast horizons, I think, and epic, huge, all-encompassing visions of nature really humble you and give you a good sense of perspective and the fact that you are just a small particle of energy that is vibrating along with everything else. That really helps.

DS: Are there man-made things that inspire you?

NK: Things that are more cultural, like open air cinemas, old Peruvian flats and the Chelsea Hotel. Funny old drag queen karaoke bars…

DS: I photographed some of the famous drag queens here in New York. They are just such great creatures to photograph; they will do just about anything for the camera. I photographed a famous drag queen named Miss Understood who is the emcee at a drag queen restaurant here named Lucky Cheng’s. We were out in front of Lucky Cheng’s taking photographs and a bus was coming down First Avenue, and I said, “Go out and stop that bus!” and she did! It’s an amazing shot.

NK: Oh. My. God.

DS: If you go on her Wikipedia article it’s there.

NK: That’s so cool. I’m really getting into that whole psychedelic sixties and seventies Paris Is Burning and Jack Smith and the Destruction of Atlantis. Things like The Cockettes. There seems to be a bit of a revolution coming through that kind of psychedelic drag queen theater.

DS: There are just so few areas left where there is natural edge and art that is not contrived. It’s taking a contrived thing like changing your gender, but in the backdrop of how that is still so socially unacceptable.

NK: Yeah, the theatrics and creativity that go into that really get me. I’m thinking about The Fisher King…do you know that drag queen in The Fisher King? There’s this really bad and amazing drag queen guy in it who is so vulnerable and sensitive. He sings these amazing songs but he has this really terrible drug problem, I think, or maybe it’s a drink problem. It’s so bordering on the line between fabulous and those people you see who are so in love with the idea of beauty and elevation and the glitz and the glamor of love and beauty, but then there’s this really dark, tragic side. It’s presented together in this confusing and bewildering way, and it always just gets to me. I find it really intriguing.

DS: How are you received in the Pakistani community?

NK: [Laughs] I have absolutely no idea! You should probably ask another question, because I have no idea. I don’t have contact with that side of my family anymore.

DS: When you see artists like Pete Doherty or Amy Winehouse out on these suicidal binges of drug use, what do you think as a musician? What do you get from what you see them go through in their personal lives and with their music?

NK: It’s difficult. The drugs thing was never important to me, it was the music and expression and the way he delivered his music, and I think there’s a strange kind of romantic delusion in the media, and the music media especially, where they are obsessed with people who have terrible drug problems. I think that’s always been the way, though, since Billie Holiday. The thing that I’m questioning now is that it seems now the celebrity angle means that the lifestyle takes over from the actual music. In the past people who had musical genius, unfortunately their personal lives came into play, but maybe that added a level of romance, which I think is pretty uncool, but, whatever. I think that as long as the lifestyle doesn’t precede the talent and the music, that’s okay, but it always feels uncomfortable for me when people’s music goes really far and if you took away the hysteria and propaganda of it, would the music still stand up? That’s my question. Just for me, I’m just glad I don’t do heavy drugs and I don’t have that kind of problem, thank God. I feel that’s a responsibility you have, to present that there’s a power in integrity and strength and in the lifestyle that comes from self-love and assuredness and positivity. I think there’s a real big place for that, but it doesn’t really get as much of that “Rock n’ Roll” play or whatever.

DS: Is it difficult to come to the United States to play considering all the wars we start?

NK: As an English person I feel equally as responsible for that kind of shit. I think it is a collective consciousness that allows violence and those kinds of things to continue, and I think that our governments should be ashamed of themselves. But at the same time, it’s a responsibility of all of our countries, no matter where you are in the world to promote a peaceful lifestyle and not to consciously allow these conflicts to continue. At the same time, I find it difficult to judge because I think that the world is full of shades of light and dark, from spectrums of pure light and pure darkness, and that’s the way human nature and nature itself has always been. It’s difficult, but it’s just a process, and it’s the big creature that’s the world; humankind is a big creature that is learning all the time. And we have to go through these processes of learning to see what is right.

Woman returns home with Christmas turkey, a month after setting out

Tuesday, January 19, 2010

A Scottish woman who set out before Christmas to purchase a turkey finally made it home on Monday, after being cut off by snow for a month. Kay Ure left the Lighthouse Keeper’s cottage on Cape Wrath, at the very northwest tip of Great Britain, in December. She was heading to Inverness on a shopping trip.

However on her return journey heavy snow and ice prevented her husband, John, from travelling the last 11 miles to pick her up. She was forced to wait a month in a friend’s caravan, before the weather improved and the couple could finally be reunited.

They were separated not just for Christmas and New Year, but also for Mr Ure’s 58th birthday. With no fresh supplies, he was reduced to celebrating with a tin of baked beans. He also ran out of coal, and had to feed the couple’s six springer spaniels on emergency army rations.

“It’s the first time we’ve been separated”, said Mr Ure in December. “We’ve been snowed in here for three weeks before, so we are well used to it and it’s quite nice to get a bit of peace and quiet.”

Tips For Creating And Purchasing Company T Shirts And Sweatshirts

byAlma Abell

There is a general misconception that everyone loves a free t-shirt or sweatshirt from their employer; however, the fact is that low quality shirts will not be worn and likely be turned into rags or simply donated next spring. There are far too many companies that provide extremely poor quality shirts, which are ugly too boot. A solution – purchase high-quality, great looking shirts that will actually be worn, some tips to get that done are highlighted here.

Purchase High-Quality Options

The fact is that companies purchase shirts that are scratchy and rough because they are cheap. A general rule of thumb is that if you would not wear the shirt, chances are no one else will. Find soft shirts that are fitted and available in a number of different colors. While they may cost a bit more, it is definitely a smart investment.

[youtube]http://www.youtube.com/watch?v=UY-MW9jsldU[/youtube]

Purchase Smaller Sizes

Believe it or not when you purchase T-Shirts & Sweatshirts Retail Richmond VA, there are much fewer XXL people than you may think. Additionally, smaller people will not want to shirt to simply use as a nightgown, so increase the number of smaller sizes and decrease the number of larger sizes.

Be Bold

Your business likely has a uniform or some other type of appropriate work wear. The t-shirts and sweatshirts that you are giving workers should be a little bolder than traditional work wear. Show a little attitude and let your workers know that you encourage a fun working environment.

Select Various Designs or Colors

After all, variety is the spice of life. Consider different colors or designs for various departments, or one for the men and one for the women. You can also just mix it up offering an array of colors and allowing the employers to choose. Many printing companies will offer multiple choices, so you should find something that will take your interest.

Be Sure to Save the Screens

When you have a shirt screen printed, the most expensive and tedious portion of the process is creating the screen. However, once it is done, it will not have to be repeated. If you request for the shop to save the screen, when you re-order you can save several dollars for every shirt that is ordered.

Image Designers Inc. offers a range of T-shirts and sweatshirts retail in Richmond, VA. Visit TshirtsRichmondVA.com for more information.

Interview with Reggie Bibbs on his life with neurofibromatosis

Friday, December 14, 2007

Neurofibromatosis (NF) is a genetic condition causing benign tumors (neurofibromas) to grow along certain types of nerves and, in addition, it can affect the development of bones or skin. There are several variants of the disease but type 1 and type 2 NF account for the vast majority of cases.

The disease manifestations can vary from very mild to severe. Major symptoms include growths on and under the skin; skin pigmentations called café au lait spots in type 1; acoustic nerve tumors and consequent hearing loss in type 2. Growths can affect nearly all parts of the body, and pressure on nearby structures can cause a wide variety of complications. There is a small risk that the tumors transform into malignant cancerous lesions.

NF is one of the most common single-gene human diseases; around 1 in 2,500-4,000 live births are affected by NF-1, whereas NF-2 occurs in about 1 in 50,000-120,000. Both type 1 and 2 are autosomal dominant conditions, meaning that only one copy of the mutated gene need be inherited to pass the disorder. A child of a parent with neurofibromatosis and an unaffected parent will have a 50% chance of inheriting the disorder. The gene responsible for NF-1 and possibly NF-2 is thought to function as a tumor suppressor gene.

In most cases of neurofibromatosis 1, patients can live normal and productive lives. In about 25-40% of patients there is an associated learning disability with or without ADHD. In some cases of neurofibromatosis 2, the damage to nearby vital structures, such as the cranial nerves and the brainstem, can be life-threatening. When tumors are causing pain or disfiguration, surgery is thus far the only proven beneficial treatment option.

Reggie Bibbs is a 43-year-old-man living in Houston, Texas. Mr Bibbs was born with a genetic disease called neurofibromatosis (NF), which causes him to develop tumors on his body (see infobox on the right). NF can be a subtle disease, but in Bibbs’ case it has left him with a disfigured face and deformed leg. But he is happy with the way he looks, and doesn’t want to change his appearance to please other people. He has launched a successful campaign entitled “Just Ask”, and that’s just what Wikinews did in a video-interview.

The interview was prepared by Wikinews reporter Michaël Laurent with the help of Bertalan Meskó (who has a popular genetics and web 2.0 blog). Their questions were sent to a close friend of Mr. Bibbs, Lou Congelio, who kindly conducted the interview.

400 Australian soldiers sent to Afghanistan

Sunday, August 20, 2006

400 Australian soldiers have been officially farewelled at parade in Darwin, NT, ahead of their deployment to Afghanistan on Tuesday. Wishing the soldiers well, Defence Minister Brendan Nelson says there is a high risk associated with the mission.

“We know that this is a dangerous mission but it’s also an extremely important one,” he said. “They will go beginning this week and be deployed over the next few weeks.”

The group will work around the southern Oruzgan Province. Rising violence in the Taliban heartland province earlier this month prompted Australian Prime Minister John Howard to further strengthen the capability of the Reconstruction Task Force (RTF). Approximately 150 personnel will be added to the 240-strong force announced in May.

Defence says the RTF will form part of the Netherlands-led Provincial Reconstruction Team in the Oruzgan province under NATO.

More than 1800 people have been killed in fighting in Afghanistan this year, 92 of them foreign soldiers (12 being Canadian). A contingent of 190 Australian special forces, supported by a 110-member helicopter detachment, has suffered a steady flow of casualties since September year, with 11 wounded — a rate of one a month. The Age reports the Howard Government has “kept secret” how soldiers suffered the wounds, or the extent or nature of the wounds.

Dr Nelson said the soldiers would perform command, construction, communications intelligence, protection and logistics support. “We must stick with our allies and stand up for our values,” he said. He told the troops they would be “dealing with people who are fanatically opposed to our way of life and everything we stand for”.

Dr Nelson says the Australian contribution will also include skills training for the local population to “ensure the benefits of the deployment continue long after our personnel have returned home.”

Pet Health Care Insurance Check Whats Excluded}

Submitted by: SeanHorton

Everybody agrees pet health care insurance is vital, if you want to make sure your pet receives the best possible care.

However, once you have purchased your pet health care insurance policy, you may be tempted to sit back and think you are covered for all eventualities. But this will almost certainly not be the case.

In actual fact, there are very few pet health care insurance policies that provide total blanket cover. The vast majority have some exclusions, and usually (though not always) the less expensive the policy the more exclusions it will have. Plus of course the onus is usually on you to make sure you know what the exclusions are. Its no good finding out just when you are about to make a claim.

So what types of exclusion are we talking about?

The most common exclusion is for a pre-existing condition that is, a medical condition which the pet was already suffering from before you took out the policy. Obviously, this is to guard against pet owners hastily deciding to take out insurance when their pet is diagnosed with an expensive problem! The easiest way to avoid this is to insure your pet as early in its life as possible this will often ensure cheaper premiums too. But remember insurers vary widely in their interpretation of pre-existing conditions some will find all sorts of excuses to avoid paying out.

Some pet health care insurance policies exclude age-related conditions. If you see this in the small print you would be well advised to avoid that particular policy, unless you can obtain a specific list of exactly what conditions are referred to. Obviously, the older pets get, the more likely they are to be ill, so any condition could potentially be classed as age related! But it is very likely to mean a condition such as arthritis will be excluded, and this is very expensive to treat.

It has been known for an insurance policy to rule out investigative work! Again, you should avoid such a policy unless it is made very clear whats involved. Very few diagnoses can be made by the vet without some form of investigative procedure such as x-rays, scans or blood-tests, which can all be very expensive.

Some policies impose age limits that is, they wont take on a pet over a certain age e.g. 8 for a cat or dog for a new policy. This is understandable though it can cause problems if you adopt an elderly rescue pet. What can be much more of a problem is policies that wont continue a pets insurance when it reaches a certain age. You should look for a policy that offers lifetime cover though even then you have to study the small print to make sure lifetime really means lifetime.

If you have a pure-bred pet, you need to check the policy to make sure that conditions related to that breed are not specifically excluded. For instance, spaniels are particularly susceptible to heart problems, so some policies may exclude heart disease for a spaniel.

You may find a policy excludes conditions for which a vaccine is available, if the pet has not been vaccinated for that condition. For instance if you fail to have your cat vaccinated against cat flu and he develops that disease, you wont be covered.

Obviously, no pet health care insurance policy can offer a blank cheque it would be far too expensive. Exclusions are just a way of keeping the cost down most are reasonable but some are just an excuse to avoid paying out. Before taking out a policy, it goes without saying that you must study the small print and particularly the exclusions. But as well as this, find out as much as you can about the companys pay-out record. These steps should prevent you getting a nsaty shock at claim-time.

About the Author: Sean Horton is a Director of

petquote.co.uk

who provide comprehensive and affordable

Pet Health Care Insurance

Source:

isnare.com

Permanent Link:

isnare.com/?aid=310229&ca=Pets}

Queensland prisoners put to work manufacturing water tanks

Monday, April 30, 2007

Prisoners in the Australian state of Queensland have been put to work manufacturing rainwater tanks to help meet a shortfall in supply.

The southeast corner of Queensland, which is currently undergoing one of its worst droughts on record, is experiencing a boom in the rainwater tank industry. Households, encouraged by subsidies introduced by the Beattie government, have enthusiastically begun installing rainwater tanks as well as other water-saving devices. These subsidies have led to a shortfall in supply however, with some households waiting months for tanks to be installed.

The new initiative, announced by Premier Peter Beattie as well as Corrective Services minister Judy Spence will see prisoners at Woodford Correctional Centre, Australia’s largest gaol, constructing tanks for AU$4 per day. Spence has pledged not to use the cheap labour to undercut existing tank suppliers. Beattie also pointed out that the programme would give prisoners constructing the tanks valuable work skills for when their sentences are completed. If the programme is successful, it may be extended to other gaols around the state.

The Beattie government has been increasingly criticised over recent months for its failure to handle the water crisis engulfing Southeast Queensland. Opponents accuse the Government of a lack of planning foresight with regards to water supply for the booming area, which includes state capital Brisbane, as well as other cities such as Ipswich, Toowoomba and Gold Coast.

Wikinews interviews Frank Moore, independent candidate for US President

Saturday, March 1, 2008

While nearly all coverage of the 2008 Presidential election has focused on the Democratic and Republican candidates, the race for the White House also includes independents and third party candidates. These parties represent a variety of views that may not be acknowledged by the major party platforms.

Wikinews has impartially reached out to these candidates, throughout the campaign. We now interview independent Presidential candidate Frank Moore, a performance artist.

The Next Three Years Are Sustainable High Growth

By Himfr Paul

The main products Hing Man steel ring of steel wheels, inner tubes can be divided according to whether the steel wheels and tubeless steel wheels, inner tubes. Among them, the main supporting tubeless wheels in the heavy truck, medium and large passenger cars and the economy on the micro-Ke; a tube steel wheel, also known as the wheel, mainly applied to construction machinery, trucks and agricultural vehicles. At present the main wheels of steel in the low-end configuration in the commercial vehicle and passenger car, the car’s lightweight development, selection of light materials such as aluminum, magnesium alloy, high strength steel and other alternative is now widely used in steel reduce body weight, payload can increase the rate of increase in fuel economy. Compared with steel wheels, aluminum wheels, light weight, high accuracy, but the price is about 3 times the wheels of steel, so aluminum wheels in the car on the main assembly; and steel wheels are by virtue of its safety performance, a balance indicator Good, inexpensive and processing advantages of low waste, mainly used in commercial vehicles, passenger vehicles and construction machinery in the low-end, the short to medium term, there is no alternative to steel wheels aluminum wheels risks.

Hing Man Wheel OEM Wheel is the market leader. According to “China Automobile Industry Yearbook (2009 Edition)” Statistics, 2008, the company’s second production of steel wheel industry. Xing tires are the number one key is to do AM market, OEM market, the company is the leading steel ring. Wheel of total 2009 sales of the company 9.02 million, up 54%, higher than the automobile industry sales growth, market share was 15%. The company’s main customers are Foton Motor, Chang’an Automobile, the five levy car, Shenyang Jinbei, Dalian forklifts, Daewoo Heavy Industries, which Fukuda, Chang’an, the five signs. OEM market and the AM market share of around 7:3. Domestic and export company in 2008 the proportion of the domestic auto market for the 2.9:1,2009 years due to the hot and foreign financial crisis, as well as capacity planning, the company fart foreign orders to ensure that the domestic OEM market, has resulted in the export ratio of 5.3:1 . -2,011 in 2010 the company will release new capacity and gradually solve the capacity bottlenecks, three years after the final production capacity will reach 20 million, to join the international leading supplier of steel wheels ranks.

Tubeless steel wheels replace steel wheels with inner tubes trends contribute to improvement in gross margin. Tubeless steel wheels, relatively light weight and does not happen there is the danger of tire puncture, so has the fuel economy and safety features, have the advantage of the wheel inner tube, high strength, low cost, in poor condition, low-speed running Under an advantage. Therefore, agricultural vehicles and construction machinery in general use tire wheel, the wheel does not exist to be replaced with the risk of inner tubes, but in high-end heavy truck, medium and large customers, with the improvement of road conditions and overloading of the reduction in tubeless wheel advantages, there are alternatives with tube wheel trend. According to the figures disclosed in the 2009 annual report, tubeless steel wheels and steel wheels, inner tubes gross margins were 22.36% and 12.53%, tubeless steel wheels replace steel wheels with inner tubes trend will increase the company’s consolidated gross product interest rates.

Steel price increases, Hing Man Wheel switching costs have on the ability of OEMs. Hing Man steel ring products such as raw material costs constitute 70% of the cost of steel, paint and other accessories, 5%, 5% depreciation, wages represent about 12%, the rest as a driving force and others.

2009 and first quarter 2010 product gross margin for the 15.46% and 15.79%, more stable. Wheels, the most important parts of a vehicle is directly related to traffic safety and driving comfort, the supporting system into the vehicle factory certified and testing needs, there are some barriers to entry; vehicle plant for their own safety and the manufacturers will be considered honorary Wheel excellent selection of quality suppliers, so that when steel and other raw material prices, the steel ring factory has the capacity of the downstream transfer of costs to gross profit margin to remain stable. In particular, such as Hing Man Wheel OEM market leading enterprise products in short supply, has been up against capacity constraints, ability to be more of this shift.

[youtube]http://www.youtube.com/watch?v=QjUEsr0f88I[/youtube]

Wheel of technology content of production is not low. Currently on the market generally felt that the structure of steel ring simple manufacturing process is relatively simple, in fact, steel ring as an important driving auto parts, on driving safety and comfort is very important to the smooth, beat on the track, beating other axis reflects the flatness and cylindrical indicator of the level required more stringent, the need for design and manufacturing processes to do security.

Hing Man Wheel 2007 -2 009 years of research into the proportion of total revenues were 2.35%, 2.38% and 2.68%.

Raise investment projects and raise the project is finished over the company’s production capacity will ease the bottleneck.

Companies raise investment projects is 200 million sets of high-strength lightweight steel wheels, tubeless construction project, its dimensions of 22.5-inch diameter, mainly used in heavy trucks and large and medium high-end customers, the market penetration in Europe and the United States has been 95%, while in the country, large and medium customers in the OEM market is already widely used, but in the heavy truck usage is very low. Foreign markets, the company’s large-size tubeless rims have made third-party certification, as long as productivity, sales quickly; the domestic market, due in large size heavy truck tubeless rims with lower utilization rates, as is also facing a huge incremental market. The short term, the project-based products to the international market, mainly supporting dragon domestic passenger cars, buses and heavy trucks Fukuda. The project has now entered a stage of purchase of equipment installation, commissioning will be completed in the third quarter production.

Hing Man Super raise steel ring for the 4 million project car wheel production projects with a total investment of 300 million yuan, the product is high quality steel wheels car locally, the annual sales income of 340 million yuan. The project is expected to be put into operation on the first half of 2011.

Hing Man Wheel of non-fund-raising projects, 2 million tubeless wheel, the main market for light vehicles, micro-off will be in production in 2010. The above project is finished, the new capacity by 2010, four million in 2010 and then the new capacity 4 million, up 16 million of capacity to address capacity bottlenecks, according to the company bore, three years to reach production capacity Hing Man Wheel 20 million. Sign has been in short supply in our products, the project will soon put into production over production for the foreseeable revenues and profits within three years will maintain high growth.

Earnings forecasts and investment ratings:

Capacity since 2009, the company has been very tight and OEMs to the months of high incidence to goods, the company in order to maintain client stability, give up the foreign orders, even if it is still only part to meet the needs of OEMs. The next three years, the company increased production capacity will help the company seize the rapid growth of the domestic car market and the international transfer of auto parts to China, the trend of big opportunities; the company’s large-size items and car tubeless wheel projects, will help companies to increase product structure, to achieve high-end product strategy. The next three years, the company’s revenue and earnings growth will remain high, estimated EPS for 2010-2011 were 0.51 yuan and 0.65 yuan, taking into account its high growth, given the “Recommended” investment rating.

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