Business Times Magazine | Issue 105 | Oct 24
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BUSINESS TIMES
business-timesmedia.com October 2024
GREATER TORONTO
AREA AIRPORTS:
pioneering technology &
customer experience
HOUSTON
AIRPORT SYSTEM:
transforming
air travel
HENNIGES
AUTOMOTIVE:
driving industry
innovations
CYCLECT
GROUP:
engineering
excellence
GOLD FIELDS
GHANA:
revolutionary
mining tech
boosts efficiency
STARLINK:
shaking up
competition
in africa
THE GLASS
CEILING
WITH MARETHA GERBER
INTRODUCTION
RECEIVE
EVERY
ISSUE
DIRECT
TO YOUR
INBOX
SUBSCRIBE
CONTRIBUTORS
MALVERN KANDEMWA
Director of Strategic Partnerships
HOWARD BARCLAY
Chief Project Director
EMILY SMITH
Senior Project Director
EDWARD KAYS
Project Director
JAMES HENNESSEY
Project Director
SAMUEL JOHNSON
Social Media Manager
MIKE ASHLEY
Head of Finance & Accounts
ANN QUINN
Head of Production
MICHELLE DUNCAN
Editor in Chief
TOM JENKINS
Graphic Design
4 BUSINESS TIMES MAGAZINE OCTOBER 2024
INTRODUCTION
EDITOR’S
FOREWORD
Welcome to the October issue of Business
Times Magazine!
As the vibrant colours of October unfold, we
find ourselves not only immersed in the beauty
of the changing seasons but also reflecting
on the transformative shifts happening in the
world of business. In this month’s issue, we
delve into the themes of innovation, adaptation,
and resilience that are so crucial in today’s
dynamic landscape.
October marks a time of reflection and
growth, and this publication embraces that
spirit by highlighting organisations and leaders
who are pushing the boundaries of what
is possible. Our feature articles showcase
groundbreaking advancements in technology,
sustainable practices, and market strategies
that are redefining industries and setting
new standards for success.
One of the highlights of this issue is our in-depth
exploration of how businesses across various
sectors are integrating sustainability into
their core operations. As we continue to face
global challenges related to climate change and
social responsibility, it is inspiring to see companies
rise to the occasion, pioneering initiatives
that balance profitability with purpose.
We’re also excited to introduce exclusive interviews
with thought leaders and industry
pioneers who share their insights on navigating
challenges while fostering innovation.
Their experiences underscore the importance
of adaptability and forward-thinking in maintaining
a competitive advantage.
This October, as we embrace the spirit of
change, we encourage you, our valued readers,
to explore new ideas, challenge the status
quo, and invest in solutions that drive both
growth and positive impact.
Thank you for being part of our community.
We hope you find inspiration and valuable insights
in this month’s pages.
Enjoy the issue!
The Business Times Media Group Team
If you have a business story you wish to share
in Business Times Magazine, please contact
our Head of Production via production@
business-timesmedia.com
BUSINESS-TIMESMEDIA.COM
5
CONTENTS
08
DAIMLER TRUCK SA
BREAKING THE GLASS
CEILING: MARETHA GERBER
14
TECH NEWS
HUBSPOT ACQUIRES
CACHEFLOW
18
TECH NEWS
AKTIIA’S AI-POWERED
BLOOD PRESSURE TECH
REVOLUTION
22
TECH NEWS
STARLINK SHAKING UP
COMPETITION IN AFRICA
26
GTAA
PIONEERING TECHNOLOGY
AND CUSTOMER EXPERIENCE
38 HOUSTON AIRPORT SYSTEM
TRANSFORMING AIR TRAVEL
50
HENNIGES AUTOMOTIVE
DRIVING INNOVATION
62
CYCLECT GROUP
ENGINEERING EXCELLENCE
AND INNOVATION FOR A
SUSTAINABLE FUTURE
72
GOLD FIELDS GHANA
REVOLUTIONARY MINING
TECH BOOSTS EFFICIENCY
6 BUSINESS TIMES MAGAZINE OCTOBER 2024
CONTENTS
BUSINESS-TIMESMEDIA.COM
7
LEADERSHIP
8 BUSINESS TIMES MAGAZINE OCTOBER 2024
FEATURE
THE GLASS
CEILING
MARETHA GERBER’S
JOURNEY TO THE TOP
OF DAIMLER TRUCK
SOUTHERN AFRICA
Project by: Malvern Kandemwa
Words by: Michelle Duncan
Maretha Gerber made history
as the first female President
and Group CEO of Daimler Truck
Southern Africa (DTSA), a milestone
that marks a significant shift
in the leadership landscape of the
automotive industry in South Africa.
Her ascent to this pivotal role
is a testament to her exceptional
leadership abilities, deep industry
knowledge, and unwavering commitment
to driving both business
success and employee development.
Maretha Gerber’s career in the
automotive industry spans over
two decades, characterised by
a steady rise through the ranks,
driven by her dedication, strategic
thinking, and a profound understanding
of the market. She began
her career in the automotive
sector at a time when the industry
was heavily male dominated.
However, her perseverance, coupled
with her ability to adapt and
excel in various roles, set her apart
as a leader to watch.
Gerber started her journey at Mercedes-Benz
South Africa (MBSA), a
division of Daimler AG, where she
held various positions in sales, marketing,
and business development.
Her early roles allowed her to gain
extensive experience in understanding
customer needs, market
dynamics, and the operational challenges
of the automotive industry.
Over the years, she proved a consistent
ability to deliver results, whether
it was increasing sales, improving
customer satisfaction, or driving innovation
within the company.
9
LEADERSHIP
the needs of DTSA’s diverse customer
base. Under her leadership,
the company has focused on enhancing
customer experiences
by offering innovative products
and services tailored to the specific
requirements of the Southern
African market. Recognizing the
growing importance of sustainability
in the automotive industry,
Gerber is also committed to
driving DTSA’s transition towards
more environmentally friendly
technologies. This includes exploring
alternative fuels, improving
fuel efficiency, and reducing the
carbon footprint of the company’s
operations.
Maretha Gerber, Group CEO,
Daimler Truck Southern Africa
Her leadership qualities became
increasingly clear as she took on
more significant responsibilities
within the organisation. Prior to
her appointment as President
and Group CEO of DTSA, Gerber
served as the Vice President
of Sales and Marketing for Mercedes-Benz
Trucks, a role in which
she was instrumental in expanding
the brand’s market share and
solidifying its reputation for quality
and reliability.
As the President and Group CEO
of DTSA, Maretha Gerber holds
the critical responsibility of defining
and implementing the overall
strategy for the organisation.
DTSA operates in a highly competitive
and evolving market, and
Gerber’s role involves steering the
company through these challenges
while positioning it for sustainable
growth and success.
MARETHA GERBER
PASSIONATELY BELIEVES
THAT A COMPANY’S MOST
VALUABLE ASSET IS ITS
PEOPLE.
Her strategic vision for DTSA is
built on several key pillars such as
customer centric approach. Gerber
places a strong emphasis on
understanding and anticipating
In today’s rapidly evolving technological
landscape, Gerber understands
the importance of leveraging
digital tools and data analytics
to improve operational efficiency,
customer engagement, and product
innovation. She has been a
strong advocate for DTSA’s digital
transformation, ensuring that the
company stays at the forefront of
industry trends. She is also focused
on improving DTSA’s operations to
improve efficiency, reduce costs,
and enhance overall productivity.
This involves streamlining processes,
adopting best practices from
across the Daimler Truck global
network, and fostering a culture of
continuous improvement within
the organisation.
Maretha Gerber passionately believes
that a company’s most valuable
asset is its people. As such,
one of her primary responsibilities
as President and Group CEO
is to lead, motivate, and develop
DTSA’s employees to ensure the
company’s long-term success.
Gerber is dedicated to creating a
10 BUSINESS TIMES MAGAZINE OCTOBER 2024
FEATURE
BUSINESS-TIMESMEDIA.COM
11
LEADERSHIP
work environment that encourages
collaboration, innovation, and
personal growth. She believes that
when employees feel valued and
supported, they are more likely to
contribute to the company’s success.
Under her leadership, DTSA
has implemented various initiatives
aimed at improving employee
satisfaction and engagement.
As the first female leader of DTSA,
Gerber is acutely aware of the importance
of diversity and inclusion
in the workplace. She is a strong
advocate for gender equality and
has taken steps to ensure that
DTSA gives equal opportunities
to all employees, regardless of
gender, race, or background. Her
leadership has been instrumental
in promoting a more inclusive culture
within the organisation.
Gerber is committed to investing
in the professional development
of DTSA’s employees. She understands
that the success of the
company depends on the skills
and capabilities of its workforce.
To this end, she has championed
various training and development
programs aimed at equipping
employees with the knowledge
and skills they need to excel in
their roles and advance their careers.
She strongly advocates the
importance of employee well-being,
especially in the challenging
context of the global pandemic,
Gerber has prioritised initiatives
that support the physical and
mental health of DTSA’s workforce.
This includes flexible work
arrangements, health and wellness
programs, and resources to
help employees manage stress
and keep a healthy work-life balance.
IMPACT AND LEGACY
Maretha Gerber’s leadership at
Daimler Truck Southern Africa
is marked by her strategic vision,
her commitment to sustainability,
and her focus on employee development.
Her tenure as President
and Group CEO has seen DTSA
not only navigate the challenges
of a competitive market but also
appear as a leader in the industry,
known for its customer-centric
approach, operational excellence,
and innovative solutions.
Gerber’s impact extends beyond
the company’s financial performance.
She has set a new standard
for leadership in the automotive
industry, particularly in
Southern Africa, where her success
as the first female leader of
DTSA serves as an inspiration to
other women in the industry. Her
commitment to diversity, inclusion,
and employee well-being
has helped create a more positive
and supportive work environment
at DTSA, laying the foundation for
the company’s continued success
in the years to come. As DTSA
looks to the future, Maretha Gerber’s
leadership will undoubtedly
continue to play a crucial role in
shaping the company’s trajectory.
Her ability to balance strategic
goals with the needs and aspirations
of the company’s employees
makes her a truly transformative
leader, one whose legacy will be
felt for years to come.
FIND OUT MORE ABOUT
DAIMLER TRUCK SA
DTSA.DAIMLERTRUCK.COM
12 BUSINESS TIMES MAGAZINE OCTOBER 2024
FEATURE
BUSINESS-TIMESMEDIA.COM
13
TECH
14 BUSINESS TIMES MAGAZINE OCTOBER 2024
FEATURE
HUBSPOT
ACQUIRES
CACHEFLOW
A PLATFORM THAT HELPS
CLOSE SOFTWARE SALES
Project by: Malvern Kandemwa
HubSpot has acquired Cacheflow,
a startup building tools for the
software sales closing process, for
an undisclosed amount.
HubSpot CEO Yamini Rangan
says that Cacheflow — which will
become a wholly-owned subsidiary
of HubSpot once the deal closes
— will expand HubSpot’s Commerce
Hub suite of subscription
billing management and configure,
price, and quote tools (CPQ).
Words by: Michelle Duncan
“With Cacheflow, we’re doubling
down on our vision for
commerce by addressing two
important areas of the buying
experience: subscription billing
and CPQ,” Rangan said in a
statement. “Cacheflow is a leader
in this space and has helped
companies automate the purchase
process to capture revenue
faster.”
BUSINESS-TIMESMEDIA.COM
15
TECH
Cacheflow was founded in 2021
by Brian Zotter and Sarika Garg.
Garg previously was head of product
management at SAP’s Ariba
Network and chief strategy officer
at procurement automation
firm Tradeshift. Zotter was VP of
engineering at Salesforce before
co-founding account engagement
platform YesPath, which
Medium acquired in 2017.
At a high level, Cacheflow provides
billing and subscription
management solutions aimed at
simplifying business-to-business
(B2B) software selling and buying.
Through no-code dashboards,
users can configure quotes, close
deals, and upsell and renew customers.
“We made it our mission to reimagine
the old CPQ and billing
space, helping businesses automate
revenue management,
shorten the sales cycle, and get
paid fast,” Garg said in a press release.
“We believe deeply in the
power of our solution and are
thrilled to join HubSpot.”
16 BUSINESS TIMES MAGAZINE OCTOBER 2024
FEATURE
Cacheflow’s team will be joining
HubSpot’s Commerce Hub org,
where it’ll focus specifically on
HubSpot’s tools for managing
buying processes. HubSpot sees
Commerce Hub as a new bright
spot in its business — one that’s
processed more than $1 billion in
gross merchandise value since its
2023 launch.
In a note to investors, investment
firm Stifel said that the Cacheflow
deal signals HubSpot’s “continued
focus” on its expansion.
“We believe in the deal … may accompany
a ‘relaunch’ similar to
what the company has recently
done with [its] Sales and Content
Hub,” Stifel J. Parker Lane wrote.
“[A] potential relaunch could be
a benefit to the SKU that’s largely
new and under-discussed.”
HubSpot shares rose 1.3% in late
morning trading on Friday.
HubSpot’s latest acquisition —
and its first since its $150 million
purchase of B2B data provider
Clearbit in 2023 — comes after an
eventful year for the marketing
and sales software giant.
BUSINESS-TIMESMEDIA.COM
17
TECH
AKTIIA TRAINED AI
ON 11 BILLION DATA
POINTS OF BLOOD
PRESSURE
AND NOW A CLINICALLY
CERTIFIED APP IS COMING
Project by: Malvern Kandemwa
Words by: Michelle Duncan
18 BUSINESS TIMES MAGAZINE OCTOBER 2024
FEATURE
As well as being a major cause of
premature death worldwide, hypertension,
also known as high
blood pressure, is a major risk
factor for stroke, coronary artery
disease, heart failure, and a contributing
factor to dementia. It
also affects an estimated 1.3 billion
people, while up to 95% of
cases are due to lifestyle factors
(although genetics is also a factor).
Only around 20% of individuals
with high blood pressure
have it under control, and there’s
a simple reason why. The devices
to measure hypertension, those
inflatable “cuffs,” are expensive,
bulky, and unwieldy.
Now a Swiss startup says it has
produced a ground-breaking
technology that could make it far
easier for hypertension sufferers
to monitor their condition.
Aktiia (based out of Neuchatel, Switzerland,
but with a U.S. operation)
already specialised in blood pressure
technology with a hardware sensor
that sits at your wrist. However, it has
now achieved a coveted CE-mark for
its technology. The Conformite Europeene
(CE) mark indicates that a
product has been deemed to meet
EU safety, health, and environmental
protection requirements. The new
product does away with hardware,
and it requires no calibration.
BUSINESS-TIMESMEDIA.COM
19
TECH
Aktiia claims its app can give users
accurate blood pressure and
heart rate measurements from
the camera of a smartphone.
Users place their fingertip on the
camera, and in 90 seconds the
software will capture the physiological
data from the fingertip required
to provide accurate blood
pressure measurements. The
solution is likely to come to market
in 2025 in app form.
The product is the result of the
company applying generative AI
to 11 billion data points of annotated
data drawn from its platform.
Although the startup is playing
its cards close to its chest on how
it does this, it says the breakthrough
leverages “proprietary
foundation models,” according to
CEO Rags Gupta.
20 BUSINESS TIMES MAGAZINE OCTOBER 2024
FEATURE
“We shine a light into your finger,
we capture signals and deliver
back a medically valid blood
pressure and heart rate reading,”
he said. “We got the CE mark
for this 10 days ago, and this is a
massive deal. It’s really exciting
because what it means is the era
of the hardware, of cuffs for measuring
blood pressure, is now an
AI and software problem and so
now anybody, with the palm of
their hand, can get a spot check
for blood pressure reading.”
He said the technology could be
transformational. “That’s a big
deal, because the earlier you
can screen people, the earlier
you can start getting them into
treatments, interventions, and
that saves massive, massive costs
downstream to the systems and
to people’s lives.”
He said the measurement doesn’t
require any other device or calibration
step.
Dr. Josep Solà, co-founder and
CTO of Aktiia, who worked on the
technology, added that the CE
mark comes under the EU’s new
Medical Device Regulation (MDR):
“It’s a new regulation for medical
devices in Europe. You need to
run clinical trials, and you need to
prove performances.”
But what moved the needle for Aktiia
was being able to train its model
on its own data set. “There was
no data set previously,” Sola said.
“But when we released our first
product, which allowed us to start
compiling a lot of data. Now we
have a massive data set within the
company’s 11 billion data points of
annotated data that we could use
to train this new AI. It went to a level
of accuracy that we could pass
all the regulations for CE marking.”
So far, Aktiia has raised $59.7 million
over five funding rounds. Its
last round was a $30 million Series
A earlier this year that involved Molten
Ventures, Khosla Ventures, and
Verve Ventures, among others.
The new CE mark for Aktiia’s technology
follows the March 2024 release
of the first version of its CAL-
FREE technology, allowing blood
pressure measurement at the wrist.
Launched in Switzerland in May
2018, Aktiia founders Dr. Mattia
Bertschi and Solà previously
spent 15 years at the prestigious
Swiss research institute CSEM, researching
blood pressure.
FIND OUT MORE
ABOUT AKTIIA
AKTIIA.COM
BUSINESS-TIMESMEDIA.COM
21
TECH
ELON MUSK’S
STARLINK
SHAKES UP
COMPETITION
IN AFRICA
Project by: Malvern Kandemwa
Words by: Michelle Duncan
Starlink’s satellite internet rollout
across Africa has triggered
complaints of unfair competition
from telecommunications companies
and internet service providers
that have invested heavily
in local networks.
Kenya’s communications regulator,
the country’s largest telecom
company, Safaricom, called
for stricter regulations on satellite
internet providers, including
Starlink, which is owned by Elon
Musk. Safaricom argued that satellite
providers should be required
to partner with local mobile network
operators rather than being
allowed to operate with independent
licences.
Safaricom, which is partially government-owned,
emphasised
that these satellite providers often
lack a physical presence in the
country, relying on third parties
and resellers to distribute their
hardware. This makes it challenging
for regulators to ensure compliance
and accountability.
The telco, which is partly government
owned, noted that these
providers often operate without
a physical presence in the country,
relying on third parties and
resellers to distribute their hardware,
which makes it difficult for
regulators to ensure accountability
and compliance.
22 BUSINESS TIMES MAGAZINE OCTOBER 2024
FEATURE
And it’s not just in Kenya. ISPs and
telcos in Zimbabwe, Nigeria and
Cameroon have also raised concerns
about Starlink’s free rein,
lax regulatory requirements, and
their inability to compete fairly
with its services and pricing.
These companies have thousands
of employees across the region
while Starlink has next to no local
presence on the continent.
But the upside for consumers is
that some of these companies
have improved their existing offering
to compete. Safaricom, in
response to the growing presence
of Starlink in Kenya’s broadband
market, has doubled the speed of
its fibre internet packages. Similar
moves have been seen by ISPs in
Zimbabwe.
Starlink’s entry to the Kenyan market
in July 2023 boosted satellite
internet subscriber numbers more
than tenfold in the nine months
to Mar. 31 this year. The numbers
were still relatively small, at fewer
than 5,000 users in that period, but
it was perhaps a warning sign for
the traditional providers. The rapid
uptake of Starlink has been fueled
by aggressive marketing partnerships,
cheaper monthly plans and
a hardware rental option.
BUSINESS-TIMESMEDIA.COM
23
TECH
At the beginning of September, Zimbabwe
became the 16th nation in Africa to
get access to Starlink’s services. Starlink
is required to offer its service exclusively
through its local partner, IMC Communications
and can only operate through
approved agents, dealers, and ISPs.
But since May, when its licence was approved
by President Emmerson Mnangagwa,
telcos and ISPs have been
bracing for its launch, with TelOne, a
state-owned provider, partnering with
Eutelsat’s OneWeb to also offer satellite
internet, while ISPs, including Liquid
Home, the country’s largest fixed ISP
slashed prices.
There’s long been an expectation that
Low Earth Orbit (LEO) satellite internet
providers like Starlink, OneWeb, and
Telesat will capture market share from
traditional telecom companies if priced
appropriately. But it could possibly also
mean a loss of tax revenue for the government
as these firms operate without
physical offices on the continent and
provide plug-and-play connectivity.
Within two years of Starlink’s launch in
Nigeria, the communications regulator
Nigerian Communications Commission
(NCC) reported that the company has
become Nigeria’s third-largest dedicated
internet provider. Now, the company
has started building new ground stations
in three Nigerian states. However,
Starlink is only a threat to the standalone
ISP market (as against mobile network-based
internet), which collectively
serves 262,000 customers as of the last
quarter of 2023. In the same period, the
four mobile network operators, MTN,
Airtel, Globacom, and 9mobile had 163.8
million active internet subscriptions.
Starlink’s advanced technology and premium
brand image will likely continue
to gain approval from African governments.
FIND OUT MORE
ABOUT STARLINK
STARLINK.COM
24 BUSINESS TIMES MAGAZINE OCTOBER 2024
FEATURE
BUSINESS-TIMESMEDIA.COM
25
GREA
TORO
AIRPO
AUTHO
INFRASTRUCTURE
26 BUSINESS TIMES MAGAZINE OCTOBER 2024
FEATURE
TER
NTO
RTS
RITY
BUSINESS-TIMESMEDIA.COM
27
INFRASTRUCTURE
28 BUSINESS TIMES MAGAZINE OCTOBER 2024
FEATURE
PIONEERING
TECHNOLOGY
& CUSTOMER
EXPERIENCE
DEBORAH FLINT’S VISION FOR GTAA
Project by:
Malvern Kandemwa
Words by:
Michelle Duncan
As the President and CEO of the
Greater Toronto Airports Authority,
which operates Toronto Pearson
International Airport, Flint
has extensive experience in the
field of aviation, with her career
nearing the 27-year milestone. A
graduate of San Jose State University
in California, she began
her journey in aviation as the Aviation
Director at the Port of Oakland,
where she managed, developed,
and operated Oakland
International Airport, ultimately
rising to the position of Executive
Port Director. Her career then
led her to Los Angeles, where
she was appointed by Mayor Eric
Garcetti as the CEO of Los Angeles
World Airports, overseeing
the operations of both LAX and
Van Nuys Airport. It was following
the successful execution of a
comprehensive modernization
program valued at US$15 billion,
aimed at realising what she refers
to as a “fresh vision of what LAX
could be,” that the opportunity
in Toronto emerged for her. This
role was particularly enticing for
several reasons. “I’m Canadian by
birth, but I hadn’t lived in Canada
since I was quite young,” she
reflects, highlighting her desire
to reconnect with her roots while
advancing her career in aviation.
Flint’s approach to leadership is
holistic, considering not just the
operational aspects of the airport
but also its broader impact
on the community and environ-
BUSINESS-TIMESMEDIA.COM
29
INFRASTRUCTURE
ment. She has emphasised the
importance of collaboration both
within the organisation and with
external stakeholders as crucial to
the airport’s success. Under her
leadership, GTAA has prioritised
sustainability, technological innovation,
and strategic partnerships,
setting a clear direction for the future
of Toronto Pearson.
The Greater Toronto Airports Authority
(GTAA) is a not-for-profit
corporation that runs Toronto
Pearson International Airport
(YYZ), which is not only the busiest
airport in Canada but also one
of the top 30 busiest airports in
the world by passenger traffic. In
2023, Toronto Pearson managed
over 50 million passengers, a testament
to its role as a crucial hub
in North American and global air
travel. The airport connects to
over 180 destinations worldwide
and serves as a major hub for
both domestic and international
flights, with extensive connections
to the United States, Europe,
Asia, and other regions.
The GTAA operates under a
unique governance model where
it does not receive taxpayer funding
but instead reinvests revenue
from operations back into the airport’s
infrastructure and services.
This business model has allowed
GTAA to keep financial independence
while focusing on continuous
improvement and expansion
to meet the growing demands of
passengers and airlines.
Toronto Pearson plays a vital role
in the Canadian economy, generating
billions of dollars in economic
activity and supporting
tens of thousands of jobs directly
and indirectly. The airport’s operations
include passenger services,
cargo operations, ground transportation,
and various ancillary
services, making it a complex and
dynamic organisation.
TORONTO PEARSON
PLAYS A VITAL ROLE
IN THE CANADIAN
ECONOMY, GENERATING
BILLIONS OF DOLLARS
IN ECONOMIC ACTIVITY
AND SUPPORTING TENS
OF THOUSANDS OF JOBS
Why is Canada experiencing such
rapid growth? “First, we are recognized
as a country that genuinely
cares about its people,” she emphasises.
“We also have a welcoming
approach to immigration, which is
crucial in a global economy that relies
on diverse skills and talents.”
Toronto Pearson, located in Canada’s
second-largest employment zone
where 300,000 jobs existed before
the pandemic, holds a key position
at the centre of Canada’s economic
hub. “It’s a dynamic, advanced region
of the country,” she notes, highlighting
the US$41.3 billion pharmaceuticals
and life sciences industry concentrated
in the Greater Toronto Area.
30 BUSINESS TIMES MAGAZINE OCTOBER 2024
FEATURE
BUSINESS-TIMESMEDIA.COM
31
INFRASTRUCTURE
“Some of the world’s most
groundbreaking medicines have
origins in the labs and manufacturing
facilities of Dalton Pharma
Services, a Toronto-based company
with over three decades
of experience in drug development,
analysis, and manufacturing,”
she continues. “Location
has been a crucial factor in their
growth and success.”
Another localised example of
growth is the surge in artificial
intelligence (AI) startups. “Ontario
hosts an advanced manufacturing
supercluster, centred
in the Toronto-Waterloo innovation
corridor, which is enhancing
next-generation manufacturing
capabilities by integrating
technologies like advanced robotics
and 3D printing,” she explains.
“The Toronto region is at
the heart of Canada’s innovation
and technological activity,
consistently attracting top talent
and leading-edge companies
such as Cognizant and HCL
Technologies.”
“The future of electric and intelligent
transportation is also taking
shape in Toronto. This year, the
province’s automotive industry
has experienced a significant increase
in investment, particularly
in the production of electric vehicles
(EVs) and large-scale EV battery
manufacturing. Additionally,
with expertise in AI, connectivity,
cybersecurity, and quantum
computing, more than 250 companies
in Ontario are now actively
engaged in the development
of connected and autonomous
vehicles.”
As Canada prepares for the future
with a growing population and
the rapid expansion of dynamic
industries, Toronto Pearson must
evolve alongside it, according to
Flint. “This airport should be the
most technologically advanced,
seamless, and customer-centric
airport in the world,” she envi-
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for travelers wherever their journey takes them.
Throughout North America, Avolta’s family
of brands — HMSHost, Hudson, and Dufry —
are known for its innovation, vast portfolio of
concepts and partners, operational excellence,
and customer service. Individually, each is highly
respected for what they do. But together, they
are revolutionizing the travel experience.
At Avolta, the traveler is at the heart of everything.
From pushing the boundaries of travel retail and
staying ahead in convenience to redefining the
art of food and beverage, Avolta never ceases to
deliver what travelers need and want to create
an inspiring, seamless experience.
At Toronto’s airports, Avolta is making the journey
as rewarding as the destination for domestic and
international passengers alike. Its longstanding
relationship with the Greater Toronto Airports
Authority has brought excitement to the
terminals at Toronto Pearson International
Airport (YYZ) and Billy Bishop Toronto City
Airport (YTZ). Its duty-free and specialty retail
stores offer the most internationally recognized
and sought-after brands like Chanel and MAC,
while its restaurants create a sense of place
— and a taste of the community — through
partnerships with locally loved chefs such as
Lynn Crawford, Susur Lee, and Roger Mooking.
The voyage through Toronto’s airports is
only enhanced by Avolta’s focus on digital
engagement, whether it be self-checkout, selforder
kiosks, mobile order and pay, its loyalty
program, or through OpenTable reservations at
restaurants.
ESG also continues to be a defining ambition
for Avolta, as it embeds into its culture, as
part of its Destination 2027 strategy, the act of
creating a positive impact through its day-today
business.
As Avolta forges a path for the future of travel
alongside its partners and team members in
North America and around the world, it will
continue to bring immense value to create the
next generation of world-class airports.
32 BUSINESS TIMES MAGAZINE OCTOBER 2024
INFRASTRUCTURE
34 BUSINESS TIMES MAGAZINE OCTOBER 2024
FEATURE
sions. Flint emphasises that this
ambitious vision is what “we are
working on collectively every single
day.”
Flint believes that “passenger
traffic is the heartbeat of any
airport,” making the mass cancellation
of flights and the drastic
reduction in passenger numbers
due to the COVID-19 pandemic
particularly devastating. “We
have sustained significant financial
losses, totalling CAD$1.1 billion
[US$855 million] by the end
of 2021,” she explains. “Year over
year, passenger traffic dropped
by 74 percent in 2020, and in 2021,
traffic declined by an added 4.6
percent compared to 2020, highlighting
that we still have a long
road ahead in our recovery. As
the country embarks on its path
to recovery, the airport and the
surrounding employment zone
will play a crucial role in supporting
that process. Our top priority
is to keep travel healthy, safe,
simple, and as certain as possible
amidst the ever-changing travel
restrictions,” Flint emphasises.
Under Flint’s leadership, revenue
diversification has become
a central pillar of Toronto Pearson’s
strategic direction, with the
health sector appearing as a particularly
promising area of opportunity.
“We explored the market
for strong partners to integrate
health practices into the airport
environment,” she explains.
In 2021, Toronto Pearson partnered
with Switch Health, a Toronto-based
healthcare company, to
provide COVID-19 testing for departing
passengers, employees,
and the surrounding community.
“This partnership offered the convenience
of onsite services at the
airport,” Flint says, highlighting
the benefits of having a testing
clinic that runs around the clock,
in line with the airport’s 24/7 operations.
This initiative not only met a critical
need during the pandemic
but also created a new revenue
stream, helping to support the
airport’s financial recovery. “Our
business model ensures that customers
receive essential services
at competitive rates while generating
income for the airport,” she
adds.
The collaboration with Switch
Health has been so successful
that Flint is now exploring
the possibility of expanding this
model to other airports. “We have
positioned ourselves as a creative
leader in the aviation test-
Architecture | Engineering | Planning
HOK is a collective of future-forward thinkers and designers who are driven to face the critical challenges of our time. We are
dedicated to improving people’s lives, serving our clients and healing the planet.
At HOK, we are passionate about aviation and transportation. Our global Aviation + Transportation group understands the
power these civic projects wield in shaping impressions and sparking opportunities for commerce, trade and tourism. The
airports and transit stations we’ve designed are recognized as some of the world’s best for efficiency, beauty, engineering,
sustainability and—the most important touchstone of all—traveler experience.
BUSINESS-TIMESMEDIA.COM
35
INFRASTRUCTURE
ing space, which is crucial as the
industry must remain agile to
adapt to evolving border requirements
worldwide,” she notes.
This partnership has become a
key commercial part of Toronto
Pearson’s operations, and Flint
expects that added health services
will appear from it. “We’re
thrilled to be involved in this sector
because health and travel will
be permanently interconnected,”
she predicts. “The lessons we’ve
learned from this pandemic have
underscored the importance of
being prepared for future infectious
disease outbreaks.”
As Flint looks ahead to Toronto
Pearson’s recovery and longterm
growth, she acknowledges
the challenges of predicting the
future in such uncertain times.
However, she emphasises the
importance of scenario planning
and modelling as invaluable tools
in navigating these uncertainties.
“While it’s difficult to forecast the
exact trajectory of our growth,
especially in the current environment,
we rely heavily on scenario
planning to prepare for a range
of potential outcomes,” Flint explains.
This approach allows the
airport to still be flexible and responsive
to whatever challenges
and opportunities may arise in
the years ahead.
An airport of the future, by definition,
must also be a sustainable
one. “I’m very proud to be part of
the aviation industry’s commitment
to achieving carbon neutrality
by 2050,” Flint states. At
Toronto Pearson, she is building
on a solid foundation. “We have
a strong history in sustainability,”
she notes, highlighting that the
airport has already reduced its
greenhouse gas emissions by 60
percent since 2006. This commitment
to sustainability is central
to the airport’s long-term vision,
ensuring that it not only meets
the needs of today’s travellers but
also contributes to a healthier
planet for future generations.
Flint acknowledges that reaching
the carbon neutrality target
will be a significant challenge
for the aviation industry, but she
stays “bullish” about its potential
to succeed. “We need to work collectively
and collaboratively to
meet this goal,” she emphasises.
Achieving carbon neutrality will
involve multiple strategies. “Sustainable
aviation fuels will play a
crucial role,” she notes, “as will advancements
in aircraft technologies.”
Additionally, Flint points out
that airports themselves must
be prepared to support these
changes. “The airport and its facilities
will need to accommodate
next-generation aircraft to
support these efforts,” she says,
underscoring the comprehensive
approach required to realise
a sustainable future for aviation.
Flint’s optimism about the future
of Toronto Pearson and the
broader airport industry is fuelled
by the technological advancements
occurring across all aspects
of airport operations. “The
innovations happening in the air,
on the ground, within our facilities,
and with our partners give
me a lot of optimism about the
significant challenge of greening
the airport industry,” she says.
Despite her focus on sustainability,
Flint stays deeply aware of
the importance of the airport’s
experiential aspect. “The best airports
understand how symbolic
they are to what their country
represents,” she asserts. She is
enthusiastic about the chance
to highlight Canada’s strengths
through Toronto Pearson. “We’re
an epicentre of innovation and
economic development, but we
also have a rich cultural landscape,
including the arts and
entertainment,” she notes, highlighting
the Toronto International
Film Festival as an example. “By
integrating humanity and art
into the airport environment, we
reflect the culture and values of
Toronto and Canada.”
Creating a smart, healthy, and
profitable airport of the future
has been Flint’s guiding principle
from the outset of her tenure. It
has been her North Star, especially
during challenging times over
the past two years. “As a CEO,
I believe it is crucial to ensure
that your organisation, particularly
one with complex and specialised
functions—has a clear
understanding of what success
is anchored upon,” she advises,
underscoring the importance of
alignment and vision in leading
an organisation through transformative
periods.
FIND OUT MORE ABOUT
GTAA PEARSON
TORONTOPEARSON.COM
36 BUSINESS TIMES MAGAZINE OCTOBER 2024
FEATURE
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37
HOUS
AIRP
SYST
INFRASTRUCTURE
38 BUSINESS TIMES MAGAZINE OCTOBER 2024
FEATURE
TON
ORT
EM
BUSINESS-TIMESMEDIA.COM
39
INFRASTRUCTURE
40 BUSINESS TIMES MAGAZINE OCTOBER APRIL 2024 2024
FEATURE
TRANSFORMING
AIR TRAVEL
INFRASTRUCTURE UPGRADES
AT HOUSTON AIRPORT SYSTEM
Project by:
Malvern Kandemwa
Words by:
Michelle Duncan
The Houston Airport System
(HAS) stands as a critical gateway
to one of the most vibrant and
economically dynamic cities in
the United States - Houston, Texas.
With three major airports under
its jurisdiction George Bush
Intercontinental Airport (IAH),
William P. Hobby Airport (HOU),
and Ellington Field Joint Reserve
Base (EFD). HAS is one of the largest
airport systems in the nation.
Leading this expansive and complex
network is Jim Szczesniak,
a seasoned aviation professional
with a strong vision for the future.
Under his leadership, HAS
is undergoing significant transformations
in infrastructure and
technology innovation to meet
the demands of a rapidly evolving
aviation industry.
The Houston Airport System is a
critical transportation hub that
serves millions of passengers
each year. In 2023 alone, the system
handled over 58 million passengers,
solidifying its role as a
major international gateway and
a crucial driver of Houston’s economy.
The business model of HAS
is designed to maximise efficiency
and enhance passenger experience
while fostering economic
growth in the region. The system
operates under the oversight of
BUSINESS-TIMESMEDIA.COM
41
INFRASTRUCTURE
Jim Szczesniak, Director,
Houston Airport System
the City of Houston’s Department
of Aviation, which is responsible
for policy setting, regulatory compliance,
and ensuring the overall
strategic direction aligns with the
city’s broader economic goals.
The operations of the Houston
Airport System are characterised
by a commitment to safety, efficiency,
and customer service. Collectively,
IAH and HOU serve millions
of passengers annually and
offer numerous domestic and
international flights. The operational
framework emphasises the
seamless processing of passengers,
effective management of
cargo logistics, and collaboration
with airlines and other stakeholders
to improve service delivery.
Jim Szczesniak, the current Director
of the Houston Airport System
joined in February 2022 bringing
a wealth of experience in aviation
management and operations. Before
joining HAS, Szczesniak held
several key positions, including
serving as the Airport Director at
Ted Stevens Anchorage International
Airport, the world’s fourth
busiest air cargo airport and gateway
to Alaska. He led initiatives
that significantly enhanced cargo
operations and expanded international
reach. His expertise in managing
complex airport systems
and his strategic vision have been
instrumental in driving HAS’s current
and future growth.
Szczesniak’s leadership style is
characterised by a focus on innovation,
customer service excellence,
and sustainability. Szczesniak has
a track record of implementing airport
growth programs while managing
airports to an award-winning
level of customer service. He is
known for his ability to navigate the
challenges of a rapidly changing
aviation landscape while keeping a
sharp focus on operational efficiency
and strategic partnerships.
42 BUSINESS TIMES MAGAZINE OCTOBER 2024
FOOD & DRINK
Fentress Architects is a global leader in airport terminal design,
committed to placing the passenger at the heart of the travel
experience. Our team embraces the belief that every project grows
from its people, place, and purpose. 650 million people visit Fentressdesigned
airports each year, instilling us with a profound sense of
responsibility to create architecture that is uplifting to the human spirit
and enduring in its legacy.
The new International Terminal Complex (ITC) at the
George Bush Intercontinental Airport is a celebration of
Houston. Designed by Fentress Architects, the ITC was
inspired by the city’s vibrant urban and natural environments.
As passengers move through the complex, a light-filtering
feature wall bathes the space in dappled sunlight that recalls
the delicate shade patterns created by a live oak canopy, as
seen in the image on the right. This ever-changing light instills
a sense of peace, more like a visit to an urban park than an
airport. A bold copper-colored spine graces the ceiling, as
seen in the image above, alluding to the lush Buffalo Bayou.
Throughout the design, Fentress remained focus on their stated
objective “to establish a continuous identity for the passenger
experience – curb to gate to curb – through interior finishes and
architecture that are inspired by Houston.”
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www.fentressarchitects.com
FEATURE
INFRASTRUCTURE
UPGRADES
One of the most significant areas
of focus under his leadership has
been the ongoing infrastructure
upgrades across HAS’s airports.
Recognizing the importance of
modern facilities in enhancing
passenger experience and operational
efficiency, Szczesniak has
spearheaded several key projects
which includes the Terminal Redevelopment
Program at IAH. A
multi-billion-dollar project, this
redevelopment aims to modernise
and expand the airport’s
international terminal, increasing
capacity and improving amenities
for travellers. This project includes
the construction of a new
state-of-the-art terminal that will
replace existing structures, providing
more gates, improved baggage
handling systems, and enhanced
passenger services.
Runway and Taxiway Improvements
to accommodate larger
and more advanced aircraft, HAS
invested heavily in runway and
taxiway enhancements. These
upgrades are designed to improve
safety, reduce delays, and
support the growing demand for
both passenger and cargo flights.
Furthermore, Szczesniak has
placed a strong emphasis on sustainability.
Recent infrastructure
projects have included the installation
of energy-efficient lighting,
the expansion of electric vehicle
charging stations, and the implementation
of water conservation
measures. These efforts are part
of a broader strategy to reduce
the environmental impact of airport
operations.
Another groundbreaking project
is the development of the Ellington
Airport Spaceport. This facility
is positioned to make Houston
a key player in the commercial
space industry, supporting space
tourism, research, and other aerospace
activities. The spaceport
is an example of HAS’s commitment
to innovation and future
growth.
BUSINESS-TIMESMEDIA.COM
45
INFRASTRUCTURE
46 BUSINESS TIMES MAGAZINE OCTOBER 2024
FEATURE
Houston Airports is moving forward
with a $23 million phased
renovation of restrooms at Bush
Airport and $8 million in phased
renovations of restrooms at Hobby
Airport. The modernization of
facilities at Bush and Hobby airports
will provide a better airport
experience for millions and millions
of travellers annually.
• Houston Airports has plans to
replace flooring, walls, stalls,
lighting, sinks and counters
in each restroom.
• Houston Airports is leveraging
the latest technology to
provide the most efficient,
intuitive and functional experience.
Occupancy sensors
will be installed above each
full-height stall. Technology
within soap and paper towel
dispensers will alert airport
staff to low supply.
• Custodial closets will be
smartly positioned next to
the restrooms for an efficient
response to passenger needs,
and each restroom will better
meet ADA requirements.
• Restroom stalls will also be
bigger. Each stall will include
space for a carry-on suitcase
and a shelf for personal belongings.
• Mirrors along the counters
will be backlit with energy-efficient
LED lighting,
and new artwork and murals
will create a sense of place
that mirrors the carefully curated
ambiance throughout
Houston’s airports.
BUSINESS-TIMESMEDIA.COM
47
INFRASTRUCTURE
“IT’S IMPERATIVE
THAT HOUSTON
AIRPORTS CONTINUE
TO IMPROVE EXISTING
INFRASTRUCTURE TO
MEET INCREASING
DEMAND WHILE ALIGNING
OUR TERMINALS TO
MEET THE MODERN
AND SUSTAINABLE
DESIGN OF THE NEW
IAH INTERNATIONAL
TERMINAL”
“In 2023, Houston Airports welcomed
a record 60.1 million passengers,
with a vast majority flying
through Bush Airport,” said
Szczesniak. “It’s imperative that
Houston Airports continue to improve
existing infrastructure to
meet increasing demand while
aligning our terminals to meet
the modern and sustainable design
of the new IAH international
terminal. The result of these projects
will be a more resilient and
sustainable airport system that
delivers an efficient passenger
experience from curb to gate.”
“We’re partners, working together
to support the consumer—the
passenger,” he says. “In a sense,
we’re joint-venture partners,
sharing the rewards of ensuring
everything runs smoothly.
This means providing excellent
service, maintaining top-notch
facilities, ensuring cleanliness,
operational effectiveness, and
delivering outstanding customer
service in everything we do.”
He also collaborates closely with
regulators, whom he views as essential
partners in ensuring the
smooth operation of airports and
delivering positive customer experiences.
These partnerships extend
to organisations like United
States Customs and Border Protection
and the Transportation
Security Administration, which
handle screening passengers.
FIND OUT MORE ABOUT
HOUSTON AIRPORT
SYSTEM
FLY2HOUSTON.COM
Strategic partnerships are a cornerstone
of HAS’s success. Under
Szczesniak’s leadership, the airport
system has forged numerous
alliances that have bolstered
its operations and expanded its
influence in the aviation industry.
The relationships between airports
and airlines have historically
been tense. However, he prefers
to see airlines as partners rather
than just customers who rent
space and use services.
48 BUSINESS TIMES MAGAZINE OCTOBER 2024
FEATURE
BUSINESS-TIMESMEDIA.COM
49
HENN
AUTOM
AUTOMOTIVE
50 BUSINESS TIMES MAGAZINE OCTOBER 2024
FEATURE
IGES
OTIVE
BUSINESS-TIMESMEDIA.COM
51
AUTOMOTIVE
52 BUSINESS TIMES MAGAZINE OCTOBER 2024
FEATURE
DRIVING
INNOVATION
LARRY WILLIAMS’ VISION FOR
HENNIGES AUTOMOTIVE
Project by:
Malvern Kandemwa
Words by:
Michelle Duncan
Larry Williams is the President
and Chief Executive Officer of
Henniges Automotive, a leading
global supplier of highly engineered
sealing and anti-vibration
solutions for the automotive
industry. With extensive experience
in the automotive sector,
Larry has successfully guided
Henniges Automotive toward innovation,
operational excellence,
and market expansion, positioning
the company as a key player
in the automotive supply chain.
After joining Henniges Automotive
in 2003 as CFO, Larry Williams
was elevated to interim CEO in
2015. By 2019, he officially assumed
the role of President and CEO following
the company’s acquisition
by a Chinese organisation. This
marked a significant milestone
in Larry’s career and a major advancement
for the company.
“It was an opportunity to lead
the company under new ownership,”
Larry Williams explains.
“We had recently been acquired
by AVIC Automotive, a Chinese
state-owned entity, which had
a long-term vision for the company’s
growth. I saw this as a
chance to implement a strategy
that would not only drive topline
growth and business expansion
but also strengthen the
company’s culture.”
Larry envisions the opportunity
unfolding through both local
and global growth, driven
by a solid financial foundation.
He emphasises that global expansion
is inherently tied to local
production, ensuring that
as Henniges grows internationally,
it also strengthens its local
manufacturing capabilities. This
approach not only supports the
company’s global ambitions but
also fosters sustainable development
within the regions where
Henniges operates.
BUSINESS-TIMESMEDIA.COM
53
AUTOMOTIVE
“We aim to expand in the Chinese
market by leveraging the
market strength of our owners
and capitalising on the growing
automotive sector in China,” Larry
Williams shares. “However, it’s
equally important to continue
building on our strong foundation
in North America. Financially,
we are backed by long-term
strategic owners who fully support
our vision, and the company
is profitable. Henniges is a very
healthy, growing company.”
UNDER WILLIAMS’
LEADERSHIP, HENNIGES
HAS REINFORCED
ITS COMMITMENT TO
QUALITY AND CUSTOMER
SATISFACTION,
WHICH HAS BEEN A
CORNERSTONE OF ITS
SUCCESS.
Henniges Automotive specialises
in providing highly engineered
sealing and anti-vibration solutions
for the automotive industry.
The company’s products are
critical components that contribute
to vehicle safety, comfort,
and overall performance.
These include door seals, window
seals, trunk seals, and other
rubber-to-metal bonded components
that are designed to reduce
noise, vibration, and harshness
(NVH) in vehicles. Henniges
serves a diverse clientele that includes
some of the world’s leading
automotive manufacturers,
providing them with tailored
solutions that meet the specific
needs of each vehicle model.
Under Williams’ leadership, Henniges
has reinforced its commitment
to quality and customer
satisfaction, which has been a
cornerstone of its success. The
company operates on a global
scale, with manufacturing
facilities and technical centres
strategically located in North
America, Europe, and Asia. This
global presence allows Henniges
to serve its customers efficiently,
ensuring prompt delivery and local
support, which are crucial in
the highly competitive automotive
industry.
OPERATIONS
Henniges consists of 19 manufacturing
sites in eight countries
with annual sales in excess of $1
billion and its operations are centred
around delivering high-quality
products through advanced
manufacturing processes. The
company opened a new European
Headquarters and Technical
Centre in the Czech Republic, a
35,800 square-foot facility aimed
at enhancing their engineering
capabilities and constructed the
company’s largest manufacturing
facility in China. They employ
ultramodern technologies
in its production facilities, ensuring
that each product meets
stringent quality standards. The
operations are supported by a
strong supply chain network that
is carefully managed to keep efficiency
and minimise lead times.
One of the key aspects of Henniges’
operations is its focus on
continuous improvement. The
company employs lean manufacturing
principles across its facilities
to enhance productivity
and reduce waste. This commitment
to operational excellence
has enabled Henniges to keep a
competitive edge in the industry,
even as it faces challenges such
as fluctuating raw material costs
and the need for rapid adaptation
to new automotive technologies.
Larry emphasises that local manufacturing
is crucial in today’s
global environment. “We focus
on producing our products
within the country for that specific
market,” he explains. “For
instance, what we produce in
China stays in China, and what
we manufacture in North America,
whether in the US or Mexico,
largely remains within those regions.
We’re not seeking out lowcost
labour markets to relocate
jobs and exploit those advantages.
Our priority is to maintain
production close to where our
products are needed, ensuring
quality and efficiency while supporting
local economies.”
THE COMPANY EMPLOYS
LEAN MANUFACTURING
PRINCIPLES ACROSS ITS
FACILITIES TO ENHANCE
PRODUCTIVITY AND
REDUCE WASTE.
54 BUSINESS TIMES MAGAZINE OCTOBER 2024
The future of clamping profiles
has a name.
bfc – the innovative cut.
The bfc Group is a leading manufacturer of metallic lanced and stretched clamping
profiles, which are used as a stabilizing but flexible carrier for rubber seals. Due to its
high development competence and innovative strength, bfc has become an important
strategic partner of Henniges Automotive.
With production sites in North and Central America, Europe and Asia,
bfc is globally positioned and represented wherever it can support its
customers with high flexibility and short time to market. bfc works closely
with its customers and develops solutions according to their individual
requirements. We see ourselves as a true partner throughout the entire
value creation process, from the first inquiry to the completion of product
approval. bfc is therefore a valued adviser and agile, creative partner
for its customers.
A high vertical integrity of processes offers bfc the possibility to drive
superior solutions and to meet the consistently growing market requirements.
The development department has many years of specific technical
knowledge that is second to none. All machines and tools for production of
the lanced clamping profiles are developed and manufactured completely
in-house by bfc’s tool shop. This enables flexible intervention in the process
at any time and thus optimum support for the customer.
At a time when climate protection is increasingly at the center of economic
decisions, bfc has established itself as a pioneer in sustainability and
innovation. Since the beginning of 2024, bfc has been reporting the
Product Carbon Footprint (PCF) for each of its products, relying on the
„Cradle to Gate“ method, which covers the entire production process from
raw material extraction to leaving the factory. In this way, it makes a
significant contribution to transparency and environmental protection.
This approach allows the company to quantify exactly how much CO 2
emissions are generated during the production of a product. This gives
customers a clear view of the environmental impact of their purchasing
decisions. Another highlight of bfc is the development of innovative
products that further reduce CO 2
emissions. For example, new materials,
new patterns/designs and manufacturing processes have been introduced
that require less raw material use.
Customers appreciate the company‘s transparency and commitment, and
experts also praise its pioneering role in sustainability. Sales have increased
since the introduction of the PCF disclosures, which shows that conscious
consumers are willing to prefer sustainable products.
The bfc Group has a longstanding strategic partnership with Henniges
Automotive. Together, several significant new product developments have
been launched that will decisively increase the competitiveness of bfc and
Henniges.
The markets of the future will always confront us with new challenges. bfc
sees itself well equipped to meet these challenges with a young, dynamic
team that is stronger than ever after the acquisition of Arrowhead in 2023
and the establishment of a new production plant in Spain this year.
bfc is fast, flexible, solution-oriented, innovative and globally
positioned. We therefore see ourselves as the ideal partner
who knows how to support its customers and make decisive
contributions, allowing them to achieve their own goals.
info@bfc-profile.com
www.bfc-profile.com
Global Headquaters
bfc Fahrzeugteile GmbH
Industriestr. 17
74321 Bietigheim-Bissingen
Germany
P +49 7142 788909-0
North American HQ
bfc Profile USA
4545 Johnston Parkway
Cleveland, OH 44128
United States of America
Asia Pacific HQ
bfc Shanghai Metal Carrier Co. Ltd
B2, No502 Tianying Road
Qingpu County, Shanghai 201712
Republic of China
P +1 216 581 1500 BUSINESS-TIMESMEDIA.COM
P +86 21 592 271 82
55
AUTOMOTIVE
INFRASTRUCTURE
UPGRADES
Henniges Automotive has undertaken
significant infrastructure
upgrades to enhance its
manufacturing capabilities and
support its growth strategy.
These upgrades have included
the modernization of existing
facilities and the expansion
of production capacity to meet
the increasing demand for advanced
sealing and anti-vibration
solutions.
A key component of these infrastructure
improvements has
been the integration of advanced
automation and robotics into the
manufacturing process. This has
not only increased production
efficiency but also improved the
consistency and precision of the
products. Additionally, Henniges
has invested in the development
of its R&D facilities to foster innovation
and support the creation
of new products that meet the
evolving needs of the automotive
industry.
These infrastructure upgrades
have also extended to the company’s
IT systems, where Henniges
has implemented advanced
data analytics and enterprise resource
planning (ERP) systems.
These systems have enhanced
the company’s ability to monitor
and manage operations in
real-time, leading to better decision-making
and a more agile
response to market changes.
56 BUSINESS TIMES MAGAZINE OCTOBER 2024
FEATURE
Larry elaborates on the company’s
operational strategy, stating,
“We’ve implemented what we
call ‘the Henniges Production
System,’ which closely resembles
the Toyota Production System. It
focuses on continuous improvement,
lean principles, and making
incremental enhancements
every day to drive operational
efficiency.”
He highlights the role of automation
and robotics in this strategy:
“We’re exploring ways to incorporate
automation and robotics
to handle some of the more
routine, manual tasks. This approach
allows us to elevate the
skill level of our workforce, transitioning
from basic manual labour
to managing and improving
robotic systems. It’s not just
about reducing headcount; it’s
about transforming the skill set
required and addressing gaps
in our workforce where finding
qualified employees is challenging.”
Larry also notes the company’s
success in retaining employees:
“Once we find the right people,
they tend to stay with us due
to our strong company culture
and the opportunities for career
advancement. We provide our
employees with the freedom to
shape their careers based on
their ambitions and efforts. Being
a global company offers numerous
opportunities to work in
diverse cultures and locations.
With 19 factories across eight
countries, our employees can
gain international experience
and further their careers in various
global contexts.”
BUSINESS-TIMESMEDIA.COM
57
FEATURE
STRATEGIC
PARTNERSHIPS
Strategic partnerships have
been a cornerstone of Henniges
Automotive’s success. Recognizing
the importance of collaboration
in driving innovation and
growth, Williams has prioritised
building strong relationships
with key players in the automotive
industry, including suppliers,
customers, and technology
partners.
Henniges’ partnerships with
automotive OEMs (Original
Equipment Manufacturers) are
particularly significant. These
collaborations have enabled the
company to work closely with vehicle
manufacturers during the
design and development phases,
ensuring that Henniges’ products
are perfectly tailored to the specific
requirements of each vehicle.
This close cooperation has not
only strengthened customer relationships
but has also positioned
Henniges as a preferred supplier
for many leading automakers.
Larry also emphasised the advantages
of long-term partnerships,
particularly in relation to capital
equipment expenditures. “One
of the biggest benefits of having
long-term partners is in managing
our capital equipment investments.
We collaborate closely with
our vendors to explore innovative
approaches for manufacturing
our products as we launch innovative
programs. This collaboration
helps us find ways to reduce our
capital expenditure while simultaneously
enhancing operational
efficiency,” he explains.
BUSINESS-TIMESMEDIA.COM
59
AUTOMOTIVE
He further elaborates on the process:
“By working together with
equipment suppliers, we can
develop best manufacturing
solutions rather than simply purchasing
off-the-shelf equipment
or dictating to suppliers how they
should perform their roles. Our
expertise lies in manufacturing,
not in designing equipment, so
leveraging the suppliers’ knowledge
and experience leads to
more effective and cost-efficient
solutions.”
Larry underscores that successful
strategic partnerships require
mutual benefit: “For these longterm
partnerships to be effective,
they must create a win-win scenario
for both parties. It’s about
finding shared value and achieving
the best outcomes for both
sides.”
FIND OUT MORE ABOUT
HENNIGES AUTOMOTIVE
HENNIGESAUTOMOTIVE.COM
60 BUSINESS TIMES MAGAZINE
FEATURE
BUSINESS-TIMESMEDIA.COM
61
CYCL
GRO
ENGINEERING
62 BUSINESS TIMES MAGAZINE OCTOBER 2024
FEATURE
ECT
UP
BUSINESS-TIMESMEDIA.COM
63
ENGINEERING
CYCLECT GROUP
ENGINEERING
EXCELLENCE AND
INNOVATION FOR
A SUSTAINABLE
FUTURE
Project by:
Malvern Kandemwa
Words by:
Michelle Duncan
Melvin Tan is the Group Managing
Director of Cyclect Group, a
prominent provider of integrated
engineering solutions with a focus
on electrical, mechanical, and
infrastructure services. Founded
in 1944, Cyclect has developed a
strong reputation for delivering
quality services and innovative
solutions across various sectors,
including construction, marine,
oil and gas, and renewable energy.
Under Melvin’s leadership, the
company has embraced growth
and transformation, positioning
itself as a leader in engineering
and technology services.
Cyclect operates as a multidisciplinary
engineering company,
offering a wide range of services
such as mechanical and electrical
engineering, energy management,
systems integration, and
maintenance services. Their core
competencies are deeply rooted
in electrical installations, plant
maintenance, and system upgrades,
especially for industries
like pharmaceuticals, data centres,
and marine.
The company has been able
to expand its offerings to more
complex, technology-driven
solutions. They also work on en-
64 BUSINESS TIMES MAGAZINE OCTOBER 2024
FEATURE
Melvin Tan,
Group Managing Director,
Cyclect
ergy audits and management
systems to help industries optimise
their power consumption.
Cyclect’s electrical experts have
contributed to the development
of iconic landmarks such as Gardens
by the Bay, the Marina Bay
Sands Resort, and the Singapore
Grand Prix. In recent years, the
company has successfully diversified
into emerging fields like
robotics, renewable energy, and
cybersecurity, leading to significant
growth and expanding its
capabilities in cutting-edge industries.
One of Cyclect’s key strengths is
its ability to provide tailored solutions
to niche industries. Its diversified
range of services extends
to marine and offshore engineering,
infrastructure projects, and
the design and building of mission-critical
facilities.
Melvin Tan represents the third
generation of the Tan family to
lead Cyclect, which started as a
small machinery repair workshop
during the Japanese occupation
of Singapore in 1943. He joined
the company as a trainee in 1997,
during a time when its core business
focused primarily on ship
repairs. Under his leadership,
Cyclect has grown significantly,
and today, the company employs
around 700 people and operates
in nine countries, reflecting its
transformation into a global engineering
solutions provider.
BUSINESS-TIMESMEDIA.COM
65
ENGINEERING
INFRASTRUCTURE
UPGRADES
Cyclect has consistently invested
in modernising its infrastructure
to better meet the demands
of a rapidly evolving industrial
landscape. This has included upgrading
its engineering facilities,
adopting new tools, and incorporating
advanced software for
more accurate project planning
and execution. These upgrades
have allowed the company to
boost productivity, lower project
completion times, and offer more
efficient solutions to its clients.
For instance, Cyclect has incorporated
state-of-the-art technologies
in their testing and commissioning
processes, ensuring
that all projects meet the highest
standards of safety and efficiency.
The company has also enhanced
its digital capabilities, utilising
cloud-based management systems
and predictive maintenance
technologies that allow them to
proactively manage complex infrastructure.
Melvin highlights Cyclect’s expertise
in heat recovery and electrical
engineering, which has enabled
them to assist large manufacturing
facilities in reducing waste
and generating energy, ultimately
helping to lower carbon emissions.
Over the past decade, these
efforts have resulted in significant
carbon savings, with some plants
reducing their CO2 output by
hundreds of tonnes annually.
Sustainability, as Melvin emphasises,
must also align with responsibility.
For Cyclect, this means
ensuring that ethical considerations
are woven into every part
of the business, including supply
chain management. The company
takes care to scrutinise where
products are sourced from, making
sure they are not linked to unethical
practices, such as forced or
slave labour.
Under his leadership, Cyclect has
strategically partnered with international
firms to expand its reach
and technological capabilities.
These partnerships have been
crucial for tapping into global expertise,
enabling the company to
offer advanced solutions and stay
ahead in a competitive industry.
Some of these collaborations
have been with technology providers,
research institutions, and
global engineering companies,
which provide Cyclect access to
cutting-edge technologies and
practices.
By forming alliances with other
engineering companies, Cyclect
has been able to undertake
large-scale projects in areas such
as renewable energy and smart
city infrastructure. These partnerships
have also been pivotal in expanding
Cyclect’s operations beyond
Singapore to other regions
in Southeast Asia, broadening its
market base.
Melvin Tan is actively leveraging
Cyclect’s strengths in the battle
to decarbonize, a key focus for
the company in the face of growing
sustainability demands. Every
major project Cyclect undertakes
now includes a robust set of sustainability
Key Performance Indicators
(KPIs), and the company is
well-positioned to meet them.
66 BUSINESS TIMES MAGAZINE OCTOBER 2024
FEATURE
Our purpose is to unlock the extraordinary potential
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Partner focus:
Signify
Signify, a global leader in lighting, has partnered
with Cyclect to promote sustainability through
solar energy and connected lighting solutions.
This collaboration aligns with Signify’s climate
transition plan to achieve net-zero carbon
emissions by 2040, showcasing commitment to
innovative, eco-friendly practices.
Together, Signify and Cyclect are transforming
the energy landscape by implementing
advanced solar power systems, which reduce
energy costs and significantly lower emissions.
Jitender Khurana, General Manager, Systems
and Services, Asia Pacific at Signify, emphasises
the value of the partnership: “Our collaboration
with Cyclect enables us to combine our expertise
in lighting and energy management with their
deep knowledge of engineering solutions.
Together, we’re empowering organisations to
meet their sustainability goals.”
The partnership also includes Signify’s Interact, a
revolutionising smart lighting solution, that helps
businesses reduce energy consumption and
improve productivity, through advanced sensors and
real-time data insights. The solution is implemented
in commercial and industrial operations, setting new
standards in energy efficiency and sustainability.
Supporting these efforts, Signify’s ultra-efficient
LED product line reinforces their dedication to
sustainable development.
Jitender adds: “The system’s powerful data and
analytics capabilities enable businesses to
monitor, analyse, and report their lighting usage,
energy savings, occupancy patterns and benefit
from remote management and predictive
management capabilities. By integrating
Interact with Cyclect’s engineering capabilities,
we create seamless, intelligent lighting systems
that deliver an attractive return on investment”
Together, Signify and Cyclect are paving the
way for a more sustainable future, proving that
innovation and partnership are vital in tackling
climate change and achieving impactful results.
BUSINESS-TIMESMEDIA.COM
67
ENGINEERING
68 BUSINESS TIMES MAGAZINE OCTOBER 2024
FEATURE
ENHANCED
CONNECTIVITY
Melvin Tan sees the Internet of
Things (IoT) as one of the most
promising areas for growth, with
increasing connectivity across
devices and systems. “Everything
is connected, from the lights in
our homes to our phones and
cars,” he explains. Melvin himself
drives an electric vehicle linked to
his phone and office, a testament
to how interconnected our lives
are becoming. He believes that
this trend will only continue, with
more everyday objects integrating
into expansive data networks.
Cyclect is investing in this space
to explore how these connections
will evolve and create new opportunities,
knowing that many
more elements will be added to
this digital ecosystem.
Cybersecurity, in particular, stands
out as a critical component of this
future. Melvin identifies a significant
gap in the market for protecting
both individuals and corporations
from cyber threats like
malware and hackers. To address
this, Cyclect has partnered with
BDATA, an innovative Canadian
startup, to develop cutting-edge
cybersecurity solutions. These applications
are designed to safeguard
manufacturing facilities,
critical infrastructure, and military
assets. BDATA’s technology is
already being used in high-stakes
environments, including military
drones, autonomous mining operations,
pipelines, power plants,
and water treatment plants, helping
to prevent potentially devastating
attacks on essential infrastructure.
Melvin Tan’s strategic vision for
Cyclect over the next few years revolves
around the “three Ds”: digitalization,
development of skills,
and diversification. These key pillars
are designed to position the
company for long-term growth
and resilience in an evolving business
environment.
BUSINESS-TIMESMEDIA.COM
69
ENGINEERING
1. DIGITALIZATION
Melvin sees digitalization as a
transformative force impacting all
aspects of business. For Cyclect, it
represents a significant opportunity,
especially as digital systems
require power and robust cybersecurity
measures. The rise of remote
working and the need for
remote facility control have created
demand for advanced digital
tools. Melvin emphasises that even
traditionally manpower-intensive
tasks, like maintenance, are being
transformed by technologies
such as cameras and artificial intelligence.
These systems can now
detect issues like broken glass, fire,
smoke, or security breaches, auto
mating processes and improving
safety.
Cyclect’s digital transformation
goes beyond conventional customer
relationship management
(CRM) and enterprise resource
planning (ERP) systems. The company
is embracing data analytics
to anticipate equipment failures
and optimise operations, which
will further enhance productivity
and efficiency.
Moreso, they made strides in the
development of robotic technologies,
specifically to improve operations
in sectors like hospitality.
The company has created robotic
systems that work alongside humans
to streamline hotel banquet
operations, reducing costs and minimising
the need for manpower.
These robots enable one person to
handle the workload of four, lightening
the burden of heavy lifting
and improving overall efficiency.
This innovation reflects Cyclect’s
commitment to integrating automation
and robotics into its
services to better serve industries
facing labour shortages and rising
manpower costs.
70 BUSINESS TIMES MAGAZINE OCTOBER 2024
FEATURE
2. DEVELOPMENT OF
SKILLS
The second “D” focuses on the
development of skills within the
workforce. With the cost of manpower
increasing, Cyclect recognizes
the importance of training
and retaining skilled employees
to boost productivity and stay
competitive. The company invests
in upskilling its staff, ensuring
they are equipped with the
latest knowledge and capabilities,
particularly in digital technologies
and advanced engineering
processes. This approach not only
enhances employee retention but
also ensures that Cyclect remains
at the forefront of industry trends.
3. DIVERSIFICATION
Lastly, diversification plays a crucial
role in Melvin’s strategic plan.
Cyclect is actively expanding its
offerings into new industries and
technologies, such as cybersecurity,
renewable energy, and robotics.
By diversifying its portfolio, the
company is better able to weather
economic shifts and seize new opportunities
in fast-growing sectors.
This broadening of scope aligns
with Melvin’s belief that innovation
and flexibility are key to sustaining
the company’s growth.
Together, these “three Ds” form
the backbone of Cyclect’s future
strategy, ensuring the company
remains agile, competitive, and
innovative in a rapidly changing
world.
FIND OUT MORE ABOUT
CYCLECT
CYCLECT.COM
BUSINESS-TIMESMEDIA.COM
71
GOLD F
GHA
RESOURCES
72 BUSINESS TIMES MAGAZINE OCTOBER 2024
FEATURE
IELDS
NA
BUSINESS-TIMESMEDIA.COM
73
RESOURCES
74 BUSINESS TIMES MAGAZINE JULY 2024
FEATURE
GOLD FIELDS GHANA:
IMPLEMENTING
REVOLUTIONARY
MINING TECHNOLOGY
IN ORDER TO BOOST
EFFICIENCY
Project by:
Malvern Kandemwa
Words by:
Michelle Duncan
Ghana is a country found in West
Africa that is globally known for its
gold production. The mining industry
has played a critical role in
the country’s economy for centuries,
and Ghana Gold Fields is one
of the leading gold mining companies
in the region. The company
has been running in Ghana since
1993, and it has employed over
5,000 people who are directly and
indirectly involved in its operations.
It has implemented various strategies
that have contributed to its
success. One of the driving forces
behind this success has been the
leadership of their regional head of
supply chain, Mr Joshua Mortoti.
Mr Mortoti has been an instrumental
figure at the company, implementing
measures that have
significantly contributed to the
success of the company’s operations.
His leadership qualities have
been essential in easing the company’s
supply chain and ensuring
that the company has the resources
it requires to run efficiently.
The supply chain management
process of any company is crucial
to its success, and Mr Mortoti has
been able to streamline this process
effectively. He has implemented
efficient inventory management
systems, reduced lead times
and delivery durations, and improved
the quality of the company’s
supplies. With his leadership,
Gold Fields Ghana has been able to
keep its operational efficiency and
remain competitive in the mining
industry.
BUSINESS-TIMESMEDIA.COM
75
RESOURCES
One of the most significant challenges
that mining companies
face is environmental compliance.
Gold Fields Ghana has consistently
implemented environmental
best practices to mitigate
the impact of their mining activities.
The company’s partnership
with Knight Piesold Ghana limited
has been crucial in this regard.
Knight Piesold Ghana Limited is
an engineering and environmental
consulting company that supplies
environmental services to
various industries, including mining.
The firm has been a valuable
partner of Gold Fields Ghana,
supplying innovative solutions to
environmental challenges, and
improving the company’s environmental
performance.
Additionally, the partnership has
enabled Gold Fields Ghana to follow
local and international standards
and regulations on environmental
compliance. Knight
Piesold Ghana limited has also
provided the company with insights
and knowledge about best
practices in environmental management,
thus helping the company
to stay ahead of its peers.
GOLD FIELDS GHANA
HAS CONSISTENTLY
IMPLEMENTED
ENVIRONMENTAL BEST
PRACTICES TO MITIGATE
THE IMPACT OF THEIR
MINING ACTIVITIES. THE
COMPANY’S PARTNERSHIP
WITH KNIGHT PIESOLD
GHANA LIMITED HAS BEEN
CRUCIAL IN THIS REGARD.
76 BUSINESS TIMES MAGAZINE OCTOBER 2024
ABOUT KNIGHT PIESOLD GHANA
Knight Piésold Ghana Limited was Incorporated
in 1996 and since that time has provided specialist
Engineering, Environmental, Geosciences and
Materials Testing services to the Mining sector
within Ghana and neighboring West Africa
countries.
The Knight Piésold group, of which Knight
Piésold Ghana is part, is an international company
of consulting Engineers and Environmental
scientists providing services to public and private
sector clients in the Water, Power, Mining and
Environmental fields.
We work closely with our clients, understanding
unique project characteristics within the context
of today’s global business environment. With
a commitment to quality, safety and technical
excellence, Knight Piésold specializes in creating
customized solutions at every stage of a project
life cycle, while delivering sustainable, bottomline
results. We have led numerous award-winning
projects to completion and have fostered many
long-term client relationships that hold strong today.
OUR EXPERTISE
Engineering: Geotechnical Engineering; Water
Resources Engineering; Structural Engineering
Environmental: Baseline Studies; Water Quality
Studies; Environmental Management Plans and
Monitoring; Environmental and Social Impact
Studies; Closure and reclamation; Environmental
Auditing; Water Quality Studies; Social Studies and
Community Engagement
Geosciences: Hydrology, Hydrogeology;
Geochemistry
Management and Testing: Construction
Supervision and QA/QC; Soils and Materials
Testing; Geographic Information System; Data
Management; Project Management
www.knightpiesold.com
Knight Piésold Ghana Ltd.
House No.20 2nd Close
Airport Residential Area
P.O Box C4122 Cantonments Accra
+233 30 702 1155
accra@knightpiesold.com
anketiah@knightpiesold.com
RESOURCES
MINING
OPERATIONS
Ghana Gold Fields’ mining operations
have played a vital role in the
company’s success in the region
over the years. The company has
two mining projects in Ghana: The
Tarkwa Mine and the Damang
Mine. The Tarkwa Mine is one of
the largest gold mines in Africa,
and it has been in operation since
1997. The Damang Mine is in the
Western Region of Ghana, and it
has been in operation since 1998.
The company aims to produce
over 1 million ounces of gold each
year, and it has invested heavily
in modern mining techniques to
achieve this goal.
THE COMPANY AIMS TO
PRODUCE OVER 1 MILLION
OUNCES OF GOLD A YEAR
TECHNOLOGY
TRANSFORMATION
The Ghana Gold Fields Mining
Company has invested heavily in
advanced mining technologies
to enhance productivity and efficiency,
reduce costs, and improve
safety for its employees.
The company has implemented
ultramodern mining equipment
and instrumentation such as GPS,
robotics, and automation, which
has led to better tracking and
management of mining activities.
The company uses autonomous
haul trucks, which can work
24/7 without the need for breaks
or drivers. This technology has
significantly reduced accidents
and improved productivity in the
mines. The company has also deployed
drones and other remote
sensing technologies, making it
possible to find and address issues
in real-time. This also helps
with mapping and surveying the
mines. The drones enable the
company to check its operations
in real-time and collect data that
is used to better understand its
overall operational excellence.
78 BUSINESS TIMES MAGAZINE OCTOBER 2024
FEATURE
SUSTAINABILITY
Sustainability is a major part of
Ghana Gold Fields Mining Company’s
vision. The company has
adopted sustainable practices to
ensure responsible, ethical, and
environmentally friendly mining
operations. The company has implemented
measures to minimize
its carbon footprint and reduce
greenhouse gas emissions. It has
invested in renewable energy
systems such as solar panels and
wind turbines to reduce dependence
on fossil fuels. The company
also fosters good relationships
with local communities by
investing in their socio-economic
development through education,
healthcare, and other initiatives.
SOCIAL
RESPONSIBILITY
Gold Fields Ghana is also committed
to creating value and improving
the lives and communities
of its stakeholders. As part of
its corporate social responsibility
(CSR) strategy, the company has
implemented various initiatives
and projects aimed at improving
the social and economic well-being
of the communities in which
it works.
One of the key areas of focus of
their CSR strategy is community
development. The company has
set up a dedicated Community
Development Department (CDD)
tasked with implementing development
projects in collaboration
with community leaders and other
stakeholders. The CDD uses a
participatory approach to engage
communities in the identification
and prioritization of development
needs, ensuring that projects are
aligned with the needs and aspirations
of the people.
Another important aspect of the
CSR strategy is environmental
stewardship. The company has
implemented a comprehensive
environmental management system
aimed at minimizing the impact
of its operations on the environment.
They have invested in
various initiatives aimed at reducing
its carbon footprint, including
the use of renewable energy
sources, such as solar and wind
power.
Gold Fields is also committed to
promoting responsible mining
practices. The company has implemented
measures aimed at
improving occupational health
and safety, such as the provision
of personal protective equipment
to all employees and regular training
on health and safety issues.
They also have a strong commitment
to ethical conduct and have
implemented various anti-corruption
measures to ensure that
its operations are conducted in a
transparent and ethical manner.
THE COMPANY HAS SET UP
A DEDICATED COMMUNITY
DEVELOPMENT
DEPARTMENT (CDD)
TASKED WITH
IMPLEMENTING
DEVELOPMENT PROJECTS
IN COLLABORATION WITH
COMMUNITY LEADERS...
BUSINESS-TIMESMEDIA.COM
79
RESOURCES
In addition to the above, Gold
Fields Ghana has implemented
various initiatives aimed at improving
the quality of life of its
employees and their dependents.
The company supplies a range of
social services to its employees,
including health and medical
services, education and training
opportunities, and other welfare
services aimed at improving their
well-being.
Overall, Gold Fields’s CSR strategy
is aimed at creating a sustainable
future for both its stakeholders
and the wider Ghanaian society.
Through its various initiatives and
projects, the company is showing
its commitment to ethical conduct,
environmental stewardship,
and community development,
which are all critical to the longterm
success of its operations. As
such, this is setting the standard
for responsible mining practices
in Ghana and beyond.
The success of Gold Fields Ghana
operations is attributed to several
factors, including the leadership
of Mr Joshua Mortoti and strategic
partnerships like Knight Piesold
Ghana limited. The company’s
supply chain management
process has been streamlined,
and environmental compliance
80 BUSINESS TIMES MAGAZINE OCTOBER 2024
FEATURE
has been prioritized, contributing
to the sustainability of the company’s
operations. As the mining
industry in Ghana continues to
grow, Gold Fields Ghana will undoubtedly
continue to be a significant
contributor to the development
of the country’s economy.
FIND OUT MORE ABOUT
GOLD FIELDS GHANA
GOLDFIELDS-GHANA.
COM
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