GDP UPDATE
May 2015
TABLE OF CONTENTS
AMERICAS
United States
Canada
ASIA
China
India
Indonesia
Japan
Malaysia
Pakistan
EUROPE / AFRICA / MIDDLE EAST
Eastern Europe
France
Norway
United Kingdom

AMERICAS
Canada
International Monetary Fund has lowered its outlook for Canadian economic growth.

It describes Canada’s recent performance as “solid” but says the risk to its growth has been increased by an unusually large drop in oil prices, weaker business investment in the energy sector and lower employment growth

The latest projection from the Washington-based agency calls for the Canadian economy to grow 2.2% in 2015, down from the January estimate of 2.3%.

Canada is expected to outperform Japan and countries that use the euro, but lag behind the United States and the United Kingdom.

The IMF estimates in a report that the American economy will grow 3.1% this year and the U.K’s real gross domestic product will grow by 2.7%.

The IMF also predicts the 18 countries that use the euro will expand 1.5% in 2015, up from a January forecast of 1.2%. The fund forecasts that Japan will grow 1.0% this year, versus an earlier forecast of 0.6%.

Exports have been touted as a savior of the economy, with Canadian exporting set to rise on the lower dollar…The remaining text is not included in this sample.

ASIA
China
Is it time to start panicking about China’s debt? If you believe Beijing won’t support the municipalities that have overdosed on credit over the last few years, then absolutely. But overall, China’s federal level debt remains low, bank’s remain strong despite higher non-performing loans on the balance sheet, and yet we still get a total debt to GDP ratio of a whopping 282%.

First, a little comparison. The U.S. total debt to GDP, which includes household and corporate debt, is 331.7%. The economy has not imploded because of that, though there are plenty of people out there with books and newsletters to sell who say it is only a matter of time. They might be right. The same holds for China.

McKinsey Global Institute blamed China’s debt burden on a credit bubble which began in earnest in 2009. Back then, China was trying to plug up the holes left by the U.S. and European financial crisis. China is export dependent. When its two biggest clients fell because of its own credit bubble, China did what all economies do in crisis — stimulate, stimulate, and stimulate some more.

McKinsey says local debt is the biggest problem. Central government debt is still low, at around 64% of GDP. That gives the government room to — well, stimulate some more. The central bank is currently running its own mini-QE program, which has helped the stock market beat the MSCI Emerging Markets Index by a landslide year-to-date…The remaining text is not included in this sample.

EUROPE / AFRICA / MIDDLE EAST
Eastern Europe
Investors can expect mostly upbeat data from Eastern European markets this week, despite the potential contagion from recession in Russia and financial crisis in Greece, according to Capital Economics.

Russia, Bulgaria, the Czech Republic, Hungary, Poland, Romania and Slovakia are scheduled to report first quarter GDP figures this week. The Russian economy likely contracted by around 3% year over year, with inflation hurting consumer spending. “But industry has held up reasonably well, which has prevented an even sharper fall in output,” Capital Economics writes. For central and southern Europe, Capital Economics sees an expansion in output of 3% year over year for the region, compared with 2.7% in the fourth quarter of 2014. Capital Economics adds:

“There has been very little evidence, so far at least, that the recession in Russia and renewed problems in Greece have had any impact on activity in the region … At a country level, we think that Hungary and Poland were the region’s best performers. We have penciled in GDP growth of 3.3% y/y in both countries, which would roughly be in line with the fourth quarter’s outturn. Elsewhere, we think growth in the Czech Republic accelerated to around 2.0% y/y in the first quarter, from 1.4% y/y in the fourth quarter, and would highlight that the chance of an upside surprise here is high.

As for Russia, Capital Economics expects preliminary first quarter GDP contraction due to the toll from “low oil prices, last year’s ruble crisis and Western sanctions.”

The slump in consumer-facing sectors was probably the biggest drag on growth in Q1 as households’ real incomes collapsed on the back of soaring inflation. Retail sales contracted by 6.9% y/y in real terms over the first three months of the year. Investment in productive capacity was also hard hit, falling by 6.1% y/y in Q1…The remaining text is not included in this sample.
A complete analysis of GDP and monthly updates for individual countries are included as part of Air Filtration and Purification World Markets.
For more information on: Air Filtration and Purification World Markets, click http://home.mcilvainecompany.com/index.php/markets/2-uncategorised/108-n022
FOOD INDUSTRY UPDATE
MAY 2015


TABLE OF CONTENTS
AMERICAS
Seaboard Foods, Triumph Foods to Jointly Build $264m Pork Processing Facility in Iowa
Fitlife Foods to Open Food Production Center in Plant City, Florida
Grupo LALA Inaugurates Phase I of $50m Dairy Plant in Nicaragua
Wayne Farms to Create 500 Jobs in Alabama with Processing Plant Expansion
MG Foods' $2.55m Investment to Create 120 Jobs in Texas
Sopakco Expands Operations in South Carolina with New Fitment Pouch Line
Kelly Turkeys USA to Build New Poultry Production Facility in Virginia
Kellogg to Expand Cereal Production Plant in Canada
General Mills to Invest $253m to Expand Operations in Tennessee
EMEA
Vasari Global Opens Phase I of $150m Food Facility in Ethiopia
Mamee TGU to Build Instant Noodles and Snack Foods Factory in Saudi Arabia
Al Safi Danone Iraq to Receive Investment from IFC to Expand Dairy Operations
French Kiss Boosts Confectionery Production with New Moscow Facility
GrowUp Urban Farms gets nod to begin construction on aquaponic farm in UK
ASIA
Kinh Do, Saigon Ve Wong to Build $30m Instant Noodle Plant in Vietnam
Fonterra Increases Mozzarella Production with New Clandeboye, New Zealand Plant
Cargill to Commission Corn Milling Plant in India
ADM to Set Up Feed Plants in China and Minnesota
Kawan Food to Commission New Factory in Malaysia
ITC to Set Up Four Food Parks in Tamil Nadu, India
MERGERS/ ACQUISITIONS
ADM to Acquire Sweetener Manufacturer Meiweiyuan Biotechnology
Neo Group to Acquire Surimi-Based Foods Manufacturer Thong Siek
Frutarom acquires 60% stake in Indian Flavors Company Sonarome
For more information on: Air Filtration and Purification World Markets, click http://home.mcilvainecompany.com/index.php/markets/2-uncategorised/108-n022
PHARMACEUTICAL & BIOTECHNOLOGY
INDUSTRY UPDATE
April 2015
TABLE OF CONTENTS
UNITED STATES
Baxter Expanding Arkansas Medical Products Plant
NeoStem Announces Expanded Cell Therapy Manufacturing
Catalent Pharma Solutions (CTLT)' Expansion in Kentucky
PPD Opens New Chinese Central Lab
First Emerald Cloud Lab Production Facility Unveiled
Regene Acquires New Laboratory Facilities in U.S.
Genentech Announces Expansion in Hillsboro
Tennessee’s LabConnect to Triple Laboratory Space
New Catholic Hospital in Maryland
New Parkland Hospital
Unique Pharmaceuticals Launches Sterile Operations
PRA Health Sciences Launches Early Phase Expansions
G-CON Manufacturing Selected to Build for UTHSC
Bayer Invests in Berkeley, CA Site
Bayer Opens Facility in Pikeville, NC
Ipsen Opens R&D Center
GSK to Establish Global Vaccines R&D Centre in Rockville, MD
REST OF WORLD
New Lab Unveiled at Mintek NIC
Merck & Co.'s Plans for Facility in County Carlow, Ireland
AbbVie Expanding Facilities in Barceloneta, Puerto Rico
Almac to Relocate Protein Business
Novo Nordisk Opens New Insulin Manufacturing Facility in Russia
Ireland Aims to Attract Biomanufacturing with R&D Grants
Sigma-Aldrich Opens Latest Singapore Biopharma Investment
LabCorp, Quintiles and Quest Diagnostics Combining Clinical Trials Lab Operations
South Africa Unveils Cleanroom to Fight Deadly Diseases
Theravectys Opens New Facility
Onyx Scientific Expands GMP Capabilities
Intertek Clinical Research Services Moves to New Laboratory Facility
UK's Leading Disease Lab Offers New Designs
Green Cross to Expand Biologics Market in Russia
For more information on: Air Filtration and Purification World Markets, click http://home.mcilvainecompany.com/index.php/markets/2-uncategorised/108-n022

SEMICONDUCTOR INDUSTRY UPDATE
April 2015
TABLE OF CONTENTS
CSOT and BOE Expand Facilities
ClassOne Enters ECD Lab Partnership with Shanghai Sinyang
Entrepix Adds 300 mm CMP Capabilities to Phoenix Foundry
For more information on: Air Filtration and Purification World Markets, click http://home.mcilvainecompany.com/index.php/markets/2-uncategorised/108-n022
World Power Generation Projects
This includes only projects where there was an update during the month. There are thousands of projects in the database.
New power generation projects are tracked in two publications. Fossil and Nuclear Power Generation includes both market forecasts and project data. World Power Generation Projects has just the project data.

Revision Date: 4/1/15

Project Title First Entry Date Location Startup date
Simhadri III expansion-National Thermal Power Corp. 4/1/2015 India Unknown
Sorong power plant-Japan Gasoline Co 4/1/2015 Indonesia Unknown
Zabrze CHP plant-Fortum 4/1/2015 Poland 2018
Mae Moh ultra supercritical expansion-Electricity Gen Auth of Thailand 4/1/2015 Thailand 2018
Odessa IGCC power plant-Summit Power 4/1/2015 TX Unknown
Duyen Hai 2 4/1/2015 Vietnam 2020
Duyen Hai 1 4/1/2015 Vietnam 2015
Manuguru power plant-Telangana State Power Generation 10/1/2014 India 2017
Bin Qasim power plant 7/1/2014 Pakistan 2018
Jaworzno ultra supercritical power plant-Tauron 7/1/2013 Poland 2019
Safaga power plant on Red Sea-Orascom 1/1/2013 Egypt Unknown
Rampal (Friendship. Maitree) power plant-Power Development Board/NTPC 9/1/2010 Bangladesh Unknown
Khargone ultra supercritical power plant-NTPC 4/1/2010 India Unknown
Batang power plant-PT Adaro Energy, J-Power, and Itochu 4/1/2010 Indonesia 2019
Duyen Hai 3-3 supercritical power plant-EVN 1/1/2009 Vietnam 2018
Aqaba Stage 1-Jordan nuclear power plants 12/1/2008 Jordan 2021
Hongyanhe 1-6 nuclear power plant-CGNPC 9/1/2007 China 2021
Kusile supercriticcal power project-Eskom Project Bravo 1/1/2007 South Africa 2018
Sasan supercritical power plant-Reliance Power 1/1/2006 India 2015
Krishnapatnam B supercritic(Sri Damodaram Sanjeevaiah)-Andhra Pradesh Power India 2015
Zuma Energy Nigeria power plant (Itobe 3/1/2015 Nigeria Unknown
Cadiz CFB power plant-North Negros Energy Power 3/1/2015 Philippines 2018
Cox's Bazar (Matarbari) ultra supercritica plant-Bangladesh Power Dev. Board 5/1/2013 Bangladesh 2019
Kudankulam expansion (3 and 4) 9/1/2010 India 2023
Bhadreshwar power plant-OPG Ltd. 9/1/2010 India 2015
Fangjiashan 1,2 7/1/2010 China 2015
Krishnapatnam Phase 1-Thermal Powertech Corp. India 5/1/2010 India 2016
Barakah 1-4 nuclear power plant 6/1/2009 United Arab Emirates 2020
Barapukuria expansion (III)-CMC 3/1/2008 Bangladesh Unknown
Astravyets in Ostrovetsky district--Belarus nuclear power plant 6/1/2007 Belarus 2020
Alvin W. Vogtle 3,4 nuclear power plant-Georgia Power, Oglethorpe Power 6/1/2007 GA 2020
Tanda supercritical power plant-NTPC 8/1/2006 India 2019
Moorburg 1,2-Vattenfall Europe 5/1/2006 Germany 2015
Margam biomass power plant 2/1/2015 UK 2017
Kothagudem power plant 10/1/2014 India 2018
Hub Power Co.power project 10/1/2014 Pakistan 2018
Tuticorin expansion-Neyveli Lignite 12/1/2013 India Unknown
Dahej power plant-Adani Power 1/1/2008 India Unknown
Metsamor-Armenia replacement nuclear power plant 10/1/2007 Armenia 2027
Tiroda Phase I and II power project-Adani Power 10/1/2007 India 2016
For more information on World Power Generation Projects, click on: http://home.mcilvainecompany.com/index.php/databases/28-energy/486-40ai
-------
You can register for our free McIlvaine Newsletters at: http://www.mcilvainecompany.com/brochures/Free_Newsletter_Registration_Form.htm.

Bob McIlvaine
President
847-784-0012 ext 112
rmcilvaine@mcilvainecompany.com
www.mcilvainecompany.com