LI Advantage Can Help Businesses Determine ACA Compliance

LI Advantage Payroll, the region’s largest independently owned payroll service provider, is proud to announce its ACA Reporting service, which provides clients with a comprehensive monthly employee-by-employee report with detail on hours worked. With Advantage’s ACA Reporting, an employer can easily determine whether or not they meet the threshold at which the government requires them to provide employees with health insurance under the Affordable Care Act Section 6056 Reporting Requirements.

For most small business owners, the Affordable Care Act has been a source of confusion and anxiety,” said President of LI Advantage, Rob Basso. “Determining the amount of full time or full time equivalent employees your business has can be time-consuming and complex. Advantage aims to make their clients’ most stressful tasks as seamless as possible. ”

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Starting in 2015, the Affordable Care Act Employer Mandate requires that employers with 100 or more FT/FTE employees offer affordable and adequate health insurance to their workers. Employers with 50 or more employees do not have to comply with this requirement until 2016, however they do have to comply with Section 6056 reporting requirements for the 2015 year. Small businesses also must be careful to consider common ownership standards when they are listed as the owner of multiple entities. Under government regulations, these business owners may need to offer affordable health insurance to their employees.

Advantage can collect all the required data on behalf of enrolled clients and help complete required IRS paperwork that assures an entity’s compliance. This includes data such as: which employees were offered coverage by month, premium for the lowest cost single-only coverage option available by month, any special transition relief that applies or safe harbor methods being used, and common ownership information between Aggregated ALE Group members. The company also advises small businesses to get on top of compliance now, before it costs them a $100 fine per incorrect filing.

Headquartered in Freeport, New York with office in Hauppauge, New York LI Advantage Payroll is the New York/Long Island metropolitan region’s largest independently owned payroll and HR service provider. The company has grown each year since it was founded, and today it boasts a staff of close to 50. Servicing the region for seventeen years and the nation for more than thirty, Advantage Payroll is strongly committed to delivering the best in customer service, payroll, human resources and time and attendance management while playing a pivotal role in various community outreach initiatives. LI Advantage Payroll has the highest customer satisfaction rating among payroll providers in the region.

Source: http://www.prweb.com/releases/LIAdvantagePayroll/ACAReportingJune2015/prweb12799264.htm

Global and China Industrial Enzyme Output Will Keep 10% Growth Rate, to 1.5487 Million Tons by 2017

In recent years, the global industrial enzyme preparation market size increased year by year, registering a CAGR of 5%, approximating USD4.2178 billion in 2014. At present, the global industrial enzyme market is basically an oligopoly. In 2014, Novozymes, an industrial enzyme giant, accounted for a 44% market share while that for Dupont and DSM was 20% and 6%, respectively.

Regionally, Europe and North America have the largest demand for industrial enzyme, occupying nearly 80% in sharp contrast to some 9.4% in China.

Stimulated by the growing demand for enzyme preparations and favorable policies, China’s industrial enzyme preparation output reached 1.1657 million tons in 2014. For years to come, industrial enzyme output will keep 10% growth rate, to 1.5487 million tons by 2017.

By introducing foreign advanced equipment, excellent strains, and new-type enzyme preparations, China has scored rapid development of enzyme preparation industry, especially the Chinese enzyme preparation enterprises. Currently, the enterprises with strong competitive power in China include VTR Bio-Tech, Youtell Biochemical, Smistyle, SunHY, etc.

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As an enzyme preparation leader in China, VTR Bio-Tech has two subsidiaries: VTR Bio-Tech (Inner Mongolia) and Hunan Hong Ying Xiang Biochemistry (acquiring a 75% stake in 2014), with an annual capacity of 186,000 tons. In 2014, the company recorded revenue of RMB359.82 million and net income of RMB55.13 million (excluding that of Hunan Hong Ying Xiang). At present, VTR Bio-Tech (Inner Mongolia)’s 20,000 tons/a enzyme preparation project and Hunan Hong Ying Xiang’s 140,000 tons/a enzyme preparation project have been jumpstarted.

Youtell boasts advanced R&D center in the United States and two large fermentation production bases in Hunan and Shandong, with the annual production scale approaching 80,000 tons but lower capacity utilization. In 2014, the company posted RMB153.9 million in revenue and RMB10.74 million in net income.

Research: Power Battery Management System (BMS) Global And China Industry Report, 2015-2018

Battery management system (BMS) is a key component of electric vehicles and hybrid vehicles. To ensure safe and reliable operation of batteries, BMS needs to have various functions such as battery status monitoring and assessment, charging and discharging control, balancing and so forth.

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The fire accidents of electric vehicles (particularly battery electric vehicles) since 2013 result in consumers’ concerns about the safety of electric vehicles. Compared with HEV, both PHEV and BEV have more complex battery system structure, which requires more excellent battery endurance and safety; therefore, PHEV and BEV need more mature and reliable BMS. The BMS industry will benefit from the expansion of the electric vehicle market.

Throughout the global BMS market, traditional auto parts makers represented by Denso and Preh have seized the initiative by virtue of their important positions in the vehicle supply chain. As Toyota’s most important parts supplier, Denso has provided battery management modules for Prius, Camry Hybrid and other models. Besides serving BMW I-series BEV, Preh also explores the Chinese market with the help of the resources of its parent company- Ningbo Joyson Electronic Corp.

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Cell makers like LGC attempt to, on the basis of cooperation with existing customers, simplify and generalize BMW by gradually narrowing the scope of functionality, and spin off software and data services, which are provided alone to vehicle makers. Among vehicle makers, Tesla has mature and sophisticated BMW, and its next-generation BMS technology will get applied to battery packs with larger single cells. Third-party BMS companies, constrained by outdated technology and inadequate funds, have developed slowly amid hardships.

In the first quarter of 2015, China produced 27,271 and sold 26,581 new energy vehicles, both exceeding the figures in the first half of 2014. It is expected that throughout the year of 2015, China’s new energy vehicle capacity will continue to be quickly unleashed, and PHEV and mini BEV will witness faster growth, driving rapid development of the Chinese BMS market.

There are three types of companies in the Chinese BMS market. First type covers third-party BMS vendors, such as Epower Electronics, GuanTuo Power and LIGOO New Energy Technology, of which Epower Electronics entered the industry early, with its BMS products having been installed in multiple EV models of Chang’an, Dongfeng, BAIC Motor, Foton, JAC, and ZOTYE. Second category refers to battery module and pack packaging companies, like Guoxuan High-tech Power Energy and Sunwoda Electronic, which enter the market via independent research and development or cooperation. Third type is vehicle makers represented by BYD and BAIC BJEV, which have relatively perfect layout in the sector, with the former integrating R&D of battery, BMS and EV, thus giving it advantages in terms of cost and efficiency, and the latter boasting research capability for BMS after acquisition of Atieva and no longer needing supplies from third-party BMS companies.

As a whole, China’s BMS industry is still very backward compared with that in foreign countries no matter by technical specification or by business model. Meanwhile, consolidation in BMS industry continues to proceed, and some third-party BMS companies have gained a firm foothold and grown stronger via long-term cooperation with battery plants and vehicle makers. As module vendors, packaging companies and vehicle makers accelerate their presence in BMS industry, independent firms that have not entered supply systems will face increasingly narrowed living space.

Graphene And 2D Materials Market 2015-2025: Graphene Market Will Reach Nearly $200m in 2026

Increasingly loss of differentiation

The graphene industry experienced a massive hype in the past 4-5 years, although the hype is beginning to die down and elements of the industry have now even entered the valley of despair.

The number of companies supplying graphene has dramatically increased and now more than 35 suppliers exist. The first batch of companies formed in 2006-2007 are the furthest ahead as the majority of the new companies have little capital or revenue today. Nonetheless, the proliferation of companies is eroding meaningful differentiation all around.

The competitive landscape is further changing as Chinese players have entered the fray with ambitious nominal production capacity announcements. If validated, this will plunge the industry into massive over-capacity with utilisation rates being in the single digits industry-wide. This however is no surprise as players prepare for the volume orders that will emerge out of the undergoing qualification processes.

Substitution go-to-market strategy

Graphene’s commercialisation strategy is mostly centred on substituting an existing or incumbent solution. The incumbent material is varied ranging from graphite, black carbon, ITO, etc. This strategy requires a more-for-less value proposition but graphene is yet to conclusively prove this. The prices are very high, reflecting small volume sample supply but they will fall as volumes appear.

The so-called ‘killer application’ which graphene uniquely enables or in which graphene has a first mover advantage is still missing. The versatility of graphene as a material as well as the sustained multi-billion-dollar R&D investment suggests that an application will be found. This is however impossible to forecast, but does mean that there is a strong upside potential to our forecasts.

Prices are still confused on the market covering a range from tens to thousands of $/Kg. This partly reflects the fact that not all graphene materials are equal. It also reflects the market conditions in which sales still mostly stem from small-volume research samples that command a high prices. Many suppliers also worry about triggering a premature commoditization. The strong downward price pressures are how intrinsic to the go-to-market strategy and several players have started to set the trend in price lowering.

Intermediary are needed to unblock the market

Graphene reaches the end application or market via an intermediary (e.g., an ink or a masterbatch). It is critical to develop intermediaries in order to unblock the market, cut down the time-to-market and reduce end user risk/uncertainty. At the same time, graphene is least dangerous to handle when it is in a stable pre-dispersed medium.

This however is not straightforward because graphene is hard to formulate or compound thanks to its large surface area and tendency to aggregate or re-stack. In fact, we believe that graphene quality – a subject of constant debate- will find meaning only at the intermediary level. At this level, the product quality will reflect the properties of the graphene as well as the skill of the compounder.

Application assessment

Graphene has an extraordinary set of properties. It therefore has potential across many applications. This is a particular risk for small poorly-capitalised company because they risk over-dosing on the diverse opportunity if they don’t choose their target applications carefully.

The graphene market today is dominated by research sales although the robust sales pipelines being built now suggests that the market composition will dramatically change in the decade to come. The largest sectors will be composites, energy storage and functional/conductive coatings, although each one will be split across several sub-sectors. Graphene platelets will dominate the sales particularly as their selling prices plunge, while graphene sheets will remain a small niche that will grow only from 2019/2020 onwards.

Transparent conductive films will remain a challenging market. Here graphene sheet is a substitute that offers a less-for-more value proposition compared to the incumbent (ITO films) and other leading ITO alternatives. This will not fly in an already rapidly consolidating market.

Graphene conductive inks are occupying the vast performance space between carbon and metallic pastes. Success will come as the performance inches towards the 1 ohm/sqr target and the prices fall. This will be the first sector to convert potential to revenues.

Supercapacitors remain an unproven market as actual graphene electrodes punch well below their theoretical limit due to graphene stacking, poor surface utilisation and poor out-of-plane conductivity. It will hard to displace activated carbon en-mass, although recent commercial-level results suggest that graphene will offer a more-for-more value proposition which will work in some niche sectors. Graphene-enabled electrodes will improve capacity retention at high discharge rates, and will extend the cycle life of post-lithium ion batteries like Si anode and Li sulphur (GO works better here than rGO). These markets will increasingly grow in the medium-to-term.

Graphene additives give rise to electrical and thermal conductivity, reduced permeation and increased mechanical strength. Here, graphene should either enable a more efficient material utilisation or a much higher performance. The former means that a higher $/Kg price can still result in the same overall cost to the user (less of a more expensive material); while the latter will enable a more-for-same or more-for-more value proposition compared to other alternatives.

Graphene will fail in transistor applications although other 2D material may have a chance (ultra-long term). Graphene will find success in some sensor types in the medium to long term. Price will remain a prohibiting factor in high-volume anti-corrosion applications for the foreseeable future.

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Report: China Rare Earth Industry Report, 2014-2018

Rare earth, also known as rare earth metal or rare earth element, collectively refers to lanthanides (including fifteen elements) and closely-related scandium and yttrium. As a crucial strategic resource, it is mainly contained in bastnaesite, xenotime, monazite, and other minerals. At present, rare earth resources have been discovered in about 35 countries and regions around the world, with total reserves of 130 million tons, of which 42.3% are owned by China alone.

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In order to protect and rationally develop superior resources, China has adopted a cap-control policy for rare earth exploitation since 2006 so that the rare earth ore production suffered a continuous decline from 2010 to 2013. In 2014, the State raised the upper limit, a move that helped drive the rare earth output rise 14.5% year on year to 95,000 tons, occupying about 86.4% of the global total.

Besides meeting the domestic demand, China’s rare earth and its products are also exported to the United States, Europe, Japan, South Korea, etc., with 2014’s export volume of rare earth products reaching about 29,000 tons (rare-earth permanent magnet products 75.5%), accounting for 32.1% of the total output. Despite a steady rise in rare earth product exports over the past two years, the export value, affected by the lower export prices, continued to fall, by 35.7% to USD370 million in 2014.

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China’s rare earth industry has been facing quite a few challenges like low enterprise concentration and scattered layout. In 2014, Inner Mongolia Baotou Steel Rare-earth, which represents the largest market share, generated revenue that accounted for a meager 7.1% of the total nationwide. In 2015, the 6 major rare earth companies will implement integration, when the rare earth industry concentration will increase significantly.

Inner Mongolia Baotou Steel Rare-earth (Group): As China’s largest rare earth producer, the company has an annual capacity of approximately 350,000 tons/a. In April 2015, the company, along with the Department of Science and Technology of Inner Mongolia, Baotou Municipal Government, and Chinese Academy of Sciences (CAS), established CAS Baotou Rare Earth Research and Development Center, hoping to further enhance the research and development capabilities of rare earth application products.

Rising Nonferrous Metals Group: On May 30, 2015, the company proposed to raise a fund of RMB2.2 billion from targeted sources, of which RMB570 million will go into rare earth mine expansion: RMB390 million into Pingyuan Huaqi Rare Earth Industrial Co., Ltd., and RMB180 million into Dapu Xinchengji Industry & Trade Co., Ltd.

China Non-ferrous Metal Industry’s Foreign Engineering and Construction: In March 2014, the company began to develop Kvanefjeld rare earth project in cooperation with Greenland Minerals and Energy. In March 2015, the project’s feasibility research was completed and pilot operation can be carried out within the year.

Zhong Ke San Huan: As the largest NdFeB manufacturer in China, it now has the capacity of 14,000 tons/a sintered NdFeB and 1,500 tons/a bonded NdFeB. In February 2015, the company signed an agreement with Hitachi Metals over an attempt to set up a high-performance NdFeB joint venture in China, with a design capacity of 2,000 tons/a.

Medical Tourism Market Report: 2015 Edition

Medical tourism is a high-growth industry driven by globalization and rising healthcare costs in developed countries. People prefer traveling to developing countries for treatments in order to save cost. More than forty countries in Asia, America, Africa and Eastern Europe are serving millions of medical tourists annually. International medical service providers are in continuous race to get accreditation from Joint Commission International (JCI).

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Thailand, Singapore, Malaysia and India are the major destinations in the Asian medical tourism market. Thailand is more popular among Western European medical tourists for cosmetic surgery. Singapore and India specialize in complex procedures with India having a cost advantage and Singapore a technology advantage. The most common categories of procedures that people pursue during medical tourism trips are cosmetic surgery, dentistry, cardiology (cardiac surgery), and orthopedic surgery.

The healthcare industry in Thailand has seen rapid growth in recent years, ahead of the country’s GDP. In Thailand, medical costs are lower than in Singapore and also, it is a much more popular tourist destination. In this regard it is providing medical services, latest medical technology, medicines, and is further strengthening modern medicine, alternative medicine and biotechnology.

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The Malaysian government is aggressively promoting medical tourism. Through its Ministry of Tourism, Malaysia oversees tourism policies and tourism-related activities to realize its vision of making Malaysia an international tourism destination.

Indian government is aggressively promoting India as a global healthcare destination. It has also started giving affiliation to the companies working in healthcare sector. Being one of the lowest cost and highest quality of all medical tourism destinations, it offers wide variety of procedures at about one-tenth the cost of similar procedures in the US.

The Korean government is promoting the nation’s growing medical tourism industry and is actively taking initiatives that are mainly geared to introduce the services and facilities of Korean hospitals to overseas expositions. However, Korea has yet to increase its standing among other Asian nations.

This report gives an overview of the medical tourism industry with focus on Asia. It discusses the major medical tourist destinations like Singapore, Thailand, Malaysia, India, South Korea and Turkey and their respective competitive advantages. The major healthcare organizations in Asia are also profiled in the later part of the report.

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Report: China Automotive Heat Exchanger Market and Industry Report, 2014-2018

As key automotive components, automotive heat exchangers include radiators, evaporators, condensers, air coolers, oil coolers, exhaust gas recirculation (EGR) coolers and the like.

In 2014, there were around 500 heat exchanger manufacturers in China, including 10 large-sized enterprises and over 30 medium-sized ones. In the field of automotive heat exchangers, the world’s renowned companies like DELPHI, DENSO, MODINE, VALEO and Visteon have set up factories in China by sole proprietorship, joint ventures or holding companies. In addition, local Chinese brands are emerging, such as Zhejiang Yinlun, Weifang HengAn, GuizhouYonghong, Yangzhou Tank, NanchongKangda, Nanning Baling, etc.

The China Automotive Heat Exchanger Market report studies the market segments — radiators, intercoolers, EGR coolers and oil coolers. Driven by automobile output and replacement demand, China’s market demand for automotive heat exchangers will keep a growth rate of about 7%; wherein, pressurized intercoolers and EGR coolers will continue to maintain high growth, with the growth rate of beyond 15%.

Intercoolers are mainly installed in heavy-duty trucks, large buses, some medium and light-duty buses. Major Chinese intercooler manufacturers consist mainly of Shanghai BHER, Zhejiang Yinlun Machinery, Jiangsu Jiahe Thermal System Radiator, and Ningbo Lurun Cooler.

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EGR coolers are important parts of EGR system. In China, EGR system is mainly applied to light trucks and European heavy trucks. Up to now, Chinese EGR system and parts enterprises embrace Wuxi Longsheng, YibinTianrui Da, Zhejiang Jiulong, Zhejiang Yinlun Machinery, KunshanPierburg, Ningbo BorgWarner and so forth. Zhejiang Yinlun Machinery is primarily engaged in EGR coolers at present. With the implementation of the national emission standards IV, EGR + DOC + POC will become the mainstream under the premise of light commercial vehicles using common rail technology; by then, EGR system and parts companies will see good prospects for development.