News GFG on board as joint major sponsor

raptalia

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He told his wife they were moving to Australia for 2 years when he won the tender to buy out Arrium as it was such a huge and complex deal to turn around into a success story.

2 years is up in September. If you have seen his interview with Ticky Fullerton, not sure if its the one from December a couple of days after $600m Whyalla expansion or a couple of weeks ago after the Port sponsorship, but its very clear he will be leaving Oz before Christmas 2019, and my bet would be that he will move to the US, either after a year or so in UK or direct after living in Oz.
He mentions that his family is going back but he is not as sure about his own movements.

I think when Brexit goes through he may have a few issues in Europe and that might prompt a quick return. That said Gupta does not strike me as the sort of person that lets anything worry him too much. As he says he has being buying up fire sale businesses for 26 years and GFG is still growing.

He will go to the US if Trump lets him in. ;)

https://www.yourmoney.com.au/business/big-business/steel-magnate-hits-back-at-naysayers/
 
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OneGreatClub

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He mentions that his family is going back but he is not as sure about his own movements.

I think when Brexit goes through he may have a few issues in Europe and that might prompt a quick return. That said Gupta does not strike me as the sort of person that lets anything worry him too much. As he says he has being buying up fire sale businesses for 26 years and GFG is still growing.

He will go to the US if Trump lets him in. ;)

https://www.yourmoney.com.au/business/big-business/steel-magnate-hits-back-at-naysayers/
Trump is too busy making America hate again.
 

RussellEbertHandball

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The Foodbank partnership set up in 2012 was a long term strategic plan to link in with companies who want to do corporate social responsibility seriously and link in with our community stuff and who knows down the track they turn to decent sponsorships for the footy part of the club.

Some didn't get it when we announced the partnership back in early 2012. At the 2018 members convention KT said Foodbank partnership was a critical part of our renaissance, as it helped us be seen as a club who gave, not just took handouts, and helped install our give before you receive philosophy.

Below are 2 examples of GFG Alliance businesses working with Foodbank last year, which would have linked in nicely, when we made a pitch to Gupta.





GFG purchased the coking coal mine at Tahmoor about 50km north west of Wollongong in January 2018

 

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LFC2010

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I just find so cringe worthy that just 3 or 4 months ago everyone (inc channel 7) was saying how good it was for Gupta to save Whyalla and the steel plant, and as soon as joins us as a major sponsor all the negative nellies come out the woodwork and start sprouting negative shit without doing proper research.
Keep on putting the bastards back in there place REH
 
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RussellEbertHandball

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This story in today's Fin Review about how Gupta has consolidated his steel/Liberty assets shoring up Whyalla and moving into that consolidated division after buying more steel plants in Europe. USA steel assets have been kept separate as he will probably do a public float of those assets.

https://www.afr.com/business/manufacturing/sanjeev-gupta-steps-up-steel-expansion-20190418-p51f8o
British billionaire Sanjeev Gupta will more tightly integrate the Whyalla steelworks into a newly established global steel division after gaining approval from the European Union for the acquisition of seven steel plants in Europe. Mr Gupta said the acquisition of the plants from ArcelorMittal would make the Liberty steel business, which already operates plants in the United Kingdom, the third-largest steel producer in Europe. He said it was now time to leverage the size of the growing GFG Alliance steel production assets by having most of them in one corporate structure.

The new GFG Alliance steel entity will exclude the company's steel assets in the United States, and two smaller steel recycling mini-mills in Sydney and Melbourne that came with the purchase of the former Arrium business in 2017. The corporate restructuring comes as GFG Alliance continues to examine the merits of a public float of assets in Australia and the United States. The Whyalla steelworks would work more closely with the other GFG steel assets in the UK and Europe.

"This combination will form a global champion, with fully integrated capabilities, shipping iron ore and coking coal and semi-finished product from Australia to its manufacturing plants and mills globally,'' Mr Gupta said. Mr Gupta said the green light from the European Union for the acquisition of ArcelorMittal's plants was an important step in the acceleration of GFG Alliance's ambitious plans. He said the new steel division had a steel-making target of 20 million tonnes a year. The new plants are in countries such as Macedonia, Romania, Italy and the Czech Republic............

https://www.afr.com/business/manufacturing/sanjeev-gupta-steps-up-steel-expansion-20190418-p51f8o
 

RossFC

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I just find so cringe worthy that just 3 or 4 months ago everyone (inc channel 7) was saying how good it was for Gupta to save Whyalla and the steel plant, and as soon as joins us as a major sponsor all the negative nellies come out the woodwork and start sprouting negative shit without doing proper research.
Keep on putting the bastards back in there place REH
I loved that story of some reporter being offended that some Port fan told him to piss off after he was attempting to be a troll during a press conference.
 

RussellEbertHandball

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I knew I missed a Gupta story. Ticky Fullerton - loves Gupta - wrote about him in last Saturday's Weekend Australian after Bill Shorten announced his electric car policy last week, the day after Morrison called the election, and that Gupta is gearing up to have a crack at building them in Oz, which I briefly talked about in my post about how he is achieving vertical integration in Whyalla and world wide in post #952 on page 39. Ticky gets his sponsorship and name on the Port Adelaide "jersey" into the article.

Gupta mentions Gordon Murray - they are an automotive engineering and design team in the UK, Murray was an ex Formula 1 engineer. Gupta has one of these automotive design divisions in his own group, but he wants to use Murray's designs and their manufacturing technology trademarked iStream production process.

https://www.gordonmurraydesign.com/en/

Maybe in a few years time Port supporters will be able to buy a GFG product - a relatively simple and cheap EV.

Driven by Electric Vision - Can a Brit really restructure our car making industry?
If Bill Shorten claims victory on May 18, it will in no small part be due to the successful selling of his electric vision — an ambitious, as yet uncosted energy future for 2030: a 45 per cent reduction in emissions, apparently without the need for a Kyoto carry-over, half of all new cars on our roads electric vehicles and, wow — the high-flying kite of the Australian car manufacturing industry cranking up again. This vision has the old Holden sites, the now ghostly run lines, reborn.

At least one big businessman is taking this scenario very seriously indeed. This is the sort of Carpe Diem! opportunity that British industrialist Sanjeev Gupta thrives upon. The man who rescued Whyalla rates the chances of him building an electric vehicle in Australia as very high. “It’s a commitment that I voiced very clearly and we’ve been working very hard, and things are moving very quickly now. What I can tell you is that I’m in the UK in the next couple of weeks. We’re meeting with our partner, Gordon Murray, and things are moving very quickly and very soon we’ll be announcing what we’re doing.”

Only last year, Gupta was in talks to take on the old Holden plant in Adelaide and was also dancing in Victoria. Things are moving quickly. New is not only the political imperative, but also the $1 billion assistance package from Labor to be offered to carmakers in research and development grants — and that’s just from the feds. “In general, any seismic shift like this from one industry to another, from one way of living, consuming, to another, generally can do with some state intervention in terms of pushing it along, really making it happen.”
.......
https://www.theaustralian.com.au/commentary/driven-by-electric-vision/news-story/72b293c1228e427342baa30b9eab6694

Gupta talks about the style of car and implies the vertical integration possible as his companies already are large component suppliers to the car industry globally.

“A good question, because our model is actually entirely the opposite end of the current spectrum,” Gupta leans forward with enthusiasm. “We are trying to make a people’s car, we’re trying to make a car which is not made from traditional means. This is a technology called iStream, which uses a tubular frame, composite materials which dramatically reduce the cost of the car. It’s not trying to be a high-performance car, it’s a day-to-day car, a small city car. We are obviously a very large component supplier to the car industry globally, but this is not made from any of those components. It’s almost worth not calling it a car because it is more like the Formula 1 cars, or go-carts.”

Gupta’s would-be British partner, Gordon Murray, is indeed a former Formula 1 engineer, whose innovations are being offered up to majors in the car manufacturing industry. His proof of concept in 2010 was petrol-powered, by 2011 it was electric, but the great breakthrough for a commercial play is a tough but far lighter vehicle requiring less power. “The frame itself gives it all the strength,” continues Gupta. “The frame will probably be engineered with high-quality steel, but the skin can be literally anything: it can vary from steel, aluminium, plastic, different composites, and it varies the price of the car, based on what materials you use. It can even be cardboard, believe it or not,” he beams. “They made a 10-tonne truck out of cardboard.” What is more, an electric vehicle could be made in small runs, as nimble in assembly as it promises to be on the road, perfect for today’s manufacturing challenge, argues Gupta.
......

Talks about time frame
Under Labor, expect industry assistance, especially where it suits its jobs-and-climate agenda. It’s what Sanjeev Gupta, and any other auto industry hopeful, is banking on. If the stars align for the expansive entrepreneur, could a Gupta small car be coming off an Australian assembly line within three years? “From Point Go it’s a couple of years,” he explains. “It will actually take several months before we can press go, but we’d be announcing it pretty soon, to say, this is what we’re doing.” There are a good few stars to line up before Point Go for Adelaide. But tell that to the people of Whyalla. Internationally, some analysts and journalists see Gupta’s extraordinary growth story as too good to be true, too many plates spinning. Greater transparency is part of the industrialist’s rationale to float some of his assets in coming months.
and the mention of Port
Gupta appears to be leaving the Melbourne plant option open too. He has assets in Victoria but he’s got money on the Port Adelaide jersey. There is even talk of a battle for Formula E car racing. “I’ve had some discussion on that. For me it’s very linked to our electric vehicle ambitions. Where exactly, we’ll have to work out, but if it is Adelaide, then it would make a lot of sense for Formula E to come down here as well to replace Formula 1.” Now that would be a cool way to grab Formula 1 back from Victoria by 2030.
He has added this graphic to his Liberty Engineering page since I looked at it in February.

https://www.gfgalliance.com/an-integrated-approach/engineering/
Liberty Engineering is also one of the largest privately owned engineering enterprises in the United Kingdom and a major supplier to all domestic and global automotive and off-road sectors which includes powertrain, body in white, trim, chassis, interiors, braking and control electronics, as well as engineering, testing and advanced vehicle solutions, provided to customers such as JLR, Ford, Renault, Nissan, Peugeot and many others.

1555569883331.png

https://www.gfgalliance.com/an-integrated-approach/engineering/


Back on page 39 I didn't put up this link to his automotive technologies division, but in that BBC Wales doco I linked on page 38, it showed their super car Evolution 920 that he bought in 2015 along with other automotive businesses and the company goes back to the 1920's that has been re-branded a Liberty Vehicles Technologies.

http://libertyvt.com/

They have products and services for following markets
  • Road & Hybrid
  • Race
  • EV & Autonomous
  • Off Road
  • Special Vehicles
  • Off Highway
  • Marine
  • Cycle
 

Lockhart Road

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Whyalla steel mill named as project of significant (sic) for China

https://www.adelaidenow.com.au/business/sa-business-journal/china-names-whyalla-steel-plant-as-of-national-significance/news-story/3889fb590f485e896accdfbac4f6e98e

Chinese recognition of the significance of Whyalla’s new steel plant is important for the strengthening of relations with the global superpower, British industrialist Sanjeev Gupta says.
Mr Gupta’s company GFG Alliance is developing a new steel mill in Whyalla, with a view to double production.

Last week the Chinese government named the development one of 16 projects of national significance to China.
 

OneGreatClub

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I knew I missed a Gupta story. Ticky Fullerton - loves Gupta - wrote about him in last Saturday's Weekend Australian after Bill Shorten announced his electric car policy last week, the day after Morrison called the election, and that Gupta is gearing up to have a crack at building them in Oz, which I briefly talked about in my post about how he is achieving vertical integration in Whyalla and world wide in post #952 on page 39. Ticky gets his sponsorship and name on the Port Adelaide "jersey" into the article.

Gupta mentions Gordon Murray - they are an automotive engineering and design team in the UK, Murray was an ex Formula 1 engineer. Gupta has one of these automotive design divisions in his own group, but he wants to use Murray's designs and their manufacturing technology trademarked iStream production process.

https://www.gordonmurraydesign.com/en/

Maybe in a few years time Port supporters will be able to buy a GFG product - a relatively simple and cheap EV.

Driven by Electric Vision - Can a Brit really restructure our car making industry?
If Bill Shorten claims victory on May 18, it will in no small part be due to the successful selling of his electric vision — an ambitious, as yet uncosted energy future for 2030: a 45 per cent reduction in emissions, apparently without the need for a Kyoto carry-over, half of all new cars on our roads electric vehicles and, wow — the high-flying kite of the Australian car manufacturing industry cranking up again. This vision has the old Holden sites, the now ghostly run lines, reborn.

At least one big businessman is taking this scenario very seriously indeed. This is the sort of Carpe Diem! opportunity that British industrialist Sanjeev Gupta thrives upon. The man who rescued Whyalla rates the chances of him building an electric vehicle in Australia as very high. “It’s a commitment that I voiced very clearly and we’ve been working very hard, and things are moving very quickly now. What I can tell you is that I’m in the UK in the next couple of weeks. We’re meeting with our partner, Gordon Murray, and things are moving very quickly and very soon we’ll be announcing what we’re doing.”

Only last year, Gupta was in talks to take on the old Holden plant in Adelaide and was also dancing in Victoria. Things are moving quickly. New is not only the political imperative, but also the $1 billion assistance package from Labor to be offered to carmakers in research and development grants — and that’s just from the feds. “In general, any seismic shift like this from one industry to another, from one way of living, consuming, to another, generally can do with some state intervention in terms of pushing it along, really making it happen.”
.......
https://www.theaustralian.com.au/commentary/driven-by-electric-vision/news-story/72b293c1228e427342baa30b9eab6694

Gupta talks about the style of car and implies the vertical integration possible as his companies already are large component suppliers to the car industry globally.


......

Talks about time frame


and the mention of Port


He has added this graphic to his Liberty Engineering page since I looked at it in February.

https://www.gfgalliance.com/an-integrated-approach/engineering/
Liberty Engineering is also one of the largest privately owned engineering enterprises in the United Kingdom and a major supplier to all domestic and global automotive and off-road sectors which includes powertrain, body in white, trim, chassis, interiors, braking and control electronics, as well as engineering, testing and advanced vehicle solutions, provided to customers such as JLR, Ford, Renault, Nissan, Peugeot and many others.

View attachment 657126
https://www.gfgalliance.com/an-integrated-approach/engineering/


Back on page 39 I didn't put up this link to his automotive technologies division, but in that BBC Wales doco I linked on page 38, it showed their super car Evolution 920 that he bought in 2015 along with other automotive businesses and the company goes back to the 1920's that has been re-branded a Liberty Vehicles Technologies.

http://libertyvt.com/

They have products and services for following markets
  • Road & Hybrid
  • Race
  • EV & Autonomous
  • Off Road
  • Special Vehicles
  • Off Highway
  • Marine
  • Cycle
Another article here
https://www.theaustralian.com.au/business/technology/carmaking-to-return-to-australia-with-ev-production/news-story/02ddcb8af2c868182bae666c68002142?from=htc_rss&utm_campaign=EditorialSF&utm_medium=Twitter&utm_content=SocialFlow&utm_source=TheAustralian
 

RussellEbertHandball

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And a couple of articles in that 24 hours



https://www.afr.com/business/infrastructure/gupta-s-electric-car-plans-gather-speed-20190429-p51i3n
British billionaire Sanjeev Gupta says the price of electric vehicles will fall steadily like big-screen televisions and solar panels and he's close to finalising plans to become a niche manufacturer in Australia with a likely production run of between 10,000 to 20,000 vehicles. Mr Gupta, whose GFG Alliance has been working closely with the UK's Gordon Murray Design for the past 18 months on its electric vehicle strategy, says GFG is getting towards the final stages of deciding which of the prototype vehicles it will use to launch into the marketplace. He wants to be at the forefront of what he says will be an inevitable drop in electric vehicle prices, as take-up improves, more models appear in a market heavily government-subsidised around the world, and more charging station infrastructure is built.
...........

GFG and Gordon Murray Design have been studying the Australian market, as part of their global examination of where the best opportunities lie. Mr Gupta wants to make electric vehicles in Australia and then set up manufacturing operations in India. A small ''metro car'' for drivers in large cities was one of the prototypes, but Australian drivers seemed to prefer other types of vehicles. "Australia may not be ready for a smart car. We are likely to have a range,'' Mr Gupta said. "My dream would be to launch a people's car,'' he said. He declined to say where the manufacturing site might be in Australia. Some formal announcements on the next steps were likely ''within weeks''.
.........

McLaren Pedigree
Gordon Murray Design is based in Shalford near Surrey in the UK and specialises in low-volume production runs, utilising lightweight materials and technology used in Formula One cars. Mr Murray is a former McLaren Racing technical director.

Mr Gupta also said on Monday a decision by the Chinese government at last week's Belt and Road CEO Conference in Beijing to anoint an ambitious next-generation steelworks plan at Whyalla as one of 16 projects of national significance to China, was a big plus for GFG.

"It's an incredible podium position if you like,'' Mr Gupta said.

GFG is part-way through a separate upgrade of the existing Whyalla steelworks to lift its capacity by 50 per cent to 1.8 million tonnes per year, with the next-generation 10-million-tonne steel plant earmarked to sit alongside. GFG and China International Capital Corporation are working on a future funding package for the bigger plant.
.....................

https://www.afr.com/business/infrastructure/gupta-s-electric-car-plans-gather-speed-20190429-p51i3n





 
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GremioPower

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This is the juncture where David Koch reveals to us what he is truly made of ... ... ... and whether he is in fact the right person to be Chairman of the Port Adelaide Football Club in 2020.
I thought that the news were good, but not THAT good. Now, it is a matter of Port capitalizing from it.
 

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