LUSI Board Approves Dramatic Capital Structure Change: Authorized Shares Cut In Half

LAS VEGAS, March 23, 2022 (GLOBE NEWSWIRE) — MMA Global, Inc. (OTC Pink: LUSI) (the “Company” or “ZUKI.APP”) (name and ticker symbol change pending) is pleased to announce that yesterday evening after trading hours the board of directors of the Company approved a resolution that will halve the Company’s authorized shares from 1.95 Billion shares to 975 Million shares.

In 2021, the Company’s board took similar action to halve its authorized shares from nearly 4 Billion shares to 1.95 Billion shares. Taken together, these two moves represent the board’s commitment to rightsizing its capital structure for purposes of: (1) preserving and building shareholder value; and (2) providing flexibility so that the Company may respond to growth, acquisition, and capitalization opportunities as they present themselves.

About ZUKI.APP

Learn more about the Company and its subsidiaries at https://www.zuki.app/zuki-group.

Forward-Looking Statements Notice

This press release includes statements that may be deemed “forward-looking statements” and, as such, is subject to the forward-looking notice disclaimer found at https://www.zuki.app.

Media Contact

Jim Phipps
CEO, MMA Global, Inc.
3275 S. Jones Blvd.
Suite 104
Las Vegas, NV 89146
JPhipps@zuki.app
+18018003350
https://www.zuki.app

 

Startup mogenius Launches Free Code to Cloud Platform for Software Developers

The company launched its new platform that enables software developers to publish and run their applications automatically in the cloud. This reduces the time from development to live operation from days to just a few minutes.

mogenius studio

KÖLN, Germany, March 23, 2022 (GLOBE NEWSWIRE) — mogenius today launched its new platform that enables software developers to publish and run their applications automatically in the cloud. The integrated platform provides cloud resources based on Microsoft Azure, orchestrates scaling and automates the process of publishing container applications (CI/CD). In addition, all applications are protected against hacker and DDoS attacks with security features. For this, the company uses Cloudflare’s enterprise solution.

Users can manage and operate their projects with the graphical user interface mogenius studio. There, they can either publish an existing application to the cloud as a Dockerfile or start a new project using pre-built templates for over 30 programming languages and tools.

mogenius is targeting the estimated 27 million active software developers worldwide and a market of over $300 billion for cloud infrastructure per year. (Source: Statista)

Users can register on the portal for free. In addition, teams and companies can purchase premium offers with additional functionalities and cloud resources.

Gerrit Schumann, CEO of mogenius: “The global market for cloud computing is already huge, but inefficient and oftentimes confusing. Our solution makes the implementation of cloud-native applications much easier and more cost-effective. And thus becomes an important accelerator in the transformation to the cloud.”

For more information, visit http://www.mogenius.com and http://www.mogenius.com/register

About mogenius

Founded in 2021 by Gerrit Schumann, Benedikt Iltisberger, Behrang Alavi, Herbert Möckel and Jan Lepsky, mogenius develops solutions and developer tools for cloud applications. In February 2022, the company launched its self-service platform, which enables software developers to publish and operate applications in the cloud.

Press contact:

Jan Lepsky

media@mogenius.com

+49 221 5700 6915

Related Images

Image 1: mogenius studio

Easy-to-use graphical user interface for mogenius, the developer dahsboard for starting and running their projects.

This content was issued through the press release distribution service at Newswire.com.

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Astec Builds on Technology Platform With Acquisition of Minds Automation Group Inc.

CHATTANOOGA, Tenn., March 23, 2022 (GLOBE NEWSWIRE) — Astec Industries (NASDAQ: ASTE) announces entering into a definitive agreement to acquire MINDS Automation Group Inc. (MINDS), a leader in plant automation control systems and cloud-based data management in the asphalt industry. MINDS, headquartered in British Columbia, Canada, has locations in the U.S., United Kingdom, France, and Belgium. The company develops user-friendly, advanced, customizable plant automation control systems for drum, batch, combo/hybrid hot mix plants, emulsion plants, liquid terminals, silo load-out, ticketing and data management for the asphalt industry.

“MINDS technology complements our existing offerings for asphalt production joining Astec Controls and Grathwol Automation as we build out a digital platform across our Rock to Road value chain of products,” said Barry Ruffalo, President and CEO Astec Industries. “Our combined business will provide the knowledge and resources to further invest in industry leading innovations that drive value for customers.”

MINDS Inc. CEO Pierre Vidaillac and the leadership team will stay with Astec to support the advancement of our automation and controls technology and our overall Rock to Road™ digital platform.

“We are excited to join Astec. We are a good fit with the company and its products and services,” said Pierre Vidaillac,” CEO of MINDS. “Astec built its business applying state-of-the-art technology to the industry. They have a reputation for innovation, and we are looking forward to contributing to their growth and long-term success.”

Astec’s acquisition of MINDS is consistent with the company’s Purpose – Built to Connect, OneASTEC business model and growth strategy. The company is taking advantage of its strong balance sheet to complete the acquisition and invest in its long-term profitable growth.

About Astec Industries, Inc.

Since 1972, Astec Industries, Inc. has been connecting communities by providing innovative rock to road solutions for our customers. United by our purpose – Built to Connect – Astec is a leading global manufacturer of specialized equipment for asphalt road building, aggregate processing, and concrete production. Operations are divided into two primary business segments. Infrastructure Solutions includes road building, asphalt and concrete plants, thermal and storage solutions. Material Solutions includes aggregate and other material processing solutions. For more information, visit astecindustries.com and follow us on social media.

LinkedIn https://www.linkedin.com/company/astecindustries/
Facebook https://www.facebook.com/astecindustries
Instagram https://www.instagram.com/astec_industries/
YouTube https://www.youtube.com/channel/UCLev7VW5fjiq-2IfVXnM9SQ/about

Twitter @astecindustries

About MINDS Inc.

MINDS is an industry leader in advanced customizable asphalt plant control systems for continuous, discontinuous, combo/hybrid hot mix plants, emulsion and modify bitumen plants, silo load-out, ticketing and data management for the asphalt industry. Incorporated in 1994, MINDS has more than 25 years of experience in producing asphalt quality control, plant automation and plant maintenance software and systems.

Media Contact:
Kaycie Williams
Dir. Corporate Communications
kwilliams1@astecindustries.com
+1 (423) 553-5976

Investor Contact:
Steve Anderson
SVP Administration & Investor Relations
sanderson@astecindustries.com
+1 (423) 899-4456

Conagen Produces Two Thaumatin Protein Natural Sweeteners at Scale

100,000 times sweeter than table sugar

Bedford, Mass., March 23, 2022 (GLOBE NEWSWIRE) — Food and beverages brands get two more tools for their sugar reduction toolkits as Conagen announced the successful scale-up production of two new high-intensity sweeteners, thaumatin I and thaumatin II. The development will expand commercial partner Sweegen’s robust sugar reduction solutions of zero-sugar natural sweeteners.

Thaumatin is a group of proteins found in the fruits of the tropical plant Thaumatococcus danielli. Each protein, thaumatin I and thaumatin II, varies slightly in sweetness profiles. Both proteins have been evaluated as 100,000 times sweeter than sugar on a molar basis and 3,000 times sweeter on a weight basis. The high sweetness factor can translate into a strategic cost-effective sugar reduction solution for brands seeking to get the most out of a natural sweetener.

The thaumatin proteins were developed from Conagen’s peptide production platform, which had previously been used for the scaled production of another peptide sweetener, brazzein. “Conagen constantly improves its protein and peptide production platforms to generate more exciting new products,” said Casey Lippmeier, vice president of innovation at Conagen. “In this case, the platform has been leveraged to make thaumatin by several innovative approaches, but under a significantly shorter R&D timeline.”

These two new, high-purity thaumatin proteins add to Sweegen’s creative portfolio of sugar reduction solutions to help brands make low-calorie products. Brands can now explore the synergistic benefits of formulations that contain thaumatin and other products from Sweegen’s Signature Sweetener portfolio, including brazzein and stevia. This diversity of natural, high-intensity sweeteners represents the most cost-effective approach for reducing sugar in food and beverages to deliver the best tasting match for the sweetness of sugar.

The desire for natural sweeteners will drive the demand for fruit and plant-based sweeteners, such as thaumatin and stevia, respectively. The main advantages to sweetening food and beverages with thaumatin are its familiarity and acceptance by consumers and the fact that it is approved for use in products by the majority of the countries in the world.

Health-conscious consumers are generally more accepting of natural sweeteners than sugar and artificial sweeteners. According to FMCG Gurus, Top 10 Future Trends 2030, “60% of global consumers currently believe natural sweeteners are healthier alternatives to sugar.” The trend report further stated, “Increasingly, consumers will want only products that contain real and authentic ingredients, and sweeteners will be no exception to the rule. As such, this will drive demand for sweeteners sourced directly from fruits and plants, something that the industry will respond to.”

Like most other proteins, when thaumatin proteins are consumed, they are digested into amino acids.  However, because thaumatin communicates such a strong sweet taste, the levels used in most applications contribute almost no calories. It is one of the most intense sweeteners ever discovered.

Consumers increasingly expect to stock their pantries with low-to-no sugar products with food and beverages that fit into their lifestyle and diets. Thaumatin can complement a number of consumer lifestyles, such as diabetic, ketogenic, or low-to-no carbohydrate diets. These sweet proteins are low on the glycemic index.

“Thaumatin is the second announced product generated from our peptide platform, which fits well into our existing world-scale, precision fermentation infrastructure.” Lippmeier further added, “Peptides and small proteins like brazzein and thaumatin can be very difficult to make economically; however, now that we have successfully scaled multiple peptides and proteins, we are willing to collaborate with other customers to make other novel peptide products.”

Regulatory approval for thaumatin as natural sweeteners has passed in the European Union (E957), Israel, and Japan. In the United States, it is generally recognized as safe as a flavoring agent (FEMA GRAS 3732).

About Conagen
Conagen is a product-focused, synthetic biology R&D company with large-scale manufacturing service capabilities. Our scientists and engineers use the latest synthetic biology tools to develop high-quality, sustainable, nature-based products by precision fermentation and enzymatic bioconversion. We focus on the bioproduction of high-value ingredients for food, nutrition, flavors and fragrances, pharmaceutical, and renewable materials industries. www.conagen.com

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Ana Arakelian, head of public relations and communications
Conagen
+1.781.271.1588
ana.arakelian@conagen.com

Fashion takes center-stage in the Metaverse at Decentraland’s Metaverse Fashion Week

Estée Lauder, Philipp Plein, DKNY, Hogan, Selfridges, Dolce & Gabbana, AUROBOROS, Tommy Hilfiger, SHOW studio, DUNDAS, Karl Lagerfeld, Vogue & Hype, Fresh Couture, Placebo, Forever 21, Perry Ellis America, D-CAVE and others join an all-star lineup to mark the world’s biggest Metaverse Fashion Week

Schedule for Decentraland MVFW22

Schedule of events during Decentraland’s Metaverse Fashion Week – held March 24 through March 27. This photo was taken in Decentraland.

LONDON, March 23, 2022 (GLOBE NEWSWIRE) — The Metaverse – Decentraland’s Metaverse Fashion Week (MVFW22) unveils to the world the future of fashion. Featuring AI & robots, luxury wearables, ‘phygital goods,’ and immersive experiences, more than 70 participating brands, artists, and designers, are coming together to be a part of MVFW22, a milestone event in the global fashion industry. A combination of legacy luxury fashion and digital-native brands will showcase their highly anticipated wearable collections, digital spaces, and breakthrough activations in Decentraland from March 24-27, 2022.

Today, the intersection of fashion and technology has birthed a new revolution, which blurs the lines between our physical and digital lives and allows us to expand our creativity beyond the limits of our tangible reality. Fashion has not only entered the metaverse, but it has also established itself as one of the pillars of the ecosystem. Diversity, decentralization, e-commerce, self-expression, sustainability, robotics, and community, are at the heart of this new era in fashion.

“Decentraland is a virtual social world for everyone, anywhere. Metaverse Fashion Week serves as the perfect, monumental event to introduce to the world the philosophy behind everything we build. A space built by and run for by its community. Through MVFW22, we endeavor to broaden the horizon of what ‘metaverse’ means. We just leveled up the playing field for the world of fashion and decreased the limitations. Even in the metaverse, you’ll be needing a ‘fit’,” says Decentraland Foundation’s Creative Director, Sam Hamilton.

During MVFW22, Decentraland will debut several community-run neighborhoods within the newly created Fashion District. At each of these locations, brands and designers will feature their catwalks, panels, galleries, and more. The mini-districts and neighborhoods include:

Luxury Fashion District
The Luxury Fashion District, Decentraland’s newest district is housed inside the current Fashion District owned by Metaverse Group, a Tokens.com subsidiary. The ‘Luxury Fashion District,’ presented by UNXD and Vogue Arabia, will host a tour-de-force of fashion houses, brands, designers, and fashion devotees. Some of the industry’s most iconic brands to make their Web3 debut include: Dolce & Gabbana, Etro, Elie Saab, Imitation of Christ, DUNDAS, Nicholas Kirkwood in collaboration with White Rabbit, FaithTribe, Chufy, Jacob & Co, Monnier Frères, Franck Muller, Gary McQueen, Mert Otsamo, Guo Pei, and AUROBOROS, who will be closing the MVFW22 together with the headline act and muse Grimes.

Join Auroboros x Grimes in celebrating this historical moment at their MVFW22 closing show featuring an immersive DJ set performed by their muse and superstar Grimes. Founded by Paula Sello and Alissa Aulbekova, Auroboros is the award winning digital luxury fashion house creating a utopian premise for the near future.

Franck Muller, the high end luxury Swiss watchmaker, is leading the way in crypto and metaverse themed watches with its Encrypto collection. Labeled the world’s first functional Bitcoin watch, Encrypto allows customers to check their Bitcoin balance right on the watch face together with built-in Deep Cold Storage.

IOC GENESIS is the first digital collection for the Metaverse from Imitation of Christ. Co-created by visionary artists Tara Subkoff and Adam Teninbaum, in this collection, you will find a number of unique designs and wearables, including collaborations with Lynsey Addario, Nicole Buffett, and 2 BAYC NFTs. IOC GENESIS NFTs will enable token holders access to future IOC-NFT collections, as well as invitations to exclusive shows and events, and also endow the holder the ability to preview looks in advance of their release to the public. The team is donating a portion of the profits to the UKRAINEDAO.

Rarible Street
Rarible Street will host a fashion street with pop-up shops with the following brands: Placebo Digital Fashion House, The Fabricant, Artcade @ Fred Segal with exclusive drops by Atari Hotels and Subnation, Perry Ellis America, Artisant in collaboration with PUMA, Miss J Collection by Crypto Couture, Macr0matic (NFT artist), Fabeeo Breen, Girls Gang Label, The Immersive Kind, the exclusive collection of digital VAULT.swiss watches, and Fresh Couture. The Fabricant will host a runway show featuring pieces selected from thousands minted as NFTs in Season 1 of The Fabricant Studio, its newly launched digital fashion co-creation platform.

Parcel-MetaParty Community Precinct
Parcel and MetaParty have collaborated to present the Community Precinct, which celebrates the Decentraland creator community. Fashion shows and panels, as well as mini games, DJs, music performances and parkour, feature in this amazing multi-level space. On the evening of March 26, the 10 winners of the Wearables Competition will show off their designs on the Parcel catwalk. To coincide with this activation, Parcel is launching unique glasses that can be found in and around the space at dedicated dispensers. The glasses will allow avatars to navigate more efficiently from area to area and this portable experience gives users access to an entirely different interface.

Dragon City
Dragon City is bringing several designers and brands from Asia, and Parcel and Metaparty Community Precinct, to champion the creators who consistently push the boundaries from the design of their wearables every day in the metaverse.

MetaTokyo
The MetaTokyo community is launching the museum “SPACE by MetaTokyo” as well as its Wearable collection, available through the Decentraland marketplace. AMIAYA x STREET Fashion photography is also launching its collections of NFTs at OpenSea in this space.

Boson Protocol
Boson Protocol technology is exhibiting their metaverse marketplace, Boson Portal, which is enabling brands to sell luxury and exclusive physical products as NFTs. For MVFW, Boson has built a boulevard of metaverse stores where leading brands and NFT projects will offer their products for sale. Partners participating: Tommy Hilfiger, Hogan, Cider, IKKS, Deadfellaz, 8SIAN, The Rebels by House of Kalinkin, Christine Massarany, ANREALAGE, WLDFNGZ by Fang Gang, Chubbies @ Santa Monica Place x Macerich, Wonder and NGRAVE.

Metaloop
Created by Kollectiff, Metaloop is a web3 innovation and venture studio, whose unique catwalk brings to life runway shows in collaboration with DRESSX, Cider, 8SIAN, The Rebels, Christine Massarany, Anrealage, and more. The MetaLoop presented by Kollectiff will be hosting continuous shows and afterparties throughout the event. The MetaLoop event space on Decentraland also features a virtual upper deck for brands to host after-parties that can be hosted for up to an hour to extend the socialization in the metaverse.

Threedium
Threedium will host a collection of branded shops featuring 3D wearables from global brands joining in on the immersive experience including, GM (General Motors), showcasing their latest electric vehicles. “Taste of the Future,” exhibited by Diageo’s test and learn space, will explore the next generation of virtual brand experiences. Nestle’s brand of Lion cereal will showcase their latest integrated media campaign featuring branded pajamas designed as virtual wearables for the fashion show. DKNY, CHARLES & KEITH, Prive’ Porter & Phygicode by Wyldflwr will also showcase their 3D products in the Threedium plaza during MVFW. Globally recognized metaverse expert, tech futurist, and top business executive, Cathy Hackl, will act as Chair during the week.

Cash Labs
Web3 Agency Cash Labs will be launching its mixed-media art gallery during MVFW. Over 20 artists and designers, including Antoni Tudisco, Krista Kim x The Fabricant, Karl Lagerfeld x The Dematerialized, Jason Ebeyer, Botter Paris, and more, will be represented by the gallery in an exhibition titled “at the intersection of Art and Fashion.” The three floors of the gallery are filled with images and video works on the walls and fashion presented as sculptures. Presented on the rooftop of the Cash Labs Gallery, SHOWstudio will be presenting five films a day during its Fashion Film Festival, from the 24th to 27th, from the illustrious archive of Nick Knight. Featuring works ranging from established brands such as Alexander McQueen and Comme des Garçons, to emerging designers, this four day fashion film extravaganza will bring the audience through a journey into the history and future of fashion on film.

“We’ve sought to present fashion in every form possible,” says the Decentraland Foundation’s guest curator David Cash, “from runway shows to retail experiences, fashion presented as art, film, photography, and even fashion presented in ways that extend beyond the confines of reality– as, in the metaverse, anything is possible.”

Other brands have purchased real estate in Decentraland and are debuting their flagship stores at Metaverse Fashion Week. These brands are pushing their creative boundaries and have ventured into designing bespoke digital spaces unlike anything users have seen before. The following brands will become permanent residents of Decentraland, showcasing their commitment to a new era in fashion:

Selfridges will unveil its iconic flagship store on March 23. The Decentraland store features an immersive journey with Paco Rabanne and artist Fondation Vasarely, within a space inspired by Selfridges’ iconic Birmingham store. The building itself is a giant time capsule that has mysteriously arrived in DCL the day before fashion week begins and contains important works of art from the past.

Forever 21, which has already broken ground in the Metaverse, will be launching an all-new collection within Decentraland featuring NFT wearables during Metaverse Fashion Week. Inspired by its signature fashion items, Forever 21’s 3D virtual clothing will be on display in a branded storefront, designed in collaboration with the Forever 21 team and the virtual architects at Metaverse Group. Forever 21 will host an afterparty in its virtual store following the Decentraland Fashion Show.

D-CAVE, the lifestyle metaverse marketplace for the digitally minded community, has recently partnered with Bulova Watch to bring wearable luxury watches to the metaverse. “D-CAVE’s mission is to define Digital Culture, that is why we are excited to be part of the Decentraland Fashion Week. In our space, we will engage users in a unique way, generating fun experiences on our event rooftop, showcasing our wearables and releasing our limited edition collaborations,” says Stefano Rosso, co-founder and CEO of D-CAVE. “We want to be the Colette of the Metaverse.”

PHILIPP PLEIN is debuting Plein Plaza, a prime district covering 65 Decentraland parcels, developed by NFT Auction House and Metaverse Development Studio Portion. Within Plein Plaza, users will be able to visit Philipp Plein’s founded Museum of NFT Arts (M.O.N.A). Additionally, Plein will launch his first-ever collection originating in the metaverse, featuring a fashion show in collaboration with 3D artist Antoni Tudisco. The NFT collections will drop on Portion and the exclusive wearables are available to shop in Decentraland or on plein.com.

Estée Lauder will be the exclusive beauty brand participating in MVFW. In partnership with Decentraland, Estée Lauder has engaged Alex Box to create a signature wearable look that MVFW attendees can wear virtually on their avatars.

“We are thrilled to be the exclusive beauty brand participating in Metaverse Fashion Week. It marks a pivotal point for Estée Lauder in how we reach and engage new and existing consumers in the metaverse,” said Stephane de La Faverie, Global Brand President, Estée Lauder & AERIN Beauty and Group President, The Estée Lauder Companies.

Hogan will be debuting a metaverse pop up store within Decentraland that will unveil the brand’s first-ever NFT drop: the “Hogan Untraditional” collection, re-edition of the brand’s iconic sneakers. Hogan, in collaboration with Exclusible, will host the “HoganX” Untraditional afterparty on March 26th. The event will present the first-ever dance competition in the virtual world and will be hosted by acclaimed DJ superstar Bob Sinclar.

After Parties
One of Fashion Week’s most popular staples, the after-party, takes on a new meaning at MVFW. After parties are happening across Decentraland every day after the catwalks and panels. Among the confirmed names are the following: Bob Sinclar is playing in the Vegas City, powered by Hogan and Exclusible; Nicki Nicole is performing and launching her wearable collection in the Metaloop district hosted by Kollectiff; Tribute Brand launches their newest collection with ICYKOF DJ playing in the Metajuku Mall; Blond:ish will perform in Vegas City powered by the Faith Tribe brand, and the automotive brand, Acura, that recently launched an experience in DCL, will host The Acura of Decentraland After Party on the first day of MVFW. The final after party at MVFW held on March 27th will be headlined by Grimes.

Decentraland’s vision for MVFW22 is to provide a space for a new era in fashion, showing the world the power of decentralization and the developing Web3 ecosystem. The platform’s guiding philosophy is meant to build an alternate reality that improves upon the failures of Web2 and democratizes access to all facets of our modern economy. By building in diversity, inclusion, and accessibility, Decentraland is creating the place for the next generation of commerce and adventure.

“The blockchain revolution that is powering metaverse adoption is the perfect moment for fashion to evolve. For years the fashion industry has talked about innovating in the digital space. Decentraland’s Metaverse Fashion Week enables major fashion brands to explore this new space alongside the decentralized artists and designers who created this space. MVFW22 will be a moment in time when the fashion world will witness the future of fashion, and how this world will enable them to meet new audiences, advance fashion sustainability, and reevaluate diversity and accessibility in fashion,” says Giovanna Graziosi Casimiro, Head of Metaverse Fashion Week.

Anyone in the world with an internet connection is able to attend MVFW in Decentraland – there are no tickets, all are welcome. To learn more about how to access Decentraland and the schedule of events, please visit MVFW.

About Decentraland
Decentraland is a decentralized virtual social platform powered by the Ethereum blockchain. Within the Decentraland platform, users can create, experience, and monetize content and applications. Decentraland is unique in that it is owned and governed by the people who use the platform every day. Through the decentralized autonomous organization (DAO), users can submit proposals for owners of MANA (Decentraland currency) and LAND (Decentraland property) to vote on.

About the Decentraland Foundation
Decentralization in Decentraland is supported by the Decentraland Foundation. The Foundation is a non-profit organization that owns the intellectual property, reports on third-party activities and developments, and works alongside companies, contributors, players, users, and community members for the benefit of the platform.

For Media Inquiry:
press@decentraland.org

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a1b8da89-f164-4504-a2b9-aa35f3dae74f

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Pebsteel releases an all-new brand identity for a new phase of development

PEB Steel Buildings Co., Ltd

The rebrand supports Pebsteel’s long-term vision during a new development phase

HOCHIMINH CITY, Vietnam, March 23, 2022 (GLOBE NEWSWIRE) — PEB Steel Buildings Co., Ltd. (Pebsteel), a leading company in the pre-engineering steel construction industry, launches its refreshed brand identity to the market. The rebrand supports Pebsteel’s long-term vision of offering customers innovative, sustainable, and cost-effective solutions during a new development phase.

Construction and industrial sectors are expected to recover strongly after COVID, resulting in enormous demand for pre-engineered steel buildings, steel structures. According to Global Industry Analysts, the world market for pre-engineered steel construction is estimated to grow from $27.1 billion in 2020 to $49.1 billion in 2026 at a compound annual growth rate of 10.1%. Asia-Pacific is the fastest-growing market for pre-engineered buildings and steel structures due to rapid industrialization and urbanization in emerging economies.

Additionally, pre-engineered buildings have become increasingly popular in the construction market thanks to their numerous advantages. They are more cost-effective and energy-efficient than conventional construction methods. Warehouses, office complexes, hangars…are among other various applications.

Pebsteel is a long-standing company with a solid record of 6,000 pre-engineered buildings and steel structures in over 50 countries. Pebsteel’s outstanding projects include the highest Unilever factory in Indonesia with a height of 68 meters; the largest clear span of 128 meters for the Lufthansa hangar in the Philippines; and the longest FCB Warehouse building in Thailand with a total length of one kilometer. Pebsteel also broke its own record by building a 14-story office tower in Manila, as well as creating a unique curved corridor for the Okada Manila hotel and resort complex.

Founded in 1994 by Sami Kteily and Adib Kouteli in Europe with Japanese stakeholders (Nippon Steel and Okaya & Co., Ltd), Pebsteel operates in 10 regional sales offices and has the headquarters in Vietnam. Sami Kteily, Executive Chairman of Pebsteel, said: “The rebrand is an important milestone for Pebsteel. After 27 years of development, Pebsteel reaffirmed its leading position as a total solution provider for pre-engineered steel buildings and steel structures. Amidst the ever-evolving fast-paced construction market, Pebsteel has introduced a new brand tagline – ENGINEERED BUILDING SOLUTIONS – to reflect its aspiration of creating effective solutions for a prosperous future. The company has also updated the logo to demonstrate its efforts to evolve and move towards prosperity with its customers, partners, and employees.”

Media contact : marketing@pebsteel.com.vn

https://www.globenewswire.com/NewsRoom/AttachmentNg/f73e0d2a-94de-4cf7-905f-4097b942c582