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Building a Resilient Knowledge Economy in Pakistan
Raza Ahmad Khan
The author possesses diverse experience in corporate management, entrepreneurship, business incubation, university teaching, and technology transfer. He is a graduate of the University of Wisconsin-Madison, the USA with double masters’ degrees in Industrial Engineering and Manufacturing Systems Engineering with an emphasis on Engineering Management.
Under the present government of Prime Minister Imran Khan, we witness a much-desired emphasis on rejuvenating Pakistan through building a resilient knowledge-based economy!
In simple words, knowledge (k)-economy is a generation of wealth by exploiting intellectual capital (know-how)! Leading economies of the world have capitalized on this concept to progress their communities and earn invaluable foreign exchange. The STIPs (Science & Technology Industrial Parks) in China, as an example, had sales revenue and exports worth US$373 billion and US$88 billion respectivel
Regal Beloit Corporation Announces Fourth Quarter 2020 Financial Results
- Revenue Growth Turned Firmly Positive
- Incremental Margins of 54% Supported Further Sizable Operating Margin Gains
- Free Cash Flow of $108 Million, Cash Flow Conversion at 175%
- Company to Host Earnings Conference Call at 9:00 AM CT Today
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BELOIT, Wis., Feb. 16, 2021 /PRNewswire/ Regal Beloit Corporation (NYSE: RBC), a global leader in the engineering and manufacturing of high-efficiency electric motors and power transmission products, reported fourth quarter 2020 diluted earnings per share of $1.23 compared to $0.89 a year ago. Fourth quarter 2020 adjusted diluted earnings per share were $1.78 compared to $1.25 a year ago. Full year 2020 diluted earnings per share were $4.64. Full year 2020 adjusted diluted earnings per share were $5.77.
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BELOIT, Wis. and MILWAUKEE, Feb. 16, 2021 /PRNewswire/ Regal Beloit Corporation (NYSE: RBC) and Rexnord Corporation (NYSE: RXN) today announced that they have reached a definitive agreement whereby Rexnord will separate its Process & Motion Control ( PMC ) segment by way of a tax-free spin-off to Rexnord shareholders and then immediately combine it with Regal in a Reverse Morris Trust ( RMT ) transaction. Regal shareholders will own 61.4% and Rexnord shareholders will own 38.6% of the combined entity ( New Regal ), before a potential dividend to Regal shareholders and a corresponding ownership adjustment to Rexnord shareholders, sized at closing to ensure that RMT ownership requirements are met. Rexnord shareholders will continue to own 100% of the businesses Water Management platform.
Regal Beloit to Acquire Rexnord s Process & Motion Control Unit in $3.7B Deal
Done through a Rexnord divestment and then Reverse Morris Trust transaction, it will result in forming a new major power transmission supply entity.
Feb 16th, 2021
BELOIT, WI and MILWAUKEE Regal Beloit Corporation and Rexnord Corporation announced Tuesday that they have reached a definitive agreement whereby Rexnord will separate its Process & Motion Control (PMC) segment by way of a tax-free spin-off to Rexnord shareholders and then immediately combine it with Regal in a Reverse Morris Trust (RMT) transaction. Regal shareholders will own 61.4 percent and Rexnord shareholders will own 38.6 percent of the combined entity (New Regal), before a potential dividend to Regal shareholders and a corresponding ownership adjustment to Rexnord shareholders, sized at closing to ensure that RMT ownership requirements are met. Rexnord shareholders will continue to own 100 percent of the businesses Water Management