Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

AXIO announces acquisition of FOEX and partnership deal with RISI  Join our daily free Newsletter

MENAFN Press - 06/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN Press)

London, 3rd April, 2014 (Press Release) “ AXIO Data Group Ltd (AXIO) announced that it has acquired FOEX Indexes Ltd (FOEX) which will sit alongside RISI in AXIO's portfolio of forest products information assets. FOEX also announced today that FOEX and RISI have entered into a long-term agreement for RISI to become the exclusive re-seller of FOEX data subscription products



As part of AXIO, FOEX will remain an independent organization providing price indices, keeping its industry-leading FOEX brand and PIX„ trademarks while gaining access to additional resources to expand. Timo Ters will remain Managing Director and all FOEX staff will remain, as will the PIX indices and methodology.



AXIO CEO, Henry Elkington, said "Over the past 15 years FOEX has developed a robust methodology for price discovery in the forest products sector. We see an opportunity to leverage our ownership of both FOEX and RISI to create stronger and more extensive price discovery for the sector which will ultimately drive market efficiency and value for all stakeholders.



FOEX Managing Director, Timo Ters, said, "We've struck a partnership that maintains our rigorous standards and adherence to methodology while gaining access to additional resources for the marketing of our subscription services from RISI. The partnership allows us to introduce additional PIX indices at a speedier time-table than alone, fulfilling an important request from the market.



Through AXIO's ownership, FOEX and RISI will work together to improve price monitoring practices across the global forest products industry. FOEX will continue to manage and administer all contracts for commercial use of PIX indices, and RISI will become the exclusive re-seller of FOEX pulp and paper data subscriptions. The FOEX wood and bioenergy products data sales will be handled by FOEX. Given how widespread price information from each organization is used in the industry, RISI and FOEX commit to make no changes to existing price series before consulting market participants and then giving sufficient advance notice of any changes



Global Head of RISI Indices, Matt Graves said "RISI is committed to providing objective, reliable, and independent prices for the global forest products sector. We look forward to working with the team at FOEX to improve the overall service we deliver to our clients."


About AXIO Data Group Ltd
About AXIO Data Group Ltdwww.AXIOgroup.netAXIO operates a portfolio of market-leading information businesses. AXIO serves customers in a range of sectors including: healthcare, aviation, forest products, intellectual property licensing, containerised trade and breakbulk services. AXIO's product brands are recognised for quality and authority by the markets they serve. AXIO operates in over 25 countries and is based in London.About FOEX Indexes Ltdwww.foex.fiFOEX Indexes Ltd is a specialised provider of audited, trade-mark registered pulp, paper, recovered paper and wood based bioenergy/biomass price indices. FOEX is based in Helsinki, Finland.About RISIwww.risi.comRISI is the leading information provider for the global forest products industry. The company works with clients in the pulp and paper, wood products, timber, biomass, tissue, nonwovens, printing and publishing industries to help them make better decisions. Headquartered in Boston, MA, RISI operates additional offices throughout North and South America, Europe and Asia.##########################For Press Enquiries, please email: contactus@axiogroup.net

 


MENAFN Press




  MENA News Headlines
 Apr 28 2015 - Qatar- HH the Emir Congratulates Sudanese PresidentQatar News Agency
(MENAFN - Qatar News Agency) HH the Emir Sheikh Tamim bin Hamad Al-Thani on Monday sent a cable of congratulations to President Omar al-Bashir on the occasion of his re-election as president of the ...

 Apr 28 2015 - Saud Al-Haqbani crowned with title of American International Challenge Tournament for TennisSaudi Press Agency
(MENAFN - Saudi Press Agency) Saudi team tennis captain under 14 years old player Saud Al-Haqbani was crowned with the title of The International Challenge Tournament, which concluded its ...

 Apr 28 2015 - Saudi- NAUSS Organizes 'Care and Counseling Role Facing Takfiri Thought' ForumSaudi Press Agency
(MENAFN - Saudi Press Agency) The Scientific Forum on 'Care and Counseling's Role in Facing Takfiri Thought' started its works, whereas it is being organized by the Faculty of Social and ...

 Apr 28 2015 - EGP 1.6tn deposits in banks: NBE chairmanDaily News Egypt
(MENAFN - Daily News Egypt) The total deposits in the banking sector amounted EGP 1.6tn, and the funding size increased to EGP 640m, Hisham Okasha, chairman of the National Bank of Egypt (NBE) ...

 Apr 28 2015 - Palestinian youth dies of injuries in JeninJordan News Agency
(MENAFN - Jordan News Agency) A young Palestinian succumbed Tuesday to wounds sustained during clashes with Israeli forces late on Monday in al-Araqa village in western Jenin.Palestinian sources said ...

 Apr 28 2015 - Capital market sheds EGP 7bnDaily News Egypt
(MENAFN - Daily News Egypt) The series of losses for the Egyptian Stock Exchange (EGC) continued for the second consecutive trading day, with the market losing some EGP 7bn. The preceding day the ...

 Apr 28 2015 - Hyundai Verna most sold car in EgyptDaily News Egypt
(MENAFN - Daily News Egypt) The Hyundai Verna was the most sold car in Egypt in January and February after achieving sales of EGP 338m. More than 4,000 cars were sold.The Verna is considered the ...

 Apr 28 2015 - Political situation in Arab world reflects negatively on job opportunities: ministerJordan News Agency
(MENAFN - Jordan News Agency) Labor Minister Nidal Qatamin said that the political situation in Arab countries, especially those that witnessed the so-called Arab Spring and which caused the economic ...

 Apr 28 2015 - Syria Bands Rock Beirut Music SceneArab Times
(MENAFN - Arab Times) Syrian rock bands fleeing war are finding safety and new fans in neighbouring Lebanon, where they are revitalising a Westernised scene with their focus on Arabic musical ...

 Apr 28 2015 - Egypt- Qalaa Holdings hires CI Capital to exit Tanmeyah firmDaily News Egypt
(MENAFN - Daily News Egypt) EGX listed Qalaa Holding has assigned CI Capital as advisor on the possibility of fully exiting its investments in Tanmeyah Micro Enterprise Services, the company ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help