Month: January 2017

  • ASSA ABLOY Acquires Southeastern Dock & Door in the U.S.

    ASSA ABLOY has acquired Southeastern Dock & Door, an industrial and commercial door and docking solutions distributor in South Carolina. “I am very pleased that Southeastern Dock & Door is joining the ASSA ABLOY Group. I welcome this addition that further reinforces the ASSA ABLOY Group’s leadership in entrance automation,…

  • Siemens and Bentley Systems Agree to Jointly Offer Planning and Design Solutions for Utilities

    Building on the strategic alliance between Siemens and Bentley Systems made public in November 2016, Siemens’ Energy Management Division and Bentley Systems have announced an agreement to jointly develop solutions to accelerate digitalization of planning, design, and operations for power utilities and industrial power customers. Bentley Systems is a global…

  • ATG Named ORS Nasco 2016 Supplier of the Year; ATG Associate Jeff Tholen Honored

    Apex Tool Group was presented with ORS Nasco’s Strategic Supplier Partnership of the Year 2016 award at its Annual Leadership Summit in Tulsa, Oklahoma on January 25, 2017.  ORS Nasco, North America’s leading wholesale provider of industrial and welding supplies, brings together approximately 250 attendees at its largest event of…

  • Honeywell Launches Bluetooth-Enabled Fixed Gas Detector For Commercial, Light Industrial Applications

    LINCOLNSHIRE, Ill., Jan. 31, 2017 /PRNewswire/ — Honeywell (NYSE: HON) announced today a new Bluetooth-enabled fixed gas detector for commercial and light industrial applications, enabling users to easily set up and maintain the device using a simple smartphone app. The Sensepoint XCL is a wall-mounted device that monitors for hazardous levels of specific gases such as carbon…

  • Mahle Sells its Forging Activities to Frauenthal

    The agreement affects the Plettenberg (North Rhine-Westphalia) and Roßwein (Saxony) plants, with around 510 and 130 employees respectively. Their focus lies on the development and production of highly stressed steel-forged blanks for connecting rods and balancer shafts. Together, the two locations generated annual revenue of approximately EUR 125 million in…

  • AkzoNobelSigns Cooperation Agreement On Bio-Based Polymer Technology with Itaconix

    With this agreement, AkzoNobel will pursue the development and commercialization of bio-based polymers. Itaconix will contribute a proprietary polymerization technology to turn itaconic acid – obtained from sugars through fermentation – into polymers. “This innovation enables the production of polymers from renewable ingredients, which fits closely with our Planet Possible…

  • ASSA ABLOY Partners with World Green Building Council Europe

    ASSA ABLOY has today become an official Regional Partner of the World Green Building Council’s Europe Regional Network. ASSA ABLOY and WorldGBC’s Europe Regional Network will collaborate on driving sustainability and innovation across Europe’s building sector. WorldGBC’s Europe Regional Network represents a community of 24 Green Building Councils (GBCs), 8…

  • Jlg Plans Operational Changes to Optimize Manufacturing Footprint; Plan to Close 3 Facilities

    JLG Industries, Inc., an Oshkosh Corporation company [NYSE:OSK] and a leading global manufacturer of aerial work platforms and telehandlers, today announced it has submitted plans for closure to the works council in Maasmechelen, Belgium for its manufacturing and Pre-Delivery Inspection (PDI) facilities and to employee representatives in the UK for its engineering…

  • Harbor Freight Tools to Open Store in Northport

    Harbor Freight Tools will open a 15,000-square-foot store in Northport later this year that will bring 40 new jobs to the area. The new store is tentatively set to open in late spring and will fill the last empty space in the Northport Corners Shopping Center. http://www.tuscaloosanews.com/news/20180122/harbor-freight-tools-to-open-store-in-northport

  • Acquisitions Propel Stanley’s 10% Gain in 4Q Profits

    New Britain toolmaker Stanley Black & Decker’s fourth quarter profits rose 10 percent, helped by strong sales in some of its recently acquired brands, said CEO and President Jim Loree, who added that the company continues to be in acquisition mode. In the fourth quarter, Stanley’s net income increased to…

  • Bosch and MAHLE Plan Sale of Joint Turbocharger Business BMTS

    Trend toward turbocharging is unabated Products have an excellent reputation High quality based on innovative production Further investment is required The international market for turbochargers is also expected to continue to grow in the years ahead as the trend toward smaller engines fitted with turbochargers, especially for hybrid drives, remains…

  • Basf Introduces Masteremaco T 5000 Chemical Resistant Repair Mortar and Grout

    One product for two applications offers jobsite flexibility and reduces inventory cost High resistance to a wide range of industrial chemicals SHAKOPEE, MN, January 18, 2017 – The Construction Chemicals division of BASF Corporation today announced the launch of MasterEmaco® T 5000, a chemical resistant repair mortar and grout. The product…

  • First Minister Opens New EDF Energy Centre in Edinburgh

    First Minister Nicola Sturgeon has opened a new centre for EDF Energy Renewables in Edinburgh which will support the company’s ambitious growth plans in Scotland. During the opening ceremony, EDF Energy’s CEO Vincent de Rivaz signed the Scottish Business Pledge, the Scottish Government initiative to boost productivity, competitiveness and the…

  • WEX and OnDeck Announce Strategic Partnership to Offer Financing to WEX Small Business Customers

    WEX Inc. (NYSE: WEX), a leading provider of corporate and small business payment solutions, and OnDeck® (NYSE: ONDK), a leader in online lending for small business, announced a partnership in which WEX will offer business financing from OnDeck to its small business customers. Under terms of the agreement, WEX customers will gain access to…

  • Atlas Copco to Acquire Germany-based Construction Tools Business

    Erkat is based in Hämbach, Germany, and has sales and service locations worldwide.  The company makes drum cutter attachments for excavators used primarily in construction and demolition and for quarries and tunnels. The Erkat brand name is well recognized for premium quality and continuous innovation. The Erkat business includes 38 employees, and…

  • German Parts Maker Adding China’s Chery to Self-Driving Collaboration

    ZF Friedrichshafen will team up with Chery Automobile to bring its automated-driving system to China, the German autoparts manufacturer said Tuesday. ZF has been working with American graphics processor company Nvidia and Chinese internet search leader Baidu on technologies for autonomous driving. It has been developing an onboard computer powered by Nvidia…

  • Envirotainer Increases Capacity at Amsterdam Facility

    At Envirotainer, we are always looking at how we can provide a better service to our customers. We are currently in the process of adding capabilities for our operations in EMEA to meet increased demand for active temperature-sensitive shipments and we are happy to announce that we are opening up…

  • Apex Tool Company Laying Off 170 at Midlands plant

    SUMTER COUNTY, SC  APEX Tool Group will cease production of its Armstrong and Allen lines of hand tools, a move that will end employment for 170 workers at its Sumter plant, said APEX Communications Director Kelly Rhoads. “This is a difficult announcement for us and our associates,” Rhoads said. “We…

  • Emerson Strengthens Local Manufacturing and Services with a New Facility in Dammam, Saudi Arabia

    DAMMAM, Saudi Arabia (January 11, 2017) – Emerson Automation Solutions has opened a new manufacturing facility in Dammam First Industrial City in Saudi Arabia to expand its local manufacturing, project execution and service capabilities. The 1,100-meter-square facility in Dammam will provide engineering, staging, commissioning, operational support, maintenance support, repair, field…

  • Craftsman Deal: Sears Throws Monkey Wrench in Room

    Last week, Stanley Black & Decker announced it will purchase the Craftsman brand from Sears, allowing it to manufacture and sell Craftsman-branded products in non-Sears sales channels. The $900 million deal comes on the heels of Stanley Black & Decker’s planned acquisition of the Newell Tools business, announced in October 2016,…

  • Mexican Capacity Expansion Strengthens AkzoNobel’s Global Organic Peroxides Business

    AkzoNobel has significantly strengthened its global manufacturing footprint for organic peroxides by completing a €22 million expansion of its Los Reyes production facility in Mexico. The new facility will produce Laurox brand organic peroxides, essential ingredients used in the production of plastics and rubber products. The plant highlights the company’s…

  • Catterpillar Oil & Gas Launches CAT® C15 ACERT™ IMO TIER III Emission Certified Offshore Engine Featuring NRS Technology

    Caterpillar Oil and Gas is pleased to announce the IMO Tier III emissions certified C15 ACERT offshore engine rated at 403 bkW (540 bhp) and 433 bkW (580 bhp). The engine utilizes Caterpillar’s NOx Reduction System (NRS) to meet NOx emissions levels needed to operate in regions where IMO Tier…

  • LG Electronics Launches All-in-one Security, Smart Home Device through U.S Retailers

    LG Electronics USA announced the retail launch of its new plug-and-play monitoring solution and home automation hub, LG Smart Security – the first device to be secured by ADT Canopy™, a new nocontract service for 24/7 professional monitoring. LG Smart Security is the perfect solution for users looking for augmented…

  • Trimble to Sell its ThingMagic RFID Business to Novanta

    Trimble  announced today that it has entered into a definitive agreement to sell its Woburn, Mass. -based ThingMagic RFID business to Novanta Inc. for $20 million in cash. Novanta is a global leader and supplier of photonics, precision motion and vision technologies to original equipment manufacturers (OEMs) in the medical…