Month: January 2022

  • Andersen Expands 400 Series Product Options With The Introduction Of Contemporary Profiles

    As proven in a recent survey of homeowners, Andersen carries the best selection of contemporary windows and doors.* Continuing its industry leadership, Andersen Windows is expanding its legacy 400 Series casement to include a contemporary profile option, offering clean, simple profiles to accommodate the latest in modern design trends and…

  • JLG Elevates The Access Industry Once Again With Its Now Available All-Electric Davinci AE1932 Scissor Lift

    JLG Industries, Inc., an Oshkosh Corporation company and leading global manufacturer of mobile elevating work platforms (MEWPs) and telehandlers, elevates the access industry once again with its now available all-electric DaVinci™AE1932 scissor lift. Featuring zero hydraulics to help eliminate job site leaks and zero emissions to help control job site…

  • Axalta Releases Fourth Quarter And Full Year 2021 Results

    Axalta Coating Systems Ltd., a leading global coatings company, announced its financial results for the fourth quarter and full year ended December 31, 2021.   Fourth Quarter 2021 Highlights   Net sales of $1,137.2 million increased 5.8% year-over-year; ongoing Performance Coatings growth including fifth consecutive quarter of year-over-year Industrial end-market…

  • Komatsu Agrees To Make Komatsu (Changzhou) Construction Machinery A Wholly Owned Subsidiary

    Komatsu Ltd. has agreed to dissolve the equity participation of SINOMACH Changlin Co., Ltd. based in Jiangsu, China, and Sumitomo Corporation in Komatsu Construction Machinery Corp based in Jiangsu, China, a joint-venture company with Changlin and Sumitomo. In 1995, Komatsu established Komatsu (Changzhou), a joint-venture manufacturer of wheel loaders in…

  • Pella Launches Latest Innovation: Hidden Screen

    Hassle-free window screen appears when you want it and folds away when you don’t, giving homeowners a crystal-clear view and improved curb appeal   Pella Corporation unveiled its latest innovation today – the Hidden Screen – and the company was met with resounding excitement from homeowners. Drawing on decades of…

  • Associated Materials To Be Acquired By Investment Firm SVPGLOBAL

    Associated Materials and SVPGLOBAL, a global investment firm with over $18 billion of assets under management, today jointly announced that they have entered into a definitive agreement under which funds managed by SVPGLOBAL will acquire Associated Materials.   Associated Materials is a vertically integrated building products company with $1.6 billion…

  • Volvo CE Increases Sales & Profitability

    Volvo Construction Equipment (Volvo CE) saw its Q4 2021 sales increase year-on-year by 5% to SEK 21,812mn (€2.084bn) (SEK 20,810mn – €1.988bn in Q4 2020). All Volvo CE regions outside China saw an improvement across sales and deliveries for the final quarter of 2021 – supported by a rise in…

  • Cabot Corp Reports First Quarter Fiscal 2022 Results

    Cabot Corporation announced results for its first quarter of fiscal year 2022. Key Highlights   Strong EBIT results of $85 million in Reinforcement Materials and $52 million in Performance Chemicals Positive outcome from the calendar year 2022 Reinforcement Materials customer negotiations with price increases in all regions Momentum in Battery…

  • Hilti And Trackunit Team Up To Eliminate Downtime

    Hilti and Trackunit have announced a strategic partnership to advance digital transformation in the construction industry. The partnership is focused on bringing global scale to the tool and equipment connectivity domain.   Together with Trackunit, an industry leader in fleet management services, Hilti is now able to strengthen its ON!Track…

  • Hilti And Trackunit Partner To Consolidate Tool And Equipment Solutions

    Hilti and Trackunit have announced a strategic partnership to advance digital transformation in the construction industry. The partnership is focused on bringing global scale to the tool and equipment connectivity domain. Together with Trackunit, an industry leader in fleet management services, Hilti is now able to strengthen its ON!Track solution.…

  • JCB Names New Engine Distributor In Chile

    JCB Power Systems has appointed a new dealer to distribute and support its OEM engines in Chile – the company’s first presence in South America.   Headquartered in Quilicura, Dercomaq is a full line JCB dealer with 12 locations across Chile and will supply the full range of JCB mobile,…

  • First Volvo Trucks Certified EV Dealer In Virginia

    Volvo Trucks North America (VTNA) has expanded its network of Certified Electric Vehicle (EV) Dealers into Virginia, announcing that Nacarato Truck Centers’ Roanoke dealership has completed the required training and certification program.   Nacarato Truck Centers has been instrumental in introducing Volvo Trucks’ VNR Electric model in the state, as…

  • Trane Technologies Reports Strong Fourth-Quarter And Full-Year 2021 Results; Begins 2022 With Record Backlog

    Trane Technologies plc, a global climate innovator, reported diluted earnings per share (EPS) from continuing operations of $1.35 for the fourth quarter of 2021. Adjusted continuing EPS was $1.36, up 32 percent, which excludes $11.2 million related to planned restructuring and transformation costs offset by the release of a pension…

  • Elroy Air Unveils Chaparral Autonomous, Hybrid-Electric VTOL Cargo Aircraft; Agreements For >500 Units

    Elroy Air, a company developing the first end-to-end autonomous vertical take-off and landing (VTOL) aerial cargo system, unveiled its pre-production Chaparral aircraft. The Chaparral can autonomously pick up 300-500 lbs of cargo and deliver it by air up to 300 miles, a capability that pushes beyond the limited payload capabilities…

  • Wabco India Ltd Q3 PAT Down -39.27% At Rs31.84cr On Spike In Raw Material Costs In The Quarter

    Wabco India Ltd reported 15.26% growth yoy in total revenues for the Dec-21 quarter on consolidated basis at Rs652.92cr. On a sequential basis, the revenues were higher for the quarter by 5.90%. Wabco is into the manufacture of transmission and steering equipment for automobiles and the broad outlook has been…

  • HASCO Magna eDrives Hit The Market On Volkswagen MEB Platform

    Magna continues its growth in electrification with secondary eDrive systems hitting the market in Asia, Europe and North America on Volkswagen’s MEB platform. The HASCO Magna Electric Drive Systems Co., Ltd. (HME) team in China has started high-volume serial production of secondary eDrive systems for the Volkswagen ID.4 electric crossover,…

  • Werner Enterprises And Cummins Partner To Integrate Cummins’ 15L Natural Gas And Hydrogen Engines

    Werner Enterprises, a premier transportation and logistics provider, and Cummins Inc. announced that Werner will begin validation and integration of Cummins’ recently announced 15-liter natural gas and 15-liter hydrogen internal combustion engines in its vehicles. Cummins will begin integrating these new powertrains in Werner trucks in the second half of…

  • Caterpillar to Supply Locomotives to Union Pacific Railroad, Supporting Investment in World’s Largest Battery-Electric Locomotive Fleet

    Caterpillar Inc. announced Union Pacific Railroad will purchase 10 battery-electric locomotives from Progress Rail, a Caterpillar Company. The purchase is part of the largest investment in battery-electric technology by a U.S. Class I railroad. “We are pleased to supply our EMD Joule locomotives to Union Pacific representing our largest battery-electric…

  • Cat Financial Announces 2021 Year-End Results

    Cat Financial reported revenues of $2.56 billion for 2021, an increase of $12 million compared with 2020. Profit was $505 million for 2021, a $212 million, or 72%, increase from 2020. Profit before income taxes was $695 million for 2021, a $261 million, or 60%, increase from 2020. The increase…

  • Mercedes-Benz Partners With And Invests In Prologium To Develop Next-Generation Solid-State Battery Cells For EVs

    Mercedes-Benz and ProLogium, a developer of solid-state batteries, have signed a technology cooperation agreement to develop next-generation battery cells. Mercedes-Benz will also make a high double-digit million euro investment in ProLogium.   Under the agreement, Mercedes-Benz will take a seat on the ProLogium board of directors. The investment by Mercedes-Benz…

  • ABB Increases Stake In Incharge Energy To 60%; Fleet Electrification Services

    ABB has increased its stake in InCharge Energy, a provider of fleet electrification services, to 60%. InCharge Energy will maintain its leadership team and tech neutrality as it joins ABB’s E-Mobility Division. Financial terms of this agreement were not disclosed.   The addition of InCharge Energy will strengthen ABB’s E-mobility…

  • Werner Enterprises And Cummins Announce Collaboration To Integrate Cummins’ New 15-Liter Natural Gas And 15-Liter Hydrogen Internal Combustion Engines

    Werner Enterprises, a premier transportation and logistics provider, and Cummins Inc., global power solutions provider, have announced that Werner will begin validation and integration of Cummins’ recently announced 15-liter natural gas and 15-liter hydrogen internal combustion engines in its vehicles. Cummins will begin integrating these new powertrains in Werner trucks…

  • C4V Introduces Liser, A Cobalt- And Nickel-Free Li-Ion Cell Technology With 40-50% Higher Energy Density, 5 X More Power Density Than LFP

    Charge CCCV (C4V), a lithium ion battery technology company, has introduced LiSER (Lithium Slim Energy Reserve), a novel cell technology platform. C4V’s LiSER technology encompasses an in-house patented battery cell design that allows OEMs to bypass modules and build the pack directly. This platform includes designs that include long and…

  • Renault, Nissan, Mitsubishi To Invest €23B Over 5 Years In Electrification; 35 New EV Models By 2030; Solid-State Batteries

    The Renault, Nissan and Mitsubishi Alliance has defined a common 2030 roadmap on pure-EV and Intelligent & Connected mobility, sharing investments for the benefits of its three-member companies and their customers.   Renault, Nissan and Mitsubishi have already invested more than €10 billion in the field of electrification. In the…