Month: January 2023

  • Dormakaba Powers Its Manufacturing Facility In India With Solar

    Dormakaba announces the inauguration of the photovoltaic power station in its manufacturing facility in Mahindra World City, Chennai. Equipped with 440 solar panels, the site has an installed capacity of 240 kilowatts peak (kWp), enough to cover current energy needs from its own renewables. A key element of dormakaba’s climate…

  • Vehicle Assembly Production Of Suzuki Swift Starts In Ghana

    Toyota Tsusho Corporation vehicle assembly company in the Republic of Ghana, began SKD* production of Suzuki Motor Corporation (“Suzuki”)’s Swift compact car in Ghana in September 2022.   *SKD: Semi-knockdown. A method of vehicle assembly that the welded and painted body is imported and the components parts are assembled with…

  • GE Connects All Units At 1.2 GW Jinzhai Pumped Storage Hydro Power Plant In China

    In line with the planned schedule, all units of the Jinzhai pumped storage power plant have now been successfully connected to grid and completed 15 days of trial operation, by this moment, all units are under commercial operation. Under the contract signed in 2017, GE Hydro Solutions was selected by…

  • GM Investing $650M In Lithium Americas; Offtake Agreement From Thacker Pass

    General Motors and Lithium Americas will jointly invest to develop the Thacker Pass mine in Nevada, which is the largest known source of lithium in the United States and the third-largest in the world. Under the agreement, GM will make a $650-million equity investment in Lithium Americas, which represents the…

  • Commencement Of Full-Scale Commercial Operation For Offshore Wind Farm Project At Akita Port And Noshiro Port In Akita Prefecture

    Marubeni Corporation (hereinafter, “Marubeni”) has been implementing the first large-scale offshore wind power project in Japan at Akita Port and Noshiro Port in Akita Prefecture (hereinafter, “Offshore Wind Farms”) comprised of the bottom fixed offshore wind farm and the onshore substation and transmission lines (hereinafter, “Offshore Wind Farm Project”) established…

  • GE Connects All Units At 1.2 GW Jinzhai Pumped Storage Hydro Power Plant In China

    In line with the planned schedule, all units of the Jinzhai pumped storage power plant have now been successfully connected to grid and completed 15 days of trial operation, by this moment, all units are under commercial operation. Under the contract signed in 2017, GE Hydro Solutions was selected by…

  • Caterpillar Sinks As China Warning, Cost Worries Pile Up

    Caterpillar Inc. shares are heading for the biggest drop in four months as investor worries mounted on warnings of weaker China demand and rising costs for the maker of iconic yellow bulldozers.   The company said sales of its machines in China will be softer this year, a sign of…

  • Caterpillar Reports Fourth-Quarter And Full-Year 2022 Results

    4q22-caterpillar-inc-financial-results https://www.caterpillar.com/en/news/corporate-press-releases/h/4q22-results-caterpillar-inc.html

  • JLG: Strong Demand For Access In Foreseeable Future

    JLG has reported its full-year 2022 results with overall sales increasing year-over-year by 18.8% from $3.34 billion to $3.97 billion. For the fourth quarter, which ended Dec. 31, 2022, overall sales increased 28.8% to $1.07 billion. Looking at JLG’s aerial and telehandler sales for the full year, aerials were up…

  • Dover Reports Fourth Quarter And Full Year 2022 Results

    Dover, a diversified global manufacturer, announced its financial results for the fourth quarter and full year ended December 31, 2022. All comparisons are to the comparable period of the prior fiscal year, unless otherwise noted. For the quarter ended December 31, 2022, Dover generated revenue of $2.1 billion, an increase…

  • Ashland Reports Financial Results For First Quarter Of Fiscal Year 2023 Consistent With Previous Update

    Ashland-earnings-release-with-financial https://investor.ashland.com/news-releases/news-release-details/ashland-reports-financial-results1-first-quarter-fiscal-year-0

  • Markem-Imaje Receives The Manufacturing Industry’s Brc Global Standard Certification For Packaging Materials

    Markem-Imaje, part of Dover and a global provider of end-to-end supply chain solutions and industrial marking and coding systems, announced that it has received the BRC Global Standard (BRCGS) certification for Packaging Materials. The certification is a globally recognized benchmark that validates that products are safe, legally compliant and high…

  • Executive Hire And Ara Show: Haulotte Is Back On The Trade Show Circuit!

    Early in February Haulotte teams in UK and USA will exhibit on 2 majors shows for the hire industry. Since the COVID crisis, participation in trade shows has become rarer and more complex to organize. For the past year, the return of trade shows has been really felt despite international…

  • James Hardie To Showcase New Product Innovations And Celebrate Milestone In Industry Leadership At The NAHB International Builders’ Show In Las Vegas

    James Hardie Building Products, Inc. is excited to announce the International Builder Show debut of the Magnolia Home. Long-time fans of Hardie® siding, Magnolia Home founders Chip and Joanna Gaines teamed up with James Hardie to create this exclusive Collection of exterior products. Curated by Joanna Gaines, the Collection features…

  • Masdar, Port Of Amsterdam And Partners To Explore Exporting Green Hydrogen From Abu Dhabi To Europe

    Abu Dhabi-based Masdar, a developer of renewable energy projects and urban development, Port of Amsterdam, SkyNRG, Evos Amsterdam and Zenith Energy Terminals have signed a memorandum of understanding (MoU) to explore the development of a green hydrogen supply chain between Abu Dhabi and Amsterdam to support Dutch and European markets.…

  • Owens Corning Highlights Comprehensive Insulation Product Line at 2023 International Builders’ Show

    Owens Corning will feature its comprehensive insulation product line at the International Builders’ Show (IBS). The event will take place from Jan. 31 to Feb. 2, at the Las Vegas Convention Center, and visitors can find Owens Corning at booth C6745 in the central hall. The show serves as a…

  • Saint Gobain Strengthens Its Presence In Insulation In Argentina

    Saint-Gobain has completed the acquisition of Termica San Luis, a leader in stone wool insulation in Argentina. Termica San Luis is a family-owned business with over 70 years of experience in insulation. It is the leading producer of stone wool in Argentina, having pioneered its production in the country. Termica…

  • Detailing The New Kobelco CK1600G-3

    In the January morning I showed up at the Kobelco crane yard in Houston, it was a stellar winter day. The new crane sitting front and center in the yard was the color of the sun, the yellow boom stark against the gorgeous blue Texas sky. The Kobelco team was…

  • GE Hitachi Signs Contract For The First Commercial N American Small Modular Reactor

    GE Hitachi Nuclear Energy (GEH), Ontario Power Generation (OPG), SNC-Lavalin and Aecon have signed a contract for the deployment of a BWRX-300 small modular reactor (SMR) at OPG’s Darlington New Nuclear Project site. This is the first commercial contract for a grid-scale SMR in North America.   The BWRX-300 is…

  • Ilika Leading £8M Project On High Silicon Content Electrode Ssbs For Es

    Solid-state battery company Ilika Technologies is leading a 24-month, £8-million (US$9.9-million) Faraday Battery Challenge collaboration project. The HISTORY (HIgh Silicon content anOdes for a solid-state batteRY) project will start on 1 February 2023 and focus on integrating high silicon content electrodes into Ilika’s Goliath SSB (solid state battery) for electric…

  • Onsemi And VW Group Collaborate On Silicon Carbide Technology For Traction Inverters

    onsemi signed a strategic agreement with Volkswagen AG to provide modules and semiconductors that enable a complete electric vehicle (EV) traction inverter solution for VW’s next-generation platform family. The semiconductors are part of an overall system optimization and provide a solution that will support the front and rear traction inverters…

  • Expansion Of Marubeni’s Car Sales Business In The U.K.: Acquisition Of Shares In HPL Motors

    Marubeni Corporation (“Marubeni”), through Marubeni Auto Investment U.K. Limited (“MAIUK”), which operates a dealership business in Manchester and London, U.K., acquired 80% of shares of HPL Motors Limited (“HPLM”), a holding company of Heaton Park Garage Limited (“HPL”), which operates three used car specialty stores near Manchester. Marubeni joined the…

  • Volvo CE Investing $6.3M In Arvika Factory For Production Of Electric Wheel Loaders

    Volvo Construction Equipment (Volvo CE) will invest SEK 65 million ($6.3 million) into the production of electric wheel loaders from its plant in Arvika, Sweden. The Arvika factory specializes in the production of medium and large wheel loaders and has already been successful in driving down its carbon emissions. A…

  • Doosan Bobcat Opens New US PDCs To Bolster Its Aftermarket Competitiveness

    Doosan Bobcat has opened additional parts distribution centers(PDCs) in key areas of North America to further strengthen its aftermarket competitiveness.   On January 27th, Doosan Bobcat announced that the company had opened a new PDC for construction equipment in Atlanta, Georgia, USA, just four months after opening its PDC in…