Curtiss Wright wins contract to provide instrumentation and control systems to the US Navy

Key Insights and Signals in Industrial

Center setup and Expansion
Fluence expands energy storage manufacturing with a new site in Utah 
The company will make its energy storage products at a new manufacturing facility in Utah to better serve the North American market. The plan envisages 75 Fluence Cubes to be initially manufactured every week, which will later reach 150 units. Read More>>
Acciona is awarded the construction of a desalination plant in Chile for EUR 258 Mn (USD 265 Mn) 
The project is part of the ‘Infrastructure Development and Productive Capacity Improvement’ plan for the Doña Inés de Collahuasi mining company (CMDIC), which also includes the operation and maintenance of the plant by Acciona for two years. Read More>>
Norma Group wins two new contracts for electric cars in China 
NORMA Group has secured two major orders from leading automotive manufacturers in China with a total value of around EUR 5.6 Mn (USD 5.77 Mn). The company will supply thermal management systems for electric passenger vehicles. NORMA Group will start to deliver to the customer in December 2022 for one contract and June 2023 for the other contract. Read More>>
Curtiss Wright wins USD 220 Mn contract to support U.S. Navy’s submarines 
Curtiss Wright awarded contracts valued at more than USD 220 Mn to provide propulsion valves, pumps, and advanced instrumentation and control systems for the U.S. Navy’s Virginia-class nuclear-powered attack submarine, Columbia-class submarine, and Ford-class aircraft carrier programs. Read More>>
Mergers and Acquisition
Atlas Copco to acquire Suzhou Gas System 
Atlas agreed to acquire the assets of Suzhou Gas System, based in China. Suzhou specializes in on-site gas generation for various industries, including metals, petrochemical, marine, and electronics. Atlas Copco announced Suzhou would become part of the Industrial Air division within the Compressor Technique Business Area. Read More>>
Thomson Broadcast completes acquisition of GatesAir 
GatesAir acquired Thomson Broadcast on August 1. The acquisition of GatesAir is an excellent and significant step for Thomson Broadcast to reinforce further its worldwide leadership in the fast-evolving world of broadcast technology. Read More>>
NGK SPARK PLUG annuncia partnership strategica con Neoplas Med 
NGK partnered with Neoplas Med GmbH, a German medical company specializing in innovative cold plasma jet technology. As established within the NITTOKU BX NGK SPARK PLUG 2030 Long Term Development Plan, the company is transforming its business portfolio to increase its activities in areas unrelated to internal combustion engines. Read More>>
Executive Movement
Fluence CEO Manuel Prez Dubuc stepping down 
Fluence executives, including outgoing CEO Dubuc, at the company’s Nasdaq listing in November 2021. Fluence, the global battery energy storage system integrator, is changing CEO with Julian Nebreda replacing incumbent Manuel Prez Dubuc next month. Read More>>
Trane Technologies appoints Dwayne Cowan as President of Thermo King EMEA and Global Marine, Rail, and Air Business 
Dwayne Cowan has been appointed as president of Thermo King Europe, Middle East, and Africa and Global Marine, Air and Rail, effective August 1. Dwayne most recently served as sales and service vice president for Thermo King Americas. Read More>>
Financial and Market Activity
G.E. Power India’s loss narrows to INR 59 cr (USD 7.4 Mn) in the June quarter 
G.E. Power’s losses narrowed to USD 7.4 Mn in the April-June quarter of 2022-23 from INR 114.99 Cr (USD 14.3 Mn) in the quarter that ended on June 30, 2021. The company’s total income was INR 520.02 Cr (USD 65.4 Mn) in the June quarter compared to INR 551.20 Cr (USD 69.3 Mn) in the same period a year ago. Read More>>
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Latest Industry Insights from Draup Braindesk

Sumitomo Electric Wiring Systems focuses on developing electric Wiring System Products to drive powerful I.T. and Consulting Services
   Product development
  • Sumitomo Electric Wiring Systems is keen on developing Wiring Harnesses to work alongside clients as trusted advisors and support navigation to become digital enterprises. 
  • The wiring harnesses achieve prosperity based on a solid foundation by placing prime importance on integrity and sound management in the conduct of its business.
 Innovation Technologies
  • Innovate Technologies to step up the ITS (Intelligent Transport Systems), a transmission connecting people, vehicles, and society. 
  • Sumitomo Electric Wiring Systems provides advanced functions and parts, which increases require electronics to save space requirements. 
  • Sumitomo Electric Wiring Systems is keen on enhancing manufacturing by developing better people for the automotive society of the future. 
  • It connects cars, people, and society with automotive electric wiring intelligent automobiles through an advanced product development process.
  Future Focuses
  • Sumitomo Electric Wiring Systems focuses on growing new automotive electric wiring systems to drive the industry’s future generation. 
  • Wiring Harnesses is keen on developing a new automobile society, focusing on safety, reliability, comfort, and the environment.

Key Funding Alert

Tata Steel to invest INR 1,000 Cr (USD 153.56 Mn) in Neelanchal Ispat 
: The company plans to enhance Neelanchal Ispat Nigam’s capacity to five million tonnes per annum from 1.5 mtpa. Tata Steel plans to sell pig iron from Neelanchal by October and achieve a rated steel production capacity of one lakh tonnes per month by March. Read more>>

Startup Spotlight

Company – Keelvar
Total Funding  USD 44.91 Mn
About: Keelvar provides strategic sourcing software to large enterprises across the globe. It specializes in advanced sourcing for mature procurement and supply chain management teams seeking competitive systems. Read more>>

Latest Reports Published in Draup

Panasonic Corporation Account Intelligence Report 
Panasonic is eager to enhance its connectivity by designing and developing sensors, chips, capacitors, and semiconductors. The company develops advanced transmission devices and manufactures ventilation and cooling systems. Read More>>
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