|
Deals
SKF signs distribution deal with Certas Energy for RecondOil System in the UK
The collaboration intends to provide long-term oil regeneration technologies for increased environmental benefits. Certas Energy will function as an SKF RecondOil accredited partner in the UK, delivering the units on an “oil as a service” basis to industrial customers. Read More>>
Eviden and Schneider Electric get a contract to equip EDF’s planned nuclear plants
Six French nuclear power stations will receive control systems from Atos’ Eviden and Schneider Electric. The agreement supports EDF’s proposal to construct two EPR2 reactors at the Penly nuclear power station site in Normandy by the middle of 2024. Read More>>
Akiem makes 500m Traxx locomotive order with Alstom
Akiem will receive 100 locomotives from Alstom. The deal includes 65 Traxx Universal multi-system locomotives, which will boost rail travel in 12 European nations and will be delivered between 2025 and 2028. Read More>>
Partnerships
Emirates Global Aluminium and Itochu sign deal to boost aluminum production
At the Japan-UAE Business Forum, Emirates Global Aluminium and Itochu Corporation inked an MoU to improve aluminum production, decarbonization, and UAE industries in EGA’s supply chain. The collaboration intends to harness their industrial skills to address expanding aluminum demand. Read More>>
GDB and Eastman Kodak partner to launch Kodak Paint
Eastman Kodak and GDB International collaborate to launch KODAK Paint and Coatings, which offers a wide choice of colors for artists, designers, and homeowners. This collaboration intends to redefine the paint industry globally via innovation, creativity, and excellent products. Read More>>
Aker Carbon Capture and Aramco to jointly explore carbon capture in Saudi Arabia
Aker Carbon Capture and Aramco have signed an agreement to collaborate on CO2 capture, usage, and storage, as well as industrial modularization, in Saudi Arabia. The emphasis is on lowering CO2 emissions, creating jobs, and supporting the country’s net-zero targets. Read More>>
Mergers and Acquisitions
Marposs makes inroads into Silicon Valley with the acquisition of Solarius
Marposs purchases Solarius, a Silicon Valley-based metrology equipment provider. The acquisition increases Marposs’ semiconductor sector position and consolidates its foothold in the United States, offering up new growth potential in Europe’s increasing market for proprietary technology. Read More>>
Ebara to acquire SKFs Spandau Pumpen
As part of its portfolio plan, Ebara will be able to access the worldwide machine tools market, growing its services and products, while SKF will focus on its core lubrication business. While SKF focuses on its core lubrication business, the acquisition allows Ebara to seek new customers and leverage its current network. Read More>>
Centre Setup and Expansion
Alstom to build a second Moroccan manufacturing plant
Alstom will invest US$ 16.4 Mn in a new manufacturing facility in Fez, Morocco, to construct train-driving cabs, resulting in the creation of 200 new employees. The development complements their existing site, which employs 850 people and contributes to Morocco’s developing rail expertise. Read More>>
Mass Hiring
Schneider Electric creates 400 jobs with Bangalore expansion
The new smart factory will produce single-phase UPS, three-phase UPS, power distribution units, low voltage drives, and digital energy goods such as meters, pre-fabricated data centers, relays, and renewable energy products. Read More>>
Product Launch
Xiaomi launches a new instant cooler water purifier
Xiaomi released its new Xiaomi Mijia Desktop Drinking Machine, which is a water purifier. The new Xiaomi Mijia Desktop Drinking Machine includes a 4-liter tank with an additional 1.8-liter tank for residual water. Read More>>
LG Labs launches Duobo, its pioneering capsule coffee machine with a dual-capsule system, tailored brewing
The dual-capsule extraction technique of Duobo enables two-shot layered blending, allowing users to create and relish their mixes. The smartphone app provides simple control by allowing users to precisely adjust temperature and pressure to their tastes. Read More>>
Executive Movements
Fanuc Europe appoints Marco Ghirardello as President & CEO
Fanuc Europe appoints Marco Ghirardello as President and CEO, succeeding Shinichi Tanzawa. Ghirardello, with experience since 1994, aims to enhance market competitiveness, innovation, and sustainability, building on the company’s record sales of € 1 Bn (US$ 1.1 Bn). Read More>>
Bonnie J. Fetch elected to Lincoln Electric’s Board of Directors
Lincoln Electric Holdings, Inc. appoints Bonnie J. Fetch, VP at Cummins Inc., to its Board of Directors, effective July 20, 2023. Ms. Fetch will serve on the Audit Committee and Finance Committee, contributing her expertise in global supply chain and operational initiatives. Read More>>
|
