McDermott selected by Tata Steel to shape and manage carbonless Heraclass project
Key Insights and Signals in Industrial
Center setup and Expansion Snap-on to expand its Milwaukee facility Snap-on is planning a 26,000-square-foot expansion at its Milwaukee facility. The plant, located at 7939 N. Faulkner Road, is currently used to manufacture sockets, extension bars, pliers, and screwdriver blades and bits. Read More>> Daikin inaugurates a new Solution Plaza at Margao The company announced that it inaugurated the new Solution Plaza of M/s Solar Enterprises at Margao. The Daikin products bring strong technology from Daikin Global that offers a lower cost of ownership and will be topped with unmatched quality and durability. Read More>> Havells to invest INR 130 cr (USD 16.3 Mn) in expanding washing machine production capacity Havells will expand washing machine production capacity at its Rajasthan’s Ghiloth plant. The Ghiloth plant can already roll out 3 lakh units per annum, and the company plans to add a total of 3.8 lakh units per annum. Read More>>Deals Alstom wins contract from FGC to supply new Coradia Stream trains The company has secured a EUR 177 (USD 177) contract from Catalonian operator Ferrocarrils de la Generalitat de Catalunya (FGC) to deliver ten new Coradia Stream regional trains. The contract also covers associated maintenance for 15 years. Read More>> Tata Steel selected McDermott for the Heracless project Tata Steel IJmuiden B.V. has selected the company to be part of an Integrated Project Management Team to shape and manage the execution of project Heracless. The project focuses on implementing the Direct Reduced Iron Plant and Reducing Electrical Furnace technology at the facility. Read More>>Mergers and Acquisition Sandvik completes the acquisition of PCD tools manufacturer Sandvick acquired the Portugal-based company Frezite. Frezite primarily consists of made-to-order polycrystalline diamond tools for metal and wood applications, with exposure to the automotive, general engineering, and aerospace segments. Read More>> JBT Corporation completes the Bevcorp acquisition JBT Corporation acquired Bevcorp. The unique combination of Bevcorp and JBT allows for meaningful cross-selling and future growth opportunities in food and beverage. JBT received Bevcorp for an enterprise value of USD 290 Mn, subject to customary post-closing adjustments. Read More>>Partnership ABB expands partnership with HOI ABB and HOI will expand their existing strategic relationship. The two companies are advancing the deployment of economic large-scale green hydrogen production systems to decarbonize hard-to-abate industries that address a wide range of essential needs. Read More>>Executive Movement Clint Reed was appointed President of Kolpak The company announced Clint Reed had been named President of Kolpak, a Welbilt brand, effective August 29th. In this role, he will be responsible for the day-to-day management of Kolpak. Reed joined Welbilt in 2009, working in various finance, production, and plant management positions. Read More>> Fluence Energy appoints Manavendra Sial as CFO The company announced that Manavendra Sial would succeed Dennis Fehr as Senior Vice President and Chief Financial Officer of the Company, effective mid-September. Over the last four years, Mr. Sial has served as Executive Vice President and Chief Financial Officer for SunPower Corporation. 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
Koch Industries is keen on investing in the renewable energy space across the electric battery, energy storage, and solar infrastructure value chains while increasing efficiencies, using fewer resources, and reducing emissions throughout existing energy operations.
Koch Industries is keen on investing in startups in Koch’s hometown of Wichita, Kansas, to change the future of communications across the construction industry.
The company focuses on providing a site communications app that connects teams beyond phone calls, text messages, and emails to provide a streamlined experience for project communications.
Wichita, Kansas Area, United States, is the critical location for Koch Industries, focusing on IT Consulting and System Integration related engagements.
Product Engineering Services is the highly outsourced segment and holds approximately 41% of the total outsourcing headcount. Wipro is the critical strategic outsourcing partner for Koch Industries.
Startup Spotlight
Company – Diligent Robotics Total Funding– USD 45.88 Mn About: Diligent Robotics develops technically advanced robots with mobile manipulation, social intelligence, and human-guided learning capabilities to collaborate with and adapt to humans in everyday environments. Diligent Robotics’ Moxi helps clinical staff with logistical tasks, patient care, and satisfaction. Read more>>
Latest Reports Published in Draup
Lexmark International, Inc. Account Intelligence Report
Lexmark works with Computacenter, and customers can use Lexmark’s secure managed print services (MPS) products. Consulting & System Integration and Product Engineering Services are the major outsourced segments for Lexmark International. Read More>>
Tennant Co Account Intelligence Report
Tennant Company focuses on developing Li-ion technology for autonomous Mobile Robot machines, which are used to map inventory stocks and reduce extra cost efficiency automatically. It develops its electronic product services using IoT, AI, Beacons, and Voice recognition. Read More>>
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