Rockwell partners with Microsoft to leverage cloud for faster time-to-value and augment industrial productivity
Key Insights and Signals in Industrial
Center setup and Expansion SolarEdge opens a 2 GWh new battery cell facility The company opened Sella 2, a two-gigawatt-hour battery cell manufacturing facility. The facility will manufacture battery cells for SolarEdge’s residential solar-attached batteries and battery cells for various industries, including mobile applications, energy stationary storage solutions, and UPS applications. Read More>> Sika opens a new concrete admixtures plant in Virginia The company opened a new plant in Virginia. Located in Stafford, VA, the 42,600 square foot production facility can supply Sikas full range of concrete admixtures. With a capacity of 50,000 tons per year and two mixers with a capacity greater than 6,000 gallons each, the facility will increase production and help Sika grow well into the future. Read More>> Kimball International announces a new location for the Chicago showroom The company announced that its Chicago showroom would move to a new location in the Fulton Market District. The company plans to debut the full-floor, 13,000-square-foot space in spring 2023. The showrooms’ new location places it near various tech and design firms, local restaurants, and gallerias and boutiques. Read More>>Partnerships Rockwell Automation Partners with Microsoft to Deliver Cloud Solutions at Hannover Messe 2022 Rockwell Automation will showcase a range of new cloud offerings in the Microsoft demonstration space at Hannover Messe 2022. These offerings enable new value creation across the industrial systems lifecycle continuum from design, operations, and maintenance. Read More>>Deal JinkoSolar signs 600MW n-type module supply deal The company has signed a deal to supply 600 MW of its n-type Tiger Neo modules to Brazilian PV distributor Aldo Solar. With the new panels expected to be available from Aldo Solar for pre-sale as of July, the deal represents the largest contract JinkoSolar has secured for its Tiger Neo portfolio. Read More>>Mergers and Acquisition IMI Plc to acquire Bahr Modultechnik for EUR 98 Mn (USD 104.62 Mn) The company will buy Bahr Modultechnik Holding GmbH, a German provider of highly configured modular electric linear motion systems. The transaction, expected to be closed by mid-June, will be both margin and growth accretive to IMI Precision. Read More>> Italian authorities have approved Systemair’s acquisition of SagiCofim S.p.A. The company will acquire all shares in the Italian company SagiCofim S.p. A. The Italian authorities and completion have now approved the purchase of the transaction is estimated within ten working days. Read More>>Executive Movement Sonoco Products announces transition of Chief Financial Officer The company announces the transition of the Chief Financial Officer. Julie Albrecht, who has served as Vice President and Chief Financial Officer since March 2019, will be departing the Company on June 30, 2022. Albrecht will remain in the CFO role through that date to ensure a smooth and orderly transition of responsibilities. Read More>> CTO at Freudenberg Sealing Technologies to retire The company announced that Dr. Theodore Duclos, Chief Technology Officer, has elected to retire from the company on June 30 after more than 25 years of service. Duclos, recognized for championing innovative approaches to technology and manufacturing processes, has agreed to continue in an advisory role with Freudenbergs e-Power Systems Business Group. Read More>> Forterra CEO to step down after a decade in charge The company’s chief executive is to step down after a decade at the helm. Stephen Harrison has announced plans to leave early next year, with the brickmaker now starting to find a successor. Forterra’s strategy is clear and well-advanced, benefitting from strong cash generation to deliver a compelling organic investment pipeline. Read More>>Financial and Market Activity Varroc Engineering reports a net loss of Rs 1,106 crore in FY2022 The company reported a revenue of INR 5,844 Cr (USD 753.340), compared to INR 4,373 Cr (USD 563,781) for the same period last year. For Q4 FY2022, the revenue came at INR 1,652 Cr (USD 212,981) compared to INR 1,504 Cr (USD 193,900) for the same period last year. Read More>>
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Latest Industry Insights from Draup Braindesk
The Timken Company is keen on designing and manufacturing a growing portfolio of engineered bearings and power transmission products.
Timken strives to improve the reliability and efficiency of global machinery and equipment to move the world forward.
Timken helps engineers with the next generation of machinery and equipment through customer-centric innovations and application knowledge.
Key Funding Alert
Siemens, ABB invests in a Norwegian battery company
Morrow Batteries raised USD 100 Mn through a funding round led by Siemens Financial Services and ABB. It will use the funds to build its first battery cell factory in Arendal, Norway, with an initial capacity of 1 GWh. Read more>>
Company – Moleaer Total Funding– USD 27.5 Mn About: Moleaer develops industrial scale nanobubble systems, resulting in a radical improvement to agriculture economics, separating metals, treating wastewaters, and recovering oil. They increase productivity and water quality and eliminate maintenance expenses across various applications. Read more>>
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