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Heinz-Dieter Schunk Recognized for Lifetime Achievement
Heinz-Dieter Schunk, CEO of SCHUNK Inc., was awarded the German Machine Development Prize on October 14, 2008. During the third German Machine Development Summit in Berlin, the independent jury of experts in business and science recognized his lifetime achievements. Every…
Power Tool Institute Launches Improved Web Site
The Power Tool Institute (PTI, Cleveland, OH) has launched its newly revamped Web site, www.powertoolinstitute.com. The Institute?s new site is a user-friendly resource for power tool safety with simple navigation, online ordering of publications, and easy-to-view videos. The new PTI…
Zamil Steel's Building Manufacturing Facility Starts Operation in India
Zamil Steel Industries (ZSI) (Dammam, Saudi Arabia) has started operation of the company's first facility in India to manufacture pre-engineered buildings, according to report from Industrial Info Resources (Sugar Land, TX). The manufacturing unit required an investment of $32 million…
Union Fenosa's $1.2 Billion Investment to Double Australia's Wind Energy
Union Fenosa SA (Madrid, Spain) will invest $1.2 billion in seven wind farms in Australia. The company signed an agreement with TME Australia (Chatswood, Australia) in July 2008 to acquire an 80 percent stake in TME's wind power projects portfolio…
Praxair Cuts Fourth Quarter Outlook, Eliminates 1,600 Jobs
From the Associated Press Industrial gas supplier Praxair Inc. Tuesday cut its profit outlook for the fourth quarter and said it was implementing cost-cutting measures, including the layoff of 1,600 workers and closing underperforming and noncore product lines. The Danbury,…
WELDING END PREP TOOL DESIGNED FOR TUBE STUB AND WELD REMOVAL
ESCO Tool offers a welding end prep tool designed for special applications such as tube and weld stub removal, where the tool width is critical and maximum torque is required.
Orissa Government Clears $23.5 Billion for Metals and Power Sectors
The High Level Clearance Authority (HLCA) of Orissa's (India) government, led by the Chief Minister Naveen Patnaik, has given clearance to $25.3 billion worth of projects. Most of the investments will be in the iron, steel and power sectors. According…
Vestas to Deliver 100 Wind Turbines for U.K. Offshore Windfarm
Vestas Wind Systems A/S (Randers, Denmark) received an order from Vattenfall Wind Power (Stockholm, Sweden) to supply 100 V90-3MW wind turbines for installation at the Thanet offshore windfarm, which will be located approximately 11 kilometers to the east of Margate,…
How to Bail Out GM
So it's come to this: General Motors, once the world's mightiest industrial enterprise, is now flirting with bankruptcy. Ford and Chrysler may not be far behind. Car and truck sales have collapsed. With cash reserves rapidly falling, GM may soon…
NEW CORDLESS COMBO KIT PACKS PRO POWER AND PRO SPEED IN AN ULTRA-COMPACT DESIGN
Makita U.S.A., Inc., announces the release of its new 10.8V Lithium-Ion Compact 3-Piece Cordless Combo Kit (model LCT302W). The new combo kit features a new 10.8V Flashlight, as well as the 10.8V Compact Lithium-Ion Driver-Drill and 10.8V Compact Lithium-
Ion Impact Driver. The combo kit also includes an ENERGY STAR rated battery charger, two Lithium-Ion batteries, and a metallic case.
Dongfang Electric Signs Agreement with Japan Steel Works for Nuclear Components
The signing ceremony of the cooperation agreement between Dongfang Electric Corporation (Chengdu, China) and Japan Steel Works Limited (JSW) (Tokyo) for the supply of large forged pieces for nuclear power units was held at Dongfang (Guangzhou) Heavy Machinery Company Limited…
Smith Equipment Receives Recognition for Outstanding Performance as a Supplier
Smith Equipment (Watertown, SD) recently received an Overall Performance Achievement Award from Goodrich Corporation?s Sensors and Integrated Systems business, a leading global supplier of systems and services to the aerospace and defense industry. Smith?s Overall Performance Achievement Award was one…
