Machine Tools, Metalworking & Metallurgy

Acquisition of South Carolina-based Fastener Manufacturer Supports Portland Bolt’s Expansion into the Southeast

Retrieved on: 
måndag, juni 3, 2024

Portland Bolt & Manufacturing Co., LLC (Portland Bolt), a leading domestic manufacturer and global provider of anchor bolts and nonstandard, custom fasteners, today announced it has acquired the South Carolina manufacturing and galvanizing operations of Southern Anchor Bolt Co.

Key Points: 
  • Portland Bolt & Manufacturing Co., LLC (Portland Bolt), a leading domestic manufacturer and global provider of anchor bolts and nonstandard, custom fasteners, today announced it has acquired the South Carolina manufacturing and galvanizing operations of Southern Anchor Bolt Co.
  • The acquisition highlights Portland Bolt’s strategy to expand its US-based manufacturing footprint into the East, while continuing to offer customers industry-leading delivery times, service, and enhanced dependability.
  • “We are excited to welcome the Southern Anchor Bolt team to the Portland Bolt family of companies,” said Blake Ray, CEO of Portland Bolt.
  • “At Southern Anchor Bolt, we are thrilled to be partnering with Portland Bolt,” said Leslie.

Saint-Gobain Completes Acquisition of The Bailey Group of Companies

Retrieved on: 
måndag, juni 3, 2024

Saint-Gobain has completed the acquisition, announced on April 3, 2024, of The Bailey Group of Companies (Bailey), a leading manufacturer of metal building solutions in Canada.

Key Points: 
  • Saint-Gobain has completed the acquisition, announced on April 3, 2024, of The Bailey Group of Companies (Bailey), a leading manufacturer of metal building solutions in Canada.
  • With approximately 690 employees working across twelve manufacturing sites throughout Canada, Bailey will reinforce Saint-Gobain’s commitment to growth in the country, adding more than C$500 million in revenues.
  • View the full release here: https://www.businesswire.com/news/home/20240603636126/en/
    With today’s announcement, Saint-Gobain has successfully completed its third major acquisition in Canada in the last three years.
  • The Bailey Group of Companies, which will continue to operate under its current brand name, joins the local North American construction business, within the Americas region.

Protolabs 3D Printing Report Reveals Accelerated Industry Growth through Emerging Applications

Retrieved on: 
måndag, juni 3, 2024

Protolabs’ newly published 3D Printing Trend Report provides a snapshot of the additive manufacturing industry and highlights emerging trends as applications for 3D printing’s continued growth.

Key Points: 
  • Protolabs’ newly published 3D Printing Trend Report provides a snapshot of the additive manufacturing industry and highlights emerging trends as applications for 3D printing’s continued growth.
  • The data shows that 3D printing is steadily moving beyond prototyping towards production applications.
  • Industry experts agree that highly specialized materials designed for 3D printing applications are coming to market, providing even more scope for innovation.
  • In 2023, Protolabs’ 3D printing service generated more than $84 million in revenue through its quick-turn factories and Protolabs Network manufacturing partners.

Nidec Announces the Status of Own Share Repurchase

Retrieved on: 
måndag, juni 3, 2024

Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the “Company”) today announced the status of the Company’s own share repurchase under its ongoing repurchase plan resolved at a meeting of the Board of Directors held on May 24, 2024, pursuant to Item 1 of Article 459 (1) of the Companies Act of Japan.

Key Points: 
  • Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the “Company”) today announced the status of the Company’s own share repurchase under its ongoing repurchase plan resolved at a meeting of the Board of Directors held on May 24, 2024, pursuant to Item 1 of Article 459 (1) of the Companies Act of Japan.
  • Period of own share repurchase: From May 27, 2024 through May 31, 2024
    Number of own shares repurchased: 0
    Note: The above repurchase information has been prepared on the basis of trade date.
  • A) Details of the share repurchase plan authorized by the Board of Directors on May 24, 2024:
    Total number of shares that may be repurchased: Up to 5,000,000 shares
    (0.87% of total number of shares issued, excluding treasury stock)
    B) Total number and yen amount of own shares repurchased from May 27, 2024 through May 31, 2024, pursuant to the Board of Directors resolution above:
    Total number of own shares repurchased: 0
    View source version on businesswire.com: https://www.businesswire.com/news/home/20240602430699/en/

Olympic Steel Welcomes Anthony Roberts as General Manager for Chambersburg, Pennsylvania, Facilities

Retrieved on: 
måndag, juni 3, 2024

Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced that Anthony Roberts has joined the Company as General Manager for its two facilities located in Chambersburg, Pennsylvania.

Key Points: 
  • Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced that Anthony Roberts has joined the Company as General Manager for its two facilities located in Chambersburg, Pennsylvania.
  • As General Manager, Mr. Roberts assumes leadership for the Company’s facilities at 1530 and 1599 Nitterhouse Drive in Chambersburg.
  • “Tony is a successful leader with international, multi-facility manufacturing experience and a proven track record of profit and sales growth.
  • Chambersburg, one of several Olympic Steel fabrication facilities, is integral to these efforts, and we’re thrilled to have Tony, an experienced leader in this area, joining the team,” said Dave Gea, President – Carbon Flat Rolled.

Rolled Copper Products Market Report 2024-2034, Featuring Aurubis, Freeport-McMoRan, Jiangxi Copper, JX Nippon Mining & Metals, LS-Nikko Copper, Sam Dong, Southwire, Wieland Electric and Wieland-Werke - ResearchAndMarkets.com

Retrieved on: 
fredag, maj 31, 2024

World revenue for the Rolled Copper Products Market in terms of value the market will surpass US$26.16 billion in 2024, with strong revenue growth through to 2034.

Key Points: 
  • World revenue for the Rolled Copper Products Market in terms of value the market will surpass US$26.16 billion in 2024, with strong revenue growth through to 2034.
  • The increasing adoption of antimicrobial copper surfaces in healthcare facilities and public spaces presents a significant opportunity for manufacturers of rolled copper products.
  • Where is the rolled copper products market heading and how can you ensure you are at the forefront of the market?
  • Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), cost structure, impact of rising rolled copper products prices and recent developments.

Fonon's Additive Manufacturing Technology To Transform Construction Industry

Retrieved on: 
fredag, maj 31, 2024

Fonon Corporation , a multi-market holding company, R&D center, equipment designer and manufacturer of advanced laser material processing systems for subtractive and additive manufacturing, highlights applications for its Bulk-To-Shape (BTS) additive manufacturing/ 3D metal printing technology for the construction industry.

Key Points: 
  • Fonon Corporation , a multi-market holding company, R&D center, equipment designer and manufacturer of advanced laser material processing systems for subtractive and additive manufacturing, highlights applications for its Bulk-To-Shape (BTS) additive manufacturing/ 3D metal printing technology for the construction industry.
  • This BTS technology is currently being developed by Fonon Corp and has not been fully commercialized.
  • Additive manufacturing (AM) is a rapidly growing industrial method of manufacturing that continues to benefit multiple market segments.
  • When fully actualized, Fonon's BTS system will be capable of re-creating a three-dimensional model through a combination of conventional laser additive manufacturing with original metal powder production.

ESAB Corporation Enters into Agreement to Acquire the Welding Business of Linde Bangladesh

Retrieved on: 
torsdag, maj 30, 2024

ESAB Corporation (“ESAB” or the “Company”) (NYSE: ESAB), a focused premier industrial compounder, announced today that it has entered into an agreement to acquire Linde Industries Private Limited (LIPL).

Key Points: 
  • ESAB Corporation (“ESAB” or the “Company”) (NYSE: ESAB), a focused premier industrial compounder, announced today that it has entered into an agreement to acquire Linde Industries Private Limited (LIPL).
  • LIPL is a market leader in welding consumables and equipment in Bangladesh.
  • “LIPL is our third acquisition this year as we accelerate our compounding journey,” said Shyam P. Kambeyanda, President and CEO, ESAB Corporation.
  • “Bangladesh is a fast growing and attractive market and the LIPL acquisition further strengthens our ability to serve our end markets and customers in the region.

Tulip Innovation Launches New Patent Licensing Program based on LG Energy Solution and Panasonic Energy Lithium-Ion Battery Technologies

Retrieved on: 
torsdag, maj 30, 2024

today announced the launch of a new licensing program aggregating patents related to lithium-ion battery technology from LG Energy Solution, Ltd. (LG Energy Solution) and Panasonic Energy Co., Ltd. (Panasonic Energy).

Key Points: 
  • today announced the launch of a new licensing program aggregating patents related to lithium-ion battery technology from LG Energy Solution, Ltd. (LG Energy Solution) and Panasonic Energy Co., Ltd. (Panasonic Energy).
  • Tulip’s new licensing program is based on a combined portfolio of more than 5,000 LG Energy Solution and Panasonic Energy patents from over 1,500 patent families and is available to all battery manufacturers globally.
  • Tulip’s program offers battery manufacturers a new efficient and alternative way of accessing this wide range of patented technologies from LG Energy Solution and Panasonic Energy through a single license.
  • Tulip’s engagement as licensing administrator reflects the trust in its team of experienced patent licensing professionals shared by both LG Energy Solution and Panasonic Energy.

Water and Wastewater Pipes Global Markets 2023-2028: Advanced Pipe Materials and Coatings & 3D Printing Gaining Momentum - ResearchAndMarkets.com

Retrieved on: 
torsdag, maj 30, 2024

The "Global Water and Wastewater Pipes Market 2023-2028" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Water and Wastewater Pipes Market 2023-2028" report has been added to ResearchAndMarkets.com's offering.
  • The Global Water and Wastewater Pipes Market was valued at USD 24.3 billion in 2023, and is expected to reach USD 37.1 billion by 2028, rising at a CAGR of 7.50%.
  • This report provides an overview of the global water and wastewater pipes market.
  • This report segments the global water and wastewater pipes market on three bases: material (plastic, metal and others), application (water supply and wastewater management), and end use (municipal and industrial).