Industrial organization

First Mack LR Electric model begins service with New York City Department of Sanitation

Wednesday, September 23, 2020 - 2:32pm

GTEBORG, Sweden, Sept. 23, 2020 /PRNewswire/ -- Volvo Group's subsidiary Mack Trucks has turned over the keys to its highly anticipated Mack LR Electric demonstration model to New York City Department of Sanitation (DSNY) officials, who will put it through rigorous, real-world trials.

Key Points: 
  • GTEBORG, Sweden, Sept. 23, 2020 /PRNewswire/ -- Volvo Group's subsidiary Mack Trucks has turned over the keys to its highly anticipated Mack LR Electric demonstration model to New York City Department of Sanitation (DSNY) officials, who will put it through rigorous, real-world trials.
  • "We're pleased to begin in-service testing of the first Mack LR Electric within our fleet," said Rocco DiRico, deputy commissioner for support services at the New York City Department of Sanitation.
  • Mack announced earlier this month its plans to commercialize the LR Electric model in 2021, enabling customers to collect refuse in a more environmentally friendly way.
  • All accessories on the Mack LR Electric model, including the hydraulic system for the Heil Durapack 5000 refuse body, are electrically driven through 12V, 24V and 600V circuits.

Scania's sets Green Bond Framework in support of sustainable transport

Friday, September 18, 2020 - 12:49pm

SDERTLJE, Sweden, Sept. 18, 2020 /PRNewswire/ --Scania has successfully qualified for issuance of green bonds to accelerate decarbonising the transport system, following an independent assessment of its Green Bond Framework.

Key Points: 
  • SDERTLJE, Sweden, Sept. 18, 2020 /PRNewswire/ --Scania has successfully qualified for issuance of green bonds to accelerate decarbonising the transport system, following an independent assessment of its Green Bond Framework.
  • "We're very proud to join the group of forward-looking companies that qualify for green bond financing," says Scania's Chief Financial Officer Johan Haeggman.
  • "Scania is fully committed to driving the shift to a fossil-free transport system and green bonds will enable us to accelerate change.
  • The Green Bond Framework constitutes the basis for identifying, selecting, verifying and reporting projects that are eligible for financing by green bond proceeds.

Mack® LR Electric to Begin Production in 2021

Wednesday, September 16, 2020 - 2:00pm

GREENSBORO, N.C., Sept. 16, 2020 /PRNewswire/ --Mack Trucks today announced plans to commercialize the Mack LR Electric, its revolutionary refuse model equipped with a fully electric integrated Mack drivetrain.

Key Points: 
  • GREENSBORO, N.C., Sept. 16, 2020 /PRNewswire/ --Mack Trucks today announced plans to commercialize the Mack LR Electric, its revolutionary refuse model equipped with a fully electric integrated Mack drivetrain.
  • Orders for the Mack LR Electric will open in Q4 2020, with deliveries beginning in 2021.
  • The production Mack LR Electric model will fulfill the needs of refuse customers, whether commercial or municipal, seeking a true zero-emissions truck that aligns with their own environmental goals and local emissions regulations.
  • The Mack LR Electric will be manufactured at Mack's Lehigh Valley Operations (LVO) in Macungie, Pennsylvania, where all heavy-duty Mack trucks built for North America are assembled.

MHI Thermal Systems' Air Conditioners for the Australian and New Zealand Markets Receive Canstar Blue Award for Second Straight Year

Monday, September 14, 2020 - 9:10am

A broad lineup of MHI Thermal Systems' air conditioners is marketed in Australia and New Zealand through its local subsidiary Mitsubishi Heavy Industries Air-Conditioners Australia, Pty.

Key Points: 
  • A broad lineup of MHI Thermal Systems' air conditioners is marketed in Australia and New Zealand through its local subsidiary Mitsubishi Heavy Industries Air-Conditioners Australia, Pty.
  • The brand garnering the highest total rating is granted the right to display the "Canstar Blue" logo on its winning products for a period of one year.
  • Canstar Blue, established in 2010, is the most authoritative consumer review and comparison site in Australia and the broader Oceania region.
  • "As a customer-centric organisation, we are honoured to have received this Canstar Blue award for the second year in a row.

National Black Farmers' Association President John Boyd Calls for Boycott of John Deere

Wednesday, September 9, 2020 - 8:13pm

Year after year the National Black Farmers' Association (NBFA) has invited the Deere company to display its equipment at the NBFA's annual conference.

Key Points: 
  • Year after year the National Black Farmers' Association (NBFA) has invited the Deere company to display its equipment at the NBFA's annual conference.
  • "I have reached out to Mr. John May, President of John Deere, numerous times to discuss the issues raised by the NBFA.
  • The National Black Farmers Association (NBFA) members deserve the very same treatment as the Farm Bureau, whose members enjoy discounts on John Deere purchases.
  • "Service call inquiries to John Deere equipment from black farmers is much slower than their white counterparts," said Boyd.

Carnegie Robotics Launches Thoro.ai to Commercialize Robotics Technology for Autonomous Cleaning and Disinfection

Monday, August 31, 2020 - 4:20pm

PITTSBURGH, Aug. 31, 2020 /PRNewswire/ -- Pittsburgh-based robotics technology firm Carnegie Robotics LLC today announces the launch of Thoro ( thoro.ai ), a spin-off focusing on the commercialization of its proven Autonomous Mobile Robotics (AMR) technology for the cleaning and disinfection equipment industry.

Key Points: 
  • PITTSBURGH, Aug. 31, 2020 /PRNewswire/ -- Pittsburgh-based robotics technology firm Carnegie Robotics LLC today announces the launch of Thoro ( thoro.ai ), a spin-off focusing on the commercialization of its proven Autonomous Mobile Robotics (AMR) technology for the cleaning and disinfection equipment industry.
  • Thoro technology is about being 'thorough'using robotics and artificial intelligence to ensure a new standard of clean in public spaces," said John Bares, CEO of Carnegie Robotics.
  • This technology has been pioneered within the commercial cleaning industry with industry partner Nilfisk.
  • To that end, Bares noted that both Carnegie Robotics and Nilfisk recognize that the autonomous technology in the SC50 is a valuable platform for cleaning and disinfection applications generally.

Titan Machinery Inc. to Report Fiscal Second Quarter Ended July 31, 2020 Results on August 27, 2020

Thursday, August 13, 2020 - 9:01pm

Investors interested in participating in the live call can dial (877) 705-6003 from the U.S. International callers can dial (201) 493-6725.

Key Points: 
  • Investors interested in participating in the live call can dial (877) 705-6003 from the U.S. International callers can dial (201) 493-6725.
  • There also will be a simultaneous, live webcast available on the Investor Relations section of the Company's web site at www.titanmachinery.com .
  • The Titan Machinery locations represent one or more of the CNH Industrial Brands, including Case IH, New Holland Agriculture, Case Construction, New Holland Construction, and CNH Industrial Capital.
  • Additional information about Titan Machinery Inc. can be found at www.titanmachinery.com .

KEMET and Yageo Complete Merger

Monday, June 15, 2020 - 1:34pm

FORT LAUDERDALE, Fla., June 15, 2020 (GLOBE NEWSWIRE) -- KEMET Corporation (KEMET) (NYSE: KEM) today announced the completion of the acquisition of KEMET by Yageo Corporation (Yageo) (TAIEX: 2327).

Key Points: 
  • FORT LAUDERDALE, Fla., June 15, 2020 (GLOBE NEWSWIRE) -- KEMET Corporation (KEMET) (NYSE: KEM) today announced the completion of the acquisition of KEMET by Yageo Corporation (Yageo) (TAIEX: 2327).
  • As a result of the transaction, KEMET is now a wholly-owned subsidiary of Yageo, and KEMETs common stock is no longer listed on any public market.
  • KEMET as part of the Yageo family will be well positioned to continue as a leading global provider of passive electronic components.
  • This communication includes forward-looking statements relating to the merger between KEMET and Yageo, including financial estimates and statements as to the completion and effects of the merger.

KEMET Receives Final Regulatory Approval for Pending Acquisition by Yageo Corporation

Tuesday, June 9, 2020 - 9:15pm

FORT LAUDERDALE, Fla., June 09, 2020 (GLOBE NEWSWIRE) -- KEMET Corporation (KEMET) (NYSE: KEM) today announced that, in connection with the pending acquisition of KEMET by Yageo Corporation (Yageo) (TAIEX: 2327), the parties received the final regulatory approval that is a condition to closing of such transaction from the Investment Commission, Ministry of Economic Affairs in Taiwan.

Key Points: 
  • FORT LAUDERDALE, Fla., June 09, 2020 (GLOBE NEWSWIRE) -- KEMET Corporation (KEMET) (NYSE: KEM) today announced that, in connection with the pending acquisition of KEMET by Yageo Corporation (Yageo) (TAIEX: 2327), the parties received the final regulatory approval that is a condition to closing of such transaction from the Investment Commission, Ministry of Economic Affairs in Taiwan.
  • At the Investor Relations section of our web site at http://www.KEMET.com/IR, users may subscribe to KEMET news releases and find additional information about our Company.
  • KEMET offers our customers the broadest selection of capacitor technologies in the industry, along with an expanding range of sensors, actuators and electromagnetic compatibility solutions.
  • KEMET undertakes no obligation to update publicly any of these forward-looking statements to reflect new information, future events or otherwise.

Alexander Vlaskamp Appointed Head of Sales and Marketing and Member of Scania Executive Board

Wednesday, June 3, 2020 - 3:08pm

SDERTLJE, Sweden, June 3, 2020 /PRNewswire/ -- Alexander Vlaskamp, currently Senior Vice President Trucks and acting Head of Sales and Marketing, has been appointed Executive Vice President and Head of Sales and Marketing.

Key Points: 
  • SDERTLJE, Sweden, June 3, 2020 /PRNewswire/ -- Alexander Vlaskamp, currently Senior Vice President Trucks and acting Head of Sales and Marketing, has been appointed Executive Vice President and Head of Sales and Marketing.
  • He took up his position on 1 June and reports to Henrik Henriksson, President and CEO.
  • Alexander Vlaskamp, born in 1971, has a Bachelor's Degree in Automotive Engineering from HAN university in the Netherlands and joined Scania Deutschland in 1996.
  • "I welcome Alexander Vlaskamp to our Executive Board.