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Keel of Pittsburgh (LPD 31) Authenticated at HII’s Ingalls Shipbuilding

Retrieved on: 
Friday, June 2, 2023

PASCAGOULA, Miss., June 02, 2023 (GLOBE NEWSWIRE) -- HII’s (NYSE: HII) Ingalls Shipbuilding division has ceremonially authenticated the keel today for the San Antonio-class amphibious transport dock Pittsburgh (LPD 31).

Key Points: 
  • PASCAGOULA, Miss., June 02, 2023 (GLOBE NEWSWIRE) -- HII’s (NYSE: HII) Ingalls Shipbuilding division has ceremonially authenticated the keel today for the San Antonio-class amphibious transport dock Pittsburgh (LPD 31).
  • The keel is the foundation of the ship and the authentication ceremony is the first important milestone in a ship’s life.
  • “Today’s keel ceremony reaffirms our commitment that Ingalls stands ready to serve the country by building ships that will be ready to support and protect her crew,” Ingalls Shipbuilding President Kari Wilkinson said.
  • “With the keel officially laid on LPD 31, Mrs. Urban continues to be woven even more into the fabric of this ship and our shipbuilding family.

APi Group Announces Participation in Upcoming Investor Conferences

Retrieved on: 
Friday, June 2, 2023

APi Group Corporation (NYSE: APG) (“APG”, “APi” or the “Company”) today announced that its senior leadership will be participating in a fireside chat during the UBS 2023 Global Industrials and Transportation Conference on Tuesday, June 6th at 10:30 a.m.

Key Points: 
  • APi Group Corporation (NYSE: APG) (“APG”, “APi” or the “Company”) today announced that its senior leadership will be participating in a fireside chat during the UBS 2023 Global Industrials and Transportation Conference on Tuesday, June 6th at 10:30 a.m.
  • A live webcast link and archived replay of will be available in the “Events” area on the Investor Relations page of APi’s website at www.apigroupcorp.com .
  • Interested parties should check the Company’s website for any schedule updates or time changes.
  • Additionally, the Company’s senior leadership will be participating in the Baird 2023 Global Consumer, Technology & Services Conference on Wednesday, June 7th.

Why UK inflation is so high compared to EU and US and what to do about it

Retrieved on: 
Friday, June 2, 2023

The latest official UK inflation figures show UK price rises have slowed from double digits to 8.7% for the 12 months to April 2023.

Key Points: 
  • The latest official UK inflation figures show UK price rises have slowed from double digits to 8.7% for the 12 months to April 2023.
  • The UK rate is also nearly double the equivalent US rate and significantly higher than the eurozone’s 7% rate of inflation for April, which slowed to 6.1% for May.
  • EU countries and the UK struggled with dramatically rising energy prices due to Russia’s war in Ukraine.
  • This is why an oversized financial sector creates headaches for the Bank of England when it tries to tackle inflation.

The UK’s industrial past

    • Science-based industries, such as electronics, computers and engineering were also taking off in the UK, and the country benefited from this third technology revolution.
    • By 2011 around 80% of British workers were in service industries and only 10% in manufacturing.
    • For example, the City has sucked the best-educated people out of other regions and careers and into high-salaried London-based jobs.
    • Read more:
      Bank of England interest rate rise: why this could be the last increase for a while

Tackling ‘stubborn’ inflation

    • The bank has spoken about the difficulties it has faced in anticipating the recent rise and persistence of inflation.
    • But advancements in statistical techniques and computation power have improved the ability to forecast inflation.
    • Brexit, coupled with the oversized UK financial sector, makes the Bank of England’s job of controlling inflation so much harder.

Industrias Unidas, S.A. de C.V. Consolidated Results of Operations for Q1 2023

Retrieved on: 
Thursday, June 1, 2023

Our consolidated net income for the first three months ended March 31, 2023, was Ps.1,111.5 million (US$61.7 million), compared to a net income of Ps.840.1 million in the same period of 2022.

Key Points: 
  • Our consolidated net income for the first three months ended March 31, 2023, was Ps.1,111.5 million (US$61.7 million), compared to a net income of Ps.840.1 million in the same period of 2022.
  • Our net revenues for the first three months of 2023 decreased 6.7% to Ps.7,240.6 million (US$401.8 million) from Ps.7,756.7 million in the same period of 2022.
  • This decrease was the result mainly of the copper price reduction of 10% compared to the same period of the previous year.
  • Our sales are primarily to customers engaged in commercial, industrial and residential construction, and their related maintenance and renovation activities.

MEC Named #1 Fabricator in U.S. For 13th Consecutive Year

Retrieved on: 
Thursday, June 1, 2023

Mayville Engineering Company (NYSE: MEC) (the “Company” or “MEC”), a leading value-added provider of design, prototyping and manufacturing solutions serving diverse end markets, today announced that the Company has been named as the nation’s largest fabricator by the Fabricator Magazine for the thirteenth consecutive year.

Key Points: 
  • Mayville Engineering Company (NYSE: MEC) (the “Company” or “MEC”), a leading value-added provider of design, prototyping and manufacturing solutions serving diverse end markets, today announced that the Company has been named as the nation’s largest fabricator by the Fabricator Magazine for the thirteenth consecutive year.
  • “We are honored to be named the #1 domestic fabricator for another consecutive year,” said Jag Reddy, President & CEO.
  • “This recognition is a testament to our consistent track record of commercial growth, operational excellence and proven ability to drive innovation through close customer collaboration.
  • “During the last four years, we’ve allocated more than $50 million toward profitability-enhancing initiatives, investments that include our state-of-the-art facility in Hazel Park, Michigan, which launched earlier this year.

Global Metal Matrix Composite Market Report 2023: Sector is Expected to Reach $735.8 Million by 2028 at a CAGR of 7.08% - ResearchAndMarkets.com

Retrieved on: 
Thursday, June 1, 2023

Metal matrix composites (MMCs) are composite materials, such as metals, alloys, or intermetallic compounds, which are incorporated with various particulates, whiskers or continuous fibers.

Key Points: 
  • Metal matrix composites (MMCs) are composite materials, such as metals, alloys, or intermetallic compounds, which are incorporated with various particulates, whiskers or continuous fibers.
  • They are manufactured by stacking and bonding alternative layers of metals or alloys to enhance the toughness and damage tolerance.
  • They are designed to offer various benefits, such as improving strength, enhancing wear and creep resistance, increasing damping, and reducing thermal expansion.
  • Our report has categorized the market based on type, reinforcement material, reinforcement type, production technology, and end use industry.

ERIKS North America Appoints Mike Deery as Vice President/General Manager of Western Region

Retrieved on: 
Thursday, June 1, 2023

ERIKS North America (ERIKS NA), a leading distributor of industrial solutions, is pleased to announce the appointment of Mike Deery as Vice President/General Manager of its West Region.

Key Points: 
  • ERIKS North America (ERIKS NA), a leading distributor of industrial solutions, is pleased to announce the appointment of Mike Deery as Vice President/General Manager of its West Region.
  • In this role, Mike will lead our sales team in the Western part of the United States and focus on driving growth for the organization.
  • "We are thrilled to welcome Mike to the ENA team as the Region VP/GM for the West Region," said Jeff Crane, CEO of ERIKS North America.
  • Commenting on his new position, Mike said, “I’m looking forward to focusing on ERIKS North America’s West Region and continuing the organization’s focus on growth and commitment to customers.”
    ERIKS North America is proud to welcome Mike Deery to the team and looks forward to his contributions in his new role as Vice President/General Manager of our West Region.

NUBURU and GE Additive Sign Joint Development Agreement

Retrieved on: 
Thursday, June 1, 2023

NUBURU, Inc. (“NUBURU” or the “Company”) (NYSE American: BURU), a leading innovator in high-power and high-brightness industrial blue laser technology, today announced that it has signed a joint technology agreement with GE Additive, to explore the speed, accuracy, and commercial benefits of blue laser-based metal 3D printing.

Key Points: 
  • NUBURU, Inc. (“NUBURU” or the “Company”) (NYSE American: BURU), a leading innovator in high-power and high-brightness industrial blue laser technology, today announced that it has signed a joint technology agreement with GE Additive, to explore the speed, accuracy, and commercial benefits of blue laser-based metal 3D printing.
  • Working with GE Additive, and their expertise in metal additive manufacturing, will allow us to rapidly optimize our innovative area printing approach.
  • GE Additive will provide a powder bed system and expertise in the integration and characterization of this next generation prototype light engine, to quantify the performance improvements over existing technology.
  • This joint development agreement is in addition to an agreement with GE Additive to support NUBURU’s previously announced AFWERX Small Business Innovation Research (SBIR) Phase II contract awarded to NUBURU in 2022.

Arconic Presents 2030 Sustainability Goals, Launches REAL Commitment Campaign, and Publishes 2022 Sustainability Report

Retrieved on: 
Thursday, June 1, 2023

Leading aluminum sheet, plate, extrusions, and architectural products manufacturer Arconic Corporation (NYSE: ARNC) (“Arconic” or the “Company”) announced the details of its 2030 Sustainability Goals along with a campaign that will highlight the Company’s commitment and progress toward its sustainability agenda.

Key Points: 
  • Leading aluminum sheet, plate, extrusions, and architectural products manufacturer Arconic Corporation (NYSE: ARNC) (“Arconic” or the “Company”) announced the details of its 2030 Sustainability Goals along with a campaign that will highlight the Company’s commitment and progress toward its sustainability agenda.
  • The percentage of salaried women at Arconic reached 31% last year, which is high for companies in our industry.
  • With its sustainable and high-performing characteristics, aluminum is an essential part of everyday life,” said Lauren Wilk, Vice President, Government Affairs and Sustainability at Arconic.
  • The Company’s 2022 Sustainability Report is also published on the Company’s website at https://www.arconic.com/sustainability-report .