Welding

Alleima unveils new alloy designed specifically for subsea umbilicals

Retrieved on: 
Tuesday, February 27, 2024

SANDVIKEN, Sweden, Feb. 27, 2024 /PRNewswire/ -- Alleima is a global manufacturer of high value-added products in advanced stainless steels and special alloys. Since the 1960s, the company has been at the forefront of developing modern duplex grades and now offers a broad portfolio.

Key Points: 
  • SAF™ 3007 is the latest addition to the growing duplex family of Alleima, a super-duplex stainless steel grade developed for subsea umbilicals.
  • SANDVIKEN, Sweden, Feb. 27, 2024 /PRNewswire/ -- Alleima is a global manufacturer of high value-added products in advanced stainless steels and special alloys.
  • The new tube product represents the next generation of super-duplex seamless tubing developed specifically for the offshore oil and gas industry.
  • In the mid-1990s, Alleima pioneered the utilization of high alloy SAF™ 2507 as a groundbreaking alternative to thermoplastic subsea umbilical tubing.

Get There: Governor Ron DeSantis Announces $25 Million for Workforce Development Initiatives

Retrieved on: 
Monday, February 26, 2024

TALLAHASSEE, Fla., Feb. 26, 2024 /PRNewswire/ -- Governor Ron DeSantis announced an investment of nearly $25 million from the Workforce Development Capitalization Incentive Grant Program to either create or expand 19 programs dedicated to strengthening workforce development across Florida.

Key Points: 
  • TALLAHASSEE, Fla., Feb. 26, 2024 /PRNewswire/ -- Governor Ron DeSantis announced an investment of nearly $25 million from the Workforce Development Capitalization Incentive Grant Program to either create or expand 19 programs dedicated to strengthening workforce development across Florida.
  • "In Florida we have become the number one state in the nation for talent development by making strategic investments in our workforce," said Governor Ron DeSantis.
  • This $25 million investment is part of the $100 million allocated in August to the Workforce Development Capitalization Incentive Grant Program.
  • Earlier this month, Governor DeSantis and Commissioner Diaz announced an additional $22 million in funding for workforce related initiatives and $35 million in funding under the same grant specific to the growth of Florida's semiconductor industry.

Schaeffler Announces New Automotive Manufacturing Facility

Retrieved on: 
Monday, February 26, 2024

Planned Investment of over USD 230 million in state-of-the-art manufacturing facility and future expansion in Ohio, USA until 2032

Key Points: 
  • Planned Investment of over USD 230 million in state-of-the-art manufacturing facility and future expansion in Ohio, USA until 2032
    HERZOGENAURACH, Germany and FORT MILL, S.C., Feb. 26, 2024 /PRNewswire/ -- Global motion technology company Schaeffler announces the expansion of its operations in the U.S. with the addition of a new manufacturing facility focused on producing automotive electric mobility solutions.
  • These jobs will lead to growth at the company's current facility in Wooster, Ohio, and the new manufacturing facility in Dover.
  • Once complete, the first phase of the facility will boast roughly 130,000 square feet of advanced manufacturing space dedicated to electric mobility solutions for the automotive industry.
  • The new manufacturing facility location is in the proximity of Schaeffler's customers, major automotive OEMs, strategic suppliers, rail, access to highways and to the company's Wooster facility, which specializes in the manufacturing of transmission systems and serves as an innovation hub for automotive electric mobility.

Tractor Supply and Carhartt Make $150,000 Donation to Support Skilled Workforce Development

Retrieved on: 
Thursday, February 15, 2024

Tractor Supply Company (NASDAQ: TSCO ), the largest rural lifestyle retailer in the United States, the Tractor Supply Company Foundation and Carhartt, America’s premium workwear brand, today announced a $150,000 donation to SkillsUSA to support its work preparing students for in-demand careers in the skilled trades.

Key Points: 
  • Tractor Supply Company (NASDAQ: TSCO ), the largest rural lifestyle retailer in the United States, the Tractor Supply Company Foundation and Carhartt, America’s premium workwear brand, today announced a $150,000 donation to SkillsUSA to support its work preparing students for in-demand careers in the skilled trades.
  • Tractor Supply and Carhartt representatives presented the donation during SkillsUSA Week, a nationwide event that provides state associations, advisors and student members the opportunity to promote SkillsUSA programs and activities at the local and state levels.
  • View the full release here: https://www.businesswire.com/news/home/20240215307711/en/
    Tractor Supply and Carhartt Make $150,000 Donation to Support Skilled Workforce Development (Photo: Business Wire)
    “The Support the Trades fundraiser, which aligns with our core values and commitment to supporting Life Out Here, has been impactful in so many ways.
  • “We’re proud to continue working alongside Tractor Supply in support of SkillsUSA’s mission to develop the workforce and attract students to careers in the skilled trades,” said Susan Hennike, chief brand officer for Carhartt.

Vishay Intertechnology 30 V N-Channel MOSFET With Source Flip Technology Delivers Best in Class RDS(ON) Down to 0.71 mΩ in PowerPAK® 1212-F

Retrieved on: 
Wednesday, February 14, 2024

Featuring source flip technology in the 3.3 mm by 3.3 mm PowerPAK® 1212-F package, the Vishay Siliconix SiSD5300DN provides best in class on-resistance of 0.71 mΩ at 10 V and on-resistance times gate charge — a critical figure of merit (FOM) for MOSFETs used in switching applications — of 42 mΩ*nC.

Key Points: 
  • Featuring source flip technology in the 3.3 mm by 3.3 mm PowerPAK® 1212-F package, the Vishay Siliconix SiSD5300DN provides best in class on-resistance of 0.71 mΩ at 10 V and on-resistance times gate charge — a critical figure of merit (FOM) for MOSFETs used in switching applications — of 42 mΩ*nC.
  • Occupying the same footprint as the PowerPAK 1212-8S, the device released today offers 18 % lower on-resistance to increase power density, while its source flip technology reduces thermal resistance by 63 °C/W to 56 °C/W.
  • PowerPAK 1212-F source flip technology reverses the usual proportions of the ground and source pads, extending the area of the ground pad to provide a more efficient thermal dissipation path and thus promoting cooler operation.
  • At the same time, the PowerPAK 1212-F minimizes the extent of the switching area, which helps to reduce the impact of trace noise.

Tractor Supply Kicks off Ninth Annual Grants for Growing Fundraiser to Benefit FFA

Retrieved on: 
Wednesday, February 14, 2024

Tractor Supply Company (NASDAQ: TSCO ), the largest rural lifestyle retailer in the United States, announced today the launch of its ninth annual Grants for Growing fundraiser to support FFA chapters across the country.

Key Points: 
  • Tractor Supply Company (NASDAQ: TSCO ), the largest rural lifestyle retailer in the United States, announced today the launch of its ninth annual Grants for Growing fundraiser to support FFA chapters across the country.
  • View the full release here: https://www.businesswire.com/news/home/20240214174914/en/
    Tractor Supply Kicks Off Ninth Annual Grants for Growing Fundraiser to Benefit FFA (Photo: Business Wire)
    "Tractor Supply is honored to partner with FFA as we host our 9th bi-annual Grants for Growing fundraiser," said Kimberley Gardiner, chief marketing officer at Tractor Supply.
  • The 2023 Grants for Growing fundraiser generated more than $1 million, funding 222 grants during the 2023-24 school year.
  • Tractor Supply additionally supports FFA through its annual T-shirt fundraiser to benefit Living to Serve, Alumni Legacy Grants, New Farmers of America Archives and Give the Gift of Blue programs.

Swinerton Takes Strides to Foster Sustainable Energy Future with Nationwide Focus on Renewable Natural Gas Projects

Retrieved on: 
Tuesday, February 13, 2024

DENVER, Feb. 13, 2024 /PRNewswire-PRWeb/ -- Swinerton Energy, Inc. (Swinerton Energy), a subsidiary of Swinerton Incorporated, is taking decisive steps in its commitment to combat greenhouse gas emissions through its expanding nationwide portfolio of renewable natural gas (RNG) projects and services. The firm's innovative approach blends design-build proficiency, self-perform delivery capabilities, and Public-Private Partnerships to revolutionize the growing renewable natural gas market.

Key Points: 
  • DENVER, Feb. 13, 2024 /PRNewswire-PRWeb/ -- Swinerton Energy, Inc. ( Swinerton Energy ), a subsidiary of Swinerton Incorporated, is taking decisive steps in its commitment to combat greenhouse gas emissions through its expanding nationwide portfolio of renewable natural gas (RNG) projects and services.
  • The firm's innovative approach blends design-build proficiency, self-perform delivery capabilities, and Public-Private Partnerships to revolutionize the growing renewable natural gas market.
  • "With Swinerton Energy, we aren't simply constructing or retrofitting facilities," says Aaron Townsend, Swinerton Energy President.
  • "For nearly 20 years, Swinerton has been committed to advancing a sustainable future from renewable energy solar fields to mass timber construction.

LCN Capital Partners Purchases Lincoln Educational Services Corporation's New School Campus in the Philadelphia Metropolitan Area

Retrieved on: 
Tuesday, February 13, 2024

NEW YORK, Feb. 13, 2024 /PRNewswire/ -- LCN Capital Partners ("LCN"), a recognized leader in the primary sale-leaseback and build-to-suit market, has reached an agreement with Lincoln Educational Services Corporation ("Lincoln Tech") to purchase Lincoln Tech's Levittown, PA campus.

Key Points: 
  • NEW YORK, Feb. 13, 2024 /PRNewswire/ -- LCN Capital Partners ("LCN"), a recognized leader in the primary sale-leaseback and build-to-suit market, has reached an agreement with Lincoln Educational Services Corporation ("Lincoln Tech") to purchase Lincoln Tech's Levittown, PA campus.
  • Simultaneously, LCN leased the property back to Lincoln under a 20-year absolute triple-net lease.
  • It will replace Lincoln Tech's existing campus in Philadelphia and expand the school's areas of study to include HVAC, welding, electrical, and automotive technology.
  • Jared Ciejek, Partner at LCN, said: "We are pleased to partner once again with Lincoln Tech as it expands its Philadelphia presence by relocating to a larger and more modern suburban campus.

IPG Photonics Announces Fourth Quarter 2023 Financial Results

Retrieved on: 
Tuesday, February 13, 2024

MARLBOROUGH, Mass. , Feb. 13, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (Nasdaq: IPGP) today reported financial results for the fourth quarter ended December 31, 2023.

Key Points: 
  • "Fourth quarter revenue came in at the top of our expectations with higher sales in welding, cleaning, 3D printing and medical applications.
  • "In 2023, we focused on diversifying and growing our revenue outside of flat sheet cutting and away from China.
  • Fourth quarter revenue of $299 million decreased 10% year over year.
  • During the fourth quarter, IPG generated $106 million in cash from operations, and spent $25 million on capital expenditures and $64 million on share repurchases.

Global Welding Guns and Torches Market Outlook & Forecasts 2023-2028 Featuring Key Vendors - ESAB, Fronius International, Illinois Tool Works, Lincoln Electric, and Panasonic Connect - ResearchAndMarkets.com

Retrieved on: 
Wednesday, February 7, 2024

Major players in the worldwide welding guns and torches market are ESAB, Fronius International, Illinois Tool Works, Lincoln Electric, and Panasonic Connect, which act as dominant forces in the industry.

Key Points: 
  • Major players in the worldwide welding guns and torches market are ESAB, Fronius International, Illinois Tool Works, Lincoln Electric, and Panasonic Connect, which act as dominant forces in the industry.
  • The Asia Pacific region dominated the global welding guns and torches market share in 2022, responsible for over 37% of the total revenue.
  • Advanced welding processes are a significant phenomenon driving the growth of the welding guns and torches market.
  • The global welding guns and torches market is highly diverse and segmented, with various types of equipment tailored to different welding processes.