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Fonon Corporation Highlights Applications for Its Laser Cutting Technology in Agricultural Equipment Manufacturing

Retrieved on:

Friday, May 3, 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 Titan laser cutting technologies in agricultural equipment manufacturing.

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 Titan laser cutting technologies in agricultural equipment manufacturing.
In agricultural equipment fabrication, where every penny counts, laser cutting machines are an investment in precision and efficiency.
Fonon’s precision metal cutting solution, the Titan FX Laser Cutting System, is a game changer for agricultural equipment manufacturing.
The Titan series high power fiber laser cutting system is designed to consistently meet the high demands of agricultural equipment producers.

Industrias Unidas, S.A. de C.V. Consolidated Audited Results of Operations for Q4 2023

Retrieved on:

Friday, May 3, 2024

HVAC, Other Manufacturing, Manufacturing, HVACR, Depreciation, Alloy, Heat, Air conditioning, Income tax, Water, Retail

Our consolidated net income for the twelve months ended December 31, 2023, was Ps.2,451.1 million (US$144.5 million), compared to a net income of Ps.2,863.9 million in the same period of 2022, a 14.4% reduction.

Key Points:

Our consolidated net income for the twelve months ended December 31, 2023, was Ps.2,451.1 million (US$144.5 million), compared to a net income of Ps.2,863.9 million in the same period of 2022, a 14.4% reduction.
Our net revenues for the twelve months of 2023 decreased 10.0% to Ps.27,149.3 million (US$1,600.2 million) from Ps.
Our selling and administrative expenses in the twelve months ended December 31, 2023, increased 12.7% to Ps.
The corresponding depreciation and amortization figures are Ps.337.7 million for January to December 2023 and Ps.358.8 million for the same period of 2022.

GENESIS REVEALS U.S. PRICING FOR NEW 2025 GV80 SUV

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Friday, May 3, 2024

Slate, Nappa, ECS, V6, MSRP, Map, Isle, OTA, MLA, Active suspension, Genesis, AWD, Smartphone, OLED, Third, Shades of gray, Alloy, USB

Redesigned GV80 elevates the driving experience for both drivers and passengers with new enhancements, design updates and technologies

Key Points:

Redesigned GV80 elevates the driving experience for both drivers and passengers with new enhancements, design updates and technologies
FOUNTAIN VALLEY, Calif., May 3, 2024 /PRNewswire/ -- Genesis today announced U.S. pricing for the new 2025 GV80 SUV.
"The 2025 GV80 brings a new level of elevated cabin experience to the Genesis SUV lineup, making all occupants feel like honored guests," said Claudia Marquez, chief operating officer of Genesis Motor North America.
The 2025 GV80 2.5T is available in four additional trims: 2.5T AWD, 2.5T Select AWD, 2.5T Advanced AWD and 2.5T Prestige AWD.
The 2025 GV80 2.5T Standard AWD and 2025 GV80 2.5T Select AWD will be available this summer.

Nanofibers Industry Poised for Exponential Growth: 26% CAGR Anticipated from 2023 to 2028

Retrieved on:

Thursday, May 2, 2024

Ceramic, Nanofiber, Filtration, Investment, Glass, Key market, Metal, International finance, Transport, Semiconductor, Carbon, Food industry, Polymer, Tissue engineering, Electronics, Regenerative medicine, Alloy, Growth, Row

BOSTON, May 2, 2024 /PRNewswire/ -- According to the latest BCC Research study, the demand for Global Markets and Technologies for Nanofibers is growing from $2.9 billion in 2023 to $9.4 billion by the end of 2028, at a compound annual growth rate (CAGR) of 26.0% from 2023 through 2028."

Key Points:

Applications: Nanofibers find diverse uses across industries, from life sciences to transportation, contributing to advancements in tissue engineering, filtration, energy storage, electronics, and sensing technologies.
Regions: The global nanofiber market sees significant activity in North America, Europe, Asia-Pacific, and emerging markets worldwide, driving innovation and adoption.
The global market for nanofibers is projected to grow from $2.4 billion in 2022 to $9.4 billion in 2028 at a compound annual growth rate (CAGR) of 26.0% during the forecast period.
The key factors driving the growth of the nanofibers market include:
Advances in the life science sector.

JR Machine Secures Strategic Investment from Schneider Resources Holding to Launch Expansion

Retrieved on:

Wednesday, May 1, 2024

Organization, CNC, SRH, Shawano Community High School, AS9100, Partnership, ISO, History, Engineering, Alloy, Name, Boy, ITAR, Inconel, Fourth Industrial Revolution, Growth, DMG, Renewable energy

SHAWANO, Wis., May 1, 2024 /PRNewswire/ -- JR Machine, a distinguished contract manufacturer specializing in complex machined parts, has announced a significant boost to its capital through a partnership with Schneider Resources Holding (SRH).

Key Points:

SHAWANO, Wis., May 1, 2024 /PRNewswire/ -- JR Machine, a distinguished contract manufacturer specializing in complex machined parts, has announced a significant boost to its capital through a partnership with Schneider Resources Holding (SRH).
SRH, a family-owned private investor, is now a majority equity member in JR Machine.
The investment from SRH positions JR Machine to grow in tandem with its customers as these markets, including space travel, continue to evolve.
With support from SRH, JR Machine plans to further invest in cutting-edge equipment, adopt new technologies, and explore potential complementary acquisitions.

EQS-News: AMAG Austria Metall AG: Challenging environment influences quarterly result

Retrieved on:

Friday, May 3, 2024

AMAG Austria Metall AG, Depreciation, Mystic Prophecy, EUR, Tax, AMAG, GDP, CRU, Metal, Alloy, Recycling, Lithium

Compared to the same quarter of the previous year, Q1/2023, however, the significantly gloomier economic environment, especially in Europe, was reflected.

Key Points:

Compared to the same quarter of the previous year, Q1/2023, however, the significantly gloomier economic environment, especially in Europe, was reflected.
At EUR 335.8 million, the AMAG Group's revenue primarily reflects the lower aluminium price level and the lower shipment volumes (Q1/2023: EUR 404.8 million).
The Metal Division generated EBITDA of EUR 17.2 million in the first quarter of 2024 (Q1/2023: EUR 18.4 million), which is still well above the average quarterly result of recent years.
Dr. Helmut Kaufmann, CEO of AMAG: "Overall, we can look back on a challenging first quarter of 2024.

Kaiser Aluminum Corporation Reports First Quarter 2024 Financial Results

Retrieved on:

Wednesday, April 24, 2024

Table, Central Time, Treasury, Kaiser, Depreciation, News, Pacific Ocean, Security (finance), Webcast, Culture, EPS, Cost, Eastern Time Zone, Bank statement, Alloy, ID, GAAP, Growth

FRANKLIN, Tenn., April 24, 2024 (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (NASDAQ:KALU), a leading producer of semi-fabricated specialty aluminum products serving customers worldwide with highly-engineered solutions for aerospace and high-strength, packaging, general engineering, automotive extrusions, and other industrial applications, today announced first quarter 2024 results.

Key Points:

Conversion revenue for the first quarter 2024 was $367 million, reflecting a 1% decrease compared to the prior year period.
Adjusted net income per diluted share was $1.02 for the first quarter 2024, compared to adjusted net income per diluted share of $0.42 for the first quarter 2023.
Adjusted EBITDA of $62 million in the first quarter 2024 increased $16 million compared to the prior year period and increased $11 million compared to the fourth quarter 2023.
Kaiser Aluminum Corporation will host a conference call on Thursday, April 25, 2024, at 10:00 am (Eastern Time); 9:00 am (Central Time); 7:00 am (Pacific Time), to discuss its first quarter 2024 results.

Silver Industrial Demand Rose 11 Percent to Post A New Record in 2023

Retrieved on:

Wednesday, April 17, 2024

Jewellery, Silver, Growth, Survey, Electronics, EO, Alloy, Moz, Ethylene oxide, Value-added tax, Palladium

Overall, silver demand exceeded silver supply in 2023 for the third consecutive year, resulting in a structural market deficit of 184.3 Moz.

Key Points:

Overall, silver demand exceeded silver supply in 2023 for the third consecutive year, resulting in a structural market deficit of 184.3 Moz.
These and many other key aspects of the 2023 silver market are examined in World Silver Survey 2024, released today by the Silver Institute.
Some of the key findings include:
Total silver demand saw a decline of 7 percent to 1,195 Moz in 2023; however, this was coming off a record 2022.
Chinese silver industrial demand rose by a remarkable 44 percent to 261.2 Moz, primarily due to growth for green applications, chiefly PV.

Lincoln Electric Announces May 2024 Events with the Financial Community

Retrieved on:

Friday, April 26, 2024

Lincoln Electric Holdings, Inc., (Nasdaq: LECO) today announced its participation in the following upcoming events with the financial community in the month of May:

Key Points:

Lincoln Electric Holdings, Inc., (Nasdaq: LECO) today announced its participation in the following upcoming events with the financial community in the month of May:
The presentation at the Oppenheimer event will be webcast and can be accessed, along with the replay, on our Investor Relations web site at https://ir.lincolnelectric.com .
Lincoln Electric is the world leader in the engineering, design, and manufacturing of advanced arc welding solutions, automated joining, assembly and cutting systems, plasma and oxy-fuel cutting equipment, and has a leading global position in brazing and soldering alloys.
Lincoln is recognized as the Welding Expert™ for its leading materials science, software development, automation engineering, and application expertise, which advance customers’ fabrication capabilities to help them build a better world.
For more information about Lincoln Electric and its products and services, visit the Company’s website at https://www.lincolnelectric.com .

Lincoln Electric Board Declares Dividend

Retrieved on:

Thursday, April 18, 2024

Lincoln Electric Holdings, Inc., (Nasdaq: LECO) announced today that its Board of Directors has declared a quarterly cash dividend of $0.71 per common share, payable July 15, 2024, to shareholders of record as of June 30, 2024.

Key Points:

Lincoln Electric Holdings, Inc., (Nasdaq: LECO) announced today that its Board of Directors has declared a quarterly cash dividend of $0.71 per common share, payable July 15, 2024, to shareholders of record as of June 30, 2024.
Lincoln Electric is the world leader in the engineering, design, and manufacturing of advanced arc welding solutions, automated joining, assembly and cutting systems, plasma and oxy-fuel cutting equipment, and has a leading global position in brazing and soldering alloys.
Lincoln is recognized as the Welding Expert™ for its leading materials science, software development, automation engineering, and application expertise, which advance customers’ fabrication capabilities to help them build a better world.
For more information about Lincoln Electric and its products and services, visit the Company’s website at https://www.lincolnelectric.com .