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L.B. Foster Announces Track Components Business Divestiture

Retrieved on: 
Friday, August 5, 2022

Foster Company (Nasdaq: FSTR Company), a global solutions provider of products and services for the rail and infrastructure markets, today announced the sale of its rail spikes and anchors track components business located in St-Jean-sur-Richelieu, Quebec, Canada (the Business) to Gerdau Ameristeel Corporation located in Whitby, Ontario, Canada (Gerdau).

Key Points: 
  • Foster Company (Nasdaq: FSTR Company), a global solutions provider of products and services for the rail and infrastructure markets, today announced the sale of its rail spikes and anchors track components business located in St-Jean-sur-Richelieu, Quebec, Canada (the Business) to Gerdau Ameristeel Corporation located in Whitby, Ontario, Canada (Gerdau).
  • Revenues from the divested Business totaled approximately US $14 million for the trailing-twelve-months ended June 30, 2022.
  • John Kasel, the Companys President and Chief Executive Officer, commented, The sale of the track components business represents another accomplishment along our strategic transformation journey.
  • Were pleased with the outcome of the process and satisfied that the business will be operated by a well-respected industry player.

L.B. Foster Announces Two UK-Based Rail Technologies Acquisitions

Retrieved on: 
Monday, August 1, 2022

Foster designs, develops, manufactures, and installs a range of mobile, wireless, and digital customer information signage systems for use in railway stations and airports.

Key Points: 
  • Foster designs, develops, manufactures, and installs a range of mobile, wireless, and digital customer information signage systems for use in railway stations and airports.
  • Foster that can be leveraged in both the rail space and adjacent retail markets.
  • Skratch has established a unique market position, offering a single-point supply solution model for clients, and enabling large scale deployments.
  • Foster Company commented, These acquisitions fit neatly into the growth strategy L.B.

L.B. Foster Announces the Appointment of Raymond T. Betler as Chairman of the Board of Directors

Retrieved on: 
Wednesday, June 15, 2022

Foster Company (NASDAQ: FSTR), a leading manufacturer and distributor of products and provider of services for transportation and energy infrastructure, announced today that Raymond T. Betler has been appointed as the Chairman of the Companys Board of Directors effective June 2, 2022.

Key Points: 
  • Foster Company (NASDAQ: FSTR), a leading manufacturer and distributor of products and provider of services for transportation and energy infrastructure, announced today that Raymond T. Betler has been appointed as the Chairman of the Companys Board of Directors effective June 2, 2022.
  • Mr. Betler was previously appointed to the Board of Directors on August 3, 2020, where he brought a wide range of knowledge and skills to the board.
  • Foster II as Chairman of the Board of Directors for L.B.
  • His long history of board and operational leadership makes him a perfect fit for the role of Chairman.

L.B. Foster Awarded ISN RAVS Plus® Demonstrating our Culture of Health & Safety

Retrieved on: 
Thursday, June 2, 2022

Foster Company(NASDAQ: FSTR), a leader in rail technologies and services, has been awarded the RAVS Plus recognition by ISNetworld (ISN), one of the largest global safety compliance groups.

Key Points: 
  • Foster Company(NASDAQ: FSTR), a leader in rail technologies and services, has been awarded the RAVS Plus recognition by ISNetworld (ISN), one of the largest global safety compliance groups.
  • Participation in the RAVS Plus program is by invitation only and recognizes a company for outstanding commitment to safety.
  • Requested on behalf of Class I rail and several industrial customers, earning RAVS Plus illustrates that L.B.
  • Foster is proud to have been awarded ISNetworlds RAVS Plus designation for safety practices, and assuring our customers that we are delivering safe on-site services, said Greg Lippard, Sr. VP - Rail.

Fundex Equipment to Offer Trimble Groundworks Machine Control System for Piling Rig Guidance

Retrieved on: 
Friday, July 30, 2021

SUNNYVALE, Calif. and GOES, The Netherlands, July 30, 2021 /PRNewswire/ -- Trimble (NASDAQ:TRMB) and Fundex Equipment announced today the availability of the Trimble Groundworks Machine Control System for piling machine guidance as an option on Fundex Equipment foundation machines.

Key Points: 
  • SUNNYVALE, Calif. and GOES, The Netherlands, July 30, 2021 /PRNewswire/ -- Trimble (NASDAQ:TRMB) and Fundex Equipment announced today the availability of the Trimble Groundworks Machine Control System for piling machine guidance as an option on Fundex Equipment foundation machines.
  • "Trimble Groundworks increases the value of our equipment for our customers," said Anton Hectors, manager E-systems, Fundex Equipment.
  • "Thanks to integration of the machine control system with our Fundex Equipment foundation machines, operators can drive piles more efficiently and with higher quality."
  • "Trimble Groundworks technology on Fundex Equipment Foundation machines will enable our customers to maximize piling productivity and safety to new levels, with a reliable and accurate workflow."

SOL Components Serves as Key Supplier For 213MW PV Project

Retrieved on: 
Thursday, April 22, 2021

The project utilizes solar PV to replace electricity capacity previously provided by a nuclear power plant that ceased operation in 1989.\nSOL Components\xe2\x80\x99 roll-formed steel components support more than 500,000 solar panels at the site, which is one of the largest ground mounted fixed-tilt solar PV projects in the western United States.

Key Points: 
  • The project utilizes solar PV to replace electricity capacity previously provided by a nuclear power plant that ceased operation in 1989.\nSOL Components\xe2\x80\x99 roll-formed steel components support more than 500,000 solar panels at the site, which is one of the largest ground mounted fixed-tilt solar PV projects in the western United States.
  • SOL Components was selected to support the project because of its expertise with utility-scale solar projects, and the benefits and advantages of their end-to-end PV structural systems.
  • SOL Components\xe2\x80\x99 light gauge roll-formed steel piles and racking components reduce overall steel weight while providing optimum structural integrity, which greatly reduced the developer\xe2\x80\x99s racking costs.
  • Leveraging over 40 years in steel manufacturing and an in-house engineering department that works directly with owners, designers, and contractors to facilitate efficient project execution, the SOL Components team has the experience to deliver the project on time and under budget.

InventHelp Inventor Develops Convenient Device to Contain a Pile of Leaves (CCP-1652)

Retrieved on: 
Tuesday, April 13, 2021

My design eliminates the hassle of repeatedly raking the same pile of leaves.

Key Points: 
  • My design eliminates the hassle of repeatedly raking the same pile of leaves.
  • "\nThe invention provides an effective way to contain raked leaves until collected.
  • The invention features a practical design that is easy to apply and use so it is ideal for households and landscapers.
  • Additionally, it is producible in design variations and a prototype is available.\nThe original design was submitted to the Chicago sales office of InventHelp.

ASAP Group Has Been Acquired By Terratest International In Their Continuous Expansion In North America

Retrieved on: 
Thursday, April 8, 2021

MIAMI, April 8, 2021 /PRNewswire/ -- We are pleased to announce that ASAP Group has been acquired by Terratest Group as part of a solid expansion into the North American market.

Key Points: 
  • MIAMI, April 8, 2021 /PRNewswire/ -- We are pleased to announce that ASAP Group has been acquired by Terratest Group as part of a solid expansion into the North American market.
  • ASAP Group includes ASAP Installations, ASAP Specialty Foundations, Tampa Bay Equipment and Florida Sheet Piling.
  • ASAP Group in Florida will join GeoStructures, Inc., a leader in ground improvement, support of excavation and earth structures technology as Terratest companies.
  • It is an exciting time and we can expect a great future for ASAP Group, GeoStructures & Terratest.

Global Piling Machine Market Growth & Analysis to 2027 - Rapid Industrialization and Growing Commercial and Residential Construction Activities Fueling Market Growth - ResearchAndMarkets.com

Retrieved on: 
Monday, March 8, 2021

Rapid industrialization, coupled with growing commercial and residential construction activities, is fuelling the market growth.

Key Points: 
  • Rapid industrialization, coupled with growing commercial and residential construction activities, is fuelling the market growth.
  • The global piling machine market is poised to accumulate around USD 7.15 Billion by 2027.
  • Stringent government norms against construction noise and vibration in residential areas have encouraged manufacturers to develop low-noise piling machines.
  • The North American piling machine market is the leading regional segment, with the U.S. as the key growth engine.

China Prestressed Concrete Pile Market Analysis, Forecast, Size, Trends and Insights Report 2021 - ResearchAndMarkets.com

Retrieved on: 
Monday, February 8, 2021

The "China - Prestressed Concrete Pile - Market Analysis, Forecast, Size, Trends and Insights" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "China - Prestressed Concrete Pile - Market Analysis, Forecast, Size, Trends and Insights" report has been added to ResearchAndMarkets.com's offering.
  • The report provides an in-depth analysis of the prestressed concrete pile market in China.
  • It presents the latest data of the market size and volume, exports and imports, price dynamics and turnover in the industry.
  • Prestressed concrete pile market trends, drivers and restraints