Economic taxonomy

Narae Special Vehicle Truck, a Korean Special-Purpose Vehicle & Trucks Manufacturer, is Expanding Abroad

Retrieved on: 
Wednesday, July 21, 2021
Trucks, Food industry, Catering, Fast food, Food truck, Innovation, Street food, Industry economics), Economic taxonomy

ULSAN, South Korea, July 21, 2021 /PRNewswire/ -- Narae Special Vehicle Truck, founded in 2009, supplies trucks for special purposes such as wing-body trucks, built-in trucks, special purpose box trucks, power gate trucks, and refrigeration trucks.

Key Points: 
  • ULSAN, South Korea, July 21, 2021 /PRNewswire/ -- Narae Special Vehicle Truck , founded in 2009, supplies trucks for special purposes such as wing-body trucks, built-in trucks, special purpose box trucks, power gate trucks, and refrigeration trucks.
  • It supplies special trucks such as: food trucks, delivery vehicles, and 25 tons of wood chip vehicles in Korea.
  • The company's goal is to grow into the global special vehicle truck manufacturer market with a strategy to produce various vehicle trucks at reasonable prices and secure their own technology.
  • Narae Special Vehicle Truck expects to become a global player in the special vehicle market.

Quartic.ai advances continuous biomanufacturing; open sources technology to foster innovation

Retrieved on: 
Tuesday, July 20, 2021
Life sciences, Articles, Economic taxonomy, Biotechnology, Biopharmaceuticals, Biomanufacturing, Food industry, Pharmaceutical industry, Batch process, Pharma, Quartic

The digital twin, which the company has open-sourced, is one of several Quartic initiatives aimed at accelerating the pharmaceutical industry's transition from batch processing to continuous manufacturing of biologics.

Key Points: 
  • The digital twin, which the company has open-sourced, is one of several Quartic initiatives aimed at accelerating the pharmaceutical industry's transition from batch processing to continuous manufacturing of biologics.
  • "Today, more than 90% of biomanufacturing uses batch processing which is costly, slow, and asset intensive," said Rajiv Anand, CEO and founder of Quartic.
  • "AI promises to be a boon to continuous manufacturing and more immediately to process intensification in biomanufacturing.
  • The Quartic Platform was recognized with the 2019 Pharma Innovation Award for Pharma 4.0.

Fabric Leads Headless Commerce Movement with 800% YoY Growth and $100M in New Series B Funding

Retrieved on: 
Tuesday, July 20, 2021
E-commerce, Content management systems, Headless commerce, Industry economics), Distribution marketing), Economic taxonomy

Fabric allows marketers and merchants to quickly turn creative commerce ideas into reality, without the need to fully rely on expensive engineering resources.

Key Points: 
  • Fabric allows marketers and merchants to quickly turn creative commerce ideas into reality, without the need to fully rely on expensive engineering resources.
  • Additionally, Fabric is the only modular commerce platform designed to support scaling businesses that have outgrown the limitations of e-commerce solutions tailored for entrepreneurs and small businesses.
  • Fabric is leveling the playing field for these brands with our modern, API-driven headless commerce platform and deep operating experience.
  • Fabric is ushering in a new era of headless commerce with a modular commerce infrastructure built to enable today's fast-growing businesses to truly thrive," said Shah.

H&E Equipment Services Announces Sale of Crane Business to The Manitowoc Company for $130 Million

Retrieved on: 
Tuesday, July 20, 2021
Other Transport, Other Manufacturing, Construction & Property, Maritime, Engineering, Transport, Manufacturing, Logistics, Supply chain management, Other Construction & Property, Construction equipment rental companies, Manitowoc County, Wisconsin, Money, Equipment rental, The Manitowoc Company, Renting, Manitowoc, Economy, Economic taxonomy, H&E Equipment Services, The Manitowoc Company, Inc., H&E EQUIPMENT SERVICES, THE MANITOWOC COMPANY, INC.

This transaction marks an important step in H&E Equipments transition to a pure-play equipment rental company, said Brad Barber, H&Es Chief Executive Officer.

Key Points: 
  • This transaction marks an important step in H&E Equipments transition to a pure-play equipment rental company, said Brad Barber, H&Es Chief Executive Officer.
  • H&Es equipment rental business has shown consistent growth, with a compound annual growth rate of 11 percent in the five years leading up to 2020.
  • The overall demand for equipment rentals has continued to expand and has proven to be more stable and resilient to market disruptions than the distribution business.
  • The Manitowoc Company, Inc. was founded in 1902 and has over a 118-year tradition of providing high-quality, customer-focused products and support services to its markets.

CCL Industries Announces Bolt-on Acquisition for Avery

Retrieved on: 
Friday, July 16, 2021
CCL Industries, Companies, Avery Dennison, Packaging and labeling, Innovia, CCL, Industry economics), Economic taxonomy

The debt free, all cash purchase consideration, subject to customary closing conditions, is approximately $26.0 million.

Key Points: 
  • The debt free, all cash purchase consideration, subject to customary closing conditions, is approximately $26.0 million.
  • Geoffrey T. Martin, President and Chief Executive Officer of CCL Industries Inc., commented, This acquisition continues to build on Averys rapidly growing portfolio of web-to-print technologies, products and brands using software and related supplies.
  • CCL Industries Inc.s annual and quarterly reports can be found online at www.cclind.com and www.sedar.com or are available upon request.
  • Innovia is a leading global producer of specialty, high performance, multi-layer, surface engineered films for label, packaging and security applications.

Stevanato Group Announces Pricing of Initial Public Offering

Retrieved on: 
Thursday, July 15, 2021
Medical Supplies, Health, General Health, Research, Science, Pharmaceutical, Biotechnology, Life sciences, Pharmaceutical industry, Industry economics), Economic taxonomy, Stevanato Group, Teva Pharmaceuticals, Biotechnology

Stevanato Group S.p.A. (the Company), a leading global provider of drug containment, drug delivery and diagnostic solutions to the pharmaceutical, biotechnology and life sciences industries, today announced the pricing of its initial public offering of 32,000,000 of its ordinary shares at a price of $21 per share.

Key Points: 
  • Stevanato Group S.p.A. (the Company), a leading global provider of drug containment, drug delivery and diagnostic solutions to the pharmaceutical, biotechnology and life sciences industries, today announced the pricing of its initial public offering of 32,000,000 of its ordinary shares at a price of $21 per share.
  • have granted the underwriters a 30-day option to purchase up to an additional 4,800,000 ordinary shares at the initial public offering price, less underwriting discounts, and commissions.
  • In order to provide cover for the currency exposure relating to a portion of the proceeds received in the context of the offering, the Company and Stevanato Holding S.r.l.
  • Founded in 1949, Stevanato Group is a leading global provider of drug containment, drug delivery and diagnostic solutions to the pharmaceutical, biotechnology and life sciences industries.

New Milestones Reached in the Sale of Eaton’s Hydraulics Business to Danfoss

Retrieved on: 
Wednesday, July 14, 2021
Engineering, Other Manufacturing, Manufacturing, Companies, Industry economics), Danfoss, Closing, General Electric, Economic taxonomy

Power management company Eaton (NYSE:ETN) is pleased to announce that it has reached two important milestones in the closing of the sale of its Hydraulics business to Danfoss A/S.

Key Points: 
  • Power management company Eaton (NYSE:ETN) is pleased to announce that it has reached two important milestones in the closing of the sale of its Hydraulics business to Danfoss A/S.
  • The settlement requires the sale of certain orbital motor and steering unit assets to Interpump Group S.p.A., or to another entity approved by the DOJ.
  • This sale does not have to be completed, however, prior to the closing of the company's transaction with Danfoss.
  • This news release contains forward-looking statements about the expected closing of the sale of our Hydraulics business.

Terex Announces Second Quarter 2021 Financial Results Conference Call

Retrieved on: 
Thursday, July 15, 2021
Terex, New York Stock Exchange, Companies, Industry economics), Economic taxonomy

NORWALK, Conn., July 15, 2021 /PRNewswire/ -- Terex Corporation (NYSE: TEX) will host a conference call to review its second quarter 2021 financial results on Friday, July 30, 2021 at 11:30 a.m. Eastern Time.

Key Points: 
  • NORWALK, Conn., July 15, 2021 /PRNewswire/ -- Terex Corporation (NYSE: TEX) will host a conference call to review its second quarter 2021 financial results on Friday, July 30, 2021 at 11:30 a.m. Eastern Time.
  • John L. Garrison, Jr., Chairman and Chief Executive Officer, will lead the call.
  • The Company's financial results will be issued and available at https://investors.terex.com after the market close on Thursday, July 29, 2021.
  • Terex Corporation is a global manufacturer of aerial work platforms and materials processing machinery.

ExeVir and Mithra announce manufacturing collaboration for innovative Covid-19 treatments

Retrieved on: 
Thursday, July 15, 2021
Mithra, Yazatas, Fill and finish, Economic sectors, Economic taxonomy

ExeVir launched less than one year ago and has made tremendous progress in building the company and an innovative pipeline.

Key Points: 
  • ExeVir launched less than one year ago and has made tremendous progress in building the company and an innovative pipeline.
  • Under the terms of the collaboration, Mithra will be responsible for upscalingand manufacturing services for filling the drug substance in support of clinical and commercial supply.
  • Torsten Mummenbrauer, CEO of ExeVir Bio, said: "We are very pleased to collaborate with Mithra which has built a cutting-edge new fill and finish manufacturing facility.
  • Renaat Baes, Chief Manufacturing Officer of Mithra, commented:"We are absolutely thrilled to enter into this collaboration agreement with ExeVir, who is developing promising innovative Covid-19 treatments.

ExeVir and Mithra announce manufacturing collaboration for innovative Covid-19 treatments

Retrieved on: 
Thursday, July 15, 2021
Mithra, Yazatas, Fill and finish, Economic sectors, Economic taxonomy

ExeVir launched less than one year ago and has made tremendous progress in building the company and an innovative pipeline.

Key Points: 
  • ExeVir launched less than one year ago and has made tremendous progress in building the company and an innovative pipeline.
  • Under the terms of the collaboration, Mithra will be responsible for upscalingand manufacturing services for filling the drug substance in support of clinical and commercial supply.
  • Torsten Mummenbrauer, CEO of ExeVir Bio, said: "We are very pleased to collaborate with Mithra which has built a cutting-edge new fill and finish manufacturing facility.
  • Renaat Baes, Chief Manufacturing Officer of Mithra, commented:"We are absolutely thrilled to enter into this collaboration agreement with ExeVir, who is developing promising innovative Covid-19 treatments.