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Archive by category Manufacturing

Southco Introduces Free-Swinging Hinges in New Materials to Meet Demanding, Heavy-Duty Applications

HONG KONG SAR, Sept. 29 (Korea Bizwire) – Southco Asia Ltd., a subsidiary of Southco Inc., a leading global provider of engineered access solutions such as locks, latches, captive fasteners, electronic access solutions and hinges/ positioning technology has extended its successful line of externally mounted free-swinging hinges with three new options designed for heavy-duty applications. The EH [...]

Eavor to Drill the Deepest and Hottest Directional Geothermal Well in History: Eavor-Deep™

CALGARY, Alberta, Aug. 30 (Korea Bizwire) — Eavor Technologies Inc. (“Eavor”) is pleased to announce the commencement of their demonstration project to drill the deepest and hottest directional geothermal well in history (called Eavor-Deep™). Historically, the deeper and higher temperature the rock, the slower and more expensive drilling becomes. Eavor has developed process and technologies [...]

CNH Industrial: Periodic Report on the Buy-back Program

London, Aug. 17 (Korea Bizwire) – CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announces that, under the common share buy-back program currently in place, in the period August 8 – August 12, 2022, the Company has completed the transactions reported in aggregate based on automatic orders placed with the Company’s broker (who has made its [...]

Matthews International Acquires OLBRICH GmbH and R+S Automotive GmbH, Extends Engineering Capabilities for Energy

PITTSBURGH, Aug. 17 (Korea Bizwire) – Matthews International Corporation (NASDAQ GSM: MATW) announced today that the Company has closed on the previously-announced acquisitions of German based engineering firms, OLBRICH GmbH (“OLBRICH”) and R+S Automotive GmbH (“R+S Automotive”), for EUR €43 million (approximately U.S. $45 million). Headquartered in Bocholt, Germany, OLBRICH is a production and intelligent equipment manufacturer, [...]

Southco Introduces Stylish New Corrosion-Resistant Stainless Steel Positioning Hinge

HONG KONG SAR, Aug. 10 (Korea Bizwire) – Southco Asia Ltd., a subsidiary of Southco Inc., a leading global provider of engineered access solutions such as locks, latches, captive fasteners, electronic access solutions and hinges/ positioning technology has recently expanded its successful E6 Constant Torque Position Control Hinge series to include a corrosion-resistant cast stainless steel [...]

J.M. Huber Corporation Signs Agreement to Acquire the Biolchim Group from NB Renaissance, Chequers Capital and Management Team

ATLANTA, Aug. 8 (Korea Bizwire) — J.M. Huber Corporation (Huber)—a global, family-owned specialty engineered materials manufacturing company—announced today that it has signed a binding agreement to acquire full control of the Biolchim Group from NB Renaissance, Chequers Capital and the Biolchim Group management team. The Biolchim Group, managed and headed by Galileo Quattro SARL, has [...]

CNH Industrial Reports Strong Second Quarter Performance

Record consolidated revenues of $6,082 million (up 17.5% compared to Q2 2021 for continuing operations, up 20% at constant currency) Net income of $552 million, Adjusted Net Income of $583 million, with adjusted diluted EPS of $0.43 Adjusted EBIT of Industrial Activities of $654 million (up $82 million compared to Q2 2021) Free cash flow [...]

Turnover Figures 1st Half of 2022

July 29 (Korea Bizwire) — AKWEL (FR0000053027, AKW, PEA-eligible), the automotive and HGV equipment and systems manufacturer specialising in fluid management and mechanisms, has posted consolidated turnover of €488.1m in the first half of 2022, stable compared with the first half of 2021. Consolidated turnover In € millions – unaudited 2022 2021 Variation Like-for-like variation (1) 1st quarter [...]

Nikkiso Clean Energy & Industrial Gases Group Announces Addition of Vaporizer Manufacturing Facility in Houston, TX

TEMECULA, Calif., July 25 (Korea Bizwire) — Nikkiso Clean Energy & Industrial Gases Group (“Group”), a part of the Nikkiso Co., Ltd (Japan) group of companies, is proud to announce yet another expansion of their manufacturing capabilities. This expansion represents their commitment to and support of their domestic industrial gas and clean energy customers. Their [...]