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SKF Nine-month report 2022: Strong organic sales growth; severe cost inflation impacting results

GÖTEBORG, Sweden, Oct. 25, 2022 /PRNewswire/ -- Rickard Gustafson, President and CEO: "Review of the third quarter During the third quarter, we delivered strong organic sales growth of 11%, a clear indication that we are relevant for our customers. Our business inIndia and the Americas delivere...

2022-10-25 15:02 2127

XCMG Showcases 13 Specially Designed Excavators for European High-End Market at bauma 2022

MUNICH, Oct. 25, 2022 /PRNewswire/ -- XCMG, (SHE:000425) are exhibiting 13 excavators, specially designed for the high-end market inEurope, at the world's largest construction industry event, bauma 2022, taking place betweenOctober 24 th and 30th in Munich, Germany. A leader in innovation an...

2022-10-25 14:48 1936

Hardox® HiAce unveils corrosive wear challengers at Palmex Indonesia, Medan

JAKARTA, Indonesia, Oct. 24, 2022 /PRNewswire/ -- SSAB , the leading global steel manufacturer will showcase its corrosive wear steel - Hardox® HiAce in the upcomingPalmex exhibition

2022-10-24 09:00 1912

SKF to publish nine-months results on 25 October

GOTHENBURG, Sweden, Oct. 13, 2022 /PRNewswire/ -- SKF will publish its nine-months results for 2022 on25 October 2022 at approximately 08:00 (CET). Investors, analysts and media are invited to join a webcast, which will be held in English, at 09:00 (CET). To join the webcast, please login at lea...

2022-10-13 21:44 3070

DNEST3 security solution - Deep digging the potential of drones - recruits for global exclusive distributors

SHENZHEN, China, Oct. 12, 2022 /PRNewswire/ -- DNEST3 security drone solution from HEISHA Technology is the first drone docking system for consumers, it is recruiting for global exclusive distributors. What makes DNEST3 extend the potential of drones? Even a professional pilot needs to fully con...

2022-10-12 21:00 1472

SKF magnetic bearings enable more sustainable production of compressed air

GOTHENBURG, Sweden, Oct. 10, 2022 /PRNewswire/ -- SKF's magnetic bearings, which can rotate at up to 50,000 rpm are now playing a key role in reducing CO2 emissions across a range of industrial applications, including compressors. SKF's magnetic bearing technology has been selected by Finnish cle...

2022-10-10 14:22 1739

SSAB Initiates Cooperation With Schlam In Promoting Fossil-free Steel, Market Products to Reduce CO2 Footprint

The two organizations aiming to transform the steel industry sustainability MELBOURNE, Australia, Oct. 5, 2022 /PRNewswire/ -- SSAB, the leading global Swedish steel company has entered an agreement with Schlam, a world-class Australian mining equipment and engineering services provider, that wil...

2022-10-05 08:00 2124

DEKRA's new testing center for renewable energy in China

Solar Testing Lab Opens in Shanghai SHANGHAI, Sept. 30, 2022 /PRNewswire/ -- DEKRA recently inaugurated a new testing center for renewable energy inShanghai, China. With this step, the global expert organization is meeting the growing demand from the Chinese solar industry for high-quality testi...

2022-09-30 10:00 2851

DEKRA's new testing center for renewable energy in China

Bahrain's Electricity and Water Authority tenders landfill remediation project in preparation for a 100 MW solar farm

MANAMA, Bahrain, Sept. 29, 2022 /PRNewswire/ -- Bahrain's Electricity and Water Authority (EWA) launched its tendering process to appoint a qualified contractor to remediate a two square kilometre landfill site to prepare the plot for the development and implementation of a solar project with a m...

2022-09-29 21:20 2390

Women in Agriculture Leverages XAG Drone to Cast off Farmer's Cost Burden

SAO PAULO, Sept. 27, 2022 /PRNewswire/ -- While farmers are looking for solutions to save on chemical sprays, XAG spearheads precision farming efforts with its drone technology inBrazil. It has been working with local business on using drones to effectively control agricultural pests and help rel...

2022-09-27 21:35 2019

SSAB Set to Debut at Vietnam Mining & Construction Show This October With Revolutionary Hardox® Product Line

Setting its sights on improving the mining industry HANOI, Vietnam, Sept. 27, 2022 /PRNewswire/ -- Leading global steel company, SSAB has announced its upcoming debut presence at theVietnam Mining & Construction Show this October, ...

2022-09-27 10:00 13890

SSAB Set to Debut at Vietnam Mining & Construction Show This October With Revolutionary Hardox® Product Line

SSAB to deliver fossil-free steel to Volvo Trucks

BRISBANE, Australia, Sept. 21, 2022 /PRNewswire/ -- With high commitment towards sustainability, SSAB and Volvo Trucks announced earlier this year on June 1 the delivery plan for the world's first ever truck with fossil-free steel. The green material is manufactured by Swedish steel company SSA...

2022-09-21 09:00 1956

SKF announces changes to Group Management

GOTHENBURG, Sweden, Sept. 16, 2022 /PRNewswire/ -- SKF announces the appointment ofHenry Wang as President, China and Northeast Asia. Henry is currently President of Alstom's operations in China and was previously CEO of KUKA inChina. From 1997-2019, Henry held a number of roles in SKF, includin...

2022-09-16 14:04 3068

Hilco Global Sells Heavy Plate Mill in Germany to an Asian Steel Producer

NORTHBROOK, Ill., Sept. 14, 2022 /PRNewswire/ -- Amsterdam-based Hilco Industrial Acquisitions, B.V., an operating company of U.S.-based Hilco Global, announced today the sale of all assets at ThyssenKrupp Heavy Plate Rolling Mill facility located in Duisburg-Hüttenheim,Germany to an Asian Steel ...

2022-09-14 03:13 2131

Hilco Global Sells Heavy Plate Mill in Germany to an Asian Steel Producer

POSCO Pohang Steelworks to resume producing semi-finished steel

* POSCO resumed the operation of the no. 4 and no. 2 blast furnaces as of September 12: the entire blast furnaces of Pohang Steelworks are under normal operation. * POSCO resumed the operation of the no.4 steel converter and has run an emergency shipment response team startingSeptember 12. ...

2022-09-13 15:23 1791

Nomination committee of AB SKF for the Annual General Meeting 2023

GOTHENBURG, Sweden, Sept. 13, 2022 /PRNewswire/ -- In accordance with a resolution taken at the Annual General Meeting of AB SKF, this is to announce the representatives of the four largest shareholders by number of votes, who, together with the Chairman of the Board, Hans Stråberg, constitute th...

2022-09-13 00:36 4338

SKF's Capital Markets Day to be held on 8 December 2022

GOTHENBURG, Sweden, Sept. 8, 2022 /PRNewswire/ -- SKF's Capital Markets Day (CMD) will be held on8 December 2022 from 11:00-16:00 at the Science Museum in London. During the day, investors, analysts, and financial media will be updated on SKF's strategic progress as well as the Group's financial ...

2022-09-08 22:04 2105

SKF issues its second Green Bond; raises EUR 400 million to finance green investments

GOTHENBURG, Sweden, Sept. 8, 2022 /PRNewswire/ -- SKF has issued its second Green Bond, which will raiseEUR 400 million to fund eligible green projects in accordance with the Group's Green Finance Framework. The Bond further connects SKF's business strategy and funding approach to the Group's sus...

2022-09-08 19:59 1843

SKF and Ovako reach milestone in journey towards net zero bearing production

GOTHENBURG, Sweden, Sept. 8, 2022 /PRNewswire/ -- A significant milestone has been reached in SKF's journey towards a net-zero value chain. Together with Swedish steel producer Ovako, SKF has produced a Spherical Roller Bearing (SRB) with 90% less emissions than its standard SRB bearing. The bea...

2022-09-08 14:00 1526

King Steel Joins Forces with Siemens to Bring Taiwan to the Forefront of Green Manufacturing

The Taiwanese manufacturing powerhouse and German multinational are partnering up to reduce carbon emissions and save energy in manufacturing processes TAICHUNG, Taiwan, Sept. 5, 2022 /PRNewswire/ -- Taiwan King Steel Machinery Co. and German multinational conglomerate Siemens have joined forces,...

2022-09-05 12:00 4069

King Steel Joins Forces with Siemens to Bring Taiwan to the Forefront of Green Manufacturing

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