Machine Tools, Metalworking and metallurgy
SKF signs EUR 800 million multicurrency revolving credit facility
GOTHENBURG, Sweden, June 16, 2023 /PRNewswire/ -- SKF has successfully signed a EUR 800 million multicurrency revolving credit facility. The facility has a tenor of five years with two one-year extension options, and it will serve as a back-up liquidity facility for general corporate purposes. It...
2023-06-16 15:27
2830
Hypertherm Associates announces CorePlus gas connect console for XPR cutting systems
HANOVER, N.H., June 14, 2023 /PRNewswire/ -- Hypertherm Associates, a U.S.
based manufacturer of industrial cutting systems and software,today announced
the launch of CorePlus™, the gas connect console for XPR® X-Definition® cutting
systems.
2023-06-14 15:34
4012
The 14th DN Solutions International Machine Tool Fair (DIMF) wraps up successfully after showcasing the future of machine tools
SEOUL, South Korea, June 12, 2023 /PRNewswire/ -- The 14th DN Solutions International Machine Tool Fair (DIMF) ended in success after showcasing the latest machine tool technology as well as the future direction of machine-tool digitalization. DN Solutions announced that DIMF 2023, held at BEXCO...
2023-06-12 10:59
5904
SKF to phase out its own fossil gas use with a SEK 3 billion decarbonization investment frame
GOTHENBURG, Sweden, June 9, 2023 /PRNewswire/ -- SKF has decided to allocate SEK 3 billion to meet its energy and decarbonization goal by 2030, which is a key element of the Group's strategy. The Group has also decided to ban any fossil fuel investments in its own operations, as well as to replac...
2023-06-09 14:48
3734
Ponsse to become first forest machine manufacturer to use SSAB fossil-free steel
VIEREMÄ, Finland, June 1, 2023 /PRNewswire/ -- SSAB and Ponsse Plc, one of the world's largest manufacturers of cut-to-length forest machines, have joined forces in a partnership in which SSAB is to deliver fossil-free steel to Ponsse gradually beginning in 2026. This partnership will further so...
2023-06-01 16:25
2981
SKF establishes global Product Category Rules for bearings to quantify environmental impact
GOTHENBURG, Sweden, June 1, 2023 /PRNewswire/ -- Product Category Rules (PCR) for the bearing industry, initiated and driven by SKF, have been approved by The International EPD System. This will enable bearing purchasers to make more informed and sustainable choices, while also promoting greater ...
2023-06-01 14:57
3168
SKF consolidates manufacturing in Europe, proposes to close factory in Luton
GOTHENBURG, Sweden, June 1, 2023 /PRNewswire/ -- SKF today announces a consolidation of its spherical roller bearing manufacturing to secure the long-term competitiveness on the European markets. The consolidation is also in line with the Group's strategy to invest in automation and regionalizati...
2023-06-01 01:00
3442
Lockheed Martin to Feature Kennametal Tools in Machining Guide
Kennametal's HARVI end mills recognized in the industry for aerospace tooling excellence PITTSBURGH, June 1, 2023 /PRNewswire/ -- Kennametal Inc. (NYSE: KMT) announced today that its HARVI™ solid carbide end mills will be included as a preferred product in Lockheed Martin's internal machining g...
2023-06-01 00:41
4687
CAMX and Umicore sign non-exclusive IP licensing agreement on NMC battery technology
LEXINGTON, Mass., May 30, 2023 /PRNewswire/ -- Umicore and CAMX Power LLC (CAMX) announce that Umicore has obtained a non-exclusive intellectual property license under CAMX's GEMX® platform of nickel-based high-energy, high-power cathode active materials for use in lithium-ion batteries, especial...
2023-05-30 20:00
3896
XCMG's 5th International Customer Festival Showcases the Latest Excavator Product Lineup
XUZHOU, China, May 26, 2023 /PRNewswire/ -- On May 16, 2023, XCMG (SHE: 000425), the world's top three construction machinery manufacturers, inaugurated its 5th International Customer Festival with a captivating opening ceremony held at its production facility for excavating machines. The event ...
2023-05-26 12:13
5095
SKF announces changes to Group Management to further strengthen its commercial focus
Three new appointments are made in SKF Group Management aiming to further strengthen its commercial focus in the company's journey towards increased profitable growth. A new position is also created to drive strategic sales and portfolio management. GOTHENBURG, Sweden, May 25, 2023 /PRNewswire/ ...
2023-05-25 17:00
3175
Hardox® HiAce Unveils Recycling Corrosive Wear Solutions at N-Expo, Tokyo
TOKYO, May 23, 2023 /PRNewswire/ -- SSAB
2023-05-23 08:00
4140
SKF invests in magnetic bearing manufacturing to meet increasing demand
GOTHENBURG, Sweden, May 22, 2023 /PRNewswire/ -- SKF is increasing its technical and manufacturing capabilities within magnetic bearings through an investment totalingSEK 50 million in a new manufacturing site in Tangier, Morocco. The new site will ramp up operations during the second quarter an...
2023-05-22 14:57
3524
SANY Heavy Industry and Shenglong Metallurgical Establish Strategic Partnership to Drive Green Transformation in Steel Industry
CHANGSHA, China, May 19, 2023 /PRNewswire/ -- SANY Heavy Industry ("SANY", SSE: 600031), a leading global heavy machinery manufacturer, recently held a signing ceremony during which the company reached a strategic partnership with Guangxi Shenglong Metallurgical Co Ltd (Shenglong Metallurgical). ...
2023-05-19 10:39
6259
XAG debuts P100 Pro Agricultural Drone at BEYOND Expo 2023
MACAU, May 18, 2023 /PRNewswire/ -- XAG, the world's leading agricultural drones and smart agriculture solutions provider, launched its new generation agricultural drone, the P100 Pro, at the BEYOND Expo 2023. The company's co-founder,Justin Gong, revealed that the P100 Pro is set to empower farm...
2023-05-18 10:31
3837
SKF and Wolong cooperate to increase competitiveness in electric drive products
GOTHENBURG, Sweden, May 17, 2023 /PRNewswire/ -- SKF and Wolong Group, the Chinese global manufacturer of motor and drive solutions, have signed a memorandum of understanding to explore the possibilities of entering a strategic cooperation focused on the promotion and application of magnetic bea...
2023-05-17 14:48
3175
DEKRA increases revenue and transforms for the future
Goals for 2022 achieved * Global revenue grows by 7.4% to 3.8 billion euros in the fiscal year 2022 * Investments rose by around one-third, reaching 143 million euros * Test services for EV batteries and charging infrastructure in high demand * Over 500 service offerings for sustainable bus...
2023-05-08 11:11
3022
Announcement of change in the total number of votes in AB SKF
GOTHENBURG, Sweden, April 28, 2023 /PRNewswire/ -- Due to a conversion of shares from Series A to Series B in accordance with AB SKF's Articles of Association, the Company confirms the following. As per 28 April 2023, the Company's share capital amounts to SEK 1,138,377,670 and the total number ...
2023-04-28 15:02
3168
SKF First-quarter report 2023: Strong organic sales and positive margin trend
GOTHENBURG, Sweden, April 27, 2023 /PRNewswire/ -- Rickard Gustafson, President and CEO: "Review of the first quarter I'm pleased to report a solid quarter with strong organic sales growth and a record high adjusted operating profit for a first quarter. In the period, we delivered an organic sa...
2023-04-27 14:55
2962
Hilco Global Announces Sale of All Assets at Vallourec Deutschland GmbH
NORTHBROOK, Ill., April 27, 2023 /PRNewswire/ -- Amsterdam-based Hilco Industrial Acquisitions, an operating company of U.S.-based Hilco Global, announced today the strategic partnership for the sale and project management relating to the disposition and removal of all assets at Vallourec Deutsch...
2023-04-27 03:17
4923
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