Day: July 9, 2018
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GE to sell Distributed Power business to Advent International for $3.25 billion
General Electric has signed an agreement to sell its Distributed Power business to Advent International, one of the largest and most experienced global private equity investors, for $3.25 billion. The transaction includes Distributed Power’s Jenbacher and Waukesha engines, as well as manufacturing sites in Austria, Canada and the US. Distributed Power, a business unit of…
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Research centre to develop advanced waste-to-energy techniques in Singapore
JFE Engineering Corporation has set up the Innovation Centre for Environmental Technology in Singapore to carry out research activities on ‘Development of Enhanced Utilisation Methodologies for Direct Melting Gasification’. This innovation centre is a first-of-its-kind for JFE outside Japan. The centre will aim to develop advanced waste treatment technologies based on a Research Collaboration Agreement with…
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Swisslog and Kuka join forces to strengthen CarryPick
The CarryPick automated storage and order fulfillment system’s new KMP600 AGV was developed with close collaboration between Kuka and Swisslog, member of the Kuka Group. Synergies have allowed for a number of technical enhancements that make the AGV suitable for use in multiple industries. The CarryPick solution will be globally supported as part of the…
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Electric vehicles a practical reality for everyone?
BASF argues that ‘it is all about the chemistry’ and that the materials inside car batteries will have a major impact on vehicle electrification With the holiday season and sunnier days approaching in the northern hemisphere, traffic inevitably increases on highways, in cities and around sightseeing spots. Additionally, a rising number of commuters contribute to…
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ArcelorMittal Zenica completes €30 million blast furnace reconstruction
ArcelorMittal Zenica, in Bosnia-Herzegovina, has completed a €30 million project to rebuild the blast furnace and upgrade other areas of the factory, including the energy, sinter and steel plants and the rolling mill. The latest projects are bringing the total invested in the Zenica plant to over €200 million. The refurbishment means that integrated steel…