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Category:
Press
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Machinery
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Platinum Funding Group Completes an $8-million Debtor-In-Possession Financing Agreement with Auto-Parts Manufacturing Company (Popularity:  )
Platinum Funding Group announced today it has completed a two-year Debtor-In-Possession ("DIP") factoring facility for over $8 million to provide working capital for Innovative Group Global, Inc., a major Michigan-based automotive supply manufacturer. Innovative Group Global has been in business since 1963, and is a supplier of screw machine parts and fabricated steel tubing to the automotive industry.
The manufacturing company has been in Chapter 11 bankruptcy since May. Platinum Funding ...
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Lack of Space Leads to Compromised Explosion Protection (Popularity: )
There has been a trend in recent years for new process systems to be both higher capacity and more compact. This trend can lead to difficulty when explosion protection systems are required. Too often the need for explosion protection is left for consideration after all other elements in the process system have been designed. This approach can lead to serious shortfalls, unnecessary compromise to safety, and needless additional expense.
Bill ...
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How a Cooling Tower Loop Cut its Waste and Disposal Costs by Using an Environmentally Friendly Filtration Process-- A Real World Documented Case Study (Popularity: )
Traditionally, engineers have opted for disposable media filters because of their lower initial cost. While initial cost may be lower for small batch operations, the same is not necessarily true for continuous operations. That is because you would need a completely redundant filtration system, including piping, valves, supports, and service connections – not an insignificant expense by any means – to maintain production. To remove this particulate, the company installed ...
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Sensata Technologies B.V. Announces the Closing of Airpax Holdings, Inc. (Popularity: )
Sensata Technologies, Inc., a wholly-owned, indirect subsidiary of Sensata Technologies B.V., today announced that it has closed the previously announced acquisition of Airpax Holdings, Inc., a manufacturer of components and systems for power protection, sensing and control applications.
The purchase price was $276 million, plus fees and expenses. Sensata closed the acquisition with a combination of cash and new borrowings. Sensata issued a new senior subordinated term loan for euro ...
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Invensys and Apprion Implement Managed Wireless Communications Infrastructure at PPG Lake Charles Chemical Complex (Popularity: )
As part of an ongoing automation upgrade at the site, Invensys -- in conjunction with its strategic partner, Apprion -- has successfully completed the first phase of a comprehensive managed wireless infrastructure deployment at PPG Industries’ large chlor-alkali chemical manufacturing complex in Lake Charles, Louisiana. This infrastructure is designed to help further improve plant profitability, safety, and security, while providing a secure, flexible, and cost-effective foundation to support additional wireless ...
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New Engine, Four New Models From Harley-Davidson (Popularity: )
Harley-Davidson (NYSE: HDI) will launch the Twin Cam 96, an all-new Big Twin engine, as it introduces its 2007 line of motorcycles. The Twin Cam 96 will power all models in the Harley-Davidson Dyna, Softail and Touring product families, each of which will also feature the 6-speed Cruise Drive transmission. New motorcycles for 2007 include two VRSC models, the all-new FXSTC Softail Custom, and a limited-edition model celebrating the 50th ...
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KONE’s new factory in Mexico to take over all elevator manufacturing operations for North America (Popularity: )
Production of elevator doors and cars for the North American market got underway in KONE’s purpose-built facility in Torreón, Mexico. KONE has now decided to transfer the current elevator component manufacturing activities in McKinney, Texas, to Torreón by the middle of 2007. This will affect approximately 55 production related positions within the KONE’s McKinney operation.
In line with KONE’s global manufacturing processes, the new factory in Mexico employs the same modern ...
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Jungheinrich Rolls Out the New ETR 320 Pantograph Reach Truck (Popularity: )
The Jungheinrich Lift Truck Corp., a world leader in warehouse logistics technology, announces the ETR 320, a new pantographic reach truck specially engineered for high productivity in U.S. operations. It boasts a 3-stage mast, and a rock-steady pantograph mechanism enabling precise load placements at heights up to 33 feet. Its high productivity stems from a powerful combination of high-energy efficiency, great ergonomic design, excellent load and fork visibility, and smooth ...
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Canadian Equipment Rental Fund Limited Partnership Announces 22% Increase to Distribution (Popularity: )
The board of directors of the general partner for Canadian Equipment Rental Fund Limited Partnership (the "Partnership"), is pleased to announce that they have approved an increase of the cash distribution to the Partnership unitholders to $0.055 per unit (up 22.2% from the previous $0.045 per unit distribution). Payment will be made on or about July 14, 2006, to unitholders of record as of the close of business on June ...
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BP Solar Introduces Mono2 (Popularity: )
New Silicon Growth Process Yields Higher Efficiency in Commercial Cells and Modules A pioneer in silicon casting for solar photovoltaic cell applications, BP Solar has developed a new silicon growth process that significantly increases cell efficiency over traditional multi-crystalline-based solar cells. The new technique, named Mono2TM, enhances BP Solar’s technological expertise in the silicon growth and wafering arenas where silicon ingots and wafering technology are key to future growth. Solar ...
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