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           28 March, 2020

Category:  Press

 » Machinery


Press releases Records 141-149 of 149  |  Go to << Prior 1 ... 13 14 15 page 
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Goodyear VEBA Trust Approved by Federal Court (Popularity: )
The Goodyear Tire & Rubber Company (NYSE: GT) announced today that the Voluntary Employees' Beneficiary Association trust (VEBA) proposed by it and the United Steelworkers union has been approved by U.S. District Court Judge John R. Adams. Under the terms of the settlement agreement, Goodyear will now make a $1 billion cash contribution to the VEBA, which will provide healthcare benefits to the company's current and future USW retirees. The ...

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 ...

Harbin Electric Announces Participation in Investor Conference in Beijing and Presents Key Growth Directions (Popularity: )
Harbin Electric, Inc. (Nasdaq: HRBN; "Harbin Electric" or "the Company"), a technology-oriented market leader in product development and integrated production tailored to customer applications in linear motors, motor/controller automation systems, specialty micro-motors for automobile interior applications and other specialty micro-motors, participated in the 3rd Semi-Annual Investor Tour of Mainland China hosted by Brean Murray Carret & Co. on September 10, 2007 in Beijing, China. At a round-table with global institutional ...

Dresser-Rand Rejects the Painted Post Union's Offer to Return to Work (Popularity: )
Dresser-Rand Group Inc. ("Dresser-Rand" or the "Company") (NYSE: DRC) today confirmed that it has notified the IUE-CWA Local 313 union representatives for the Company's Painted Post facility in New York State that it has elected not to accept the union's offer to unconditionally return to work under the expired contract. The union made the offer to return to work on November 19, 2007 following a sixteen week strike and several ...

Regal Beloit Acquires Alstom's Motors and Fans Business in India (Popularity: )
Regal Beloit Corporation (NYSE: RBC) today announced that the Company has acquired Alstom's motors and fans business in India. The business is located in Kolkata, India and manufactures and markets a full range of low and medium voltage industrial motors and fans for the industrial and process markets in India. Alstom is noted for high quality process duty motors with a full range from 1 to 3500 hp. The business ...

Energy Conversion Devices Begins Implementing Succession Plan (Popularity: )
Energy Conversion Devices, Inc. (ECD Ovonics) (Nasdaq: ENER) today announced the first in a series of management moves consistent with the company's previously announced management succession planning. At his request, Stanford R. Ovshinsky, President and Chief Scientist and Technologist, has relinquished his executive management responsibilities as the company's President and a member of its Office of the Chairman to devote his full energy and intellect to the further development of ...

European Commission Grants Antitrust Approval of Ingersoll Rand's Proposed Acquisition of Trane (Popularity: )
Trane Inc. (NYSE: TT) today announced that the European Commission granted approval of the proposed acquisition of the company by Ingersoll-Rand Company Limited (NYSE: IR). All required antitrust approvals required under the agreement with Ingersoll Rand have now been received. In addition, Trane has set the close of business on April 23, 2008, as the record date for determining shareholders who will be entitled to vote on the acquisition. Trane ...

China Yuchai International Introduces Hybrid Engine to Focus on Chinese Bus Market (Popularity: )
China Yuchai International Limited (NYSE: CYD; "China Yuchai" or the "Company"), the leading manufacturer and distributor of diesel engines in China, today announced its latest R&D innovation -- a hybrid ISG engine specifically designed for urban transportation buses, and exhibited at the recent 4th China-ASEAN Expo. The hybrid engine, which has been widely recognized as a major technological development for energy conservation and emission reduction, is becoming a general trend ...

China Holdings Acquisition Corp. Significantly Restructures Purchase Price for Bright World Precision Machinery Limited Acquisition and Improves Transaction Economics for CHAC Shareholders (Popularity: )
-- Purchase price significantly restructured, which results in a valuation that compares favorably to public company peers in China(1) -- Bright World's first half 2008 revenues, net profit and EBITDA grew 51.8%, 64.1% and 59.9% (US dollars), respectively, compared to first half 2007(2) -- Highly attractive investment for participating in China's future growth -- Post-transaction earnout for Bright World's majority shareholder now tied to market-based stock price performance of combined ...