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sustainability

WEG chosen for Dow Jones Sustainability Indices

Sep 19, 2014

The Brazilian electric engineering, power, automation specialist, and producer of power transformers, WEG, has been selected as part of the Dow Jones Sustainability Indices (DJSI).  From Sept. 22, 2014, the … read more

justice-gavel

US electric steel producers appeal USITC decision

Sep 18, 2014

Multiple U.S. producers of GOES, grain-oriented electrical steel, have filed an appeal against the decision handed down by the U.S. International Trade Commission (ITC) on Aug. 27. Further decisions against … read more

alstom-bribery-charges

GE-Alstom acquisition to be finalized in early 2015

Sep 18, 2014

The acquisition of Alstom’s Power and Grid business by GE will likely not be finalized until early 2015, according to an estimation published by Corporate Counsel. The French government still … read more

Riyadh

ABB wins $14m Saudi Arabian transformer deal

Sep 17, 2014

ABB has been granted an order worth almost $14 million from the Saudi Electricity Company. ABB will supply power transformers, shunt reactors and station service transformers for a substation that … read more

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Siemens delivers switch panels worth €90m for GIS in Saudi Arabia

Sep 17, 2014

Siemens is to deliver 111 switch panels for installation in five gas-insulated high-voltage switchgear in Saudi Arabia’s northern Al-Jouf region. The order is worth €90 million.  It is the first time Siemens has … read more

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Chairman of Indian transformer manufacturer Bharat Bijlee resigns

Sep 17, 2014

Bansi S. Mehta, Chairman and Non Executive Independent Director of Indian transformer manufacturer Bharat Bijlee has resigned.  The news was announced on the BSE (pictured) yesterday, but further details of his … read more

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Romanian transformer manufacturer Retrasib Sibiu in €7.7m takeover

Sep 16, 2014

The Romanian transformer manufacturer Retrasib Sibiu is set to be acquired by the German group SGB-SMIT for a reported €7.72 million.  In June, SGB had agreed to buy shares in the company, … read more