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BO ASKVIK APPOINTED PRESIDENT AND CEO OF NYNAS

Mar 3, 2021
The Board of Nynas AB has now appointed Bo Askvik as President and CEO of Nynas on a continuing basis with immediate effect. In January 2019 the Board of Nynas … read more »
Mar 3, 2021

Niagara Power Transformer: 95 years of experience and expertise

For nearly 100 years Niagara has been designing and manufacturing transformers in Buffalo, New York. We have shipped over 75,000 transformers to 90 different countries in our 95+ year history. … read more »
Mar 1, 2021

Megapolis Invest to increase share in Elektrozavod

Feb 23, 2021
The joint venture of Sistema and Sber has increased its stake in transformer manufacturer JSC Elektrozavod. LLC Megapolis Invest, a joint venture between Sistema and LLC Sberbank Investments, has signed an … read more »
Feb 23, 2021

Thyssenkrupp ends talks with UK’s Liberty on steel business sale

Feb 18, 2021
German conglomerate Thyssenkrupp said on Wednesday it had ended talks to sell its steel division to Britain’s Liberty Steel, citing differences over value and structure in a potential deal. “We … read more »
Feb 18, 2021

STL inaugurates power transformer plant

Feb 8, 2021
Bangladesh-based company Sylvan Technologies Limited, a sister concern of PRAN-RFL Group, has started manufacturing power transformers in its factory at Habiganj Industrial Park at Olipur in Sayestaganj Upazila under Habiganj … read more »
Feb 8, 2021

Waves Singer to buy Heavy Industrial Complex

Feb 4, 2021
Household appliance company Waves Singer Pakistan has expressed interest in buying transformer manufacturers Heavy Electrical Complex. “The board of directors of Waves Singer Pakistan Limited (WSPL) has approved submission of … read more »
Feb 4, 2021

Siemens Energy to cut 7,800 jobs

Feb 2, 2021
Energy technology company Siemens Energy announced Tuesday that it plans to shed 7,800 jobs worldwide by 2025 as part of a drive to cut costs. The company currently has more … read more »
Feb 2, 2021

Liberty Steel updates offer for Thyssenkrupp steel division

Jan 29, 2021
Britain’s Liberty Steel, Europe’s fourth-largest steelmaker, has submitted an updated offer for German conglomerate Thyssenkrupp’s steel division. The move comes about three months after Liberty Steel, headed by metals tycoon … read more »
Jan 29, 2021

Zest WEG marks growth after 40 years in Africa

Jan 26, 2021
Zest WEG has been able to build transformers using 90% local components due to developing a strong local manufacturing base during its 40 years in Africa. “Progress in skills development … read more »
Jan 26, 2021

Hitachi ABB provides Loc Ninh Solar Plant with 220 kV transformer

Jan 22, 2021
Hitachi ABB Power Grids has supplied and commissioned a 220-kilovolt power transformer to Toji Group for the 50MWp Solar Power Plant Loc Ninh 5 in Vietnam. The Loc Ninh series … read more »
Jan 22, 2021

OXYWELD – 40 YEARS OF OXYHYDROGEN GAS GENERATORS FOR BRAZING

Jan 19, 2021
OXYWELD with its OWELD brand is the first producer of oxy-hydrogen gas generators for copper, aluminium, brass, wires, flat wires, cables, CTC and busbars brazing.  This eco-friendly-safe system replaces the … read more »
Jan 19, 2021

U.S. imposes new sanctions after Iran GOES sale

Jan 18, 2021
The United States’ State Department has imposed fresh sanctions on seven entities and two individuals over the transfer of grain-oriented eletrical steel (GOES) to Iran. Washington brought in the new … read more »
Jan 18, 2021