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ABB confirms to work toward deinvestment of Power Grids

Apr 3, 2020
As part of a COVID-19 update, ABB has confirmed that it continues to work toward the delivery of transformation milestones, including the divestment of Power Grids which is targeted for … read more »
Apr 3, 2020

Zest WEG to perform in-house transformer testing

Apr 2, 2020
Zest WEG’s have installed an impulse voltage generator at their transformer manufacturing facility in Heidelberg, which will allow in-house testing of transformers, saving time and money for customers. “The impulse … read more »
Apr 2, 2020

Thyssenkrupp agrees with IG Metall to cut 3,000 jobs

Mar 30, 2020
Thyssenkrupp has agreed on a plan with German metalworkers union IG Metall to cut 3,000 jobs in its steel division by 2026. ThyssenKrupp’s steel business is suffering after plans to … read more »
Mar 30, 2020

Siemens announces major changes in management

Mar 22, 2020
Siemens has announced major changes in management as the company presses ahead with its plans to establish a new generation of management. Principal amongst the announcements is that President and … read more »
Mar 22, 2020

Extension of Nynas reorganisation approved

Mar 20, 2020
Södertörn’s District Court today approved an extension of Nynas company reorganisation for another three months, until June 15. According to a Nynas press statement, the reorganisation process will now continue … read more »
Mar 20, 2020

EU imports of electrical power transformers increased for the 4th quarter 2019

Mar 20, 2020
EU exports and imports of electrical power transformers (all sizes) increased for the 4th quarter of 2019 by 2 % and 10 % respectively, compared to the same quarter of … read more »
Mar 20, 2020

Nynas get approval to have US sanctions lifted

Mar 17, 2020
Transformer oil manufacturer Nynas has said it has been assured by the US Treasury that its restructuring plans will be enough to remove it from sanctions. Nynas is a 50:50 … read more »
Mar 17, 2020

U.S. imports of electrical power transformers increased for the 4th quarter 2019

Mar 12, 2020
U.S. imports of electrical power transformers (all sizes) increased for the 4th quarter 2019 by 24,6 %, compared to the same quarter of last year (Q4 2018). At the same … read more »
Mar 12, 2020

Cleveland Cliffs call for better protection against imports ahead of AK Steel purchase

Mar 9, 2020
The new buyer of AK Steel, the only company in the U.S which produces the steel used in transformers, warned lawmakers on Thursday that without better protection against imports of … read more »
Mar 9, 2020

Former GE Chairman and CEO Jack Welch passes away

Mar 3, 2020
Chairman and CEO H. Lawrence Culp, Jr., issued the following statement in response to the passing of former GE Chairman and CEO John F. Welch, Jr. “Today is a sad … read more »
Mar 3, 2020

Eaton completes PDI acquisition

Mar 3, 2020
Power management company Eaton has announced it has completed the acquisition of Power Distribution, Inc. (PDI).  Headquartered in Richmond, Virginia, PDI is a leading supplier of mission-critical power distribution, static … read more »
Mar 3, 2020

Siemens ranks No. 1 vendor for managing distributed energy resources

Mar 2, 2020
Market research firm Navigant Research has recently ranked Siemens Smart Infrastructure as a leading provider of distributed energy resources management systems (DERMS). The “Navigant Research Leaderboard: DERMS Vendors” report assessed … read more »
Mar 2, 2020