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EU approves acquisition of ABB Power Grids by Hitachi

Jun 4, 2020
The European Commission has approved, under the EU Merger Regulation, the acquisition of the power grid division of ABB of Switzerland by Hitachi of Japan. ABB’s power grid division is … read more »
Jun 4, 2020

Cogent: US-tariffs on electrical steel to push transformer costs

Jun 3, 2020
The announcement of the U.S. Department of Commerce to conduct a national security investigation on the importing of electrical steel raises questions on the consequences. According to Ron Harper, President … read more »
Jun 3, 2020

SPX transformers reports 20% increase in order intake for Q1/2020

Jun 2, 2020
Q1 2020 order intakes and revenues for the US-based company, SPX (Transformer segment), has increased by 22.6% and 12.2%, respectively, compared to the same quarter of last year (Q1 2019). … read more »
Jun 2, 2020

Siemens shareholders to receive one Siemens Energy share for every two Siemens shares

Jun 1, 2020
Siemens AG has published key details of the spin-off of its energy business, together with the invitation to the Extraordinary Shareholders’ Meeting on July 9, 2020. Siemens shareholders are to … read more »
Jun 1, 2020

PDVSA board believes Nynas stake to be recoverable

Jun 1, 2020
Representatives of Venezuelan oil and gas company PDVSA have said that they believe their stake in the previously besieged firm Nynas AB is recoverable. The president of a special board … read more »
Jun 1, 2020

Siemens Energy to list as spin-off by end of year

May 28, 2020
Siemens has confirmed that it intends to list Siemens Energy on the stock market as a spin-off by the end of 2020. In May 2019, Siemens announced its intention to … read more »
May 28, 2020

280-ton transformer delivered to Großgartach substation

May 27, 2020
A 280-ton transformer has been delivered to Transnet BW’s Großgartach substation. The transformer was built at Siemens in Nuremberg, it arrived in Schwaigern by rail and was reloaded. After reloading … read more »
May 27, 2020

Northern Transformer completes acquisition of VRT Power’s products

May 26, 2020
Northern Transformer Corporation, a leading manufacturer of power transformers for the North American utility market based in Toronto, announced the acquisition of the North American brand, products and designs of … read more »
May 26, 2020

Toshiba Group to donate $250,000 towards Indian social responsibility projects

May 19, 2020
Toshiba Group firms and its employees have pledged to donate over $250,000 to the Indian government to help tackle COVID-19. The company released a statement explaining that the donations were … read more »
May 19, 2020

Nynas exits US sanctions

May 13, 2020
The US Treasury Department’s Office of Foreign Asset Control (OFAC) has announced that Swedish oil specialist Nynas is no longer being blocked pursuant to the Venezuela Sanctions Regulations. As a … read more »
May 13, 2020

U.S. sees 10% decrease in transformer exports for Q1 2020

May 8, 2020
U.S. exports of electrical power transformers (all sizes) decreased by 10.5% for the 1ST quarter of 2020, compared to the same quarter of last year (Q1 2019). USA imports of … read more »
May 8, 2020

China’s Sinotec sanctioned by African Development Bank

May 4, 2020
The African Development Bank has debarred China-registered Sinotec Company Limited from its projects for three years for exaggerating its experience. An investigation conducted by the Bank’s Office of Integrity and … read more »
May 4, 2020