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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

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

Hammond Power Solutions report 9% decrease in bookings for Q1

Apr 30, 2020
Hammond Power Solutions Inc., a leading manufacturer of dry-type and cast resin transformers and related magnetics, has announced its financial results for the first quarter of 2020. Bookings decreased 8.8% … read more »
Apr 30, 2020

COVID-19 materially challenged GE’s Q1 results

Apr 30, 2020
GE has released its Q1 2020 financial report, highlighting the impact of COVID-19 on the industrial giant’s returns. The company’s Power segment reported a 12% increase in orders from the … read more »
Apr 30, 2020

Schneider Electric shows drop in Q1 sales

Apr 29, 2020
Schneider Electric has posted a smaller-than-expected quarterly revenue decline, citing the significant impact from the COVID-19 pandemic as global shutdowns to curb the fast-spreading virus take effect. The French electrical … read more »
Apr 29, 2020

Transformer order intake in Canada increased by 91%

Apr 27, 2020
The February 2020 production values and order intakes for power transformers in Canada have increased by 18.5% and 90.9%, respectively, compared to the same month of last year (February 2019). … read more »
Apr 27, 2020

Expert white paper: The world of DGA monitoring and its uncertainties

Apr 23, 2020
With multiple online gas monitors for transformers on the market, it can be difficult for owners to compare and evaluate the different options. There are various factors to consider when … read more »
Apr 23, 2020

U.S. transformer manufacturers report increase in order intakes

Apr 22, 2020
The Q4 2019 order intakes for two selected U.S. power transformer manufacturers have increased by 56% and 16%, respectively, compared to the same quarter of last year (Q4 2018). Order … read more »
Apr 22, 2020

Virginia Transformers implement new measures to protect against COVID-19

Apr 15, 2020
Roanoke-based Virginia Transformer has rolled out a new set of initiatives to help protect its workers as production continues amid the global COVID-19 pandemic. “We’ve seen past outbreaks such as … read more »
Apr 15, 2020

Maynards to sell off contents of Israel’s VRT Power

Apr 8, 2020
Global liquidation specialists Maynards have undertaken the sale of the complete contents of VRT Power in Israel. The project will include logistics partners offering turnkey solutions to relocate and recommission … read more »
Apr 8, 2020