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Sunpower secure new centralised steam BOT project worth RMB95 million

SINGAPORE, Jan 25, 2016 – Mainboard-listed Sunpower Group Ltd. (“Sunpower” or “the Group”), a China-based heat transfer technology specialist engaged in the design, R&D and manufacture of energy-efficient and environmental protection equipment for diverse industries, has secured a centralised steam Build-Operate-Transfer (“BOT”) project (“Lianshui Project” or the “Project”) in Lianshui Economic Development Zone (the “Zone”) which is located at Jiangsu Province, China. Currently, the Zone has no centralised steam facility and each manufacturing plant relies on its own individual small coal-fired boilers for steam. The small boilers are highly energy inefficient and very polluting with carbon and pollution emissions. The Group’s wholly-owned subsidiaries, Sunpower Clean Energy Investment (Jiangsu) Co., Ltd. (“Sunpower Clean Energy”, and Sunpower Technology (Jiangsu) Co., Ltd. (“Sunpower Technology”) have entered into a joint venture agreement with Huai’an Qinglian Environmental Protection Engineering Co., Ltd., a subsidiary of the Lianshui Economic Development Zone’s Central Management Committee, to form an entity to invest in the Project together. The Group will hold 95% equity stake in the newly formed joint venture entity. Phase I of the Project will comprise two coal-fired boilers with a capacity of 40 tonnes per hour each and steam distribution pipelines, supplying steam to more than 20 companies in the Zone. The Project was secured on a BOT basis for a concession period of not more than 30 years and is expected to commence operation in the second half of 2016. Following the Changrun Project (announced on 23 December 2015), the Lianshui Project is another centralised steam low carbon and pollution emission project which will contribute to the Group’s EPC revenue and bring in another stream of recurring income. Clean coal-fired boilers will be adopted in this Project as it is highly energy efficient, less polluting, has low operating cost and safer to operate. According to the […]

Siemens to acquire simulation software supplier CD-adapco

SINGAPORE, 26 JANUARY 2015 – Siemens and CD-adapco have entered into a stock purchase agreement for the acquisition of CD-adapco by Siemens. The purchase price is $970 million. CD-adapco is a global engineering simulation company with software solutions covering a wide range of engineering disciplines including Fluid Dynamics (CFD), Solid Mechanics (CSM), heat transfer, particle dynamics, reactant flow, electrochemistry, acoustics and rheology. Last fiscal year, CD-adapco had over 900 employees and revenue of close to $200 million with software-typical double digit margins. On average, CD-adapco increased its revenue at constant currencies by more than 12 percent annually over the past three fiscal years. Siemens expects this business to continue to experience strong growth in the future. “As part of its Vision 2020, Siemens is acquiring CD-adapco and sharpening its focus on growth in digital business and expanding its portfolio in the area of industry software. Simulation software is key to enabling customers to bring better products to the market faster and at less cost. With CD-adapco, we’re acquiring an established technology leader that will allow us to supplement our world-class industry software portfolio and deliver on our strategy to further expand our digital enterprise portfolio,” said Klaus Helmrich, member of the Managing Board of Siemens. CD-adapco is a global engineering simulation company with a unique vision for Multidisciplinary Design eXploration (MDX). Engineering simulation provides the most reliable flow of information into the design process, which drives innovation and lowers product development costs. CD-adapco simulation tools, led by the flagship product STAR-CCM+, allow engineers to discover better designs, faster. CD-adapco now has over 3,200 customers worldwide. Its software is currently used by 14 of the 15 largest carmakers, by all of the top ten suppliers to the aerospace industry and by nine of the ten largest manufacturers in the energy and […]

Asia Manufacturing News Media Kit 2016

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Körber AG concludes acquisition of Efacec Handling Solutions

Singapore, 17 December 2015 – As part of a strategic reorganization of the Efacec Group, Efacec Handling Solutions (Efacec), previously an Efacec subsidiary, is now part of Körber AG, an international technology group (effective from 17 September 2015). With this move, Efacec’s international presence across Portugal, Czech Republic, India, Singapore, and Spain strengthens Körber’s Logistics Systems Business Area. The acquisition of Efacec internationalizes Körber’s logistics business, further expanding Körber AG’s reach and capabilities. Most notably, Körber augments its ability to offer more innovative and quality warehousing solutions to existing and new global accounts. The company also gains Efacec’s three decades of experience operating in the Asian market, as well as its complementary capabilities and in-house material handling and storage systems solutions. Jorge Manuel Couto, Global Business Development Director at Efacec, said, “We are enthusiastic to join the Körber family, combining our expertise with theirs to deliver the highest levels of automated warehousing technologies to manufacturers across the globe. As logistics operations become more complex, and as warehouse regulations become more stringent, the demand for superior logistics capabilities is increasing. Efacec is confident that its material handling expertise will propel Körber’s logistics unit towards greater success, and we look forward to being a part of this dynamic organization.”

TDK to Acquire Micronas to Further Grow the Magnetic Sensor Business

TOKYO and ZURICH, Dec 17, 2015 – TDK Corporation (“TDK”, TSE: 6762) and Micronas Semiconductor Holding AG (“Micronas”, SIX: MASN) jointly announced today that the two companies have entered into a definitive agreement pursuant to which TDK will launch an all cash public tender offer for all publicly held registered shares of Micronas for CHF 7.50 per share. On a fully diluted equity-value basis, the transaction is valued at approximately CHF 214 million. This represents a 63.0% premium over Micronas’ closing share price on December 16, 2015, the trading day immediately preceding the pre-announcement of the offer, and a 69.7% premium to the volume weighted average price during the last 60 trading days prior to pre-announcement of the offer. TDK is endeavoring to further expand earnings from its five priority businesses in the three priority markets of automobiles, industrial material and ICT. TDK’s strengths in magnetic materials technologies have been broadly applied in its product lineup. In particular, magnetic sensors leveraging magnetic thin-film technologies nurtured in hard disk drive (HDD) magnetic heads are a strategic product line. Demand for the sensors has increased substantially, especially in the fields of automobiles and industrial material among TDK’s three priority markets of automobiles, industrial material and ICT. Among these, a sensor that uses a TMR element (TMR sensor), which has entered full-scale mass production this year, offers extremely high precision and is also able to be miniaturized. It has drawn widespread attention from in and outside of Japan as an optimal highly functional sensor, mainly for the automobile industry. Micronas is a leading supplier of hall-effect sensors for the automotive industry with more than 30 years automotive experience. Micronas today offers the world’s broadest range of hall-effect sensors and embedded motor controllers for the automotive and industrial market. Hall-effect sensors from Micronas are […]

Commsoft launches new corporate identity

Commsoft has launched a new corporate identity designed to emphasise its flagship OASES (Open Aviation Strategic Engineering System) product. Created by, and for, engineers, OASES is one of the most successful aviation engineering and maintenance systems in the world combining ease of use with highly sophisticated functionality. As part of a strategy to ensure a clear and consistent image across all media, a new logo has been designed to project a more modern feel whilst still retaining a link to the heritage of OASES. In addition, the identity has been carried through to a new-look website – optimised for SEO and for mobile platforms and better integrated with social media – as well as to a new LinkedIn page. There will also be a progressive updating of all OASES product and marketing literature. Structured in a modular format to allow for scala bility, OASES is continually being developed with the active participation of its more than 90 worldwide users, including national carriers, 3rd party maintainers, regional carriers, cargo specialists, charter operators and specialist rotable stockists. Reflecting Commsoft’s extensive capabilities in the key areas of data migration, training and interfacing to external systems, OASES can either be installed on a user’s own hardware or accessed through the company’s OASES Cloud service.

Rockwell Automation Reports Fourth Quarter and Full Year 2015 Results

Highlights • Fourth quarter sales down 10 per cent year over year; down 2 per cent organically • Fourth quarter Adjusted EPS of US$1.57; diluted EPS of US$1.50 • Full year Adjusted EPS of US$6.40, up 4 per cent despite 5 per cent lower sales; diluted EPS of $6.09 • Record fiscal year free cash flow and ROIC • Company increases dividend 12 per cent • Company provides fiscal 2016 Adjusted EPS guidance of US$5.90 – US$6.40 SINGAPORE – 13 November 2015 – Rockwell Automation, Inc. (NYSE: ROK) today reported fiscal 2015 fourth quarter sales of US$1,607.5 million, down 9.8 per cent from US$1,781.8 million in the fourth quarter of fiscal 2014. Organic sales decreased 2.3 per cent, and currency translation reduced sales by 7.6 per cent. Fiscal 2015 fourth quarter Adjusted EPS was US$1.57, down 16 per cent compared to Adjusted EPS of US$1.86 in the fourth quarter of fiscal 2014. Total segment operating earnings were US$335.8 million in the fourth quarter of fiscal 2015, down 15 per cent compared to US$395.8 million in the same period last year. Results in the fourth quarter of fiscal 2015 included US$12 million of restructuring charges. Total segment operating margin decreased to 20.9 per cent from 22.2 per cent a year ago, primarily due to lower operating margin in the Architecture & Software segment. On a GAAP basis, fiscal 2015 fourth quarter net income was US$201.3 million or US$1.50 per share, compared to US$248.7 million or US$1.79 per share in the fourth quarter of fiscal 2014. Pre-tax margin decreased to 17.3 per cent from 19.0 per cent in the same period last year. Full Fiscal Year 2015 Sales were US$6,307.9 million in fiscal 2015, down 4.8 per cent compared to US$6,623.5 million in fiscal 2014. Organic sales increased 1.1 per cent, and […]

VIDEO: Mitsubishi MRJ 1st Test Flight

MRJ Completes First Flight

Nagoya: Mitsubishi Aircraft Corporation and Mitsubishi Heavy Industries, Ltd. (MHI) today conducted the first flight of the first flight test aircraft for the MRJ (Mitsubishi Regional Jet), their next-generation regional jet. The MRJ took off from Nagoya Airport and confirmed its basic characteristics and functionality in ascent, descent and turning in airspace off the Pacific coast during its 1.5-hour first flight. “The MRJ successfully took to the sky today thanks to ongoing cooperation and support from all members involved,” said Hiromichi Morimoto, President, Mitsubishi Aircraft Corporation. “We will make our utmost efforts towards type certificate acquisition, committing all our resources to develop and produce the finest regional jet aircraft to enter commercial service in 2017.” “Operational performance of the MRJ was far better than expected. We had a significantly comfortable flight,” said Pilot Yasumura, who served as captain. Mitsubishi Aircraft and MHI will continue to conduct flight tests for the first delivery scheduled for the second quarter of 2017. The flight tests in the US are scheduled to start in the second quarter of 2016, from the MRJ base at Grant County International Airport at Moses Lake in Washington State. Going forward, Mitsubishi Aircraft and MHI continue to devote their collective resources towards the successful completion of the MRJ project.

MHIEC Receives Order to Refurbish 525 tpd MSW Incineration Plant in Nishonomiya City, Hyogo Prefecture, Japan

TOKYO – Mitsubishi Heavy Industries Environmental & Chemical Engineering Co., Ltd. (MHIEC), a group company of Mitsubishi Heavy Industries, Ltd. (MHI), has received an order from Nisihinomiya City in Hyogo Prefecture, Japan, to refurbish core components at the Nishinomiya Waste Municipal Refuse Disposal Center, a municipal solid waste (MSW) incineration plant. The order calls for refurbishment of a stoker type incineration plant(1) with a total capacity of 525 tons per day (tpd) to maintain the plant’s functionality, extend its service life, and further enhance energy conservation. The 2.48 billion yen project is slated for completion in March 2020. The existing MSW incineration plant was designed and constructed by MHI and completed in August 1997. The plant incorporates three stoker incinerators with capacity of 175 tpd each, and can generate up to 6 megawatts (MW) of electricity. The order just placed with MHIEC includes the replacement or refurbishment of superannuated equipment used primarily for incineration, combustion gas cooling, flue gas treatment and ventilation, as well as electrical and instrumentation systems. The refurbishment project will also target enhanced energy conservation, largely through the adoption of MHIEC’s proprietary new exhaust gas recirculation (EGR) low excess air combustion system and use of high-efficiency invertor motors in key equipment. With these measures the refurbished plant will be able to reduce CO2 emissions by more than 20%, or 2,200 tons of CO2 per year, to help curb global warming. Modification and improvement of existing MSW incineration plants are increasing to extend their operational lives and reduce their environmental impact. This trend has also accelerated since the Japanese national government introduced a subsidy system in 2015 to help extend operational life and enhance energy savings at local waste treatment facilities.(2) MHIEC took over MHI’s waste treatment plant business in 2008, acquiring MHI’s technological development capabilities in environmental […]

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