Following approval from the European Union Commission, Siemens has acquired Dresser-Rand, a supplier of products and solutions for the oil & gas industry and distributed power generation. The transaction closed at the end of June, and totalled US$7.8 billion.
Read more...Total has announced its plans to build its largest lubricants oil blending plant in Singapore. With an annual production capacity of 310,000 metric tonnes, the new major hub will boost the company’s lubricant supply in the Asia-Pacific region, which accounts for more than a quarter of the company’s lubricant sales.
Read more...The total value of Japanese machine tool orders in May was 138.55 billion yen (US$1.13 billion). This was up 2.9 percent from April, and represented a 15 percent increase in growth from the same period last year. Total orders for the previous four consecutive months surpassed US$1.06 billion, with the highest record marked in May.
Read more...Hexagon Metrology has signed a Memorandum of Understanding (MOU) with Singapore institution, Republic Polytechnic (RP), to collaborate on knowledge sharing and joint projects for manufacturing applications and processes.
Read more...Okuma America Corporation has announced that CGTech, a developer of CNC software for simulations, verification, optimisation and analysis technology, has joined Partners in THINC. The association provides technologies integrated with Okuma’s CNC machines and controls in order to deliver advanced manufacturing system solutions.
Read more...Thai exports have continued to contract in May for the fifth consecutive month, by 5.01 percent year-on-year to US$18.4 billion, according to Somkiat Triratpan, director of the Commerce Ministry’s Bureau of Trade and Strategy.
Read more...Boeing has announced that its current president and chief operating officer Dennis Muilenburg will take on the role of CEO with effect from 1 July 2015. He succeeds Jim McNerney, who has served the company in his position for the past 10 years.
Read more...OMAX Corporation has recently announced their new sales manager for Asia, William Wei. In his new position, Mr Wei will be supporting the company’s distribution partners, and serve customers throughout China and Taiwan who require abrasive waterjet equipment.
Read more...Toshiba Global Commerce Solutions have announced its continued commitment to Singapore with an expanded manufacturing presence to include the SurePOS 700 series of POS systems, which will be produced on Toshiba TEC Singapore Private Limited (TSE) premises.
Read more...PTC Group Holdings Corporation have announced several leadership changes to their Board. Effective from June 12, 2015, Christopher W Parker is chairman, Curtis G Solsvig III is chief executive officer (CEO) and director, and Cary Hart is president and director. Previous chairman, president and CEO Peter Whiting has resigned from his position effective from the same date to pursue new opportunities.
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