ABB reports growth in the first quarter of 2012

ABB, the Zurich, Switzerland-based electrical manufacturer, reported higher orders and revenues in the first quarter of 2012, led by growth in North America. Operational Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) declined 7% compared to the same quarter a year earlier while net income was up 5%. Orders were 2% above the high levels [...]

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General Tools & Instruments celebrates 90th anniversary

General Tools & Instruments, headquartered in New York City, is celebrating its 90th anniversary.  The company will be at the National Hardware Show, May 1-3 at the Las Vegas Convention Center, an event they helped launch, to acknowledge the milestone. General Tools & Instruments began as General Hardware in 1922 as the brainchild of Abe [...]

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EBCI for North American conditions slowed in April

The National Electrical Manufacturers Association’s (NEMA) Electroindustry Business Confidence Index (EBCI) for current North American conditions retreated nearly 13 points in April to 59.1, following a sharp run-up earlier in the year to its highest levels since 2005. Despite the slide seen in the latest month, the index continues to point to an “economic environment [...]

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Shermco’s Mike Moore to present papers at Region VI VPP Safety Conference

Mike Moore, vice president of Shermco Industries, the Irving, Tex.-based provider of testing, repair, and maintenance of rotating apparatus and electrical power distribution systems, will be presenting four papers at the 2012 Region VI VPP Safety Conference, May 15-18, at the Fort Worth Convention Center. On Wednesday, May 16, 11:30 A.M. to 12:30 P.M., he will present [...]

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APEM celebrates 60 years of switch manufacturing

APEM, a Haverhill, Mass.-based manufacturer of industrial switches and joysticks, announced that it is celebrating its 60th anniversary. From its founding in 1952 as a manufacturer of toggle switches,  APEM has grown into a manufacturing group with more than 120 product lines produced in 12 manufacturing facilities across 4 continents. The company today supplies professional [...]

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Peerless Electronics announces six new eCommerce stores

Peerless Electronics, the Bethpage, N.Y.-based stocking distributor of electromechanical and interconnect products, has launched its new online eCommerce Vertical Market Initiative. Customers will be able to shop online from product catalogs tailored to their specific industry from Peerless’ inventory of electromechanical and interconnect components. Each online product includes specs, technical descriptions, manufacturer hyperlinks, photos (many [...]

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ISA economic report down slightly from last month but expansion continues

According to the latest Industrial Supply Association Economic Indicators Report (EIR), activity among its manufacturer and distributor members dipped slightly compared to last month but remains in positive territory. The report showed manufacturer activity at 61.82% compared to 63.99% the previous month and the distributor index at 62.86% compared to 64.83% in February. For each [...]

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Mage Solar Academy launches “Solar Business and Technical Sales” training series

Mage Solar Academy, part of the globally operating Mage Solar and located at the corporate campus in Dublin, Ga., announced that it is offering two newly developed classes that will teach participants “proven practices as well as essential technical know-how to successfully establish and maintain a business in the quickly expanding solar industry.” On April 20, [...]

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Siemens to provide high-speed motor application for U.S. natural gas pipeline

The Drive Technologies Division of Siemens Industry, Inc. announced today a multi-million dollar drive train project with global natural gas company Williams Partners to provide a high-speed motor application for a natural gas pipeline. Through its partnership, Siemens will provide two 16,000 HP (4,160 V input) ROBICON Perfect Harmony WCIII drives and two 7,200 V [...]

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Nidec to acquire Italian motor manufacturer Ansaldo Sistemi Industriali S.p.A.

Nidec Corp., a motor manufacturer based in Kyoto, Japan, has agreed to acquire Ansaldo Sistemi Industriali S.p.A., an Italian industrial motor manufacturer for wind power and hydroelectric generators. The move was made by Nidec as a bid to boost its presence in overseas marekts.  Established in 1853, Ansaldo posted sales of 292 million euros ($383 million U.S.) [...]

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