Global energy infrastructure leader, Prolec GE, a Prolec subsidiary of a joint venture between GE and Xignux, a Mexico-based private company, today announced additional manufacturing investments of $85 million to meet unprecedented North American demand for single-phase pad-mount transformers. Prolec GE will increase its manufacturing capacity in Monterrey by equipping a new facility capable of annually duplicating the number of transformers produced at its existing Mexico facility.
Eastern Metal Supply, one of the largest value-added distributors of aluminum products in the U.S. and a Wynnchurch Capital L.P. portfolio company, has sold its Eastern Architectural Systems division to Cornerstone Building Brands Inc., the largest manufacturer of exterior building products in North America by sales.
FANUC and Volvo Cars have signed a global contract that sets out a programme of robot supply to the automotive manufacturer’s plants across the globe. The contract will see FANUC provide industrial robots for all the various production shops included in a modern car manufacturing facility, including new battery production facilities in Europe, Asia and America.
vitricity has developed GraviStore, an innovative gravity energy storage system that offers some of the best characteristics of lithium-ion batteries and pumped hydro storage
ABB will assist Gravitricity in accelerating the technology towards commercial adoption
For ABB’s mining customers, this partnership brings new sustainability opportunities beyond shaft decommissioning
ABB to supply over 1,300 robots including functional packages to Volvo Cars for the next generation of electric vehicles
ABB’s new family of energy efficient large robots and OmniCoreTM controllers will help Volvo Cars deliver energy savings of up to 20 percent and achieve its ambitious sustainability targets
Deployment will start in 2024 at Volvo Cars’ production sites in Torslanda (Sweden) and Daqing (China)
ATS Corporation (TSX and NYSE: ATS) (“ATS” or the “Company”), today announced that the Toronto Stock Exchange (“TSX”) has accepted a notice filed by it of its intention to make a normal course issuer bid (“NCIB”). As of December 1, 2023, ATS had a total of 98,899,883 common shares issued and outstanding. Under the NCIB, ATS will have the ability to purchase for cancellation up to a maximum of 8,044,818 common shares, representing approximately 10% of the public float of 80,448,183 common shares of the Company that were issued and outstanding as of December 1, 2023.
