Here is Read Magazine’s Weekly Roundup of the top news from global markets. In this fast paced world, breaking down information helps readers grasp the nuances that follow the news.
In Aerospace News this week…
Pratt & Whitney, a Raytheon Technologies Corp. business, announced that Qantas Airways has confirmed selection for Pratt & Whitney GTF™ engines to power 40 Airbus A220 and A320neo family aircraft, including A321XLR, which the airline will operate on domestic and short-haul international routes.
General Dynamics Information Technology, a business unit of General Dynamics , announced that it was awarded the Environmental Protection Agency (EPA) Managed Application, Infrastructure, Networking, Enterprise, and Security Services (MAINES) task order by the General Services Administration Federal Systems Integration and Management Center.
In Automotive News this week…
Momentum Dynamics Announces Dual-Power Breakthrough in Automatic Inductive Charging
Momentum Dynamics, which has been commercializing fully automated inductive (wireless) charging for electric vehicles (EVs) since 2014, announced a major breakthrough with enormous implications for the EV industry: a wireless system that provides the ability to charge light-duty EVs at both high (50-75kW) and low (7-22kW) power.
Volkswagen Supplier Innovates Rubber Gasket Inspection Machines in Mexico
Morgan Polymer Seals announced the innovation of its in-house vision inspection technology for a Volkswagen filter plate seal used in a vehicle’s Transmission Electro-Hydraulic Control Module (TECHM).
In news from the Banking, Finance, Securities and Insurance sector this week…
Tradewind Finance Provides $5 Million Receivables Financing for Mauritanian Clothing Company
Tradewind Finance recently provided receivables financing of 5 million US dollars to a garment manufacturer from Mauritius. A diversified company with 1,200 employees, it specializes in manufacturing and finishing denim products for distribution to leading retailers worldwide, including Australia and Europe.
Arthur J. Gallagher & Co. Acquires Lighthouse Insurance Group, LLC
Arthur J. Gallagher & Co. announced the acquisition of Independence, Ohio-based Lighthouse Insurance Group, LLC (LIG). Terms of the transaction were not disclosed.
In Energy and Power Sector News this week…
TAKKION Acquires Harvest Energy Services
TAKKION TP&L Holdings LLC, a portfolio company of funds managed by affiliates of Apollo Global Management, Inc. announced that it has acquired Broomfield, CO-based Harvest Energy Services, LLC . Harvest is an independent services provider of operations and maintenance solutions to the renewable energy industry.
Risen Energy signs contracts to supply over 2GW solar modules with high strength alloy steel frame
Chinese solar module manufacturer Risen Energy Co., Ltd. recently announced that the company has signed contracts to supply 2GW 210 series solar modules with high strength alloy steel frame to projects across Spain as well as in Hainan and Guangxi provinces following the launch of the modules in November 2021, with shipments to date exceeding 300MW.
In Chemicals News this week…
Albemarle Corporation Announces Dividend
The Board of Directors of Albemarle Corporation announced that it has declared a quarterly dividend of $0.395 per share. The dividend, which has an annualized rate of $1.58, is payable July 1, 2022, to shareholders of record at the close of business as of June 10, 2022.
Nation Ford Chemical Achieves Platinum EcoVadis Certification
Nation Ford Chemical (NFC) has been recognized by achieving a Platinum sustainability rating from EcoVadis, the world’s largest and most trusted provider of business sustainability ratings.
In IT news this week…
Volition Launches First-Ever Online Industrial Parts Marketplace, an Answer to Supply Chain Woes
Volition’s new industrial marketplace might have arrived just in time; the company just launched a private beta version of their technology that may present a solution to our parts problem.
ColdQuanta Hires General Manager to Drive Growth of Quantum Components
ColdQuanta, the global quantum ecosystem leader, announced the appointment of Dr. Neil Anderson, Ph.D. as General Manager of Quantum Components.