Industry News

SolarCity plans to start making solar panels at its South Buffalo factory by the end of June next year-- several months sooner than it had been expecting. Company officials also now believe they can significantly increase the plant's capacity beyond the 1 gigawatt originally planned. Improvements in the equipment that the factory will use, combined with a more efficient layout within the plant, should allow the factory to make more solar panels than would have been..."/>
Officials move up opening date for SolarCity plant in South Buffalo [The Buffalo News, N.Y.]
Pointer Telocation Reports Q2 2016 Financial Results
Manitowoc Foodservice, Inc., today announced solid financial results for its 2016 second quarter. Net sales in the second quarter were $368.4 million compared to $407.7 million in last year’ s second quarter, a 9.6 percent decrease."/>
Manitowoc Foodservice Reports Solid Second Quarter Results
China Yuchai International Limited, a leading manufacturer and distributor of engines for on-road and off-road applications in China through its main operating subsidiary, Guangxi Yuchai Machinery Company Limited, announced today its unaudited consolidated financial results for the second quarter and first six months ended June 30, 2016. The financial information presented herein for the second quarter of 2016 and 2015 is reported..."/>
China Yuchai International Announces Unaudited Second Quarter 2016 Financial Results
Holding bill moves ahead [Bangkok Post, Thailand]
Middleby Corporation on Thursday reported that for the second quarter ended 2 July 2016, its net earnings were USD73m or USD1.28 per share, increased from the net earnings of USD54.3m or USD0.95 per share in the same quarter of 2015.. Restructuring expenses reduced net earnings per share by USD0.07 and USD0.02 in the 2016 and 2015 second quarter periods, respectively. Net sales for the second quarter were USD580.1m, up by 33.1% compared to the net sales of USD436.3m in the..."/>
Middleby reports increased net earnings for Q2 2016 year over year
EnerSys on Wednesday declared quarterly dividend of USD0.175 per share of the company's common stock. Holders of record as of 16 September 2016 will receive the cash dividend on 30 September 2016.. EnerSys provides stored energy solutions for industrial applications as well as manufactures and distributes reserve power and motive power batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosure solutions..."/>
EnerSys' board sets dividend payment date of 30 September 2016
Trucept Inc. has filed its second quarter report for 2016. The Company earned a net profit of approximately $1.6 million for the six months ending June 30, 2016.. For the three-month period ending June 30, the company earned a net profit of $920,526. This is a 30 percent increase in profitability over the previous quarter."/>
Trucept Inc. Files Second Quarter Report For 2016
Fuel Tech stated on Wednesday that it recorded a net loss of USD2.6m, or USD0.11 per diluted share, for the second quarter ended 30 June 2016.. This marks a decline in earnings when compared with net loss of USD1.4m, or USD0.06 per diluted share, in the same period last year. Consolidated revenues of USD15.2m were collected for the second quarter 2016, down versus USD18.7m in the second quarter 2015, reflecting slower business activity within the Air..."/>
Fuel Tech's net loss widens to USD2.6m in Q2 2016
Lockheed Martin is enabling quick-startup infrared sensors for missile and sensor applications. Cryocoolers are standard components in IR-sensing platforms, from space observation to weapons targeting, and this new highly-compact product enables faster activation and smaller packaging. "The Fast Cool Down Microcryocooler makes sure our military can have rapid-reaction systems, from missile to passive sensor..."/>
Lockheed Martin's Micro Cooling Device Now Gets Defense, Satellite Systems Up and Running 4x Faster
Fuel Tech reported on Wednesday that it has entered into marketing and supply agreements with Redox Solutions and PowerPlus Cleaning Systems to address high-demand areas of mercury control along with boiler cleaning and efficiency. Fuel Tech has signed a five-year license agreement with Redox Technology Group, which has developed a patented approach for the production of a highly amorphous iron sulfide based product to enhance total..."/>
Fuel Tech signs new marketing and supply agreements for boiler cleaning and mercury control technologies
Orbital ATK Inc, a provider of aerospace and defence technologies, on Wednesday reported preliminary, unaudited net income of USD72.1m, or diluted EPS of USD1.23, for the second quarter of 2016, ended 3 July 2016.. This was in comparison with net income of USD54.8m, or diluted EPS of USD0.92, in the second quarter of 2015.. Preliminary, unaudited revenues for the quarter was USD1, 052 m, down by 2.3% as compared with USD1, 077 m in the same period a year ago."/>
Orbital ATK posts preliminary, unaudited met income of USD72.1m in Q2 2016
Russel Metals Inc on Wednesday declared a dividend of CAD0.38 per share on its common shares. All shareholders of record at the close of business on 29 August 2016 will be paid the dividend on 15 September 2016.. A large metals distribution company, Russel Metals operates in three metals distribution segments, metals service centres, energy products and steel distributors, under various names."/>
Russel Metals announces dividend of CAD0.38 per share
Hudson Technologies Inc announced on Wednesday that certain executive officers of the company have filed notifications on Form 144 with the Securities and Exchange Commission, of their intent to sell an aggregate of 1.1 million shares of Hudson common stock. Reportedly, out of these 1.1 million shares, 1,071,456 have been sold as of the close of trading on 9 August 2016 and the respective executives have filed Form 4 s disclosing such sales. Following the completion in full of..."/>
Hudson Technologies’ executive officers sell stock
ITT Inc. has declared a third-quarter cash dividend of 12.4 cents per share on the company's outstanding stock."/>
ITT declares third-quarter dividend of 12.4 cents per share
Boston Herald The Ticker column [Boston Herald]
Shapir Engineering and Industry Ltd., the company responsible for tunneling works in this line. Repair of defects will cost NIS 50 million, he says. Pantorin told "Globes" that Israel Railways had refused Shapir's request to receive an expert's opinion regarding design flaws at the..."/>
Jerusalem fast rail link could be delayed one year [Globes, Tel Aviv, Israel]
UltraTech Cement Ltd on Wednesday said India's anti-trust regulator has approved its deal to buy Jaypee Group's cement business. On 4 July, Mint reported that UltraTech Cement amended an agreement with Jaiprakash Associates Ltd, agreeing to buy its 21.1 million tonne cement assets for Rs.16, 189 crore, Rs.289 crore higher than the enterprise value agreed upon earlier. "...the Competition Commission of India has by its letter dated 8..."/>
CCI clears UltraTech Cement's Rs16,189 crore deal with Jaiprakash Associates [Mint, New Delhi]
Grasim Industries Ltd and Aditya Birla Nuvo Ltd, which are meeting on Thursday to review their June quarter earnings, will also consider a multi-phase restructuring plan involving the merger of the two firms and listing of the financial services business by way of a part demerger, according to two people close to the development. The Kumar Mangalam Birla-controlled Aditya Birla Group has been trying to restructure its business for the past five..."/>
Grasim Industries, Aditya Birla Nuvo boards to consider merger today [Mint, New Delhi]
Macquarie Infrastructure and Real Assets, an arm of Australia's Macquarie Group Ltd, and realty firm Tata Housing Development Co. Ltd are close to setting up a joint investment platform to invest about Rs.2, 000 crore in residential projects, said three people familiar with the negotiations. This will be one of the largest investment partnerships in residential real estate in India between a global investor and a developer. Out of the Rs.2, 000 crore equity..."/>
Macquarie Infrastructure, Tata Housing to partner for Rs2,000 crore projects [Mint, New Delhi]

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