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Peugeot Should Pay Penalty for Pullout from Iran: Official
August 12, 2018
An Iranian deputy minister said French automaker Peugeot has to pay penalty for backing out of a contract it had already signed with Iran. In an interview with Tasnim, Iranian Deputy Industry Minister Mohsen Salehinia pointed to Peugeot’s refusal to work with Iran under a new wave of US sanctions, saying the French company must pay penalty for cancelling its contract with Iran. Peugeot"...
Sumitomo SHI FW Wins Contract for CFB Boiler Island in South Korea
August 9, 2018
Sumitomo SHI FW (SFW) announced today that it has been awarded a contract by Hyundai Engineering & Construction Co. (HDEC) for design and supply of the Daesan Biomass Power Plant boiler island. Commercial operation of the new biomass CFB power plant is scheduled for the end of 2020. SFW will design and supply the 109 MWe CFB steam generator and auxiliary equipment for the boiler island. The CFB boiler will be designed to burn wood pellets, while meeting applicable environmental regulatory requirements. SFW has supplied over 30 CFB steam generators in South Korea. This is SFW’s third CFB boiler unit in South Korea firing biomass as its primary fuel. Tomas Harju-Jeanty, CEO, SFW, said: “We are proud to be such an integral part of South Korea’s energy solutions. Together with HDEC and our CFB technology, we will help to meet Korea’s energy needs in an environmentally......
German automaker halts operations in Iran as US reimposes sanctions
August 8, 2018
German automaker Daimler on Tuesday said it was halting its business activities in Iran after the United States re-imposed sanctions on Tehran. “We have suspended our already limited activities in Iran in accordance with the applicable sanctions,” a spokeswoman said in a statement sent to AFP, adding that Daimler was closely monitoring political developments. The"...
Yamaha Motor Earnings Continue to Rise in Second Quarter
August 8, 2018
Yamaha Motor Co., Ltd. (TOKYO:7272)(ISIN:JP3942800008) announced today that in the first half of its fiscal year ending December 31, 2018, consolidated net sales of 851.3 billion yen were up 2.8% from the previous year. The company achieved all-time highs in operating income of 82.2 billion yen (up 0.1%), however saw a 5% decrease in ordinary income to 79.3 billion yen and 6.3% decrease in net income for the period attributable to parent company shareholders to 57.0 billion yen. Net sales increased thanks to healthy results in the emerging markets motorcycle business, the marine business, and the industrial machinery and robots business. Operating income increased on the back of motorcycle product mix improvements in emerging markets and the industrial machinery and robots business absorbing decreased income in the developed markets motorcycle business. Motorcycle net sales rose 3.7%, supported......
Bentley Systems Announces Finalists in the Year in Infrastructure 2018 Awards Program
August 7, 2018
Bentley Systems, Incorporated, a leading global provider of comprehensive software solutions for advancing infrastructure, today announced the finalists in the Year in Infrastructure 2018 Awards program. The annual awards program honors the extraordinary work of Bentley users advancing infrastructure design, construction, and operations throughout the world. Twelve independent jury panels of distinguished industry experts selected the 57 finalists from 420 nominations submitted by more than 340 user organizations around the"...
Truckers’ Strike in Iran Continues
August 2, 2018
Truck drivers and owners in Ishafan, Iran, were joined for the second day of their strike by large crowds of people, especially the youth, on Wednesday, August 1, when they marched to the city’s main streets. The striking truckers and their thousands of supporters are protesting skyrocketing prices, repeated power outages, rampant corruption,"...
Quanergy Achieves IATF 16949 Automotive Production Certification
July 31, 2018
Quanergy Systems, Inc., a global leader in the design and development of solid state LiDAR sensors and smart sensing solutions, today announced that the production line for its solid state LiDAR sensors has achieved IATF 16949 certification. The International Automotive Task Force (IATF) 16949 is a certification that denotes requirements for a quality management system for organizations within the automotive industry. To qualify and meet certification"...
French Carmaker Renault Likely To Halt Iran Operations As Other Companies Leave
July 30, 2018
French car manufacturer Renault says it is likely to leave Iran to avoid renewed U.S. sanctions in spite of previous promises to remain. Several other major companies including Maersk, Total, Peugeot, General Electric, Boeing, Reliance, and Siemens have already left Iran to evade U..S sanctions, which economic experts in Iran say will hit Iranians even harder in about four months' time. loomberg"...
TRIGO Widens its Service Portfolio and Sector Exposure by Acquiring SCSI
July 30, 2018
TRIGO has acquired 100% of the capital of Supply Chain Services International, otherwise known as SCSI. SCSI is headquartered in Peoria, Illinois, USA, with operations in the United States, Europe and Asia. This acquisition supports TRIGO’s strategy to expand its service portfolio towards advanced supply chain services and to penetrate new market segments within the transportation industry. Co-founded in 2001 by Pierre Lewin and Patrick Peronnet"...
French Carmaker Likely To Halt Iran Operations As Other Companies Leave
July 29, 2018
French car manufacturer Renault says it is likely to leave Iran to avoid renewed U.S. sanctions in spite of previous promises to remain. Several other major companies including Maersk, Total, Peugeot, General Electric, Boeing, Reliance, and Siemens have already left Iran to evade U..S sanctions, which economic experts in Iran say will hit Iranians even harder in about four months’ time. ...
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