Having closed on his company’s $3 billion acquisition of AK Steel, Cleveland-Cliffs CEO Lourenco Goncalves is wasting no time seeking change to U.S. trade policies that he says unfairly hurt the steel maker’s business as a […]
French rail equipment giant Alstom, whose products and services include large permanent-magnet motors and generators for global transportation markets, is reaching out to North America to acquire the worldwide rail equipment business of Bombardier, based […]
Led by a decline in volume and revenues from its Magnequench magnetic materials segment, Neo Performance Materials saw revenues fall 10.3% in 2019, as the company reported in its year-end financials in March. Yet the company posted […]
In direct response to the Coronavirus pandemic, Industrial Magnetics, Inc. (IMI) has developed a new, hands-free door opener that allows people to open latch-less doors without using their fingers, arms, or clothing – and is dedicating profits […]
Japanese steel maker JFE Shoji, acquiring electrical steel processing company Cogent Power in eastern Canada from Tata Steel, sees the move as gaining a powerful foothold for providing transformer cores and serving the automotive industry […]
Bel Fuse, manufacturer of a diverse line of power electronics components, is acquiring the power components business of CUI Global for $32 million and, separately, its Signal Transformer unit has introduced a new line of […]
Coil Partners continues to expand its coil production enterprise in Turkey as part of an integrated supply chain for the manufacture of coils, magnet wire and coil winding machinery. The group counts more than 300 employees and keeps […]
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