Materials/Manufacturing

Cleveland-Cliffs Acquires AK Steel and Pursues Change to U.S. Trade Policies on Laminations, Transformer Cores & Electrical Steel

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 […]

Magnetics/Assemblies

Alstom to Acquire Bombardier Rail Business in Global Expansion in Transportation Markets

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 […]

News

Wellington’s ECR2 Motor and Connect SCS Refrigeration Controls Spur Strong Growth for New Zealand Company

New Zealand company Wellington Drive Technologies has reported record 2019 sales and profits from its innovative ECR2 refrigeration motor, Connect SCS intelligent controllers and data services. The company develops technology for the food and beverage equipment market […]