Ticker Archive
MAY 2008
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- Air Products-Linde North America JV capacity rises
(CNN Money)
Industrial gases producer Air Products & Chemicals Inc. said the capacity of a joint venture with Linde North America has been increased by almost 600 tons per day. Linde North America is the U.S. subsidiary of Linde AG and part of The Linde Group of Germany. The addition of a new liquefaction unit at the Bethlehem, PA, facility makes this plant one of the largest liquefied nitrogen, oxygen and argon gases production sites in the U.S..
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- $11 million for solar-energy project
(Philadelphia Inquirer)
An $11 million solar-energy project will be realized at Philadelphia’s Navy Yard. It is the second project driven by a collaboration of Exelon Corp. and Epuron LLC, a subsidiary of the German energy company Conergy AG. Epuron will design, build and manage the facility. Their first project, a $20 million solar energy station, is underway in Bucks County. The Navy Yard project is expected to produce energy to power about 200 homes for a year.
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- Visionapp announces U.S. subsidiary
(The Earth Times)
Visionapp AG, the leaders in application delivery management, announced its intent to purchase iQurious Corporation who used to be the exclusive distributor of visionapp in the U.S. since 2006. The acquisition gives visionapp a stronger focus in North America and additional expertise in the industry. The new organization will do business as visionapp NA, Inc.
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- Interprint invests in $7M expansion
(Berkshire Eagle)
Interprint, a German-owned decorative paper business on Route 41, will invest $7 million in a new 18,000 addition to the plant, bringing substantial cost savings and potential new supply roles to the company. Peter Stasiowski, marketing and communications manager for Interprint, said the new equipment will be the first laser engraving equipment in use in the North American decor printing industry.
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- Hailo and Siemens nominated for Investment Award
(PR Newswire)
The German subsidiaries Hailo LLC and Siemens Co. were among the finalists of the First Annual New York State Foreign Investment Award. The awards recognize foreign-owned New York firms for their economic, civic and philanthropic contributions to the local community in New York State. The winners were the U.K. based HSBC Bank and Impact Learning and Development Co. as well as Bureau Veritas, headquartered in Paris.
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- Dachser expands network in the U.S.
(Press Release)
International logistics service provider Dachser further expands its intercontinental network. Cincinnati is the tenth location for Dachser in the United States. The new branch is located adjacent to the Cincinnati-Northern International Airport. "It is our plan to cover all important air and sea ports in the United States of America with our own branches", says Frank Guenzerodt, President and CEO of Dachser in the U.S.
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- Koch Media opens North American subsidiary
(IGN Entertainment)
A wholly-owned subsidiary of Koch Media of Germany and Deep Silver, Inc., a publisher of interactive entertainment software for PC and consoles announced the opening of their office in the Los Angeles metro area. The office will serve as headquarters for U.S. sales and marketing activities, as well as North American developer relations.
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- RWE to sell 36 Percent of American Water
(Bloomberg)
RWE AG, Germany's second-largest utility, said it will sell 36 percent of its U.S. unit, American Water Works Co., resulting in a maximum 600 million euro ($958 million) charge that will cause 2008 profit to be slightly below last year's level.
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- German and American velodrome makers form joint venture
(Velonews.com)
World class velodrome designer Dale Hughes and world class velodrome builder Walter von Luetcken will combine their expertise in a joint venture to design and build the highest quality velodromes on the planet. The newly formed WorldRecord Tracks, Inc. with offices in the Germany and the U.S. will "offer the most advanced design process with the most experienced craftsmen in the world," said Hughes.
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- Company to bring North American HQ to Indiana
(Inside Indiana Business)
Heraeus Kulzer, Inc., a global manufacturer and distributor of dental products, announced it will relocate its North American headquarters from Armonk, NY to South Bend, IN. The German manufacturer and distributor of dental products plans to create 45 new jobs by 2012.
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- Selzer plans Alabama factory for $22 million
(Automotive News Europe)
German precision engineering company Selzer Fertigungstechnik & Co. KG said that it plans to invest $22 million in a new factory in Auburn, AL. The factory, Selzer's first in North America, will machine and assemble components for Getrag AG. Selzer, of Driedorf-Roth, near Frankfurt, manufactures metal components and subassemblies for gearboxes, engines, braking systems and professional electrical power tools for automotive customers.
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- Germany falls behind U.S. as biggest market for wind generators
(Bloomberg)
Germany ceded its rank as the world's biggest market for new wind turbines to the U.S. last year as costlier raw materials and lower subsidies crimped demand. Germany, Europe's biggest power market, installed 1.7 gigawatts of wind-energy capacity in 2007, falling into fifth place behind China, India, Spain and the U.S., said Hermann Albers, president of the German Wind Energy Association. The U.S. installed turbines capable of generating 5.2 megawatts, Albers said at a press conference in Hanover.
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- Carl Zeiss SMT opens new North American headquarter
(Business Wire)
Carl Zeiss SMT Inc., a subsidiary of the German Carl Zeiss AG, opens its new North American headquarter. The state-of-the-art manufacturing center for the world's newest breakthrough in microscope technology will be located in Peabody, MA. The so called Nano Solutions Center includes a comprehensive applications laboratory and demo center for the complete range of Carl Zeiss SMT instruments.
