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The new calcium sulfonate complex-based grease is designed for heavy-duty and extreme pressure applications.SINGAPORE - Media OutReach Newswire - 28 October 2024 - Chevron announces the availability of their newest grease product range in the Asia-Pacific region, following the introduction of Rykon greases last year in North America. Rykon addresses the critical need for a high-performance grease that increases uptime and enhances durability to maximise the performance of equipment across a variety of industries. With its unique formulation, Rykon is targeted at heavy-duty and extreme pressure applications for on and off highway mining, construction, agriculture, and forestry equipment. This calcium sulfonate complex-based grease provides an alternative option to lithium-based thickeners, which have become increasingly expensive due to rising global demand. Rykon HD 2 M5 in use at Jackson Valley aggregate quarry in Ione, California "Industrial and commercial users are seeking alternatives to lithium greases to sustain production and control their operating costs without compromising performance," said Sheryl Law, General Manager for Marketing & Sales Support, Chevron International Products. "As modern equipment and machinery are designed to run faster and longer, typically under hot and harsh conditions, the quality of grease has become crucial. The launch of Rykon underscores Chevron's commitment to providing quality heavy-duty lubricant products and offering its customers improved grease options to help optimise performance and productivity. Formulated with advanced technology for on-highway, off-highway, and in-plant applications, Chevron's Rykon range exceeds the demands of machinery and equipment today." Available in three variants – Rykon EP 2, Rykon HD 2 and Rykon HD 2 M5, they are designed to increase equipment longevity, extend lubrication intervals, and reduce the total cost of equipment ownership. They deliver outstanding oxidation and thermal stability with superior water washout performance to protect equipment from failures and downtime. The introduction of Rykon into the market is a testament to Chevron's commitment to delivering high quality products that help people do their jobs better. At an aggregate quarry customer in California, USA, continued use of Chevron Rykon HD 2 M5 over a 6-week period saw a 30% reduction in grease consumption by a large wheel loader working non-stop for ten (10) hours a day transferring aggregate loads weighing as much as 12 tons onto dump trucks. Despite extreme summer conditions and high temperatures, Rykon maintained its consistency without leaking or bleeding from pins and bushings. For availability of Rykon greases, please check with your local Caltex distributors. To explore the complete range of Rykon products and discover how they can enhance the lifespan of machinery and vehicles, visit the Caltex website or contact a local Chevron or Caltex representative. Hashtag: #ChevronThe issuer is solely responsible for the content of this announcement.About ChevronChevron is one of the world's leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. We are focused on lowering the carbon intensity in our operations and growing lower carbon businesses along with our traditional business lines. More information about Chevron is available at www.chevron.com. About Chevron LubricantsChevron Lubricants in part of Chevron Products Company, a division of an indirect, wholly owned subsidiary of Chevron Corporation (NYSE: CVX) headquartered in San Ramon, CA. A full line of lubrication and coolant products are marketed through this organization. Select brands include Havoline®, Delo® and Havoline Xpress Lube®. Chevron Intellectual Property LLC owns patented technology in advanced lubricants products, new generation base oil technology and coolants. For more information go to: www.chevronlubricants.com.
GOTHENBURG, Sweden, Aug. 14, 2024 /PRNewswire/ -- SKF has signed an agreement to acquire John Sample Group's (JSG) Lubrication and Flow Management businesses. JSG is a well established provider of lubrication management systems and services. The acquisition further strengthens SKF's offering in an identified growth segment, as well as its business operations in the expansive India and South-East Asia (ISEA) region. More than half of all premature bearing failures are caused by poor lubrication and contamination. This means that lubrication is a critical aspect in machine reliability with a direct and profound impact on production output and quality, costs, and the environment. SKF, through the Lincoln and SKF brand, has already today a strong position in automatic lubrication systems, and the acquisition provides access to JSG's wide customer base, sales and distribution network, as well as engineering and services capabilities. JSG had sales of approximately SEK 550 million in their latest fiscal year, is margin accretive and has 86 employees. Following the acquisition, net sales for SKF's Lubrication Management business will be around SEK 7 billion. "This acquisition is a good strategic fit as it enables us to become a significant lubrication systems player in the important ISEA region. Lubrication is an important part of SKF's portfolio of offering, enabling us to offer our customers tailored stand-alone lubrication solutions as well as improved bearing performance. As an essential part of industrial maintenance, effective lubrication management also contributes to a sustainable business and society," says Thomas Fröst, President, Independent and Emerging Business, at SKF. "At this stage in my career, transition of the John Sample Group is a natural and positive evolution. It is important for me and my family when making any decision of this kind, to engage with a party whose future vision for JSG is as closely aligned with our purpose, values, and strategies," says John Sample, Executive Chairman, John Sample Group Pty Ltd. Founded in 1921, JSG is headquartered in Sydney, Australia, and serves a wide range of industries, including mining, construction and off-highway, pulp and paper, food and beverages, and transportation, across the product verticals Lubrication Systems and Instrumentation & Flow. The acquisition is expected to be completed during Q4 2024. Aktiebolaget SKF For further information, please contact: PRESS: Carl Bjernstam, Head of Media Relations tel: 46 31-337 2517; mobile: 46 722-201 893; e-mail: carl.bjernstam@skf.com INVESTOR RELATIONS: Sophie Arnius, Head of Investor Relationstel: 46 31-337 8072; mobile: 46 705-908 072; sophie.arnius@skf.com This information was brought to you by Cision http://news.cision.com https://news.cision.com/skf/r/skf-makes-strategic-acquisition-to-strengthen-its-lubrication-management-capabilities,c4023941 The following files are available for download: https://mb.cision.com/Main/637/4023941/2943575.pdf 20240814 SKF makes strategic acquisition to strengthen its lubrication management capabilities https://news.cision.com/skf/i/flowmaster-electric-,c3324265 FlowMaster electric https://news.cision.com/skf/i/thomas-frost,c3324251 Thomas Frost
Advantages for German locations due to broader supplier base Cooperation to be extended to green drives COLOGNE, GERMANY - EQS Newswire - 2 July 2024 - DEUTZ is adding another cornerstone to its Dual+ strategy, which includes both the further development of alternative drive systems and the expansion of the internal combustion engine business. The cooperation with the Indian agricultural group TAFE Motors and Tractors Limited announced today allows DEUTZ to expand its business in India, tapping into one of the fastest growing markets worldwide. TAFE Motors is the subsidiary of TAFE, the third largest tractor manufacturer in the world. In 2023, the Indian economy grew by around 6 to 7 percent and it is expected that India's gross domestic product (GDP) will quadruple by 2050. The agricultural and construction sector will play a major role in achieving this strong growth. As the beginning of a long-term cooperation, TAFE Motors will manufacture up to 30,000 DEUTZ-engines in 2.2 Liter (50-75 hp) and 2.9 Liter (75-100 hp) under license. The aim is to augment and complement the wide range of engines made by the Group across emission standards. TAFE Motors will produce engines to suit growing demands of the Indian market as well as for DEUTZ's requirements. The engines will be produced in TAFE Motors' modern manufacturing facility at Alwar, Rajasthan in India. DEUTZ will use the Indian manufacturing base to market its engines in neighboring markets (esp. APAC), benefitting from advantages in production and logistics. "The strategic cooperation with TAFE Motors secures DEUTZ access to growing markets with strong potential and long-term prospects," explains DEUTZ CEO, Dr. Sebastian C. Schulte. "It also enables us to continue producing at competitive costs in the future and makes us less dependent on the existing supplier landscape, which is becoming increasingly challenging due to the technological shift and geopolitics". The cooperation gives DEUTZ the opportunity to expand its supplier base to ensure a more efficient and more resilient production. It will also reduce its dependence on supply chains in geopolitically tense regions - without sacrificing the corresponding cost benefits. This particularly benefits DEUTZ's German production sites. Speaking on behalf of TAFE Motors, Sandeep Sinha, CEO of TAFE Motors said, "This strategic cooperation between TAFE Motors and DEUTZ will be mutually beneficial, as it will offer access to shared resources and technologies to produce engines that complement TAFE Motors' and the Group's existing range to meet the demand for both domestic and international markets. This cooperation will also offer DEUTZ access to high-quality engines at best cost for new applications in Indian and relevant overseas markets". Both parties are exploring opportunities to expand the cooperation to green drives. Hashtag: #DEUTZ #TAFEThe issuer is solely responsible for the content of this announcement.About DEUTZ AGDEUTZ AG, a publicly traded company headquartered in Cologne, Germany, is one of the world's leading manufacturers of innovative drive systems. Its core competencies are the development, production, distribution, and servicing of drive solutions in the power range up to 620 kW for off-highway applications. The current portfolio extends from diesel, gas, and hydrogen engines to all-electric drives. DEUTZ drives are used in a wide range of applications including construction equipment, agricultural machinery, material handling equipment such as forklift trucks, stationary equipment such as generator sets (gensets) and lifting platforms as well as commercial and rail vehicles. With over 5,000 employees worldwide and around 1,000 sales and service partners in more than 120 countries, DEUTZ generated revenue of over €2.1 billion in the 2023 financial year. Further information is available at www.deutz.com.
MUMBAI, April 30, 2024 /PRNewswire/ -- CEAT Specialty hosted the Achievers Meet 2024, aimed to fortify bonds with Australian channel partners, featuring an immersive IPL match experience at Delhi's Arun Jaitley Stadium. Amidst the charged atmosphere on April 27th, attendees witnessed the thrilling clash between Delhi Capitals and Mumbai Indians, cheering for Jake Fraser-McGurk and Tim David, fostering camaraderie beyond fandom. CEAT Specialty Achiever’s Meet 2024 The event underscored CEAT Specialty's commitment to collaboration, innovation, and shared success, emphasizing global partnerships. The itinerary included a visit to CEAT's Ambernath Plant, showcasing innovative tyre manufacturing processes, particularly in agricultural radial tyres. Advancements like VF (Very High Flexion) technology enhanced tyre performance, alongside a specialized range of tyres. Notably, the Sustainmax tyre, composed of over 80% sustainable materials, and the Galileo Cupwheel tyre, engineered to reduce soil compaction at ultra-low pressure, along with the Energymax tyre for EC tractors, exemplified CEAT Specialty's forward-thinking environmental sustainability initiatives. Australian partners bonded over cricket, forging alliances, and creating lasting memories, with CEAT Specialty leading the charge in sustainability and responsible business practices. Interactive sessions engaged partners in CEAT's eco-friendly initiatives, contributing to a greener future. The Achievers Meet 2024 transcended a mere corporate event; it was a celebration of collaboration, innovation, and shared success. By uniting channel partners worldwide, CEAT Specialty aimed to foster meaningful connections, inspire growth, and acknowledge the invaluable contributions of its esteemed partners. About CEAT Specialty Established in 1924 at Turin, Italy, CEAT journeyed to India in 1958, and has gone on to become, one of India's leading tyre manufacturers, with a global footprint spanning over 130 countries. With customer centricity being the guiding principle for all actions, CEAT is continually investing in customer service and R&D to deliver the highest quality products. CEAT follows Total Quality Management - TQM, which is its commitment to continuous improvement. The Deming Grand Prize in 2024 made CEAT the world's first tyre brand to win such a recognition and it is a testament to this commitment. CEAT Specialty is CEAT's division for off-highway (OTR and Agricultural) tyres. To learn more about CEAT Specialty, please visit www.ceatspecialty.com/in You can follow CEAT Specialty on:https://www.linkedin.com/company/ceat-specialty-tyres-indiahttps://www.instagram.com/ceatspecialtyindia/https://www.facebook.com/CEATspecialty.India CEAT Specialty Distributors in Delhi for IPL
EVantage™ Thermal Management Systems improve electric vehicle range, performance, and battery life by providing full control over critical EV battery and power electronics temperatures in various environmental conditions. SAN ANTONIO, Jan. 17, 2024 /PRNewswire/ -- Recently, Frost & Sullivan analyzed the electric vehicle (EV) thermal management systems industry and, based on its findings, recognizes Modine (NYSE: MOD) with the 2023 North American New Product Innovation Award. With over a century of experience, the thermal management system developer delivers innovative solutions for various industries, including transportation, agriculture, construction, heating, ventilation, industrial refrigeration, power generation, and industrial air conditioning. It builds its success on a commitment to quality, reliability, and exceptional customer service. Modine's cutting-edge technologies and expertise make it a go-to choice for businesses looking to optimize operations, accelerate decarbonization, and stay ahead of the competition. Modine's EVantage™ thermal management systems seamlessly integrate into a wide range of vehicles, including school buses, delivery vans, heavy-duty trucks and off-highway machines. The EVantage™ Battery Thermal Management System (BTMS) optimizes the temperature range for the vehicle's entire battery bank with a single unit through multi-stage cooling and heating circuits. EVantage™ Electronics Cooling Package (ECP) keeps the vehicle's traction motor and power electronics cool under different loads by providing a complete solution with multi-zone cooling. Silvana Rulet, best practices research analyst at Frost & Sullivan, observed, "Modine invests heavily in research and development and leverages market insights to ensure its solutions align with customer needs. Continuous technology exploration and a thorough analysis of market trends advance its commitment to new thermal management system development." Modine positions itself at the forefront of improving performance and vehicle life in the commercial and specialty vehicle market as the market transitions to electrification, emphasizing its role in pioneering heat transfer technology. The company tailored the EVantage™ suite to meet evolving heat load and environmental requirements to deliver optimal performance for commercial EV batteries and power electronics. "The EVantage™ product suite includes a BTMS and an ECP, providing plug-and-play solutions that enhance performance and longevity while minimizing power draw. Modine integrates a customer-centric approach to ensure its offering addresses users' needs," added Anamika Risal, consulting analyst at Frost & Sullivan. Each year, Frost & Sullivan presents this award to the company that has developed an innovative element in a product by leveraging leading-edge technologies. The award recognizes the value-added features/benefits of the product and the increased return on investment (ROI) it gives customers, which, in turn, raises customer acquisition and overall market penetration potential. Frost & Sullivan Best Practices awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry. About Frost & SullivanFor six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion. Contact:Ashley WeinkaufP: 210-844-2505E: ashley.weinkauf@frost.com About Modine At Modine, we are Engineering a Cleaner, Healthier World™. Building on more than 100 years of excellence in thermal management, we provide trusted systems and solutions that improve air quality and conserve natural resources. More than 11,000 employees are at work in every corner of the globe, delivering the solutions our customers need where they need them. Our Climate Solutions and Performance Technologies segments support our purpose by improving air quality, reducing energy and water consumption, lowering harmful emissions and enabling cleaner running vehicles and environmentally friendly refrigerants. Modine is a global company headquartered in Racine, Wisconsin (U.S.), with operations in North America, South America, Europe and Asia. For more information about Modine, visit www.modine.com. CONTACT INFORMATION: Technica Communications Caitlan Caviness modine@technica.inc
CHANGSHA, China, Oct. 9, 2023 /PRNewswire/ -- Leading global heavy machinery manufacturer SANY Group (SANY) recently exhibited at the Mining and Metals Central Asia & Kazcomak which was held from September 20 to 22 in Almaty, Kazakhstan. As one of the most significant mining machinery expos in Central Asia, over 10 industry giants gathered with around 40 thousand visitors in attendance and saw SANY winning intended orders of RMB21.4 million. At the exhibition, six units of SANY's latest flagship equipment, including the STC300V truck crane, 115S off-highway mining truck, and excavator, stole the show. SANY electrified the atmosphere with wonderful dancing, singing, and interactive performances and games, which all resonated with visitors. Mining and Metals Central Asia & Kazcomak As the earliest engineering machinery enterprise responding to China's Belt and Road Initiative (BRI), SANY established its Central Asia Business Unit in 2014, injecting high-quality products that have been since facilitating the region's infrastructure construction. In 2018, ENTER, one of the largest engineering, procurement, and construction (EPC) companies in Uzbekistan, established cooperative relations with SANY. Upon signing the contract, the company introduced 44 pieces of SANY cranes, and, to date, over 1700 units of SANY equipment owned by the company have been involved in various projects in the region, such as the construction of the first nuclear power station in Central Asia and a gas-to-liquids plant in Uzbekistan, which have powered the country's socioeconomic growth. SANY established cooperative relations with ENTER Additionally, catering to the global trend of low-carbon development, SANY has also been active in new energy projects in the region. In July of this year, SANY's 10 units of SANY wind turbines were delivered to Kazakhstan's Alkarek wind power project. Starting from August 12, SANY cranes completed the lifting work in just 52 days, much to the amazement of the customer. Once the project is put into use, it will provide 170 million kWh of clean electricity annually to locals, cutting carbon dioxide emissions by approximately 176,000 tons, contributing to Kazakhstan's clean energy transition and its carbon neutrality goals. Kazakhstan’s Alkarek wind power project SANY has become deeply rooted in the market during these years with its high-quality products and excellent after-sales service. By far, SANY wheeled cranes market share in Kazakhstan has grown to 61% and will continue to increase in the coming years. Yang Lei, General Manager of the SANY Central Asia Business Unit, commented that SANY will work together with local customers to continue to boost the development of the region. For more information about SANY Group, please visit www.sanyglobal.com or follow us on Facebook or YouTube.
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