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Aug 16

Car Sales Fall in Lebanon Due to Economic Slowdown

Car Sales Fall in Lebanon Due to Economic Slowdown

New car sales in Lebanon dropped by 4.6 percent in the first seven months of 2018. This is due to the economic slowdown and delicate political situation, according to the Association of Car Importers in Lebanon Monday.

It"...

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Aug 15

CTS Engines Inducts First PW2000 Engine

CTS Engines Inducts First PW2000 Engine

CTS Engines, the global leader for mature engine maintenance within the Aerospace & Defense industry, announced today that it had inducted the first PW2000 engine into its engine overhaul facility in Ft. Lauderdale, FL. Along with the CF6-80C2, CF6-80A, and CF6-50C2, the PW2000 represents"...

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Aug 09

Sumitomo SHI FW Wins Contract for CFB Boiler Island in South Korea

Sumitomo SHI FW Wins Contract for CFB Boiler Island in South Korea

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......

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Aug 08

Yamaha Motor Earnings Continue to Rise in Second Quarter

Yamaha Motor Earnings Continue to Rise in Second Quarter

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......

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Aug 07

Bentley Systems Announces Finalists in the Year in Infrastructure 2018 Awards Program

Bentley Systems Announces Finalists in the Year in Infrastructure 2018 Awards Program

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"...

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Jul 31

Quanergy Achieves IATF 16949 Automotive Production Certification

Quanergy Achieves IATF 16949 Automotive Production Certification

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"...

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Jul 30

TRIGO Widens its Service Portfolio and Sector Exposure by Acquiring SCSI

TRIGO Widens its Service Portfolio and Sector Exposure by Acquiring SCSI

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"...

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Jul 26

 Transportation Drivers Union Goes on Strike, Blocks Roads Across Lebanon

Transportation Drivers Union Goes on Strike, Blocks Roads Across Lebanon

The Transportation Drivers Union staged a strike on Wednesday blocking several roads across Lebanon to protest a proposal to privatize the vehicle inspection centers (mecanique), and competition from foreign drivers.

President"...

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