Gensets companies are making a number of strategic alterations as market dynamics begin to shift. Greater focus is being placed on developing regions, where the bulk of new opportunities will be concentrated, as well as on providing gensets that comply with current and impending emission regulations. The increasing emphasis on eco-friendly power generation means diesel genset market participants are entering a challenging period. However, it is one... Read more..
Zongshen PEM Power Systems Inc., announced that it has received the approval of The Toronto Stock Exchange (“TSX”) to make a Normal Course Issuer Bid (the “Bid”) to purchase through the facilities of the Exchange, from time to time, as it considers advisable, up to 3,065,211 of the issued and outstanding Common Shares (being approximately 5% of the 61,304,230 Common Shares outstanding at November 3, 2008). The Bid will commence... Read more..
Foster Wheeler Ltd. announced that its Milan-based subsidiary Foster Wheeler Italiana S.p.A., part of its Global Engineering and Construction Group, has been awarded a contract by Zwara Oil Refinery Company Limited (ZORCO) for consultancy and project management services for a planned new 200,000 barrels per stream day crude oil refinery at Mellita, near Zwara, in the Great Socialist People’s Libyan Arab Jamahiriya. ZORCO is a project company in... Read more..
Foster Wheeler Ltd. announced that its subsidiaries, Foster Wheeler Energy Limited and Foster Wheeler International Engineering & Consulting (Shanghai) Co. Ltd., together with its consortium partner, Wuhuan Engineering Company, have been awarded contracts by Sasol Synfuels International (Proprietary) Limited (Sasol) and Shenhua Ningxia Coal Industry Group Company Ltd. (Shenhua) to perform a feasibility study for an 80,000 barrels per day coal-to-liquids... Read more..
Green Earth Technologies, a leading green consumer goods manufacturer, has entered into an agreement with Rotary Corporation, the global leader in outdoor power equipment replacement parts, to offer G-OIL™ 2-Cycle Green Engine Oil for their customers. The 2-Cycle G-OIL™ is a “Green Solution” made with American-Grown Base Oils and meets the ASTM Standard of ultimate biodegradable. Beginning next week, Rotary Corporation’s dealers and distributors... Read more..
Global Power Equipment Group Inc. announced that it plans to release publicly audited financial statements for fiscal 2006 and 2007 and interim financial information for the first six months of 2008 by the end of November of this year. This release is part of a voluntary effort by Global Power to provide current financial information to the public on an ongoing basis. Oklahoma based Global Power Equipment Group Inc. is a leading design, engineering... Read more..
Foster Wheeler Ltd. announced today that a subsidiary of its Global Power Group has entered into a fifteen-year agreement with Bumwoo ENG Co., Ltd. to provide an advanced technology license for wall-fired subcritical and supercritical pulverized-coal (PC) steam generators to be sold in South Korea. The terms of the agreement were not disclosed. The contract value will be included in the company’s third-quarter 2008 bookings and future royalty payments... Read more..
Titan Energy Worldwide, Inc. announced that its subsidiary, Titan Energy Systems, has been awarded a contract to supply two emergency power generators in a state-of-the-art modular design to W.W. Grainger, Inc., the leading broad line supplier of facilities maintenance products in North America. Titan Energy Systems is a full line sales and service provider of power generation equipment with headquarters in Minnetonka, Minnesota and satellite offices... Read more..
Zongshen PEM Power Systems Inc., announced today that its common shares have been conditionally approved for listing on the Toronto Stock Exchange and is expected to commence trading on or about Tuesday, September 2, 2008 at the market opening under the symbol “ZPP”. “Our graduation to Canada’s senior exchange is a reflection of the continued growth of ZPP’s business.” said Zongshen Zuo, Chairman and CEO of Zongshen... Read more..
Hanwei Energy Services Corp. announced that it has entered into binding purchase and sale agreements for the acquisition of the 99 percent equity interest in Daqing Deta Electric Co. Ltd. (“Deta”). The agreements will now be filed with the Chinese authorities to process the transfer of the 99 percent equity interest in Deta to Hanwei’s 100 percent owned subsidiary, Hanwei Wind Power Equipment (Daqing) Co., Ltd. (“Hanwei Wind”),... Read more..