Heavy Electrical Equipment
TERASAKI ELECTRIC CO LTD's Subsidiary to Establish Subsidiary
TERASAKI ELECTRIC CO LTD announced that its wholly owned subsidiary TERATEC LTD. will establish a wholly owned subsidiary TERATEC (USA) INC. in the United States, which will be engaged in maintenance of products and sale of parts. The new company will start operation in August 31, 2013.
Alstom SA's Alstom Grid GmbH Opens New Project Office in Berlin
Alstom SA announced that its German subsidiary Alstom Grid GmbH has opened in the Berlin district of Neukolln an Offshore-Project office to handle all activities connecting offshore windparks to the mainland grid.
M and B Switchgears Ltd Updates On Establishment Of Solar Photovoltaic Power Plant; Approves Sale Of Certain Assets
M and B Switchgears Ltd announced that the Board of Directors of the Company at its meeting held on May 28, 2013, inter alia, has transacted the following: Board considered and approved to alter the Objects of the Issue mentioned in the Prospectus of the Company, for the establishment of 12MWp/15MWp Solar Photovoltaic Power Plant, subject to the approval of the members of the Company at the ensuing Annual General Meeting and such other statutory authorities; Board has approved sale of certain assets (operational/ in-operational) of the Company subject to the necessary approvals.
ABB Ltd to Open New Inverter Production Line in Africa
ABB Ltd announced that the Company plans to start production of central inverters in South Africa to support the growing local photovoltaic (PV) market and local content requirements. ABB plans to open the new inverter production line at its existing facilities in Johannesburg in 2014. The line for its PVS800 range of central inverters will have a production capacity of approximately 500 megawatts (MW) a year. It will produce 630 kilowatt (kW), 875 kW and 1,000 kW central inverters. The Company already produces solar inverters in Estonia, India and China.
Yungtay Engineering Co Ltd Establishes Sub-subsidiary
Yungtay Engineering Co Ltd announced that its Shanghai-based subsidiary has invested RMB 150 million establishing a Sichuan-based wholly owned subsidiary, which deals with elevator equipments.
Alstom SA and Transmashkholding ZAO Inaugurates Production Site For Asynchronous Traction Drives
Alstom SA announced together with its Russian partner, Transmashkholding ZAO (TMH), the inauguration of a joint production site dedicated to asynchronous traction drives for electric locomotives in Novocherkassk, in southern Russia. This traction drive will equip the locomotives jointly developed and manufactured by Alstom SA and TMH for Russia and Kazakhstan. The new site currently employs around 60 people and could reach more than 160 employees at full production capacity. The site is expected to produce 17 traction units per month and may also produce other equipment developed by Alstom SA and TMH. The total investment of the partners in this project represents approximately EUR 40 million.
Es Group (Holdings) Ltd Announces Incorporation Of New Subsidiary
Es Group (Holdings) Ltd announced that the Company has incorporated a wholly-owned subsidiary (the New Subsidiary). Details of the New Subsidiary are as follows:- name of company : ES Energy Pte. Ltd; Place of incorporation : Singapore; Issued and paid-up share capital : 1 ordinary share at SGD1.00; Principal activities : Offshore support services and investment holding. The investment of SGD1.00 for the incorporation of the New Subsidiary was funded by the Company’s internal resources and is not expected to have any material impact on the Company’s net tangible assets per share and earnings per share for the current financial year ending December 31, 2013.
Tianjin Benefo Tejing Electric Co Ltd to Set up Subsidiary
Tianjin Benefo Tejing Electric Co Ltd announced that it will invest RMB 10 million to set up a wholly owned subsidiary, a Tianjin-based trading company with a registered capital of RMB 10 million, instead of a sales branch, which was planned to be established.
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Sector Summary
| Energy |  +0.39% |
| Basic Materials |  -0.38% |
| Industrials | -0.02% |
| Cyclical Goods & Services | +0.43% |
| Non-Cyclical Goods & Services | +0.01% |
| Financials | +0.20% |
| Healthcare | -0.05% |
| Technology | +0.53% |
| Telecoms | +0.47% |
| Utilities | -0.26% |
| DOW | 15,038.77 | +63.81 |
+0.43% |
| S&P 500 | 1,622.10 | +7.14 |
+0.44% |
| NASDAQ | 3,448.68 | +14.19 |
+0.41% |
| TR US Index | 147.32 | +0.67 |
+0.46% |
Analyst Research
| Report Title | Price |
|---|---|
|
Provider: Edison Investment Research
|
$10.00
|
|
Provider: Bohai Securities Co.,Ltd.
|
$35.00
|
|
Provider: Bohai Securities Co.,Ltd.
|
$35.00
|
|
Provider: Auerbach Grayson & Co., Inc.
|
$10.00
|
|
Provider: GlobalData
|
$125.00
|
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