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Construction
Michelin agrees to buy Quebec off road tire maker Camso for US$1.7 billion
Montreal – Michelin says it has reached agreement to purchase Quebec off-road tire maker Camso for about US$1.7 billion. The French-based tire giant says the acquisition will create the world’s largest off-the-road division. Camso, a privately held company based in…
Aecon decision suggests infrastructure deals to face deep security reviews: expert
Montreal – The federal government’s decision to block a Chinese state-owned company’s proposed $1.5-billion takeover of Aecon Group Inc. signals Canada’s infrastructure sector has joined the oilsands, defence and aerospace industries in requiring special security protection, said a Canadian security…
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FLO Components Ltd. announces final winner in 40th Anniversary Giveaway Contest
Toronto – Automatic Greasing Systems specialist FLO Components Ltd. announced the winner of the third and final draw in its 40th Anniversary Giveaway Contest. Gabriel Lopez, marketing specialist at FLO announced that Thomas Steckel of Guelph, Ont. is the lucky…
German business confidence rises amid optimism about future
Berlin – A closely watched survey shows German business confidence hit another record high in November, as firms’ optimism about the future offset their slightly more pessimistic feelings about their current situation. The Munich-based Ifo Institute said Friday its business…
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SKF inaugurates large-size bearing test centre
Gothenburg, Germany – SKF inaugurated its newly-built Sven Wingquist Test Centre in Schweinfurt, Germany, an investment totalling EUR 40 million. The centre is the first in the world that is able to test large-size bearings under actual operating conditions. This…
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Showstoppers – IFPE 2017 post-show roundup
Fluid power innovations at IFPE confirmed that keeping pace with technology is critical for the industry’s success.
Artificial Intelligence Research Institute launched in Toronto
Toronto – Vector Institute, a new independent research facility for artificial intelligence (AI), opened its doors at the MaRS Discovery District in downtown Toronto on March 30 with the aim of producing, attracting and retaining the finest talent in the…
Hose fittings and accessories manufacturer acquires capacitive and ultrasonic-type sensor expertise
Chestertown, Md. – Dixon Valve & Coupling Company, a leading worldwide manufacturer and supplier of hose fittings and accessories, announces the acquisition of Automated Design Services, Inc. (ADS Controls) of Covington, Louisiana. The acquisition includes the product brands Outalarm (portable…
