Consolidated sales for the quarter ended October 31, 2017, were $8.8 million, compared to $10.3 million in the prior year, a decrease of $1.6 million or 15.4%. The decrease in sales was related to timing of kickoffs in certain divisions as well as lower volumes in certain sectors.
WestRock Company, has agreed to acquire Plymouth Packaging, Inc. Plymouth is a corrugated packaging company that derives approximately 70 percent of its sales from its “Box on Demand” systems and corrugated fanfold, and 30 percent from traditional corrugated box packaging.
Horizons ETFs Management (Canada) Inc. (“Horizons ETFs”) announced the launch of the Horizons Robotics and Automation Index ETF (“Horizons ROBO”). Horizons ROBO is the first exchange traded fund (“ETF”) in Canada to offer global exposure to the rapidly growing robotics and automation industry.
Intuit Canada has released a report with Emergent Research examining whether or not Canadian businesses are embracing AI, and found that 61 percent of small businesses are using the automation technology to run their businesses.
Just after announcing the company would eliminate two percent of its workforce, Siemens announced they would buy Solido Design Automation, the Saskatchewan specialist in variation-aware design and characterization software for the semiconductor industry.
The growing demand for electric-powered vehicles means a bonanza for battery production and a quest for more efficient battery production to which Festo is contributing. In each of the last two years, Festo’s revenues in electromobility have doubled. The battery accounts for between roughly 30 and 40 per cent of the value added in all-electric (EV) vehicles.
At the end of 2017, Renate Pilz is leaving her active role in the Pilz Management Board. She hands over the management of the company to her two children, Susanne Kunschert and Thomas Pilz, with whom she has been leading the company for 10 years. As such, Pilz remains a family business.
Schneider Electric has announced that Cybernetic Control Systems will be the Certified Drives Panel Builder for British Columbia.
Mike Hutchings has been named Regional Vice President, Sales for its Canada Region. He has extensive experience at Rockwell Automation and most recently, was the regional vice president, U.S., Western Region. Mike joined Rockwell Automation as the branch manager of Chicago in 2008.
Rittal Canada has now partnered with Franklin Empire and Eddy Group Limited to extend its distribution reach across Canada.
Alberta’s plan for the replacement of coal energy with natural gas and renewables was announced in 2015, but still questions as to who will provide the new power remain unanswered.
ABB will provide key components for power distribution for the Eglinton Crosstown project, a new light rail transit line (LRT) in Toronto, Canada, to ensure the safe, reliable operation with almost zero emissions. The project is part of an $8.4 billion investment from the Ontario government to expand public transit in the Greater Toronto and Hamilton Area.
John Sencich will be retiring on February 23, 2018. John has been an esteemed member of Thomas & Betts/ABB for many years, and ABB remains certain all clients have had valuable business partnerships with him in this time. Rest assured that you can expect the same quality of service and partnership from John’s successor Eric Deschenes.
As a leader in the purchase and use of medical devices, North America represents a very profitable entry market for global electro-medical device manufacturers. A 2016 Lucintel report even states that North America will likely remain the largest market due to its aging population and stringent healthcare regulations.
ABB has been named as the global market leader in SCADA (supervisory control and data acquisition) systems for the power transmission and distribution sector by ARC Advisory Group, a leading technology research and advisory firm for industry, infrastructure, and cities, in its newly released report titled “SCADA Systems for the Electric Power Industry Market Analysis, 2016-2021.“
Data theft from high-profile hacks against companies like Uber and Equifax can cost consumers thousands of dollars but resource companies worry about millions in damage, along with potential injuries and death, if their technology is compromised.
This project is funded [in part] by the Government of Canada.
Ce projet est financé [en partie] par le gouvernement du Canada.
