T Rowe Price Equity Buy Emerson Electric Stocks
T. Rowe Price just announced that the bought Emerson shares during their last quarter. This was an interesting news because T. Rowe Price is also the largest stock holder in Rockwell Automation. It is no surprise of course that they would want to diversify their stock portfolio. This sparked a question in my mind. If [...]
ABB acquires 75% Stake in Indian Subsidiary
ABB announced that it has successfully raised its stake in its Indian subsidiary to 75%, as part of its strategy to tap the fast-growing Indian market. As a result of this successful open offer, the company’s stake in ABB India has now increased from 52.11 to 75 per cent. The three-week offer period closed yesterday [...]
Chrysler Partners With Siemens Industry Automation Division
Chrysler Group LLC announced July 26 it has selected Siemens PLM Software, a business unit of Siemens Industry Automation Division, as its provider for product design and development services. Chrysler Group already uses Siemens Teamcenter product since 2008 and the latest announcement will further strengthen the existing relationship between two companies. As part of the [...]
Rockwell Automation Announces Q3 Financial Reports
Rockwell Automation, Inc. (NYSE: ROK) today reported its 2010 third quarter revenue f $1.268.1 billion, up 25 percent compared to $1,010.8 million in the third quarter of fiscal 2009. Revenue up 25 percent year over year and up 9 percent sequentially Diluted EPS from continuing operations of $0.83 Company raises fiscal 2010 EPS guidance to [...]
Insider Stock Trading at Automation Companies
From now on I will monitor insider tradings of large automation companies and report any activities here. I will be monitoring the following companies: Rockwell Automaton (ROK): MSN Money Insider Page Siemens (SIE): MSN Money Insider Page ABB (ABB): MSN Money Insider Page Emerson (EMR): MSN Money Insider Page Parker Hannifin (PH): MSN Money Insider [...]
Worlds Longest & Largest Power Transmission Line
ABB has developed the worlds longest and largest power transmission line in SE China, beating out their own previously largest and longest power transmission line in Brazil. The picture above shows the length of the line with a to-scale reference of Switzerland for a size comparison. The ±800 kV Xiangjiaba-Shanghai UHVDC link has the capacity [...]
Emerson to Automate Huadian Lingwu Power Plant
Emerson Process Management has announced that it has received a $2.72 million deal with the Huadian Lingwu Power Plant. As part of the contract, Emerson will install its flagship automation solution – Oviation at Huadian Lingwu’s plant units 3 and 4. The Huadian Lingwu plant is located in Yinchuan city and is the first plant [...]
Siemens Industrial Automation Systems Under Malware Threat
Siemens has warned its customers about a potential security threat from a sophisticated malware that targets its industrial automation systems. It is believed that this advanced worm is designed by hackers to steal confidential information from automation systems installed as part of critical infrastructure in several industrial establishments. Dubbed as “W32/Stuxnet-B”, the worm spreads through [...]
Cryogenic Machining at MAG Industrial Automation
MAG Industrial Automation put out a press release discussing their revolutionary cryogenic machining process. They claim that by cooling the tool and material with liquid nitrogen in a ‘through spindle’ technique, is able to increase tool life, decrease lubrication needs, and increase material removal rates. An excerpt from the VP of Engineering describes the benefits in [...]
ABB Wins $700 Million Wind Power Order
ABB wins yet another large order. This time it is a $700 million wind power plant order. This plant will connect three North Sea wind farms to German power grid that supply 800-megawatt (MW) power. This is the largest power transmision order ABB has ever got. This power plant is scheduled to be operational in [...]