Thursday, March 28, 2024
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Hospitality & Facility Management

Siemens Limited announces Q1 FY 2023 results; reports 17% Revenue growth

Siemens Limited announced results for the first quarter of Financial Year 2023 ended December 31, 2022.The company registered Profit after Tax from continuing operations at Rs. 438 crore, an increase of 80% over the same period last year driven by higher volumes, better price extraction and positive forex and commodity effects. Revenue from continuing operations was at Rs. 3,596 crore, a 17% increase over the same quarter in the...

Schneider Electric signs MoU with Nettur Technical Training Foundation for Skill Development

Schneider Electric signs MoU with Nettur Technical Training Foundation for Skill Development Schneider Electric announced the signing of a Memorandum of Understanding (MoU) with Nettur Technical Training Foundation (NTTF), a Skilling Institution in India, to maximize the impact of training and skilling initiative among the youth of the country.Schneider Electric is actively working with various education providers and universities to create a knowledge-based quality workforce in the market by providing...

ZEISS Group reports 16% revenue growth

ZEISS Group reports 16% revenue growth ZEISS Group achieved significant growth across all segments despite challenging geopolitical and economic conditions. Revenue rose by 16% to 8.8 billion euros, surpassing over 8 billion euros for the first time (prior year: 7.5 billion euros) in fiscal year 2021/22 (end of reporting period: 30 September 2022). Earnings before interest and tax (EBIT) also achieved a new peak, reaching 1.6 billion euros (prior year:...

Danfoss plans to acquire German compressor manufacturer BOCK

Danfoss plans to acquire German compressor manufacturer BOCK Danfoss has announced the intent to acquire compressor manufacturer BOCK GmbH, headquartered in Frickenhausen, Baden-Württemberg, Germany, from NORD Holding GmbH.With over 50 years of history and assets under management of € 2.5 billion, NORD Holding is one of the leading private equity asset management companies in Germany.Developing compressors for the natural refrigerant CO2 since 1993, BOCK is a global technology leader...

Vitesco Technologies wins LEED Gold award for its Pune facility

Vitesco Technologies wins LEED Gold award for its Pune facility Vitesco Technologies, a leading supplier of modern drive technologies and electrification solutions for sustainable mobility, received GOLD certification under the Leadership in Energy and Environmental Design (LEED) v4.1 Operations and Maintenance (O+M) for its manufacturing facility in Talegaon, Pune from Green Business Certification Inc (GBCI).  “It now becomes the largest industrial manufacturing project in India to be certified under the...

Science Based Targets Initiatives approves Danfoss’ climate targets

Science Based Targets Initiatives approves Danfoss’ climate targets Danfoss announced that its science-based target has been approved by the Science Based Targets initiative (SBTi). The SBTi has validated that the corporate greenhouse gas (GHG) emissions reduction targets submitted by Danfoss A/S are in conformance with the SBTi Criteria and Recommendations (version 4.2).The science-based target provides a clearly defined pathway for companies to reduce GHG emissions in line with the goals...

Air Products appoints Sushila Mani as MD of Prodair Air Products India

Air Products appoints Sushila Mani as MD of Prodair Air Products India Air Products has announced appointment of Sushila Mani as Managing Director of Prodair Air Products India Pvt. Ltd. In this role, Ms. Mani will lead Air Products’ world-class Engineering, Procurement and Construction (EPC) centers in Pune and Vadodara.Commenting on the appointment, Air Products’ chief operating officer Dr. Samir J. Serhan said, “I am very pleased that Sushila has...

Hindware launches ‘Easy Clean’ Countertop Basin & Shower Enclosures

Hindware launches ‘Easy Clean’ Countertop Basin & Shower Enclosures Hindware announced expansion of its product line by adding 12 new products. The company unveiled a new range of countertop basin – ‘Easy Clean’, packed with breakthrough technology that exemplifies automation for hygiene and freshness. At an event in New Delhi, the company also announced its entry into a new category in the bathware segment with Shower Enclosures with by Hindware...

IPACK-IMA brings innovation, sustainability & technology transfer to the fore

IPACK-IMA brings innovation, sustainability & technology transfer to the fore The live return of IPACK-IMA, the first international exhibition for the processing and packaging sector in 2022, represented the synthesis of the best technological solutions in terms of research and innovation. Solutions that had remained in the plants for years and were finally unveiled at Fiera Milano to an international audience that responded very well in terms of quality and...

EVET partners with food companies to deploy electric fleet for food delivery

EVET partners with food companies to deploy electric fleet for food delivery EVET - the integrated electric mobility, charging and technology vertical of Magenta, has entered into a strategic partnerships with prominent companies in the food industry like Elior India, SPRINK Kinematic FoodTech, Kadambass hospitality, and Foodieverse, to use EVET electric fleet for food delivery. The collaboration also marks EVET's debut into mid-mile deliveries, furthering the electrification of mobility in...

Danfoss builds supermarket of the future at its headquarters in Nordborg

Danfoss builds supermarket of the future at its headquarters in Nordborg Danfoss hosted a ground-breaking ceremony for the construction of “The Smart Store” supermarket at its headquarters in Nordborg, Germany that will be filled with the latest and most energy-efficient refrigeration and heating technology.Instead of allowing the heat produced by cooling cabinets and freezers to go to waste, it will be captured and reused to provide heating for the supermarket and...

Microsoft’s data centre to heat Finland homes

Microsoft’s data centre to heat Finland homesExcess heat generated by a data centre will be used to heat homes, services and businesses in Finland owing to a new partnership between Fortum and MicrosoftFortum and Microsoft have announced a unique collaboration project, whereby Fortum will capture the excess heat generated by a new data centre region to be built by Microsoft in the Helsinki metropolitan area in Finland. The data...

Danfoss India, CII- GBC develops a blueprint to support India’s decarbonization goals

Danfoss India, CII- GBC develops a blueprint to support India’s decarbonization goals Danfoss Industries in association with CII- Godrej Green Building Council launched a report on “Decarbonization of Indian Industrial Sector” at MMA Annual Conference 2022, Chennai.The report shares a snapshot of how the Indian industrial ecosystem currently operates with respect to carbon emissions. The report provides key insights on the methods to reduce carbon emissions, with special focus on...

Air Products expands its presence in India; opens office in New Delhi

Air Products expands its presence in India; opens office in New Delhi Air Products, one of the world leaders in industrial gases, announced the opening of an office in New Delhi. The Delhi office will be the hub for the company’s Business Development and Stakeholder Engagement activities. This expansion follows the opening of a new EPC (Engineering, Procurement and Construction) center in Vadodara, Gujarat which began operations just over a...

Danfoss inks MoU with IISc to promote use of natural or Low GWP refrigerants

Danfoss inks MoU with IISc to promote use of natural or Low GWP refrigerantsDanfoss Industries signed a MoU with the Indian Institute of Science (IISc), Bangalore to promote use of natural or Low GWP refrigerants. The MoU was signed in the presence of Prime Minister Narendra Modi, Denmark Prime Minister Mette Frederiksen, Ambassador of Denmark to India Freddy Svane, and other key dignitaries. The MoU was exchanged between Ravichandran Purushothaman, President, Danfoss India and Govindan Rangarajan,...
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Products of the Month

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Normet launches Variomec XS for underground logistics

Normet launches Variomec XS for underground logistics Normet is a Finnish company operating globally with over 50 locations in 33...
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