Fourth Quarter 2022 Highlights (compared to Fourth Quarter 2021 unless otherwise noted) Net sales of $952 million decreased 17%, with increased marine and manufactured housing revenue partially offsetting a 47% wholesale unit shipment decline in the RV end market Gross margin of 21.1% increased 130 basis points Operating income of $68 million decreased 29% Operating… Continue reading PATRICK INDUSTRIES, INC. REPORTS FOURTH QUARTER AND RECORD FULL YEAR 2022 FINANCIAL RESULTS AND ANNOUNCES QUARTERLY CASH DIVIDEND
Tag: Strategy
BorgWarner to Supply Major German Vehicle Manufacturer with High Voltage Battery Cooling
BorgWarner inter-cell cooling plates optimize battery performance Modular system provides flexibility for multiple vehicle development platforms New products capitalize on thermal expertise gained from exhaust gas recirculation (EGR) cooling AUBURN HILLS, Mich., Feb. 9, 2023 /PRNewswire/ — BorgWarner will supply a major German vehicle manufacturer in Europe and the U.S. with innovative battery cooling plates… Continue reading BorgWarner to Supply Major German Vehicle Manufacturer with High Voltage Battery Cooling
BorgWarner Expands Silicon Carbide Inverter Business with Major Global OEM
800V inverter technology offers ideal scalability, superior efficiency and high power density Builds upon 400V inverter business with the automaker SOP is 2025 for battery electric vehicle (BEV) platforms AUBURN HILLS, Mich., Feb. 9, 2023 /PRNewswire/ — BorgWarner is building upon its current 400V inverter business with a major global OEM by now also supplying 800V… Continue reading BorgWarner Expands Silicon Carbide Inverter Business with Major Global OEM
Greaves Cotton acquires 60% stake in Excel Controlinkage, the rest by 2026 in 3 tranches
Excel provides the perfect opportunity for Greaves to scale up this business while also unlocking synergy benefits, the release said. Mumbai: Greaves Cotton, a leading diversified engineering companies, has signed a binding term sheet to acquire 60% shareholding in Excel Controlinkage Pvt Ltd as the first tranche, from the 4 tranches planned till FY26 to… Continue reading Greaves Cotton acquires 60% stake in Excel Controlinkage, the rest by 2026 in 3 tranches
Shriram Pistons and Rings acquires 75% in Japanese injection moulding major Takahata Precision
Shriram Pistons and Rings acquires 75% in Japanese injection moulding major Takahata Precision Shriram Pistons and Rings, country’s largest piston manufacturer has announced it will acquire 75% shareholding in Japanese company Takahata Precision India Private Limited (“TPIL”) through its wholly owned subsidiary, SPR Ingenious Limited (“SEL”). This will mark SPRL’s foray into the manufacturing of the precision injection moulded… Continue reading Shriram Pistons and Rings acquires 75% in Japanese injection moulding major Takahata Precision
Anand Group exploring possibility of PE infusion in its EV arm Anevolve
With billions of dollars from multitude of private equity majors and sovereign wealth funds chasing the emerging green mobility space, $1.9 billion Anand Group is exploring the possibility of raising funds from private equity for its newly set up EV arm Anevolve, which it claims is 100 percent owned cleantech, future tech company. All the… Continue reading Anand Group exploring possibility of PE infusion in its EV arm Anevolve
Anand Group exploring possibility of PE infusion in its EV arm Anevolve
With billions of dollars from multitude of private equity majors and sovereign wealth funds chasing the emerging green mobility space, $1.9 billion Anand Group is exploring the possibility of raising funds from private equity for its newly set up EV arm Anevolve, which it claims is 100 percent owned cleantech, future tech company. All the… Continue reading Anand Group exploring possibility of PE infusion in its EV arm Anevolve
Anand Group exploring possibility of PE infusion in its EV arm Anevolve
With billions of dollars from multitude of private equity majors and sovereign wealth funds chasing the emerging green mobility space, $1.9 billion Anand Group is exploring the possibility of raising funds from private equity for its newly set up EV arm Anevolve, which it claims is 100 percent owned cleantech, future tech company. All the… Continue reading Anand Group exploring possibility of PE infusion in its EV arm Anevolve
Cirba Solutions Secures Additional Investment from Marubeni to Expand Circular EV Battery Materials Supply Chain
Marubeni invests $50 million in Cirba Solutions to expand its superior battery materials operational footprint supporting a circular EV supply chain. CHARLOTTE, N.C., Feb. 9, 2023 /PRNewswire/ — Cirba Solutions, the largest and most comprehensive battery management and materials processor for end-of-life batteries and gigafactory manufacturing scrap, today announced a $50 million minority investment from the… Continue reading Cirba Solutions Secures Additional Investment from Marubeni to Expand Circular EV Battery Materials Supply Chain
Cirba Solutions Secures Additional Investment from Marubeni to Expand Circular EV Battery Materials Supply Chain
Marubeni invests $50 million in Cirba Solutions to expand its superior battery materials operational footprint supporting a circular EV supply chain. CHARLOTTE, N.C., Feb. 9, 2023 /PRNewswire/ — Cirba Solutions, the largest and most comprehensive battery management and materials processor for end-of-life batteries and gigafactory manufacturing scrap, today announced a $50 million minority investment from the… Continue reading Cirba Solutions Secures Additional Investment from Marubeni to Expand Circular EV Battery Materials Supply Chain