Italian photovoltaics supplier Fimer has sealed €9 million in financing from Sace and Deutsche Bank for the supply of conversion centres for two solar farms in Mexico.
Deutsche will issue two performance bonds worth US$4.3 million, which will be backed by Sace. The German bank will also issue a €5 million loan that will be used to finalise supply contracts.
Head of Milan branch at Sace,…
Large-scale PV projects dominate the Mexican landscape with two auctions so far yielding very competitive bids for PV power plants in Mexico. Even though these auctions were open to a variety of power generation technologies, solar PV surprised observers by capturing about seventy percent of the auctioned capacity. Many of these plants in the first and second auction rounds will be built next…
Italy is emerging as one of the leaders in the new, partially deregulated energy market. This is thanks to a strategy that focuses on the creation of partnerships and joint ventures with local players.
In particular, two Italian-based heavyweights of the energy industry seem to be growing exponentially:
ENEL Green Power has been working in Mexico since 2007. Recently, ENEL…
Zapi Group, the Italian-based leader in motion and transmission components for batteries and hybrid-powered vehicles acquired Delta-Q, a Canadian company that designs chargers for electric vehicles, including golf cars, scissor lifts and floor cleaners.
Delta-Q’s co-founder and CEO, Ken Fielding, said the deal will accelerate Delta-Q’s growth and strengthen its product and service lineup.
“We…
ASSIOT is the Italian Association of Gears and Transmission Systems Manufacturers. Founded in 1971, ASSIOT’s membership is now 100 companies strong, which represent 70% of the Italian power transmissions manufacturing industry, and approximately 9,000 employees.
ASSIOT became the16th Machines Italia partner associations. Now the Italian Trade Commission’s sponsored project embraces 16 key…
This survey of Industry 4.0 was conducted by the Italian Trade Commission (ITA) Chicago USA Office and the Society of Manufacturing Engineers in November 2016 with over 325 companies based in the US taking part (2/3 of which currently use Italian machinery and technology in their production lines).
The report provides insight and analysis to determine the latest trends in Smart Manufacturing to…
So far this year, Italian investments in the US have been numerous and have been all over the map. The US States which have reported a string of recent Italian investments include Tennessee, Virginia, Illinois and Texas.
Tennessee:
In the first four months of this year, 2016, four noted Italian investments have taken place in “The Volunteer State” by the Italian companies…
Industrial Automation North America is co-located once again this year with the IMTS - International Manufacturing and Technology Show, here in Chicago, September 12-17, 2016 at McCormick Place.
And Machines Italia USA, the Italian Trade Agency via its Chicago Office together with the Italian manufacturers’ associations, ASSOFLUID (fluid power equipment and components) and ANIE (…
Two entities coexisting under the same management, based on completely different technologies and applications, OCMI and OTG are the two main components of OCMI Group, Italian business headquartered in Milan, founded in 1921 and run by the third generation of the Gusti family.
OTG specializes in manufacturing customized gearboxes, special speed increasers and reducers specifically for…
Italy Invests in the US: Italy-Based Acciaierie Valbruna Invests $30 Million in Fort Wayne (INDIANA)
Valbruna Slater Stainless Inc., a stainless steel and nickel-alloy manufacturer, has announced plans to expand its operations in Fort Wayne, Indiana., creating up to 45 new jobs by 2017.
The company, which is a subsidiary of Vicenza, Italy-based Acciaierie Valbruna SpA, will invest $30.5 million to renovate and equip its Fort Wayne facilities, constructing a 166,000-sq.-ft. addition. The…