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Nokia, China Huaxin sign MoU to create new JV
2015-08-28 14:43:00| Telecompaper Headlines
(Telecompaper) Nokia and China Huaxin entered into a MoU confirming their intention to combine Nokia's telecommunications infrastructure businesses in China (Nokia China) and Alcatel-Lucent Shanghai Bell (ASB) into a new joint venture. As agreed under the MoU, Nokia expects to hold 50 percent plus one share in the new joint venture, with China Huaxin holding the remaining shares. Fair value compensation would be received for the contribution of relevant assets to the joint venture. The new joint venture is conditional on and would be formed after the closing of Nokia's planned combination with Alcatel-Lucent, at which point Nokia would own 50 percent plus one share of ASB. The new joint venture is expected to be a strong national asset based in China capable of delivering value for both parties. The new joint venture is planned to operate under the English name of Nokia Shanghai Bell and would be registered in the China (Shanghai) Pilot Free Trade Zone.
Sensus and GE to Create Residential Meter with FlexNet Communications
2015-08-27 18:09:00| Transmission & Distribution World
Sensus and GEs Digital Energy business are working together, integrating Sensus FlexNet communication technology into GEs existing I-210+c electric meter read more
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IAEA to create nuclear fuel bank for low-enriched uranium in Kazakhstan
2015-08-27 01:00:00| Power Technology
The International Atomic Energy Agency (IAEA) and Government of Kazakhstan have signed an agreement to set-up an IAEA Low Enriched Uranium (LEU) Bank in Oskemen, Kazakhstan in order to ensure fuel supplies for power stations and avoid nuclear prolife
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Wrexham Aerospace Firm to Benefit From A 65m Investment & Create 50 Jobs
2015-08-26 16:03:49| Chemicals - Topix.net
An aerospace firm based in Wrexham is set to create up to 50 new jobs following a multi-million pound investment . Cytec Industries Inc, who are based on the Wrexham Industrial Estate are investing up to A 65million in a new manufacturing facility to supply advanced adhesive materials to the largest OEMs in the aerospace industry.
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Raytek, Ircon, and Datapaq Join Forces to Create Fluke Process Instruments
2015-08-26 12:31:06| Industrial Newsroom - All News for Today
SANTA CRUZ, Calif. Fluke Corp. is integrating its Raytek, Ircon, and Datapaq product lines into a new brand: Fluke Process Instruments. All three companies have been part of the Fluke Corporation portfolio for some time. "Fluke Process Instruments combines more than 125 years of experience in pioneering new...
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