Eaton Corp. (NYSE:ETN) announced it has agreed to acquire Polimer Kauçuk Sanayi ve Pazarlama A.Ş., a Turkish manufacturer of hydraulic and industrial hose.
Industry News
Magnet manufacturer wins electro-hydraulic steering unit order
A manufacturer of efficient and reliable permanent magnet rotating equipment, Danotek Motion Technologies, has been awarded a purchase order from Electric Vehicles International (EVI) for the supply of electro hydraulic steering units.
Technical documents from NFPA focus on seals, cleanliness, filters
Two new technical documents and a new technical report have recently been published and are now available from the National Fluid Power Association (NFPA).
IFPE named as one of fastest growing events
IFPE 2011 has been named one of the top 25 fast-growth shows by EXPO Magazine, and the exhibition was cited for its increasing use of technology. NFPA co-owns IFPE with the Association of Equipment Manufacturers (AEM) and it is produced by AEM. IFPE is the largest show in North America focused on new equipment and […]
NFPA Foundation offering grant for fluid power lab
The NFPA Education and Technology Foundation has initiated its new Fluid Power Laboratory Program to establish a state-of-the-art training lab at a qualifying educational institution.
HydraForce releases new version of i-Design
HydraForce has released the latest version of its hydraulic circuit design tool. Version 3.3 of i-Design supports the trend toward higher hydraulic system pressures, smaller hydraulic “footprints” and greater global application of hydraulic manifolds and cartridge valves.
MTS reports $134 million revenue for 2012 Q1; hydraulics up 34%
MTS Systems Corp. (NASDAQ: MTSC) on Feb. 2 reported fiscal 2012 Q1 financial results. Mobile Hydraulics was up 34%, driven by demand in the Americas. Industrial market demand was down 4% primarily due to large customer order timing in Europe and Asia.
Eaton Corp.’s Q4 profits up
Eaton Corp. reported that its fourth-quarter net income attributable to common shareholders increased to $362 million from $280 million in the year ago quarter. Net income per share was $1.07, a 30% increase over net income per share of $0.82 in the fourth quarter of 2010.
Sun Hydraulics expanding its Sarasota facility
Sun Hydraulics Corp. announced that it has applied for all permitting to begin site preparation for a planned expansion on property the company owns. The Tallevast facility and the planned new facility, was completed in November 2011. The new facility, when completed, will have 60,000 sq-ft of manufacturing and 16,000 sq-ft of office space to create capacity for future growth. The total investment, including the completed infrastructure utility building and site work, is estimated to be approximately $16 million.
Muncie to offer product and application school
The first Muncie Product and Application School of 2012 will be held at Muncie Power Products’ general offices in Muncie, Indiana the week of February 20-24, 2012.