Tag: manufacturer

Acquisition of Powertech Transformers concluded

South Africa, Johannesburg: Allied Electronics Corporation Limited (Altron) has finalised the disposal of its 80% interest in Powertech Transformers to a consortium comprising of SGB-SMIT and local-owned Power Matla Group.

Power Grid Components acquires instrument transformer maker

Power Grid Components, Inc., a company formed by a private equity firm Shorehill Capital LLC and Rick McClure, has announced the completion of the acquisition of Instrument Transformer Equipment Corporation (ITEC), a North Carolina-based manufacturer of dry molded and oil-filled instrument transformers.

US levies 60.81% anti-dumping duties on S. Korean power transformers

South Korean power transformer manufacturer Hyundai Electric and Energy Systems has been informed by the U.S. Commerce Department of a decision to impose an anti-dumping duty of 60.81 % on its large power transformers shipped to the U.S. between August of 2015 and July of 2016, reports KBS World.

CG Power sells US business to Brazilian company for $37M

India, Mumbai: Mumbai-headquartered CG Power and Industrial Solutions, power and distribution transformer manufacturer and part of Avantha Group, is selling its US business to a Brazilian company WEG at an enterprise value of $37 million.

U.S. hits Korean transformer maker with 61% anti-dumping duty

Korea, Seoul: The U.S. government has decided to slap a higher than preliminarily set anti-dumping rate on large power transformers exported by a South Korean manufacturer Hyundai Heavy Industries Co., the latest in a series of trade restrictions imposed on locally made goods under the Trump administration.

Comtrafo planning to open transformer plant in Montana

USA, Columbia Falls: Company officials from a Brazilian transformer manufacturer Comtrafo S.A. visited Columbia Falls in Montana, USA to consider options for establishing a local transformer manufacturing plant, casting an eye toward the former site of the Columbia Falls Aluminum Company.

ZTR to supply power transformer for solar generation

Ukraine, Zaporozhye: Ukrainian transformer manufacturer Zaporozhtransformator (ZTR) and a Ukrainian solar energy company Tokmak Solar Energy have signed a contract for the supply of a new power transformer to be used for generation of solar power.

ZTR successfully tests first of 22 transformers for Ukrenergo

Ukraine, Zaporyzhye: Ukrainian transformer manufacturer ZTR has successfully tested the first transformer manufactured as part of the recently concluded equipment supply contract with the national energy operator Ukrenergo.