U.S. power management company Eaton Corporation is negotiating a takeover of Turkey’s Ulusoy Elektrik for around $300 million, Reuters cites two sources.
Indian transformer manufacturing company PME Power Solutions India Limited is planning to establish a manufacturing base in Zambia to service the country and the region.
Australian transformer manufacturer Tyree Transformers has recently delivered two 6/8 MVA ONAF power transformers to a regional power utility business, EA Networks, who operate a network in the South Island in New Zealand.
QTC Energy, Thai transformer manufacturer, is to acquire a 15% stake in a solar farm developer Green Earth Power through its subsidiary QTC Global Power.
Croatia, Zagreb: Croatian manufacturer of distribution and special transformers KONČAR – D&ST has signed a contract to acquire a majority stake in the Polish transformer manufacturer Power Engineering Transformatory based in Czerwonak, Poznan.
Brazil: Brazilian transformer manufacturer WEG has been upgrading nine 550 kV single-phase transformer following the contract signed with the electric utility company Copel.
USA, Virginia: Lynchburg-based transformer and mobile substation manufacturer Delta Star, Inc. has announced an agreement to purchase the Alstom transformer factory in Saint-Jean-Sur-Richelieu near Montreal in Quebec, Canada.
Zambia, Lusaka: Chinese transformer manufacturers TBEA Company Limited and Chint Electric Company have been contracted by Zambia’s largest power company ZESCO to supply power transformers and shunt reactors for three substation upgrade projects.
Ukraine, Zaporozhye: For the period of three months of 2015, Zaporozhtransformator PJSC (ZTR) completed installation of 39 units of transformer equipment, including 32 power transformers and 7 reactors.
Austria, Weiz: Celebrating the 110th anniversary of the transformer factory in Weiz, Siemens also marked the shipment of its 4,000th manufactured power transformer.
South Korea, Seoul: Hyosung Corporation, a Korea-based industrial conglomerate and transformer manufacturer will participate in the Grid Tech 2015 exhibition in its efforts to attract new clients in the Indian and the wider Asian market.
Canada, Ontario: Hammond Power Solutions Inc. (HPS), a manufacturer of dry-type and cast resin transformers, announced that it has completed the formation of a new company, Corefficient S. de R.L. de C.V. (Corefficient), a joint venture with National Material LP (NMLP).
Russia, Moscow: As part of 110 kV substation Elektrostal upgrade (Elektrostal), MOESK delivered the second power transformer from the manufacturing company Elektrozavod.
Uruguay: Urutransfor signed a contract with National Electricity Corporation of Venezuela worth $ 32 million to supply 60 power transformers over 3 years.