INDIA > Germany based Siemens commissioned to electrify a 39.2 km metro line in the Indian metropolis Ahmedabad in a project worth more than €76 million ($94.3 million)

Siemens logo1 Metro Link Express for Gandhinagar and Ahmedabad (MEGA) has commissioned Siemens for electrifying a 39.2 km metro line worth more than €76 million ($94.3 million). Currently under construction, the metro line will run in Ahmedabad city in two corridors, East- West and North- South. The complete electrification of the new double- track metro line will be Siemens responsibility and the More …

USA > Delphi Technologies PLC is set to invest in PolyCharge America to commercialize a new capacitor technology

Delphi Technologies In order to commercialize a new capacitor technology that aims to make high- power inverters smaller, lighter and more tolerant to high temperatures, Delphi Technologies is set to invest in PolyCharge America, a startup and the producer of the new capacitor technology. Sigma Technologies, the parent company of PolyCharge, and Delphi Technologies enjoy pre- existing long standing technology partnership. Delphi More …

USA > Renren Inc, operator of a social networking service and internet finance business in China, is set to acquire Trucker Path Inc., a social platform for the trucking industry in the U.S

renren logo Renren Inc is set to acquire 100% of Trucker Path. Trucker Path is the maker of Trucker Path app that is a trip planning companion for truck drivers. Trucker Path app enables a large driver community to assist themselves in updating the real-time status of relevant points- of- interest while driving on their route. Some of the features of the More …

AUSTRALIA > US based Progress Rail has signed an agreement to acquire Downer Freight Rail

Progress Rail logo Progress rail, a Caterpillar company, has signed an agreement to acquire Downer Freight Rail. Downer Freight Rail provides a full suite of rolling stock, aftermarket parts and services. It is headquartered in North Ryde and has 15 maintenance facilities throughout Australia. With this acquisition, Progress Rail and Downer, that have already been in business for nearly 70 years, will further More …

TURKEY > France Based ADP to invest US$ 160 Million Additional Capital in Turkey’s TAV

TAV-Airports According to Reuters, French airport operator ADP will increase its stake in Turkish airport operator TAV Airports to 46% from its current stake of 38%. The cost for additional 8.12% stake will be around US$ 160 Million with valuation of TAV Airports’ equity at around $2.0 billion, or 19.2 Turkish lira per share. With this TAV will still remain a Turkish company, with More …

ENGLAND > US Based Boeing to invest $24.35Mn to open first European factory in Sheffield, UK

Boeing_full_logo.svg USA based Boeing is set to invest £20Mn ($24.35Mn) in Sheffield, UK for its first European factory. The investment is expected to create 30 new jobs. The 25,000 sq. feet production facility will make actuators for Boeing which is expected to cut supply chain costs.   About Boeing The Boeing Company is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, and satellites worldwide. The More …

SCOTLAND > Chevron Aircraft Maintenance to set up Centre of Excellence at Glasgow creating 82 jobs

Chevron Manchester, England based Chevron aircraft maintenance to establish a center of excellence for aircraft engineering, maintenance and training at Glasgow Prestwick Airport by January 2017 creating 82 jobs out of which 67 are highly skilled positions. Chevron will establish its new European headquarter with £8.5m ($10.81m) investment and additional £2m($2.54m) Regional Selective Assistance grants from Scottish Enterprise. The move to More …

NEPAL> Chinese companies keen to build rail network in Nepal

Chinese Rail Nepal Source: eKantipur (http://tinyurl.com/jsbnur9)               At least two Chinese companies have shown interest to develop rail networks connecting China with Nepal, and one of them has submitted a feasibility report for a rail link between Kathmandu and Pokhara. The China CAMC Engineering Company Ltd, which has submitted a feasibility report on Kathmandu-Pokhara electric railway, plans More …