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Parker Hannifin acquires Hoerbiger-Origa
Parker Hannifin has acquired Hoerbiger-Origa Holding (Origa Group) from Hoerbiger Holding AG of Zug, Switzerland. Origa Group is a manufacturer of rodless pneumatic actuators, electric actuators, FRLs (filter regulator lubricator), pneumatic cylinders, and valves used in the transportation, semiconductor, packaging and conveying markets. The Group has major operations in Filderstadt, Germany, Wiener Neustadt, Austria, Glendale Heights, Illinois in the United States and smaller facilities in several other international locations. Origa will continue to serve its customers globally, now as a division of Parker Hannifin's Automation Group. "We are pleased that Origa is now a unit of the world's leading motion and control technology company," said Dieter Friedemann for Origa Group. "Parker has a reputation for leveraging the capabilities of the businesses it acquires yielding accelerated growth and profitability. That is good news for Origa customers, suppliers and employees."
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Double digit growth for semis in drives
Industrial drives will be a solid growth market for semiconductors and components, according to a report by IMS Research. This market will grow from about $2.5BN in 2007 to well over $3BN in 2011. The growth is due to an increasing number of drives shipped rather than an increase in semiconductor value in each drive. Record high energy prices have led many companies to install drives with motors for the first time, as the resulting energy savings now mean that the payback period is shorter than ever. Detailed data reported by leading motor drives vendors suggested that the market grew 15-16% from 2005 to 2006, with double digit growth again in 2007, and further growth to follow.
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Moxa opens branch office in Paris
Moxa Europe announces the opening of a branch office in Paris, France, in October 2008. Moxa is a global manufacturer of industrial networking solutions based in Taipei, Taiwan. Since the opening of the European headquarters in Unterschleissheim, North of Munich, in April 2006, Moxa has enjoyed consecutive growth. Moxa Europe´s share of the business was at 41 % of the global revenue, with 35 % revenue growth compared to 2006. "With our branch office in Paris we want to further improve our customer service and ensure even more proximity to our customers, which results in an improved customer liaison and support", says Justin Kao, General Manager of Moxa Europe. "France is an important market for us with the fourth biggest GDP in the industrial sector in Europe. Moreover, some of our key customers in the focus vertical markets power and transportation automation have their offices in and around Paris".
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Timken will supply steel for Antenna Tower on Freedom Tower
Timken has supplied special bar quality steel for use in constructing the antenna tower for the Freedom Tower at the World Trade Centersite in New York City. Timken steel will be used to build the supporting legs of the 450- foot-antenna tower on top of the building. Timken was selected as a supplier for the project by DCM Erectors of Toronto, Canada, which is the project's steel erector and will build the tower's 12-sided antenna. Tishman Construction Corporation of New York is serving as Construction Manager for the Freedom Tower. The Freedom Tower, being built by the Port Authority of New York & New Jersey, will stand 541 meter tall, and will serve as an inspirational and enduring beacon in the New York City skyline.
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