HITEC Power Protection

Manufacturing Technology

LUXIT Group | December 14, 2022

Global automotive lighting supplier LUXIT Group (LUXIT), an affiliate of New Water Capital Partners I L.P. (New Water), has acquired a manufacturing facility in Pulaski, Tennessee, from Proper Group International, LLC. The Pulaski facility, which began operations in 2016, will further expand LUXIT's manufacturing presence in the United States. The 88,000-square-foot facility employs 140 people and is fully dedicated to lighting products and technologies. It will add multi-colo...

Lean Manufacturing

Allient Inc. | January 15, 2024

Allient Inc. a global designer and manufacturer of precision and specialty Motion, Controls and Power products and solutions for targeted industries and applications, today announced the acquisition of SNC Manufacturing Co., Inc. (“SNC”), a premier designer and global manufacturer of electrical transformers serving blue-chip customers in defense, industrial automation, alternative power generation and energy, including electric utilities and renewable energy. SNC’s offeri...

Manufacturing Global | April 15, 2020

Output in the U.S. manufacturing industry dropped by 6.3% in March, the largest decline since 1946, following the outbreak of the COVID-19 pandemic. The Federal Reserve reported that industrial production as a whole, which includes factories, utilities, and mines, fell by 5.4%. Economists had not predicted such a steep decline in figures, which has been largely down to the entire shut-downs of numerous automotive factories - with production of automotives and parts dropping by a significant 28%....

Tesla, CureVac | July 03, 2020

German vaccine maker CureVac has lost some shine in the race for a COVID-19 shot after other mRNA-based hopefuls have captured regulators' attention. Even so, CureVac has reportedly snared a big partner to help build its game-changing RNA "printers" that could turn global interest back in its favor. Tesla CEO Elon Musk tweeted Thursday that the electric carmaker had signed on with CureVac to make portable molecular RNA printers—what Musk called "RNA microf...