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29.08.25 - 10:24
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Kawasaki Heavy′s Engine Data Tampering Scandal Expands (Nippon)
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Tokyo, Aug. 29 (Jiji Press)--Kawasaki Heavy Industries Ltd. is suspected of falsifying some inspection data regarding the mileage of diesel engines for submarines of the Japanese Maritime Self-Defense Force, following a similar scandal involving private ship engines, informed sources said Friday. The company reported the latest suspected case to the Defense Ministry on Aug. 7. "We believ......
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29.08.25 - 09:24
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Kone to elevate Greater Bay Area operations from its base in Shenzhen (SCMP)
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Finnish lift maker Kone plans to set up its southern China headquarters in Shenzhen, which will include a research and development centre and a logistics hub, to tap growing opportunities in the Greater Bay Area.
The company on Friday signed an agreement with the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone of Shenzhen, marking the launch of its investment initiative in the Guangdong-Hong Kong-Macau Greater Bay Area.
“It's a very significant investment for Kone,” said Joe......
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27.08.25 - 15:48
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Mitsubishi Electric Trane HVAC US Names Tim Vordenbaumen Chief Financial Officer (Business Wire)
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SUWANEE, Ga.--(BUSINESS WIRE)--Mitsubishi Electric Trane HVAC US LLC (METUS), a leading supplier of all-electric, all-climate Ductless and Ducted Mini-split and Variable Refrigerant Flow (VRF) heat pump and air-conditioning systems, welcomes Tim Vordenbaumen, CPA, as the company's new Chief Financial Officer.
As CFO, Vordenbaumen will be responsible for financial guidance to the senior leadership team as well as planning, implementing, managing, and controlling financial-related activities for METUS.
With 20 years of experience at Trane Technologies, Vordenbaumen has held a series of influential leadership positions. As Controller within Residential HVAC, he chaired the Limited Warranty Council, developing key strategies. He also served as Finance Leader of Parts and the Dealer Distributor Channel, where he spearheaded a successful supply chain cash flow initiative. His most recent position was Finance Leader for Commercial HVAC Americas. Prior to joining Trane Technologies, Vordenbaumen launched his car...
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27.08.25 - 09:15
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Research: G Sachs Lifts TPs for CRRC, TIMES ELECTRIC; Both Rated Buy (AAStocks)
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The 1H25 interim results of CRRC (01766.HK) and TIMES ELECTRIC (03898.HK) largely met guidance, with a differentiated yet stable pattern observed in railway and emerging businesses, according to Goldman Sachs' research report.As of now, the bidding volume for MUs and locomotives has reached 278 standard sets and 455 units, s......
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