Latest news with #CORE
Economic Key
5 hours ago
- Business
- Economic Key
CCR Developments gears up to launch third real estate project in the New Administrative Capital
CCR Developments is preparing to launch its third project in the New Administrative Capital, a move that reflects the company's strong confidence in the future of the New Capital and its commitment to meeting the growing demand for high-quality real estate developments within the city. Dr. Remon Taghian, CEO of CCR Developments, stated that CCR Developments already owns two flagship projects in the New Capital, including Front Gate—a mixed-use project featuring commercial, administrative, medical, and hotel units. The project spans 4,000 sqm and consists of a ground floor and seven upper floors. Taghian added that the third project is located near Mostakbal City and serves the areas of the New Administrative Capital, Madinaty, and Mostakbal City. The concrete structure has been 100% completed, with 60% of the electromechanical work and over 70% of the façade work also finished. Additionally, the company is developing CORE, a commercial and administrative project located in the R3 district. Positioned at the crossroads of two major roads—each 70 meters wide—the project enjoys a prime location overlooking the main R3 corridor, which links Sports City, the Mohamed Bin Zayed Axis, and the Central Business District. Just a few steps from Sports City and only five minutes from the capital's main gate, construction on the project is currently in progress. Taghian noted that the company brings over 40 years of experience in the real estate market, having developed more than 150 standalone projects and 250 retail units in East Cairo before expanding into major developments in the New Administrative Capital. He concluded that the success of the company's previous two projects reinforces its expansion plans, with the upcoming launch of its third project, which is set to be an innovative new addition to real estate market. تم نسخ الرابط
7NEWS
a day ago
- Entertainment
- 7NEWS
Fans in a frenzy at possibility Tomorrowland could come to Australia in 2026
Eagle-eyed fans believe Tomorrowland, or at least an offshoot of the world-famous electronic dance music festival, is Australia-bound for the first time in 2026. Attendees walking towards the CORE stage at this year's festival in Belgium over the weekend spotted a map installation that looked to be teasing upcoming locations. Among them was Melbourne, which appeared as a potential host in November 2026. A video of the map was shared on TikTok, where it has racked up more than 120,000 likes. Many believe at the very least Tomorrowland's CORE stage is on its way as part of a boutique event series. 'I wanna go so freaking bad,' one person said. If it does pan out that way, it would mark the bucket-list festival's Australian debut. If must be said that there is no confirmation at this stage. has reached out to Tomorrowland representatives for details but are yet to hear back. The TikTok video also suggested a festival could be held in Los Angeles in May 2026. Tomorrowland is held annually in Boom, Belgium, attracting 400,000 festivalgoers from around the world. It was first held in 2005 and has grown to become one of the world's biggest music festivals. Just two days before the 2025 event was due to start, a raging fire destroyed the famous main stage. But heavy metal band Metallica came to the rescue, reportedly offering up some of their world tour stage equipment that was in storage to ensure the show could go on. Tomorrowland spin-off festivals have previously been held in the US, Brazil, Colombia and Mexico.
Yahoo
6 days ago
- Business
- Yahoo
CORE Industrial Partners Portfolio Company PrecisionX Group Acquires Hudson Technologies
CHICAGO, July 16, 2025--(BUSINESS WIRE)--CORE Industrial Partners ("CORE"), a manufacturing, industrial technology, and industrial services-focused private equity firm, announced today the acquisition of Hudson Technologies ("Hudson" or the "Company"), a provider of specialty deep and shallow drawn stamping, by CORE portfolio company PrecisionX Group ("PrecisionX"). The highly complementary addition of Hudson to the PrecisionX platform continues CORE's intent to build a mission-critical precision components business serving attractive end markets. Formed in 2023, PrecisionX offers specialty deep and shallow drawn and progressive stamping as well as Swiss screw, CNC, and wire EDM machining technologies for growth-oriented end markets, including aerospace & defense, medical devices, and satellite & space. The platform covers approximately 400,000 square feet of manufacturing space with more than 650 employees across seven facilities. The Company holds ISO 9001, ISO 13485, and AS9100D certifications, in addition to ITAR and FDA registrations. Founded in 1940, Hudson offers precision deep and shallow drawn stamping and progressive die stamping to manufacture metal enclosures, headers, diaphragms, and components using a variety of materials, from aluminum, stainless steel, copper, brass and titanium to specialty alloys, including Hastelloy, Haynes 242, HyMu80, Inconel, Kovar and Monel, among others. The Company augments its core stamping capabilities with dedicated in-house tool & die design and development as well as a broad selection of value-added finishing services, including annealing, anodizing, bead blasting, heat treating, painting, plating, polishing, and powder coating. Hudson serves numerous end markets, including semiconductor, electronics, and industrials, with especially deep experience in the medical and aerospace & defense sectors. The Company has manufactured deep drawn mission-critical implantable medical devices, such as cardioverter defibrillators and neuromodulation products, for approximately five decades, and produces valves, sensors, diaphragms, housings, antenna, and actuators for aerospace & defense applications ranging from engine and flight control to communication and navigation. Headquartered in Ormond Beach, Florida, with approximately 150 machines, the Company holds an AS9100 certification and an ITAR registration. Matthew Puglisi, Partner at CORE, said, "We believe Hudson, a long-recognized provider of deep and shallow drawn stamping, is an especially strong strategic fit with the PrecisionX platform. In addition to enhancing PrecisionX's specialty stamping capabilities and capacity, the acquisition deepens the platform's medical and aerospace & defense presence while aligning with its strategic focus on serving critical-use applications in those attractive end markets." Rock Lambert, Operating Partner at CORE, said, "It's a pleasure to welcome Hudson to the PrecisionX platform. We believe Hudson's impressive customer base of many industry-leading companies in demanding end markets speaks to both the Company's differentiated manufacturing capabilities and its stringent focus on quality, both of which are a compelling fit with the platform." ABOUT CORE INDUSTRIAL PARTNERS: CORE is an industrials-focused private equity firm with more than $1.58 billion in total limited partner capital commitments across four funds investing in North American lower middle-market manufacturing, industrial technology, and industrial service businesses. With offices located in Chicago, Austin and Cleveland, CORE's team is comprised of highly experienced former CEOs and investment professionals with shared beliefs, deep experience, and a demonstrated track record of building market-leading businesses. Through our capital, insight, and operational expertise, CORE partners with families, entrepreneurs and management teams and strives to build best-in-class companies. For more information, visit ABOUT PRECISIONX GROUP: PrecisionX Group provides precision metal components for critical-use applications in growth-oriented end markets, including aerospace & defense, medical devices, satellite & space, electric vehicles, mining, semiconductors, and other industrial markets. Headquartered in Waterbury, Connecticut, PrecisionX utilizes deep and shallow drawn and progressive stamping, as well as Swiss screw, CNC, and wire EDM machining technologies to manufacture high-precision components from prototyping through high-volume production. For more information, visit ABOUT HUDSON TECHNOLOGIES: Hudson Technologies provides precision deep and shallow drawn stamping and progressive die stamping, in-house tool & die design and development capabilities, and a broad selection of value-added finishing services. The Company serves a variety of end markets, including aerospace & defense, medical, electronics, semiconductor, and industrials through a fleet of approximately 150 machines. Headquartered in Ormond Beach, Florida, the Company holds an AS9100 certification and is ITAR-registered. For more information, visit View source version on Contacts Jeremy MilnerGregory FCAjmilner@ (401) 862-9422 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNA
17-07-2025
- Business
- CNA
The way Indonesia deals with US, EU could set bad precedent for countries looking to forge similar deals
JAKARTA: The latest trade deal between Indonesia and the United States could set a 'bad example' for countries looking to make similar arrangements with the Western superpower, according to some experts. And as US President Donald Trump's tariff threats spread ripples of economic uncertainty, analysts also cautioned against the potential pitfalls of a recently finalised agreement between the Southeast Asian archipelago and the European Union (EU). In Trump's plans to impose lofty 'reciprocal' tariffs on goods imported from almost every country and territory around the world, Indonesia was initially hit by a 32 per cent tariff on Apr 2, which was then abruptly postponed for three months to leave room for negotiations. At first, talks between Jakarta and Washington appeared to have been fruitless, with Trump informing Indonesia on Jul 7 that the tariff would remain at 32 per cent. But he has backtracked on that decision, announcing on social media on Wednesday (Jul 16) that the US tariff on Indonesian goods will be lowered to 19 per cent. The uncertainty triggered by the tariff threats could cause some countries to look towards other trade alliances, experts told CNA. 'Suddenly, every country is looking to diversify their markets and seek more reliable trading partners,' Yusuf Rendy Manilet, an economist from the think tank Center of Reform on Economics (CORE), told CNA, adding that Trump's tariff decisions have so far been subjective and arbitrary. 'Trump's policies have been unpredictable and without solid grounds. He is even hitting his allies with lofty tariffs.' But as countries around the world rush to find new markets, some nations might be tempted to roll back long-standing policies and water down key environmental and industrial protections in exchange for sealing the deal quickly, said analysts. Analysts warned such rushed negotiations could lead to trade imbalance, job losses and environmental damage, as they also cautioned against countries potentially sacrificing their domestic interests. INDONESIA-EU'S TUG OF WAR Amid the backdrop of Trump's ever-changing policies, which have so far caused panic buying, stock market crashes and threats of retaliation - Indonesia and the EU agreed to expedite negotiations on a proposed economic agreement. Diplomats from Jakarta and Brussels have been locked in a nine-year political tug-of-war, struggling to work out details of the potential partnership, which has been under negotiation since July 2016 and discussed in more than a dozen rounds of talks. However, on Sunday (Jul 13), President of the EU's executive branch, the European Commission, Ursula von der Leyen announced that both sides were ready to finalise the agreement. 'We're living in turbulent times, and when economic uncertainty meets geopolitical volatility, partners like us must come closer together,' von der Leyen said at a news conference in Brussels alongside Indonesian President, Prabowo Subianto. Officials from both sides still need to iron out some details of the final document, which is expected to be signed in September. Analysts say the Indonesia-EU treaty could be the first of many agreements forged by countries around the world as they navigate the uncertainty caused by Trump's tariffs. Indonesia is also looking to expedite its economic partnership negotiations with the Eurasian Economic Community - a union of five former Soviet states including Russia and Kazakhstan - and the South American economic bloc, Mercosur – comprising six countries including Brazil and Argentina. The tariff imposed on EU countries went from 20 per cent on Apr 2 to 30 per cent as of Jul 12. The EU is still negotiating the tariff before it becomes effective on Aug 1. Meanwhile, the EU is resuming its free trade negotiations with Malaysia, whichstarted in 2010 but were halted in 2012 due to disagreements over issues such as market access and the EU's environmental regulations affecting Malaysia's palm oil industry. The EU is also resuming talks with the Philippines, which began in 2013 but stalled in 2017 over concerns about the human rights record of the then-President of the Philippines, Rodrigo Duterte. 'The only good thing from Trump's tariffs is that they bring countries closer together and have them set aside their differences,' Teuku Rezasyah, an associate professor in International Relations at Padjadjaran University, told CNA. LONG TIME COMING The EU is Indonesia's fifth biggest trading partner, with US$31 billion worth of goods traded between the two countries in 2024 and Indonesia enjoying a trade surplus of US$9 billion. Members of the European bloc also invested US$29.1 billion in Indonesia in 2023. "We consider Europe to be very important to us. That is why we would like to see more European presence and more European participation in our economy," Prabowo said in Brussels on Sunday. However, Indonesia is only the EU's 33rd largest trading partner. The bloc's largest trading partner is the US, with volume reaching US$975.9 billion worth of goods in 2024. Of the figure, the EU enjoyed a surplus of US$236 billion. 'With the US threatening a 30 per cent tariff on European goods, it is imperative that the EU finds a new market for its products and few markets are as big as Indonesia,' Achmad Nur Hidayat, an economics and public policy lecturer from the Jakarta National Development University, told CNA. Indonesia is the world's fourth most populous country with a population of around 286 million. The Indonesia-EU agreement aims to eliminate tariffs on 80 per cent of the goods and services traded between both sides, along with swifter customs procedures and more investment incentives. Before Trump's tariff plans, these benefits seemed far-fetched with numerous rounds of negotiations ending in a deadlock, said experts. The EU has been critical towards Indonesia's local content requirement policy, which European carmakers see as a barrier to selling their products more competitively in Southeast Asia's biggest economy. The local content requirement is a set of regulations designed to protect domestic industries and manufacturing. Meanwhile, Indonesia has been opposing Europe's anti-deforestation law which requires Indonesian exporters to prove their palm oil, timber or other agricultural products do not contribute to forest destruction. In April, Prabowo said that Indonesia is willing to be 'flexible' and 'realistic' on its local content requirement, acknowledging that Indonesia does not yet have the infrastructure, technology or resources to produce certain products domestically. Meanwhile, the EU is making it easier for companies to comply with its anti-deforestation law: requiring them to submit a due diligence statement annually instead of each shipment. The EU will also categorise countries based on their risk of having products linked to unsustainable practices with low-risk countries subjected to fewer compliance requirements. These new EU requirements, which were also announced in April, will take effect in December. Officials in Indonesia and the EU have refused to say whether their respective policy rollbacks are part of the economic agreement. Uli Arta Siagian from the Indonesian Forum for the Environment (WALHI) criticised the EU's decision to relax its requirement. 'It will drive the expansion of palm oil plantations on a massive scale, jeopardising forests and wetlands, which are crucial to local wildlife and the indigenous population,' she told CNA. Analysts are also criticising Indonesia for rolling back its local content requirement. 'Our manufacturing industry is already suffering and it will suffer even more if the requirement is removed,' said economics lecturer Achmad. He argued that the local content requirement offers a big incentive for companies to set up factories in Indonesia and removing it would reduce potential investments from companies looking to enter the Indonesian market. It will also upset companies such as Korean electronics giant Samsung or Chinese mobile phone manufacturer Oppo, which have invested billions of dollars to comply with the regulation. A WORRYING TREND? The US has also been critical towards Indonesia's local content requirement, describing it as a non-tariff trade barrier and one of the factors hindering American companies from entering the Indonesian market. In a Truth Social post, Trump wrote that 'US exports to Indonesia are to be tariff and non-tariff barrier free' in exchange for lowering Indonesia's tariff from 32 per cent to 19 per cent. 'This landmark deal opens up Indonesia's entire market to the US for the first time in history,' he continued. Trump said Indonesia had also committed to purchasing US$15 billion worth of US energy and US$4.5 billion in American agricultural products, as well as 50 Boeing jets. 'For the first time ever, our ranchers, farmers, and fishermen will have complete and total access to the Indonesian market of over 280 million,' Trump wrote. Speaking to reporters on Wednesday, Prabowo defended the deal calling it 'mutually beneficial.' 'I have calculated everything. What matters to me are my people. What matters is that I have to protect my workers,' he said, adding that Indonesia is only purchasing what it needs from the US. The president highlighted that Indonesia does not produce its own wheat and soy, something which the US can supply. The Boeing jet purchase, he continued, will be used to grow its national airline, Garuda. 'I have spoken with President Donald Trump. It was tough negotiation. But in the end there was an agreement. We understood their needs and they understood our needs,' Prabowo said. Harry Su, research director of Jakarta-based securities firm Samuel Sekuritas Indonesia, questioned if Indonesia should call this a 'win'. 'Is this a good deal for Indonesia? Trump called it a landmark deal. Simply put: US won a lot as Indonesia opens up its entire market to the US,' he said in a statement on Wednesday. But Wijayanto Samirin, an economist from Paramadina University believed that the US deal might not be all that bad. With a tariff lower than most countries, US demands for Indonesian products will increase, Wijayanto argued, paving the way for more investment needed to revitalise Indonesia's manufacturing industry. The economist also highlighted that Indonesia has been importing wheat from Australia and Canada and soy from the US and Argentina. "We need those products. It is just where we import them from that will be different. So it won't affect our trade balance as a whole," Wijayanto said as quoted by Kompas newspaper. Indonesia can also benefit from cheaper US goods, particularly technologies and machinery needed to support the country's defence, telecommunication and manufacturing sectors. Still, economics lecturer Achmad said Indonesia is setting a bad example with the way it handles negotiations with both the US and the EU. 'Prabowo often says: 'One enemy is too many, a thousand friends are not enough', but it should not come with sacrificing domestic interests in exchange for quick deals,' he said. By backpedalling, Indonesia could jeopardise future negotiations with Eurasia and Mercosur blocs, which might make similar demands for Indonesia to impose zero tariffs and eliminate trade barriers for their products. 'And this is bad for other countries which are now trying to negotiate their own deals with the US or the EU, both of which are now expecting to get the same deal as they did with Indonesia,' he said.
Business Wire
16-07-2025
- Business
- Business Wire
CORE Industrial Partners Portfolio Company PrecisionX Group Acquires Hudson Technologies
CHICAGO--(BUSINESS WIRE)--CORE Industrial Partners ('CORE'), a manufacturing, industrial technology, and industrial services-focused private equity firm, announced today the acquisition of Hudson Technologies ('Hudson' or the 'Company'), a provider of specialty deep and shallow drawn stamping, by CORE portfolio company PrecisionX Group ('PrecisionX'). The highly complementary addition of Hudson to the PrecisionX platform continues CORE's intent to build a mission-critical precision components business serving attractive end markets. Formed in 2023, PrecisionX offers specialty deep and shallow drawn and progressive stamping as well as Swiss screw, CNC, and wire EDM machining technologies for growth-oriented end markets, including aerospace & defense, medical devices, and satellite & space. The platform covers approximately 400,000 square feet of manufacturing space with more than 650 employees across seven facilities. The Company holds ISO 9001, ISO 13485, and AS9100D certifications, in addition to ITAR and FDA registrations. Founded in 1940, Hudson offers precision deep and shallow drawn stamping and progressive die stamping to manufacture metal enclosures, headers, diaphragms, and components using a variety of materials, from aluminum, stainless steel, copper, brass and titanium to specialty alloys, including Hastelloy, Haynes 242, HyMu80, Inconel, Kovar and Monel, among others. The Company augments its core stamping capabilities with dedicated in-house tool & die design and development as well as a broad selection of value-added finishing services, including annealing, anodizing, bead blasting, heat treating, painting, plating, polishing, and powder coating. Hudson serves numerous end markets, including semiconductor, electronics, and industrials, with especially deep experience in the medical and aerospace & defense sectors. The Company has manufactured deep drawn mission-critical implantable medical devices, such as cardioverter defibrillators and neuromodulation products, for approximately five decades, and produces valves, sensors, diaphragms, housings, antenna, and actuators for aerospace & defense applications ranging from engine and flight control to communication and navigation. Headquartered in Ormond Beach, Florida, with approximately 150 machines, the Company holds an AS9100 certification and an ITAR registration. Matthew Puglisi, Partner at CORE, said, 'We believe Hudson, a long-recognized provider of deep and shallow drawn stamping, is an especially strong strategic fit with the PrecisionX platform. In addition to enhancing PrecisionX's specialty stamping capabilities and capacity, the acquisition deepens the platform's medical and aerospace & defense presence while aligning with its strategic focus on serving critical-use applications in those attractive end markets.' Rock Lambert, Operating Partner at CORE, said, 'It's a pleasure to welcome Hudson to the PrecisionX platform. We believe Hudson's impressive customer base of many industry-leading companies in demanding end markets speaks to both the Company's differentiated manufacturing capabilities and its stringent focus on quality, both of which are a compelling fit with the platform.' ABOUT CORE INDUSTRIAL PARTNERS: CORE is an industrials-focused private equity firm with more than $1.58 billion in total limited partner capital commitments across four funds investing in North American lower middle-market manufacturing, industrial technology, and industrial service businesses. With offices located in Chicago, Austin and Cleveland, CORE's team is comprised of highly experienced former CEOs and investment professionals with shared beliefs, deep experience, and a demonstrated track record of building market-leading businesses. Through our capital, insight, and operational expertise, CORE partners with families, entrepreneurs and management teams and strives to build best-in-class companies. For more information, visit ABOUT PRECISIONX GROUP: PrecisionX Group provides precision metal components for critical-use applications in growth-oriented end markets, including aerospace & defense, medical devices, satellite & space, electric vehicles, mining, semiconductors, and other industrial markets. Headquartered in Waterbury, Connecticut, PrecisionX utilizes deep and shallow drawn and progressive stamping, as well as Swiss screw, CNC, and wire EDM machining technologies to manufacture high-precision components from prototyping through high-volume production. For more information, visit Hudson Technologies provides precision deep and shallow drawn stamping and progressive die stamping, in-house tool & die design and development capabilities, and a broad selection of value-added finishing services. The Company serves a variety of end markets, including aerospace & defense, medical, electronics, semiconductor, and industrials through a fleet of approximately 150 machines. Headquartered in Ormond Beach, Florida, the Company holds an AS9100 certification and is ITAR-registered. For more information, visit
