Latest news with #Hitachi
Time of India
4 days ago
- Time of India
Insider job? Rs 10 lakh missing from ATM
Ghaziabad: More than Rs 10 lakh was stolen from an ATM in Jassipura colony. The accused allegedly sprayed a black ink on the CCTV camera installed inside the ATM kiosk of Hitachi Money Spot. Additional CP Alok Priyadarshi said the police got the information from the bank around 7 pm. "It looks like someone from the bank opened the ATM and took the money. There was no sign of force on the machine. The accused used some black spray on the CCTV camera. There was no security guard at the time ," he said. DCP Dhawal Jaiswal said on July 16 evening, an official of the Hitachi replenished the ATM with cash. You Can Also Check: Noida AQI | Weather in Noida | Bank Holidays in Noida | Public Holidays in Noida Two days later, the machine stopped working. For the next seven days there was no withdrawals from the ATM. "On Friday, when an engineer came to repair the ATM, officials learnt that the cash was missing and submitted a complaint," he said. Three teams have been formed to probe the matter. Cops are checking footage of nearby CCTV cameras between July 16 and 25 to identify the accused," the DCP said.
Arabian Business
18-07-2025
- Business
- Arabian Business
Egypt High Speed Rail to use 3,000 Hitachi ACs to cool its 21 stations
Egypt's High-Speed Rail (HSR) project has awarded a major Heating, Ventilation, and Air Conditioning (HVAC) contract to a partnership between Johnson Controls-Hitachi Air Conditioning Middle East and Africa (MEA), and Elsewedy Machinery. Hitachi will supply more than 3,000 high-efficiency indoor Variable Refrigerant Flow (VRF) units, to be deployed across 21 stations. The units will be manufactured at its facility in Barcelona, Spain. Egypt rail project: Key HVAC updates The solution delivers a total cooling capacity of more than 11,000 Refrigeration Tons (RT) and features Eurovent certification and high-ambient resilience, tailored to Egypt's climate and transport sector requirements. Egypt's HSR links major cities and ports, setting new benchmarks in sustainable transport development across the country. Spanning 660 kilometers, the HSR will connect Ain Sokhna, Alamein, Cairo, Alexandria, 6th of October City, and other key hubs across Egypt. Once operational, the system will serve 21 stations, transporting over one million passengers and 8,500 tons of cargo daily. The project is designed to dramatically reduce travel times and support faster, more efficient logistics nationwide. Ahmed Aqel, general manager, Johnson Controls–Hitachi Air Conditioning MEA, commented: 'This mega project represents a pivotal advancement in Egypt's national infrastructure agenda. It reflects the country's vision for modern, efficient, and climate-conscious transportation. 'We are proud to deliver our advanced HVAC systems to a development of this scale and significance, working alongside Elsewedy Machinery to ensure technical precision, operational excellence, and long-term impact.' Elsewedy Machinery – the trading arm of Elsewedy Electric Group – will oversee the complete scope of HVAC delivery, including supply, installation, copper piping network, startup, commissioning, and after-sales service. 'Our partnership with Elsewedy Electric brings together global HVAC innovation and local execution expertise,' Aqel added. 'By integrating high-performance European-manufactured VRF systems into Egypt's high-speed rail infrastructure, we are supporting a new benchmark in sustainable, large-scale transport solutions.' The high-speed rail project reflects Egypt's forward-thinking leadership and ambition for sustainable growth. The project stands as a defining example of infrastructure that drives national transformation.
Yahoo
18-07-2025
- Business
- Yahoo
PowerCell Sweden AB (PCELF) Q2 2025 Earnings Call Highlights: Record Revenue and Strategic ...
Revenue: SEK130 million in Q2 2025; rolling 12 months revenue above SEK400 million. Average Quarterly Revenue: SEK150 million for the first half of 2025. EBITDA: Positive EBITDA for rolling 12 months. Breakeven Level: Sustainable breakeven level around SEK400 million to SEK450 million, depending on product mix. Gross Profit Margin: Increased gross profit margin on underlying business despite currency effects. Cash Position: SEK72 million in cash at the end of Q2 2025. Operating Expenses: Lower operating expenses in the first half of 2025 compared to 2024; share of revenue down from 41% to 28% over two years. Warning! GuruFocus has detected 3 Warning Signs with PCELF. Release Date: July 17, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points PowerCell Sweden AB (PCELF) reported a record order intake of SEK130 million in Q2 2025, marking a significant milestone with a rolling 12-month revenue surpassing SEK400 million. The company achieved a positive EBITDA for the first time on a rolling 12-month basis, indicating improved financial performance. PowerCell Sweden AB (PCELF) received its first OEM order in power generation from Hitachi, showcasing strong partnerships and market demand. The company successfully extended its Bosch automotive license, leading to its first IP revenue since 2023, highlighting the value of its intellectual property. PowerCell Sweden AB (PCELF) maintained a stable gross profit margin despite currency fluctuations, demonstrating effective cost management and operational efficiency. Negative Points The market remains challenging and unpredictable, with no guarantee of consistent positive quarterly results despite recent achievements. The company's growth is still heavily reliant on pioneering technology shifts, which can be risky and uncertain. PowerCell Sweden AB (PCELF) faces increased competition in its segments, which could impact its market share and pricing power. The cash flow situation is under pressure due to working capital demands, and there is potential for fluctuations between positive and negative cash flow. The US market remains difficult to predict and is heavily subsidy-driven, posing challenges for consistent growth in that region. Q & A Highlights Q: Is the 165 million SEK order to the Italian shipyard signed in 2024 with delivery in 2025 running according to plan? A: Yes, it is running according to plan in terms of production, deployment, and delivery to the customer in Italy. - Richard Berkling, CEO Q: Is the 1.5 billion SEK order from 2022 for the Arabia project still valid? A: Yes, it remains valid, contingent on the certification of the Syabia A 600 driveline, which is currently in the certification process in Europe. - Richard Berkling, CEO Q: Can you clarify the SEK4.7 million royalty reported in Q2? A: This relates to the new contract with Bosch. Revenue recognized in Q1 was adjusted in Q2 to align with the new contract terms, which required accounting adjustments. - Anders During, CFO Q: What is the cash position after the first half of 2025? A: The cash position is SEK72 million, with an additional SEK50 million available from an unutilized credit facility. - Anders During, CFO Q: Are there plans to issue more preferred stocks? A: We have a mandate for 10% issuance, which we consider as an opportunity, but nothing is confirmed at this time. - Anders During, CFO Q: What can be expected from the Bosch deal and the Asia region? A: The Bosch deal solidifies their interest in our fuel cell technology, especially in China, which is a rapidly growing market for hydrogen and fuel cells. This collaboration is expected to drive growth and validate our technology. - Richard Berkling, CEO Q: What is the potential for aftermarket service revenue, especially in the marine sector? A: While service intervals are lower for fuel cells, we are working with partners to secure our position and revenue in the aftermarket. Details will be shared once contracts are signed. - Richard Berkling, CEO Q: Will the company remain cash positive in the future, or will cash flow fluctuate? A: Cash flow will fluctuate depending on growth and working capital needs. There will be quarters with positive cash flow and others with potential negatives, typical for a growing company. - Anders During, CFO For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
ME Construction
18-07-2025
- Business
- ME Construction
Johnson Controls–Hitachi and Elsewedy Machinery secures HVAC contract for Egypt's HSR project
Infrastructure Johnson Controls–Hitachi and Elsewedy Machinery secures HVAC contract for Egypt's HSR project By The strategic partnership will see the deployment of over 3,000 high-efficiency Hitachi brand units across 21 stations along Egypt's transformative 660km HSR corridor Johnson Controls-Hitachi Air Conditioning MEA in collaboration with Elsewedy Machinery have secured a significant HVAC contract for Egypt's High-Speed Rail (HSR) project. The signing ceremony was attended by leaders from Johnson Controls–Hitachi Air Conditioning and Elsewedy Machinery, symbolising their commitment to Egypt's infrastructure modernisation and long-term sustainability objectives, said a statement. Spanning across 660km, the HSR line will connect key cities and ports across Egypt, including Ain Sokhna, Alamein, Cairo, Alexandria, and 6th of October City. Once operational, the system will serve 21 stations, facilitating the transportation of over 1m passengers and 8,500t of cargo daily. This project is designed to significantly reduce travel times and enhance faster, more efficient logistics nationwide. As part of this strategic partnership, Hitachi will provide over 3,000 high-efficiency indoor VRF units manufactured at its facility in Barcelona, Spain. These units boast a total cooling capacity exceeding 11,000 Refrigeration Tons (RT) and are certified by Eurovent, ensuring their high-ambient resilience and suitability for Egypt's climate and transport sector requirements. 'This mega project represents a pivotal advancement in Egypt's national infrastructure agenda. It reflects the country's vision for modern, efficient, and climate-conscious transportation,' said Ahmed Aqel, General Manager, Johnson Controls–Hitachi Air Conditioning MEA. 'We are proud to deliver our advanced HVAC systems to a development of this scale and significance, working alongside Elsewedy Machinery to ensure technical precision, operational excellence, and long-term impact.' Elsewedy Machinery, the trading arm of Elsewedy Electric Group, will oversee the entire HVAC delivery process, encompassing supply, installation, copper piping network setup, start-up, commissioning, and ongoing after-sales service. 'Our partnership with Elsewedy Electric brings together global HVAC innovation and local execution expertise,' explained Ahmed Aqel, General Manager, Johnson Controls–Hitachi Air Conditioning MEA. 'By integrating high-performance European-manufactured VRF systems into Egypt's high-speed rail infrastructure, we are supporting a new benchmark in sustainable, large-scale transport solutions.' Egypt's visionary leadership and ambitious pursuit of sustainable growth are evident in this high-speed rail project. This infrastructure initiative, serving as a testament to its transformative potential, will enhance regional connectivity and streamline logistics, leaving a mark on the nation's economic and social fabric, the statement concluded.
Yahoo
17-07-2025
- Automotive
- Yahoo
Helma marks 40 years in business and 5-year Hitachi partnership
Helma SA is celebrating two significant milestones in 2025: its 40th anniversary and five years as the official dealer for Hitachi Construction Machinery (Europe) NV (HCME) in Greece. According to a company press release, since joining the HCME dealer network in 2020, Helma has played 'a vital part' in increasing the visibility of the Hitachi brand in Greece. The company has also contributed to the growth of the Hitachi Premium Rental programme in the country, most recently supplying ten ZX350-7 medium excavators on a rental contract. Describing the Greek market's response to the brand, Helma CEO Iris Tsouma said, 'I truly believe we've succeeded in making Hitachi products not just known, but genuinely loved by the Greek market.' Headquartered in central Athens with a service and after-sales department in Magoula, Attica, Helma employs 42 staff and serves a wide customer base — from large contractors to independent machine owners — primarily in road construction, quarrying, general construction, earthmoving and recycling. The company was founded in 1985 by Iris Tsouma's father, Dimitris Tsoumas, who had a background in the used equipment sector. Iris joined the company in 2019 after completing her studies, noting in the release that she "always knew" she would follow in her father's footsteps. HCME President and CEO Francesco Quaranta offered congratulations, saying, 'We appreciate Helma's commitment to quality and the dedication it has shown in providing excellent after-sales service to our customers.' Looking ahead, Helma is preparing for expansion. 'We are creating a dedicated Hitachi showroom for stock machines, renovating our existing facilities, and growing the Helma family,' Tsouma said. "Helma marks 40 years in business and 5-year Hitachi partnership" was originally created and published by Leasing Life, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
