Latest news with #IndustrialEquipment
Associated Press
11-08-2025
- Business
- Associated Press
Onward Tech Strengthens Chennai Presence With Office Expansion
CHENNAI, India--(BUSINESS WIRE)--Aug 11, 2025-- Onward Technologies, a digital engineering services provider, headquartered in Mumbai, India has announced the strategic expansion of its global delivery network with an offshore design centre in Chennai, India. Digital and engineering research & development (ER&D) experts from the Chennai design centre will support Onward Tech's global clients from Industrial Equipment, Heavy Machinery, Transportation and Mobility industries. 'In response to the growing demand for offshore services form USA and Europe clients, Onward Tech will continue to invest in its global delivery model. We have 1000+ employees currently in Chennai and Pune each and with this new investment, we are looking at increasing the capacity to 2000 employees in Chennai. This centre will operate as an extended digital and ER&D team for our clients with state-of-the-art training centres, software labs, and amenities for our employees,' commented Jigar Mehta, Managing Director, Onward Tech. Operating as its clients' extended Digital and ER&D services team enables Onward Tech to respond swiftly to dynamic requirements and address them in its delivery approach. The Chennai design centre is its largest to date, and the company's India operations also include dedicated offshore delivery centers and labs in Pune, Bengaluru, and Hyderabad. Together, this network offers Onward Tech's clients offshore leverage and access to an expert talent pool across digital, embedded, and mechanical engineering services. About Onward Technologies Onward Technologies (BSE: 517536) (NSE: ONWARDTEC) is a software outsourcing company specializing in digital and ER&D services. We help global OEMs improve speed to market, accelerate innovation, and maximize returns on their R&D investments. Headquartered in Mumbai, India, we are also an employer of choice driving positive change as a responsible corporate citizen. With over 2,500 employees across 12 offices in 6 countries and offshore development centers in India, we support multiple businesses in Transportation, Mobility, Industrial Products, Heavy Machinery and Healthcare verticals. For more information, please visit View source version on CONTACT: Media Contact Archit Revandkar [email protected] Marketing, Onward Technologies KEYWORD: INDIA ASIA PACIFIC INDUSTRY KEYWORD: PROFESSIONAL SERVICES BUSINESS TECHNOLOGY HUMAN RESOURCES SOFTWARE CONSULTING SOURCE: Onward Technologies Copyright Business Wire 2025. PUB: 08/11/2025 05:00 AM/DISC: 08/11/2025 04:59 AM
Yahoo
24-07-2025
- Business
- Yahoo
Dover raises annual profit forecast on strong product demand, data center strength
(Reuters) -Industrial equipment maker Dover raised its full-year profit forecast on Thursday, citing robust product demand and sustained momentum in aerospace, defense and data center markets. The Downers Grove, Illinois-based company now expects adjusted profit for 2025 between $9.35 and $9.55 per share, from $9.20 to $9.40 per share previously. Analysts, on average, expect annual adjusted profit of $9.35 per share, according to data compiled by LSEG. "Order trends continued to post positive momentum in the quarter, bolstering our confidence in the second half outlook with a majority of our third quarter revenue already in the backlog," CEO Richard Tobin said. Dover supplies equipment and components, consumable supplies, aftermarket parts, software, and digital solutions to a variety of end-markets, including aerospace and defense. The company also manufactures cooling systems for data centers and has benefited from rising demand for artificial intelligence, which has increased need for Dover's parts and maintenance services. Profits at Dover's pumps and process unit, which makes thermal connectors for liquid cooling of data centers, rose to $159.5 million, from $137.2 million a year earlier. Earnings at its clean energy and fueling business increased to $107.8 million, up from $87.5 million last year. The segment, which operates under the Dover Fueling Solutions and OPW brands, includes a portfolio of safety and efficiency solutions for the convenience retail, fueling, and clean energy markets. Dover's adjusted income in the quarter ended June 30 rose 16% to $2.44 per share, above the analysts' average estimate of $2.39 per share. Quarterly revenue increased 5% to $2.05 billion, slightly beating estimates of $2.04 billion. Sign in to access your portfolio
Khaleej Times
30-01-2025
- Automotive
- Khaleej Times
Volvo Trucks makes history with the launch of Qatar's first-ever heavy-duty electric truck
Domasco and Volvo Trucks, the global leader in electrification of heavy vehicles, is set to revolutionise Qatar's transport landscape with the unveiling of the Volvo FH Electric, the nation's first-ever heavy-duty electric truck. Hosted at the iconic Fire Station venue—an artistic hub and event space in Doha—the launch signals a bold step forward in Qatar's sustainability and decarbonisation efforts. The Volvo FH Electric is designed to deliver exceptional performance, offering a seamless balance between power, efficiency, and sustainability. With a Gross Combination Weight (GCW) of up to 44 tonnes and a range of advanced features, it meets the demands of Qatar's growing industries while contributing to the nation's green transition. Specifications include: Range: Up to 300 km per charge. Charging Time: 2.5 hours (fast charger) or 9.5 hours (overnight charger). Power: Up to 666 horsepower with a battery capacity ranging from 180 to 540 kWh. As the first of its kind in the region, the Volvo FH Electric aligns seamlessly with Qatar's sustainability strategy, which includes the government's commitment to reducing environmental impact. Qatar has pledged to lower greenhouse gas emissions by 25 per cent by 2030 through targeted awareness campaigns and progressive policies. This launch, driven by Domasco's initiative to make the Volvo Electric Truck available in Qatar, further reinforces its alignment with the nation's vision. By supporting Qatar's government in advancing green mobility across all industries, Domasco underscores the critical role of zero-emission technology in achieving decarbonisation targets within the logistics and heavy transportation sectors, paving the way for a more sustainable future. Ramez Hamdan, managing director of Industrial Equipment, commented: "The launch of the Volvo FH Electric is a testament to our dedication to driving sustainable transformation in the region. By introducing Qatar's first heavy-duty electric truck, we are not only revolutionising the logistics and transportation sectors but also setting a new standard for innovation and environmental stewardship." This launch highlights Volvo Trucks' unwavering commitment to innovation and sustainability. With competitors yet to introduce electric models in Qatar, Volvo Trucks is paving the way for a cleaner, more efficient future in transportation.
Al Bawaba
29-01-2025
- Automotive
- Al Bawaba
Volvo Trucks Makes History with the Launch of Qatar's First-Ever Heavy-Duty Electric Truck
Domasco and Volvo Trucks, the global leader in electrification of heavy vehicles, is set to revolutionize Qatar's transport landscape with the unveiling of the Volvo FH Electric, the nation's first-ever heavy-duty electric truck. Hosted at the iconic Fire Station venue—an artistic hub and event space in Doha—the launch signals a bold step forward in Qatar's sustainability and decarbonization efforts. The Volvo FH Electric is designed to deliver exceptional performance, offering a seamless balance between power, efficiency, and sustainability. With a Gross Combination Weight (GCW) of up to 44 tonnes and a range of advanced features, it meets the demands of Qatar's growing industries while contributing to the nation's green transition. Specifications include: - Range: Up to 300 km per charge. - Charging Time: 2.5 hours (fast charger) or 9.5 hours (overnight charger). - Power: Up to 666 horsepower with a battery capacity ranging from 180 to 540 kWh. As the first of its kind in the region, the Volvo FH Electric aligns seamlessly with Qatar's sustainability strategy, which includes the government's commitment to reducing environmental impact. Qatar has pledged to lower greenhouse gas emissions by 25% by 2030 through targeted awareness campaigns and progressive policies. This launch, driven by Domasco's initiative to make the Volvo Electric Truck available in Qatar, further reinforces its alignment with the nation's vision. By supporting Qatar's government in advancing green mobility across all industries, Domasco underscores the critical role of zero-emission technology in achieving decarbonization targets within the logistics and heavy transportation sectors, paving the way for a more sustainable future. Ramez Hamdan, Managing Director of Industrial Equipment, commented: 'The launch of the Volvo FH Electric is a testament to our dedication to driving sustainable transformation in the region. By introducing Qatar's first heavy-duty electric truck, we are not only revolutionizing the logistics and transportation sectors but also setting a new standard for innovation and environmental stewardship.' This launch highlights Volvo Trucks' unwavering commitment to innovation and sustainability. With competitors yet to introduce electric models in Qatar, Volvo Trucks is paving the way for a cleaner, more efficient future in transportation.
