Latest news with #futuregrowth
Yahoo
07-08-2025
- Business
- Yahoo
The Toro Company Announces Sale of Trencor Brand and Auger Boring Category Under the American Augers Brand
Strategic actions aimed at supporting future growth in core segments, driving operational efficiencies, and building a leadership position in the underground construction industry BLOOMINGTON, Minn., August 07, 2025--(BUSINESS WIRE)--The Toro Company (NYSE: TTC), a leading global provider of solutions for the outdoor environment, today announced the sale of its Trencor equipment brand and the auger boring product category, a subset of the American Augers brand. Terms of the transactions were not disclosed. With the divesture of the auger boring product category, The Toro Company will continue to manufacture American Augers' line of underground equipment including large horizontal directional drills, pumps and fluid cleaning systems at its West Salem, Ohio, location. The divesture of Trencor includes assets specific to the full line of large-track trenchers and mining equipment. "Today's announcement within our construction portfolio places additional focus on the core underground categories that will provide the greatest growth opportunity and best position our business for future success," said Peter Moeller, group vice president, Construction Businesses at The Toro Company. "Supported by demand in the pipeline, water and energy transmission sectors, we are excited about the near and long-term prospects for our underground construction business and our ability to deliver cutting-edge solutions to meet the needs of our customers." These transactions represent The Toro Company's commitment to disciplined portfolio management and prudent capital allocation strategies. It also represents an opportunity for The Toro Company to remain competitive in its core underground construction markets with a focus on efficiency improvements and synergy gains. Revenue for each business component have historically been included in the company's professional segment results. Trencor and American Augers became part of The Toro Company through the acquisition of Charles Machine Works in 2019, which includes Ditch Witch and other leading underground construction brands. About The Toro CompanyThe Toro Company (NYSE: TTC) is a leading worldwide provider of innovative solutions for the outdoor environment including turf and landscape maintenance, snow and ice management, underground utility construction, rental and specialty construction, and irrigation and outdoor lighting solutions. With net sales of $4.6 billion in fiscal 2024, The Toro Company's global presence extends to more than 125 countries through a portfolio of brands that includes Toro, Ditch Witch, Exmark, Spartan, BOSS, Ventrac, American Augers, Subsite, HammerHead, Radius, Perrot, Hayter, Unique Lighting Systems, Irritrol, and Lawn-Boy. Through constant innovation and caring relationships built on trust and integrity, The Toro Company and its brands have built a legacy of excellence by helping customers work on golf courses, sports fields, construction sites, public green spaces, commercial and residential properties and agricultural operations. For more information, visit View source version on Contacts Investor Relations Jeremy SteffanDirector, Investor Relations(952) 887-7962, Media Relations Branden HappelSenior Manager, Public Relations(952) 887-8930, 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
Bloomberg
01-08-2025
- Business
- Bloomberg
Asia Factory Outlook at Lowest Since Pandemic on Trump Tariffs
Manufacturers across Southeast Asia turned the least optimistic about future growth since the depths of the pandemic amid Trump's long tariff rollout, even as activity improved last month. Confidence in future output across the region fell to the lowest since July 2020, according to S&P Global purchasing managers' index data published Friday.
Zawya
30-06-2025
- Business
- Zawya
World Economic Forum and Dubai Future Foundation launch ‘Top 10 Emerging Technologies of 2025' report
His Excellency Mohammad Al Gergawi: The rapid acceleration of technology offers the world promising opportunities to advance key sectors and enhance the ability of governments to respond to major transformations. Readiness for future technologies has become a key benchmark for the success of governments, businesses, and individuals in shaping the future. Dubai – His Excellency Mohammad Abdullah Al Gergawi, Vice Chairman of the Board of Trustees and Managing Director of Dubai Future Foundation, has said the rapid pace of technological change is unlocking major opportunities to grow future-focused economic sectors and help governments turn global shifts into meaningful societal value. He added: 'Readiness for future technologies – and the capacity to apply their diverse use cases – has become a key benchmark for governments and the private sector in designing and building the future. We will continue to support active global partnerships and advancing research to anticipate emerging trends and technological opportunities.' His remarks came on the occasion of the launch of the Top 10 Emerging Technologies of 2025 report by the World Economic Forum, in collaboration with Dubai Future Foundation. Al Gergawi noted: 'The Top 10 Emerging Technologies report aims to equip governments, businesses, and entrepreneurs with foresight on the most impactful scientific and technological breakthroughs expected to scale in the coming years.' The report highlights several areas of priority for the years ahead – including advancing health and sustainability, deepening technological integration, continuing innovation, developing effective solutions, and ensuring societal infrastructure is equipped to scale these technologies and achieve their full impact. Technologies featured in the report were selected based on their novelty, potential for significant societal impact, and ability to scale – with a focus on enabling faster adaptation to global change. This year marks the first time the report has included a foresight angle which has been developed in collaboration with the Dubai Future Foundation, originally launched by the World Economic Forum in 2011 in collaboration with Frontiers – a leading open-access publisher in science, technology, and medicine. More than 300 experts from the Global Future Council network participated in developing the report's content. Meanwhile, Dubai Future Foundation's participation marks the first time an entity from the region contributed to the report. The foresight research perspective provided by the Dubai Future Foundation focused on exploring the long-term impact of the selected technologies, projecting the potential shifts that may result from their full-scale implementation, and helping stakeholders better understand how to apply these innovations to real-world challenges. The technologies featured in the Top 10 Emerging Technologies of 2025 report include: green nitrogen fixation, GLP-1 receptor agonists for neurodegenerative diseases, osmotic power systems, collaborative sensing, nanozymes, autonomous biochemical sensing, advanced nuclear technologies, generative watermarking, engineered living therapeutics, and structural battery composites. The report highlights the significance of green nitrogen fixation, which leverages renewable electricity and novel bio- or electrochemical processes to produce ammonia. GLP-1 receptor agonists (GLP-1RAs), a class of drugs originally developed for treating type 2 diabetes and obesity, are now being investigated for their potential to slow the progression of neurodegenerative diseases such as Alzheimer's and Parkinson's. Osmotic power systems generate clean, renewable electricity by harnessing the energy differential that arises when saltwater and freshwater interact. Collaborative sensing refers to dynamic networks of interconnected sensors embedded across vehicles, infrastructure, and urban systems. Nanozymes – synthetic nanomaterials engineered to mimic enzyme activity – offer greater durability, lower production costs, and enhanced stability compared to natural enzymes. The report also features autonomous biochemical sensing – next-generation analytical devices capable of continuously monitoring health or environmental conditions without human intervention. Advanced nuclear technologies, such as Small Modular Reactors (SMRs) and gas-cooled reactor designs, represent a new generation of compact, safer, and more affordable nuclear energy solutions. Addressing the challenge of content authenticity, the report also explores generative watermarking – tools that embed invisible, traceable markers into AI-generated content. Engineered living therapeutics represent a breakthrough in biomedicine, using genetically modified microbes to produce therapeutic compounds inside the human body. Finally, structural battery composites integrate energy storage directly into the structural elements of vehicles and aircraft, enabling components to serve both as batteries and load-bearing parts. The full report is available online at:
