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Rockwell Automation to acquire Medium Voltage Drives Business of Harbin Jiuzhou Electric

MILWAUKEE--(BUSINESS WIRE)--Aug. 7, 2012-- Rockwell Automation, Inc. (NYSE: ROK) today announced it has agreed to purchase the assets of the medium voltage drives business of Harbin Jiuzhou Electric Co., Ltd. The purchase price is RMB 530 million (approximately $83 million U.S. dollars). Closing is expected in October.

The acquisition strengthens Rockwell Automation's presence in the Asia-Pacific motor control market by adding significant capabilities in design, engineering and manufacturing of medium voltage drive products. It also provides access to grid-tie inverter technology. Jiuzhou has successfully served as Rockwell Automation's contract manufacturer for seven years, in addition to its own well-established customer base.

"Jiuzhou's medium voltage drives business accelerates our emerging markets strategy," said Mike Laszkiewicz, vice president, general manager, Rockwell Automation power control business. "It will enhance our position in the critical Asia-Pacific region by strengthening capabilities in the mid- and higher-power rated product lines."

"This acquisition demonstrates an evolution and commitment to growing the long-term customer relationships we established as a contract manufacturer for Rockwell Automation," said Dr. Li Yin, Jiuzhou chairman of the board. "Our customers will benefit from Rockwell Automation's advanced manufacturing, research and development capabilities, and global distribution. Our employees will now join a successful, global leader in technology that offers a competitive and comprehensive product and service portfolio in the automation industry. We're pleased to culminate our successful business relationship with Rockwell Automation."

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Fluor Chosen as EPC Contractor for Dominion's Brunswick County Power Station

IRVING, Texas--(BUSINESS WIRE)--Aug. 2, 2012-- Fluor Corporation (NYSE: FLR) announced today that it was awarded an engineering, procurement, construction and commissioning (EPCC) contract by Dominion Virginia Power (NYSE: D) to build its new Brunswick County Power Station, a combined-cycle, natural gas-fired power station in Brunswick County, Va. The project investment will exceed $1 billion. Based on the limited notice-to-proceed, Fluor will book a portion of its scope into backlog in the third quarter with the remainder to be booked in 2013 once Dominion receives final permits and approvals.

"Fluor is excited that we've earned the opportunity to build upon our track record with Dominion Virginia Power to provide clean, reliable, low-cost energy to its Virginia customers," said Dave Dunning, president of Fluor's Power Group. "Fluor recently completed Dominion's Bear Garden Station in Buckingham County, Virginia, also fueled by clean-burning natural gas, and we look forward to delivering the Brunswick County Power Station in the same successful manner."

As a leader in the gas-fired EPC arena, Fluor has designed, procured, constructed and commissioned more than 34,000 megawatts of gas-fired power facilities over the past 10 years.

The new, approximately 1,300-megawatt Brunswick County Power Station is expected to be completed by May of 2016 and will produce enough electricity to power more than 325,000 homes. Fluor will design the plant at its engineering office in Charlotte, N.C. It is expected that about 700 craft workers will be onsite during the peak construction period. The Brunswick County Power Station will be located on a 205-acre site on U.S. Route 58 east of Lawrenceville, Va.

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Mitsubishi Electric Launches New Automation Company in Brazil

Tokyo, August 1, 2012 - Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has established a new company in Sao Paulo, Brazil to strengthen its computerized numerical controller (CNC) business in the Brazilian market. The new company, MELCO CNC do Brasil Comèrcio e Serviços S.A., will target annual sales of USD 25 million by March 2016.

In July, 2012, in order to quickly position itself to meet rapidly growing demand in the Brazilian market, Mitsubishi Electric signed a business transfer agreement to purchase the CNC sales and service division of Automotion Industria, Comèrcio Importacao e Exportacao Ltda., a local sales and service agency with high technical capabilities that has provided Mitsubishi Electric CNCs and factory automation products and components to Brazilian machine tool manufacturers for the past 20 years.

The newly established company will expand local sales and service capabilities by increasing personnel, including Japanese staff from Mitsubishi Electric, further enhancing Mitsubishi Electric's ability to provide local servicing for the rapidly increasing number of machine tools imported from countries such as Japan and Taiwan. MELCO CNC do Brasil Comèrcio e Serviços also intends to establish regional offices in southern and northeastern Brazil, regions that are expected to enjoy high economic growth following Sao Paulo State.

Building on this existing business base, Mitsubishi Electric will position the new company within its global service network as an important hub in South America, strengthening its business structure in the region.

Mitsubishi Electric Launches New Automation Company in Brazil

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Lauren-Jyoti Awards $1.9 Million Process Order to Rockwell Automation for Power Plant in India

MILWAUKEE--(BUSINESS WIRE)--Aug. 1, 2012-- Lauren-Jyoti, a joint venture between Lauren Engineers & Constructors, a U.S. engineering, procurement and construction company, and Jyoti Power Structures, an Indian counterpart, has awarded a $1.9M order to Rockwell Automation (NYSE: ROK) and its Global Solutions team. Rockwell Automation will provide a PlantPAx-based power plant distributed control system (DCS) solution with solar field local controller panels for Godawari Green Energy in Rajasthan, India and deliver a solution that creates an opportunity to set industry standards in solar power.

Lauren-Jyoti received the contract to construct a 50-megawatt concentrated green field solar power plant for Godawari Green Energy in Rajasthan, India. The plant will be one of the first utility-scale solar thermal power plants commissioned in India, resulting in part by The Jawaharlal Nehru National Solar Mission, an initiative by the Indian government to incentivize companies to increase solar power in India to 20,000 megawatts by 2020.

“This collaboration between Lauren-Jyoti and Rockwell Automation will help build one of the first utility-scale solar thermal power plants in India,” said Siddharth Agrawal, director, Godawari Green Energy. “This solution, support and collaboration will enable us to integrate widespread solar field control with main plant control to achieve better uptime and reliability.”

“Rockwell Automation won the order for its ability to deliver a complete scalable automation solution that includes DCS process control, mirror controllers and motor controls,” said Robert Heard, instrumentation and controls manager, Lauren Engineers and Contractors. “They also provide local support and global collaboration with our U.S.-based engineering company and its India-based teams.”

“Renewable energy is presently a strategic focus in India for achieving long-term energy and ecological security, and solar power has been a major emerging segment. This win is significant because it provides us the opportunity to set industry standards for concentrated solar power plants,” said Terry Gebert, vice president and general manager, Rockwell Automation Global Solutions. “The industry is poised for tremendous potential growth, due to the commitment of different countries to expand current alternative energy capacity. We’re now positioned to be part of this global growth initiative.”

'Lauren-Jyoti Awards $1.9 Million Process Order to Rockwell Automation for Power Plant in India'

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Need for Energy Efficiency Will Continue to Spur Low Power AC Drives Market Growth

Capital investments for low power AC drives are expected to grow as they save energy and raise productivity by offering more precise speed control and providing a quick ROI. “Low power AC drives are a key product for improving energy efficiency as well as sustainability in the manufacturing, infrastructure, and building automation sectors. This will create significant growth opportunities for the low power AC drives market and its suppliers over the next five year forecast period. These factors make the use of low power AC drives easier to justify even during uncertain economic periods,” according to Senior Analyst Himanshu Shah, the principal author of ARC’s “Low Power AC Drives Worldwide Outlook”.

For details click 'Need for Energy Efficiency Will Continue to Spur Low Power AC Drives Market Growth'

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