Friday, May 29, 2020

Manufacturing Footprint News

Photo: Mercury Marine

Mercury Debuts Next Gen Outboards

Mercury Marine introduced multiple new 4.6L V-8 outboard engine models – the 250 and 300hp Verado, 250 and 300hp FourStroke, and 200, 225, 250 and 300hp Pro XS – plus the Pro XS 175hp 3.4L V-6. This marks the largest single new-product development program Mercury has ever undertaken in its nearly 80-year-history, which has prompted a major investment in expanding its manufacturing footprint.“In Miami, we said the V-6 was step one of our 2018 introductions and we are thrilled to officially announce step two,” said John Pfeifer, Mercury Marine president.

Rolls-Royce and Finland’s Tampere University of Technology are working on the support systems necessary for autonomous navigation. The systems will be developed and tested using a purpose-built autonomous ship simulator located at the University. (Photo: Rolls-Royce)

Rolls-Royce & the Future Tech 'Reality'

Rolls-Royce. The words have been used by many to signify excellence – though not with the company’s permission, of course. Rolls-Royce Marine is taking a leading position in developing and introducing the systems and technologies needed for the running of a successful business in the maritime industry of the 21st century. At a company presentation held in London earlier this year, Mikael Mäkinen, President of Rolls-Royce Marine, outlined the company’s vision for the future and its strategies to put these new systems based on new technologies into place.

Photo: Caterpillar

Caterpillar: Q3 Results Show Improvement

Caterpillar Inc. today announced its third-quarter results, in which it reported profit per share of $1.63 for the third quarter of 2014, an increase from third-quarter 2013 profit per share of $1.45. The third quarter of 2014 included a negative impact of $0.09 per share for restructuring costs. Excluding restructuring costs, third-quarter 2014 profit per share was $1.72. Third-quarter 2014 sales and revenues were $13.549 billion, up from $13.423 billion in the third quarter of 2013.

South Boats Bought out of Administration

The business of major British work boat company South Boats Special Projects Limited has been sold out of administration – saving a significant number of jobs on the Isle of Wight. A manufacturer of service vessels for the offshore wind power industry, which is based out of Cowes on the Isle of Wight, has been bought for an undisclosed sum by Alicat Workboats Limited. Joint-administrators David Clements and Richard Toone from national accountancy firm and corporate recovery specialists Chantrey Vellacott DFK and asset valuations and sales agents SIA Group managed the sale.