The companies have worked together for two years on private-label production for Home Depot and the move to establish a separate company seeks to expand on that history, said Lawrence Lin, executive general manager of MLS.
GE Industrial Solutions includes the company’s electrical distribution, switchgear and critical power product lines, which are among the products that formed the original foundation of the company. The company competes in these markets against some of the electrical industry’s biggest players.
Many analysts don’t expect the lift to last, based on fundamentals. Goldman raised its price outlook but was still bearish on the direction from current levels, forecasting a surplus of 400,000 metric tons in 2017.
Most of the organizations that represent the electrical industry expect the change of leadership to be overall positive for the industry, particularly if Congress and the Trump administration follow through on promises to lower taxes and reduce the regulatory burden on businesses.
The passenger electric vehicles (EVs) market in the United States is projected to have 11.4 million EVs on the road, with cumulative sales of 12 million EVs and a value of over $400 billion by 2025, according to a report put out this week by GTM Research.
To help drive further growth in its power grids business, ABB announced a partnership with engineering firm Fluor Corp., Irving, Texas, in which the companies will work together on large-scale turnkey engineering, procurement and construction (EPC) offerings for utility substations.
Electrical distributors and reps in Louisiana tell us that people in the area are still doing initial cleanup and assessing the damage. Over the next few weeks the rebuilding should begin and distributors are making sure they have plenty of inventory in stock or on order to supply the effort.
Best known in the North American market for its Forest Lighting brand, which has been making inroads over the past couple of years in the electrical distribution market, MLS is one of the largest manufacturers of LED lighting for the consumer market in China.
NEMA said the AMA recommendations may compromise the ability of the lighting system to meet all critical design criteria for each unique application, and is not supported by the current body of research.
The move to sell to an electrical distributor of the size and reputation of Graybar made for an ideal transition, said Kyle Thoma, president and CEO of Cape Electrical Supply, in an interview with Electrical Marketing.
John Ranshaw, former president of Contech Lighting, will serve as vice president and general manager of the newly integrated Leviton Lighting Business Unit, focusing on continuing to expand Leviton’s lighting product offering, sales footprint...More