AWEA REPORTS ON 2008 WIND ENERGY GROWTH
The U.S. wind energy industry shattered all previous records in 2008 by installing 8358 megawatts (MW) of new generating capacity, the American Wind Energy Association (AWEA) recently reported, even as it warned of an uncertain outlook for 2009 due to the continuing financial crisis.
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CORNING ANNOUNCES FOURTH QUARTER RESULTS, RESTRUCTURING
Corning Inc. recently announced results for the fourth quarter and full year 2008, along with planned restructuring actions. Sales for the quarter were $1.1 billion, down about 30% both sequentially and year over year. Earnings per share were $0.16. Excluding special items, earnings per share were $0.13, down about 70% both sequentially and year over year.
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COVERINGS OFFERS "SURVIVING 2009" PROGRAMMING SERIES
Coverings 2009 will present a newly developed "Surviving 2009" series of educational sessions during the show's run, April 21-24 at Chicago's McCormick Place. A menu of 11 seminars will be dedicated to teaching show attendees strategies and tactics for riding out the current economic storm.
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KYOCERA ANNOUNCES CONSOLIDATED NINE MONTH RESULTS
Kyocera Corp. recently announced its consolidated financial results for the nine months ended December 31, 2008. Sales and profits for the nine months decreased compared to the same period of the prior fiscal year due to a significant deterioration of the business environment, which brought a slowdown in demand and the yen's appreciation.
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O-I REPORTS FOURTH QUARTER, 2008 EARNINGS
Owens-Illinois, Inc. (O-I) recently reported financial results for the fourth quarter and full year ending December 31, 2008. The company reported net sales of $1.705 billion for the fourth quarter of 2008, a $252 million decline from $1.957 billion in the fourth quarter of 2007. A stronger U.S. dollar in the fourth quarter of 2008 caused a $195 million reduction in the reported amount of foreign currency sales compared with the fourth quarter of 2007.
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PANASONIC ADDS LONG-RANGE MODELS TO RF MODULE LINE
Panasonic Electronic Components Group, a business unit of Panasonic Industrial Co. (PIC), recently announced two additions to its line of ZigBee®-compatible wireless RF modules. Both the extended range PAN4561 and ultra-long range PAN4566 RF modules reportedly offer one of the best ranges for their respective classes, increasing the range of the device up to several thousand feet in optimal conditions.
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NEW VACUUM TECHNOLOGY LIT AVAILABLE FROM PFEIFFER
Pfeiffer Vacuum recently announced the release of its new catalog, "The Vacuum Technology Book." The 800-page, four-color, hardcover reference book and catalog covers the complete range of vacuum technology, including equipment for generating, controlling and measuring vacuum, as well as accessories and components.
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PPG POSTS RECORD FOURTH QUARTER
PPG Industries recently reported record fourth quarter sales of $3.2 billion, surpassing the prior year's fourth quarter results by 3%. Fourth quarter net income was $71 million, or $.43 per share. Fourth quarter 2007 sales were $3.1 billion, and net income was $200 million, or $1.21 per share.
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SWECO OPENS NEW AIR CLASSIFIER TEST FACILITY
Sweco, a business unit of M-I LLC, recently announced the opening of a new North American test facility for its Ecutec business unit. Located in Florence, Ky., the 1000-square-foot laboratory will be used to conduct milling, classification, and coating trials on fine and ultrafine particles.
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