NYK Group Aims to Stay Ahead 2022 with Digitalization and Green
NYK president Tadaaki Naito in his New Year’s speech required the employees to execute the medium-term management plan “Staying Ahead 2022 with Digitalization and Green” announced in March of last year.He chartered out the three basic strategies in the medium-term management plan.Under the first step of “Optimizing the business portfolio,” the fundamental revision of the dry bulk business and success of the integrated container shipping line ONE have been set forth as the two key elements.In the dry bulk business, through the hard work of everyone involved and a favorable shift in the market situation, the business is showing steady improvement.
CDI Electronics Acquires Balmar Marine
CDI Electronics has announced the acquisition of Ballard Commercial Industries located in Arlington, Washington. The transaction was completed on June 6. Financial terms were not disclosed. CDI Electronics was founded in 1983 and is a company in aftermarket outboard ignition systems and diagnostic software. Balmar was founded in 1982 and is known worldwide for its high-output alternators and premium DC charging systems for gasoline and diesel inboards. Tim Bock, Chairman of CDI Electronics described the combination of CDI Electronics and Balmar as “a perfect fit for both companies…
A broader-based payback from R&D
Consolidation in the diesel engine building sector is partly a reflection of the substantial capital expenditure required to maintain product development and technological advance in a business characterized by comparatively low unit margins. By spinning-off new technical solutions arising from the engine design program into upgrading and conversion packages for existing populations of machinery, the manufacturer and licensor can gain more from R&D endeavors. Complementing new engine sales, product releases aimed at plant already in operation represents another stream of payback on heavy investment in technology. The companion effect of the strategy…
