Latest news with #HSG
Business Standard
10-07-2025
- Business
- Business Standard
HSG Laser Deepens Localization Strategy in India, Reinforces Long-Term Commitment to Local Manufacturing Ecosystem
PRNewswire Chennai (Tamil Nadu) [India], July 10: HSG Laser, a global leader in intelligent laser cutting and automation solutions, is strengthening its localization strategy in India, reaffirming its long-term commitment to support Indian manufacturing through local employment, advanced technology, and sustained investments in service and training infrastructure. Following a successful showcase at ACMEE 2025, HSG is accelerating initiatives to serve the Indian market not only with world-class products, but also with localized value creation that benefits the broader industry ecosystem. Empowering India Through Localization HSG's India strategy is centered on practical, inclusive growth: - Recruiting and training more Indian professionals, including engineers, technicians, and after-sales specialists, to enhance proximity and responsiveness; - Introducing advanced manufacturing technologies--such as intelligent bevel cutting, smart nesting algorithms, and high-power fiber systems--tailored to Indian production needs; - Rolling out a long-term investment plan to scale technical support, spare parts logistics, and application training centers across key regions. "Since entering the Indian market in 2012, we're here for the long run. India is not only a key market but a strategic partner," said the head of HSG India. "We aim to work with Indian businesses--not just as a supplier, but as a technology partner contributing to the local industry's growth and competitiveness. Our spare parts centers in Bangalore and Chennai are already operational to ensure fast service response, and we will continue expanding our local footprint. We're investing in people, capability, and collaboration to help elevate the entire value chain." A Shared Vision for Growth India's manufacturing sector thrives on diversity and progress. The presence of international technology leaders like HSG Laser--committed to local development--will not only drive productivity but also foster knowledge exchange, skill-building, and long-term growth for all stakeholders. With a shared vision for progress, HSG Laser is expected to play a constructive role in working with Indian manufacturers, institutions, and partners to help shape a smarter, more competitive future for the country's metalworking industry. Photo - Photo -
Yahoo
02-07-2025
- Business
- Yahoo
Browns Officially Get Public Money for New Stadium in Ohio Budget
The Browns are one step closer to a new stadium in the Brook Park, Ohio, suburb of Cleveland. Ohio Gov. Mike DeWine signed the state's $60 billion biannual operating budget beginning with the 2025-26 fiscal year on June 30, which includes a $600 million funding pool for a new $2.4 billion domed stadium just 12 miles southeast of downtown Cleveland. Advertisement More from The $600 million will come from a portion of the $3.7 billion the state has in unclaimed funds, forming the 'Sports and Culture Facilities Fund.' The Browns will repay the state through tax revenue generated in the development over 16 years. On June 27, the 176-acre site where the team plans to build the stadium was officially purchased by Haslam Sports Group, which owns the Browns, for $76 million, according to the Cuyahoga County Fiscal Office. The deed was originally written in March 2024 but was signed shortly after the state House and Senate approved of the stadium funding. The new digs will anchor a proposed $3.6 billion mixed-used development that will include retail, hotels, office space and apartment housing. HSG and their development partners stated that they will commit $2 billion in private capital toward the full mixed-used project. Brook Park, a town of just 19,000 people, is also slated to contribute $400 million in public funding for the project. Advertisement Jimmy Haslam, who owns HSG along with his wife Dee, said that he wants to break ground in early 2026. While the public funding is now available to the team, the shovels won't go into the ground just yet. The road toward a new stadium has been a bumpy one, especially as it relates to a city once burned before by its NFL team. Here's everything you need to know about the Browns' new stadium funding. When did the Cleveland Browns announce a new stadium? On April 1, 2024, Cleveland mayor Justin Bibb told local media that he sent a letter to Jimmy and Dee Haslam stating that the city would commit $461 million toward a $1 billion renovation of Huntington Bank Field, but only if the offer was accepted by April 12. Advertisement The Browns said they were weighing a decision between renovating the current building or building a domed stadium. The franchise felt Huntington Bank Field 'requires major infrastructure moves to improve our operational and fan experience challenges.' In May 2024, the Cleveland City Council approved an ordinance that allowed City Hall to enforce Ohio Revised Code 9.67, colloquially known as the Modell Law in response to Art Modell moving the original Browns to Baltimore in 1995. What is the Modell Law? In short, the Modell Law prohibits a pro sports team in Ohio that receives public subsidies from playing its home games anywhere else. A team owner can be exempted from the law by seeking permission from the local government to sell the team with a six-month notice, and giving the city or local businesspeople the right of first refusal to buy the team. Advertisement Last August, the Browns publicly revealed the Brook Park plans, calling it 'a modern, dynamic, world-class venue that would greatly enhance the fan experience and enable the State of Ohio and our region to compete for some of the biggest events in the world 365 days a year.' Both the team and the city have sued one another over the use of the Modell Law. In their lawsuit, the Browns argue that the law only applies to interstate commerce—moving out of state versus relocating within the county, as the Browns hope to do. The city itself claims that the Browns are in breach of contract—in this case, the lease of the current stadium. Why did the Browns move away from Cleveland? The stadium ordeal is rooted in the ugly divorce between the city and the original Browns team. In 1995, Modell publicly pushed for Cuyahoga County to renew a sin tax that would pay for the renovation of Cleveland Municipal Stadium, which he owned and operated. Yet he also had secret negotiations with state legislators in Maryland to build a new stadium for a potential relocation to Baltimore. Advertisement After the now-Cleveland Guardians moved out of Municipal Stadium for their own baseball-specific venue in 1994, Modell claimed that the Browns had lost $21 million in 1994 and '95 and believed that renewing the sin tax would not be enough to keep the Browns in Cleveland. Just days before Cuyahoga County residents were set to vote on the sin tax renewal, Modell agreed to move the Browns to Baltimore before the 1996 NFL season. The city of Cleveland sued Modell, the Browns, his Stadium Corp. and the Maryland Stadium Authority for breach of contract, believing Browns had broken their Municipal Stadium lease. However, the NFL worked out a settlement with all parties where it deactivated the Browns franchise for three years, leaving its likeness and records in Cleveland for a 1999 'expansion' team. Modell renamed his football organization the Baltimore Ravens. The NFL also gave the city a loan to be used for the construction of a new stadium: the current Huntington Bank Field, which opened for the 'new' Browns in 1999. The lease on Huntington Bank, formerly Cleveland Browns Stadium, expires after the 2028 NFL season. The Columbus-based bank will carry the naming rights to the new stadium, which is expected to open in 2029. Advertisement Best of Sign up for Sportico's Newsletter. For the latest news, follow us on Facebook, Twitter, and Instagram.
Yahoo
30-04-2025
- Health
- Yahoo
Healthcare wait times have improved, report finds
Healthcare waiting times have improved over the last year, despite increasing numbers of islanders being referred for treatment, the States of Guernsey has said. A Health and Social Care (HSC) report found the inpatient waiting list fell from 2,799 at the end of 2023 to 2,207 at the end of 2024, a drop of more than 20%. It also found more than three out of five patients were seen by the Medical Specialist Group (MSG) within the target time of eight weeks, a 1% improvement on the previous year. MSG Chair Dr Steve Evans said the group was "determined to continue to do all we can with HSC to continue to reduce waiting times". He said: "While we continue to increase the number of patients we care for, there has been no adverse impact on the standards of care. "The average length of stay for a patient is just three days (against a target of less than six days) yet our emergency readmission rate is as low as 7% (against a target of less than 10%) which means that we are not discharging patients before they are ready to go home." Dr Evans said recruiting specialists with the right experience continued to be a top priority. The HSG said other 2024 Key Performance Indicators (KPIs) showed waiting times for radiology were above target with 95% of patients getting an x-ray or scan within six weeks of referral. Gastroenterology and orthopaedics were the specialities with the longest waiting lists, the HSG added. The report also highlighted delayed transfers of care days, which measure the time that patients stay in hospital after they are considered fit for discharge, either because a nursing or care home bed is not available or because they need extra care at home, was at 338 days against a target of 100. Dr Peter Rabey, HSC Medical Director, said: "There are many positives that can be drawn from this latest KPIs report. "The Emergency Department saw record numbers of admissions but continued to perform well and the number of hospital-acquired infections remains consistently low." "We cannot control the rising demand for healthcare," he added. "We do not have infinite financial, staff, ward or theatre resources, but we have created additional capacity through our ophthalmology waiting list initiative and this has had a positive impact." Dr Rabey said more joint operations were taking place "than ever before" due to dedicated beds at De Havilland ward. Follow BBC Guernsey on X and Facebook. Send your story ideas to Charity chairman steps down after 30 years Geriatric specialist joins Guernsey health group Social prescribing giving islanders 'purpose' Health and Social Care
BBC News
30-04-2025
- Health
- BBC News
Guernsey healthcare waiting times have improved, HSC report finds
Healthcare waiting times have improved over the last year, despite increasing numbers of islanders being referred for treatment, the States of Guernsey has said. A Health and Social Care (HSC) report found the inpatient waiting list fell from 2,799 at the end of 2023 to 2,207 at the end of 2024, a drop of more than 20%.It also found more than three out of five patients were seen by the Medical Specialist Group (MSG) within the target time of eight weeks, a 1% improvement on the previous year. MSG Chair Dr Steve Evans said the group was "determined to continue to do all we can with HSC to continue to reduce waiting times". 'No adverse impact' He said: "While we continue to increase the number of patients we care for, there has been no adverse impact on the standards of care. "The average length of stay for a patient is just three days (against a target of less than six days) yet our emergency readmission rate is as low as 7% (against a target of less than 10%) which means that we are not discharging patients before they are ready to go home."Dr Evans said recruiting specialists with the right experience continued to be a top HSG said other 2024 Key Performance Indicators (KPIs) showed waiting times for radiology were above target with 95% of patients getting an x-ray or scan within six weeks of and orthopaedics were the specialities with the longest waiting lists, the HSG added. 'Many positives' The report also highlighted delayed transfers of care days, which measure the time that patients stay in hospital after they are considered fit for discharge, either because a nursing or care home bed is not available or because they need extra care at home, was at 338 days against a target of Peter Rabey, HSC Medical Director, said: "There are many positives that can be drawn from this latest KPIs report."The Emergency Department saw record numbers of admissions but continued to perform well and the number of hospital-acquired infections remains consistently low.""We cannot control the rising demand for healthcare," he added."We do not have infinite financial, staff, ward or theatre resources, but we have created additional capacity through our ophthalmology waiting list initiative and this has had a positive impact."Dr Rabey said more joint operations were taking place "than ever before" due to dedicated beds at De Havilland ward.
Yahoo
28-04-2025
- Business
- Yahoo
Report questions Browns stadium funding plan: I-Team
***Watch previous coverage above*** CLEVELAND (WJW) – A report prepared by the Ohio Legislative Service Commission, at the request of a state senator, states some of the Haslam Sports Group's economic projections for a new enclosed stadium 'may be overly optimistic.' The LSC report was released Monday by Senate Democratic Leader Nickie Antonio (D-Lakewood.) LSC is a nonpartisan agency that provides the legislature with research and fiscal analysis. 'The proposed funding plan for the new Browns stadium raises serious legal and financial concerns,' Antonio stated in a press release. 'The Haslams' projections are overly optimistic at best, and even their own consultants admit the analysis isn't intended to justify financing. Let's be clear: most of the so-called 'new jobs' are simply moving jobs away from Cleveland –- stadiums like this do not deliver the economic windfalls they promise. We should not move forward until we know the courts, the numbers and the public are on board.' Cleveland fan ejected for heckling Red Sox star Jarren Duran, who revealed suicide attempt Earlier this month, the House approved a proposed budget that would provide $600 million in bonds to the Haslam Sports Group. Profits from the project would be used to pay back the bond debt, HSG officials have stated. State Senators are now working on the budget. 'The bonds as described in House-passed version of H.B. 96 would be general obligation bonds (i.e., bonds back by the full faith and credit of the State). Rather, they are special obligation, or 'revenue obligation' bonds,' the report from LSC states. 'Whether this means they are constitutional is an open question, and ultimately only a judge could make that determination. ' The report further noted that staff was not able to verify HSG's 'economic claims because the source material and methodology were not documented in full detail.' 'Nevertheless, the HSG projections implied an outcome that would outperform other similar developments previously studied in peer-reviewed academic literature,' the report added. The I-Team reached out to the Browns to discuss the report but have not yet heard back. The report also questions the economic projections from HSG and the amount of new visitors that would go to the Brook Park location. HSG estimates 1.5 million new visitors. LSC calls that number 'overly optimistic.' The report added that the new stadium would result in a $10 to $11 million annual loss in tax revenue to the city of Cleveland. Cuyahoga County Executive Chris Ronayne spoke to the I-Team on Friday and said he believes the enclosed stadium project will not be successful. He said he will not support it, even though it is planned to be built in Cuyahoga County. International visas reinstated for 7 KSU graduates He believes the Browns should continue to play games in downtown Cleveland. He said moving the team to Brook Park will hurt downtown businesses. 'We don't see necessarily this deal is going to pan out,' Ronayne said. 'So if you claim it is the next big investment, we don't buy it. We want them to come home.' Browns owner Jimmy Haslam spoke exclusively to the I-Team. He and a top executive revealed they are no longer talking about plans to renovate the existing stadium on the lakefront. Instead, team officials are focusing completely on building a dome in Brook Park with development around it. The Browns are promising to invest more than $1 billion and are asking the state and county for $600 million each in bond money to be paid back with profits from the project. State officials are still discussing the funding proposal and are expected to have a decision by the end of June. HSG filed a federal lawsuit in October challenging the city of Cleveland's attempt to use the Modell Law to keep the team from moving. The city also filed a lawsuit against HSG in Cuyahoga County Common Pleas Court asking a judge to enforce the Modell Law. Both cases are still pending. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
