Latest news with #servicecenter
Yahoo
5 days ago
- Automotive
- Yahoo
Rivian Automotive (RIVN) Expands Canadian Operations With New Quebec Service Centre
Rivian Automotive experienced a 6.81% price increase last quarter as it commenced the construction of a new service center in Quebec in collaboration with Montoni Group, targeting a key milestone in its Canadian expansion. The facility aims to support the future launch of its R2 model, integrate low-carbon materials, and promote community growth through job creation. Amidst a buoyant market where major indices such as the S&P 500 and Nasdaq reached record highs, Rivian's actions highlighted its efforts to enhance its service network and operational capabilities, aligning with broader market positivity. Be aware that Rivian Automotive is showing 2 risks in our investment analysis. The end of cancer? These 25 emerging AI stocks are developing tech that will allow early identification of life changing diseases like cancer and Alzheimer's. The recent news of Rivian Automotive's expansion in Quebec could significantly impact the company's overarching narrative by enhancing its service network and operational capabilities. As Rivian gears up for the R2 model's introduction, improvements in logistics and infrastructure are expected to bolster revenue forecasts by potentially increasing sales volumes in the region. The precise use of low-carbon materials and efforts to create jobs could also improve Rivian's brand reputation, which along with strategic alliances, might support revenue growth and, eventually, better margins. Over the past year, Rivian's total shareholder return including share price and dividends was a decline of 27.92%. This performance seems to lag behind both the US market, which gained 12.4%, and the US Auto industry, which grew by 22.4% over the same period. This comparison emphasizes challenges Rivian faces in meeting market expectations and highlights the pressure to enhance operational results and market standing. The recently announced initiatives in Quebec and future developments such as the R2 launch might contribute positively to Rivian's revenue and earnings outlook. Analysts forecast a robust revenue growth rate, even as they anticipate continued short-term unprofitability. With the current share price at US$12.39 and a consensus price target of approximately US$14.83, the market projects a potential 20% increase, reflecting cautious optimism regarding Rivian's future profitability potential and the successful execution of its strategic goals. Investors should weigh these prospects against inherent industry risks and the ongoing challenges outlined earlier. Understand Rivian Automotive's track record by examining our performance history report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include RIVN. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
10-07-2025
- Automotive
- Zawya
Mohamed Yousuf Naghi Motors – Hyundai opens new Car Gate Service Center
Jeddah – Mohamed Yousuf Naghi Motors, the authorized distributor of Hyundai in the Western Region of Saudi Arabia, has officially opened a new car gate service center at Madinah Road in Jeddah. This opening marks a key milestone in the company's expansion strategy to enhance customer experience and strengthen its after-sales services. This new center is a strategic addition to Hyundai's growing service network and highlights the company's commitment to providing high-quality, accessible, and advanced maintenance services in modern and convenient locations. Senior executives from Mohamed Yousuf Naghi Motors attended the opening ceremony, along with a select group of media representatives and influencers. A media tour was conducted through the new facility, experiencing firsthand the advanced infrastructure, cutting-edge equipment, and streamlined service processes designed to deliver a premium and efficient maintenance experience. The Car Gate service center offers comprehensive services, including routine maintenance, full diagnostics, vehicle repairs, and customer care. All services are carried out using the latest technologies and tools by highly trained, certified technicians, ensuring top-quality service and customer satisfaction at every visit. Commenting on the occasion, Mr. Tamer Al-Hakim, Managing Director of Mohamed Yousuf Naghi Motors – Hyundai, stated: "The launch of the Car Gate Service Center reflects our continuous efforts to expand our footprint in the Saudi market and to make advanced maintenance solutions more accessible to our customers. We remain committed to growing our service network in ways that meet evolving customer expectations and build long-term trust." This new facility represents another step in Hyundai's vision to offer innovative and sustainable services that enhance the overall vehicle ownership and maintenance experience in the Kingdom. We invite all our valued customers and automotive enthusiasts to visit the new Car Gate Service Center on Madinah Road in Jeddah and experience elevated service and facilities. We look forward to welcoming you. For more information, you can contact: Andulkarim Ezmerli – PR Arabia
Yahoo
01-07-2025
- Business
- Yahoo
Cook Compression Opens New Service Center in Corpus Christi, Texas
DOWNERS GROVE, Ill., July 1, 2025 /PRNewswire/ -- Cook Compression, part of Dover Precision Components and Dover (NYSE: DOV), today announced the opening of a new service center in Corpus Christi, Texas. The facility includes capabilities for the repair, refurbishment and replacement of packing cases, valves, ring and rider bands, pistons and piston rods, cylinders and other related parts. Cook Compression service centers offer comprehensive cylinder-end repair, reconditioning and replacement as well as upgrade services for all major reciprocating compressors. The new Corpus Christi facility leverages Cook Compression's global engineering and technical resources to help maximize equipment availability, lengthen product lifespans and enhance performance. "The Corpus Christi center reinforces our mission to provide localized, expert support that helps our customers maintain peak compressor performance and reliability," said Jerry Shotts, General Manager of US Service Operations at Dover Precision Components. "By expanding our footprint, we're making it easier for operators to access the high-quality service and engineering excellence that defines Cook Compression." Strategically located to serve the Eagle Ford Shale region, the Corpus Christi service center is part of Cook Compression's growing global network of facilities dedicated to compressor performance improvements and lifecycle support. It joins an extensive system of service centers across the United States and an Authorized Service Partner network in Europe and the Middle East. Staffed with highly experienced sales and technical specialists, Cook Compression is a single source for compressor parts, upgrades, service and support. Each of its facilities is state-of-the-art, both in terms of the machinery used and the procedures Cook Compression has refined over more than a century of service to the gas compression industry. About Cook Compression: Cook Compression provides engineered solutions to increase reciprocating compressor reliability and performance, offering components, repairs, field mechanical services and turnkey project management. High-quality compressor valves, packing cases, packing rings, piston rings, rider bands, oil wipers, pistons, piston rods, cylinders and liners are backed by the services and systems to install, control, monitor, maintain and repair them. Cook Compression is a major global presence, with manufacturing centers, repair facilities and technical sales representatives around the world. Cook Compression is part of Dover Precision Components, an integrated provider of performance-critical solutions for rotating and reciprocating machinery. Additional information is available at About Dover Precision Components: Dover Precision Components delivers performance-critical solutions for rotating and reciprocating machinery across the oil & gas, power generation, marine, industrial, chemical, and general processing markets. Comprising the Waukesha Bearings, Bearings Plus, Inpro/Seal, and Cook Compression brands, our portfolio includes hydrodynamic bearings, active magnetic bearings, system and bearing protection, reciprocating compressor valves, sealing technologies, pistons, rods, and more. Each solution is custom-engineered to provide optimum efficiency, reliability, and productivity, and is backed by comprehensive aftermarket services. Dover Precision Components serves its global customer base through facilities in North America, Europe, Asia, and the Middle East, as well as technical sales representatives around the world. Additional information is available at About Dover: Dover is a diversified global manufacturer and solutions provider with annual revenue of over $7 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 70 years, our team of approximately 24,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV." Additional information is available at Dover Precision Components Contact: Robin Vodenlic(281) 939-2450rvodenlic@ Dover Media Contact:Adrian Sakowicz, VP, Communications(630) 743-5039asakowicz@ Dover Investor Contact:Jack Dickens, VP, Investor Relations(630) 743-2566jdickens@ View original content to download multimedia: SOURCE Dover Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19-06-2025
- Business
- Yahoo
FedEx Freight opens new service center in Indianapolis area
This story was originally published on Trucking Dive. To receive daily news and insights, subscribe to our free daily Trucking Dive newsletter. FedEx Freight is expanding its presence in the Indianapolis market with the recent opening of a new service center, per an email to Trucking Dive. The facility in Greenwood, Indiana, enables the company to accommodate anticipated less-than-truckload growth in South Indianapolis. The 43-acre site at 2955 Allen Road along Interstate 65 looks to serve the Louisville, Kentucky, and Muncie, Indiana, markets as well, FedEx Freight says. 'We are constantly working to optimize our facility footprint in alignment with the goal of investing in strategic markets,' the company said in an emailed statement this month. FedEx Freight's door count will grow from 252 to 377 with the opening of the 125-door terminal. At nearly 90,000 square feet, the service center includes an office, dock, break room pod and on-site fueling services. There's also a 10,800-square-foot shop maintenance facility with six service bays and a truck wash bay, according to site contractor Meridian Design Build. While the company did not provide an exact number of employees who will work at the facility, FedEx Freight will hire for various roles, such as drivers, freight handlers, operations leadership, fleet maintenance technicians and other support roles. FedEx Freight is in the process of becoming its own publicly traded company, following the completion of its spinoff from FedEx this year or next. Last month, FedEx Freight named John A. Smith — currently COO for FedEx's U.S. and Canada ground operations — as its next top executive. It's a homecoming for the leader as he previously served as CEO and president for the carrier between 2018 and 2021. Recommended Reading FedEx names CEO for Freight post-spinoff Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
05-06-2025
- Business
- Zawya
Ebara Elliott Energy starts work on new Abu Dhabi facility
UAE - Ebara Elliott Energy (EEE) has started construction on a new, state-of-the-art service center in Abu Dhabi, located in Kezad with operations to launch in Q3 2026. The facility is a key part of EEE's strategy to expand its regional presence and deliver faster, more localized support to customers across the Middle East. A solution provider in the energy industry, EEE designs, manufactures, and services technically advanced centrifugal and axial compressors, steam turbines, power recovery expanders, custom pumps, and cryogenic products used in the petrochemical and refining sector. With a global network of service centers, EEE is known for providing rapid response, clear communication, and precise execution across every service engagement. This investment reinforces the company's position as a trusted partner to energy operators in the region. "This facility represents more than just a new location—it's a major step toward bringing world-class service directly to our customers in the Middle East and surrounding region," said Nobu Miyaki, Chief Executive Officer, Ebara Elliott Energy. "By investing here, we're reinforcing our long-term commitment to the region and ensuring we're ready to support our clients when and where they need us most," he stated. The new service center will feature two fully air-conditioned production bays, cranes, and cutting-edge technologies including laser welding, the region's first spin pit for impeller repair, and the largest cylindrical grinding machine in the Middle East. The site covers a 14,391 sqm plot with a 6,658 sqm built-up area, said Miyaki. Once operational, the facility will offer full-service repairs for compressors, steam turbines, expanders, cryogenic pumps, and API pumps - delivering high-quality, efficient support tailored to regional needs, it added.- Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
