Latest news with #welding
Yahoo
a day ago
- Business
- Yahoo
CPI Aerostructures Receives Follow-on Orders Totaling $2.4 Million for Welded Assemblies
EDGEWOOD, N.Y., July 30, 2025 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. ('CPI Aero®' or the 'Company') (NYSE American: CVU) today announced that it has received follow-on orders from multiple existing customers totaling $2.4 million to weld complex structural assemblies used on a U.S. military helicopter. Deliveries are expected to occur through mid-2026. 'CPI Aero's world-class fusion welding capability is highly regarded throughout the industry. NADCAP certified to numerous OEM welding specifications, CPI is proud of its long history providing critical components and assemblies in support of fixed and rotary wing aircraft for the U.S. Defense and Allied Forces. These follow-on orders demonstrate our commitment to excellence, as we deliver complex fusion welded assemblies in support of our ultimate customer, the warfighter,' stated Dorith Hakim, President and CEO of CPI Aero. About CPI Aero CPI Aero is a U.S. manufacturer of structural assemblies for fixed wing aircraft, helicopters and airborne Intelligence Surveillance and Reconnaissance pod systems in both the commercial aerospace and national security markets. Within the global aerostructure supply chain, CPI Aero is either a Tier 1 supplier to aircraft OEMs or a Tier 2 subcontractor to major Tier 1 manufacturers. CPI also is a prime contractor to the U.S. Department of Defense, primarily the Air Force. In conjunction with its assembly operations, CPI Aero provides engineering, program management, supply chain management, and MRO press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included in this press release are forward-looking statements. The Company does not guarantee that it will actually achieve the plans, intentions or expectations disclosed in its forward-looking statements and you should not place undue reliance on the Company's forward-looking statements. Forward-looking statements involve risks and uncertainties, and actual results could vary materially from these forward-looking statements. There are a number of important factors that could cause the Company's actual results to differ materially from those indicated or implied by its forward-looking statements, including those important factors set forth under the caption 'Risk Factors' in the Company's Annual Report on Form 10-K for the period ended December 31, 2024 and subsequent reports filed with the Securities and Exchange Commission. Although the Company may elect to do so at some point in the future, the Company does not assume any obligation to update any forward-looking statements and it disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. CPI Aero® is a registered trademark of CPI Aerostructures, Inc. For more information, visit and follow us on Twitter @CPIAERO. Contacts: Investor Relations Counsel CPI Aerostructures, Inc. Alliance Advisors IR Pamela Levesque Jody Burfening Chief Financial Officer (212) 838-3777 (631) 586-5200 cpiaero@ plevesque@ Sign in to access your portfolio
Yahoo
6 days ago
- Business
- Yahoo
Vallourec Completes the Disposal of Serimax
VALLOUREC COMPLETES THE DISPOSAL OF SERIMAX Meudon (France), July 25th, 2025 – Vallourec, a world leader in premium seamless tubular solutions, announces today that it has finalized on July 24th the disposal process of Serimax, Vallourec's subsidiary specializing in manual and mechanized orbital welding solutions, for an enterprise value of €79 million.a This transaction is part of Vallourec's initiatives to rationalize its invested capital and focus the Group on its core business as a premium seamless tubular solutions provider. As part of the New Vallourec plan, Serimax has undergone a rapid transformation and is now operating profitably as a standalone company. Serimax generated approximately €105 million of revenues in 2024. As a new shareholder, Aldebaran, a French investment company, will enable Serimax - a global leading provider of manual and mechanized orbital welding solutions - to continue its ambitious development. About Vallourec About Vallourec Vallourec is a world leader in premium tubular solutions for the energy markets and for demanding industrial applications such as oil & gas wells in harsh environments, new generation power plants, challenging architectural projects, and high-performance mechanical equipment. Vallourec's pioneering spirit and cutting- edge R&D open new technological frontiers. With close to 13,000 dedicated and passionate employees in more than 20 countries, Vallourec works hand-in-hand with its customers to offer more than just tubes: Vallourec delivers innovative, safe, competitive and smart tubular solutions, to make every project possible. Listed on Euronext in Paris (ISIN code: FR0013506730, Ticker VK), Vallourec is part of the CAC Mid 60, SBF 120 and Next 150 indices and is eligible for Deferred Settlement Service. In the United States, Vallourec has established a sponsored Level 1 American Depositary Receipt (ADR) program (ISIN code: US92023R4074, Ticker: VLOWY). Parity between ADR and a Vallourec ordinary share has been set at 5: Aldebaran Aldebaran Capital Partners is a French investment company dedicated to the transformation of small-and-mid-sized companies. Its mission is to support management teams in the success of their strategic and operational transformation. We back companies with strong fundamentals that are experiencing complexity (carve-out, family transition, consolidation, etc.), providing them with financial, human and organizational resources to unleash their full potential. Aldebaran is supported by leading institutions such as Bpifrance and the European Investment Fund. Aldebaran Capital Partners is regulated by AMF under the AIFM-D For further information, please contact: Investors relations:Connor LynaghTel : +1 (713) Individual shareholders:Toll free number (From France): 0 805 65 10 10actionnaires@ Press media Relation: Taddeo Romain GrièreTel : +33 (0)7 86 53 17 29 Nicolas EscoulanTel : +33 (0)6 42 19 14 74 a €7 million will be paid via an earn-out. Attachment Vallourec_Press release_Serimax transaction closing
Yahoo
6 days ago
- Business
- Yahoo
Vallourec Completes the Disposal of Serimax
VALLOUREC COMPLETES THE DISPOSAL OF SERIMAX Meudon (France), July 25th, 2025 – Vallourec, a world leader in premium seamless tubular solutions, announces today that it has finalized on July 24th the disposal process of Serimax, Vallourec's subsidiary specializing in manual and mechanized orbital welding solutions, for an enterprise value of €79 million.a This transaction is part of Vallourec's initiatives to rationalize its invested capital and focus the Group on its core business as a premium seamless tubular solutions provider. As part of the New Vallourec plan, Serimax has undergone a rapid transformation and is now operating profitably as a standalone company. Serimax generated approximately €105 million of revenues in 2024. As a new shareholder, Aldebaran, a French investment company, will enable Serimax - a global leading provider of manual and mechanized orbital welding solutions - to continue its ambitious development. About Vallourec About Vallourec Vallourec is a world leader in premium tubular solutions for the energy markets and for demanding industrial applications such as oil & gas wells in harsh environments, new generation power plants, challenging architectural projects, and high-performance mechanical equipment. Vallourec's pioneering spirit and cutting- edge R&D open new technological frontiers. With close to 13,000 dedicated and passionate employees in more than 20 countries, Vallourec works hand-in-hand with its customers to offer more than just tubes: Vallourec delivers innovative, safe, competitive and smart tubular solutions, to make every project possible. Listed on Euronext in Paris (ISIN code: FR0013506730, Ticker VK), Vallourec is part of the CAC Mid 60, SBF 120 and Next 150 indices and is eligible for Deferred Settlement Service. In the United States, Vallourec has established a sponsored Level 1 American Depositary Receipt (ADR) program (ISIN code: US92023R4074, Ticker: VLOWY). Parity between ADR and a Vallourec ordinary share has been set at 5: Aldebaran Aldebaran Capital Partners is a French investment company dedicated to the transformation of small-and-mid-sized companies. Its mission is to support management teams in the success of their strategic and operational transformation. We back companies with strong fundamentals that are experiencing complexity (carve-out, family transition, consolidation, etc.), providing them with financial, human and organizational resources to unleash their full potential. Aldebaran is supported by leading institutions such as Bpifrance and the European Investment Fund. Aldebaran Capital Partners is regulated by AMF under the AIFM-D For further information, please contact: Investors relations:Connor LynaghTel : +1 (713) Individual shareholders:Toll free number (From France): 0 805 65 10 10actionnaires@ Press media Relation: Taddeo Romain GrièreTel : +33 (0)7 86 53 17 29 Nicolas EscoulanTel : +33 (0)6 42 19 14 74 a €7 million will be paid via an earn-out. Attachment Vallourec_Press release_Serimax transaction closing
Yahoo
23-07-2025
- Business
- Yahoo
Lincoln Electric Board Declares Dividend
CLEVELAND, July 23, 2025--(BUSINESS WIRE)--Lincoln Electric Holdings, Inc., (Nasdaq: LECO) announced today that its Board of Directors has declared a quarterly cash dividend of $0.75 per common share, payable October 15, 2025, to shareholders of record as of September 30, 2025. Business Lincoln Electric is the world leader in the engineering, design, and manufacturing of advanced arc welding solutions, automated joining, assembly and cutting systems, plasma and oxy-fuel cutting equipment, and has a leading global position in brazing and soldering alloys. Lincoln is recognized as the Welding Expert™ for its leading materials science, software development, automation engineering, and application expertise, which advance customers' fabrication capabilities to help them build a better world. Headquartered in Cleveland, Ohio, Lincoln operates 71 manufacturing and automation system integration locations across 20 countries and maintains a worldwide network of distributors and sales offices serving customers in over 160 countries. For more information about Lincoln Electric and its products and services, visit the Company's website at View source version on Contacts Amanda ButlerVice President, Investor Relations & CommunicationsTel: 216.383.2534Email: Amanda_Butler@ 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
Globe and Mail
23-07-2025
- Business
- Globe and Mail
Lincoln Electric Board Declares Dividend
Lincoln Electric Holdings, Inc., (Nasdaq: LECO) announced today that its Board of Directors has declared a quarterly cash dividend of $0.75 per common share, payable October 15, 2025, to shareholders of record as of September 30, 2025. Business Lincoln Electric is the world leader in the engineering, design, and manufacturing of advanced arc welding solutions, automated joining, assembly and cutting systems, plasma and oxy-fuel cutting equipment, and has a leading global position in brazing and soldering alloys. Lincoln is recognized as the Welding Expert™ for its leading materials science, software development, automation engineering, and application expertise, which advance customers' fabrication capabilities to help them build a better world. Headquartered in Cleveland, Ohio, Lincoln operates 71 manufacturing and automation system integration locations across 20 countries and maintains a worldwide network of distributors and sales offices serving customers in over 160 countries. For more information about Lincoln Electric and its products and services, visit the Company's website at
