Machine Tools, Metalworking, & Metallurgy News

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced that its Board of Directors has increased the Company’s common stock share repurchase authorization to a total of up to $150 million, adding to the $65.4 million remaining under the previous authorization. “Increasing our share repurchase authorization reinforces our long-term commitment to returning capital to shareholders and the Board’s confidence in TriMas’ future,” said Thomas Snyder, TriMas President and Chief...

KYOTO, Japan--(BUSINESS WIRE)--Nidec Corporation (TOKYO:6594) (OTC US: NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (“IFRS”) for the period of April 1, 2025 through September 30, 2025. The highlights are as follows: Sales: increased by 8.5 billion yen compared to the previous year, due to sales increase in the Automotive products business and the Appliance, Commercial and Industrial products business, though sales in the Machine...

KYOTO, Japan--(BUSINESS WIRE)--Nidec Corporation (the “Company”) has received the interim review report containing a disclaimer of conclusion on the condensed quarterly consolidated financial statements in the Financial Statements Summary for the Three Months Ended June 30, 2025 Name of the audit corporation which was engaged in the audits PricewaterhouseCoopers Japan LLC Content of the interim review report concerning the condensed quarterly consolidated financial statements The content of the...

KYOTO, Japan--(BUSINESS WIRE)--As explained in the press release dated October 28, 2025, “Notice Regarding Designation of Security on Special Alert by Tokyo Stock Exchange,” the shares of Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the “Company” or “we”) were designated as Security on Special Alert, effective as of October 28, 2025, by Tokyo Stock Exchange, Inc., which deemed our internal management system, etc. to be in high need of improvement. Based on this decision, Tokyo Stock Exchange...

KYOTO, Japan--(BUSINESS WIRE)--Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company”) announces the Company recorded provisions for loss on contract and impairment losses on non-financial assets, as well as liabilities arising from the settlement of claims from suppliers in the first and second quarters of the fiscal year ending March 2026, as outlined below. 1. Record of provisions for loss on contract, impairment losses, and indemnification liabilities. (*1) (1) Record of provisions for...

KYOTO, Japan--(BUSINESS WIRE)--Nidec Corporation (the “Company”) has received the interim review report containing a disclaimer of conclusion on the condensed interim consolidated financial statements in the Semi-annual report for the six months ended September 30, 2025. Name of the audit corporation which was engaged in the audits PricewaterhouseCoopers Japan LLC Content of the interim review report concerning the condensed interim consolidated financial statements The content of the interim r...

KYOTO, Japan--(BUSINESS WIRE)--Nidec Corporation (TOKYO: 6594) (OTC US: NJDCY) today announced its consolidated results under the International Financial Reporting Standards (“IFRS”) for the three-month period ended June 30, 2025. (Note) The figures in these materials listed in this item do not take into account the impact on the consolidated financial statements from the ongoing investigation by the third-party committee and other internal investigations and may be revised based on the results...

AKRON, Ohio--(BUSINESS WIRE)--Myers Industries appoints Kari Brashear as Chief Legal Officer, Corporate Secretary, and Senior VP of Business Development, effective Dec. 1, 2025....

MILWAUKEE, Wis.--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW) announced today that members of the VDMA Materials Handling and Intralogistics Association have filed a complaint to the European Commission concerning the influx of mobile cranes from China into the European Union. They have requested an urgent investigation into imports of Chinese mobile cranes marketed at conditions that result in unfair competition for European producers. VDMA’s press release can be accessed here. The...

TULSA, Okla.--(BUSINESS WIRE)--Alliance Resource Partners, L.P. to Attend Investor Conference...