Cummins will break ground early next year on a multiphased manufacturing site at the Aegean Free Trade Zone in Izmir, Turkey. The Columbus, Ind.-based company first plans to build a filtration manufacturing plant and will follow with a facility to produce alternators for its power-generation business. Production is expected to begin in early 2012 and…more
Marine industry technology news ranges from engine and other product debuts to reports of executive promotions and interviews with CEOs.
AB Volvo Penta and Yamaha Motor Co. today announced they have signed a technical agreement for the joint development of control systems for boats with outboard motors. “We are proud to be working with Volvo Penta,” Yamaha Marine Group president Ben Speciale said in a statement. “As a leader in outboard innovation, we look forward…more
Intellian moved its U.S. headquarters and warehouse in Irvine, Calif., to a larger location and opened a new office in the Seattle metropolitan area. The Irvine office and warehouse is four times larger than its previous location, and the new Seattle-area location is home to Intellian’s growing marketing department and the director of VSAT sales…more
The new MTU Detroit Diesel engine production facility celebrated its grand opening Wednesday in Aiken, S.C. The plant will manufacture MTU Series 2000 and 4000 engines, primarily for the U.S. market. The assembly lines are the first step on the way to developing the Aiken plant into a broad production base in the United States.…more
Cobra Electronics Corp., a leading designer and marketer of mobile communications and navigation products, reported net earnings of $874,000, or 14 cents a share, for the third quarter. That compares with a net loss of $509,000, or 8 cents a share, in the third quarter of 2009. Results improved because of higher sales, an increase…more
Capstone Turbine Corp., a leading manufacturer of clean technology microturbines, entered into an OEM agreement with Kilo-Pak for microturbine-based on-board power packages for the marine industry. Kilo-Pak, a Reagan Equipment subsidiary, developed a traditional on-board power generator for the luxury yacht market in 2008 that uses diesel engines. Recently, in response to interest across the…more
Private equity firm Permira is among the potential bidders for Sweden-based Dometic, the marine refrigerator maker being sold by its banks. Banks took control of the business from buyout owners BC Partners in September 2009, Dow Jones Newswires reports. The auction is being run by Merrill Lynch and first-round bids are due Nov. 9. The…more
Cummins today reported that third-quarter sales and profits increased sharply from the same period a year earlier, with the company’s continued strong performance in international markets a primary driver of the improved results. Sales of $3.4 billion in the third quarter, which ended Sept. 26, rose 34 percent from $2.53 billion in the same quarter…more
Intellian announced its limited-time year-end rebate promotion, which runs through Dec. 31. During that time, customers who purchase an Intellian i2 or i3 satellite TV antenna can receive $100, and those who purchase the i4, i6, or an Intellian Fleet Broadband FB150 or FB250 communication system are eligible to receive a $200 cash rebate. “Our…more
New Mares models for 2011 will have Cummins diesels and Zeus pod drives, company president Lenny Noble announced. The first 43 Fly-Bridge and 43 Express are scheduled to arrive early next year. Mares has been building power catamarans from 38 to 100 feet for more than two decades. Click here for the full release.