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Board of Siemens approves change in directorate

At meeting held on 12 February 2021The Board of Siemens at its meeting held on 12 February 2021 has approved the change in directorate as under-
Josef Kaeser (DIN: 00867264) has tendered his resignation as Director of the
Company, with effect from 01 March, 2021, due to other commitments.
Approved the appointment of Willem Rudolf Sasson as Director (Non-Executive Non Independent Director) in casual vacancy caused by the resignation of Josef Kaeser
with effect from 1 March 2021 or on allotment of Director Identification Number (by the
Ministry of Corporate Affairs, Government of India), whichever is later.
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Siemens December-quarter net profit up over 11% at Rs 295 crore

Siemens on Friday posted an over 11 per cent jump in consolidated net profit at Rs 295.5 crore for the December quarter, mainly on the back of higher revenues.
The company had reported a consolidated net profit of Rs 265.8 crore in the quarter ended December 2019, it said in a regulatory filing.
Total income of the firm rose to Rs 2,983.3 crore in the quarter from Rs 2623.9 crore in the same period a year ago.
The company follows the October to September financial year.
Sunil Mathur, managing director and chief executive officer, Siemens Ltd, said: Our strong and resilient performance reflects the continued uptick in the economy and is led by our short cycle Digital Industries business and a large order in our Mobility business. We are seeing a slowing down in the Energy Transmission business resulting from delays in retendering of Tariff Based Competitive Bidding (TBCB) projects. ....

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ABB India Q4 PAT spurts 49% to Rs 58 cr

On a standalone basis, ABB India s net profit jumped 48.88% to Rs 57.56 crore on 12.93% decrease in total revenue from operations at Rs 1,700.76 crore in Q4 December 2020 over Q4 December 2019.
Profit before tax (PBT) rose 0.53% to Rs 80.39 crore in Q4 December 2020 over Q4 December 2019. Total tax expense for the quarter surged 18.88% to Rs 18.19 crore as against Rs 15.30 crore in Q4 December 2019. The Q4 result was declared during market hours today, 10 February 2021.
The company said it has shown resilient performance as the economy starts to show signs of recovery with strong sequential growth in operating margins. Sequentially, the quarter witnessed uptrend in revenues across all business divisions due to continued focus on execution of order backlog. Factors like export performance, service revenue with system upgrades, sluggish project performance compensated by solid product sales, helped increase revenues during the fourth quarter as compared to the earlier quarte ....

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ABB India announces change in Chairman

With effect from 10 February 2021 ABB India announced the resignation of J C Deslarzes (DIN 08064621) as Director and Chairman of the company. Maria Varsellona (DIN 08892891) has been
appointed as non-executive non-independent Director, in the casual vacancy caused by the
resignation of J C Deslarzes.
Morten Wierod (DIN 08753868) a non-executive non-independent Director of the Company
has been appointed as the Chairman of the Board of the Company, effective from the
conclusion of today s Board meeting.
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Pamplin Media Group - Hubbard company reaches a metal-making milestone

February 08 2021
Ulven Companies celebrate 50 years of business in 2021, growing from a Molalla shed to a global supplier.
In 1971 a young Oregon couple, Andrew and Diane Ulven, had a life-determining decision to make.
Andy had a couple of years of law school behind him, had worked in sales for a few years, and had previously worked more hands on with hot metal. Diane had a tidy savings account.
When the couple discussed their future, they decided that a life in which they were able to make their own decisions, decide their own fate, was preferable to other options before them. So they took $3,000 and purchased Molalla Iron Works, described in reminiscence as a two-man operation producing low volume products, mostly pins and repair parts, on a 500-pound Little Giant trip hammer. ....

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