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NEMA Economic Analysis:
Katrina and Rita Dent, but do not Derail, Economic Expansion

The combined economic effects of hurricanes Katrina and Rita may be the most severe and far reaching ever unleashed by a natural disaster in this nation in modern times. While the economy’s relatively strong momentum prior to these storms will likely enable it to absorb the adverse affects of related shocks to industries such as energy, petrochemical, and transportation, the forecast for economic growth has been altered. The impact of the aftermath of these hurricanes will be mixed for the electrical manufacturing sector. More

Contracts | Mergers & Acquisitions | Personnel | Awards


Contracts

ABB Wins $60 Million Order to Upgrade Power Plant in Kuwait
ABB has won a contract from the Kuwaiti government to refurbish a steam power plant and help meet increasing demand for reliable supplies of power and water. 10/7/05

The West Clinic Selects IMPAC Medical Systems Oncology EMR
The West Clinic, a center of excellence for oncology, hematology, radiology, and other advanced medical care, has selected IMPAC Medical Systems’ oncology-specific EMR for use at six sites in Tennessee and Mississippi. 10/6/05

ABB Wins $52 Million Order for Rotterdam Terminal Automation
ABB has won an automation and electrical systems contract to serve the new EUROMAX container terminal in Rotterdam, Holland. 10/5/05

Kodak to Provide Worldwide Service for 3G Ultrasound’s Equipment
Eastman Kodak Company has signed a three-year agreement with 3G Ultrasound, Inc., naming Kodak as the exclusive worldwide service provider for 3G’s Sonalis ultrasound unit used in surgical procedures. 9/29/05

Milwaukee Brewers Renew and Expand Contract with Johnson Controls
Johnson Controls, Inc., has been awarded a multi-year contract by the Milwaukee Brewers baseball team to continue its integrated facility management services for Miller Park. 9/28/05

ABB to Supply Turnkey Indoor Substation in Puerto Rico
ABB has won a $49 million order to supply a turnkey indoor substation to help meet the increasing demand for energy on the Caribbean island of Puerto Rico. 9/27/05

Schneider Electric Supplies Hong Kong Disneyland with Electrical Equipment
Schneider Electric has supplied Hong Kong’s new Disneyland theme park with electrical equipment that distributes, controls, and manages the power needed to run the entire park during its first year in operation. 9/26/05

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Mergers & Acquisitions

Siemens Acquires Assets of RVSI Acuity Cimatrix
Siemens Energy and Automation, Inc., has completed the acquisition of the assets of RVSI Acuity CiMatrix, a division of Robotic Visions Systems, Inc. 10/6/05

Honeywell to Acquire Remaining Stake in UOP LLC Joint Venture
Honeywell has entered into a definitive agreement to acquire the 50 percent interest in UOP LLC currently owned by Union Carbide Corp., a wholly owned subsidiary of the Dow Chemical Company, giving Honeywell full ownership of the entity. 10/4/05

GE Healthcare to Acquire IDX Systems Corporation
GE Healthcare and IDX Systems Corporation have entered into a merger agreement for GE to acquire IDX, a leading healthcare information technology provider. 9/30/05

AREVA's FCI Connector Business to be Acquired by Bain Capital
Bain Capital has signed a definitive agreement to acquire FCI, AREVA's connectors subsidiary. 9/29/05

Emerson Acquires Numatics
Emerson has acquired Numatics Inc., a leader in pneumatic control and motion control products for industrial applications. 9/27/05

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Personnel

Belden CDT Inc. Appoints Stroup President, CEO, and Director
John S. Stroup has been appointed president, chief executive officer, and director of Belden CDT Inc. 9/29/05

IMPAC Announces New Chief Executive Officer
IMPAC Medical Systems, Inc., has named James P. Hoey as president and chief executive officer. 9/27/05

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Awards

Schneider Electric Receives Patriotic Employer Award
Schneider Electric’s North American Operating Division and Dave Petratis, president and chief executive officer, have been awarded the Patriotic Employer Award by the National Committee of Employer Support of the Guard and Reserve (ESGR). 10/5/05

Two Johnson Controls Executives Honored as Top Female Leaders in the Automotive Industry
Susan Kampe and Carolyn Woznicki, were recently recognized on Automotive News' list of 100 Leading Women in the North American automotive industry. 10/4/05

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AD Executive Committee Expresses Unanimous Support for IDEA
At its recent annual North American meeting, Affiliated Distributors, the largest distribution network in North America, issued a position letter to its affiliates in support of the Industry Data Exchange Association (IDEA). 9/7/05

NEMA's Electroindustry Stock Index Rebounds to New Record Level
NEMA’s Electroindustry Stock Index attained a record level of 249.9, a gain of 12.0 percent for the third quarter of 2005, resurging from a second quarter contraction of 7.1 percent. 9/5/05

NECA Names NEMA Winner of the 2005 Industry Partner Award
The National Electrical Contractors Association has named NEMA the recipient of the NECA Industry Partner Award “in recognition of decades of reciprocal cooperation and the promise of ongoing mutual support and friendship.” 9/29/05

Business Confidence for Current Conditions Rises to Highest Level Since April 2004
NEMA’s EBCI for current conditions in North America rose to 83.3 points in September, its highest level since April 2004. 9/27/05

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AMETEK Solidstate Controls Offers Help in the Wake of Hurricane Katrina
AMETEK Solidstate Controls is taking a number of steps in response to damage and unsafe conditions caused by Hurricane Katrina. 10/3/05

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NEMA Welcomes Conclusion of U.S.-Oman Free Trade Negotiations
NEMA hails the announcement by the governments of Oman and the United States that the two countries have finished negotiating a bilateral free trade agreement. 10/3/05

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Energizer Supports Komen Breast Cancer Foundation with Special Offer
Energizer will employ its popular pink Energizer Bunny and its “Keep Going” message in support of National Breast Cancer Awareness Month and the Susan G. Komen Breast Cancer Foundation. 10/7/05

Mitsubishi Electric Power Products Celebrates 20th Anniversary
Mitsubishi Electric Power Products, Inc., celebrated its 20th anniversary in the United States on October 7. 10/7/05

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October 11, 2005
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© 2005 National Electrical Manufacturers Association. ei extra is a biweekly e-newsletter for electroindustry professionals summarizing key manufacturer, standardization, and regulatory news. NEMA does not sell or release subscriber's personal information and will never willfully disclose individually identifiable information to any third party without first receiving your permission. Privacy policy.
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