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IDEA: Embracing Technology to Improve Business

Q: Where do you turn for proven business data and business-to-business solutions that drive down supply chain costs, slash cycle times, and enhance customer satisfaction?

A: To IDEA (Industry Data Exchange Association), an industry-backed leader in e-commerce solutions, provides a service suite that maximizes supply chain efficiencies for companies, allowing them to conduct business electronically with 100 percent of their suppliers, customers, and strategic partners.  More

Contracts | Mergers & Acquisitions | Personnel | Awards


Kodak Selected as Main Supplier in Finnish e-Health Project
Eastman Kodak Company’s health group has been selected as the main supplier of the RATU e-health project in Northern Finland. 10/20/05

Voith Paper Automation Signs OEM Agreement with Rockwell Automation
Voith Paper Automation recently announced a global original equipment manufacturer alliance with Rockwell Automation Inc. 10/19/05

ABB Wins Major Contract for Thai Oil Refinery
ABB has won a contract worth more than $100 million from Thai Oil Public Company Ltd. to revamp existing facilities and install new production units at the Sriracha oil refinery on the Gulf of Thailand. 10/13/05

Siemens to Improve Security, Traffic Management System for U.S.-Canadian Bridge
Siemens Building Technologies, Inc., and Windemuller have been awarded a $1.3 million contract by the Joint International Bridge Authority Board of Directors to provide security and traffic management system improvements for the Sault Ste. Marie International Bridge. 10/11/05

GE's New-Generation Nuclear Reactor Chosen for Two Proposed Projects
The U.S. utility industry has announced plans to prepare license applications to build a new generation of nuclear reactors at three sites in Mississippi, Alabama, and Louisiana, with two projects featuring GE Energy's advanced reactor design, the Economic Simplified Boiling Water Reactor. 10/11/05


Mergers & Acquisitions

Johnson Controls to Assume Ownership of Detcon S.A.
Johnson Controls has announced plans to purchase the remaining interest in its Argentinean joint venture, Detcon S.A. 10/21/05

Schneider Electric Agrees to Acquire Citect
Schneider Electric’s main Australian subsidiary and Citect have signed a merger implementation agreement. 10/20/05

Eaton Acquires Assets of Pringle Electrical
Diversified industrial manufacturer Eaton Corporation has acquired the principal assets of one of its suppliers, Pringle Electrical Manufacturing Company, a manufacturer of bolted contact switches and other specialty switches. 10/18/05

General Cable Corporation to Acquire Wire and Cable Manufacturing Business of SAFRAN SA
General Cable Corporation has reached an agreement in principle to acquire the wire and cable manufacturing business of SAFRAN SA. 10/14/05

Eaton to Purchase Aerospace Division of PerkinElmer, Inc.
Diversified industrial manufacturer Eaton Corporation has announced that it has reached agreement with PerkinElmer, Inc., to purchase its aerospace division for $333 million. 10/12/05



New Head for GE China
General Electric has named Steve Bertamini as president and chief executive officer of GE China, succeeding Steve Schneider, who was promoted to command GE Energy's global energy products operations. 10/19/05

Emerson President to Retire November 1
Emerson President James G. Berges will retire from the company effective November 1, 2005, to pursue a number of personal interests outside of Emerson. 10/14/05

O'Toole to Retire as A. O. Smith CEO; Jones Named Successor
Robert J. O'Toole has decided to retire as A. O. Smith's chairman and CEO at the end of the year, capping a career of more than 42 years with the company. 10/14/05



Chemical Industry Professionals Name Emerson Best Provider of Process Management Technology
Emerson Process Management has been named the “best technology provider” of process management products in seven categories in Chemical Processing magazine's second annual Readers' Choice Awards. 10/20/05

Johnson Controls Recognized for Efforts in Developing Diverse Suppliers
For its outstanding efforts in developing diverse suppliers, Johnson Controls has been awarded 2005 “Corporation of the Year” honors from the Michigan Minority Business Development Council. 10/12/05


Brightest IDEA Award Recipients Announced
The Industry Data Exchange Association, an industry owned e-commerce solutions provider, announced that Liz Norman of Siemens Energy and Automation and Tammy Paters of Werner Electric Supply have won the Brightest IDEA Award. 10/17/05

NEMA Convenes Coalition for Understanding Commercial Building Tax Deduction
NEMA recently convened a coalition of organizations interested in educating the community about the commercial buildings tax deduction provision of the Energy Policy Act of 2005 and promoting its proper implementation and use. 10/17/05


Thomas & Betts Assists Victims of Hurricane Katrina
Thomas & Betts and its employees contributed over $110,000 to the American Red Cross in support of relief efforts for the victims of Hurricane Katrina. 10/18/05

Commerce Secretary Announces Hurricane Contracting Information Center
The Department of Commerce has created the Hurricane Contracting Information Center, which will help U.S. businesses, especially minority, women, and small businesses participate in the Gulf Coast rebuilding efforts. 10/12/05


Johnson Controls and Saft to Form Joint Venture for Hybrid Vehicle Batteries
Johnson Controls and Saft have signed a memorandum of understanding to form a joint venture for advanced technology batteries to accelerate their participation in the hybrid vehicle market. 10/18/05


October 24, 2005
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