CORAL SPRINGS, Florida, October 3, 2016 /PRNewswire/ --
Top small-cap to large-cap companies in the auto manufacturing, utility, chemical gases industries continue to seek alternative, environmentally safe options for replacements to antiquated chemical welding and cutting fuels such as acetylene. Research and innovation are relatively important components for Companies looking to expand and enhance operations such as Air Products and Chemicals, Inc (NYSE: APD), MagneGas Corporation (NASDAQ: MNGA), General Motors Co (NYSE: GM), Ford Motor Co. (NYSE: F) and The Dow Chemical Company (NYSE: DOW)
MagneGas Corporation (NASDAQ: MNGA) - After Successful Training, Fortune 100 Top Auto Manufacturer Indicates It Will Switch Second Factory to MagneGas2® - MagneGas Corporation, a leading technology company that counts among its inventions a patented process that converts renewable and liquid waste into MagneGas2® fuel, announced today that a global auto manufacturing company based in the mid-western United States has completed training on MagneGas2® and has begun the procurement process at a second factory.
Read the full MNGA Press Release at: http://financialnewsmedia.com/profiles/mnga.html
The Company previously announced that the auto maker chose MagneGas2® to be its exclusive fuel at one of its mid-western factories and to discontinue using acetylene after several successful demonstrations of the use of the fuel for metal cutting. Since that time, the auto maker tested MagneGas2® at one of its light truck manufacturing facilities in a nearby state and has indicated that it will also switch this factory to the fuel for metal cutting.
"This automobile manufacturing company is a leader in adopting renewable and waste reducing technologies. We are excited that not only did we successfully complete the MagneGas2 rollout at the first factory, but they were so happy with its performance that they have expanded into a second location. We believe these initial purchase orders will open the door to other larger opportunities with this customer. This relationship is just one of several marquee customers that have selected recently MagneGas," stated Ermanno Santilli, CEO of MagneGas.
For a complete insight into MGNA operations go to this free, independent report: http://investmentresearchreport.com/mnga-report/?=fn Source: ALG Financial
In other emerging industry news and developments:
In honor of Air Products and Chemicals, Inc's (NYSE: APD) long-time membership of the Gases and Welding Distributors Association (GAWDA), the company showed its ongoing support of the organization, as well as the gases and welding industry, through contributions recognized recently at the GAWDA 2016 Annual Convention in Maui, Hawaii. Air Products was among several companies acknowledged for its efforts in promoting awareness and opportunities for women in the gases and welding industry through scholarship programs. In 2012, Air Products and the American Welding Society jointly established the "Air Products Women of Gases & Welding Scholarship." Inspired by GAWDA's Women of Gases & Welding committee, the $50,000 scholarship program is aimed at helping women develop the skills required to pursue technical careers.
As reported in The Detroit News this year, General Motors Co (NYSE:GM) believes it is the first automaker to weld steel to aluminum through resistance spot welding, a technique it spent some two years developing and expects will save weight and be less expensive. The automaker saidWednesday that within a few months it will deploy welded steel to aluminum joinings on a seatback for the Cadillac CT6 luxury vehicle and shortly thereafter on a CT6 hood reinforcement (a steel pedestrian protection reinforcement will be welded to an aluminum hood inner panel). The CT6 structure includes 11 different materials and uses multiple joining processes. The car is built at GM's Detroit-Hamtramck Assembly Plant.
In another article published on Forbes, The auto industry is still the life-blood of the Michigan, especially Southeast Michigan. While there is less manufacturing than there was 25 years ago,Ford Motor Co. (NYSE: F), GM and FCA maintain their headquarters in Michigan, as do several supplier companies. Moreover, Toyota, Subaru, Nissan, Hyundai-Kia, Volkswagen and Honda all maintain substantial research-and-development centers in the area. There are, in fact, fewer jobs in the state welding and driving screws than there were 25 years ago, but more intellectual-property jobs and value-added jobs because Michigan is a knowledge center and center of excellence for engineering.
The Dow Chemical Company (NYSE: DOW) announced last week that it will join the Smart Cities Council, an alliance of companies collaborating to deliver frameworks and solutions for smarter cities. Dow's membership has been featured in the White House Fact Sheet, releasedMonday, which recognizes the Company's contributions to five select cities looking to accelerate urban livability, workability and sustainability. "Cities can provide society with a blueprint for building sustainable, livable communities around the world," said Neil Hawkins, Dow's corporate vice president and chief sustainability officer. "Dow is committed to applying our expertise in science and engineering to transition cities into more innovative, adaptable and collaborative places for a connected and resilient future."
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