Kioxia | March 07, 2022
Kioxia Holdings Corporation has entered into a definitive agreement with Toshiba Digital Solutions Corporation (a subsidiary of Toshiba Corporation TSE:6502) to acquire all of the outstanding shares of its subsidiary, Chubu Toshiba Engineering (CTE) Corporation, to further strengthen Kioxia Group’s technology development capabilities. Acquisition of the shares will be completed in the first half of 2022, following completion of the necessary procedures, and CTE will become a wholly-owned subsidiary of Kioxia Corporation.
Specializing in semiconductor related hardware and software design, prototyping and evaluation, CTE is well-experienced in semiconductor manufacturing technologies covering areas from development to mass production while building sophisticated technical capabilities over many years. The firm has also provided its engineering services to Kioxia Corporation in the past. Integrating CTE brings in-house highly experienced engineering talent in semiconductor development while enabling cost efficiencies which together will improve enterprise value. The acquisition will enhance Kioxia’s technology development capabilities, as well as deliver synergies across the design, operation, and production of its manufacturing plants.
Kioxia is cultivating a new era of memory with its world class solutions, as it strives towards the mission of “uplifting the world with memory”. The company remains committed to developing initiatives to strengthen the competitiveness of its memory and SSD business.
Kioxia is a world leader in memory solutions, dedicated to the development, production and sale of flash memory and solid-state drives (SSDs). In April 2017, its predecessor Toshiba Memory was spun off from Toshiba Corporation, the company that invented NAND flash memory in 1987. Kioxia is committed to uplifting the world with memory by offering products, services and systems that create choice for customers and memory-based value for society. Kioxia's innovative 3D flash memory technology, BiCS FLASH™, is shaping the future of storage in high-density applications, including advanced smartphones, PCs, SSDs, automotive and data centers.
RGPC | May 16, 2022
Rio Grande Pacific Corporation through its Rio Grande Pacific Group portfolio company Basin Railway Constructors, LLC (“BRC”) announced today it has selected the engineering and construction firms for the final engineering and construction of the Uinta Basin Railway, the 85-mile-long common-carrier railway that will provide the first-ever common-carrier railway service to northeastern Utah’s Uinta Basin region.
Construction and operation of the Uinta Basin Railway project was authorized by the U.S. Surface Transportation Board on December 15, 2021. The railway will serve mineral, energy, agricultural, construction, and manufacturing industries in the Uinta Basin. The railway project was initiated by the Seven County Infrastructure Coalition, a political subdivision of the State of Utah, in 2018. The Ute Indian Tribe of the Uintah and Ouray Reservation is an equity partner in the railway.
Engineering and Construction firms that were selected are:
AECOM will deliver final design of the railway exclusive of it tunnels. AECOM is the No. 1 engineering firm worldwide (in terms of revenue) per Engineering News-Record (ENR).
Skanska-WW Clyde Joint Venture will deliver construction of the railway exclusive of its tunnels. Skanska is the No. 5 construction firm worldwide per ENR. WW Clyde is the largest locally owned heavy civil contractor in the state of Utah and has constructed a substantial portion of Utah’s major transportation infrastructure since 1926.
Obayashi Corporation will deliver final design and construction of the railway’s tunnels. Obayashi is the No. 15 construction firm worldwide per ENR and is globally recognized for tunneling expertise.
RGPC Chairman and Chief Executive Officer Richard Bertel stated, “We are pleased to award engineering and construction of the Uinta Basin Railway project to AECOM, Skanska-Clyde, and Obayashi. Numerous qualified and technically proficient engineering and construction firms, including most of the major firms in the U.S., pursued the Uinta Basin Railway project, and provided to us high-quality and creative responses. AECOM, Skanska-Clyde, and Obayashi provided the best fit to our project objectives of the firms we interviewed.”
“WW Clyde since 1926 has been known as a premier heavy civil contractor in Utah and the Intermountain West. We’re thrilled to be chosen for the largest new railroad construction project in the U.S. since the 1970s. We’re excited to be a part of creating new jobs and economic opportunities for rural Utah.”
WW Clyde Area Manager Garrett McMullin
A key selection criterion for RGPC was the commitment of AECOM, Skanska-Clyde, and Obayashi to a tribal and local hiring preference, and to include within their teams to the greatest degree practical the construction and engineering firms located within the Uinta Basin and the counties of the Seven County Infrastructure Coalition.
About Rio Grande Pacific Corporation
Rio Grande Pacific Corporation (RGPC) is a privately held, Fort Worth, Texas-based holding company for regional freight railroads. Through its various subsidiaries, RGPC provides a comprehensive suite of services to the railway industry, including railway development, engineering, and project management, passenger railway operations and maintenance, railway track maintenance equipment remanufacturing, railway dispatching services, industrial switching. RGPC portfolio companies provide services to Class I, regional and short line railroads, passenger transit agencies, and rail-served industries across the United States. Our properties serve many Fortune 500 firms and move a diverse mixture of commodities in the agricultural, chemical, lumber, mineral, energy, and recycling industries. These initiatives offer diversification across the industry spectrum through synergistic businesses and relationships. RGPC provides international railway consulting service for clients worldwide, including on five continents to date, and evaluates major greenfield railway projects for its clients as well as our own portfolio.
During the 36 years since our founding, we have focused on building a business known for its proactive approach to engaging communities; strong, strategic partnerships with our customers and our communities; efficient, safe train handling operations and transportation solutions; and excellent customer service. Internally, our company focuses on attracting strong team players who bring innovative, creative thinking and a willingness to go the extra mile to the table. This entrepreneurial and often non-conformist style translates into a growth plan that is strong, yet stable. As a result, Rio Grande Pacific continues to evolve to meet the demands of a dynamic railroad industry.
Volvo Construction | April 19, 2022
Demonstrating the potential of electric power on a global stage, Volvo Construction Equipment (Volvo CE) will become the Official Construction Equipment Supplier to the new fully electric FIA World Rallycross Championship (World RX).
Volvo Construction Equipment signs three-year agreement to become official supplier to inaugural fully electric FIA World Rallycross Championship
The championship will be held in iconic locations from July to the end of 2022, expanding to additional markets in subsequent seasons
Establishes a multi-stakeholder engagement platform to accelerate sustainable transformation in the construction equipment industry and motorsport
A partnership to accelerate transformation
The three-year partnership will see Volvo CE put to work a mix of its industry-leading electric construction equipment and its most sustainable and innovative solutions in the exciting world of motorsport as the FIA World Rallycross Championship now enters a completely new era of fully electric racing. Further exciting details about the pioneering partnership will be revealed over the coming weeks.
World RX has always been a spectator-friendly race series that sees production-based cars race on short, closed circuits on asphalt and gravel. Now for the first time, the championship is being reinvented for 2022 as a fully electric series – as it targets a younger, more diverse audience.
Arne Dirks, Executive Director of World RX, says: "We are very proud to announce Volvo CE as our Official Construction Equipment Supplier. They are a great partner for World RX, and they join us at a seminal moment as the World Championship goes electric. Not only do we share similar goals with regard to sustainability, but Volvo CE will be working with us on some hugely exciting top-secret projects that we will be able to confirm shortly and which we are confident will kick-start rallycross' new era in sensational style."
Change starts here
Volvo CE intends to use its involvement in the championship to push the boundaries for sustainability, safety, equality, and diversity. Like the rallycross cars themselves, Volvo CE has a track-record of delivering high performance off-road solutions – and will use the international electric race series as a platform to showcase its growing range of electric construction equipment and innovative services to a global audience.
Bill Law, Head of Brand, Marketing & Communications at Volvo CE, says: "A global shift to an electric future is inevitable and urgent – and we know that more sustainable construction solutions are a vital part of driving that change. That is why we are thrilled to partner with the now fully electric FIA World Rallycross Championship – a series that shares our commitment to not only demonstrate the power of electromobility today, but also work together on a journey to build the world we want to live in."
Exciting journey ahead
The season will begin with a 'Launch Event' at iconic Swedish circuit Höljes, before travelling to Germany's famous Nürburgring, Hell in Norway, Riga in Latvia, Montalegre in Portugal, Spa-Francorchamps in Belgium and one additional venue still to be announced.
Sustainable and digital
As part of a shared sustainability roadmap, the parties will aim to limit transportation and logistics' emissions at the races, boost inclusivity and reduce travel-related emissions. Volvo CE will engage principally local customers to attend races and roadshows, with digital tools including the championship's RX+ livestreaming platform allowing a wider audience to enjoy the races virtually.
"The integration of the physical event and the digital experience makes World RX a good fit into our new marketing approach, reflecting evolving ways to reach all our stakeholders in an engaging and exciting way,"
Bill Law, Head of Brand, Marketing & Communications at Volvo CE
UL | May 13, 2022
UL, a global safety science leader, announced a new partnership with InSite, a provider of building intelligence solutions that enable organizations to optimize performance of real estate assets, achieve sustainability goals and fulfill environmental, social and governance (ESG) reporting requirements.
With this partnership, InSite will provide building owners and property managers with actionable building intelligence data to complement UL's ESG advisory, sustainability and energy advisory, indoor environmental quality and field services. UL's advisory services include services such as energy and water audits, commissioning advisory services, sustainability certifications, including Leadership in Energy and Environmental Design (LEED), Building Research Establishment's Environmental Assessment Method (BREEAM), Fitwel and the WELL Building Standard.
Per the 2020 Global Status Report for Buildings and Construction by GlobalABC, buildings generate nearly 40% of annual global CO2 emissions including 28% from building operations. As part of the UL and InSite combined offering, InSite's building intelligence platform will support robust reporting and disclosure of ESG and sustainability data to key stakeholders such as GRESB. UL will leverage InSite's extensive data integration capabilities and operational insights to provide relevant advisory expertise, such as carbon accounting and net zero carbon emissions.
ESG reporting for a building encompasses a variety of environmental metrics. According to the 2020 United Nations Global Status Report for Buildings and Construction, the operations of buildings contribute to 28% of total global energy-related carbon dioxide emissions. In addition to greenhouse gas emissions, other environmental factors should be considered for ESG reporting, including energy use, water consumption, solid waste and biodiversity.
"The commercial real estate industry has prioritized formulating building performance and ESG data as well as related reporting standards as part of overall property management operations, UL's new partnership with InSite will allow us to serve customers with an end-to-end technology and advisory solution to help inform these critical business decisions, including asset allocation, property management company selection and overall investment strategies."
Sean McCrady, global director of UL's Asset and Sustainability Performance group
"We are extremely excited about our new partnership with UL and the positive impact it will have on our customers. This partnership allows us to continue monitoring and reporting building performance, sustainability and ESG data while enriching and elevating our clients' sustainability journeys with UL's industry-leading advisory," said Francis Gangemi, InSite's president.
InSite is a premier business intelligence solution for real estate owners and operators. InSite's software as a service (SaaS) platform and managed services provide innovative, data-driven insights enabling clients to achieve ESG and sustainability goals and improve building performance while reducing operating costs. InSite's cloud-based platform seamlessly integrates data from a multitude of sources and systems. Leveraging a combination of machine learning and human analytics, InSite delivers actionable intelligence for optimization of real estate operations in support of strategic objectives and regulatory compliance. Visit InSiteIntelligence.com for additional information.
UL is a global safety science leader. We deliver testing, inspection and certification (TIC), training and advisory services, risk management solutions and essential business insights to help our customers, based in more than 100 countries, achieve their safety, security and sustainability goals. We believe our deep knowledge of products and intelligence across supply chains make us the partner of choice for customers with complex challenges.