On May 30, 2019, President Trump indicated new tariffs will be imposed upon any and all material imported into the United States from Mexico, without exception.
FREMONT, Calif., June 3, 2019 /PRNewswire/ — Delta Electronics, Inc., a global provider of power and thermal management solutions, today announced it has closed the acquisition of Amerlux LLC, a U.S.-based LED architectural lighting solutions company. Under the terms of the transaction, Delta Electronics (Netherlands) B.V., a wholly-owned subsidiary of Delta, acquired 100% of Amerlux’s interests. TheRead more
Signify starts share repurchase program of up to 240,000 shares to cover performance share plans Eindhoven, the Netherlands – Signify (LIGHT.NX), the world leader in lighting, today announced the start of a program to repurchase up to 240,000 of its shares. Signify will use the shares to cover obligations arising from its long-term incentive performance share plan andRead more
MANITOWOC, Wis., June 04, 2019 (GLOBE NEWSWIRE) — Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of enterprise-grade LED lighting and energy project solutions, today reported results for its FY 2019 fourth quarter (Q4’19) and fiscal year ended March 31, 2019 (FY’19). Orion will hold an investor call today at 10:00 a.m. ET (9:00 a.m. CT)Read more
EdisonReport can confirm there were more layoffs last week at Current by GE Lighting, which was recently sold to private equity firm American Industrial Partners. The majority of the job eliminations occurred in their Global Operations group in Cincinnati. A second source indicated that some of those Cincinnati jobs may move to NELA Park. Developing…
Michael’s Lighting isn’t a household name. You won’t find its work in the lighting department of your local hardware store. But, if you’ve been in the airport in Minneapolis or the Mall of America lately, there’s a good chance you’ve seen its handiwork.
Effective 10 JUN, the administration will implement a 5% tariff across the board on all products brought in from Mexico. The tariffs will increase “until the ongoing illegal immigration surge at the Southern border is remedied,…at which time the Tariffs will be removed.” The tariff will hike to 10% on 1 JUL, 15% on 1Read more
The very respectable Electrical Wholesaling published an article entitled Five Trends Spotted at LIGHTFAIR 2019. The 5th trend was that “Philadelphia has become a popular venue for lighting and electrical industry events.” The writer, Jim Lucy, concluded, “…my congratulations go out to the folks at Lightfair. They definitely put on another good show.” As weRead more
February 11 – 13, 2020 San Diego Convention Center | San Diego, CA Call for Abstracts Deadline: June 5, 2019 We’re looking for the best and brightest in the industry to share creative ideas, insights and expertise on the latest developments impacting the future of light. Known for providing the highest level of excellence inRead more
Yes. In June of 2011, EdisonReport published a price increase letter from GE Lighting announcing a 25% increase in the price for fluorescent lamps due to a shortage of rare earth elements. This was a bold and drastic step, but at that time rare earth minerals pricing was skyrocketing with very limited supply. All phosphorsRead more