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...offered as an add-on module for the electric heating (high-voltage heater) and the electric air conditioning compressor, the heat pump utilises both the heat from the ambient air and the heat given off by the drive system components. In this way the high-voltage heater’s consumption of electric power is significantly reduced. Through use of the heat pump the e-Golf’s range increases in winter by up to 20 per cent.

1 – An Aeromexico jet crashed just after taking off in Durango, Mexico after being hit by a strong burst of wind and hail. Terrified passengers scrambled to flee the plane when it burst into flames but all 103 people on board survived.

Sutor Technology Group has a beta of 7.58, suggesting that its share price is 658% more volatile than the S&P 500. Comparatively, Insteel Industries has a beta of 2.19, suggesting that its share price is 119% more volatile than the S&P 500.

13 – Virgin Galactic’s tourism spaceship climbs more than 80 kilometres high above California’s Mojave Desert, reaching for the first time what the company considers the boundary of space. The rocket ship reached an altitude of 82 kilometres before beginning its gliding descent and landed on a runway minutes later.

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Insteel Industries, Inc., together with its subsidiaries, manufactures and markets steel wire reinforcing products for concrete construction applications. The company offers pre-stressed concrete strand (PC strand) and welded wire reinforcement (WWR) products. Its PC strand is a seven-wire strand that is used to impart compression forces into precast concrete elements and structures providing reinforcement for bridges, parking decks, buildings, and other concrete structures. The company's WWR engineered reinforcing product is used in nonresidential and residential construction. It produces a range of WWR products, such as engineered structural mesh, an engineered made-to-order product that is used as the primary reinforcement for concrete elements or structures serving as a reinforcing solution for hot-rolled rebar; concrete pipe reinforcement, an engineered made-to-order product that is used as the primary reinforcement in concrete pipe, box culverts, and precast manholes for drainage and sewage systems, water treatment facilities, and other related applications; and standard welded wire reinforcement, a secondary reinforcing product for crack control applications in residential and light nonresidential construction, including driveways, sidewalks, and various slab-on-grade applications. The company sells its products through sales representatives to the manufacturers of concrete products, distributors, rebar fabricators, and contractors primarily in the United States, as well as in Canada, Mexico, and Central and South America. Insteel Industries, Inc. was founded in 1953 and is headquartered in Mount Airy, North Carolina.

12 – Prince Edward Island announced it was scrapping a controversial business immigration program that prompted federal investigations alleging hundreds of applicants never actually settled on the Island.

Following successful piloting and continued positive economics, the next step toward commercialization could be the construction of a demonstration unit. The time required to design, procure, construct and commission a demonstration unit could be two years or longer. In this interim period, to support the overall program, fine-tune the economics and further reduce risk, it is recommended that the pilot-plant program and other key development activities continue. Even a scaled-back R&D program can reinforce the underlying basic assumptions used in the go-forward decision.

Each technology has a unique pathway from concept to commercialization. Developing a new chemical process can be one of the most rewarding experiences in one’s chemical engineering career. It demands a committed team effort, hard work, innovative thinking, good timing and a bit of luck. ■

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NYSE TX traded up $1.11 during trading on Thursday, hitting $28.20. The company’s stock had a trading volume of 553,438 shares, compared to its average volume of 381,067. The company has a market cap of $5.43 billion, a P/E ratio of 6.25, a P/E/G ratio of 0.71 and a beta of 0.82. The company has a quick ratio of 0.86, a current ratio of 2.01 and a debt-to-equity ratio of 0.26. Ternium has a 52 week low of $25.52 and a 52 week high of $42.43.

With SmartSteel 1.0, SSAB is one step closer to the vision of having all data available in the cloud ‒...

VOESTALPINE AG/ADR is scheduled to release their next quarterly earnings announcement on Thursday, February 14th 2019. View Earnings Estimates for VOESTALPINE AG/ADR.

Of the roughly $39 billion VW says it will invest in future tech by 2022, around $1.4 billion will go to the Zwickau plant in Germany, where the first ever MEB model—the Volkswagen I.D. four-door compact car—will go into production in late 2019 as the facility begins its transition from internal combustion engine vehicles to fully electric and fully MEB by the end of 2020. Annual volume of MEB-based electric cars out of Zwickau is expected be a staggering 330,000 vehicles per year. (For some context: In 2015, BMW’s South Carolina plant—which builds nearly all the SUVs that BMW sells globally—made about 400,000 cars. In other words, VW’s output of EVs is going to be huge, a gamble as big as the investment itself.)


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