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#Thyssenkrupp last month flagged a marked deterioration in the steel market, adding optimistic assumptions had been dampened by a mix of economic weakness in Germany and other markets as well as higher raw materials and energy costs. https://lnkd.in/gBzujT5N #thyssenkrupp #steelindustry #economictrends #germany

Quarter after quarter, Air Liquide is delivering on its strategic plan ADVANCE for 2025 and our 2024 first quarter proves it again. Take our investment backlog at the end of this year’s first quarter. At a high level of 4.1 billion euros, it is highly diversified with more than 80 big projects well balanced among activities and geographies. Paving the way for future growth, this backlog is clearly fuelled by projects supporting #decarbonization of the industry and #electronics, which are key priorities and growth drivers of ADVANCE. Thanks to projects such as our hydrogen electrolyzer project Air Liquide Normand’Hy, Large Industries projects account for 45% of our total backlog. As for projects for clients in the Electronics sector, they represent 36% of it. #ADVANCE is also about continuously delivering stronger operational performance. During the first quarter of 2024, our Group delivered an additional 112 million euros of efficiencies - an increase of 22% compared to the same period last year - and kept actively managing prices in its Industrial Merchant business line as well as managing its portfolio of activities. All this will contribute to increasing our operational margin by + 320 basis points over the 2022-2025 duration of ADVANCE. An ambition which, as a reminder 😉, we doubled at the beginning of the year, halfway through our strategic plan. I am proud to be able to say that the finance teams actively contribute to these achievements. As Air Liquide published solid figures for the first quarter this morning, I would like to warmly thank them for their unwavering commitment. 🙏 Francois Descrozailles Jean-Michel HAMON Isabelle Lenfant (Pinault) Jacques Molgo Patrick RENARD Aude Rodriguez Pierre-Marie Valton Séverine Adami Nicolas BASTIEN Alain Le Borgne Jean-Francois Nicolas Claire TURGIS Andrew Reynolds Thierry Roche Isabelle Fouquet

GROWTH ENGINE: Cummins Inc. has recorded second-quarter revenues of $8.6bn - 31% higher than Q2 2022. The US off-highway engine and linked technology solutions giant's North American sales increased 31%, and international revenues increased 32% due to the addition of Meritor and strong demand across most global markets. Based on its current forecast, Cummins is maintaining its full-year 2023 revenue guidance to be up 15 to 20% due to strong demand across most markets, especially North America. EBITDA is still expected to be in the range of 15 to 15.7% of sales. "Strong demand across most of our key markets and regions resulted in record revenues and solid profitability for the company in the second quarter of 2023," said Jennifer Rumsey, Cummins chair and CEO. "We are committed to delivering cycle-over-cycle improvement in financial performance, returning cash to our shareholders and prioritising investments to continue building our product portfolio to power our customers' success around the world. I want to thank our Cummins employees who continue to work tirelessly to meet customer needs and respond to the strong demand levels by ensuring quality products, strengthening our customer relationships, and navigating continued supply chain constraints." #offhighway #engines #technology

🌐Achieving connected supply chains is a key priority for thyssenkrupp Steel Europe, the leading global steel supplier. In this video, Head of Land Transport Torben Beyhoff tells us which transportation processes they believe are most critical when it comes to automating in the very near future. This year’s Transportation Pulse Report is packed with must-know insights and highly credible contributions that make for essential reading as 2024 sets in. Get your copy now: https://ow.ly/2cOH30szPgn hashtag#LogisticsTrends hashtag#SupplyChainInsights hashtag#PulseReport2024

#TuesdayReads 📰 In today’s dynamic manufacturing landscape, efficiency and quality are non-negotiable. ALTURE Optimize, powered by data and optimized by Atlas Copco, empowers manufacturers to drive production efficiency like never before. 📈Learn more ➡️ https://bit.ly/3JdioRT #ManufacturingExcellence #QualityAssurance #ProductionOptimization

Jaycee TMTL: The backbone of your business. Redefining trust, reliability, and strength with an uninterrupted power supply.. #Jayceepower #Jaycee #dieselgensets #manufacturing #energysolutions #Jayceegensets #Jayceegenerators #dieselgensets #manufacturing #energysolutions #JayceeFamily #IndiaKaEngine #Jayceegensets #silentgensets #Jayceegenerators #neighbourhoodfriend

According to the recent “Value of Reliability” survey from #ABB, over two-thirds of industrial businesses experience unplanned #outages at least once a month, costing the typical business* close to $125,000 USD per hour. But this cost could go even higher for some of the industries like Energy and Power or Plastic and Rubber. https://lnkd.in/e7K_ZEp9 Read the survey white paper to discover more on the Industry’s perspective on #maintenance and #reliability. #ABBMotionServices

According to the recent “Value of Reliability” survey from #ABB, over two-thirds of industrial businesses experience unplanned #outages at least once a month, costing the typical business* close to $125,000 USD per hour. But this cost could go even higher for some of the industries like Energy and Power or Plastic and Rubber. https://lnkd.in/e7K_ZEp9 Read the survey white paper to discover more on the Industry’s perspective on #maintenance and #reliability. #ABBMotionServices

According to the recent “Value of Reliability” survey from #ABB, over two-thirds of industrial businesses experience unplanned #outages at least once a month, costing the typical business* close to $125,000 USD per hour. But this cost could go even higher for some of the industries like Energy and Power or Plastic and Rubber. https://lnkd.in/e7K_ZEp9 Read the survey white paper to discover more on the Industry’s perspective on #maintenance and #reliability. #ABBMotionServices

According to the recent “Value of Reliability” survey from #ABB, over two-thirds of industrial businesses experience unplanned #outages at least once a month, costing the typical business* close to $125,000 USD per hour. But this cost could go even higher for some of the industries like Energy and Power or Plastic and Rubber. https://lnkd.in/e7K_ZEp9 Read the survey white paper to discover more on the Industry’s perspective on #maintenance and #reliability. #ABBMotionServices