From links on the right Joris Rome (Indufin), Bob Cornelis (B-Source), Peter Manet (Yontec), Davy Jonckers (CEO Yontec), Jean-François Vryens (Indufin). — © rr
Maintenance
Hasselt –
Yontec, the specialist in industrial maintenance, has acquired its industry colleague B-Source in Aalst. The acquisition offers Yontec the opportunity to expand its geographic reach.
Yontec specializes in the maintenance of industrial installations and currently has offices in Hasselt, Leuven and Herentals. From there, highly trained technicians travel every day to customers such as Soudal, Punch, DHL, Bosch, ABB and many others.
This will soon also include Aalst, thanks to the takeover of sector colleague B-Source. “This acquisition is a crucial step in Yontec’s strategy to further expand its position in the market, initially throughout Flanders, but also in Brussels, the Netherlands, Wallonia and Luxembourg,” it said in a press release.
CEO Davy Jonckers of Yontec emphasizes that the integration of B-Source is a strategic move that significantly increases capacity and geographical spread. “This regional presence is very important to be close to our customers and employees and to offer our services as quickly and efficiently as possible,” Jonckers explains. “The integration of B-Source within Yontec will take place gradually, with respect for corporate cultures and existing operational structures.”
Yontec currently has more than 200 employees and after the takeover a turnover of 22 million euros will be achieved.
(gc)
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By more than doubling… Huawei achieves profits amounting to $12 billion
2024-03-29T10:00:01+00:00
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/ Chinese telecommunications equipment company Huawei Technologies announced that its profits more than doubled last year as its cloud and digital businesses flourished despite US sanctions.
The Shenzhen, China-based company reported a 114 percent jump in net profits to 87 billion yuan ($12 billion), supported by strong sales and an improved product portfolio. Revenue jumped nearly 10 percent from a year earlier, to 704.2 billion yuan (about $97.5 billion).
The Chinese telecom company returned to the smartphone market in 2023 with the limited release of the Mate 60 Pro in China in late August. Reviews of the device indicated that it offered download speeds associated with the 5G network – thanks to the advanced semiconductor chip. This is despite US restrictions since 2019 on Huawei’s ability to access advanced technology from American suppliers.
The new Mate 60 Pro phones helped boost Huawei’s sales in China. In the fourth quarter, Huawei smartphone shipments in the country rose by 47 percent, compared to last year, putting the company in fourth place in terms of market share, ahead of Xiaomi, according to Canalys, which indicated that Apple maintained first place on the basis of annual.
Huawei’s revenue grew 0.9 percent to 642.3 billion yuan in 2022, as the company stabilized its business in a difficult year after sales fell more than 28 percent in 2021. Net profit in 2022 fell by 69 percent, the largest decline on record. .
For his part, Ken Hu, Huawei’s rotating president, said that the company’s numbers are in line with expectations.
“We’ve been through a lot over the past few years. But through challenge after challenge, we’ve been able to grow,” Ho said.
Huawei also said it benefited from “gains from sales of some companies.” It did not specify which companies were sold.
Huawei, one of China’s top global technology brands, has been embroiled in tensions between China and the United States over technology and security.
The United States has banned American companies from doing business with Huawei, cutting off its access to computer chips and software such as Google services for its smartphones and preventing it from selling its telecommunications equipment to US customers.
Washington says Huawei poses a threat to US national security. While Huawei strongly denies this.
Huawei has refocused its business on cloud computing services and helping industries shift to more digital operations.
Its revenue from its cloud computing business grew nearly 22 percent year-on-year in 2023 to 55.3 billion yuan ($7.7 billion).
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By more than doubling… Huawei achieves profits amounting to $12 billion
Gold prices slide amid uncertainty over US interest rate policy – CNBC Indonesia
Jakarta, CNBC Indonesia – Gold prices again slipped into the red zone. Gold prices are very volatile amid uncertainty about the interest rate policy of the central bank of the United States (USA), The Federal Reverse (The Fed).
In trading on Tuesday (7/5/2024) the price of gold on the spot market closed with a decrease of 0.46% at $2,312.79 per troy ounce.
Gold prices have been very volatile in the last three days. The price of the precious metal weakened on Friday last week but then went up 0.96% on Monday before falling again on Tuesday.
Meanwhile, as of 06.00 WIB Wednesday (8/5/2024), the price of gold on the spot market rose 0.08% to US$2,314.61 per troy ounce.
Gold prices fell in trading on Tuesday as market players remained focused on lowering interest rates from the central bank of the United States (US), The Federal Reserve (The Fed).
Richmond Fed President Thomas Barkin said Monday (6/5/2024) that monetary policy is currently tight enough to bring inflation within the Fed’s annual target of 2%, and will relative strength in the labor market enough room for the bank. wait for this to happen.
New York Fed President John Williams also said that current financial conditions are sufficient to reduce inflation.
This week, several central bank officials will also make speeches, to provide guidance for the Fed’s interest rate policy.
Inflation remains the biggest challenge for the Fed as it considers rate cuts, as price pressures rose more than expected through the first quarter of 2024 and remain well above target the Fed’s annual rate of 2%.
According to CME’s FedWatch Tool, market players in the federal funds futures market believe there is about a two-thirds chance the US central bank will cut interest rates next September.
Lower interest rates can be attractive to gold bullion which provides more attractive returns.
Meanwhile, China’s central bank continued to accumulate gold for 18 consecutive months, with China adding 60,000 troy ounces to its reserves even though gold prices remained at high levels.
CNBC Indonesia Research
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2024-05-07 23:40:00
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Gold prices slide amid uncertainty over US interest rate policy – CNBC Indonesia