On Monday, Shares of Magna International Inc. (USA) (NYSE:MGA), gained 1.42% to $49.30.
Magna International Inc. declared that it has received the Best Product Development Performance Award from its customer Mahindra. The award was presented at Mahindra’s Supplier Conference in Warsaw, Poland, and recognizes the excellence of Cosma International, Magna’s body and chassis operating group, for the design, engineering and development of an innovative ladder frame for Mahindra’s Scorpio SUV and other vehicle platforms.
“We are thrilled to receive this award from our valued customer Mahindra, particularly because it recognizes our full product development capability,” said Swamy Kotagiri, Magna’s Chief Technical Officer. “From design and engineering to validation and production, our team stands ready to deliver.”
Mahindra awarded the complete re-engineering of the Scorpio chassis frame based on Magna’s engineering capabilities and global leadership in chassis systems. Magna has produced 24 million frames for its global customers.
Magna International Inc. develops, manufactures, engineers, supplies, and sells automotive products. It operates through North America, Europe, Asia, and Rest of World segments. The company offers body and chassis systems, and related engineering services; seating systems, counting complete seating systems, seat structures and mechanisms, and foam and trim products; interior components and systems, such as garnish and hard trim, soft trim, instrument panels and consoles, overhead systems, and door panels, in addition to powertrain systems, such as driveline systems, fluid pressure and controls, metal forming solutions, and engineering services and system integration solutions.
Shares of Koninklijke Philips NV (ADR) (NYSE:PHG), inclined 2.07% to $24.62, during its last trading session.
Philips Avent, the bottle brand most recommended by moms worldwide, has been listening, learning and innovating in partnership with parents for more than 30 years. Since its launch in 1984 with a bottle clinically proven to reduce colic in newborns, Philips Avent has expanded its product portfolio to comprise breast pumps, baby monitors and pacifiers – all with the mission to assist give babies the best start in life.
As part of its commitment to create meaningful products that deliver on real consumer needs, Philips Avent is inviting parents to assist inspire its latest pacifier design. From now through November 15, 2015, parents can visit the Philips Avent Pacifier Design Contest website and upload their designs. One design will be chosen and featured on pacifiers available for sale next year. The parent who presented the winning design will also receive a Philips Avent gift basket filled with $500 worth of goodies for their little one.
Koninklijke Philips N.V. engages in healthcare, consumer lifestyle, and lighting businesses worldwide. It provides various integrated clinical solutions, counting radiation oncology and portfolio administration; computed tomography, magnetic resonance imaging, and molecular imaging products; digital X-ray and mammography products; interventional X-ray products in cardiology, radiology, surgery, and other areas; and ultrasound products.
At the end of Monday’s trade, Shares of Tidewater Inc. (NYSE:TDW), gained 11.53% to $16.58.
Tidewater, declared that Joseph M. Bennett, Executive Vice President and Chief Investor Relations Officer, presented at the Johnson Rice 2015 Energy Conference in New Orleans, Louisiana, on Wednesday, September 30, 2015, at about 8:30 a.m. Central time.
Tidewater Inc. provides offshore service vessels and marine support services through the operation of a fleet of marine service vessels to the offshore energy industry worldwide. The company operates in Americas, Asia/Pacific, Middle East/North Africa, and Sub-Saharan Africa/Europe segments.
Finally, Wabash National Corporation (NYSE:WNC), ended its last trade with 7.71% gain, and closed at $11.32.
Wabash National Corporation, raised $360,000 for 15 community organizations at its annual charity golf outing on September 24, held in conjunction with the company’s annual Supplier Conference, which took place on September 25.
“Thanks to the commitment and generous support from our suppliers, this year’s charity golf outing was the most successful event in its history,” said Dick Giromini, president and chief executive officer. “As one of the largest employers in the Lafayette area, Wabash National is proud to support and work with local agencies to sustain and promote a promising future for our communities. Every year our suppliers prove they believe in our mission and values when they join us in our commitment to the community by making their own charitable contributions during this event.”
Laura Carson, interim CEO of the United Way of Greater Lafayette, received a check for $150,000 at a special presentation during the conference at the company’s Ehrlich Innovation Center in Lafayette.
Wabash National Corporation designs, manufactures, and markets truck and tank trailers, intermodal equipment, and transportation related products in North America. Its Commercial Trailer Products segment provides dry van trailers under the DuraPlate, DuraPlateHD, DuraPlate, XD-35, and FreightPro trademarks; platform trailers under the Transcraft, Eagle, and Benson trademarks; refrigerated trailers under the ArcticLite trademark; and specialty products, such as converter dollies, big tire haulers, Roadrailer trailers, rail products, aftermarket component products, parts, and others, in addition to used trailers and laminated hard wood oak products.
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