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NORTHAMPTON, MA / ACCESSWIRE / September 17, 2024 / Electric vehicles (EVs) use four times more copper than conventional vehicles. The Resolution Copper Project has enough copper to manufacture almost 220 million EVs, or about half the global supply, by 2040. At 1.3 miles underground, getting to that copper safely and sustainably is the top priority for the Resolution Copper Project.
This project is a joint venture between mining giants Rio Tinto and BHP. These companies identified a copper deposit in the southeastern U.S. large enough to potentially to supply nearly 25% of US copper demand.
Rockwell Automation (NYSE: ROK) has a variety of options to help customers achieve sustainability goals- from visibility into current state to hardware that reduces energy use to software that identifies opportunities for optimization.
For Resolution Copper Mining, Rockwell targeted reducing energy use by implementing variable speed drives and increasing worker safety with distributed control. Since switching to variable frequency drives as part of its initial ventilation and chilling system upgrades in July 2023, Resolution Copper has seen a 5% increase in system efficiency and a 10% decrease in utility costs. That energy reduction equals about $1 million a year, a savings that Resolution Copper plans to allocate toward other sustainability initiatives.
Learn more about how Rockwell is helping Resolution Copper achieve substantial energy savings and increased system efficiency.
View additional multimedia and more ESG storytelling from Rockwell Automation on 3blmedia.com.
Contact Info: Spokesperson: Rockwell Automation Website: https://www.3blmedia.com/profiles/rockwell-automation Email: info@3blmedia.com
SOURCE: Rockwell Automation
View the original press release on accesswire.comNEW DELHI, Sept 10 (Reuters) - Electronic components maker Jabil JBL.N will set up a manufacturing plant in India's southern state of Tamil Nadu with an investment of about 20 billion rupees ($238.2 million), the state's industries minister said on Tuesday.
U.S.-based Jabil, a supplier to Apple AAPL.O, will base its plant near the city of Trichy as part of an agreement signed in Chicago that will create close to 5,000 jobs, Tamil Nadu Minister T R B Rajaa said on social media site X.
"India is emerging as a key manufacturing hub," said Matt Crowley, executive vice president for global business units at Jabil.
"Our expansion in India will enable Jabil to meet and grow with the future needs of our customers and complement our existing facility in Pune," he added, referring to the Western Indian city.
Tamil Nadu has also signed an agreement with Rockwell Automation ROK.N worth 6.66 billion rupees to expand the automation products maker's manufacturing in the Indian state, and another agreement of undisclosed value with Autodesk ADSK.O, Chief Minister M K Stalin said.
Rockwell and Autodesk did not immediately respond to requests for comment.
($1 = 83.9640 Indian rupees)
(Reporting by Pushkala Aripaka; Editing by Jamie Freed)
(( Pushkala.A@thomsonreuters.com ; X and LinkedIn: @pullthekart;))
Keywords: JABIL-INDIA/PLANT
PR Newswire
BRUSSELS, Sept. 10, 2024
BRUSSELS, Sept. 10, 2024 /PRNewswire/ -- Rockwell Automation, Inc. (NYSE: ROK), the world's largest company dedicated to industrial automation and digital transformation, builds on its industry-leading safety technology portfolio with the launch of Logix SIS, a cutting-edge safety instrumented system (SIS) designed to address the evolving needs of modern industrial environments.
Safety instrumented systems provide safety, helping protect people, places and critical control assets. These solutions must meet process safety standards that are as varied as each environment, all while being compliant across each certifying entity.
The introduction of the Logix SIS provides a modern and integrated safety solution, offering SIL 2 and SIL 3 certifications for enhanced process and hybrid safety. Certification of Logix SIS was performed independently by TÜV Rheinland. Logix SIS provides all components of a safety instrumented system including the process logic-solver and I/O. The system is engineered to provide high availability with the latest 1756 controller, FLEX 5000® I/O platform and Studio 5000 Logix Designer® application for an integrated user experience.
"Logix SIS represents a significant step forward, offering exceptional flexibility for process and hybrid safety applications while leveraging our proven hardware to target the highest safety levels," said Dan DeYoung, vice president, product management, Rockwell Automation. "Its intuitive interface, consistent with our other solutions, minimizes complexity and empowers partners to deliver high-level safety solutions."
Capabilities of Logix SIS:
Logix SIS will be available in September 2024. Attendees at Automation Fair® 2024 in Anaheim, California will have an exclusive opportunity to witness the system in action.
About Rockwell Automation
Rockwell Automation, Inc. (NYSE: ROK), is a global leader in industrial automation and digital transformation. We connect the imaginations of people with the potential of technology to expand what is humanly possible, making the world more productive and more sustainable. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs approximately 29,000 problem solvers dedicated to our customers in more than 100 countries. To learn more about how we are bringing the Connected Enterprise® to life across industrial enterprises, visit www.rockwellautomation.com.
Logo - https://mma.prnewswire.com/media/1981317/Rockwell_Automation_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/rockwell-automation-revolutionizes-safety-with-launch-of-logix-sis-302237856.htmlSept 5 (Reuters) - Rockwell Automation Inc ROK.N:
ROCKWELL AUTOMATION BOARD OF DIRECTORS APPROVES $1 BILLION FOR COMMON STOCK REPURCHASE
Source text for Eikon: (Full Story)
Further company coverage: ROK.N
PR Newswire
MILTON KEYNES, England, Sept. 4, 2024
After two years of design and manufacture, the new plant is now operational and provides a strong foundation for further expansion of this facility to support the world's challenges with electronic waste.
MILTON KEYNES, England, Sept. 4, 2024 /PRNewswire/ -- Rockwell Automation, Inc. (NYSE: ROK), the world's largest company dedicated to industrial automation and digital transformation, is proud to support The Royal Mint's Precious Metals Recovery facility – which uses the PlantPAx® DCS (distributed control system) to manage and control the gold extraction process.
The deployment of the PlantPAx® DCS at The Royal Mint's facility in Llantrisant, Wales, is the most recent chapter in a successful 15-year working relationship between Rockwell Automation and The Royal Mint. The system is used to monitor and control a chemical extraction process that can recover gold from waste printed circuit board equipment. The extraction technology, which was only at lab scale a few years ago, has been successfully scaled and is now operational at its site in Llantrisant.
"It's incredibly exciting to see new technology taking huge strides like this," said Phil Hadfield, UK managing director at Rockwell Automation. "With e-waste being a major sustainability challenge across the globe, technologies like this are essential towards carbon reduction and material re-use."
According to Statista, electronic waste is one of the world's fastest-growing waste streams. With 62 million metric tons generated across the world in 2022, the volume of discarded electronic material has nearly doubled since 2010. With e-waste generation forecast to exceed 80 million metric tons by 2030, improved recycling and recovery infrastructure will be needed.
Tony Baker, director of manufacturing innovation at The Royal Mint, said: "The successful collaboration with Rockwell Automation and the deployment of its DCS solution allowed us to demonstrate the technical viability of the technology to operate at scale. This puts us firmly on the road to our 4,000-ton per annum target, and discussions are already well underway with regards to usage of the recovered materials, as are the plans to expand the technology further."
About Rockwell AutomationRockwell Automation, Inc. (NYSE: ROK), is a global leader in industrial automation and digital transformation. We connect the imaginations of people with the potential of technology to expand what is humanly possible, making the world more productive and more sustainable. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs approximately 29,000 problem solvers dedicated to our customers in more than 100 countries. To learn more about how we are bringing Connected Enterprise to life across industrial enterprises, visit www.rockwellautomation.com.
About The Royal Mint
With a history spanning more than 1,100 years, The Royal Mint is one of Britain's oldest companies and the original maker of UK coins. Today The Royal Mint is a premium British maker, providing carefully crafted coins and precious metal products for the UK and overseas.
Logo - https://mma.prnewswire.com/media/1981317/Rockwell_Automation_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/rockwell-automation-announces-plantpax-dcs-helps-the-royal-mint-process-with-its-new-e-waste-electronics-precious-metal-recovery-facility-in-llantrisant-302226512.htmlRockwell Automation, Inc. , headquartered in Milwaukee, Wisconsin, provides industrial automation and digital transformation solutions. Valued at $30.9 billion by market cap, the company offers products such as control systems, motor control devices, sensors, and industrial control panels.
Shares of this largest pure-play automation company have underperformed the broader market considerably over the past year. ROK has declined 11.6% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 27.5%. In 2024, ROK stock is down 13.7%, while SPX is up 17.8% on a YTD basis.
Narrowing the focus, ROK has also lagged behind the Vanguard Industrials Index Fund ETF Shares . The exchange-traded fund has gained about 22.5% over the past year. Moreover, the ETF’s 13.1% gains on a YTD basis outshine the stock’s losses over the same time frame.
On Aug. 7, ROK stock closed down marginally after reporting its Q3 earnings results. Its adjusted EPS of $2.71 exceeded Wall Street expectations of $2.11. The company’s revenue was $2.05 billion, topping Wall Street forecasts of $2.02 billion. ROK updated its full-year guidance and expects adjusted EPS to be $9.60.
For the current fiscal year, ending in September, analysts expect ROK’s EPS to decline 20.3% annually to $9.66 on a diluted basis. The company’s earnings surprise history is mixed. It beat the consensus estimate in three of the last four quarters while missing the forecast on another occasion.
Among the 20 analysts covering ROK stock, the consensus is a “Hold.” That’s based on five “Strong Buy” ratings, 11 “Holds,” and four “Strong Sells.”
The configuration has been stable over the past months.
On Aug. 25, Wells Fargo & Company analyst Joe O’Dea maintained a “Buy” rating on ROK with a price target of $293, implying a potential upside of 9.3% from current levels.
While ROK currently trades above its mean price target of $262.94, the Street-high price target of $294 suggests an upside potential of 9.7%.
On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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