Power tools
Follow Power tools on Notably News to receive short updates to your email — rarely!
We include updates on Panasonic, John Deere, Hitachi, Stanley Black & Decker, DeWalt, Emerson Electric, Husqvarna Group, Techtronic Industries, Hilti, Makita, Ryobi, Black+Decker, Milwaukee Tool, Hydraulic rescue tool, Jackhammer, Metabo ... and more.
June 2024 | Hitachi became the fourth largest company in Japan by market capitalisation, reflecting significant improvement in profitability since 2010. |
January 2024 |
Power tool
California implements a ban on petrol-powered tools in the first quarter (Q1), marking a significant regulatory change in power tool usage aimed at reducing environmental and health impacts.
|
2023 | Panasonic introduces 'Make New' slogan for the Japanese market. |
2023 | Hitachi Metals was renamed following the complete divestment by Hitachi. |
2023 | Milwaukee Tool ranked No. 63 in Fast Company's Best Workplaces for Innovators |
2023 | After investigations, Milwaukee Tool discovered multiple instances of counterfeit gloves bearing their brand name being manufactured in China, leading to cutting ties with the specific manufacturer in question. |
2023 | U.S. lawmakers at the Congressional-Executive Commission on China questioned Milwaukee Tool over allegations of potential forced Uyghur labor used in work glove manufacturing by its suppliers. |
November 1 2023 | Hitachi spins off Hitachi Vantara LLC's digital solutions business into a new company called Hitachi Digital Services, with Hitachi Vantara now focusing on storage and hybrid cloud-centric data infrastructure services. |
2022 | Panasonic adopts two new global slogans: 'Live Your Best' and 'Create Today. Enrich Tomorrow'. |
2022 | The company invested $206 million in Wisconsin research and development facilities, demonstrating a significant commitment to innovation and local infrastructure. |
2022 | Milwaukee Tool broadened their focus by expanding the Packout system to include workshop storage solutions, further developing their innovative storage product line. |
2022 | Milwaukee Tool recognized by Crain's Chicago Business as one of the Best Places to Work |
2022 | Milwaukee Tool opened a 95,000-square-foot manufacturing facility in West Bend, Wisconsin, dedicated to hand tool production, specifically focusing on manufacturing pliers and screwdrivers. The facility also includes the company's right of first refusal to purchase additional adjacent land for potential future expansion. |
2022 | Milwaukee Tool further advanced to No. 25 in Glassdoor's Employees' Choice Awards for Best Places to Work |
December 2022 | Hitachi completed the acquisition of the remaining 19.9% of ABB's power grid business, fully integrating the power grid operations and becoming a major supplier of high-voltage direct current transmission systems. |
December 13 2022 | Panasonic Energy Co., Ltd. and Lucid Group, Inc. entered into multi-year agreements to supply batteries for Lucid's electric vehicles. |
November 2022 | Construction of Panasonic's battery plant in Kansas began. |
August 2022 | Hitachi sold half of its shares in Hitachi Construction Machinery to HCIJ Holdings, a joint venture between Itochu and Japan Industrial Partners, reducing its ownership from 51% to 25.4%. |
June 2022 | Panasonic reportedly sold its entire stake in Tesla for $3.6 billion. |
April 1 2022 | Company undergoes major reorganization, splitting into Panasonic Holdings Corporation and converting divisions into subsidiaries, with the Lifestyle Updates Business Division retaining the Panasonic Corporation name. |
February 2022 | According to the Wall Street Journal, Panasonic successfully reduced its highest-emitting Chinese factory to 'virtually net zero' carbon dioxide emissions. |
2021 | Fumio Ĺtsubo concludes his chairmanship of Panasonic. |
2021 | Panasonic debuted the EverVolt 2.0 energy storage system rated for outdoor use. |
2021 | The company transitioned its solar panel manufacturing to OEMs to focus on offering a wider range of products. |
2021 | WIPO ranked Panasonic 10th globally in patent applications, publishing 1,611 patents under the PCT System, an improvement from its 12th place ranking in 2019 with 1,567 applications. |
2021 | Hitachi sold all of its shares in Hitachi Metals, marking the end of its ownership of the subsidiary that supplied materials for aerospace, automotive, and electronics industries. |
2021 | Hitachi acquires GlobalLogic, a digital services company, for US$9.6 billion to strengthen its software development capabilities and support its Lumada strategy. |
2021 | Milwaukee Tool improved its ranking to No. 44 in Glassdoor's Employees' Choice Awards for Best Places to Work |
December 2021 | OPG selected GE-Hitachi to construct two BWRX-300 reactors at the Darlington site in Ontario, Canada, with plans to enter operation in 2028. |
October 2021 | Hitachi-ABB Power Grids was rebranded as HitachiEnergy. |
April 2021 | Kazuhiro Tsuga transitions from President and CEO to Chairman of Panasonic. |
March 2021 | Panasonic announced plans to buy Blue Yonder for $6.45 billion, considered one of its biggest deals since 2011. |
2020 | Published 1,611 patent applications under the PCT System, improving global ranking to 10th place. |
2020 | Panasonic founded Prime Planet Energy & Solutions Inc. (PPES), a joint venture with Toyota for electric vehicle battery production, with Panasonic owning 49% of the venture. This collaboration came after Panasonic's exclusive battery supply to Tesla was diminished due to market changes and Tesla's in-house battery cell development. |
2020 | European Patent Office research revealed Panasonic was the second-highest filer of battery-related patents from 2000 to 2018. |
2020 | Panasonic joined WIPO GREEN as an official partner to address climate change efforts. |
2020 | Milwaukee Tool ranked No. 60 in Glassdoor's Employees' Choice Awards for Best Places to Work |
2020 |
Power tool
Bosch initiated the 'Power For All Alliance', bringing together brands Gardena, Gloria, Wagner, and Rapid for a shared battery system focused on consumer tools in Bosch Home & Garden and Home Appliances lines.
|
December 2020 | Hitachi sold a 60% stake in its overseas home appliance business to Turkish company Arcelik for US$300 million. |
November 2020 | Hitachi announced plans to detach Hitachi Metals and Hitachi Construction Machinery from the group as part of a restructuring strategy. |
November 19 2020 | Panasonic announced a restructuring plan to spin off domain companies and transform into a holding company named Panasonic Holdings Corporation. |
September 2020 | Hitachi Capital agreed to be acquired by Mitsubishi UFJ Lease, its second-largest shareholder and former business rival. |
September 2020 | Hitachi abandoned plans to create nuclear power plants in Gloucestershire and Wales due to funding issues caused by COVID-19 pandemic impact. |
July 2020 | Hitachi acquired 80.1% of ABB's power grid business for 740 billion yen (US$68.5 billion), marking a significant expansion in the green energy and mobility sector. |
March 2020 | Panasonic reduced its staff from around 330,000 to approximately 260,000 employees. |
March 2020 | Hitachi introduced an improved version of the L0 Series SCMaglev rolling stock, marking the first magnetically levitated train manufactured by the company. |
January 2020 | Prime Life Technologies Corporation was established as a joint venture between Toyota and Panasonic, combining their housing businesses including Toyota Housing, Misawa Homes, and Panasonic Homes. |
2019 | Panasonic sold its semiconductors and security systems businesses, and decided to exit the liquid-crystal display panel business by 2021. |
2019 | Ranked 12th globally in patent applications published under the PCT System with 1,567 applications. |
2019 | Panasonic introduced its EverVolt brand of solar and battery storage products. |
We are only showing the most recent entries for this topic. |
This contents of the box above is based on material from the Wikipedia articles Power tool, Milwaukee Tool, Panasonic & Hitachi, which are released under the Creative Commons Attribution-ShareAlike 4.0 International License.