Germany Sets Yearly Solar Power Record

With more than two months to go in 2020, the amount of photovoltaic energy produced has already exceeded that in 2019.

BERLIN, Oct. 27, 2020 /CNW/ — (GTAI) – German energy provider Eon says that since the beginning of the year solar energy facilities have fed some 43 billion kilowatt hours of electricity into the national grid. That’s already around one billion kilowatt hours more than in all of 2019 and enough to cover the electricity needs of all private households in Germany twofold.

Eon added that all told renewable sources have been responsible for 195 billion kilowatt hours of energy fed into the grid thus far in 2020. The figure represents an increase of four percent over January to October 2019.

Germany’s prestigious Fraunhofer Institute for Solar Energy Systems (ISE) has also calculated that 2020 will be a record year for renewable energy in Germany. The institute says that from January through October renewables accounted for 52.5 percent of net public electricity production. In 2019, green power sources contributed 46 percent.

“These record achievements – together with recent commitments to green hydrogen and even more renewable energy production – are the cornerstones of the new ecological infrastructure that Germany will be building over the next decade,” says Germany Trade & Invest (GTAI) energy expert Tobias Rothacher. “We see a steady flow of innovative green industry players entering Germany as a manufacturing base to take advantage of the excellent market outlook here.”

Contact:
Jefferson Chase
Senior Manager
Corporate Communications

GERMANY TRADE & INVEST 
Follow us Twitter | LinkedIn | Xing | YouTube

T +49 30 200 099 170
jefferson.chase@gtai.com 
www.gtai.com

Germany Trade & Invest (GTAI) is the economic development agency of the Federal Republic of Germany. GTAI supports German companies setting up in foreign markets, promotes Germany as a business location and assists foreign companies setting up in Germany.

 

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SOURCE Germany Trade & Invest

Albemarle Corporation Announces Dividend

CHARLOTTE, N.C., Oct. 27, 2020 /PRNewswire/ — The Board of Directors of Albemarle Corporation (NYSE: ALB) announces that it has declared a quarterly dividend of $0.385 per share. The dividend, which has an annualized rate of $1.54, is payable Jan. 4, 2021, to shareholders of record at the close of business as of Dec. 11, 2020.

About Albemarle Corporation

Albemarle Corporation (NYSE: ALB), headquartered in Charlotte, N.C., is a global specialty chemicals company with leading positions in lithium, bromine and refining catalysts. We think beyond business-as-usual to power the potential of companies in many of the world’s largest and most critical industries, such as energy, electronics, and transportation. We actively pursue a sustainable approach to managing our diverse global footprint of world-class resources. In conjunction with our highly experienced and talented global teams, our deep-seated values, and our collaborative customer relationships, we create value-added and performance-based solutions that enable a safer and more sustainable future.

We regularly post information to www.albemarle.com, including notification of events, news, financial performance, investor presentations and webcasts, non-GAAP reconciliations, SEC filings and other information regarding our company, its businesses and the markets it serves.

Forward-Looking Statements

Some of the information presented in this press release, including, without limitation, information related to future dividends and results, and all other information relating to matters that are not historical facts may constitute forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from the views expressed. Factors that could cause actual results to differ materially from the outlook expressed or implied in any forward-looking statement include, without limitation: changes in economic and business conditions; adverse changes in liquidity or financial or operating performance; changes in the demand for our products or the end-user markets in which our products are sold and the other factors detailed from time to time in the reports we file with the SEC, including those described under “Risk Factors” in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q.  These forward-looking statements speak only as of the date of this press release. We assume no obligation to provide any revisions to any forward-looking statements should circumstances change, except as otherwise required by securities and other applicable laws.

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SOURCE Albemarle Corporation

MPLX LP Announces Quarterly Distribution

FINDLAY, Ohio, Oct. 27, 2020 /PRNewswire/ — The board of directors of the general partner of MPLX LP (NYSE: MPLX) has declared a quarterly cash distribution of $0.6875 per common unit for the third quarter of 2020, or $2.75 on an annualized basis. The distribution will be paid on Nov. 13, 2020, to common unitholders of record as of Nov. 6, 2020.

This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat 100 percent of MPLX’s distributions to foreign investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, MPLX’s distributions to non-United States investors are subject to federal income tax withholding at the highest applicable effective tax rate.

About MPLX LP 

MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets, and provides fuels distribution services. MPLX’s assets include a network of crude oil and refined product pipelines; an inland marine business; light-product terminals; storage caverns; refinery tanks, docks, loading racks, and associated piping; and crude and light-product marine terminals. The company also owns crude oil and natural gas gathering systems and pipelines as well as natural gas and NGL processing and fractionation facilities in key U.S. supply basins. More information is available at www.mplx.com.

Investor Relations Contacts: (419) 421-2071
Kristina Kazarian, Vice President, Investor Relations
Taryn Erie, Manager, Investor Relations

Media Contact:
Jamal Kheiry, Manager, Corporate Communications (419) 421-3312

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SOURCE MPLX LP

Lancium And MP2 Energy Offer Unique Energy Demand Response Solution For High-Throughput Computing And Cryptocurrency Miners

First of Its Kind Controllable Load-Only Resource Designated by ERCOT Drives Down Customer Energy Costs

HOUSTON, June 19, 2020 /PRNewswire/ — Lancium™, a data center technology company, and MP2 Energy, a wholly-owned subsidiary of Shell Energy North America (US), L.P., today announced the first successful load-only Controllable Load Resource (CLR) designation by the Electric Reliability Council of Texas (ERCOT). While available since 2004, achieving this designation is a first in ERCOT for a load only and without generation. Power consumption can be the single largest expense for companies that play in the High-Throughput Computing (HTC) space, like machine learning, cryptocurrency mining, and fluid simulations, and this energy optimization option can significantly reduce those costs.

“As demand response pioneers, we are thrilled to partner with MP2 on this breakthrough achievement,” said Lancium CEO, Michael McNamara. “Lancium has been dynamically ramping server power consumption for years. Being the first designated CLR is a testament to our technical and IP leadership.”

High-Throughput Computing data centers are electricity intensive and energy demand from these data centers is growing around the world. This solution from Lancium and MP2 Energy allows customers to decrease data center power consumption and dispatch excess energy into the energy grid during times when energy is most expensive. Conversely, they can resume power consumption during low price periods.  With this revolutionary advancement, data centers will also be able to earn additional revenue providing ancillary services to ERCOT like a traditional generator; they can respond to ERCOT instructions in seconds while simultaneously providing Primary Frequency Response to stabilize the grid.

Taken together, these solutions will have the potential to allow data center customers to reduce their average electricity costs by more than 50 percent. It also allows them to respond to ERCOT instructions in seconds, to meet the response characteristics required for CLR.

“After collaborating with Lancium, we recognized the value in the unique flexibility of their solution.  Combining our capabilities put us at the forefront of an evolving grid that helps reduce cost for our customers,” said MP2 Chief Executive Officer David Black, “The increasing volatility of energy supply associated with greater levels of renewable power creates reliability challenges for the electricity grid.  This product helps to stabilize the grid in an extremely effective manner, reach new customers and positions us as a leader in demand response, not only in ERCOT, but throughout the U.S.”

The CLR designation was achieved using Lancium Smart Response™ software which is covered by existing and pending patents.

The Controllable Load Resource designation was achieved at the Compute North Data Center in Big Spring, TX. Compute North is an industry leader in high-powered, large-scale data infrastructure for blockchain, cryptocurrency mining and the broader high-performance computing space.

About Lancium:
Lancium™ is a technology company creating software and technical solutions that enable the faster growth of renewable energy. Lancium™ products include Lancium Smart Response™ for server power management, the Lancium Compute™ platform for High Throughput Computing applications and Lancium Clean Compute Centers™ that absorb excess renewable energy. Lancium™ solutions help ensure that renewable energy can power our future. LANCIUM, LANCIUM SMART RESPONSE, LANCIUM COMPUTE and LANCIUM CLEAN COMPUTE CENTERS are trademarks of Lancium, LLC.

 

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SOURCE Lancium, LLC

PSEG and the PSEG Foundation Announce $1 Million Commitment to Fight Racial Injustice, Inequity

PSEG Launches Powering Equity and Social Justice Initiative

NEWARK, N.J., June 19, 2020 /PRNewswire/ — PSEG and the PSEG Foundation announced today the launch of the Powering Equity and Social Justice initiative and a $1 million commitment to support organizations that address the racial injustice, inequality and human rights in communities of color. The Powering Equity and Social Justice initiative will provide philanthropic support to organizations in New Jersey, New York and anywhere PSEG operates.

In order to foster access to fair and equitable opportunity throughout its communities, PSEG also reaffirms its pledge to increase its business with diverse suppliers – those owned by minorities, women, veterans, service-disabled veterans and LGBTQ+ entrepreneurs – to at least 30% of the company’s applicable supplier spend by 2023.

“These initiatives and commitments provide an opportunity for PSEG to take action and stand in solidarity with our customers, communities and employees in pursuit of needed change,” PSEG Chairman, President and CEO Ralph Izzo said. “By supporting organizations that champion justice and social equity, and by increasing support for our growing network of diverse suppliers, we hope to foster change and make a difference in the many diverse communities we serve.”

The new Powering Equity and Social Justice initiative is designed to provide philanthropic support for organizations that work to confront and address systemic racism and advance social and economic equity for communities of color. PSEG also is seeking to develop and strengthen partnerships with organizations dedicated to social justice and building bridges between law enforcement and communities.

“PSEG has always had a unique and special relationship with the communities we serve, and today we take this a step further by more directly powering equity and social justice to address the prejudice, hate and injustice we too often observe,” said Rick Thigpen, PSEG’s senior vice president for Corporate Citizenship and president of the PSEG Foundation. “When one of us is impacted in the PSEG community, we are all impacted. Therefore, it’s vital that we all join together to act and build a framework of equity, compassion, and respect that will truly benefit us all. For that reason, our company stands ready to support organizations that address racial injustice, inequality and human rights in communities of color in order to build a brighter future for everyone.”

PSEG’s increased supplier diversity goals will help to foster access to fair and equitable opportunity throughout our communities. PSEG has developed relationships with a broad base of diverse suppliers, which includes those owned by minorities, women, veterans, service-disabled veterans and LGBTQ+ entrepreneurs.

“PSEG helps drive the economies of the states where we do business,” Izzo said. “It’s critical that our suppliers represent our incredibly diverse customers and communities.”

PSEG is looking inward at its culture, as well. During the past year, the company has conducted diversity and inclusion training for its leaders and employees, and a comprehensive review of its policies and practices is in progress in order to ensure equity. In recent weeks, the company has fostered critical and candid conversations across its workforce and today, for the first time, PSEG has provided every employee with paid time off in recognition of the Juneteenth holiday.

Public Service Enterprise Group Inc. (PSEG) (NYSE: PEG) is a publicly traded diversified energy company with approximately 13,000 employees. Headquartered in Newark, N.J., PSEG’s principal operating subsidiaries are: Public Service Electric and Gas Co. (PSE&G), PSEG Power and PSEG Long Island. PSEG is a Fortune 500 company included in the S&P 500 Index and has been named to the Dow Jones Sustainability Index for North America for 12 consecutive years.

Visit PSEG at:

www.pseg.com

PSEG on Facebook

PSEG on Twitter

PSEG on LinkedIn

PSEG blog, Energize!

 

CONTACT:

Marijke Shugrue

973-430-5924

Marijke.Shugrue@pseg.com

 

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SOURCE PSEG

6 Ways to Save Money with Energy Conservation, Rebates

– Dominion Energy Virginia customers can save money with lighting discounts, appliance rebates- Customers can earn $40 by participating in company’s Smart Cooling Rewards Program- Follow simple steps at home to conserve energy, lower your bill

RICHMOND, Va., June 22, 2020 /PRNewswire/ — Dominion Energy has options available to help customers reduce energy consumption and save money as summer heat arrives and many are spending more time at home due to the coronavirus pandemic.

Here are a few ways customers can save money on their bill:

1. Purchase energy-efficient lighting and other products at a discount directly through the Dominion Energy Online Marketplace. Dominion Energy customers can save when they use high-quality energy-efficient products offered in the new marketplace. Free shipping on orders over $35.

2. Upgrade to energy-efficient appliances at a discount. Save up to $100 on a new ENERGY STAR® certified appliance and get instant savings on lighting.

  • Save $100 on a new clothes dryer or $50 on fridges, freezers, dishwashers, humidifiers and washing machines. Find eligible models and submit rebates for ENERGY STAR® appliances. In addition to rebates, these appliances use up to 50 percent less energy, lowering your monthly energy costs for years to come.

3. Enroll in the Smart Cooling Rewards Program. Earn a $40 annual bill credit, help the environment, and reduce stress on the energy grid by enrolling in this program.

  • Dominion Energy will install an air-conditioner cycling switch on your outdoor unit for free. When demand for energy is high, Dominion Energy may cycle the air conditioner on and off for a defined interval. Customers can get a text message to be notified in advance and can opt-out of a specific date or unenroll at any time.
  • Learn more by clicking here: https://dom.powerportal.com/dom/residential/#apply or by calling 1-888-366-8280. Visit the company’s website for more information or with questions about meeting the eligibility requirements.

4. Turn the thermostat up. The number one way to conserve energy is to be conscious of the thermostat setting during the summer months. According to the Department of Energy, customers can save up to 3 percent on their bill for each degree they turn the thermostat up. Try increasing it to the EPA’s recommended 78 degrees, especially when away from home.

5. Run large appliances at night. Consider doing dishes or laundry later in the evening to reduce the heat and humidity that are added to your home.

6. Close your blinds. Sunlight shining through windows can account for up to 40 percent of unwanted heat gain and can force air conditioners to work two to three times harder. Close blinds or curtains during the day and see bills go down.

Once conditions safely allow, Dominion Energy will resume additional energy-efficiency programs, including the appliance recycling program and home energy assessments. Even more energy conservation programs are on the way as part of the company’s commitment to give customers more ways to save money and energy.

Within the past decade, Dominion Energy has helped save 760 gigawatt hours of energy in Virginia and North Carolina. Since 2008, Dominion Energy has implemented nearly 40 energy-efficiency and demand side management programs and pilots, enrolling more than 331,000 customer participants and issuing more than $177 million in rebates to customers for energy-efficiency upgrades. In that time, the company has also weatherized nearly 39,000 homes under the low-income weatherization programs.

Energy-efficiency programs help meet the objectives laid out in the Virginia Clean Economy Act and further Dominion Energy’s commitment to helping customers, while meeting the company’s goal of net-zero carbon and methane emissions across the 20 states it serves by 2050.

Dominion Energy recognizes the challenges customers may be facing at this time, and the company is here to help. In addition to energy conservation programs, Dominion Energy is expanding assistance to Virginia customers facing hardship. Subject to regulatory approval, the company is committed to extending its policy of not disconnecting customers for nonpayment until at least October 14, 2020. Dominion Energy will assess whether to further extend that date based on a range of factors, including customer needs and economic conditions. Plus, customers can now receive up to $1,200 in payment assistance through EnergyShare, up from $900. To learn more about the company’s coronavirus relief efforts, visit https://www.dominionenergy.com/company/coronavirus.

About Dominion Energy
More than 7 million customers in 20 states energize their homes and businesses with electricity or natural gas from Dominion Energy (NYSE: D), headquartered in Richmond, Va. The company is committed to sustainable, reliable, affordable and safe energy and is one of the nation’s largest producers and transporters of energy with more than $100 billion of assets providing electric generation, transmission and distribution, as well as natural gas storage, transmission, distribution and import/export services. The company is committed to achieving net zero carbon dioxide and methane emissions from its power generation and gas infrastructure operations by 2050. Please visit DominionEnergy.com to learn more.

 

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SOURCE Dominion Energy

Contura Announces Strategic Actions to Strengthen Financial Performance

Kielty Mine to Idle Due to Market Conditions; Company Will Not Invest Capital to Build New Impoundment at the Cumberland Mine

BRISTOL, Tenn., June 22, 2020 /PRNewswire/ — Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, today announced strategic actions regarding two of its large properties that will allow the company to further strengthen its financial performance and to rationalize its production in light of market conditions.

Today approximately 170 employees of Spartan Mining Company, LLC were notified of the company’s intention to idle the Ruby Energy (also known as Kielty) underground mine and the Delbarton Preparation Plant, which is operated by Spartan Mining but owned by Delbarton Mining Company, LLC, each in Mingo County, West Virginia, due to sustained adverse market conditions, which have rendered the mine uneconomic. Additionally, approximately 7 employees of Maxxim Shared Services, LLC working at the facilities were notified of the company’s intention to idle the facilities. The Kielty mine produces coal for thermal, industrial, and metallurgical coal markets, and the Delbarton Preparation Plant serves the Kielty mine. In accordance with requirements of the Worker Adjustment and Retraining Notification (WARN) Act, employees were given 60 days’ notice of expected layoffs in connection with the idling of these two facilities.

Additionally, Contura has decided against constructing a new refuse impoundment at its Cumberland Mine in Greene County, Pennsylvania, and will not spend the significant capital of over $60 million that was previously announced in connection with this project. Instead, Contura has entered into amendments of certain of its coal supply agreements such that all of its obligations to supply coal to customers from the Cumberland Mine will expire as of December 31, 2022. In the meantime, Contura plans to actively market the Cumberland property for sale while it continues to supply coal in accordance with the amended agreements. 

Speaking about today’s announcements, Contura’s chairman and chief executive officer David Stetson reiterated the especially adverse market conditions that formed the foundation of these business decisions. “Given the current market conditions and what we expect from the near-term outlook, it is clear that these properties are not economical and will not be able to deliver the kind of value we strive for in our portfolio,” Stetson said. “These are trying times, but we are committed to make the difficult choices necessary to maintain our long-term financial strength.”

ABOUT CONTURA ENERGY

Contura Energy (NYSE: CTRA) is a Tennessee-based coal supplier with affiliate mining operations across major coal basins in Pennsylvania, Virginia and West Virginia. With customers across the globe, high-quality reserves and significant port capacity, Contura Energy reliably supplies both metallurgical coal to produce steel and thermal coal to generate power. For more information, visit www.conturaenergy.com.

FORWARD-LOOKING STATEMENTS

This news release includes forward-looking statements. These forward-looking statements are based on Contura’s expectations and beliefs concerning future events and involve risks and uncertainties that may cause actual results to differ materially from current expectations. These factors are difficult to predict accurately and may be beyond Contura’s control. Forward-looking statements in this news release or elsewhere speak only as of the date made. New uncertainties and risks arise from time to time, and it is impossible for Contura to predict these events or how they may affect Contura. Except as required by law, Contura has no duty to, and does not intend to, update or revise the forward-looking statements in this news release or elsewhere after the date this release is issued. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this news release may not occur.

INVESTOR CONTACT
investorrelations@conturaenergy.com

Alex Rotonen, CFA
423.956.6882

MEDIA CONTACT
corporatecommunications@conturaenergy.com

Emily O’Quinn
423.573.0369

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SOURCE Contura Energy, Inc.

CR Minerals Announces Plant Expansion

FORT WORTH, Texas, June 8, 2020 /PRNewswire/ — CR Minerals, a leading manufacturer of pumice products and construction materials, has announced the expansion of its operations in Pueblo, CO.  The company will be investing over $11 million and adding approximately 8 more jobs to its existing staff over the next three years.  The expansion will more than triple the production output of the facility enabling CR Minerals to serve its customers in Colorado and surrounding states well into the future.

The CO facility focuses on the production of a patented remediated fly ash (Tephra® RFA) as well as other products (Tephra® OG and Tephra® NP) that are geared toward the construction materials as well as oil and gas industries.

“We are very excited about the expansion of our plant in Pueblo,” said Jeffrey Whidden, President of CR Minerals Company.  “The continued growth of our business in CO and declining availability of high-quality fly ash for our customers are the driving forces behind our decision.  Expanding the plant at this time, even in these uncertain economic conditions, will enable us to serve our customers uninterrupted for years to come.  As part of this expansion, we once again thank the City of Pueblo, PEDCO, and the area’s workforce for their continued support.”

The City of Pueblo through the Pueblo Economic Development Corporation (PEDCO) has provided funding for the expansion in the amount of $160,000 as part of the City’s half cent fund for economic development.  “Pueblo is thrilled to be selected as the location for CR Minerals’ continued expansion.” said Jeff Shaw, President and CEO of PEDCO.

About CR Minerals Company, LLC:

CR Minerals Company, headquartered in Fort Worth, Texas is a global leader in pumice products and is a manufacturer of pozzolanic materials (natural pozzolans and remediated fly ashes) for the construction and oil and gas industries.  CR Minerals has operations in New Mexico and Colorado and is based in Fort Worth, Texas.

CONTACT:     CR Minerals Compan
                        Elizabeth Palacios
                        Pueblo Office Manager
                        (719) 239-7867
                        241197@email4pr.com

 

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SOURCE CR Minerals Company, LLC

CITGO Increases Availability of CITGARD® at FleetPride Service Centers

HOUSTON, June 8, 2020 /PRNewswire/ — FleetPride Service Centers are bringing the CITGO family of lubricants to new customers across North America, as CITGO is now the primary supplier of engine oil and other lubricants at all FleetPride Service Center locations across the country. 

“We’re proud to bring the CITGARD line of heavy-duty lubricants to a wider customer base through our partnership with FleetPride, a brand that shares our dedication to providing innovative solutions, superior service and the best products to keep heavy duty trucks and trailers rolling across America,” said CITGO Vice President Supply and Marketing Karl Schmidt.

With 44 locations spanning 25 states, FleetPride’s Service Center network is one of the nation’s largest heavy duty aftermarket service providers. Coupled with FleetPride’s expansive parts offering, footprint and expertise, FleetPride Service Centers keep customers Ready for the Road Ahead™. 

“As our Service Center network continues to grow, we recognize the need to expand our nationwide premium lubricant offering. This alliance with CITGO advances our commitment to offering superior products, services and solutions to our Service Center customers across the country,” said Nathan Lamb, Vice President of Service Operations for FleetPride. “With our growth strategy, investments in technology and expanded service capabilities, 2020 is going to be an exciting year for FleetPride Service Centers.”

For nearly 40 years, the CITGO line of heavy-duty lubricants, including CITGARD engine oils, CITGEAR® lubricants, and the CITGO family of transmission fluids, greases and more have evolved to meet the demands of heavy-duty diesel engines and component parts. Designed to keep vehicles on the road longer, CITGO products are engineered with a proprietary technology that helps vehicles achieve optimum performance and efficiency, run cleaner, operate at higher temperatures and fuel injection pressures, and maximize efficiency and durability to reduce wear and tear. These lubricants have been developed to meet tighter wear limits and lower emission requirements, improve fuel economy, and increase the performance of heavy-duty vehicles.

From June 8July 31, 2020, FleetPride Service Centers are offering a $279.99 Full Service Oil Change Special to customers when they choose CITGARD products for their oil change with FleetPride*. Learn more and find FleetPride Service Center locations at fleetpride.com/service/service-centers.

Learn more and find Service Center locations at branches.fleetpride.com.

About CITGO:
Headquartered in Houston, Texas, CITGO Petroleum Corporation is a recognized leader in the refining industry with a well-known brand. CITGO operates three refineries located in Corpus Christi, Texas; Lake Charles, La.; and Lemont, Ill., and wholly and/or jointly owns 48 terminals, nine pipelines and three lubricants blending and packaging plants. With approximately 3,400 employees and a combined crude capacity of approximately 769,000 barrels-per-day (bpd), CITGO is ranked as the fifth-largest, and one of the most complex independent refiners in the United States. CITGO transports and markets transportation fuels, lubricants, petrochemicals and other industrial products and supplies a network of approximately 4,700 locally owned and operated branded retail outlets in 30 states and the District of Columbia. CITGO Petroleum Corporation is owned by CITGO Holding, Inc. For more information, visit www.CITGO.com.

About FleetPride, Inc.
Formed in 1999 and headquartered in Irving, TX, FleetPride is the nation’s largest distributor of truck and trailer parts in the independent heavy-duty aftermarket channel. FleetPride operates 280 locations in 46 states and 44 Service Centers with over 300 trained Technicians. Operating through five regional distribution centers, FleetPride carries over 400 nationally recognized brands and serves a diverse customer base including independent service providers, owner-operators and small to large fleets across multiple industries, such as freight and shipping, leasing services, agriculture, food and beverage, construction, and waste management. Visit their website at www.fleetpride.com.

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SOURCE CITGO Corporation

Oklahoma Contract Manufacturer Increases Capacity and Spindle Utilization with New State-Of-The-Art Robotics System

TULSA, Okla., June 9, 2020 /PRNewswire/ — Advanced Machining & Fabricating, Inc. & Advanced Plastics, Inc. specializes in the production of complex components and assemblies for the Aerospace, Defense, Energy, and Food Processing industries announced today the addition of the FASTEMS ROBO ONE Flexible Manufacturing System (FMS) to its operation.

Over the last two years, ADVANCED has been in the process of implementing its new Flexible Manufacturing System (FMS). The installation of the Finnish-designed system has had an enormous impact on efficiencies such as first-pass yield, spindle utilization and increased capacity, while increasing the company’s reputation for producing quality products and service.

The appointed mascot of this new system is the massive orange robot that has been appropriately dubbed “Pistol Pete” by the company’s CEO and Oklahoma State University graduate, Scott Shortess. And while the robot is certainly the most eye-catching piece of equipment in the shop, the real star of the show is the predictive manufacturing management system (MMS) software.  Which allows ADVANCED to effectively manage the resources needed to accomplish lights-out manufacturing.

ADVANCED’s implementation of the FMS system has included extensive research, planning, and benchmarking trips—both domestically and abroad—where Shortess, Kim Parrish and Jason Adkins were able to study Flexible Manufacturing System implementations in action.

In addition to the installation of the FMS robotics system, the company has future plans for expansion of its operation that includes the construction of an additional facility that will eventually house another, larger FMS system that will integrate additional processes like robotic deburr and metrology.

About Advanced Machining & Fab. Inc.

ADVANCED was founded in 1979 in Owasso, Oklahoma by Steve Shortess. The company started out as a small material supplier and job shop operating out of a garage and has since evolved into a valued Tier 1 supply chain partner to major corporations in a variety of critical industries.

For more information about ADVANCED, visit http://www.advcosinc.com/

Contacts:

Liza Wenzel, Wenzel Creative
918-270-0316 or liza@wenzelcreative.com

Angela Shortess, Advanced Plastics
918-664-5410 or amshortess@advcosinc.com

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SOURCE Advanced Plastics & Machining