MC and Hokuden to form Hydro Power Alliance in Hokkaido’s Donan Region

Oct 30, 2021 | Business

Hokkaido Electric Power Company (Hokuden) and Mitsubishi Corporation (MC) are pleased to announce that we will be establishing a new joint venture in November 2021 that will be dedicated to hydroelectric power generation. The company, Donan Hydroelectric LLC (Donan Hydro) , will be headquartered in Hakodate City, Hokkaido Prefecture. In conjunction with the new joint venture’s establishment, Hokuden and MC have also agreed to form a hydroelectric power alliance that will service Hokkaido’s Donan region.
Our alliance will begin by Hokuden replacing in stages five existing power plants in Southern Hokkaido Prefecture, with Donan Hydro managing their operations thereafter. The five plants that will be replaced are all located in the Donan region. They include four that are directly owned by Hokuden (Nanae Power Station, Isoyagawa Daiichi Power Plant, Isoyagawa Daini Power Plant, and Ainumanai Hydro Plant), and one owned by Hokuden’s subsidiary Eco Energy Corporation, Ltd. (Ono Power Station).

Our alliance will combine Hokuden’s long-established expertise in hydro power generation with MC’s global know-how in renewable energies, thereby enabling both efficient replacements of the existing facilities and long-term stability of the new plants’ operations.

MC and Hokuden are committed to leveraging Japan’s domestically produced energy resources. Recognizing its worth in the context of renewable energy, we shall endeavor to optimize hydro power generated by the Donan region’s valuable water resources and do our part to help Japan achieve carbon neutrality.

Inquiries:

Hokkaido Electric Power Company
Public Relations Department +81-11-251-4076

Mitsubishi Corporation
Corporate Communications Department
+81-3-3210-2171


Topic: Press release summary

Air Hydro Power Acquires Huntington Hose and Hydraulics of West Virginia

Sep 17, 2021 | Business

 Air Hydro Power Inc. (AHP) located in Louisville, Kentucky has acquired certain assets of Huntington Hose and Hydraulics of Huntington West Virginia as of Sept 2, 2021. Huntington Hose has three locations: Huntington, WV, Winchester, KY,, and South Point, OH.

Huntington Hose brings over 63 years of experience in the hydraulic hose, industrial hose, hydraulic and pneumatic markets. Huntington Hose also has a complete repair facility focusing on hydraulic cylinder and pump repair, doing 24×7 repairs. Huntington Hose is known for their great customer service and their “get it done” range of capabilities.

Michael Johnson, President of Huntington Hose stated, “By joining forces with AHP, Huntington Hose can offer our customers more support and more products to help our customers be more profitable.”

“Huntington Hose has the experience and reputation for customer service, which customers need today more than ever. This will increase Air Hydro Power’s market share in Eastern Ky and West Virginia, plus Huntington Hose customers will have access to our extensive product offerings in automation and other service-related areas,” stated Tom McGuire, Co-Owner of AHP.

Air Hydro Power is extremely excited to have Huntington Hose and Hydraulic Inc. joining the AHP team. With this acquisition Air Hydro Power welcomes twenty new employees. Michael Johnson will become the Chief Revenue Officer of the West Virginia Division of AHP.

Air Hydro Power

Headquartered in Louisville, KY, Air Hydro Power, Inc. is an industrial distributor serving the Kentucky, Southern Indiana, , Alabama, Mississippi, West Virginia and southeastern Ohio specializing in hydraulics, pneumatics, electrical automation, and hose and fittings. AHP has been servicing customers for over 60 years. Owned by Tom McGuire, Matt Ott and Dick Beaven since 1998, AHP has nineteen locations and over 270 employees including customer service, product specialists and a technical engineering staff. For more information about AHP, visit our website at www.airhydropower.com or contact Sarah McGuire at smcguire@airhydropower.com / (502) 292-4243.

Air Hydro Power, Inc.

Sarah McGuire

502-292-4243

www.airhydropower.com

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  • Mergers & Acquisitions

Hydro increases capacity for sustainable aluminium production in Sjunnen, Sweden

Jul 10, 2021 | Business

The press operations in Sjunnen, Sweden that was idled a few years ago will be reopened. The plant will be fully operational during the fall of 2021 and increases Hydro Extrusions Sweden’s capacity of aluminium profiles made with recycled aluminium by approximately 20%.

The decision to reopen comes in response to a substantial increase and market demand for low-carbon aluminium profiles across all industries where Hydro Extrusions operates. 

As business is coming back to normal after the pandemic, the demand for high-quality and sustainable aluminium profiles has surged. By adding one more press, Hydro Extrusions Sweden will increase the annual capacity by around 10.000 tonnes.

Hydro has a set a target of reducing its carbon emissions by 30% by 2030 and increasing capacity for recycling aluminium and producing more low-carbon alloys and extrusions play an important role in realizing that target. The reopening of the extrusion press in Sjunnen, with its close connection to the remelting facility, is a step towards a circular thinking, where Extrusions Sweden can play an important role in the region by recycling aluminium from the local market and increase capacity for new low-carbon extrusions.

“Aluminium is a material of the future which gives companies across industries new opportunities in sustainable design and recycling. Starting up the extrusion operations in Sjunnen is a direct result of the increased demand for sustainable aluminium and proof that our products have an important role to fill in the transitions towards a greener economy. With increased capacity and flexibility we can also shorten the lead-times to our customers,” says Jonas Bjuhr, Managing Director Hydro Extrusions Sweden.