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Industrials Highlights: Caterpillar Inc. (CAT)’s New App, General Electric Company (GE) & EDF Renewable Energy, Alcoa Inc (AA)’s Recognition

Editor’s Note: Caterpillar Inc. (NYSE:CAT), General Electric Company (NYSE:GE), Alcoa Inc (NYSE:AA)

EDF Renewable Energy signs wind turbine agreement with GE (PennEnergy)
EDF Renewable Energy inked a supply agreement with General Electric Company (NYSE:GE) for up to 200 MW of wind turbine generators. The agreement covers the supply of GE 1.85 MW models for U.S. wind power projects beginning construction in 2013. The first wind turbines under the agreement will be deployed at the Hereford Wind Project in the Texas Panhandle. EDF Renewable Energy and Lincoln Renewable Energy (LRE), a developer of wind and solar power projects, have executed a purchase agreement, under which EDF Renewable Energy will buy from LRE the first phase (200 MW) of the Hereford project as well as an option agreement for a total of up to 500 MW.

Alcoa Recognized as Aluminum Industry Sustainability Leader; Named to Dow Jones Sustainability Index (DailyFinance)
For the twelfth year in a row, Alcoa Inc (NYSE:AA) has been named to one of the most highly recognized and longest-standing global sustainability indexes, the Dow Jones Sustainability Indexes (DJSI). Alcoa was again recognized as the global aluminum industry sustainability leader and the North American leader in the aluminum sector. “At Alcoa, sustainability is an integral part of how we do business,” said Kevin McKnight, Alcoa Inc (NYSE:AA) Environment, Health and Safety Vice President and Chief Sustainability Officer. “

Caterpillar Inc. (NYSE:CAT)

B2B: Caterpillar launches its own customer news, information apps (Talking New Media)
Today, in a world of apps, the same pattern seems to be playing out. Many industrial and manufacturing firms have launched their own business apps, and a few have launched Newsstand apps for their existing customer magazines. Caterpillar Inc. (NYSE:CAT), the giant construction equipment manufacturer, has a number mobile and tablet apps inside both the Apple App Store and Google Play. Yesterday the company launched a brand new one called CatUsed Inspect, an app intended to be used by Caterpillar Inc. (NYSE:CAT) dealers when they inspect used equipment. The universal app is currently only in the Apple App Store, but may appear soon in Google Play as all of Cat’s apps are duplicated in the two app stores.

GE Envisions Home of the Future (EON: Enhanced Online News)
General Electric Company (NYSE:GE) has imagined the technological enhancements that will change the way we live and how our homes will look a dozen years from now, after studying trends in advances in food science, demographic shifts, ecological issues, healthcare services, water scarcity and home delivery. “This isn’t about the Jetsons or pie-in-the-sky ideas,” said Lou Lenzi, director for GE Appliances’ Industrial Design Operation. “Home 2025 is about reality-based innovation that will be possible over the next decade.”

Alcoa CEO: 41% of China’s aluminum is unprofitable (MarketWatch)
Nearly half of China’s aluminum production capacity is unprofitable, state-run China Daily quoted the chief executive officer of Alcoa Inc (NYSE:AA) Klaus Kleinfeld saying in a report Wednesday. Some “41% of China’s aluminum smelting capacity is unprofitable due to low aluminum prices and high production cost,” said Mr. Kleinfeld, also chairman of the world’s third largest aluminum producer by output. “The Chinese government is taking steps to try to curb overcapacity, but it is not easy to decommission large, complex facilities,” he said.

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