June 24, 2021
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first_imgSonnax Industries,Vermont Business Magazine Sonnax Industries, an auto parts manufacturer based in Bellows Falls, has been sold to its employees. The previous owners, Tommy Harmon and Rick Fritz, sold 100% of the company stock to an Employee Stock Ownership Plan (ESOP). The company employs about 150 people.”The ESOP is the ultimate way to reward our employees for their contributions to the success of Sonnax,” said Sonnax President and CEO Tommy Harmon. “From now on when customers, suppliers, or other stakeholders are interacting with Sonnax personnel, they will be dealing with an owner.””The overriding benefit of the ESOP is that it allows employees to participate in the growth and success of the company. Additionally, the ESOP should be instrumental to Sonnax in attracting and retaining the best talent in our industry,” Harmon added.Tommy Harmon will retain his position as CEO of the company, and Harmon and partner Rick Fritz will remain on the company’s board of directors. The existing management team will remain in place, and the company is committed to remaining in Vermont, where it will continue as a significant employer in the area.Sonnax is a diversified supplier of specialized drivetrain products to the automotive and commercial vehicle industries, and to industrial sectors utilizing drivetrain technology. Sonnax is headquartered in Bellows Falls, Vermont and has sales offices and tech centers in strategic locations around the world. RELATEDSonnax owner sells company to managers | Vermont Business Magazine. Jul 31, 2005last_img read more

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first_img FacebookTwitterLinkedInEmailPrint分享Saur Energy International:In the efforts to achieve greater energy security, the Government of Pakistan through its Alternative Energy Development Board (AEDB) has signed implementation agreements and guarantees direct agreements with 11 wind independent power producers (IPPs) for 560 MW of new wind energy capacity to serve the Pakistan grid.These projects would provide more than 1.8 billion units of clean energy annually. The projects were agreed with the help of the private sector and development finance institution (DFIs) including the International Finance Corporation (IFC), CDC, FMO, and ICD, amongst others.Six out of eleven wind projects are financed by the IFC, which on November 15, signed agreements to finance the so-called Super Six project portfolio with USD 450 million in debt. Those power plants, with a combined capacity of 310 MW, will be installed in the Jhimpir wind corridor in Sindh province and will be able to generate enough electricity to cover the annual needs of 450,000 homes while offsetting around 650,000 tonnes of CO2 emissions annually, IFC said in a separate statement. It will provide some USD 86 million in funds from its own account and USD 234 million mobilised from other lenders.The government agency, which is tasked with promoting renewables installation in Pakistan, has signed the agreements for 560 MW wind capacity to help with the country’s objective of having 30 percent renewables nationally by 2030 and cutting its dependence on fossil fuel imports.In September, the Asian Development Bank (ADB) had decided to shortly approve a loan worth USD 350 million for reforms and financial sustainability programmes that aim to address fiscal, governance, technical and policy deficits in the Pakistan energy sector. These deficits have adversely impacted the sector’s quality and efficiency of services, and the sustainability of energy infrastructure and finances, thereby challenging Pakistan’s fiscal balance and macroeconomic stability.More: Pakistan signs deal for 560 MW of new wind energy capacity Pakistan signs deals for 560MW of new wind powerlast_img read more

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first_img13 Sheridan Park Ave, Broadbeach Waters.ROSS and Nicole Cush took the term “seeking a sea-change” literally when they bought this luxury waterfront property.The couple owned a farm out west but in 2012 decided to pack up their family and visit Broadbeach Waters in search of the perfect coastal home. 13 Sheridan Park Ave, Broadbeach Waters. 13 Sheridan Park Ave, Broadbeach Waters.More from news02:37International architect Desmond Brooks selling luxury beach villa18 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days ago“We’d always holidayed in Broadbeach so we knew the area really well,” Mr Cush said.He said they inspected almost 20 houses in one weekend without any luck.It was by chance they stumbled upon 13 Sheridan Park Ave.Mr Cush said after giving up hope, they saw a property they liked in the window of a local agency.The agent said they wouldn’t be able to see the property before making the five hour trip home but he offered to show them a similar one that was being built.The Cush family took a second look when it was finished and fell in love with it. 13 Sheridan Park Ave, Broadbeach Waters.center_img 13 Sheridan Park Ave, Broadbeach Waters.“It was exactly what we wanted,” Mr Cush said.He said they liked the home’s position on the canal and the street was family friendly, with children playing cricket on the road when they first visited.“One of my favourite features of the whole home was the guest suite downstairs,” Mr Cush said.He said it was perfect for family members who struggled to tackle stairs. 13 Sheridan Park Ave, Broadbeach Waters.last_img read more

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