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SALI Tools and Ethiopian Partner UKAZ Establish Joint Public Welfare Fund, Deepening Global Community Commitment
Globenewswire· 2026-01-09 00:00
Core Insights - SALI Tools has launched the "SALI & UKAZ Joint Public Welfare Fund" to support community welfare projects in Ethiopia, marking a significant step in its corporate social responsibility efforts [1][2] - The fund will be financed by a portion of SALI Tools' annual revenue, emphasizing a long-term commitment to community development rather than a one-time donation [2] - This initiative aligns with SALI Tools' historical focus on philanthropy and community support, reinforcing its values and commitment to social responsibility [2][5] Company Overview - SALI Tools is a leading global brand in professional tool solutions, known for its high-quality and diverse product offerings [7] - The company has established a strong brand presence across multiple global markets while maintaining a commitment to corporate social responsibility [7] - SALI Tools believes that the long-term value of a business lies in creating shared value for employees, customers, and society [7] Partnership Details - UKAZ is a key business partner for SALI Tools in Ethiopia and the East African region, focusing on local sustainable development [6] - The joint fund will enable UKAZ to implement community welfare projects more effectively, addressing localized needs [6] - SALI Tools and UKAZ have a history of collaboration, including a supplies donation drive organized in November 2019 [3][4]
Stanley Black & Decker (SWK) Target Lifted as Baird Revises Model Post-Divestiture
Yahoo Finance· 2026-01-02 23:16
Core Viewpoint - Stanley Black & Decker, Inc. is actively enhancing shareholder value through strategic divestitures, specifically the sale of its Consolidated Aerospace Manufacturing division for $1.8 billion, which is expected to significantly reduce debt and improve financial flexibility [3][4]. Group 1: Company Actions - On December 22, Stanley Black & Decker announced a definitive agreement to sell its Consolidated Aerospace Manufacturing business to Howmet Aerospace for $1.8 billion in cash [3]. - The divestiture is aimed at focusing on growing the company's largest brands and businesses, with the proceeds expected to help achieve a target leverage ratio of 2.5 times net debt to adjusted EBITDA [3]. - The business being sold is projected to generate $405 million to $415 million in fiscal year 2025, producing essential components for aerospace and defense applications [3]. Group 2: Analyst Insights - Following the divestiture announcement, Baird analyst Timothy Wojs raised the price target for Stanley Black & Decker from $75 to $85 while maintaining a Neutral rating on the shares [2]. - The update from Baird reflects a revision of the firm's model based on the strategic move to sell the aerospace division [2]. Group 3: Industry Context - Howmet Aerospace, the buyer of the Consolidated Aerospace Manufacturing division, is a major player in the aerospace and defense sectors, with expertise in engine components and fastening systems, making the acquisition strategically appealing [4]. - Stanley Black & Decker is recognized as a global leader in tools and outdoor products, with manufacturing operations across multiple regions [4].
SALI Unveils Upgraded Cross-Border Supply Chain System for the Middle East Market
Globenewswire· 2025-11-20 06:04
Core Insights - SALI has launched an upgraded cross-border supply chain system specifically for the Middle East to enhance delivery speed, customs efficiency, and product availability for regional distributors and industrial users [1][2]. Group 1: Supply Chain Enhancements - The new supply chain system includes an 8,000 m² warehouse with a capacity of 12,000 m³, allowing for same-day processing and dispatch [2]. - SALI has established special customs clearance channels for battery-equipped products, achieving a 99.6% compliance rate, which significantly reduces delivery times in Saudi Arabia, the UAE, Qatar, and neighboring markets [2]. Group 2: Regional Support Initiatives - SALI plans to set up an Africa Marketing Service Center to provide technical training, customer service, product demonstrations, and localized marketing assistance [3]. - The center will be supported by a multilingual professional team, with 70% of the team members having over eight years of experience [3]. Group 3: Long-term Investment Strategy - The company will continue to invest in logistics innovation and localized services to strengthen long-term cooperation with partners in Saudi Arabia, Kuwait, the UAE, Qatar, and other Middle Eastern countries [5]. - This strategy aims to accelerate regional industrial development by providing dependable tools and efficient supply chain support [5].