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German shares edge down Monday
Xinhua
18 May 2021, 03:30 GMT+10
FRANKFURT, May 17 (Xinhua) German stocks edged down on Monday, with the benchmark DAX index down 20.02 points, or 0.13 percent, to close at 15,396.62 points. Aircraft engine manufacturer MTU Aero lost 2.79 percent, the top loser among the blue chips, followed by the energy division of Siemens Group, Siemens Energy and its parent company Siemens Group, which lost 2.58 percent and 2.12 percent respectively. Sportswear and equipment maker Adidas gained 2.86 percent, becoming the top gainer. Telecommunications company Deutsche Telekom and automotive manufacturer BMW advanced by 2.74 percent and 1.21 percent respectively. Deutsche Telekom was the most traded share with a turnover of 270.98 million euros (329.05 million U.S. dollars).
Composite power generator. Photo Credit: Business Wire
Continuous Composites (Coeur d Alene, Idaho, U.S.) and Siemens Energy (Munich, Germany), a spin-off of the former Gas and Power division of Siemens Group, announced the successful demonstration of Continuous Fiber 3D Printing (CF3D) technology for Siemens Energy’s generator components. Through this multi-year collaboration, the companies developed a thermoset glass fiber-reinforced polymer (GFRP) material, introducing better mechanical performance at higher temperatures, topology optimized designs and dynamic fiber steering to orient anisotropic fibers in the load direction for customized applications.
“The deployment of CF3D for manufacturing generator components is one example where our technology is disrupting current manufacturing processes and replacing metallic parts with high-performance composite materials,” says Tyler Alvarado, CEO of Continuous Composites. “Our collaboration with Siemens Energy demonst
FRANKFURT, May 14 (Xinhua) German stocks rose on Friday, with the benchmark DAX index up 216.96 points, or 1.43 percent, to close at 15,416.64 points. Aircra