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Freudenberg shows profitability, heavy investments in 2022
Global technology group, Freudenberg presents figures for the year 2022 which shows sales of more than €11.7 billion with an increase of 17 per cent, operating profit of €941.8 million with an increase of 7 per cent and €2 billion investment in research and development with 15 per cent increase in investment on future technologies.Read more
Mahindra Research Valley at the forefront of automotive technology
Mahindra Research Valley (MRV), a flagship company of Mahindra Group sealed its leadership with record 210 patents in last 6 quarters. The patents granted is the highest number of patents to any Indian Original Equipment Manufacturer (OEM) during the period. 149 patent applications are just in the Electric Vehicle (EV) space.Read more
Fraunhofer IMM develops ammonia-based systems for eco-friendly energy supply
In the future, ammonia could play a decisive role in the transition from fossil fuels to climate-friendly alternatives — as long as it is produced from green hydrogen, for example, using renewable energy sources. Ammonia is easy to store and transport. Researchers at the Fraunhofer Institute for Microengineering and Microsystems IMM are developing ammonia-based systems for a mobile, decentralised energy supply in the infrastructure, transportation and industry sectors.Read more
Hannover Messe, a leading platform for hydrogen and fuel cells
At the upcoming trade fair, Hannover Messe, running from 17 to 21 April, around 500 companies will be presenting their solutions for hydrogen production, transport, storage and consumption. By 2030, the EU Commission wants to install electrolyzers with a capacity of at least 40 gigawatts to produce 10 million tons of green hydrogen in a phased-in process.Read more
Bilateral trade between India & Germany was € 23.5 bn in FY21–22
German Engineering Federation, VDMA is one of the largest network organisations for the machinery and equipment manufacturing industry in Germany and Europe. With its establishment in India, VDMA India Services Pvt Ltd is acting as a bridgehead between German and Indian industries. In this interview Rajesh Nath, Managing Director, VDMA India shares the significance of Indo-German economic relations and forthcoming alliances between the countries to grow trade opportunities.Read more
Waterford Crystal realises significant energy savings with ELGi EG Series
The world-renowned luxury crystal glassware manufacturer from Waterford in Ireland selected the ELGi EG Series oil-lubricated screw air compressor to modernise its high-precision engraving operations.Read more
Ramakrishna Forging with Titagarh Wagons remains lowest bidder for manufacturing 80,000 forged wheels
In a tender issued by Indian Railways in September 2022 for the production of 80,000 forged wheels every year for 20 years, Ramkrishna Forging Consortium with Titagarh Wagons Limited remains the lowest bidder with quoted Rs 12,226 crore. The company anticipates a business volume of over Rs 15,000 crore with the new production facility. Read more
Elecon Engineering launches upgraded industrial gearbox New EON, at Gurugram
One of largest industrial gears manufacturers, Elecon Engineering Company Limited (Elecon) launched the latest addition to the already popular range of gearboxes ‘New EON’ at an event at The Oberoi, Gurugram. Company also plans to open local swift centers to enhance customer services.Read more
Amara Raja Group’s Mangal Industries signs MoU with AXISCADES forming strategic partnership
A leading technology solutions company, AXISCADES forms a partnership with Amara Raja Group’s company Mangal Industries Limited to make an engineering, digital, and manufacturing collaboration. Read more
Godrej & Boyce, Renmakch together to develop a 'Make-in-India’ value chain for railways
Godrej Tooling signed a Memorandum of Understanding (MoU) with Renmakch to leverages global technology from Europe and Japan to promote indigenous development in Indian Rail sector. Read more