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Intelligent actuators provide flow control at Korean chemical plant

Over a 100 multi-turn and part-turn intelligent electric actuators have been installed at a new petrochemical site in Daesan, South Korea. The IQ actuators - supplied by Rotork - will provide flow control at the plant which produces ethylene, polyethylene and propylene.Read more

Hilco Global buys ThyssenKrupp Steel’s plant in Germany

Amsterdam-based Hilco Industrial Acquisitions, BV, an operating company of US-based Hilco Global, has acquired all assets at ThyssenKrupp Heavy Plate Rolling Mill facility located in Duisburg-Hüttenheim, Germany. The assets are now up for sale on Hilcobid.com.Read more

Omega Seiki Mobility forms JV with Korea’s Jae Sung Tech for EV powertrains

The all-electric Ra314 powertrain will be manufactured by Omega Seiki Mobility at its facility in Faridabad and in Pune at its group company, Omega Bright Steel and Components’ facilityRead more

Samsung expands Vietnam factory to increase foldables production

Samsung plans to begin the expansion soon, with full operation expected by the end of 2021 or early 2022. It would increase Samsung’s annual foldable production capacity by 47%, from 17mn to 25mn.Read more

India’s PLI Scheme draws Rs. 11.5 trillion FDI for manufacturing in India

While we get clarity on whether the government chooses to battle the retrospective tax against the order given by the Supreme Court in favour of the struggling Vodafone, India’s PLI scheme has made great headway in attracting FDI for manufacturing in India.Read more

Sandhar Technologies forms JV with Korea’s Hanshin Corp for data cables in auto

JV will manufacture futuristic high end data cables for auto industry in India for the four-wheeler segmentRead more

Kixx bags Korea First Brand Awards; appoints Shikhar Dhawan as brand ambassador

As part of a strategic move and to make brand a household name in the premium lubricants’ category in India, GS Caltex India has recently signed Shikhar Dhawan, as their brand ambassador.Read more

Kia Motors hosts supplier meet in Delhi

Korean car maker is investing $ 2 billion in India and is building a manufacturing facility with production capacity of 300,000 vehicles per year in Anantapur, Andhra PradeshRead more

A new era in India - Korea digital partnership: Ravi Shankar Prasad

The post liberalisation era in India saw the arrival of three Korean companies - Hyundai, Samsung and LG, which transformed the face of the automobile, consumer electronics and high end electronics market in India. Read more

Korea to partner Maharashtra for smart cities & villages, SMEs & start-up hubs

Maharashtra State Industries Minister Mr Subhash Desai and KOTRA Vice-President Mr Kim Doo Young inaugurated Korean Expo 2016 at the Bombay Exhibition Centre. Korea is amongst the Top 6 (it was Top 7 in 2015) import sources for India during January-September 2016 with India importing a total of US$ 8.9 billion (-8.7%) as compared to US$ 9.8 billion in 2015 (Jan-Sep).Read more

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