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German machine tool industry takes off in 2022 after the pandemic

Order intake rose by a total of 58% in 2021. The strong driver was abroad with an increase of 62%.Read more

Govt selects 4 bidders for PLI scheme for ACC battery storage

The government expects direct investment of around Rs 45,000 crore in Advanced Chemistry Cell (ACC) battery storage manufacturing projects.Read more

Adding value via additive manufacturing

Additive manufacturing (AM), or 3D printing, has gained momentum in India, especially after Covid 19 pandemic when most industries faced supply chain disruptions. 3D printing allows companies to break centralised manufacturing facility into smaller production hubs that can be set up closer to the market.Read more

Lubricant market delivering smooth growth

Continuous industrialisation and growing manufacturing sector are driving the consumption of lubricants in industrial applications. In India, demand for industrial engine oils is accelerating as there is a rising concern about the upkeep of machinery for delivering better quality output. Read more

Heavy machines are driving demand for industrial lubricants

The global market is segmented by product type — general industrial oil & grease, transmission and hydraulic fluid, metalworking fluid, gear oil, etc., as well as end user industry like heavy equipment, food and beverages, automotive, steel, and such. The global metal cutting, and machine tool accessories market is growing.Read more

Yanmar starts production at new industrial engine plant in India

Yanmar Engine Manufacturing India Pvt Ltd (YEMI) - a part of Japanese firm Yanmar - has commenced production at its new state of the art industrial engine manufacturing plant located at the Origins Industrial Estate in Tamil Nadu.Read more

India records 54% jump in engineering goods exports in 9M 2021-22

Thanks to the Zero duty Export Promotion Capital Goods (EPCG) scheme, exports of India’s engineering goods jumped to $ 81.8 billion during April-December 2021 (Provisional) as compared to $ 52.9 billion during same period in the previous year (2020), registering a stupendous growth of 54%, said the Union Ministry of Commerce & Industry in a press release. Engineering goods sector constitutes the largest, more than 27%, share of India’s total exports basket during the period.Read more

Global aerospace parts market to grow at CAGR of 3.7%: Report

The global aerospace parts market - estimated at $ 900.75 billion in 2021, is expected to grow at a CAGR of 3.7% during 2021-2030 forecast period, according to Quince Market InsightsRead more

Fiber laser consumables market is a big opportunity

Founded in 1992, Magal Engineering Co India Pvt Ltd has become a world-class company for superior sheet metal forming machines and hi-end solutions through a wide range of CNC driven engineering machines across the manufacturing spectrum – from sheet metal working, to metal forming, to metal finishing machinery. Read more

Godrej Tooling expects 30% YOY increase in revenues

E-mobility is gaining traction in India due to its eco-friendly feature, tax rebates and low cost of maintenance. Growing electric vehicles industry is expected to increase demand more complex, higher value-added tools.Read more

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