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Global manufacturing growth to slow down, CAGR of 3% to 2027

A report by market intelligence authority, Interact Analysis says that the manufacturing decline is now expected in 2024 rather than 2026. The Americas enjoyed a strong year for manufacturing growth in 2022, but labour shortages continue to hamper US manufacturers whereas the Chinese manufacturing economy gets back on its feet after a turbulent periodRead more

Earthmoving Equipment Tyres: Sturdiest solutions for the world’s most demanding work environments

Demand for construction and infrastructure products is growing as a direct outcome of population explosion and global economic growth. Increasing construction and mining activities globally is a key factor driving the market for earthmoving equipment tyres, says Yash Pathak. Read more

Goldstone Technologies, Quantron AG to forge a joint venture to build digital platforms

Goldstone Technologies Limited (GTL) and e-mobility major Quantron based in Germany are to set up a joint venture (JV) in Augsburg, Germany and Hyderabad to build digital platforms offering sustainability services.Read more

Schneider Electric appoints Deepak Sharma as Zone President Greater India, MD & CEO, SEIPL

Schneider Electric has appointed Deepak Sharma as the new Zone President – Greater India and MD & CEO, SEIPL effective May 1, 2023. He will be taking over this role from Anil Chaudhry, who held the position for more than years.Read more

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

India embedding sustainability in manufacturing to become a global hub

With India becoming the large manufacturing hub, the question of sustainability stands a big doubt on country’s capability. P Kaniappan suggests that inclusion of sustainable practices in manufacturing operations will help India reach the pinnacle of developments.Read more

IPF’s 3i Expo webinar: Aatmanirbharta through manufacturing excellence

Industrial Products Finder (IPF) hosted a virtual panel discussion on the topic of 'Aatmanirbharta Through Manufacturing Excellence' as part of the 3i EXPO 2023 webinar series. The session discussed the challenges and potential of the Indian manufacturing sector to be self-reliant in coming years. Read more

CNH Industrial acquires machine vision company Augmenta

CNH Industrial took the possession of a sustainable farming solution provider company, Augmenta. CNH Industrial will acquire Augmenta Holding SAS at an enterprise value of $110 million and will have a 10.5 per cent minority stake in the company.Read more

Globalisation resilient even as US-China decoupling advances: DHL Global

Global flows of trade, capital, information stronger than pre-pandemic; people flows recovering, says the new DHL Global Connectedness Index 2022. There is no compelling evidence of global economy disintegrating into blocs. Share of US flows involving China decreased in 8 out of 11 examined areas, including merchandise exports and imports, and specific capital flows.Read more

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