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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
Valeo presents its immersive technologies at Laval Virtual
Laval Virtual, the virtual reality and augmented reality exhibition is happening from April 12 to 16 in France. The technology company, Valeo is participating in the event for the first time to showcase its innovations for accelerating the design of solutions and for in-vehicle applications.Read more
Brookfield making sustainable energy investment for $1 bn in Avaada Ventures
A formal agreement was signed recently between Canadian investor Brookfield and serial entrepreneur Vineet Mittal, founder of the Avaada group to invest into country biggest sustainable energy investment, told people aware on the topic demanding anonymity.Read more
RINL aims to manufacture 55,000 forged wheels, sets up a new factory in UP
Rashtriya Ispat Nigam also known as Vizag Steel, aims to produce 55,000 wheels this fiscal year. With the capacity to produce one lakh forged wheels annually, the company also sets up a factory in Lalganj, Uttar Pradesh to manufacture forged wheels. Read more
US’s ExxonMobil to build lubricant manufacturing plant in India
Texas-headquartered ExxonMobil is investing nearly INR 900 crore to build a lubricant plant in Raigad, Maharashtra. Expected to start in 2025, the new plant is expected to produce 159,000 kiloliters of finished lubricants and provide 1,200 new jobs in the country.Read more
Why India is the next big thing in manufacturing
With record exports last year and consistent high GDP growth, India has emerged as a leading investment option for international investors offering a big domestic market with potential to become a major global manufacturing hub. Clearly, India is a market to be in – currently and in the future, says Rakesh Rao.Read more
Amara Raja Batteries’ EV battery receives safety certificate
Amara Raja Batteries Ltd, India’s leading industrial and automotive battery major, has cleared the AIS-156 Amendment 3, Phase 2 and received the ARAI certification for its EV batteries and off-board chargers.Read more
Looking beyond cobalt, Sandvik receives funds for research
Stockholm headquartered engineering group, Sandvik has received funding to investigate if it is possible to replace cobalt in the company’s rock drill bits by its research team. For years, industry experts have been trying to find a solution for replacing or decreasing the use of cobalt in the company’s rock drill bits.Read more
The fundamentals of welding technology
Welding is a very popular and widely used fabrication process in which two or more than two similar metal parts are joined together at their contact points permanently. The science of welding is very vast and this article presents the key fundamentals of welding technology.Read more
igus will present next-level engineering through digital innovation at Hannover Messe
Motion plastics developer, igus is stepping up the pace of low cost automation and making entry into automation easier and affordable. It presents ReBeLmini cobot, RBTXperience software and virtual iguversum at Hannover Messe 2023.Read more