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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
LANXESS partners Siemens for supply of automation systems
Global specialty chemicals firm LANXESS is securing strong support on its growth path and intensifying its long-standing cooperation with Siemens. Read more
Ashoka Bearing will achieve 25% growth this year
The rising demand for bearings across various end-user segments like automotive, machine tools, precision engineering, advanced medical equipment as also different types of bearings for use in extreme conditions, is expected to drive the growth of this industry. Read more
Sundaram Auto Components' Mysuru plant conferred with TPM Excellence Award
Mysuru plant is one of the 25 manufacturing units globally to bag the honour for 2021Read more
Business Environment Set for Growth
The share of manufacturing in India's GVA (Gross Value Added) has seen a gradual fall in the last one decade despite a surge in private consumption demandRead more
Balu Forge buys Mercedes Benz’s German precision machining unit
Balu Forge Industries Ltd (BFIL) - the Mumbai-based manufacturer of fully finished and semi-finished forged crankshafts and other forged components for automotive industry - has acquired the Precision Machining unit of the Mercedes Benz Truck Factory in Mannheim (Germany). 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
Geared motors market on a smooth ride
Machinery manufacturers are the main consumers of geared products. Conveyor manufacturers, who were the largest market for geared products in 2020, are expected to see strong growth in the coming years driven mainly by the logistics and factory automation sectors, says Shirly Zhu.Read more
SKF develops bearings to overcome challenges in EV making
The company’s technologies help automakers accelerate electric vehicle (EV) development & production. SKF addressed some of the challenges unique to EVs by redesigning the bearings and their components, such as the polymer cage, rolling components and by using special lubricating grease.Read more
ABB’s Nelamangala unit receives TERI’s water positive certificate
The Nelamangala unit, which delivers robotic applications and digital solutions, also houses one of the first smart factories in Bangalore to produce ABB’s entire range of smart power products.Read more