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Maritronics India dives into defence equipment manufacturing

To strengthen its manufacturing capabilities, the company has signed an initial pact with Goa Shipyard Ltd (GSL) to jointly develop and market navigation, communication, and automation equipment for marine vessels for the domestic defence market.Read more

Asia's export powerhouses face manufacturing slump amidst weak demand

According to manufacturing purchasing managers' surveys released by S&P Global and au Jibun Bank, factories in North Asia witnessed declines in new orders, production, and export sales.Read more

Fraunhofer IMM develops ammonia-based systems for eco-friendly energy supply

In the future, ammonia could play a decisive role in the transition from fossil fuels to climate-friendly alternatives — as long as it is produced from green hydrogen, for example, using renewable energy sources. Ammonia is easy to store and transport. Researchers at the Fraunhofer Institute for Microengineering and Microsystems IMM are developing ammonia-based systems for a mobile, decentralised energy supply in the infrastructure, transportation and industry sectors.Read more

Mazagon Dock to use Altair solutions for ship designing and building

MDL will utilise Altair solutions for simulation-driven design and validation, structural fidelity calculations, shock and vibration assessments, hydrodynamic loading, electromagnetic simulation, etc.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

The next 30 years belong to New India under AtmaNirbharatha

In the last 75 years (after independence), India has shifted from 'license raj’ regime (pre-1991) and to liberal economic policies (post-1991). The next 30 years are full of promise for the country, and the Indian will play a key role in an exciting new world, where sustainable industrial development will be the watchword, says R Jayaraman.Read more

Gandhi Automations recognised as Star Export House by Govt of India

By exporting their products to more than 30 countries, Gandhi Automations is actively contributing to India’s growth through foreign exchange. It has been consistently delivering the best-in-class entrance automation products and loading bay equipment globally.Read more

India’s export of engineering goods crosses $8 bn mark in May 2021

May 2021 witnessed YoY growth for engineering goods and the US topped as India's export destination at $1,022 million. Shipments to China continued to decline and fell sharply by 35% to $444.65 million, says EEPC India.Read more

CRISIL: Lower oxygen supplies to impact SMEs in key five sectors

These 5 sectors - metal fabrication, automotive components, shipbreaking, paper, and engineering - typically do not have captive oxygen plants and source their need through merchant suppliers for operations such as welding, cutting, cleaning and chemical processes, says CRISILRead more

Ministry of Shipping unveils a dispute resolution mechanism SAROD-Ports

The initiative is targeted towards attracting more private sector investments and should be favourable for the sector if it is able to resolve disputes at low costs and in a time bound manner.Read more

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