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Mitsubishi Electric to set up AC, compressor manufacturing facility in Tamil Nadu
The government of Tamil Nadu and Mitsubishi Electric Corporation signed a memorandum of understanding (MoU) to build an air conditioner (AC) and compressor manufacturing plant in India. The 52-acre site will be set up in Thiruvallur District, Tamil Nadu.Read more
ICEMA annual industry results for FY 2022-23 shows 26 per cent YoY growth
Indian Construction Equipment Manufacturers' Association (ICEMA) released its industry result for the FY 2022-23. The results shows construction equipment sales grew 26 per cent to cross 1 lakh mark with 28.5 per cent growth in domestic sales YoY, and 3 per cent growth in exports.Read more
Plexconnect 2023 foresees 380 international buyers from over 63 countries
The international plastic event, Plexconnect 2023 is happening from June 15 to 17, 2023 at Bombay Exhibition Centre (NESCO), Mumbai. The event organised by Plastics Exports Promotion Council of India (Plexconcil) anticipates buyers from countries such as 63 countries Kyrgystan, Uzbekistan, Korea, Brazil, Israel, and Indonesia.Read more
Daimler India Commercial Vehicles shows strong revenue and sales in 2022
Daimler India Commercial Vehicles achieved sales volume growth of 25 per cent in 2022 with total 29,470 vehicle sales. 200,000 cumulative vehicles produced in Oragadam plant, with highest-ever vehicle exports, parts sales and domestic sales in the year. Read more
APM Terminals Pipavav to set up new liquid berth at $90 million
The leading gateway port, APM Terminal Pipavav’s new liquid berth with a commitment to strengthen the nation's logistics infrastructure and invest in the future of the country, will have a capacity of handling 3.2 MMT of Liquid Bulk adding to the existing capacity of 2 MMT. Read more
Top 3 CNC machines smart factories rely on
Many modern CNC machines have connected and highly advanced features that make them appealing to buyers. These products may require a slight learning curve, but that’s less likely when installed in a smart factory, says Emily Newton.Read more
Teledyne FLIR unveils Si124-LD Plus acoustic imaging camera
Teledyne FLIR, a company producing thermography products, launched an advanced acoustic camera, Si124-LD Plus, for industrial uses with the compressed air leak detection, improved sensitivity, auto filtering, and auto distancing features. Read more
Indian market has a huge demand for hydraulic products
Static Hydraulic is a renowned engineering firm with immense experience in the field of manufacturing a comprehensive variety of hydraulic accessories. Sanajit Lahiri, MD, Static Hydraulic, in this interview, tells that the company is looking to grow in coming years with its newly established plants in West Bengal to manufacture varied hydraulic equipment.Read more
HMS Networks’ Anybus Wireless Bolt II helps industrial companies increase uptime
HMS Networks unveils its Anybus Wireless Bolt II, an industrial Wi-Fi 5 access point (AP) and wireless distribution system (WDS) client. It features better durability, security, and performance, with faster speeds and increased throughput.Read more
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