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LANXESS on course for record year post its third quarter
Global sales increased by 25.1 % or EUR 483 million to EUR 2.4 billion. A year earlier, they amounted to EUR 1.9 billion. EBITDA pre exceptionals improved by 35 % to EUR 347 million, compared with EUR 257 million in the prior-year quarter. The contributions from the acquired Chemtura businesses as well as higher volumes had a particularly positive effect.Read more
GE Additive acquires GeonX to strengthen software simulation capabilities
GE Additive announced recently that it has acquired GeonX, a privately-owned developer of simulation software. Headquarted in Belgium, GeonX provides software for engineers when developing new products, to simulate additive manufacturing, welding, machining and heat treatment processes in various industries such as aerospace, automotive and energy.Read more
TCS announces IoT digital transformation partnership with Rolls-Royce
Tata Consultancy Services (TCS), a global IT services, consulting and business solutions organisation, and Rolls-Royce, the market-leader in high performance power systems, have announced the expansion of their long-standing partnership in order to exploit future data innovation opportunities.Read more
Magellan Aerospace breaks ground for new manufacturing and assembly plant in India
Magellan Aerospace hosted a traditional groundbreaking ceremony for the company's new manufacturing and assembly facility in India. The new 140,000 square foot building will be constructed on seven acres in Hitech Defence and Aerospace Park (Aerospace SEZ Sector) in Devanahalli, Bengaluru, near the Bangalore International Airport.Read more
Bosch packaging technology wins German Design Award 2018
The Sigpack VPF (Vertical Platform for Flat Pouches), the first freely scalable flat pouch machine from Bosch, has been honoured with the German Design Award 2018 in the excellent product design category. The German Design Council presents the prestigious award on an annual basis.Read more
Virgin Hyperloop One signs MoU with Government of Karnataka for its preliminary study
Virgin Hyperloop One announced its partnership with the Government of Karnataka to conduct its preliminary study to understand hyperloop's feasibility and economic impact in the region. The US-based company signed a Memorandum of Understanding (MoU) with the Karnataka Urban Development Department (KUDD) aimed at identifying potential routes to improve mobility in the Bengaluru metropolitan area and connect high growth cities such as Tumakuru, Hubli-Dharwad and Hosur within the state.Read more
Adient breaks ground on India's largest-ever automotive seating prototyping and testing facility
Adient (NYSE: ADNT), the global leader in automotive seating, today announced that it has broken ground on a state-of-the art automotive seating prototyping and testing facility in Pune that will be the largest of its kind ever to be built in India. Construction of the new facility marks a major expansion of Adient's existing technical center in Pune, already a world-class facility with the largest workforce among the automotive seating supplier's global network of tech centers.Read more
Slewing ring bearing from igus facilitates equipment monitoring
The lubrication-free and maintenance-free polymer slewing ring bearings from igus are suitable for installations where reliability is required. In order to avoid failure of the bearings and an unscheduled shutdown of equipment, igus has now developed the intelligent isense slewing ring bearing.Read more
GE Additive unveils first BETA machine from its Project A.T.L.A.S program
GE Additive unveiled the first BETA machine developed as part of its Project A.T.L.A.S program. The meter-class, laser powder-bed fusion machine has been developed to provide manufacturers of large parts and components with a scalable solution that can be configured and customised to their own specific industry applications.Read more
CB&I selected for the first vacuum residue upgrading unit in India
CB&I (NYSE:CBI) announced it has been chosen by Indian Oil Corporation Limited (IOCL) for the license, engineering design and catalyst supply for a residue upgrading unit in Mathura, India. The unit will use Chevron Lummus Global's (CLG) LC-MAX™ and ISOCRACKING® technologies.Read more