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High performance plastic market to reach $ 6,979 million in 2021
The global high performance plastics market in the transportation industry was estimated to be $ 5,182 million in 2016 and this is projected to reach $ 6,979 million by 2021, growing at a CAGR of 6.1% during 2016-2021 on account of supportive government policies and regulations, growing usage of high performance plastics by automotive and aviation industries and rising demand for plastics (with higher temperature stability, chemical resistance and better mechanical properties) worldwide.Read more
NUM releases advanced database-driven tool management software
NUM has released a new software facility for its latest-generation Flexium+CNC platform that places an advanced tool management system at the disposal of manufacturers operating multiple CNC machine tools. It is especially suitable for complex high-end milling applications, as well as HSM applications in the mould and die market. Read more
ABB motor reaches almost 100 per cent energy efficiency - saves half a million dollars
Tests carried out on a 44 megawatt 6-pole synchronous ABB motor shortly before delivery showed an efficiency 0.25 per cent greater than the 98.8 per cent stipulated in the contract, resulting in the world record for electric motor efficiency. This efficiency improvement could save approximately USD 500,000 in electrical energy costs over the course of a 20-year lifetime for each motor.Read more
