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Visteon to invest $ 20 million to localise backlight manufacturing in India
The new facility is part of Visteon’s overall plans for the Indian market, particularly in the cockpit electronics segment. “India is going to be our first market where we’re investing in vertical integration of display manufacturing,” said President, CEO, Sachin LawandeRead more
Evonik to cut up to 2,000 jobs globally by 2026
German Chemical Company Evonik Industries, known for its products used in various items including animal feed and Pfizer/BioNTech's COVID-19 vaccine plans to cut jobs by 2026 in order to reduce costs.Read more
Compact multi-axis drive, motor drives reshaping low voltage AC drive market
The demand for more modular, compact machinery has increased innovation within the drives market, leading to the development of space-saving solutions, says Brianna JacksonRead more
India's Manufacturing Sector Growth Hits 5-Month High in February 2024
India’s manufacturing sector growth climbed to a five-month high in February 2024 amid a sharper uptick in factory production and sales, supported by both domestic and external demandRead more
Mandaviya inaugurates 40 facilities to manufacture bulk drugs, medical devices
India has taken a big step towards self-reliance, with the commissioning of 27 new bulk drug facilities and 13 medical device manufacturing plants.Read more
PSMC Corporation to assist TE to build 12-inch wafer fab in Gujarat
The new semiconductor company in India is expected to create more than 20,000 local job opportunities in the future.Read more
Defence Ministry signs contract with L&T for high power radars
High Power Radars is a static sensor for long range aerial surveillance with higher uptime. Equipped with multiple Next- Gen features and capable of remote operations.Read more
Why is UPS industry banking on green technology
Rising energy prices and environmental awareness is driving companies to develop green uninterruptible power supply (UPS) technology to reduce energy consumptionRead more
Schmersal India celebration: Achieving milestones together
The Schmersal India offers its customers the largest range of safety switching appliances and systems worldwide for the protection of human life and machines.Read more
Siemens’ Innomotics: Who will purchase this motor giant?
In November of last year, Siemens announced that it is actively seeking a buyer for its Innomotics business. In this article, Vanessa Lopez explores the likely contenders to buy this motor giant.Read more