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Celeros FT to sell its Filtration business unit to London’s Px3 Partners
Celeros Flow Technology under an agreement has announced to sell its Filteration business unit to private equity firm of London Px3 Partners. BofA Securities is serving as financial advisor, Ernst & Young is serving as tax advisor to Celeros FT.Read more
Why do warehouses hurt air quality and neighborhood noise levels?
Air and noise pollution from warehouses can reduce the value of homes, increase wear on roads and expose neighborhoods to excess amounts of greenhouse gas emissions. However, there are solutions to these problems, writes Emily Newton.Read more
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
Sundram Fasteners shows Rs 500 Cr profit in audited financial results for FY23
The board of directors of Sundram Fasteners Limited announced the audited financial results for the year ended March 31, 2023. It showed the twin milestones of crossing consolidated revenues of Rs 5,000 crores and net profit of Rs 500 crores by the company.Read more
Annual ARC Industry Forum Asia is driving sustainability, energy transition
The Annual ARC Industry Forum Asia is organised by ARC Advisory Group in two forums this year. The event will take place in Tokyo, Japan on June 20 and Bangalore, India on July 12 to 13. Industrial Product Finder will be one of the media sponsor at the event. Read more
Godrej & Boyce launches India’s first-ever Safety App ‘i-Report’ for Material Handling Operations
Godrej Group’s Godrej RenTRUST is India’s largest rental equipment provider investing significantly to promote safety on the shop floor and warehouses. On 33rd Safety Foundation Day celebration, the company launched i-Report app which is equipped with over 1000 trained operators stationed at more than 200 locations.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
Brakes India forays into lubricants with the all-new brand Revia
Brakes India entered into lubricants segment with a new brand named Revia. The engine oils will cater to both passenger car and commercial vehicle segments.Read more
Human will remain the master even in the factories of the future
In this interview with Rakesh Rao, Anup Wadhwa, Director, Automation Industry Association, highlights the challenges and opportunities before Indian manufacturers as they take steps towards smart manufacturing.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