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Gulf Oil and S-OIL SEVEN join forces to expand footprint in India

Gulf Oil will oversee the production, distribution, and promotion of premium OEM like KIA India dealer network.Read more

Samsung receives Rs 500 cr incentives under PLI Scheme for increased production

The South Korean electronics manufacturer had submitted a claim under the PLI scheme for large-scale electronics manufacturing, which was introduced in 2020.Read more

South Korean battery giants face Chinese competition, eye innovation to stay ahead

South Korean battery manufacturers are now entering the LFP battery market, which has been dominated by Chinese companies.Read more

India imposes anti-dumping duty on Chinese Steel amid Surging Imports

China managed to surpass South Korea to become the largest steel exporter to India, selling 0.6 million metric tons between April and July.Read more

Asia's export powerhouses face manufacturing slump amidst weak demand

According to manufacturing purchasing managers' surveys released by S&P Global and au Jibun Bank, factories in North Asia witnessed declines in new orders, production, and export sales.Read more

Semiconductors sales slump strikes South Korea and Taiwan

Global demand for semiconductors has plummeted this year, hitting the heavily specialised manufacturing economies of South Korea and Taiwan particularly hard says Adrian Lloyd, CEO, Interact Analysis.Read more

GeM become one of the largest public procurement portal, marks 7 years

Government e-Marketplace (GeM) is India's online marketplace for public procurement. It commemorates its 7th Foundation Day and marks achievements in both transaction value and the breadth of the buyer-seller ecosystem.Read more

Semiconductor slump challenges global manufacturing growth

South Korea and Taiwan will be heavily impacted as such a large proportion of their manufacturing is tied to semiconductors and the electronics industry, says Interact Analysis’ report.Read more

Cobot market to see growth at 20% by 2023

A report by Interact Analysis shows that the collaborative robot market penetration is going to surpass 20 per cent by 2032, while the market in EMEA will have recovered by 2H 2023, the US collaborative robot market will take a while longer. Universal Robots retains the lion’s share of the global cobot market.Read more

Hannover Messe, a leading platform for hydrogen and fuel cells

At the upcoming trade fair, Hannover Messe, running from 17 to 21 April, around 500 companies will be presenting their solutions for hydrogen production, transport, storage and consumption. By 2030, the EU Commission wants to install electrolyzers with a capacity of at least 40 gigawatts to produce 10 million tons of green hydrogen in a phased-in process.Read more

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