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Global manufacturing growth to slow down, CAGR of 3% to 2027

A report by market intelligence authority, Interact Analysis says that the manufacturing decline is now expected in 2024 rather than 2026. The Americas enjoyed a strong year for manufacturing growth in 2022, but labour shortages continue to hamper US manufacturers whereas the Chinese manufacturing economy gets back on its feet after a turbulent periodRead more

Earthmoving Equipment Tyres: Sturdiest solutions for the world’s most demanding work environments

Demand for construction and infrastructure products is growing as a direct outcome of population explosion and global economic growth. Increasing construction and mining activities globally is a key factor driving the market for earthmoving equipment tyres, says Yash Pathak. Read more

Goldstone Technologies, Quantron AG to forge a joint venture to build digital platforms

Goldstone Technologies Limited (GTL) and e-mobility major Quantron based in Germany are to set up a joint venture (JV) in Augsburg, Germany and Hyderabad to build digital platforms offering sustainability services.Read more

Schneider Electric appoints Deepak Sharma as Zone President Greater India, MD & CEO, SEIPL

Schneider Electric has appointed Deepak Sharma as the new Zone President – Greater India and MD & CEO, SEIPL effective May 1, 2023. He will be taking over this role from Anil Chaudhry, who held the position for more than years.Read more

Freudenberg shows profitability, heavy investments in 2022

Global technology group, Freudenberg presents figures for the year 2022 which shows sales of more than €11.7 billion with an increase of 17 per cent, operating profit of €941.8 million with an increase of 7 per cent and €2 billion investment in research and development with 15 per cent increase in investment on future technologies.Read more

Mahindra Research Valley at the forefront of automotive technology

Mahindra Research Valley (MRV), a flagship company of Mahindra Group sealed its leadership with record 210 patents in last 6 quarters. The patents granted is the highest number of patents to any Indian Original Equipment Manufacturer (OEM) during the period. 149 patent applications are just in the Electric Vehicle (EV) space.Read more

Looking beyond cobalt, Sandvik receives funds for research

Stockholm headquartered engineering group, Sandvik has received funding to investigate if it is possible to replace cobalt in the company’s rock drill bits by its research team. For years, industry experts have been trying to find a solution for replacing or decreasing the use of cobalt in the company’s rock drill bits.Read more

CNH Industrial acquires machine vision company Augmenta

CNH Industrial took the possession of a sustainable farming solution provider company, Augmenta. CNH Industrial will acquire Augmenta Holding SAS at an enterprise value of $110 million and will have a 10.5 per cent minority stake in the company.Read more

Avcon Controls aims to be among top 5 valve manufacturers

Fifty-four-year-old Avcon Controls has been producing automated valves for process control. In this interview, Manisha Dabholkar, Joint Managing Director, Avcon Controls, sheds light on changes taking place in industries, use of AI and IoT in manufacturing and Avcon’s strategy to align with the government's goal to make India a $5 trillion economy.Read more

Carr Lane flying high with novel clamping technologies

Carr Lane Manufacturing Co showcased its innovative range of solutions for aerospace industry at IMTEX 2023. It also showcased it’s made in India products at the event by the company; the Bangalore-based IBK Engineers distributes Carr Lane products in India.Read more

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