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Industry News Articles Current Technical Analysis, Views & Updates

Key Demographics of EMO Hannover Visitors

Key Demographics of EMO Hannover Visitors The recent relaunch of EMO Hannover after a four-year hiatus proved to be highly successful. EMO Commissioner General Carl Martin Welcker summarized the event as a triumph, highlighting several key strengths such as the global participation of exhibitors and visitors, as well as the platform's ability to showcase cutting-edge technical innovations. The event garnered significant interest from around the world and maintained a favorable...

IMTMA to host Machine Tool Connect Kolhapur 2023

IMTMA to host Machine Tool Connect Kolhapur 2023 The Machine Tool Manufacturers' Association (IMTMA) is all set to host a two-day business-to-business (B2B) exhibition in Kolhapur. Known as Machine Tool Connect Kolhapur 2023, this event is scheduled to take place from October 8th to 9th, 2023, at the Pavilion Hotel in Kolhapur, Maharashtra. Machine Tool Connect Kolhapur 2023 facilitates brand promotion, industry outreach in Tier 2, 3, and 4 Indian regions,...

Sterlite Power acquires Beawar Transmission Limited Project from REC

Sterlite Power acquires Beawar Transmission Limited Project from REC Sterlite Power has disclosed its acquisition of Beawar Transmission Limited, a Special Purpose Vehicle (SPV), from REC Power Development and Consultancy Limited, a wholly-owned subsidiary of Rural Electricity Corporation. Sterlite Power was awarded the project through the Tariff Based Competitive Bidding (TBCB) process in August 2023. The company will construct the Green Energy Corridor project through the Beawar Transmission Limited SPV on...

OMRON Introduces MD-650 Autonomous Mobile Robot for Enhanced Efficiency

OMRON Introduces MD-650 Autonomous Mobile Robot for Enhanced Efficiency OMRON, a prominent player in the field of factory automation and Industry 4.0 solutions, has introduced the MD-650 Autonomous Mobile Robot (AMR). This innovative robot offers enhanced operational efficiency within manufacturing facilities. With the introduction of this medium-payload robot, capable of carrying up to 650 kg, OMRON has broadened its range of autonomous robots to cater to a more diverse set...

Addressing manufacturing’s looming workforce crisis

Addressing Manufacturing's Looming Workforce Crisis In an era where statistics tell a compelling story, the state of the manufacturing sector's workforce shortage becomes starkly evident. According to the Hays Global Skills Index, a shortage of nearly 50,000 engineers currently plagues the industry. To compound this challenge, the German Economic Institute forecasts that, by the end of the decade, the number of STEM professionals retiring will outnumber new graduates entering the...

BKT to showcase its state-of-the-art masterpieces at IME Kolkata

BKT to showcase its state-of-the-art masterpieces at IME Kolkata Balkrishna Industries Ltd. (BKT), the Indian multinational Group and a leading global player in the Off-Highway tire market will participate in the 10th edition of the International Mining Exhibition (IME) in Kolkata, organized by the MGMI and TAFCON. The event will be held between November 6th and 9th at Eco Park, Rajarhat in Kolkata. The trade fair will provide an excellent...

ABB to roll out electric powertrain system for ArcelorMittal Nippon Steel’s new steel mill in Hazira

ABB to roll out electric powertrain system for ArcelorMittal Nippon Steel’s new steel mill in Hazira ABB is working in partnership with SMS group, a specialist in plant construction, mechanical and electric & automation engineering for the metals industry, to provide all the MV motors and MV drives for ArcelorMittal Nippon Steel’s new hot strip mill in India. The scope also includes a large number of low voltage (LV) drives....

Aurassure raises Rs. 4 Cr in seed round from Unicorn India Ventures

Aurassure raises Rs. 4 Cr in seed round from Unicorn India Ventures Bhubaneswar-based IoT enabled climate tech startup Aurassure has raised Rs 4 crore in a seed round led by Unicorn India Ventures. “The funds raised will be deployed to strengthen product capabilities by creating a data analytics team, acquiring product certifications for international scaling, and sales team expansion for growing reach to multiple cities,” the start-up said. Aurassure using its powerful...

Metso opens new manufacturing facility in Alwar, Rajasthan

Metso opens new manufacturing facility in Alwar, Rajasthan Metso has extended its manufacturing capacity of mobile track-mounted crushing and screening equipment in Alwar, India, by opening new manufacturing facilities. After the extension is complete, the total size of the Alwar factory is approximately 3,40,000 square meters (Approx 85 acres), adding 35% more capacity to the factory initially opened in 2008. The Alwar factory has become one of Metso's biggest manufacturing...

CECIMO’s Global Machine Tool Insights

CECIMO's Global Machine Tool Insights Officials from machine tool associations, representing over 80% of global machine tool production, convened at the premier production technology trade fair to showcase their resilience and robustness in the midst of numerous global challenges. Despite a stable outlook for 2023, predictions for the worldwide machine tool industry are moderated by a multitude of international and economic obstacles. Leveraging the industry's combined capabilities, cooperation, inventive thinking,...

igus presents cutting-edge technology at EMO 2023

igus presents cutting-edge technology at EMO 2023 In addition to the shortage of skilled workers, the machine tool industry faces significant challenges, including high energy costs, mounting cost pressures, and declining incoming orders. To thrive in this demanding environment, companies must enhance their production capabilities while maintaining cost-efficiency. Consequently, igus will showcase cutting-edge technologies at EMO 2023, designed to alleviate these challenges. These technologies include user-friendly, cost-effective robots, an online...

EMO Hannover opens; 1,850 exhibitors from 42 countries participating

EMO Hannover opens; 1,850 exhibitors from 42 countries participating EMO Hannover officially opens its doors today after a four-year break. "Some 1,850 exhibitors from 42 countries will be showcasing their latest machines, solutions and services for industrial production at the world's leading trade fair for production technology," says Carl Martin Welcker, General Commissioner of EMO Hannover at the opening press conference. "EMO is the hub of the international industry for...

OMRON Device & Module Solutions business charts out strategy for growth in India

OMRON Device & Module Solutions Business Charts Out Strategy for Growth in India OMRON Device & Module Solutions business, a leading provider of electronic components, has announced its strategic growth plan for India. Focused on four key growth domains, the company aims to strengthen its presence via working together with market & technology leaders to create advanced solutions catering to varied industry needs in these domains. The growth domains charted out...

PM lays foundation stone for Rs. 49,000 Cr petrochem project in MP

PM lays foundation stone for Rs. 49,000 Cr petrochem project in MP Prime Minister Narendra Modi laid the foundation stone for Rs. 49,000 crore petrochemicals project at Bharat Petroleum Corporation Ltd's (BPCL) Bina Refinery in Madhya Pradesh. The Project involves increase in BPCL’s Bina Refinery capacity from 7.8 MMTPA to 11 MMTPA. “The entire project will be completed in 5 years and will save Forex outgo of Rs. 20,000 crores per...

eTrans Solutions acquires Ranet4u, aims Rs. 100 Cr turnover in 3 years

eTrans Solutions acquires Ranet4u, aims Rs. 100 Cr turnover in 3 years eTrans Solutions Pvt Ltd, a Kolkata-based e-logistics, fleet management solutions company, recently completed the acquisition of Bengaluru based Telematics and IoT company Ranet4u - a subsidiary of Rane Holdings. As per the acquisition agreement, Rane Holdings. has been allotted 8,62,505 (Eight lakhs sixty two thousand five hundred and five) Equity Shares having face value of Rs.10/- each, in exchange...
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