Construction firm China Railway Group has secured a CNY2.4 billion (US$396m) contract to build a high-speed railway (HSR) line in Russia connecting Moscow with the city of Kazan.

FCI announced earlier this month the release of their new GCS, a silver-based plating technology.

In the recent April East Asia and Pacific Economic Update by the World Bank, the economic growth forecast for Indonesia this year was revised down from the 5.6 percent year-on-year forecast in October 2014 to 5.2 percent.

The imports of industrial machinery and manufacturing equipment to Vietnam is expected to rise this year, as a result of lower taxes due to the Free Trade Agreements (FTA) Vietnam has recently established with Australia, Chile, China, India, Japan and Korea.

The US cutting tool consumption for February totalled US$179.3 million, according to the US Cutting Tool Institute (USCIT) and the Association for Manufacturing Technology (AMT). This total, as reported by companies participating in the, was down 2.3 percent from January’s total, but a 1.6 percent improvement as compared to February last year.

Electrox and TYKMA have merged in a major deal that will enable both to launch ambitious growth plans into North America.

Rochdale-based Holroyd Precision Limited was announced to have won the Queen’s Award for Enterprise, the UK’s highest accolade for business success.

RS Components and Allied Electronics have announced a new global distribution agreement with Taiwan Semiconductor. The agreement extends the existing partnership of the two companies into North America.

Since the unveiling of the pioneering and ground-breaking Lotus Elise in 1995, Group Lotus plc (Lotus) has reached another production landmark. No less than 40,000 examples have been produced of its “small car platform”, epitomised by the brilliant Lotus Elise, which has maintained standards in light weight and efficiency, while producing a benchmark in handling that contributes to a pure driving experience.

Stratasys Limited has announced that in December 2014, Airbus has produced more than 1000 flight parts using its FDM 3D Production Systems for use in the first-of-type A350 XWB aircraft.