Orpington, UK: The future CAM software growth potential is predicted to be 17 percent this year and 29 percent over the next three to five years, according to results of the Worldwide CAD Trends 2016 Survey by research specialist The Business Advantage Group.
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Ditzingen, Germany: Trumpf is building a 5,000-sq m demonstration factory in Chicago, US, designed around Industry 4.0 solutions.
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Rome, Italy: Exports of Italian machine tools were down by 4.3 percent for the first three months of 2016 according to data from ISTAT-National Institute for Statistics—processed by UCIMU.
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Berlin, Germany: The German machine tool industry is in good shape, according to the German Machine Tool Builders’ Association (VDW) who reported that order bookings rose by 16 percent in Q2 2016 compared to Q2 2015.
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The US Manufacturing Technology Orders report for July 2016 shows that orders dropped 24.8 percent for the month compared to June, according to data from AMT – The Association For Manufacturing Technology. Year over year, monthly orders were down 23.0 percent compared to July 2015.
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As part of Sandvik Coromant Singapore focus month on Parting & Grooving, the company held an open house for its customers from August 10 – 12.
Read more...Seoul, South Korea: South Korea is running a trade deficit of automobiles with China for the first time due to Korean manufacturers’ increased production in China as well as the entry of Chinese low-cost players in South Korea.
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Kyoto, Japan: Kyocera Corp has constructed a 23,000-sq m manufacturing plant in Ganzhou City, Jiangxi Province, China for industrial cutting tools.
Read more...Manila, Philippines: Growth in Asia and the Pacific’s developing economies for 2016 and 2017 will remain solid as firm performances from South Asia, East Asia and Southeast Asia help offset softness from the US economy, and near-term market shocks from the Brexit vote, said an Asian Development Bank (ADB) report.
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Mumbai, India: Boeing has revised its earlier prediction, expecting Indian airlines to order 1,850 new aircraft worth US$265 billion over the next 20 years. The aircraft manufacturer had earlier estimated that India would require 1,740 planes valued at US$240 billion over 20 years. This new figure revision is an increase of six percent.
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