Mitsubishi Motors Philippines Corporation (MMPC) and Toyota Motors Philippines Corporation (TMPC) have announced that they will be investing approximately P8 billion (US$172 million) under the Philippine government’s Comprehensive Automotive Resurgence Strategy (CARS) programme by 2018.
Read more...TM Robotics and Toshiba Machine have announced a partnership with Caionix, a distributor of industrial robots in Egypt.
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The worldwide sales of industrial robots reached a new record number of 248,000 units in 2015, according to a research by the International Federation of Robots (IFR). This is a 12-percent rise, compared to 2014’s sale numbers of 221,000 units. According to the IFR, more than one in every four of those units went to China.
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Boeing is introducing a faster layer of automation into its 737 factory, adding a new robotic system to drill holes in the main beams inside each wing known as spars.
Read more...India will become one of the top global steel consuming nations in the next 10 years if there is a sustained government spending on infrastructure like roads, railways, power and housing, according to India’s steel giant SAIL chairman P K Singh.
Read more...According to the PMI data released by Markit Economics, the manufacturing conditions in China continued to contract and dropped to its weakest level in three months, while that of Indonesia remained in expansion mode. Like China, Malaysia’s manufacturing conditions too, deteriorated further to a five month low.
Read more...Beckhoff Automation, a provider of open automation products based on industrial technologies, has released a statement for its 2015 financial year. The company reported a successful financial year, which saw global sales increased by 22 percent to reach €620 million (US$691.4 million). Represented in more than 75 countries, Beckhoff’s exports in 2015 accounted for 65 percent of total sales.
Read more...Sato, a global provider of auto-ID solutions announced the restructuring of its Indonesia business. It renamed its Indonesian labels production unit to PT Sato Label Indonesia. Its production is now housed in a new plant. Sato has also established a new sales unit named PT Sato Label Solutions. This organisational restructuring is in view of the growing Indonesian market.
Read more...The global metalworking fluids market is expected to reach US$11.99 billion by 2022, according to a new report by Grand View Research Incorporated.
Read more...The German machine tool industry achieved a record in production last year, generating €15.1 billion (US$16.7 billion) with machinery and services, according to the German Machine Tool Builders’ Association (VDW). This is a four percent increase from 2013.
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