Manufacturing in major Southeast Asian economies took a turn for the worse in July as activity at Indonesian factories contracted and growth in Vietnamese factories slowed, reported The Financial Times.
Read more...General Motors Co is optimistic about the recovering auto industry in China, and is responding to a shift in growth toward utilitarian models in small cities, Reuters reported.
Read more...Aleris has received a new multi-year contract with Airbus to supply aluminium plate and sheet to be used in the production of all Airbus aircraft programs. The contract begins in 2017 and will also include the supply of technically advanced wing skin material. This agreement will extend the Aleris relationship with Airbus.
Read more...
A metrology facility, covering 3,000-sq ft within the Innovation Centre of Silverstone Park in Towcester, England was recently launched by Hexagon Manufacturing Intelligence, in partnership with asset manager MEPC.
Read more...
Samsung Electronics has made a 3-billion yuan (US$450 million) investment in Chinese automaker and rechargeable batteries firm BYD Co Ltd.
Read more...
Boeing has revised its earlier prediction, expecting Indian airlines to order 1,850 new aircraft worth US$265 billion over the next 20 years.
Read more...The US cutting tool consumption in May totalled US$165.68 million, according to the US Cutting Tool Institute (USCTI) and The Association For Manufacturing Technology (AMT). With a year-to-date total of US$855.45 million, 2016 was down 9.1 percent compared with 2015.
Read more...Airbus has forecast that global commercial aviation aftermarket spending will hit US$3 trillion over the next 20 years, with the Asia-Pacific region expected to represent the largest market share for maintenance, repair and overhaul (MRO) activity, along with pilot and technician demand.
Read more...
Estonia-headquartered Magnetic MRO has launched five new line maintenance outstations, expanding its network of operations beyond its home base in Tallinn by adding Milan Malpensa, Vilnius, Copenhagen, Oulu, and Gällivare airports to its operations map.
Read more...Japanese aluminium products makers such as UACJ Corp and Kobe Steel are boosting output capacity in the United States to increase market share as automakers turn to the lighter metal to meet stricter environmental rules, reported Reuters.
Read more...