Swiss-based Zurich Insurance is offering supply-chain disruption policies aimed at assessing risk and providing cover in the transport and commercial hubs of Singapore and Hong Kong in what the global firm said was a first-of-its-kind service in Asia Pacific.
Ditzingen, Germany: The Trumpf Group registered a three percent increase in sales, with the figure amounting to €2.8 billion (US$3.12 billion), compared to previous year’s €2.7 billion.
Mr Reinhard Banasch, the global CEO of the Hoffmann Group shares his thoughts with Syed Shah on the developments and milestones since his appointment to the role in 2014.
According to the latest market study released by Technavio, the industrial robotics market in Asia Pacific is expected to grow at a compound annual growth rate (CAGR) of almost nine percent during the period from 2016 to 2020.
APMEN was invited to the Iscar customer seminar in Tefen, Israel to check out the latest products and innovations and have a chat with Jacob Harpaz, CEO of Iscar and President of the IMC Group. Syed Shah reports from Israel.
In their latest report, market researcher Technavio expects to see a growth in the Asia-Pacific automotive heat exchanger market at a compound annual growth rate (CAGR) of 9.24 percent from 2014-2019.
Total has announced its plans to build its largest lubricants oil blending plant in Singapore. With an annual production capacity of 310,000 metric tonnes, the new major hub will boost the company’s lubricant supply in the Asia-Pacific region, which accounts for more than a quarter of the company’s lubricant sales.
APAC continues to lead the global construction industry. In addition to high activity in dominant markets such as China and India, even the smaller markets are witnessing solid growth. Mongolia for example, recorded one of the strongest growth rates with a near 20% increase recorded. With project values currently standing at over $1 trillion; the region is characterised by an abundance of construction industry project opportunities.
Technology adoption in manufacturing is essential for certain companies to push forward their agendas. For other companies, it may be fine to play the follower’s role. By Joson Ng
Singapore: Jörg Ellerkmann will be appointed the new MD for Trumpf Asia Pacific on January 1, 2015. He succeeds Dr Hans-Peter Laubscher, who will relocate with his family to Germany after his stint in Singapore and Southeast Asia. Mr Ellerkmann joined the company in 1998 and was previously holding the position of head of national sales at the company’s headquarters in Ditzingen, Germany.
