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.

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.

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.

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.

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.