Europe to the rescue of South African vehicle manufacturers
Exports have become the lifeblood of South African vehicle manufacturers. Despite precarious domestic demand, assembly plants are working at close to capacity, according to a FM report. A spike in demand for South African-built vehicles in Europe and Asia has mitigated the fallout from plunging local sales and a collapse in markets across Africa.
AMRC invents hybrid 3D printing process ‘game-changer’
The Design and Prototyping Group of the Advanced Manufacturing Research Centre (AMRC) with Boeing has developed a unique hybrid 3D printing process that allows electrical, optical and structural elements to be introduced throughout an additively manufactured component during the build process.
Zuse Holding GmbH acquires Hüller Hille
The new company Zuse Hüller Hille Werkzeugmaschinen GmbH is to relocate to Mosbach, Germany, where the Diedesheim plant is located, and will establish its first development and manufacturing centre in Europe there. Diedesheim’s plant, its 185 employees, 15 apprentices and infrastructure will be retained.
Aerospace materials market to be worth $25.80 billion by 2022
According to “Aerospace Materials Market by Type (Aluminium Alloys, Steel Alloys, Titanium Alloys, Super Alloys, and Composite Materials), Aircraft Type (Commercial Aircraft, Business & General Aviation, Helicopters), and Region—Global Forecast to 2022,” published by MarketsandMarkets™, the market is projected to reach $25.80 billion by 2022.
Global aluminium scrap recycling market to grow 8 per cent through 2021
London-based Technavio has released a report that projects growth in the global aluminium scrap recycling market to 32.12 million metric tons by 2021, at a CAGR of nearly 8 per cent. The report divides the market into secondary smelting and downstream segments, covering the APAC, Americas and EMEA regions.
Harley-Davidson’s decision to build plant in Thailand raises eyebrows
Harley said the Thai plant will not result in American job losses, arguing instead it will enable them to grow their business using American-built parts. Harley-Davidson, the iconic motorcycle brand hailed by President Donald Trump for keeping jobs in America, is building a plant in Thailand, the company confirmed on May 25, as it seeks new buyers in Asia, and lower tariffs.
TaeguTec partners with MachiningCloud
As part of this partnership, which utilises the convenience of cloud-based technology, end users will be able to quickly optimise the way they gather information for their manufacturing operations by effortlessly searching for the proper cutting tool that best fits their cutting conditions, the firms say.
Turkey: The engine driving its international competitiveness in the automotive industry
Turkey is a transcontinental country bordering South-eastern Europe and South-western Asia with the majority of the country located in the latter. It has a population of 79.4 million people. Turkey’s economy is the 17th largest economy in the world, with a Gross Domestic Product (GDP) of $799.54 billion.
EU slaps China with new steel anti-dumping duties
The European Union imposed new anti-dumping duties on steel products from China on June 9, as it broadens its campaign to protect struggling steel manufacturers in Europe. The EU took the latest action against China, which makes more than half the worlds steel, for allegedly flooding global markets in violation of international trade agreements.
Has Sandvik just turned turning on its head?
In March 2017, Sandvik celebrated the 75th anniversary of the establishment of its Coromant brand at the company’s facilities in Sandviken, Sweden, complete with cake and all. There was even a special present. It was, however, not one that Sandvik received, but one it presented to manufacturers that rely on turning operations, writes James D. Sawyer, Editor in Chief at SME.
Mclaren-Honda extends exclusive machine tool partnership with Mazak
McLaren-Honda has further extended its contract with Yamazaki Mazak, ensuring the manufacturer continues in its role as the sole official supplier of CNC machine tools to the McLaren-Honda Formula One team. Mazak has supplied the team for 18 years, and currently has a total of 33 machines installed at the McLaren Technology Centre in Surrey.
Fermel mining vehicle chosen as finalist for Swedish Steel Prize 2017
One of the finalists chosen is a mining vehicle manufactured by South African company Fermel. Fermel has developed a unique range of multi-purpose vehicles for safe transportation in mines. The vehicles meet new, more stringent safety legislation and are intended to replace the re-built standard vehicles currently used.
Bell wants to start plant in US
Listed manufacturer of heavy equipment for the construction and mining sectors Bell Equipment is considering establishing a manufacturing plant in the US, according to a newspaper report. However, chief executive Gary Bell said the opening of the plant in the US would not have much impact on jobs in the company’s South African operations.
Red Bud Industries to host coil processing seminar in Johannesburg
Red Bud Industries will be hosting a coil processing seminar at the Southern Sun O.R. Tambo International Airport Hotel in Johannesburg, South Africa, on 21 June 2017. Attendees will learn about blanking, multi-blanking, leveling, slitting, and a new process (EPS®) for hot roll black material along with learning how to apply new technology, improve tolerances, produce optimum flatness in material, and maximise overall efficiency.
Scaw Metals upgrades McKinnon Chain factory
Large diameter chains are used in various industries for lifting applications, while the masterlink and subassemblies are sold mostly into the international offshore oil and gas sector. Specialising in high-grade chains, McKinnon produces all grades of welded chain including lifting, transportation tie down chains, several types of hardware chain, coal conveyor chain, kibble and mining chain.
Paramount Group unveils new version of Mwari aircraft
Paramount Group, the African-based global defence and aerospace company has announced the launch of Mwari, a military variant of its Advanced High Performance Light Aircraft (AHRLAC) that comes with a South African designed, developed and tested advanced mission system – a high-wing, two-seat aircraft.
DTI enthusiastic about R4 billion titanium beneficiation project
The launch of a new R4 billion titanium beneficiation project for manufacturing titanium pigment at the Richards Bay Industrial Development Zone (IDZ) is a significant and commendable milestone in South Africa’s mineral beneficiation and industrialisation paths,” said Trade and Industry Minister Dr Rob Davies.
VWSA to ramp up new Polo production
Production of the first confirmation models have already started. Most of the major installations were completed over the Christmas shutdown, with the last work due to have taken place over the Easter period in April. The Uitenhage plant will also produce a second new model, and possibly a third.
Auto Industrial Machining named South African Kaizen champion
In the presence of manufacturers across sectors and international manufacturing experts, the Johannesburg based company, involved in the machining and assembly of chassis and drive train components to clients including OEMs, claimed the top award for their winning Kaizen, “change for the better”.
Management buyout enables majority stake in Rely IntraCast and Walro Flex
Rely IntraCast’s current Managing Director Mark Hughes and the current Managing Director of Walro Flex, Carlos Palinhos, have completed a MBO (management buyout) to become majority shareholders in the respective companies that will in future fall under a recently established industrial holding company Intakobusi Holdings (Pty) Ltd.
Concorde completes final journey to new £19 million home
The last Concorde ever to fly has safely completed her journey to Aerospace Bristol, a new £19 million museum in Filton, to the north of Bristol, UK. The new museum has been supported with a £180 000 donation from global engineering technologies company Renishaw, which was created by two former Rolls-Royce employees to commercialise an innovation that solved a measurement problem faced in the manufacture of the Olympus engine that powered Concorde.
Adira unveils world’s first tiled laser melting metal 3D printer with biggest ever build volume
Big things are happening in the metal 3D printing industry, where hardware is rapidly becoming ready for large volume production. For years, metal 3D printing technology has been seen as ‘not quite there yet’, in part thanks to material, size and build volume restrictions. But these limitations are systematically being dealt with.
CO2 out; fiber in, says Bystronic
It has been reported that David Larcombe, managing director of Bystronic UK, has revealed that since August 2015 the company has not sold a single CO2 laser cutting machine in Britain or Ireland. It has, however, sold 14 fiber laser models during November and December last year alone.
Boeing plans first manufacturing plant in Europe
The parts are described as actuation devices on the trailing edge of aircraft wings. Trailing edge actuation systems are responsible for extending and retracting wing flaps during different phases of flight. The flaps add lift that allow take-off and landing at lower speeds, and provide drag to help slow the aircraft.
IPG exceeds $1 billion in annual sales
IPG Photonics has reported annual sales exceeding $1 billion in 2016, an increase of 12 per cent year-over-year. The company’s fourth quarter sales, driven by the materials processing markets, increased by 25 per cent to $280.1 million year-over-year. The company reported strong growth in China, Europe, Russia and Japan, while sales in North America were slightly up from Q4 2015.
Yaskawa invests in European manufacturing centre
Japanese motion control and robotics specialist Yaskawa is intensifying its presence in Europe, with the aim of becoming one of the two leading manufacturers of industrial robots in strategic target markets. The company will expand its production capacities and open a new robot manufacturing plant and a new European robotics development centre in Slovenia.
EMO heading for record registrations
Just under a year before the world’s largest machine tool exhibition begins, the figures for official registration at EMO 2017 are looking rather impressive. More than 1 700 firms from 40 different countries have already registered, booking a stand area totalling 152 000m² for the show, which takes place 18 to 23 September 2017 in Hannover, Germany.
Sandvik Coromant to partner DMG MORI
Sandvik Coromant has signed an agreement to become a “premium partner” of DMG MORI. The deal, which makes Sandvik Coromant the only tooling manufacturer to be named as a DMG MORI premium partner, will further strengthen the relationship between the companies on a global scale.
Bystronic partners with Lantek for management software systems
Sheet metal processing systems and services provider Bystronic has entered a technology partnership and strategic global alliance with Lantek, developers of software solutions for the optimised production of sheet metal, tube and profile parts. Under the terms of the agreement, Lantek will provide Bystronic with manufacturing management software systems and consultancy expertise.
Italian machine tool builders profit from tax changes
Italian manufacturers reportedly are benefiting from a new tax provision that allows them to claim credits up to 250% of the value of their capital investments in high-technology products. The so-called Industry 4.0 tax incentive was promoted and implemented by the now ousted government of former Prime Minister Matteo Renzi.
GE buys Germany’s Concept Laser after SLM bid fails
US conglomerate General Electric has agreed to buy privately held German 3D printing firm Concept Laser for 549 million euros, it said after its bid for rival SLM Solutions failed. GE and its competitors have begun to invest seriously in 3D printing, also known as additive manufacturing, which produces parts with less work than traditional production methods, generates less scrap material and expands design possibilities.
600 Group buys Kondia machine tool business
600 Group Plc has acquired the entire manual machine tools business of Kondia, for a total consideration of 50 000 euros. Kondia, formerly Spain’s largest manufacturer of milling machines, was placed into administration in 2015. The acquisition means the 600 Group now owns the Kondia name, all IP and a large inventory of spare parts worth in excess of the acquisition costs.
GF Machining Solutions set to acquire Microlution Inc
US firm Microlution was founded in 2005 by three engineers from the Chicago area. The company specialises in 5-axis milling and femto-second laser machining for hole drilling and micro-cutting applications for a wide range of industries, including aerospace, medical and automotive. The 30-employee operation generated $10 million in sales in 2015.
Solidworks 2017: An expanding platform for innovation
In September 2016 Mecad Systems gathered together over 425 clients and users in Durban, Cape Town and Johannesburg for the launch of Solidworks 2017. The event highlighted the continued evolution of the Solidworks portfolio to support developing smart, connected products.
New era for DMG MORI – aims to be number 1 in the world
“The goal of “Global One“ is to combine DMG MORI Company Limited and DMG MORI Aktiengesellschaft into a globally integrated machine tool company. More than 12,000 associates in our production facilities around the world and our 164 international Technology Centers and service locations are currently working hard at making us number 1 in the world…”
Siemens releases Solid Edge ST9 to South African audience
Jeff Walker, the Director of Solid Edge Products at Siemens PLM Software, a business unit of the Siemens Digital Factory Division, with more than 25 years of experience in the mechanical CAD industry and began his work in the Solid Edge product design group in 1995, included South Africa in his calendar to present the latest release of Solid Edge.
Electra Mining Africa 2016
More than 850 local and international exhibitors from the mining, industrial, electrical and power industries showcased their products and services across a 38 000m² indoor and outdoor exhibition area of Electra Mining Africa 2016 held in September at the Expo Centre, in Johannesburg.
Manufacturing competitiveness enhancement programme reopened
It has been reported that Trade and Industry Minister Dr Rob Davies has announced the partial reopening of the popular Manufacturing Competitiveness Enhancement Programme (MCEP), the Department of Trade and Industry’s (DTI’s) flagship cross-industry incentive scheme, which has been suspended since October 2015, owing to insufficient funds.
Denel unveils its conceptual Africa Truck at Africa Aerospace & Defence (AAD)
Denel Vehicle Systems has developed a 6×6 truck based on its RG31 series of mine-resistant ambushed protected (MRAP) vehicles. Denel’s Africa Truck is designed from the “ground-up” as a purpose-built military truck, with the company pointing out that every aspect and component of the vehicle has been designed with military applications and the African climate in mind.
Paramount Group shows family of highly advanced infantry combat vehicles at AAD 2016
Unveiled in Africa for the first time, the Mbombe 8 is the newest and ‘big brother’ of the Mbombe family. The major advantage of the Mbombe family is the 80% commonality that exists between the technologies and components used in the three vehicles.
Local production begins for expanded Ford Everest range in South Africa
The production of the first Everest model commenced at the plant in October and signalled the start of a new era for the vehicle manufacturer because the plant will now become a two-vehicle assembly facility that also produces the Ranger for export to 148 markets in Africa, the Middle East and Europe.
Murray & Roberts to offload Genrec
Construction and engineering group Murray & Roberts (M&R) has announced its intention to sell its infrastructure and building units, as well as manufacturing business Genrec as part of ongoing moves to focus on the global natural resources markets of oil and gas, metals and minerals and power and water.
Olli, an electric minibus
Local Motors, well known for the crowd sourced Rally Fighter off-road coupe and 3D printing a car, the Straiti, on their stand at IMTS 2014, has been diversifying lately. After starting some 3D-printed projects, it has gone in yet another direction, announcing the Olli, an electric minibus that looks like a large phone booth that’s been tipped on its side. And it’s autonomous.
FFG’s Jimmy Chu comments on acquisitions strategy
While some North Americans may be unfamiliar with the company, Chu has acquired his way to building FFG into one of the world’s leading machine tool concerns. With last year’s acquisition of MAG IAS (Germany), the Taiwan-based FFG now ranks third globally, Chu says, and he’s by no means done yet.
“From the machine to an intelligent process”
We have largely got used to using smartphones and digital applications in our everyday life. With Industry 4.0, there is now an increasing trend towards digitalisation in industrial environments. In a recent interview Bystronic’s Head of Development (CTO) Dr. Jürgen Hohnhaus talks about the benefits and the vision behind this development.
SEIFSA concerned about continuing pressures in the metals and engineering sector
The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) says it is concerned about persistently lower confidence and production levels, which could lead to possible further job losses in the metals and engineering sector as indicated by analysis of recent data.
NAACAM appoints new boss
The National Association of Automotive Component and Allied Manufacturers (NAACAM) has announced the appointment of Renai Moothilal as its new Executive Director as of September 2016. The association has been without a full time leader since last year. Roger Pitot has been advising in a part-time capacity.
Trumpf expands solid-state laser development and production facilities with 30 million euro investment
German sheet metalworking machine tool and laser maker Trumpf has invested nearly 30 million euro in new solid-state laser development and production facilities in Schramberg, Germany, where Trumpf Laser GmbH is already located. “The trend towards using solid-state lasers in industrial production shows no signs of stopping.”
Your car has been studying you, and everyone wants the data
The connected car will be an incredible convenience or an intrusive nightmare, depending on your tolerance. For automakers, it could be a gold mine. As you might have suspected, your car is spying on you. Fire up a new model and it updates more than 100,000 data points, including rather personal details like the front-seat passenger’s weight. The navigation system tracks every mile and remembers your route to work.
China’s Midea Group targets Kuka
Kuka is the biggest German industrial technology company to be targeted by a Chinese buyer in a wave of deals over recent months and its announcement of its planned bid caused a furor among German politicians. China’s home appliance manufacturer Midea said it would allow German industrial robot maker Kuka to operate independently and help it expand in China as it formally launched a 4.5 billion euro ($5.1 billion) offer.
World demand for material handling equipment to reach $176 billion by 2020
The “World Material Handling Equipment” study from the Freedonia Group, Cleveland, indicates that global demand for the equipment is forecast to rise 5.3 percent per annum through 2020 to $176 billion. Advances at the global level will be driven largely by market growth in China and other industrialising nations.
Trends impacting global machine tools market
The German Machine Tool Builders’ Association (VDW) and the British economic research institute Oxford Economics expect in their latest forecast (status: April 2016) a growth of global consumption by only 1.9% to reach € 68.6 billion. As in the previous years, the autumn forecast (2015: +4.1%) was significantly corrected downward, currently, this year by 2.2 percentage points.
Gibela appoints 32 local suppliers for R51 billion PRASA contract
Makes progress towards meeting local content target and reinforces company’s commitment to economic development. The first 32 South African suppliers in the R51 billion contract to provide local content for 600 new passenger trains being built by Gibela for the Passenger Rail Authority of South Africa (PRASA) have been appointed.
Electra Mining Africa 2016
The South African mining industry is facing another challenging year with slower than expected economic growth, a prolonged and continuing downswing in commodity prices, an increase in short-term volatility, increased pressure on operating models, and regulatory uncertainty. Adding to these challenges is the increased difficulty in raising capital due to a loss of confidence by investors.
GE reveals the world’s hugest jet engine that is wider than a 737’s fuselage
The world’s largest commercial aircraft engine has been started up for the first time at GE Aviation’s Peebles Test Operation in Ohio. According to GE, ground testing of the GE9X development engine will enable data to be gathered on the engine’s overall and aerodynamic performance, mechanical verification, and aero-thermal system validation leading up to flight testing and certification before entering service at the end the decade.
Volkswagen South Africa rated as the top plant in the global Volkswagen production network
The Volkswagen Group South Africa (VWSA) plant in Uitenhage has been recognised as the top manufacturing plant in the global Volkswagen production network in 2015. VWSA achieved the highest index score of 113.2% amongst the 13 Volkswagen plants around the world. This was the first time that Uitenhage was rated as the top manufacturing plant since the Beetle production started in August 1951.
9% global growth for laser cutting machine market: Report
The company forecasts the market will experience close to a 9 per cent Compound Annual Growth Rate (CAGR) between 2016 and 2020. The report highlights three factors contributing to the growth of the global laser cutting machine market: a need for automation; a growing demand from end-user industries; and the increasing need to develop high quality products.
Airbus introduces 3D-printed mini aircraft
Windowless, weighing in at just 46 pounds and measuring less than 13 feet long, the drone Thor, short for “Test of High-tech Objectives in Reality,” resembles a large, white model airplane. Yet to the European aerospace giant Airbus, the small pilotless propeller aircraft is a pioneer that offers a taste of things to come — an aviation future when 3D-printing technology promises to save time, fuel and money.
Boeing, Paramount Group to collaborate on light multirole aircraft
Aerospace group Boeing and South African privately owned defence and aerospace firm Paramount Group have expanded their 2014 agreement to cooperate on an advanced mission system for a variant of the Advanced, High Performance, Reconnaissance, Light Aircraft (Ahrlac).
Conzzeta to acquire DNE Laser of Shenzen, China
Complements the sheet metal processing business of Bystronic. Conzzeta has announced the signing of a binding agreement to acquire DNE Laser, Shenzen, China. The closing of the transaction is planned by mid-year 2016, subject to regulatory approval. Conzzeta will acquire a stake of 51% with a long-term option to increase the position.
MBK Partners acquires Doosan Machine Tools
MBK Partners and a private equity arm of Standard Chartered were among three parties that submitted a binding bid for Doosan Infracore Co Ltd’s machine tools business, all bidding around 1 trillion won ($849 million). The third bidder was a state-run corporation from Hebei, China, the Korea Economic Daily reported, citing unnamed investment banking sources.
Ford invests R2.5 billion ($170 million) in South Africa to build Everest SUVs
Ford Motor Company is investing R2.5 billion ($170 million U.S. dollars) to expand operations in South Africa at its Silverton Assembly Plant in Pretoria, to produce the all-new Ford Everest, along with the new Ford Ranger that was launched at the end of last year.
Prima Power develops own fibre laser source
The 3 kW CF3000 was developed through an intensive development activity over the last few years and has been operating at pilot customers’ plants for more than six months, the announcement states. The new laser will be produced at group plants in Chicopee (Massachusetts, USA), Barone Canavese (Turin, Italy) and Suzhou (China). A 4 kW unit, the CF4000, will also be introduced during the year.
Engel presents Liquidmetal injection moulding machine
Both hard and elastic – Liquidmetal stands for a class of material with completely new characteristics. The zirconium alloys have an amorphous structure that makes Liquidmetal components extremely hard and at the same time very elastic. A hardness of 53 HRC is achieved even without any thermal treatment.
3D printing industry expanded 25.9% in 2015, topping $5 billion
The global additive manufacturing (or 3D printing) industry expanded by 25.9% in 2015 (consolidated annual growth rate, CAGR) to a value estimated at $5.165 billion, according to an annual study of the AM/3D printing market by Wohlers Associates Inc. It was the second consecutive year the industry grew in value by more than $1 billion.
30th Edition of the “Bible of the Metalworking Industries” – Machinery’s Handbook – now published
Having celebrated 100 years of continuously updated publications in 2014, Machinery’s Handbook is now in its 30th edition, just released in March 2016. This new edition has grown by nearly 100 pages to 2,896 pages. It offers major revisions of existing content as well as new material on a variety of topics.
Richards Bay IDZ looks at aluminium hub
With the increasing contribution of the aluminium industry to the South African economy, particularly in the automotive field, the Richards Bay Industrial Development Zone (RBIDZ) is seriously considering the establishment of an aluminium metals hub. Richards Bay has the benefit of being the home to South 32’s Hillside smelter, the largest aluminium smelter in the Southern Hemisphere.
Steel mill construction hinges on feasibility study, says Patel
A final investment decision to establish a new steel mill will depend on the outcome of a prefeasibility study under way and a later feasibility study, Economic Development Minister Ebrahim Patel insists, according to a report in Business Day. China’s Hebei Iron and Steel Group and the Industrial Development Corporation (IDC) agreed in September 2014 to undertake the prefeasibility study into the creation of a new low-cost steel plant.
Coega in talks with vehicle manufacturers
Three motor manufacturers are in discussions with the Coega Development Corporation about the possibility of establishing completely knocked-down (CKD) manufacturing facilities in the industrial development zone (IDZ). Gustav Meyer, the senior manager of international markets for the transport industry at the corporation, confirmed this and identified the companies as one Chinese and two European motor manufacturers.
New website for generic tool format information
NTB Interstate University of Technology Buchs, an institute that specialises in engineering informatics, has launched a new website, gtc-tools.com, which provides information to the public on the Generic Tool Catalog (GTC) cutting tool data exchange format. The GTC data exchange format was developed through collaboration between Siemens PLM Software, Sandvik Coromant, Iscar and Kennametal.
International Manufacturing Technology Show (IMTS) September 12 – 17, 2016
IMTS 2016 is the 31st edition of the manufacturing technology show in North America. More than 2,000 exhibiting companies will occupy 1.3 million net square feet of exhibit space at the McCormick Place complex in Chicago, Illinois. IMTS is held every even-numbered year in Chicago and attracts more than 114,000 buyers and sellers from over 112 countries.
Why Mercedes is halting robots’ reign on the production line
With customisation key to wooing modern consumers, the flexibility and dexterity of human workers is reclaiming space on Mercedes’s assembly lines. That bucks a trend that has given machines the upper hand over manpower since legendary US railroad worker John Henry died trying to beat a motorised hammer more than a century ago.
BIEMH’16 grows and confirms the recovery of the sector
Three months before its doors open, the floorspace figures for the last three editions have already been bettered. With three months still to go before it opens its doors, BIEMH, International Machine tool Exhibition, has already exceeded the figure for floorspace attained at its previous editions, with 1 183 exhibiting firms having reserved space in five halls at the exhibition centre.
Cut steel output EU tells China
EU Trade Commissioner Cecilia Malmstroem has urged China to scale back rampant overproduction in its steel industry that is punishing European companies through low prices, according to a letter seen by AFP on February 5. European manufacturers are reeling from a global glut in steel supply with Luxembourg-based ArcelorMittal on February 5 blaming China for a colossal $8 billion loss for 2015, with thousands of job cuts announced throughout the industry.
SA Festival of Motoring replaces Johannesburg International Motor Show
New event for South African motoring fans to be held at Kyalami Grand Prix Circuit in future. South African motoring fans will have to permanently bid farewell to the Johannesburg International Motor Show. Originally scheduled to take place in October 2015, the biennial event was cancelled in May 2015, owing to rising costs.
GE’s “most African” locomotive in production
GE has commenced production of its “most African” locomotives. Once completed, the 233 GE Evolution Series locomotives will have 55% local content, making them the “most African” locomotives of their kind. In March 2014, Transnet announced an agreement to purchase 1,064 locomotives from four original equipment manufacturers, including GE. GE was awarded a contract to build 233 diesel locomotives as part of this agreement.
The right moves will draw investors says Davies
That South Africa has become an investment destination of choice to the world’s biggest companies is not by mere chance. We have consistently remained on the radar of international big business due to deliberate action on the part of government that can be traced to interventions such as the New Growth Path and the Industrial Policy Action Plan, writes Rob Davies* in a newspaper report.
Paramount enters R1 billion deal with the Kazakhstan government
South Africa needed to create financing institutions with capacity to fund the defence industry as it was an important feeder of jobs into the hi-tech environment, Paramount Group executive chairman Ivor Ichikowitz said recently. The Paramount Group has announced that it has entered into a R1 billion partnership with the Kazakhstan government for the manufacture of armoured vehicles in that country.
Hexagon Metrology becomes Hexagon Manufacturing Intelligence
In a move to reflect its growing expertise and solutions for integrated industrial manufacturing, Hexagon Metrology has rebranded to become Hexagon Manufacturing Intelligence. The change also aligns the business more closely with Hexagon’s overall strategy to offer software-centric information technology solutions that improve quality and productivity across entire industry workflows.
Kennametal completes sale of seven businesses
Kennametal Inc. has moved forward with plans to reduce its manufacturing footprint by up to 25 percent. The Latrobe-based company said it has completed the sale of seven noncore businesses to Chicago based holding company Madison Industries. These are related to certain castings, steel plate fabrication and deburring operations, Kennametal said.
Luigi Galdabini becomes President of the European Association of the Machine Tool Industries (CECIMO)
During its meeting held on 3 December 2015 in Brussels, the CECIMO General Assembly elected Luigi Galdabini as President of CECIMO for a period of two years. Succeeding in this role Jean-Camille Uring, Executive Board Member of Fives and President of Symop, Mr. Galdabini…
Trumpf unveils new systems for additive manufacturing of metal parts
Laser manufacturer Trumpf has established a broad base in the field of additive manufacturing. The company has launched new 3D printing machines for metal parts, including laser metal fusion (LMF) and laser metal deposition (LMD) machines. To achieve this, the company has established a new division at the headquarters site in Ditzingen.
UCIMU: 2015 recovery of the Italian machine tool industry
The Italian machine tool industry, one of the largest in the world, finished 2015 with “double-figure increases” in production volume, total sales, and exports, according to the year-end summary issued by UCIMU-Sistemi per Produrre. The trade group also predicted that continued strong results for 2016 are expected.
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