Developments

Zoomlion Construction Machinery makes strides in international Markets

Zoomlion Heavy Industry Science & Technology Co., Ltd. is making significant progress in international markets, fulfilling substantial product deliveries in the Middle East, Australia, and Southeast Asia region. This achievement spotlights Zoomlion’s internationalisation and localisation development strategy, underlining its commitment to providing high-quality products and services worldwide. In the Middle East, Zoomlion’s performance has been remarkable. In Saudi Arabia, its excavators, were deployed for NEOM, the “City of the Future.” The quality and quick delivery of these products increased customer satisfaction and led to more orders. Its 110-ton and 80-ton truck cranes are set to be used in Yanbu, a western city in Saudi Arabia, and dozens of concrete mixers have been delivered to Yamama Cement Co., the country’s oldest cement manufacturer. Similar success was experienced in the United Arab Emirates (UAE) and Kuwait, where Zoomlion’s efficient overseas business system enabled rapid fulfillment of large orders. Leveraging its robust overseas business systems, the company swiftly delivered eight out of an order of 17 truck pumps to the UAE in just over 20 days. The speedy fulfillment was facilitated by its Gulf subsidiary based in Dubai’s Jebel Ali Free Trade Zone, cutting shipping time from China by over a month. “Our three-tier network layout covers all the major markets in Saudi Arabia, ensuring a rapid response for service spare parts. We’re seeing a marked increase in customer satisfaction,” said Liu Jianwei, Zoomlion’s National Manager in Saudi Arabia. Australia saw the launch of Zoomlion’s first 4S store for earth-moving machinery. This fully equipped facility is set to provide comprehensive sales and after-sales services to clients, showcasing Zoomlion’s commitment to customer satisfaction. Meanwhile, in Malaysia, Zoomlion delivered three wet spraying machines for the challenging East Coast Rail Link construction, highlighting the company’s ability to create adaptable and effective solutions for diverse […]

China, Indonesia, and Vietnam to lead global growth for coming decade

China, India, Indonesia, Uganda, and Vietnam are projected to be among the fastest-growing economies for the coming decade, according to researchers at the Growth Lab at Harvard University. The new growth projections presented in The Atlas of Economic Complexity include the first detailed look at 2021 trade data, which reveal continued disruptions from the uneven economic recovery to the global pandemic. China is expected to be the fastest-growing economy per capita, although its growth rate is smaller than gains seen over the past decade. Growth over the coming decade is projected to take off in three growth poles, East Asia, Eastern Europe, and East Africa. Several Asian economies already hold the necessary economic complexity to drive the fastest growth over the coming decade to 2031, led by China, Cambodia, Vietnam, Indonesia, Malaysia, and India. In East Africa, several economies are expected to experience rapid growth, though driven more by population growth than gains in economic complexity, which include Uganda, Tanzania, and Mozambique. Eastern Europe holds strong growth potential for its continued advances in economic complexity, with Georgia, Lithuania, Belarus, Armenia, Latvia, Bosnia and Herzegovina, Romania, and Albania all ranking in the projected top 15 economies on a per capita basis. Outside these growth poles, the projections also show potential for Egypt to achieve more rapid growth. Other developing regions face more challenging growth prospects by making fewer gains in their economic complexity, including Latin America and the Caribbean and West Africa. “Countries that have diversified their production into more complex sectors, like Vietnam and China, are those that will lead global growth in the coming decade,” said Ricardo Hausmann, director of the Growth Lab, professor at the Harvard Kennedy School (HKS), and the leading researcher of The Atlas of Economic Complexity. “China and Vietnam already realised many of the income […]

Ho Chi Minh crossover talks spark dialogue on Taiwan’s role in Vietnam manufacturing’s AI evolution

Profet AI, a Taiwanese AutoML enterprise solution provider for the manufacturing sector, joined forces with Hive Ventures to hold the Crossover Talks forum in Ho Chi Minh City, Vietnam, on June 19th. The forum aimed to facilitate knowledge exchange and collaboration between Taiwan’s leading experts and local enterprises in Vietnam, regarding AI implementation, digital transformation, and talent development in manufacturing. Jerry Huang, Co-founder and CEO of Profet AI explained that the decision to host the event stemmed from discussions with customers eager to venture into the Vietnamese market. Addressing the main feedback regarding a lack of knowledge about the local market, Profet AI and Hive Ventures embarked on a thorough two-month exploratory market study. As a result, the Crossover Talks forum was organized to bridge this gap effectively. Vietnam has emerged as a thriving industrial hub in recent years, becoming a global magnet for the wave of manufacturers shifting their operations to new markets. Vietnam’s industrial sector, grew 9.9% in 2022[1], a year that marks the 30th anniversary of Taiwan-Vietnam trade relations, where bilateral trade volume closed in on US$ 28 billion. Taiwan is now Vietnam’s fifth-largest trading partner, with an annual trade volume growth rate of 24.4%[2] Early impressive growth has been somewhat tempered by the recent slowdown in global demand. To tackle this challenge head-on, the forum emphasised harnessing AI’s potential to mitigate the downturn and fuel sustainable growth in Vietnam’s manufacturing industry. The Crossover Talks brought together 80 companies from Taiwan and Southeast Asia, and leading speakers voices from the academic, manufacturing, and business spheres, including Yan Lee, Founding Partner of Hive Ventures, Justin Chen, Information Center Manager of Maxxis, Kenny Chiu, Vice President of Shuttle Service Co. Ltd., James Chan, Innovation Advisor at Acon-Holding Inc., Professor Dr. Chia-Yen Lee of the Department of Information Management at […]

Hexagon machine training system help manufacturers bridge skills gaps

New training technology now available globally from Hexagon’s Manufacturing Intelligence division leverages the power of its digital twins to help manufacturers train machinists and metrology specialists to use valuable shop-floor equipment. By combining hardware that realistically replicates machines with manufacturing simulation and operator’s software tools, it helps trainees gain practical experience without risking damage to expensive business-critical equipment, wasting materials, or tying up valuable production resources. HxGN Machine Trainer was developed by Hexagon to help companies and educational institutions attract and train the next generation of machine workers – something that is vitally important with the industry facing a skills and labour shortage. In the US, for example, job openings are hovering near all-time highs at 800,000 with 55% of roles unfilled 1, while almost three in 10 manufacturing firms in Europe reported production constraints in the second quarter of 2022 due to a lack of workers 2. The skills shortage is compounded by the fact that training people to use CNC machines, and similar tools, is expensive, slow and potentially dangerous. By training machine operators using an accurate and interactive physical simulator, manufacturers can onboard and upskill their staff faster and more cost effectively than ever before. Hexagon’s new hardware simulator bridges the manufacturing skills gap by making it easier to prepare inexperienced staff for the demands of the factory. It is versatile because a digital twin can be created for the specific machine brand, type and configuration they will use. Once trained, workers can easily move from HxGN Machine Trainer to real machines, because the simulator is designed to be as realistic as possible – with hardware that replicates the look and feel of a real machine and a 43-inch screen that displays accurate simulations of a large variety of machine and cutting tools. A light tower, physical […]

Mr Kiyo Uemura, Area Vice President of IAR in APAC ASIA MN

IAR appoints SH Consulting as a distributor to support the growing automotive industry in Vietnam

IAR, the world leader in software and services for embedded development, is pleased to announce that it has appointed SH Consulting as the official distributor of the company in Vietnam. This partnership will allow the two companies to provide software development tools and services to the growing automotive industry in Vietnam. Vietnam is a growing market in the automotive industry, with companies such as VinFast, Thaco, Hyundai Thanh Cong, Toyota Vietnam, Honda Vietnam, and Ford Vietnam making significant strides. In the picture: Kiyo Uemura, vice president of IAR in APAC. As the industry rapidly grows and evolves, it is essential to have the right technology and expertise to keep pace with the competition. IAR’s software development tools are essential for developers in this market who require mission-critical software that is highly reliable, safe, and secure and needs to meet strict industry standards for quality and safety. Southeast Asia, a region of over 675 million in population, is witnessing an overall economic growth rate higher than the global average, becoming one of the major driving forces of world economic development. Revenue in the Southeast Asian Automotive IoT market is projected to reach US$21.26bn in 2023 and is expected to show an annual growth rate (CAGR 2023-2028) of 18.22%, resulting in a market volume of US$49.10bn by 2028. Based on a recent report, just the Southeast Asian Automobile Market itself is estimated to grow at a CAGR of 20.5% or 1.96 million units, comparing 2022 to 2031. With IAR’s language tools, developers can create robust and reliable software for embedded systems, ensuring that the software meets the strict safety and quality standards required for automotive applications. These tools can help streamline the development process while improving the overall reliability and safety of the software. “We are thrilled to be partnering with IAR […]

MHIAE “Best in Class”

Mitsubishi Heavy Industries Air-Conditioning Europe, Ltd. (MHIAE), part of Mitsubishi Heavy Industries (MHI) Group, UK based subsidiary, has been selected “Company of the Year” evaluated with its product range of commercial heat pumps sold in the European market. The award is presented annually by Frost & Sullivan, a U.S.-based international growth strategy consulting and research firm, in recognition of globally outstanding technologies and services. This is the first time for MHIAE to receive this award. The “Company of the Year” award is given to companies demonstrating exemplary excellence in such aspects of visionary innovation, market-leading performance, and unmatched customer care. In making its selections, Frost & Sullivan uses its own set of criteria: these include evaluations of how well a company responds to potential customer needs, how strongly it demonstrates market leadership and has achieved a solid market position, and how well its products or services provide optimal cost performance compared to those of competing firms. MHIAE received high marks in two main respects, 1) providing low-carbon solutions to support Europe’s ongoing shift towards secure and sustainable heating, with lineup of heat pumps, especially its “Q-ton” commercial heat pumps made by Mitsubishi Heavy Industries Thermal Systems, Ltd., 2) addressing unmet needs of heat pumps in the market with a strong leadership focus through reacting to local preferences and specific customer needs. In Europe’s transition to sustainable heating, heat pumps have become desirable to many businesses as an environmentally friendly, low-carbon alternative to natural gas-based heating. With sustainable cooling and heating solutions that encourage a carbon-neutral world, MHIAE focuses on delivering cutting-edge technology to ensure optimum performance and cost-effective solutions for its customers. Its optimised air-to-water heat pumps, which are up to five times more energy-efficient than existing natural gas boilers, lead the way in low-carbon energy solutions within the European […]

350 global security and fire safety suppliers sign up for Secutech Vietnam in Hanoi

Hanoi is poised to become the focal point of the security and fire safety business as Secutech Vietnam returns to the city for the first time in seven years from 19 – 21 July 2023. The sold-out fair will welcome 350 exhibitors from across the globe, including Belarus, Belgium, Bulgaria, Canada, China, the Czech Republic, France, Germany, India, Italy, Luxembourg, Malaysia, New Zealand, Poland, Sweden, Taiwan, the UAE, the UK and the US, while Japan, Korea, Singapore and Vietnam will be represented at pavilions across 11,000 sqm of exhibition space at the Friendship Cultural Palace. “We are thrilled that all booth space was fully booked two months before opening, but more importantly, strong international exhibitor participation this year is evidence of the show’s position as one of the most influential trade fairs for security and fire safety in Vietnam,” explains Ms Regina Tsai, General Manager, Messe Frankfurt (HK) Ltd – Taiwan Branch. “With support from the Ministry of Public Security Vietnam and the Fire and Rescue Police Department, we are honoured that the 61st Anniversary of the Traditional Day of the People Police Force will be celebrated at the show. This will attract government officials and large numbers of relevant industry players to join this important event, allowing suppliers to demonstrate their products and services to them face-to-face.” The fair has attracted a contingent of well-known overseas suppliers such as Bisen, FNK, Hangzhou JF Tech, Motorola Solutions, Network Optix, Quantum, TVT Shenzhen and Videonetics Technology, while Singapore exhibitors will be highlighted at a dedicated pavilion displaying security and fire safety products. Vietnamese suppliers are also well represented, including ASTEC, DAI AN, Silversea, Techpro and Tran Duy. Concurrent events and fringe programme strengthen business links As a unique one-stop platform for a diverse scope of products, the show will once again […]

WEF’s Technology Pioneers of 2023

Technology Pioneers community has 100 new innovative members. Full of young and growing tech companies, the 2023 cohort is forging new paths in healthcare, food production and more with cutting-edge technologies. This year’s incoming group includes companies with a broad range of innovations. Farmerline, from Ghana, connects farmers, agribusinesses and governments to form an end-to-end, holistic solution to the sector’s challenges. In Israel, Electriq Global is pioneering new methods of separating hydrogen from water to create a renewable energy alternative to fuel. And CarbonCapture, from the US, is removing CO2 from the atmosphere via direct air capture technologies. There are start-ups from 31 economies, with a third led by a woman chief executive. The United States has the highest representation, with 29 companies, followed by China with 12. Examples of innovation include: Sustainability ClimateAI, based in the US, applies artificial intelligence (AI) to climate risk modelling and its platform provides short- and long-term insights into weather and climate impact. Based in Switzerland, Transmutex aims to develop a non-self-sustaining chain reaction nuclear energy system able to produce carbon-free energy with the highest safety profile. Meanwhile, Huue, in the US, is using biotechnology to create sustainable dyes to reduce the use of chemicals in fashion supply chains. Healthcare M20 Genomics, based in China, is developing single-cell sequencing technology to effectively diagnose diseases and provide relevant treatment. Dot, in the Republic of Korea, is a pioneer in smart technology for the vision-impaired and the deaf-blind, helping them to lead more independent lives. Advanced Manufacturing Boston Materials, based in the US, develops advanced materials that are lightweight, corrosion-resistant and have energy-diffusion capabilities. Monolith, based in the United Kingdom, empowers engineering domain experts in various industries to reduce expensive, time-intensive testing and cut product development times. Following their selection as Technology Pioneers, this year’s companies will join an impressive group of alumni that include […]

Propelling smart manufacturing in APAC to the next frontier with AI

–Leonard Lee, President APAC, Beyond Limits As one of the global hubs for manufacturing, Asia Pacific (APAC) accounts for about 48.5% of the worldwide manufacturing output. In the region, opportunities are ripe for smart manufacturing to move to the next level, largely due to the well-developed manufacturing ecosystem and government support. Spending within the artificial intelligence (AI) market is also expected to grow to US$49.2 billion in 2026, with a compound annual growth rate (CAGR) of 24.5% from 2021 to 2026. The increased investments are expected to fuel the growth of automation through the use of technologies such as robotics and control systems, thus enhancing the performance metrics of the production processes. For APAC manufacturers, the most pressing challenges in the implementation of Industry 4.0 include the reluctance to embrace new technology, a shortage of skilled personnel to oversee its implementation, as well as difficulties in measuring the ROI of smart manufacturing digital solutions. There is also a sense that competitive differentiators are rising in importance. Manufacturers know they must step up on their digital investment, as those companies with higher digital maturity have shown greater resilience and are better able to adapt to supply chain challenges with increased supply chain visibility. Providing manufacturers with a competitive advantage AI has already transformed many enterprise processes, and the use of AI technology is now treated as a business imperative. Manufacturers are exploring ways to effectively utilise their existing data and insights, boost efficiency, reduce expenses, and achieve operational advantages. However, conventional AI technology that manufacturers still rely on acts as a “black box” that creates models from data without providing any explanations. To allow manufacturers to reap the full benefits of technology, they must pivot to Cognitive AI. Cognitive AI acts as a “glass box”, providing detailed justifications for its suggestions […]

Analog Devices strengthens its South-East Asia Operations with new Singapore facility

Analog Devices, Inc. (Nasdaq: ADI), a global semiconductor leader, today announced the launch of a new state-of-the-art, environmentally friendly, 38,951 sq. ft. facility in Singapore. Located within the Kallang Industrial Park, the facility is planned to serve as a central hub for the more than 200 employees working in Singapore in key divisions of the company, including research and development, test engineering, sales, and manufacturing. ADI established its first location in Singapore in 1995 and has steadily grown its operations and workforce since then. This new strategic investment aligns with the company’s global expansion plans, which include enhancing its capabilities in the Asia Pacific region. “Our new facility is an important milestone in ADI’s global growth strategy,” said Jerry Fan, President of Asia for ADI. “Enhancing our capabilities in Singapore is vital to leveraging the country’s superb talent pool and advanced manufacturing capabilities to serve our regional and global customers’ needs. Our investment reinforces ADI’s presence within Singapore’s thriving semiconductor ecosystem, which is supported by the nation’s digital growth initiatives.” The new facility features a more spacious and advanced laboratory to foster interaction between the research and development team as well as customers in the region. Through this forum for the exchange of ideas, ADI and its customers plan to deepen their collaboration and deliver innovative products for the Intelligent Edge. In addition, a dedicated space has been allocated for test development purposes within the new facility, custom-tailored to accommodate multiple automated test equipment (ATE) stations. These on-site testing stations are designed to enable faster initial testing of ADI’s state-of-the-art products and accelerate the timeline of ADI engineering’s ability to meet customers’ toughest challenges. Fan continued, “Customer intimacy, business strategy, engineering processes, manufacturing capabilities, and problem-solving are essential for creating long-term value for our customers. We are confident the environment […]

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