Developments

King Steel rolls out proprietary mechatronic technology MICS

King Steel Machinery Co., Ltd (King Steel), a worldwide full service steel supplier with a long-term commitment to injection molding machines with multiple injectors and multiple tool workstations, has developed a multiple injectors and mold clamps system (MICS). This is a mechatronic system that can be equipped with four injector sets and is used flexibly to produce double/single-color finished products with linear, disc or mould configuration, reducing costs by 15 per cent to 20 per cent. By increasing the number of injector sets for double-color offerings from two to four, King Steel has significantly enhanced the production capacity of such machines by 70 per cent, with an equipment utilisation of up to 95 per cent. By doing so, the company has become a leader in the footwear machinery sector. “Machines that were developed based on MICS have helped customers improve efficiency and costs”, said Chang Chia-ling, director of marketing at King Steel. Use of Siemens’ digital twin software NX-MCD (an integrated cyber-physical system) has increased R&D efficiency while lowering development costs. King Steel has applied for some 100 international patents across 17 categories for its proprietary machinery in a move to protect the firm’s intellectual property as well as the rights and interests of customers and brands. MICS technology has been widely applied across various injection processes and sectors, including sports goods (sneakers, yoga bars, non-inflatable footballs, bike gadgets and accessories), healthcare products, protective gear as well as toys for children and pets, in addition to electronics and packaging materials. Through the application of MICS, the company aims to maximise output with minimum investment by assisting a wide range of sectors in increasing production capacity and achieving environmental benefits from energy savings and carbon reduction.

Kaer expands operations in six major cities in India

Kaer, a Global Cooling as a Service (CaaS) provider headquartered in Singapore, is expanding its operations in six major cities in India – Bengaluru, Gurugram, Noida, Chennai, Hyderabad and Mumbai. Kaer designs, builds, and operates cooling systems to support Asia’s growing demand for cooling, particularly for commercial and industrial buildings. The company is expanding aggressively across the market, tapping into India’s high demand for centralised cooling, which accounts for about 57% of the country’s energy requirements.1 With a contracted pipeline of projects worth over $250 million across Asia, Kaer’s CaaS model delivers cooling to mission critical facilities to support their operations and with a focus on renewable energy and sustainable operations, saves over 25,000 metric tons of carbon dioxide (CO2) every year. Under Kaer’s CaaS offering, customers simply dictate the cooling conditions they require and Kaer delivers that as and when needed by the building. As a part of expansion, Kaer has appointed Govindan Raghavan as India’s Managing Director. He will be, responsible for Kaer’s customer portfolio growth in India, and for managing the on-ground team providing end to end customer support. Prior to this, he has held several senior leadership positions at Indian and global organisations. He led Carrier in India as its President & Wholetime Director, Ingram Micro as its Managing Director, NIIT Limited as its Chief Executive of Career learning business and Bhartiya Urban as its Chief Executive Officer. Traditionally, building owners purchase, install and run cooling systems, with high upfront costs, along with ongoing maintenance and operational costs. Under the CaaS model, Kaer assumes all financial investments and operational responsibilities while building owners buys cooling at a fixed $/RTH (Refrigerant Ton Hour) rate on a pay-as-you-use basis. “Through CaaS, we believe we deliver the positive impact of cooling and accelerate the transition to a low carbon […]

DigiTech ASEAN Thailand 2022

DigiTech ASEAN Thailand 2022 is your key face-to-face exhibition & networking platform to re-connect and do business with the global tech and digital community and markets. The exhibition will be back at Hall 7 IMPACT Exhibition and Convention Centre, Bangkok, Thailand from 23rd to 25th November 2022. What is DigiTech ASEAN Thailand 2022? After over two years of physical absence due to COVID, DigiTech ASEAN Thailand 2022 will be back to showcase a comprehensive range of technology and digital solutions by over 150 exhibitors and brands to over 5,000 trade attendees /buyers/partners representing businesses of all sizes and industries. Organised under the theme “Connecting You with Global Tech and thew Digital Community”, Digitech ASEAN Thailand 2022 aims to help you re-connect with your market in a physical market setting and the same time, reach out to new customers and partners, in this digital transformation era. Who will be exhibiting at DigiTech ASEAN Thailand 2022? Software for business (CRM, HRD & HRC, Procurement & ERP, etc) Artificial Intelligence Cyber Security E-commerce & Digital Marketing, Data & Cloud, Smart Solutions & IoT 5G Technology & Network Conferences: By industry experts addressing challenges, trends and market opportunities Workshops: Knowledge and skill development workshops and masterclasses by leading tech and digital organisations. Certified Conferences: Upgrading digital skill-sets with latest knowledge, trends, best practices and processes. Technology Presentations: Sharing new technology, industry trends and business development ideas by key industry players. Webinar Series: Monthly technology and digital webinars by tech and digital gurus as well as key industry players VIP Buyers Program: Pre-Arranged Business Matching Meetings between VIP buyers and exhibitors For more information, please contact Ms Pinyaphat Meesingpattarakhun Tel. +6697-479-6445 or Email pinyaphatm@impact.co.th

Showa Denko has quantum computing technology

Showa Denko has demonstrated that it is possible to dramatically speed up the time required to search for optimal formulations of semiconductor materials, from several decades to several tens of seconds, using quantum computing technology. Semiconductor materials contain a large number of ingredients such as resins, fillers and additives in various mixing ratios; by optimising these formulations high-performance materials are obtained. However, the theoretical number of combinations for the development theme being working on is enormous, exceeding 10 to the 50th power. Thus, it would take decades to explore all possible combinations of these ingredients and their mixing ratios with conventional artificial intelligence (AI) models, and for this reason only a portion of the theoretical combinations had been extracted to search for the optimal combination of formulations. To reduce the time required for the exploration, focus was put on Fujitsu Ltd’s Digital Annealer(1), the first quantum-inspired digital technology(2). In order to utilise Digital Annealer, input in the form of an Ising model(3), an analysis method of statistical mechanics, is required. The company was successful in expressing an originally developed AI model, capable of predicting the characteristics of semiconductor materials from the complex compounding conditions of materials, in the Ising model. By simulating the Ising model on Digital Annealer, the required exploration time has been reduced to tens of seconds, or about 1/72,000 of the time required by conventional AI models, which search by conditions limiting the type and amount of compounding. In addition, we were able to obtain a formula that achieves 30% higher performance as a semiconductor material. In a “Long-term Vision for Newly Integrated Company,” the Showa Denko Group announced that it would commit itself to the research and development of AI and computational science, the core of its fundamental R&D activities. The results of this development are […]

Industry-Driven demand for automation spurs global machine vision market

APAC will remain largest and fastest-growing market for machine vision systems over the forecast period due to growing industrialisation in the region, says Frost & Sullivan. Frost & Sullivan’s recent analysis, Global Machine Vision Growth Opportunities, finds that rising demand for automation across industries to enhance operations and productivity is driving the global machine vision market. The industry will likely garner $14.02 billion in revenue by 2025 from $10.28 billion in 2020, an uptick at a compound annual growth rate of 6.4%. However, with supply chain disruptions due to the impact of COVID-19, the sector will cross 2019 levels by 2022, and the positive trends witnessed across industries—pharmaceuticals, food and beverage processing and packaging, electronics and semiconductors, and automotive—will be crucial to prompt the market expansion. From a regional perspective, Asia-Pacific (APAC) will remain the largest and fastest-growing market for machine vision systems over the forecast period. Industrialisation—especially in automotive, pharmaceuticals, and electronics and semiconductors—is the primary reason to leverage the market in the region. Similarly, North America and Europe will register moderate growth. Demand for automation in manufacturing—food processing, pharmaceutical, automotive, and medical devices—will accelerate the machine vision systems industry in the regions. For further information on this analysis, please visit: https://frost.ly/6xx “The demand for machine vision systems will witness a surge as the manufacturing industry worldwide makes a transformational shift toward Industry 5.0, which will be fully autonomous with human-to-machine interfaces and zero waste,” said Sujan Sami, Industrial Program Manager at Frost & Sullivan. “Further, the change in consumer eating habits and lifestyles due to pandemic has resulted in the growth of food and beverage manufacturing, processing, and packaging companies. As food safety regulations grow stricter globally, food processing and manufacturing industries increasingly depend on machine vision systems for quality control.” Sami added: “As end-users increasingly seek compact, […]

Digital manufacturing for aerospace

Efficient production when failure is not an option Aerospace original equipment manufacturers (OEMs) must strive to manufacture aircraft that can travel sustainably for longer distances and support net zero goals. They must produce quality components with tight tolerances from difficult-to-machine materials like HRSAs, while also keeping production cost-effective and error-free — but how? This is where digitalisation and big data come into play. Here, Francis Richt, Digital Machining Business Manager at the metal cutting tool specialist Sandvik Coromant, explains how combined digital and tooling solutions will be essential for error-free production in tomorrow’s aircraft manufacturing industry. That includes its own CoroPlus Machining Insights, CoroPlus Tool Library and Silent Tools™ Plus process control solutions, which enable users to monitor their machining process and secure a successful output. The aerospace industry faces unique manufacturing challenges. The complexity of the component shapes and structures, combined with the varying tolerances required for different components can make the production process demanding and costly. The nature of aerospace — and its strict quality assurance rules — also means that component production must be error-free. To optimise manufacturing, proper planning and preparation informed by accurate and reliable data is absolutely essential. To support aerospace OEMs, Sandvik Coromant offer several solutions to improve machining processes and to ensure quality and reliability of components. An increasing number of industries are incorporating digital technologies into their manufacturing operations. Digital tools and the data that they can generate on key parameters can give a level of intuition and insight that traditional machining lacks. This is particularly key in heavily regulated industries such as aerospace where accuracy and efficiency are crucial at every stage. The Sandvik Coromant CoroPlus Tool Library is a web-based software that allows users to build and manage their tool library and tool assemblies from standard data on over […]

China manufacturing picks up

In China factory activity unexpectedly expanded in February as new orders improved, pointing to some resilience in the world’s second-largest economy even as downward pressure builds and Russia’s invasion of Ukraine heightens global uncertainty. The official manufacturing Purchasing Manager’s Index (PMI) registered 50.2 in February, remaining above the 50-point mark, which separates growth from contraction, and picking up a touch from 50.1 in January, data from the National Bureau of Statistics (BS) showed on Tuesday. It was thought the PMI would to ease to 49.9.

India fiscal deficit may narrow in 2022

The ongoing Russia and Ukraine conflict may present India with an opportunity to import commodities and oil at low prices via a rupee-ruble trade mechanism from Russia. Against this backdrop, GlobalData, a leading data and analytics company, forecasts India’s fiscal deficit as percentage of GDP to decline marginally to 5.3% in 2022 compared to 5.7% in 2021. Given India’s neutral stance on Russia-Ukraine conflict, Russia is offering oil and other commodities at discounted prices to India. Amid the skyrocketing global oil prices, this will provide relief on the fiscal front as India imports around 80% of crude from other countries. Gargi Rao, Economic Research Analyst at GlobalData, comments: “India’s attempt to diversify its import sources will tend to reduce financial burden on the government thereby reducing the risk of high import bill. Moreover, cheaper crude may bring down the current cost of production and help cool off inflationary pressures.” Meanwhile, in the short-term, Indian traders may feel the pinch of higher oil and gas prices along with delays in shipment. Retail inflation is on the rise in India due to rise in prices of fuel and edible oils. GlobalData forecasts India’s inflation to rise to 5.2% in 2022 compared to 5.1% in 2021. However, oil price shocks might wane out with easing of supply bottlenecks and demand adjustment in medium-term. GlobalData forecasts the Indian economy to grow by 7.6% in 2022. Rao continues: “Both India and Russia are exploring the possibility of using China’s currency yuan as a reference currency to value the rupee-ruble trade mechanism, which would aid a two-way trade. By setting up a new trade mechanism, it will reduce the dependence on US dollars and makes India less vulnerable to sanctions.” Rao concludes: “High government expenditure has been a cause of concern for India since the start […]

tesa tape unveils new factory

Group invests 55 million Euro with completion in 2023. Haiphong. tesa is growing: The company has laid the foundation stone for a new plant in the Vietnamese port city of Haiphong. On approximately 70,000 square metres, tesa will create new production capacities for Asia, one of the fastest growing markets. 40 million square metres of adhesive tape will be produced every year. The company will expand its local presence and shorten the routes to customers and suppliers. In the first phase, there will be about 140 employees working at the plant. The groundbreaking ceremony began with a traditional Buddhist ritual, whereby Dr. Norman Goldberg, CEO of tesa SE, took part in the event virtually. He expressed his thanks not only to the tesa team, but also to the authorities in Haiphong and to the German ambassador, Dr. Guido Hildner, for their great support. “The laying of this foundation stone is an important milestone for tesa: the Asian adhesive tape market is experiencing very dynamic development, which we will take advantage of,” explains Goldberg. “The fact that tesa is making an investment of approximately 55 million Euro in times of COVID-19 sets a strong signal from the shareholders for the future.” “Access to markets, fast and flexible delivery to customers as well as the development of local raw materials are important factors in international competition,” explains Stefan Schmidt, Head of tesa Supply Chain and Operation, responsible for logistics and production at tesa worldwide. All these requirements are fulfilled by the additional capacities created on site. tesa currently operates 14 production sites worldwide, including large plants in Germany (Hamburg, Offenburg), Italy, USA, and China. The plant in Suzhou, China, has been operating since 2005. From Suzhou, tesa supplies high-tech tapes, such as those used in electronic devices to bond components and displays […]

Padma-Bridge-which-is-dubbed--the-Dream-Bridge-of-Bangladesh

Zoomlion ramps up efforts to strengthen global Cooperation through BRI

The China-proposed Belt and Road Initiative (BRI) has carved out a path for the world to consolidate economic cooperation by creating a platform for promoting multilateralism, inclusive growth, peace and cohesion. In line with the vision of BRI, Zoomlion Heavy Industry Science & Technology Co., Ltd., a leading high-end equipment manufacturing enterprise, is advancing its pledge to bring commercial and economic prosperity to the rest of the world through BRI, building a global community with a shared future. Zoomlion helps build Africa’s tallest building – the “Iconic Tower” in Egypt While BRI is evolving into a beacon of economic growth for participating countries, Zoomlion has set up multiple R&D hubs and trade platforms across the globe and has been providing products and services in over 80 countries, serving customers in sectors including hydropower, nuclear power, road, and bridge construction. Its ongoing construction of BRI projects, designed for both commercial and cultural purposes, have been game-changers in those countries where they have fuelled connectivity, creativity, and trade activities. Landmark projects include Padma Bridge which is dubbed “the Dream Bridge of Bangladesh,” Colombo Lotus Tower, and Iconic Tower in Egypt. Zoomlion has made six acquisitions over the past few decades, through which the company has forged a greater creative synergy to drive innovation in the global machinery industry, unleashing new possibilities brought by its state-of-the-art technology to boost productivity and efficiency. Despite the lingering effects of the COVID-19 pandemic in 2021, all the companies acquired by Zoomlion have achieved 30 percent year-on-year increase in revenue, helping the local government to boost employment and tax revenue. Zoomlion’s acquisition of Compagnia Italiana Forme Acciaio SpA (Cifa), a leading machinery innovators and manufacturers based in Italy, demonstrated Zoomlion’s five pillar management strategy of inclusiveness, rules, responsibility, co-creation, and sharing. Cifa has been incorporated into […]

«‹ 18 19 20 21 ›»

News Ticker

Developments