Developments

Superior lifting safety for South African mining powerhouse

Verton has announced that Welgro has become their first distributor in South Africa. The partnership means that Welgro’s clients will be able to safely improve their productivity and bottom line by using the world’s first remote-controlled load-management system. Welgro was founded in 1986 with the purpose of providing impeccable quality products alongside superior service delivery to the mining, engineering, industrial and agricultural sectors. They specialise in supporting large Tier 1 companies, and partner with reputable national and international companies to offer comprehensive tooling and lifting equipment to their clients. Verton is proud to join this list of quality companies as it further cements them as the world’s leading experts in safe lifting technology. Verton’s load orientation products have transformed expectations of what’s possible in lifting safety and productivity. Their lifting beams and modular SpinPod technology use gyroscopes and sophisticated control systems that orientate suspended loads remotely without the need for human-held taglines. The technology removes personnel near and under loads and keeps them away from the drop zone. Welgro Director, Kyle Handley, says that partnering with Verton will fundamentally change how their customers plan their lifting operations. “One of Welgro’s primary goals is to assist our customers to make their operations safer and more efficient. This partnership is driven by these mutual goals shared by Verton and Welgro, he said. “It comes at a time where I believe the desire around improvements to workforce safety on site is on a steep rise and a major investment area for companies. Alongside Verton and The Crosby Group, we are looking forward to providing our customers with smart technology solutions they can trust to improve safety.” Chief Executive Officer of Verton, Tim Ekert, said, “The impact our product range will be able to have across Welgro’s wide-reaching clientele is exciting. “We want to […]

Civil Engineering PCL begins SET trading

Technology-driven construction management, pursuing public and private works, to become a leading construction firm with sustainable growth. Civil Engineering PCL, Thailand’s leading integrated construction and civil engineering firm, made a debut on the Stock Exchange of Thailand on Thursday, 27 January, with the ‘CIVIL’ symbol. Its launch is marked by operations which are capable of achieving net profit margins above the industry average. Piyadit Atsavasirisuk, CEO of Civil Engineering PCL (2nd left), and Pichet Sithiamnuai, President of Bualuang Securities PCL (3rd left), financial advisor and lead underwriter, offered 200,000,000 shares of CIVIL at 4.60 baht per share to investors on 19-21 January with the 1st trading day for CIVIL on the SET today, 27 January. That capability is resulting from the company’s focus on employing technology to raise efficiency in managing diverse construction projects both in terms of types and sizes; delivering quality and safe works within the specified budget. CIVIL is also aggressively pursuing public and private projects, along with increasing revenues from its production and distribution of construction materials on its pathway to become a leading construction company with sustainable growth while driving the Thai economy and society. Piyadit Atsavasirisuk, Chief Executive Officer of CIVIL, expressed confidence that CIVIL’s shares would receive enthusiastic response on the first trading, backed by the company’s track record dating back to over 50 years with over 1,000 large-scale construction projects and major infrastructure schemes being successfully executed. CIVIL’s experience and expertise are in railway works, double-track railways and high-speed trains; airports; dams and reservoirs; Industrial estates; and other infrastructure construction which aims to use modern technology and innovations to increase business efficiency. The company has also leveraged of its competitive advantages in terms of civil engineering personnel, machinery and equipment and its own manufacturing plants of building material parts. Those elements […]

Organisers announce new dates for Secutech India 2022

Secutech India, India’s leading security business event will mark its return in 2022 re-uniting the security industry from 19 – 21 May at the Bombay Exhibition Centre in Mumbai. As the first edition post-lockdown, the platform will spotlight the latest security technologies, trends and innovations as well as the post-pandemic response of the industry that are shaping product developments in India’s physical security, cyber security, fire & safety, smart home & automation markets. Evolving smart cities, technology transformation, increased cybercrime and post pandemic response have given rise to new challenges and need-of-the-hour advancements in security. With a series of live product showcases, gripping knowledge sessions and in-person networking opportunities, Secutech India will provide a strong avenue for security industry professionals to bring technologies and industry advancements to the fore. Top industry brands including Hikvision, Prama India, Matrix Comsec, Zenitel, Wyse Biometric Systems Pvt Ltd, Ayrus Global Technologies Pvt Ltd, Nacon Wireless Solutions, Enceplon, Copper Connections Ltd (CCL), Super Sync Technologies Pvt Ltd, Brijbasi Fire Safety Systems Pvt Ltd, Blujay Robotics amongst many others have already confirmed their participation and gearing up to introduce new product launches at the fair. Elaborating on the prominence of Secutech India, Mr Ashish P Dhakan, MD & CEO, Prama Hikvision India Pvt Ltd, shared: “Indian Security Industry has shown exemplary resilience, and now it is poised for a new phase of growth. To tap this growth opportunity Secutech India is a perfect event platform. We are looking forward to Secutech India 2022 with great expectations as it has played a pivotal role in growing awareness about security products and solutions in India. The new edition will allow all stakeholders to experience the emerging trends that are taking the security industry to the next level.” “We at Hikivision are evolving the video security, access control, intrusion […]

Siemens extends mechanical performance with Simcenter 3D

Siemens’ Simcenter 3D software, part of Siemens’ Xcelerator portfolio of software and services, enables engineers to tackle the complexity of product development and innovation with advanced simulation. Among the new capabilities, Simcenter 3D offers increased support for turbomachinery modeling, a dedicated drop test application for handheld devices, tightly integrated topology optimisation with the NX Design environment, and a new acoustic solution method that is up to 10 times faster than standard methods. Simcenter 3D brings together combined expertise and experience across a wide range of industry sectors, capabilities and physics. Customers are finding bold new ways to make use of complex physics simulation to drive innovation across industries. Siemens’ Simcenter 3D 2022.1 release focuses on helping engineers overcome challenges in four key areas: Model the complexity: The ability to model and understand complex physical phenomena is at the forefront of this Simcenter 3D release. Simcenter 3D’s industry-leading solution for the turbomachinery industry has been extended with additional thermal multiphysics, rotordynamics and thermal fatigue capabilities to more accurately capture the complex physics happening within these machines. A new dedicated set of tools to simulate spiral bevel gears, as often found in automotive differentials, enables accurate, system-level NVH analysis on these mechanisms to reduce gear whine. Additionally, a new dedicated application simplifies and streamlines the drop-test simulation process for electronic and other handheld devices for engineers who are not simulation experts. Explore the possibilities: Acoustics auralisation capabilities allow engineers to not only simulate but also listen to the acoustics/sound within the context of the end-user’s experience. Engineers can now mix all contributing sounds and listen to the combined acoustics results to answer questions such as “What will a loudspeaker sound like when you put it in a car and combine it with background noise from the engine, HVAC, wind and road?” In […]

Huge market potentials for prefabricated buildings

Recently, frequent implementation of affordable housing support policies has created huge market potentials for prefabricated and green buildings. Market analysis pointed out that PC component manufacturers in the prefabricated construction supply chain will be key beneficiaries from these new policies. As the most preferred brand in the prefabricated construction industry for three consecutive years, Broad Homes (02163.HK) will likely benefit from the recent policy catalysts. To highlight, the Company operates in both to-B and to-C business under its dual mode business model, which gives the Company potential to grasp onto a larger market share in this industry uptrend. First and second tier cities are actively responding to affordable housing policies. According to market data, since the beginning of December 2021, the Prefabricated Building Index (931020) rose nearly 10%, driven by discussions during the Politburo meeting in December to further promote construction of affordable housing. Similar discussions also took place during the Central Economic Work Conference, indicating growing interest from high-level officials. In the past year, affordable housing support policies have been frequently issued. The Politburo meeting mentioned the promotion of affordable housing construction for the first time in April and again in December. In addition, in July, the Politburo discussed the need to accelerate rental housing development and implemented supporting policies surrounding land usage and taxation. During the Central Economic Work Conference in December, discussions surrounding the need to “accelerate the development of the long-term rental housing market, promote the construction of indemnificatory housing, support the commercial housing market and better meet reasonable housing needs of buyers” were highlighted. Huachuang Securities pointed out that both the Politburo meeting and the Central Economic Work Conference have prioritised affordable housing before commercial housing, reiterating high-level officials’ focus on affordable housing. In terms of specific development goals, the Ministry of Housing and Urban-Rural […]

Recycling plant in Jakarta steps into the future of dairy and meat processing

The GWE wastewater recycling plant engineered to achieve compact high efficiency with proven processes. One of the world’s largest dairy companies is installing a high efficiency wastewater treatment and water reuse facility at its new dairy plant in Jakarta to achieve 99 per cent organic content removal to meet outstanding recycling and sustainability standards. The new facility of PT Frisian Flag – a subsidiary of the Royal FrieslandCampina multinational – is scheduled for startup in 2022 and is using proven state-of-the-art technologies to produce potable recycled water from the plant wastewater. The Global Water & Energy (GW&E) technologies employed include a COHRAL™ (Covered High Rate Anaerobic Lagoon) system of a type already proven in one of Australia’s largest meat processing facilities, at Oakey in Queensland, where it significantly improves water quality, reduces odour, while producing biogas to reduce fossil fuel demands and saving the company more than AUD $800,000 (approx. US $585,000) per year in natural gas. The Jakarta facility will not only achieve outstanding quality potable water outputs for recycling, but also the biogas generated there during treatment can later be used in the factory to decrease fossil fuel dependency. The plant is engineered to produce up to 6,000 Nm3 of biogas a day. The facility will also benefit from minimal waste disposal costs, thanks to application of the anaerobic process and sludge dewatering units. “The GWE technology employed here is a huge step into the future of sustainability and recycling for livestock industries and agribusiness producing waste with high organic content, says Michael Bambridge, Managing Director of CST Wastewater Solutions. Mr Bambridge – whose company installed the GWE COHRAL plant at Oakey – says the technology being used in Indonesia is widely applicable to dairy and meat applications, including beef, lamb, pork and poultry, throughout major livestock […]

Flexicon opens Malaysia office

Flexicon Singapore Pte Ltd have opened a new office in Malaysia to provide factory-direct sales and applications engineering services throughout Southeast Asia, it was announced by Greg Slack, Vice President Global Sales, Flexicon Corporation. The new location will be headed by Shien Chong Ong, Regional Sales Manager, who holds a degree in Materials Science from National Cheng Kung University and has served in technical engineering positions since 2013, in the steel, plastics and filtration technology industries. He will be responsible for building relationships with plant managers, engineers and other decision-makers in facilities that handle bulk solid materials across the food, pharmaceutical, mineral and general chemical industries. “Ong will be undertaking a pivotal role in our continuous efforts to grow market share in Southeast Asia. The local Malaysia staff will have full access to Flexicon’s engineering resources and experience of over 25,000 installations worldwide. Together with our Lifetime Performance Guarantee, this can enable local processing plants to purchase bulk handling equipment and systems free of risk,” explains Mr. Slack. Flexicon Corporation (USA), have manufactured, marketed and supported the entire Flexicon equipment line in the region since 2005 through their wholly-owned subsidiary, Flexicon Corporation (Australia) Pty Ltd. In 2013, the company expanded, adding Flexicon Singapore Pte Ltd, and in 2019 added a factory-direct sales office in Indonesia. “The demand for Flexicon equipment in the greater Australasia region has continued to grow. We tripled our manufacturing capacity here in 2008, and have doubled it again in 2021,” says Tim Greene, Managing Director for the region. Flexicon manufacture flexible screw conveyors, tubular cable conveyors, pneumatic conveying systems, bulk bag conditioners, bulk bag dischargers, bulk bag fillers, drum/box/container tippers, manual dumping stations, weigh batching systems and engineered plant-wide systems integrated with the new or existing equipment or processes. The company own and operate manufacturing […]

Robot-assisted assembly of high-voltage connectors for electric vehicles

Masterpiece for Mexico Assembling high-voltage connectors for electric and hybrid vehicles at a rate of five million per year calls for sophisticated automation solutions. Especially when regular retooling for new models and variants is the norm. Against this background, a pioneering system with six Stäubli robots, 13 image processing systems and inline quality control at every stage is now ensuring highly flexible production. Electro-mobility is the buzzword of our times, and the market for vehicles with electric drives is steadily gaining momentum worldwide. For some time now, this trend has also been spurring demand for the type of assembly solutions for electric components offered by specialized machine builders such as Eberhard AG. The company, based in Schlierbach near Stuttgart, Germany, was recently asked by a multinational automotive supplier to implement a complex project. Specifically, it involved the planning and realisation of an assembly line for high-voltage connectors. The system would have to not only perform the actual assembly work, but also the visual inspection at each stage, the testing of every single connector for leak-proofing, and finally the packing of the finished high-voltage connectors in trays. As Abdullah Kotan, Project Planning and Application Team Leader at Eberhard describes, “The special features of the project included the target output of 5,000,0000 units per year, a short cycle time of no more than three seconds per connector, and a future-proof system design to accommodate a large number of possible connector variants. “Given these requirements, it quickly became clear that the only possible solution would include robots, an image processing system and a highly flexible feed system.” Founded in 1964 and now employing 320 people, Eberhard has extensive experience in the field of PCB assembly and connector production. Because customized automation and assembly solutions are among the company’s core competencies, management was firmly […]

Mowilex wins big at 2021 Global CSR Awards

Paint manufacturer PT Mowilex Indonesia won three major awards at the 13th Annual Global CSR Summit & Awards, once again earning recognition for its environmental, employee and community commitments. Organised by Singapore-based Pinnacle Group International, the Global CSR Awards recognise innovations across 16 corporate social responsibility (CSR) categories, including environmental protection, community empowerment, gender equality and workplace diversity. More than 100 global and regional brands submitted some 350 entries for this year’s awards. Mowilex won three 2021 Global CSR Awards, standing out among companies with a market capitalisation of US$500 million to $1 billion. “These awards validate Mowilex’s commitment to being an ethical and contemporary market leader, both within Indonesia and globally,” says Mowilex Indonesia CEO Niko Safavi. “We’re Indonesia’s only CarbonNeutral®-certified manufacturing company. We voluntarily introduced lead-free paints two years ahead of United Nations goals. We took bold steps to help community members during the pandemic. Through our comprehensive environmental, social and governance [ESG] efforts, Mowilex works incredibly hard to protect the planet, manage resources, fight poverty and provide opportunities for all.” Best Workplace Practices: Platinum Mowilex won its first Best Workplace Practices Award thanks in part to its ground-breaking pandemic response. Managers established a COVID-19 Emergency Response Team in March 2020. Mowilex teams produced and donated 16,000 bottles of hand sanitizer, 26,000 face masks and 14,000 medical-grade personal protective equipment (PPE) items. The company paid the full salaries of all its employees, even during pandemic shutdowns. Employees received Covid-19 test kits from Abbott Laboratories, a global testing leader, and regular testing, self-assessments and vaccination rate monitoring continue. At the same time, volunteer employees distributed staple foods to underserved families near Mowilex facilities. Mowilex also welcomed over 1,200 members of its workforce to professional development programs in 2020 alone. More than 100 took part in Lean Six Sigma training, while the […]

Largest U.S. companies by market cap dwarf China’s top ten by five-fold

The United States and China host various competing companies with a global reach aiming to assert dominance in multiple sectors. However, U.S. firms appear to be prospering, registering high valuations. According to data compiled by Finbold, the top ten U.S. publicly traded companies have a cumulative market capitalisation of $12.82 trillion as of December 21, 2021. The valuation is at least five times more than China’s top ten counterparts that have a market capitalisation of $2.54 trillion. Tech giant Apple ranks top with a market cap of $2.7 trillion, followed by Microsoft at $2.4 trillion, while Alphabet is third at $1.8 trillion. Amazon ranks fourth at $1.6 trillion, followed by Meta at $905.3 billion. Other companies with a high valuation in the U.S. include Tesla ($903.7 billion), Nvidia ($690.7 billion), Berkshire Hathaway ($648.6 billion), United Health ($455.6 billion), and JPMorgan Chase ($454.9 billion). In China, Tencent ranks as the largest firm with a valuation of $529.2 billion, followed by Kweichow Moutai at $401.2 billion, with eCommerce giant Alibaba ranking third at $311.7 billion. ICBC is in the fourth spot with a market cap of $242.2 billion, followed by CATL at $220.7 billion. Other Chinese companies with a high valuation include CM Bank ($200.2 bank), China Construction ($171.1 billion), Meituan ($166.8 billion), Agricultural Bank of China ($157.4 billion), and Wuliangye Yibin ($140.9 billion). The U.S. dominated by tech companies The report acknowledges that the U.S. companies are dominated by technology companies that have experienced significant growth over the recent months. According to the research report: “The valuation comes after the technology sector experienced unprecedented growth inspired by the pandemic. The industry’s stocks gained prominence as their products offered consumers the means to navigate the lockdowns initiated to control the health crisis.” The U.S. companies are also backed by a large domestic […]

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