Engineering

Minetech records 32% increase in revenue for Q2

Company’s loss before tax continues to narrow on higher revenue contribution from civil engineering and manufacturing divisions KUALA LUMPUR – Civil engineering specialist and bituminous products manufacturer Minetech Resources Berhad today reported that the Company recorded a 31.9% rise in revenue to RM26.9 million for the second quarter ended 30 September 2022 (2Q FY2023) compared with RM20.4 million in the corresponding quarter of the last financial year (2Q FY2022). Matt Chin, Executive Director of Minetech The Company registered a loss before tax (LBT) of RM1.5 million for the quarter under review compared with LBT of RM4.7 million in 2Q FY2022. On a segmental basis, the civil engineering division recorded a 8.1% rise in revenue to RM16.1 million in 2Q FY2023 compared with RM14.9 million in 2Q FY2022. The manufacturing division, which produces bituminous products for pipe coating, waterproofing and sealing, posted a 166.7% increase in revenue to RM7.2 million compared with RM2.7 million in the same quarter of the previous financial year. For the first-half of the financial year ended 30 September 2023 (1H FY2023), Minetech registered a 36.9% increase in revenue to RM50.9 million compared with RM37.2 million in 1H FY2022. The Company recorded LBT of RM3.1 million in the period under review compared with RM9.1 million in 1H FY2022. Matt Chin, Executive Director of Minetech, said, “We continue to see our financial performance improve with narrower losses on higher revenue contribution from the civil engineering division’s Selinsing Gold Mine due to increase in work volume as well as from the Cheras-Kajang Highway, Wangsa Brezza Hill and GM Emerald Square.” “We have seen a significant increase in revenue contribution from the manufacturing division mainly due to the rise in sales of coating enamel and blown asphalt products as a result of improved demand from both domestic and […]

Solar testing lab opens in Shanghai

DEKRA recently inaugurated a new testing center for renewable energy in Shanghai, China. With this step, the global expert organisation is meeting the growing demand from the Chinese solar industry for high-quality testing and certification services. The DEKRA Shanghai Renewable Energy Testing Center is its biggest and most state-of-the-art solar laboratory to date in Baoshan, Shanghai, with the aim of providing even greater support to the development of the solar industry. China is the world’s largest manufacturer of solar modules and the industry is experiencing strong growth. “DEKRA and its customers share a commitment to a safe and sustainable world. Sustainability and renewable energy are crucial factors in safeguarding our future on this planet,” said Mike Walsh, head of DEKRA’s APAC region and Executive Vice President of the DEKRA Group. “I’m proud that DEKRA has made this significant investment. The DEKRA Shanghai Renewable Energy Testing Center demonstrates our commitment to the future of our planet and our enhanced expertise in terms of solving the challenges we all face to ensure we do business sustainably.” “We are investing in leading testing infrastructure as well as talent, so that we can keep pace with the ever-growing requirements in the renewable energy industry. The new testing center demonstrates our commitment in this field, and we’re delighted to be able to support the industry with these new resources. “Thanks to our innovative and pioneering testing services, we can offer solutions to 80 percent of the world’s leading manufacturers of photovoltaic modules today,” said Kilian Aviles, Senior Vice President of DEKRA’s APAC region and Managing Director of DEKRA China, at the official opening ceremony. The DEKRA Renewable Energy Testing Center covers some 2,600 square meters and provides leading global expertise in photovoltaic technology. The laboratory offers a broad and varied service portfolio covering testing and […]

Network-Monitoring-Sebastian-Krueger-ASIA-MN

Network Monitoring – The competitive differentiator in manufacturing

By Sebastian Krueger, Vice President APAC, Paessler Every industrial revolution brings along a learning revolution. Digitisation is transforming the world in ways people a few decades ago would have hardly imagined. You hail a taxi ride to take you to the best restaurant in town using your smartphone and get items you ordered just yesterday delivered to your home. The list is endless. At the core of it lie technologies that have enabled these changes, which are also disrupting areas like manufacturing, automation, and energy. All these technologies have one thing in common: data. Data takes center stage in the converged IT/OT era Today, data has become a critical component to optimise your business to be more competitive, or to develop new business models based on analytical insights. One well-known term in this regard is Industry 4.0, which caters to the ultimate goal of optimising the entire value chain of a product including development, manufacturing, usage, maintenance, and even recycling. This is enabled through modern technologies and the intelligent connection between humans, machines, factories, and the end product. Digital infrastructure like cloud-hosted systems, its local production network, or simply a web shop comprises the key technology stack for a company that decides to move into the future. The convergence of Information and Operational Technology (IT/OT), Industry 4.0 and increased digitisation have all reshaped the way the production floor connects and interacts with IT. This interconnectivity makes it pertinent to have a unified overview of your entire infrastructure. These include programmable logic controllers, industrial PCs, smart industrial gateways, sensor technologies, as well as traditional IT infrastructure components like network switches, routers, and wireless devices. Monitoring it all requires an integrated solution that can coalesce OT and IT together into a single view. Why do you need holistic monitoring for your industrial IT? […]

Mölnlycke invests EUR 50 million in a new surgical gloves plant

Mölnlycke is investing EUR 50 million in a new plant in Kulim, Malaysia, to meet future demand for high-quality surgical gloves. The new plant will start production in September 2022 and will generate 500 new local job positions. With sustainable manufacturing as one of the main drivers for the initiative, Mölnlycke is partnering with ENGIE for energy solutions and Veolia Water Technologies for wastewater treatment solutions to ensure best-in-class energy and waste water management at the new plant. “The new plant is a key part of our future plans for sustainable growth within the surgical gloves business. It will enable us to expand production to meet projected demand. But the best part is that we will achieve this in a less resource-intensive way, while creating a state-of-the-art working environment for our colleagues in Malaysia,” says Zlatko Rihter, the CEO of Mölnlycke. “As part of our commitment to reduce our operational carbon emissions by 50% by 2030 (baseline 2016), and in support of Malaysia’s national agenda to achieve net-zero emissions by 2050, Mölnlycke is focused on driving continuous energy efficiency to transition to 100% renewable electricity across all our sites globally. “We intend to optimise the new plant’s energy consumption by tapping digital energy management to monitor how energy is being used and where it is being lost. This increased transparency will help us optimise our efforts to reduce consumption.” Four out of Mölnlycke’s 14 plants are already operating fully on renewable electricity; and as of March 2022, additionally three of the surgical gloves manufacturing plants in Malaysia could be added to the list of factories fully powered by green electricity. Mölnlycke’s journey to become a zero waste company by 2050 at the latest continues with focusing on both promoting a circular economy to reduce waste in all our manufacturing processes […]

Secutech Vietnam opens in Ho Chi Minh City after three-year pandemic pause

Following Secutech in Taipei earlier this year, another influential trade fair for the security and fire safety industries is making its homecoming this week. Located in one of the most promising markets in South East Asia, Secutech Vietnam is preparing to open its doors from 18 – 20 August at the Saigon Exhibition and Convention Center with over 250 exhibitors participating. Pavilions from Japan and Singapore are leading a charge of international exhibitors from 15 countries and regions at the fair, with many of these brands presenting a new wave of safety innovations that have been inspired by the pandemic, including advanced biometrics and surveillance systems. Expectations for this week’s fair have been steadily rising over the past few months. In July, quarantine measures for international travellers to Vietnam were lifted, while in Q2, the country’s GDP grew at its fastest pace in 11 years as the manufacturing sector expanded. This potential is attracting many new entrants to the market. “This will be our first participation at Secutech Vietnam,” says Mr Ian Stewart, the Founder of Software Risk, an industry-leading provider of security guard management software. “Among all the Asian markets that we are interested in, Vietnam has one of the biggest potentials for growth in terms of infrastructure and the adoption of technology. We have set up a joint venture with local companies which have been in the market for more than five years to tap into the tremendous potential in the country, especially focusing on physical security and facility management operational software solutions.” Software Risk is joined at the fairground this week by more than 250 other exhibitors, all aiming to meet the likes of distributors, project owners and system integrators from the regional market. In anticipation of the opening day, Ms Regina Tsai, General Manager, Messe Frankfurt […]

Workplace security and training under the microscope at Secutech Vietnam’s Smart Security Conference

In Q2 of this year, Vietnam’s economic recovery kicked into high gear as GDP growth reached its fastest pace in 11 years. For the thousands of security industry players set to gather at this month’s Secutech Vietnam, this revival is welcome news. With different sectors of the economy including the manufacturing and services sectors expanding, so are the opportunities to implement more efficient security, fire safety and workforce management systems. From 18 – 20 August, exhibitors and seminar speakers will demonstrate how these solutions are not only becoming more advanced, but in many cases they are also becoming more affordable. Industrial output in Vietnam has risen for eight straight quarters to reach year-on-year growth of 11.5% in June 2022[1]. On the back of this data, it’s no surprise that solution providers are identifying new opportunities to implement their security products in factories, manufacturing facilities and for private security purposes across the country. Among more than 250 exhibitors participating at next month’s fair are Leacov and OneThird, two Singaporean based companies who will present their security training and management systems for large scale facilities. Discussing the prospects in the local market, the founder of both companies, Mr Simon Ng, says: “With a forecasted CAGR of 7.9% from 2020 through 2027, the private security market in Vietnam is poised to reach USD 1.3 billion by 2027. Rapid economic growth will fuel strong demands for high standard private security services and systems. Leacov and OneThird, who pride themselves on creating and providing niche and best of class solutions in workforce digitalisation and transformation, is excited to contribute and partake in this high growth explosive market.” Smart Security Conference provides the inside track on cloud and AI solutions The two companies will join representatives from nine other brands taking part in this year’s […]

Chai Kiam Soy and Hong Yeh Engineering Honored at Asia Pacific Enterprise Awards 2022 Malaysia

Enterprise Asia, the organiser of the 13th Asia Pacific Enterprise Awards (APEA) 2022 Malaysia, is pleased to recognise 47 exceptional business leaders and enterprises that have played a vital role in shaping Malaysia’s entrepreneurial landscape for the post-pandemic era. Organised annually across 16 countries and markets, the APEA is the most reputable award recognition program recognizing entrepreneurial excellence across Asia. The Awards aim to congregate outstanding business leaders and enterprises across Asia into one unparalleled platform for fostering the continuity of sustainable entrepreneurial growth in Asian economies. Chai Kiam Soy, the Founder and Managing Director of Hong Yeh Engineering Sdn Bhd, was named Master Entrepreneur by the APEA. Chai commenced his career in the rubber glove dipping machine fabrication, installation, upgrading/ modification in 2005 and founded Hong Yeh Engineering Sdn Bhd in 2018. He has led the steady growth of the company’s sales turnover and attracted many passionate, talented, and creative people to join the team. Hong Yeh Engineering Sdn Bhd is also among the elite award recipients under the Fast Enterprise Category in the Engineering industry. Hong Yeh Engineering’s dynamic and experienced team of skilled workers had successfully handled and completed glove dipping machine projects worldwide. Currently, it has projects in Malaysia, China, Vietnam, Sri Lanka, India, Thailand, Brazil, the Middle East, and African Countries. Hong Yeh Engineering strives to eventually become the leading Total Solution Provider in the Glove Dipping Line Manufacturing Industry. The company’s mission is to expand its business further and bring up the standard of glove dipping lines across the globe and consequently improve the quality and cost of gloves. It also aims to help glove manufacturer startups to realise their own vision of building up their production lines. Hong Yeh Engineering places immense importance on the upskilling and training of new […]

Rockwell Automation brings smarter drive capabilities to more applications

The new PowerFlex 755TS drive, now available across Asia Pacific, plays a major role in motor control applications, helps reduce downtime and gets motors running faster Singapore — Rockwell Automation, Inc. has launched PowerFlex AC variable frequency drive portfolio in Asia Pacific to support a broader range of motor control applications. This will give customers more flexibility, performance and intelligence in their next generation drive through TotalFORCE Technology. The PowerFlex 755TS drive is the first six-pulse drive to incorporate TotalFORCE technology from Rockwell Automation to help customers get the most out of their equipment. Previously only available in PowerFlex 755T drives with active front-end technology, TotalFORCE can now be used in a wider range of applications. This includes traditional fan, pump, and conveyor applications, and more advanced motor control processes that require high-performance features typically found in specialised drive solutions. This addition brings a simplified and consistent user experience to virtually any motor control application in three key ways: Flexible, high-performance control: The drive’s power range, voltage classes and performance capabilities meet the requirements of a wide range of motor control applications. This allows users to leverage a common drive for multiple applications, which can simplify support and reduce burdens on staff. Operational intelligence: Built-in predictive models use continuous operation monitoring to calculate the expected remaining life of drive components. These insights help users reduce unplanned downtime and maintenance costs by replacing components as needed instead of on a fixed schedule. Eased commissioning and optimisation: Using a suite of features referred to as Adaptive Control, the drive monitors machine characteristics that can change over time and automatically compensates for changes. This helps users commission the drive quickly and maintain it for the life of the drive without a tuning expert. It also helps reduce mechanical wear and improve uptime. “Significantly […]

12th Gen Intel Core processors powered ATX motherboard

Taipei, Taiwan-IBASE Technology Inc., a world leading manufacturer of industrial motherboards and embedded computing solutions, has the 12th Gen Intel Core processors (formerly Alder Lake) powered MBB-1000 ATX motherboard. The industrial platform is built with long-term reliability for graphics-intensive applications such as AIoT, digital signage, medical imaging, video surveillance and interactive kiosks. The latest Intel processors integrate up to 8 P-cores and E-cores, drives up to 1.35x times faster in performance with enhanced Intel® Iris® Xe graphics engine. The MBB-1000 supports four 4K independent displays with 1x HDMI (2.0b), 1x DVI-D, and 2x DisplayPort 1.4a (DP++). It features 5G/4G/LTE connectivity with a 5G-compatible M.2 B3052 socket and discrete WiFi 6E with the new frequency band ranging from 5.925 to 7.125 GHz. The board comes with four high-speed DDR4-3200 RAM sockets with a total capacity of 128GB and extensive I/O interfaces with 2x Intel® 2.5G LAN, 10x USB ports, 4x SATA III, 4x serial ports, and multiple expansion slots including 1x PCI-E(x16), 2x PCI-E(x4), 1x PCI-E(x1), 2x PCI, and 4x M.2 slots. “Like all IBASE motherboards, MBB-1000 uses only long-term stable capacitors and durable components combined with stringent testing procedures to meet mission-critical computing needs of our customers,” said Wilson Lin, Director of IBASE Product Planning Division. “Delivering consistently high-quality products and services enable our business and those of our partners to prosper and grow throughout the years.” The MBB-1000 will be available with three different Intel chipsets (R680E/Q670E/W680) and Win10 (64-bit), Linux Ubuntu (64-bit), and Windows Server 2022 OS support. MBB-1000 Features: 12th Gen Intel Core i9/i7/i5/i3 / Pentium® / Celeron® processors 4x DDR4 DIMM, Max.128GB Supports HDMI (2.0b), DVI-D, and DisplayPort 1.4 (DP++) Dual Intel 2.5G LAN 8x USB 3.1, 2x USB 2.0, 4x SATA 3.0, 4x COM 1x PCI-E(x16) (Gen5.0), 2x PCI-E(x4) (Gen4.0), 1x PCI-E(x1) (Gen3.0), 2x PCI 4x […]

Hyundai Motor Group to develop advanced manufacturing facility of the future with 5G

Singtel in agreement with Hyundai Motor Group (HMG) will deploy Singtel’s 5G infrastructure network solutions at its Hyundai Motor Group Innovation Centre in Singapore (HMGICS) which includes an electric vehicle production facility. The HMGICS, the first of its kind in the world, will leverage Singtel’s leading-edge 5G campus network with mobile edge core solutions that will provide uninterrupted high-speed connectivity and massive bandwidth to enhanceHMGICS’s high-precision quality control in manufacturing operations. HMGICS is the HMG’s open innovation hub for research and development in advanced mobility ecosystems with the aim of revolutionising the future mobility value chain. Apart from introducing smart mobility solutions in areas such as electric vehicles (EV), autonomous vehicles, and new forms of mobility products and services in Singapore, the HMGICS will also serve as a testbed for human-centred intelligent manufacturing and verification of Industry 4.0 technologies. Augmented by Singtel’s capabilities in 5G, artificial intelligence (AI) and Internet of Things (IoT), and Hyundai’s deep expertise in smart automotive manufacturing solutions as well as robotics, HMGICS will be the leading facility for the development of a metaverse for the manufacturing industry. Mr Lim Seng Kong, Managing Director, Singtel Enterprise Business, said, “Singtel’s 5G network and MEC solutions will overcome the performance limitations of WiFi to deliver the promise of digital twins and eventually metaverse for advanced manufacturing operations. “With innovation from Hyundai and enablement from our 5G solutions, we are looking at a new concept of manufacturing where the stationcomes to the cell, unlocking opportunities for hyper-customisation and other novel applications. “Together, we are paving the way for Singapore to be the centre for Smart Manufacturing in the region.” Singtel’s Paragon, an all-in-one platform for 5G networks, edge computing management and services orchestration, will enable the factory to manage and analyse the manufacturing process and performance of the networks, […]

«‹ 6 7 8 9 ›»

News Ticker

Engineering