21 Oct 2021Industrial
Hitachi & VMware partner to innovate on a multi-cloud & container platform

Key Insights and Signals in Industrial

Center setup and Expansion  
Doosan Heavy opens Korea’s largest 3D printing fabrication facility 
Doosan Heavy first adopted 3D printing technology in 2014 to obtain a more advanced method of manufacturing gas turbines for power plants. Doosan owns five metal 3D printers, two of which were recently implemented, and these all form a part of Doosan’s recently built 3D printing fabrication shop, the largest to date in Korea. Read More>>
JinkoSolar is setting up a 7GW ingot and wafer plant in Vietnam 
Having received approval from the local authorities earlier this year, JinkoSolar started working on the plant in the northern Quảng Ninh province to support its existing overseas production facilities. With an annual capacity of 7GW, the plant will be operational in the first quarter of 2022. Read More>>
Panasonic opens production facility in Vietnam 
Panasonic invested around USD 45 Mn in constructing the new facility, which will have a planned production volume of 3 million units in FY2026. As a central production hub for indoor air quality-related devices in Southeast Asia, the factory will increase Panasonic’s production volume in the region to approximately 1.5 times in FY 2026 compared with FY 2021. Read More>>
Japanese AC major Daikin to set up a third manufacturing facility in Andhra Pradesh, India 
The plant will cater to domestic demand and establish India as a regional hub that will serve international markets. The company is expected to invest about INR 1,000 Cr (USD 133.76 MN) in the first phase to construct the facility. Read More>>
Deals and Deal Renewals 
ABB provides integrated power & automation system for Chilean mine
The company will deliver a common platform for process and power control using ABB Ability System 800xA, Power and Process Control Library, and Camera Connect (the ABB video system embedded in the control platform for optimized process monitoring). Read More>>
Acciona consortium wins USD 1 Bn Saudi sewage plants contract 
The Spanish group will also be responsible for the facility’s development, design, financing, construction, operation, and maintenance for 25 years. Acciona will build 23 km of recycled water collectors for irrigation, three storage tanks, and the respective pumping stations as per the deal. Read More>>
Alstom awarded the contract for Taipei’s circular metro line 
The order is valued at close to EUR 720 Mn (USD 831 Mn). Alstom will provide 29 four-car Metropolis trains, signaling, platform screen doors, project management, and overall system integration. Read More>>
Greenland signs up with waste-to-energy tech company Babcock & Wilcox 
The facilities, to be built in Nuuk and Sisimiut, will provide heating for residents and businesses while also eliminating methane – a greenhouse gas created by waste as it decomposes in landfills. Read More>>
Enter Engineering signs agreement with ThyssenKrupp 
The deal, worth EUR 50 Mn (USD 57.74 Mn), relates to Enter Engineering’s exclusive role as a construction partner in building an integrated mining metallurgical complex on the Tebinbulak iron ore deposit. Read More>>
Partnerships 
Amsted Automotive expands global powder metallurgy capacity by forming a joint venture with Anhui HOFO Mechanical and Electrical Co. Ltd.
The new venture, BN-HOFO, joins the technology resources of Amsted Automotive’s Burgess-Norton business unit with HOFO’s in-country manufacturing and technology base to further improve Burgess-Norton’s position as a leader in powder metal component manufacturing. Read More>>
Avery Dennison, Youngone set up a manufacturing unit in Bangladesh 
The 2,052-sqm unit in the Korean Export Processing Zone (KEPZ) in Chattogram will enable local customers’ strong service quality and flexibility. Read More>>
Schaeffler, DMG MORI announce cooperation in digital tool manufacturing 
It will implement a groundbreaking dynamically integrated production system for digitalizing tool manufacturing in its plants worldwide, collaborating with DMG MORI Aktiengesellschaft. Read More>>
Harpak-ULMA partners with FANUC America for digital transformation in food packaging, manufacturing 
Harpak-ULMA will be showcasing FANUC’s products in their customer experience centers (CXE). Harpak-ULMA’s CXEs, with this innovation, can support a variety of functions – from the process, peelability, and new product testing, to skin and vacuum trials and other R&D projects. Read More>>
Hitachi & VMware: Innovating for a successful multi-cloud & container platform 
Together with VMware, Hitachi is making it possible for enterprises to meet their new digital challenges. Solutions from Hitachi and VMware will allow the modernization of your digital solution with the best of public and private clouds with a hybrid cloud infrastructure to run your workloads right where you need them when you need them. Read More>>
AVEVA and Schneider Electric enter distributor partnerships to deliver end-to-end industrial software solutions 
The combined partnership will provide a complete portfolio of digital transformative solutions for end-users to expedite their digital journeys across energy management, automation systems, and services. Schneider Electric will assist AVEVA customers in optimizing these solutions to update their operations and ensure business continuity successfully. Read More>>
Executive Movement 
AMETEK Land restructures global sales team with key senior appointment 
The company appointment has appointed Jesper Kristiansen as its Senior Director of Global Sales. He will lead AMETEK Land’s commercial strategies, working with the global sales teams to maintain its market-leading position in metals and power markets. Read More>>
Applied Materials names new CFO as Duran leaves for Adobe 
Bob Halliday, who previously served as CFO at Applied Materials, will step into the role on an interim basis until a successor is found. Read More>>
Cornerstone Building Brands names new senior leaders in operations, supply chain 
Brigette Gage joined Cornerstone as Sr VP, Supply Chain, and Keith Scherzer as Sr VP, Operations. Ms. Gage is responsible for providing leadership, direction, and resource stewardship for supply chain functions across the company. Read More>>
Xylem appoints a new managing director for the Middle East and Turkey regions 
The company appointed Naji Skaf as MD for the Middle East and Turkey. Naji has a track record of 23 years in the energy sector and 17 years of experience working in the region. Previously, he served as President, Middle East & Turkey at Air Products and CEO of Air Products Qudra. Read More>>
Mergers & Acquisition
ATS Automation acquires packaging equipment maker DF S.r.lI 
The addition of DF provides Comecer with a complementary portfolio of products allowing us to enhance our value proposition to customers, particularly in the aseptic fill-finish manufacturing area. Read More>>
Contemporary Amperex Technology Co., Ltd. to acquire Millennial Lithium Corp. for CAD 377 Mn (USD 299 Mn) 
Millennial received a non-binding proposal from CATL to acquire all of the issued and outstanding Common Shares for CAD 3.85 (USD 3.06) per Common Share and notified Ganfeng that this proposal constituted a “Superior Proposal” following the terms of the Ganfeng Arrangement Agreement. Read More>>
Whirlpool’s (WHR) India unit to buy additional stake in Elica  
Whirlpool India already owns a 49% stake in Elica India and is purchasing additional 38% shares, which will bring the total ownership to 87%. This will make Elica India a majority-owned subsidiary of Whirlpool India. Read More>>
Tata Steel sells Singapore unit 
However, the wires business of NatSteel in Thailand (Siam Industrial wires) was retained by Tata Steel as part of the downstream wires portfolio. Read More>>
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Latest Industry Insights from Draup Braindesk

Major industrial companies like Honeywell and Schneider Electric leverage partnerships with niche solution providers for end-to-end cybersecurity, yield improvement, and energy efficiency. 

  • ABB introduced FLXeon, new IoT technology that redefines building automation & controls. This solution delivers robust control, connectivity, and visualization for intelligent buildings. 

  • Honeywell partnered with Nozomi Networks to deliver comprehensive, end-to-end cybersecurity for operational technology environments. The partnership combines Nozomi Networks’ industry-leading OT & IoT security and visibility capabilities with the Honeywell Forge Cybersecurity software. 

  • Toshiba has launched a new IoT Solution Pack software application for US water and wastewater treatment facilities. The new IoT application, which harnesses the power of real-world machine data, enables remote monitoring and improved operational efficiency for these facilities. 

  • Siemens collaborated with IBM to launch a hybrid cloud initiative to increase the real-time value of Industrial IoT data. This collaboration will use a hybrid cloud design to deliver an open, flexible, and secure solution for manufacturers and plant operators to drive real-time value. 

  • Fujitsu launched an endurance line of Wirepas Massive network units. It offers an IoT solution for Real-Time Locating Systems (RTLS) and smart industrial IoT applications. 

Key Funding Alert

BrightVolt raises USD 16 Mn in Series-B funding led by new science ventures and caterpillar venture capital Inc. 
BrightVolt, Inc., a global leader in the design, development, and manufacturing of safe, high energy and low-cost solid-state Lithium-Ion batteries, will use the fresh funds to develop larger form factor products targeting industrial electrification and e-mobility markets. Read more>>

Startup Spotlight

Company –  Flybotix 
Total Funding  USD 1.98 Mn
About: Flybotix develops a drone based on proprietary propulsion and steering technology. It aims to double the flight time of compact drones. We use our maglev-like propulsion and steering technology as a building block to create a 390mm, dual rotor, collision tolerant drone. Read more>>

Latest Reports Published in Draup

Xerox Corporation Account Intelligence Report: Xerox wants to enhance additive manufacturing research to transform the way the military supplies its forward-deployed forces. It is keen on expanding IT services across Xerox Business Solutions to offer a personalized suite of end-to-end IT solutions. Read More>>
Enercon Account Intelligence Report: Enercon is focusing on the e-charging park, and in addition to manufacturing wind turbines, it thus aims to sell its wind power via its charging stations in the future. It is also involved in future technology areas such as energy, storage, e-mobility, and smart grid solutions. Read More>>
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