This week in Industrial: AI integration takes stride as manufacturers advance automation, predictive maintenance, and customized manufacturing
Latest Industry Insights from Draup Braindesk
Americas Region Technology Footprint: San Francisco Bay Area, United States, Greater Chicago Area, United States, Greater New York City Area, United States are the major MSA locations across the America region.
Key Focus Areas:
The cross-cutting nature of many of these disruptive technologies reinforces the ongoing convergence of production and innovation, manufacturing and services, and material and digital.
Additive Manufacturing/3D Printing: 3-D printing is the additive process of building objects through layering. Additive manufacturing can substantially reduce the cost and time of prototyping in manufacturing industries and enable mass product customization.
Advanced Robotics: Automation and advanced robotics allow for greater speed, consistency, and complexity in the production process. Although robotics is not new, only recently has artificial intelligence become sophisticated enough to automate non-routine tasks such as quality control monitoring at assembly lines.
Dematic account intelligence report: Dematic aims to automate logistics for distribution centers to ensure faster and smoother e-commerce fulfillment. Its aims to modernize warehouse environments that helps its customer to improve their capabilities in logistics, warehousing, and commerce capabilities. Read More>>
Velux account intelligence report: Velux intends to enable renewable energy to maintain stability and reduce carbon emissions. It offers many types of decoration and sun screening, roller shutters, installation products, products for remote control, and thermal solar panels for installation in roofs. Read More>>
Key Funding Alert
Smurfit Kappa to invest EUR 24 Mn (USD 28.6 Mn) to modernize French plant
The investment will modernize and expand the corrugated paper plant in Rethel, northeast France, consolidating two existing facilities and installing a new state-of-the-art corrugator and conversion equipment. Read More>>
Startup Spotlight
Company – MegaRobo HQ Location – Beijing Area, China Total Funding – USD 95.77 Mn About: MegaRobo develops robots and the Internet of Things (IoT) applications. It is working on applying robots and artificial intelligence (AI) in the life science industry. It also provides automation solutions for smart retail and lightweight manufacturing. Read more>>
Key Insights and Signals in Industrial
Mergers and Acquisitions Cobham puts top-secret defense rival Ultra Electronics in its sights The defense group was taken over by US private equity firm Advent International in a GBP 4 Bn (USD 5.5 Bn) deal last year. It was considering a bid for Ultra Electronics to create a “global defense electronics champion.” Read More>> Eaton acquires a 50% stake in Jiangsu YiNeng Electric’s busway business The agreement expands Eaton’s power distribution portfolio in the Asia-Pacific market. This positions Eaton to better serve customers in high-growth data centers and premier commercial markets. Read More>> Brunswick Corporation to snap up Navico for USD 1.05 Bn Brunswick will add Lowrance, Simrad, B&G, and C-MAP to its Advanced Systems Group to invest in organic initiatives and acquisitions and maintain its global product leadership position. Read More>>Deals Prysmian wins USD 900 Mn the US clean energy project contract Considered the first link in a national clean energy grid, it will connect two of the largest energy markets in the US. Owned by investment funds managed by Copenhagen Infrastructure Partners, Siemens Energy, and Jingoli Power, SOO Green HVDC, it will be responsible for the 2,100-megawatt interregional project. Read More>> Keysights Scienlab Test Solution selected by Dukosi Limited for battery module development Dukosi will be using Keysight’s Scienlab SL1001A Battery Test System to support the development of battery degradation tracking and prediction algorithms, as well as state of charge monitors. Read More>> Howden to supply hydrogen compressor solutions for Nels electrolyzers Howden’s compression solution’s reliability, efficiency, and safety match Nel’s electrolyzers’ requirements relative to hydrogen production. It is an essential step towards achieving Nel’s cost target of green hydrogen production at USD 1.5/kg. Read More>>Executive Movement Trelleborg hired Mueller to its customer success team for Sealing Solutions in Schaumburg Mueller will help create exceptional experiences for Trelleborg’s key customers in the Midwest United States. Read More>> Delaware manufacturer Greif names new CEO The Board of Directors has elected Ole Rosgaard to succeed Mr. Watson as President and CEO, effective February 1, 2022. Mr. Rosgaard will serve as Chief Operating Officer of the Company until that time. Read More>> Maria Fernanda Souto will be Danfoss’s new Head of Group Strategy The new function will play a key role in helping to track and review the strategic priorities as they aim to become a leading supplier of sustainable energy-saving solutions that enables the green transition towards lower CO2 emissions and more electrification. Read More>>Partnerships Rolls-Royce partners with Man Energy Solutions The agreement involves MAN’s PBST brand distributing MTU turbochargers, with the turbochargers developed and produced in-house by Rolls-Royce Power Systems being made available in additional markets. Read More>> Hitachi ABB Power Grids has joined the 450 MHz Alliance It brings together carriers, spectrum owners, and equipment, terminal, and solution vendors to drive the development of mobile networks in the 450 MHz frequency band, which will ensure reliable connectivity for customers’ mission-critical applications. Read More>> Volvo has announced a new 50 GWh battery cell gigafactory in Europe in partnership with Northvolt Northvolt said that the venture would first result in a research and development center in Sweden that will begin operations in 2022. The bigger deal is an upcoming battery cell gigafactory. Read More>>Mass Hiring Flex-N-Gate adds 245 jobs with a new Troy manufacturing facility The tier-1 auto supplier, whose Troy business unit creates sequenced plastic fascias and welded underbody real rails, will privately invest USD 52.1 Mn. Flex-N-Gate’s venture, company leaders, said announcing the facility will solidify the auto supplier’s position in the state. Read More>>
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