Doosan to manufacture 5G antenna modules based on Movandi’s beamforming technology

Key Insights and Signals in Industrial

Center setup and Expansion  
Kubota participates in the inauguration of the Rural Innovation Hub in Barrax 
The Rural Innovation Hub in Barrax (Albacete) was inaugurated in the presence of Kubota as its partner. The center promotes entrepreneurship and innovation in the national agri-food sector. Read More>>
Panasonic to construct a new building at the Vietnam factory 
The company will build a new building on the premises of its existing factory to respond to produce wiring devices and circuit breakers and fulfill the increasing demand in Vietnam. The factory will produce 150 million wiring devices per year by 2029, approximately 1.8 times the current production. Read More>>
Alstom wins a USD 64 Mn signaling delivery contract from Network Rail 
The company will provide new signaling, level crossings, and other assets on the London Waterloo to Portsmouth line on the Portsmouth Direct route between 2022 and 2024. Alstom will replace the life-expired equipment with its latest technology on the Farncombe to Petersfield project. Read More>>
Italy’s Prysmian reels in USD 1.3 Bn offshore cable deal for first UK-Germany power grid link 
An international investment group signed the deal with Italian contractor Prysmian to lay the NeuConnect UK-Germany interconnector. This 1.4GW submarine trunkline will connect the two countries’ power grids for the first time. Read More>>
First Solar pens 1.5GW module supply contract with SB Energy 
SoftBank-owned SB Energy signed an order for 1.5GW of thin-film PV modules from First Solar to deploy across its 4GW solar and storage development pipeline projects in the US. It had installed 1.3GW of solar PV in 2021, with the remaining 400MW of the first order operational in the first half of 2022. Read More>>
Honeywell and Duke to help create smart cities throughout the US 
The companies will jointly develop and deliver comprehensive energy resiliency solutions to targeted markets across the United States. The municipal microgrids made by Honeywell and DESS will help cities continue providing essential services during these outages. Read More>>
Blades Direct reviews partners with Husqvarna Construction Equipment 
Blades Direct, an online distributor of diamond blades and related tools for contractors and the construction industry, partners with Husqvarna Construction Equipment, one of the oldest and most trusted names in the construction tools and equipment industries, to sell a complete range of diamond blades and saws. Read More>>
Doosan Corporation advances Into 5G antenna module business 
The company delivered 5G mmWave 28 GHz beamforming antenna modules from FRTek, a telecommunication smart repeater manufacturer. Doosan is expanding its business to the high value-added field of copper clad laminate (CCL), which is diversely applicable to mobile, semiconductors, networks, automotive electronic devices, and 5G/6G telecommunications. Read More>>
Green Home Systems announces new partnership with Panasonic 
The company entered into a strategic supply agreement with Panasonic. Green Home Systems will offer Panasonic l next-generation evervolt 360 Mono black on black panels for residential customers. Panasonic is the best solar panel with high efficiency and a triple warranty that will cover production and replacement. Read More>>
Mergers and Acquisition
Doosan Corp. to buy 38.7% of Tesna for Won 460 Bn (USD 37 Mn) 
Founded in 2002, Pyeongtaek, Gyeonggi-based Tesna provides test services for processors, image sensors, and wafers. In the wafer test area, Tesna claims the largest market share, and its main clients include Samsung Electronics and SK Hynix. Read More>>
Welbilt sells the Manitowoc ice business to Pentair for USD 1.6 Bn 
The company has signed an agreement to sell its Manitowoc Ice business to London-based water treatment company Pentair PLC. Manitowoc Ice designs, produces, and sells ice machines and related equipment. Welbilt expects the sale to complete in the first half of this year. Read More>>
Mann+Hummel acquires Pamlico Air 
The company acquired Pamlico Air, a manufacturer of high-quality air filtration products. Under the umbrella of Mann+Hummel, Pamlico Air will join Tri-Dim and Tri-Dim Hardy in becoming a North American powerhouse in air filtration, covering retail, wholesale, and the commercial aftermarket in the region. Read More>>
Executive Movement
Applied Materials names former Xilinx finance chief as CFO 
The company appointed former Xilinx finance chief Brice Hill as its chief financial officer. Hill, 55, succeeds Dan Durn, who stepped down in October to take over as CFO of software company Adobe Inc ADBE.O. Hill was the CFO of Xilinx when chip designer Advanced Micro Devices Inc AMD.O agreed to buy the company. Read More>>
Brad Paulsen appointed CEO of Rexel USA and member 
Brad Paulsen has been appointed as Chief Executive Officer of Rexel USA, succeeding Jeff Baker, retiring after 15 years with Rexel USA, while remaining a member of its Board of Directors. After holding several other senior positions, Mr. Paulsen joins Rexel from HD Supply, where he was most recently Chief Operating Officer, overseeing the Sales and Supply Chain teams. Read More>>
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Latest Industry Insights from Draup Braindesk

Centrax Account Intelligence Report 
  • Centrax collaborated with Engie Solutions, Siemens Gas and Power GmbH & Co. KG, Arttic, German Aerospace Center, and four European universities for the HyflexPower project to scale power-to-X-to-power demonstrator with an advanced hydrogen turbine launched at Smurfit Kappa PRF’s site. It demonstrates that hydrogen can be produced and stored from renewable electricity and natural gas with combined heat and power plants. 
  • Centrax with Siemens Energy has strengthened its partnership to maintain, repair, and overhaul the Siemens SGT-A05 gas turbine at its new MROC facility in Southwest England. 
  • Centrax Gas Turbines has installed a CX300, its latest generation of high-tech generator sets for Florim, incorporating the Siemens SGT-300 core engine to power Florim’s Modano facility. It utilizes CX300 by the recovered exhaust heat in the ceramic manufacturing process.

Key Funding Alert

Reliance to invest USD 221 Mn for electronics manufacturing with Sanmina in India 
Reliance Industries plans to establish a joint venture with Sanmina to prioritize high technology infrastructure hardware for growth markets and across communications networking, medical and healthcare systems, industrial and cleantech, and defense and aerospace. Read more>>

Startup Spotlight

Company – 9T Labs
Total Funding  USD 22.5 Mn
About: 9T Labs’ proprietary 9T Labs Additive Fusion Technology (AFT) can be used by manufacturers to create lighter structural parts with true 3d fiber orientation and mass-produce carbon composite at a lower cost. Read more>>
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