Key Insights and Signals in Industrial
|
|
|
Deals
Almaco and Oil Chef announce exclusive distribution agreement
Almaco Group and Oil Chef signed a deal to provide energy-efficient and sustainable cooking solutions to customers in the marine and offshore sectors. Oil Chef’s OiLChef fryer devices reduce energy consumption, carbon footprint, and food waste. Almaco Group can offer its customers an eco-friendly solution while OiL Chef expands its market reach. Read More>>
Aker Solutions wins Congo subsea contract from TotalEnergies
Aker Solutions signed a contract with TotalEnergies to provide deepwater subsea production systems for a field off the coast of the Congo. The deal includes supplying SPS for three additional infill wells tied back to the Moho Nord field, with the final delivery scheduled for Q1 2025. Read More>>
Partnership
EWE and Salzgitter AG announce cooperation
EWE and Salzgitter AG have agreed to a partnership for green hydrogen production. EWE will supply hydrogen to Salzgitter AG for low-CO2 steel production through SALCOS. The collaboration aims for long-term, reliable, and eco-friendly steel production. Read More>>
Centre Setup and Expansion
Entegris opens a state-of-the-art manufacturing facility in Kaohsiung, Taiwan
Entegris has opened a new facility in Southern Taiwan’s Kaohsiung Science Park. The US$ 500 Mn facility will significantly increase the company’s production capabilities and features technologies and processes designed to reduce waste, decrease water and energy consumption, and increase the use of renewable electricity. Read More>>
Dyson builds battery factory in Singapore, boosts Bristol
Dyson opened a battery plant in Tuas, Singapore, to produce its next generation of batteries with proprietary technology. This plant will be fully operational by 2025 and manufacture smaller, lighter, and more sustainable batteries to power newly developed Dyson products. Read More>>
Merger and Acquisition
Yokohama Rubber completes acquisition of Trelleborg Wheel Systems
The acquisition aims to expand its off-highway tire business for stably high earnings. The acquisition will generate product development, manufacturing, sales, quality control, and sustainability synergies. Read More>>
Layoff
Makita in Flowery Branch is laying off 22 people, but this is also happening at the plant
Makita announced the layoff of 22 employees at its Flowery Branch facility in Georgia due to shifting some of its operations to China. Distribution services will be relocated to three Makita locations, including Flowery Branch, over the next few months. Makita’s Buford facility is not affected by the layoffs. Read More>>
Executive Movements
Anne Jalkala joins the Vaisala leadership team
Vaisala appointed Anne Jalkala to the leadership team as Chief Sustainability and Strategy Officer. Jalkala brings extensive experience in growth, innovation, and strategy from her previous leadership positions at Fortum. She will drive Vaisala’s journey toward long-term, sustainable growth, and global leadership. Read More>>
Wrtsil appoints Anders Lindberg as President, Energy, Executive Vice President, and a member of the Wrtsil Board of Management
Wartsila appointed Anders Lindberg as the new President, Energy, and Executive VP. Lindberg has extensive experience leading international project businesses in the energy and rail industries. Lindberg will succeed Sushil Purohit, who left Wartsila in November and will commence his new role on June 1, 2023. Read More>>
Financial and Market Activity
Escorts Kubota Q4 net profit climbs 14%
Escorts Kubota reports a 14% increase in net profit to INR 216 Cr (US$ 26.18 Mn) for Q4 FY22. The company’s revenue from operations rose to INR 2,214 Cr (US$ 268.4 Mn) in Q4 FY22 and INR 8,429 Cr (US$ 1 Bn) for the year ended March 31, 2023. Despite declining consolidated profit after tax for FY23, Escorts Kubota remains a strong player in the farm and construction equipment industry. Read More>>
|
|
|
Did you find the newsletter helpful? *|SURVEY: Yes|* *|SURVEY: No|*
|
|
|
Latest Industry Insights from Draup Braindesk
|
|
|
|
Advanced Automation
- Manufacturing companies use process automation tools such as RPA, AI, Business Process Automation (BPA), and Intelligent Document Processing (IDP) to enable end-to-end process automation.
- Many companies use these technologies to streamline complex back-office operations such as purchase order creation, inventory management, vendor communication, payment processing, report generation, etc.
- Companies invest in intelligent automation to sustain mature product categories, including automobiles
Industrial Internet of Things (IIoT)
- Manufacturers are implementing IIoT across their entire operations, deriving superior operational intelligence
- Manufacturing companies are using IoT assets to connect machines and systems, a paradigm shift that enables real-time asset monitoring, connected operational intelligence
- Companies focus on developing Industrial Automated Guided Vehicles (AGVs), Industrial Picking Robots, Industrial Inventory Monitoring, etc.
- This connectedness gives manufacturers valuable data that enable them to change, optimize, and improve every facet of their manufacturing process
Predictive Maintenance
- Manufacturers are concentrating on predictive analytics to track equipment performance using a variety of performance parameters and automate the data collection process with IoT technologies to improve inventory optimization and product quality
- Manufacturers are utilizing predictive analytics software to digitalize entire plastic manufacturing plant operations, food and beverage, or any other manufacturing method to extend the lifetime of machinery, prevent breakdowns, reduce unplanned outages, and avoid other disruptions in the production cycle.
|
|
Startup Spotlight
Company – Miko
Total Funding – USD 63.25 Mn
About: Miko is a consumer electronics company that uses robotics, AI, and the IoT and makes some of the world’s most widely acclaimed robots. They manufacture autonomous underwater vehicles, are ranked among the best internationally, and perform Navy-based tasks. Read more>>
|
|
Latest Reports Published in Draup
|
|
|
|
Ingersoll Rand Inc Account Intelligence Report
Ingersoll Rand prioritizes acquisition and focuses on generating organic growth that strengths position in core product categories and broadens exposure to high-growth, sustainable end markets. Read More>>
|
|
|
Legrand Account Intelligence Report
Legrand is a holding company that manufactures electrical and digital building infrastructures. It constantly innovates in IoT, optical fiber, wireless communication, measurement, sensors, and big data to improve its business operations. Read More>>
|
|
Here’s what’s new on our Sales Intelligence Platform
Introducing Events App to help you stay informed about upcoming events
|
|
- Introducing Events app – Stay informed about upcoming events that match your interests
- Empower collaboration with our latest update on Lists! List owners can now easily grant or revoke permissions for colleagues to add or remove potential leads from their lists
|
|
|
|
|
