Geek+ and Reesink to deploy automated mobile robots (AMR tech) for warehouses in Northern Europe

Key Insights and Signals in Industrial

Center setup and Expansion
VW starts construction of Salzgitter battery factory 
VW has broken ground for its first cell factory in Salzgitter in the presence of German Chancellor Olaf Scholz. The responsibility for its global battery business is to be held by a newly created company PowerCo. In addition to cell production, the company will be responsible for activities along the entire battery value chain. Read More>>
Delta Electronics taps Plano for its new R&D and manufacturing center 
The company is building out its existing Plano presence by purchasing a 30-acre plot of land. The acreage is set to become a hub for Delta’s research, development, and manufacturing efforts. The new facility will add to Delta’s current Plano operations, which include offices near the Plano-Richardson border. Read More>>
Trina Solar starts building a 10-GW PV production complex in China 
The company has recently held a ground-breaking ceremony to mark the start of construction of a factory that will eventually have the capacity to produce 10 GW of solar cells and modules per year. The New Energy Industrial Park is now being built in Xining, the provincial capital of the central province of Qinghai. Read More>>
Fluor awarded the contract for the New Fortress Energy fast LNG project 
New Fortress Energy Inc. awarded flour a full notice-to-proceed contract for the engineering, procurement, and fabrication management of the NFE Fast LNG 2 project. Read More>>
Andritz to supply complete OCC line to Shanying Paper in China 
The company has received an order from Shanying Paper Co. Ltd. to supply a complete OCC line, including fiber recovery and reject handling system, for its mill near Fuyu City, Songyuan, Jilin Province, China. The OCC line will have a capacity of 950 bdmt/d to produce fluting paper. Read More>>
Mergers and Acquisition
Atlas Copco completes two acquisitions 
Atlas’s first is the purchase of FITEC S.A.S., a French distributor of rotary screw compressors and ancillary equipment that sells to small and medium-sized industries. It has also acquired Bireme Group, a Singapore-based company specializing in treating compressed air and gas. Read More>>
China’s Ganfeng Lithium to buy Lithea Inc for USD 962 Mn 
Ganfeng will buy Argentina-focussed Lithea Inc to secure access to more resources for producing key battery metals. Privately owned Lithea owns rights to two lithium salt lakes in Argentina’s mineral-rich Salta province. Read More>>
NASCAR and Toyota Racing Development partner with Stratasys for 3D printed parts 
Stratasys, an official partner of Toyota Racing Development, is also a NASCAR Competition Partner. Its partnership with Toyota will see them produce 3D printed production parts, such as a windshield air cockpit ventilation unit, on the forthcoming Toyota GR86 for the GR Cup. Read More>>
Geek+ and Reesink Logistic Solutions partner to implement robots in warehouses 
The company has agreed to a new partnership with one of Europe’s top system integrators, Reesink Logistic Solutions. The warehouse automation market is becoming increasingly competitive and dense. The RLS companies have always looked for state-of-the-art technologies to add to their product portfolio. Read More>>
Executive Movement
Apple Valley has a new president appointed by Uponor 
Uponor Corp. appointed Andres Caballero as president of the company’s Building Solutions North America business and an executive committee member. Before joining Honeywell, Caballero oversaw the Latin American business for the Danfoss Mobile Electronics division and America’s business for the Topcon-Danfoss joint venture. Read More>>
Howden names Mary OConnor CEO of the new capital advisory arm 
Global insurance broker Howden appointed Mary OConnor as Chief Executive Officer of its new capital, advisory, and placement business for financial institutions and corporates, HowdenCAP. OConnor joins as CEO of the new division from KPMG, where she most recently served as Acting CEO. Read More>>
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Latest Industry Insights from Draup Braindesk

Capability Enhancements
  • Sandvik AB focuses on manufacturing, mining, battery vehicle, and sustainability operations. 
  • The company focuses on developing manufacturing and mining equipment to increase product productivity by increasing customer demand.  
  • By leveraging its auto-swap technology, Sandvik AB’s e-vehicle ensures increasing voltage, extended battery life or equipment capability, and reliability.
Outsourcing Opportunities
  • Sandvik AB has ~25 outsourcing partners. IBM is the major strategic partner for Sandvik AB. 
  • Product Engineering Services is the major outsourced segment for Sandvik AB.
Key Focus and Recommendation Areas
  • Sandvik AB focuses on Advanced Manufacturing & Services, Mining Technology Developments, and Sustainable Operations to drive growth with enhanced advisor tools and efficient operations. 
  • Key Recommendations are: 
    • Manufacturing Solutions. 
    • Digital Mining Operations. 
    • Battery Electric Vehicle. 

Key Funding Alert

Northvolt Raises USD 1.1 Bn for more battery factories
About: Northvolt has secured the funding to have a more extensive growth path with Europe’s battery cell and cathode material production expansion. It aims to establish in-house competencies and presence throughout the battery value chain, including production and recycling. Read more>>

Startup Spotlight

Company – CleanFiber
Total Funding  USD 48.55 Mn
About: CleanFiber makes high-performance, carbon-negative building insulation from recycled corrugated cardboard. The company is fully commercial and rapidly scaling up production from its first facility in Buffalo, NY. Read more>>

Latest Reports Published in Draup

Honeywell International Account Intelligence Report 
Honeywell aims to expand margins by optimizing the company’s performance through the Integrated Supply Chain and Honeywell Digital transformation initiatives, commercial excellence, repositioning, and other manufacturing and operational process improvements. Read More>>
Stanley Black & Decker, Inc Account Intelligence Report 
Stanley Black & Decker focuses on digital manufacturing solutions by leveraging Tulip’s Frontline Operations Platform to find additional growth opportunities and utilize a cloud-native platform without code capabilities to enable the manufacturing workforce in the future. Read More>>
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