LS Electric taps Microsoft to create an AI/ML-driven smart factory

Key Insights and Signals in Industrial

Centre Setup and Expansion
Schneider Electric launches construction of a new factory in India
The new facility will grow its vacuum interrupter production capacity and strengthen the vertical power systems. The factory, located at Prospace Industrial Park, will span 9 acres and involve an investment of INR 140 Cr (US$ 17.1 Mn). Read More>>
LG Electronics opens Business Innovation Center in Mumbai TechVorm
The new facility will offer customers & partners an immersive experience and a one-stop solution for all their business needs. The BIC is equipped with cutting-edge technology-based products to showcase LGs latest innovations across various verticals. Read More>>
Mitsubishi Electric India inaugurates new CNC tech park in Bengaluru
The new facility aims to establish itself as a prime solution provider in the machine tool industry. The facility is spread over 92,000 square feet, and the company intends to gear up the Indian machine tool market. Read More>>

Deal
ZF and STMicroelectronics ink multi-year supply agreement for SiC Devices
Under the multi-year contract terms, ST will supply a volume of double-digit millions of SiC devices to be integrated into ZFs new modular inverter architecture going into series production in 2025. Read More>>

Merger and Acquisition
Carrier to buy German firm Viessmann’s unit in US$ 13.17 Billion deal
The acquisition will enhance Carrier’s strategy to capitalize on the rapid energy transition in Europe and give access to several sustainable technologies and services. The deal is also part of an overhaul at the Florida-based company, which has been working with advisors to spin off its fire and security business. Read More>>

Partnerships
HydrogenPro enters electrolyzer partnership with Andritz
The partnership will allow HydrogenPro to expand its offerings and provide customers with a complete solution for green hydrogen production, from the membrane electrode assembly to the balance-of-plant system. Read More>>
LS Electric and Microsoft sign MoU for joint development of smart, autonomous factory solutions
The two companies will work on enhancing data connectivity in smart factories. They will also explore applying Azure Synapse Analytics and Azure Machine Learning services for ultramodern manufacturing environments. Read More>>

Mass Hiring
Alstom is recruiting for 50 skilled jobs in Manchester depot
Alstom is looking to recruit up to 25 team members (Mechanical) to support the mechanical overhaul of rail vehicles and 25 dual-skilled team members to support the mechanical & electrical overhaul of rail vehicles at their Manchester depot. Read More>>

Executive Movements
Fervi appoints Guido Greco as the new chief executive officer
The appointment is part of the broader program to strengthen the group’s management structure. With a more robust organizational model through the appointment of a managing director to support the chairman in pursuing corporate objectives. Read More>>
Stratasys names Gurvinder Kahlon to lead Stratasys Direct Manufacturing
Kahlon will be key in growing Stratasys Direct’s additive manufacturing production business. Before joining Stratasys, Kahlon was Director of Product Management at on-demand digital manufacturing company ProtoLabs for five years. Read More>>

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Latest Industry Insights from Draup Braindesk

Key Funding Alert

US tech firm Corning to invest US$ 1.5 Bn in Korea
Corning’s investments are expected to play a major role in strengthening supply chains and high-tech cooperation between South Korea and the US, as well as in the eco-friendly transformation of energy and the industrial sector. Read more>>

Startup Spotlight

Company – Crowdbotics
Total Funding – USD 56.95 Mn
About: Crowdbotics makes it faster than ever to build complete, scalable apps for business. It identifies the most effective components and workflows for a given project. Crowdbotics then handles infrastructure, implementation, maintenance, operations, monitoring, and security for the project’s life. Read more>>

Latest Reports Published in Draup

ABB Ltd Account Intelligence Report
ABB energizes the transformation of society and industry to achieve a more productive, sustainable future. By connecting software to its electrification, robotics, automation, and motion portfolio, ABB pushes the boundaries to drive performance to new levels. Read More>>

Legrand Europe Account Intelligence Report
Legrand Europe provides mechanical, electrical, electronic, and digital solutions. It offers cables, transformers, wiring, accessories, circuit protection, lighting controllers, and power protectors for education, healthcare, transport, and other sectors. Read More>>

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