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ZF Group expands manufacturing facility to meet evolving transmission equipment for automotive

Key Insights and Signals in Industrial

Partnerships
Monster Jam announces new partnership with JCB
A multi-year agreement between Monster Jam and JCB has been announced, with JCB becoming the Official Heavy Equipment Partner. The partnership unveils the JCB DIGatron, a new Monster Jam truck that embodies dedication, creativity, and family values. Read More>>
Fortna unveils strategic partnership with Geek+
Together with Geek+, Fortna is integrating robotics into supply chain systems with the goal of improving timeliness and efficiency for retailers in the USA and EMEA. The goal of the partnership is to advance supply chain automation. Read More>>
Hilti and Track Unit expand partnership
By combining van inventory and heavy equipment management systems with the Trackunit platform, Hilti deepens their collaboration with the company. By improving tool visibility, the partnership streamlines contractors’ and rental businesses’ operational experiences in the construction sector. Read More>>


Deal
Framo secures contract for Orsted’s offshore wind project in Taiwan
Suction bucket pumping equipment from Framo will be delivered in early 2025 to Ørsted’s Greater Changhua Offshore Wind Project in Taiwan. The Norwegian-made systems will provide a solid base for Ørsted’s 920 MW of wind projects. Read More>>


Centre Setup and Expansion
Kemppi Australia opens new Welding Innovation and Training Hub
Kemppi Australia opened the Welding Innovation and Training Hub in Sydney, where welders may receive practical instruction on Kemppi machinery. The center increases industry production and solves the scarcity of welders. Read More>>
ZF Group announces US$ 500 Mn investment to expand Upstate facility
400 new jobs will be created by ZF Group’s US$ 500 Mn expansion of its Gray Court manufacturing facility. The expansion will help ZF’s e-mobility revolution in North America and worldwide by concentrating on developing next-generation propulsion systems for passenger cars and commercial vehicles. Read More>>


Executive Movements
Schneider Electric appoints Heather Cykoski as Senior Vice President
Heather Cykoski has been appointed Senior Vice President, Industrial Automation in Canada by Schneider Electric. Using her 25 years of experience, she hopes to use cutting-edge solutions for sustainability and resilience to drive digitization initiatives and accelerate growth. Read More>>
Lincoln Electric appoints J. Ashley Hall as Senior Vice President, Global Procurement
J. Ashley Hall has been appointed Senior Vice President, Global Procurement by Lincoln Electric. having worked in roles related to the global supply chain for 25 years. He has experience in effective supplier management, operational excellence, and procurement efficiency. Read More>>
Kubota names Nobuyuki Ishii as CEO
Nobuyuki Ishii, a 40-year Kubota veteran who has held several positions including President of Kubota Europe and Vice President of Kubota Engine of America, has been appointed as CEO and Senior Managing Executive Officer by Kubota North America. Read More>>


New Product Development and Product Launch
Milwaukee Tool launches new M18 string trimmer
The M18 FUEL 17-inch Dual Battery String Trimmer, from Milwaukee Tool, boasts a full throttle time of less than a second. It uses a Powerstate Brushless Motor for up to 2.5 Nm torque and 2.4 HP, and it can deliver peak torque that is greater than that of leading gas and battery trimmers. Read More>>

Latest Industry Insights from Draup Braindesk

Digital Industrial Solutions
  • ThyssenKrupp leverages digital industrial solutions to streamline operations and enhance productivity through data analytics, IoT, and automation, and innovative solutions to improve efficiency and effectiveness. 
  • ThyssenKrupp incorporates advanced technologies to implement digital supply enhancements, which in turn optimize supply chain operations, boost productivity, and streamline processes across a variety of industrial sectors.
Digital Process Optimization
  • ThyssenKrupp prioritizes business process transformation and digital solutions, enhancing efficiency and innovation across various industries that offer a wide range of services to streamline processes and adapt to evolving business needs. 
  • Business process transformation at Thyssenkrupp integrates digital solutions, including RPA, AI, and ML to optimize operations and enhance efficiency approaches drive digital transformation and adaptability across their diverse industries. 
  • Service Providers with rich expertise in these areas would be apt to serve ThyssenKrupp with better solutions.

Key Funding Alert

Alstom invests EUR 50 Mn (US$ 54.1 Mn) to develop a maintenance depot in Bucharest
Alstom will establish a modern maintenance depot in Bucharest for the new Coradia Stream electric passenger trains. The purchase includes 30,000 square meters of land and existing buildings with direct railway access. Read More>>

Latest Reports Published in Draup

Schneider Electric Account Intelligence Report
Schneider Electric is proactively engaged in a range of initiatives, including the introduction of eco-friendly UPS solutions and the launch of sustainability software ecosystems, with a central emphasis on enhancing and promoting sustainability. Read More>>

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