An interesting approach towards the external turning of steel parts in high volume offers opportunities for manufacturers in the automotive industry. By Håkan Ericksson, Global Product Specialist at Sandvik Coromant
Michigan, USA: Ford Motor, facing pressure to improve profitability, announced it would cut nearly 10 percent of jobs in its North America and Asia Pacific divisions. The company’s chief executive officer, Mark Fields, will also be stepping down amidst plummeting stock prices.
Singapore: Bosch reported its 2016 fiscal year with revenue of SG$1.17 billion (US$884 million) in Southeast Asia, similar to the results from the previous year.
Not content with being the world’s 13th largest automotive producer, Thailand’s development of Special Economic Zones set in motion its ambitions to transform into a knowledge-based economy. By Jonathan Chou
The need for greater control in manufacturing processes drives Renishaw’s growth into new forays. Steve Bell, General Manager, Renishaw, ASEAN, spoke to APMEN and shared the company’s direction for the region.
Worldwide: Manufacturers expect that their investments in smart factories will drive a 27 percent increase in manufacturing efficiency over the next five years, adding US$500 billion in annual added value to the global economy, according to a research report by Capgemini’s Digital Transformation Institute.
Moscow, Russia: German automaker Daimler announced plans to open a plant near Moscow for passenger car production in Russia. Located at Esipovo Industrial Park, about 40 kilometres northwest of Moscow, the company will invest more than 250 million euros (US$279.8 million) in the new production facility, where the first cars will leave the assembly line in 2019.
The In-Sight Laser Profiler by Cognex is a measurement system that verifies part dimensions. Applications include the automotive and electronics industry.
Gillingham, England: Delphi Automotive has announced it will execute a tax-free spin-off of its Powertrain Systems segment into a new, independent publicly traded company.
Manufacturing in the United States (US) would be the ninth-largest economy in the world, when taken alone. The manufacturing industry was valued at US$2.1 trillion in 2014, according to the Bureau of Economic Analysis, International Monetary Fund. By Jonathan Chou