News

Nath Bestowed with Highest Honor

Kolkata, India � Germany has conferred the 'Cross of the Order of Merit' to Rajesh Nath, Managing Director, VDMA India. Instituted in 1951 the award is also known as Bundesverdienstkreuz.

High GST impacting Electrical Sector

New Delhi, India � Indian Electrical and Electronics Manufacturers' Association (IEEMA) has made a representation to the Government of India and the GST Council regarding high GST rates on electrical wires and cables.

IMTMA's 71st AGM

Bangalore, India � The 71st Annual General Meeting of IMTMA held recently at Banagalore International Exhibition Centre, witnessed President PG Jadeja appraise the performance of the Indian Machine Tool industry in the last one year while drawing attention to the Association's efforts instrumental in its progress.

Snow-jet Technology : For Ideal Coating Results

Due to higher quality standards, increasingly complex component designs, as well as modified coating materials and layer structures, cleaning plastic automotive parts in flatbed coating lines is becoming a major issue. OEMs too are increasingly demanding automated cleaning processes. Suitable for Industrie 4.0 applications, the quattroClean snow-jet technology meets these demands with ease.

Chip Compacting : Making the Best out of Waste

The country's manufacturing sector is constantly on the lookout for ways to minimise waste streams and maximise its cost savings. Chip compacting could be a major step towards industrial waste management for reducing national loss and contributing to sustainability.

FAG Bearings India changes to Schaeffler India

Mumbai, India � FAG Bearings India Ltd, a leading manufacturer of industrial and automotive bearings, has changed its corporate name to Schaeffler India Ltd recently. The process of changing the company's name was completed after the required regulatory and subsequent shareholder approvals were obtained.

Zavenir and Kluthe Group into JV

Gurugram, India � Zavenir and Kluthe Group have announced a major strategic 50:50 joint venture, named Zavenir Kluthe. The aim of this tie-up is to cater to the needs of Automotive, Automotive Ancillaries, Heavy Engineering, and Plastic Industry.

US Cutting Tool Consumption Up

Cleveland, US � The US cutting tool consumption recently totaled to $191.93 million according to the US Cutting Tool Institute (USCTI) and the Association for Manufacturing Technology (AMT).

Manufacturing Sees Dip in Negative Growth

New Delhi, India � The manu-facturing sector outlook shows improvement in the first quarter of the fiscal (April - June 2017-18) due to a rise in the percentage of respondents reporting higher production as compared to previous quarter, according to FICCI's latest Quarterly Survey.

Growth in Spanish Machine Tool Sector

San Sebastian, Spain � The year 2016 witnessed an interesting growth in machine orders, with an increase of more than 22 percent. Exports grew by 6.6 percent, reaching � 1.18 billion.