News

ELGi Showcases Innovation in Compressed Air Solutions on Technology Day 2023

Elgi Equipments Ltd, one of the world’s leading air compressor manufacturers, marked another milestone in advancing technology and innovation at the 6th edition of Technology Day 2023 in Coimbatore.

Mitsubishi Electric Invests US$ 26.4M in New Plant for Advanced Factory Automation

Mitsubishi Electric Corporation opened its manufacturing facility for advanced factory automation (FA) systems in the Talegaon Industrial area, Maharashtra, India, in December 2023.

Materialise Presents 3D Printing Trends for 2024

Materialise NV, a key player in the additive manufacturing industry, unveiled in a recent announcement the anticipated 3D printing trends for the upcoming year, 2024.

Indian Companies Opt for AI & ML, Eyeing 85 Percent Growth

A recent report has revealed that over 63 percent of Indian enterprises will invest on Artificial Intelligence (AI) and Machine Learning (ML) to automate business in 2024, representing an increase of 85 percent in AI investments as compared to the year 2023.

Beckhoff Vision Awarded Two Product Design Prizes

The Vision hardware portfolio receives the Red Dot Award and the iF Design Award Gold.

CHARTING A GROWTH MAP

At the 77th Annual General Meeting (AGM) of Indian Machine Tool Manufacturers’ Association (IMTMA), President Ravi Raghavan set an optimistic tone for the year ahead by highlighting factors favoring India as we aspire to be a US$5 trillion economy and disclosing the positive order book position for machine tools.

Siemens Soars in Q4 FY: 25 Percent Revenue Surge, 36 Percent PAT Increase

Siemens Ltd, a premier technology company, registered a revenue of INR 5,297 crore, a 25 percent increase over the same quarter in the previous year, for the fourth quarter of Financial Year 2023 ended September 30, 2023.

ABB Launches SmartMaster, Transforming Instrumentation Condition Monitoring

ABB Ltd, a technology leader in electrification and automation, has launched ABB Ability™ SmartMaster, a comprehensive asset performance management platform for verification and condition monitoring of instrumentation and field devices in the water, wastewater, chemical, oil & gas, and other industries in India.

Walter AG and HELLER Forge Powerful Alliance for Advanced Machining Solutions

Walter AG, one of the world’s leading metalworking companies, and Gebr Heller Maschinenfabrik GmbH, a machine tool manufacturer, recently entered into a technology and development partnership.

Universal Robots Expands Cobot Lineup with UR30 for Efficient Material Handling

Universal Robots, the Danish manufacturer of collaborative robots (cobots), has announced that it will expand its leading product portfolio with a new 30 kg payload cobot.

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