Multiple Chinese manufacturing hubs have released their GDP growth figures for the first three quarters, with some showing gains of more than 5%. Analysts attributed the positive readings to the localities’ impressive performance in manufacturing, in particular in high-tech, which they said mirrored China’s ongoing industrial upgrading as well as the country’s overwhelming edge in
Japan’s manufacturing sector witnessed a marginal deterioration in business conditions for the third consecutive month in September, reflecting a decline in production levels and new orders. Employment levels rose at the softest rate in seven months while average operating expenses remained historically high, yet firms only partially passed these higher costs on to clients. Notably,
The Middle East and Africa (MEA) paper and pulp industry is on a growth surge, poised to cross over $20 billion in the next six to seven years, with GCC countries led by Saudi Arabia and the UAE at the forefront of a demand upswing. The demand is for paper packaging products, industry experts have
Ratan Tata, the chairman emeritus of Tata Sons and a towering figure in Indian industry, has passed away at the age of 86. Just days before his death, he addressed speculation about his health, clarifying that he was undergoing routine medical check-ups due to his age. N Chandrasekaran, current chairman of Tata Sons, confirmed the
Phantasma Labs, a startup on a mission to disrupt manufacturing efficiency, has received a fresh seven-figure investment from international funds RunwayFBU and Momenta. Factories across the globe are losing between 3-20% of their revenues due to inefficient planning of their production processes. As manufacturing companies focus on becoming more efficient and competitive, the demand for
In a significant shift, multinational corporations (MNCs) are increasingly looking to China as a primary engine for growth, driven by the nation’s commitment to green transformation and advancements in high-end manufacturing. Recent announcements from significant companies highlight this trend: Covestro AG, a German chemicals manufacturer, is establishing a new plant in Zhuhai, Guangdong province; Schneider
Calyxia, an industrial B2B Cleantech innovator, certified B Corp, specialising in advanced and biodegradable microcapsules and microparticles for use in Consumer Goods, Crop Protection and Advanced Materials, announced that it has raised €31.5 million in a Series B funding round. The round was led by Lombard Odier Investment Managers, through its Plastic Circularity Fund and
New Relic, a leading intelligent observability platform, has released its ‘State of Observability for Industrials, Materials, and Manufacturing’ report, shedding light on the growing influence of AI and IoT in the manufacturing sector. The report, based on insights from 285 technology professionals and aligned with the ‘2023 Observability Forecast’, illustrates how observability is becoming a
With a flair for sales and marketing,ace saleswoman Vandana Chopra has carved a niche for herself in the industry with her immense dedication, perseverance and people skills. Currently the Head of Business Development for India and South East Asia for the UK-based partition manufacturing company APTON, Chopra’s role involves travelling across various regions, networking with
Japan’s biggest steelmaker, Nippon Steel Corp. has hired former USA Secretary of State Mike Pompeo to help with its effort to acquire US Steel, the Japanese company has said. “We look forward to working alongside him to further emphasise the ways in which Nippon Steel’s acquisition of US Steel bolsters the country’s economic and national
