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
Samsung Electronics workers begun a three-day strike for better pay, with their union pointing to further action should South Korea’s biggest conglomerate continue to fall short of its demands. The National Samsung Electronics Union (NSEU), whose roughly 30,000 members make up almost a quarter of the firm’s South Korean workforce, also wants an extra day of annual
India’s steel and trade ministries are in talks over rising imports, particularly cheap Chinese goods, sources told international media, amid persistent calls for higher tariffs from top producers. India turned net steel importer in the fiscal year that ended in March and the trend continues with its finished steel imports scaling a five-year high in
USA senators attacked the CEO of Boeing for the planemaker’s tarnished safety record, overshadowing his apology to families who lost loved ones in two 737 MAX crashes and acceptance of responsibility after a January mid-air emergency. Chief Executive Dave Calhoun retained his composure under repeated questioning about how much he is paid, Boeing’s safety culture,
The Qatar Industrial Manufacturing Company (QIMC) and the country’s Mesaieed Petrochemical Holding Company (MPHC) have entered a joint venture to set up a $290 million salt factory. The factory, which will have a capacity to produce 1 million tonnes of industrial salt and table salt annually, will cater to the local market while exporting surplus
Chinese planemaker COMAC is eyeing Saudi Arabia as a launch pad for its international ambitions, as the state-owned company steps up efforts to sell overseas and break into a passenger jet market dominated by Western manufacturers. Chairman Dongfeng He visited Saudi Arabia for the first time recently, having welcomed a Saudi delegation to the company’s
