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OMRON to acquire Sentech
OMRON Corporation has entered into an agreement with Sentech Co, a manufacturer of industrial cameras, to acquire ST and make ST and its subsidiaries members of the OMRON Group. This acquisition is part of OMRON's drive to reinforce its development capabilities for factory automation technologies in its industrial automation business. This acquisition will be completed on July 3, 2017 and the name of the new company is intended to be Omron Sentech Co., Ltd.
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WACKER opens new Technical Center in Indonesia
Wacker Chemie AG has expanded its presence in Southeast Asia by opening a new technical center for construction and adhesives applications in Indonesia?s capital Jakarta. The technical facility serves as a development and testing laboratory for dispersible polymer powders and dispersions, which are used as binders for the regional building, paint, coatings and adhesives industries.
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BS-III ban will not apply on farm, construction equipment: Supreme Court
The Supreme Court has clarified that farm equipment and construction equipment vehicles (CEVs) will not come under the BS-III ban and the manufacturers of these equipment can continue to sell BS-III range of farm and construction equipment.
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Manitou completes acquisition of Terex Equipment in India
Manitou group, world-leader in all-terrain material-handling, finalised the acquisition of Terex Equipment Private Limited (TEPL) in India.
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XCMG posts soaring first quarter performance
Construction machinery manufacturer XCMG reported a 70 per cent jump in quarterly machinery sales in the first quarter of 2017 after selling more than 4,000 excavators worldwide, marking a 150 per cent year-on-year increase.
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SKF shows improved performance
SKF?s first quarter result has seen continued growth, an improved operating margin and continued debt reduction. The increase in demand strengthened gradually during the quarter. Net sales, at 19.6 billion, increased by 11 per cent compared to the first quarter last year, with the strongest development in North America and Asia.
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Elematic launches affordable SEMI Floor production line
Finland?s leading pre-cast supplier, Elematic is launching SEMI Floor pre-cast production line, optimal for the vast amount of Indian building projects, for its adaptable technology, advanced machinery and low set up costs.
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Industry experts to gather at MiningForum
DMT, a group of engineering and consulting firms, is organising the 14th edition of its MiningForum on June 1 and 2, 2017 at the Estrel Berlin, Germany.
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Sonalika ITL posts 22% growth
One of the leading tractor brand in India, Sonalika International Tractors Ltd, entered the new financial year 2017-18 with a sharp growth of more than 22 per cent in April over last year. The company has recorded a remarkable 7,381-unit sales over the last year, in both domestic and international markets in April.
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Slow growth for Italian CE market
Over the first three months of 2017, construction equipment sales in the Italian market rose 6 per cent compared to the first quarter of 2016, with 2,094 units sold. The figures consist of 2,005 earthmoving machines and 89 road equipment.
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