Tata Steel expands metal, steel production

Publish on 2/12/2009 05:02:09 PM

Tata Steel has increased its hot metal & crude steel production. The hot metal production at 1.70 million tones and crude steel production at 1.50 million tones was higher by 23% and 17% respectively as compared to volumes in the same quarter last year.
Indian machine tool sector to show flat growth this year

Publish on 2/12/2009 05:02:32 PM

The Indian machine tool industry is expecting a flat growth in its business this year due to the impact of the global economic slowdown. The industry reached a total business of Rs7600 crore (US$155, 612 at US$1:Rs 49.42) during 2007 to 2008 and is now anticipated to reach only a marginal increase this year owing the reduction in orders, deferment of deliveries and machinery imports making serious inroads.
Delcam India announces new product launches

Publish on 2/12/2009 05:02:01 PM

Delcam India launches new versions of its machining software. The complete range of Delcam machining software comprises PowerMILL for high-speed and five-axis machining, FeatureCAM for feature-based programming, PartMaker for Swiss-type lathes and turn-mill equipment, and ArtCAM for engraving and routing. According to the company, these programs comprise the world's most comprehensive range of CAM software from a single suppler.
Mikron selects Omira as India representative

Publish on 2/12/2009 05:02:23 PM

Assembly technology specialist, Mikron has appointed Mumbai-based Omira Marketing Pvt. Ltd to promote and support its high-performance assembly equipment throughout India. The move is part of Mikron's strategy to bring its cutting edge assembly technology to India's booming manufacturing industries. Omira Marketing was formed in 1993 and has extensive experience working with production equipment manufacturers from Europe, United States, and the Far East.
Flow International completes minority investment in Dardi

Publish on 2/12/2009 05:02:21 PM

Flow International Corp., a developer and manufacturer of industrial waterjet machines for cutting and cleaning applications, has completed its $2 million purchase of a minority ownership position in Dardi International Corp., a waterjet manufacturer in China. Flow announced its intent to purchase the minority position in November 2008, having previously introduced Dardi as the new supplier of its economy segment product line.
Evonik to produce metal catalysts in China

Publish on 2/12/2009 05:02:23 PM

Evonik Industries AG has commenced building a catalyst manufacturing plant, producing precious metal powder catalysts, in Shanghai, China. The plant will start operating in the fourth quarter of 2009.
Hardinge cuts cost in response to global economic conditions

Publish on 2/12/2009 05:02:51 PM

Hardinge Inc., a provider of advanced material-cutting solutions, has reduced production hours at its Taiwan and China manufacturing facilities, in response to the current lower order volumes. In addition, the company has made cuts in its discretionary spending in order to reduce future SG&A expenses.
China steel production faces weak customer demand

Publish on 2/12/2009 05:02:48 PM

According to Fitch Ratings' 2009 global steel outlook report, China cut steel production in the face of weak domestic and export demand may need to shutter upwards by 20% capacity (high-cost) longer-term. But Fitch expects China to lead demand recovery since excess production would pressure weak markets in Europe and North America.

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