EIU: Industry Outlook 2024 - Automotive

EIU notes that the shift to electric vehicles will gather pace, but China’s dominance of the sector will add to geopolitical tensions. Given challenging conditions for new-vehicle demand and supply in 2024, EIU expects global automotive sales to remain in low gear next year.

GSM launches electric taxi to promote green mobility in Southeast Asia

Vietnam’s Green and Smart Mobility JSC. (GSM) has launched its pure electric taxi service in Vientiane, Laos, under the brand name “Xanh SM”.

Manufacturing solutions for the entire processing chain

An effective way to combat the emissions is therefore to use hard-coated brake discs which can reduce abrasion by up to 90 percent.

Philippines as emerging market for green packaging and recycling technologies

The 2023 ASEAN Plastics Packaging and Recycling Technologies Summit, held from October 26-27 in Manila, served as a gathering of international and Philippine-based industry experts to discuss trends and developments in plastic packaging production as well as recycling.

Sephora launches beauty event in China

SEPHORiA, Sephora's beauty event, was held for the first time in China, from 17-19 November 2023 at the Expo I-pavilion in Huangpu District, Shanghai, with over 3,000 consumers in attendance.

Steel mill reaps rewards from adopting NSK bearings

When a steel mill was experiencing regular failures of the bearings on its pilger mill, the plant turned to the expertise and experience of NSK for a robust and economic solution.

Siemens works with Arm, AWS to unlock next-gen automotive innovation

Siemens Digital Industries Software, together with Arm and AWS, delivers breakthrough PAVE360 digital twin solution on AWS’s cloud services to help accelerate next-generation software defined vehicle (SDV) innovation with virtual car in the cloud.

Kerry’s Biobake™ Fresh Rich delivers freshness over shelf life in sweet baked goods

An innovative enzyme solution for sweet baked goods, Biobake™ Fresh Rich delivers longer-lasting softness, freshness, and moistness perception over shelf life, while supporting food waste reduction, says manufacturer, Kerry.

TNA opens second confectionery manufacturing facility in Sydney

Alongside TNA's Sydney site, the new facility in Wetherill Park, NSW will help the processing and packaging company cater to increasing demand for its moguls and confectionery systems.

Sandvik strengthens position in EV with acquisition of software supplier esco GmbH

Sandvik has signed an agreement to acquire esco GmbH engineering solutions consulting, a German-based supplier of software for power skiving, an important technology within gear machining.

Compostable bioplastic coffee capsules as sustainable option

New study from Wageningen University & Research (WUR) confirms compostable bioplastic coffee capsules as one of the most sustainable options

Azelis and Beneo announce partnership in India and Bangladesh

Azelis enters into a distribution agreement with BENEO in India and Bangladesh to expand its nutritional, clean and responsible portfolio for Food and Nutrition