TRUMPF buys Chinese Mechanical Engineering Company

TRUMPF has acquired a majority stake of about 72% in the Chinese machine tool producer Jiangsu Jinfangyuan CNC Machine Co. Ltd. (JFY).

Steel industry outlook

According to Zacks Equity Research, world steel demand is expected to increase 3.3% to 1,523 Mt driven by a further pickup in global steel demand with the developed economies increasingly contributing to growth.

Indonesia’s steel import value up 43.5% in Sept from Aug

According to the data announced by Statistics Indonesia (BPS), in September this year the value of Indonesia's steel imports increased by 43.5 percent compared to the previous month, accounting to US$730 million, while the country's import value for articles of iron and steel rose 4.6 percent month on month to US$357.5 million.

Latest steel plant projects in South East Asia

The South East Asia Iron and Steel Institute (SEAISI) said that the ASEAN (Association of South East Asian Nations) region is a significant net importer of steel products, pointing out that the region is not self-sufficient in supply, particularly for semi-finished and flat steel products.

ADB helps Asia become more productive

The Asian Development Bank (ADB) has urged governments in Asia to undertake national as well as regional actions to reap the full benefits of integration initiatives like the ASEAN Economic Community (AEC) and be in a strong position to face global economic volatility going forward, says a new report from the Asian Development Bank (ADB).

Sumitomo acquires 2nd phase of aluminium smelters in Malaysia

Sumitomo Corp. (SC) has entered into a share purchase agreement with Press Metal Berhad (PMB) for acquisition of a 20% share in the second phase of the aluminium smelting project in Sarawak, Malaysia. Capacity is 320,000 metric tonnes per year, and is anticipated to be completed by the end of 2013.

Yamazaki Mazak expands Singapore plant, launches new product

Yamazaki Mazak Corp.'s Singapore factory has factory has been going through its 5th expansion since it's opening in 1992. The expansion will be completed by the end of this year and will also include a new Technology Centre. This new facility is expected to be fully operational next year.

New Schaeffler testing facilities for competence center acoustics

Schaeffler has expanded its Competence Center Acoustics within the Technical Development Center in Herzogenaurach by adding an acoustic testing facility.

New market predictions from IBISWorld

IBISWorld expects revenue for the cosmetics and beauty products manufacturing industry to grow 1.8% in 2013 to $48.5 billion, bringing the average annual revenue decline to just 2.4% throughout the five years to 2013.

EU nations approve pact with China on solar-panel imports

Asia tops the packaging charts

Asia Pacific conference on markets and technology of flexible packaging for retail and industrial applications addresses key developments in the region

Results of the TARGIT-A clinical trial published in ‘The Lancet’

New breast cancer study results support targeted intraoperative radiotherapy (TARGIT) with the Zeiss Intrabeam as non-inferior to traditional post-surgical radiotherapy treatment