3M announces restructuring – 2’900 positions impacted globally
The company says that it aims to advance its operating model, improve its cost structure and accelerate innovation. To do this the company will initiate restructuring actions that will impact all business groups, functions and geographies.
Swedish supply chain analytics company completes financing round Supply chain data analytics software provider Lexi Solution AB has completed a SEK 3.3 million (EUR 320’000) financing round. The round was heavily oversubscribed, with strong participation from existing Lexi shareholders as well as several new investors.
MAHLE opens new test bench for electric drives The German company says it has commissioned a test bench for electric drives in Stuttgart. This equipment will be used to develop and test e-axles and e-drive units for a wide range of electric and hybrid vehicles.
New jobs created as auto supplier opens North American HQ in Georgia Turkish developer and manufacturer of fluid systems for heating & cooling, TEKLAS, is planing to invest USD 6.5 million to open its first North American facility and headquarters in Calhoun, Georgia, delivering 120 jobs to city.
FREYR signs initial agreement with MAERSK The Norwegian battery company has signed a Memorandum of Understanding (MoU) with MAERSK Norge AS regarding the optimisation of FREYR’s global logistics and supply chain.
BASF breaks ground on new cathode active materials production plant The construction of the new plant in Schwarzheide, Germany has officially started, and the company expect to kickstart production in 2022.
Electro Rent team up with NI in global rental collaboration Electro Rent and NI have entered into new partnership to rent NI automated test and measurement solutions to customers through Electro Rent’s network, starting in North America with a global expansion to follow in 2021.
Panasonic and two partners to explore potential for European battery business Panasonic is teaming up with energy company Equinor and industrial group Hydro forming a strategic partnership to explore possibilities for establishing a sustainable and cost-competitive European battery business.
New European sales manager at Electrolube The manufacturer of specialist chemicals has appointed Carolyn McAllister as European Sales Manager
Finnish telecom company takes majority stake in CalcuQuote Finnish telecommunications company, Elisa Oyj, has made a strategic investment to hold a majority stake in US-based supply chain software provider CalcuQuote.
PowerCell receives order from Bosch Swedish company Powercell has received an order for PowerCell S3 fuel cell stacks from Bosch at a total value of approximately SEK 9.7 million (EUR 901,000).
SK Innovation to invest more in its Polish production SK IE Technology, a material business subsidiary of SK Innovation, says it will make additional investments in its separator plant – currently under construction – in Poland, to accelerate its efforts to tap into the global market.
Doosan to more than double production of copper thin foil in Hungary The company broke ground on its first facility in the country just last year and has now decided to build a second European plant – also in Hungary.
Valmet Automotive to urgently recruit 400 workers Valmet Automotive says it needs to urgently recruit 400 car builders for its Uusikaupunki car plant in Finland, as car sales are growing rapidly.
Axon’ Cable speeds up with a larger factory Following on the heels of a brand new factory inaugurated in Bangalore, India in 2019, Axon’ Cable SAS, the headquarters of the Axon’ Group in Montmirail, France, has just overseen the construction of a 4’000 square metre new facility.
Huawei opens new R&D centre in Hungary The Chinese telecom company opened the R&D Center in Budapest as it’s celebrating its 15th anniversary in Hungary.
Henkel invests in advanced materials start-up actnano Henkel Adhesive Technologies further enhances its market offerings for functional coatings by investing in actnano, Boston, Massachusetts, USA.
Leviton acquires Berk-Tek, LLC Leviton has completed its acquisition of Berk-Tek, a U.S. manufacturer of fiber-optic and copper network cabling. The acquisition solidifies Leviton as a single-source manufacturer of end-to-end systems — including connectivity and cable.
ABB robots accelerate COVID-19 testing in Singapore As part of Singapore’s efforts to enhance its nation-wide COVID-19 testing capabilities, ABB’s high-precision robots have been deployed in a new automated laboratory system, known as the Rapid Automated Volume Enhancer (RAVE).
New record of 2.7M work In factories - world robotics by IFR reports The new World Robotics 2020 Industrial Robots report presented by the International Federation of Robotics (IFR) shows a record of 2.7 million industrial robots operating in factories around the world – an increase of 12%.
HMS Networks acquires a majority of Procentec B.V. HMS Industrial Networks, a wholly owned subsidiary of HMS Networks AB, has acquired 70% of all shares in the Dutch company Procentec B.V., a provider of solutions and services for diagnostics and monitoring of industrial networks.
thyssenkrupp responds to weaker market – realigns automotive system engineering The German group says it needs to further restructure itself due to continuing market weakness. In light of this, thyssenkrupp intends to split its System Engineering business into two independent companies, one for body and one for powertrain.
Bostik opens new industrial adhesives plant in Japan Materials science company Arkema is setting up a new industrial adhesives plant in Japan. These new capacities will enable Bostik – the adhesive solutions segment of Arkema – to serve its Japanese customers in, among other markets, electronics.
Jenoptik receives a major order from the automotive industry The order comprises three complete production cells for cutting and welding body components for electric cars.
MAHLE accelerates restructuring – thousands of jobs lost The current crisis related to the spread of the coronavirus intensifies urgency to act as the company does not expect the vehicle markets to return to pre-crisis levels for several years.
LG Chem says it will split its battery business. This will be a physical division in which LG Chem will possess all of the stocks issued by the new battery corporation and the company will possess 100% of the non-listed shares of the new corporation.Load more news