India is struggling to increase its GDP by a few decimal points, but it can be shocking to know that 3% of the GDP eroded in corrosion every year, said Dr Baldev Raj, President – Research, PSG Institutions. The quantum of loss on account of corrosion is equal to the revenue contributed by the Indian Railways to the exchequer. Delivering[Read More…]
DENSO Corp on 1 July announced that DENSO Mexico S.A. DE C.V. (DNMX) will expand its plant in Apodaca, Nuevo Leon, Mexico, to increase production of transmission components in the North American region. The expansion represents an investment of US$53.8 million, (about 5.38 billion yen) which will add 8,200 square meters of space and 500 jobs by 2018. The plant[Read More…]
BASF, Huntsman, Shanghai Hua Yi (Group) Company, Shanghai Chlor-Alkali Chemical Co. Ltd. and SINOPEC Group Assets Management Corporation held a ceremony on 1 July, to kick off the construction of a new plant with a production capacity of 240,000 metric tons of crude MDI (diphenylmethane diisocyanate) per year, at Shanghai Lianheng Isocyanate Co. Ltd. (SLIC) in Caojing, China. With the[Read More…]
DENSO Corporation and DENSO International Asia Co. Ltd. (DIAT), a DENSO group company in Thailand, has signed a Memorandum of Understanding in February 2014, with Thai Intelligent Transport System (ITS). This collaboration launched in March 2014 and will continue until March 2015. Its goal is to ease traffic congestion through the use of Vehicle-to-Vehicle and Vehicle-to-Infrastructure (V2X) communications. In large[Read More…]
HARMAN, the premium global audio and infotainment group announced that it has opened a new office in Turin, Italy, on July 2, 2014 that would also serve as a regional sales office. Turin is of particular strategic importance to the company due to HARMAN’s close relationship with Fiat Chrysler Automobiles (FCA) and its leading brands Jeep, Maserati, Ferrari and Fiat.[Read More…]
Maserati has now approved Continental summer tires to be fitted at the factory for the Ghibli as well. Continental will now manufacture the ContiSportContact 5 in eight sizes between 18 and 21 inches for the Maserati Ghibli. To distinguish it from other versions of the premium sports tire, the original equipment models for the Italian sports sedan will feature the additional[Read More…]
According to OPEC, world demand for oil will rise daily to 108.5 million barrels (one barrel = 159 litres) by 2035. At present, global oil consumption amounts to 90 million barrels a day. In line with this trend, the number of exhibitors from the oil and lubrication sector has risen significantly and round 100 companies have registered to present their[Read More…]
The polyurethane systems house Bayer Pearl has broken ground for construction of its new headquarters in the Dubai Investments Park, which will be the site of the regional offices and state-of-the-art production facilities. The site will feature research, development, and application laboratories as well as a demonstration center for the use of high-quality materials. The construction contract has been awarded[Read More…]
SasMos celebrated the establishment of its new and exclusive state-of-the-art ‘Centre of Excellence’ for ISRO’s space grade harnesses. Dr S K Shiva Kumar, Director, ISRO Satellite Centre, Bangalore inaugurated the facility. H G Chandrashekar, Managing Director, SasMos HET Technologies, handed over the first set of harnesses made in this new facility for ISRO’s Indian Regional Navigation Satellite System (IRNSS -1E),[Read More…]
CMI Vertical (Construction Equipment, Mining & Infrastructure) of RSB Transmissions (I) Ltd at Dharwad, has been conferred with prestigious Outstanding Performance Award for 2013-14 from Caterpillar India, a leading global OEM in Construction Equipment. The award, on behalf of RSB, was received by M Sankaranarayanan, President and Md Jawed, Vice President(Business Dev – CMI). At a function held in Chennai[Read More…]
