In keeping with its vision of expanding its global footprint to as many as 50 countries by 2020, Hero MotoCorp Ltd (HMCL), the world’s largest two-wheeler manufacturer, marked yet another significant milestone in its journey to global expansion –the formation of its wholly-owned subsidiary in Colombia and the commencement of a state-of-the-art manufacturing plant in the country. The foundation-stone was[Read More…]
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…]
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…]
YH Park, President and CEO of Halla Visteon Climate Control Corporation (HVCC) received a Bronze Tower Order of Industrial Service Merit at the annual Global Green Management Excellence Award event in Seoul. The event is jointly hosted by the Korean Ministry of Environment and the Ministry of Trade, Industry and Energy. The award is considered as the best in sustainable and[Read More…]
BorgWarner Turbo Systems received an Automotive Innovations Award 2014 during a ceremony held recently in Frankfurt, Germany. Organised by the Center of Automotive Management (CAM) and PricewaterhouseCoopers, the company was honored in the Powertrain Technology category for a variety of turbocharging technologies, including regulated two-stage (R2S) and three-stage (R3S) systems and variable turbine geometry (VTG) turbochargers. “We are very proud[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…]
Magna International Inc. has announced that its Magna Powertrain operating unit has received Volkswagen’s top supplier award – The 2014 Volkswagen Group Award. The 12th annual awards were presented on June 18, 2014, during a gala held at the Porsche Zentrum in Leipzig, Germany. Magna Powertrain is among a small group of suppliers that were recognized for excelling as a[Read More…]
Chrysler Group LLC and Fiat S.p.A. executives recently met with approximately 3,000 supplier representatives at their 2014 Annual Strategy Meeting and Supplier Awards Ceremony held at the Palace of Auburn Hills. Scott Garberding, Head of Group Purchasing, Fiat S.p.A., and Scott Kunselman, Head of Purchasing and Supplier Quality, Chrysler Group discussed the importance of the event’s theme “Putting[Read More…]
Faurecia, the world’s sixth-largest automotive supplier, received on June 24, 2014 the “Supplier of the Year” award at the Automotive Interiors Expo 2014 held at the Stuttgart Trade Fair Center. The prize, now in its third year, stands for extraordinary achievements and technologies in the field of automotive. Faurecia was able to come out on top, leaving renowned companies behind.[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…]
