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The global manufacturing economy will remain sluggish in 2024 and is forecast to expand by just 0.6 percent compared with last year. However, it looks set to recover in 2025, the latest data from Interact Analysis reveals. The market intelligence expert explains, except for China, most territories will experience a slight contraction this year, but many will be better off than expected going into 2025.
MLC (formerly Mississippi Lime Company) has appointed Blake Dell as vice president for corporate development, strategy and UK operations. Part of the MLC executive leadership team, this is a new role created to escalate the company’s geographic and market expansion.
AD is proud to announce the appointment of two new members joining the Industrial & Safety – U.S. Divisional Board: Alex Hodge, CEO of Horizon Distribution and Matt Onofrio, president of GT Midwest, effective June 2024. The Divisional Board, a vital aspect of AD's member-owned and governed structure, plays a critical role in shaping strategies and helping to direct the future for each respective business segment.
Caterpillar Inc. announces the awarding of Supplier Excellence Recognition Process (SER) Certification to the NTN Hamilton plant. This prestigious acknowledgment underscores NTN's consistent demonstration of excellence in product quality, service delivery, and overall performance in its partnership with Caterpillar.
Prof. Dr. Hermann J. Stadtfeld, vice president of the Gleason Corporation in Rochester, New York, has been presented with the Ernst-Blickle Award 2023 in recognition of his outstanding achievements relating to research into bevel gear technologies, the application of these technologies, and the design of drive systems.
Forest City Gear, an industry-leading manufacturer of fine and medium pitch custom gears, is proud to celebrate the retirement of Brian Getty in May. Getty served as Forest City Gear’s Maintenance Technician Lead for 10 years.
Siemens Digital Industries Software announced that Emotors, an independent e-drive manufacturer, has taken advantage of test solutions from the Siemens Xcelerator portfolio of industry software to aid in the development and constant improvement of its e-drive systems for hybrids, plug-ins and full electric vehicles (EVs).
Motion has signed a definitive purchase agreement to acquire Allied Circuits, an electrical
and automation firm. The transaction is expected to close later this month, subject to
customary closing conditions.
ABB has announced the launch of its 2024 Robotics AI Startup Challenge, a global competition designed to accelerate the development of artificial intelligence (AI) solutions in robotics. The challenge is part of ABB’s ecosystem for innovation, with a previous challenge resulting in the acquisition of Sevensense in January 2024, a Swiss-based start-up and leading provider of AI-enabled 3D vision navigation technology for autonomous mobile robots (AMRs). ABB Robotics' latest challenge will foster innovation and collaboration between ABB and pioneering startups and scaleups worldwide.