– Will hold investor presentation and meetings at St. Regis Beijing, September 16th
SHIJIAZHUANG, China, August 29, 2014 /PRNewswire/ — AutoChina International Limited (“AutoChina” or the “Company”) (O…
14th INTERFOOD 2014 will open in Sept
SHANGHAI, August 29, 2014 /PRNewswire/ — Interfood 2014 will open from Sept. 25 to Sept. 27, 2014 at Intex Shanghai (No. 55 Loushanguan Rd).Established in 1988 and in the market for over 20 years, it is the oldest food processing machinery …
LG Innotek Develops World’s First “Rare Earth Free” Automotive DCT Motor
– Eases concerns on reliance on uncertain rare earth supplies and supports environmental protection
SEOUL, South Korea, August 28, 2014 /PRNewswire/ — LG Innotek, a leading global components manufactur…
Keyuan Petrochemicals Inc. Announces Second Quarter 2014 Financial Results
Three months revenues increased 96% or $90 million YOY to approximately $185 million
NINGBO, China, August 28, 2014 /PRNewswire/ — Keyuan Petrochemicals Inc. (OTCQB: KEYP), (“Keyuan” or “the Company”),…
Recon Qualifies As Authorized ABB Third Party System Integrator
Partnering With ABB Seen As Enhancing Growth Prospects by Expanding Products and Services Offerings
BEIJING, August 28, 2014 /PRNewswire/ — Recon Technology (NASDAQ: RCON), a leading independent oilfie…
Frost & Sullivan: Lean Strategies and Decentralized Value Chains Fuel RFID Uptake in Manufacturing
— Automotive and aerospace industries represent key growth areas
MOUNTAIN VIEW, Calif., Aug. 27, 2014 /PRNewswire/ — The business model and structure of the manufacturing industry has grown well beyond the scope of a single enterprise and location, making radio frequency identification (RFID) solutions indispensable to its functioning. With increasing adoption of lean manufacturing strategies prompting most industry players to focus on and outsource niche operations within global supply chains, RFID solutions will help sustain high levels of performance.
Frost & Sullivan
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New analysis from Frost & Sullivan, Analysis of the Global RFID in Manufacturing Market, finds that the market earned revenues of $1.29 billion in 2013 and estimates this to nearly quadruple to $4.99 billion in 2020. The study covers passive, active and battery-assisted passive RFID. Over the forecast period, demand for active RFID will increase to fulfill business needs more efficiently.
For complimentary access to more information on this research, please visit: http://bit.ly/XPtW5v.
Use of RFID technologies enhances supply chain visibility and total control of inventory, operations and logistics across diverse manufacturing points. As RFID solutions facilitate real-time tracking of assets in different locations, it increases productivity enabling cost-effective allocation of resources. These benefits, along with reduced labor requirements, information accuracy, improved sales and customer service boost RFID adoption among manufacturing participants looking to realize higher return on investment.
“Opportunities for RFID solution providers exist across all application segments within the manufacturing industry,” said Frost & Sullivan Measurement & Instrumentation Senior Research Analyst Nandini Bhattacharya. “Growth prospects in the automotive and aerospace manufacturing sectors are especially promising owing to supportive industry regulations.”
However, as long as the economic situation remains uncertain, customers — particularly small and medium enterprises — will be reluctant to invest in RFID solutions unless they see a direct correlation between implementation of these technologies and cost-saving advantages. Cost is, therefore, a discerning factor for consumers’ RFID purchasing decisions. Scalability of solutions and technology support will be important criteria influencing uptake.
“Partnerships and acquisitions are rampant and necessary for this market to continue to expand,” noted Bhattacharya. “Without such collaborations, the breadth of knowledge and expertise needed for success is typically too wide even for the largest of companies.”
Analysis of the Global RFID in Manufacturing Market is part of the Automatic Identification (http://www.autoid.frost.com) Growth Partnership Service program. Frost & Sullivan’s related studies include: Analysis of the Global 2D-Barcode Scanners Market, Analysis of the Global RFID Tags Market, Analysis of the Global RFID and Bar Code Printers Market, and Emerging Opportunities in Global Biometrics Market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
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Analysis of the Global RFID in Manufacturing Market
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GETINGE Receives Red Dot Design Award for its Innovative User-interface CENTRIC
GETINGE, Sweden, Aug. 25, 2014 /PRNewswire/ —
Getinge Infection Control has been awarded the prestigious and coveted Red Dot design Award for its innovative user-interface called Getinge CENTRIC. The design of the newly launched user-interface for sterilizers and washer-disinfectors received the jury´s attention, thanks to its user-centric approach and focus on process assurance and safety.
The Red Dot Design Award is one of the world’s largest design competitions. The international jury judges each of the 7096 entries live and in-situ in sessions running over several days.
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Getinge Infection Control has in the past years developed CENTRIC a new patent pending user interface for washer- disinfectors and sterilizers, used in the Healthcare and Life Science segments. Creating a user interface for equipment in the infection control settings that enables an efficient, safe and intuitive handling required extensive user involvement and research engagement.
Getinge CENTRIC offers a unique guiding interface, showing only the information the operator needs in each situation. The interface is coordinated throughout all Getinge products for recognition and safe use. The aim of the intuitive and guiding interface is to minimize the risk of human error and allow the users to operate the machines with higher confidence and in less time. Another important aim is to support staff in solving errors themselves without lengthy stop in the flow of goods, and to substantially reduce costly training time.
“Winning the Red Dot award for Getinge CENTRIC is recognition that the intuitive user-interface is truly a game changer for our industry. The development of CENTRIC is designed with the user in mind. From this perspective, CENTRIC offers our customers more efficient processing and safer handling of their equipment in an appealing format,” says Anders Grahn, President & CEO for Getinge Infection Control.
In this process Getinge has worked in close cooperation with the Swedish design and innovation agency Lots. This is the second time Getinge Infection Control and Lots wins the Red Dot seal together. Lots has extensive experience and knowledge of developing creative and brand new design solutions that meet people´s needs.
“Getinge CENTRIC is a good example of user centric innovation, where deep user involvement during the development process resulted in a completely unique user interface that supports the staff,” explains Hanna Ljungstrom, Design Manager at Lots.
Media contact:
Anders Grahn
President & CEO
Getinge Infection Control
+46-10-335-56-96
Frost & Sullivan: Optimistic Growth in Indonesia’s Machine Tools Market
JAKARTA, Indonesia, July 9, 2014 /PRNewswire/ — Frost & Sullivan is optimistic on growth in Indonesia’s machine tools and cutting tools market due to the individual growth of the mining, power generation, automobile, aerospace & defense industry.
Mr. K Vinod Cartic, Consultant at Frost & Sullivan said that as the use of composite materials in automobile industry increases, diamond tipped tools will also grow faster vis-a-vis cemented carbide tools. Cement carbide tools are heavily used in the mining and power generation industry and steel and steel alloys are mostly used in fabrication of various components.
He also said that the use of intricate components in aerospace & defense industry is expected to promote use of high precision tools.
Mr. Cartic predicts that the machine tools and cutting tools market in Asia Pacific is likely to grow at a CAGR (compound annual growth rate) of 9.1 per cent (2012-2017), to reach revenues worth US$6.36 billion in 2017.
“Developments in infrastructure in China and India have increased the demand for machine tools and cutting tools. China became the world’s largest consumer of machine tools and cutting tools in 2002. In 2012 China also led in production. Rapid development across various industries and investments in infrastructure are the key reason for this growth,” he added.
He also said that many countries depend on China’s consumption to increase their export sales. He added that the growth of the Indian’s economy and its related industries also create a huge potential for investments in the Asia Pacific’s machine and cutting tools market.
Mr. Cartic said that in Indonesia, machine tools import in the automotive sector contributed 45 percent of the country’s total imports, while the remaining came from several other sectors such as oil and gas, or transportation. He said that the majority of imported machine tools are from Japan and China.
He added that the heavy industry market account for the major share in terms of consumption of machine tools and cutting tools, estimated at 57.3 percent globally in 2012. The heavy industry primarily consists of equipment and vehicles used in mining and power generation, he said.
Mr. Cartic also said that nuclear power generates 12.3 percent of the electricity produced worldwide and this is expected to increase in the long term. South East Asian countries like Indonesia, Thailand, Malaysia, and Vietnam are expected to account for 29 nuclear reactors by 2025, he added.
He said that the two most commonly used tools used in the automobile industry are cemented carbide and diamond cutting tools. “Diamond tools are used in the machining of lightweight non-ferrous materials such as aluminum, copper, tin and composite materials. The growing demand for these materials in the fabrication of automobile components is likely to increase the demand for diamond tipped cutting tools,” he added.
“Machine tools and cutting tools manufacturers are likely to benefit from sales boost with production of automobiles likely to increase tenfold in Indonesia, India and China in the next five years,” he said.
He added that the growth of the machine tools and cutting tools market in the Oil &Gas (O&G) industry during the forecast period can be attributed to the increasing oil exploration activity in various regions across the world. Shell, Petrobras, and other major O&G companies are likely to invest in production platforms in countries such as Brazil, Malaysia, and Indonesia.
Mr. Cartic noted said that the global machine tools industry is in the growth stage. The estimated revenue is over US$15 billion and the CAGR between 2014-2017 is expected to be 6.2 per cent. “It is a highly price sensitive market and the market is controlled largely by the top few market participants,” he added.
He also noted that Indonesia became Taiwan’s 6th biggest market for machine tools in the first 10 months of 2012. Taiwan Association of Machinery Industry (TAMI) statistics showed that Taiwan’s exports of machine tools to the Southeast Asia surged 23.5 percent year on year in the Jan.-Oct. period of 2012, during which the island’s total machine tool exports increased 9.2 percent from the same period of last year to US$3.50 billion.