Brussels, Belgium: The European Association of Machine Tool Industries (CECIMO) held its General Assembly, in Brussels, Belgium, in November this year, and intents to address the challenges of artificial intelligence (AI), and to develop the right framework conditions through cooperation with decision makers in the European Union and industry stakeholders. The move is aimed at the deployment of AI and machine learning by machine tool builders in the coming years.
Worldwide: The global neodymium-iron-boron (NdFeB) magnet production is forecast to grow four to five percent annually between 2016 and 2021, according to a report by Roskill Information Services Limited, a metals and minerals market research company.
Shanghai, China: The new Chinese passenger aircraft—C919—manufactured by the Commercial Aircraft Corporation of China (COMAC), a state-owned aerospace manufacturer, has successfully completed its first long-haul test flight.
India and Bangladesh: A new passenger cross-border train, the Bandhan Express, has begun commercial service and runs between Kolkata in India and Khulna in Bangladesh. It is intended to reduce the overall journey times for passengers.
Abu Dhabi, UAE: Rolls-Royce, a provider of power systems for the marine and aerospace industries, has signed a memorandum of understanding (MOU) with Abu Dhabi Ship Building (ADSB)—which specialises in the construction of frigates, mega-yachts, and ship repairs—to provide shipbuilding, repair, and refit services across the Gulf region.
Singapore: JEP Precision Engineering, a provider of specialised materials such as Inconel and titanium for the aerospace, semi-conductor as well as oil and gas industries, has opened a smart factory in Singapore to support more original equipment manufacturers in reaching their manufacturing capabilities.
Worldwide: The global alternative fuel and hybrid vehicle (AFHV) market is expected to reach a value of US$614 billion by 2022, registering a CAGR of 12.9 percent from 2016 to 2022, according to market intelligence company Allied Market Research.