23 June 2017

Indonesia: The government aims to increase domestic steel production by five percent year-on-year in 2017.

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22 June 2017

Japan: Kobe Steel Limited has acquired Swedish industrial equipment company Quintus Technologies from US private equity firm Milestone Partners for approximately 13 billion yen (around US$115 million).

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21 June 2017

Kuala Lumpur, Malaysia: Chinese automaker Zhejiang Geely Holding Group will purchase a 49.9 percent stake in Malaysia’s carmaker Proton, and a 51 percent stake in British sports car brand Lotus.

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20 June 2017

Worldwide: The global metalworking fluids market reached US$10.3 billion in 2016 and is expected to increase to US$14.8 billion by the end of 2024, according to market intelligence agency Transparency Market Research.

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19 June 2017

Indonesia: May’s reading for the Nikkei Indonesia Purchasing Managers’ Index (PMI) dropped to 50.6 in May from a reading of 51.2 in April. However, the reading remains comfortably above the line of 50.0 that separates expansion from contraction.

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16 June 2017

Munich, Germany: In a move that will see a combined market value of US$75 billion, revenue of US$30 billion and 88,000 staff, German industrial gas supplier Linde’s supervisory board has agreed to a merger with US peer Praxair.

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15 June 2017

USA: MachiningCloud and Kyocera SGS Precision Tools (KSPT) have entered a partnership to provide KSPT data on the cloud.

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14 June 2017

Worldwide: Research by Bloomberg New Finance indicates that falling battery costs will mean electric vehicles (EVs) will be cheaper to buy in the US and Europe as soon as 2025.

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13 June 2017

Sandviken, Sweden: Tooling solutions supplier Sandvik Coromant has appointed Nadine Crauwels as the company’s new president. Ms Crauwels was previously vice president and head of customized solutions and strategic relations.

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12 June 2017

Qingdao, China: Airbus Group’s helicopter manufacturing arm Airbus Helicopters has started construction of its first assembly plant in China.

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As Asia's number one English metalworking magazine, Asia Pacific Metalworking Equipment News (APMEN) is a must-read for professionals in the automotive, aerospace, die & mould, oil & gas, electrical & electronics and medical engineering industries.

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