28 April 2017

Eggelsberg, Austria: Bernecker + Rainer Industrie-Elektronik GmbH (B&R) will be acquired by Swedish robotics and automation multinational company ABB.

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27 April 2017

Jiangsu, China: Metrology system and metal 3D printing machine manufacturer Renishaw announced the signing of an agreement with FalconTech Co Ltd as a solutions centre partner and distributor for its additive manufacturing (AM) technology in China.

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26 April 2017

Denmark: General Electric has finalised the acquisition of LM Wind Power. The US$1.65 billion deal had to go through regulatory clearances in the European Union, the US, China and Brazil.

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25 April 2017

Tokyo, Japan: Japanese’s Deputy Prime Minister Taro Aso believes that Trans-Pacific Partnership trade talks would offer greater advantages to Japan than bilateral negotiations with the US.

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24 April 2017

China: Schmolz + Bickenbach (S+B) has formed a joint venture with steel producer Tshingshan Group to distribute specialty steel long products to manufacturers in China.

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21 April 2017

Worldwide: With increased demand in mass production plants in various sectors, including defense and intelligence, electronics, automobile, and machinery, the computer numerical control (CNC) is grow at a compound annual growth rate (CAGR) of 5.5 percent to bring in US$18.3 billion by 2022, according to a forecast by research firm Allied Market Research.

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20 April 2017

China: Sales of electric cars in China reached 336,000 last year, according to a report by Statista. The research statistics company added that the market is further poised for growth.

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19 April 2017

Gyor, Hungary: Manufacturing company Dana has started construction on a 13,000 sq m gear manufacturing plant in Eastern Europe.

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18 April 2017

Selangor, Malaysia: Bystronic Laser has opened a new office in Selangor, Malaysia. The company said that the office will provide local area network support services and integration solutions for production companies.

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17 April 2017

Electric automotive manufacturer Tesla saw its market cap increase to as high as US$50.9 billion recently, overtaking automotive manufacturer Ford and putting it close to General Motors (GM), the most valued automaker in the US.

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