skip to Main Content
First Trading Day As Bystronic On SIX Swiss Exchange

First Trading Day As Bystronic On SIX Swiss Exchange

At the Annual General Meeting on April 21, 2021, the share-holders of Conzzeta AG (“Conzzeta”) approved the change of name to Bystronic AG (“Bystronic”). The name change is the result of the strategic realignment of the Conzzeta Group. The shares of Bystronic (ticker symbol: BYS) are being traded for the first time on SIX Swiss Exchange.

By pursuing its growth strategy, Bystronic aims to further expand its leading position as high-tech solutions provider for the sheet metal processing industry: New smart factory software solutions meet the growing demand for automation and digital processes and support customers with the networking of their manufacturing processes. The company intends to open up new fields of application, strengthen its position in the individual regions and increase its focus on services. As a result, Bystronic’s market share is to continue to grow organically, by means of strategic partnerships and based on targeted acquisitions.

As already communicated on occasion of the Capital Markets’ Day on November 25, 2020, Bystronic is aiming for an annual organic sales growth of five to eight percent in the medium term (baseline year: 2019). By the end of the strategy period (2025), revenues are thus projected to increase to approximately 1.3 billion Swiss francs. The company has also set itself a profitability target with an EBIT margin in excess of 12 percent. Thanks to a capital-efficient business model, a return on net operating assets in excess of 25 percent is to be achieved. The service business is to grow from 19 percent (2019) to 26 percent of total revenues by 2025.

“Today is a special day for Bystronic and all our employees. I am very proud of the entire Bystronic team and their commitment to implementing our ’Strategy 2025`. We look forward to demonstrating that Bystronic is a modern, sustainably managed and agile company, and we share this moment with our employees, customers, investors, partners, and other stakeholders,” said Alex Waser, CEO of Bystronic.

“On behalf of the entire Board of Directors, I would like to sincerely thank the Conzzeta team and all employees involved and congratulate them on the successful completion of our transformation – towards a company with a focus on high-tech solutions for the sheet metal processing industry. We all wish Bystronic a great start and, as a company now listed on SIX, continued success with the implementation of its ambitious growth strategy,”said Ernst Bärtschi, Chairman of the Board of Directors of Bystronic.

 

For other exclusive articles, visit www.equipment-news.com.

WANT MORE INSIDER NEWS? SUBSCRIBE TO OUR DIGITAL MAGAZINE NOW!

FOLLOW US ON: LinkedIn, Facebook, Twitter

 

 

 

TRUMPF Opens New Smart Factory In Ditzingen

TRUMPF Opens New Smart Factory In Ditzingen

TRUMPF has opened a new smart factory at its headquarters in Ditzingen. The new facility is already producing sheet metal parts for the company’s machine tools. Designed as a fully connected manufacturing environment, the smart factory also serves as a demonstration center – a place where SMEs and other businesses can see for themselves how efficient sheet metal fabrication works.

“We have 30 machines connected to each other in our new smart factory. Connectivity helps reduce scrap rates and processing time as well as boosting efficiency. Nowhere else in the world offers our particular mix of problem-solving skills for sheet metal fabrication,” says Heinz-Jürgen Prokop, Chief Executive Officer Machine Tools at TRUMPF.

The smart factory is divided into three production halls that cover a total of 5,000 square meters. Along with Chicago in the U.S. and Taicang in China, Ditzingen has become the third TRUMPF location to have a fully connected manufacturing facility. The company now has a smart factory in each of the world’s major regions, highlighting its determination to get closer to its customers.

Assistance systems for day-to-day work

Connectivity in the new smart factory extends not only to cutting, bending and welding machines, but also to large-scale storage systems and automated guided vehicles. The whole connected manufacturing environment is managed from the control center. This is where all the key performance indicators from the production process are collected in real time – from initial order to finished product.

“The best way to improve the efficiency of a sheet-metal production line is to focus on the steps that occur upstream and downstream from the actual machining of the part. Connecting up production processes and machines gives sheet metal fabricators a decisive competitive edge – especially in our age of decreasing batch sizes, faster response times and increasingly complex parts,” says Prokop.

Workers in the new smart factory are supported by assistance systems. With the help of TRUMPF’s manufacturing execution system software TruTops Fab, they can monitor the entire manufacturing process from wherever they are using a tablet, smartphone or smart watch.

Solution provider for end-to-end production

TRUMPF’s smart factory meets the company’s in-house manufacturing requirements. But it also serves as a demonstration center for sheet metal fabricators from Germany and across Europe, showing them how to boost the efficiency of cutting, bending, punching and welding in a real production environment. From SMEs to large corporations, companies of all sizes can discover new solutions for connected manufacturing. For example, small businesses can significantly boost their efficiency by opting for entry-level solutions such as an AI-based part removal assistant. TRUMPF’s smart factory offers the perfect example of how to connect up manufacturing step-by-step in logistics and other areas. Larger companies with more machinery can learn how to set up semi-autonomous manufacturing by studying the smart factory’s seamless integration of punching, bending, lasers and storage systems.

Solution provider with partners

TRUMPF aims to continue building its reputation as a solution provider for end-to-end production – and that means building partnerships. The modern factory transport units that carry materials to and from the various machine tools are made by one of these partners, Jungheinrich, while the storage systems come from STOPA. The smart factory also includes a levelling and deburring machine from ARKU and an inspection machine from InspecVision.

For other exclusive articles, visit www.equipment-news.com.

 

Check these articles out:

APAC Demand For Machine Tools On The Upswing As Manufacturers Invest In New Production Facilities

Machine Tool Industry Propels Taiwan To Become World’s Second Largest Masks Manufacturer In Just 40 Days

EMO 2019: ANCA To Launch Latest Generation Of ToolRoom Software

A Company At The Heart Of The Car Industry

Collaboration Between LVD And GMI In Advancing Industry 4.0 In Malaysia

TRUMPF Discusses Opportunities For Growth In Vietnam

Increasing Integration Of Storage And Sawing Technology

 

WANT MORE INSIDER NEWS? SUBSCRIBE TO OUR DIGITAL MAGAZINE NOW!

FOLLOW US ON: LinkedIn, Facebook, Twitter

 

 

 

Key To Success For Efficient And Cost-effective Product Manufacturing

Key To Success For Efficient And Cost-effective Product Manufacturing

Marposs is helping the manufacturing industry transition to smarter factories with a new machine protection, and tool and process monitoring system.

Artis DA strain sensor detects surface tension of machine components.

In the factory of the future, a permanent exchange of information takes place. A considerable part of the information about machining processes is gathered by various sensors, which provide intelligent monitoring systems with the necessary data for the analysis and evaluation of production processes.

Marposs, one of the leading providers of inspection, measurement and process control solutions worldwide, is helping the manufacturing industry transition to smarter factories with the release of the Artis machine protection, machine monitoring, and tool and process monitoring system. Featuring the new data management system C-THRU4.0, Artis also has new sensors, intelligent stand-alone and integrated system modules, informative visualizations and adaptable software solutions are all available.

Artis monitoring systems support the technological requirements for manufacturing processes in different industry sectors such as electromobility, aerospace, and orthopaedics, among others. In addition to possible optimizations of current and new production technologies, Artis is a success factor for efficient and cost-effective product manufacturing. In addition to typical metal-cutting processes, assembly, deep rolling or friction stir welding processes can be reliably monitored and controlled—parallel to the process in real-time.

Machine protection

VisuScope: Artis diagnostic tool.

Collisions and crashes can never be completely avoided. The risk of accidental damage to production equipment is particularly high during manual interventions. Powered with force sensors based on strain technology, Artis can be used in almost all robots, machines and equipment to quickly (<1 ms) detect and minimize the effects of such dynamic or quasi-static events. The sensors absorb elastic deformation, like torsion, feed force or surface strain, as well as achieve an excellent linearity and repeatability over extended periods of time. In fact, insurance companies have recognized these system benefits and offer their customers up to 25 percent off machine insurance if an Artis machine protection system from Marposs is installed.

Machine monitoring

C-THRU4.0: Database management system.

Artis provides all the information required for predictive maintenance in a comprehensive and well-structured manner. They record the current status of production equipment via eddy current, vibration, temperature and gravity signals. The data collected help to identify anomalies in the machine, tool and workpiece at an early stage, allowing specific preventive interventions. Continuous acceleration measurements of up to three axes simultaneously is also possible.

Following or parallel to the machining process, the Artis diagnostic tool VisuScope, which can be employed for real time or off-line data evaluation, carries out the signal evaluation. Various signal filters and various diagnosis and display modes are available for analysis.

To continue reading this article, head on over to our Ebook!

 

For other exclusive articles, visit www.equipment-news.com.

 

Check articles here:

Smart IoT Strategies: Enhancing Machine-to-Machine Integration And Enabling The Smart Connected Factory

Heimatec CyberCon4 Sensor System

Marposs Joins 5G-SMART Project To Show How 5G Boosts Smart Manufacturing

Pandemic Highlights the Need for Smarter, More Adaptable Cities

Sandvik Launches Digital Monitoring System

Coherent Launches Turnkey Solution for Precision Metal Parts Welding

How Digitalisation Is Transforming The Aerospace Sector

Hexagon Touch Probe Transforms Thickness Measurement on Machine Tools

Taking metal to the cloud

 

WANT MORE INSIDER NEWS? SUBSCRIBE TO OUR DIGITAL MAGAZINE NOW!

FOLLOW US ON: LinkedIn, Facebook, Twitter

 

 

 

Bystronic And IPG Partner To Generate Innovations

Bystronic And IPG Partner To Generate Innovations

The strategic partnership with IPG Photonics is strengthening Bystronic’s innovative capacity: Together, these two technology pioneers are developing the next generation of fiber lasers. In addition, Bystronic benefits from attractive procurement terms and can set itself apart by offering exclusive customer services.

Innovative features, excellent service

Bystronic is one of IPG’s most important customers in the field of materials processing. What started as a simple supplier-customer relationship has evolved into a strategic partnership: In 2018, the two companies initiated joint development projects within the framework of a collaboration agreement. “This offers us the opportunity to adapt the laser sources to our specific needs and to develop innovative features for our customers,” says Christoph Rüttimann.

One such collaboration includes for example, Bystronic technicians being qualified to replace defective transport fibers at the laser source or to exchange laser modules. “We can thus set ourselves apart by offering comprehensive services from a single source. Our customers appreciate having a single point of contact for all their concerns,” Christoph Rüttimann emphasises.

Leader in the race for higher output

The output of fiber laser cutting machines has increased rapidly over the past few years. Two years ago Bystronic launched a 12-kilowatt system on the market, and this October with 15 kilowatts, the next power level will be launched. Christoph Rüttimann is convinced that the race for power will continue. And Bystronic is at the forefront – also thanks to its partnership with IPG.

Pioneering work for the smart factory

For Bystronic’s customers, the performance increases achieved over the past few years have translated into higher productivity and above all greater flexibility. This tangible customer benefit can be enhanced even further thanks to innovative features. The exchange of ideas and know-how with IPG is fertile ground that generates valuable ideas to drive forward the development of the systems.

Strong partnership for a dynamic and evolving market

The joint innovations show that with IPG, Bystronic has found an ideal partner to drive development of next generation fiber laser solutions. Christoph Rüttimann observes: “Within a rapidly evolving market, our partnership provides technology leadership, delivering leading-edge productivity and superior cost of ownership to our customers, and strengthening the future prospects of Bystronic.”

For other exclusive articles, visit www.equipment-news.com.

 

Check these articles out:

The Carefree Package For The Entry Into Bending

Bystronic To Complete Modernisation Of Production Facility

VinFast To Manufacture Made-In-Vietnam Cars For Global Market

Bystronic Acquires Majority Interest In Automation Specialist Antil S.p.A.

APAC: Demand For Machine Tools On The Upswing As Manufacturers Invest In New Production Facilities

Are Battery Packs At The Heart Of EV Market Explosion?

Renishaw Announce Partner & Distributor For Additive Manufacturing In China

Vietnam Automobile Sales Rebound In February

PostNord Resumes 3YOURMIND Partnership With New 3D Printing Portal

LVD Offers New Automation Options For Phoenix Large-Format Fiber Lasers

 

WANT MORE INSIDER NEWS? SUBSCRIBE TO OUR DIGITAL MAGAZINE NOW!

FOLLOW US ON: LinkedIn, Facebook, Twitter

Hexagon Enhances Smart Factory Solutions With Acquisition Of Romax Technology

Hexagon Enhances Smart Factory Solutions With Acquisition Of Romax Technology

Hexagon AB has signed an agreement to acquire Romax Technology Limited, a leading provider of Computer Aided Engineering (CAE) software for electromechanical drivetrain design and simulation.

READ: Hexagon Discusses Opportunities For Growth In Philippine Metrology Market

A greater focus on energy efficiency and an accelerating shift towards electrification brings new engineering challenges that require increased use of simulation tools earlier in the design lifecycle. Romax Technology brings more than 30 years of experience in electromechanical simulation and multi-physics design optimisation.

The cloud-enabled MBSE (model-based systems engineering) platform, Romax Nexus, provides a complete workflow for designing, simulating and delivering the next generation of energy efficient drive and power generation systems, enabling engineers to collaborate and optimise electrical and mechanical design simultaneously. By simulating the operation of the entire system – engine, gears, bearings and housings – the efficiency of automobile, aerospace and wind turbine powertrains can be optimised, and the battery range of electric vehicles can be increased.

READ: Hexagon’s Simufact Improves Metal Additive Manufacturing Efficiency

“One of the greatest challenges of our time is the battle against climate change and the need to reduce GHG emissions. The acquisition of Romax Technology enables us to meet the growing need for electrification, providing our customers with integrated tools that empower engineering teams to develop the next generation of energy-efficient electric vehicles,” said Hexagon President and CEO Ola Rollén.

“Electrification is a growing trend in automotive and aerospace but also presents new opportunities for Hexagon in the development of renewable energy systems.”

 

For other exclusive articles, visit www.equipment-news.com.

 

Check these articles out:

Renishaw Demonstrates Additive Manufacturing Capabilities For Spinal Implants

Hexagon Manufacturing Intelligence Division To Set Up New Canadian HQ In Toronto

Hexagon Expands AICON SmartScan Range

ANCA Motion’s Multi-Axis Servo System Conserves 96 Percent Of Energy Wastage

MVTec Expands Distributor Network in Southeast Asia

Makino Strengthens Presence In Vietnam With New Technology Centre

Mitsubishi Motors To Invest Seven Billion Baht In Its Thailand Facility

Airbus Commits To Continued Automation Of Its Manufacturing Line

 

WANT MORE INSIDER NEWS? SUBSCRIBE TO OUR DIGITAL MAGAZINE NOW!

FOLLOW US ON: LinkedIn, Facebook, Twitter

 

 

PMR Study: Servo Motors & Drives Sales Continue To Benefit From Rising Factory Automation

PMR Study: Servo Motors & Drives Sales Continue To Benefit From Rising Factory Automation

The global servo motors and drives market was valued at ~ US$ 9 Bn in 2014, and is expected to surpass US$ 12 Bn by the end of 2019. The servo motors and drives market is expected to grow at a CAGR of ~eight percent between 2019 and 2029, and is estimated to reach a global value of ~ US$ 28 Bn by the end of 2029.

A new market study on the servo motors and drives market, which includes the global industry analysis 2014–2018 and forecast 2019–2029. The report studies the global servo motors and drives market and offers an in-depth analysis for the next ten years. The report on the global servo motors and drives market contains vital macroeconomic and forecast factors that are estimated to drive the growth of the global servo motors and drives market. The report on the servo motors and drives market also discusses restraints that are expected to hamper the global market, along with potential opportunities and latest trends in the market across the value chain.

 

Servo Motors And Drives Witnessing Lucrative Opportunities In Non-Traditional Application Areas

By application, the robotics segment is likely to hold a significant share across the globe due to the unprecedented developments in the robotics industry and heavy adoption of robotic techniques in various end-use industries. The printing and packaging equipment segment will also show a decent share hold over the market and is set to register a healthy growth over the forecast period. Moreover, in food & beverages industry, servo motors and drives are playing a vital role to make accurate packages of foods or cold drinks. Thus, servo motors and drives application is not limited to the above mentioned industry but also these motors are gaining healthy traction in other industries such as pulp & paper, and textile, among others.

By technology, the servo motors and drives market is segmented into single axis servo systems and multi axis servo systems, among which, the single axis servo systems segment is expected to attract end users and is likely to witness more traction in the servo motors and drives market. The reasonable cost and efficient performance of single axis servo systems is likely to play a pivotal role for the substantial growth in the market of single axis servo systems.

By product type, the global servo motors and drives market is segmented into linear servo motors and rotary servo motors, and both the segments are projected to have near about equal sales with linear servo motors gaining a slight edge in terms of market share. Linear servo motors are manufactured by several manufacturers, which provides customer liberty to choose a product best fit for their purpose. Due to this scenario in the market, linear servo motors have a slightly more sales across the global market. Moreover, linear servo motors and drives are used for repetitive operations such as assembly and arrangement on XY table, CNC machine, etc.

 

AC Servo Motors & Drives Account for 75 percent of Total Sales

By motor configuration, the global servo motors and drives market is segmented into AC servo motors and DC servo motors and to provide a more specific outlook AC servo motors and drives are further categorised into industrial type and asynchronous type. On the other hand, DC servo motors are categorised into brushless DC motors, separately excited DC motors and permanent magnet DC motor. On the global perspective, AC servo motors are more likely to be preferred in the market due to its ability to operate with the AC current as well as it also pick up frequently light load and heavy load. Almost 3/4th of the market is estimated to be held by the AC servo motors and drives across the globe. Meanwhile, synchronous type AC motors are going to be the top choice of customers among other offerings of servomotors. In the DC servo motors and drives market, all the three sub-segments are expected to attract the target customers in the market.

By rated power capacity, the global servo motors and drives market is segmented into 400 – 750 W, 750 W – 1 kW, 1 – 5 kW, 5 – 15 kW, 15 – 50 kW, and 50 – 100 kW. The demand for these products depend on the requirement of end users. Although, the servo motors and drives 750- 1Kw segment is expected to remain paramount share holder in the market over the forecast period. However, the demand for servo motors and drives entirely depends upon its requirement and applications.

By region, the servo motors and drives market has been segmented into six regions, namely North America, Latin America, Europe, East Asia, South Asia, and Middle East & Africa. In these regions, The Europe market is estimated to grow with a noteworthy share in the global servo motors and drives market over the stipulated time period. However, East Asia & South Asia regions are estimated to grow with significant collective share throughout the forecast period. Moreover, the North America region is expected to account nearly 10 percent share in the global servo motors and drives market owing to the rising awareness of end user towards accuracy and precision, coupled with the factory automation.

 

Competition Analysis

The global servo motors and drives market is characterised as a fragmented market, owing to the significant presence of well-established and small-scale manufacturers of servo motors and drives across the globe. For profound analysis, Study has analysed the global market in three categories: Tier-1, Tier-2, and Tier-3. Here, Tier 1 players are estimated to account for large share in the global market. Furthermore, increasing number of full-fledged companies mainly from emerging regions such as in China, are making competitive structure in the global servo motors & drives market.

Moreover, renowned players in the global market are adopting business expansions, acquisitions, collaborations, and product launch strategies, in a bid to promote substantial growth to the servomotors and drives market.

  • In April 2019, Siemens AG launched an enclosed IEC motor for industrial and construction application, which highlighted the product innovation performance of the company.
  • In June 2019Mitsubishi Electric Corporation inaugurated its new office in Boston, U.S. to improve its presence in the market of North America.

Some of the key players identified across the value chain of the global servo motors and drives market includes Siemens AG, Panasonic Corporation, Parker Hannifin Corporation, Nidec Motor Corporation, Delta Electronics, Inc., Fuji Electric Co., Ltd., Hitachi Industrial Equipment Systems Co. Ltd, Mitsubishi Electric Corporation, Schneider Electric, Rockwell Automation, Inc., ABB, Applied Motion Products, Inc. Altra Industrial Motion Corp., etc.

 

These insights are based on a report on Servo Motors and Drives Market by Persistence Market Research

 

WANT MORE INSIDER NEWS? SUBSCRIBE TO OUR DIGITAL MAGAZINE NOW!

FOLLOW US ON: LinkedIn, Facebook, Twitter

 

 

EMO 2019: ANCA To Launch Latest Generation Of ToolRoom Software

EMO 2019: ANCA To Launch Latest Generation Of ToolRoom Software

Leading cutting tool manufacture Fraisa, reduced set up from hours to five minutes through the new tool balancing feature in ANCA’s new ToolRoom RN34. A specially designed software package for the aerospace, die mould, general machining and power generation industries, the product will officially launch at EMO 2019. Customers can get improved productivity or minimise chatter through the intuitive design of high performance, complex endmills.

“ToolRoom RN34 is aimed to be the differentiator among many suppliers of endmill manufactures in the industry by allowing customers to design complex geometries through software to achieve increased tool life, productivity, cutting volume and increased quality and precision of the workpiece” says Thomson Mathew, ANCA Software Product Manager.

The constant helix ballnose option, for example, is replaced by a graphical drag-and-drop designer. This ballnose type of tool, with optimised irregular helix curves to reduce vibration, and with near-instant visualisation easily achieved by switching from the 2D projection of the cutting edge to the 3D.

Douglas Franke, Fraisa Production Manager said: “with ANCA’s balancing software we have a tool balanced generally within five minutes. Some of our more complex tooling can take a little longer – up to 20 minutes. This drastically decreased our time in setup on the machine which could take several hours. Our biggest success story has been an aerospace customer who is running our 1” aluminium roughing tool at 25k rpm.”

Lights Out Manufacturing To Be ANCA’s EMO Theme

Toolmakers have always been subject to technological change. Today the future of tool making innovation goes by many names. The Factory of the Future (FoF), the Smart Factory, or Industry 4.0. Whatever it is called, there’s one common factor: it’s revolutionary, and it will redefine and optimise manufacturing processes. ANCA will be showcasing its technology so tool makers understand how they can Build their Factory of the Future at EMO.

  • Reduce wasted materials and time through 3D simulation.
  • Increase grinding efficiencies through informed, data led decisions.
  • Reap the benefits of lights out manufacturing with affordable, easy to use robots.
  • Achieve 100 percent tool accuracy through automated in process measurement.

For tool manufacturers this will be a new landscape that places big data analytics and interconnected technology at the heart of daily work. It means streamlined business operations that allows rapid expansion into new and emerging markets and technology throughout the process to remove the need for human intervention.

Change will not happen in one radical moment. For almost 50 years ANCA has been on the journey to help our customers move towards a smart factory solution. Every world-first technology development we’ve introduced, from 3D simulation software to Laser Plus, our in-process measurement system, to RoboTeach, which makes robotic loaders accessible and easy to program, has been iterative rather than completely revolutionary.

WANT MORE INSIDER NEWS? SUBSCRIBE TO OUR DIGITAL MAGAZINE NOW!

FOLLOW US ON: LinkedIn, Facebook, Twitter

 

 

Smart Factory Market Outlook: US$275.9B By 2026

Smart Factory Market Outlook: US$275.9B By 2026

The smart factory market is expected to reach US$275.89 billion by 2026, according to a new report by Reports and Data. Smart factory attributes to several fully integrated automation solutions implemented for manufacturing purposes, which help to streamline the material flow during all the methods involved in manufacturing, thus, facilitating the efficient flow of materials across the factory floor.

Easy monitoring, minimization of waste, and acceleration of production are some of the significant benefits of a smart factory. This technology advancement provides enhanced quality, with standardization and reliable products to the customers, within time and at a much economical cost. The emergence of wireless networking technologies is promoting revolutionary improvements in this market along with the growing number of smart factories globally, and also encouraging the use of mobile devices, to observe and manage industrial processes.

From a regional perspective, Asia Pacific accounted for the largest share of the smart factory market—at 29.3%—in 2018.

North America, meanwhile, accounted for the second largest share, with 27.3% of the market. This region is an important market as it consists of some of the most prominent multinational organizations engaging in this market, including the majority of the leading players. The developed R&D in the field of Internet of Things (IoT) for modern and upgraded technologies, as well as the rising demand for enhanced lifestyle, are the two significant factors driving the market in this region. Also, the increasing demand for high-level manufacturing solutions is anticipated to drive the growth of the market in North America.

Other key findings from the report include:

  • Industrial robots have evolved as an essential part of the manufacturing industry. The market for industrial robots is expected to grow at a rate of 9.2% during the forecast period.
  • Robotic installation in the US has expanded to a new peak. The driver for this increase in manufacturing industries has been the continuing trend to automate production, to establish the US industries in both native and global markets.
  • The PLM technology is anticipated to witness the highest CAGR of 9.3% during the forecast period. This is mainly attributed to the growing demand for performance and productivity, along with the increasing need for collaboration across the global manufacturing lifecycle.
  • Adoption of end-to-end PLM solutions across new verticals such as infrastructure and construction, power and energy, and consumer goods among others, and increased manufacturing activities in developing economies such as India, China, and South Korea, are some of the driving factors for the growth of the market.

 

FOLLOW US ON: LinkedIn, Facebook, Twitter

READ MORE IN OUR LATEST ISSUE

WANT MORE INSIDER NEWS? SUBSCRIBE TO OUR DIGITAL MAGAZINE NOW!

 

 

Sandvik Launches Digital Monitoring System

Sandvik Launches Digital Monitoring System

Using digital solutions for monitoring of equipment utilisation makes workshops far more efficient and profitable. Sandvik Coromant has introduced its monitoring system, CoroPlus MachiningInsights which also gathers data, calls attention to issues and provides insights required to take action. It is an easily attainable step for manufacturers that are looking to reduce waste in production and make a smooth transition into a digital way of working.

This digital solution was developed in recognition that a machine that stands idle is not making money. For many manufacturers and workshops, knowing when a machine has stopped – and identifying the underlying reason for the stoppage – can be a major challenge and digital solutions are creating new possibilities to overcome this issue. Replacing the traditional ways of manual tracking, manual data aggregation and manual time studies, collecting data directly from a connected machine tool as well as from operators makes it possible to visualise the machine-, and even tool-, utilisation levels and create improvements within the factory.

Manufacturers are able to make substantial efficiency gains from this digital solution through the ability to analyse equipment utilisation and act to optimise production processes. The analysis itself is facilitated by digital connectivity and by adding the capability of operator input into the system, Sandvik Coromant has ensured there are also opportunities for increased collaboration and greater efficiency by combining data from the operator with data from the machine.

Transparency is ensured through the visualisation being carried out online and, therefore, accessible by a web browser. This means there is a rapid and simple method of incorporating digital manufacturing intelligence into a production site to drive improvements.

 

FOLLOW US ON: LinkedIn, Facebook, Twitter

READ MORE IN OUR LATEST ISSUE

WANT MORE INSIDER NEWS? SUBSCRIBE TO OUR DIGITAL MAGAZINE NOW!

 

 

GENiE Smart Factory Solution Boosts Smart Manufacturing In Malaysia

GENiE Smart Factory Solution Boosts Smart Manufacturing In Malaysia

Galactic Advanced Engineering (M) Sdn Bhd has launched its cloud-based process intelligent solution—GENiE Smart Factory Solution, which aims to increase adoption of smart manufacturing practices in Malaysia and the region.

“Malaysian manufacturers need to embrace technology and be competitive worldwide. We can no longer be dependent on labour intensive manufacturing practices. It is essential for manufacturers especially SMEs to leverage on cyber-physical systems and cloud-based data to make informed business decision in order to increase productivity,” said Dr. Ong Kian Ming, Deputy Minister of Ministry of International Trade and Industry (MITI), during the launch. He hopes to work with the company to support Malaysia manufacturers in taking steps towards Industry 4.0.

GENiE Smart Factory Solution enables better decision making on the production floor through data analytics, by obtaining real process values and parameters of production operations. The solution address common problems encountered by manufacturers such as under-utilisation of machinery, production wastage, unpredicted down time risks and high usage of energy.

“It is a scalable investment to improve operations and more importantly to reduce downtime and financial losses from production interruptions. The savings from energy utilisation, reduction of wastage and better yield from the machines can be seen within months,” said Sakhtivel Narayanasamy, CEO of Galactic Advanced Engineering.

He is optimistic about the government’s commitment and efforts in driving adoption of Industry 4.0: “There has been much concept talk about Industry 4.0 and its power to revolutionise but we believe these concepts can be converted into applicable solutions like the GENiE Smart Factory that enables an innovative shift in manufacturing operations for the next three years.”

 

FOLLOW US ON: LinkedIn, Facebook, Twitter

READ MORE IN OUR LATEST ISSUE

WANT MORE INSIDER NEWS? SUBSCRIBE TO OUR DIGITAL MAGAZINE NOW!

 

 

 

Back To Top