As expected, there was again a decrease in the index of the orders collected by the Italian machine tool manufacturers in the second quarter of 2020. In particular, according to the data processed by the Economic Studies Department & Business Culture of UCIMU-SISTEMI PER PRODURRE, in the period April-June, the index registered a 39.1% downturn compared with the same period of 2019. The…
Nissan-Renault and Mitsubishi have announced a news strategic global strategy. As a result of this alliance, which aims to generate a more efficient use of available resources, each company will focus on specific regions and markets. While Renault will be in charge of Europe, Mitsubishi will handle the Southeast Asian markets and Nissan will concentrate on the North American region.…
Due to the spread of the novel coronavirus or COVID-19, the outlook for 2020 set out at the beginning of the year is now moot. An exogenous shock is hitting the USA and the global economy as a whole to an unknown extent. What is special about the new economic crisis is that there have been simultaneous supply and demand shocks which have commanded not only a reduction in jobs, output, and…
Pegaso Industries S.p.A. an Italian maker of auxiliary equipment has established Plastic Systems US in Atlanta to serve the North American market. The new subsidiary will help it grow the local market, including auxiliary equipment for extrusion, injection molding, blow molding, and processing of PET.
It joins Plastic Systems Shanghai, Plastic Systems Latin America, and Plastic Systems India,…
Enel is fastly expanding in the renewable energy market in the USA and Canada thanks to its subsidiary Enel Green Power North America. Its latest achievements include the addition of 50 Megawatts generating power to the High Lonesome, Upton, Crokett County (TX) wind park, whose total power generation capability now totals 500 Megawatts - the largest in Enel’s renewable energy portfolio…
AMUT continues to thrive and grow in North America thanks to if focus on PET recycling and post consumer products technology. “We just started the commissioning of two new PET Recycling Plants for Post-Consumer plastics at INDORAMA ECOMEX division for their VIRGIN PET plants.” Says Anthony George, President of the North American division of the Italian AMUT Group. “Indorama is the world…
The Italian Trade Agency via its North American Offices together with 16 of Italy’s leading machinery manufacturers associations will be producing the 2020 edition of the Machines Italia magazine (Vol XIII). The magazine is being developed with SME, the North American based association who organizes leading events for the advanced manufacturing sector such as IMTS, Fabtech, Rapid amongst others…
For over 60 years, BI-MU has been synonymous with excellence in the metalworking industry worldwide. The next edition of BIMU – the biennial trade show dedicated to machine tools, robots, automation, digital manufacturing, auxiliary and enabling technologies trade show – will take place at Fiera Milano Rho, in Milano, Italy, from October 14th to 17th, 2020.
Over one thousand exhibitors – 47%…
Alabama Gov. Kay Ivey announced that 2A S.p.A., a prominent Italian die-casting company, planned to invest $15 million to expand its foundry in Auburn, where it serves as a Tier 1 supplier to major producers of automobiles and heavy trucks.
The expansion project at 2A USA in Auburn will create more than 50 jobs and double the Auburn facility’s current die-casting area.“2A has earned a reputation…
Waiting for more details to evaluate the impact of the pandemic on the industrial economy, based on the analysis of the Acimall Studies office we can illustrate the trend of wood and furniture technology in 2019. Unfortunately, those twelve months were characterized by hardly encouraging signals for the health of our industry, a suffering condition that can only get worse after the dramatic…