In 2024, the United States government continues to offer incentives to encourage businesses to invest in new machinery. These incentives aim to boost manufacturing competitiveness, create jobs, and support domestic manufacturing and clean energy production. Here are some notable ones:Qualifying Advanced Energy Project Investment Tax Credit (the 48C Credit):This credit applies to facilities…
Biesse is thrilled to announce the upcoming launch of its new Ontario Tech Center, set to be ready in July! To accommodate the rapid growth in the Americas region, Biesse is making significant investments in Canada, and Vaughan, Ontario, has been chosen as the location for their cutting-edge facility. Centrally situated in the GTA and just minutes away from the Toronto Airport, it…
From 2021 to 2023, Italy maintained a notable presence in Canada's import market across various machinery sectors. The aggregate value of imports from Italy witnessed a substantial increase, reflecting a growth trend in the demand for Italian machinery in Canada. Italy ranked fifth among Canada's machinery import partners, with a notable 19.7% increase in import value from 2022 to 2023.…
The Italian company Pirelli inaugurated its Training and Education Center at the plant located in Puerto Interior, in Silao, Guanajuato, marking a new milestone in the company's history in Mexico. The main objective of this center is to train and specialize local talent in key areas for the industry.Additionally, the Italian company celebrated the production of 50 million tires at its Puerto…
In 2022, Mexico solidified its position as the seventh-largest importer of Italian machinery for plastics and rubber, reaching 141 million euros. Projections for 2023 indicate continuous growth, as in just the first half of the year, this figure reached 95 million euros. During the recent Plastimagen, held from November 7 to 10, Italy stood out as the second country with the highest…
EuroGroup Laminations, an Italian group engaged in the design, production, and distribution of stators and rotors for electric motors and generators, inaugurated a new production plant in Querétaro with an investment of 50 million euros. This location serves as the headquarters for the subsidiary Eurotranciatura, which, in the first months of 2023, experienced a 33% growth, generating revenues of…
Flame Spray North America, a thermal spray coatings manufacturer, today announced it is expanding its operations in Laurens County South Carolina. The company’s $2.5 million investment will create 40 new jobs.Part of Flame Spray S.p.A., Flame Spray North America offers a complete portfolio of thermal spray coating and heat treatment services. The company’s only North American facility, located at…
Quotient Sciences, a drug development and manufacturing accelerator, and MG2 Srl, other automated machinery, recently announced a strategic agreement. The partnership includes the purchase and installation of a FlexaLAB development facility in Garnet Valley, Pennsylvania. The new machine can reach a speed of up to 3,000 capsules per hour, and is designed for R&D with different dosing units to…
Headquartered in Brazil, tile manufacturer Portobello America Inc. recently took receipt of 630 tons of machinery from Imola, Italy-based SACMI Group for a new production plant in Baxter, Tennessee. From dough preparation to presses and ovens, SACMI—a global supplier for the ceramics, closures, preforms and containers, food and beverage, packaging, metals and advanced materials industries and…
According to the European Patent Office, applications for additive manufacturing (AM) solutions registered an average annual increase of about 30% in the last decade. The total number of AM requests was six times higher than in other high-technology sec- tors. With a turnover that reached a record- breaking total of 16 billion euro in 2022, AM has its most important markets in the U.S. and in…