Search result for manufacturing
Losses in global foundry sales in 2023 will hurt Taiwan and South Korea.
This year is expected to be a down year for revenues in the worldwide contract chipmaking industry, also known as foundries, as demand for sophisticated chips, which have strengthened the technology-driven economies of Taiwan and South Korea, rapidly cools. Foundry sales are forecast to drop by 4...
The Manufacturing Industry Is Growing Rapidly Despite the Future's Uncertainty
With total demand and production capacity at recent highs after the pandemic's end, the manufacturing sector had tremendous growth in 2022. However, there are signs that the near-term picture may not be as bright due to variable inflation and economic uncertainty. With this change and unpredi...
Glenmark, Strides Pharma, Cipla recall products in the US due to manufacturing issues
The Drug Suppliers for Glenmark, Strides Pharma and Cipla are recalling products in the Globally vast market (U.S) as there was production issues. As the per the Survey done by US Food and Drug Administration, they submitted a report stating that Glenmark Pharmaceuticals Inc based on New Jersey i...
Global Live Biotherapeutic Products and Microbiome Contract Manufacturing Market by Product, Type of Fermentation, Dosage Forms, Clinical Phases, Disease Indication, Services, End User and Region
The amount of development witnessed by medical science in the time span of previous several years is tremendous. Necessity is mother of invention and this is the primary reason, why evolution of new drugs and therapies remains dynamic. Owing to their effectiveness, the drugs or medicines made fro...
Global Robotic Process Automation in Manufacturing Market by Offering, Deployment, Organization Size, Platform, Department, Application and Region
Robotics is a complex technology that been revolutionizing almost every industry by helping them get their existing processes in order. While the growth of most of the industries is being boosted by use of robotics, the
Additive manufacturing, for example, can be a useful technique for combating the climate change challenge. According to a leading expert in Abu Dhabi, developing technology can ensure aeroplanes are energy efficient and reduce CO2 emissions by 50%. Additive manufacturing, according to D...
New additive manufacturing technology in the UAE is expected to reduce aircraft emissions by 50%
Global Contract Development and Manufacturing Organizations (CDMOs) Market
The global contract development and manufacturing organizations (CDMOs) market was valued at US$ 159.06 Bn in 2020 growing at a CAGR of 8% over the forecast period (2021 – 2029). The global contract development and manufacturing organizations (CDMOs) market is driven by the changing n...
Global Quantum Computing in Manufacturing Market to Grow at Promising 31.4% CAGR
Global quantum computing in manufacturing market was estimated to be US$ 54.59 million in 2020 and is anticipated to reach US$ 627.44 million by 2029, growing at an estimated CAGR of 31.4% over the forecast period. Rising usage of semiconductor chip fabrication in various industrial applications ...
Blockchain in Manufacturing Market was Valued at US$ 375.28 Mn in 2020
Absolute Markets Insights (AMI) reports a robust forecast for the blockchain in manufacturing market during the 2021-2029 period. In its newly released report, AMI anticipates the market will grow at 65.5% owing to growing focus on cost of production and energy efficiency along with convergence o...
JAPAN’S CORPORATE PROFITS GAIN 26.0% IN JAN-MARCH PERIOD
Highlights –
- Japan’s corporate profits gain 26.0% in Jan-March period.
- Strong recovery by the manufacturing sector led to the gains.
- The manufacturing sector posted a 63.2 percent expansion in pretax profits.
- Corporat...
CHINA’S INDUSTRIAL COMPANIES’ PROFITS ROSE 106 PERCENT
Highlights –
- China’s industrial companies’ profits rose 106 percent.
- The average growth rate over the past two years stood at 22.3 percent.
- Profits of the equipment and high-tech manufacturing sectors respectively jumped 9...
CHINA SEES INDUSTRIAL OUTPUT RISE BY 9.8 PERCENT IN APRIL
Highlights –
- China sees industrial output rise by 9.8 percent in April.
- China’s industrial output rose 20.3 percent year on year in the first four months of 2021.
- In April, the private sector's output increased 11.2 percent ...
INDIA’S FIRST 3D PRINTED HOUSE BUILT BY IIT-M STARTUP
HIGHLIGHTS
- Tvasta Manufacturing Solutions is an IIT - Madras startup.
- Tvasta Manufacturing Solutions has built India’s first 3D printed house.
- Construction has been carried out at 30% lesser cost than usual.
Tvasta M...
CHINA’S SERVICE SECTOR PMI ROSE IN MARCH AS FIRMS HIRE MORE WORKERS
Highlights –
- China’s service sector PMI rose in March as firms hire more workers.
- The PMI rose to 54.3, higher than 51.5 mark in February.
- Caixin’s composite manufacturing and services PMI also reportedly rose to 53.1 in M...
US MANUFACTURING SECTOR WITNESES ROBUST GROWTH IN MARCH
Highlights
• The report said the Purchasing Managers' Index (PMI) went up by 3.9 percentage points to 64.7 percent
• The March PMI indicates expansion in the overall economy for the 10th month in a row after shrinking in the months or March, April and May in 2020...
TAIWAN’S TSMC TO INVEST $100 BILLION TO EXPAND ITS MANUFACTURING CAPACITY
Highlights –
- Taiwan’s TSMC to invest $100 billion to expand its manufacturing capacity.
- Apple Inc. and Qualcomm Inc. mostly uses processor chips made by TSMC.
- The chip maker’s revenue was 18% higher in January-February per...
CHINA’S MANUFACTURING PMI FELL TO LOWEST LEVEL IN MARCH 2021
Highlights –
- China’s manufacturing PMI fell to lowest level in March 2021.
- Caixin/Markit reported the country’s manufacturing PMI to have dropped to 50.6 in March.
- Producer price inflation in February picked up to its high...
INDIA TO ALLOW ONLY APPROVED SOLAR PV MODELS AND MANUFACTURERS IN SOLAR ENERGY PRODUCTION
HIGHLIGHTS
- Indian Government is planning to reduce Chinese imports in Indian renewable energy sector.
- The government has announced a PLI scheme.
- The new scheme offers manufacturers in 10 sectors, including high-efficiency solar module secto...
JAPAN GOVT. POSTED OCT-DEC CORPORATE PROFITS TO BOUNCE BACK
Highlights –
- Japan govt. posted Oct-Dec corporate profits to bounce back.
- Pretax profits of domestic companies were down just 0.7 percent from a year earlier.
- The pace of decline slowed down significantly compared to a 28.4 percent tu...
TATA CHAIRMAN SAYS NEED TO BUILD ELECTRONICS MANUFACTURING ECOSYSTEM
HIGHLIGHTS
- Tata Chairman N Chandrasekaran intends to build electronics manufacturing ecosystem in India.
- In device manufacturing, Tata Group wishes to focus on medical devices.
- Diagnostics will be another focus area for Chandrasekaran. ...