Robotics & Automation News

Market trends and business perspectives

Business

ATS Automation executives open stock market

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Senior executives from ATS Automation and the company’s business partners had the opportunity to open the stock market in Canada recently.

The executives included Andrew Hider, CEO, Ungad Chadda, senior vice president, head of enterprise corporate strategy and external affairs, TMX Group, a financial services company, opened the market to celebrate 25 years listed on Toronto Stock Exchange.

Founded in 1978, ATS is an automation solutions provider addressing the needs of multinational customers in markets such as life sciences, chemicals, consumer products, electronics, food, beverage, transportation, energy, and oil and gas.

ATS Automation Tooling Systems commenced trading on Toronto Stock Exchange on December 21, 1993.

Fosun acquires automation solutions provider FFT Group

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Fosun International Limited, one of the world’s leading family-focused multinational companies, has agreed to acquire FFT GmbH & Co. KGaA, a global provider of automated and flexible turn-key production systems.

FFT is to be acquired from ATON GmbH, a German family-owned private investment company, through the funds managed by the subsidiaries of Fosun International.

Founded in 1974 and headquartered in Fulda, Germany, FFT provides flexible automation turn-key solutions, customized engineering designs, and various smart factory solutions for renowned first-line original equipment makers (‘OEMs’) in Germany, the USA, Japan, China and other countries.

[Read more…] about Fosun acquires automation solutions provider FFT Group

Briefing – Robotics and Automation in Manufacturing: Making America create again

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In this article, Robotics and Automation News ponders on the prospects for, and recent history in, America’s manufacturing sector.

One of the main reasons Donald Trump won the US presidential election is because he pledged to revitalise the American manufacturing sector and bring back jobs that have been lost to other nations over the past couple of decades.

Some may argue that he’s done well so far, persuading big-name companies such as Apple and General Motors to increase their investment in manufacturing operations in the US rather than spend the money abroad.  [Read more…] about Briefing – Robotics and Automation in Manufacturing: Making America create again

ABB showcases vision of digital factory of the future at automatica

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ABB announced a new, intelligent design approach to its robotic solution portfolio at automatica 2018, which it says will provide customers with more flexibility and a better return on investment in automation.

The new approach will allow the portfolio to be easily tailored to a wider range of needs, both for today’s dynamic markets and future opportunities.

“The needs of our customers in all industries are changing and will continue to change. ABB is helping them prepare for the future,” said Sami Atiya, President of Robotics and Motion for ABB.

[Read more…] about ABB showcases vision of digital factory of the future at automatica

Opinion: Super-material graphene could lead to an electric vehicle breakthrough

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Electric vehicle manufacturers and battery makers have long been searching for the “holy grail” technology that could lower the cost of batteries while also extending their range.

Government research labs, venture capital, startups, and large corporations have all toyed with different ways to get to the promise land.

But one material is emerging as the most promising innovation to date that could actually lead to cheap, long-range and fast-charging electric vehicles: graphite.  [Read more…] about Opinion: Super-material graphene could lead to an electric vehicle breakthrough

Industry analysis: 8 technologies that will transform manufacturing

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Advisory firm ABI Research has listed what it regards as the most transformative technologies in manufacturing.

The company outlines how the technologies fit together with each other in its report Smart Manufacturing.

The eight transformative technologies the report highlights are:

  1. Additive manufacturing
  2. Artificial intelligence and machine learning
  3. Augmented reality
  4. Blockchain
  5. Digital twins
  6. Edge intelligence
  7. Industrial Internet of Things platforms
  8. Robotics

The manufacturing sector has already seen increased adoption of IIoT platforms and edge intelligence, says ABI.  [Read more…] about Industry analysis: 8 technologies that will transform manufacturing

Reko inaugurates new automation and innovation facility

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Reko International Group Inc. has opened its new state-of-the-art facility dedicated to the design, development, and build of innovative industrial automation solutions.

Reko Automation, a division of Reko International Group, will now operate out of their newly constructed 48,600 sq.ft. facility in Lakeshore, Ontario.

With three 150-foot long bays, 19-foot ceilings, and up to 30 metric tonne crane capacity, Reko Automation now has the infrastructure in place to deliver large scale, turn-key automation projects and Industry 4.0 solutions.

[Read more…] about Reko inaugurates new automation and innovation facility

Briefing – Investing: Robotics-related funds doing well on the markets

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In this article, Robotics and Automation News takes a look at the exchange-traded funds that are earning profits from investing in robotics, automation and artificial intelligence stocks.

This is not a financial advice article and we are not suggesting or recommending any investment funds, policies or ideas.

We are simply commenting on investment funds that we have noticed are doing well on the stock markets.  [Read more…] about Briefing – Investing: Robotics-related funds doing well on the markets

Denison Consulting Group offers power management for manufacturers

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Denison Consulting Group has launched a managed service to support how global manufacturers measure and manage energy and power quality.

U.S. manufacturers consume approximately 30 percent of the nation’s energy, and conservative estimates predict energy costs will rise over 70 percent by 2035.

Poor power quality is the reported cause of up to 70 percent of production disruptions and can cost manufacturers billions of dollars in downtime, lost production and inefficiencies.

[Read more…] about Denison Consulting Group offers power management for manufacturers

JOT Automation’s capital stock sold to Victory Precision

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JOT Automation has sold its capital stock sold to Victory Precision. The companies say this is a sign of their further development heading towards globalization, and prepares for the next “quantum leap”. 

Suzhou Victory Precision Manufacture Company, headquartered in Suzhou, China, purchased the entire capital stock of JOT Automation, with Finnish family company Head Invest as the main seller.

According to Petri Halonen, JOT Automation CEO, the additional engineering and production resources provided by Victory Precision will significantly help JOT to pursue the opportunities of the fast-developing market and modern technologies.  [Read more…] about JOT Automation’s capital stock sold to Victory Precision