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ThyssenKrupp sells its elevator business for more than $17 billion

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Giant industrial conglomerate ThyssenKrupp says it has successfully completed the sale of its elevator business, marking a further important milestone in the transformation of the company.

The transaction closed after all the responsible authorities had approved the sale to a bidding consortium led by Advent International and Cinven.

ThyssenKrupp had reached an agreement with the consortium on the purchase of the elevator business earlier this year. With the closing, the company has received the contractually agreed purchase price, which was reported to be $17.2 billion. [Read more…] about ThyssenKrupp sells its elevator business for more than $17 billion

Circle K to build fully automated store in partnership with Standard Cognition

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Circle K, a large grocery chain in America, is to build a cashierless store in partnership with Standard Cognition.

Alimentation Couche-Tard, which operates close to 14,500 convenience stores worldwide, including the Circle K chain, has selected Standard Cognition to pilot touchless, autonomous checkout technology for its stores.

Together, the two companies will launch what they claim will be the world’s first convenience store retrofitted with artificial intelligence technology, located in the Phoenix, Arizona area, with other stores to follow. [Read more…] about Circle K to build fully automated store in partnership with Standard Cognition

Canada imposes tariffs on US goods in retaliation

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Canada is to impose tariffs on American imports in retaliation for the recent decision by the US to levy a 10 percent tax on Canadian aluminum imports.

Canada’s deputy prime minister Chrystia Freeland says that the tariffs would match the US taxes “dollar for dollar”, according to a story on Manufacturing.net.

President Donald Trump (main picture) has been expressing his dissatisfaction with the terms of the North American Free Trade Agreement since coming to office and at one point wanted to take America out of it. [Read more…] about Canada imposes tariffs on US goods in retaliation

German engineering companies losing massive market share due to subtle trade barriers

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German engineering companies are losing massive market share due to trade barriers around the world, according to a new report.

Globally its most successful sector, and represented by industry association VDMA, Germany’s engineering companies say they have lost between 70 and 100 percent of export markets in some countries.

The VDMA blames “egoism” and a climate of protectionism, according to Die Welt, which notes that subtle instruments such as localization initiatives and regulations, as well as the traditional blunt ones such as tariffs and subsidies, are being used to obligate companies to avoid buying from overseas machine builders. [Read more…] about German engineering companies losing massive market share due to subtle trade barriers

US demands Hong Kong-made goods be relabelled ‘Made in China’

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The United States government is calling for goods made or exported to the US from Hong Kong to be relabelled “Made in China”, according to a report on the South China Morning Post. 

The measure, to be introduced by US President Donald Trump, does not appear to need Congressional approval or any kind of vote.

It will mean that Hong Kong companies exporting to the US will be required to pay the same kind of punitive tariffs currently placed on goods arriving in America from mainland China. [Read more…] about US demands Hong Kong-made goods be relabelled ‘Made in China’

Japanese government to develop common standards for robots in workplaces

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The Japanese government is planning to develop common standards for robots in workplaces such as offices, shops and other environments where they would be working with humans, according to the Nikkei Asian Review.

The country’s industry ministry will lead the initiative and will establish a public-private partnership under the working name Robot Revolution & Industrial IoT Initiative, according to the Nikkei Asian Review.

The group will define common telecommunications standards as well as produce guidelines on creating object shapes that are easier for robots to grip, pick up, hold, move and so on. [Read more…] about Japanese government to develop common standards for robots in workplaces

Airbus adds new satellite to its SpaceDataHighway constellation

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Aerospace company Airbus has added a new satellite to its SpaceDataHighway constellation.

The company says its EDRS-C satellite, the second node of Airbus’ SpaceDataHighway constellation, has completed its commissioning tests and is now ready to start operational services.

Following its successful launch in August 2019 and manoeuvring to its geostationary orbital slot at 31 degrees east, in-orbit testing has been executed and laser communication links have been established to the Copernicus programme’s Sentinel Earth observation satellites. [Read more…] about Airbus adds new satellite to its SpaceDataHighway constellation

Airbus unveils autonomous helicopter

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Aerospace giant Airbus has unveiled an autonomous helicopter.

The prototype of Airbus Helicopters’ VSR700 unmanned aerial system has performed its first free flight. The VSR700 performed a 10-minute flight at a drone test centre near Aix-en-Provence in the south of France.

The company says this is a “significant step” in the programme following the first flight in November 2019 when the prototype was tethered to comply with regulatory requirements. [Read more…] about Airbus unveils autonomous helicopter

FedEx introduces robots to ‘most difficult’ job in sorting facility

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FedEx has installed industrial robotic arms to do what is considered the “most difficult” job to automate in a sorting facility in Memphis, USA. 

As shown in the Wall Street Journal video below, FedEx has integrated Yaskawa robots and software from Plus One Robotics into a robotic system that performs a task which involves picking up parcels or envelopes from a tray and placing them on a conveyor.

While this is a simple job for a human, automating this step in a warehouse has proved very difficult in the past. [Read more…] about FedEx introduces robots to ‘most difficult’ job in sorting facility

Boeing to build four more satellites for SES’ space internet

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US aerospace giant Boeing has received a contract to build four additional 702X satellites from SES as the “space internet” provider increases the number of O3b mPower satellites in its Medium Earth Orbit to 11.  

These four additional O3b mPower satellites will enhance SES’s next-generation MEO constellation throughput and efficiency as well as expand its unique capabilities to deliver connectivity services ranging from 50 Mbps to multiple gigabits per second to a single user.

The system will allow telecommunications companies, mobile network operators, governments, enterprises, aircraft and ship operators, and more, to connect with their core network or extend cloud access worldwide. [Read more…] about Boeing to build four more satellites for SES’ space internet

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