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Fabric raises $110 million in new investment round backed by Kraft Heinz

February 26, 2020 by Sam Francis Leave a Comment

On-demand fulfillment services startup Fabric has raised an additional investment to its Series B round from Evolv Ventures, the investment arm of Kraft Heinz, one of the largest global food and beverage companies in the world.

Led by a team of food, startup, and venture capital veterans, Evolv Ventures is focused on strategic investments in emerging technologies across the food value chain.

Their undisclosed additional investment to the $110 million-dollar round is a resounding vote of confidence from a leading food tech investor and the iconic food company. [Read more…] about Fabric raises $110 million in new investment round backed by Kraft Heinz

Mitsubishi launches ‘smallest, most compact’ programmable logic controller

November 29, 2019 by Mai Tao Leave a Comment

Mitsubishi Electric has released the company’s smallest and most powerful compact programmable logic controller to date – the FX5UC series Premium Micro PLC.

The company says the new PLC’s diminutive size is set to help machine builders and manufacturers pack “ever more functionality into a smaller space”, while also providing the web access and network connectivity demanded by the latest smart factory applications.

Mitsubishi Electric launched its first range of micro controllers, the FX family of PLCs, over 35 years ago as part of the MELSEC-F series. [Read more…] about Mitsubishi launches ‘smallest, most compact’ programmable logic controller

Micrologistics startup Takeoff Technologies raises $25 million

September 18, 2019 by David Edwards

Takeoff Technologies has closed its Series C fundraising with an additional $25 million in investment for 5 percent of the company, with a valuation of $500 million, bringing the total funds raised to $86 million.

The Series C funding was led by Forrestal Capital. This funding is set to propel a rollout scale across North America, Europe and Australia.

Takeoff is at the forefront of microfulfillment as the first and only solution provider with several operating sites in partnership with major grocery retail chains. [Read more…] about Micrologistics startup Takeoff Technologies raises $25 million

Logic Supply launches ‘high-performance’ edge computing device

September 2, 2019 by David Edwards

Industrial and IoT computer hardware manufacturer Logic Supply has unveiled the Karbon 700 “high-performance rugged computer”.

Designed for reliability in challenging environments, Karbon 700 is intended for use as a data logger, NVR or edge device in heavy industrial, in-vehicle or remote installations in the manufacturing, physical security and energy management industries.

Murat Erdogan, Logic Supply VP of products, says: “The Edge continues to expand further out from the data center, placing increasingly challenging environmental demands on hardware. [Read more…] about Logic Supply launches ‘high-performance’ edge computing device

GM to invest additional $20 million in Texas plant

July 26, 2019 by Anna

General Motors is investing an additional $20 million at Arlington Assembly to upgrade plant conveyors in preparation for the launch of GM’s new SUVs.

GM has invested more than $1.4 billion in Arlington Assembly since 2015 to build a new paint shop and for body shop and general assembly area upgrades.

The new upgrades at Arlington are scheduled to be completed next year.

US footwear manufacturers call for Trump to end new China tariffs

May 21, 2019 by Sam Francis

More than 200 footwear manufacturers in the US have sent President Donald Trump an open letter calling for an end to what they call the “catastrophic” and “unfathomable” new tariffs on Chinese imports.

The companies include global and household names such as Adidas, Cat, Converse, K-Swiss, Nike, Puma, Ugg, and Under Armour, among many others.

The letter was sent under the auspices of the Footwear Distributors and Retailers of America, the leading industry association, representing a total of 500 companies and brands worldwide. [Read more…] about US footwear manufacturers call for Trump to end new China tariffs

Magna celebrates growing footprint in China with two grand opening events

May 16, 2019 by Anna

Magna held two grand opening ceremonies last month in China, for new factories in Changsha and Shanghai.

The new plant in Changsha, a joint venture with GAC subsidiary GAC Component Co., Ltd. (GAC Component), began production of composite liftgates for a global automaker’s crossover vehicle in late 2018.

Last month, Magna’s plant in Shanghai started production on active aerodynamic grille shutters for an American brand producing multiple vehicle platforms for the China market.

[Read more…]

Trump trade tariffs to hit $300 billion worth of Chinese goods

May 14, 2019 by Mai Tao

US President Donald Trump’s proposed increase in tariffs will hit $350 billion worth of goods imported from China, according to economic analysts.

Trump announced his intention to impose the additional tariffs recently in a tweet, but the US and China are currently locked in trade talks and there may be some modifications to the proposal.

The effects of his announcement, however, have been far-reaching, and are said to be the reason for the $1 trillion fall in share prices around the world.

[Read more…]

B&R software better utilises the potential of robots

April 30, 2019 by Anna

B&R Automation has added new functions to its mapp Motion software package. It is now possible to represent the structure of a complex machine intuitively in the configuration.

The various subsystems of a machine can be linked together. The movements of robots can be easily synchronised with gantry systems or workpiece tables with no additional programming.

The “Frame hierarchy” function can be used to represent the actual structure of a machine. Coordinate systems can be positioned at key points, such as the tool mounting flange.

[Read more…]

Toyota introduces station for the production and supply of hydrogen from renewable energy

April 25, 2019 by Anna

Toyota Motor Corporation (Toyota) has newly introduced ‘SimpleFuel’ to its Motomachi Plant in Toyota City, Aichi Prefecture, Japan.

SimpleFuel is a small water electrolysis-based machine for hydrogen generation and filling that can produce, store, and supply hydrogen by making use of electricity generated from solar power.

It uses electricity from solar panels at the plant site to produce low-carbon hydrogen from the electrolysis of water, which is then supplied to fuel-cell (FC) forklifts after it is compressed and pressurised.

[Read more…]