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Kuwait: Banking On Growth

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Kuwait is a country that has defied all odds to record a positive outcome economically than earlier anticipated. Only a couple of years Kuwait were at war after the Iraq invasion.

Additionally, in 2017 the country experienced a historic fall of oil prices are some of the things that many thought Kuwait had a long way to go before experiencing any visible change, but today it is a different narrative.

According to the Central Bank of Kuwait (CBK) Governor, Mohammad Y. Al-Hashel, the country economy is resilience and ability to overcome the challenging environment. [Read more…] about Kuwait: Banking On Growth

Indian government to replace sewage workers with robots by 2020

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An Indian company called GenRobotics has developed a range of robots to undertake work down manholes and in sewage environments, and has been receiving orders from a number of states in its home country as well as many places abroad. 

GenRobotics was launched in relatively quiet circumstances in 2015, but then, last year, the prime minister of India, Narendra Modi, was in attendance at the launch of the company’s second-generation robots.

Malaysia and the UAE are among the outside nations from which orders have been received for GenRobotics machines, and they join Indian states such as Tamil Nadu, in the south, and Haryana, in the north of the massive country of more than 1 billion people. [Read more…] about Indian government to replace sewage workers with robots by 2020

UPS upgrades European network with ‘highly automated’ Dutch superhub

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UPS has opened a new automated package sorting and delivery facility in Eindhoven, the Netherlands, aimed at facilitating cross-border trade and improving its package delivery service for businesses.

The 27,000 square metre superhub is equipped with advanced technology that can sort up to 29,000 packages per hour, with the potential to expand to 40,000 per hour.

“Superhubs like this one are game changers and drive our European transborder connectivity, especially in the tech corridor where Eindhoven sits, the fastest growing part of the country where speed and reliability count,” said Nando Cesarone, President, UPS International.

[Read more…] about UPS upgrades European network with ‘highly automated’ Dutch superhub

Europe construction and demolition robot market worth $60 million

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The European construction & demolition (C&D) robots market reached $58.58 million in 2018, representing the largest regional market in the world, according to a new report from Research and Markets.

The trend and outlook of Europe market are forecast in optimistic, balanced, and conservative views.

The balanced (most likely) projection is used to quantify Europe construction & demolition robots market in every aspect of the classification from perspectives of Product Type, Automation Degree, Robot Function, Application Vertical, and Country.

[Read more…] about Europe construction and demolition robot market worth $60 million

Trump announces tariffs on imports from Mexico

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After recently increasing the percentage of tariffs and applying them to a broader range of Chinese imports, US President Donald Trump has now imposed new tariffs on imports from Mexico. 

The proposed 5 percent tariff on all Mexican imports is yet to be made official, but Trump’s announcement has already caused concern across a range of sectors.

Trump said today on Twitter: “On June 10th, the United States will impose a 5% Tariff on all goods coming into our Country from Mexico, until such time as illegal migrants coming through Mexico, and into our Country, STOP. The Tariff will gradually increase until the Illegal Immigration problem is remedied, at which time the Tariffs will be removed. Details from the White House to follow.” [Read more…] about Trump announces tariffs on imports from Mexico

Universal Robots looks for opportunities created by Malaysia’s Industry4WRD program

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Universal Robots, a collaborative robots maker, has identified Malaysia as a key growth market in line with the country’s increased focus on automation and robotics, as outlined in its national policy on Industry 4.0, called “Industry4WRD”, to transform its manufacturing sector.

The manufacturing sector, comprising 98.5 percent of Malaysian SMEs, serves as a major contributor to the country’s economy. In 2018, the sector contributed 22.4 percent of GDP, roughly RM 325 billion.

Sakari Kuikka, general manager, Southeast Asia and Oceania at UR, says: “Malaysia deployed just 45 units of industrial robots per 10,000 employees in 2017, almost 50 percent below the global average of 85 units. [Read more…] about Universal Robots looks for opportunities created by Malaysia’s Industry4WRD program

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

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

Foxconn boss Terry Gou considers automating the entire population of Taiwan

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Foxconn boss Terry Gou has confirmed that he is considering running for president in Taiwan’s general election next year, according to the South China Morning Post.

“I will decide in the next two days whether to run for president,” Gou told reporters at a seminar in Taipei earlier today. “I hardly slept last night thinking of the future of Taiwan and its security issues.”

He added that the 2020 presidential election will be “extremely critical in determining Taiwan’s future in the next 20 years in the political, defense and economic sectors”.  [Read more…] about Foxconn boss Terry Gou considers automating the entire population of Taiwan

Hannover Messe: And Polska has won it!

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Poland is this year’s partner country for Hannover Messe, the world’s most influential industrial trade show. 

Last year’s partner country was USA, and President Barack Obama was the guest of honour. The year before that, it was India, and Prime Minister Narendra Modi, welcomed as usual by German Chancellor Angela Merkel.

So, following on from the one of the world’s most populous nations, and then the world’s most powerful, Poland and its leaders have a lot to live up to. [Read more…] about Hannover Messe: And Polska has won it!

Manufacturing: Apple considers making in India

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lockIndia’s significant presence at Hannover Messe in 2015 signalled the country’s renewed determination to reinvigorate its manufacturing base. And in the last couple of years, it has made significant progress with its ambitions. 

The government has been pouring money into the manufacturing sector, and encouraging foreign direct investment through a range of incentives, not least of which is more attention and action to facilitate the sector’s development through the upgrading of infrastructure and business practices.

One example of the country’s technological ambition is the KEF Industrial Park, which is shown in the video above. As one observer put it: “It is a mind-blowing set-up and only believable if you see it. They make everything at the factory. Even the bathrooms and rooms, and then transport it by road to the site. The interiors and wirings are done at the site.  [Read more…] about Manufacturing: Apple considers making in India