Robotics & Automation News

Where Innovation Meets Imagination

created

AGCO to expand manufacturing facility in France with €40 million investment

by

AGCO, an agricultural machinery giant, is to further expand its manufacturing site in Beauvais, France.

Martin Richenhagen, CEO of AGCO, made the announcement at the Choose France summit, led by French President Emmanuel Macron.

Richenhagen said: “We are delighted to keep our promise, made exactly one year ago at the Beauvais 3 Logistic Centre opening event, to announce the acquisition of the 15.7 hectares of the next door ex-Froneri Site, effective from 19th September 2019 to consolidate our presence in Beauvais. [Read more…] about AGCO to expand manufacturing facility in France with €40 million investment

Motors giant Nidec enters into $260 million joint venture with automaker PSA

by

Nidec, one of the world’s largest suppliers of motors and other industrial components, has entered into a joint venture with global automaker PSA Group.

The “Nidec-PSA emotors” joint venture has been created by Groupe PSA and Nidec to initiate the design of “future electric motors”.

Shigenobu Nagamori, CEO of Nidec, and Carlos Tavares, CEO of Groupe PSA, endorsed the establishment of Nidec-PSA emotors, saying the new business will be “dedicated to the design, development, manufacture and sale of electric traction motors”.  [Read more…] about Motors giant Nidec enters into $260 million joint venture with automaker PSA