fiscal

SICK continues to grow despite ‘challenging market’

May 1, 2020 by David Edwards Leave a Comment

Sensors giant SICK says its business has continued to grow despite a “challenging market environment”.

Group sales by the sensor producer increased by 7 percent to €1,750.7 million during the 2019 fiscal year (2018: €1,636.8 million).

Growth was considerably higher than the average for the sensor industry, estimated as having shrunk by 1 percent for 2019 by the AMA Association for Sensors and Measurement. [Read more…] about SICK continues to grow despite ‘challenging market’

Mitsubishi Electric launches new lift and escalator company in Laos

July 16, 2019 by Anna

Mitsubishi Electric Corporation has established MELCO Elevator Lao Sole Co., Ltd. (MLAO) to accelerate its lift and escalator business growth in the highly promising Mekong regional market.

The new company, which was established by Mitsubishi Elevator (Thailand) Co., Ltd. (MET), a Mitsubishi Electric subsidiary, began operations on July 1, 2019.

The new company is expected to strengthen Mitsubishi Electric’s sales of lifts and escalators as well as related provision of high-quality maintenance services.

Siemens says it wants to strengthen its position as a ‘digital company’

January 4, 2017 by Mark Allinson

Siemens is expanding its open platform “Siemens Cloud for Industry” to form the basis of new digital business models for industrial companies. The new Connector Box is a Simatic IPC-based cloud gateway that transmits machine and system data easily and securely to the Cloud.

One of the largest engineering companies in the world – famous for making humungous, physical things for the real world – is increasingly enthusiastic about the digital world

Siemens says it aims to achieve double-digit annual growth in digital business every year through to the next decade.

The company expects its software business, and its digital services and platforms to be the main growth drivers.

Its MindSphere cloud-based, open operating system was recently rolled out companywide, which has transformed many of the processes at Siemens. [Read more…] about Siemens says it wants to strengthen its position as a ‘digital company’