Page 67 - Manufacturing Industry

Sundram Fasteners divests German subsidiary

Divesture of German subsidiary is a part of the company's plan to restructure its international businesses under a new subsidiary called Sundram International Ltd

GP Petroleums launches Spanish energy major Repsol's lubricants in India

With this move, which marks the entry of Repsol into the Indian energy sector, two companies aim to target the world's largest two wheeler automotive market

Fiem Industries forms JV with Japanese firm Kyowa for mould making

JV will help Fiem to drastically reduce the dependability on foreign mould manufacturer and shorten the development time for tooling

Steel Strips Wheels opens steel processing unit

Apart from captive consumption, the unit, with a monthly processing capacity of 20,000 tonne steel, will undertake steel processing work for other steel manufacturers

Travel luggage maker Samsonite to buy Tumi for $ 1.8 bn

The acquisition will expand the company's presence in the premium segment of the global business bags, travel luggage and accessories market, says Ramesh Tainwala, CEO, Samsonite

Prosthetic & therapeutic robotics market to reach $ 3.6 bn in 2025

While the large markets for the prosthetic robotics will reside in developed countries in Europe and the US, China will comprise nearly one-third of the total 2025 market, says Lux Research

Mahindra rolls out agri tractor Yuvo from Zaherabad plant

M&M, which invested over Rs 300 crores towards the development of this new platform, has launched the five agri specialist tractors in the 30-45 HP range

Minda acquires Panalfa Autoelektrik for Rs 45.5 crores

The acquisition will further help Minda to increase its penetration in aftermarket business of starter motors and alternator

Nurture agriculture to make 'Make in India' a reality

Keeping the rural youth engaged in fruitful employment (through investment in agri-related activities) is the only way to keep the wheels of economic rolling and realising the goals of Make in India i

Godrej buys US-based hair care firm Strength of Nature

The acquisition enables GCPL to create a strong platform for wet hair care products in Africa and to forge a stronger presence in the $ 1.8 billion global wet hair care category

Without a strong logistics sector, Make in India initiative will fall flat: P S S Prasad

In this interview, P S S Prasad, president, Apollo Logisolutions, emphasises on importance of logistics for the success of Make in India initiative and new opportunities in the logistics sector

HCL to acquire PLM specialist Geometric

The acquisition will strengthen HCL's presence significantly, in the PLM (product lifecycle management) consulting as well as mechanical and manufacturing engineering space

BHEL commissions 500 MW thermal unit in Maharashtra

With this, 9 coal-based sets aggregating to 3,340 MW, all supplied and commissioned by BHEL, are now operational at Chandrapur Super Thermal Power Project (STPP) in Maharashtra

Budget 2016: Looking out for the start-up community

While the road has been paved for a boom in start-ups and budding entrepreneurs, almost literally with the infrastructural development mentioned in the budget, there is a lot left to be desired

HIL Ltd wins JIPM's TPM award for Kondapalli unit

With this, HIL has become the only roofing company in India to win the TPM (Total Productivity Management) award, which is presented by Japan Institute of Plant Maintenance (JIPM)

SRF to set up pilot plant for next-gen refrigerant gas HFO 1234yf

With this, SRF becomes the first company outside US and Europe to develop and manufacture new generation HFO 1234yf using indigenous technology

Mahohar Parrikar flags off India's first indigenous composites sonar dome

The sonar dome has been designed by DRDO's lab based in Pune and produced by the Goa-based composites manufacturing company Kineco Ltd

Henkel India to provide solar power to villages in Maharashtra

This project, which is in line with the global Sustainability Strategy for 2030, aims to provide electricity to villages in Maharashtra by installing solar panels

Indian Oil awards wind energy project contract to Suzlon

The project, located in Rajasthan's Jaisalmer and Jodhpur districts, consists of 11 units of S97 120m all-steel hybrid tower and 12 units of S97 90m tubular tower with rated capacity of 2.1 MW each

Ikea inks pact to acquire surplus Rallis land in Navi Mumbai

Furniture maker is expected to pay about Rs 214 crores to Rallis for assignment of its leasehold rights