NEWS

For our visitors who seek the latest industry news and updates to keep abreast with the goings-on of the business on a global scale, Plant Automation Technology portal grants a dynamic and diverse feed of news items.

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Pankl Racing Systems AG Supervisory board approved building of a new factory for premium drivetrain components and systems. From April 2016 a new, self-contained 9,000 square metre production facility will be built in Kapfenberg. Facility will have a manufacturing area of 6,000 square metres. Capital expenditure will total 25 million…

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ANDRITZ HYDRO, part of international technology Group ANDRITZ, has received orders to refurbish two hydropower plants in New Zealand and Malawi. The total order value for the two hydropower stations is just over 50 million euros. Mighty River Power Ltd., New Zealand, placed an order with ANDRITZ HYDRO for design,…

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TT Electronics today announces the acquisition of Aero Stanrew Group Limited. The acquisition will enable TT Electronics to provide a wider range of solutions to customers in the aerospace and defence sectors.   Aero Stanrew, headquartered in Barnstaple, Devon, is a leader in the design and production of electromagnetic components…

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ANDRITZ Asselin-Thibeau, part of international technology Group ANDRITZ, has received an order from AUTOTECH Nonwovens, India, to supply a complete needlepunch line for flexible production of nonwovens for automotive, filtration, and coating substrate applications. It is the first complete needlepunch line to be supplied by ANDRITZ to India. Start-up of…

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ANDRITZ HYDRO, part of international technology Group ANDRITZ, has received contracts from Vietnam and South Korea to supply electromechanical equipment for hydropower stations with a total value of around 65 million euros. VNECO Hoi Xuan Investment and Electricity Construction has awarded ANDRITZ HYDRO an order for the design, delivery, installation,…

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European Union antitrust regulators on Monday approved Honeywell International Inc's $5.1 billion purchase of Elster Group, the utility consumption metering business of Britain's Melrose Industries Plc, subject to conditions. In July, Honeywell agreed to buy Elster, the U.S. group's largest purchase in more than a decade. The European Commission said…

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FANUC America Corporation, the leading supplier of robotics, CNCs, and factory automation announced that its parent company, FANUC CORPORATION, has set a new world record for production of over 400,000 robots . “Over the last several years, there’s been an increasing global demand to implement the latest technologies in factories,”…

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Open Systems International, Inc. (OSI) has been awarded a contract by iconic Australian company Snowy Hydro Limited (Snowy Hydro) to implement a new advanced SCADA and Generation Management system based on OSI's monarch™ (Multi-platform Open Network ARCHitecture) platform. Snowy Hydro is an electricity generation and retailing company in Australia that…

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General Electric Co. says it is postponing a decision until next month about whether it will move its headquarters from Fairfield, Conn. The corporate giant had previously said it planned to decide by the end of 2015 whether to leave Connecticut. About 800 employees are located at the headquarters. A…

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Toshiba Corp. is likely to post a net loss of roughly ¥500 billion ($4.1 billion) in the current fiscal year because of heavy restructuring costs after an accounting scandal, a person familiar with the matter said. Toshiba is set to disclose plans to restructure money-losing businesses Monday. The company’s unit…