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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General Electric Co (GE.N) said on Monday it was cutting 262 more jobs at its Lufkin oil unit in Texas and closing a foundry as it grapples with the plunge in global oil prices. GE earlier this year said it planned to eliminate some 575 jobs from Lufkin, bringing the…

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Haydon Kerk Motion Solutions, a recognized leader in linear and rotary motion solutions, is pleased to introduce the Catalyst Motion Group as a supplier of integrated motion systems. Catalyst offers custom high-precision linear and rotary motion systems from the very simple to the very complex, and at any level of…

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Fluke Corp. is integrating its Raytek, Ircon, and Datapaq product lines into a new brand: Fluke Process Instruments. All three companies have been part of the Fluke Corporation portfolio for some time. “Fluke Process Instruments combines more than 125 years of experience in pioneering new technologies into one integrated company,”…

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Asia-Pacific region, which dominates the motion control industry with 41% market share, is expected to grow at the highest CAGR, says a new MarketsandMarkets report. The global motion control market is expected to grow from $ 14.79 billion in 2014 to $ 21.99 billion by 2020, at a CAGR of…

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Taiwan's industrial automation suppliers are notable beneficiaries of an aggressive global push to upgrade manufacturing, according to research by a U.S.-based brokerage. The brokerage firm said that Taiwan's industrial automation stocks have "retreated" since the second quarter of the year as macroeconomic weakness has resulted in softer sales, providing a…

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 Brazilian meat processor JBS is offering a 4.5 percent premium to buy a controlling stake in industrial automation manufacturer Scott Technology as part a capital raising to cut the Dunedin-based company's debt levels. JBS Australia, an existing Scott customer, has put forward an offer to merge with Scott via a…

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The government has received investment proposals totalling Rs 90,000 crore in the last two months for electronics manufacturing in the country, with significant interest in making mobile phones by local and foreign firms. "About Rs 90,000 crore worth of proposals were received in the last two months. There is hardly…

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Japanese robot maker Fanuc Corp. has strengthened a tie-up with an artificial-intelligence venture as part of its effort to develop industrial machines that can learn and repair themselves. Fanuc said Friday it plans to acquire a 6% stake in Preferred Networks Inc., a Tokyo-based startup that is also known as…

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Rotork Valvekits, the specialist valve mounting kit and valve accessory company in the Rotork flow control Group, reports a successful expansion of its operations in the USA. The announcement coincides with the launch of an upgraded website encompassing details of the company’s activities on both sides of the Atlantic. From…

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Greatoo Inc Says unit signs licensing agreement with Israel's Servotronix Automation Solutions for up to $4 million.   reuters.com