A common engine plant for the Volkswagen, Skoda and Audi brands in India may start production by end-2014, with a final decision by year end. The location will likely be the Volkswagen Group's Chakan facility, in Maharashtra. Two top company officials told Business Line that the move will help the carmaker reduce costs and expand sales volumes by competing more aggressively with established players such as…

Since 2006, Walter Reis, founder of Reis Robotics, every two years presents the Walter Reis Innovation Award for Robotics at the AUTOMATICA International Trade Fair. This prestigious award for developments in the field of robot technology includes prize money of 5.000 € in total. With this innovation award for robot technology, Walter Reis intends to recognize and appreciate outstanding installations and…

PTI reported that Vedanta Aluminium acquired 24.5% stake for INR 200.70 crore in L&T promoted Raykal Aluminium that holds certain bauxite mining licenses in Orissa. In phases, Vedanta will fully acquire Raykal Aluminium for INR 1,811 crore. As per the filing made to the US Securities and Exchange Commission on May 31st by its sister firm Sterlite Industries the deal was signed on February 23rd this year, 2…

Business Standard reported that the first phase of the proposed six million tonne Greenfield steel project of TATA Steel at Kalinga Nagar in Jajpur district will be ready by March 2014. Mr HM Nerurkar said that “The first phase of the Kalinga Nagar project will be ready by March 2014”. Source - Business Standard

Elkem Foundry Products has joined Metal China 2012 during May 9-12 in Beijing, together with a series of activities. Metal China is among the largest/most influential foundry exhibitions in the world. Elkem Foundry Products division has a ever bigger and independent stand, conveying our image and showing the attention to China market. In the 3.5 days exhibition, Elkem had hundreds of visitors from both home…

On March 1st 2012, IMF Group celebrated their 40th year anniversary and there was another fiesta in Luino for about 300 guests from the industry, suppliers, politics and science in June 2012. The company was founded by President Gabriele Galante in 1972 and is now known all over the world for its high technological advancements and reputation with the most important foundry groups. IMF has greatly expanded…

Scrap metal thefts are helping drive sales of plastic alternatives to traditionally metal products among businesses and are also inducing many enterprises to improve security at their premises, according to workplace equipment provider HC Slingsby plc. Slingsby, which supplies more than 35,000 products to companies in all industries, has seen sales of its security-related products soar over the past 12…

The Metallurgy Litmash 2012 took place in late May in Moscow. Unfortunately, almost three weeks after the fair, we haven’t received any current visitor numbers but we assume that the figure is similar as in previous years with an estimated 7,000 trade visitors. All the major international suppliers presented their latest developments, particularly strong was Germany and Italy. The experts still discuss…

Salzgitter AG has signed a contract to acquire the Graz and Gratkorn based operations of Kovac Stahl, Graz Austria. Kovac Stahl, which has a workforce of around 130 employees, operates steel trading and steel service center activities at its various locations. With shipments of more than 40,000 tonnes, the company generated sales of approximately EUR 47 million in 2011. Salzgitter AG's Trading Division's…

According to China’s biggest auto dealer association, carmakers need to scale back their sales targets or sweeten incentives because the worsening glut of vehicles across the nation dealerships is unsustainable. Mr Luo Lei deputy secretary general of the state backed China Automobile Dealers Association said average inventory carried at Chinese dealerships bloated to a level exceeding two months of sales by…