New investors can no longer put money into the fund, but existing investors can still add to their holdings, with remaining capacity of around $300m-$500m, depending on market conditions. Investment Week understands GSAM is preparing to launch a Growth Markets fund later this year, which will provide exposure to similar growth regions. The fund is already listed in the group's prospectus, with a provisional…

Reuters reported that Japan Nissan Motor reported its first monthly decline in vehicle sales in China this year as the traditional summer lull coincided with reduced demand for foreign brands in the world's biggest car market. China once red hot car market is slowing under the weight of a cooling economy and is expected to post a single-digit growth rate in 2012 for a second year. The company said Nissan…

May 16th, 2013SpaceClaim and NovaCast Systems AB announce NovaMethod, a SpaceClaim-powered optional module for the NovaFlow&Solid CV family of efficient casting development tools Concord, MA and Ronneby, SWEDEN (PRWEB) May 15, 2013 SpaceClaim, the leading provider of flexible and affordable 3D modeling software for engineers, and NovaCast Systems AB, the developer of technical systems solutions for…

Mr.P.K.Ahammed, Chairman of Peekay Group has inaugurated the 3D Printing Facility of Peekay Steels at Bengaluru Airport City on 18-07-2022 in an elegant function in the presence of OEM customers from India and abroad. This 3D Sand Printing facility is first-of-its-kind in the world. This facility houses a production center as well as an experience zone to learn 3D printing & ideate for innovative solutions.…

Manila Standard Today reported that car sales rebounded with a 2.8% growth in September 2012, following a 1% slump in August 2012 amid heavy rains and floods in Metro Manila. The Chamber of Automotive Manufacturers of the Philippines Inc said that sales in September 2012 reached 12,856 units, up from 12,509 a year ago. It was also higher than 11,351 vehicles sold in July 2012. Mr Rommel Gutierrez president…

Automotive suppliers worldwide rely on the leading melting furnace technology from StrikoWestofen (Gummersbach, Germany) for the production of their cast parts. Now the owner-managed Polish foundry Lenaal (Radom) is operating a tilting aluminium melting and holding furnace of StrikoMelter MH II type. The technology was developed in Gummersbach, whereas production and delivery went via the StrikoWestofen…

3D printing is a technique to create 3D objects by placing layer over layer with the help of an additive material and a digital file (CAD). Initially, these models were limited to prototyping purpose but recently 3D printing has made a radical shift towards mainstream product manufacturing in industries ranging from aerospace to consumer products. Stereo Lithography (SLA) is the most primitive method for…

Rheinmetall Automotive AG, a first-tier automotive-industry supplier belonging to the Rheinmetall Group, is systematically expanding its activities to include new product categories outside the automotive industry. Through its Chinese joint venture HASCO KSPG Nonferrous Components Co., Ltd. (KPSNC), founded in 2001, the company has recently been awarded a contract to manufacture aluminum housings for the 5G…

Rio Tinto Alcan intends to close the Lynemouth aluminum smelter, subject to the completion of 90 day consultation process with employee and union representatives. The company is also in exclusive discussions regarding the potential sale of the power station at the site. The Lynemouth smelter in Northumberland, England opened in 1972. It employs 515 people and an additional 111 are employed at the power…

The $8.4-million project has been completed over two years to offer rolled product customers in the North American automotive and packaging industries a new sustainable supply solution combining low-carbon and recycled aluminium. The remelt furnace is equipped with highly efficient burners to minimize its carbon footprint. The project has created seven new jobs. Rio Tinto Aluminium managing director…