It seems that the bail out package of CNY 4000 billion from the Chinese Government is starting to have some positive effect. For the first time since 4 months, car sales have increased in February by 25%. This may be the result of tax reduction on some models. Therefore, China is consolidating the first place in the world car markets, having reached during February a total sale of 827,600 vehicles,…

RIA Novosti citing Mr Vladimir Putin prime minister of Russia as saying that Russia's United Shipbuilding Corporation will build more than 1,000 civilian vessels in the next 20 years. Mr Vladimir Putin chaired a meeting in St. Petersburg on the development of the shipbuilding industry. He said the number includes 265 fishing vessels and 791 freighters. He added that Russian energy majors Gazprom and Rosneft…

Ferrous scrap buyers were able to buy shredded and heavy melting steel grades for several dollars per ton less in early May, but as the month ended the two month pause in pricing seemed about to end. According to the Raw Material Data Aggregation Service of Management Science Associates of Pittsburgh said that in the early May buying period, mill buyers were successful in obtaining shredded scrap for about…

It is reported that recycling is a booming industry even at the time when many other industrial sectors are finding it hard to survive. Precisely, recycling saves money, energy, environment and ultimately it helps the planet. A major challenge the recycling industry now facing is the lack of a benchmark pricing system for the scrap metals. Base metals futures have global benchmarks in NYMEX and LME, what…

A new facility to recycle waste materials generated by the aluminium smelting process into products used by other industries has signaled a new era in environmental sustainability. Minister for Sustainability, Environment, Water, Population and Communities, Mr Tony Burke was on site at Hydro Aluminium Kurri officially open the Spent Potliner Reprocessing Facility. The facility is a joint initiative between…

Hexagon Metrology announces today the signing of an Innovation Partnership contract renewal with Red Bull Technology which runs until the end of 2015. This contract consolidates the strong cooperation between the supplier of metrology solutions and Red Bull Technology. The Innovation Partnership means that aside from using production products from Hexagon Metrology, Red Bull Technology engineers are also…

Since the acquisition of ZPF GmbH from Siegelsbach in January 2022, FRECH ZPF has established itself as a key player in thermal process technology. The founding of the new company, headquartered in Schorndorf, marked a significant step in expanding the corporate portfolio and opening new markets within the foundry industry. The roots of today’s FRECH ZPF date back to 1993, when the former ZPF Therm…

In the dynamic world of foundry operations, where precision and efficiency are paramount, SIR Spa stands as a beacon of innovation and reliability. With a deep-rooted commitment to advancing the foundry industry, SIR Spa specializes in robotic automation solutions that promise to transform traditional practices into state-of-the-art processes. At the core of SIR Spa's offerings are their cutting-edge…

While the customs dispute with the US was in full swing, I heard about a start-up associated with the University of Applied Sciences in Kempten, Allgäu. With a specially developed app, machine builders in the export business can avoid customs duties on essential parts of their software in compliance with the law. That made me curious. The European mechanical and plant engineering industry is under…

To measure its emissions, optimise its process and move towards setting science-based emissions reduction targets, MAT Group’s EURAC foundry in Poole, UK is working closely with four of Norican’s global brands: Monitizer, DISA, Simpson and Wheelabrator. Norican signed up to the Science Based Targets initiative (SBTi) in 2021 and recently saw its carbon reduction targets validated by the SBTi. “Customer…