Results for: Manufacturing

E-Space, a telecommunications startup based in Saratoga, California and Beverly, Massachusetts, intends to establish its headquarters and manufacturing facility at Arlington Municipal Airport in Arlington, Texas. The company aims to build a 750,000-square-foot facility in the initial phase, creating an estimated 3,335 direct and indirect jobs over 30 years, with a projected $8 billion in salaries. E-Space plans to employ a minimum of 400 people in the first five years, with an average annual salary of $95,000. The Arlington Economic Development Corp. is expected to approve a master agreement with E-Space on April 23rd, providing up to $50 million in sales tax proceeds for construction.

Japan’s manufacturing sector is showing signs of recovery, as indicated by a business survey on Tuesday. The au Jibun Bank flash Japan manufacturing purchasing managers’ index (PMI) rose to 49.9 in April, nearing the break-even level of 50.0 that separates growth from contraction. While still below the threshold, it marks the closest the index has come to expansion since June. The service sector remains robust, with the au Jibun Bank flash services PMI rising to 54.6 in April, its highest level since May 2022. This acceleration in growth suggests that the service sector is the primary driver of the Japanese economy, which is the world’s fourth largest.

The global injection molding market is projected to grow at a CAGR of 4.14% during the forecast period, 2023-2027. The market is expected to witness steady growth due to the increasing demand for injection molded plastics across various industries, including packaging, healthcare, electrical and electronics. Key trends in the market include the adoption of advanced technologies and sustainable practices, as well as the growing demand for lightweight and durable components. The Asia Pacific region is expected to hold the largest share of the market throughout the forecast period.

HP Inc. and Indo-MIM have joined forces to meet the surging demand for high-precision metal parts produced through 3D printing. This partnership aims to revolutionize the metal parts manufacturing sector in India, fostering innovation and expanding its global presence.

India’s economy is undergoing a period of rapid transformation, driven by a combination of factors including increased foreign investment, a shift towards manufacturing, and the rise of a new generation of entrepreneurs. The country is becoming more open and pro-business, with the government implementing a range of reforms to make it easier to do business. This is leading to a surge in growth and innovation, with the emergence of new industries and technologies. The government is also playing a more proactive role in promoting economic development, with the introduction of policies such as the ‘Make in India’ campaign and the ‘Production-Linked Incentives’ scheme. These reforms are having a positive impact on the economy, with the Economist Intelligence Unit forecasting that India’s GDP will grow by 7.5% in 2023.