AGCO Corporation, a global leader in agricultural machinery, hosted the Association of Equipment Manufacturers’ (AEM) Manufacturing Express event at its headquarters in Duluth, Georgia. The event, which included Georgia Governor Brian Kemp, highlighted AGCO’s contributions to the US economy and its role in supporting farmers worldwide.
Srivaru Motors, a subsidiary of Nasdaq-listed Srivaru Holdings, is set to invest $8.5 million in expanding its Coimbatore manufacturing facility and developing new electric vehicle models. The company is also establishing a nationwide sales network and plans to invest $50 million by FY27 for international expansion and potential acquisitions.
Chinese electric vehicle manufacturer BYD is finalizing the location for its new manufacturing plant in Mexico, narrowing the selection down to three states. The company is currently evaluating various incentive proposals from each state, which include fiscal incentives, land offers, and infrastructure support. While the specific states have not been disclosed, the plant is expected to be centrally located in Mexico and have an initial production capacity of 150,000 units, eventually reaching 400,000 to 500,000 units.
Tamil Nadu’s Chief Minister M K Stalin inaugurated 19 projects worth ₹17,616 crore and laid the foundation for 28 more with a combined investment of ₹51,157 crore, creating over one lakh jobs. These projects, focused on green energy, manufacturing, and innovation, solidify Tamil Nadu’s position as a leading investment destination in India.
The global bandsaw machine market is poised for significant growth, projected to reach US$ 4.96 billion by 2034. This growth is fueled by the increasing demand for efficient cutting technologies, particularly in the automotive industry, where precise cuts are crucial. The rising adoption of automated bandsaw machines, coupled with advancements in manufacturing technology, is further driving market expansion. North America, East Asia, and Europe are anticipated to remain key regional markets in the coming years.
Apple is expanding its manufacturing presence in India with a fourth iPhone assembly unit, set to be operational in November. This new facility, established by Tata Electronics in Hosur, Tamil Nadu, will be the largest of its kind in India, generating over 50,000 jobs, primarily for women. The move aligns with Apple’s strategy to increase iPhone production in India, aiming for 10% of global manufacturing capacity by 2025-26.
Texas Instruments has secured a preliminary agreement for up to $1.6 billion in CHIPS and Science Act funding to support the construction of three new 300mm semiconductor wafer fabs in Texas and Utah. This investment will create over 2,000 new jobs at Texas Instruments and thousands of indirect jobs in supporting industries.
The ongoing political turmoil in Bangladesh presents both a potential opportunity and a challenge for India’s textile industry. While global brands may seek to diversify from Bangladesh, India needs to significantly increase its capacity and compete with other nations to capitalize on this shift. This article explores the potential impact on Indian textile exports and the challenges ahead.
Texas Instruments (TXN) is set to receive up to $1.6 billion in direct funding from the U.S. Department of Commerce through the CHIPS and Science Act, supporting the construction of three 300mm semiconductor wafer fabs in Texas and Utah. This investment will contribute to the company’s broader manufacturing expansion and generate thousands of new jobs.
Okuma Corporation, a global leader in CNC machine tools and automation systems, has announced significant leadership appointments designed to drive the company’s global expansion and innovation. Mr. Takeshi (Tad) Yamamoto has been appointed Chairman of Okuma America Corporation, while Mr. Jim King has been promoted to President, CEO, and COO of the company. These appointments highlight Okuma’s commitment to investing in its people and technology as it prepares for continued success in the manufacturing industry.
