Industry News

UK Government to Fund for Autonomous Vehicles

The government of United Kingdom has declared to fund USD484 million for the development of autonomous vehicles

Huami Introduce AmazFit Pace Smartwatch in United States

Xiaomi Sub brand Huami launched GPS-enabled AmazFit Pace Smartwatch in the United States.

Eni S.p.A. to award USD2.5 billion Coral FLNG Project to Samsung Heavy Industries

The rising number of projects are expected to positively influence global LNG market during 2016 - 2025

Round Hill Acquires Nordic logistics for USD200 million

Round Hill buys Nordic logistics and its industrial portfolio for about $200 million

Automakers to Introduce New Regulations for Autonomous Vehicles

Tech giants and automakers are in talks with U.S. regulating authorities to change laws, governing autonomous vehicles

China’s LingLong introduced Smarthome Speaker DingDong

Linglong unveiled Smarthome speaker in answer to Amazon’s Echo & Google’s Home

Baytex is Planning to Buy Subdued Heavy Oil Assets Worth USD48.35 million.

The company would fund the acquisition through a USD74.43 million financing from private banks which would drive the demand for enhanced oil recovery market globally

Demand from Customers Driving the Innovation Portfolio for Chillers at Trane

Trane, a brand of Ingersoll Rand and a leading provider of indoor comfort solutions and services, has recently launched its Series R RTWD water-cooler chiller for commercial and industrial buildings in the North American and the Middle-East region.

Sasol Expands its Polypropylene Production Facility in South Africa

Sasol invests around USD70.41 million in its polypropylene expansion project to increase the production capacity by 1,03,000 tons per year

American Center for Mobility Expands their Autonomous Car Testing

American Center for Mobility Driverless, has initiated construction of car testing site of worth USD80 million

IBM Launches Global Watson Internet of Things Consulting Solutions

IBM has announced a new service to help better integrate its AI Watson into the Internet of Things (IoT).

Canada to Phase Out Traditional Coal Generation by 2030

The country aims to produce 90% electricity from sustainable resources

Philips is Undertaking City Wide Upgradation in Jakarta

Philips is undertaking citywide upgrade of Jakarta under which the company is replacing around 90,000 streetlights with LEDs.

Evonik to Expand Production Capacity of its ROHACELL® brand

Evonik Industries AG, invests in capacity expansion for its Performance Foams business in Germany

Global Rubber Industries acquires Leffler Industrial Tires & Kentucky Industrial Tire

GRI recently acquired Leffler Industrial Tires & Kentucky Industrial Tire based in United States to expand its distribution network

Crude Oil Prices Likely to Jump to USD55 per barrel

The increase in crude oil prices would significantly enhance the drilling and production activities resulting in the growth of Iran oilfield service market in the coming years

LG to Target Global Market with Launch of its Air Purifier Range

Korean Tech Giant, LG Electronics, has unveiled its new air purifier brand, PuriCare.

Biwater to Provide Water Treatment Systems for a GRIP Facility in California

Biwater International Limited to provide UF & RO systems for a new water treatment facility in Southern California in United States.

AAF Europe Acquires Dinair of Sweden

European subsidiary of AAF International acquired Dinair, a Sweden based air filter manufacturer

BMW partners with Vector to introduce special edition of Smartwatch

Vector Luna Smartwatch BMWi edition to get sync with car giants all-electric i3 & i8 motors.