Indian machine tool industry on the rise

India has been one of the buzzwords in the machine tool industry for the past month or so as a number of new investments have been announced. These investments include investment plans of at least eight international companies in the industry. According to a report by Indian business daily Business Standard, the US-headquartered MAG Industrial Automation Systems has set up a subsidiary, while Heller from Germany, and MAUS and Rosa Ermando from Italy,... 

Steel City … here we come

Scott Box wouldn’t mind if Murfreesboro acquired the nickname Steel City. That would mean the power tool and machinery manufacturing company he helped form and headquartered in Murfreesboro less than two years ago had made its mark in the competitive tool market. Steel City Tool Works, founded in 2005, is a privately held company with an investment group led by Box and Mark Strahler, both long-time executives in the machinery industry, who grew... 

S. Korean machinery exports forecast to grow 13.8 pct this year

South Korea’s machinery exports are expected to increase 13.8 percent this year, led by the continuos demand for chips, construction and shipbuilding equipment, a trade association said Thursday. According to the Korea Association of Machinery Industry (KOAMI), exports of machinery will amount to US$28.67 billion this year, while imports will increase 14.1 percent to reach $27.83 billion. The trade surplus from machinery exports will reach $843... 

Textile machinery import up 80 pc at euro 11.5 mn

Textile industry’s burgeoning capital goods imports to meet the growing business opportunity in the quota – free regime are reflected in the rising imports from UK in the last two years. Textile machinery import stood at euro 11.5 million in 2005-06, a 80% jump over the previous year, according to Mr Alan Little, director, British Textile Manufacturing Association (BTMA), an apex body for textile trade in UK. A strong player in synthetic...