Global textile machinery exports grow in 2006

President of Textile Machinery Branch of German Machinery and Equipment Manufacturers Association (VDMA) Wardman said in Beijing recently, the estimated value of the global textile machinery exports last year increased substantially to 13.4 billion Euros compared to the previous year. He said that China is the world’s largest textile machinery market, while India, Pakistan and South America market also represent a rapid growth. At the Beijing... 

Japan April machinery orders rise 2.2%

Japan’s machinery orders rose in April by 2.2%, seasonally adjusted, according to the Cabinet Office in Tokyo on Friday. The Cabinet Office data showed that demand from non-manufacturers had driven the growth, while there was weaker-than-expected demand from manufacturers due to weakness in the export markets. Core private sector machinery orders stood at ¥1.012 trillion. Demand from non-manufacturers was driven by domestic consumption growth... 

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,... 

Hitachi to Pay $400,000 Annually to Use Hawaiis Monkeypod Tree in Ads

Japanese electronics maker Hitachi Ltd. has agreed to pay $400,000 (euro310,000) a year to feature Moanalua Gardens’ giant monkeypod tree in its advertisements and corporate literature over the next decade. Hitachi, which makes televisions, appliances, cell phones and other electronics, has used the 50-foot-tree (15-meter-tree) known for its umbrella-shaped canopy as a corporate symbol since 1973. “Everyone in Japan knows this tree,”... 

Citizen forms equity and business alliance with Miyano

Citizen Machinery Co, a division of Citizen Watch Co, has formed an equity and business alliance with fellow Japanese company Miyano Machinery, following acquisition by Citizen of 29.9 per cent of the stock of Miyano. Citizen claims to be “clear world leader” in CNC sliding-head machine tool technology for material up to 32 mm bar size and Miyano, “clear leader” in high productivity fixed-head mill/turning in capacities between... 

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...