tmrFebruary 13, 2021
Global Smart Factory Market: Overview
Smart factories have gained huge traction in the past couple of years owing to the increasing adoption of intelligence technologies in various industries including energy, mining, manufacturing, and petrochemicals. Increasing use of high-tech tools and high-tech machinery portrays a beautiful combination of manufacturing and technological developments. Another significant factor driving growth in the global
smart factory market is the industrial shift towards cyber world. In this, every component of value chain likely to be connected to ensure informed manufacturing with zero defects and no-time lags that will further augments demand in this market.
The report provides major drivers and restraints that influence growth in the global smart factory. These insights will benefit key stakeholder to get a complete knowledge about the market and crucial pointers that might affect in the growth of this market. In addition, geogr
Data Bridge Market Research has recently published the Global research Report Titled
Smart Factory Market The study provides an overview of current statistics and future predictions of the Smart Factory Market. The study highlights a detailed assessment of the Market and displays market sizing trends by revenue & volume (if applicable), current growth factors, expert opinions, facts, and industry validated market development data.
A variety of financial terms such as shares, cost, revenue, and profit margin have been included in this Smart Factory Market document to get a better understanding of different economic aspects of the businesses. This industry analysis report presents an actionable vision to key participants working on it. The report observes numerous in-depth, influential and inducing factors that outline the market and industry. Global Smart Factory Market report states that the global market is anticipated to expand significantly and is projected to reach million
Lotte Chemical Expands EOA Production Capacity in South Korea
South Korea: Smart Factory Lotte Chemical Expands EOA Production Capacity in South Korea
11.02.2021Editor: Ahlam Rais
Lotte Chemical has expanded its production line for EOA (Ethylene Oxide Adduct) at its manufacturing site in Yeosu, South Korea. The expansion has added 100,000 tons a year thus, bringing the company’s EOA production to 330,000 tons annually at the site. Related Companies (Source: Lotte Chemical)
South Korea – Lotte Chemical has expanded the production line for EOA (Ethylene Oxide Adduct), the specialty material for architecture, within its Yeosu Factory in South Korea.
EOA, produced based on ethylene, is an ingredient for concrete water-reducing agent that is used for the construction of large structures, such as skyscrapers, piers, and dams. Water usage is reduced by 30 % with the water
Siemens signs MoU with IISc, CMTI for digital transformation labs
February 08, 2021
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Labs to focus on the development of Industrial Internet of Things (IoT), Industry 4.0-enabled products & technologies Siemens Limited has signed two separate Memorandums of Understanding (MoU) with the Indian Institute of Science (IISc) and Central Manufacturing Technology Institute (CMTI) respectively to establish digital transformation labs.
The labs aim to enhance the expertise of researchers at IISc and the technical skills of professionals in the machine tool industry. The MoUs will focus on developing the Industrial Internet of Things (IoT) and Industry 4.0-enabled products and technologies.
The initiative is expected to benefit many research scholars, students and industry professionals across the machine tool industry in Bengaluru for three years. Particular emphasis will be given to equipping the labs with technologies, products and prototypes of emerging digital technologies su
Siemens inks pact with IISc, CMTI on development of industrial IoT, industry 4.0-enabled products and technologies
The company signed two separate Memorandums of Understanding with IISc and CMTI here.
“The MoUs will focus on development of Industrial Internet of Things and Industry 4.0-enabled products and technologies”, a Siemens release said.
Managing Director and Chief Executive Officer, Siemens Limited, Sunil Mathur, said: “With Digital transformation now a priority for industry, premier educational institutions such as IISc and CMTI have a crucial role to play in equipping researchers and professionals with cutting-edge technology and expertise.”
Head of Smart Factory at IISc and Chair of its Centre for Product Design and Manufacturing, Professor Amaresh Chakrabarti, said in order to provide exposure to the advanced software suite to the staff and students of IISc, Siemens has offered some of the best digitalisation tools and support to set up the lab.