Manufacturing Financial News

Subscribe to enjoy similar stories. A deluge of cheap Chinese goods washing over the developing world is jacking up tensions between China and the Global South, complicating Beijing’s plans to build alliances as it confronts escalating trade tensions with the U.S. With President-elect Donald Trump saying he plans to significantly increase tariffs on China, Beijing is hoping to unload more of its excess factory production to developing-world countries, from Indonesia to Pakistan to Brazil.

Phillips Machine Tools (PMT) will launch a dedicated 3D materials division to address India’s lack of locally available high-tech consumables and raw materials, including titanium. The company has plans to secure an import license in the next six months and cater to the defence, aerospace, renewable, electronics, and, in certain aspects, the health tech market and clean energy sectors, the company’s Managing Director, Terrence Miranda, told ET. PMT is a fully owned subsidiary of the USA-based Phillips Corporation. “To obtain this license, you need to demonstrate capabilities, such as owning the necessary equipment and conducting R&D on it. India does not yet produce aerospace-grade titanium in the quantities or quality needed. For sectors like space and defence, this poses a significant challenge,” he said, adding that the company will incorporate it into its new 20,000 sq. ft facility in Chakan, Pune. PMT is working to source titanium from international markets, including the US and Germany, while also exploring regional exports to make it easier to procure.

Reinforcing its support for the ‘Make in India’ mission, the facility will serve as a key local sourcing hub within the Camfil Group. This will enhance its global supply chain efficiency and position Camfil India as a critical contributor to international markets. The new facility represents a significant enhancement in production capacity, particularly for high-efficiency filters used in Air Handling Units (AHUs). By increasing its capabilities, Camfil is poised to better serve industries with the most advanced air quality solutions for HVAC systems. As part of this expansion, Camfil India will also begin manufacturing minipleated HEPA filters, widely known as Megalams. These cutting-edge filters cater to critical pharmaceuticals, hospitals, and microelectronics sectors. Developed using proprietary equipment and scanning technologies designed in Camfil’s global R&D centres, the filters promise unparalleled performance, energy efficiency, and adherence to industry standards.

Subscribe to enjoy similar stories. Pat Gelsinger’s quest to save Intel has come to an abrupt end. Whoever runs the storied chip maker next is still going to have to pull off a heroic feat.

Subscribe to enjoy similar stories. Bengaluru: Of late, one corner of Chakan, an automobile and manufacturing hub, has been seeing a burst of construction activity. On crossing the factories and manufacturing plants of some of the world’s largest automakers, including Mercedes, Volkswagen and Mahindra & Mahindra, the New MIDC Road leads to a 100-acre site.

The issues were taken up at a meeting between Commerce and Industry Minister Piyush Goyal and Steel and Heavy Industries Minister H D Kumaraswamy. Officials said the steel ministry proposed a 25% safeguard duty on certain steel imports to check the influx of steel without payment of any customs duty or at low duty from the Asean nations under an existing Free Trade Agreement (FTA) with India amid Chinese companies setting up large steel manufacturing capacities in the region.

The U.S. Commerce Department has expanded the list of Chinese technology companies subject to export controls to include many that make equipment used to make computer chips

Subscribe to enjoy similar stories. Imagine we are on a game show where we’re given a choice of picking any one of three doors. Behind one door is a car, while the others hide one goat each.

“I was pretty dismayed by the IT being deployed in this industry. It was minimal a decade back,” said Vinnie Mehta, General Secretary of the Automotive Components Manufacturing Association of India (ACMA). “Then came the pandemic, and the entire industry transformed itself, and that was something wonderful to have happened,” Mehta added. Mehta said that everyone jumped onto the IT bandwagon in the industry almost overnight, to the point that ERP systems have now become integral to managing the entire value chain. “It is only fitting, given the fact that the whole automotive value chain contributes to around 7% of India’s GDP, and the auto component industry is half of that. Today, it is hard to envisage a manufacturing value chain without the ERP systems,” he said.

advanced manufacturing. Organized by the Geospatial World Chamber of Commerce in collaboration with Geospatial World, this summit brought together key stakeholders from government, industry, academia, and research to explore and amplify the geospatial and space sectors' potential for innovation, economic growth, and sustainability. With bilateral trade in geospatial and space technologies projected to grow from $2.5 billion in 2024 to $10 billion by 2030, the summit underscored how shared investments in technology, policy alignment, and manufacturing can accelerate global progress.

buy call on Allied Blenders & Distillers Ltd. with a target price of Rs 400. The current market price of Allied Blenders & Distillers Ltd. is Rs 335.8. Investment Rationale Allied Blenders and Distillers (ABD) is well positioned to capture premiumisation trend in alco-beverages industry via new product launches in P&A segment (ICONiQ White Whisky to double its volume YoY in FY25; launches in premium and luxury segments to drive realisation growth). Further, it has plans to drive profitable growth in Officer?s Choice Whisky by focus on improving state brand mix. Additionally, backward integration towards own ENA manufacturing, premiumisation and operating leverage may drive operating margin expansion (~170bps over FY25-27E). ICICI Securities' model revenue / EBITDA CAGR of 10%/30% over FY24-27E. Initiate coverage with BUY with a DCF-based target price of Rs 400. Key risks: (1) Potential ban or regulatory change in key states and (2) failure in scale-up of Prestige & Above (P&A) segment.

Nitin Raheja, Executive Director and Head of Discretionary Equities, Julius Baer Wealth Advisors, says after the Q2 GDP shocker, capex spending which has been just 25% of the budgeted amount should probably come into play over the next two quarters and the industrial pack, the infrastructure companies, the cement companies could start to gain more traction. That could be the contract trade to play because it is very difficult to bring consumption back on stream as fast. What is your view on some of these new exciting themes, green, clean, which will make companies very efficient in terms of energy dependency? Is it good to be in a green & clean theme? Nitin Raheja: The road ahead is going to be good for the kind of investment that is going into green energy and within that in solar and wind. My only concern is the kind of valuations that are currently existing in some of these stocks. Let us not forget that while these businesses are doing well, when you talk about things like solar panels, they are essentially commoditised businesses. Currently, thanks to tariff barriers that have been put in place by the US on China, we are seeing an opportunity for Indian exports. Now, that is good and that means that Indian companies should do well over the next few years.

Deepak Shenoy, Founder, Capital Mind, says 2008, or 2013 falls, apart from 2020, were much tougher times than this. While the 2024 crash has been a bad dream, the earlier crashes were nightmares. In 2024, we were down 10%, but we have come back up. The GDP numbers are problematic, but part of it had to do with the relatively slow recovery from the post-election result phase when you did not get as many capex orders. Is the nightmare over or will the nightmare come back again? How should long-term investors look at the last three months? Deepak Shenoy: It is an interesting thing that we call it a nightmare because it has been tough for people who perhaps have not seen steep falls in the index. But overall if you have seen 2008, or 2013, apart from 2020, those were tougher times than this, way tougher. While I would say this is a bad dream, those things would be nightmares. We were down 10%, we have come back up. The GDP numbers are problematic, but part of it had to do with the relatively slow recovery from the post-election result phase when you did not get as many capex orders.

Ambuja Cements shares will be in focus on Tuesday after the company announced a partnership with Finland-based technology and engineering firm Coolbrook. The partnership aligns with the company's goal of leveraging zero-carbon heating technology to decarbonize its cement manufacturing process.

Struggling chipmaker Intel says in a surprise announcement that CEO Pat Gelsinger has retired

make in India to sell in India', results have been disappointing. Between September 2020 and May 2022, defence-related FDI barely reached $65 mn, with no major JVs announced for the manufacture of complex weapon systems. In line with the 2020 revised FDI rules, GoI permitted foreign OEMs to bid for defence contracts through 74% majority-held JVs with local partners. GoI expected huge FDI inflows, and that foreign OEMs would set up JVs to manufacture and sell weapon systems. Hasn't happened. The challenge for foreign defence OEMs to manufacture here centres on three issues:

The improvement reported by the Institute for Supply Management (ISM) on Monday tracked similar increases in other sentiment surveys, which have risen on hopes of more business-friendly policies from the incoming Trump administration. Still, manufacturing is not out of the woods yet. ISM Manufacturing Business Survey Committee Chair Timothy Fiore noted that «production execution eased in November,» consistent with demand sluggishness and weak backlogs, and that suppliers continue to have capacity, with lead times improving but some product shortages reappearing.

GDP growth target of 6.5%-7%, the country's economic affairs secretary said on Monday. The government expects growth to accelerate in the second half of the year, Ajay Seth said. India's economic growth slowed much more than expected in the second quarter of the financial year, hampered by weaker expansion in manufacturing and consumption, likely adding pressure on the central bank for interest rate cuts.

Shares have started the week higher in Asia, led by gains in China as monthly surveys showed improving conditions for manufacturing

Dixon Technologies shares surged as much as 6.4% on Monday to Rs 16,819.45 on BSE after the electronics manufacturer said its wholly-owned unit, Padget Electronics, in partnership with Compal Smart Device India, has commenced mass production of Google Pixel smartphones. The company’s unit Padget Electronics is engaged in the business of manufacturing mobile phones and information technology (IT) hardware as its core business activity, and the said production of Google Pixel smartphones is set “to commence at the plant of Padget Electronics situated at Sector-68, Noida,” Dixon Technologies’ exchange filing said.

Subscribe to enjoy similar stories. Apple products say on the box “assembled in China," leaving the mystery of who did the assembling. Owners of a new iPad might be surprised to learn one of the answers: China’s biggest electric-vehicle maker.