With worldwide supply chain challenges impacting almost every aspect of our daily lives, the need for manufacturers to focus on driving efficiencies has never been greater. The rapid advancements in Artificial Intelligence (AI) and Internet of Things (IoT) have paved the way for transformative changes across industries. AI and IoT are already revolutionizing the manufacturing […]
Speira, a major aluminium producer in Europe, announced in March 2023 that it would close down its German facility in Rheinwerk this year due to high energy prices and market uncertainty. The company had already reduced the plant’s capacity by 50% in September 2022 in response to surging power prices. Speira plans to focus exclusively […]
The Ukraine-Russia geopolitical crisis has resulted in sanctions imposed by Western countries on Russia and has driven various effects on India’s trade. Both imports and exports from Russia have been negatively impacted. Still, specific sectors have greatly benefited from the situation, specifically raw materials that are crucial for Russian industry but have been sanctioned by […]
Introduction: Industry 4.0 is a broad term used to denote the large-scale digitalization in an industrial environment using new-age technologies related to Automation, Artificial Intelligence & Machine Learning. The aim of integrating Industry 4.0 is to avoid human intervention & improve system efficiency by eliminating the chance of human error, which may occur due to […]
The current landscape The industrial maintenance landscape is changing rapidly. Equipment is becoming more sophisticated and complex, making Maintenance more challenging. At the same time, there is a growing need for equipment reliability and availability, driving the demand for advanced Machine Health Monitoring Solutions. The industrial maintenance field is on the cusp of a transformative […]
The Indian EV market The Indian EV market has seen growth only in recent years. India has a projection to reduce carbon emissions by 1 billion tonnes by 2030. India also intends to reduce its oil import dependency. Hence the Indian government believes faster adoption and promotion of EVs will help achieve these goals. India […]
Globally we have witnessed some exciting trends in technology over the last few months. AI has been at its peak in terms of capabilities, applications as well as worries. RPA adoption and virtual and augmented realities have been growing at a stellar rate. Traditional IT areas like IT infrastructure and ERP are also increasing at […]
As a result of the current inflation surge, the aluminium industry is facing a crisis worldwide. Soaring global energy prices sharply limit the capacities of the geographies where smelting is viable. At its peak, aluminium prices were up 60 per cent. While they have since fallen from that peak, the industry is still in a […]
The most common use of aluminium packaging is- beverage cans. Aluminium cans are now globally viewed as a sustainable and safe packaging option by consumers and manufacturers alike. Not only are they environmentally friendly, but they keep the beverage safe. It is also 100 per cent recyclable. Introducing BPA-free aluminium cans has also stimulated using […]
The recently presented Union Budget for 2023 is said to be inclusive and development-oriented. Is that true for all sectors? The metal sector is overshadowed at a glance, for it was a lacklustre budget for the industry except for steel. Prior to the budget, the Federation of Indian Chambers of Commerce and Industry (FICCI) was […]