Nano Dimension offers to acquire Stratasys to strengthen its metal additive manufacturing capability

Partnerships
Changan Auto, Ganfeng Lithium forge partnership to boost R&D of solid-state batteries
Changan Auto and Ganfeng Lithium cooperated to expedite solid-state battery research and development with the goal of industrialization. The relationship extends across the whole battery industry value chain, extending Changan’s leadership in intelligent, low-carbon mobility. Read More>>
Abu Dhabi’s added ties up with Siemens Energy for industrial sector decarbonization
The Department of Economic Development in Abu Dhabi worked with Siemens Energy to accelerate industrial sector decarbonization. Siemens Energy will supply carbon-removal technology, thereby boosting Abu Dhabi’s sustainability aims and industrial strategy. Read More>>
APS Industrial and EPLAN agency agreement
The partnership between APS Industrial and Eplan aimed to provide Australian manufacturers with efficient engineering design software tools, streamlining engineering processes, saving time, reducing errors, ensuring compliance, and facilitating digital transformation in the manufacturing industry. Read More>>

Center Setup and Expansion
Schneider Electric opens its largest U.S. manufacturing operation
Schneider Electric’s US$ 300 Mn investment in a new 160,000-square-foot manufacturing plant in El Paso demonstrates the company’s dedication to innovation and job creation. The factory, which will focus on custom-designed electrical goods, intends to become Schneider Electric’s largest U.S. manufacturing business, with the addition of 400 jobs. Read More>>
Trelleborg expands global reach with manufacturing facility in Vietnam
Trelleborg Group expanded with a new manufacturing plant in Vietnam to boost geographic presence, develop closer closeness to consumers, and make business decisions closer to customers for increased market and customer understanding. Read More>>
ZF to set up transmission manufacturing unit in Tamil Nadu
The German auto component manufacturer ZF Group is developing a gearbox and axle manufacturing operation in Coimbatore, Tamil Nadu. The 12,000-square-meter facility will support ZF’s growth and local production capabilities while also serving domestic and export markets. Read More>>

Mergers and Acquisitions
Nano Dimension proposes US$ 1.1 Bn acquisition of 3D printing rival Stratasys
With a proposed US$ 1.1 Bn acquisition of Stratasys, Nano Dimension hopes to change the 3D printing industry, signifying a strategic move to consolidate market position and demonstrate confidence in long-term value. Read More>>

Executive Movement
Arko names Robert Giammatteo as new CFO
Arko Corp appointed Robert Giammatteo as Executive Vice President and Chief Financial Officer. Robert Giammatteo has over 20 years of financial business expertise, most recently as EVP, CFO, and Chief Transformation Officer at Giant Eagle, as well as finance responsibilities at Ascena Retail Group and VF Corporation. Read More>>
Mitek appoints David Lyall as Chief Financial Officer
David Lyle has been named Chief Financial Officer of Mitek Systems. Lyle has 28 years of experience in the technology industry, including CFO jobs at Surgalign Spine Technologies, Airgen, Inc., Maxwell Technologies, and MaxLinear. Read More>>

New Product Development and Product Launch
Schaeffler expands its portfolio of bearing tools for industrial maintenance
Under the BETEX brand, Schaeffler increased its industrial maintenance product line with mechanical and hydraulic bearing tools. The product line comprises self-centering extractors for simple bearing mounting and dismounting, which improves precision, safety, and operational efficiency in industrial maintenance. Read More>>

• DS Smith creates 100% recycled packaging for Philips Home Appliances, reducing ink use by 65%, eliminating single-use plastics, and implementing Circular Design Metrics, all of which are in sync with the company’s Now & Next Sustainability Strategy.
• Avant-garde is introduced by DS Smith. “DS Smith Lift Up,” a trailblazing program that replaces plastic with cardboard in 1.5L PET multi-packs in Austrian supermarkets, saving 200 tons of plastic each year.
• DS Smith strengthens its innovation by focusing circular packaging, automation, and sustainable solutions in a collaborative endeavor that demonstrates DS Smith’s constant commitment to pioneering research and advanced technological exploration.
• DS Smith Packaging’s € 13 Mn (US$ 14.4 Mn) investment in the Ghimbav production plant marks a watershed moment in the Romanian market, boosting sustainability, increasing capacity by 20%, and increasing productivity by 2023, in concert with the company’s commitment to reaching Net Zero emissions by 2050.

• DS Smith plc is at the cutting edge of innovation, seamlessly integrating Internet of Things (IoT) technology with intelligent sensors and trackers, utilizing robotics for automated packaging lines, and leveraging the power of data analytics and artificial intelligence to revolutionize packaging, improve supply chain visibility, and elevate customer experiences. Service providers with extensive expertise in the aforementioned areas would have a better possibility to provide superior solutions to DS Smith plc.

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