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19 April, 2019

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September News in Brief

01 September, 2012

  SKF has marked its 100th anniversary in China by announcing a £66m investment to establish a new SKF Campus in Shanghai including a new automotive bearings factory, a global technical centre, and an SKF college. The 45,000m2 site will employ around 900 people by 2015. SKF already has 18 factories and more than 7,000 employees in China.

  The German connection technologies and automation manufacturer Wago has invested €8m in a 5,400m2 office building to accommodate more than 250 employees at its Minden headquarters. The new premises will house development and automation sales activities. Wago now employs 1,800 at Minden – nearly 800 more than in 2003. 

  Global demand for materials-handling equipment is forecast to grow by around 4% a year in the period to 2016, when it will be worth $123.6bn, according to a report from the market analyst Freedonia. The best opportunities will be in advanced equipment such as automated guided vehicles and conveyors. The fastest-growing markets will be India and China, while the US will remain the largest.

  The power supply manufacturer TDK-Lambda has opened a new European logistics and supply centre in Achem, Germany, which will hold €5m of stock. The 2,300m2 facility is 900m2 larger than the company’s previous premises. Last year, company supplied more than 8,000 customers with more than a million products.

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