1/29/2020 - Greenville, SC - Michelin has been ranked as the top tire manufacturer and third by Fortune magazine among the “World’s Most Admired Companies” in the Motor Vehicle Parts category for 2020, executives announced on January 27. In the annual listing from Fortune magazine, “World’s Most Admired Companies” are ranked based on an independent survey of executives, directors and analysts. Survey participants were asked to rate enterprises in their own industry on nine criteria, from investment value and quality of management and products to social responsibility and ability to attract talent. “At Michelin, we are passionate about bringing new solutions to the challenges of mobility, so that people everywhere—from massive urban cities to smaller communities—can experience the freedom of moving about affordably, efficiently and sustainably,” said ...
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1/29/2020 - Pune, India - The overall retread tires market worldwide was valued at $12.65 billion in 2018 and is set to grow with a 4.9 percent CAGR during the forecast period (2019-2027), according to Market Insights. The rising used car market worldwide and increasing commercial vehicle sales worldwide are the key growth drivers for the global tire retread industry. The global used car market is expected to expand with a CAGR of over 8 percent in the coming years. An approximate 500 million of retreaded tires were sold in 2018 and are expected to show an annual growth rate of about 5.5 percent. The growing market for tire replacements worldwide is also a major driver of growth for the company. Retread tires are 40-50 percent cheaper than new tires due to their continued high demand. Secure, environmentally friendly, long lasting and others are some...
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1/29/2020 - Newark, NJ - As per the report published by Fior Markets, the global automated material handling market is expected to grow from $29.8 billion in 2017 to $60.4 billion by 2025 at a CAGR of 9.2 percent during the forecast period 2018-2025. The key contributing factors for the market growth are a necessity for quality inspection and automation, improvement of vision-guided robotic systems, rising use and adoption of 3D automated material handling systems and growing demand for application-specific automated material handling systems. A substantial increase in the number of start-up companies that provide robotic solutions for warehouse automation, growing concern towards safety at the workplace and increasing labor cost and adoption of AMH equipment by leading industries are the factors fueling the automated material handling market. Automa...
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1/29/2020 - Grimsby, Ontario, Canada - Cimcorp, a manufacturer and integrator of turnkey robotic order fulfillment and tire-handling solutions, announced it has formed a new subsidiary, Cimcorp Iberia, S.L., based in Madrid to better serve the Spanish market. In establishing the new Madrid office, Cimcorp has also appointed Jarkko Hakkarainen as general manager of Cimcorp Iberia. “Our decision to expand our presence into Spain was a logical step at this point and supports our growth strategy,” commented Tero Peltomäki, executive vice president, operations and technology, Cimcorp. “We have a well-established customer base in Spain and our material handling systems are in high demand there.” In spring 2019, Cimcorp secured an order worth over EUR 120 million to automate the distribution of fresh food at four new distribution centers for the Spanish sup...
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1/29/2020 - Ballston, NY - Specialty Silicone Products (SSP), a growing manufacturer of silicone products and materials, has added another mixing mill and a new EMI extruder to its Ballston Spa, NY, facility. This new equipment will help SSP to meet high demand for silicone, especially aerospace materials. SSP’s recent investments also underscore its commitment to short lead times and on-time deliveries. The company’s silicone products and materials are used in automotive, aerospace, defense, medical device, satellite telecommunications, and many other demanding applications. SSP’s new mill from Rubber City Machinery Corporation is a clean, modern machine with more processing options. The addition of this 40” mill will allow SSP to boost daily production of specialized elastomers such as its military and aerospace silicones. The new mill also enables...
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1/28/2020 - New York, NY - The medical disposable market is anticipated to reach over USD 365.1 billion by 2026 according to a new research from www.marketstudyreport.com. In 2017, the drug delivery dominated the worldwide medical disposable industry. Asia-Pacific is anticipated to be the leading contributor to the global market revenue in 2017. The upward momentum of medical disposable in the hospitals, outpatient facility and other healthcare providers. The medical disposable market is primarily driven by increasing number of elderly populations, increasing need to limit the causes of infection, better performance, cost reliability, shelf life, and material. The reusable devices are considered to be relatively inexpensive in many different types, and increasing volume of production by the key players globally would also influence the market gr... (read more)

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