Tech Mahindra to Acquire Italian Car Design Company Pininfarina

Tech Mahindra Limited, a leading provider of IT, Networks and Engineering solutions and BPO services, and Mahindra & Mahindra, part of the global $ 16.9 billion Mahindra Group, have jointly entered into an agreement with Pincar S.r.l., to purchase a controlling stake in Pininfarina S.p.A., an iconic Italian brand in automotive and industrial design.
Pininfarina’s legendary brand status will allow Tech Mahindra powerful access to relationships the iconic designer has nurtured with the best in the world over its 85-year history, including with Ferrari, Alfa Romeo, Maserati and Peugeot. This will mean an opportunity for Tech Mahindra to influence product conceptualization and design & styling through Europe’s best-in-class design house.

About Pininfarina
Pininfarina S.p.A. is an independent Italian car design company, founded and run by the Pininfarina family since 1930. Over the years, Pininfarina has designed vehicles for world renowned manufacturers like Ferrari, Alfa Romeo, Peugeot, M&M, Fiat, GM, Lancia, Maserati and Hyundai, among others. Pininfarina S.p.A. has also designed high-speed trains, buses, trams, rolling stocks, automated light rail cars, people movers, yachts, airplanes, and private jets. In addition, Pininfarina consults on industrial design, interior design, architecture, and graphic design.
Where Customer eXperience determines the future of business, this acquisition will give Tech Mahindra a critical foothold in key, early-stage conversations in the automotive and other verticals. Tech Mahindra will also benefit from the designer’s focused presence in Italy and Germany, the hotbeds of European automotive manufacturing, as well as in the US and an emerging automotive market, China.
For Pininfarina, the acquisition will mean an ability to leverage Tech Mahindra’s presence across 90 countries and access to about 780 customers. Tech Mahindra’s global delivery model will lend Pininfarina a newly heightened scale to its operations.
Reinforcing Tech Mahindra’s vision of a world of Connected Solutions, this combine will enable a strong entry into automotive styling, exclusive vehicles design & development and reinforced body engineering capability. It also augments Tech Mahindra’s Transportation, Aerospace & Industrial Design offerings. The synergy will help the duo cross-sell and up-sell their services to existing clients and help attract new ones.


HURCO announces acquisition of two machine tool companies

Hurco Companies, Inc. (Nasdaq:HURC), a leader in the development and manufacture of machine tools with integrated control technologies for the worldwide metal cutting market, announced recently that, through a wholly-owned subsidiary, it acquired substantially all of the assets of U.S.-based Milltronics Manufacturing Company, Inc. d/b/a Milltronics CNC Machines (Milltronics). Founded in 1973, Milltronics designs and manufactures CNC knee mills, toolroom bed mills, vertical machining centers, combination lathes, slant-bed lathes, horizontal machining centers, and bed mills.
In addition, Hurco announced recently that its subsidiary Hurco Manufacturing Limited (Hurco Ltd.) entered into an agreement to acquire the business, technology, goodwill and operating assets of Takumi Machinery Co., Ltd., a Taiwanese company founded in 1988 (Takumi). Takumi designs and manufactures CNC vertical machining centers, double column machining centers, high speed bridge machines and other machine tools, with sales primarily in Taiwan, China and Europe. Subject to approval of the acquisition by the shareholders of Takumi at a meeting to be held before the end of July 2015, and to customary closing conditions, Hurco expects the closing of the acquisition to occur by the end of July 2015. Liberty Diversified International, Inc. (LDI) is the sole shareholder of Milltronics and the owner of approximately 98% of the outstanding shares of Takumi. LDI has agreed to cause the required Takumi shareholder approval to be obtained.
Mr. Gregory Volovic, President of Hurco, said:
“We believe these strategic acquisitions will significantly benefit global customers and Hurco. The Milltronics and Takumi machine tool brands are strong global brands for expansive machine tool product lines. Milltronics and Takumi have a combined customer base exceeding 18,000 installed machines throughout 30 countries. Hurco plans to continue to market the Hurco, Milltronics and Takumi branded machine tool products separately, given the distinguishing, unique values of each product line and brand. The Hurco, Milltronics and Takumi machine tool product lines should benefit from development of product enhancements, technologies and models due to the ability to leverage shared resources and cross-utilization of proven engineering designs. We believe these acquisitions will assist in our efforts to expand our global platform, particularly in strategic markets such as China and Latin America, and to achieve manufacturing cost reductions from economies of scale and manufacturing efficiencies.”

Mr. Volovic continued:
“Takumi and Milltronics machine tool products and end user markets are highly complementary to Hurco machine tool products and end user markets, in that approximately 60% of Milltronics and Takumi’s machine tool lines are unique, will expand our consolidated product range and customer base, and will accelerate emerging market penetration. For example, unlike Hurco and Milltronics machine tools, Takumi machines are equipped with industrial controls from Fanuc, Siemens, Mitsubishi or Heidenhain for high-volume manufacturing environments. The combined Hurco, Milltronics and Takumi businesses will represent one of the most comprehensive product portfolios in the machine tool industry, with more than 150 different models. We believe that these two acquisitions should be accretive to Hurco’s consolidated earnings in its 2016 fiscal year.”
Michael Doar, Chairman of the Board and CEO of Hurco Companies, Inc., stated:
“Since Hurco was founded in 1968, the cornerstone of the company has been its culture of innovation that focuses on consistent and continuous research and development. We are confident this culture will transfer to Milltronics and Takumi as they are both companies comprised of people who share our passion to advance the manufacturing industry through innovation. We look forward to working with Milltronics and Takumi employees and customers and sharing the success of our efforts with our shareholders.”

source:- Global News wire (Nasdaq)

Hyundai plans to invest 4.5k cr into new plant

NEW DELHI: Nearly two decades after setting foot in India, Korean car major Hyundai has decided to pump in fresh investment of over Rs 4,500 crore for a new factory to boost its production capacity to over a million vehicles.

Hyundai has been facing a capacity crunch at its existing facility near Chennai, but is now “close” to finalizing a new premises which will house the new factory. States lobbying with the Korean company include Gujarat, Rajasthan and Andhra Pradesh. The lobbying has been hectic after Hyundai Motor Group’s global chairman Chung Mong-koo said in May that the company is “reviewing” plans for a new factory in India. He had said this after meeting Prime Minister Narendra Modi at Seoul.

The company may be reluctant to expand around the existing location considering that it faced a lot of labour unrest there in the past.

source :- Times Of India (India Business)

Rolls-Royce, Liebherr-Aerospace Venture to Produce Gearboxes for Rolls-Royce

Rolls-Royce and Liebherr-Aerospace agreed to establish a joint venture to engineer and manufacture the power gearbox for Rolls-Royce’s new UltraFan™ engine. This venture will be co-owned, 50-50, by Rolls-Royce and Liebherr, and located at the latter’s aerospace parts manufacturing center in Friedrichshafen, Germany.


The UltraFan engine will introduce geared turbofan technology to the Rolls-Royce jet engine portfolio. In a geared turbofan engine, a gearbox between the fan and the low-pressure shaft allows the shaft to run at a higher rotational speed, thereby reducing the number of stages needed for the turbine and the compressor, which increases efficiency and reduces overall weight.
“The UltraFan engine design includes a suite of new technologies to power next-generation aircraft,” noted Tony Wood, president of Rolls-Royce Aerospace. “The power gearbox is an integral part of this new design, and we are delighted to be partnering with Liebherr on this highly efficient future power gearbox technology.
“There are already more than 100 engineers working on this project,” reported Dr. Rainer Hönig, managing director, Rolls-Royce Deutschland. “The new test-bed is taking shape and will be ready for testing to start in late 2016.”

Courtesy: – American Machinist

Gujarat government to start a single window system for SMEs: Anandiben Patel

Gujarat Chief Minister Anandiben Patel has announced to start a single window system to provide guidance to small and medium enterprise (SME) entrepreneurs in the state.
She also fixed the same regulations for the Gujarat Industrial Development Corporation (GIDC) estate in Gandhinagar while laying foundation stone for the Skill Development Center of the Federation of Industries and Associations (FIA).
This single window system commenced from June this year, this system would enable direct interaction between Gujarat state government as well as SME entrepreneurs,” said Patel.

As a part of this initiative, GIDC will also develop an online monitoring system enabling senior officials in Gandhinagar to keep track record of all the happenings of all GIDC plots across the state.
Series of meetings will be held to tackle major problems of all the industrialists who have their plants in various GIDC estates. Patel under chairmanship will hold these meetings with all the industrialists to meet their requirements.
Courtesy:- Entrepreneur

Australia to support India to reach its goal to upskill 500 million people by 2022

As India has its goal to upskill 500 million people by 2022, Australian Assistant Minister for Education and Training Simon Birmingham assured its support to country by providing trainers for different skill development so that India can reach its goal & also can fulfill the skill development challenges.

Birmingham even said that the meeting has helped build their bilateral skills relationship with India so they can seize emerging opportunities in both countries. He further added that international education is Australia’s most successful services export worth AUD 16.3 billion in 2013-14, and supporting around 130,000 jobs across Australia & the same support they can avail in India so that a huge number of job opportunities will show up in future.
“To achieve this, India must address significant challenges, particularly in ensuring that training produces skills that are globally relevant, and that there is a sufficient supply of highly skilled trainers to deliver this,” he added further.
Courtesy: – Entrepreneur

New CAM Release Increases Productivity & Automation – ESPRIT CAM 2015


The DP Technology Corp. released latest version of ESPRIT 2015.
According to DP Technology Corp, latest version of the ESPRIT CAM program will increase productivity for a range of machining applications by generating more efficient toolpaths, and save production time by providing substantial improvements in CNC programming productivity. The new release also includes further new features which provide improvements to established functions, specifically in the areas of intelligent machining, strategic machining, CAD-CAM data exchange, and Cloud-Enabled CAM.


The intelligent machining feature accelerate the machining by providing new 5 axis cycles which can reduce the cycle time drastically. The developer ever claims that complicated blades can be machined in a single set up itself.
ESPRIT 2015 offers unique features in five-axis to make complex machining more efficient, allowing users to have more tool path options with features like blade roughing and chamfering. ESPRIT 2015 blade roughing enables users to remove material down to uniform stock around the blade and eliminates the need to follow semi-finish cycles. Users in the aerospace, energy, medical and automotive industries will benefit the most from these time-saving operations for precision parts. Another intelligent machining improvement in ESPRIT 2015 is Port Roughing, a new five-axis cycle that creates a roughing operation to remove the materials inside an area where the tool must enter through a restricted opening. The shape of the toolpath is an offset of the port surfaces, starting at the surface and proceeding inward at a constant stepover.
The strategic machining capabilities of ESPRIT 2015 have been expanded with completely redesigned stock automation capabilities for multi-tasking machines with mill, turn and drill capabilities this toolpaths are available for the Facing, Contouring and Pocketing milling cycles & the new stock automation function maintains awareness of the stock removed by previous operations to generate cutting passes only in areas where stock remains. This function greatly reduces air cutting which in turn drastically reduces cycle time.


The new ESPRIT 2015 has data exchange features which make it easier to move information from a CAD system into the CAM environment. Three new geometry types — sketches, feature profiles and curves — are available now through ESPRIT FX data exchange feature. The additional information obtained from these geometry types can be manipulated to cover complex areas for roughing operations, or to extend surfaces to get a better finish on edges.

ESPRIT 2015 allows machine programmers to select tools based on the part features in minutes — saving task of flipping through catalogs to find ideal tooling. With the ESPRIT Machining Cloud Connection, programmers have access to complete and up-to-date tooling product data, cutting hours of programming time by eliminating manual tool creation.

Courtesy:- American Machinist

Taiwanese auto component companies looking forward to invest in Indian market.


As per the Taiwanese business delegation they are very much eager to explore the possiblity of cooperation in the auto sector of Indian market cause they believe that the new government of India has improved a lot under the leadership of our new prime minister Narendra Modi. And according to their plan very soon they are going to have a huge setup of manufacturing base related to IT, Electronic & Precision machinery parts for auto sector in India. This will lead our country to become an export hub to serve south east asia, Middle east & africa.

Taiwan’s Deputy Director General of the Department of Investment Services, Ministry of Economic Affairs Bennet Wen-Bin Chen also said that they have the capability to enter the indian market with a right partner. the delegation form Taiwan already visited auto hubs in indian major cities like Pune,Jamshedpur & bangalore. they also made visits to MNC companies lie tata, mahindar, volvo, toyata & honda.

Taiwanese companies are very strong in the field of auto segments such as electronics, Tire, accessories, precision tools ETC.

Bennet Wen-Bin Chen further said “We are very strong in electronic as we have an expertise for all kind of electronic products to be used by car as GPS. We are quite good in supplying the GPS related work. We are also looking in the auto accessories market, precision machineries to make auto parts. We supply all kind of machine tools.”


As per the records Taiwan had exported auto parts and automobile electronics worth $11.2 billion in 2013 and out of which only $35 million was exported to India, which occupies 0.32 per cent of the total share & if they set up their own manufacturing hubs in india. our manufacturing infrastructure will boom to a large extent.


REGO-FIX advanced tool holding

REGO-FIX introduces new innovations for effective tool locking and a one-of-a-kind retrofit through-coolant system for live tooling, quick tool changing, and a representation of the company’s ER System of collets and holders.

The new slip-proof intRlox mini clamping nuts from REGO-FIX feature a frontal milled slot on their outside diameter that mates to a corresponding wrench to prevent slippage during the tightening or loosening process. These new clamping nuts, that are suitable for the company’s sealing or cooling disks, have a special surface treatment for increased clamping force and a unique coating that prevents corrosion. intRlox is available in ER11,16 and 20 sizes for standard versions, and ER16 and 20 for coolant version. It offers improved operator safety due to slip-proof clamping, internal and external cooling, improved chip removal, reduced tool costs and improved productivity.


Rego-Fix intRlox

The company’s retrofit recool coolant-through system quickly and cost effectively brings the benefits of internal cooling to the live tooling used in CNC turning operations. Able to convert an existing tooling system to include through-coolant in as little as two minutes, recool is much more effective in getting coolant to the cutting edge than spray pipes or nozzles. It achieves standard speeds up to 12,000rpm and pressures up to 1,000psi. With reCool, live tools featuring external threads (ISO 15488/DIN 6499) can machine faster and last longer. The system also works in conjunction with REGO-FIX collets, sealing and coolant flush disks, milling cutters and drills with diameters from 0.098″ to 1.02″.


Fanucs new automation & machine monitoring technology

Fanuc Factory Automation has recently developed a new automation technology for CNC softwares. This technology can monitor the machine processes simultaneously which will protect the machine, its fixtures, and the parts. They named the  technology as Fanuc-Logo-EPS-vector-image“iLimitS” which will monitor spindle load, spindle speed, and coolant flow. If the program detects an abnormal process it displays a warning or an alarm will stop the process before damaging the machine.

iLimitS is integrated into the CNC machine itself,  it does not require any external PC. The monitoring function is established via parameter settings and can be activated by macro calls within the part program, so there will be flexibility for operators and programmers.

Moreover as  iLimitS is embedded into the CNC, no external sensors are required when using a Fanuc serial spindle interface but for analog spindles and coolant monitoring, external sensors can be added as per the requirement of the applications.

The The iLimitS CNC software option has its own user interface screens that are integrated into the CNC and provide access to all set-up and monitoring information.

Courtesy:- American Mechanist