In today's fast-paced business landscape, the adage "time is money" has never been more pertinent.

Three of the biggest names in global technology have joined forces to highlight the ability of already-available 5G, artificial intelligence (AI) and automation solutions to transform manufacturing and improve productivity, efficiency, environmental impact and safety, while reducing costs.

Neste, LyondellBasell, Biofibre and Naftex have created a value chain to combine bio-based polymers with natural fiber for the manufacturing of construction elements. The combination of polymers with measurable bio-based content and natural fiber in construction elements creates  carbon storage  which can help tackle climate change. 

China elevator & escalator market was valued is USD 32,602.69 million in 2022 and is expected to rise at 6.78% CAGR during the forecast period.

Compressed air accounts for around 15% of energy consumption by industry around the globe. But it accounts for 70% of total expenditure on energy consumption. 

Valmet will deliver key technologies, automation and services to Naini Papers’ cooking and fiberline rebuild and new specialty paper machine PM 3 at their mill in Kashipur, India. The delivery will increase the mill’s capacity and support meeting the market demand of specialty coated paper. The delivery is scheduled for the first quarter 2025. 

Saab has today acquired BlueBear Systems Group Ltd based in the United Kingdom.

Slow-speed bearings, which in many plants are critical assets, can be very challenging to inspect. However, by using ultrasound technology, the inspection and condition monitoring of slow speed bearings is easier than one might think.

VTT is developing a cooling technology based on microelectronics and electric current, which can be utilised by low-temperature electronic and photonic components. The new technology reduces the size, power consumption and price of cooling systems. The method has a wide range of application fields: one topical example is quantum technology.

It’s time we weighed the overall cost of compressed air leaks, shifting the discussion from energy cost to asset accountability. Afterall, some of the largest and most important rotating assets in industry are air compressors.