Japan's Machine Tool Orders Slip Again in August 2024

Japan's machine tool orders fell for the second consecutive month in August, according to the latest JMTBA data. The total value of orders placed in August stood at 110.770 billion…

Toyota's Move Could Reshape the Steel Market

The hot-rolled steel market, once stable, is now facing a potential decline. Toyota's recent price cut on automotive steel has sparked concerns.

Thailand's Auto Production Plunges 20% in August 2023

Thailand's automotive production experienced a substantial decline in August 2024, with a total of 119,680 units produced—a 20.56% decrease compared to the same month in 2023.

YG-1 Launches ‘Dream Drill X’ with Advanced RCH-Coating Technology increase in tool life is 20% to 50% longer, Redefining Durability and Efficiency in High-Demand Drilling Applications

Chonburi Leads with the Highest Number of Industrial Factories in July 2024

New factories were licensed in July 2024, totaled 186 factories. Chonburi was the province where 21 new factories opened, the largest number with the total capital of 1,881.82 mill…

Japan's Machine Tool Orders Dip in July, Thailand Sees Significant Drop

The JMTBA has reported a slight decline in global orders for Japanese machine tools in July 2024. Total orders reached 123.942 billion yen ($843.86 million), marking a 7.4% decreas…

Thailand Car Production Drops 16.62% in July 2024 Due to Domestic Car Sales Crash

Thailand's vehicle production in July 2024 reached 124,829 units, a 16.62% drop year-on-year. This was primarily caused by a 40.85% decrease in domestic sales.

YG-1 Launches Prime Tap X-Coating line of High Performance HSS-PM Taps

YG-1 Launches Prime Tap X-Coating line for high performance tapping across a range of ductile materials including carbon and alloy steels, ductile irons, aluminum, and stainless st…

Japan's R&D Spending Hits New High Toyota Leads

Japanese companies have significantly increased their research and development (R&D) spending for the 15th consecutive year. Toyota Motor Corporation has maintained its position as…

DigiKey and Schneider Electric to Host Webinar on Wireless Pushbutton Technology in Manufacturing

THIEF RIVER FALLS, Minnesota, USA - DigiKey, a leading global commerce distributor offering the largest selection of technical components and automation products in stock for immed…

Toyota Freezes Parts Prices to Ease Supplier Burden

Toyota has decided to keep prices unchanged for parts procurement in the second half of the 2024 fiscal year, including for large-scale suppliers, to alleviate the burden of risin…

Japan Machine Tool Orders: June 2024

The Japan Machine Tool Builders' Association (JMTBA) has reported that global orders for Japanese machine tools in June 2024 totaled 133.82 billion yen (US$909.95 million), a 7.5% …

Car Certification Fraud Exposes Industry Systemic Issues

Fraud in automobile-type approvals applications is sending ripples through the industry. The incident, which began at Daihatsu Motor has spread to five domestic passenger car manuf…

DigiKey Expands Supplier Portfolio and Introduces More Than 340,000 Innovative New Products in the First Half of 2024

DigiKey introduces over 150 new suppliers and more than 340,000 innovative new products across its core business in the first two quarters of 2024.

Okuma Thailand Invites to Enhance Production Efficiency at the LUNCH & LEARN 5-AXIS MACHINING CENTERS SEMINAR 2024

Okuma Techno (Thailand) Ltd., in collaboration with its partners, is hosting the “LUNCH & LEARN 5-AXIS MACHINING CENTERS SEMINAR 2024” from July 25-26, 2024, at the company's headq…

Thailand Car Production Drops 16.19% in June 2024 Due to Decrease in Domestic Sales Production

Thailand's vehicle production in June 2024 totaled 116,289 units, marking a 20.11% decline from the previous year and a 7.82% drop from May. The main factor was a significant reduc…

TAKAMAZ PRIVATE SHOW 2024 Spotlights “Energy Saving” Trend, Aiding Metal Component Manufacturers in Achieving Carbon Neutrality

TAKAMAZ PRIVATE SHOW 2024 to promote the “Energy Saving” trend among metal component manufacturers and launches the new XWG-3 CNC lathe, designed to support carbon neutrality and i…

Japan's Construction Industry Embraces Wood for a Sustainable and Carbon-Neutral Future

CLT is fireproof, earthquake-resistant, and highly durable, contributing to decarbonization. The use of wooden construction and wood-based buildings is rising in the non-residentia…

Gartner Forecasts Worldwide AI Chips Revenue to Grow 33% in 2024

Revenue from AI semiconductors globally is expected to total $71 billion in 2024, an increase of 33% from 2023, according to the latest forecast from Gartner, Inc.

Chonburi Leads with the Highest Number of Industrial Factories in May 2024

New factories were licensed in May 2024, totaled 171 factories. Chonburi was the province where 23 new factories opened, the largest number with the total capital of 2,638.07 mill…