In Focus |
Indian Tooling Industry:
Time to make room for improvement
The tooling industry plays a critical role in the manufacturing value chain
by providing dies and moulds needed for mass production of various parts. It thus forms the backbone of industrial growth. As per the latest estimates, the market size of the Indian tooling industry stands at ~INR 15,000 crore, with more
than half of the total demand attributed to the automotive and auto components sectors. Most major global auto manufacturing hubs have a strong domestic tooling industry with India being a notable exception, where a significant portion of tool
demand is still met via imports.
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Management Mantra
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How to take stock of your inventory?
Inventory is the term used for the goods available
for sale and raw materials used to produce goods available for sale. Inventory also includes spare parts, packing materials tools & gauges
and every material, which contributes towards the manufacturing of goods and packing of the end product till it is in finished condition.
It is generally categorized under raw and packaging materials, semi-finished, goods in work-in-progress condition, finished goods, inventories in transit and
consignment inventory.
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Opinions & More
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The Indian market is developing rapidly
The Indian industry is growing and the
latest trends and developments suggest
that Industry 4.0 is denitely taking over.
But is the industry ready to face it? TopSolid,
with its state-of-the-art range of products,
is set to help the Indian industry transition
to the phenomenon that is set to change
the face of the manufacturing landscape,
say Richard Lamure, CEO, and Arnaud
de Boisboissel, Business Unit Manager
(Asia-Pacific) TopSolid.
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The roadmap for India to become
the global manufacturing hub is
already set
Economists have estimated that it would take a couple
of years to reach the pre-COVID economic status, but
with the current tempo, the Indian engineering industry
might arrive at that point in less than six months, says
Vivek Nanivadekar, Executive Director, FIBRO India
Precision Products Pvt. Ltd.
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Tech Focus |
Industry 4.0: Challenges and perspectives for the
factory of the future and intelligent machining
A concept First highlighted at the Industrial
Technology Fair in Hanover, Germany, in 2011,
Industry 4.0 is a reference to the first three industrial
revolutions.
The first industrial revolution took place in the
18th century after the invention of steam engines,
allowing mechanized production. The arrival of the
electricity grid led to the rise of the second industrial
revolution at the end of the 18th century. Finally, the
automation of production in the 20th century led to
the third revolution.
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Case Study
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CAMWorks Automates 3 Axis Mold Programming
Have you ever needed to programme a
complex 3 axis mold and wished there
was an easier, faster way? With CAMWorks
technology database or TechDB and
Tolerance Based Machining (TBM), complex molds
can often be programmed in less than 5 minutes!
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An all-round success:
Expert deburring and honing of rotors and stators
Autoliv Stakupress GmbH is impressive proof of how a new investment
and systematic optimization programme can massively improve
productivity. The Feintool fineblanking system installed in 2006
replaces two previous presses and has even increased annual output.
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Industry Updates |
- Ashok Leyland receives an order for 1400 ICVs from Procure Box
- thyssenkrupp inaugurates new engineering office in Pune
- SIAM convention charts roadmap to augment localisation and harness
export potential of the Indian auto industry
- HCL CAMWorks® announces partnership with CIMTechnology
- August 2020 U.S. Cutting Tool Orders Down 0.2% from July 2020
- Kubota’s best-selling MU4501 (45 HP tractor) to be Made in India
- DMG MORI focuses on green production of all machines worldwide
- New MM GRIT 22 Solid Carbide Groove Milling Heads
- New carbide inserts for productive and eficient steel turning
- Fast assistants for industrial production: the new SCARA robots from KUKA
- Save time and boost productivity with the new Seco Assistant app by
Seco Tools
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