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Federal Gov’t mark milestone in sovereign missile and munitions manufacturing

Manufacturer's Monthly

The forge is set to produce 15,000 rounds each year by 2028, with capacity to produce up to 100,000 for global consumption. They also form part of the 2024 Australian GWEO Plan, the Government’s blueprint to build Defence’s GWEO stocks, strengthen supply chains and support a domestic manufacturing capability over the decade.

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Global cobot market revenues exceed $1B in 2023; further growth expected until 2028

Automation Mag

The firm predicts that the global market for cobots will see a 22 percent increase in shipments during 2024 and anticipates similar levels of growth (more than 20 percent) each year through to 2028. percent in 2023, despite a challenging year for manufacturing, tough economic conditions, and supply chain issues.

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Connektica raises $3M in funding to accelerate the deployment of its manufacturing execution platform

Canadian Manufacturing

Connektica says it is ready to accelerate its commercial expansion with a goal of serving 100 SME customers and achieving $3 million CAD in recurring revenue by 2028. Jrmy Perrin adds: “Weve seen companies develop a competitive advantage by internalizing their supply chain.

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New TAS advanced manufacturing action plan

Manufacturer's Monthly

Image: Quality Stock Arts/stock.adobe.com Premier and minister for Trade and Major Investment, Jeremy Rockliff, has released the Advanced Manufacturing Action Plan 2028 to take the Tasmania ‘s $2 billion Advanced Manufacturing industry to the next level.

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Interact Analysis predicts strong global cobot market growth

Robotics Business Review

Global cobot market revenues are set to increase at >20% a year from 2024 to 2028. Looking to the future, the market intelligence specialist predicts the global market for cobots will see a 22% increase in shipments during 2024 and anticipates similar levels of growth (>20%) each year through 2028.

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Industrial robot shipments exceed 500,000 units in 2023

Robotics Business Review

per year between 2024 and 2028. The average price per unit of an industrial robot is on a downward trajectory, following a rise for two consecutive years, and we expect a price decline of around 3% per year between 2024 and 2028. per year between 2024 and 2028. The industrial robot market is expected to grow by ~3.7%

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Honda announces a nearly $15B investment in Ont., plans to build an EV supply chain

Canadian Manufacturing

ALLISTON — The Prime Minister, Justin Trudeau, and the Premier of Ontario, Doug Ford, welcomed Honda Canada’s milestone investment of approximately $15 billion to create Canada’s first comprehensive electric vehicle supply chain, located in Ontario. This large-scale project will see four new manufacturing plants in Ontario.