New Welsh factory at risk as Jim Ratcliffe’s Ineos looks to make cars in France

  • Post author:

Billionaire industrialist Sir Jim Ratcliffe may abandon plans to build car plants in Wales and Portugal in favour of buying an existing factory in France in a move which could put 1,000 new jobs at risk. The Brexit-backing owner of Ineos has stalled work on the plants where the chemicals giant had planned to launch its car-making ambitions by building an heir to the Land Rover Defender, and may decide to scrap plans for the twin sites within weeks. Ineos had planned to develop a car plant in Portugal to begin making body parts for the “rugged, uncompromised off-roader” by…

Continue Reading New Welsh factory at risk as Jim Ratcliffe’s Ineos looks to make cars in France

IoT News – Connected Pumps with Analytics Capabilities are Expected to be the New Norm

  • Post author:

A large portion of pump OEMs’ growth will be driven by services in the next 5 years.Frost & Sullivan’s recent analysis, 2025 Vision: Future of Pumps in a Connected World, finds that an average of 50% to 60% of pump original equipment manufacturers’ (OEMs’) revenue is expected to be generated from services-related activities, such as real-time monitoring and reliability services.This will result in the pump industry transitioning from a product-based to a service-based model in the wake of Industrial Internet of Things (IIoT) in this digitalization era. Global pump revenue is estimated to reach $46.92 billion by 2025 from approximately…

Continue Reading IoT News – Connected Pumps with Analytics Capabilities are Expected to be the New Norm