Latest commodity prices: March 2023
Energy prices declined 7.3% in February, led by coal (-34.8%) and natural gas in the U.S. (-27.2%). Non-energy prices changed little as a group.
Food and beverage prices gained 1.0% and 5.2%, respectively, while raw materials eased 0.9%. Fertilizers fell 5.6%.
Unlocking Steer-by-Wire with Paragraf Sensors
Replacing mechanical systems within a car with electric systems is not a new concept in automotive design, as evidenced by power windows, electric seat adjustment and push-button ignition. A host of drive-by-wire systems currently in development are extending that to primary, operational automotive functions, employing circuitry to replace heavy, cumbersome mechanical and hydraulic systems. In particular, steer-by-wire has proven attractive for its design benefits and for its potential to enable Automated Emergency Steering (AES). This is where Paragraf’s sensors can help.
PLAST GROUP expands its Oradea site with a new performant technology
PLAST GROUP expands its Oradea site with a new performant technology to carry out the painting process in a sustainable and efficient way, massively reducing the environmental impact.
Plast Group, with headquarter in Italy, is a leading supplier of plastic components and injection molds able to meet the requirements of the most demanding markets, with more than 45 years of experience. In 2016, Plast Group decided to extend production in Oradea, Romania due to strategic beneficial logistic position.
Ford is adding LFP batteries to its EV line-up this year starting with Mustang Mach‑E
Ford will introduce lithium iron phosphate (LFP) batteries to the Mustang Mach-E line-up 1 in Europe this year, as part of the company’s commitment to making EVs more affordable and accessible to customers.
Ford has also announced it is investing $3.5 billion to build the first automaker-backed LFP battery plant in the U.S. – called BlueOval Battery Park Michigan – which will open in 2026.
BMW and Valeo engage in a strategic cooperation to co-develop next-generation Level 4 automated parking experience
BMW Group and Valeo are taking their long-existing relationship to the next level with a new partnership. After the major announcement of their collaboration for ADAS domain controller, sensors and software for parking and maneuvering for BMW's upcoming platform generation "Neue Klasse" (the next generation modular platform for the BMW vehicles), the BMW Group and Valeo announced their cooperation for the co-development of fully automated parking technologies up to Level 4 (fully automated driving/parking, with no supervision needed by the driver).
HELLA manufactures 500 millionth accelerator pedal sensor
HELLA, the automotive supplier operating under the FORVIA umbrella brand, has surpassed the mark of 500 million electronic accelerator pedal sensors. The first accelerator pedal sensors rolled off the assembly line more than 25 years ago. Accelerator pedal sensors detect the position of the pedal and transmit the corresponding command to accelerate or reduce engine power to the engine control unit.
Technology Expo & B2B Meetings will be held in May at CRAFT Timisoara
Technology Expo & B2B Meetings is a leading technology event which will take place between 03-04 May 2023 at CRAFT Timisoara.
The latest trends, new products and services are presented at Technology Expo & B2B Meetings.
Latest commodity prices: February 2023
Energy prices dropped 8.9% in January, led by natural gas in Europe (-44%) and coal (-16.1%). Non-energy prices gained 1.7%.
Food prices increased 0.4%. Beverage prices changed little while raw materials gained 1%.
Technology Expo Timisoara 2023
● 5G Technology and Internet of Things (IOT)
● Additive Manufacturing, 3D Printing
● Automation & Sensor Technology
● Carbon-neutral Production
● Cloud & Infrastructure
● Compressed Air & Vacuum
● Digital Energy & Energy Efficiency
● Digital Platforms
● Drive Technology
● E-Mobility & Charging Infrastructure
● Engineering & Office-Software
● Fluid Power
● Future of Work
● Handling & Assembly
● Hydrogen & Fuel Cells
● Industrial Internet
● IT Consulting
● IT Security
● Lightweight Design
● Linear Technology
● Logistics Automation
● Logistics IT
● Material Handling
● Metal Parts, Components & Solutions
● Plastics & Innovative Materials
● Process Automation
● Research & Development
● Trade & Invest
Continental and Ambarella partner on Assisted and Automated Driving Systems
At the beginning of 2023, technology company Continental and Ambarella, Inc., an edge AI semiconductor company, announced a strategic partnership. The two companies will jointly develop scalable, end-to-end hardware and software solutions based on artificial intelligence (AI), for assisted and automated driving (AD), on the way to autonomous mobility.
The partners are combining Continental's software and hardware expertise and broad portfolio of automotive system solutions with Ambarella's computer vision know-how, powerful SoCs and software modules.
Renault Group and PUNCH Torino sign a strategic partnership on low-emission diesel engines
Boulogne-Billancourt (France) and Turin (Italy), January 10, 2023 – Renault Group, and PUNCH Torino, a well-known center of excellence for propulsion systems and electronics, today announced the signature of a binding Memorandum of Understanding concerning their cooperation on Renault 4-cylinder diesel engines for light commercial vehicles.
Latest commodity prices: January 2023 (pdf)
Energy prices dropped 6.2% in December, led by crude oil (-10.7%). Non-energy prices gained 1.0%.
6-axis robots for injection molding open possibilities for manufacturers
Could robotics-led injection molding support the manufacture of medical devices? Here, Nigel Smith, CEO of industrial robot specialist TM Robotics, explains how advanced automation and robotics can help manufacturers produce medical innovations.
Latest commodity prices: December 2022
Energy prices dropped 4.5% in November, led by coal (-12.2%) and natural gas in Europe (-8.5%). Non-energy prices gained 0.7%.
Continental expands its Timisoara site with a 40 million EUR investment
Continental has announced the third expansion for its Timisoara plant since 2006, naming it a ‘Mega’ factory. German producer of solutions for the automotive industry Continental announced that it completed the expansion of the electronic components factory in western Romania, with an investment value of approximately EUR 40 mln.