INDUSTRY NEWS
Nissan increases South American investments
After celebrating its 23rd anniversary in Brazil last year , Nissan is now preparing to start a new chapter in its history in Brazil and South America in line with its global ‘ Ambition 2030 ’ plan . During a ceremony in November 2023 at its Resende Industrial Complex , in the state of Rio de Janeiro , the Japanese company announced that it would expand its 2023- 2025 investment plan , up to R $ 2.8 billion , to produce two new sports utility vehicles ( SUVs ) and assemble a turbo engine .
Addressing an audience of 2,400 people ( including all plant employees , government authorities and guests ) Makoto Uchida , CEO and President of Nissan Motor Co ., announced the next steps that the company will take . He was joined by Claudio Castro , Rio de Janeiro State Governor , as well as Nissan ’ s top regional and country executives .
“ Guided by our Ambition 2030 vision and taking into account the needs and realities of Brazil and South America , we have a local strategy that will ensure our transformation in the next few years . We need to demonstrate our commitment with new actions to build a strong foundation so that we can further evolve and contribute to meet our global objectives ”, said Makoto Uchida , CEO and President of Nissan Motor Co ., during the announcement . This major investment will provide new equipment and a series of improvements that will support production to make two new SUVs at Nissan ’ s Resende Industrial Complex . One of the models to be produced at the Resende
Industrial Complex , in Rio de Janeiro , will be the All-New Nissan Kicks . The manufacturing development plan also includes the powertrain plant at Nissan ’ s industrial park . The factory will assemble an advanced turbo engine that will be used across the brand .
In operation since April 2014 , the quite “ young ” site will be given its first major revamp to strengthen its mission as an export hub . Nissan ’ s industrial complex already serves the local and some South American markets and it is planning to send its cars to more than 20 countries .
As part of this strategy to receive new products and with a focus on production quality , the industrial complex introduced a second work shift in 2022 and created 578 additional jobs . Nissan will also expand its onsite supply chain .
Nissan Brazil ’ s new investment consistently strengthens the company ’ s strategy in the local market and across South America . A total of R $ 2.6 billion was invested when the Resende Industrial Complex was built , and it remains one of the largest investments made by a carmaker in Brazil into building a manufacturing facility . Since the start of construction , including what will guarantee production of the two new SUVs and the assembly of a turbo engine , Nissan ’ s investments in Resende now total R $ 6.2 billion over ten years . n
www . nissan-global . com
Duplex stainless steel in focus
According to new research on ResearchandMarkets . com , the “ Global Duplex Stainless Steel Market Outlook 2023-2036 ”, the market is set to gather revenue of almost US $ 9 billion by the end of 2036 from a revenue of around US $ 4 billion in 2023 . The global duplex stainless steel market is set to grow at a CAGR of 6.4 % over the forecast period ( 2024-2036 ).
“ This growth is poised to be influenced by rising demand for oil & gas along with surging construction projects . The growing employment of duplex stainless steel in the paper & pump industry , along with rising maritime activities , is also projected to dominate market expansion ,” said the report .
“ The Asia-Pacific market for duplex stainless steel is poised to generate the highest revenue of close to US $ 5 billion by the end of READ 2036 , up from a revenue of more than US $ 2 billion by the end of 2023 ,” said the report . n REPORT
New President for ECTA
For the next four years , ECTA ( the European Cutting Tools Association ) will be led by an Italian President , Federico Costa , who is also the managing director of FEBAMETAL . The Turin company specialises in the production and sales of standard and special tools . Costa was elected in November 2023 .
He highlighted industry challenges such as international geopolitical uncertainty and “ the complexity of new EU regulatory requirements ”.
Costa added that ECTA ’ s focus would be firmly on its annual event and meetings to “ provide companies with food for thought and insight , as well as opportunities for exchanging views .”
“ As President of ECTA , I will work to improve the image of the European industry in the sector by proposing initiatives that can also help to durably strengthen its international positioning . After participating in the next World Conference on Cutting Tools , in Osaka this year , the association ( supported by UCIMU ) will organise the ECTA Conference to be held in Italy in 2025 ,” he concluded . n
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