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AM Ventures closes a 100 million euro fund, focusing on industrial 3D printing

According to Smartechs analysis, the 3D printing or additive manufacturing industry will reach 50.82 billion dollars by 2030. In 2021 alone, it held t

According to Smartechs analysis, the 3D printing or additive manufacturing industry will reach 50.82 billion dollars by 2030. In 2021 alone, it held three investment rounds in German companies MedShape and HeadMate Materials. Munichbased venture capital firm AM Ventures has raised €100 million to revolutionize the world with industrial 3D printing hardware, materials, software, and applications. Arno Held, cofounder, and managing partner added The additive manufacturing industry has seen steady and strong growth over the past decade, and this time startups have played a key role. Read More..

B2B Tech News | 2 years ago        

KFC has unveiled a new hightech restaurant in Cape Town

Africas first KFC, the store has digital menu boards on each of its two tracks. It also has dedicated selfservice kiosks for customers on the go, a d

Africas first KFC, the store has digital menu boards on each of its two tracks. It also has dedicated selfservice kiosks for customers on the go, a dedicated window for delivery drivers, and the latest connected kitchen technology to ensure the right amount is always available. KFC claims that there is also better quality management that ensures a better end product for consumers. The restaurant has a fresh and impressive design with a strong contrast between dark gray and white. This design combination puts food ordering and delivery in the hands of the customer while empowering employees to focus on the back of the house and get food out faster, resulting in a better work experience. He says Toduka Nshumalu, Chief Operating Officer, KFC Africa. Read More..

B2B Tech News | 2 years ago        

Chinese TV makers open factories in Mexico to serve the US market

Mexican TV factories are increasingly popular with Chinese producers looking for better access to the U.S. market for color sets. A trade agreement be

Mexican TV factories are increasingly popular with Chinese producers looking for better access to the U.S. market for color sets. A trade agreement between Mexico and the United States has made the Central American country more attractive to Chinese television manufacturers. In 2016, Hisense Group acquired the Mexican plant from Japanese television producer Sharp and is also building an industrial park for home appliances in Mexico. Hisense increased the production of raw materials and localized components such as injection molding and sheet metal. Mexican TV exports have the largest share of the U.S. market 60%. It is mostly due to the agreement between the United States, Mexico, and Canada, a free trade agreement between the three countries. Chinese TVs sold in the United States are subject to an 11.4% rate. Read More..

B2B Tech News | 2 years ago        

The main gas pipeline from Russia to Europe is restored after a break

The Nord Stream 1 pipeline to Germany has been closed for annual maintenance since July 11. German officials feared that the pipeline supplying a thir

The Nord Stream 1 pipeline to Germany has been closed for annual maintenance since July 11. German officials feared that the pipeline supplying a third of Germanys gas would never reopen. Germany says only 30% of its pipeline capacity is currently flowing. German officials denied the comments. She cited technical issues with equipment sent by her partner Siemens Energy to Canada for overhaul but was not returned due to sanctions against Russias invasion of Ukraine. But Russian company Gazprom reported on Thursday that only 30 percent of its pipeline capacity had been delivered, Klaus Muller, Germanys electricity grid regulator, wrote on Twitter. Read More..

B2B Tech News | 2 years ago        

Wipro, NTPC and other stocks are in todays news

The BSE Sensex rose more than 600 points to 55,398 on Wednesday. Asian markets were mixed on Thursday morning. Wipro reported that in the quarter ende

The BSE Sensex rose more than 600 points to 55,398 on Wednesday. Asian markets were mixed on Thursday morning. Wipro reported that in the quarter ended June 2022, connected revenues decreased by 21% to Rs 2,563 trillion. IndusInd Bank registered an increase in turnover of 61% from one year to another, of 1,631 million lei. Tata Communications reported an 83.63% increase in consolidated profit to Rs 543.76 crore. NTPC has a contract with the Moroccan Agency for Sustainable Energy MASEN. Read More..

B2B Tech News | 2 years ago        

Shell Gulf’s battle to introduce LNG in Australia is intensifying

Shell told customers Monday that it could not ship liquefied natural gas LNG shipments from its Prelude plant in northwestern Australia due to union a

Shell told customers Monday that it could not ship liquefied natural gas LNG shipments from its Prelude plant in northwestern Australia due to union action over a wage dispute that was extended until July 21. Shell has stopped production and will hire workers for its largescale floating equipment Monday night. The company has issued a Notice of Failure to the customer for all future downloads. This situation could easily be resolved if management stopped the strange and aggressive tactics of industrial relations, said Zach Duncalf, coordinator of the Offshore Alliance. Shell will close Prelude on Monday, starting with a night shift. Read More..

B2B Tech News | 2 years ago        

Due to Alpecs profit, Alfa Mexicos secondquarter net profit doubled

Alfas earnings were increased by its food distribution subsidiary, Sigma, and its petrochemical division, Alpek. Earnings before interest, taxes, and

Alfas earnings were increased by its food distribution subsidiary, Sigma, and its petrochemical division, Alpek. Earnings before interest, taxes, and amortization EBITDA increased by 42% year on year to $ 14.15 billion. However, Alfa slightly lowered its overall forecasts due to the poor performance of Sigma in Europe and the release of Axtel. The company also reduced EBITDA by 11%. Analyst Spinoff could mean more value for shareholders. It will be significant to consider OCTALs attractive cash flow, the reopening of Corpus Christi, Texas PET and PTA facilities, ESGs recent commitment to reduce emissions, and the possible exit of Alpha Read More..

B2B Tech News | 2 years ago        

Spain rejects EU plan to reduce gas consumption by 15% due to concerns

According to Teresa Ribera, Minister for Ecological Transition, Spains government has rejected a plan to reduce gas consumption by 15% in light of the

According to Teresa Ribera, Minister for Ecological Transition, Spains government has rejected a plan to reduce gas consumption by 15% in light of the possibility that Russia will reduce gas supplies to Europe. She claims that Spains industry has made a special sacrifice to ensure supply security. The average consumption over the previous five years is to be reduced voluntarily by 15%, according to the European Commission. This equates to 55 terawatt hours in the case of Spain, out of a total average of 367.28 TWh. The government will support the position of the Spanish industry, which has paid a special price to guarantee the security of supply, and no matter what happens, Spanish families wont experience gas or electricity cuts in their homes, the minister said. Read More..

B2B Tech News | 2 years ago        



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