Latest news with #precisionengineering
Malay Mail
3 days ago
- Business
- Malay Mail
InvestPenang pitches Penang as Asia's next top medtech hub
GEORGE TOWN, Aug 10 — Penang's medical technology (medtech) industry is rapidly emerging as one of the state's most promising sectors, driven by strong global demand, robust local capabilities, and a well-established ecosystem. InvestPenang chief executive officer Datuk Loo Lee Lian said the state's expertise in precision engineering and automation, developed through its thriving semiconductor industry, has been instrumental in the growth of the medtech sector in the state. 'In the semiconductor industry, precision and automation are essential, and these competencies translate directly into the production of surgical instruments, implants, and high-accuracy medical devices. 'In fact, medtech often requires even greater precision than the semiconductor industry,' she told Bernama. The medtech sector also benefits from its synergies with the electrical and electronics manufacturing sector, as medical devices such as pacemakers, glucose monitoring systems, and diagnostic equipment rely on sophisticated electronic and mechanical components. Loo described the medtech sector as a 'hidden gem' because, unlike the cyclical semiconductor sector, it offers steady growth and higher profit margins, enabling companies to invest more in training talent. 'This stability also attracts talent, as jobs in the sector are less vulnerable to sudden hiring freezes or retrenchments,' she said. Globally, she noted, leading medtech clusters include the United States (US), Ireland, Puerto Rico, and Costa Rica, countries where government support has spurred industry growth over the past decade. In recent years, many companies have expanded into Asia due to rising cost pressures, shifts in policies, and the region's growing, wealthier, and ageing population. She said companies find it attractive to set up operations in Penang when expanding into Asia, thanks to its mature industrial base, skilled workforce, and well-developed supplier network. Moreover, local participation in the sector is also rising, with homegrown firms such as Straits Orthopaedics (Mfg) Sdn Bhd and UWC Healthcare, now serving the global market. Loo said InvestPenang has facilitated the sector's growth by organising exhibitions and engagement sessions with the Health Ministry and industry partners to showcase products and encourage the companies' inclusion in government procurement. However, she noted that medtech companies in Penang face three key challenges: the US Trade Agreements Act, which restricts the value of Malaysian-supplied products in US government contracts; geopolitical tensions and tariffs; and ongoing supply chain disruptions. Despite these hurdles, Loo is optimistic about the prospects over the next five years, and InvestPenang is constantly in talks with several medtech companies about potential investments. 'With Asia's ageing and increasingly affluent population, demand for advanced medical devices is set to rise. We expect to see more global names here, particularly in higher-end products, and we aim to strengthen the role of local companies in this space,' she added. — Bernama
CNA
14-07-2025
- Business
- CNA
Economists upgrade outlook as Singapore economy up 4.3% in Q2 2025
Some economists in Singapore have raised their full-year growth forecast for 2025, following better-than-expected second quarter results. According to advance estimates, Q2 GDP expanded 4.3% despite US tariff uncertainty, following a 4.1% rise the previous quarter. The manufacturing sector emerged as the star performer, with a 5.5% expansion driven by demand for electronics and precision engineering. Nadirah Zaidi reports.
Globe and Mail
08-07-2025
- Business
- Globe and Mail
China Laser Cutting Giant Redsail Sets New Global Standards in Precision & Affordability
China Laser Cutting Giant Redsail Sets New Global Standards in Precision & Affordability China commands 56.6% of the global laser equipment market (2024), exporting ¥14.1 billion worth of laser cutters annually. This dominance stems from aggressive innovation, cost leadership, and cluster manufacturing—with Shandong, Guangdong, and Hubei as core hubs. Redsail Laser, also known as Redsail Technology, founded in Jinan's High-Tech Zone, exemplifies this rise, targeting SMEs worldwide with budget-friendly yet precision-engineered CO₂ laser systems. Redsail's Market Strategy: Democratizing Industrial Lasers Global Reach: Exports to 140+ countries, with the U.S., Australia, Canada, and Europe comprising 60% of overseas sales. Its Alibaba dominance features a 4.5/5 customer rating and 100% on-time delivery. Affordability: Entry-level models like the X700 start at ~$1,499, undercutting Western rivals by 40% while maintaining CE/FDA certifications. Product Range: Focuses on non-metal cutting (wood, acrylic, leather) with CO₂ lasers (50W–180W), achieving speeds up to 1,000 mm/s and positioning accuracy of ±0.03mm. Table: Redsail's Core Laser Cutter Models | Model | Laser Power | Work Area | Max Speed | Key Applications | |-------------|-----------------|---------------|---------------|-----------------------------| | X700 | 50W–80W | 500×700 mm | 1000 mm/s | Crafts, thin materials | | X1390 | 80W–150W | 900×1300 mm | 1000 mm/s | Industrial acrylic/wood | | CM1325 | 100W–180W | 1300×2500 mm | 1000 mm/s | Textiles, large panels | Technological Strengths and Limitations Innovations: Integrated DSP control systems enable offline operation and slope engraving; water-cooled lasers reduce energy use by 30% versus air-cooled alternatives. Gaps: Limited to 180W power (vs. competitors' 40kW fiber lasers for metals) and ±0.03mm precision, trailing international ultra-precision standards (±0.01mm). Chinese machines also average 20% higher downtime than German/Japanese counterparts. China's Export Engine: Redsail as a Microcosm Shandong's supply chain ecosystem slashes Redsail's production costs by 25%, while overseas engineers enable 48-hour installation support—addressing historic after-sales gaps in Chinese exports. Yet, the company faces tariff headwinds and supply chain pressures, pushing it toward emerging markets like Southeast Asia and Eastern Europe. Future Trajectory Redsail aims to bridge technology gaps through partnerships with Shandong University, developing fiber lasers for biomedical/military applications. This aligns with China's national strategy to achieve 65% localization in 3D five-axis systems by 2025 and lead in green manufacturing standards. "Redsail embodies China's shift from budget replicas to value innovators," leveraging modular design and cross-border agility to reshape Industry 4.0. While ultra-high-power and stability challenges persist, its $1,499 cutters have democratized digital fabrication for global SMEs—one laser pulse at a time.
Associated Press
03-07-2025
- Business
- Associated Press
NIPPON KINZOKU: Welded Drawn Pipe Surpassing Seamless Pipes; Introducing the 'FINE PIPE' Series
TOKYO--(BUSINESS WIRE)--Jul 2, 2025-- NIPPON KINZOKU CO., LTD. (Headquarters: Minato-ku, Tokyo) has commercialized 'FINE PIPE' *1, a welded drawn pipe that surpasses 'seamless pipe' by using carefully selected materials and unique processing technologies (welding, drawing, annealing) only available from a raw material manufacturer. These products meet the growing demand for higher precision in small-diameter pipe manufacturing, and we have received many inquiries, leading to increased orders for the 'FINE PIPE' series. This press release features multimedia. View the full release here: Our 'FINE PIPE' is eco-friendly, high quality, and low cost, and is used in various fields such as automotive parts, measuring instruments, and industrial equipment to meet the high precision and high quality requirements of our customers. In light of the recent demand for enhanced performance and speed in analytical and medical equipment, we have developed 'High-precision inner surface' small-diameter pipes and 'FINE PEEK-ST', a small-diameter composite tube made of stainless steel and PEEK resin, based on our proprietary technology in 'FINE PIPE'. Notes: Refer to *1 for manufacturing range and steel grades handled. Notes: Refer to *2 for manufacturing range and steel grades handled. Notes: Refer to *3 for manufacturing range and steel grades handled. *1 *2 *3 View source version on CONTACT: Production Process & Support Dept. NIPPON KINZOKU CO., LTD. E-mail:[email protected] KEYWORD: JAPAN ASIA PACIFIC INDUSTRY KEYWORD: MACHINE TOOLS, METALWORKING & METALLURGY ENGINEERING CHEMICALS/PLASTICS AUTOMOTIVE MANUFACTURING MANUFACTURING STEEL SOURCE: NIPPON KINZOKU CO., LTD. Copyright Business Wire 2025. PUB: 07/02/2025 11:01 PM/DISC: 07/02/2025 11:01 PM
Globe and Mail
03-06-2025
- Business
- Globe and Mail
Fabrinet to Present at Rosenblatt Securities 5th Annual Technology Summit
BANGKOK, June 03, 2025 (GLOBE NEWSWIRE) -- Fabrinet (NYSE: FN), a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced that its management will present virtually at the Rosenblatt Securities 5 th Annual Technology Summit. The Fabrinet presentation is scheduled for Tuesday, June 10, 2025 at 11:00 a.m. EDT (8:00 a.m. PDT). A live webcast, as well as a replay, will be accessible at About Fabrinet Fabrinet is a leading provider of advanced optical packaging and precision optical, electro-mechanical, and electronic manufacturing services to original equipment manufacturers of complex products, such as optical communication components, modules and subsystems, automotive components, medical devices, industrial lasers and sensors. Fabrinet offers a broad range of advanced optical and electro-mechanical capabilities across the entire manufacturing process, including process design and engineering, supply chain management, manufacturing, advanced packaging, integration, final assembly and testing. Fabrinet focuses on production of high complexity products in any mix and any volume. Fabrinet maintains engineering and manufacturing resources and facilities in Thailand, the United States of America, the People's Republic of China and Israel. For more information visit:
