Latest news with #OEMs
Barnama
11 hours ago
- Business
- Barnama
Malaysia's Straits Orthopaedics Acquires US Firm Medin Technologies
BUSINESS KUALA LUMPUR, July 25 (Bernama) -- Straits Orthopaedics (Mfg) Sdn Bhd (Straits), a Malaysian-based contract manufacturer specialising in orthopaedic implants and surgical instruments, has acquired Medin Technologies Inc (Medin). In a statement, Straits said the strategic acquisition marked a significant milestone in the company's global expansion efforts and strengthens its ability to offer integrated solutions to original equipment manufacturers (OEMs) worldwide. With over two decades of experience serving the global orthopaedic market, this acquisition positions Straits to deliver a broader and more cohesive range of manufacturing capabilities. Straits Chief Executive Officer, Scott Gareiss said Medin's expertise in design, vertical integration, and quality control complements the company's existing offerings. 'The addition of Medin's case and tray product lines expands our capabilities in supporting joint replacement, trauma, extremities, spine, power equipment, and more,' he added. Medin General Manager, Hans de Waal welcomed the acquisition, noting that the company has been a key player in the orthopaedic market since 1979. 'Joining Straits enables Medin to provide comprehensive solutions across multiple segments as a global contract manufacturing organisation (CMO), including fully kitted instrument sets ready for distribution,' he said. A United States (US)-based manufacturer of sterilisation cases and trays for the orthopaedic sector, Medin operates two manufacturing facilities in Totowa, New Jersey, and Manchester, New Hampshire. Meanwhile, Quadria Capital Partner and Straits Board Director, Ewan Davis said the acquisition is in line with the firm's commitment to enhancing Straits' global footprint and driving greater patient impact.
Time of India
15 hours ago
- Business
- Time of India
Govt mandates all rooftop solar inverters under PM scheme to connect to national servers
New Delhi: Rooftop solar inverters installed under the PM Surya Ghar: Muft Bijli Yojana (PMSG: MBY) will be required to mandatorily connect to national servers and use machine-to-machine (M2M) SIM-based communication protocol, the Ministry of New and Renewable Energy (MNRE) has said in a compliance order issued to all stakeholders. The PMSG: MBY scheme targets installation of rooftop solar (RTS) systems in one crore households with a total capacity of 30 gigawatts (GW). The ministry has said integration of such a large number of RTS plants introduces grid stability and cybersecurity challenges , especially due to inverters transmitting data outside India or interacting with third-party servers. 'To ensure secure and reliable data transmission, all inverter communication devices/dongles/data loggers deployed under the scheme shall have Machine-to-Machine (M2M) SIM communication protocol,' MNRE said in the memorandum dated July 21. The ministry added that inverter modules transmitting sensitive data to servers outside India threaten national energy sovereignty and increase the risk of unauthorised control. It further stated that third-party communication could be exploited to manipulate inverter operations, potentially disrupting power generation and grid operations. 'In this regard, multiple rounds of deliberation have been done with major stakeholders to implement a framework to track generation benefits of RTS installations as well as for the centralisation of RTS data on a National Software Platform hosted on servers located in India and managed by MNRE or any other Government Agency,' the ministry said. The MNRE is finalising a vendor-neutral open communication protocol along with security guidelines for data communication to enable real-time monitoring and control of inverters through the National Portal. Integration testing of inverter communication devices will commence from September 1, 2025. 'A separate communication in this regard shall be issued shortly,' the ministry said. Further, all Original Equipment Manufacturers (OEMs) listed for supplying inverters under the scheme 'shall mandatorily connect their inverters directly to National Servers and Software managed by MNRE or any other agency designated by MNRE, with effective from the date to be notified,' it said.
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Business Standard
a day ago
- Business
- Business Standard
Godrej Enterprises Group's aerospace biz inks pact with Pratt & Whitney
Godrej Enterprises Group's aerospace business has inked a pact with aircraft engines maker Pratt & Whitney for aerospace parts manufacturing. The contract will significantly expand the company's offerings in aircraft engine applications, both in terms of technology and production volumes, it said. The mandate reinforces Godrej's commitment to advancing India's aerospace manufacturing capabilities and aligns with its vision to become a key supplier to global aircraft engine Original Equipment Manufacturers (OEMs), Godrej Enterprises Group said. Pratt & Whitney is a part of the RTX business, and a world leader in the design, manufacture and service of aircraft engines and auxiliary power units. "By leveraging our advanced infrastructure, deep expertise, we are proud to play a role in shaping the future of aviation manufacturing in India. We look forward to strengthening this relationship and expanding our footprint in the global aerospace supply chain," said Maneck Behramkamdin, Business Head, Aerospace business of Godrej Enterprises Group. With this contract, Godrej Enterprises Group said, it continues to expand its presence in precision aerospace manufacturing. Godrej Enterprises Group has a total of around 35,000 sq meters aerospace manufacturing capacity in India with another 48,500 sq meters under development, which is in line with the company's vision to enable and elevate India's manufacturing capabilities at a global level.
News18
a day ago
- Business
- News18
Godrej Enterprises Groups aerospace business inks pact with Pratt & Whitney
Agency: PTI Last Updated: Mumbai, Jul 24 (PTI) Godrej Enterprises Group's aerospace business has inked a pact with aircraft engines maker Pratt & Whitney for aerospace parts manufacturing. The contract will significantly expand the company's offerings in aircraft engine applications, both in terms of technology and production volumes, it said. The mandate reinforces Godrej's commitment to advancing India's aerospace manufacturing capabilities and aligns with its vision to become a key supplier to global aircraft engine Original Equipment Manufacturers (OEMs), Godrej Enterprises Group said. Pratt & Whitney is a part of the RTX business, and a world leader in the design, manufacture and service of aircraft engines and auxiliary power units. 'By leveraging our advanced infrastructure, deep expertise, we are proud to play a role in shaping the future of aviation manufacturing in India. We look forward to strengthening this relationship and expanding our footprint in the global aerospace supply chain," said Maneck Behramkamdin, Business Head, Aerospace business of Godrej Enterprises Group. Godrej Enterprises Group has a total of around 35,000 sq meters aerospace manufacturing capacity in India with another 48,500 sq meters under development, which is in line with the company's vision to enable and elevate India's manufacturing capabilities at a global level. PTI IAS DRR DRR view comments First Published: July 24, 2025, 12:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Business Recorder
2 days ago
- Automotive
- Business Recorder
Pakistan Single Window: Auto makers can now apply for import quotas digitally
Auto manufacturers no longer have to apply manually to the government's Engineering Development Board (EDB) for the issuance of import quotas, as the board has successfully integrated with the Pakistan Single Window (PSW) with effect from July 17, 2025. The PSW is a digital platform that enables centralized, and paperless trade by allowing parties involved in imports, exports, and transit to submit information and documents through a single entry point - The move is meant to enhance ease of doing business and ensuring transparency in regulatory approvals. It will enable automotive manufacturers and Original Equipment Manufacturers (OEMs) to submit electronic requests for import quota approvals for further processing by customs. The manufactures and OEMs have been asked to obtain PSW User IDs from July 17. All requests will now be submitted through PSW and no manual request will be accepted or processed directly by the EDB. The data will be maintained in both PSW and WeBOC systems - Pakistan Customs' electronic clearance platform - ensuring seamless processing and record integrity as well as real time visibility to both Customs and EDB. As per EDB data, more than 100 OEMs are registered with the department. Talking to Business Recorder, the PSW team said previously, automotive manufacturers were required to manually apply to the EDB for the issuance of import quotas under SRO 656(I)/2006 dated 22.06.2022 in order to avail exemptions and concessions on the import of components. This paper-based process was time-consuming and lacked transparency as manufacturers had no visibility into the status of their applications. PSW CEO explains trade facilitation, regional connectivity agenda A fully digital system To address these challenges, the PSW, in consultation with the EDB and OEMs, has developed and launched a fully digital system. The new system allows OEMs to submit their quota applications to the EDB electronically through the PSW platform, eliminating the need for physical documentation and enabling real-time visibility and tracking of application status by the OEMs. Further, any requests for additional information or clarifications from the EDB will also be managed through the PSW platform, ensuring seamless and transparent communication between stakeholders. Once approved by EDB, the import quota will be integrated with the WeBOC system, allowing manufacturers to use the quota directly during the import of components. The newly-launched digital system eliminates the need for manual, paper-based processing, and replaces approximately 32 paper documents with real-time electronic validations from relevant agencies. This transformation is expected to significantly reduce both the time and cost involved for OEMs in obtaining quota approvals from the EDB. Exporters in PSW system: SBP amends 'undertaking' for payments via ADs Moreover, the PSW's digital processing system enhances application visibility and tracking, resulting in greater transparency and efficiency throughout the entire process. Finally, improved data visibility and analytics will help informed decision making. According to PSW officials, multiple engagement sessions were held with key stakeholders to gather their input in designing a more efficient system that addresses the challenges faced by OEMs for clearance of their goods. This was followed by comprehensive change management sessions jointly led by PSW and EDB to train stakeholders on the use of the new digital system, ensuring a smooth transition from the manual to the electronic platform. More than 100 OEMs are engaged in the manufacturing/assembling of automotive parts. They have welcomed the new initiative and expressed appreciation for the PSW's digital solution, recognizing its potential to eliminate redundancies and inefficiencies inherent in the earlier paper-based system. The PSW provides a digital platform that brings together multiple stakeholders involved in cross-border trade to reduce both the time and cost associated with trading across borders. The PSW primarily serves as a platform for integrating customs and regulatory clearance of import, export and transit goods and is predicated on a harmonized and coordinated approach towards cargo reporting, management, and clearance procedures. Phase 1 of the Pakistan Single Window was rolled out on June 30, 2022,and it continues to add new services, features, and entities to the platform.
