NEW YORK, September 26, 2016 /PRNewswire/ --
Industrial manufacturing companies still feel the burden of the
2008 financial crisis. For about a decade before the crisis
industrial-manufacturing businesses had to adapt to new
technologies, invest in equipment in order to improve factory
performance, and achieving new global standards. After 2008 these
companies were left with substantial liabilities and a global
recession putting pressure on sluggish efforts in growth.
Cemtrex Inc (NASDAQ: CETX), 3M Co (NYSE: MMM),
General Electric (NYSE: GE), Lockheed Martin
Corporation (NYSE: LMT), Boeing Co (NYSE: BA)
A report by PWC indicates that industrial-manufacturing business
is back to a similar environment at which it was before the crisis.
Once again technological transformation is required to operate at
new global standards - The Internet of Things, augmented reality,
and 3D printing are all innovations that have already changed
industrial-manufacturing technical operations.
As a result smaller companies like Cemtrex Inc (NASDAQ:
CETX) have focused their attention to technical changes. Cemtrex is
a diversified industrial and manufacturing company. The Company
operates in a range of business segments and provides solutions to
manufacturing industries. Through its Electronics Manufacturing
Services group the company provides end-to-end electronic
manufacturing services including product design and sustaining
engineering services, systems integration, testing services and
assembled electronic products.
Cemtrex Inc. (CETX) has been very active in expanding
their operations overseas. Earlier this month the company announced
that it has fully integrated with the recently acquired Periscope,
an electronics manufacturing company located in Paderborn,
Germany. With the integration
complete, Cemtrex secured a broader base and larger market share in
the Eurozone and claims that it has become among the top 20 EMS
companies in Germany.
Cemtrex Inc. (CETX) Chairman and CEO, Saagar Govil,
commented, "In a very short period of time, the combination of our
existing German operation and Periscope has revealed tremendous
synergies for us. ROB Cemtrex is now exceeding our earlier
expectations, as evidenced by our record recent contract wins,
including with a very large automotive industry supplier. Our
opportunities in the Eurozone are bright and we have high
expectations for our growing company." Shares of the company are up
148% from its 52-week low earlier in the year.
Meanwhile, large companies are investing heavily in
technologies. 3M Co (NYSE: MMM) is a popular technology
company with an industrial segment that serves markets, such as
automotive equipment, electronics, paper and printing, packaging,
food and beverage, and construction. 3M has recently announced the
development of a new patent pending technology for 3D Printing of
fluorinated polymers, which are an integral material in numerous
manufacturing processes. The fluorinated polymers are known for
high durability, resistance to various chemicals and high
temperatures.
General Electric (NYSE: GE) is also making aggressive
moves to embrace 3D printing for faster production. Earlier this
month GE announced the acquisition of two 3D printing companies,
the total value of which was $1.4
billion. Edward Herderick,
additive technologies leader at GE's corporate supply chain and
operations business explained why the adapting of 3D printers is
beneficial, "We can make components in no-fail industries that are
repeatable, affordable and comparable to traditional industries…
Every additive machine is like a foundry."
Over the last year both Boeing Co (NYSE: BA) and
Lockheed Martin Corporation (NYSE: LMT) proved that it is
not only possible, but also actually practical to use augmented
reality technology for manufacturing. Both companies used augmented
reality glasses to build jets. The glasses displayed educational
software that provided real-time visuals during the plane's
assembly, as well as helping to ensure that every part on the plane
was correctly put in its place.
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