The aluminum group benefited from increased demand and higher aluminum prices in the first quarter of 2025. Despite the positive development, however, the US tariffs on aluminum products are dampening the outlook. The Upper Austrian aluminum group AMAG has started the year with a strong tailwind. In the first quarter of 2025, the company recorded […]
Year 2025: The Rise of Smart Warehousing
Smart warehousing leverages automation and real-time data to optimize warehouse operations. According to Inbound Logistics, implementing smart warehouse technologies offers myriad benefits, including real-time inventory tracking, reduced labor costs, and improved customer service. The global smart warehouse market is experiencing significant growth. Precedence Research reports that the market size is worth around USD 26.10 billion […]
AGV: The Future of Industrial Automation Enhanced by Artificial Intelligence
AGV Technology is Transforming Logistics and Manufacturing Automated Guided Vehicles – widely known as AGV – have become a core part of modern automation in industry. These intelligent systems enable the efficient transport of materials without direct human intervention, delivering higher productivity, greater safety, and lower labor costs. According to a recent Fortune Business Insights […]
Artificial intelligence in industry: possible applications, EU AI Act and future opportunities
Artificial intelligence (AI) is revolutionizing industry: from efficient production and predictive maintenance to smart logistics, AI is changing all areas of the value chain. But with innovation also comes challenges such as regulation, ethical issues and security. Find out how the EU AI Act is influencing the industry, what opportunities and risks AI entails and how companies can use this technology to remain fit for the future.
Palfinger and the defense business: “Tenders are a matter of one or zero”
Palfinger currently generates less than five percent of its consolidated turnover with the defense industry. However, the technology and crane manufacturer expects "above-average growth" in the defense sector. The establishment of an EU armaments fund worth billions gives cause for hope - also because this will help to smooth out fluctuations in demand in the construction industry.
Wage increase in the chemical industry from May for around 50,000 employees
The collective bargaining negotiations in the chemical industry have been concluded: Wages and salaries will increase by 2.65 percent from May 2025. The agreement includes minimum and maximum amounts as well as a fixed increase for higher job groups.
Digital innovation combines economy and ecology
Energy Communities generate and use energy together with a focus on renewable forms of energy. Digital platforms manage networking and administration for participating municipalities, companies and private individuals.
Temu, Shein & Co: Why Europe is becoming the new destination for cheap Chinese exports
Temu and Shein are flooding the European market with cheap products from China - triggered by new US punitive tariffs. Experts warn of billions in losses and call for tough measures from the EU. Is Europe threatened by a new flood of cheap goods?
MTU defies customs risks with record figures
Strong start to the year for MTU Aero Engines: In the first quarter, the engine manufacturer posted strong growth in sales and profits and exceeded expectations. But dark clouds are gathering on the horizon and casting a shadow over the current year.
Schaeffler struggles with industry weakness: Revenue declines, job cuts planned.
The German automotive and industrial supplier Schaeffler is feeling the economic downturn in the automotive industry: In the first quarter of 2025, revenue declines. Additionally, the company announces job cuts, primarily affecting locations in Germany and Austria.