In The Headlines 64f8e38851b7b

In the Headlines: Reports predict the future values of the smart manufacturing and automation hardware markets

Sept. 8, 2023
Plus, manufacturing companies are investing in Canada, West Virginia, and Illinois.

The manufacturing industry is in a perpetual state of change. New technologies, policies, regulations, and company initiatives keep altering the role and perception of manufacturing in America. Every day, there’s a new plant, industry acquisition, research report, or law, and staying up to date on the latest information can prove difficult. Here’s what’s happening this week, in case you missed it.

Axium Packaging invests $80 million to build new manufacturing plant in Canada
Construction on the new plant is underway, and the facility is expected to be operational in 2024.

Report: Smart manufacturing market to be valued at $241 billion by 2028
The report claims that the main factor propelling the industry’s growth is the integration of advanced technologies.

DOE reports highlight growth in the wind power industry
According to three annual reports released by the U.S. Department of Energy (DOE), wind power is one of the fastest-growing and lowest-cost sources of electricity in the U.S.

Rockwell Automation to acquire Clearpath Robotics, strengthening autonomous production logistics solutions
Clearpath specializes in autonomous robotics for industrial applications, and Rockwell hopes the acquisition will aid the company as it attempts to bring its vision of the Connected Enterprise to life.

Report: Automation hardware market to be valued at $64 billion by 2033
The current value of the market is $38.7 billion, which translates to a compound annual growth rate (CAGR) of 5.1%.

Food packaging manufacturer invests $50 million to build new facility in West Virginia
The company primarily focuses on producing sustainable and environmentally friendly food packaging solutions and is testing a new generation of food packaging material that is 100% home compostable.

Engine component manufacturer fined $298,250 by OSHA after worker suffers finger amputation
In a follow-up visit to the facility, the engine component manufacturer was cited for two repeat violations for failing to adjust bench grinders properly and for not posting 2022 OSHA injury and illness logs as required.

MicroLink Devices invests $9.5 million to expand Illinois facility
The project will help MicroLink increase its design and manufacturing operations of solar cells and solar sheets.

About the Author

Alexis Gajewski | Senior Content Strategist

Alexis Gajewski has over 15 years of experience in the maintenance, reliability, operations, and manufacturing space. She joined Plant Services in 2008 and works to bring readers the news, insight, and information they need to make the right decisions for their plants. Alexis also authors “The Lighter Side of Manufacturing,” a blog that highlights the fun and innovative advances in the industrial sector. 

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