3M | August 02, 2022
3M (NYSE: MMM) announces the debut of 3M™ VHB™ Extrudable Tape, a new manufacturing bonding solution that brings elevated levels of automation, simplicity, and sustainability across industries. This end-to-end bonding solution combines all the benefits of 3M™ VHB™ Tapes with the versatility of a liquid adhesive in a single contained footprint enabling usage on any scale.
For more than 40 years, 3M™ VHB™ Tape has redefined manufacturing design and assembly processes, allowing users to bond industrial materials quickly, securely, and permanently without the use of unsightly mechanical fasteners such as screws or rivets. Initially used for bonding panels to the frames of specialty vehicles like ambulances and box trucks, this new bonding solution proved superior to other methods due to its ability to distribute stress loads across an entire surface instead of concentrating stress loads around each individual fastener. Today, 3M continues that legacy by extending its tape solutions even further, opening a new era of manufacturing capabilities enabled by heightened flexibility, increased throughput, simplified automation, and improved sustainability.
3M™ VHB™ Extrudable Tape combines the best qualities of high strength acrylic foam tape with the versatility of liquid adhesives without any of their inherent drawbacks. While liquid adhesives offer excellent versatility with the application, they can be messy, difficult to handle, increase waste, and require longer curing times, all factors that increase manufacturing time and overall costs. In contrast, the 3M™ On Demand Bonding System -- designed to work with the Nordson® ProBond™ System -- eliminates liners and container waste while providing immediate material bonding and handling strength. These benefits help significantly streamline, simplify, and speed up production operations.
"3M™ VHB™ Extrudable Tape does things no tape or liquid adhesive could ever do, It's an entirely new category of product and bonding solution for manufacturing innovation. This bonding system creates endless design and application possibilities at scale -- whether you're a global multinational or a local manufacturing business.3M™ VHB™ Tapes have revolutionized manufacturing over the past four decades. Today, 3M™ VHB™ Extrudable Tape redefines bonding possibilities as we know them, The idea that we created a bonding solution that is automation-friendly and versatile is exciting for this industry."
-Patrick Meifert, Global Portfolio Director of 3M.
Simple Storage and Application:
Shipped on spools, 3M™ VHB™ Extrudable Tape comes in the form of a long, coiled spool that is easily stored and doesn't require special packaging or handling. Unlike large, complex liquid adhesive machines, the 3M™ On Demand Bonding System has a small footprint (30"x37") and very few moving parts, allowing easy integration into assembly lines without a long list of replacement parts.
3M™ VHB™ Extrudable Tape works effortlessly on curved surfaces, irregular shapes, and dissimilar materials, eliminating the need for unsightly fasteners. The system can manage most inline or offline bonding situations involving metals, glass, rubber, woven surfaces, and plastics, alone or in combination with each other. As a result, 3M™ VHB™ Extrudable Tape can be used across multiple parts of the manufacturing process as a single adhesive that replaces several specialized solutions.
With 3M™ VHB™ Extrudable Tape, bonded parts are ready to be handled immediately, removing steps, and increasing throughput. The system also requires little to no surface preparation, further simplifying the process.
The 3M™ On Demand Bonding System has a small footprint which allows scalability for manufacturers of any size to confidently move from design to scale-up no matter where they are in the automation journey.
Next Level Efficiency and Sustainability Focused:
The tape's innovative stretch release technology provides a quick and easy adhesive removal process that reduces scrap, waste, and rework, making component repair easier.
3M™ VHB™ Tapes have been used extensively across a wide variety of market applications for over 40 years, so when it came to creating a new product, 3M's scientists, engineers, and developers knew the market and their customers intimately. That allowed them to design this product with a new set of priorities at stake. Automation, versatility, and sustainability were the primary goals for 3M™ VHB™ Extrudable Tape, and today, they bring this solution to the world.
At 3M, we apply science in collaborative ways to improve lives daily as our employees connect with customers all around the world. Learn more about 3M's creative solutions to global challenges at www.3M.com or on Twitter @3M or @3MNews.
Nordson Corporation delivers precision technology solutions that help customers increase speed, productivity, and up-time. Nordson's adhesive dispensing soltuions are the global standard in diverse markets, including packaging, assembly, nonwovens & converting.
Hon Hai | August 10, 2022
Hon Hai Technology Group (“Foxconn”)(TWSE:2317) today announced the signing of a contract manufacturing agreement (CMA) with Zimeno Inc. DBA Monarch Tractor (“Monarch Tractor”) to build next-generation agricultural equipment and battery packs at the Foxconn Ohio facility.
“Leveraging Foxconn’s manufacturing strengths, world-wide network of industry leaders and supply partners, and our new partnership with Monarch Tractor, Foxconn is positioned and eager to contribute to the ongoing and future success of Monarch Tractor, its products and its customers, This partnership reflects Foxconn’s growing center of gravity for autonomous electric vehicle production and the potential that can emerge from forward-thinking collaborations.”
-Young Liu, Chairman of Hon Hai Technology Group.
Full-rate production of Monarch Tractor’s MK-V Series is scheduled to begin Q1 2023 at the Foxconn Ohio facility, an approximately 6.2 million square foot campus of scalable production space. This will follow production of Monarch’s Founder Series in Q4 of 2022 at Monarch Tractor’s Livermore, California, manufacturing facility.
"Creating the industry's most advanced tractor demands a manufacturing partner with the experience to quickly scale and execute with precision, Foxconn is an EMS leader whose manufacturing and solutions are world-renowned. We are proud to partner with Foxconn and work together to transform the future of farming."
-Praveen Penmetsa, Co-Founder & CEO of Monarch Tractor.
In May 2022, Foxconn assumed manufacturing operations at its Ohio facility after completing an Asset Purchase Agreement (“APA”) with Lordstown Motors Corp. (Nasdaq:“RIDE”). The agreement with Monarch Tractor is the first contract manufacturing engagement by Foxconn following the closing of the APA. It embodies the Foxconn vision to expand its contract manufacturing in the EV market. The agreement also continues the transformation of Foxconn capabilities in the Mahoning Valley.
About Hon Hai:
Established in 1974 in Taiwan, Hon Hai Technology Group (“Foxconn”) (2317: Taiwan) is the world’s largest electronics manufacturer. Hon Hai is also the leading technological solution provider, and it continuously leverages its expertise in software and hardware to integrate its unique manufacturing systems with emerging technologies. Hon Hai has expanded its capabilities into the development of electric vehicles, digital health, and robotics, and three key technologies – new-generation communications technology, AI, and semiconductors – which are key to driving its long-term growth strategy. In addition to maximizing value-creation for customers who include many of the world’s leading technology companies, Hon Hai is also dedicated to championing environmental sustainability in the manufacturing process and serving as a best-practices model for global enterprises. To learn more, visit www.honhai.com.
About Monarch Tractor:
Monarch Tractor is working to utilize 21st-century technology to empower farmers by enabling profitable implementation of regenerative, sustainable and organic practices. Monarch Tractor, the world’s first fully electric, driver optional, smart tractor, enhances farmer’s existing operations, alleviating labor shortages, and maximizing yields. Monarch is committed to elevating farming practices to enable clean, efficient, and economically viable solutions for today’s farmers and the generations of farmers to come. With cutting-edge technology, global reach, and an experienced team, Monarch is delivering meaningful change for the future of farming
Littelfuse | July 20, 2022
Littelfuse, Inc. (NASDAQ: LFUS), an industrial technology manufacturing company empowering a sustainable, connected, and safer world, today announced the completion of its acquisition of C&K Switches (“C&K”). C&K is a leading designer and manufacturer of high-performance electromechanical switches and interconnect solutions with a strong global presence across a broad range of end markets, including industrial, transportation, aerospace, and datacom.
“The combination of our companies significantly expands our technologies and capabilities, enabling us to deliver a comprehensive solutions offering to our broad customer base, across a wide range of vertical end markets, Our businesses are highly complementary and enable us to leverage our collective go-to-market models and global footprints. It is a pleasure to welcome the C&K employees to the Littelfuse team, and we look forward to their contributions, as we continue to execute on our long-term growth strategy.”
-Deepak Nayar, Senior Vice President and General Manager, Littelfuse Electronics Business.
C&K has annualized sales of over $200 million and will be reported within the company’s Electronics reporting segment.
Littelfuse financed the transaction consideration through a combination of available cash and debt.
Littelfuse (NASDAQ: LFUS) is an industrial technology manufacturing company empowering a sustainable, connected, and safer world. Across more than 15 countries, and with approximately 17,000 global associates, we partner with customers to design and deliver innovative, reliable solutions. Serving over 100,000 end customers, our products are found in a variety of industrial, transportation and electronics end markets – everywhere, every day.