AAR Agrees to Divest Non-Core Composites Manufacturing Business

AAR CORP | June 30, 2020

AAR CORP., a leading provider of aviation services to commercial and government operators worldwide, announced that it has entered into a definitive agreement to divest its aerospace composite manufacturing business after running a sale process that began earlier this year. The buyer is an affiliate of Architect Equity. The Composites business designs, fabricates and assembles composite aerospace products for customers in the commercial aerospace and defense industries.

“This divestiture is consistent with our multi-year strategy to focus our portfolio on our core services offerings. It will reduce complexity and allow us to further prioritize our efforts on our market-leading aviation aftermarket operations,” said John M. Holmes, President and Chief Executive Officer of AAR CORP.

The divestiture of the Composites business, which was unprofitable in fiscal year 2020, along with AAR’s previously announced cost reduction actions, are expected to drive meaningful margin improvement once demand recovers from the impact of COVID-19.

Spotlight

Openness to taking new paths is key to surviving competition and constant changes in requirements. That’s why we developed Siemens Xcelerator, the new platform that will make our portfolio accessible as a service. Flexible and customized. Interoperable with applications working seamlessly together and open, integrating into existing IT landscapes via open interfaces. You’ll always be able to adapt to new conditions. Sustainably, so that your processes continue to run reliably in the future.


Other News
DIGITAL TRANSFORMATION

LION ELECTRIC ANNOUNCES PRODUCTION OF FIRST PROPRIETARY LITHIUM-ION BATTERY PACK AT ITS BATTERY MANUFACTURING FACILITY

LION ELECTRIC | December 22, 2022

The Lion Electric Company, a leading manufacturer of all-electric medium and heavy-duty urban vehicles, today announced that it has completed production of its first lithium-ion battery pack at the company's battery manufacturing facility located in Mirabel, Quebec. Final certification of the first battery pack is expected in the first quarter of 2023, followed by a gradual ramp up of production in 2023. The first batteries produced in Mirabel will power the Lion5 truck and the LionAmbulance, expected to reach commercial production in the first half of 2023. "The production of our first battery pack out of our Mirabel battery facility is an important step for Lion and should, over time, bring with it a new level of optimization for product design and production efficiency, I am incredibly proud of our team for the continued advancement of this project, and I am very thankful to the Canadian and Quebec governments for their support in making it a reality." Yannick Poulin, Lion's Chief Operating Officer Lion's new Mirabel battery manufacturing facility, once fully operational, is expected to give the Company a key market advantage, with vertical integration providing more control of supply, technology advancement, and vehicle integration. Given the battery is typically the most expensive component of an electric vehicle, this new manufacturing capability should have a direct impact on Lion's development of medium- and heavy-duty electric vehicle platforms, while also offering important economic benefits. At full scale, Lion's battery manufacturing facility is expected to have an annual production capacity of five gigawatt-hours of battery capacity. The news comes as Lion has also recently celebrated the start of production at its U.S. vehicle manufacturing facility in Joliet, Illinois. ABOUT LION ELECTRIC Lion Electric is an innovative manufacturer of zero-emission vehicles. The company creates, designs and manufactures all-electric class 5 to class 8 commercial urban trucks and all-electric buses and minibuses for the school, paratransit and mass transit segments. Lion is a North American leader in electric transportation and designs, builds and assembles many of its vehicles' components, including chassis, battery packs, truck cabins and bus bodies. Always actively seeking new and reliable technologies, Lion vehicles have unique features that are specifically adapted to its users and their everyday needs. Lion believes that transitioning to all-electric vehicles will lead to major improvements in our society, environment and overall quality of life.

Read More

DIGITAL TRANSFORMATION

UST Collaborates with Intel and SAP to Digitize the Industry 4.0 Journey for Malaysian SMEs

UST | December 19, 2022

UST, a leading digital transformation solutions company, has announced a collaboration with Intel and SAP to assess and enable the Industry 4.0 digital transformation journey for small and medium-sized enterprises (SMEs) in northern Malaysia. The collaboration will further accelerate the transformation of local businesses into 'intelligent enterprises', empowering them to deliver the streamlined and automated Industry 4.0 experiences necessary to thrive in a modern growth-oriented economy. The technological innovation of Industry 4.0 has created exciting new opportunities for manufacturers, who are embracing new solutions such as the Internet of Things (IoT), cloud computing, artificial intelligence (AI), and machine learning. Industry 4.0 is already transforming how companies manufacture, improve and distribute their products. Manufacturers are integrating new technologies, including Internet of Things (IoT), cloud computing and analytics, AI, and machine learning into their production facilities and throughout their operations. However, according to data from the Department of Statistics Malaysia (DOSM), Industry 4.0 adoption amongst Malaysian firms sits at less than one percent. This is significantly behind international standards, creating a gap that must be overcome if Malaysian firms are to remain competitive in the long term. The collaboration combines the resources of prominent market leaders across a range of sectors including industry domains, processes and technology. As part of the partnership, UST, Intel and SAP will collaborate to establish a Customer Experience center at a local UST Innovation Lab that will help share ideas on digitizing customized solutions. In addition, the UST Innovation Lab will host a cutting-edge experience center where SMEs can receive consultation and transformation plans for their businesses. There is significant demand in Malaysia's Northern Corridor for innovation-oriented solutions which enhance productivity, create jobs and offer upskilling opportunities necessary to make the region a preferred manufacturing hub. By leveraging UST 'Innovation Labs', it is possible to accelerate idea development utilizing globally connected infrastructure, platforms, tools and teams. "This high-profile collaboration will unite industry leaders in the hardware and software sectors to accelerate the development of meaningful Industry 4.0 solutions. By working together, all three companies will contribute towards achieving the essential business goals of Malaysian SMEs while helping them plan for the future." -Amar Chhajer, Country Head Malaysia, UST. Both Intel and SAP are dedicated to working with UST to accelerate the rollout of Industry 4.0 systems and solutions. Intel has established itself as a market leader by providing an extensive ecosystem of secure and scalable building blocks for industrial IoT solutions that bring intelligence to operating assets and reveal insights from data. Intel Xeon, Core & Atom based Industrial PCs & IoT devices, Intel Vision products & Movidius VPUs, are a few of the wide solutions and technologies from Intel for industrial IoT. Similarly, SAP works to develop innovations which bridge the physical and digital worlds to make intelligent and autonomous systems possible. By partnering with these dynamic companies, UST is making it possible for enterprises to realize the full benefits of next generation technology. About UST: For more than 22 years, UST has worked side by side with the world's best companies to make a real impact through transformation. Powered by technology, inspired by people, and led by our purpose, we partner with our clients from design to operation. Through our nimble approach, we identify their core challenges, and craft disruptive solutions that bring their vision to life. With deep domain expertise and a future-proof philosophy, we embed innovation and agility into our clients' organizations—delivering measurable value and lasting change across industries, and around the world. Together, with over 30,000 employees in 30+ countries, we build for boundless impact—touching billions of lives in the process.

Read More

MANUFACTURING TECHNOLOGY

Skillnote Releases "Skillnote Insight" for Analyzing Skill Data on Manufacturing Personnel

Skillnote | November 11, 2022

Skillnote Corporation has released Skillnote Insight, a new function of the Skillnote skill management system. Skillnote Insight is a function for analyzing skill information, qualification information and training information on employees centrally managed using Skillnote along a variety of axes such as division, age group and timeline. This enables analysis and understanding of information such as the status of skills held and the status of education for the entire organization from a macro perspective, and supports strategy formulation and decision making not only in front-line divisions, but also head office HR divisions and top management. Skillnote Insight is a new function integrated with the existing functions of Skillnote, significantly enhancing their value. Background of development The environment surrounding manufacturing is currently undergoing significant change. Under these conditions, there is pressure for transformation of the skills needed from employees and the methods used for human resource development. Skillnote perceives employee skills that are the source of strength for enhancing the competitiveness of manufacturing companies to be useful data, and believes it is important to actively utilize this in business strategy and management strategy beyond conventional management in front-line divisions. Skillnote Insight was developed to contribute to not only front-line divisions but also companywide strategy formulation and decision making by increasing the utility of data collected through skill management in manufacturing sites and analyzing it from a more macro perspective. Key Features of Skillnote Insight Multiple analysis templates reflecting Skillnote's insight and know-how are available Reduction of hassle and time needed for file integration and data collection Analysis results can be output to formats such as PDF and Excel to share and use in reports User permissions can be set About the Skillnote skill management system: Skillnote is a skill management system enabling the centralized management and operation of skill matrices that have previously been managed on manufacturing sites using paper or spreadsheets. It enables planned human resource development and human resource assignment using competence information on employees on manufacturing sites. Organically linking the training information and qualification information along the access of employees' skill information enables the drafting and progress management of development plans optimized for individuals. About Skillnote Corporation: Skillnote Corporation (head office: Chuo-ku, Tokyo; CEO: Takafumi Yamakawa) was founded in 2016 and is a global company providing the Skillnote skill and training management system focused on manufacturing sites. With the vision of "Realize a world where all workers can grow and have a fulfilling career" the company is aiming for the realization of a society where everyone involved in manufacturing works energetically by scientifically analyzing the growth of people working in manufacturing.

Read More

MANUFACTURING TECHNOLOGY

Canvass AI Showcases AI Solutions for Steelmakers to Optimize Production and Reduce GHG Emissions

Canvass AI | November 22, 2022

Canvass AI, a leader in industrial AI-as-a-Service, will today detail and discuss its series of packaged AI solutions for the steel industry at the Artificial Intelligence and Steelmaking Summit. The Company will deliver a presentation on Leveraging Industrial AI to Increase Throughput in Steel Manufacturing at 12:00 pm November 22nd EST (17:00 GMT). "Canvass AI has worked very closely with steelmakers on maximizing throughput in steel production. The additional benefits, however, reducing energy costs, remelts, and GHG emissions, are what organizations are looking for most from AI and digital transformation – a road toward sustainability." -Humera Malik, CEO, Canvass AI. The session on Leveraging Industrial AI to Increase Throughput in Steel Manufacturing will cover: How a leading steel manufacturer is projecting an increase in throughput by over 10% within the first week of using the Canvass AI platform Key considerations on how to successfully apply industrial AI in operations How the Canvass AI platform predicts optimal throughput speed for common steel-making processes, such as annealing, to maximize productivity without jeopardizing quality Canvass AI's packaged AI solutions for the steel industry are designed to capture institutional knowledge and include: Process Suite that reduces raw material costs, improves quality and reduces waste; Net-Zero Suite™ that optimizes water use/reuse, waste reduction and minimizing GHG emissions without compromising production goals; and Asset Suite that reduces energy costs and increases reliability with reduced downtime. About Steel Times International and the Artificial Intelligence and Steelmaking Summit The Artificial Intelligence and Steelmaking Summit is run by Steel Times International, which has served as the leading journal for the steel and iron manufacturing industries for over 150 years. About Canvass AI: Canvass AI is a leading software provider enabling industrial companies to exceed their operations and sustainability targets with patented industrial AI technology. Its AI-as-a-Service is designed to co-exist with existing technologies and empower workforces to achieve faster sustainable outcomes. Backed by Alphabet, and Yamaha Motor Ventures, Canvass AI is a member of the World Economic Forum's Global Innovation Community, Next Generation Manufacturing Canada, and is recognized by CB Insights as one of the world's top 50 technology companies that is advancing manufacturing.

Read More

Spotlight

Openness to taking new paths is key to surviving competition and constant changes in requirements. That’s why we developed Siemens Xcelerator, the new platform that will make our portfolio accessible as a service. Flexible and customized. Interoperable with applications working seamlessly together and open, integrating into existing IT landscapes via open interfaces. You’ll always be able to adapt to new conditions. Sustainably, so that your processes continue to run reliably in the future.

Resources