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Category: Manufacturing
Europe Urged to Overhaul Military Drone Procurement Amid Rapid Warfare Evolution
Europe faces urgent calls to transform military procurement systems to match the accelerating pace of drone warfare innovation. The new CEO of German attack drone maker Stark emphasizes that outdated purchasing models threaten regional security as the conflict in Ukraine demonstrates rapid technological evolution.
European Military Procurement Systems Need Drone Warfare Overhaul
Europe must fundamentally rethink military procurement to keep pace with the rapidly evolving landscape of drone warfare, according to reports from German attack drone manufacturer Stark’s newly appointed chief executive. Uwe Horstmann, who will be announced Thursday as the 15-month-old company’s first CEO, endorsed calls from Western military officials to update longstanding purchasing models that have failed to match innovation speeds since Russia’s 2022 full-scale invasion of Ukraine.
Stellantis Announces $13 Billion U.S. Manufacturing Expansion Across Midwest States
Stellantis has unveiled a historic $13 billion investment to expand manufacturing facilities across four Midwest states. The expansion will increase U.S. production capacity by 50% and create thousands of new automotive jobs through 2029.
Historic Manufacturing Investment
Stellantis has announced plans to invest $13 billion to expand its vehicle manufacturing footprint across the American Midwest, according to company reports. This represents the largest single investment in the company’s 100-year U.S. history and is expected to increase annual finished vehicle output by 50% while creating more than 5,000 new jobs.
Whirlpool Corporation Announces $300 Million Investment in Ohio Laundry Manufacturing Expansion
Whirlpool Corporation has announced a major $300 million investment in its Ohio laundry manufacturing operations. The expansion is expected to create hundreds of new jobs while strengthening the company’s domestic production capabilities for next-generation appliances.
Major Manufacturing Expansion in Ohio
Whirlpool Corporation has revealed plans to invest $300 million in its laundry manufacturing facilities located in Clyde and Marion, Ohio, according to company reports. Sources indicate this substantial investment will create between 400 and 600 new jobs while supporting approximately 5,000 additional positions outside the company through supply chain and economic ripple effects.
ASML Reports Strong Q3 2025 Results with €7.5B Sales, AI Integration and China Outlook Shift
ASML Holding NV reported €7.5 billion in total net sales for Q3 2025, with net income reaching €2.1 billion. The semiconductor equipment manufacturer announced progress in EUV adoption and AI integration while projecting a significant decline in China sales for 2026.
Strong Quarterly Performance
ASML Holding NV, the leading semiconductor equipment manufacturer, has reported robust third-quarter results for 2025, with total net sales reaching €7.5 billion and net income of €2.1 billion, according to their latest financial report. The company’s performance reportedly aligns with previous guidance, with gross margin standing at 51.6% for the quarter.
Caracol Secures $40M Series B Funding to Expand Advanced Manufacturing Globally
Italian-American robotics manufacturer Caracol has closed a $40 million Series B round with significant institutional investor participation. The funding will drive international expansion into Asia Pacific and strengthen capabilities in metal additive manufacturing for aerospace and defense applications.
Major Funding Round for Advanced Manufacturing
Caracol, a large-format robotics manufacturing company, has reportedly closed a $40 million Series B funding round according to recent announcements. Sources indicate the round was significantly oversubscribed, enabling some early investors to exit with substantial returns while bringing new institutional players into the company’s capital structure.
South Africa Poised to Become Global VRFB Manufacturing Hub, Study Finds
The Localisation Support Fund reports South Africa’s high-grade vanadium resources could establish the country as a key player in the growing vanadium redox flow battery market. With global VRFB capacity projected to increase from 4 GWh to 40 GWh by 2030, analysts suggest the timing is critical for investment in local manufacturing capabilities.
South Africa’s Vanadium Advantage
According to reports from the Localisation Support Fund (LSF), South Africa possesses significant potential to develop a commercial vanadium redox flow battery (VRFB) value chain. The assessment comes after the LSF commissioned energy consultancy Customised Energy Solutions to evaluate the country’s competitive positioning in the emerging energy storage technology sector.
Scania Invests €2 Billion in New Chinese Truck Factory to Expand Global Market Presence
Scania AB, a Volkswagen Group truck brand, has launched a €2 billion manufacturing facility in Rugao, China. This state-of-the-art factory will produce up to 50,000 vehicles annually, marking Scania’s largest investment to date and strengthening its foothold in the world’s biggest truck market.
In a strategic move to capitalize on the booming commercial vehicle sector, Scania AB, the renowned truck and bus manufacturer under the Volkswagen Group, has inaugurated a massive €2 billion production plant in China. This facility, located in Rugao, Jiangsu Province, is set to begin operations before year-end, with an annual capacity of 50,000 vehicles, positioning Scania to serve both the domestic Chinese market and export hubs across Asia. The investment underscores the brand’s commitment to expanding its global footprint, as total deliveries for Scania reached just over 102,000 units in the previous year, making this new factory a pivotal step in scaling production.
Strategic Expansion into the World’s Largest Truck Market
Swedish green steel firm Stegra seeks another $1.1 billion in financing
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Swiss Medical Manufacturer Ypsomed to Establish First U.S. Facility
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