NEW YORK, September 26, 2016 /PRNewswire/ --
Industrial manufacturing companies still feel the burden of the 2008 financial crisis.
For about a decade before the crisis industrial-manufacturing businesses had to adapt to
new technologies, invest in equipment in order to improve factory performance, and
achieving new global standards. After 2008 these companies were left with substantial
liabilities and a global recession putting pressure on sluggish efforts in growth. Cemtrex
Inc (NASDAQ: CETX), 3M Co (NYSE: MMM), General Electric (NYSE: GE), Lockheed Martin
Corporation (NYSE: LMT), Boeing Co (NYSE: BA)
A report by PWC indicates that industrial-manufacturing business is back to a similar
environment at which it was before the crisis. Once again technological transformation is
required to operate at new global standards - The Internet of Things, augmented reality,
and 3D printing are all innovations that have already changed industrial-manufacturing
As a result smaller companies like Cemtrex Inc (NASDAQ: CETX) have focused their
attention to technical changes. Cemtrex is a diversified industrial and manufacturing
company. The Company operates in a range of business segments and provides solutions to
manufacturing industries. Through its Electronics Manufacturing Services group the company
provides end-to-end electronic manufacturing services including product design and
sustaining engineering services, systems integration, testing services and assembled
Cemtrex Inc. (CETX) has been very active in expanding their operations overseas.
Earlier this month the company announced that it has fully integrated with the recently
acquired Periscope, an electronics manufacturing company located in Paderborn, Germany.
With the integration complete, Cemtrex secured a broader base and larger market share in
the Eurozone and claims that it has become among the top 20 EMS companies in Germany.
Cemtrex Inc. (CETX) Chairman and CEO, Saagar Govil, commented, "In a very short period
of time, the combination of our existing German operation and Periscope has revealed
tremendous synergies for us. ROB Cemtrex is now exceeding our earlier expectations, as
evidenced by our record recent contract wins, including with a very large automotive
industry supplier. Our opportunities in the Eurozone are bright and we have high
expectations for our growing company." Shares of the company are up 148% from its 52-week
low earlier in the year.
Meanwhile, large companies are investing heavily in technologies. 3M Co (NYSE: MMM) is
a popular technology company with an industrial segment that serves markets, such as
automotive equipment, electronics, paper and printing, packaging, food and beverage, and
construction. 3M has recently announced the development of a new patent pending technology
for 3D Printing of fluorinated polymers, which are an integral material in numerous
manufacturing processes. The fluorinated polymers are known for high durability,
resistance to various chemicals and high temperatures.
General Electric (NYSE: GE) is also making aggressive moves to embrace 3D printing for
faster production. Earlier this month GE announced the acquisition of two 3D printing
companies, the total value of which was $1.4 billion. Edward Herderick, additive
technologies leader at GE's corporate supply chain and operations business explained why
the adapting of 3D printers is beneficial, "We can make components in no-fail industries
that are repeatable, affordable and comparable to traditional industries... Every additive
machine is like a foundry."
Over the last year both Boeing Co (NYSE: BA) and Lockheed Martin Corporation (NYSE:
LMT) proved that it is not only possible, but also actually practical to use augmented
reality technology for manufacturing. Both companies used augmented reality glasses to
build jets. The glasses displayed educational software that provided real-time visuals
during the plane's assembly, as well as helping to ensure that every part on the plane was
correctly put in its place.
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