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Heli Breaks Ground for Factory in Thailand
Jack Hao Heli Industrial Vehicles (Thailand) Co., Ltd.’s broke ground for its industrial vehicle assembly and lithium battery pack production factory at the Navaan Nong Khuang Industrial Park in Chonburi Province, Thailand Nov. 27, 2025.
To consolidate and expand its leading position in the global market, actively advance its global strategic layout, and build a global production and supply system, Anhui Heli Co., Ltd. has established a strategic partnership with Siam Motors Parts Co., Ltd., a local Thai enterprise, to jointly establish Heli Industrial Vehicles (Thailand) Co., Ltd.
Through this joint venture, the two parties will co-invest in building a new manufacturing base in Thailand, creating an integrated production and sales platform for industrial vehicle complete machines and lithium battery systems.
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EU-US Trade Deal Threatens European Production
Emiliano Marzoli The EU-US trade agreement is facing intense criticism from European policymakers and industry leaders who deem it unbalanced, unfair, and a “significant policy mistake.” The persistence of high US tariffs and mounting non-tariff barriers are severely hurting Europe’s export-oriented industrial sector. Experts warn the deal has cornered the EU, increasing its dependency on critical raw materials and semiconductors.
Specifically, US Section 232 tariffs on steel and aluminium derivatives are crippling the machinery sector with complex compliance rules. Failure to comply can trigger punitive tariffs up to 200%, prompting some firms to halt US exports entirely and leading to a sharp drop in sales (e.g., German machinery exports have fallen 18.5%). EU lawmakers are now pushing for amendments, including sunset clauses and safeguards, amid concerns that the current framework is unsustainable.
Source: Euractiv Read The Article
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Greenhouse Gases from Mining Are Targeted
Akihiro Komuro Reducing greenhouse gas emissions at mining sites is a pressing issue. The number of emissions from mines around the world is about 1.9 to 5.1 billion tons per year, which is more than Japan’s annual emissions of about 1.1 billion tons. In addition to methane gas emissions from coal mining, heavy equipment powered by diesel engines is also a source of emissions, and there is a trend toward electrification of mining equipment.
In August, Komatsu announced the development of a diesel-ethanol blended fuel engine. The engine is for large dump trucks, and Komatsu will work with Brazilian mining giant Vale and U.S. engine giant Cummins. Brazil has a high global share of bioethanol production from plant materials. The use of bioethanol is expected to reduce CO2 emissions by up to 70%. The company wants to put it into practice at Vale’s mining sites. In 2023, it signed an agreement with General Motors of the United States to jointly develop hydrogen fuel cell modules. The goal is to install the batteries in large dump trucks with a load capacity of about 290 tons and to start testing them in the second half of the 2020s.
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PSR Is Looking Forward To INTERMAT 2024
PARIS—The 2024 edition of INTERMAT, the International Exhibition for Construction and Infrastructure, is coming up soon. The four-day show will be held at the Paris Nord Villepinte Exhibition Center 30 minutes from Paris April 24-27, and Power Systems Research will be there.
INTERMAT is a leading trade show that brings together close to 1,000 industry exhibitors from the construction and infrastructure sectors worldwide. It showcases the latest equipment, materials, innovations, and technologies in the global construction industry.
PSR team members will attend INTERMAT to gather information from exhibitors and attendees on the newest products and industry trends.
If you would like to meet with us at the show, please contact us to schedule a meeting.
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Caterpillar and NMG Sign Circular Supply Chain Deal
Nouveau Monde Graphite Inc. (NMG) and Caterpillar Inc. have signed agreements to provide a zero-exhaust emission fleet, supporting infrastructure, and service for NMG’s Matawinie Mine. Caterpillar will supply heavy mining equipment to transition from traditional models to Cat zero-exhaust emission machines.
Additionally, a non-binding memorandum of understanding (MoU) has been signed between the two companies to advance commercial discussions targeting NMG’s active anode material.
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Show Report: 2022 NEW Environmental Exposition
FAR EAST: JAPAN REPORT
Akihiro Komuro Last month, I visited the three-day 2022 NEW Environmental Exposition, an exhibition of environment-related equipment in Tokyo. The show promoted the effective use of resources, new energy and energy reduction, and the utilization of CO2 emission reduction technologies
Source: Official Website
PSR Analysis: The exhibition featured many environment-related devices for waste treatment, demolition, bioplastics, water treatment and purification, heat utilization systems, recycling, and more.
Large equipment such as those that crush and efficiently separate debris mixed with earth, sand, and wood; metal recovery systems from seawater using special fibers, and equipment related to crushing wood, stone, and other materials were eye-catching in variety and size.
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Global: Recovery Is Strong, but Uneven
GLOBAL REPORT
Yosyf Sheremeta SUMMARY. The global economy performed very well in 2021 and continues to recover, along with trade, employment and incomes. But the revival is unbalanced, with regions/countries, businesses and people facing very different economic realities. Recent improvements also conceal structural changes, which means that some sectors, jobs, and technologies will not return to their pre-pandemic trends. Based on the most recent economic developments and trends, Power Systems Research remains somewhat optimistic about the global recovery.
Many of us hoped to be in the post-Covid phase by now, but it is evident that there is no quick way out. The pandemic has had a profound impact on the world economy, and it will continue to challenge established norms of life and business into the foreseeable future. As we start the new year, many challenges remain, new and old alike: re-surgency of COVID variants, restrictions on travel, supply chain challenges, shortages of materials/goods, inflation, and employment, as well as renewed geopolitical tensions across many parts of the globe.
Power Systems Research witnessed a strong economic recovery globally in 2021, despite regional differences. Output in most OECD countries has now either surpassed or is about to reach pre-pandemic levels, but lower-income economies, particularly those where vaccination rates are low, are at risk of being left behind. Furthermore, the rebound will continue to vary widely among different market segments.
Global inflation re-surfaced in 2021 and presents a real risk to economic recovery in all regions. The renewed inflationary pressure risks lasting longer than was expected a few months ago. The surge in retail and wholesale energy costs in late 2021 will undermine economic growth prospects for large parts of Europe and Northeast Asia well into 2022. Rising food and energy prices already have impact on low-income households in particular.
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Strong Post-pandemic Growth Expected into 2022-23 for North America
Yosyf Sheremeta SUMMARY. After the GDP declined 3.5% last year, the worst performance in almost 75 years, the US economy is set for a strong comeback. There are many reasons to be optimistic about the economy for the next few years, including strong readings of macro-economic factors combined with the economic cycle reset backed by government initiatives and policies.
Our positive outlook is based on the reviews of key economic indicators, including GDP, unemployment, and inflation.
During H1 2021, we witnessed a strong level of activities and a rebound for many industries. As local governments eased lockdown restrictions, service-oriented industries gained traction and that translated to an overall increase of economic activities across many industries.
We expect this level of rebound to continue and we now expect even stronger overall growth for 2021. The US economy is on track to reach or even surpass the growth level of 1984 – the highest one since 1950s. In the near term, consumer spending will help drive demand and support the strong growth trend.
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