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PowerTALK™ News, July 2021
Download PDFIN THIS ISSUE is a report on global truck production that shows truck production growing by nearly 200% in Q2 2021. Read the Q2 2021 PSR Truck Production Index report in the July issue of PowerTALK™ News.
Here are more articles in this issue:
- Edge Computing Connects America
- North America: Strong Post-pandemic Economic Growth Seen
- DataPoint: North American Excavators
- Europe: HansYachts Group Reports ‘Exceptional Year’
- South America
- Chinese Great Wall Acquires Mercedes Facility
- Green Hydrogen Projects Developed in Brazil
- Tupy Developing Hydrogen Engine
- Taiwan: Acquisition May Create Powerhouse
- Japan: Sony Joins Komatsu DX Alliance
- South Korea: SK, LG To Build EV Battery Plant
- Indonesia: Sany Challenges Komatsu
- India: Second FAME II May Boost EV Demand
- Russia
- Russia To Suspend Auto Support
- KAMAZ Introduces Articulated Truck
- Sinara May Cut 20% of Workers
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Sony Joins Komatsu’s DX Alliance
On July 1, Komatsu launched EARTHBRAIN, a new company for the digital transformation (DX) of construction sites. The new company will provide services that will lead to significant cost improvements by digitizing and analyzing data from construction sites.
The parent company of the new company is LandLog, an IoT (Internet of Things) open platform company established by Komatsu in 2017. The investors will be substantially replaced, and some members of Komatsu’s digital unit will be transferred to the new company.
After approval by overseas authorities, Komatsu will provide 54.5%, NTT DoCoMo 35.5%, and Sony Semiconductor Solutions and Nomura Research Institute (NRI) 5% each. The company is well capitalized with more than 15 billion yen. Newly added to the list are Sony and NRI. Sony has an advantage in image sensors. NRI will provide its expertise in developing digitalization solutions.
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ENGIE EPS Acquisition May Create Euro-Asian Powerhouse
Erik Martin TAIPEI–The acquisition of a 60.5% stake in ENGIE EPS by Taiwan Cement Corporation (TCC) was finalized and completed in July.
The deal, which was announced in April, saw the Italy-headquartered stationary storage and e-mobility solutions subsidiary of French multinational Engie taken over by TCC subsidiary Taiwan Cement Europe Holdings.
What both parties get out of the deal
In a press release, TCC said it has now become a “major player” in electric vehicle charging infrastructure as well as its newly acquired capabilities in building large-scale battery storage systems and microgrids.
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Tupy Developing Efficient Hydrogen Powered Engine
Fabio Ferraresi Brazilian Tupy is working with AVL and Westport Fuel Systems to develop a high efficiency ICE powered by Hydrogen, targeting long haul Trucks. Tupy supplies superior materials casting and high precision machining for high pressure injection engines designed and tested by AVL and Westport. First outcomes of the work are expected at the beginning of 2022.
Source: Automotive Business Read The Article
PSR Analysis: With the Zero Emissions target and the need for efficient…
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US$ 22 Billion in Green Hydrogen Projects Planned in Brazil
From January to June, six Intention Letters to install H2V facilities have been signed by companies and the total of investment involved is around US$ 22 billion. One of the players is the Australian Fortescue, one of the six biggest producers of iron ore in the world. Companies of renewable energy such as the also Australian Energix Energy and petrochemical as British Petrol are also behind the investment plans.
Source: Valor Read The Article
PSR Analysis: The investment is…
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Chinese Great Wall Acquires Mercedes-Benz Facility in São Paulo
Although the acquisition has not been confirmed by the companies, the Journal “O Globo” published a report that an internal communication to Mercedes employees about the deal was released June 25 with technical details of the facility confirming it meets the requirements of the Chinese company.
Source: Autoespoerte / O Globo Read The Article
PSR Analysis: It looks like the perfect match as it is a good opportunity for the German car maker to sell the assets of the plant stopped in…
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HanseYachts Group Reports ‘Exceptional Year’
Natasa Mulahalilovic German boat manufacturer HanseYachts AG has announced preliminary financial results for 2020-2021 that it has described as “exceptional for the company in all respects.”
The group, established in 1990, manufactures sailing, motor yachts and luxury sailing, and motor catamarans under the brands Hanse, Dehler, Moody, Privilege, Fjord and Sealine. Boats are produced in Germany and France, and are equipped with Volvo, Yanmar and Mercury engines.
Despite the production problems caused by delays in parts supply, the group achieved record results in 2020/2021, with the order book counting more than 1,000 boats. Previously, the group’s best year was 2007/2008 when 940 boats were ordered. The revenue this year is expected to be more than € 230 million.
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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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DATAPOINT: NA Excavators, 2021 Production: 19,900 Units
19,900 units is the estimate by Power Systems Research of the number of Excavators to be produced in North America in 2021.
This information comes from industry interviews and from two proprietary databases maintained by Power Systems Research: EnginLink™ , which provides information on engines, and OE Link™, a database of equipment manufacturers.
Market Share: With combined plant totals of 47.5% Caterpillar leads in production of excavators in North America. In second position is Doosan Bobcat with 22%; third, is Deere-Hitachi with 14.5%.
Exports: Collectively, up to 30% worldwide.
Trends: Excavators are heavy pieces of equipment designed for large scale projects for a variety of sectors that include construction, mining, and industrial activities. Despite the recent lull in production, excavators are a popular device for construction activities.
Production of excavators in North America decreased 9% in 2020, largely because the global pandemic made 2020 challenging across most industries. The off-highway segments (agricultural, construction and industrial) saw dramatic production drops in 2020 compared to 2019.
Another factor in the recent decline is the fact that purchasers are choosing backhoe loaders that are more versatile than excavators. Expect production to gain an additional 3% by 2025.
As fabrication has resumed, assembly is back on track for 2021 with an expected gain of 9% from last year to a total of about 19,900 units.
One example of the rebound: Doosan Bobcat North America, a global leader in the compact equipment industry, is celebrated the completion of a $26 million expansion at its manufacturing facility in Litchfield, Minn., in Q2 2021. The 15-month project nearly tripled the size of the facility, from 70,000 square feet of office and manufacturing space to nearly 200,000 square feet. PSR
Carol Turner is Senior Analyst, Global Operations, for Power Systems Research
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Edge Computing Helps Connect America
John Krzesicki Cities, nationally and globally, are embarking on innovative efforts to harness the benefits of rapidly emerging technologies to improve citizens’ quality of life, increase operational efficiency, and enhance economic vitality and sustainability.
These efforts often involve changing the nature of data storage and transfer, primarily by moving these steps from data storage “clouds” to local data centers closer to the application.
Since Power Systems Research began tracking global equipment manufacturers in 1976, its analysts have been aware of new technologies and electrification trends such as these which can affect future markets. Today, we’re closely following these changes in data transfer and storage.
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