In this episode of PSR PowerTALK, Yosyf Sheremeta, PhD, Dir. of Prod. Mgt. & Customer Experience, discusses why the North American economy could post record growth of more than 6% in 2021.
Transcript
Welcome to the PSR PowerTALK podcast, produced by Power Systems Research.
00:06 Joe Delmont:
From Power systems Research I’m Joe Delmont, editor of PSR PowerTALK.
Today, we’ll discuss the economic outlook for North America. This forecast has been developed by Yosyf Sheremeta, Director of Product Management and Customer Experience at Power Systems Research. Yosyf provides our clients with economic and production forecasts each quarter. Thanks for joining us today Yosyf.
Current and Future Supply Chain Concerns For Medium and Heavy Vehicles Will Be Discussed
Erik Martin
Chris Fisher
Power Systems Research will produce a one-hour webinar with the Heavy Duty Manufacturers Association (HDMA) discussing current and future supply chain concerns, especially as they affect Medium and Heavy Commercial Vehicles.
When? Wednesday, April 21, 2021 from 1:00 – 2:00 pm ET
What? Future areas of supply chain concerns, secondary effects of logistic and shipping issues, and current economic conditions and demand drivers.
How much? FREE for HDMA members; $100 for non-members
The scheduled presenters include
Chris Fisher – Senior Commercial Vehicle Analyst, Power Systems Research
Erik Martin – Director, Asia Region, Power Systems Research
Richard Anderson – Director, Market Research & Analysis, HDMA
How do I register? By clicking below!
Space is limited, so please register as soon as possible using the REGISTER NOWbutton on the HDMA website at www.hdma.org. If you are not a PSR Client or HDMA Member, an individual registration is $100.
Hope you can participate. During the session, we’ll discuss the future areas of supply chain concerns, secondary effects of logistic and shipping issues, and current economic conditions and demand drivers, especially as they apply to Medium and Heavy Vehicles.
Richard Anderson will present the latest findings from his current PULSE member survey, and the session will conclude with a participant Q&A. PSR
The Q4 2020 PSR PowerTracker survey provides information on North American gen-set sales from manufacturers, consumers and retailers. Joe Zirnhelt, Power Systems Research, President and CEO, provides the analysis.
Transcript
Welcome to the PSR PowerTALK podcast, produced by Power Systems Research.
00:06 Joe Zirnhelt:
From Power Systems Research, I am Joe Zirnhelt. In today’s PowerTALK podcast we will discuss results from the fourth quarter of 2020 based on our ongoing PowerTracker survey.
107,250 units is the estimate by Power Systems Research of the number of Snowmobiles to be produced in Canada, Finland, Italy, Japan, and the U.S. 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.
PSMA Rus plant, located in Kaluga, Russia, has made first testing sample of ned DV6 motor.
First engine was produced in February. Engine production in the plant was set according to obligations for product localization, written in the contract with Russian government.
Turbocharged DV6-EL engines have 1,6-liter volume. They will be set to LCV models, produced on Kaluga’s plant.
PSMA plant in Kaluga makes Peugeot, Citroen, Mitsubishi cars for Russian market. The production started in 2010.
PSR Analysis. If the project succeeds, it will be smallest mass produced diesel engine in Russia. Whereas EU countries are trying to cut off diesel powertrain production, Russia invites it into the country. PSR
The Department of National Security of Norway may block the purchase of engine OEM Bergen Engines belonging to Rolls-Royce by Russian Transmash-Holding. According to Justice Minister of Norway Monica Melan, the acquisition may be a threat to national security. The deal is estimated at €150 million. According to the minister, it’s necessary to suspend a deal to collect information for making a final decision.
Bergen Engines was founded in 1946. Since then, the company delivered more than 7,000 engines, 5,000 of them still operating. Current personnel number is 900 people.
The joint venture of KAMAZ and ZF Friedrichshafen AG is going to establish mass production of 12-speed automated gearboxes Traxon for trucks, buses and special machines with 44-80 ton capacity. At the moment, the JV is offering mechanical transmissions only. According to the plan, the production of gearboxes will be localized on 24%, power steering, by 10%, suspensions, by 40%. New products will be supplied to KAMAZ trucks, as well as to other OEMs – MAZ-MAN, Ural, Isuzu, etc.
The total budget of the new project will be US$ 15 million (1.1 billion Rubles). About half of it will be provided by the Industry Development fund as a privileged loan.
The privileged loan will be provided by the fund on 1-3% interest rates for up to seven years.
PSR Analysis: There is a long history of co-operation between KAMAZ and German ZF. Now, with the State support, they are going to offer to the market brand new equipment, which was not available on domestic trucks before. PSR
Maxim Sakov is a Market Consultant – Russia Operations with Power Systems Research
As the industry is coming out from the COVID impact, its growth is hurt by a shortage of semiconductors. Many OEMs have revised the production plans downward due to this shortage. We anticipate the shortage of semiconductors will exist for the next 4-5 months. Though it will hamper monthly production, it will have only a moderate impact on the total year’s production. But If the chip shortage lasts, production cuts could reduce the inventory of vehicles for sale in India and overseas markets.
The issue started in the Q2 2020. Due to COVID-19, auto OEMs worldwide drastically reduced their production and component orders. Concurrently, chipmakers were improving the supply chain, which had been disrupted by COVID-19. They witnessed a spurt in orders from electronics companies for items such as phones, laptops, gaming console makers and witnessed a spike in sales volume during the pandemic caused by changing work and school patterns.
China and South Korea are increasing their investments in Indonesia. According to BKPM (Indonesia’s Investment Coordination Agency), China (including Hong Kong) accounted for $8.4 billion in foreign direct investment (FDI) in 2020, up 11% from the previous year, and South Korea accounted for $1.8 billion, up 64%.
Japan, which has been the driving force behind investment to date, has seen a clear decline of 40% to $2.6 billion. Singapore ranked first in FDI in 2020 with $9.8 billion, followed by China and Japan in second and third place, then the European Union in fourth place, and South Korea in fifth place.
Doosan Infracore announced in March that it had introduced the industry’s first wheel loader with a “transparent bucket” function.
The transparent bucket is a system that allows the wheel loader driver to see even blind spots in front of the bucket through the monitor in the cockpit. The innovative system records images in front of the wheel loader with cameras installed at the top and bottom and shows the combined images in real time using a curved projection method.
The front of the wheel loader has been considered a major safety issue due to blind spots. With the transparent bucket function, however, the driver can easily check the blind spot in front of the bucket with a monitor to prevent safety accidents.
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