Manufacturing & Industrial Technology

Sandvik Closes Diemme Filtration Deal, Adds SEK 1.1B Revenue

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Sandvik Closes Diemme Filtration Deal, Adds SEK 1.1B Revenue

Stockholm – October 12, 2026 -- Sandvik has completed its acquisition of Italy-based Diemme® Filtration, a business with estimated 2026 revenues of about SEK 1.1 billion and an EBITA margin accretive to the Rock Processing business area.

Sandvik creates a separate Filtration division within Rock Processing

Diemme® Filtration will be reported as a new, separate division named Filtration inside Sandvik's Rock Processing business area. The acquisition had been announced previously.

Diemme® Filtration employs about 200 people at its Lugo base

The company is headquartered in Lugo, Italy, where it operates a manufacturing facility and R&D capabilities. It has approximately 200 employees.

Sandvik Machining Chief Crauwels to Leave; Successor Sought by End-2026

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Sandvik Machining Chief Crauwels to Leave; Successor Sought by End-2026

Stockholm – October 12, 2026 -- Nadine Crauwels, President of Sandvik's Machining business area since 2020, is leaving the group after 26 years, with the company aiming to name a successor before the end of 2026.

Crauwels stays in post until a successor takes over

Crauwels, who joined Sandvik in 2000, will remain in her position until a replacement is in place. She will then continue for a period in an advisory role to ensure a smooth transition. Sandvik has already started the recruitment process.

Departure follows a career spanning Sandvik Coromant and Group Executive Management

Before leading the Machining business area, Crauwels held several senior leadership positions at Sandvik, including President of Sandvik Coromant. She has also been a member of the Group Executive Management.

Sandvik Sets Capital Markets Day for Nov 24-25 in Tampere

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Sandvik Sets Capital Markets Day for Nov 24-25 in Tampere

Stockholm – October 12, 2026 -- Sandvik will hold its Capital Markets Day on November 24-25, 2026, at Sandvik Mining's site in Tampere, Finland, with investor requests to attend due by October 30, 2026. The event opens with lunch on November 24.

Sandvik CEO Stefan Widing and CFO Cecilia Felton lead the presentations

Widing, President and CEO, and Felton, CFO, will present alongside business area management. The program covers Sandvik's equity story, including key achievements and strategic priorities.

The event targets institutional investors, financial analysts and financial media.

Guided tours focus on new technologies, digitalization and automation

Sandvik will use the event to showcase its latest innovations. The guided tours center on new technologies, digitalization and automation.

Sticker Mule Generated $2.7B for New York Economy in a Decade

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Sticker Mule Generated $2.7B for New York Economy in a Decade

Amsterdam, N.Y. – October 12, 2026 -- Sticker Mule generated more than $2.7 billion in economic activity for New York State between 2016 and 2025, according to an independent study by Epsilon Economics released by the company. The analysis covers the direct, indirect and induced effects of the custom-printing manufacturer's operations.

Study credits Sticker Mule with 9,500 year-long equivalent jobs and $681.5 million in wages

Of the 9,500 year-long equivalent jobs, 5,501 are directly at Sticker Mule. More than 4,000 are follow-on positions in real estate, employment services, warehousing, security, restaurants, hospitals and other industries across the state. Wages tied to those jobs total $681.5 million.

Company activity delivered $49.5 million in New York State tax revenue

The tax total includes $18 million in income tax, $15 million in corporate tax and $6.2 million in sales tax.

FFR, FFAI to Launch FF Nova Humanoid Robot at Oct. 14 Event

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FFR, FFAI to Launch FF Nova Humanoid Robot at Oct. 14 Event

Los Angeles – October 12, 2026 -- FF EAI Robotics Ecosystem Inc. (NASDAQ: FFR) and Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) will host a joint launch event on October 12, 2026, unveiling four products spanning humanoid robotics, Physical AI education and developer tools.

FFR and FFAI line up four launches for October 14

The lineup includes FF Nova, described as FF's first embodied AI humanoid robot for developers and educational institutions. It will debut at an exclusive, invitation-only event. FF will also introduce FF Nova Mini, a humanoid robot for foundational Physical AI education, together with the EAI Education Ecosystem Brain and Curriculum Skills 2.0.

The fourth launch is the FF Nova Developer Reinforcement Learning Platform, which will offer exclusive early access to the developer community. A full video will be available on October 15 at 5:00 p.m. PDT.

Global Sources HK Show Opens With 4,000 Booths Ahead of EU DPP Rules

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Global Sources HK Show Opens With 4,000 Booths Ahead of EU DPP Rules

Hong Kong – October 11, 2026 -- Phase I of the October 2026 Global Sources Hong Kong Shows opened at AsiaWorld-Expo with more than 4,000 booths and over 2,100 Asian suppliers, running October 11 to 14. The Consumer Electronics Show and Gaming Show are held concurrently, covering PC peripherals, gaming peripherals, audio-visual equipment, automotive electronics, personal transporters, photography accessories, and batteries and power products.

Greater Bay Area makers anchor the PC accessory and gaming floor

The floor features more than 1,600 PC accessory booths and nearly 500 gaming peripheral booths. Another nearly 1,900 booths cover audio-visual equipment, automotive electronics, personal transporters, photography accessories, and batteries and power consumer electronics.

Semiconductor Stocks Retreat as OpenAI Revenue Report Rattles AI Trade

Vancouver – October 11, 2026 -- The PHLX Semiconductor Index finished the week ended October 9 lower after the Financial Times reported that OpenAI told investors its annualized revenue was nearing $50 billion at the end of September, below the roughly $70 billion cited in earlier media reports.

The iShares Semiconductor ETF had advanced for five consecutive sessions at the start of October, and the sector's largest company hit a record high. Semiconductor valuations are closely tied to expectations for AI infrastructure spending, so the Thursday report weighed on the group while the broader market proved more resilient.

NOARK Cites 75-Day Order-to-Delivery for Data Center Power Gear

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NOARK Cites 75-Day Order-to-Delivery for Data Center Power Gear

Las Vegas – October 11, 2026 -- NOARK Electric completed a recent North American project in approximately 75 days from order to on-site delivery, the company said at Yotta 2026, where it pitched a localized delivery model for AI-driven data center power infrastructure.

NOARK ties delivery speed to engineering, logistics and local fulfillment

The company attributed the 75-day timeline to coordinated engineering, manufacturing, logistics and local fulfillment. A dedicated regional delivery team handles order execution, production, logistics and project delivery. Local support extends to commissioning, technical assistance and after-sales service.

Zoomlion Mining Machinery Sales Jump 57% as Overseas Revenue Hits RMB 15.5B

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Zoomlion Mining Machinery Sales Jump 57% as Overseas Revenue Hits RMB 15.5B

Changsha – October 11, 2026 -- Zoomlion's mining machinery business grew by more than 57.20% year on year in the first half of 2026, while company-wide international revenue rose 12.45% to RMB 15.535 billion.

International business accounted for 57.25% of total revenue, up 1.67 percentage points from a year earlier. Growth in South America, Europe, Southeast Asia, Africa and East Asia outpaced the company's overall international growth rate.

Zoomlion pitches lifecycle cost savings as the core of its mining sales case

The company's mining portfolio covers excavation, loading, haulage, crushing and screening. Flagship models include the ZE4000G, a 400-tonne mining excavator, and the ZTE520 hybrid electric-drive truck, which has a rated payload of 300 tonnes.

NYSE American Gives IT Tech Packaging Until April 2027 to Cure Filings

Baoding – – October 09, 2026 -- NYSE Regulation has granted IT Tech Packaging (NYSE American: ITP) a plan period through April 15, 2027 to file three overdue SEC reports, keeping the paper maker listed while it works to restore compliance.

NYSE Regulation accepted ITP's extension request on October 7, 2026

ITP submitted the request on October 1, 2026. Section 1007 of the NYSE American Company Guide requires one when a company cannot cure a filing delinquency within the first six months of the maximum 12-month cure period. NYSE Regulation's letter of October 7 accepted the request and covers the delayed filings plus any subsequently delayed filings.