Groundbreaking (Bhoomi Pooja) on February 19, 2018 Celebrates Initial 2 Million Wheels

PUNE, India-Tuesday, January 9th 2018 [ AETOS Wire ]

(BUSINESS WIRE) -- Maxion Wheels, the world’s largest wheel manufacturer, announced today the formation of a new legal entity, Maxion Wheels Aluminum India Private Limited, as a key step in its plan to develop and produce up to four million light vehicle aluminum wheels annually in India. The Company has secured property in Pune, India and will initially build a 25,000 square meters manufacturing plant with annual capacity of two million wheels beginning production expected for the third quarter of 2019. Additional land was also purchased for a plant expansion that will increase annual capacity to four million wheels in the coming years.

“Maxion Wheels is committed to serving its customers’ growing demand for light vehicle aluminum wheels, especially in India where market growth is outpacing availa ... Read more »

New opportunities will emerge as vehicle parc set to exceed 10 million by 2022, finds Frost & Sullivan’s Mobility team

Dubai, United Arab Emirates-Tuesday, January 9th 2018 [ AETOS Wire ]

The Kingdom of Saudi Arabia’s (KSA) automotive parts aftermarket is undergoing significant changes that are pushing companies to realign their business models with new conditions. Declining demand for new cars, growing competition, and change in brand preferences are opening up fresh business opportunities for parts suppliers, distributors, and retailers.

Frost & Sullivan’s industry docket, Auto Component Aftermarket Outlook, Saudi Arabia (KSA), 2017, finds that despite current challenges, the market is set to experience an annual growth rate of 5.9 per cent from 2017 to 2022, with over 10 million vehicles in operation by 2022. The docket shows the potential of KSA’s parts aftermarket across light, medium, and heavy vehicles, an ... Read more »

Dubai, United Arab Emirates -Monday, January 8th 2018 [ AETOS Wire ]

Leading pump manufacturer Grundfos has announced the appointment of Okay Barutçu to the role of Group Senior Vice President and Regional Managing Director of Grundfos East Europe, West Asia, Middle East & Africa region.

The East Europe, West Asia, Middle East & Africa region is a newly defined sales region together with Western Europe, which made up the original Europe, Middle East and Africa markets before the split (effective 1 January 2018) to support Grundfos’ global growth ambitions.

In his new role, Okay will lead the company’s business across over 80 countries including 14 wholly-owned sales companies, a number of liaison offices and local assembly plants Grundfos operates in the region. He will also be spearheading opportunities for the company’s development and expansion in this region.

Prior to this role, Okay was the Group Senior Vice President an ... Read more »

Synapse Biomedical Inc. Receives CE Approval for TransAeris, the First Medical Device Approved for the Treatment of Ventilator Induced Diaphragm Dysfunction (VIDD)

OBERLIN, Ohio-Monday, January 8th 2018 [ AETOS Wire ]

(BUSINESS WIRE) -- Synapse Biomedical (www.synapsebiomedical.com), an innovator in neurostimulation and manufacturer of the NeuRx Diaphragm Pacing System®, announced today, the CE Mark approval for the TransAeris™ System. TransAeris is a temporary diaphragm stimulator, for use in intensive care unit (ICU) patients on mechanical ventilation (MV). While MV provides life sustaining respiration, side effects of prolonged MV include diaphragm atrophy and dysfunction, which is referred to as ventilator-induced diaphragm dysfunction (VIDD). A primary contributor to extending ICU ventilator weaning times, VIDD increases health care costs and greatly increases patient morbidity and mortality. Building on more than 25 years of diaphragm pacing researc ... Read more »

 Orange Romania’s DTH TV subscribers will continue to enjoy the largest number of HD channels in the country via ASTRA 31.5 degrees East

LUXEMBOURG-Monday, January 8th 2018 [ AETOS Wire ]

(BUSINESS WIRE) -- Globecast, the global solutions provider for media, has extended its partnership with SES for the premium TV distribution services it provides to Orange Romania using SES’s satellite capacity.

Under the multi-year extension announced by SES, Globecast will lease several transponders on ASTRA 5B at 31.5 degrees East to serve Orange Romania, which uses the capacity to broadcast 112 channels, of which 52 are in HD, using the DVB-S2 and MPEG-4 technical standards. Globecast manages the contribution, encryption and encoding for the entire TV package, as well as signal transport to the uplink facilities for ASTRA 5B.

Orange Romania’s premium TV offer was launched in June 2013 with the support of SES, leveraging the h ... Read more »