Day: December 19, 2022

Global programmable logic controller (PLC) market was valued at USD 11.8 Billion in 2021 and it is expected to reach at USD 17.6 Billion by 2028, with CAGR of 4.8% over the forecast period (2022-2028). Westford, USA, Dec. 19, 2022 (GLOBE NEWSWIRE) — The global programmable logic controller (PLC) market is expected to grow at a CAGR of 4.8% from 2021 to 2028, owing to the increasing adoption of automation in various industrial sectors. The market is segmented on the basis of product type into industrial controllers, process controllers, and machine control solutions. The industrial controller’s segment is expected to grow at the fastest rate, owing to the increasing adoption of automation in various industrial sectors. The market for machine control solutions is expected to grow faster than the market for process controllers and...

Global connected agriculture market size was valued at USD 3.35 billion in 2021, and it is expected to reach a value of USD 7.24 billion by 2028, at a CAGR of 17.07% over the forecast period (2022–2028). Westford, USA, Dec. 19, 2022 (GLOBE NEWSWIRE) — A major report by the market research firm SkyQuest details the potential for the connected agriculture market to grow rapidly, as farmers harness new technologies to improve crop production. We define the connected agricultural industry as those that are “connected to one another and to the internet,” through sensors and embedded systems. The report finds that embedded technology and data analytics can help farmers increase crop yields, track vital data about their crops, manage irrigation systems more effectively, and optimize fertilization regimens. The Embedded technology also...

Global forklift trucks market was valued at USD 52.8 billion in 2021, and it is expected to reach a value of USD 114.55 billion by 2028, at a CAGR of more than 11.7% over the forecast period (2022-2028). Westford, USA, Dec. 19, 2022 (GLOBE NEWSWIRE) — There is no dispute that the forklift trucks market is a thriving business. In 2021, over 1, 419,000 units of forklift trucks were sold and the number is projected surpass the unit sales of 1,909,000 by 2028. Out of which, over 230,000 units were sold in the US alone, which around 16.3% of the global sales. Forklift trucks are one of the most commonly used machines in the commercial setting, and their popularity has only grown in recent years. This growth is due to increasing demand from other sectors, such as construction and warehousing, as well as the rise of ecommerce and transportation...

Advances strategy to accelerate growth and focus portfolio on attractive chocolate, biscuits and baked snacks categories Retains emerging market gum business across Latin America and Asia, Middle East and AfricaCHICAGO, Dec. 19, 2022 (GLOBE NEWSWIRE) — Mondelēz International (Nasdaq: MDLZ) today announced it has entered into definitive agreements to sell its developed-market gum business in the United States, Canada and Europe to Perfetti Van Melle Group, a leading European gum and confectionery maker for a headline purchase price of $1.350 billion or 15 times equivalent to estimated current year EBITDA. The divestiture advances the Company’s portfolio reshaping strategy, as outlined at its Investor Day in May, enabling greater focus on growth and reinvestment in its core chocolate, biscuit and baked snacks categories. The sale...

VANCOUVER, British Columbia, Dec. 19, 2022 (GLOBE NEWSWIRE) — Alpha Copper Corp. (CSE: ALCU) (OTC: ALCUF) (FSE: PP0) (“Alpha”) and CAVU Energy Metals Corp. (CSE: CAVU) (OTC:CAVVF) (FSE: 5EO) (“CAVU”) are pleased to announce the successful completion of the previously announced acquisition of all of the issued and outstanding common shares of CAVU (the “CAVU Shares”) by Alpha pursuant to a statutory plan of arrangement under the Business Corporations Act (British Columbia) (the “Transaction”). Darryl Jones, President, CEO and Director of Alpha stated: “We are excited to close this Transaction and thank CAVU shareholders for showing immense support in favour of the merger. We are excited to progress exploration work on the Star and Hopper assets in 2023 and will be updating shareholders on these deliverables in the new year.” Danny...

Condominium Specialty Broker Adds to Florida Real Estate Capabilities BOSTON, Dec. 19, 2022 (GLOBE NEWSWIRE) — Risk Strategies, a leading national specialty insurance brokerage and risk management firm, today announced its acquisition of Statewide Condominium Insurance, a retail broker focused on the condominium and apartment complex risk sectors. Terms of the deal were not announced. Based in Vero Beach, Florida, Statewide is a leading specialist focused on serving the risk management and insurance needs of condominium operators and home-owners associations (HOAs) throughout the state. Founded in 1996, the company provides property, wind, flood, general liability, professional liability, and umbrella coverages to clients. “Complex risks and difficult markets require specialty expertise,” said Scott Popilek, Risk Strategies Atlantic...

Global computer numerical control machines market was valued at USD 55.85 billion in 2021, and it is expected to reach a value of USD 110.16 billion by 2028, at a CAGR of 10.19% over the forecast period (2022–2028). Westford, USA, Dec. 19, 2022 (GLOBE NEWSWIRE) — The computer numerical control (CNC) machines market have been relied on for mass production of products for over 50 years now. However, there has been significant growth in the industry in recent years as digital technology is being increasingly adopted. The basis of CNC technology is to create a three-dimensional model of the part that needs to be manufactured and then control the motion of a tool or other machine to make the part conform to that model. This growth is driven by an increasing demand for precision machining in various industries, such as aerospace and...