However, Europe still holds a leading share of the global market due to its developed industrial base and commitment to advanced maintenance solutions.

SSAB has taken action against two Indian companies selling counterfeit steel.

Scania is the first Western original equipment manufacturer to be granted a full production licence for its wholly owned truck factory in China.

FairWind is expanding in the Asia-Pacific region with the acquisition of Australia’s Cosmic Group, strengthening its position in wind power installation and maintenance.

Predictive maintenance and obsolescence management have long been recognised as ways for manufacturers to reduce downtime. But these approaches can also help companies meet their ESG (Environmental, Social and Governance) objectives, argues Matthias Ludwig, Managing Director of Radwell International Germany.