On Jan. 8, the compact equipment manufacturer announced the opening of the more than 55,000 square

On Jan. 8, the compact equipment manufacturer announced the opening of the more than 55,000 square metre facility in Mississauga, Ontario. The new location provides Kioti Tractor with office and distribution space in an effort to reduce shipping and delivery times for its Canadian dealers, as well as increase support for its end users. According to Kioti, the new distribution centre represents its confidence in the future of the brand in Canada. “At Kioti, we are committed to delivering outstanding service to our growing network of dealers,” said Peter Dong-Kyun Kim, president and CEO of Daedong-USA, Inc. Kioti Tractor Division. “This expansion illustrates that commitment, and will allow us to provide unmatched availability and delivery of products to our Canadian dealer partners and customers.” The new local presence will expand upon Kioti’s North American distribution network by strategically placing assembled inventory and parts supplies in a key market, ready for expedited delivery to dealers. Longer term, this facility will support the planned growth of Kioti’s dealer network — making product and parts availability and simplified logistics a reality for both current and fu...

India’s Automotive Parts Aluminum Die Casting Market, 2019 to 2024 – Gravity Die Casting Expected to Witness the Fastest Growth

The “India’s Automotive Parts Aluminum Die Casting Market, 2019 to 2024″ report has been added to ResearchAndMarkets.com’s offering. The Indian automotive parts aluminum die casting market was valued at USD 1,691.17 million in 2018, and is expected to project a CAGR of 8.88% during the forecast period, 2019-2024. The introduction of simulation-based castings is one of the key trends that will drive the growth of the die casting market in the forthcoming years. The simulation-based casting process is used to produce components that are cost-effective, have high-precision, and are reliable. This casting process involves various benefits, one of which is that it ensures an easy and accurate fault detection. Simulation-based manufacturing results in reduced wastage and operational costs. Additionally, they can also predict defects and their location easily, and more precisely than the conventional method. The Indian government introduced 100% FDI into the automotive and automotive component sector. As a result, many foreign companies have started establishing facilities in the country for manufacturing vehicles for the local and global markets. For instance: ...