German Optimism: The Country Prepares for INNOPROM and a New Business Season13 April 2018
German companies first participated in INNOPROM International Trade Fair in 2010. Since then, business relations between the Russian Federation and Federal Republic of Germany (FRG) have reached a new level, in part due to discussions and meetings held at INNOPROM.
Currently, Germany occupies the second place (behind China) in its trade turnover with Russia. Based on 2017 results, it increased by more than 20% to $50bn. Germany primarily exports machinery, cars, and products of the chemical industry, whereas Russia predominantly supplies raw materials.
In 2018, German companies intend to boost their business activity and investment into the Russian economy. What barriers prevent European companies from performing better in Russia? What German concerns will attend INNOPROM-2018? INNOPROM VIEW discusses these issues.
Machinery and Digital Manufacturing: Russian Business Adapts to Smart Technologies9 April 2018
Russian industrial enterprises are gradually testing smart production technologies and lines. Shipbuilding, aircraft and motor engineering companies are launching new digital projects.
The federal authorities have approved the construction of 40 Factories of the Future. Initial investment will constitute RUB 15.6bn and let Russia claim a 1.5% share in the global smart factory market.
What smart companies are emerging in Russia? How can we accelerate industrial digitalization? INNOPROM VIEW discusses these issues.
The rising sun economy: INNOPROM-2017 had resulted into turnover enhancement between Japan and Russia30 March 2018
In 2017, Japan participated as Partner-country within INNOPROM. More than 170 national companies visited the Exhibition, contracts valued at over $1 million have been signed with Russian organizations.
This year new comprehensive measures are being planned in order to strengthen collaboration. Besides, Japan has already confirmed its participation in INNOPROM-2018 and organizes the national pavilion which is to represent production of Asian companies.
Which areas of business in Russia are the priority ones for the Japanese economy? What is the strategy of partner relationships development between two countries? Find details in the new INNOPROM VIEW material.
Industry Chooses Internet: IIoT Development Worldwide and in Russia22 March 2018
In 2016, the market of software and components for Industrial Internet of Things (IIoT) amounted to $115bn, and in 2023 the segment might grow to $200bn. Software developers – both large industrial corporations and independent manufacturers – are gradually implementing their IIoT platforms.
In just two years, IIoT trade turnover in Russia may reach $9bn. Local telecommunications companies are opening special labs and developing relevant legislation.
What platforms are currently competing in the IIoT market? Is the Russian industry prepared for a new digital revolution? INNOPROM VIEW answers these questions.
SMART GRID BY TAVRIDA ELECTRIC GROUP: HOW SMART GRID WON INDUSTRIA AWARD AND THE ENERGY MARKET16 March 2018
Officials, corporate representatives, and top innovations experts will come together at INNOPROM-2018 in order to partake in the award ceremony of the Fifth National Industrial Award INDUSTRIA. Members of the Award Board will announce the innovative product or technology which meets the demands of the Russian economy and can be internationally competitive. The Organizing Committee is inviting applications from companies willing to present their unique projects and compete for the industrial Oscar.
Making up for Missed Opportunity: Italy Prepares for INNOPROM-20185 March 2018
Italy, a Russia's major partner in the European Union, started its preparations for the upcoming International Industrial Trade Fair INNOPROM-2018. Italian participants will make one of the largest EU delegations: in 2017, representatives of 19 top industrial companies attended the exhibition.
Industrial Oscar: Top 4 Technological Innovations at INDUSTRIA Award26 February 2018
At INNOPROM-2018, the anniversary National Industrial Award INDUSTRIA will be conferred upon Russia's top innovative project. The organizing committee invites Russian enterprises and startups to submit their applications by April 1. Five outstanding industrial technologies and products will be selected as Award nominees. The Award seeks to promote the development of innovative ideas in the national economy and draw public attention to them.
ABAGY Case: How Industrial Robots Will Help Small and Medium Businesses Cut Production Costs16 February 2018
Industrial manipulators, or robots, as they are often called, were invented more than 50 years ago, but so far only 2 mln units have been implemented worldwide. According to international statistical data, 10% of industrial companies annually purchase 45% of all robots sold globally. For the most part, these are large companies with over 500 employees. For the remaining 90%, substituting manual labor with robots is not economically feasible. Implementation costs are rather high, and profits can be expected only when mass producing batches in excess of 10,000 items. Smaller production volumes are cost prohibitive
Oil and Electronics: Development of Economic Cooperation between Korea and Russia13 February 2018
The Republic of Korea is Russia's third major partner in Asia by trade turnover. In 2017, import and export volumes between the two countries increased by 41% to almost $19bn. South Korea will promote bilateral cooperation as the Strategic Partner of the International Industrial Trade Fair INNOPROM-2018.
What areas of cooperation are Russia and Korea currently prioritizing? What is the history of economic relations between the two countries? INNOPROM VIEW answers these questions.
Cars' Calculating Mind: How Artificial Intelligence Is Changing Mechanical Engineering30 January 2018
Artificial intelligence developers and automobile concerns are forming new alliances. At their current level, computer vision technologies and the latest software will allow for mass production of self-driving vehicles in the near future.
What is the current market situation? When can we expect to see safe autonomous cars on the road? INNOPROM VIEW answers these questions.