Industrial construction contract awards up by 11.2% in 2019

PBC Today | February 27, 2020

Industrial construction contract awards hit £7.1bn in 2019, up 11.2% on 2018, as distribution, storage and logistics sectors look set to boost future growth. In 2019, the total value of industrial construction contract awards was up 11.2% on 2018 and follows a 20.1% increase on 2017. The industrial sector has maintained its strength throughout 2019 with the logistics, storage and warehousing featuring as the leading sub-sectors. In addition, some higher value industrial construction contract awards were featured in the chemical & petrochemicals and R & D facilities sectors, according to the latest insight from Barbour ABI. Analysis of regional activity shows that the leading region in 2019 was the South East with a share of 20.4% of contract awards. This is an 8% increase on 2018. The second-largest region was the East Midlands which took 12.3% of industrial contract awards during the year. This represents a decrease of 7.5% when compared to 2018. The third-largest region was the North West which accounted for 11.9% of awards which is 0.9% ahead of 2018.

Spotlight

According to data provided by MIDF Research and CEIC Holdings, the biggest demand in jobs came from sectors that were driven by domestic demand, such as agriculture, forestry, manufacturing and construction. Therefore, it comes with no surprise that bonus expectations in these industries are high.


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ENGINEERING TECH

Gretel Announces General Availability of Its Privacy Engineering Developer Stack

Gretel | February 02, 2022

Gretel announced the general availability of its privacy engineering APIs and services. Gretel’s comprehensive offering enables users to classify, transform and generate the industry's highest-quality synthetic data. Combined, these capabilities remove privacy bottlenecks for a myriad of development and workflow processes that prevent data sharing and stifle innovation. A free plan for developers is available to anyone who wants to get started, and usage-based options are available for larger projects and teams.Gretel has tested its products in an open beta program for over a year, and incorporated improvements to its toolkit based on feedback from more than 60 enterprise engagements, its community of thousands of users, and open source users who have downloaded their SDK over 70,000 times. “We’ve built a privacy toolkit that’s accessible to all developers, and scalable to any enterprise-ready project. With Gretel, anyone can classify, anonymize, and synthesize data that’s privacy-proven and highly accurate in just a few clicks, Gretel’s advanced privacy guarantees also give users complete control to adjust data privacy levels, based on their project needs, and guard synthetic data against adversarial attacks.” -Gretel CEO and co-founder Ali Golshan. Today, working with data is… hard. Gretel is making it easier. By building flexible, secure, and easy to deploy tools to support data-driven developers, Gretel will open a world of progress across industries, said Max Wessel, Executive Vice President & Chief Learning Officer at SAP. Gretel has been working with teams and organizations across industries including healthcare, life sciences, finance, and gaming. Some of their recent work includes creating synthetic genomic data and synthetic time-series banking data. The broad interest in Gretel’s privacy engineering tools is not a surprising trend and is supported by analysts’ forecasts that by 2030, synthetic data will completely overshadow real data in AI models. Gretel is committed to fostering a culture of trust, transparency, and shared knowledge with the public and developer community. They continue to open source their core synthetic data technology and research as well as offer free access to its tools through its Developer tier. Advanced Privacy Engineering Made Accessible With Gretel’s all-in-one privacy stack, developers everywhere can streamline workflows, and access advanced privacy engineering tools to easily Create highly accurate, privacy-proven synthetic data Seed pre-production systems with safe, statistically accurate datasets Identify and remove sensitive data to reduce PII-related risks Augment and de-bias datasets to train ML/AI models fairly Anonymize sensitive data in real time, for data at scale “Asking data-driven developers to exchange real-world data for synthetics requires they not only have a deep dedication to privacy, but also access to simple, intuitive solutions that return value immediately. Gretel provides all of the above and helps simplify privacy engineering,” -Chris Hymes, the VP of Information Security, Data Privacy and Enterprise IT at Riot Games. Gretel is also previewing its AWS S3 connector for its toolkit, and anyone interested in it can contact Gretel directly. For more information about Gretel’s toolkit, see their product overview or visit http://gretel.ai. About Gretel Gretel pioneered Privacy Engineering as a Service and a comprehensive toolkit for generating high-quality synthetic data. Their platform offers easy-to-use APIs, an open-source AI-based core that’s available for free to all developers and individuals getting started, and flexible pay-as-you-go options for production-ready projects as they scale. Gretel’s services can be used through its SaaS cloud offering or CLI for local environments.Gretel is hiring for positions throughout the company. Check out their careers page for a full list of job openings.

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ENGINEERING TECH

ECOX Spruce Construction Secures License to Launch Green Infrastructure Operations

Eco Innovation Group | May 12, 2022

Eco Innovation Group, Inc. an innovative company developing green energy solutions, announces that ECOX Spruce Construction, Eco Innovation Group's California-based green construction subsidiary, has been issued an official General Contractor's License by the State of California (License no. 1091210). According to the California Department of Consumer Affairs Contractors State License Board (CSLB) page, businesses and individuals who construct or alter any building, highway, road, parking facility, railroad, excavation, or other structure in California must be licensed to perform work. The license was issued on Friday, May 6, 2022. As previously communicated, ECOX Spruce Construction plans to focus primarily on Green Infrastructure projects. "Obtaining a GC License is the initial step for our ECOX Spruce Construction subsidiary formed early this year, and it will allow us to expand operations in the rapidly growing Green Infrastructure space, Our focus on ecologically sustainable infrastructure is core to the ECOX business. Large chains such as Starbucks, for example, are actively building out locations in California to be resource positive, using solar infrastructure, additional efficiencies, and reclaimed wood construction. A growing number of major organizations are moving in the same direction." Julia Otey-Raudes, CEO of Eco Innovation Group The Company expects the trend toward ecologically sustainable construction to accelerate as fossil fuel prices soar and the ESG movement continues to put pressure from a financial direction on companies to transition to more sustainable infrastructure models. The RE100 is a group of more than 360 companies worth more than $2.75 trillion in revenues that have pledged to fully transition to renewable energy. Starbucks is one of many participants in the group that has already achieved this milestone, along with Microsoft, Clif Bar & Company, and SAP. Otey-Raudes continued, "We believe the trend toward green construction is only in its very early innings and has the potential to become one of the most powerful growth opportunities over coming years for the application of new capital and resources. Now that we have our GC License in California, we can aggressively attack this market opportunity with the objective of becoming one of its true leaders in the decade ahead." ECOX Spruce Construction, Inc., was founded as a California corporation in January 2022. It is ECOX's second green construction subsidiary, following the 2021 establishment of the Company's Canadian construction company, Spruce Engineering and Construction of Alberta. About Eco Innovation Group Eco Innovation Group was founded by Inventors and Business Professionals to help nurture and catalyze the most innovative and impactful products and services, and to deliver those innovations to the world, improving the quality of life in our communities and the world around us, while delivering value to our shareholders. At ECOX, we are dedicated to developing and commercializing successful products. But we will never lose sight of the fact that we exist, first and foremost, to help people and improve life on the planet we all share. We take our Social Responsibility Contract seriously in all our endeavors. It is not only what we do. It is who we are.

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ENGINEERING TECH

Toyota Material Handling, Cornell Engineering Announce Partnership on Innovative Forklift Learning Studio

Toyota Material Handling | May 06, 2022

Toyota Material Handling (TMH) and Cornell University's College of Engineering have announced a unique partnership dedicated to the development of an innovative learning studio that incorporates Toyota equipment to elevate immersive engineering education to an entirely new level. The Forklift Learning Studio will be built and developed during the summer with a goal of officially launching it to Cornell engineering students at the start of the fall semester in August. Toyota and faculty from Cornell Engineering's Sibley School of Mechanical and Aerospace Engineering (MAE) began discussing this partnership late last year as a way to revolutionize the way engineering students learn by finding a more optimal balance between lecture and lab sessions. "Our students enjoy theory, but they are motivated by action – building and testing. They respond best to seeing engineering systems first and having the system motivate the theory they learn," said David Erickson, the S.C. Thomas Sze Director of MAE. "The educational opportunity Toyota is enabling us to bring to life will fundamentally change the student experience by allowing them to see how each area of engineering connects to a larger system – in this case, a forklift. We believe this will provide students a uniquely engaging learning environment." Erickson intends for this to be the first of multiple learning studios. Each one will be designed to unify multiple courses and link students across classes and skill levels as they engage in work with real-world applications. They will each incorporate a fully functional system – like a forklift – so that students can use it to perform experiments and model problems that connect to lessons from other classes. Toyota proposed that forklifts would be a perfect fit for such a learning studio and offered to donate the equipment and branding work necessary to bring the idea to life. Forklifts encompass all aspects of a mechanical engineering curriculum – they use internal combustion engines (thermofluids), bear weight (structural mechanics), and their use depends on dynamic stability (dynamics and controls). This innovative learning space will provide students with opportunities to discover new principles and to build bridges between courses and to their future careers. "We are excited about the future of this partnership and the impact it will have on the next generation of engineers, As a former engineering student, I would have loved the opportunity to learn in such a hands-on way that connects the classroom to the real world. Young people often wonder how they'll use certain theories in their professional lives because it's often difficult to connect the dots. In our Forklift Learning Studio, all of the 'dots' will exist in the same space as the finished product. This connects perfectly to our Toyota culture of continuous improvement by giving Cornell Engineering students a place for continuous learning." Brett Wood, President & CEO of Toyota Material Handling North America and a Cornell graduate In addition to modernizing the way students learn, the mutually beneficial partnership will expose them to new products and industries where they could build successful careers. The forklift industry is an essential part of the nation's supply chain, and it is coming off a record year in 2021 with 334,000 units sold in North America. The industry contributes more than $26 billion to the United States' annual GDP and offers wide-ranging opportunities for engineers – including in automation. "When you think about it, forklifts are incredibly important to the world we live in. Everything that we buy at the grocery store, every package that ends up at our front door was touched by material handling equipment at some point in the process," said Brian Kirby, the Meinig Family Professor of Engineering at Cornell's MAE. "If we can't move goods and materials, it has a domino effect on all kinds of things in industry, the economy, and ultimately our society. The opportunity to expose our students to such an important industry while also revolutionizing the way they learn is a win-win on every level." About Toyota Material Handling Toyota Material Handling offers material handling products and solutions, including forklifts, reach trucks, order pickers, pallet jacks, container handlers, automated guided vehicles, and tow tractors, along with aerial work platforms, fleet management services, and advanced automation engineering and design. Toyota's commitment to quality, reliability and customer satisfaction, the hallmark of the Toyota Production System, extends throughout more than 230 locations across North America. With access to an industry-leading lineup of material handling products, Toyota dealers are uniquely positioned to help solve wide-ranging challenges in warehousing and distribution. Built for every application, Toyota can provide the most complete set of solutions for material handling, automation, energy, advanced logistics, and warehouse optimization.

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CONSTRUCTION

Construction Site Preparation Equipment Market to hit US$ 1.6 bn by 2028, Says GMI

GMI | March 22, 2022

The construction site preparation equipment market is expected to surpass USD 1.6 billion by 2028, as reported in a research study by Global Market Insights Inc. The rising number of commercial construction projects, such as stadiums, warehouses, IT parks, academic buildings, and transport stations, across the globe is propelling the demand for construction site preparation equipment. Government initiatives to support infrastructure development and innovations in transportation & logistics sectors provide a favorable outlook for the regional industry. For instance, in January 2021, STRABAG SE and Johann Bunte were awarded a contract to widen a stretch of the A1 Autobahn that includes carriageways & bridge construction in Germany. The construction site preparation equipment market experienced a significant decline in growth due to COVID-19 pandemic in 2020. To reduce the virus spread, government authorities introduced stringent lockdown protocols and travel restrictions. In addition, to avoid the COVID-19 spread among colleagues or co-workers, they had announced a temporary closure of manufacturing facilities, hampering the equipment sale. The handheld auger is a spiral-shaped tool that is utilized to drill holes in the ground & other materials or surfaces, supporting their market growth. Industry players are focusing on introducing new augers to attract potential business clients. For instance, in December 2021, Makita UK, a power toll manufacturer, launched a new cordless earth auger with maximum drilling up to 200mm with a torque of 136 nm. The demand for construction site preparation equipment is increasing in Asia Pacific owing to urbanization and the growing population base. The increasing number of residential & commercial infrastructure projects led by a surge in government investments is boosting the market demand. For instance, in the Union Budget 2022 of India, the government declared that USD 6,081.3 million will be provided in 2022-23 for the completion of eight million houses as a part of the PM Awas Yojana. Industry participants in the construction site preparation equipment market are adopting different marketing strategies to improve their market representation. For instance, in March 2020, STIHL Inc. opened its online website, allowing customers to purchase its range of products from different categories. Some major findings in the construction site preparation equipment market report include: The demand for construction site preparation equipment will increase in North America impelled by the surge in residential development activities and the introduction of single-family housing projects. The Europe construction site preparation equipment market is supported by the government's focus on the development of green infrastructure as part of its climate change strategy. The European government is assisting municipalities by financing the development & implementation of integrated smart city programs. The growing population in the Asia Pacific region is creating the need for better infrastructures, such as houses, airports, schools, stadiums, hospitals, and government buildings, supporting the industry statistics. Growing industrialization & urbanization trends in Latin America are encouraging the expansion of residential & commercial development projects, creating a positive market outlook. The construction site preparation equipment industry growth is supported by government investments in transport, energy, residential, telecommunication, and industrial projects in the MEA region Additionally, government’s support for the infrastructure development of businesses and Small & Medium Enterprises (SMEs) is fueling the construction site preparation equipment market expansion. About Global Market Insights Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Spotlight

According to data provided by MIDF Research and CEIC Holdings, the biggest demand in jobs came from sectors that were driven by domestic demand, such as agriculture, forestry, manufacturing and construction. Therefore, it comes with no surprise that bonus expectations in these industries are high.

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