Metso has announced plans to build a greenfield global valve technology centre in Chungju, South Korea, in response to the growing global demand for reliable valve technology. The new facility will begin global deliveries in September. [ + ]

Moore Industries has released a new video showing how its HCS HART Concentrator System saves money and time by consolidating wiring and reducing power consumption at remote natural gas and oil production sites. [ + ]

Emerson, Fieldbus Foundation and Siemens joined forces at the ISA Automation Week conference to present a white paper: FDI Meets Plant's Device Integration Needs. [ + ]

Canadian dairy company Saputo has won the bidding war for Warrnambool Butter and Cheese (WCB), announcing that it has acquired 52.7% of the company's shares. [ + ]

Philippe Rambach has been announced as Schneider Electric's new vice-president of industry business. With more than 15 years' experience in senior management positions, Rambach has worked across a range of industries. [ + ]

CAPS Australia has signed an exclusive Australian distributorship for Pedro Gil positive displacement blowers. [ + ]

The Australian Industry Group (Ai Group) has released a comment on the South Australian Government's response to the Holden closure. [ + ]

Schneider Electric has completed its acquisition of Invensys PLC. The acquisition is reported to be worth US$5 billion. According to the company, the resulting combined entity will “have a unique position in industrial and infrastructure end-markets”. [ + ]

Holden production is likely to be shifted to South Korea once General Motors ceases manufacturing in Australia, ABC News has reported. [ + ]

The Cooper Basin is expected to boom in 2014, with some of the biggest names in oil and gas developing exploration programs in the region. According to Magnum Hunter Resources, the area will be snapped up within the next 12 months. [ + ]

Rockwell Automation on the Move is returning to Melbourne in 2014. To be held at Melbourne Park Function Centre on 25 and 26 March 2014, the event will demonstrate how the latest industry practices are turning marketplace challenges into advantages. [ + ]

The collapse of Australia's auto manufacturing sector will cause the economy to suffer in the long term, Ford CEO Alan Mulally said at the Detroit motor show. [ + ]

The Baxter Research Robot is now available to academic and corporate researchers in Australia and New Zealand. Rethink Robotics has entered into an exclusive partnership with Training Systems Australia to distribute the robot. [ + ]

As they expand internationally, Chinese companies are looking to increase production efficiency in environmentally friendly ways while ensuring long-term profitability, China News has reported. [ + ]

Manufacturing Australia's Ben Eade says that rising LNG prices could wipe $13 billion a year off Australia's GDP. The manufacturing industry is calling for the government to cap gas prices to aid a manufacturing resurgence. [ + ]