LONDON (AP) — Kraft Foods Inc. launched a 9.8 billion pound ($16.4 billion) hostile bid for Cadbury PLC on Monday — refusing to sweeten a previous offer rejected by the British candy maker. The terms of the cash-and-stock approach were left unchanged, effectively representing a lower offer for Cadbury investors because of a shift in share prices of both companies.
TORONTO (CP) — General Motors Co. will reportedly invest nearly $100 million to increase production at an assembly plant in Ingersoll, Ont. Sources tell the Globe and Mail the upgrade to Cami Automotive Inc. will be announced today at the facility in southwestern Ontario. The investment is designed to boost output of the Chevrolet Equinox and GMC Terrain crossover utility vehicles.
BEIJING (AP) — Powered by tax cuts and stimulus spending, China's October auto sales soared 72 percent from a year earlier, outpacing U.S. sales for another month, according to data reported Monday. Automakers sold a total of 1.2 million cars and trucks, the government-sanctioned China Association of Auto Manufacturers announced.
STERLING HEIGHTS, Mich. (AP) — General Dynamics Corp. ( NYSE:GD ) is building a Detroit-area center it says will speed the design and construction of new military land vehicles. General Dynamics Land Systems holds a groundbreaking ceremony Monday in Sterling Heights, where the division is headquartered.
STURGIS, S.D. (AP) — As many as 30 new jobs are coming to the South Dakota town of Sturgis. California-based Bar-Sto Precision Machine Co. has announced plans to open a new facility on the south end of the Sturgis industrial park. The Bar-Sto plant will manufacture precision gun barrels for most of the handguns in use today by law enforcement agencies, as well as by competitive shooters.
BUFFALO, W.Va. (AP) — Workers at the Toyota Motor Corp. ( NYSE:TM ) plant in Buffalo have filed a grievance with the National Labor Relations Board, saying they're being denied the right to pass out union literature. The complaint was filed Friday at the federal agency's regional office in Cincinnati.
In the latest Electronic CEO Fireside chat, Steve Schott, President of Comark discusses some of the landmark projects he has had an intricate role in — from aircraft carriers to engine monitors for the Landing Craft Air Cushion (LCAC). PD&D Design Daily: You’re coming up on your 6th year as president of Comark, what has been the most memorable moment thus far? Steve Schott: My first visit to a pork processing plant.
November 9, 2009 Clorox isn’t waiting around for new chemical security legislation to take effect. And according to opensecrets.org , the company has not hired any lobbyists in 2009 to convince politicians that transporting and storing large amounts of chlorine is safe.
Detcon (The Woodlands, TX) has released the Model RXT-300 wireless mesh-network transceiver, designed to transmit signal data in a wide range of industrial applications. The transceiver operates at 2.4GHz, and processing power is shared, allowing each transceiver to act as both a router and repeater.
The OCAL-BLUE Form 8 PVC-coated cast-iron conduit body from Thomas & Betts (Memphis, TN) now carries the UL Type 4X and NEMA Type 4X ratings on sizes up to two inches. These ratings assure conduit protection and corrosion-resistant performance in wash-down areas and outdoor environments.
MAG (Sterling Heights, MI) has redesigned its modular HMC 1250 Series machining tool with a new 180,000 position A-axis tilt spindle for 5-axis horizontal machining on large parts. The new 6,000 rpm/ 46 kW tilt spindle is engineered for machining large equipment parts for aerospace, pump, or valve applications.
Eriez (Erie, PA) is introducing the PolyMag Process, which provides multi-material plastic processors with material savings by creating a material that incorporates separation characteristics into the design. By introducing less than one percent of the PolyMag Additive, the leftover scrap resin from co-injection, two-shot injection, or overmolding processes can be separated with high-intensity magnets.
COLUMBUS, Ohio (AP) — Alcoa Inc. ( NYSE:AA ) plans to invest more than $110 million at its Cleveland plant in part to refurbish a forging press used in the production of the F-35 Joint Strike Fighter plane. Ohio Governor Ted Strickland said Thursday that the investment will help keep good jobs in Cleveland.
A colleague of mine, David Mantey (editor of Product Design and Development ), wrote a column a while ago titled, “ We Landed On The Moon, Big Deal .” There’s no mincing words here; it’s easy enough to tell what his stance on NASA is. One of David’s main contentions is that NASA does not, and cannot, invoke the same soaring heroics and national pride it used to back in the moon-landing era, which is a fair assumption.
BIRMINGHAM, Ala. (AP) — A federal court has ruled that Tyson Foods Inc. ( NYSE:TSN ) violated federal labor standards for not paying production line employees for the time it takes them to put on and remove protective and sanitary gear. The company was ordered to pay $250,000 in damages, according to the ruling Wednesday in U.
MONTGOMERY, Ala. (AP) — Alabama is benefiting from Kia's assembly plant on the Georgia state line. The Alabama Development Office released a statement Thursday saying Kia is responsible for more than 3,600 new jobs at automotive supplier plants located in Alabama. Those workers are employed at 34 different plants in Alabama, including 12 new suppliers that came after Kia announced the decision for its first U.
BEIJING (AP) — China criticized Washington for imposing anti-dumping duties on Chinese-made steel pipes and launched a probe Friday of imported U.S. autos, adding to trade tensions two weeks before President Barack Obama visits Beijing. The latest moves ratchet up disputes over market access for goods from poultry and tires to Hollywood movies.
DETROIT (AP) — Air bags have long been mounted in the steering wheel, dashboard and sides of vehicles. Now, they're in the seat belts. Ford Motor Co. ( NYSE:F ) plans to introduce seat belt-mounted air bags in the back seat of the 2011 Ford Explorer sport utility vehicle, which will hit the market next fall.
MARLBOROUGH, Mass. (AP) — A solar panel company is moving some jobs overseas after receiving $58 million in state aid and being touted by Massachusetts Gov. Deval Patrick as a symbol of the state's economic future. Evergreen Solar Inc. ( ESLR ) said Wednesday it is moving panel assembly jobs currently done at a plant in Devens to China next year.
While U.S. manufacturing jobs have shrunk from 20 million in 1980 to about 12 million today, the U.S. has never been more important in global manufacturing. Manufacturing.net spoke with Dr. Chris Kuehl, Economic Analyst, Fabricators & Manufacturers Association, to learn what he believes the future holds for U.