The companies that sent their manufacturing to foreign countries soon discovered there were frustrations and costs they never anticipated. They found that differences in language made communicating product specifications and manufacturing instructions to their offshored sources difficult. They learned that cultural differences made it difficult to motivate the foreign companies to respond quickly to their needs.
The FMA can’t predict how many conveyors are going to be sold in 2013, but we can talk about capital expenditures for the metal forming and fabricating machine tools used to produce equipment essential to the food industry. The good news is that investments are increasing across the board. That translates to more efficient production of the equipment that creates efficiencies for food production.
Ideal for a wide range of applications, Mobil SHC Cibus™ Series lubricants are formulated to deliver excellent wear and rust protection, long-term oxidation stability, and can help provide valuable sustainability-related benefits, says the company.
After a year of persistent struggles, BlackBerry-maker Research In Motion hopes to launch a comeback in 2013 as it works to convince customers its latest smartphones are a worthy alternative to the growing list of competitors. It's a battle that won't be won overnight, and depending on who you ask, might not be won at all.
Hewlett-Packard Co.'s stock backtracked Monday after an analyst tried to debunk speculation that the troubled technology company will be pressured into spinning off its personal computer and printer division. Deutsche Bank analyst Chris Whitmore believes it's highly unlikely HP will consider breaking itself in two.
Industrial metals prices fell Monday after manufacturing slowed in the New York area this month, reflecting a sluggish trend across the nation. Copper, silver, platinum and palladium each fell less than 1 percent. The Federal Reserve's Empire State Manufacturing Survey found that general business conditions declined in December for a fifth consecutive month.
GT Advanced Technologies Inc.'s shares sank Tuesday after the solar manufacturing company said tough market conditions will weigh heavily on its fourth-quarter and annual earnings. And next year doesn't look any better. The Nashua, N.H., company expects a loss of 5 to 10 cents per share on an adjusted basis for the quarter ending Dec. 31.
A company planning to build high-tech police cars in a vacant eastern Indiana auto parts factory says it has a second vehicle that it plans to produce in Indiana. Carbon Motors Corp. on Monday announced it will begin producing a multi-mission vehicle called the TX7 before it begins production of E7 police cars at a vacant former Visteon plant in Connersville.
German auto supplier Rausch & Pausch is locating a plant in Auburn, Ala. that is expected to create 105 jobs within five years. Chairman Horst Pausch Sr. said the company based in North Bavaria, Germany, plans to have both its U.S. headquarters and a production facility in Auburn. The company produces solenoid valves, control blocks, and other auto parts.
Steve Jobs’ hand-picked successor, current Apple CEO Tim Cook, talks exclusively to Rock Center Anchor and Managing Editor Brian Williams about Apple’s battle with Samsung, glitches with their maps app, the prospect of Apple TV, and the challenge of keeping Apple cutting edge.
The U.S. government has hit Toyota Motor Corp. with a record $17.4 million fine for failing once again to quickly report problems to federal regulators and for delaying a safety recall. The fine against the world's biggest automaker from the National Highway Traffic Safety Administration, the agency that monitors vehicle safety, is the maximum allowed by law.
A federal judge rejected Apple Inc.'s demands that its chief rival in the more than $100B global smartphone market cease selling models a jury recently found illegally used Apple technology. The immediate impact of the ruling means that Samsung can continue to sell three of the older-generation smartphones still on U.S. shelves that a San Jose jury in August found ripped off technology Apple used to create its iPhone.
With Chevy Silverado and GMC Sierra pickup trucks piling up on dealer lots, General Motors is offering generous deals to thin the stock. It's matching or beating discounts from rivals Ford and Chrysler, offering up to $9,000 off remaining 2012 models and close to $4,500 off 2013s. That, plus low interest rates, sweet lease deals and abundant financing, is good news for people in the market for a truck.
The new Chobani yogurt plant in Twin Falls opened in grand fashion Monday, with appearances from company executives, Idaho political leaders, Olympic athletes and a marching band. After nearly a year of construction and planning, the New York-based Greek yogurt maker celebrated the opening of one of the biggest yogurt plants in the world in the heart of Idaho's milk producing region.
A Bangladesh government committee investigating the garment factory fire that killed 112 people last month said in its findings that the blaze was sabotage, probably by someone who worked there. But the panel said that no matter who set the fire, the owner of the factory also should be punished for the deaths because he neglected worker safety.