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Daily industrial news and top headlines for plant and maintenance managers

GM's $4.5B In Notes Will Cut High-Interest Debt

September 25, 2013 2:28 pm | by The Associated Press | News | Comments

General Motors will sell $4.5 billion in bonds to reduce debts owed to union-run trusts that pay health care bills for the company's U.S. and Canadian retirees. The company said Tuesday that it will spend $3.2 billion from the bond sale to buy 120 million shares of GM preferred stock from a U.S. trust that provides health care to retired members of the United Auto Workers union.

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Delivery Of First China Jetliner Delayed Again

September 25, 2013 2:26 pm | by Christopher Bodeen, Associated Press | News | Comments

The delivery date of China's long-delayed first commercial jet airliner has been pushed back again, the manufacturer said Wednesday, the latest setback for China's ambitions to challenge market leaders Boeing and Airbus. Originally promised for 2007, the plane was most recently expected late this year, but Comac Chairman Jin Zhuanglong said it will now be ready in mid-2014.

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Nation's Largest Wind Farm Proposed For TX

September 25, 2013 2:24 pm | by The Associated Press | News | Comments

A Dallas-based wind-power developer has proposed an array of as many as 650 wind turbines for 190 square miles of the Texas South Plains. Tri Global Energy LLC announced plans for Hale Community Energy on Tuesday. The vast wind farm would extend from Abernathy over much of eastern Hale County on land Tri Global says is controlled by more than 340 owners and has more than 450 shareholders.

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Expansion Planned For Window Film Plant In VA

September 25, 2013 2:22 pm | by The Associated Press | News | Comments

Eastman Chemical Co. plans to invest $40 million over the next three years to expand its manufacturing operation in Henry County, creating 25 jobs. Gov. Bob McDonnell announced the planned expansion on Wednesday. The facility acquired by Eastman last year manufactures window films for the automotive and architectural markets and employs about 500 people.

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Moving In Droves To Texas

September 25, 2013 12:29 pm | by CNN Money | Videos | Comments

Residents of Midland, Texas enjoy the second highest personal incomes in the United States, thanks to a booming oil and gas industry. Unemployment in Midland is less than half the national average at 3.5 percent. If people in Midland don't have a job, it's because they don't want to work, say the residents.

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Orders For Long-Lasting Factory Goods Up Slightly

September 25, 2013 10:15 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Companies placed slightly more orders in August for U.S. long-lasting manufactured goods, stepping up demand for cars, trucks and machinery. Even with the gain, business spending on factory goods may not be strong enough to accelerate economic growth in the July-September quarter.

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Bangladesh Factories Shut Amid Workers' Protests

September 25, 2013 10:13 am | by Julhas Alam, Associated Press | News | Comments

Police in Bangladesh used batons, rubber bullets and tear gas Wednesday to stop ongoing protests by garment workers demanding higher wages, while factory owners feared they may miss shipments to the United States and Europe. The fifth day of protests in two industrial districts near Dhaka, the capital, forced authorities to close more than 100 factories for the day, police and news reports said.

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Shell Considering $12.5B Plant In Ascension Parish

September 25, 2013 10:10 am | by The Associated Press | News | Comments

Shell Oil Co. announced Tuesday that it has settled on Ascension Parish to possibly build a $12.5 billion natural gas to liquids plant that would create 740 direct jobs. No final decision has been made on whether to construct the facility on a site near Sorrento, about 30 miles from Baton Rouge. The company says it will decide after engineering studies and environmental permitting are done.

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Nestle Adding Production Line At IN Plant

September 25, 2013 10:09 am | by The Associated Press | News | Comments

Nestle USA says it will spend $72 million to add a new production line to the central Indiana plant where it makes several beverage products. The expansion project will start up a seventh production line at the factory along Interstate 69 in Anderson. The company says it will be making more of its Boost and Carnation Breakfast Essentials drinks at the plant. 

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Hastings Plant Cited For Several Safety Violations

September 25, 2013 10:06 am | by The Associated Press | News | Comments

A federal agency is proposing nearly $133,000 in fines for a Hastings cold storage plant, alleging more than a dozen safety violations. The U.S. Department of Labor's Occupational Safety and Health Administration says in a news release that workers were exposed to anhydrous ammonia at the Nebraska Cold Storage Inc. plant.

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FTA To Strengthen 'Buy America' Program

September 25, 2013 9:59 am | by U.S. Department of Transportation | News | Comments

The U.S. Department of Transportation’s Federal Transit Administration announced a new Interagency Agreement with the U.S. Department of Commerce’s NIST that will make it easier for manufacturers and transit agencies to identify domestically made products, such as steel and iron components that comply with FTA’s “Buy America” rules requiring that at least 60 percent of the components must be manufactured in the United States. 

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Will The Wave of New Wearable Products Change Product Development?

September 25, 2013 9:08 am | by Kevin Prendeville | Articles | Comments

The buzz around wearable technology has been escalating the past several months. With this market gaining momentum, a key question needs to be addressed: How prepared are manufacturers to design and deliver these new and innovative types of products time and time again?

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The Rise Of Remanufacturing

September 25, 2013 8:01 am | by Rajesh Krishnan, Director, Manufacturing and Hi-tech SBU, Wipro Technologies | Articles | Comments

Lately, there has been a lot of buzz about the new and emerging technologies in manufacturing that are likely to produce major industry changes in the coming months and years. One such area of technology, as identified by the Advanced Manufacturing Partnership (AMP) group, is remanufacturing.

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Google Pays $24.5M For Former Gatorade Plant

September 24, 2013 2:32 pm | by The Associated Press | News | Comments

Google Inc. paid $24.5 million for the former Gatorade plant in Pryor — a fraction of the $180 million spent on the facility when it opened five years ago, according to the commercial real estate firm handling the transaction. B Richard Ellis/Oklahoma confirmed the purchase price Monday to the Tulsa World.

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Airbus Sees World Aircraft Fleet Doubling By 2032

September 24, 2013 2:31 pm | by Pan Pylas, Associated Press | News | Comments

Airbus is predicting that the number of jet planes around the world will double in the next 20 years, largely to satisfy demand in emerging markets, particularly China. At a press briefing in London, where it unveiled its market forecasts for the period up to 2032, the European plane maker said air traffic will grow 4.7 percent annually.

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MI Center Gets $2.27M U.S. Tech Grant

September 24, 2013 2:29 pm | by The Associated Press | News | Comments

The federal government has awarded a $2.27 million contract to a suburban Detroit organization to promote advanced manufacturing in Michigan. Democratic U.S. Sens. Debbie Stabenow and Carl Levin said Tuesday that the Michigan Manufacturing Technology Center in Plymouth received the contract from the National Institute of Standards and Technology.

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German Crankshaft Maker To Open MS Plant

September 24, 2013 2:27 pm | by The Associated Press | News | Comments

A German powertrain maker will build its first American factory in Tunica, with plans to invest $140 million and hire 300 people over five years. Feuer Powertrain Gmbh & Co. KG says it hopes to start production by early 2015 at the 156,600 square-foot plant it will build. Feuer will make forged crankshafts for cars, trucks and heavy equipment.

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Applied Materials In Takeover Of Tokyo Electron

September 24, 2013 2:24 pm | by The Associated Press | News | Comments

Chip-making equipment manufacturer Applied Materials is acquiring Tokyo Electron Ltd., a rival maker of equipment for production of semiconductors, flat panel displays and solar panels. The two companies said Tuesday their $9.39 billion all-stock transaction will result in the creation of a new company with a market capitalization of about $29 billion.

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Illinois Tool Works To Sell Packaging Business

September 24, 2013 2:23 pm | by The Associated Press | News | Comments

Illinois Tool Works will attempt to sell its industrial packaging business by the middle of next year. The company had said in February that it was reviewing its options for the business, which had revenue last year of $2.4 billion. The decision to sell was based on the "underlying value of the business, the level of preliminary interest from potential buyers and a favorable debt market," the company said Tuesday.

How BlackBerry Fell So Fast

September 24, 2013 1:05 pm | by CNN Money | Videos | Comments

BlackBerry has agreed to sell itself for $4.7 billion to a group led by largest shareholder, Fairfax Financial Holdings Ltd. BlackBerry said Monday that a letter of intent has been signed and its shareholders will receive $9 in cash for each share. But while the smartphone maker has agreed to a takeover bid, its struggles are far from over.

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