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Daily industrial news and top headlines for plant and maintenance managers

Nation's First Floating Wind Turbine Launched

June 5, 2013 1:44 pm | by CBS News | Videos | Comments

VolturnUS, the nation's first floating wind turbine designed to generate electricity from ocean winds, was launched as demand for clean and alternative energy grows. Developed at the University of Maine, the technology has the potenial to power the U.S. 4 times over. Terrell Brown reports.

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Bosch Rexroth Receives 2013 “Jobs First” Governor’s ImPAct Award

June 5, 2013 11:53 am | News | Comments

Bosch Rexroth Corporation, which has a manufacturing campus in Bethlehem, PA, was honored with the Jobs First Award for the Lehigh Valley region for its job growth, commitment to sustainable business operations and for its collaboration efforts within its community.

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Outage Delivery Optimization Forum

June 5, 2013 11:04 am | by T.A. Cook | Events

Attend the Outage Delivery Optimization Forum, July 11-12 held in San Antonio, TX to find out how leading organizations are utilizing outage management strategies and ways to deliver projects on time and on budget. Attendees will gain an understanding on how operators are developing strategic planning and scheduling methods, ensuring safe and quality outage execution.

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Apple Poised For Silicon Valley Hiring Spree

June 5, 2013 10:05 am | by Michael Liedtke, AP Technology Writer | News | Comments

Apple expects to expand its Silicon Valley workforce by nearly 50 percent during the next three years, signaling the company's faith in its ability to keep coming up with hit products like the iPhone and iPad. The projections detailed in a report released Tuesday envision Apple hiring 7,400 more workers at its Cupertino, California, headquarters between now and the planned completion of a new office complex in 2016.

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Italy Appoints Administrator For Troubled Plant

June 5, 2013 10:03 am | by The Associated Press | News | Comments

The Italian government on Tuesday appointed a turnaround expert as administrator to oversee Europe's largest steel mill as part of an emergency decree to safeguard jobs while pushing ahead with an environmental cleanup at the plant linked to elevated cancer rates in the area.

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Eurozone Recovery Proves Elusive

June 5, 2013 10:01 am | by Pan Pylas, Associated Press | News | Comments

Several economic figures for the 17 EU countries that use the euro all showed the same thing Wednesday — there's no sign of a recovery from recession. Eurostat, the European Union's statistics office, confirmed that the eurozone's economy as a whole shrank 0.2 percent in the first quarter of the year from the previous three-month period, with most sectors declining.

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Study IDs Possible New WY Rare Earths Sources

June 5, 2013 10:00 am | by Mead Gruver, Associated Press | News | Comments

A new study by the Wyoming State Geological Survey has identified dozens of possible sources of rare earth metals in Wyoming in addition to deposits in the Bear Lodge Mountains that a company already has targeted for mining. State geologists gathered and analyzed 335 rock samples from around Wyoming over the past year, making use of $200,000 appropriated by the Legislature.

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Toyota Recalls 242K Prius, Lexus Hybrid Cars

June 5, 2013 9:58 am | by The Associated Press | News | Comments

Toyota Motor Corp. said Wednesday it is recalling about 242,000 of its Prius and Lexus hybrid vehicles due to problems with their braking systems. The recall applies to about 233,000 Prius vehicles made between March and October 2009 and about 9,000 Lexus HS250h models made between June and October 2009.

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Treasury To Sell 30M Shares Of GM Stock

June 5, 2013 9:57 am | by The Associated Press | News | Comments

The U.S. government is taking advantage of the recent run-up in General Motors stock to sell off another 30 million shares in the auto giant that it acquired in a bailout. The Treasury Department said Wednesday that it will sell the shares, plus another 20 million owned by a United Auto Workers retiree health care trust, in a public offering after the market closes Thursday.

PwC: Average Global Effective Tax Rate On The Rise

June 5, 2013 8:05 am | by PwC | Articles | Comments

There has been a steady upward trend in average effective tax rates (ETR) of industrial products and automotive companies from 2010 (26.1 percent) to 2012 (28.3 percent), despite a reduction in statutory rates of corporate income tax around the world, according to the PwC US 2013 Assessing tax report, a tax rate benchmarking study covering 316 companies across the following industries.

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Driving Manufacturing Success By Backing Up

June 5, 2013 8:00 am | by Michael Krutikov, Senior Global Marketing Manager, SMB Data Protection, at Symantec | Articles | Comments

Today’s smaller manufacturers are creating enormous amounts of data — everything from new product designs to top-secret intellectual property, as well as a constant flow of customer and sales information that must be managed and protected every day. To say that this data is vital would be understating the value of its constant use, and any loss of information could be devastating.

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Chrysler Refuses U.S. Request To Recall Vehicles

June 4, 2013 1:59 pm | by Dee-Ann Durbin, Tom Krisher, AP Auto Writers | News | Comments

A defiant Chrysler is refusing a government request to recall about 2.7 million sport utility vehicles to fix fuel tanks that could leak and cause fires in rear-end collisions. Chrysler said Tuesday that the National Highway Traffic Safety Administration has asked in a letter that the company recall Jeep Grand Cherokees from 1993 through 2004 and Jeep Libertys from 2002 through 2007.

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Fire Prompts Closure Of NE Plant

June 4, 2013 1:58 pm | by The Associated Press | News | Comments

An early morning fire has prompted the closure of a South Sioux City oat processing plant.The Sioux City Journal reports firefighters responded about 3 a.m. Monday to a fire on a manufacturing line at the Viterra grain processing plant. Tracey Shelton, a spokeswoman for plant owner Richardson International, says the plant is closed while crews assess the damage.

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EU Slaps Levies On Chinese Solar Panel Imports

June 4, 2013 1:55 pm | by Juergen Baetz, Associated Press | News | Comments

The European Union announced Tuesday that it is imposing anti-dumping levies on imports of Chinese solar panels, in a move that could trigger a trade war between two of the world's largest economies. EU Trade Commissioner Karel De Gucht said the 27-nation bloc will impose a tariff of about 12 percent on the import of solar panels, cells and wafers.

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U.S. Safety Agency May Expand GM Recall

June 4, 2013 1:53 pm | by Tom Krisher, AP Auto Writer | News | Comments

U.S. safety regulators are checking to see if up to 400,000 General Motors cars should be added to two recalls for defective air bags. The probe covers Chevrolet Cruze and Sonic small cars, the Chevrolet Camaro muscle car and the Buick Verano small car from the 2012 model year.

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Locked Doors A Sign Of China Work-Safety Failings

June 4, 2013 1:52 pm | by Christopher Bodeen, Associated Press | News | Comments

A fire breaks out in a Chinese factory, and panicked workers discover one exit after another is locked. That describes not only the poultry plant fire that killed 119 people Monday, but a toy-factory blaze that left 87 workers dead 20 years earlier. The similarities between the two worst factory fires in China's history suggest that little has changed for industrial workers even as the country has transformed its economy.

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Where Cell Phones Go To Die

June 4, 2013 12:55 pm | by CNN Money | Videos | Comments

Much of the world's electronic waste ends up in Guiyu, China, where old parts are recycled but chemicals like mercury leak into the water. Cell phones arrive in this town by the truckloads, where locals are experts in sorting through the electronic trash.

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SME Announces Several Strategic Changes

June 4, 2013 12:52 pm | by SME | News | Comments

SME has redefined itself for the 21st century based on the value it provides to its numerous audiences and the central role it plays in the advancement of manufacturing. SME is integrating its strategic areas — events, publishing, membership, Tooling U-SME online training division and the SME Education Foundation — around an evolved mission to inspire, prepare and support its stakeholders in the advancement of manufacturing.

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Ex-Porsche CFO Found Guilty Of Fraud In VW Bid

June 4, 2013 10:13 am | by The Associated Press | News | Comments

Porsche's ex-finance chief has been convicted of fraud after a court found he provided false information during the German sports car marker's failed 2009 attempt to take over Volkswagen AG. Former Porsche CFO Holger Haerter was fined an unspecified amount after being found guilty Tuesday by a Stuttgart state court, the dpa news agency reported.

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U.S. Trade Deficit Up 8.5 Percent To $40.3B

June 4, 2013 10:10 am | by Martin Crutsinger, AP Economics Writer | News | Comments

The U.S. trade deficit widened in April, as demand for foreign cars, cell phones and other imported goods outpaced growth in U.S. exports. The Commerce Department said Tuesday that the trade gap rose 8.5 percent in April from March to $40.3 billion. Exports increased 1.2 percent to $187.4 billion, the second-highest level on record.

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