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Daily industrial news and top headlines for plant and maintenance managers

Aluminum Revolution: Ford Introduces New F-150

January 13, 2014 9:53 am | by Dee-Ann Durbin and Tom Krisher, AP Auto Writers | News | Comments

On Monday, Ford unveils a new F-150 with a body built almost entirely out of aluminum. The lighter material shaves as much as 700 pounds off the 5,000-pound truck, a revolutionary change for a vehicle known for its heft and an industry still heavily reliant on steel.

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Corvette, Silverado Take Top Auto Show Awards

January 13, 2014 9:50 am | by Jeff Karoub and Tom Krisher, AP Business Writers | News | Comments

The Chevy sweep came after General Motors made the most appearances on this year's list finalists. Others included the Cadillac CTS and Mazda3. Truck/utility finalists included the Acura MDX and Jeep Cherokee. Forty-eight automotive journalists vote on winners from the list of finalists.

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Honeywell: Company Cooperating With DOJ Probe

January 13, 2014 9:37 am | by The Associated Press | News | Comments

Defense contractor Honeywell International Inc. said Sunday it is cooperating with a Department of Justice probe into the overseas production of equipment it provided for a U.S. fighter jet. The government inquiry involves electronics that Honeywell manufactured for the government's new F-35 fighter planes, which are designed to be the military's most advanced combat jets

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Suntory Buying Spirits Maker Beam For $13.62B

January 13, 2014 9:34 am | by The Associated Press | News | Comments

Beam, the maker of Jim Beam and Maker's Mark alcohol brands, has agreed to be acquired by Japan's Suntory Holdings Ltd. for approximately $13.62 billion. The companies put the deal's value at about $16 billion, including debt.       

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Tyson Foods Recalls 33K Pounds Of Chicken Product

January 13, 2014 9:31 am | by The Associated Press | News | Comments

Tyson Foods is recalling nearly 34,000 pounds of mechanically separated chicken products that may be contaminated with a strain of salmonella. The U.S. Department of Agriculture said Friday in a news release the product was not sold in retail stores. It was produced on Oct. 11 and shipped nationwide for institutional use.

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On Jobs, Obama Calls 2014 'A Year Of Action'

January 13, 2014 9:28 am | by The Associated Press | News | Comments

In his weekly radio and Internet address, Obama says the first step is for Congress to extend unemployment insurance for those without work. The president also points to a new initiative to boost high-tech manufacturing and other steps he plans to announce next week to put people back to work.

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The Evolution Of Private Equity & Why Supply Chains Take Center Stage

January 13, 2014 9:22 am | by Jim Tompkins, CEO of Tompkins International | Articles | Comments

The private equity game was once focused on buying and selling a company as quickly as possible. But the industry has evolved to focus more on engineering companies’ supply chains to build profit and value.             

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Ammunition Manufacturer Goes Lean

January 13, 2014 9:13 am | by Tia Nowack, Associate Editor, IMPO | Articles | Comments

Metalform manufactures American-made magazines for the 1911 pistol to brands like Colt, Smith & Wesson, and Kimber. Over the past few years the company has experienced amazing expansion, with forty percent growth in their business.     

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Innovative Rotary Tube Cleaner

January 13, 2014 8:04 am | by Goodway Technologies | Product Releases | Comments

Goodway Technologies announced the launch of its newest rotary tube cleaner, the RAM-PRO-XL. This innovative and award winning product is the biggest innovation in tube cleaning technology in decades, combining world class rotary tube cleaning performance with new TubeGuard technology.

High-Force Ironcore Linear Motor

January 13, 2014 7:55 am | by ETEL S.A. | Product Releases | Comments

ETEL is proud to introduce the latest in linear motor technology, the LMS ironcore linear motor series. Boasting a patented anti-cogging design, these linear motors offer a significant advantage for thermal-drift-sensitive precision machines, and are the perfect solution for many demanding motion control applications.

Philip Morris Int'l Building Facility In Italy

January 10, 2014 2:08 pm | by Michael Felberbaum, AP Tobacco Writer | News | Comments

Overseas Marlboro maker Philip Morris International Inc. says it's investing up to 500 million euros (about $680 million) for a manufacturing facility and pilot plant in Italy to make new tobacco products.The company said Friday the facilities near Bologna will produce its so-called "reduced-risk" tobacco products.

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Wanxiang Says It Might Build Fisker Cars In Del.

January 10, 2014 1:58 pm | by Randall Chase, AP Business Writer | News | Comments

A Chinese auto parts conglomerate that wants to buy failed electric-vehicle manufacturer Fisker Automotive says it would build next-generation Fisker cars in Delaware if there is sufficient consumer demand. Wanxiang Group Corp. outlined its intentions in a court filing late Wednesday as it pushes for a competitive auction of Fisker's remaining assets.

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A Tale Of 2 Employment Surveys

January 10, 2014 1:54 pm | by The Associated Press | News | Comments

How did the unemployment rate drop so much given the weak job growth? Because the government conducts one survey to learn how many jobs were created and another to determine the unemployment rate. The two surveys can sometimes produce differing results.

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Chinese Biz To Put Plant At Former Ohio GM Site

January 10, 2014 1:48 pm | by The Associated Press | News | Comments

Gov. John Kasich and company and site officials planned to officially sign an accord and discuss details in Columbus on Friday. The new plant would be on land where General Motors idled an assembly plant in 2008 in the south Dayton suburb of Moraine. There were 1,100 workers at the time.

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PepsiCo's 'Performance With Purpose' Strategy

January 10, 2014 1:17 pm | by NBC News | Videos | Comments

Indra Nooyi, Chairman and CEO of PepsiCo, discusses her company's initiative to shift to more "good for you" snack foods and ramp up the development of new products. This was an extremely difficult transformation, says Nooyi.       

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Spirit Of Cooperation Frays In Fracking Debate

January 10, 2014 1:12 pm | by Tammy Webber, Associated Press | News | Comments

After environmentalists, lawmakers, and the oil industry got together last year to draft Illinois' first regulations for hydraulic fracturing, the rest was supposed to be easy. The unusual collaboration was praised as a potential model for other states and a rare example of political foes finding common ground on a complex issue.

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Wholesale Stockpiles Up 0.5 Percent In November

January 10, 2014 1:08 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

U.S. wholesale businesses increased their stockpiles in November but at less than half the pace of October when they had jumped by the largest amount in two years. The Commerce Department says wholesalers boosted stockpiles 0.5 percent in November compared with October when inventories had increased 1.3 percent.

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Illinois: Rockford A Finalist For Boeing Assembly Plant

January 10, 2014 1:05 pm | by The Associated Press | News | Comments

Rockford was a finalist for a massive Boeing plant before the aerospace company reached a deal with a union and agreed to build its 777X planes near Seattle, state officials said. "It speaks very well for the Rockford region how seriously Boeing took the Illinois proposal," one official said.

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China's December Exports Slow, Imports Accelerate

January 10, 2014 10:04 am | by Joe McDonald, AP Business Writer | News | Comments

China's export growth slowed in December while imports accelerated, possibly helping to temper fears of a slowdown in the world's second-largest economy. Exports rose 4.3 percent to $207.7 billion, slowing from November's 12.7 percent expansion, trade data showed Friday.

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CareFusion To Pay $40.1M In False Claims Case

January 10, 2014 10:02 am | by The Associated Press | News | Comments

CareFusion Corp. has agreed to pay $40.1 million to settle allegations it paid kickbacks and promoted its medical technology products for uses not approved by the Food and Drug Administration.                 

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