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Daily industrial news and top headlines for plant and maintenance managers

Bombardier Wins Order For $2.2B In Business Jets

January 2, 2014 10:07 am | by The Associated Press | News | Comments

Bombardier didn't disclose the precise value of the deal — customers such as airlines routinely get discounts from plane manufacturers — and didn't identify the buyer. The Canadian plane maker said the order covered 28 Global jets and 10 Challenger 605 aircraft.

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Retirement Unlikely For Some Blue-Collar Americans

January 2, 2014 9:59 am | by Emily Wagster Pettus, Associated Press | News | Comments

Many have jobs that provide paltry pensions or none at all, as many companies have been moving toward less generous retirement packages in the past decade. Many boomers expect to work the rest of their lives because they have little cash put away for their old age and they worry Social Security won't cover their bills.

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Fiat To Pay UAW $3.65B For Remaining Chrysler Shares

January 2, 2014 9:53 am | by The Associated Press | News | Comments

Fiat already owns 58.5 percent of Chrysler's shares, with the remaining 41.5 percent held by a United Auto Workers union trust fund that pays health care bills for retirees. Under the deal, Fiat will make an initial payment of $1.9 billion to the fund, plus an additional $1.75 billion upon closing the deal.

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China Manufacturing Indicator Weakens

January 2, 2014 9:46 am | by The Associated Press | News | Comments

An industry group, the China Federation of Logistics & Purchasing, said Wednesday its purchasing managers index for December declined to 51 from the previous month's 51.4. The measure is a 100-point scale on which numbers above 50 indicate increasing activity. 

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Ford To Unveil Solar Hybrid Concept Car At CES

January 2, 2014 9:42 am | by The Associated Press | News | Comments

The C-MAX Solar Energi Concept car uses a gasoline engine combined with a gizmo that acts like a magnifying glass to concentrate the sun's rays on the vehicle's roof-mounted solar panels. The automaker says the vehicle's estimated combined city-highway mileage is 100 miles (160 kilometers) per gallon.

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Company Shows Interest In Near-Bankrupt Fisker Assets

January 2, 2014 9:38 am | by The Associated Press | News | Comments

A company has filed a proposal to buy the assets of Fisker Automotive, days before a hearing planned in the electric vehicle maker's bankruptcy. The proposed agreement between Fisker and Wanxiang America Corp. was filed Monday in bankruptcy court. A hearing on a possible sale of Fisker's assets is scheduled for Friday in Wilmington.

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CMMI: Is Your Business Mature Enough?

January 2, 2014 9:20 am | by Joel Hans, Managing Editor, Manufacturing.net | Articles | Comments

Unlike other frameworks or standards, CMMI isn’t a compliance exercise, and doesn’t require adherence to a particular methodology, such as Six Sigma or Lean. It’s methodologically agnostic, which means that rather on focusing on how to do something, it focuses on what needs to be done. 

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New Visual Picking Display Tool

January 2, 2014 8:54 am | by Kardex Remstar IMPO Product Releases | Comments

When it comes to display monitors for picking, the bigger the better. Now available from Power Pick Global software, an enhanced picking display monitor can be integrated into a picking station to increase picking accuracy and speed.

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Custom Equipment Scissor Lift

January 2, 2014 8:41 am | by Custom Equipment Inc. | Product Releases | Comments

Custom Equipment, Inc. has filled the first order for its new HB-1230 scissor lifts, the most recent addition to the company’s full line of Hy-Brid Lifts low-level access equipment. 

PREP Tool For Socket Welding

January 2, 2014 8:32 am | by Asahi/America Inc. IMPO Product Releases | Comments

Asahi’s new PREP (peel, remove, edge and plane) tool offers three-in-one convenience to quickly prepare a pipe before socket welding by removing the natural oxidation that occurs on polyolefin thermoplastics (PE, PP).

Guardair Corporation 1500 Gun Vac Series

January 2, 2014 8:26 am | by Guardair Corporation | Product Releases | Comments

Guardair Corporation, a world-class manufacturer of high quality safety air guns, syphon spray guns, and pneumatic vacuums, announces the 1500 handheld Gun Vac® Series. 

The World Braces For Impending Retirement Crisis

December 30, 2013 10:04 am | by David McHugh, Elaine Kurtenbach and Paul Wiseman, AP Business Writers | News | Comments

Spawned years before the Great Recession and the 2008 financial meltdown, the crisis was significantly worsened by those twin traumas. It will play out for decades, and its consequences will be far-reaching. Many people will be forced to work well past the traditional retirement age of 65. Living standards will fall and poverty rates will rise for the elderly in wealthy countries.

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Cooper Tire Ends Buyout Agreement With India's Apollo

December 30, 2013 10:00 am | by The Associated Press | News | Comments

Cooper Tire & Rubber Co. is calling off its proposed $2.2 billion sale to India's Apollo Tyres, a deal that would have created the world's seventh largest tire company. The U.S.-based company said Monday that financing is no longer available, and it continues to claim, as it has for months, that Apollo breached the terms of the agreement.

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Samsung Sells 110-Inch Ultra-HD TV For $150,000

December 30, 2013 9:58 am | by Youkyung Lee, AP Technology Writer | News | Comments

Demand for U-HD TVs is expected to rise despite dearth of content while its price will likely come down faster than that of the OLED TVs. Much of the growth is forecast to come from China, a major market for the South Korean TV makers. Chinese TV makers have been making a push into the U-HD TV market as well.

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NJ Man Sues Electric Motorcycle Co. He Co-Founded

December 30, 2013 9:55 am | by The Associated Press | News | Comments

Fort Lee resident Vincent Ip co-founded Mission Motorcycles of San Francisco. The company makes high-end, electric-powered motorcycles that Time magazine calls one of the top inventions of 2013. Ip was terminated in November for what the company's lawsuit calls unprofessional behavior including physical threats.

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VW: 123,000 New Jobs Created Since 2007

December 30, 2013 9:53 am | by Joel Hans, Managing Editor, Manufacturing.net | News | Comments

Volkswagen Group announced today that it has grown by about 248,000 employees, representing a rise of 76 percent, since 2007. 123,000 of those are new jobs created around the world, and 125,000 are from employees of companies acquired during that period and integrated into the larger group. At the end of 2013, the company has about 573,000 employees, the highest number in its history.

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Gun Magazine Supplier Expands In Iowa College Town

December 30, 2013 9:46 am | by Ryan J. Foley, Associated Press | News | Comments

With demand for gun products booming, Brownells Inc. is building a large distribution and retail center along Interstate 80 in Grinnell. The central Iowa city of 9,100 is home to Grinnell College, a selective liberal arts institution proud of its commitment to social justice. 

ThyssenKrupp Sells Massive $5 Billion Ala. Mill

December 27, 2013 9:40 am | by Melissa Nelson-Gabriel, Associated Press | News | Comments

News that ThyssenKrupp planned to sell the $5 billion mill just five years after it opened sent a ripple through the region, which depended on well-paying jobs related to the mill throughout the economic downturn. ThyssenKrupp has said its plan to import steel slabs from its plant in Brazil fell apart because of the recession and increasing production costs in Brazil.

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Labor Dept. Approves Help For Displaced Vt. IBM Workers

December 27, 2013 9:38 am | by The Associated Press | News | Comments

The U.S. Department of Labor authorized former employees of the Williston IBM plant and some other businesses involved in memory design services in that town to participate in a program designed to help workers who have lost their jobs due to foreign competition, state officials said Thursday.

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Cambodian Garment Workers Block Traffic Over Pay

December 27, 2013 9:35 am | by The Associated Press | News | Comments

Striking workers making shoes and clothes for Western brands have blocked roads and briefly scuffled with police in Cambodia.                                    

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