Expand enhances the existing insert bit program with new extended length magnetic bit holders and insert nut drivers that together are designed to cover more applications with fewer products, says the company.
These dual-action, lint-free Hot Line Tool Cleaner & Protectant Wipes are formulated to clean dirty fiberglass hot line tools while leaving behind a protectant to help keep them clean.
These new Combination Drill/Tap Bits offer drill, tap, and countersink bits that perform up to four times faster than traditional tapping methods, according to the company.
The European Parliament on Wednesday backed a rescue plan for the world's biggest cap-and-trade system for emissions of carbon dioxide, the most prevalent greenhouse gas from human activities. In a 344-311 vote, European lawmakers in Strasbourg, France, approved a proposal to delay an auction of allowances in the EU's emissions trading scheme.
A scientist working on solar cell technology has pleaded guilty to several counts in an indictment that charges he stole trade secrets from his employer and tried to take them to a competitor in China. Tung Pham, 48, pleaded guilty in federal court in Philadelphia to seven counts of wire fraud, prosecutors said Tuesday.
Industrial products and equipment maker Illinois Tool Works Inc. said Wednesday that it acquired a kitchen equipment maker that gives it access to China's cooking industry. Illinois Tool bought the company, Vesta, from the private equity firm Actis for an undisclosed sum.
An automotive industry firm is announcing plans to close its Opelika plant, which would put about 121 employees out of work soon. The Opelika-Auburn News reports that Benteler Automotive Corp. on Tuesday announced the closure of its facility at the Northeast Opelika Industrial Park.
The Great Plains Synfuels Plant in western North Dakota is expected to restart this week after production was halted a month for maintenance work. Bismarck-based Basin Electric Power Cooperative says its plant near Beulah was shut down on June 1 for maintenance work pegged at $46 million.
Animal health company Zoetis is planning to expand its Lincoln plant, so it can take over production of a drug currently made by another company. The expansion should add up to 30 jobs in Lincoln once the 19,000-square-foot addition is done in 2014.
Ford engineers are developing a highly flexible, first-of-its-kind, patented technology to rapidly form sheet metal parts for low-volume production applications. Once fully developed, the technology (Ford Freeform Fabrication Technology, or F3T) will allow for lower costs and ultrafast delivery times for prototypes – within three business days versus conventional methods that take anywhere from two to six months.
Toyota Motor Corp. is recalling 185,000 vehicles globally, mostly in Japan and Europe, for a glitch in the power steering. No accidents have been reported related to the problem. The recall covers 123,000 vehicles in Japan, including the Vitz compact, and 46,000 vehicles in Europe, including the Yaris, all produced between August 2010 and March 2012, Toyota spokesman Brian Lyons said Wednedsay.
The number of Americans applying for unemployment benefits fell 5,000 to a seasonally adjusted 343,000 last week, a sign that employers are adding jobs at modest pace. The less volatile four-week average dipped 750 to 345,500, the Labor Department said Wednesday.
The U.S. trade deficit increased in May to the highest level in six months as a weak global economy depressed U.S. export sales while imports of autos and other nonpetroleum products hit an all-time high. The trade deficit rose to $45 billion in May, up 12.1 percent from April's $40.1 billion imbalance, the Commerce Department reported Wednesday. It was the largest trade gap since November.
A Tokyo court convicted Olympus Corp.'s former president and two other executives Wednesday for a yearslong cover-up of massive investment losses that damaged the credibility of corporate Japan. The Tokyo District Court said that former Olympus president Tsuyoshi Kikukawa, an auditor and a third executive were guilty of violating securities laws and falsifying financial statements.
A General Motors supplier plans to open a new facility near Fort Wayne and hire up to 160 workers in the next few years. Ground Effects LLC announced Wednesday it expected to spend about $3.4 million to lease and equip a facility where it will process bed liners and other accessories for GM's nearby pickup truck assembly plant.
Federal regulators have given a southern Illinois plant that helps make nuclear fuel the go-head to resume operations after a yearlong shutdown due to federally requested upgrades. The U.S. Nuclear Regulatory Commission issued the green light Tuesday to allow the Honeywell plant in Metropolis to again refine raw uranium ore into uranium hexafluoride that's later processed into fuel for commercial power reactors.
Toyota Motor Sales, USA, Inc. today announced that it will conduct a voluntary safety recall involving approximately 74 Model Year 2012 Toyota Yaris vehicles. In the involved vehicles, a relay in the Power Steering Control Module of the electronic power steering system could experience a short circuit due to insufficient distances between terminals in the relay and moisture contamination of relay coil windings.
Manufacturers cannot expect to sustain success with traditional decision making when facing today’s unprecedented shifts in markets, demands, technologies and opportunities. To maintain a leadership position and profit margins, companies must respond intelligently to more frequent, drastic and faster changes.
After a car maker or a steel mill wears out a factory, extracts all the tax breaks a treasury will bear, and accumulates more obligations to its workers than the stockholders will bear, it flees town like a deadbeat husband, leaving a worn-out, exploited patch of land no else will touch. An industrial city follows the same life cycle as a boxer, or a prostitute.
U.S. buyers snapped up new cars and trucks in June at a pace not seen since before the recession. Continuing demand for big pickups helped boost sales for Detroit's automakers. Ford said Tuesday that its sales rose 14 percent, while Chrysler's gained 8 percent and General Motors' rose 6.5 percent.