WESTPORT, Connecticut (AP) — Machinery products manufacturer Terex Corp. raised its offer for Demag Cranes AG on Thursday by more than 9 percent to $1.38 billion, and the German company indicated it expects to be able to recommend that its shareholders accept it. Terex's German unit is now offering euro45.
WASHINGTON (AP) — Fewer Americans applied for unemployment benefits last week and builders broke ground on more homes in May. The latest data offered some hope that the economy may be improving after hitting a slump in late spring. Unemployment benefit applications fell to a seasonally adjusted 414,000, the Labor Department said.
GREENVILLE, S.C. (AP) — BMW in South Carolina is adding a new shift of workers in October to increase production by at least 20,000 more vehicles. BMW president of manufacturing Josef Kerscher says the Greer plant is at capacity after a $750 million expansion. Kerscher says he wants to move from 240,000 vehicles to more than 260,000 vehicles annually.
SAN FRANCISCO (AP) — As IBM turns 100 this year, the anniversary coincides with another milestone: CEO Sam Palmisano is turning 60, the typical age at which an IBM CEO retires. With succession chatter growing, Palmisano has tried to tamp down speculation that he's ready to step aside, even as he's put a spotlight on his possible heirs.
PARIS (AP) — Boeing Co. upped its forecast Thursday for aircraft demand over the next 20 years, saying airlines will need $4 trillion worth of new planes to meet a pickup in passenger numbers, particularly in the Asia-Pacific region. Airlines will need 33,500 new jets from now through 2030, Boeing said in a statement.
Revolutionary industrial wireless receiver connects up to 14 Limitless™ inputs to Programmable Logic Controllers (PLCs) MINNEAPOLIS, June 15, 2011 — Honeywell (NYSE: HON) today introduced its new Limitless™ WDRR Wireless Din-Rail Receiver for industrial, construction, machine, material handling, and heavy transportation applications, including agricultural equipment, cranes, lifts, conveyors, grain diverters, and door positions.
Macro Sensors (Pennsauken, NJ) offers an “out-of-the-box” solution for linear position gaging with its new EAZY-GAGE Bundle. The package combines spring-loaded LVDT position sensors with an EAZY-CAL Mini-Module LVDS Signal Conditioner. According to the company, it takes the guesswork out of gaging applications by providing a fully calibrated and complete linear position gaging system ready for immediate operation.
An expanded line of high-temperature hose is being offered in several temperature ranges by Flexaust (Warsaw, IN). The Flex-Lok High Temperature Hoses are made from materials that are locked around a galvanized or stainless steel metal clip and mechanically crimped in a continuous process.
Youngstown Glove Company (Agoura Hills, CA) has introduced the Titan XT glove, which is lined with Kevlar for safeguarding the top of the hand from impact. In addition, it is highly visible, cut-resistant, and durable, according to the company. The TPR knuckles across the top keep hands safe from being smashed or pinched by heavy machinery or power tools, and the Kevlar fiber equates to complete hand protection.
The TKO impactable dock doors from TKO Doors (Sussex, WI) are one of the best means to ensure dock doorways are completely sealed to combat the loss of room conditioning energy, according to the company. The TKO visibility panel, newly available, allows sunlight to enter through the door and provides the ability to monitor outside truck traffic.
IBM has been around since 1911, and in that time, they’ve made some pretty fantastic innovations, like the orginal punch card counting machines, digital calculators, or solid-state memory. Bernie Meyerson, VP of innovation at IBM, walks through some of the company’s best products over the years.
Here is a breakdown of the three most common types of touch screen monitors, their advantages, and their disadvantages. Touch screen monitors seem to be everywhere. The great thing about them is that they are extremely easy to use. A touch screen functions like an invisible keyboard, but it displays only as much data and button choices as users need to complete a task.
Can an organization serve more than one master? For the past century the manufacturing community has been trying to serve multiple masters, but not being very successful at it. Manufacturers feel they have to serve the customer but they invest all of their time and resources into their manufacturing technologies.
FARGO, N.D. (AP) — Polaris Industries Inc. plans to close the Global Electric Motorcars plant in Fargo by the end of the year. GEM builds electric-powered vehicles. The business started in 1997 and was sold to Chrysler in 2000. Polaris bought GEM from Chrysler in April. Polaris plans to move the GEM manufacturing operation to its plant in Spirit Lake, Iowa.
CHICAGO (AP) — Boeing Co. will ramp up production of the next-generation 737, its most popular jet. The world's second-biggest maker of commercial planes said Wednesday that it plans to build 42 of the jets per month by the first half of 2014. Then it will boost production further to an average of two of the planes per workday for a total of nearly 500 a year.
TRENTON, N.J. (AP) — Johnson & Johnson said Wednesday it will stop making and developing heart stents to focus on other stent types, a case of the pioneer in effect ceding that territory of the stent market to later entrants amid increasingly fierce competition and flat sales. In a surprise move, the company that produced the first drug-coated heart stent, Cypher, now will abandon it, with sales barely a quarter of their peak five years ago.
SAN FRANCISCO (AP) — Dolby International, a unit of audio equipment maker Dolby Laboratories Inc., is suing Research In Motion Ltd. for patent infringement in the U.S. and Germany. Dolby alleges that RIM's Blackberry smartphones and Playbook tablet devices use its patented digital audio compression technology, which enables the playback of high-quality audio files using limited amounts of storage space, without a license.
NEW YORK (AP) — A Jefferies analyst said Wednesday that chemical companies that make styrene could suffer following its addition to the government's list of cancer-causing chemicals, but the food industry and manufacturers will still need them. Analyst Laurence Alexander said in some cases there are few alternatives to styrene.
WASHINGTON (AP) — U.S. factories rebounded in May to produce more business equipment and construction materials. The gains offset supply disruptions stemming from the Japan crises that have weighed on American auto companies. Factory production increased 0.4 percent last month, the Federal Reserve said Wednesday.
Ebonite, a maker of bowling balls and gear for almost 100 years, recently bought a Mexican bowling-pin company to expand their reach into the market. But instead of simply running the factory out of the country, Ebonite decided to bring all the machinery back to Hopkinsville, KY, where they use a dozen workers to do the work of what used to be 27 employees.