PLYMOUTH, Minn. (AP) — Fertilizer manufacturer Mosaic Co. said Monday that it expects to incur $200 million in pretax expenses in fiscal 2012 due to a Florida court injunction that prevents mining activity in a Central Florida region where one of its mines is located. The news sent shares of Mosaic down $3.
Eva Vergara, AP SANTIAGO, Chile (AP) — The world's largest copper producer is shut down in a 24-hour strike that has the potential to cause severe losses for Chile's state mining company. Codelco says it could lose $41 million from today's strike, which comes on the 40th anniversary of Chile's decision to nationalize its mining industry.
LANCASTER, OH - U.S. Sen. Sherrod Brown (D-OH) visited Anchor Hocking in Lancaster today, where he toured the facility and met with workers to discuss manufacturing and the need for strong trade enforcement against countries like China that provide unfair subsidies to its glass producers. Headquartered in Lancaster since its inception in 1905, Anchor Hocking employs more than 1,500 Ohioans and is a leading manufacturer of Made-in- the-USA glass tableware and bakeware.
Francesca Levy, AP Business Writer NEW YORK (AP) — Stocks fell sharply Monday as investors feared that Europe's debt crisis would spread. The Dow Jones industrial average fell 150 points, or 1.2 percent, to 12,508, in afternoon trading. The Standard & Poor's 500 index fell 22, or 1.
CLEVELAND , OH (June 28, 2011) – Applied Industrial Technologies (NYSE: AIT) has announced the publication of its 2011 / 2012 Applied® Product Catalog with nearly 2,500 new products. This full-line catalog includes more than 36,000 industrial products for MRO, OEM and government applications, including bearings, power transmission products, fluid power products, belts, hoses, tools, janitorial supplies, safety items and much more.
“From Art to Science” is an ongoing program and collaboration between manufacturers, GE Intelligent Platforms and STICORP to apply a rigorous and scientific approach to process optimization and product safety in the food and beverage industry. Optimizing processes using analytical techniques is nothing new.
It was recently announced that Tesla Motors, the car company founded by billionaire Elon Musk and several Silicon Valley brains, would discontinue production on its pioneer model, the Tesla Roadster. The Tesla Roadster was designed as a way to get electric vehicle technology into the hands of early adopters, without subjecting them to the cart-type designs available up to that point.
Rigid Lifelines (Morgantown, PA) has developed a Portable Monorail Fall Arrest System that delivers fixed-path fall protection. Completely portable using a forklift or optional steerable rolling chassis package, the system provides access to many vehicle types while offering fall protection coverage up to 30º off center.
Gateway Safety (Cleveland, OH) introduces Swap, a new eyewear solution that can easily switch spectacles to goggles with a snap. Each pair includes both temples to wear it as safety glasses and a head strap to switch to goggles. The Swap frame is fully lined with soft, smooth foam that blocks dust and debris.
The SwingSeat from BioFit Engineered Products (Bowling Green, OH) is a solution for workplaces where space is at a premium. The SwingSeat’s pivoting swing-arm means it can be moved aside when not needed. When it’s mounted to any wall or stable surface, it stays put. It is available in a variety of chair and stool configurations, with a swiveling tripod base and three glass-hub “zero” casters.
Keytroller, LLC (Tampa, FL) announces the KEYTROLLER LCD601, a new generation LCD access and monitoring system with color. This system maintains OSHA regulations with automated checklists at the start of every shift and tracks scheduled maintenance by date or hour meter reading. It also prevents unauthorized drivers by requiring code input or RFID card reading and senses driver speeds.
PEORIA, Ill. (AP) -- Caterpillar Inc. avoided paying more than $2 billion in federal income taxes from 2000 to 2009 by accounting fraudulently for billions in dollars of profits, according to a lawsuit filed by a manager of the heavy equipment maker. Daniel Schlicksup, who was a global tax strategy manager for the company from 2005 to 2008, alleges that the company wrongly attributed at least $5.
Elaine Kurtenbach, AP Business Writer SHANGHAI (AP) — Working around the clock, China's biggest heavy machinery maker put the final touches Monday on sections of the new east span of the San Francisco Bay Bridge, the biggest project so far for the state-run giant expanding in the global construction market.
LINCOLN, R.I. (AP) — Two members of Rhode Island's congressional delegation are set to announce new legislation intended to boost manufacturing in the state. U.S. Senator Sheldon Whitehouse and Congressman David Cicilline are expected to announce Monday the introduction in Congress of the House version of the "Off-shoring Prevention Act.
AKRON, Ohio (AP) — Goodyear Tire & Rubber Co. said Monday that it has stopped production at its tire manufacturing facility in Union City, Tenn. The tire maker announced plans in February to close the plant by the end of the year, but said Monday that it was able to transfer production to other facilities faster than expected.
LOVELL, Wyo. (AP) — An employee at a Wyoming bentonite plant is recovering at a Denver hospital after severing his hand while operating a conveyor. Steve Wilkerson, who manages American Colloid in Lovell, says the employee was injured at about 9 p.m. Monday and is doing well and is in "good spirits.
Ben Feller, AP White House Correspondent WASHINGTON (AP) — Immersed in an intense struggle to cut the national debt, President Barack Obama faces a dilemma that will stay with him even if he succeeds in striking a grand deal with Congress: convincing Americans that the entire effort will do anything to create desperately needed jobs.
Easy-to-use one component UV curable adhesives are environmentally friendly and offer high bond strengths to similar and dissimilar substrates. Adhesives that cure under a UV light source are user friendly and versatile—if you know how to apply them.
An interesting relationship exists between the purchasing department and those in need of a just-in-time part. The order taker is great at faxing or emailing a part order, but he/she often isn’t concerned with the dire implications of the weeks, days, and even minutes that a company lies in wait for a part.