DETROIT (AP) — A confident General Motors has added 20 million shares of preferred stock to its initial public offering, and it raised the estimated price range for common shares by about 14 percent to $32 to $33. The Detroit automaker, just 16 months out of bankruptcy protection, will now sell 80 million shares of preferred stock for $50 each when its offering takes place on Thursday.
Compressors may not have drastically changed, but manufacturers still find ways to innovate. During one episode of the sitcom Seinfeld , George Costanza made a profound observation about a product that had not seen any developments in his lifetime. “Everything else has changed.
Forsta Filters Inc. (Los Angeles, CA) has developed their self-cleaning water filters, which help reduce water use, improve energy efficiency, and are made from sustainable materials, according to the company. They are ideal for protecting heat exchangers, condenser tubes, and other water-cooled process equipment because they can control particulate levels.
The Sitema Safety Catchers, manufactured by Sitema GmbH (Karlsruche, Germany), are clamping devices that mount around shafts to support vertical loads. They can decelerate and stop falling loadings, preventing personal injury or damage to equipment. A series of wedged clamping jaws are arranged inside the Safety Catcher housing, each with one slide lining and one brake lining.
Pres-On (Addison, IL) has developed the PBWMF-4 white masking film, which can help prevent glass, auto trim, clear-coated aluminum and other polished surfaces from being scratched during manufacturing, shipping, or installation. PBWMF-4 is a 3.0 mil polyolefin film coated with a removable acrylic adhesive, and removes cleanly from most surfaces up to one year after deployment, depending on the application.
Eriez (Erie, PA) has announced its newly redesigned Dry Vibrating Magnetic Filter (DVMF) with a stainless steel construction option that makes it an ideal choice for handling various powders. The DVMF uses a high-intensity, high-gradient magnetic field generated in the bore of a solenoid coil.
By dividing the PET bottle manufacturing process into two steps instead of one, manufacturers experience significant savings in shipping and inventory costs. For decades, producers of PET blow-molded containers have been shipping bulky bottles and jars that contained nothing more than air, in many cases over long distances.
DETROIT (AP) — Among the banks helping General Motors with its initial public stock offering next week are two identified by initials only: ICBC and CICC. Americans uncomfortable with U.S. government ownership of General Motors may want to hear more: One of those banks is the Industrial and Commercial Bank of China, one of China's four big central government banks.
ST. LOUIS (AP) — Belden Inc., an electronics components maker, said Thursday it agreed to buy Thomas & Betts Corp.'s communications products business for $78 million in cash. Memphis, Tenn.-based Thomas & Betts said the communications products business is part of its electric segment.
ALBANY, New York (AP) — A U.S. senator is seeking a federal investigation after a newspaper's report of lead content in some reusable grocery bags. Sen. Charles Schumer of New York told The Associated Press that many of the reusable grocery bags sold nationwide are manufactured in China.
DETROIT (AP) — General Motors executives are playing up three bright spots in the company's future as they try to persuade investors to buy GM stock: a better lineup of cars and trucks, potential for global growth and a new cost structure that enables the company to make money even when the economy dips.
WASHINGTON (AP) — U.S. retail sales, helped by strong demand for autos, increased in October by the largest amount in seven months. The Commerce Department reported Monday that retail sales rose 1.2 percent last month. That was nearly double the gain that had been expected and the largest increase since March.
NEW YORK (AP) — Caterpillar, the world's largest construction and mining equipment maker, moved aggressively to capitalize on demand for commodities in emerging markets Monday with a $7.6 billion buyout of Bucyrus International. Bucyrus makes surface mining equipment used for mining coal, copper, iron ore, oil sands and other minerals.
Elobau Sensor Technology was using software to manage contacts and customer interaction notes, but the software didn’t have follow-up features, the ability to access the information remotely via the Web, and didn’t allow users to share information in a common database. It became clear to Elobau management that the company needed a true customer relationship management (CRM) tool.
The DO4A digital ohmmeter from Seaward (Tampa, FL) uses True 4 Wire measurement to eliminate lead resistance errors across a range from 40mW to 4kW, with respective resolutions between 10mW and 1W. The unit is contained in an aluminum case with a tilted carrying handle, and input protection is provided up to 415 volts rms.
A line of high-temperature, high-gloss, and VOC-compliant coatings that provide a porcelain-like appearance for metal surfaces is now available from Dampney Company, Inc (Everett, MA). The Thurmalox 8800 Series Heat Resistant High Gloss Coatings are silicone-based baking enamels that can withstand head to 500°F.
Count On Tools, Inc. (Gainesville, GA) has announced that it now manufactures the RPS Automation Selective Solder Nozzles for the Rhythm, Harmony, Opus, and SS100A range of selective soldering machines. The custom solder nozzles assist to replace labor-intensive hand soldering while eliminating defects caused by wave soldering machines.
Yardley Products Corporation (Yardley, PA) has announced that it is offering inserts manufactured using a “non-magnetic” brass material, making it ideal for applications involving electronics or medical devices. Most brass inserts are slightly magnetic due to small traces of iron in the alloy, which can cause RF inferference with sensitive electronics.
Sanitation is a crucial part of the food manufacturing business and must be managed, controlled and executed with the same level of attention as that of the production and maintenance operations. Food Manufacturing spoke with Doug Newman, Senior Vice President for Celerant Consulting, about the importance of sanitation in the food industry.
As the foundational system of record for the business, ERP can be one of the best tools process manufacturers can use to implement cost cutting measures and to achieve these goals. Some would argue that the “process” industry has been invented by software companies. Companies in this category think of themselves as food & beverage, chemical, pharmaceutical, metal processing, or other related industries.