RALEIGH, N.C. (AP) — With companies hiring few workers in the prolonged recession, economic developers are trying to create jobs by offering tax breaks and other incentives they might not have a few years ago. Gov. Beverly Perdue's administration said Monday it had offered a division of Canadian auto-parts giant Magna International $1.
NEW YORK (AP) — Electric car maker Tesla Motors Inc. set terms for its highly anticipated IPO Tuesday, saying it now hopes to raise about $185 million by selling shares to the public and to Toyota Motors Corp. Tesla and its stockholders will sell 11.1 million shares for $14 to $16 each in an initial public offering, according to a regulatory filing.
With the recent volcano eruption in Iceland, major manufacturers with global suppliers have had to halt operations as flights were grounded throughout Europe. Earlier this year, an earthquake in Chile ground supply chains in the area, halting major food source supplies.
A “re-shoring” effort from the National Tool and Machining Association (NTMA) and Precision Metalforming Association (PMA) is laying the groundwork to bring jobs back to the United States, and a main outlet for this initiative are the 2010 NTMA/PMA Contract Manufacturing Purchasing Fairs.
General Mfg., Inc. (Bluffton, IN) has launched its IS300 Intrinsically Safe, Cordless LED work light. The IS300 comes with three 3-watt LEDs and has the capability of operating in beam mode for use as an inspection light. The long-life LEDs are rated at 50,000 hours and produce 5,000K bright, white light.
The Zero-Low Dock Lift from Air Technical Industries (Mentor, OH) is a heavy-duty dock lift table — with a lowered height of 0” — which can raise a load of up to 50,000 pounds. The lift is ideal for use in low-lying areas where a loading ramp is not feasible or not available, or when transferring the load from one level to the next.
Flexco (Downers Grove, IL) recently added the Pun M mobile finger punch to its line of belt fabrication equipment. The Pun M produces more accurate straight finger and finger-over-finger punches. The ergonomic design of the punch makes it easy to set up, and requires no external energy source.
Schober USA (Fairfield, OH) introduces the RSM-410-IML/SMA, the newest version in Schober’s RSM family of rotary die cutting machines. The latest model features automated delivery systems for the production of in-mold labels. The RSM-410 has a working width of 410mm, and additional models have widths of 260mm, 330mm, 430mm, 520mm, and 550mm.
Buying from an authorized distributor is your safest bet, but some companies buy at their own risk when shopping on the gray market. The best assurance that a manufacturer has to minimize the risk of buying counterfeit components is to buy from an authorized source.
I’m not a fan of reality TV. The catty behaviors, the backstabbing, the constant whining — I don’t need it in my life, nor do I care to watch it played out on TV. But I do like watching informative TV Shows, and this past weekend, I caught up on a few episodes of the show, How Do They Do It on the Science Channel.
LOUISVILLE, Ky. (AP) — The leak of a pair of chemicals from a rail car at a Dow Chemical plant in Louisville has been stopped and area residents have been given clearance to go back outside. The officials said the leak has been contained within the facility and added that the leak may have been caused by the heat.
NEW ORLEANS (AP) — BP's costs for responding to the massive oil spill in the Gulf of Mexico have risen to $1.6 billion. According to a company news release, that includes new $25 million grants the British oil giant has given to Florida, Alabama and Mississippi. It also includes the first $60 million for a project to build barrier islands off the Louisiana coast.
ST. LOUIS (AP) — Just days after a monthlong walkout ended at its California C-17 plant, Boeing Co. is facing another possible strike. The plane maker's machinists union in St. Louis has voted to reject a company offer that would have replaced a contract that expires Sunday. The International Association of Machinists and Aerospace Workers said on its website Sunday that members voted 1548-532 to reject the offer, and voted 1619-459 to strike.
RICHMOND, Va. (AP) — Jimmy Dean, a country music legend for his smash hit about a workingman hero, "Big Bad John," and an entrepreneur known for his sausage brand, died on Sunday. He was 81. His wife, Donna Meade Dean, said her husband died at their Henrico County, Va., home. She told The Associated Press that he had some health problems but was still functioning well, so his death came as a shock.
PITTSBURGH (AP) — Bounded on one side by a cliff and on the other by the Ohio River, what's left of the Jones & Laughlin Steel Co.'s Aliquippa Works is an overwhelming stretch of emptiness punctuated by debris — metal scrap, concrete, office material and building detritus piled and strewn over miles of rutted clay.
NEW YORK (AP) — If you want a hint about the economic recovery, follow that truck. Pickups are a kind of rugged indicator of the nation's financial health. When times are good, contractors buy more of them to carry tools around for landscaping and lumber to build homes. Weekend haulers also gravitate to them even though cars get better mileage.
Since 1986, American manufacturing has declined in terms of percentage of GDP, total number of manufacturing plants, and employees. But although internal cost reduction and operational efficiency programs have kept American manufacturers in the game, they have not led to top line sales growth.
A plant’s overall safety record is determined by many things. Most manufacturers invest heavily in education and crisis-response programs designed to minimize worker injuries. As safety personnel look to identify those areas of the plant most likely to represent a safety hazard, it’s important not to overlook some of the basics.
Buy-in, pre-learning assessments, benchmarking, and more: putting the finger on learning success . Sounds good in theory, but my boss won’t let me do this.” “That’s nice, but I already know how to do it my own way.” “Why do I even go to these training sessions when this stuff obviously can’t be applied in my real job?” These sentiments reflect a complaint frequently heard of employees in many industries.
Above: The location of Welspun’s 800 acre Arkansas grounds was partly chosen based on its proximity to rail travel. India-based Welspun chose Little Rock for its first U.S.-based spiral mill. One year later they’ve announced an expansion project to the tune of $30 million dollars and 230 jobs.