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Daily industrial news and top headlines for plant and maintenance managers

Bunk Beds Recalled After Boy Dies In Accident

June 17, 2011 4:12 am

WASHINGTON (AP) — About 30,000 bunk beds have been recalled because of the threat of children becoming entrapped in the bed, a federal consumer agency said Thursday. A 3-year-old Iowa boy died after such a mishap in March 2010. Big Lots of Columbus, Ohio, issued the voluntary recall of the metal futon bunk beds, which can entrap a child when the futon and its metal frame are lowered to a flat position.

Toyoda Promises Full Recovery, A Revived Automaker

June 17, 2011 4:06 am | by Yuri Kageyama, AP Business Writer

TOYOTA, Japan (AP) — President Akio Toyoda promised shareholders a revived Toyota despite the production disruptions from the earthquake and tsunami that decimated northeastern Japan on March 11, and first offered his prayers for those killed. The disaster dominated Friday's annual shareholders at Toyota Motor Corp.

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United Tech. Exec: Boeing Will Win Labor Dispute

June 16, 2011 9:37 am | by Stephen Singer, AP Business Writer

HARTFORD, Conn. (AP) — The chief financial officer of United Technologies Corp. said Thursday that Boeing Co. will ultimately prevail in its battle with the National Labor Relations Board over the plane-maker's decision to build a non-union production line in South Carolina. At an investor analyst conference, Chief Financial Officer Greg Hayes said unions and their political allies are on the losing side of the argument.

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Terex Ups Offer For Demag To $1.38 Billion

June 16, 2011 9:33 am

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.

Unemployment Data Offers Hope Of Spring Slump Recovery

June 16, 2011 9:27 am | by Christopher S. Rugaber and Derek Kravitz, AP Economics Writers

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.

BMW To Add New Shift At S.C. Plant

June 16, 2011 9:18 am

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.

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IBM Succession Chatter Heats Up Near Centennial

June 16, 2011 9:14 am | by Jordan Robertson, AP Technology Writer

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.

Boeing: Airlines Will Need $4 Trillion In Jets By 2030

June 16, 2011 9:10 am | by Greg Keller, AP Business Writer

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.

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Honeywell Expands Its Limitless Platform

June 16, 2011 6:57 am

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.

Polaris To Close Fargo Plant, Move Production To Iowa

June 15, 2011 9:32 am

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.

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Boeing To Produce More 737s On 'Unprecedented' Sales

June 15, 2011 9:07 am

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.

J&J To Stop Making Stents, Cut Jobs, Take $500M Charge

June 15, 2011 9:02 am | by Linda A. Johnson, AP Business Writer

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.

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Dolby Sues Blackberry-Maker For Patent Infringement

June 15, 2011 8:39 am

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.

Styrene-Cancer Warnings Could Trouble Industries

June 15, 2011 8:35 am

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.

U.S. Factory Output Rebounded, Recovered In May

June 15, 2011 8:03 am | by Daniel Wagner, AP Business Writer

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.

GOP Hopeful's Company Settles $33 Million Lawsuit

June 15, 2011 4:42 am | by Charles Babington, Associated Press

WASHINGTON (AP) — Republican presidential hopeful Jon Huntsman was a top executive of a large chemical conglomerate that is paying $33 million to settle a lawsuit alleging price-fixing. Huntsman International LLC recently agreed to pay the money to settle a suit filed by several competitors.

Economists: Gas And Food Prices To Fall, Hiring To Rise

June 15, 2011 4:39 am | by Christopher S. Rugaber and Martin Crutsinger, AP Economics Writers

WASHINGTON (AP) — Americans are finally getting some relief from high gas and food prices. Wholesale food prices fell last month by the most in nearly a year, and gas prices keep dropping after peaking in May. A separate survey suggests CEOs are feeling more optimistic and will hire more in the second half of this year.

Man Killed In Bedding Plant Roller Accident

June 15, 2011 4:31 am

WALLKILL, N.Y. (AP) — Authorities say a 47-year-old man has died after getting trapped between two rollers of a mattress-bagging machine at an upstate New York bedding factory. Police tell the Times Herald-Record of Middletown that Jainarine Depoo of Wallkill was injured Tuesday afternoon at Corsicana Bedding in the Orange County town of Wallkill.

La. Chemical Plant Succumbs To Explosions, Inferno

June 15, 2011 4:28 am | by Molly Davis, Associated Press

NEW IBERIA, La. (AP) — A fire at a southern Louisiana plant where chemicals are blended and stored for oilfield operations is being allowed to burn itself out before investigators enter the facility to search for a cause. Tuesday afternoon's explosion and fire at the Multi-Chem Corp.

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Lockheed Martin To Cut 1,200 From Space Division

June 15, 2011 4:23 am

DENVER (AP) — Aerospace and defense contractor Lockheed Martin Corp. plans to cut 1,200 employees in its space systems equipment division. The company said Tuesday that the cuts will be nationwide in America and trim the division's 16,000-person work force by nearly 8 percent. The company said middle management will be reduced by 25 percent.

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