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IMPO Insider

Daily industrial news and top headlines for plant and maintenance managers

Shortages Could Slow U.S. Auto Production

April 19, 2012 1:57 pm | by Tom Krisher, AP Auto Writer

The U.S. auto industry, already stretching to meet rising demand for cars and trucks, is facing shortages of parts and materials that could limit the number of new vehicles in showrooms later this year and crimp a historic turnaround.

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Chinese Companies Look To AR After Beebe Trip

April 19, 2012 1:56 pm | by Allen Reed, Associated Press

Gov. Mike Beebe said Wednesday that two Chinese companies are close to relocating to Arkansas following his trade mission to China.

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Ford Plans $760M Assembly Plant In China

April 19, 2012 1:52 pm | by Elaine Kurtenbach, AP Business Writer

Ford Motor Co. plans to build a $760M auto assembly plant in Hangzhou, part of a doubling of its production capacity in the world's biggest vehicle market as it strives to catch up with rivals.

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Ford Plans $760M Assembly Plant In China

April 19, 2012 1:52 pm | by Elaine Kurtenbach, AP Business Writer

Ford Motor Co. plans to build a $760M auto assembly plant in Hangzhou, part of a doubling of its production capacity in the world's biggest vehicle market as it strives to catch up with rivals.

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Rare Earth Plant In Malaysia Nearly Ready To Go

April 19, 2012 1:50 pm | by Eileen Ng, Associated Press

Australian miner Lynas said its customers and suppliers will suffer losses if the opening of its Malaysian refinery for minerals that are crucial to high-tech manufacturing is delayed by a new government review.

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CEO Sought On Grand Larceny Suspicion

April 19, 2012 1:48 pm | by The Associated Press

Authorities say the chief executive of a company that plans to open a solar panel plant in Cherokee County stole aluminum from the site and sold it for scrap.

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Snap-On 1Q Net Income Up 26 Percent

April 19, 2012 1:45 pm | by The Associated Press

Snap-on is building its presence in developing countries, where economic growth rates in recent years have often outpaced those in countries like the United States.

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IMF: Global Economic Outlook Improves Slightly

April 18, 2012 2:33 pm | by Christopher S. Rugaber, AP Economics Writer

The International Monetary Fund is more optimistic about the global economy after seeing faster U.S. growth and a coordinated effort in Europe to address its debt crisis.

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Companies To Pay $14.8M In FEMA Trailer Settlement

April 18, 2012 2:27 pm | by Michael Kunzelman, Associated Press

Nearly two dozen companies that manufactured government-issued trailers for storm victims after Hurricane Katrina have agreed to pay $14.8 million in a proposed class-action settlement of claims that the temporary shelters exposed occupants to hazardous fumes.

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German Manufacturing Employers Offer 3 Percent Raise

April 18, 2012 2:25 pm | by Geir Moulson, Associated Press

Employers in Germany's key manufacturing industry on Wednesday offered workers a 3 percent pay increase over a 14-month period — an offer that their union swiftly dismissed as insufficient.

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Canadian Solar In $185M Deal With SkyPower

April 18, 2012 2:23 pm | by The Associated Press

Canadian Solar Inc. said that it will buy a majority stake in 16 solar power projects from SkyPower Ltd. and launch a joint venture in a deal valued at $185M.

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Whirlpool Loses Appliance 'Dumping' Case

April 18, 2012 2:22 pm | by The Associated Press

Whirlpool Corp. has lost the latest round in its battle with competitors over imports from South Korea and Mexico.

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AUDI AG Acquires Motorcycle Manufacturer Ducati

April 18, 2012 2:21 pm

AUDI AG is acquiring from Investindustrial Group the tradition-steeped Italian sports motorcycle manufacturer Ducati Motor Holding.

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Oracle CEO Mulled Expansion Into Smartphones

April 18, 2012 10:31 am | by Michael Liedtke, AP Technology Writer

Oracle CEO Larry Ellison wanted to compete against Google's Android software in the smartphone market before deciding instead to sue his potential rival for copyright and patent infringement.

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MI Lawmakers May Curb Business Equipment Tax

April 18, 2012 10:29 am | by Tim Martin, Associated Press

Michigan lawmakers sought to again lower the tax burden on businesses by introducing legislation that would phase out a tax on industrial machinery and some other equipment.

Bobcat Expanding In Bismarck, Creating 200 Jobs

April 18, 2012 10:27 am | by The Associated Press

The expansion, which spokeswoman Laura Ness Owens said will cost at least $8 million, is expected to be completed by the end of 2014.

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Mitsubishi Heavy To Produce Gear-Making Machines

April 18, 2012 10:26 am | by The Associated Press

Mitsubishi Heavy Industries said it will start producing gear cutting machines in India starting October to tap into growing demand in the country's auto and motorcycle sectors.

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ASML 1Q Earnings Fall 24 Percent

April 18, 2012 10:24 am | by The Associated Press

The largest supplier of manufacturing equipment to computer chip makers reported a 24 percent fall in earnings for the first quarter, as its backlog of orders from big clients such as Intel and Samsung tapered off.

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AAM, Partners Win “Campaign Of The Year” Award

April 18, 2012 10:22 am

The Alliance for American Manufacturing (AAM) and several of its partners were awarded the 2012 Campaign Excellence Award for “Public Affairs Campaign of the Year” from the American Association of Political Consultants (AAPC).

Appeals Court Blocks Gov't Rule On Union Posters

April 17, 2012 2:04 pm | by Sam Hananel, Associated Press

A federal appeals court On Tuesday temporarily blocked the National Labor Relations Board from making millions of businesses put up posters informing workers of their right to form a union.

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