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Daily industrial news and top headlines for plant and maintenance managers

Fire Breaks Out At Buffalo Plant

July 13, 2011 4:49 am

July 13, 2011 BUFFALO, N.Y. (AP) — Firefighters are battling a fire at a plant in Buffalo that manufactures industrial lubricants. Buffalo broadcast media outlets report that the blaze started before 6 a.m. Wednesday at the Niagara Lubricant Co. located in the city's Black Rock neighborhood.

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U.S. Government Loans For Russian Steelmaker

July 13, 2011 4:46 am

Dee-Ann Durbin, Tom Krisher, AP Auto Writers DETROIT (AP) — Two people briefed on the matter say the North American arm of Russia's largest steel company is getting a $730 million loan from the U.S. government. They say Severstal plans to modernize a plant in Dearborn, Mich.

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Corporate Jet Tax Hikes Take Off

July 13, 2011 4:44 am

Stephen Ohlemacher, Associated Press WASHINGTON (AP) — President Barack Obama aims at corporate fat cats when he calls for a tax increase on companies that own private jets. But he hits an American manufacturing industry that is just starting to show life after years of slumping sales and thousands of job losses.

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GE Head Visits SC To Focus On Manufacturing

July 13, 2011 4:41 am

GREENVILLE, S.C. (AP) — The chair of President Barack Obama's jobs and competitiveness council is touring his company's gas turbine plant in Greenville to focus on manufacturing in America. General Electric Co. Chairman and CEO Jeffry Immelt is scheduled to meet Wednesday with employees and touring GE's manufacturing and engineering complex.

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Bonding Deal Allows Toyo To Expand

July 12, 2011 8:52 am

CARTERSVILLE, Ga. (AP) — Gov. Nathan Deal announced an agreement aimed at allowing Toyo Tire to continue expanding its operations in Bartow County, northwest of Atlanta. Deal said the agreement will expand Bartow County's bonding capacity an additional $910 million. Deal said that will enable Toyo to expand its current facility in Bartow County, adding up to 470 new jobs over the next few years.

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Topeka Signs Off On New Mars Plant

July 12, 2011 8:48 am

TOPEKA, Kan. (AP) — A Topeka economic development board has signed off on a package of incentives for construction of a new Mars Chocolate North America factory south of the city. The Topeka Capital-Journal reports that the Joint Economic Development Organization on Monday unanimously approved the $9.

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NC Manufacturer Promises Growth

July 12, 2011 8:47 am

CARY, N.C. (AP) — A privately-owned company that makes products that control vibration, motion and noise will build up its headquarters near Raleigh over several years and get state help with the expansion, Gov. Beverly Perdue's office said Tuesday. Lord Corp. could pocket up to $1.

Crane Buys WT Armatur For $38M

July 12, 2011 8:44 am

STAMFORD, Conn. (AP) — Industrial manufacturer Crane Co. said Tuesday it bought WT Armatur GmbH & Co. for about $38 million. The German company makes bellows sealed globe valves, along with specialty valves, for chemical, fertilizer and thermal oil applications, Crane said. WT Armatur employs 95 people and posted 2010 sales of about $21 million, Crane said.

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Clinton: American Diplomacy Critical For Job Creation

July 12, 2011 8:42 am

Matthew Lee, Associated Press WASHINGTON (AP) — American diplomacy abroad is critical to creating jobs and improving economic conditions at home, Secretary of State Hillary Rodham Clinton said Tuesday, urging Congress not to slash the Obama administration's foreign policy budget.

Weak Job Growth Extends Through Summer

July 12, 2011 8:41 am

Christopher S. Rugaber, AP Economics Writer WASHINGTON (AP) — The number of U.S. job postings didn't increase in May, a sign that hiring is unlikely to pick up this summer. Employers advertised nearly 3 million job openings, the Labor Department said. That is the same amount as in April and down from 3.

International Paper Launches Bid For Temple

July 12, 2011 5:23 am

MEMPHIS, Tenn. (AP) -- International Paper Co. said Monday it has launched an unsolicited tender offer for smaller rival Temple-Inland Inc. for about $3.3 billion. The offer, at $30.60 per share in cash, is effective Tuesday and ends Aug. 9. It is a 46 percent premium to Temple-Inland's closing price on June 6, the day Temple-Inland rejected International Paper's initial offer at the same price.

Alcoa Profits As Manufacturing Recovers

July 12, 2011 5:20 am | by Sandy Shore, AP Business Writer

NEW YORK (AP) -- Alcoa Inc.'s second-quarter earnings rose as improvement in the manufacturing sector brought higher sales and prices that offset rising raw material costs. The aluminum manufacturing giant reported double-digit increases in sales to the packaging, commercial transportation, and building and construction industries.

U.S. Trade Deficit At Highest Level In Two Years

July 12, 2011 5:17 am | by Martin Crutsinger, AP Economics Writer

WASHINGTON (AP) -- The U.S. trade deficit surged in May to the highest level in more than two and a half years, driven upward by a big increase in oil imports. The Commerce Department said Tuesday that the deficit increased 15.1 percent to $50.2 billion in May. That's the largest imbalance since October 2008.

IL Metal Company Cited For Safety Violations

July 12, 2011 5:12 am

WATSEKA, Ill (AP) — An Illinois metal products company has been cited with safety violations after two workers suffered amputation injuries at the firm's Watseka metal stamping facility. T&D Metal Products was cited by the U.S. Department of Labor's Occupational Safety and Health Administration.

USW Weighs In On TN Plant Closing

July 12, 2011 5:10 am

PITTSBURGH, July 11, 2011 /PRNewswire-USNewswire/ -- The United Steelworkers (USW) today said it was very disappointed to learn that Goodyear Tire issued a WARN notice to its members at Local 878L, informing them that their services would no longer be needed at the Union City, Tenn. facility scheduled for shutdown.

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Industrial Metals Fall On Demand Worries

July 12, 2011 5:07 am

NEW YORK (AP) — Industrial metals fell Monday on fears that a growing debt crisis in Europe and weak job growth in the United states would dampen demand at the world's factories. Copper for September delivery fell 4.4 cents to settle at $4.368 a pound, October platinum dropped $5.

Nissan Recharges Leaf With Solar Power

July 11, 2011 9:01 am

Yuri Kageyama, AP Business Writer YOKOHAMA, Japan (AP) — Japanese automaker Nissan is testing a super-green way to recharge its Leaf electric vehicle using solar power, part of a broader drive to improve electricity storage systems. Nissan's Leaf went on sale late last year, but the automaker is looking ahead to about five years time when aging Leaf vehicles may offer alternative business opportunities in using their lithium-ion batteries as a storage place for electricity.

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TRW Facilities Visited By Antitrust Authorities

July 11, 2011 8:59 am

LIVONIA, Mich. (AP) — TRW Automotive Holdings Corp. said Monday that some of its occupant safety systems business unit locations in Germany were visited by European authorities last month as part of an ongoing antitrust investigation. TRW, which makes brake, steering and safety systems, said it also received a related subpoena from the U.

Mosaic Expects $200M Costs Due To Injunction

July 11, 2011 8:56 am

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.

World's Largest Copper Producer On Strike

July 11, 2011 8:52 am

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.

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