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Daily industrial news and top headlines for plant and maintenance managers

Court Allows Hawker Beechcraft To Pay Workers

May 7, 2012 10:29 am | by The Associated Press

Hawker Beechcraft said in a news release that it also received permission to pay all vendors and suppliers for goods and services delivered after the bankruptcy filing.

Blasts At Thai Petrochemical Plant Kill 12

May 7, 2012 10:28 am | by The Associated Press

Officials say explosions and a fire at one of the world's largest petrochemical industrial estates have killed 12 people and injured more than 100 others in eastern Thailand.

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Mitsubishi Motors To Send Surplus Workers To Nissan

May 7, 2012 10:27 am | by The Associated Press

Mitsubishi Motors Corp. cut operating hours at its Mizushima plant due to sluggish exports, and plans to send some 500 surplus workers to other plants.

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OH Auto Equipment Maker To Add 130 Jobs

May 7, 2012 10:25 am | by The Associated Press

Grob Systems in Bluffton plans to add about 130 jobs and The Courier newspaper reports the company is seeking nearly $11 million in state loans for the expansion. 

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Elpida Plans To Select Micron As Rehabilitation Sponsor

May 7, 2012 10:23 am | by The Associated Press

Elpida is the only Japanese maker of dynamic random access memory chips used in personal computers and smartphones, and filed for bankruptcy protection in February.

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U.S. Economy Recovering But Not Accelerating

May 4, 2012 2:01 pm | by Paul Wiseman, AP Economics Writer

Economists surveyed by The Associated Press expect growth to pick up this year, though not enough to lower unemployment much.

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Booming China Sales Push BMW Profit Up

May 4, 2012 1:59 pm | by David McHugh, AP Business Writer

Booming sales in China and new versions of key models pushed automaker BMW AG's earnings higher by 18 percent in the first quarter to $1.77 billion.

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IN Steel Mill Marks $60M In Upgrades

May 4, 2012 1:57 pm | by The Associated Press

ArcelorMittal's Rippey says he believes the upgrades help the company remain competitive and help the facility remain viable long-term.

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Lear 1Q Profit Falls 14 Percent As Costs Rise

May 4, 2012 1:54 pm | by The Associated Press

The auto parts maker said its first-quarter profit dropped 14 percent, pulled down by restructuring and other charges, along with lower profit at its seating business.

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Ford to Sell ACH Interior Trim Business

May 4, 2012 1:53 pm | by The Associated Press

Faurecia said the deal makes it North America's No. 1 interior systems supplier and makes Ford its third-largest customer.

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TransCanada Reapplies For Oil Pipeline

May 4, 2012 1:51 pm | by Matthew Daly, Associated Press

Labor leaders who argue the pipeline would create jobs; the State Department estimates it could result in up to 6,000 new jobs.

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Hawker Beechcraft Files For Bankruptcy Protection

May 4, 2012 10:45 am | by Roxana Hegeman, Associated Press

Hawker Beechcraft said it filed for Chapter 11 bankruptcy protection in federal bankruptcy court in New York to expedite the prearranged restructuring of the company and some of its subsidiaries.

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China Vows Change In Trade, Finance

May 4, 2012 10:43 am | by Joe McDonald, AP Business Writer

China agreed to let foreigners own bigger stakes in its securities firms and promised to limit export subsidies after a high-level dialogue with the United States.

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Nissan Plant Will Not Be Annexed

May 4, 2012 10:42 am | by The Associated Press

Before the plant was built, the city had wanted to annex the land, but Nissan threatened to back out of the deal if it did.

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First Solar Restructuring Leads To Loss Of $449M

May 4, 2012 10:39 am | by Jonathan Fahey, AP Energy Writer

A shakeout that is rattling the solar panel industry has sent First Solar, once among the industry's biggest and strongest companies, to a big quarterly loss.

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Metals Fall On Discouraging Jobs News

May 4, 2012 10:37 am | by Sandy Shore, AP Business Writer

Prices for copper and other metals fell after discouraging reports about jobs and factory production renewed worries that demand could weaken for a variety of manufactured goods.

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Airgas Profit Jumps 40 Percent On Higher Sales

May 4, 2012 10:35 am | by The Associated Press

Industrial gas distributor Airgas Inc. said that its fiscal fourth-quarter profit jumped 40 percent on strong demand from manufacturing, petrochemical, and energy customers.

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General Motors 1Q Earnings Top $1B

May 3, 2012 1:54 pm | by Tom Krisher, AP Auto Writer

General Motors earned $1 billion in the first quarter as a strong performance in North America helped it overcome troubles in Europe.

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Union To Resume Talks With American Crystal

May 3, 2012 1:51 pm | by The Associated Press

Officials representing American Crystal Sugar and its locked-out union workers plan to meet again, but a resolution to the 10-month-long contract dispute appears unlikely.

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1Q U.S. Worker Output Fell By Most In A Year

May 3, 2012 1:49 pm | by Marting Crutsinger, AP Economics Writer

U.S. worker productivity fell from January through March by the most in a year. Stronger hiring at the start of the year was partly responsible for the drop.

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