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Daily industrial news and top headlines for plant and maintenance managers

Olympus Whistleblower Wants Answer On Dismissal

April 20, 2012 1:48 pm | by Yuri Kageyama, AP Business Writer

Michael Woodford, who blew the whistle on an accounting scandal at Olympus Corp., took a stand at its shareholders' meeting, demanding to know why he was fired as chief executive.

Automakers Unveil New Models At Beijing Show

April 20, 2012 1:46 pm | by Didi Tang, Joe McDonald, The Associated Press

Automakers are bringing SUVs and luxury sedans designed for Chinese buyers to China's biggest auto show this year as they scramble to keep sales growing.

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Nissan Infiniti To Make Cars In China

April 20, 2012 1:44 pm | by The Associated Press

The luxury automaker said it will manufacture cars in China for the first time starting in 2014, joining a rush by global automakers to expand production in the world's biggest auto market.

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Johnson Controls 2Q Profit Rises 3 Percent

April 20, 2012 1:42 pm | by The Associated Press

The auto parts and building equipment maker said that strong demand from automakers offset higher costs for starting a new metals plant in North America.

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H.B. Fuller To Close 6 Plants, Cut 130 Jobs

April 20, 2012 10:17 am | by The Associated Press

The specialty chemical maker said it will close six factories by mid-2013 and cut jobs across its North American adhesives business as it integrates the recently acquired business of Forbo Group.

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Nokia Posts $1.2B Loss As Sales Plummet

April 20, 2012 10:15 am | by Matti Huuhtanen, Associated Press

Struggling cellphone maker Nokia has suffered one of its worst quarterly results ever, blaming tough competition for a huge net loss as sales plunged, especially in the smartphone market.

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Japan Reports Largest Trade Deficit Ever

April 20, 2012 10:13 am | by Yuri Kageyama, AP Business Writer

Disaster-battered Japan reported its biggest annual trade deficit ever Thursday, a contrast from decades of surpluses, as a nuclear crisis boosted expensive oil and gas imports.

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Dow Chemical To Build TX Ethylene Plant

April 20, 2012 10:11 am | by The Associated Press

The plant is one of several projects in Dow Chemical's $4 billion investment plan to take advantage of lower natural gas prices.

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Asia's Largest Solar Field Switched On In India

April 20, 2012 10:09 am | by Katy Daigle, Associated Press

The west Indian state of Gujarat is flipping the switch on Asia's largest solar power field as part of its 600 megawatt solar energy addition to India's power grid.

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GE 1Q Profit falls 12 Percent But Tops Estimates

April 20, 2012 10:07 am | by Chris Kahn, AP Business Writer

The industrial and financial giant said its primary manufacturing operation has rebounded after posting weak results following the global recession.

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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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