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Daily industrial news and top headlines for plant and maintenance managers

China Biomass Tycoon Leads Deal To Buy Saab

June 14, 2012 1:57 pm | by Elaine Kurtenbach, AP Business Writer

Being linked to the acquisition of Saab's car making assets could help bring the huge, state-owned utility a step closer toward its long-sought goal of breaking into the electric vehicle market.


Explosion In India Steel Plant Kills 11

June 14, 2012 1:55 pm | by Omer Farooq, Associated Press

The explosion occurred when workers were checking a newly installed oxygen unit in the steel melting unit of the Vizag Steel plant.


CAT OKs 13 Percent Increase In Dividend

June 14, 2012 1:53 pm | by The Associated Press

Caterpillar Inc. said Wednesday that its board has approved a 13 percent increase in the quarterly cash dividend, marking the biggest percentage dividend increase since the financial crisis of 2008.


Billions Available To Manufacturers At Conference

June 14, 2012 12:49 pm | by Connecticut Innovations

Small Business Innovation Research & Global Trade Summit offers manufacturers the opportunity to secure billions in federal grants and commercial contracts.


Chinese Consumers Pay More, But Expect More

June 13, 2012 2:06 pm | by Elaine Kurtenbach, AP Business Writer

Chinese consumers can afford to splash out more on higher quality products but also expect better value for their money than in the past, an American Chamber of Commerce study found.


Opel Outlines Plan To Revamp German Plants

June 13, 2012 2:01 pm | by The Associated Press

General Motors' lossmaking Opel subsidiary has outlined a plan to end production at its plant in Bochum, Germany, in return for extending a no-layoff guarantee for two years through 2016.


NY Plant Hit With $233K In OSHA Fines

June 13, 2012 1:57 pm | by The Associated Press

Federal workplace safety officials have hit hair care manufacturer Zotos International with fines of $233,000 for hazards at its upstate New York plant.


U.S. Companies Boosted Stockpiles 0.4 Percent

June 13, 2012 1:56 pm | by Martin Crutsinger, AP Economics Writer

U.S. companies increased their stockpiles at a faster rate in April, despite only modest growth in sales.


Fuji Seal Adding 45 Jobs In Kentucky

June 13, 2012 1:52 pm | by The Associated Press

American Fuji Seal, a unit of packaging company Fuji Seal International, is adding 45 jobs with a $10 million expansion in Kentucky.


U.S. Wholesale Prices Fall By Most Since 2009

June 13, 2012 1:51 pm | by Christopher S. Rugaber, AP Economics Writer

A steep drop in gasoline costs drove down a measure of U.S. wholesale prices in May by the most since July 2009. But outside the food and energy categories, prices increased moderately.


Asian Electric Car Consortium To Buy Bankrupt Saab

June 13, 2012 10:25 am | by Louise Nordstrom, Associated Press

Swedish automaker Saab Automobile was Wednesday rescued from insolvency when an Asian consortium sealed a deal to buy the brand's main assets with the aim of making electric cars.


GM Holds 'Constructive' Talks With German Unions

June 13, 2012 10:23 am | by Tom Krisher, AP Auto Writer

General Motors is making progress in restructuring its money-losing European operations, CEO Dan Akerson told shareholders.


$25M Awarded To NY Steelworker In Racial Lawsuit

June 13, 2012 10:21 am | by The Associated Press

A jury has awarded $25M in damages to a New York steel plant employee who says his bosses failed to stop years of racial taunts and insults from his co-workers.


Ford Makes Big Investment In Louisville

June 13, 2012 10:20 am | by Bruce Schreiner, Associated Press

Ford has transformed a nearly 60-year-old assembly plant into the new home of the redesigned Escape, its entry in the ultra-competitive small SUV category. And it's bolstered the workforce to make the vehicle.


Solar Stocks Soar On First Solar Deal

June 13, 2012 10:18 am | by The Associated Press

Solar company stocks shined Tuesday on signs that global demand for solar products is improving.


Kraft To Close WI Cheese Plant

June 13, 2012 10:17 am | by The Associated Press

Kraft Foods Inc. plans to close a cheese plant in Waupaca and lay off 120 employees in a cost-cutting move.


GM CEO Blames Europe, Economy For Stock Price

June 12, 2012 2:15 pm | by Tom Krisher, AP Auto Writer

Akerson ranked Europe at the top of GM's problems, telling shareholders that the company is making progress there.

Toyota, WV College Partner On Training Program

June 12, 2012 2:13 pm | by The Associated Press

A new education-to-work program will give students hands-on experience in manufacturing while they earn a two-year degree.


Shares Of A123 Systems Soar On Technology News

June 12, 2012 2:11 pm | by The Associated Press

Shares of A123 Systems jumped in early trading after the embattled electronic-car battery maker said that it had developed new lithium ion technology capable of operating in extreme heat or cold.


Pulaski, TN To Get 800 Jobs In Plant Expansion

June 12, 2012 2:10 pm | by The Associated Press

Magneti Marelli will expand its operations in Pulaski, Tenn., creating 800 jobs as part of a $53.7 million investment.



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