Subscribe to IMPO Magazine News
View Sample

FREE Email Newsletter

IMPO Insider

Daily industrial news and top headlines for plant and maintenance managers

Shoe Factory Fire In Pakistan Kills 25 People

September 11, 2012 1:46 pm | by Zaheer Babar, Associated Press

A fire that broke out in a factory in eastern Pakistan on Tuesday killed 25 people when sparks from a generator hit chemicals used to make shoes, a Pakistani police officer said. The fire erupted when people in the building were trying to start their generator after the electricity went out. 

How Makers Of Phones And Tablets Are Faring

September 11, 2012 1:38 pm

Many companies including Nokia and Research in Motion have been struggling to compete with Apple and manufacturers of devices running Google's Android software. That shows in some of the earnings reports released so far for the latest quarter.

Philips To Cut 2,200 Jobs By 2014

September 11, 2012 1:36 pm | by Associated Press

Royal Philips Electronics NV says it plans to cut 2,200 jobs by 2014 to save $383 million per year. Saving money will lessen "the effects of macro-economic headwinds and changes in pension cost accounting" said CEO Frans van Houten. 


US Trade Deficit Grew Slightly To $42B In July

September 11, 2012 1:08 pm | by Martin Crutsinger, AP Economics Writer

U.S. exports fell 1 percent to $183.3 billion, lowered by weaker sales of autos, telecommunications equipment and heavy machinery. Imports declined 0.8 percent to $225.3 billion — oil imports fell 6.5 percent. A wider trade deficit acts as a drag on growth because the U.S. is typically spending more on imports while taking in less from the sales of American-made goods.

Dorner President & CEO Dies In Accident On Sept. 8

September 11, 2012 12:49 pm | by Dorner

Rich, 59, began his career with Dorner in October 2005, when he was hired as its COO. He held that position until this past June, when he was appointed President and CEO following the company’s acquisition by Pittsburgh-based Incline Equity Partners.

West Virginia Manufacturing Jobs Decreased 1.3% Over The Past Year

September 11, 2012 10:48 am | by Manufacturers' News, Inc.

MNI reports West Virginia lost 1,113 industrial jobs or 1.3% between July 2011 and July 2012, a greater decline than the half percent loss reported over the 2010-2011 survey period. Manufacturers' News reports West Virginia is now home to 1,947 manufacturers employing 83,225 workers.


Company To Bring Nearly 135 Jobs To Alabama

September 11, 2012 10:44 am | by Associated Press

A Japan-based company is expected to announce plans to open a manufacturing facility in Alabama. TASUS Corp. produces plastic automotive parts and has clients that include most major North American automobile manufacturers.


Trial To Start On Pollution Lawsuit Against AVX

September 11, 2012 10:37 am | by Associated Press

The Sun News of Myrtle Beach reports the trial starting Monday involves David and Steve Nance's claims that contamination from AVX killed their planned condominium project. The lawsuit seeks damages for the inability to build and sell the condos.


Kodak Job Cuts Continue As It Aims To Exit Ch. 11

September 11, 2012 10:36 am | by Associated Press

Eastman Kodak Co. said it cut approximately 2,700 employees worldwide since the beginning of the year, and plans to eliminate roughly 1,000 more by 2012's end

13 Defense Executives Bemoan Uncertainty Of Cuts

September 11, 2012 10:34 am | by Associated Press

Thirteen defense executives are complaining that the threat of automatic, across-the-board cuts to military spending is creating uncertainty that's already affected their industry.

Trial Begins In 2 Philadelphia Food Plant Killings

September 11, 2012 10:31 am | by Maryclaire Dale, Associated Press

A security guard at a Philadelphia food plant says he opened the gate for an armed employee before a shooting that left two people dead. Guard Mark Bentley is testifying at Yvonne Hiller's double-murder trial about the night Hiller was suspended from Kraft Foods in September 2010.


Ohio Firm Gets $15.4 Million Air Force Contract

September 10, 2012 2:17 pm | by Associated Press

One of five bidders for the contract, the company with about 60 employees is under agreement to complete the job by July 30, 2013. It already has built about half of the 41 trailers ordered under a previous deal. The trailers will be delivered to more than 20 locations around the world.

Solyndra Creditors Cleared To Plan Company's Future

September 10, 2012 2:16 pm | by Randall Chase, AP Business Writer

Solyndra disclosed in court papers filed this week that Argonaut Ventures I LLC and Madrone Partners LP could reap hundreds of millions of dollars in tax breaks after Solyndra emerges from bankruptcy. Under the proposed plan, the federal government stands to recover little, if any, of the $528 million loan, while creditors will see tax breaks.

Oil Prices Fall On Sour Economic News From China

September 10, 2012 2:14 pm | by Samantha Bomkamp, AP Business Writer

Data released Monday showed China's imports shrank unexpectedly in August, and the Chinese president warned growth could slow further. Factory output is now at a three-year low. It's troubling news from the world's second-largest economy, especially when growth in the world's No. 1 economy — the U.S. — has also slowed.

Nissan Rolls Out Chinese Brand's New Model

September 10, 2012 2:06 pm | by Assocated Press

The compact R50 hatchback will sell for as little as 67,800 yuan ($10,760), Nissan announced Saturday. It is part of a wave of new models by Japanese, U.S. and European automakers that are aimed at China's growing low-priced market outside major cities.

Hewlett-Packard Expands Job Cuts By 2,000

September 10, 2012 2:03 pm | by Associated Press

In a regulatory filing Monday, the computer and printer maker said it will cut 29,000 jobs by October 2014, up from the 27,000 cuts it announced in May. It didn't explain why it had raised the number. As before, it expects some of the job cuts to come through an early retirement program.

India Car Sales Down 19 Percent On Weak Demand

September 10, 2012 2:01 pm | by Erika Kinetz, AP Business Writer

The Society of Indian Automobile Manufacturers blamed high interest rates, a vehicle tax hike and rising fuel prices for dampening demand. The government, however, has been under intense pressure to reduce its fiscal deficit by cutting spending for subsidies, particularly on fuel.

China's Imports Shrink In Sign That The Downturn Is Worsening

September 10, 2012 10:50 am | by Joe McDonald, AP Business Writer

Imports declined 2.6 percent from a year earlier, below analysts' expectations of growth in low single digits, data showed Monday. That came on top of August's decline in factory output to a three-year low and other signs growth is still decelerating despite repeated stimulus efforts.


Oil Refinery To Start Production Again In Kentucky

September 10, 2012 10:48 am | by Associated Press

The plant opened in the 1930s as a market for crude oil producers in Kentucky and Tennessee. It went into bankruptcy in 2007. Haseotes recently announced a deal for Sunoco to supply crude oil to the plant. The refinery is one of only two in Kentucky can process 5,500 barrels of oil a day. Marathon Petroleum Corp. operates the other facility at Catlettsburg.


Kentucky Company Aims To Build Fuel Plant Near Corbin

September 10, 2012 10:38 am | by Assocated Press

Patriot Bioenergy Corp., which has an office in Williamsburg, wants to locate the facility in Whitley County if the infrastructure is built and the Kentucky Economic Development or Energy Incentives boards approve of the project. Patriot's CEO Roger Ford told The Times-Tribune that the company would use natural gas to spark the process in a similar fashion to a distillery getting alcohol from sugar.



You may login with either your assigned username or your e-mail address.
The password field is case sensitive.