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IMPO Insider

Daily industrial news and top headlines for plant and maintenance managers

Airbus Sees World Aircraft Fleet Doubling By 2032

September 24, 2013 2:31 pm | by Pan Pylas, Associated Press

Airbus is predicting that the number of jet planes around the world will double in the next 20 years, largely to satisfy demand in emerging markets, particularly China. At a press briefing in London, where it unveiled its market forecasts for the period up to 2032, the European plane maker said air traffic will grow 4.7 percent annually.

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MI Center Gets $2.27M U.S. Tech Grant

September 24, 2013 2:29 pm | by The Associated Press

The federal government has awarded a $2.27 million contract to a suburban Detroit organization to promote advanced manufacturing in Michigan. Democratic U.S. Sens. Debbie Stabenow and Carl Levin said Tuesday that the Michigan Manufacturing Technology Center in Plymouth received the contract from the National Institute of Standards and Technology.

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German Crankshaft Maker To Open MS Plant

September 24, 2013 2:27 pm | by The Associated Press

A German powertrain maker will build its first American factory in Tunica, with plans to invest $140 million and hire 300 people over five years. Feuer Powertrain Gmbh & Co. KG says it hopes to start production by early 2015 at the 156,600 square-foot plant it will build. Feuer will make forged crankshafts for cars, trucks and heavy equipment.

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Applied Materials In Takeover Of Tokyo Electron

September 24, 2013 2:24 pm | by The Associated Press

Chip-making equipment manufacturer Applied Materials is acquiring Tokyo Electron Ltd., a rival maker of equipment for production of semiconductors, flat panel displays and solar panels. The two companies said Tuesday their $9.39 billion all-stock transaction will result in the creation of a new company with a market capitalization of about $29 billion.

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Illinois Tool Works To Sell Packaging Business

September 24, 2013 2:23 pm | by The Associated Press

Illinois Tool Works will attempt to sell its industrial packaging business by the middle of next year. The company had said in February that it was reviewing its options for the business, which had revenue last year of $2.4 billion. The decision to sell was based on the "underlying value of the business, the level of preliminary interest from potential buyers and a favorable debt market," the company said Tuesday.

EMO Hannover 2013: More Visitors, More Business, More Power

September 24, 2013 12:12 pm | by EMO Hannover

EMO Hannover 2013 – the leading international trade fair for the machine tool industry – came to a successful close on Saturday 21, September 2014. From September 16 to 21, more than 2,100 exhibitors from 43 different countries were on hand in Hannover to showcase their innovations to industrial users from around the world under, Intelligence in Production, the event’s keynote theme.

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Chrysler Prepares For IPO At Trust's Request

September 24, 2013 10:20 am | by Dee-Ann Durbin, AP Auto Writer

Chrysler Group is reluctantly preparing for an initial public offering of some of its shares. The automaker is proceeding with the IPO after it failed to reach an agreement on the value of the stock with the retiree trust that owns it. Chrysler shares haven't been publicly traded since 1998, when the company merged with Daimler AG.

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S. Korea Rejects Boeing, Says F-15 Not Good Enough

September 24, 2013 10:18 am | by Hyung-Jin Kim, Associated Press

South Korea on Tuesday rejected Boeing Co.'s bid to supply 60 fighter jets in the country's largest-ever weapons purchase even though it was the sole remaining bidder, and said it would reopen the tender. Boeing had offered its F-15 Silent Eagle, but South Korean critics have said the warplane lacks state-of-the-art stealth capabilities and cannot effectively cope with North Korea's increasing nuclear threats.

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OH Plant Making New Cherokee Idles 500 Workers

September 24, 2013 10:16 am | by The Associated Press

About 500 workers have been temporarily laid off from a northwest Ohio plant that produces the new Jeep Cherokee. Transmission reprogramming and extra test-driving delayed shipment of the vehicles, and inventory from the Toledo facility has accumulated, so some second-shift workers have been idled. The layoffs are expected to last about two weeks.

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Wonder Bread Returning To Shelves

September 24, 2013 10:15 am | by The Associated Press

Wonder Bread is back almost a year after it vanished from shelves. Flowers Foods Inc., which bought Wonder from the now-defunct Hostess Brands, said the bread started returning to supermarket shelves Monday. The company, which also makes Tastykake and Nature's Own bread, snapped up five bread brands after Hostess went out of business late last year. 

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Yokohama Tire Breaks Ground For MS Facility

September 24, 2013 10:12 am | by The Associated Press

Yokohama Tire Corporation officials and state leaders gathered Monday for ceremonial ground breaking for a manufacturing facility that is expected to create hundreds of jobs. Gov. Phil Bryant, company executives and others gathered for the ground breaking ceremony in West Point, where the company will manufacture commercial truck tires.

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Dutchmen RV Manufacturing Plant Closing In ID

September 24, 2013 10:11 am | by The Associated Press

A recreational vehicle production plant in Burley is closing next month and moving its work to Pendleton, Ore. The Times-News reports Indiana-based Dutchmen Manufacturing Inc. announced last week the Burley RV plant will close on Nov. 15, affecting more than 160 employees.

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Fairfax To Buy BlackBerry For $4.7B

September 23, 2013 2:46 pm | by Rob Gillies, Associated Press

BlackBerry has agreed to sell itself for $4.7 billion to a group led by largest shareholder, Fairfax Financial Holdings Ltd. BlackBerry said Monday that a letter of intent has been signed and its shareholders will receive $9 in cash for each share.

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EPA To 'Effectively Shut Down' Without Budget Deal

September 23, 2013 2:32 pm | by Josh Lederman, Associated Press

The head of the Environmental Protection Agency says the agency will "effectively shut down" unless Congress approves stopgap funding by Oct. 1. EPA Administrator Gina McCarthy says the agency won't be able to pay employees. She says only a core group of people will remain on duty in case the EPA has to respond to a "significant emergency." The vast majority of employees will stay home.

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BlackBerry Slashes Jobs In Face Of $1B 2Q Loss

September 23, 2013 2:30 pm | by Rob Gillies, Associated Press

It was once so addictive it inspired the nickname "CrackBerry." President Barack Obama confessed to being among the millions of devotees who couldn't bear to stop tapping feverishly away on its tiny keyboard. Madonna once said she slept with hers under her pillow. Then came the iPhone.

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Moody's Restores GM Debt To Investment Grade

September 23, 2013 2:28 pm | by Tom Krisher, AP Auto Writer

A key ratings agency has restored General Motors' debt to investment grade status, eight years after the company lost the rating as it spiraled toward bankruptcy protection. The upgrade came on Monday morning, shortly after GM announced plans to buy back high-interest preferred stock from a union retiree health care trust fund for $3.2 billion.

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Survey: China Manufacturing At 6-Month High

September 23, 2013 2:26 pm | by Kelvin Chan, AP Business Writer

China's manufacturing rose to a six-month high in September, in the latest sign that the world's second biggest economy is gradually recovering from a prolonged slowdown. The preliminary version of HSBC's purchasing managers' index released Monday climbed to 51.2 from 50.1 in August on a 100-point scale. Numbers above 50 indicate an expansion in activity.

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Lockheed Martin Awarded $4B Missile Defense Deal

September 23, 2013 2:24 pm | by The Associated Press

Lockheed Martin Corp. said Monday that it was awarded a $3.9 billion deal to provide missile defense equipment for the United States and the United Arab Emirates. The contract includes making up to 110 interceptors for the U.S. Army and 192 interceptors for the UAE. It will also make ground equipment for the UAE. Missile defense systems are able to detect and destroy any incoming missiles.

Auto Suppliers To Bring At Least 350 Jobs To AL

September 23, 2013 2:23 pm | by The Associated Press

Alabama Gov. Robert Bentley says two affiliated companies in the automotive supply field will build their first U.S. production facility in Tuscaloosa, creating at least 350 new jobs by 2016. Bentley announced the plans during a Monday morning news conference at the Tuscaloosa River Market in Tuscaloosa.

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Long, Strange Trip Ending For VW's Hippie Van

September 23, 2013 10:02 am | by Bradley Brooks, Stan Lehman, Associated Press

It carried hippies through the 1960s, hauled surfers in search of killer waves during endless summers and serves as a workhorse across the developing world, but the long, strange trip of the Volkswagen van is ending. Brazil is the last place in the world still producing the iconic vehicle.

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