Toyota says it will begin sending U.S.-built Corolla sedans to 18 countries in Latin America and the Caribbean starting next year. The world's biggest car maker said Thursday that production of the U.S.-built vehicles is set to start at its Tupelo, Miss., plant in April 2014.
While the iPhone 5S includes a handful of new features that set it apart from Apple's previous model, the actual cost to make the phone hasn't changed very much, according to a new study. An IHS Inc. teardown of the new smartphone found that the components that make up a 16-gigabyte iPhone 5S cost $190.70. Manufacturing costs add another $8, bringing the total production cost to $198.70.
The amount of vacant space in northwestern Indiana warehouses, factories and business parks has sunk to the lowest level in more than two decades. The region's industrial vacancy rate has fallen to 7.24 percent, one of the lowest rates that market has seen, according to a commercial real estate organization. The rate has been steadily dropping from its peak of 12.1 percent at the end of 2009.
General Motors will sell $4.5 billion in bonds to reduce debts owed to union-run trusts that pay health care bills for the company's U.S. and Canadian retirees. The company said Tuesday that it will spend $3.2 billion from the bond sale to buy 120 million shares of GM preferred stock from a U.S. trust that provides health care to retired members of the United Auto Workers union.
The delivery date of China's long-delayed first commercial jet airliner has been pushed back again, the manufacturer said Wednesday, the latest setback for China's ambitions to challenge market leaders Boeing and Airbus. Originally promised for 2007, the plane was most recently expected late this year, but Comac Chairman Jin Zhuanglong said it will now be ready in mid-2014.
A Dallas-based wind-power developer has proposed an array of as many as 650 wind turbines for 190 square miles of the Texas South Plains. Tri Global Energy LLC announced plans for Hale Community Energy on Tuesday. The vast wind farm would extend from Abernathy over much of eastern Hale County on land Tri Global says is controlled by more than 340 owners and has more than 450 shareholders.
Eastman Chemical Co. plans to invest $40 million over the next three years to expand its manufacturing operation in Henry County, creating 25 jobs. Gov. Bob McDonnell announced the planned expansion on Wednesday. The facility acquired by Eastman last year manufactures window films for the automotive and architectural markets and employs about 500 people.
Companies placed slightly more orders in August for U.S. long-lasting manufactured goods, stepping up demand for cars, trucks and machinery. Even with the gain, business spending on factory goods may not be strong enough to accelerate economic growth in the July-September quarter.
Police in Bangladesh used batons, rubber bullets and tear gas Wednesday to stop ongoing protests by garment workers demanding higher wages, while factory owners feared they may miss shipments to the United States and Europe. The fifth day of protests in two industrial districts near Dhaka, the capital, forced authorities to close more than 100 factories for the day, police and news reports said.
Shell Oil Co. announced Tuesday that it has settled on Ascension Parish to possibly build a $12.5 billion natural gas to liquids plant that would create 740 direct jobs. No final decision has been made on whether to construct the facility on a site near Sorrento, about 30 miles from Baton Rouge. The company says it will decide after engineering studies and environmental permitting are done.
Nestle USA says it will spend $72 million to add a new production line to the central Indiana plant where it makes several beverage products. The expansion project will start up a seventh production line at the factory along Interstate 69 in Anderson. The company says it will be making more of its Boost and Carnation Breakfast Essentials drinks at the plant.
A federal agency is proposing nearly $133,000 in fines for a Hastings cold storage plant, alleging more than a dozen safety violations. The U.S. Department of Labor's Occupational Safety and Health Administration says in a news release that workers were exposed to anhydrous ammonia at the Nebraska Cold Storage Inc. plant.
The U.S. Department of Transportation’s Federal Transit Administration announced a new Interagency Agreement with the U.S. Department of Commerce’s NIST that will make it easier for manufacturers and transit agencies to identify domestically made products, such as steel and iron components that comply with FTA’s “Buy America” rules requiring that at least 60 percent of the components must be manufactured in the United States.
Google Inc. paid $24.5 million for the former Gatorade plant in Pryor — a fraction of the $180 million spent on the facility when it opened five years ago, according to the commercial real estate firm handling the transaction. B Richard Ellis/Oklahoma confirmed the purchase price Monday to the Tulsa World.
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.
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.
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.
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.
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 – 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.