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Daily industrial news and top headlines for plant and maintenance managers

Volvo Facility Powered Entirely By Renewable Energy

January 21, 2014 1:20 pm | by Volvo Group

At the end of December 2013, Volvo Construction Equipment’s site in Braås, Sweden, completed its journey towards becoming carbon dioxide neutral.  It is the first construction equipment production facility in the world to be powered entirely by renewable energy.

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Chrysler Enters Into Agreement With UAW

January 21, 2014 1:11 pm | by Chrysler Group LLC

As previously announced, Chrysler Group and the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (the UAW) have entered into a memorandum of understanding to supplement Chrysler Group’s existing collective bargaining  agreement.

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Bombardier Laying Off 1,700

January 21, 2014 12:07 pm | by The Associated Press

Bombardier says it plans 1,700 layoffs from its aerospace division. The Montreal-based company told employees Tuesday that the cuts are required due to delays in the launch of new planes and tough market conditions. Bombardier Inc. says it needs to preserve cash.

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Third Point Says It Bought Stake In Dow Chemical

January 21, 2014 12:05 pm | by The Associated Press

Hedge fund Third Point LLC says it has acquired a stake in Dow Chemical and wants the company to spin off its petrochemicals division. Dow Chemical Co. shares jumped $2.25, or 5.2 percent, to $45.32 in morning trading after rising as high as $46.70 earlier. Third Point says Dow is now its biggest investment.

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Peltz Joins Mondelez Board, Backs Off PepsiCo Deal

January 21, 2014 11:46 am | by The Associated Press

Activist investor Nelson Peltz is no longer pushing for a deal between PepsiCo and Mondelez, after Mondelez on Tuesday named him to its board. Mondelez, which makes Oreo and Chips Ahoy cookies, says the appointment expands its board to 12 members and that Peltz will be among its nominees for election at its shareholders meeting.

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EU Suspends Part Of Free Trade Talks With U.S.

January 21, 2014 11:42 am | by Juergen Baetz, Associated Press

The European Union says it is suspending a part of the free trade negotiations with the United States to hold a three months-long public consultation amid worries about the deal's proposed rules for investment. EU trade chief Karel De Gucht said Tuesday "some people in Europe have genuine concerns" about the planned investment agreement and the EU therefore seeks their input.

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Emerging Markets Fuel Revenue For SABMiller

January 21, 2014 11:40 am | by The Associated Press

SABMiller PLC, one of the world's biggest brewers, says demand in emerging markets fueled sales in the third quarter, which ended Dec. 31. Chief Executive Alan Clark says in a statement Tuesday that growth in Africa, Latin America and China helped overall revenue grow 4 percent despite weaknesses in the North American and European markets.

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GE Arm, Boeing Confirm Order For 40 Planes

January 21, 2014 9:42 am | by The Associated Press

A General Electric plane leasing unit has ordered 40 aircraft from airplane maker Boeing, a deal valued at $3.9 billion at list prices. Boeing booked the order from GE Capital Aviation Services, the commercial aircraft leasing and financing arm of General Electric Co., in 2013.

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French Leader To CEOs: Invest More To Get Tax Cut

January 21, 2014 9:40 am | by The Associated Press

Companies in France pay the highest payroll taxes in Europe. A promised 30 billion-euro ($41 billion) payroll tax cut is a centerpiece of Hollande's new bid to keep the economy from sliding back into recession and bring down nearly 11 percent unemployment.

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Judge To Sentence Ex-Halliburton Manager

January 21, 2014 9:37 am | by Michael Kunzleman, Associated Press

Anthony Badalamenti, of Katy, Texas, was scheduled to be sentenced Tuesday by U.S. District Judge Jay Zainey. Badalamenti pleaded guilty in October to one misdemeanor count of destruction of evidence and faces a maximum sentence of 1 year in prison and a $100,000 fine.

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Legislation Proposed In WV To Regulate Chemicals

January 21, 2014 9:20 am | by Jonathan Mattise, Associated Press

Tomblin, the Democratic governor, urged passage of a chemical storage regulatory program. The bill aims to address shortcomings that allowed 7,500 gallons of coal-cleaning chemicals to seep into the Elk River on Jan. 9. Freedom Industries, which owned the plant that leaked the chemicals, filed for Chapter 11 bankruptcy Friday.

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VW Distances Itself From Auto Club's Poll

January 21, 2014 9:17 am | by The Associated Press

Europe's largest car maker Volkswagen says it won't use the ranking of its "Golf" model as Germany's favorite car in its advertising, after it came to light the country's main automobile club fudged figures in its poll.         

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Cause Of Deadly Omaha Plant Explosion Unknown

January 21, 2014 9:13 am | by Josh Funk, Associated Press

After a blast caused much of an Omaha manufacturing plant to collapse, some workers found themselves buried in debris and others scrambled for their lives. Two of the 38 workers who were at the International Nutrition plant on Monday morning died and 10 were hospitalized with significant injuries, authorities said.

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UN: More Than 200M Jobless Last Year

January 20, 2014 1:52 pm | by The Associated Press

The United Nations' labor agency says the number of unemployed people around the world rose above 200 million last year as job opportunities failed to grow at the same pace as the global workforce. That's 4.9 million more than the previous year.

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Iowa Workers Have Shots At Regaining Tyson Jobs

January 20, 2014 1:50 pm | by The Associated Press

The 60 workers who lost their jobs at the Tyson plant in northwest Iowa's Cherokee could return if business were to pick up and more production were needed. After Friday's layoff, the plant still employs about 500 people. The plant produces deli meats.

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14 Companies Bid To Destroy Syria Chemicals

January 20, 2014 1:47 pm | by The Associated Press

The Organization for the Prohibition of Chemical Weapons says 14 private sector companies have submitted bids to destroy chemicals removed from Syria as part of international efforts to dismantle Damascus' poison gas and nerve agent program.

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Transition Teams Handling Beechcraft Sale Details

January 20, 2014 11:51 am | by The Associated Press

The sale of Beechcraft to Cessna Aircraft's parent company, Textron, is expected to close in the first half of this year, pending government approvals.                             

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Horse Slaughter Blocked By Federal Law

January 20, 2014 11:49 am | by Barry Massey, Associated Press

The resumption of commercial horse slaughter in the U.S. was blocked Friday as President Barack Obama signed a budget measure that withholds money for required federal inspections of the slaughtering process.            

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ABInBev Repurchases Oriental Breweries

January 20, 2014 11:46 am | by The Associated Press

InBev never really wanted to part with the leading South Korean brewer, but decided to sell it in 2009 to KKR and Affinity Equity Partners for $1.8 billion, as part of a strategy to reduce debt during the financial crisis. The deal has proved highly lucrative for the private equity firms.

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Life Sentence For China Dumpling Poisoner

January 20, 2014 11:44 am | by The Associated Press

A Chinese court on Monday sentenced a former food plant worker to life in prison for poisoning frozen dumplings that sickened 10 people in Japan in 2008 and strained relations with Tokyo just months before the Beijing Olympics.       

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