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IMPO Insider

Daily industrial news and top headlines for plant and maintenance managers

Covidien Buys ev3 For $2.6 Billion

June 1, 2010 5:05 am

NEW YORK (AP) — Covidien PLC said Tuesday it is buying vascular device maker ev3 for $2.6 billion in cash as it continues to remake its business. Covidien, which makes drugs and medical devices, will pay $22.50 for each share of ev3, a premium of nearly 19 percent over Friday's closing price.

China's Manufacturing Slips In May

June 1, 2010 4:42 am

SHANGHAI (AP) — The recovery in China's manufacturing slowed in May on sluggish new orders and rising inventories, surveys showed Tuesday. The state-affiliated China Federation of Logistics and Purchasing said its purchasing managers index, or PMI, fell to 53.9 in May from 55.7 in April and 55.

Outsourcers Discover Chinese Workers 'Are Not Machines'

June 1, 2010 4:40 am | by Elaine Kurtenbach, AP Business Writer

SHANGHAI (AP) — Global manufacturers struggling with life-or-death pressures to control costs are finding that the legions of low-wage Chinese workers they rely on have limits. A strike at Honda Motor Co. and the official response to a spate of suicides at Foxconn Technology, a maker of electronics for industry giants such as Apple, Dell and Hewlett-Packard, suggests China's leaders are at least tacitly allowing workers to talk back.

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Welcome To The 'Made In America' Store

June 1, 2010 4:38 am | by Carolyn Thompson, Associated Press Writer

ELMA, N.Y. (AP) — Mark Andol has one requirement for the products he stocks at his retail store: They have to be made in America — 100 percent from product to packaging. So not only is the maple syrup tapped from U.S. trees, but it's also bottled in U.S.-made containers. Toys are shrink-wrapped in American-made plastic, clothing and American flags stitched with homegrown thread.

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Who Makes All The Things We Ignore?

May 28, 2010 6:28 am | by Carlie Kollath, AP Writer

SHANNON, Miss. (AP) — Adlam Films makes stuff people don't think about, even though they use it every day. For example, the family owned company makes the clear plastic wrap that protects individual bags of microwave popcorn for brands such as Orville Redenbacher's and Act II. Adlam also makes the laminating materials that are sold to many schools and are used by FedEx Office — formerly FedEx Kinko's.

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The Mentos-And-Diet-Coke... Rocket Car?

May 28, 2010 5:56 am

BUCKFIELD, Maine (AP) — The guys from Maine who became online celebrities by creating geysers from Mentos candies and Diet Coke say they have harnessed that power to create a "rocket car." The contraption created by Fritz Grobe and Stephen Voltz of Buckfield features a utility trailer on the back and a modified girl's bike at the front.

Oil Rig Workers: BP 'Gambled' With Our Lives

May 28, 2010 5:04 am | by Ben Evans and Mike Kunzelman, Associated Press Writers

WASHINGTON (AP) — Two workers injured when an oil rig exploded in the Gulf of Mexico told Congress that the companies in charge of the doomed drilling operation cut corners and neglected maintenance in a race toward higher profits. Oil has been spewing since the Deepwater Horizon blew up off the coast of Louisiana April 20, killing 11 workers.

Oil Rig Workers: BP 'Grambled' With Our Lives

May 28, 2010 5:04 am | by Ben Evans and Mike Kunzelman, Associated Press Writers

WASHINGTON (AP) — Two workers injured when an oil rig exploded in the Gulf of Mexico told Congress that the companies in charge of the doomed drilling operation cut corners and neglected maintenance in a race toward higher profits. Oil has been spewing since the Deepwater Horizon blew up off the coast of Louisiana April 20, killing 11 workers.

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Oakland To Sanction, Tax Pot Growers

May 28, 2010 4:49 am | by Lisa Leff & Marcus Wohlsen, Associated Press Writers

OAKLAND, California (AP) — Local governments in California and other Western states have tried to clamp down on medical marijuana, but Oakland has taken a different approach. If you can't beat 'em, tax 'em. After becoming the first U.S. city to impose a special tax on medical marijuana dispensaries, Oakland soon could become the first to sanction and tax commercial pot growing operations.

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Big Tobacco's Next Target: Young Women

May 28, 2010 4:48 am | by Margie Mason, AP Medical Writer

With half of all men in some developing countries already hooked on cigarettes, the tobacco industry is now courting lucrative new customers — young women, a report said. About 80 percent of the world's estimated 1 billion smokers are men, but more women are picking up the habit in some countries as flavored products and glossy feminine packaging cater to them.

Drew Carey's 'Price' To Save Cleveland

May 28, 2010 4:46 am | by Meghan Barr, Associated Press Writer

CLEVELAND (AP) — Comedian Drew Carey, wearing a loud black-and-white checkered blazer, marched into City Hall in his hometown on Thursday and told council members what they're doing wrong. Respectfully, of course. "I don't envy anybody at this table," Carey said during the three-hour-long discussion.

Mercury On The Automotive Chopping Block?

May 28, 2010 4:31 am | by Dee-Ann Durbin, AP Auto Writer

DETROIT (AP) — Mercury could soon be the latest Detroit car brand to disappear. Ford Motor Co. is assessing the future of Mercury, although a final decision on whether to kill the brand hasn't yet been made, a person familiar with the company's deliberations said Thursday. The person asked not to be named because the process is ongoing.

Foxconn Offers Workers 20 Percent Raises

May 28, 2010 4:30 am | by Annie Huang, Associated Press Writer

TAIPEI, Taiwan (AP) — The Taiwanese electronics company buffeted by a spate of suicides at its China factories said Friday it will raise the pay of workers by an average of 20 percent. The pay raises at Foxconn Technology Group have been in the works for months to cope with a labor shortage following China's recovery from the global recession, said a company official speaking on condition of anonymity because he was not authorized to talk to the press.

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Honda's Chinese Operations Halted By Strikes

May 28, 2010 4:29 am

TOKYO (AP) — Honda Motor Co. said Friday that production at three of its four plants in China remains suspended because of a lack of transmissions and engine parts caused by a strike at a parts maker, but will resume partially next week at the fourth. Workers demanding better wages went on strike at Honda Auto Parts Manufacturing Co.

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Albany Industries Adds 200 Furniture-Making Jobs

May 28, 2010 4:28 am

RIPLEY, Miss. (AP) — Furniture manufacturer Albany Industries is expanding its operation in Ripley in northeast Mississippi and could hire up to 200 more workers. The company, based in New Albany, Miss., tells the Northeast Mississippi Daily Journal that it has acquired the former Agracel facility in the North Ripley Industrial Park.

Congress Wants More Electric Car Credits, Infrastructure

May 28, 2010 4:27 am | by Stephen Manning, AP Business Writer

WASHINGTON (AP) — The federal government would provide grants to help cities build the infrastructure needed to support electric vehicles and to offer new tax credits for buyers of those cars under legislation introduced Thursday in Congress. The bills in the House and Senate are designed to smooth the way for the electric vehicles that are expected to start showing up at car dealerships in large numbers this fall.

A College Degree Is Closer Than You Thought

May 27, 2010 11:58 am

DEARBORN, Mich. — The Society of Manufacturing Engineers (SME) and University of Phoenix have reached an agreement that will provide holders of SME certifications with articulation credits toward their college degree. This will enable them to expedite their time towards a degree through a prior learning assessment, potentially saving them as much as an entire semester in courses.

Tanker Deal Would Bring Boeing Jobs To Michigan

May 26, 2010 4:55 am

JACKSON, Mich. (AP) — Boeing Co. says it will bring about 450 new jobs and $25 million in annual economic impact to Michigan if it wins the Pentagon's contract to build a new fleet of aerial refueling jets. The Chicago-based company said Tuesday components would come from Eaton Aerospace in Jackson and Grand Rapids, General Electric in Grand Rapids, Honeywell International in Boyne City, and LaSalle Electric Supply in Livonia.

EPA: Most Texas Refineries Break Clean Air Act

May 26, 2010 4:47 am | by Ramit Plushnick-Masti, Associated Press Writer

HOUSTON (AP) — The Environmental Protection Agency moved Tuesday to end a long-running dispute with Texas over how the state regulates emissions, including cancer-causing toxins such as benzene and butadiene, from dozens of refineries that produce a third of the nation's gasoline and billions of dollars of petrochemicals.

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Nissan Breaks Ground On 1,300-Job Tenn. Battery Plant

May 26, 2010 4:25 am

SMYRNA, Tenn. (AP) — Nissan North America Inc. is breaking ground on a lithium-ion battery plant as part of its plan to build electric cars and eventually create up to 1,300 jobs in Tennessee. The battery plant at Smyrna is part of a $1.7 billion investment in the new battery plant and initial production of the all-electric Leaf starting in 2012.

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