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The Lead

Lawmakers Announce Trade Authority Deal

April 17, 2015 9:35 am | by Andy Szal, Digital Reporter | News | Comments

A bipartisan group of lawmakers on Thursday introduced a long-awaited bill that would grant the White House power to negotiate trade agreements.

 

Apple Watch’s Debut Shows Growing Importance of China

April 15, 2015 1:36 pm | by Andy Szal, Digital Reporter | News | Comments

The simultaneous debut of the Apple Watch in the U.S. and China exemplifies the increasing...

Toyota Building Plants in Mexico, China; Seeks Growth Again

April 15, 2015 10:07 am | by Yuri Kageyama, The Associated Press | News | Comments

Toyota is building two new auto plants, one in Mexico and the other in China, ending a 3-year...

Manufacturing Groups Call for Corporate Tax Overhaul

April 15, 2015 9:48 am | by Andy Szal, Digital Reporter | News | Comments

Ahead of this week's income tax filing deadline, the National Association of Manufacturers and...

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Daily industrial news and top headlines for plant and maintenance managers

Report: Nestlé Expected to Sell Frozen Foods Unit

April 14, 2015 2:55 pm | by Andy Szal, Digital Reporter | News | Comments

Swiss multinational Nestlé is reportedly close to an agreement that would sell its Davigel frozen foods unit to Brakes Group.

Skilled Foreign Worker Program Quickly Hits Cap

April 14, 2015 9:43 am | by Andy Szal, Digital Reporter | News | Comments

The U.S. visa program for skilled foreign workers again saw applications exceed its annual quota in less than a week as debate over the H-1B program swirls in Washington.

China's Trade Shrinks in Sign of Economic Weakness

April 13, 2015 9:50 am | by Joe McDonald, The Associated Press | News | Comments

China's trade contracted in March by an unexpectedly wide margin, adding to expectations that Beijing will launch new stimulus to shore up weakening growth in the world's second-largest economy. 

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Treasury Report Knocks European, Asian Nations Over Currency

April 10, 2015 12:16 pm | by Andy Szal, Digital Reporter | News | Comments

A report from the U.S. Treasury Department took several other nations to task Thursday over their monetary policies. 

Commodity Supplies Send Food Prices Sliding

April 7, 2015 10:13 am | by Andy Szal, Digital Reporter | News | Comments

United Nations officials estimated that global food prices are at their lowest levels in nearly five years, and commodities traders believe that trend isn't likely to wane anytime soon. 

China Manufacturing Lowest in Nearly a Year

March 24, 2015 11:03 am | by Kelvin Chan, The Associated Press | News | Comments

China's manufacturing fell to the lowest level in nearly a year as new orders shrank, according to a report Tuesday that underscored the weakening outlook for the world's second biggest economy.

U.S. Drillers Scrambling to Thwart OPEC Threat

March 24, 2015 10:56 am | by Jonathan Fahey, AP Energy Writer | News | Comments

OPEC and lower global oil prices delivered a one-two punch to the drillers in North Dakota and Texas who brought the U.S. one of the biggest booms in the history of the global oil industry. Now they are fighting back.

VW May Replace Toyota as World's Largest Automaker

March 23, 2015 11:06 am | by Kyodo News International | News | Comments

Toyota Motor Corp. said Wednesday it expects global sales of its group to slightly fall in 2015 amid weak demand in emerging economies and Japan, a development that could lead the company to lose the title of the world's biggest automaker to Germany's Volkswagen AG.

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Caterpillar Moving 2 Joliet Production Lines to Mexico

March 23, 2015 10:59 am | by The Associated Press | News | Comments

The latest move is part of a series of cuts at the factory, where 770 workers are currently employed, compared with 7,000 in the late 1970s.

GE Launches Global Research, Technology Innovation and Manufacturing in Saudi Arabia

March 16, 2015 10:15 am | by GE | News | Comments

GE announced $100 million of new programs in Saudi Arabia that will further the company’s localization efforts, build innovation capacity, and create jobs in advanced manufacturing and software analytics.

Southern States Battle for Volvo Plant

March 6, 2015 10:20 am | by Andy Szal, Digital Reporter | News | Comments

South Carolina lawmakers believe their state has the upper hand in the competition to land Volvo's new U.S. manufacturing plant.

China Lowers Growth Target, Promises to Open Industries

March 5, 2015 1:45 pm | by Joe McDonald, The Associated Press | News | Comments

China set a lower economic growth target for this year and promised to open more industries to foreign investors as it tries to make its slowing, state-dominated economy more productive.

Unions Lobby Against Giving Obama Trade Authority

March 5, 2015 1:25 pm | by Andy Szal, Digital Reporter | News | Comments

More than 400 union workers planned to lobby lawmakers Wednesday against giving the Obama administration heightened power to negotiate trade agreements.

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German Factory Orders Down More Than Expected in January

March 5, 2015 10:36 am | by The Associated Press | News | Comments

German factory orders, a key indicator for Europe's biggest economy, dropped much further than expected in January, led by a big drop in demand from other eurozone countries.

Survey Shows Chinese Manufacturing Improving

March 2, 2015 9:46 am | by The Associated Press | News | Comments

China's manufacturing activity improved in February for the first time in four months but export demand weakened, a survey released Monday showed.

Survey: China Factory Activity Up, But Export Orders Drop

February 25, 2015 10:19 am | by Kevin Chan, The Associated Press | News | Comments

China's manufacturing activity edged up to a four-month high in February although export orders decreased for the first time in nearly a year, in the latest sign of uncertainty for the world's No. 2 economy, according to a private survey.

Foreign Holdings of U.S. Treasury Debt Hit Record in December

February 19, 2015 9:45 am | by Martin Crutsinger, The Associated Press | News | Comments

Foreign holdings of U.S. Treasury securities rose to a record level in December despite investors in China and Japan, the two biggest foreign owners of Treasury debt, cutting back on their holdings.

Caterpillar Says U.S. is Investigating its Movement of Cash

February 19, 2015 9:40 am | by The Associated Press | News | Comments

The U.S. government is investigating how Caterpillar has been moving cash between its business units in the U.S. and overseas, the construction equipment company said Wednesday.

U.S. Appeals to Japanese Business to Help Push for Trade Pact

February 13, 2015 2:31 pm | by Elaine Kurtenbach, The Associated Press | News | Comments

Japan and the U.S. are moving closer to reaching agreement on market opening measures needed to conclude a Pacific Rim trade pact, a top U.S. envoy said Friday, urging Japanese business leaders to help bridge the last, difficult disagreements.

China Slowdown Doesn't Scare CAT

February 13, 2015 2:00 pm | by CNN Money | Videos | Comments

Caterpillar CEO Doug Oberhelman says he's actually hoping for a slower economic growth rate in China, and feels his company is well positioned

Retailers Fret as Products Languish on Ships, Docks at Ports

February 13, 2015 10:17 am | by Justin Pritchard, The Associated Press | News | Comments

Stores gearing up for warmer weather are fretting that they won't have some products to sell due to a labor crisis at West Coast seaports.

Communication, Clarity Keys to Chemical Sector Success

February 10, 2015 9:43 am | by Jeff Reinke, Editorial Director, IMPO | Articles | Comments

Henk van der Ven, the vice president of Processes and IT for International Flavors and Fragrances, has been involved in systems analytics for manufacturing for over 20 years and he recently sat down with us and SAP Chemicals conference producer Thomas Martin to discuss some of the most significant trends impacting the marketplace.

MAPI: Is Cuba Open for Business?

February 9, 2015 12:26 pm | by Manufacturers Alliance for Productivity and Innovation (MAPI) | News | Comments

Cuba's Moment, a report from the MAPI Foundation, the research affiliate of the Manufacturers Alliance for Productivity and Innovation, concludes that a strong manufacturing sector is unlikely to develop without aggressive action on a number of fronts, including domestic investment, inward investment, trade, workforce development, and access to capital markets.

Europe's ATR in Focus Again After 2nd Taiwan Air Disaster

February 5, 2015 4:44 pm | by Kelvin Chan, The Associated Press | News | Comments

European aircraft maker ATR is in the spotlight again after the dramatic crash Wednesday of a TransAsia Airways turboprop into a river in Taiwan. It's the second time in seven months that a TransAsia ATR has been involved in a fatal accident.   

U.S. Trade Deficit Jumps 17.1 Percent to $46.6 Billion

February 5, 2015 2:38 pm | by Martin Crutsinger, The Associated Press | News | Comments

The U.S. trade deficit in December jumped to the highest level in more than two years as exports fell and Americans bought a record amount of imports.                             

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