Advertisement
Globalization
Subscribe to Globalization
View Sample

FREE Email Newsletter

Daily industrial news and top headlines for plant and maintenance managers

Cyberattacks A Growing Irritant In U.S.-China Ties

May 8, 2013 2:27 pm | by Christopher Bodeen, Associated Press | News | Comments

A bill introduced in the Senate on Tuesday would require the president to block imports of products using stolen U.S. technology or made by companies implicated in computer theft. Washington's sudden focus on Chinese hacking comes after rising complaints from U.S. businesses about theft of trade secrets.

China Reports Stronger April Trade Growth

May 8, 2013 2:25 pm | by Joe McDonald, AP Business Writer | News | Comments

China reported stronger April trade but analysts said export data were inflated and its shaky recovery might be weaker than it looks. Exports rose 14.7 percent over a year earlier, up from March's 10 percent growth, customs data showed Wednesday. Imports gained 16.8 percent, up from the previous month's 14.1 percent.

GM To Open Cadillac Plant In China

May 8, 2013 10:08 am | by Dee-Ann Durbin, AP Auto Writer | News | Comments

General Motors Co. confirms that it's building a new Cadillac factory in China. GM will start building the $1.3 billion plant next month in Shanghai's Jinqiao zone. It will produce 150,000 vehicles per year. The auto maker recently received regulatory approval for the new plant.

Advertisement

Subaru Invests $400M In Indiana Plant

May 8, 2013 10:05 am | by Yuri Kageyama, AP Business Writer | News | Comments

Subaru said Wednesday it is investing $400 million to expand its Indiana factory and will add 900 workers to build the Impreza small car there in 2016. The plant now employs about 3,600 people and builds the Legacy and Outback cars and the Tribeca SUV. It also builds the Camry midsize car under contract with Toyota Motor Corp., the top shareholder in Subaru with a 16.5 percent stake.

Is The United States Ready To Take Manufacturing Back?

May 8, 2013 8:05 am | by Patrick Van den Bossche, Pramod Gupta, Hector Gutierrez, Chui Lee — A.T. Kearney | Articles | Comments

Word on the street is that substantial portions of previously offshored manufacturing operations are due to return to the United States. A number of macroeconomic factors seem to have tipped the balance in favor of domestic manufacturing.

China's Struggling Automakers Jump On SUV Boom

May 7, 2013 10:09 am | by Joe McDonald, AP Business Writer | News | Comments

BYD is known for electric cars but this year's flagship model is the S7, a gasoline-powered SUV. It comes with an air purifier, radar to help with backing and digital TV. An onboard hard drive can hold 1,000 films. This is China's Year of the SUV. Whatever their specialties used to be, automakers ranging from global brands to China's ambitious rookies are scrambling to cash in on the explosive popularity of sport utility vehicles.

Q&A: Barriers To American Re-shoring

May 7, 2013 8:05 am | by Joel Hans, Managing Editor, Manufacturing.net | Articles | Comments

Over the last few years, there has been an increasing amount of buzz around the concept of “re-shoring,” in which an American company decides it’s more financially viable to bring manufacturing operations back to the U.S. from a foreign land. Generally speaking, company leaders are finding that the “total cost” of producing overseas actually makes outsourcing the worse financial picture.

HK Dockworkers Accept Offer, End 40-Day Strike

May 6, 2013 2:19 pm | by Kelvin Chan, AP Business Writer | News | Comments

Hong Kong dockworkers have accepted a 9.8 percent pay increase, ending a 40-day strike that slowed traffic at one of the world's busiest ports. About 90 percent of the workers voted late Monday in favor of the offer from four middleman contractors that provide staff to a container terminal operator controlled by Hong Kong billionaire Li Ka-shing.

Advertisement

Pressure On Bangladesh, Retailers To Fix Factories

May 6, 2013 2:14 pm | by Farid Hossain, Stephen Wright, Associated Press | News | Comments

In the aftermath of a building collapse that killed more than 530 people, Bangladesh's garment manufacturers may face a choice of reform or perish. The shoddily constructed building's collapse has put a focus on the high human price paid when Bangladeshi government ineptitude, Western consumer apathy and global retailing's drive for the lowest cost of production intersect.

China City Quashes Protest Against Petro Plant

May 6, 2013 10:28 am | by Didi Tang, Associated Press | News | Comments

Residents say they are worried the plant would pollute the air and water, and question why the plant is being built in a region prone to earthquakes. Pengzhou is in the same fault zone as the 2008 Wenchuan quake that left 90,000 people dead or missing, and for an earthquake last month that killed at least 196 people.

Survey: China Manufacturing Growth Is Slowing

May 3, 2013 5:08 pm | by The Associated Press | News | Comments

Chinese manufacturing growth slowed in April as global demand weakened, adding to signs its shaky recovery might be weakening, a survey showed Thursday. HSBC Corp.'s purchasing managers index fell to 50.4 from March's 51.6 on a 100-point scale on which numbers above 50 show an expansion in activity.

U.S. Trade Deficit Falls To $38.8B In March

May 2, 2013 2:11 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

The U.S. trade deficit narrowed in March for a second month as the daily flow of imported crude oil dropped to the lowest level in 17 years. The deficit with China hit a three-year low. The trade deficit decreased to $38.8 billion, an 11 percent drop from February's $43.6 billion, the Commerce Department reported Thursday.

Angry Workers Unite On May Day

May 1, 2013 2:05 pm | by Mehmet Guzel, Suzan Fraser, Associated Press | News | Comments

Workers around the world united in anger during May Day rallies Wednesday — from fury in Europe over years of austerity measures that have cut wages, reduced benefits and eliminated many jobs altogether, to rage in Asia over relentlessly low pay, the rising cost of living and hideous working conditions that have left hundreds dead in recent months alone.

Advertisement

China Automaker To Open CA Electric Bus Plant

May 1, 2013 10:16 am | by John Rogers, Associated Press | News | Comments

A Chinese company whose mantra is Build Your Dreams plans to build all-electric buses in California's Mojave Desert. Lancaster Mayor R. Rex Parris and officials of BYD Automotive scheduled a news conference Wednesday to announce plans to open the first Chinese-owned vehicle manufacturing plant in the United States in the wind-swept high-desert city 60 miles northeast of Los Angeles.

Ford To Enter Myanmar With Showroom By August

April 30, 2013 10:09 am | by Erika Kinetz, Associated Press | News | Comments

Ford Motor Co. announced its entry into Myanmar on Tuesday, saying it plans to open the nation's first sales and service showroom for new vehicles by August. Myanmar's vehicle market has been stunted by decades of international sanctions and strict import controls put in place by the military junta that ruled for nearly 50 years, handing out import licenses to a few favored tycoons.

Japan Manufacturing, Hiring Rise In March

April 30, 2013 10:08 am | by Elaine Kurtenbach, AP Business Writer | News | Comments

Japan manufacturing and employment showed slight improvements in March, buttressing hopes that the economy may be headed for a moderate recovery. Factory output rose 0.2 percent, the Ministry of Economy, Trade and Industry said Tuesday, in the fourth straight monthly increase. It pointed to strength in chemicals, electrical components, telecommunications equipment and steam turbines.

Yokohama: Tire Demand Calls For U.S. Plant

April 30, 2013 10:06 am | by The Associated Press | News | Comments

Executives with Yokohama Rubber Co. Ltd. say they will build a new tire plant in Mississippi because they see a global supply shortage for tires. The company plans to invest $300 million, hiring 500 people, in a first phase, and could invest $1.2 billion, hiring 2,000 people, over time. State and local governments could give more than $340 million in aid and tax breaks.

Intelligrated Hires Vice President Of International Division

April 29, 2013 2:52 pm | by Intelligrated® | News | Comments

Intelligrated®, a leading North American-based automated material handling solutions provider, today announces the appointment of Bob Wilson to the position of vice president, international division, Intelligrated. Based in Mason, Ohio, Wilson will oversee international sales and operations.

Fiat Reports Q1 Loss As Sales Slip

April 29, 2013 2:23 pm | by Colleen Barry, AP Business Writer | News | Comments

Weak sales in Europe and lower profits at U.S. partner Chrysler pushed Italian carmaker Fiat to a loss in the first quarter. Fiat SpA on Monday said it lost 83 million euros ($108 million) during the first three months of the year, compared with a restated first-quarter profit of 35 million euros in the same period of 2012.

Hurdles To Talks High After N. Korea Threats

April 29, 2013 10:19 am | by Eric Talmadge, Associated Press | News | Comments

After weeks of fiery rhetoric, military posturing and threats that it's willing to strike back hard if provoked, North Korea appears to be taking a bit of a breather. The U.S.-South Korea war games it despises are winding down, and feelers are out in diplomatic circles that it might be best to open up some avenue for dialogue.

Chrysler Profit Falls 65 Percent On Lower Shipments

April 29, 2013 10:13 am | by Tom Krisher, AP Auto Writer | News | Comments

Chrysler's first-quarter profit tumbled 65 percent as shipments of cars and trucks fell while it prepared to launch several key new vehicles. The Auburn Hills, Michigan, company said Monday that it earned $166 million in the January-March quarter, compared with $473 million a year ago. Revenue fell 6 percent to $15.4 billion.

S. Korea To Withdraw Workers At N. Korea Factory

April 26, 2013 10:20 am | by Sam Kim, Associated Press | News | Comments

Seoul said Friday that it has decided to withdraw the roughly 175 South Koreans still at a jointly run factory complex in North Korea, raising a major question about the survival of the last symbol of inter-Korean cooperation. The statement by the country's minister in charge of inter-Korean relations came after North Korea rejected Seoul's demand for talks on the factory park that has been closed nearly a month.

Outokumpu To Cut 2,500 Jobs

April 25, 2013 2:13 pm | by The Associated Press | News | Comments

Finnish metals group Outokumpu Oyj says it will slash 2,500 jobs worldwide in the next four years to cut costs by 350 million euros ($455 million) and improve profitability as stainless steel demand continues to fall. The world's leading stainless steel maker says about a third of the job cuts will be applied this year, mostly in Germany, Sweden and Finland, in line with production capacity reductions and streamlining.

European Recession Hits Major Car Makers

April 24, 2013 2:00 pm | by David McHugh, AP Business Writer | News | Comments

Europe's stubborn recession cut deeply into profits at major automakers Ford, Volkswagen and Daimler, first-quarter results showed Wednesday as the industry began reporting earnings. Germany's Volkswagen AG said its first-quarter net profit fell 38 percent to 1.95 billion euros ($2.5 billion), while Daimler AG's was down 60 percent at 564 million euros.

Toyota: Top Selling Automaker Despite China Fall

April 24, 2013 10:11 am | by Yuri Kageyama, AP Business Writer | News | Comments

Toyota held onto its status as the world's top-selling automaker in the first quarter of this year, although the three-way race with General Motors and Volkswagen is proving tight, as its sales fall in China and Japan. Toyota Motor Corp. reported Wednesday it sold 2.43 million vehicles during the January-March period.

X
You may login with either your assigned username or your e-mail address.
The password field is case sensitive.
Loading