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Daily industrial news and top headlines for plant and maintenance managers

Groups: Meat Labeling Rules Could Start Trade War

February 4, 2014 9:56 am | by Dirk Lammers, Associated Press | News | Comments

Previous labeling rules required only the country of origin to be noted, such as "Product of U.S." or "Product of U.S. and Canada." New rules require that labels for steaks, ribs, and other cuts of meat include clear information about where the animals were born, raised, and slaughtered.

U.S. Stocks Slide On Manufacturing Data

February 3, 2014 1:49 pm | by Alex Veiga, AP Business Writer | News | Comments

U.S. stocks fell sharply in afternoon trading Monday, pushing down the Dow Jones industrial average more than 260 points as investors worried about reports of sluggish growth in the U.S. economy. The decline adds to losses racked up by the market in January.

GM's Opel Extends No-Layoff Deal At German Plants

February 3, 2014 9:49 am | by The Associated Press | News | Comments

Saturday's announcement comes days after new GM chief executive Mary Barra visited Opel's headquarters in Ruesselsheim and said the company's plant there will get the job of building a new vehicle. She reiterated a commitment to turn around the unit after years of losses.

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March In Spain To Protest Coca-Cola Plant Closures

February 3, 2014 9:44 am | by The Associated Press | News | Comments

Several thousand people have marched from a Coca-Cola bottling plant in a southwestern suburb to downtown Madrid to protest the company's plan to close four plants in Spain and lay off workers.                 

Global Watchdog Says Indian Cars Fail Safety Test

January 31, 2014 2:14 pm | by Katy Daigle, Associated Press | News | Comments

The results are an indictment of the auto industry in India, which lacks adequate safety standards, said David Ward, head of the London car-safety watchdog Global NCAP, which performed the crash tests. India has some of the deadliest roads in the world.

Honda's 3Q Profit Doubles, Sales Get Weak Yen Boost

January 31, 2014 9:56 am | by Yuri Kageyama, AP Business Writer | News | Comments

Honda Motor Co. reported on Friday a 160.7 billion yen ($1.58 billion) net profit for the October-December fiscal third quarter, up from 77.4 billion yen the year before.                       

Abbott To Close Puerto Rico Manufacturing Plant

January 31, 2014 9:30 am | by Danica Coto, Associated Press | News | Comments

Abbott Laboratories is closing one of its manufacturing plants in the Puerto Rico town of Barceloneta next year, delivering another blow to the U.S. territory's once-thriving pharmaceutical sector, officials said Thursday.         

2014 UK Automotive Production Looks Bright

January 30, 2014 9:27 am | by SMMT | Videos | Comments

Society of Motor Manufacturers and Traders Chief Executive, Mike Hawes, discusses UK car, commercial vehicle, and engine manufacturing performance in 2013. Ford of Britain Managing Director, Mark Ovenden, and other automotive executives also give insights into the year's performance and their expectations for 2014.

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Dutch Find More Horsemeat In Beef Products

January 29, 2014 2:04 pm | by The Associated Press | News | Comments

The Dutch Foods and Wares Authority says it has "preventatively" blocked all shipments from a Dutch slaughterhouse after investigators found horsemeat in four shipments that were labeled as beef products.             

AAM On SOTU: Rosy Picture, Slow Progress On Manufacturing

January 29, 2014 10:16 am | by The Alliance For American Manufacturing (AAM) | News | Comments

"This is the third consecutive State of the Union in which there has been a strong rhetorical focus on manufacturing, and that’s welcome. But the progress, despite the rosy picture painted by the President, has been painfully slow. And in some cases, such as the trade deficit with China, we’ve seen backsliding."

Chrysler, Fiat Move Forward As Single Company With New Name

January 29, 2014 9:49 am | by Tom Krisher, AP Auto Writer | News | Comments

Fiat's board of directors agreed on the name Fiat Chrysler Automobiles NV, with headquarters for tax purposes in the United Kingdom. But the board sidestepped the thorny political issue of whether the true headquarters would be in the United States or Italy.

India Lifts Ban On World's Largest Passenger Plane

January 28, 2014 10:04 am | by The Associated Press | News | Comments

Despite ever-growing passenger numbers, India restricted Airbus A380 flights in 2008 in an effort to help struggling domestic carriers cope with global competition. Aviation Minister Ajit Singh said that lifting the restrictions would help bring more revenue to airports and boost India's international reputation as a flight destination.

Suicide Suspected In Death Of Bangladesh Survivor

January 28, 2014 10:01 am | by Julhas Alam, Associated Press | News | Comments

A 27-year-old seamstress who was among those pulled alive last year from the rubble of a horrific Bangladesh factory collapse has died, officials said Monday. Police are investigating the case as a possible suicide. Salma was rescued several days after the illegally constructed, eight-story Rana Plaza collapsed, killing 1,129 people.

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Bombardier Close To Russian Production Deal

January 27, 2014 1:21 pm | by Ross Marowits, The Canadian Press | News | Comments

A deal to establish a joint venture with state corporation Rostec could lead to some 100 turboprops, valued at US$3.4 billion at list prices, being built for the Russian market. The deal, which local media in Russia says will see production start this year, flows from a series of preliminary agreements signed last August.

Auto Makers Turn To India For Sourcing Engines

January 27, 2014 12:25 pm | by The Association for Manufacturing Technology | News | Comments

Ford Motor Co, which exports its Figo small car and EcoSport compact sport-utility vehicle from India, plans to source a new generation of small-capacity petrol engines, called Dragon, from its local unit.             

German TV: Snowden Says NSA Also Spies On Industry

January 27, 2014 9:17 am | by Kirsten Grieshaber, Associated Press | News | Comments

In the interview aired Sunday night on German public television broadcaster ARD, Snowden said if German engineering company Siemens had information that would benefit the U.S., but had nothing to do with national security needs, the National Security Agency would still use it.

Engineering Services Market Heading Abroad

January 27, 2014 8:53 am | by Tia Nowack, Associate Editor, IMPO | Articles | Comments

Previously, IMPO has covered the reshoring and nearshoring trends that are bringing jobs back to the U.S. and bordering countries. These trends are prevalent in the manufacturing production sector, as companies are finding the increasing costs of doing business abroad a deterrent to outsourcing. But according to the Information Services Group (ISG), this trend is not the same for engineering services.

Fear Of Slowing Growth Pushes Down Global Economy

January 24, 2014 1:40 pm | by Joshua Freed, AP Business Writer | News | Comments

The downturn began Thursday following signs that manufacturing was contracting in China, a major importer of raw materials and a key driver of global economic growth. The values of currencies in several emerging markets have dropped.     

Bono, Cameron Talk Poverty, Climate At AP Debate

January 24, 2014 1:36 pm | by The Associated Press | News | Comments

British Prime Minister David Cameron says efforts to eradicate poverty must go hand-in-hand with curbing global warming. The comments came Friday at an Associated Press debate looking ahead to the expiration of the United Nations' "millennium goals."

Pepsico, Nestle To Boost Mexico Investments

January 24, 2014 9:22 am | by The Associated Press | News | Comments

PepsiCo said it plans to invest $5 billion in the country over the next five years, with the funds going toward efforts such as the expansion of its production lines and delivery infrastructure, and the strengthening of research and development capabilities.

Manufacturing Outlook For Domestic And World Economy Improves

January 23, 2014 1:35 pm | by PwC US | News | Comments

With expectations that economic growth will continue in 2014, U.S. industrial manufacturers expressed optimism about the U.S. economy, and more importantly, toward the broader world economy, which has reached the highest level since the fourth quarter of 2010, according to the Q4 2013 Manufacturing Barometer, released today by PwC US. 

China Factory Index: 1st Contraction In 6 Months

January 23, 2014 9:55 am | by The Associated Press | News | Comments

Chinese manufacturing looks set to contract in January for the first time in six months, according to an survey released Thursday, further evidence of a slowdown that complicates reform efforts in the world's No. 2 economy.        

Survey: CEOs More Confident On Global Economy

January 22, 2014 2:03 pm | by John Heilprin and Pan Pylas, Associated Press | News | Comments

With the worst of the global financial crisis behind them, CEOs are ready to move on from the fight for survival their businesses have been in for the past few years, a survey found Tuesday.                 

China Seized 60,000 Piracy Suspects Last Year

January 21, 2014 1:24 pm | by The Associated Press | News | Comments

Chinese state media say police seized almost 60,000 suspects involved in intellectual property infringement cases with a total estimated value of $28 billion in 2013. The official Xinhua News Agency says more than 90 million tons of counterfeit and substandard goods were confiscated last year, and more than 1,000 criminal networks smashed.

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

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

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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