Advertisement
Globalization
Subscribe to Globalization
View Sample

FREE Email Newsletter

Daily industrial news and top headlines for plant and maintenance managers

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.                 

Advertisement

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.

French Leader To CEOs: Invest More To Get Tax Cut

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

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.

UN: More Than 200M Jobless Last Year

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

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.

14 Companies Bid To Destroy Syria Chemicals

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

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.

Advertisement

ABInBev Repurchases Oriental Breweries

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

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.

Life Sentence For China Dumpling Poisoner

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

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.       

Malaysia Eases Auto Curbs To Woo Foreign Carmakers

January 20, 2014 10:35 am | by Eileen Ng, Associated Press | News | Comments

Malaysia unveiled a new auto policy Monday, offering incentives and easing curbs on the production of small, energy-efficient cars to vie for investment with neighboring rivals Thailand and Indonesia.               

Panasonic To Sell 3 Overseas Chip Assembly Plants

January 17, 2014 9:57 am | by The Associated Press | News | Comments

The move is part of efforts by the Japanese electronics manufacturer to accelerate outsourcing of its slumping semiconductor manufacturing operation. Last month, the company said it will sell off three of its semiconductor plants in central Japan to an Israeli chipmaker.

PwC 2014 Manufacturing Trends Predictions

January 17, 2014 9:04 am | by Tia Nowack, Associate Editor, IMPO | Articles | Comments

Every January, companies make predictions about the year ahead and what trends they should expect. Bobby Bono, the U.S. industrial manufacturing leader at PwC, has assembled a list of trends he is predicting for the manufacturing sector moving forward.

Advertisement

European Car Market Endures Longest Slump Ever

January 16, 2014 9:55 am | by Colleen Barry, Associated Press | News | Comments

The European car market has endured its longest slump ever with a sixth straight year of contraction in 2013, but an unexpected surge in December sales may signal recovery, according to industry data released Thursday.         

China Reduces Solar Power Costs With Large-Scale Manufacturing

January 16, 2014 9:27 am | Videos | Comments

Over the past decade, China has become the world's leading manufacturer of solar energy technologies. China's solar manufacturers have helped drive down the cost of solar panels by using large-scale production practices, spurring the European Union to set a minimum price for Chinese solar panels sold in Europe. 

Ford's European Sales Down In 2013

January 15, 2014 10:03 am | by The Associated Press | News | Comments

Ford's money-losing European business saw sales fall 2.1 percent last year in a tough market where unemployment and a slow recovery are holding back buyers. The Dearborn, Michigan-based automaker sold 1.08 million cars in 19 European countries, as sales slipped for two of the company's mainstay models, the small Fiesta hatchback and compact Focus.

Accelerating Operational Excellence: Q&A With LNS’s Mark Davidson

January 15, 2014 9:30 am | by Greg Goodwin, Research Associate, LNS Research | Articles | Comments

When you consider some of the challenges that manufacturers face across industries today — they’re unprecedented. The pressures of global supply and demand dynamics, supply chain complexities, disparate production locations and systems, regulations, and other factors have forced manufacturers to reevaluate operations and optimize them everywhere possible in order to remain competitive and profitable.

U.S. Import Prices Drop, Export Prices Rise In December

January 14, 2014 2:02 pm | by Bureau of Labor Statistics | News | Comments

U.S. import prices recorded no change in December, the U.S. Bureau of Labor Statistics reported today, following declines of 0.9 percent in November and 0.6 percent in October. In December, higher fuel prices offset declining nonfuel prices. U.S. export prices advanced 0.4 percent in December, after edging up 0.1 percent the previous month.

GM Global Sales Hit 9.7M Last Year, Beats VW

January 14, 2014 1:54 pm | by The Associated Press | News | Comments

General Motors sold 9.71 million cars and trucks last year, probably not enough to beat out Toyota for the global sales crown, but about 2 million better than Volkswagen. Toyota, the sales champion in 2012, will report its sales next week. It only needs to show a little growth to beat GM again.

U.S. Challenges China Over High-Tech Steel Imports

January 14, 2014 9:56 am | by Matthew Pennington, Associated Press | News | Comments

The U.S. is accusing China of failing to comply with a World Trade Organization ruling against China's imposition of duties on high-tech American steel. Washington says the duties caused a $250 million annual drop in exports. The ruling concerns grain oriented flat-rolled electrical steel that is used primarily by the power generating industry.

Bourbon Truly American, Despite Foreign Ties

January 14, 2014 9:47 am | by Bruce Schreiner, Associated Press | News | Comments

The planned $13.62 billion acquisition of the owner of Jim Beam and Maker's Mark by a Japanese company adds two more classic brands to the lineup of bourbon staples tied to foreign-based parent companies. Wild Turkey and Four Roses are other historic brands with foreign ownership connections.

Lexus Makes Kentucky Home To New U.S.-Made Lexus

January 13, 2014 1:48 pm | by Industrial Maintenance and Plant Operation | News | Comments

Toyota Motor Manufacturing, Kentucky, Inc. (TMMK) recently announced that construction is underway at the assembly line that will produce the first U.S.-made Lexus. Last April, TMMK announced it would localize production of the ES 350, which has never been assembled outside of Japan.

Philip Morris Int'l Building Facility In Italy

January 10, 2014 2:08 pm | by Michael Felberbaum, AP Tobacco Writer | News | Comments

Overseas Marlboro maker Philip Morris International Inc. says it's investing up to 500 million euros (about $680 million) for a manufacturing facility and pilot plant in Italy to make new tobacco products.The company said Friday the facilities near Bologna will produce its so-called "reduced-risk" tobacco products.

China's December Exports Slow, Imports Accelerate

January 10, 2014 10:04 am | by Joe McDonald, AP Business Writer | News | Comments

China's export growth slowed in December while imports accelerated, possibly helping to temper fears of a slowdown in the world's second-largest economy. Exports rose 4.3 percent to $207.7 billion, slowing from November's 12.7 percent expansion, trade data showed Friday.

Is Chrysler An ‘American’ Automaker Any More?

January 10, 2014 8:53 am | by Joel Hans, Managing Editor, Manufacturing.net | Articles | Comments

Chrysler has technically been “foreign-owned” since July 2011, but the recent deal makes it all the more real: Chrysler might be an American-headquartered company, but it’s also a fully-owned subsidiary of an Italian company. That’s an important distinction, one that means Chrysler simply isn’t in the same playing field as Ford and GM, no matter each of their origins.

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