Fossil fuels are still the number one energy source. Andy Serwer, managing editor for Fortune asks GE what that means for the company today, as well as five years from now. At the Fortune Global Forum in Chengdu, China, GE CEO Jeffrey Immelt says that future energy development will be focused in China.
SDI Intelligrated, a joint venture in São Paulo, Brazil between Intelligrated® and SDI Group USA, announces that it will host three interns from Brazil in the U.S. this summer as part of a scholarship program sponsored by the Brazilian government for the country’s top students. The interns will be hosted in St. Louis and gain experience in engineering.
Danish toymaker Lego says it will expand a factory in the Czech Republic and create some 800 jobs to meet growing regional demand for its popular building blocks. Carsten Rasmussen of Lego's European packing division did not reveal the size of the investment except to say it was "a large two-digit million euro figure."
The top official with the European Union's executive arm says a free trade deal with the United States would be a "game-changer" for the global economy. European Commission President Jose Manuel Barroso made the statement Monday ahead of a formal launch of the trade effort at the Group of Eight Summit in Northern Ireland.
Bio-Chem Fluidics' new Vice President of Operations, Joe Turiello, says that the United States on the whole seems way too willing to give up its manufacturing capabilities for short term profits. PD&D caught up with Turiello to talk to him about his new position, the future of Bio-Chem, and his thoughts on the industry.
The concept of “everyone should go to college” is finally being questioned, which I think is long overdue. In fact, the U.S. Labor Department says that most jobs (69 percent in 2010) don’t require a post high school degree.To get an idea of what the economy is going to offer in the next ten years, look for the Labor Department chart titled “Occupations with the largest job growth, 2010 and projected 2020.”
Global manufacturers are putting their supply chains at the center of their business strategies to serve as the foundation for operational efficiency and collaborative innovation, according to KPMG’s 4th annual Global Manufacturing Outlook: Competitive Advantage – Enhancing Supply Chain Networks for Efficiency and Innovation, which surveyed 335 C-level executives globally, including 95 in the U.S.
Many don’t think of Toshiba as an American-made brand, especially when it comes to the U.S. automotive market. And for quite some time, that was true. Since 2003, Toshiba had manufactured HEV motors for Ford Motor Company at its Japan facility. But in 2011, under the weight of supply chain pressures and growing currency risks, Toshiba Industrial Corporation began manufacturing motors for Ford’s hybrid vehicles in Houston, TX.
Several hundred garment workers were sickened at their factory outside Bangladesh's capital on Sunday, apparently after drinking water there. Police official Mohammad Jahid said many of the workers were treated at various hospitals after the incident at East West Factory in Gazipur district.
Airbus and Boeing both won pledges for big purchases of long-haul, wide-body jets Monday, as the Paris Air Show got off to a robust if rainy start. The global aviation event at Le Bourget airfield north of Paris is once again showcasing the rivalry between U.S.-based Boeing and French-based Airbus.
Although the company operates a diverse collection of business units in 190 countries, German-based Siemens also employs more than 60,000 people in 130 U.S. manufacturing facilities. So with this in mind, we recently sat down with Helmuth Ludwig, the CEO of Siemens’ Industry Sector in North America.
A year after President Barack Obama made an emphatic pitch to Europe's economic powers to focus more on economic growth than austerity, much of the eurozone remains mired in or near recession. Obama's appeals have had mixed results in softening the demands on some of the most debt-ridden European nations to cut their spending.
Bangladeshi garment factories are routinely built without consulting engineers. Many are located in commercial or residential buildings not designed to withstand the stress of heavy manufacturing. Some add illegal extra floors atop support columns too weak to hold them, according to a survey of scores of factories by an engineering university that was shown to The Associated Press.
Japanese automakers Nissan and Mitsubishi are joining forces to grab a bigger share of the country's lucrative market for tiny cars, now dominated by their three rivals. The new model, sold as Dayz for Nissan Motor Co. and eK Wagon for Mitsubishi Motors Corp., marks the first time Nissan has been involved from start to finish in the development of a minicar, or "kei," which means "light" in Japanese.
A tire maker whose main market is in India is buying Ohio's Cooper Tire & Rubber Co. for $2.2 billion and making a commitment to maintain the company's three U.S. manufacturing plants and retain its management operation in Ohio, Cooper's chief executive said Wednesday.
General Motors Co.'s European Opel unit says it will start assembling cars for Russia and other eastern markets in Belarus next year. Germany-based Opel said GM signed an agreement Thursday to start building its Corsa model at facilities owned by partner Unison in Belarus. The cars will be sold in Russia, Kazakhstan and Belarus.
Renault hopes its eye-catching all-electric concept car, Twin'Z, can help persuade drivers who refuse to embrace alternative fuel technology to change their minds. Like other all electric vehicles, the Twin'Z is limited in its power and range so the French auto maker is focusing instead on sheer visual pizzazz to reel in the skeptics.
Attention shoppers: Southeast Asia is the emerging hotspot for apparel manufacturing, with cost and safety concerns driving global brands to shift sourcing from stalwarts China and Bangladesh. Today, countries including Vietnam, Cambodia, and Indonesia are making clothing for some big brands.
A successful weekend summit between U.S. President Barack Obama and Chinese President Xi Jinping points to the countries boosting cooperation on issues from North Korea to China's alleged cyber theft, says one Chinese academic. U.S. officials now say that China is ready to begin working more closely with the U.S. on these big issues.
Boeing predicted that the number of commercial aircraft in operation globally will double in the next two decades, with the bulk of some 35,000 new planes going to Asia, an executive from the US airplane-maker said Tuesday. Randy Tinseth, vice-president of marketing for Boeing Co., said rising oil prices are forcing carriers to think harder about efficiency, and that means smaller planes that burn less fuel.
The world's energy-related carbon dioxide emissions rose 1.4 percent in 2012 to a record high of 31.6 billion tons, even though the U.S. posted its lowest emissions since the mid-1990s, the International Energy Agency said Monday. In its annual World Energy Outlook report, the Paris-based IEA said top carbon polluter China had the largest emissions growth last year, up 300 million tons, or 3.8 percent, from 2011.
Bangladesh has suspended seven inspectors it accuses of negligence for renewing the licenses of garment factories in a building that collapsed in April, killing more than 1,100 people, a top Labor Ministry official said Monday. The official, Mikail Shipar, said a ministry investigation found that the inspectors never even visited the five factories housed in the shabbily built eight-story Rana Plaza building.
European Union Trade Commissioner Karel De Gucht speaks about the European Commission's new tax on Chinese solar panel manufacturers and the possibility of a trade war. De Gucht talks about what this means for trade between China and the European Union.
A U.S. trade agency on Tuesday issued a ban on imports of Apple's iPhone 4 and a variant of the iPad 2 after finding the devices violate a patent held by South Korean rival Samsung Electronics. Because the devices are assembled in China, the import ban would end Apple's ability to sell them in the U.S.
Several economic figures for the 17 EU countries that use the euro all showed the same thing Wednesday — there's no sign of a recovery from recession. Eurostat, the European Union's statistics office, confirmed that the eurozone's economy as a whole shrank 0.2 percent in the first quarter of the year from the previous three-month period, with most sectors declining.