On the heels of a profitable third quarter, Chrysler Group said it will proceed with a public offering of shares before the end of this year.
Accenture has today announced its intent to acquire PCO Innovation, a systems integration group that specializes in product lifecycle management (PLM) technology. Terms of the agreement were not immediately announced, nor were details as to how the companies will integrate services, facilities and labor forces.
Watch manufacturer Shinola is investing in Detroit by hiring and training local workers. CEO Steve Bock hopes to help bring back American manufacturing by investing in what was once America's manufacturing powerhouse.
Anheuser-Busch InBev and the Teamsters union are about to begin contract talks for the first time since the Belgian brewer InBev purchased the maker of Budweiser, Bud Light and other beers five years ago.
It looked like things were really starting to heat up for this little Southern California factory town when the maker of the Sriracha chili sauce known the world over decided to open a sprawling 650,000-square-foot factory within its borders.
Manufacturers are seeing the need, as well as the potential business value, from turning outdated manufacturing processes into a cyclical process where products get reused, rather than dumped into already-overflowing landfills.
As jet engine manufacturer Pratt & Whitney and the Machinists Union begin negotiations on Thursday for a new contract governing pay, benefits, work rules and other conditions, the top issue will be jobs.
MSC Industrial Supply Co. has added more than 3,000 personal protective equipment (PPE) and facility safety products to its safety portfolio.
Most food and beverage manufacturers are familiar with equipment leasing and financing, but they may not know the kinds of specific information they need to make the best financing decisions for their investments in equipment or software.
$90,844,000. That’s the total value of the federal Research and Development Tax Credit awarded to food manufacturers in 2010. Are you missing out on some dough? Many food manufacturers don’t know about this valuable credit or don’t recognize that the activities they perform within their plant are eligible for the savings.
It’s an energy evolution — fueled by the confluence of Industrial Internet Protocol (Industrial IP), EtherNet/IP communications and energy management applications in industrial plants. Industrial plants’ energy partners — their power suppliers — will play a central role in this progression, working to advance plants’ energy efficiency goals.
The rise in energy prices is an unwelcome reality in today’s manufacturing and business environment. While the rate of price increases for natural gas, heating oil, and other sources may vary from year to year, the upward trajectory is clear. Energy cost reduction strategies are vital to staying competitive.
Representatives of a car parts manufacturing company say they've remedied several issues and have increased training after receiving the most federal safety violations in Georgia.
Private equity firm Cerberus is interested in taking a look at BlackBerry's books as a prelude to a possible bid for the troubled smartphone company. Cerberus is looking to sign a confidentiality agreement with BlackBerry that would allow it to access the company's private information, an official familiar with the situation said Wednesday on condition of anonymity.
Smartphone maker BlackBerry (TSX:BB) says its latest device will arrive in Canada later this month, but it won't have the support of one of the country's largest carriers. Rogers Communications (TSX:RCI.B) has decided not to stock the new device, after a longtime relationship with BlackBerry on all of its major products.
Successful metal fabrication companies are always on a mission to improve their lead times to cut down on operating costs and to increase customer satisfaction. Many managers may try to analyze what the company does or doesn’t need, or which of the available suppliers might be cheaper and/or faster, yet provide them with their company’s specific needs without sacrificing quality in their products.
By implementing a Product Lifecycle Management system, companies benefit by simplifying each phase of the product development process. Due to their focus on product engineering, discrete manufacturers in the small-to-medium sized space typically adopt a PLM system to support best in class engineering processes and to address challenges with continual new product introductions, shorter product lifecycles and shrinking profit margins.
The owner of a New Hampshire gunpowder plant where two workers were killed in a May 2010 explosion was motivated by profit and greed and did not take adequate precautions to ensure employee safety, a prosecutor said in his opening argument as the trial began Monday for the Vermont man authorities blame for the fatal blast.
The owner of a New Hampshire gun powder plant where two workers died in a 2010 explosion will argue in court that he cannot be guilty of manslaughter and negligent homicide because he was at a gun show in North Carolina when the fatal explosion occurred. The trial of 64-year-old Craig Sanborn, of Maidstone, Vt., starts Monday in Coos Superior Court in Lancaster.
The U.S. government is starting another phase of selling off its General Motors stock after cutting its stake in the automaker to just over 7 percent. The Treasury Department says it still owns 101.3 million GM shares. It got 912 million shares, a 60.8 percent stake in the company, in exchange for a $49.5 billion bailout of GM in 2009.
The amount of vacant space in northwestern Indiana warehouses, factories and business parks has sunk to the lowest level in more than two decades. The region's industrial vacancy rate has fallen to 7.24 percent, one of the lowest rates that market has seen, according to a commercial real estate organization. The rate has been steadily dropping from its peak of 12.1 percent at the end of 2009.
Illinois Tool Works will attempt to sell its industrial packaging business by the middle of next year. The company had said in February that it was reviewing its options for the business, which had revenue last year of $2.4 billion. The decision to sell was based on the "underlying value of the business, the level of preliminary interest from potential buyers and a favorable debt market," the company said Tuesday.
Chrysler Group is reluctantly preparing for an initial public offering of some of its shares. The automaker is proceeding with the IPO after it failed to reach an agreement on the value of the stock with the retiree trust that owns it. Chrysler shares haven't been publicly traded since 1998, when the company merged with Daimler AG.
BlackBerry has agreed to sell itself for $4.7 billion to a group led by largest shareholder, Fairfax Financial Holdings Ltd. BlackBerry said Monday that a letter of intent has been signed and its shareholders will receive $9 in cash for each share.
Hartzell Air Movement is pleased to announce that Neil Cordonnier has joined as Vice President of Operations. He will be focused on improvements in the operation using Six Sigma, lean techniques, and other process improvements. Prior to joining Hartzell, Neil worked as President of Ernst Metal Technologies.