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Daily industrial news and top headlines for plant and maintenance managers

MSC Completes Acquisition Of Barnes Group

April 22, 2013 2:15 pm | by The Associated Press | News | Comments

MSC Industrial Direct Co. Inc. said Monday that it has completed its $550 million acquisition of the North American distribution business of Barnes Group Inc. MSC, which is based in Melville, N.Y., is a major distributor of metalworking and maintenance supplies to industrial customers. The company said the deal expands its service and product offerings for customers and establishes a significant presence in the Canadian market.

Toyota To Build Lexus ES 350 At KY Plant

April 19, 2013 10:19 am | by Toyota | News | Comments

For the first time, a Lexus vehicle will be produced in the United States. The Lexus ES 350 will be assembled at Toyota Motor Manufacturing, Kentucky in 2015, Toyota announced today. The move will generate 750 new jobs. To support the new dedicated assembly line, Toyota will invest $360 million in the Georgetown plant.

PA Governor Winds Up South America Trade Mission

April 17, 2013 1:58 pm | by The Associated Press | News | Comments

Pennsylvania Gov. Tom Corbett was headed home Tuesday from a 10-day trade mission to South America with high hopes for the future but few concrete accomplishments to talk about. In a teleconference with Pennsylvania reporters, Corbett described a whirlwind schedule of meetings and events in Sao Paulo and Rio de Janeiro, Brazil, and Santiago, Chile.


Coca-Cola's Independent Bottlers See Shifting Role

April 17, 2013 10:01 am | by Candice Choi, AP Food Industry Writer | News | Comments

Coca-Cola has struck preliminary deals to begin handing back more of its U.S. distribution network to independent bottlers, a move that's expected to improve profit margins in its flagship market. The world's biggest beverage maker had purchased its biggest North American bottler in 2010 to make it easier to introduce new products and clean up a messy patchwork of factories.

Amid Investigation, Coal Exports At Record Levels

April 15, 2013 9:35 am | by Matthew Brown, Associated Press | News | Comments

From the time coal is scooped from the depths of the Spring Creek strip mine in Montana's wide-open Powder River Basin until it travels more than 6,000 miles across the Pacific Ocean to power plants in South Korea, the price can increase more than fivefold.

Business As Usual For South Korean Tech Giants

April 12, 2013 4:03 pm | by ReutersTV | Videos | Comments

While the world waits for the next big provocation from North Korean leader Kim Jung-Un, across the de-militarized border to the South, it's business as usual. Even if rising threats from North Korea were to disrupt production for Samsung or LG in the South, it would have limited impact on the global supply chain. Reuters' Jon Gordon explains why.

U.S. Approves Japan Entry Into TPP Trade Talks

April 12, 2013 3:30 pm | by Matthew Pennington, Associated Press | News | Comments

The United States on Friday approved Japan's entry into negotiations on the Trans-Pacific Partnership, a critical step for Tokyo's inclusion in a regional trade pact that underpins the Obama administration's efforts to boost exports to Asia.

U.S. Is Halfway To Obama's Export-Doubling Goal

April 4, 2013 2:20 pm | by Tom Raum, Associated Press | News | Comments

Suddenly outsourcing is on the way out and insourcing on the way in as the U.S. trudges unevenly toward President Barack Obama's goal of doubling American exports around the world by the start of 2015. So far, export levels are about halfway to his mark.


HK Dockworkers Refuse To Back Down In Port Strike

April 3, 2013 10:14 am | by Kelvin Chan, AP Business Writer | News | Comments

Striking Hong Kong dockworkers refused to back down Wednesday in a weeklong pay dispute that is slowing cargo shipments at the world's third busiest port. Several hundred dockworkers and supporters camped out on the road in front of a container terminal. The workers are demanding a 20 percent pay rise but subcontractors supplying labor to port operators are only offering 5 percent.

Replenishing The “Brain Drain”

March 27, 2013 8:02 am | by Paul Michalicka, SKF USA Inc. | Blogs | Comments

It is a phenomenon that is referred to with a catchy rhyme:  “the brain drain.”  Older workers are leaving companies, taking their experience and knowledge with them.  And, for various reasons, the reservoir is not being refilled at the same rate.  Knowledge leaves, and the tank threatens to go dry.

InfinityQS’ Doug Fair To Speak At 2013 ASQ World Conference

March 20, 2013 12:08 pm | News | Comments

Fair’s presentation, “Embrace Change to Optimize the Global Supply Chain,” will take place on Tuesday, May 7, from 9:15-10:15 a.m. and will emphasize the importance of end-to-end supply chain visibility in remaining competitive amidst the evolving global quality landscape.

Great Northern: Boxing Out The Competition

March 20, 2013 9:00 am | Articles | Comments

In 2007, with the intention of growing the company’s sales channel and increasing revenue through acquisition of new customers, Bill Calengor, Vice President of Great Northern Corporation (Creative Carton at the time) set out to expand on its traditional business model and bring its corrugated box business online under a new brand.

Meggitt Sensing Systems Adds New Sales Channel For Illinois, Kentucky

March 19, 2013 2:50 pm | News | Comments

Meggitt, manufacturer of accelerometers and vibration sensing products, has added a new reseller for Kentucky and Illinois. Heartland Industrial Solutions LLC will promote and sell Meggitt’s Wilcoxon Research® line of vibration monitoring sensors and accessories in the Midwest region.


Judge Approves Twinkies Sale

March 19, 2013 1:57 pm | by Candice Choi, AP Food Industry Writer | News | Comments

A bankruptcy judge has approved the sale of Twinkies to a pair of investment firms, one of which has said it hopes to have the cakes back on shelves by summer. Hostess Brands Inc. is selling Twinkies, Ding Dongs, Ho Hos and other brands to Apollo Global Management and Metropoulos & Co. for $410 million.

Ryanair Gives Boeing A Boost With Big Order

March 19, 2013 9:40 am | by Shawn Pogatchnik, Associated Press | News | Comments

Ryanair has made the biggest-ever order of Boeing planes by a European airline, announcing Tuesday it will buy 175 aircraft in a major boost for the U.S. aerospace giant. Neither side disclosed the purchase price for the 737-800s, but budget carrier Ryanair said it did negotiate a bulk discount off the total list price of $15.6 billion.

Airbus Gets Biggest Order Ever From Indonesia

March 18, 2013 10:21 am | by Sarah DiLorenzo, Sylvie Corbet, Associated Press | News | Comments

Airbus signed its biggest deal ever on Monday, an order from Indonesian's Lion Air worth €18.4 billion ($24 billion) that President Francois Hollande said should inspire the struggling French economy and all of Europe. The CEOs of both companies signed the contract for 234 planes in a ceremony at the French presidential palace, a sign of its importance to the government.

Supply Chain Management Concerns And Solutions, Part 2

March 13, 2013 9:00 am | by Jon Minnick, Associate Editor, MBT | Articles | Comments

Manufacturers can take a segmented approach to supply chain implementations that is best suited to their business needs, budgets and time constraints. For many manufacturers, depending on the solution implemented, they can see results immediately; and begin to generate ROI and enterprise-wide value as quickly as three to four months.

Sumitomo Metal To Build New Rare Earth Plant

March 12, 2013 10:22 am | by The Associated Press | News | Comments

Sumitomo Metal Mining Co. said Monday it plans to build a pilot plant in the Philippines to extract scandium, a rare earth element used to enhance aluminum strength and in components for fuel cells and batteries. The plant will be set up later this year at Coral Bay Nickel Corp., a subsidiary on Palawan Island that produces nickel-cobalt mixed sulfide from minerals, which also contain a trace amount of scandium.

Supply Chain Management Concerns And Solutions, Part 1

March 12, 2013 9:00 am | Articles | Comments

Top supply chain issues facing manufacturers today are a result of the globalization of supply networks and the associated volatility, complexity and risk. Global supply chains are faced with volatility relative to raw materials, energy and commodities, compounded with a lack of understanding of where demand is coming from.

U.S. Relaxes Export Controls On Some Military Parts

March 11, 2013 10:15 am | by Josh Lederman, Associated Press | News | Comments

Taking its first concrete step to streamline outdated restrictions on military exports, the U.S. moved to make it easier for American companies to sell aircraft equipment and parts to overseas customers. The goal is to simplify the export process for U.S. manufacturers competing in the global market by treating non-sensitive products differently than things like jet fighters and missile launchers.

Gardner Denver Agrees To $3.73B Sale

March 8, 2013 10:30 am | by The Associated Press | News | Comments

Industrial pump maker Gardner Denver said Friday that it has agreed to sell itself to Kohlberg Kravis Roberts & Co. for about $3.73 billion. Under the terms of the agreement, the New York-based private equity firm will acquire the Wayne, Pa.-based company for $76 per share.

Countdown To REACH — Complying With Document Delivery Challenges

March 8, 2013 9:27 am | by Malcolm Carroll, Director, Reach Delivery | Articles | Comments

The aim of REACH is to improve and ensure the safe use of chemicals, and the one of the things that REACH does is make all parties in the supply chain — from manufacturers, distributors through to downstream users — directly responsible for the safety of the chemical substances they handle.

Manufacturing's Next Chapter

March 4, 2013 3:00 pm | by GEreports | Videos | Comments

At The Atlantic's event, leading experts talk about what they think are the main challenges of manufacturing and the way forward for the U.S. manufacturing industry. Leaders talk about lasers, programming our physical world and beyond. Jamie Tarabay from Ideas Laboratory reports.

Hostess Picks Grupo Bimbo To Buy Beefsteak Bread

March 1, 2013 4:41 pm | by The Associated Press | News | Comments

Hostess is choosing Mexico's Grupo Bimbo as the buyer for its Beefsteak bread brand. Hostess said a $31.9 million bid by the maker of Entenmann's cakes beat out another offer by Flowers Foods, which makes Tastykakes and Nature's Own bread. Beefsteak is a regional rye bread available in some states.

Danfoss To Buy The Rest Of Sauer-Danfoss For $692M

March 1, 2013 4:41 pm | by The Associated Press | News | Comments

Danfoss A/S, a Danish maker of valves and other machine parts, will buy the rest of U.S. company Sauer-Danfoss it doesn't already own for about $692 million after raising its offer. Danfoss owns 75.6 percent of Sauer-Danfoss Inc., which makes parts for tractors, backhoe loaders and other agricultural and construction equipment.

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