United Technologies is selling its engine division unit to aerospace manufacturer GenCorp Inc. for $550M as the conglomerate raises money for its largest acquisition and solidifies its core aerospace business.
A manufacturing problem at a company that makes fuel lines forced Ford to recall thousands of its brand-new Escape small SUVs and tell owners to stop driving them right away.
GE Aviation announced that they signed an agreement with The Boeing Company potentially worth up to $180 million to provide the mission control system for the U.S. Air Force’s KC-46A tanker.
Our third annual iteration of the IMPO Energy Intelligence Report has followed an industry all the more hungry for cost savings. As industrial manufacturers work to propel their businesses forward, they must choose between investing in the equipment they need, or falling behind in the face of fierce domestic and global competition.
Parker-Hannifin Corp. said Tuesday it has acquired the filtration business of John Fowler (India) Private Ltd.
Struggling aircraft maker Hawker Beechcraft announced Monday that it had reached a $1.79 billion "exclusivity agreement" with Superior Aviation Beijing for the sale of its business jet and general aviation operations in a deal that will save thousands of jobs in Kansas and Arkansas.
Leaders have promised to help the private sector with more bank lending and other measures, but entrepreneurs say they have yet to see changes.
Shares in Volkswagen AG soared higher on Thursday after Europe's biggest automaker announced a deal to complete the takeover of sports car manufacturer Porsche by the end of the month.
Italian carmaker Fiat says it is consolidating its ownership of Chrysler by exercising an option to purchase around 3.3 percent of Chrysler equity from a trust fund that manages health care for pensioners.
Quaker Chemical Corp. said Monday that it has purchased metal surface treatment products maker NP Coil Dexter Industries S.r.l.
Nippon Steel Corp. and Sumitomo Metal Industries Ltd. said they've cleared the way for the establishment on Oct. 1 of the world's second-largest steelmaker.
Chemical and specialty products maker Cabot Corp. is buying Norit NV for $1.1 billion in order to strengthen its specialty chemicals portfolio.
Diversified manufacturing company 3M Co. said Thursday that it reached a deal to buy Federal Signal Corp.'s technology business for $110 million in cash.
China on Wednesday defended its export curbs on rare earths used in high-tech products as an environmental measure and rejected a World Trade Organization challenge by the United States, Europe and Japan.
Nidec, which makes small motors for everything from car windows to copiers, is buying a 51 percent stake in the Chinese automotive motor company, Jiangsu Kaiyu Auto Appliance Co.
Australian miner Lynas Corp. said it hopes to fire up a plant in Malaysia to process rare earths now that a parliamentary panel has ruled the project is safe.
Air Products & Chemicals Inc. is buying a majority stake in Chilean industrial gas company Indura SA for $884 million.
Malaysia's government has imposed two new conditions on a rare earth refinery set up by Australian miner Lynas to assuage public fears of radioactive pollution.
Small Business Innovation Research & Global Trade Summit offers manufacturers the opportunity to secure billions in federal grants and commercial contracts.
The supply chain hasn’t always been a traditional area of responsibility for a company’s treasury department. However, more and more chief financial officers and treasury departments are finding that they can leverage technology to automate supply chain finance, avoid risk, and improve liquidity.
Swedish automaker Saab Automobile was Wednesday rescued from insolvency when an Asian consortium sealed a deal to buy the brand's main assets with the aim of making electric cars.
The U.S. can create jobs, reduce dependence on foreign resources, and improve national security by encouraging the domestic production of rare earths.
It’s not difficult to see the reasoning behind integrating American materials into industrial product designs. However, finding available, affordable options can be harder than it sounds.
Companies that require rare earth elements have begun to shift operations from China to other countries to gain less expensive access.