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Daily industrial news and top headlines for plant and maintenance managers

Boeing, GE Cement Order For 85 737s Worth $6B

October 3, 2012 2:17 pm | by The Associated Press | News | Comments

Boeing Co. and the commercial aircraft leasing and financing arm of General Electric Co. have agreed on a firm order for 85 737s. The planes are worth $6 billion at list prices, although discounts for major customers are common. The order includes 75 737 MAX 8s and 10 Next-Generation 737-800s.

Nissan Offers Leaf Discounts To Spur Sales

October 1, 2012 2:01 pm | by The Associated Press | News | Comments

Nissan is offering cheap leases and big discounts on the Leaf because of slow U.S. sales of the all-electric car. Nissan Motor Co. sold only 4,228 Leafs this year through August, almost a third fewer than a year ago. It also has a big inventory of the cars nationwide. At the end of August it had enough 2012 models in stock to supply dealers for 114 days, according to Ward's AutoInfoBank.

Maker Of Japan's Bullet Train Chosen For U.S. Cars

September 27, 2012 1:57 pm | by The Associated Press | News | Comments

The company that makes Japan's bullet train cars has been selected to manufacture a fleet of next generation passenger cars for Amtrak rail corridors in the Midwest and California. Illinois, Michigan, Missouri, and California are teaming up to buy the 130 bi-level cars for $352 million from a joint venture by Nippon-Sharyo and Sumitomo Corp. of America.

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Paris Auto Show Opening Amid Deep Gloom

September 26, 2012 2:15 pm | by Greg Keller, AP Business Writer | News | Comments

Europe's carmakers could be forgiven for worrying that the slogan for this year's Paris Auto Show, "The Future, Now", is a threat of more hardship to come rather than a promise of prosperous times. Across the region, car sales are in their fifth straight year of decline and lots and factories are filling up with unsold cars.

Sitting With America

September 25, 2012 8:13 am | by Rachel Leisemann Immel, Associate Editor, IMPO | Blogs | Comments

Some buy American because they, as Americans themselves, think it’s simply the right thing to do. Some buy American because, to them, seeing the “Made in America” label means that they’re getting a superior product. Others, because they’ve heard the statistics outlining the importance of a strong manufacturing base in the U.S. Whatever the reason, I don’t think it can ever hurt to support an economy that makes such a difference.

Yaskawa Acquires Wermac Electric, Ltd.

September 24, 2012 10:46 am | by Yaskawa | News | Comments

The Drives & Motion Division of Yaskawa America Inc. (YAI) is pleased to announce that it has acquired the business and operations of Wermac Electric Ltd. in Calgary, AB, Canada. Wermac is a 25-year partner with Yaskawa and has been an innovator and leader in applying Variable Speed Drives and Electrical Controls in the Oil & Gas industry.

U.S. Demanding Harsh Penalties For Price Fixers

September 20, 2012 1:41 pm | by Paul Elias, Associated Press | News | Comments

The U.S. Department of Justice is demanding that a "remorseless" Taiwanese company pay a $1 billion fine and two former top executives each serve 10 years in prison for their roles as central figures in what prosecutors called the most serious price-fixing cartel ever prosecuted by the U.S.

U.S. And China Clash Over Free Trade

September 19, 2012 9:39 am | by Joe McDonald, AP Business Writer | News | Comments

The U.S. government has challenged Chinese policies it says improperly subsidize exports of auto parts in violation of World Trade Organization free trade rules. The issue is politically sensitive at a time when Western governments are trying to boost exports, especially of higher-value industrial goods, to cut high unemployment.

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Bentley Acquires Ivara To Redefine Asset Management

September 18, 2012 12:03 pm | by Bentley Systems | Articles | Comments

Bentley Systems, Incorporated, dedicated to providing comprehensive software solutions for sustaining infrastructure, today announced that it has acquired Ontario, Canada-based Ivara Corporation, a leading provider of asset performance management software solutions for organizations in asset-intensive industries, including mining and metals, power generation and utilities, oil and gas, and petrochemical.

Japan Businesses In China Hit As Protests Rage

September 18, 2012 10:09 am | by Elaine Kurtenbach, AP Business Writer | News | Comments

Scores of Japanese-owned factories and stores in China were shuttered Tuesday as anti-Japan demonstrations erupted in dozens of cities. At stake are billions of dollars in investments and far more in sales and trade between Japan and China, the world's third- and second-largest economies. The two are so closely entwined that both would suffer from any long-term disruptions.

Acquisition Bolsters Allied Reliability Group Service Offerings

September 13, 2012 3:55 pm | by Allied Reliability Group | Articles | Comments

Allied Reliability Group is pleased to announce the acquisition of ABB’s Reliability Consulting business in North America, originally known as HSB RT. The unit consists of 20 remote employees, all of whom will be fully integrated into GPAllied. The Reliability Consulting business unit will complement GPAllied’s current reliability consulting offerings.

Platinum Prices Jump As Mine Dispute Spreads

September 13, 2012 2:08 pm | by The Associated Press | News | Comments

The price of platinum jumped nearly 3 percent Wednesday as protests spread at South African mines. Workers at a mine run by Anglo American Platinum appeared to go on strike, demanding higher wages. The company denied that the workers were on strike, but said it shut down its mines in the town of Rustenberg for safety reasons.

Q&A: Streamlined Packing Designs

September 13, 2012 11:15 am | Articles | Comments

Bosch Packaging Systems has injected over 100 years of industry experience into their advanced packaging lines with a unique, uniform design principle. The recent fruits of their single design philosophy were formally unveiled last year. To find out more, we spoke with Detlef Gottstein, the responsible product manager from Bosch Packaging Systems, and the company’s consultant Prof. Sigmar Willnauer, an expert in Industrial Design.

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Trumping Progress – How Money & Politics Corrupt Innovation

September 7, 2012 8:06 am | by Chris Fox, Associate Editor, PD&D | Blogs | Comments

Have you heard of Nikola Tesla? I’m sure most of you have. Just in case you haven’t, Tesla is arguably the most underrated and overlooked engineer of all time. He developed the alternating current, invented the bladeless turbine, built the first induction motor, and innovated the use of X-rays, to name just a few of his contributions. So, why is this guy just a paragraph in history books?

Japan, China Territorial Dispute Dampens Car Sales

September 6, 2012 12:02 pm | by The Associated Press | News | Comments

The territorial dispute between Japan and China in the East China Sea has dragged down sales of Japanese cars in China, with most Japanese brands seeing a plunge in sales last month, a senior executive of Nissan Motor Co. said Thursday.

Australian Miner Gets Rare Earth Plant License

September 5, 2012 10:27 am | by The Associated Press | News | Comments

Australian mining firm Lynas Corp. has been granted a temporary operating license by the Malaysian government to start running its rare earth refinery after months of delay due to public protests over fears of radioactive contamination.

Hong Kong Company Completes Purchase Of Saab

September 4, 2012 10:24 am | by The Associated Press | News | Comments

A Hong Kong-owned company says it has completed the acquisition of bankrupt car maker Saab and will move ahead with its business plan to make electric cars under the Swedish brand. National Electric Vehicle Sweden, or NEVS, said Monday it expects to introduce its first electric vehicle "in approximately 18 months."

The NEMA Premium Labeling Scheme

September 4, 2012 8:06 am | by Rob Boteler, Nidec Motor Corporation | Articles | Comments

The original NEMA Premium labeling scheme was designed to simplify the identification and application of NEMA Premium efficient motors by end users and original equipment manufacturers (OEMs). Since its inception, the NEMA Premium mark has gained wide acceptance with motor buyers, utilities, and other specifying organizations.

IHI, Paul Wurth To Form Blast Furnace Joint Venture

August 31, 2012 11:50 am | by The Associated Press | News | Comments

IHI Corp. said Friday it will establish an equally owned company with Luxembourg firm Paul Wurth S.A., the world's largest blast furnace maker, on Nov. 1 to tap growing demand for steelmaking facilities in Southeast Asia, Australia and elsewhere.

Carlyle Buying DuPont Coatings Business For $4.9B

August 30, 2012 2:05 pm | by The Associated Press | News | Comments

The Carlyle Group says it is buying DuPont's performance coatings business for $4.9 billion in cash, giving it another investment in the automotive and industrial segments. The private equity firm will also take on $250 million of DuPont's unfunded pension liabilities.

Hospira Buys Manufacturing Facilities For $200M

August 29, 2012 2:03 pm | by The Associated Press | News | Comments

Hospira Inc. said Wednesday that it will pay $200 million to buy antibiotic manufacturing and research and development facilities from an Indian drug company. Hospira is buying the facility in Aurangabad from Orchid Chemicals & Pharmaceuticals. Hospira said the acquisition should reduce its costs, help it maintain its supply of key antibiotics like penicillin, and help develop future products.

Japan's Daikin To Buy Goodman Global For $3.7B

August 29, 2012 10:03 am | by Elaine Kurtenbach, AP Business Writer | News | Comments

Japan's Daikin Industries, Ltd., plans to buy Houston, Texas-based Goodman Global Group Inc., a purchase that will fortify its status as the world's biggest maker of residential heating, ventilating and air conditioning systems. Daikin, based in western Japan's Osaka, said Wednesday its board approved the $3.7 billion deal as part of its strategy for expanding in the U.S. residential market.

Why Cheaper Warehouse Equipment Isn’t Always Less Expensive

August 29, 2012 8:06 am | by Carol Thorsen, Manager of Wynright Corporation’s Inside Sales | Blogs | Comments

Perhaps one of the most significant contributions the Internet has made to our daily lives is the ability to find the rock-bottom price for just about anything we need to purchase easily. With a quick search on the right keywords, or a visit to megasites such as Amazon.com or eBay, we can find exactly what we’re looking for and save money to boot. Or so it would seem.

GM To Take Volt Plant Off-Line To Control Supply

August 28, 2012 10:28 am | by The Associated Press | News | Comments

General Motors will temporarily close the Detroit-area plant that makes the Chevrolet Volt next month to control inventory and prepare to make a new model. Spokesman Bill Grotz says the factory will be off-line to match supply with demand and prepare to build the 2014 Chevrolet Impala. He wouldn't say how long. Grotz says GM is happy with its supply of electric Volts.

Molycorp Shares Climb On Start-Up Of CA Site

August 28, 2012 10:22 am | by The Associated Press | News | Comments

Molycorp Inc. said Monday that it has started operations at a new California mine that will become a source of rare earth elements used in applications ranging from hybrid electric vehicles to consumer electronics. Shares of Molycorp rose more than 5 percent in after-hours trading following the announcement.

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