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Daily industrial news and top headlines for plant and maintenance managers

China Defends Curbs On Rare Earths

June 20, 2012 10:08 am | by Joe McDonald, AP Business Writer | News | Comments

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 Buys 51 Percent Stake In Chinese Motor Maker

June 20, 2012 10:03 am | by The Associated Press | News | Comments

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.

Lynas Clears Obstacle To Malaysia Rare Earth Plant

June 19, 2012 10:24 am | by Eileen Ng, Associated Press | News | Comments

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.

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Air Products & Chemicals Buying Indura Stake

June 19, 2012 10:18 am | by The Associated Press | News | Comments

Air Products & Chemicals Inc. is buying a majority stake in Chilean industrial gas company Indura SA for $884 million.

Malaysia Sets New Rules For Rare Earth Plant

June 15, 2012 10:06 am | by Eileen Ng, Associated Press | News | Comments

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.

Billions Available To Manufacturers At Conference

June 14, 2012 12:49 pm | by Connecticut Innovations | News | Comments

Small Business Innovation Research & Global Trade Summit offers manufacturers the opportunity to secure billions in federal grants and commercial contracts.

Avoiding Risk By Automating Supply Chain Finance

June 13, 2012 4:00 pm | by Mike Schmidt. Associate Editor, Manufacturing Business Technology | Articles | Comments

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.

Asian Electric Car Consortium To Buy Bankrupt Saab

June 13, 2012 10:25 am | by Louise Nordstrom, Associated Press | News | Comments

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.

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Finding Sources Of Rare Earths Beyond China, Part 2

June 12, 2012 8:11 am | by H. Sterling Burnett, Senior Fellow, National Center for Policy Analysis | Blogs | Comments

The U.S. can create jobs, reduce dependence on foreign resources, and improve national security by encouraging the domestic production of rare earths.

A Shrinking Market

June 11, 2012 5:10 pm | by Mike Schmidt, Associate Editor, Manufacturing Business Technology | Articles | Comments

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.

Finding Sources Of Rare Earths Beyond China, Part 1

June 11, 2012 8:20 am | by H. Sterling Burnett, Senior Fellow, National Center for Policy Analysis | Blogs | Comments

Companies that require rare earth elements have begun to shift operations from China to other countries to gain less expensive access.

Westport Innovations Inks Deal With Caterpillar

June 5, 2012 9:58 am | by The Associated Press | News | Comments

Westport Innovations Inc. said it reached a deal with Caterpillar Inc. to jointly develop natural gas engines for off-road equipment including mining trucks and trains.

The Fallacy of Raising the Bar, Part 2

June 5, 2012 8:08 am | by Mike Collins, Author, Saving American Manufacturing | Blogs | Comments

Enforcing a one-size-fits-all approach for all students will probably not work for many schools, and proponents of STEM learning should ready with a plan B alternative.

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The Fallacy of Raising the Bar, Part 1

June 4, 2012 8:47 am | by Mike Collins, Author, Saving American Manufacturing | Blogs | Comments

Manufacturing and the high-technology industries desperately need students who have been educated in STEM classes.

Mitsui Forms JV In China To Make Synthetic Rubber

May 29, 2012 2:01 pm | by The Associated Press | News | Comments

Mitsui Chemicals said it founded a joint venture with China Petroleum & Chemical , known as Sinopec, to produce a synthetic rubber for auto parts from 2014.

Italian Automaker Fiat Halts Sales To Iran

May 29, 2012 10:28 am | by Colleen Barry, AP Business Writer | News | Comments

Fiat said it and subsidiaries will immediately halt sales to Iran, following similar moves by other carmakers under pressure to cut ties to Tehran over its disputed nuclear program.

United Tech CEO Hints At Sale Of Fuel Cell Firm

May 23, 2012 10:20 am | by Stephen Singer, AP Business Writer | News | Comments

CEO Louis Chenevert of the Hartford-based company told analysts that United Technologies is evaluating the future of UTC Power as it reviews its portfolio.

Google Completes Motorola Mobility Acquisition

May 22, 2012 2:15 pm | by The Associated Press | News | Comments

Google Inc. completed its $12.5B acquisition of phone maker Motorola Mobility Holdings Inc. and said it has appointed a Google executive as the new CEO of the business.

Eaton Buying Cooper Industries In $11.46B Deal

May 21, 2012 2:24 pm | by The Associated Press | News | Comments

Diversified manufacturer Eaton Corp. is buying Irish electrical equipment supplier Cooper Industries PLC in a cash-and-stock deal valued at about $11.46 billion.

Google Gets China OK For Motorola Deal

May 21, 2012 10:14 am | by The Associated Press | News | Comments

Buying Motorola allows Google to expand into manufacturing phones, tablet computers, and other consumer devices for the first time.

Nucor To Buy ArcelorMittal Unit For $605M

May 18, 2012 1:48 pm | by The Associated Press | News | Comments

Steel recycler Nucor Corp. said Friday that it plans to buy a steel distribution unit of ArcelorMittal for $605 million, expanding its reach in the North American construction industry.

Honda Relocates Super Cub Production To China

May 18, 2012 10:07 am | by The Associated Press | News | Comments

Honda Motor Co. said it has relocated production of the 50-cc scooter to China and will release the new Chinese-made Super Cub model for the Japanese market on May 25.

Guardair Corporation Acquires Allen Gasket Cutting Machine Company

May 17, 2012 2:34 pm | by Guardair Corporation | News | Comments

Featuring a line of rotary-style gasket cutters, Allen will be absorbed into the Allpax Gasket Cutter Systems Division at Guardair’s Chicopee, MA headquarters.

ABB Completes Acquisition Of Thomas & Betts

May 17, 2012 1:42 pm | by ABB | News | Comments

The U.S. has become ABB’s largest market with about $6.6 billion in annual revenue and 19,000 employees.

GE To Acquire 2 Mining Equipment Companies

May 16, 2012 1:57 pm | by The Associated Press | News | Comments

General Electric is acquiring two mining equipment manufacturers to capitalize on growth in places like Australia and China.

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