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Daily industrial news and top headlines for plant and maintenance managers

Chinese Buyer Says Solar Firm MiaSole Will Expand

January 9, 2013 10:12 am | by Joe McDonald, AP Business Writer | News | Comments

The Chinese company that bought MiaSole, a California producer of thin-film solar panels, says it can make the emerging technology successful where others have suffered huge losses. Hanergy Group's strong finances will help MiaSole invest in research and ride out a downturn in the global solar market, while its links to customers in China and abroad will help build sales, chairman Li Hejun said Wednesday.

Precision Castparts Completes Titanium Metals Deal

January 8, 2013 2:27 pm | by The Associated Press | News | Comments

Precision Castparts Corp. said Tuesday that it has completed its acquisition of Titanium Metals Corp. for roughly $2.9 billion. The deal, first announced in November, gives Precision a titanium capability that it said has always been a key missing piece from its product portfolio.

Report: Hostess In Talks To Sell Bread Brands

January 7, 2013 10:12 am | by The Associated Press | News | Comments

The makers of Thomas' English muffins and Tastykake snacks are emerging as two of the bidders for Wonder Bread and other Hostess bread brands as the company tries to sell off its assets under bankruptcy-court oversight, a newspaper reported Saturday.


Hostess Expects To Split Up Snack Cakes In Sale

December 21, 2012 1:57 pm | by The Associated Press | News | Comments

Twinkies, Wonder Bread and Devil Dogs are likely to return to shelves in coming months, but probably not under the same owners. Hostess Brands Inc. said in bankruptcy court Friday that it's narrowing down the bids it received for its brands and expects to sell off its snack cakes and bread brands to separate buyers.

GE To Buy Aviation Unit Of Italy's Avio For $4.3B

December 21, 2012 1:54 pm | by The Associated Press | News | Comments

Industrial conglomerate General Electric plans to buy the aviation business of Italian manufacturer Avio for $4.3 billion to grow its jet propulsion business and strengthen its supply chain. The Fairfield, Conn., company said Friday that it wants to build its supply chain as it ramps up engine production.

Nokia, RIM Settle Old Disputes In New Patent Pact

December 21, 2012 9:48 am | by Matti Huuhtanen, Associated Press | News | Comments

Nokia Corp. and Canadian smartphone rival Research In Motion have agreed on a new patent licensing pact which will end all existing litigation between the two struggling companies, the Finnish firm said Friday. The agreement includes a "one-time payment and on-going payments, all from RIM to Nokia," Nokia said, but did not disclose "confidential" terms.

AP: $1 Coin Backers Give To Harkin Center

December 19, 2012 2:25 pm | by Ryan J. Foley, Associated Press | News | Comments

A South Korean businessman and his Iowa metals company gave $500,000 to a university institute honoring U.S. Sen. Tom Harkin, who is pushing for a dollar coin that could generate tens of millions of dollars in new business for the company, according to records obtained by The Associated Press.

Cisco Closes $141M Deal For Cariden

December 17, 2012 2:10 pm | by The Associated Press | News | Comments

Cisco has completed the acquisition of software company Cariden Technologies Inc. for about $141 million. The privately held Sunnyvale, Calif., company supplies network planning, design and traffic management products and services for telecommunications providers.


VA To Host Manufacturing Skills Program

December 14, 2012 2:05 pm | by Michael Felberbaum, AP Business Writer | News | Comments

The Virginia Manufacturers Association is partnering with ECPI University to create a hub for manufacturing education and training in Southside Virginia to help align regional employer needs and economic development objectives. Officials say the institute will help ensure a workforce pipeline to meet current and future job requirements in advanced technology industries.

Supply Chain Management: The Beer Game

December 13, 2012 10:57 am | by Kettering University | Videos | Comments

Prof. Larry Navarre (Business) presents "Supply Chain Management: The Beer Game" during the Provost's Distinguished Faculty Speaker Series. Prof. Navarre touches on the important functions of fulfilling a customer request including product development, marketing, operations, distribution, finance, and customer service.

U.S., EU Looking At World's Biggest Free Trade Pact

December 11, 2012 10:15 am | by Desmond Butler, The Associated Press | News | Comments

After years of battling each other on trade issues, U.S. and European officials are contemplating a dramatic change in direction: joining together in what could be the world's largest free trade pact in an attempt to boost their struggling economies.

Honeywell To Buy Intermec For $603M

December 11, 2012 10:07 am | by The Associated Press | News | Comments

Intermec Inc., which makes barcode printers and radio frequency identification products, said Monday that it reached a deal to sell itself to Honeywell International Inc. for about $603.4 million in cash. Under the terms of the agreement, Morris Township, N.J.-based Honeywell, a technology and manufacturing company, will pay $10 per share for Intermec.

Delta Orders Up To 70 Bombardier Regional Jets

December 7, 2012 2:10 pm | by Joshua Freed, AP Airlines Writer | News | Comments

Delta Air Lines is ordering up to 70 regional jets from Bombardier as part of a major shift in the planes it uses for hauling passengers around the U.S. Delta announced a firm order for 40 of the CRJ900 planes on Thursday, and options for 30 more. The deal would be worth $3.29 billion at list prices if Delta exercises the options, although discounts on such a big order are common.


Alabama Lands Its First Airbus Supplier

December 7, 2012 10:11 am | by The Associated Press | News | Comments

Alabama has landed its first Airbus supplier. A subsidiary of Labinal, Safran Engineering Services, announced Thursday that it will operate an engineering supporting facility in Mobile that will hire 30 to 50 people. Labinal is part of the French aerospace company Safran Group.

China OKs Bid To Purchase U.S. Battery Maker A123

December 3, 2012 12:52 pm | by The Associated Press | News | Comments

China has approved a proposal by auto parts conglomerate Wanxiang Group Corp. to purchase the assets of bankrupt U.S. battery maker A123 Systems. The Chinese Commerce Ministry's approval of the bid was announced by the official Xinhua News Agency on Sunday. Wanxiang, based in Zhejiang province, is interested in buying substantially all of the assets of A123, which is based in Waltham, Massachusetts.

Yaskawa Europe To Acquire Majority Shares Of VIPA

December 3, 2012 11:35 am | by Yaskawa | News | Comments

The Drives & Motion Division of Yaskawa America, Inc. is pleased to announce that Yaskawa Electric Corporation has signed an agreement between its European subsidiary, YASKAWA Europe GmbH based in Eschborn, Germany, and VIPA Gesellschaft für Visualisierung und Prozessautomatisierung mbH, based in Herzogenaurach, Germany, whereby YEU will acquire a majority of the shares of VIPA.

Eaton Completes $11.46B Deal For Cooper Industries

December 3, 2012 10:06 am | by The Associated Press | News | Comments

Diversified manufacturer Eaton Corp. said Friday that it has completed its acquisition of electrical equipment supplier Cooper Industries PLC. Eaton said in May it was buying the Dublin, Ireland-based electrical components maker in a cash-and-stock deal valued at about $11.46B. With the acquisition, Cleveland-based Eaton is seeking to expand its reach in the global electrical power and distribution business.

Cisco To Buy Cariden Technologies For $141M

November 30, 2012 2:01 pm | by The Associated Press | News | Comments

Internet networking gear maker Cisco Systems Inc. is buying software maker Cariden Technologies Inc. for $141 million as part of its effort to provide more tools for managing increasing online traffic from mobile devices. The all-cash deal announced Thursday is expected to be completed sometime during Cisco's current fiscal quarter, which ends in late January.

Bombardier In Deal With VistaJet For $7.8B

November 28, 2012 10:03 am | by Rob Gillies, Associated Press | News | Comments

Bombardier Inc., the world's third-largest maker of civilian commercial aircraft, said Monday it has made the biggest sale of business aircraft in its history, potentially worth up to $7.8 billion if all options are exercised. VistaJet, a private European company that provides luxury chartered flights, placed firm orders for 56 Bombardier Global jets valued at $3.1 billion and acquired options for a further 86 Global jets.

USNH, Community Colleges Focus On Tech Grads

November 28, 2012 9:59 am | by Holly Ramer, Associated Press | News | Comments

Working harder to hold onto already interested students is faster and less expensive than recruiting newcomers when it comes to increasing the number of science, technology, engineering and math degrees, a national education expert told New Hampshire education leaders Tuesday.

GE Lighting To Buy Albeo Technologies

November 27, 2012 2:23 pm | by The Associated Press | News | Comments

GE Lighting is buying LED fixture maker Albeo Technologies Inc. in order to meet the demand for energy-efficient high-bay LED lighting products. Privately held Albeo Technologies's LED systems are used in commercial, warehouse, industrial, cold storage, office, data center, food processing, parking garage, school, sporting and correctional environments.

Weakened U.S. Manufacturing Is Still Strong

November 27, 2012 1:58 pm | News | Comments

Despite media reports that tend to focus on job loss, plant closings and other negative events, the truth is that while U.S manufacturing has been weakened in recent years, it is still quite strong. Perhaps no one knows this better than Chelsea C. (Chip) White, the Schneider National Chair of Transportation and Logistics in the School of Industrial & Systems Engineering at the Georgia Institute of Technology.

InfinityQS, Keops Partner For Global Manufacturing Intelligence

November 27, 2012 11:28 am | News | Comments

InfinityQS International, Inc. today announced a strategic partnership with Keops Technologies, Inc. that increase efficiency and improve quality. With offices in Montreal, Madrid and Paris, and recent expansion in Dubai, Keops has formalized its partnership with InfinityQS to complement its existing manufacturing solutions with ProFicient, InfinityQS’ enterprise quality hub powered by statistical process control (SPC).

Fiat Industrial, CNH Reach Merger Agreement

November 26, 2012 2:06 pm | by Colleen Barry, AP Business Writer | News | Comments

The Italian heavy-duty vehicles maker Fiat Industrial reached an agreement Monday for a full merger with its U.S. subsidiary, the farm equipment maker CNH Global N.V., creating the world's third-largest capital goods company by sales. Fiat Industrial had aggressively pursued the full merger of the 12 percent of CNH that it didn't already own.

Eaton Deal For Cooper Cleared By China, Europe

November 26, 2012 2:01 pm | by The Associated Press | News | Comments

Diversified manufacturer Eaton Corp. said Monday that its pending acquisition of Cooper Industries PLC has received regulatory approvals from Chinese and European officials, putting it a step closer to closing. The deal has now received all of its required regulatory approvals and been approved by the shareholders of both companies. It remains subject to customary closing conditions, Eaton said.

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