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Daily industrial news and top headlines for plant and maintenance managers

Exelis Buys British Electronic Component Company

April 12, 2012 1:50 pm | by The Associated Press | News | Comments

Exelis Inc., the former defense unit of manufacturer ITT Corp., said on Thursday that it bought a small British maker of high-voltage power supplies.

Distributor POV: Online Profile

April 11, 2012 5:03 pm | by Mike Schmidt, Associate Editor, MBT | Articles | Comments

Your suppliers continue to take steps forward into the e-Commerce realm. So how should you expect this to affect purchasing going forward?

Fuji Heavy To Shelve Plan For China Auto Plant

April 9, 2012 2:07 pm | by The Associated Press | News | Comments

While the envisioned entry to local production in China has been a pillar of Fuji Heavy's strategy, the Subaru maker has not been able to get a permission from the Chinese government, sources said.

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China Sets Up Rare Earths Industry Group

April 9, 2012 10:26 am | by Elaine Kurtenbach, AP Business Writer | News | Comments

China has set up a rare earths industry association to fend off trade complaints and help regulate the sector that is critical to global high-tech manufacturing.

Nokia Town Faces Dim Future As Jobs Shift To Asia

April 6, 2012 2:01 pm | by Matti Huuhtanen, Associated Press | News | Comments

Salo — along with other Finnish towns inextricably linked to Nokia — is facing an uncertain future as Finland's most famous corporation shifts its mobile phone assembly to Asia.

Kyocera To Set Up Joint Venture In India

April 6, 2012 1:53 pm | by The Associated Press | News | Comments

Kyocera Corp. said it will set up a joint venture in India in June to make cutting tools for industrial uses such as manufacturing vehicle parts.

Toyota Industries To Set Up Forklift Plant In Brazil

April 5, 2012 1:52 pm | by The Associated Press | News | Comments

Toyota Industries Corp. said the manufacturing plant in Sao Paulo, Brazil will replace a large portion of its imports from the United States with local production and boost sales in the country's growing market.

Tokai Rubber To Build Plant In India

April 4, 2012 2:07 pm | by The Associated Press | News | Comments

Automotive parts maker Tokai Rubber Industries Ltd. said the plant will produce anti-vibration rubber for engines and begin mass production in November 2013.

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GM Adds To Volt Plant's Usual Summer Closure

April 2, 2012 2:07 pm | by Tom Krisher, AP Auto Writer | News | Comments

General Motors Co. will suspend production of the Chevrolet Volt for an extra week this summer as it tries to control the electric car's inventory.

Foreign Investors Warn India Over Retroactive Tax

April 2, 2012 2:05 pm | by Erika Kinetz, AP Business Writer | News | Comments

GE, SAB Miller, Cadbury, AT&T, Sanofi and Vedanta are among other companies fighting tax cases in India that could be affected by the changes.

Mexico: Ford To Invest $1.3B In Plant

April 2, 2012 10:20 am | by The Associated Press | News | Comments

Mexican President Felipe Calderon says the Ford Motor Co. will invest an additional $1.3 billion at its stamping and assembly plant in the northern city of Hermosillo.

Airgas Buys Mississippi Gas Distributor

April 2, 2012 10:15 am | by The Associated Press | News | Comments

Industrial and specialty gas distributor Airgas Inc. said that it bought Industrial Welding Supplies, expanding its distribution network in three southern states.

Caterpillar Unit Opens New Parts Plant

March 30, 2012 2:08 pm | by The Associated Press | News | Comments

The logistics subsidiary of Caterpillar Inc., the world's largest maker of construction and mining equipment, said Friday it opened a parts distribution center in San Luis Potosi, Mexico.

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Panel Stops Clearances For India Steel Plant

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

An Indian environmental panel has suspended clearances for South Korean steel giant Posco to build a $12 billion steel plant in India.

DE Seeks Foreign Trade Zone Status For Fisker

March 29, 2012 2:09 pm | by The Associated Press | News | Comments

Foreign Trade Zone procedures could exempt Fisker from customs duty payments on foreign components used in export production, which Fisker expects will account for about half of the plant's shipments.

Cisco To Acquire Software Maker ClearAccess

March 28, 2012 1:57 pm | by The Associated Press | News | Comments

The world's largest maker of computer networking equipment said it plans to acquire ClearAccess to broaden network management tools for homes and mobile devices.

Renesas To Sell Aomori Plant To Fuji Electric

March 27, 2012 2:22 pm | by The Associated Press | News | Comments

The major Japanese semiconductor maker aims to improve its performance by consolidating and enhancing production efficiency, as the company expects to see a 57 billion yen net loss for the current year.

AT&T To Sell Nokia Windows Phone For $100

March 26, 2012 2:06 pm | by The Associated Press | News | Comments

The Finnish phone manufacturer is counting on Microsoft Corp.'s software to turn its fortunes around and provide it with an entry into the U.S. market.

JAL Receives Boeing 787s For April Launch

March 26, 2012 10:07 am | by The Associated Press | News | Comments

Due to a series of delays in the Dreamliner's development by Boeing, delivery of the aircraft to JAL and other airlines was more than three years later than originally planned.

Dow Chemical To Invest In Saudi Arabia Plant

March 26, 2012 10:02 am | by The Associated Press | News | Comments

Dow Chemical Co. plans to invest an undisclosed amount in a new manufacturing plant in Saudi Arabia that will make coating materials for use in that country and for export to markets worldwide.

Cessna To Build Business Jets In China

March 23, 2012 9:55 am | by The Associated Press | News | Comments

The Kansas-based company is joining with Aviation Industry of China and the municipal government of Chengdu, where the three plan a joint venture to produce midsize jets.

Airbus: 2,000 Jobs At Risk Over China Freeze

March 22, 2012 2:00 pm | by The Associated Press | News | Comments

The head of Airbus says up to 2,000 jobs are at risk because Chinese airlines have frozen orders for 55 jets worth $14 billion in protest at the European Union's emissions trading plan.

Japan Posts 1st Trade Surplus In 5 Months

March 22, 2012 1:54 pm | by The Associated Press | News | Comments

Japan posted its first trade surplus in five months in February on a recovery in auto and electronics exports to the United States.

Analysis: More U.S. Drilling Didn't Drop Gas Price

March 21, 2012 2:26 pm | by Jack Gillum, Seth Borenstein, Associated Press | News | Comments

More U.S. drilling has not changed how deeply the gas pump drills into your wallet, math and history show.

U.S. Gov't Sets New Tariffs On China Solar Panels

March 21, 2012 10:13 am | by Marcy Gordon, AP Business Writer | News | Comments

The Commerce Department is imposing new import fees on solar panels made in China, finding that the Chinese government is improperly giving subsidies to manufacturers of the panels there.

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