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Daily industrial news and top headlines for plant and maintenance managers

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.

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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.

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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.

Social Technology In Manufacturing & Supply Chain

August 28, 2012 8:06 am | by Dylan Persaud, Managing Director, Eval-Source | Blogs | Comments

In today’s world, the term social is used to describe the simplest task or component and often is more a marketing term than anything else. For all the social interactions written about social and sharing, they have mostly referred to a B2C business model. The social aspect works well for this scenario. What has been forgotten and overlooked is the lack of communication and social aspect as it pertains to the B2B model.

Spyker: China's Youngman Invests $12.5M

August 27, 2012 10:04 am | by The Associated Press | News | Comments

Spyker NV, the company that bought Saab but couldn't save it from bankruptcy, says Chinese car manufacturer Zhejiang Youngman Passenger Car Group Co, Ltd. will invest €10 million ($12.5 million) in Spyker to make a new car. Spyker said Monday Youngman will pay €6.7 million for a 29 percent stake in Spyker, and loan it another €3.3 million.

Manufacturing Is Getting A ‘Kickstart’

August 27, 2012 8:06 am | by Joel Hans, Managing Editor, Manufacturing.net | Blogs | Comments

Maybe you’ve heard of Kickstarter before. It’s a relatively simple service in theory: It helps inventors, artists or designers (and other professionals) get funding to transform their designs into real products when they don’t have the up-front cash. The web service has definitively taken off in the last year or two, with many projects gobbling up millions of dollars in “investment.”

China Raises Rare Earths Export Quota For 2012

August 22, 2012 10:18 am | by The Associated Press | News | Comments

China on Wednesday slightly increased this year's quota for rare earths exports under controversial controls on the exotic minerals needed by manufacturers of mobile phones and other high-tech products. The Commerce Ministry announced an export quota of 9,770 tons for the second half of the year.

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Using Supplier Score Cards To Improve Profitability

August 22, 2012 8:06 am | by Shawn Dennison, CPA, CMA, Vice President of Finance, Cerro Wire | Articles | Comments

I have learned that each customer makes their purchasing decisions differently. Some companies delegate purchasing decisions to the local branch, while others centralize their purchasing. Whether the decision was made locally or from a central office, each buyer still had its own way of evaluating the purchase decision. Some buyers valued the lowest price, some valued relationship, and so on.

Imagining The Future Of Lean & Six Sigma, Part 2

August 21, 2012 8:40 am | by Alan Nicol, Executive Member, AlanNicolSolutions | Blogs | Comments

Now let’s discuss Six Sigma. Six Sigma, too, attacks a very real demon. That bad guy is named “variation.” It is a real and true deficit to our businesses to expend resources, time and energy desperately trying to control outcomes that are continuously changing and unpredictable. The aim of Six Sigma is to control processes well enough that their outcome is always stable and always predictable.

McCormick To Buy Bouillon Maker For $141M

August 20, 2012 1:58 pm | by The Associated Press | News | Comments

Spice and flavoring maker McCormick & Co. said Monday that it reached a deal to buy China's Wuhan Asia-Pacific Condiments Co. for about $141 million. The deal, which must be approved by regulators, is expected to close in mid-2013.

Parker Hannifin Selling Auto Air Conditioning Unit

August 13, 2012 12:11 pm | by The Associated Press | News | Comments

Parker Hannifin is selling its automotive air conditioning business to Germany's ContiTech AG.

Seeing The Forest And The Trees

August 8, 2012 11:53 am | by Jack Levis, Director of Process Management, UPS | Articles | Comments

Using predictive and prescriptive business analytics to improve supply chain operations.

China Tightens Controls On Rare Earths Production

August 8, 2012 10:25 am | by Joe McDonald, AP Business Writer | News | Comments

China's government has further tightened curbs on production of rare earths used in mobile phones and other high-tech products in a move that might inflame trade tensions with Washington and Europe.

Spyker Says It Has Served GM With $3B Lawsuit

August 8, 2012 10:22 am | by The Associated Press | News | Comments

Spyker, the tiny Dutch luxury car maker that failed to revive Swedish automobile group Saab, says it has served Saab's former owner, General Motors Co., with the $3 billion lawsuit it lodged earlier this week.

Q & A with Mark Bashrum, ESI International

August 7, 2012 5:22 pm | by Mike Schmidt. Associate Editor, Manufacturing Business Technology | Articles | Comments

If a business could make three dollars for every one it spent on training, wouldn’t it want to know how?

Train Everyone, Including The Band, Part 1

August 7, 2012 8:39 am | by Bo Mitchell, CBCP, 911 Consulting | Blogs | Comments

Police and fire officers are not the first responders; they are the official responders. You and your employees are the first responders.

Spyker To Sue GM Over Failed Saab Takeover

August 6, 2012 10:27 am | by The Associated Press | News | Comments

Spyker Cars NV, the tiny Dutch company that bought Swedish carmaker Saab from General Motors Co., says it is now suing GM for $3 billion in damages.

Partnership Shifts Manufacturing Back To U.S.

August 3, 2012 4:50 pm | Articles | Comments

ZeeVee, Inc., a developer of high definition video distribution products, recently moved its overseas contract manufacturing operations to Massachusetts from China, where it had been manufacturing since introducing its first-generation products about five years ago.

Ford Suing Dana Over Part Involved In Recalls

August 1, 2012 10:33 am | by The Associated Press | News | Comments

Ford Motor Co. is suing auto supplier Dana Corp. for allegedly providing faulty vehicle frames.

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