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Daily industrial news and top headlines for plant and maintenance managers

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.

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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.

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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.

Distributor POV: Stuck In The Middle

May 11, 2012 12:59 pm | Articles | Comments

Many industrial distributors find themselves in a constant push-pull between keeping up with the challenges in supplier products and pricing, maintaining customer relationships, and managing their own profitability. Industrial Distribution surveyed its readers to learn more about their internal pricing strategies and how tensions with customers have caused them to work harder to retain existing business.

CAT To Sell Logistics Unit Stake For $750M

May 11, 2012 9:58 am | by The Associated Press | News | Comments

Caterpillar is selling a majority stake in a logistics division for about $750 million to better focus on its core businesses.

Etihad Cancels 7 Airbus A350 Orders

May 7, 2012 2:22 pm | by The Associated Press | News | Comments

Etihad still has orders for 12 of the aircraft, a rival of Boeing's 777, according to Airbus' website.

Ford to Sell ACH Interior Trim Business

May 4, 2012 1:53 pm | by The Associated Press | News | Comments

Faurecia said the deal makes it North America's No. 1 interior systems supplier and makes Ford its third-largest customer.

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Panasonic Mulls Shifting Battery Production To China

May 2, 2012 10:22 am | by The Associated Press | News | Comments

Panasonic Corp. is planning to close its Kaizuka plant within fiscal 2012 and shift its lithium ion battery production to Suzhou, sources said.

Ametek To Buy Parent Of German Automation Firm

April 27, 2012 1:50 pm | by The Associated Press | News | Comments

The privately held company makes motion-control systems for factory equipment and medical devices.

Damaged Resin Plant To Be Down At Least 6 Months

April 26, 2012 12:05 pm | by Tom Krisher, AP Auto Writer | News | Comments

The Evonik Industries AG plant was badly damaged in a March 31 explosion and fire, setting off a mad scramble by global automakers to find substitute materials.

Parts Now Finds The Perfect Fit With Molded Foam Cushions

April 26, 2012 11:23 am | by Sealed Air | Articles | Comments

Sealed Air’s Instapak iMold® System offers an efficient and sustainable automated packaging solution for a leading supplier of laser printer parts.

Auto Parts Makers Downplay Resin Shortage

April 25, 2012 10:28 am | by Tom Krisher, AP Auto Writer | News | Comments

Executives from four auto parts companies said Tuesday that they don't expect widespread fallout from a shortage of a key ingredient in plastic resin following a factory explosion in Germany.

Automakers Agree To Fast-Track Resin Substitutes

April 24, 2012 10:25 am | by Dee-Ann Durbin, AP Auto Writer | News | Comments

Six major automakers and 19 suppliers are close to agreeing on a fast-track process for testing replacements for a resin that's in dangerously short supply.

Fifth Japanese Supplier Charged With Price Fixing

April 24, 2012 10:22 am | by The Associated Press | News | Comments

A Tokyo-based auto supplier has agreed to pay a $20 million criminal fine and cooperate with the U.S. government's ongoing investigation into price fixing in the industry.

AUDI AG Acquires Motorcycle Manufacturer Ducati

April 18, 2012 2:21 pm | News | Comments

AUDI AG is acquiring from Investindustrial Group the tradition-steeped Italian sports motorcycle manufacturer Ducati Motor Holding.

Mitsubishi Heavy To Produce Gear-Making Machines

April 18, 2012 10:26 am | by The Associated Press | News | Comments

Mitsubishi Heavy Industries said it will start producing gear cutting machines in India starting October to tap into growing demand in the country's auto and motorcycle sectors.

Boeing Signs Supply Deal With Abu Dhabi Company

April 17, 2012 1:56 pm | by Adam Schreck, AP Business Writer | News | Comments

Abu Dhabi's state-owned Mubadala Aerospace signed a deal Tuesday with Boeing Co. to build carbon composite parts for the American planemaker's 777 and 787 jetliners.

First Solar Lays Off 2,000 As Demand Wanes

April 17, 2012 10:13 am | by Chris Kahn, AP Energy Writer | News | Comments

First Solar Inc. is laying off 2,000 workers and closing its plant in Frankfurt, Germany, in response to waning demand for solar panels and increased competition from China.

Chemical Plant Shutdown Could Cut Auto Production

April 17, 2012 10:12 am | by Dee-Ann Durbin, Tom Krisher, AP Auto Writers | News | Comments

The potential shortage of a key component used to make fuel lines and brake lines could force automakers in the U.S. and around the world to close car and truck plants as they run short of parts.

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