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Daily industrial news and top headlines for plant and maintenance managers

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.

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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.

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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.

Tornado Damage Stalls Wichita Aircraft Industry

April 17, 2012 10:10 am | by Heather Hollingsworth, Associated Press | News | Comments

Tornado damage in Kansas' aircraft manufacturing hub could have a ripple effect on the industry, analysts warned.

Supreme Court Steps Into Imports Copyright Case

April 16, 2012 2:25 pm | by Mark Sherman, Associated Press | News | Comments

The issue at the Supreme Court is whether U.S. copyright protection applies to items that are made abroad, purchased abroad and then resold in the U.S. without the permission of the manufacturer.

General Cable Buys Brazilian Autoparts Maker

April 13, 2012 1:53 pm | by The Associated Press | News | Comments

Automotive parts maker General Cable Corp. said on Thursday that it has bought a Brazilian maker of ignition wiring for cars.

Caterpillar Sells Australian Bucyrus Distributor

April 13, 2012 10:04 am | by The Associated Press | News | Comments

Heavy equipment maker Caterpillar Inc. has agreed to sell the Australian distributor of its Bucyrus mining equipment to one of its dealers for $400 million.

Q&A With Court Carruthers, Grainger

April 13, 2012 8:33 am | Articles | Comments

Manufacturers are looking for ways to maximize profitability, effectively manage cash flow, and balance costs related to inventory.

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.

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.

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