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Daily industrial news and top headlines for plant and maintenance managers

U.S. Is Halfway To Obama's Export-Doubling Goal

April 4, 2013 2:20 pm | by Tom Raum, Associated Press | News | Comments

Suddenly outsourcing is on the way out and insourcing on the way in as the U.S. trudges unevenly toward President Barack Obama's goal of doubling American exports around the world by the start of 2015. So far, export levels are about halfway to his mark.

HK Dockworkers Refuse To Back Down In Port Strike

April 3, 2013 10:14 am | by Kelvin Chan, AP Business Writer | News | Comments

Striking Hong Kong dockworkers refused to back down Wednesday in a weeklong pay dispute that is slowing cargo shipments at the world's third busiest port. Several hundred dockworkers and supporters camped out on the road in front of a container terminal. The workers are demanding a 20 percent pay rise but subcontractors supplying labor to port operators are only offering 5 percent.

Replenishing The “Brain Drain”

March 27, 2013 8:02 am | by Paul Michalicka, SKF USA Inc. | Blogs | Comments

It is a phenomenon that is referred to with a catchy rhyme:  “the brain drain.”  Older workers are leaving companies, taking their experience and knowledge with them.  And, for various reasons, the reservoir is not being refilled at the same rate.  Knowledge leaves, and the tank threatens to go dry.

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InfinityQS’ Doug Fair To Speak At 2013 ASQ World Conference

March 20, 2013 12:08 pm | News | Comments

Fair’s presentation, “Embrace Change to Optimize the Global Supply Chain,” will take place on Tuesday, May 7, from 9:15-10:15 a.m. and will emphasize the importance of end-to-end supply chain visibility in remaining competitive amidst the evolving global quality landscape.

Great Northern: Boxing Out The Competition

March 20, 2013 9:00 am | Articles | Comments

In 2007, with the intention of growing the company’s sales channel and increasing revenue through acquisition of new customers, Bill Calengor, Vice President of Great Northern Corporation (Creative Carton at the time) set out to expand on its traditional business model and bring its corrugated box business online under a new brand.

Meggitt Sensing Systems Adds New Sales Channel For Illinois, Kentucky

March 19, 2013 2:50 pm | News | Comments

Meggitt, manufacturer of accelerometers and vibration sensing products, has added a new reseller for Kentucky and Illinois. Heartland Industrial Solutions LLC will promote and sell Meggitt’s Wilcoxon Research® line of vibration monitoring sensors and accessories in the Midwest region.

Judge Approves Twinkies Sale

March 19, 2013 1:57 pm | by Candice Choi, AP Food Industry Writer | News | Comments

A bankruptcy judge has approved the sale of Twinkies to a pair of investment firms, one of which has said it hopes to have the cakes back on shelves by summer. Hostess Brands Inc. is selling Twinkies, Ding Dongs, Ho Hos and other brands to Apollo Global Management and Metropoulos & Co. for $410 million.

Ryanair Gives Boeing A Boost With Big Order

March 19, 2013 9:40 am | by Shawn Pogatchnik, Associated Press | News | Comments

Ryanair has made the biggest-ever order of Boeing planes by a European airline, announcing Tuesday it will buy 175 aircraft in a major boost for the U.S. aerospace giant. Neither side disclosed the purchase price for the 737-800s, but budget carrier Ryanair said it did negotiate a bulk discount off the total list price of $15.6 billion.

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Airbus Gets Biggest Order Ever From Indonesia

March 18, 2013 10:21 am | by Sarah DiLorenzo, Sylvie Corbet, Associated Press | News | Comments

Airbus signed its biggest deal ever on Monday, an order from Indonesian's Lion Air worth €18.4 billion ($24 billion) that President Francois Hollande said should inspire the struggling French economy and all of Europe. The CEOs of both companies signed the contract for 234 planes in a ceremony at the French presidential palace, a sign of its importance to the government.

Supply Chain Management Concerns And Solutions, Part 2

March 13, 2013 9:00 am | by Jon Minnick, Associate Editor, MBT | Articles | Comments

Manufacturers can take a segmented approach to supply chain implementations that is best suited to their business needs, budgets and time constraints. For many manufacturers, depending on the solution implemented, they can see results immediately; and begin to generate ROI and enterprise-wide value as quickly as three to four months.

Sumitomo Metal To Build New Rare Earth Plant

March 12, 2013 10:22 am | by The Associated Press | News | Comments

Sumitomo Metal Mining Co. said Monday it plans to build a pilot plant in the Philippines to extract scandium, a rare earth element used to enhance aluminum strength and in components for fuel cells and batteries. The plant will be set up later this year at Coral Bay Nickel Corp., a subsidiary on Palawan Island that produces nickel-cobalt mixed sulfide from minerals, which also contain a trace amount of scandium.

Supply Chain Management Concerns And Solutions, Part 1

March 12, 2013 9:00 am | Articles | Comments

Top supply chain issues facing manufacturers today are a result of the globalization of supply networks and the associated volatility, complexity and risk. Global supply chains are faced with volatility relative to raw materials, energy and commodities, compounded with a lack of understanding of where demand is coming from.

U.S. Relaxes Export Controls On Some Military Parts

March 11, 2013 10:15 am | by Josh Lederman, Associated Press | News | Comments

Taking its first concrete step to streamline outdated restrictions on military exports, the U.S. moved to make it easier for American companies to sell aircraft equipment and parts to overseas customers. The goal is to simplify the export process for U.S. manufacturers competing in the global market by treating non-sensitive products differently than things like jet fighters and missile launchers.

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Gardner Denver Agrees To $3.73B Sale

March 8, 2013 10:30 am | by The Associated Press | News | Comments

Industrial pump maker Gardner Denver said Friday that it has agreed to sell itself to Kohlberg Kravis Roberts & Co. for about $3.73 billion. Under the terms of the agreement, the New York-based private equity firm will acquire the Wayne, Pa.-based company for $76 per share.

Countdown To REACH — Complying With Document Delivery Challenges

March 8, 2013 9:27 am | by Malcolm Carroll, Director, Reach Delivery | Articles | Comments

The aim of REACH is to improve and ensure the safe use of chemicals, and the one of the things that REACH does is make all parties in the supply chain — from manufacturers, distributors through to downstream users — directly responsible for the safety of the chemical substances they handle.

Manufacturing's Next Chapter

March 4, 2013 3:00 pm | by GEreports | Videos | Comments

At The Atlantic's event, leading experts talk about what they think are the main challenges of manufacturing and the way forward for the U.S. manufacturing industry. Leaders talk about lasers, programming our physical world and beyond. Jamie Tarabay from Ideas Laboratory reports.

Hostess Picks Grupo Bimbo To Buy Beefsteak Bread

March 1, 2013 4:41 pm | by The Associated Press | News | Comments

Hostess is choosing Mexico's Grupo Bimbo as the buyer for its Beefsteak bread brand. Hostess said a $31.9 million bid by the maker of Entenmann's cakes beat out another offer by Flowers Foods, which makes Tastykakes and Nature's Own bread. Beefsteak is a regional rye bread available in some states.

Danfoss To Buy The Rest Of Sauer-Danfoss For $692M

March 1, 2013 4:41 pm | by The Associated Press | News | Comments

Danfoss A/S, a Danish maker of valves and other machine parts, will buy the rest of U.S. company Sauer-Danfoss it doesn't already own for about $692 million after raising its offer. Danfoss owns 75.6 percent of Sauer-Danfoss Inc., which makes parts for tractors, backhoe loaders and other agricultural and construction equipment.

A Closer Look: Eaton’s 4Q With Partial Cooper Numbers

March 1, 2013 8:00 am | by Jack Keough, Contributing Editor, Industrial Distribution | Blogs | Comments

Industry analysts and manufacturers were eagerly waiting Eaton’s 4Q reporting as the diversified international manufacturer showed the partial results of its $13.2B acquisition of Cooper Industries. Eaton CEO, Alexander M. “Sandy” Cutler, had warned analysts last quarter that the reporting would be “complex” because the results would show only one month’s (December) numbers of Cooper on its 4Q report.

AL Looks To Limit Lawsuits For Airbus Suppliers

February 27, 2013 10:09 am | by Phillip Rawls, Associated Press | News | Comments

Now that Alabama is getting an Airbus manufacturing plant, state lawmakers want to prevent Airbus suppliers from setting up shop in neighboring states where it's not as easy for them to be sued. House and Senate committees voted unanimously Tuesday for legislation to limit lawsuits involving large commercial planes made in Alabama.

Moving To Cloud ERP: Three Strategic Reasons

February 27, 2013 8:08 am | by Kenandy Inc. | Articles | Comments

Product companies are facing significant challenges. Complex global supply chains have become the norm. Social data has changed the way people communicate. Supply chain velocity has exploded. Shorter order runs, compressed innovation cycles, faster decision making, on the spot judgment calls: companies have no choice but to move faster.  

Barnes To Sell Distribution Business For $550M

February 22, 2013 2:10 pm | by The Associated Press | News | Comments

Barnes Group Inc., which makes parts for aerospace and other industries, said Friday that it will sell its North American distribution business to MSC Industrial Direct Co. for $550 million. Shares of both companies rose on the news. Barnes Group also named a new chief executive officer and reported improved fourth-quarter earnings.

Integration For Strategic Sales And Operations Planning

February 22, 2013 8:08 am | by Shaun Phillips, product manager, sales and operations planning (S&OP), Infor | Articles | Comments

Few business leaders would argue that the ability to predict demand with precision is critical to the future success of their organization.  Surely, every CEO in the world would love the real world equivalent of a crystal ball?

Sustainability And The Supply Chain: How To Reduce Cost And Save The Environment

February 22, 2013 8:00 am | by Yves Leclerc, West Monroe Partners | Articles | Comments

From corporate offices to clothing manufacturers, most industries have begun to seriously invest in sustainability. As customers become increasingly aware of the conditions in which the products they buy are made and transported, organizations should pay closer attention to transforming their own supply chains for a greener good.

Rio Tinto Delays Production At UP Nickel Mine

February 20, 2013 1:41 pm | by The Associated Press | News | Comments

Company officials say they'll delay the start of nickel and copper production at the Rio Tinto Eagle Mine in Marquette County because of the economic situation and volatile commodities markets. Rio Tinto is continuing to build the mine and had planned to begin extracting minerals in early to mid-2014.

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