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Daily industrial news and top headlines for plant and maintenance managers

China Denounces U.S. Sanctions Against Companies

February 12, 2013 10:23 am | by The Associated Press | News | Comments

China on Tuesday denounced U.S. sanctions against a leading state arms maker and other companies over alleged illicit dealings with North Korea, Syria and Iran. The U.S. State Department on Monday said that Poly Technologies Inc. is among companies barred from dealing with the U.S. government or purchasing U.S. military hardware for two years.

HP Sets Labor Guidelines For Chinese Suppliers

February 11, 2013 2:30 pm | by The Associated Press | News | Comments

Hewlett-Packard Co., the world's largest personal computer maker, is vowing to crack down on its Chinese suppliers in an effort to reduce the use of low-paid student interns and other temporary workers. The guidelines unveiled Friday are the latest attempt by a major U.S. technology company to weed out labor abuses at Chinese factories that manufacture the gadgets for an Internet-connected world.

Reliance Buying Metals USA For About $766.1M

February 6, 2013 2:00 pm | by The Associated Press | News | Comments

Reliance Steel & Aluminum Co. is buying Metals USA Holdings Corp. for about $766.1 million. Reliance, which processes metals and distributes about 100,000 metal products, said Wednesday that it will pay $20.65 per Metals USA share. That's a 13 percent premium to Tuesday's closing price of $18.30.

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Jamaica Breaks Ground On Rare-Earth Project

February 5, 2013 10:11 am | by David McFadden, Associated Press | News | Comments

Jamaican and Japanese officials on Monday launched a pilot project designed to investigate whether rare-earth elements can be commercially extracted from the island's bauxite waste. Researchers with Japan's Nippon Light Metal Co. Ltd. believe they have found high concentrations of rare-earth elements in the island's red mud, a byproduct of bauxite refining into alumina, the basic material for manufacturing aluminum.

Oracle To Buy Acme Packet For About $2.1B

February 4, 2013 1:39 pm | by The Associated Press | News | Comments

Oracle will buy Acme Packet Inc., which makes equipment for telecommunications companies, for about $2.1 billion. Acme's gear is used by more than 1,900 service providers and enterprises around the world. Its technology will complement Oracle's offerings for telecoms providers, said Citigroup analyst Walter Pritchard.

Kodak Completes Sale Of Digital Patents

February 4, 2013 10:07 am | by The Associated Press | News | Comments

Eastman Kodak Co. said Friday that it has completed the sale of its digital imaging patents for net proceeds of $527 million. The deal will help the struggling photo company repay loans and emerge from bankruptcy protection, which it expects will happen during the middle of this year. The company said it received final court approval last week for interim and exit financing.

Daimler Buys Stake In Chinese Automaker BAIC

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

German luxury automaker Daimler AG said Friday it is buying a stake in the passenger car unit of its main Chinese partner to expand its presence in the world's biggest auto market. Daimler said it will pay 640 million euros ($875 million) for 12 percent of BAIC Motor, a unit of Beijing Automotive Industries Corp., with which it manufactures Mercedes Benz cars.

Fiat Industrial Sees Growth From U.S. Unit Merger

February 1, 2013 10:20 am | by Colleen Barry, AP Business Writer | News | Comments

Italian heavy-duty vehicles maker Fiat Industrial reported a 20 percent increase in fourth quarter profit Thursday and forecast revenue would increase 5 percent in 2013 as it completes the full merger with its U.S.-based farm and construction equipment maker, CNH.

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Elliott

A New Industrial Revolution

January 31, 2013 3:08 pm | by Rachel Leisemann Immel, Associate Editor, IMPO | Articles | Comments

Pennsylvania is a growing energy leader in the United States, becoming a net exporter of natural gas in 2011. They have seized opportunities the Marcellus Shale boom has provided, and expanded into global leaders in natural gas—and are making the region known for its industrial innovation and talent, truly fueling a new industrial revolution.

Bankruptcy Judge To Grant Beechcraft Plan

January 31, 2013 2:06 pm | by Tom Hays, Associated Press | News | Comments

A bankruptcy judge signaled Thursday that he's close to signing off on a reorganization plan for Kansas aircraft-maker Hawker Beechcraft. "Assuming I don't have a problem with it, I'll approve it," Judge Stuart Bernstein said as he reviewed a draft plan with lawyers at a federal bankruptcy court in Manhattan.

Hostess Picks Lead Bidders For Twinkies

January 31, 2013 2:01 pm | by Candice Choi, AP Food Industry Writer | News | Comments

Hostess has picked a lead bid for its famous Twinkies. The bankrupt company said it selected a joint offer from two investment firms — Metropoulos & Co. and Apollo Global Management LLC — as the lead bid for its Twinkies and other snack cakes. Hostess says the two are teaming to on $410M bid for the snack-cake business and five bakeries.

Hostess Set To Announce Bidder For Twinkies

January 30, 2013 10:29 am | by Candice Choi, AP Food Industry Writer | News | Comments

The indestructible Twinkie appears to be one step closer to a comeback. Hostess Brands is close to announcing that it has picked two investment firms — C. Dean Metropoulos & Co. and Apollo Global Management — as the lead bidders for its Twinkies and other snack cakes, according to a source close to the situation who was not authorized to comment publicly on the talks.

Wanxiang Says Panel Approves A123 Sale

January 29, 2013 1:54 pm | by Randall Chase, AP Business Writer | News | Comments

Chinese auto parts conglomerate Wanxiang Group Corp. says a federal panel has approved its purchase of most assets of failed battery maker A123 Systems Inc. Wanxiang said Tuesday that the Committee for Foreign Investment in the United States (CFIUS) approved the $257 million deal.

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Hostess Picks Little Debbie Maker For Drake's

January 29, 2013 10:17 am | by Candice Choi, AP Food Industry Writer | News | Comments

Hostess has picked the maker of Little Debbie as the lead bidder for its Drake's cakes. According to a filing in U.S. bankruptcy court, McKee Foods has offered $27.5 million in cash for the cake brands, which include Devil Dogs, Funny Bones and Yodels. The fate of Twinkies and other Hostess cakes are still being negotiated with other bidders.

Rare-Earth Elements Mine Possible In Alaska

January 28, 2013 1:54 pm | by The Associated Press | News | Comments

An Alaska company has set its sights on developing a rare-earth element mine by 2016 on southeast Prince of Wales Island. Ucore Rare Metals' proposed Bokan Mountain Project could begin construction in 2014 with the proper permits, The Ketchikan Daily News reports.

Climate Threat

New Research Indentifies Major Climate Threat To Global Supply Chains

January 28, 2013 8:08 am | by CDP & Accenture | Articles | Comments

Seventy percent of companies believe that climate change has the potential to significantly affect their revenue, a risk which is intensified by a chasm between the sustainable business practices of multinational corporations and their suppliers, according to research published today by the Carbon Disclosure Project and Accenture.

Belkin To Buy Linksys Router Maker From Cisco

January 25, 2013 9:58 am | by The Associated Press | News | Comments

Belkin, a maker of smartphone cases and computing accessories, said Thursday that it is buying the home networking business unit of Cisco, including the Linksys router brand. Privately held Belkin, based in Playa Vista, Calif., did not disclose the purchase price, nor did Cisco Systems Inc. The deal is expected to close in March.

RFID solutions

Keep Track Of Your Assets

January 25, 2013 8:00 am | by Adebayo Onigbanjo, Product Marketing Manager – Location Solutions (LS), Zebra Technologies | Articles | Comments

Global manufacturers are constantly looking for ways to make their operations more agile, efficient and profitable. A smart way to reach those goals is to realize the most value from every asset in its supply chain. Barcoding, passive and active RFID, and Real-Time Locating System (RTLS) solutions can be used to make smart business decisions that will help improve operational performance.

Republic Airways Buys Jets From Brazil's Embraer

January 24, 2013 2:07 pm | by The Associated Press | News | Comments

Brazilian planemaker Embraer said Thursday it signed a contract with Republic Airways Holdings Inc. for the sale of 47 E-175 passenger jets for an estimated US$2 billion. Embraer says in a statement that the agreement includes options for an additional 47 aircraft, which would bring the total value of the deal to approximately US$4 billion.

Wal-Mart Warns Suppliers On Stricter Measures

January 22, 2013 2:04 pm | by Anne D'Innocenzio, AP Retail Writer | News | Comments

Wal-Mart Stores Inc. has alerted its global suppliers that it will immediately drop them if they subcontract their work to factories that haven't been authorized by the discounter. Wal-Mart's stricter measure, along with other changes to its policy, comes amid increasing calls for better safety oversight after a deadly fire at a Bangladesh factory that supplied clothing to Wal-Mart and other retailers.

Reports: Microsoft May Invest In Dell Buyout

January 22, 2013 1:58 pm | by The Associated Press | News | Comments

CNBC and The Wall Street Journal are reporting that the discussions to buy struggling computer maker Dell now include Microsoft as a potential investor. If Microsoft joins in a Dell buyout, CNBC and the Journal say the software maker would contribute $1 billion to $3 billion. That amount would make Microsoft Corp. a minority investor in a complex deal expected to cost $23 billion to $27 billion if it's completed.

Turbulent Times For Boeing & Airbus

January 21, 2013 1:40 pm | by CNN Money | Videos | Comments

CNNMoney's Jim Boulden looks at the pressure and problems Boeing and Airbus have faced in launching their new high-tech airplanes. Airbus' A380 has seen mid-air engine explosions and cracked wings, and now Boeing is dealing with battery - and possibly electrical - issues of its own.

Supplier Benefit

How Business Networks Can Create A Win-Win for Buyers & Suppliers

January 18, 2013 8:08 am | by Siddharth Taparia, Senior Director of Portfolio and Strategic Marketing, SAP | Blogs | Comments

A Business Network contains a suite of network connected and analytic applications and an ecosystem of buyers and suppliers that can use these applications for initiating sourcing relationships, buying products and services and identifying additional opportunities for increasing revenue or saving costs.

Official: Rare-Earth Elements In Jamaica's Red Mud

January 16, 2013 10:04 am | by David McFadden, Associated Press | News | Comments

Jamaica may be able to benefit from newly found deposits of rare-earth elements that are key ingredients for smartphones, computers and numerous other high-tech goods, the Caribbean island's top mining official said Tuesday. Science, Technology, Energy & Mining Minister Philip Paulwell said Japanese researchers believe they have found "high concentrations of rare-earth elements" in the country's red mud, or bauxite residue.

Chinese Buyer Says Solar Firm MiaSole Will Expand

January 9, 2013 10:12 am | by Joe McDonald, AP Business Writer | News | Comments

The Chinese company that bought MiaSole, a California producer of thin-film solar panels, says it can make the emerging technology successful where others have suffered huge losses. Hanergy Group's strong finances will help MiaSole invest in research and ride out a downturn in the global solar market, while its links to customers in China and abroad will help build sales, chairman Li Hejun said Wednesday.

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