Billion-dollar complex will carry out the entire shipbuilding process from cutting steel and engine assembly to block manufacturing.
By Amy Radishofski, Staff Reporter, Manufacturing.net China’s reputation as a top exporter has been badly bruised amid a series of product safety issues. Although it is working to repair the damage, there may be bigger problems ahead.
Unemployment rate of 5.1 percent the highest since September 2005, when significant job losses followed the devastating blows of Gulf Coast hurricanes.
Custom door and window maker in Lincoln has laid off 23 workers while investors in Window Technologies try to find new financing for the business.
Chemical maker will sell its 40 percent stake in UP Chemical Co. to Woori Consortium for $112 million.
Private equity firm GS Capital Partners walked away from its plans to buy the rubber and plastics maker, a deal valued at $1.1 billion.
Private equity group terminated its agreement to invest $2.55 billion in the auto parts supplier; loss of the deal puts Delphi's plan to exit bankruptcy at risk.
Stankiewicz International will open a manufacturing plant in Vance, Ala., creating more than 180 new jobs over the next three years.
A.O. Smith Water Products announced a voluntary recall of natural and propane gas water heaters due to fire and carbon monoxide hazards.
Additional layoffs bring the beleaguered cell phone maker's total employee cuts to more than 10,000 since last year.
Japan's top maker of steel girders has stopped exports with the strong yen and soaring steel scrap prices cutting into profit.
Diversified manufacturer to buy the Oak Brook, Ill-based company for $1.2 billion to expand its life safety product offerings.
Growth in India and China will keep driving the global economy despite a slump in the United States, India's commerce minister said.
Daimler's heavy truck subsidiary plans to lay off about half the workers at its truck manufacturing plant in Cleveland, North Carolina.
Company voluntarily recalled some orthopedic surgical products made at its Dover, Ohio, plant after determining they do not meet internal quality standards.
Going back to college and a cottage on the lake may be on the agenda for the 60-year old now former employee -- but he says he won't be buying a foreign vehicle.
German manufacturing orders dropped 0.5 percent in February from the previous month due to weaker foreign demand.
Shortage of hops has left smaller brewers unable to buy the key beer ingredient, but Boston Beer Co., the maker of the Samuel Adams brand, agreed to share 20,000 pounds of its hops.
Moscow expects to sell at least three submarines to Venezuela in a deal to be inked when President Hugo Chavez visits next month, Russian news media said.