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Today in Manufacturing

Daily news and top headlines for manufacturing professionals

Rock-Tenn Raising Paperboard Prices

July 7, 2008 5:00 am | Comments

Paperboard packaging maker said Monday its paperboard division will boost its prices on all coated and uncoated recycled paperboard by $50 per ton.


Analysts: Future Bleak For Detroit Automakers

July 3, 2008 1:00 pm | Comments

GM might need to raise $10 billion, Ford could be forced to sell Volvo and Chrysler may have few if any options by late next year, suggested JPMorgan analysts.


Myers Raising Prices, Cites Rising Energy Costs

July 3, 2008 8:20 am | Comments

Rubber and plastics maker said it plans additional price increases across its business segments beginning in mid-July to offset escalating raw material and energy costs.


AK Steel Adds Surcharge To Electrical Products

July 3, 2008 8:10 am | Comments

Company said its surcharges are based on reported prices for raw materials and energy used to manufacture the products.


Lockheed Martin Eliminating Up To 100 Jobs

July 3, 2008 8:10 am | Comments

Defense contractor plans to lay off up to 100 workers from its aircraft refurbishing facility in South Carolina.


American Of Martinsville Cutting 400 Jobs

July 3, 2008 8:05 am | Comments

Furniture maker plans to eliminate more than half of the work force and end most wood furniture production at its Martinsville, Va., plant by late summer.


U.S. Okays BHP Billiton Bid For Rio Tinto

July 3, 2008 8:05 am | Comments

Global mining company said Thursday that U.S. antitrust regulators had granted partial approval for its $170 billion hostile takeover bid for rival Rio Tinto.


GE Aviation Buys Walter Engines

July 3, 2008 7:57 am | Comments

Czech-based manufacturer of small turboprop engines and machined parts for the aviation industry acquired by General Electric's aviation unit.


Rookie Bids For $3B Toronto Light-Rail Contract

July 3, 2008 6:20 am | by Matthew Campbell, Canadian Press Writer | Comments

Britain's TRAM Power, which has just 100 employees and has never built an in-service streetcar, is one of two vying for a $3-billion contract to produce almost 600 light-rail vehicles.


Canadian Auto Parts Maker Closes 11 Plants

July 3, 2008 6:20 am | by Ciara Byrne, Canadian Press | Comments

Progressive Moulded Products, maker of plastic instrument panels, confirmed the shutdown of 11 small plants, costing 2,000 jobs.


FY 2008 Chip-Making Equipment Sales Expected To Drop

July 3, 2008 6:15 am | Comments

Sales of semiconductor production equipment in Japan are expected to decrease in fiscal 2008 for the first time in six years after setting an all-time high in fiscal 2007.


SKorean President Calls For End To U.S. Beef Dispute

July 3, 2008 6:10 am | by Hyung-Jin Kim, Associated Press Writer | Comments

President Lee Myung-bak said he would not tolerate illegal, violent protests against U.S. beef imports, but would listen more carefully to public opinion at peaceful rallies.


Laid-Off Workers Block Canadian Plant’s Main Gate

July 3, 2008 6:10 am | Comments

Employees laid off from Federal Gypsum blocked the gate for 4 hours before extracting promises from the company and a creditor that they hope will prevent the need for further blockades.


Honda Grows While U.S. Automakers Decline

July 3, 2008 6:00 am | by Tom Krisher, AP Auto Writer | Comments

Number 2 Japanese automaker never put both feet into the U.S. truck market, instead focusing on slow-but-steady growth with its popular, fuel-efficient cars.


GM Shares Drop Below $10

July 3, 2008 5:45 am | by Bree Fowler, AP Business Writer | Comments

Shares fell Wednesday to close below $10 for the first time in more than half a century, on worries over the company's cash needs and speculation of a possible bankruptcy protection filing.


Brazilian Denim Maker To Build Plant In Texas

July 3, 2008 5:44 am | Comments

Santana Textiles, world’s fifth-largest denim producer, will open its first U.S. manufacturing plant in Edinburg, Texas, that will create 800 jobs.


Paulson Warns No Quick Fix For Oil Prices

July 3, 2008 5:35 am | by David Stringer, Associated Press Writer | Comments

Treasury Secretary said the U.S. urgently needs to end its addiction to oil, reduce dependence on foreign energy imports and promote investment in renewable alternatives.


Oil Prices Near $146 A Barrel

July 3, 2008 5:30 am | by Pablo Gorondi, Associated Press Writer | Comments

Expectations that the European Central Bank will raise interest rates later Thursday could further weaken the U.S. dollar and drive oil prices even higher.


Lead Paint Ruling Dims Hope Of Quick Cleanup

July 3, 2008 5:30 am | by Eric Tucker, Associated Press Writer | Comments

Rhode Island officials say ruling means they'll have to rely on a more piecemeal approach to fighting lead poisoning than the sweeping fix they hoped the cleanup would provide.


U.S. Loses Jobs For Sixth Straight Month

July 3, 2008 5:25 am | by Jeannine Aversa, AP Economics Writer | Comments

Unemployment rate held steady at 5.5 percent; most job losses in construction, manufacturing and financial services, along with cutbacks in retailing.



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