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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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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