News
SABMiller To Bid $1.2 Billion For Grolsch
November 19, 2007 5:15 am | CommentsWorld's third-largest brewer says the acquisition of second-largest Dutch beermaker will help Miller grow its premium brand business.
Puerto Rico's Pharmaceutical Industry 'Terminally Ill'
November 19, 2007 4:59 am | by Michael Melia, Associated Press Writer | CommentsExperts predict Puerto Rico is in danger of losing its position as a top five global drug-making center unless it offers better incentives and shifts more toward research.
Renault Samsung Unveils First SUV
November 19, 2007 4:50 am | CommentsSouth Korean company expects to sell 100,000 of the new QM5 in 2008, 35 percent at home and 65 percent overseas, doubling vehicle sales.
Quanex Selling Automotive Unit For $1.57 Billion
November 19, 2007 4:44 am | CommentsSale to Brazil steelmaker Gerdeau SA will leave the engineered products maker's building products unit as a standalone business.
Applied Materials Acquires Baccini For $330 Million
November 19, 2007 4:40 am | CommentsSemiconductor equipment maker buying the supplier of automated metallization and test systems for making solar cells to strengthen position in photovoltaic industry.
China Sunergy Making High-Efficiency Solar Cells
November 19, 2007 4:28 am | CommentsCells with higher efficiency rates can produce more energy from fewer panels, but the efficiency of the company's newly-commercialized cells fell below pilot run.
Middleby Buying Foodservice Company New Star
November 19, 2007 4:27 am | CommentsCooking equipment manufacturer paying $188 million for commercial foodservice equipment maker to expand in fast casual dining, bakery-cafe and convenience-store segments.
Samsung Work Force Drops For First Time In 5 Years
November 19, 2007 4:19 am | by Kelly Olsen, AP Business Writer | CommentsOfficials at the electronics manufacturer say the decrease of 1,630 employees in six months is not part of restructuring.
U.S. Trade Rep: Doha Agreement Is Top Priority
November 19, 2007 4:17 am | CommentsSusan Schwab says progress has been made in the areas of agriculture and manufacturing, and she believes a world trade agreement could be reached before Bush leaves office.
Japanese Steel Against BHP Billiton, Rio Tinto Tie-Up
November 19, 2007 4:09 am | by Mari Yamaguchi, Associated Press Writer | CommentsChairman of the Japan Iron and Steel Federation says a melding of two of the largest raw-materials suppliers is undesirable for industrial competition and pricing.
Pitney Bowes Goes Digital, Sheds 1,500 Jobs
November 16, 2007 10:35 am | by Stephen Singer, AP Business Writer | CommentsMail and document-managing company cutting 4 percent of its workforce as it outsources manufacturing work and streamlines management.
GE Aviation Wins $10B In Orders At Dubai Airshow
November 16, 2007 10:26 am | by Edited by Manufacturing.net Staff | CommentsTo meet demand for its GEnx engines, GE will expand jet engine production rates by more than 50 percent in the next three years.
Carbo Ceramics Will Idle Louisiana Plant Production
November 16, 2007 10:25 am | CommentsThe company, which makes substances to boost oil and gas well output, said the decision was based on the rising cost of imported raw material and the small scale of the facility.
Vulcan Materials Acquires Florida Rock
November 16, 2007 10:00 am | CommentsThe $4.2 billion acquisition of the cement and concrete products manufacturer bolsters the construction materials producer's operations in Florida and diversifies its nationwide presence.
Dynamic Materials Buys DYNAenergetics
November 16, 2007 6:45 am | CommentsIndustrial metalworking company bought Germany-based manufacturer of clad metal plates and various explosives-related oil-field products for $96.6 million.
Middle East Firm Buys Stake In Chip Maker AMD
November 16, 2007 5:53 am | CommentsUnited Arab Emirates-based investment firm buys 8.1 percent stake in No. 2 microprocessor maker Advanced Micro Devices for $622 million.
Industrial Production Sees Sharp Drop
November 16, 2007 5:44 am | by Martin Crutsinger, AP Economics Writer | CommentsFederal Reserve says output fell by 0.5 percent in October — the largest amount in nine months — reflecting a drop in utility output and troubles in autos and housing industries.
More EU Exports Can't Stem China Trade Deficit
November 16, 2007 5:36 am | CommentsEurope's exports were up 15 percent, but Chinese exports rose by 22 percent, increasing the gap to $146.7 billion.
Ford Selling Michigan Interiors Plant
November 16, 2007 5:28 am | CommentsAuto parts maker Johnson Controls says its purchase is contingent on negotiating a competitive labor agreement with the United Auto Workers.
Technology Outsourcing Booms In China
November 16, 2007 5:25 am | by Joe McDonald, AP Business Writer | CommentsBeijing is eager to raise China's status from low-skilled factory labor to higher-paid technology jobs; 15 year outsourcing base plan promises tax breaks and aid to high-tech businesses.
