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Today in Manufacturing

Daily news and top headlines for manufacturing professionals

Samsung Boosts Investment To $27.9 Billion

April 28, 2008 5:20 am | by Kelly Olsen, AP Business Writer | Comments

South Korean conglomerate announces its largest ever investment plan and said it would increase hiring a week after the long-serving chief announced his resignation.

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Homeland Security's Illegal Worker Proposal Questioned

April 25, 2008 12:25 pm | by Suzanne Gamboa, Associated Press Writer | Comments

Government's plan to crack down on illegal workers could cost employers more than $1 billion a year and legal workers billions in lost wages, a study says.

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Demand For Small Cars, Crossovers On The Rise

April 25, 2008 12:15 pm | by Dee-Ann Durbin and Tom Krisher, AP Auto Writers | Comments

As gas prices marched higher and now top $3.50 per gallon across the nation, car buyers increasingly are abandoning SUVs and pickups in favor of smaller crossovers and cars.

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Weyerhaeuser Shutting Down Canadian Plant

April 25, 2008 12:05 pm | Comments

Forest products company will permanently close its oriented strand board plant in New Brunswick effective June 6, blaming the slowdown in the U.S. housing market.

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Black & Decker To Close Arkansas Plant, Lay Off 700

April 25, 2008 11:55 am | Comments

Toolmaker will lay off 700 employees and close its pressure washer plant in Arkansas in the wake of a disappointing quarterly report.

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Strike Blamed For American Axle Losses

April 25, 2008 11:53 am | by Tom Krisher, AP Auto Writer | Comments

American Axle reported a $27 million first-quarter loss as executives repeated threats to move production elsewhere if they can't reach a deal to end a two-month strike by the United Auto Workers.

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Citation Closing Aluminum Factory

April 25, 2008 11:50 am | Comments

Michigan-based Citation will close a Butler, Ind., aluminum factory in July to focus on its iron business.

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Consumer Confidence Lowest In 26 Years

April 25, 2008 7:15 am | by Tim Paradis, AP Business Writer | Comments

Reuters/University of Michigan consumer sentiment index came in at 62.6 for April, down from 69.5 a month earlier -- and the lowest reading since the early 1980s.

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Analysts: Southern States More Likely To Win VW Plant

April 25, 2008 7:00 am | by Ken Thomas, Associated Press Writer | Comments

Tennessee and Alabama should be favored over Michigan to land a new Volkswagen assembly plant, based on the auto industry's ongoing migration into the Sun Belt.

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Bush Says Stimulus Checks Should Help Economy

April 25, 2008 6:58 am | Comments

President Bush acknowledged that the U.S. economy is weakening, but expressed hope that tax rebates that will start going out on Monday should help shore things up.

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Tetra Begins Building Arkansas Chemical Plant

April 25, 2008 6:45 am | Comments

New $100 million chemical plant in El Dorado will produce calcium chloride and employ about 50 people when it opens next year.

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Poultry Plant Bringing 1,500 Jobs To North Carolina

April 25, 2008 6:30 am | Comments

Mississippi-based poultry company will build a new processing plant, feed mill and hatchery in Kinston, creating 1,500 new jobs.

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Scotts: Worker Violated Pesticide Registration Policies

April 25, 2008 6:25 am | Comments

Former employee violated product registration policies at a lawn and garden company that has been ordered by the EPA to stop selling unregistered and mislabeled pesticides.

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Striking Workers Rally Outside American Axle Meeting

April 25, 2008 6:16 am | by David Runk, Associated Press Writer | Comments

Hundreds of United Auto Workers members rallied outside the annual shareholders meeting, blocking traffic, carrying picket signs and jeering vehicles carrying people to the meeting.

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Imported Chainsaws Violated U.S. Pollution Laws

April 25, 2008 6:10 am | Comments

About 200,000 chainsaws violated air pollution laws, the Justice Department said, costing a Taiwanese manufacturer and three U.S. companies $2 million in fines.

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GM Avoids Two Strike Deadlines

April 25, 2008 6:10 am | by Tom Krisher, AP Auto Writer | Comments

Threatened strikes by United Auto Workers locals at plants in Kansas and Michigan have been postponed because contract talks are making progress.

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Whirlpool: Profits Tumble, Worst Market In 30 Years

April 25, 2008 6:00 am | by James Prichard, AP Business Writer | Comments

Home appliance maker called it the toughest economic market in three decades, with costly materials and weak U.S. demand contributing to a nearly 20 percent drop in 1Q profits.

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Japanese Consumer Prices Rise At Record Clip

April 25, 2008 5:56 am | Comments

Consumer prices rose at their fastest pace in a decade in March due to sharp increases in energy and food costs, the government said Friday.

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Toshiba's Profit Falls 95 Percent On HD DVD Losses

April 25, 2008 5:51 am | Comments

Japanese electronics maker's net profit plummeted 95 percent in the January-March quarter due to losses related to its exit from the next-generation video HD DVD business.

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Kennametal To Cut Work Force, Close Plants

April 25, 2008 5:40 am | Comments

Part of a restructuring plan that could eventually save the company $25 million a year, industrial toolmaker plans to cut its work force by 3 percent within 18 months.

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