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Today in Manufacturing

Daily news and top headlines for manufacturing professionals

Oil Imports Responsible For Rise In Trade Deficit

May 11, 2007 5:30 am | by Martin Crutsinger, Associated Press | Comments

Almost two-thirds of the decline in the deficit reflected a 17.6 percent jump in oil imports, which climbed to $24.6 billion, the highest level in six months, Commerce Dept. figures show.

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JDS Uniphase Acquires Innocor For Undisclosed Price

May 11, 2007 5:15 am | Comments

Fiberoptic telecommunications equipment maker JDSU said it will buy Ottawa-based Innocor for an undisclosed amount.

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UK Manufacturing Output Lackluster, But Steady

May 10, 2007 12:23 pm | by Amy Radishofski, Staff Reporter | Comments

Office for National Statistics paints a stable picture of the industry, despite the lack of shining stars for output.

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Russian Conglomerate Buys $1.54 Billion Stake In Canadian Auto Parts Supplier

May 10, 2007 6:40 am | Comments

Basic Element's voting share in Canadian auto parts supplier will increase its ability to purchase Chrysler.

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Japan Says U.S. Trade Report 'Inaccurate'

May 10, 2007 6:35 am | Comments

Japanese government submitted comments on the "inaccuracies" in the 2007 National Trade Estimate released by the U.S. last month.

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China Oil Company Seeking International Partners For Wind Power Plants

May 10, 2007 6:30 am | by Edited by Andrea Lyn Van Benschoten, Web Editor | Comments

CNOOC is looking to move into wind power plants along China’s coastal regions, according to according to research from Industrial Info Resources.

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DaimlerChrysler Starts Building $67.5 Million Car Plant In India

May 10, 2007 6:25 am | Comments

The plant will produce 5,000 vehicles per year to meet growing demand for luxury cars in India.

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Shut Off Ventilation System Cited As Cause Of Plant Explosion

May 10, 2007 6:23 am | by Amy Radishofski, Staff Reporter | Comments

The U.S. Chemical Safety Board found that the ink and paint plant that exploded last November routinely turned off the ventilation system at night.

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Sematech Moving Its Headquarters From Texas To New York State

May 10, 2007 6:20 am | by Michael Gormley, Associated Press | Comments

The consortium of nanoelectronics manufacturers is investing $600 million in Albany facility; will create 450 jobs.

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Dairy Deal: Crystal Cream & Butter Sold To HP Hood

May 10, 2007 6:18 am | by Edited by Anita LaFond, News Editor | Comments

The 106-year-old company was sold for undisclosed sum; 500 employees will be affected, according to media report.

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Canada Can 'Kiss' Hershey Plants Goodbye

May 10, 2007 6:15 am | by Marc Levy, Associated Press | Comments

Hershey's earnings outlook lowered amid restructuring efforts.

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Dana Seeks Court Approval To Repurchase Two Factories

May 10, 2007 6:13 am | Comments

Auto-parts company wants to spend $7.44 million to buy back plants in Stockton, Calif., and Danville, Ky., from its Dana Credit unit.

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Bye Bye Birdie

May 10, 2007 6:10 am | by Edited by Amy Radishofski, Staff Reporter | Comments

After 49 years, Blue Bird Coach will close in Canada.

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Congratulations, Wyeth, You’ve Been Re-Approved

May 10, 2007 6:05 am | by Edited by Amy Radishofski, Staff Reporter | Comments

Wyeth’s Guayama facility receives positive re-classification following FDA inspection.

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Hillenbrand Industries Plans To Divide And Conquer

May 10, 2007 5:11 am | by Edited by Amy Radishofski, Staff Reporter | Comments

Within nine months, the company will split into two independent publicly traded companies.

Inverness Medical Ups Its Offer for Biosite Buyout To $92.50 Per Share

May 10, 2007 5:10 am | Comments

Latest bid by Inverness rivals Beckman Coulter’s May 2nd bid of $90 per share.

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StockerYale Appoints New Director of R & D

May 10, 2007 5:09 am | by Edited by Anita LaFond, News Editor | Comments

Sylvain Rioux will be based out of StockerYale’s Montreal facility and will be responsible for StockerYale Canada’s R&D projects.

Trade Deficit Increased 10.36 Percent In March, Manufacturing Deficit Holds Steady

May 10, 2007 5:08 am | by Andrea Lyn Van Benschoten, Web Editor | Comments

The total U.S. trade deficit increased 10.36 percent in March, while the U.S. manufacturing deficit remained about the same at $47 billion.

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Who’s In Charge Here?

May 10, 2007 5:07 am | by Edited by Amy Radishofski, Staff Reporter | Comments

HEI CEO resigns to join former client in unrelated industry.

Meggitt Forms New Meggitt Sensing Systems Division

May 10, 2007 5:06 am | by Edited by Anita LaFond, News Editor | Comments

Meggitt merges its aerospace and electronics businesses into new division that has operations in France, Switzerland, Spain, the UK and the U.S.

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