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Today in Manufacturing

Daily news and top headlines for manufacturing professionals

China Holdings To Buy Precision Machinery Firm

July 21, 2008 6:00 am | by Edited by Manufacturing.net Staff | Comments

Bright World Precision Machinery Limited, a Chinese manufacturer of metal stamping machines, will be acquired by Chinese Holdings for approximately $263 million.

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Latrobe Specialty Steel Workers Agree On Contract

July 21, 2008 5:50 am | Comments

Labor dispute that began May 1 at Latrobe Specialty Steel is ending now that workers have narrowly approved a contract.

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Consumers Change Spending Habits, But Will It Last?

July 21, 2008 5:35 am | by Anne D'Innocenzio, AP Business Writer | Comments

Retailers, marketers and investors are all trying to figure out which habits shoppers will keep and which will they drop when the economy recovers.

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WTO Rules Against China In Car Parts Dispute

July 21, 2008 5:25 am | by Bradley S. Klapper, Associated Press Writer | Comments

World Trade Organization agreed with the U.S., EU and Canada that China was breaking trade rules by taxing auto parts imports at the same rate as foreign-made finished cars.

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VW Global Sales Up Nearly 6 Percent

July 21, 2008 5:19 am | by George Frey, AP Business Writer | Comments

Volkswagen said it achieved record global sales in the first half of the year on strong demand in India, Russia and China, delivering nearly 3.3 million vehicles.

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Norwalk Furniture Idles Two Plants

July 21, 2008 5:16 am | Comments

Furniture maker has suspended operations at plants in Ohio and Tennessee, due to a slowing economy and changes in the furniture industry.

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Food Factory To Close In New Mexico

July 21, 2008 5:15 am | Comments

Proper Foods factory that freezes and packs food in Deming, N.M., will be closing, affecting about 130 employees.

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InBev's Brito A 'No-Frills' Leader

July 21, 2008 5:05 am | by Aoife White, AP Business Writer | Comments

Carlos Brito, chief executive of brewer InBev SA, says he doesn't care for perks -- and neither should the people who work for him.

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Roche Bids $43.7 Billion For Genentech

July 21, 2008 5:02 am | by Alexander G. Higgins, Associated Press Writer | Comments

Swiss drugmaker offered to buy the remaining shares of its U.S. biotech partner to boost its stature in the market for drugs to fight cancer and other diseases.

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Anheuser Vows To Keep Sports Marketing

July 18, 2008 1:55 pm | by Emily Fredrix, AP Business Writer | Comments

Sports accounts for two-thirds of Anheuser-Busch's overall marketing, but new owner InBev's reputation as a cost-cutter raised speculation that the budget could get the ax.

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Auto Supplier Warns It May Shut Down

July 18, 2008 8:25 am | Comments

Battered by rising oil prices and anxious creditors, Blue Water Automotive Systems says it could go under within 90 days.

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EU Exports Rise Just 4 Percent In 1 Year

July 18, 2008 6:50 am | Comments

Euro nations bought more foreign goods than they sold in May as a strong euro undermined exports and high oil prices inflated imports.

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German Producer Prices At 26-Year High

July 18, 2008 6:45 am | Comments

Pushed up by steep increases in oil and energy costs, producer prices accelerated to 6.7 percent in June, the highest level since March 1982.

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Distributors Worry About Anheuser-Busch Sale

July 18, 2008 6:40 am | Comments

Some wholesale distributors of Anheuser-Busch products are concerned about a backlash now that the American brewery is being sold to Belgian-based InBev.

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Plastics Supplier A. Schulman Raising Prices

July 18, 2008 6:35 am | Comments

A. Schulman Inc. will raise prices by as much as 20 percent in three different business units to offset ballooning costs for raw materials and energy.

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Fiat, Cummins End Joint Venture

July 18, 2008 6:35 am | Comments

Cummins and units of Fiat Group SpA said Friday they will end their diesel engine joint venture European Engine Alliance.

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Sony Ericsson To Cut 2,000 Jobs

July 18, 2008 6:32 am | Comments

Mobile phone maker Sony Ericsson says it will slash 2,000 jobs worldwide within the next 12 months to cut costs.

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Pratt & Whitney Awarded 4 Contracts Totaling $912M

July 18, 2008 6:00 am | Comments

United Technologies unit received four contracts worth a combined $912 million to provide engines for several airlines and aircraft leasing companies.

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Parker Aerospace Wins Bombardier $3.5B Contract

July 18, 2008 5:55 am | Comments

Bombardier has awarded a unit of Parker Hannafin a contract worth up to $3.5 billion over 10 years to supply flight control systems for Bombardier aircraft.

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Chemical Accident At German Plant Injures 81

July 18, 2008 5:50 am | Comments

Robert Bosch GmbH says 81 workers at its Bamberg plant were taken to hospitals following an apparent chemical accident at its car parts factory in southern Germany.

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