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Daily news and top headlines for manufacturing professionals

Mexico's Auto Exports Jump 33 Percent

February 11, 2008 7:54 am | News | Comments

Mexican Auto Industry Association said exports jumped 33 percent in January, while production rose by nearly 26 percent compared with the same time period in 2007.

Report: Nortel, Motorola In Wireless Network Talks

February 11, 2008 5:41 am | News | Comments

Purported discussions of a joint venture in wireless network infrastructure a response to slowing growth in the telecommunications equipment industry.

Ford Offers $140K Buyout To ACH Workers

February 11, 2008 5:40 am | by David Runk, Associated Press Writer | News | Comments

Ford’s Monroe, Mich.-based Automatic Components Holdings plant offers workers $140,000 if they leave the automaker to take jobs with the new owner of the business.

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Natus Medical Plans To Restructure

February 11, 2008 5:20 am | News | Comments

Medical device maker said it will consolidate some operations and cut staff in restructuring plan to reduce costs.

AbitibiBowater To Sell Arizona Newsprint Mill

February 11, 2008 4:55 am | News | Comments

Paper and wood manufacturer agrees to sell its Snowflake, Ariz. mill to Catalyst Paper for $161 million as part of government buyout terms.

Poll: U.S. Is In The Grips Of A Recession

February 11, 2008 4:54 am | by Jeannine Aversa, AP Economics Writer | News | Comments

Sixty-one percent of the public believes the economy is now suffering through its first recession since 2001, according to an Associated Press-Ipsos poll.

Mars, Nestle Suspected Of Price-Fixing

February 11, 2008 4:48 am | News | Comments

German Federal Cartel Office raided the offices of seven candy and chocolate makers amid allegations of a conspiracy to fix prices.

Hundreds May Relocate For GM Jobs

February 11, 2008 4:45 am | News | Comments

About 400 people who worked at Indiana plant before it closed last year are eligible for positions at other GM factories, such as a Kansas assembly plant that has 300 openings.

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Maker Of Latex-Free Surgical Gloves Goes Under

February 11, 2008 4:41 am | News | Comments

ECI Medical Technologies had 50 employees last fall with a payroll of more than $1.4 million, but only had eight employees when it closed its doors last Thursday.

Georgia Frozen Food Plant To Close

February 11, 2008 4:25 am | News | Comments

Cincinnati-based Pierre Foods Incorporated is shuttering its Cedartown, Georgia, frozen food plant; 153 employees affected.

Manufactured Home Plant Destroyed By Fire

February 11, 2008 4:18 am | News | Comments

No workers were present when the fire began early Friday at the Champion Enterprises factory; facility is a total loss.

Dealer Says Chrysler To Cut Models, Dealerships

February 8, 2008 7:01 am | by Jeff Karoub, AP Business Writer | News | Comments

Automaker plans to significantly reduce its product lineup and number of dealerships as it rolls out a new corporate initiative, a Chrysler dealer in Texas said Friday.

Analysts Predict Downturn In Luxury Vehicle Sales

February 8, 2008 5:40 am | by Dee-Ann Durbin, AP Auto Writer | News | Comments

Despite introducing new vehicles, some automakers and analysts predict luxury sales will fall this year as the U.S. economic woes put a pinch on high-end buyers.

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Merck Paying $671 Million To Settle Marketing Case

February 8, 2008 4:41 am | by MaryClaire Dale, Associated Press Writer | News | Comments

Drug maker. paying to settle claims that it overcharged Medicaid programs for four drugs, including Vioxx and Zocor, and to resolve allegations of improper marketing to doctors.

Terra Industries Restarting Ammonia Production

February 8, 2008 4:37 am | News | Comments

Increased demand for fertilizer is driving Terra to restart annual production of 400,000 tons of ammonia later this year in a $10 million expansion at Donaldsonville, La.

Canada’s Economy Gains 46,400 New Jobs

February 8, 2008 4:30 am | by Julian Beltrame, Canadian Press | News | Comments

Strong jobs data lends some credence to the view that the Canadian economy is faring better than its U.S. counterpart, says economist.

Consumer Confidence Sinks To Record Low

February 8, 2008 4:26 am | by Jeannine Aversa, AP Economics Writer | News | Comments

According to the RBC Cash Index, a new reading in early February was the worst since the index began in 2002 and surpassed the previous low reached in January.

Polaroid Closing Last Film Plants

February 8, 2008 4:14 am | News | Comments

Company that pioneered instant photography is getting out of the film business to focus on digital imaging.

Newsprint Giant Norske Skog Cuts Production

February 7, 2008 6:20 am | News | Comments

Norske Skog will slash production by 504,000 tons annually, shut down one paper machine in Norway, and close mills in the Czech Republic and South Korea.

U.S. Retailers Report Disappointing January Results

February 7, 2008 6:10 am | by Anne D'Innocenzio, AP Business Writer | News | Comments

America's retailers delivered more evidence of a stumbling U.S. economy Thursday, as merchants including Wal-Mart Stores Inc. reported weak January results.

Bittersweet: Russell Stover Announces Layoffs

February 7, 2008 5:56 am | News | Comments

Candy maker blames the 150 layoffs on rising costs for raw materials and the company's need to reduce costs to remain competitive in the marketplace.

A. Schulman Closing Canadian Plant

February 7, 2008 5:06 am | News | Comments

Plastics and resins maker will close a Canadian plant and seek a buyer for a Texas facility to offset expected pressures from high oil prices and poor auto sales in 2008.

Pratt & Whitney Canada To Build Cessna Jet Engines

February 7, 2008 5:00 am | by Ross Marowits, CP | Pratt & Whitney, Boeing, United Technologies Corp. | News | Comments

Pratt & Whitney expects to create hundreds of jobs after winning the largest contract in its history, supplying a new generation of jet engines for Cessna's largest business aircraft.

Perry Manufacturing Eliminating 150 Jobs

February 7, 2008 4:56 am | News | Comments

Manufacturing company founded in Mount Airy, N.C., more than 50 years ago laying off 149 people at a manufacturing plant and a small distribution center.

Chrysler Parts Supplier Seeks Loan To Stay Afloat

February 7, 2008 4:50 am | by David Mclaughlin, Dow Jones Newswires | News | Comments

Plastech Engineered Products, which filed for bankruptcy protection last week, is seeking $38 million from pre-bankruptcy lenders to keep the company running until next week.

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