GE Chairman and CEO Jeff Immelt made the announcement Wednesday alongside Gov. Mary Fallin. The company has not yet picked a specific location for the center but says that selection should happen soon. GE says it's evaluating locations with proximity to academic institutions like the University of Oklahoma and the skilled workforce in Oklahoma City.
A federal lawsuit alleges that thieves who broke into an Eli Lilly and Co. warehouse in Connecticut three years ago and stole more than $60 million worth of drugs obtained a copy of a report that revealed weaknesses in the building's security system.
U.S. factories rose sharply in February from January on a surge in demand for volatile aircraft. The gain offset a drop in key orders that signal business investment. The Commerce Department said Tuesday that factory orders increased 3 percent in February.
The Indian subsidiary of Honda Motor Co. said Tuesday it will resume construction of its second auto plant in India, suspended since the 2008-2009 global financial crisis. Honda Cars India Ltd. aims to complete the plant in the western Indian state of Rajasthan next year, and to boost its annual vehicle production capacity in India to 240,000 vehicles.
The move is part of a fast-growing trend among major international pharmaceutical companies to put factories and research centers in emerging markets that the industry increasingly is targeting for growth. Paris-based Sanofi said it plans to spend about $75 million to build the factory in Ho Chi Minh City.
Wildeck, Inc. has responded to consumer requests for a rugged, long-lasting pedestrian crossing gate with the SaferGate, which has been designed for an easy retrofit. According to the company, the self-closing swing gate installs in minutes on new or existing Wilgard double or triple guard rail columns.
A food processing and distribution company is planning to expand a plant in western Georgia and looks to create 750 new jobs. Gov. Nathan Deal Thursday announced Koch Foods is planning to expand its plant in Hamilton — about 25 miles northeast of Columbus.
The government data released Friday showed the main consumer price index fell 0.3 percent from a year earlier as deflation continued to defy the combined efforts of the government and central bank to move toward a 2 percent inflation target. However the CPI was up 0.1 percent from January's figure.
Yes, there’s a place for mobile in manufacturing. Seven, actually. Today’s mobile solutions can help your business run more profitably and predictably, by putting the right tools and information right where they’re needed.
With warmer weather on the horizon, it is important for food manufacturers to put prevention measures in place for warm-weather pests. Food Manufacturing spoke with Patricia Hottel about the steps processors can take to get a head start on spring pest prevention.
A New Jersey compounding pharmacy that issued a national recall of all of its drugs has agreed to remain closed two more weeks. The New Jersey pharmacy board says Tinton Falls-based Med Prep Consulting Inc. continues to investigate the cause of contamination found in bags of magnesium sulfate that it formulated.
Southern California Edison disclosed Friday it hopes the move could open the way for the Unit 2 reactor to be back in service by summer, when power demand typically soars in the region. San Onofre has been shut down since January 2012, after a small radiation leak led to the discovery of unusual damage to hundreds of tubes that carry radioactive water.
Germany's Bosch says it is abandoning its solar energy business because there's no way to make it economically viable amid overcapacity and price pressure in the industry. The engineering company said Friday that it will stop making components such as solar cells and wafers at the beginning of next year.
State economic development officials overestimated the long-term benefits of a proposal to help finance a $1.1 billion steel mill proposed in northeast Arkansas, because they didn't consider uncertainties surrounding the project, according to report released Thursday by a consultant that lawmakers hired.
Employees at GM's Opel plant in Bochum have rejected a redevelopment plan, which means production there could end by late 2014. German news agency dpa said 76.1 percent of the Bochum plant rejected a redevelopment plan, which implied that after the year 2016 there would have been only 1,200 jobs left. About 3,200 persons now work at the unit in Bochum.
Chinese manufacturing rebounded modestly in March after dipping during the country's biggest public holiday the month before, a survey on Thursday showed, in a sign of gradual recovery in the world's second biggest economy. HSBC's preliminary version of its purchasing managers' index for March rose to 51.7 on a 100-point scale.
The developer behind a planned $1.1 billion steel mill in northeast Arkansas says he hopes to break ground on the project this fall if everything goes as planned. The Legislature still needs to approve $125 million in state financing for the proposed Big River Steel mill to be built near Osceola.
U.S. nuclear power plants must upgrade ventilation systems at 31 reactors with designs similar to those that melted down two years ago in Japan, under a Nuclear Regulatory Commission order that stops short of requiring filtered vents, as some safety advocates and NRC's staff had urged.
According to Illinois officials, Iowa is offering Cronus Chemical LLC an estimated $35 million in taxpayer subsidies to build a plant in Mitchell County near the Minnesota border. Illinois Rep. Adam Brown, R- Champaign, has sponsored legislation offering a series of tax breaks for the project.
The Starbucks Carson Valley Roasting Plant & Distribution Center crew will tell you everything you need to know about how roasting and brewing methods affect the flavor of coffee in so many ways. And just as the smallest of modifications can dramatically affect the flavor of the cup, Starbucks Carson Valley has learned that – likewise – small steps towards continuous improvement can yield returns.
STMicroelectronics, one of Europe's largest chipmakers, announced in December that it wanted out of ST-Ericsson as it struggled with a downturn in global demand. After months of talks the two companies said Monday they had agreed to end the joint venture.
In the demonstration lasting about two hours, the employees called for continued operation of the passenger car tire-making factory, which Bridgestone Corp. said earlier this month will close in the first half of 2014 due to deterioration of the facility's profitability and changing market conditions.
Factory output rose a seasonally adjusted 0.8 percent in February from January, after falling 0.3 percent in the previous month, the Federal Reserve said Friday. The biggest gain was in autos and auto parts, where production increased 3.6 percent after falling 4.9 percent in January.
Volkswagen's chief executive Martin Winterkorn said Thursday the company faces a challenging year particularly in Europe where many countries are in recession. Winterkorn told the company's annual news and analyst conference that "Volkswagen is feeling the headwinds — especially in Europe."
Chief executives at the largest U.S. companies are much more optimistic about their sales prospects than they were three months ago, though many remain cautious about hiring. The Business Roundtable said Wednesday that 72 percent of its members expect sales will increase in the next six months.