China has given Renault and a local partner approval to launch a $1.3 billion auto manufacturing joint venture, the French brand's first in the world's biggest vehicle market. Renault SA, maker of the Clio and Megane hatchbacks, is one of the last major auto brands without its own manufacturing in China.
GE today announced the latest version of it industrial energy management solution—Power Management Control System version 7 (PMCS v7.0)—to help customers improve the energy efficiency of their operations. By actively monitoring energy assets and trends, the system helps industrial customers make system changes that optimize energy use, reduce downtime and deliver more productivity.
Firefighters in central Poland say four maintenance workers have plunged to their deaths some 120 meters (400 feet) down a chimney that they were working on at a coal-fired power plant.Spokesman Waldemar Krakowiak said Wednesday that the four were standing on a platform that came loose inside a chimney at the Kozienice plant.
A survey of chief executives at the largest U.S. companies shows a growing number are optimistic about the economy's prospects for the next six months and expect to boost hiring. The Business Roundtable says its index measuring CEO outlook rose to 84.5 in the October-December quarter. That's up from 79.1 in the July-September quarter.
General Motors says it's in Japan for the long haul despite sales of Cadillac and Chevrolet models barely surpassing 1,000 vehicles a year. There has never been much appetite in Japan for left-hand drive gas guzzling U.S. autos, and there are many informal barriers to foreign automakers making it here.
Missouri's bid for a Boeing assembly plant could include more than $1.7 billion of incentives over two decades if the airplane manufacturer adds thousands of jobs, according to new information about the proposal released Tuesday.
Energy usage continues to be a critical issue in the manufacturing sector, due to concerns over energy costs as well as the need to meet corporate sustainability requirements. But with advanced energy management technology, manufacturers more easily can meet their energy goals.
After years in which the ease of instant communication via e-mail and smartphones allowed bosses to place greater and greater demands on white-collar workers, some companies are beginning to set limits, recognizing that successful employees must be able to escape from work.
The holiday weekend was good to U.S. automakers, as sales reports indicate the auto industry is on track to beat strong sales numbers from a year ago. Chrysler's U.S. sales rose a surprising 16 percent in November, while General Motors posted a 14 percent gain. Toyota sales rose 10 percent, and Ford notched a 7 percent increase.
Chicago Mayor Rahm Emanuel has launched a new offensive against petroleum coke that's been piling up on the city's far southeast side. He's asking residents to call 311 or send an e-mail if they see evidence that petroleum coke — called "petcoke" — is blowing off the piles. Petcoke is a powdery black byproduct of oil refining that can be burned in power plants.
Potash Corp. is cutting more than 1,000 jobs, about 18 percent of its workforce, because of slumping demand for potash and phosphate, two key fertilizer ingredients. The Saskatchewan-based company said Tuesday it will cut 440 jobs in Saskatchewan, 130 in New Brunswick, 350 in Florida, 85 in North Carolina, and 40 in other U.S. regions and Trinidad.
A long-anticipated $200 million ethanol plant that will turn grasses grown on North Carolina hog farms into motor fuel will go ahead, Gov. Pat McCrory's office said Monday.The plant operated by Biochemtex, a partnership headed by Italy-based Gruppo Mossi & Ghisolfi, plans to employ 65 people in three years near Clinton in Sampson County.
A new $75 million turkey processing plant in southwestern Indiana is set to start operations next week. State and local officials joined Farbest Foods president Ted Seger for a ribbon-cutting ceremony and public tours Monday of the new factory in a Vincennes industrial park.
Quiksilver has sold its snowboard subsidiary Mervin Manufacturing for $58 million and plans to sell some other non-core businesses. President and CEO Andy Mooney said in a statement that selling Mervin and the other non-core businesses allows the retailer to focus on its three core brands — Roxy, DC Shoes and Quiksilver.
One lawsuit alleges the plant operators "illegally, recklessly or negligently" dumped hazardous substances outside the boundaries of the property. The lawsuit also said contamination spread through at least a 5-mile radius around the facility, exposing people to increased risk of cancers, kidney failure and damage to the central nervous system.
Officials on the Industry Ministry's contaminated water panel also said that the Fukushima Dai-ichi plant could run out of storage for contaminated water within two years if current plans are not fully workable. A draft report, made available to reporters after the panel's experts and officials met, proposed covering the ground with asphalt to reduce rain inflow, building giant tanks and other steps.
Forest Laboratories says it plans to cut about 500 jobs as part of a plan to trim $500 million in costs over the next two years. The moves come less than three months after former Bausch & Lomb leader Brenton Saunders replaced longtime CEO Howard Solomon at the helm of Forest Laboratories Inc.
Congressman Richard Hanna says Remington Outdoor Company has been awarded a $47 million contract to produce more than 50,000 R4 carbine rifles for the Armed Forces of the Philippines. Hanna announced Monday that the work will be done at Remington Arms in the Mohawk Valley town of Ilion, with components from Remington's facilities and suppliers across 20 states.
Reflectivity has become a mainstay of roofing lingo over the last decade. Roofs have been asked to not only be the primary building waterproofing element but also have been called to meet reflectivity requirements that work to reduce cooling demands of facilities.
BlackBerry's interim chief executive says reports of the death of the company "are greatly exaggerated." Former Sybase CEO John Chen says in a letter to customers Monday that BlackBerry is returning to its roots, refocusing on delivering devices and services to business users.
U.S. manufacturing grew in November at the fastest pace in 2½ years as factories ramped up production, stepped up hiring and received orders at a healthy clip.The Institute for Supply Management said Monday that its index of manufacturing activity rose to 57.3. That was up from 56.4 in October and was the highest since April 2011.
For the first time in two and a half years, a new Saab sedan has rolled off the production line in Trollhattan in south-west Sweden.National Electric Vehicle Sweden, the Hong Kong-based company that bought Saab out of bankruptcy in September last year, on Monday presented its new 9-3 Aero.
A South Korean man was found dead Saturday at a jointly-run factory park in North Korea, officials said. The 55-year old worker from a South Korean company that manufactures leather products and mobile phone accessories was found dead earlier that day, South Korea's Unification Ministry told reporters at a briefing.
Amazon.com is already cracking same-day delivery. Next up: getting your package delivered quicker than a pizza? The online retailer is working on a way to get customers their goods in 30 minutes or less — by drone.Amazon.com said it's working on the so-called Prime Air unmanned aircraft project in its research and development labs.
Dow Chemical is looking to spin off or sell about 40 manufacturing plants from its business as it continues to move away from cyclical commodity products.The company said Monday that it expects those deals to happen within the next one to two years. Almost 2,000 workers will be affected by the moves.