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Daily news and top headlines for manufacturing professionals

Tragic Fire Exposes Illegal Chinese Factories

October 21, 2014 9:35 am | by Erika Kinetz, The Associated Press | News | Comments

Authorities have raided over 1,900 Chinese factories in the past 6 1/2 years, closing 909 for gross safety and labor violations, and seized 33,427 sewing machines that were not up to code. Sanctioned factories rarely bother to fix those problems, preferring to reopen under a new name...

GE 3Q Profit Rises On Oil, Aviation Strength

October 17, 2014 1:30 pm | by Jonathan Fahey, AP Business Writer | News | Comments

General Electric's third quarter profit rose 11 percent on strong performance from its aviation and oil and gas divisions. GE reported Friday net income of $3.54 billion for the quarter on sales of $36.17 billion. Last year during the same period the company earned $3.19 billion...

Factories In Philadelphia Area Growing More Slowly

October 16, 2014 5:20 pm | by Christopher S. Rugaber - AP Economics Writer | News | Comments

A measure of factory activity in the Philadelphia region slipped last month, but remained at a healthy level, evidence that U.S. manufacturing output is holding up despite signs of a global slowdown. The Federal Reserve Bank of Philadelphia said Thursday that its index of...

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AAM: It's Time For Action On China's Exchange Rate

October 16, 2014 3:52 pm | by The Alliance for American Manufacturing | News | Comments

The U.S. Department of Treasury is due to release its semi-annual Report to Congress on International Economic and Exchange Rate Policies on Oct. 15. In its April report, U.S. Treasury Secretary Jack Lew acknowledged China’s continued actions to impede market determination, yet failed to name China as a currency...

Falling Oil Prices Shake Up Global Economies

October 16, 2014 2:25 pm | by Jonathan Fahey, AP Energy Writer | News | Comments

A sudden plunge in the price of oil is sending economic and political shockwaves around the world. Oil exporting countries are bracing for potentially crippling budget shortfalls and importing nations are benefiting from the lowest prices in four years. The global price of oil is...

India Prime Minister Announces Labor Law Reforms

October 16, 2014 10:39 am | by The Associated Press | News | Comments

Indian Prime Minister Narendra Modi announced a series of labor reforms on Thursday aimed at transforming Asia's third-largest economy into an international manufacturing hub. Modi said he wants to overhaul India's archaic labor laws to make it easier to do business in the country, attract...

VW Overtakes GM In Global Sales Race

October 15, 2014 11:10 am | by The Associated Press | News | Comments

Volkswagen edged out General Motors for second place in the global auto sales race during the first three quarters of the year, but Toyota was expected to keep its lead to stay in first place. GM said Wednesday that is sold 7.37 million cars and...

Costco Makes China Market Debut

October 14, 2014 4:50 pm | by The Associated Press | News | Comments

Costco Wholesale Corporation, America’s leading membership-only warehouse club that provides a wide range of quality, brand name merchandise, today announced it will enter China for the first time through the opening of an online flagship...

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Lifting Oil Exports Ban Would Boost U.S. Manufacturing

October 14, 2014 3:20 pm | by Manufacturers Alliance for Productivity and Innovation (MAPI) | News | Comments

The manufacturing sector, already a leading component of the U.S. economy, would benefit significantly if the crude oil ban were lifted, according to a new study. This was the finding of a new report, titled Lifting the Curde Export Oil Ban: The Impact on U.S. Manufacturing that was...

Companies Abandon Ambitious Desert Solar Project

October 14, 2014 1:31 pm | by The Associated Press | News | Comments

It sounded like a good idea: build massive solar energy plants in the deserts of North Africa and the Middle East to supply Europe with 15 percent of its electricity needs by 2050. But the consortium behind the ambitious plan has now admitted defeat following disagreements over...

GE Gas Turbines To Help Provide Uninterrupted Power In Iraq

October 14, 2014 11:12 am | by The Associated Press | News | Comments

GE has signed a contract with ENKA to supply power generation equipment for a new 750-megawatt (MW) combined-cycle plant being developed by Qaiwan Group in Iraq. GE will provide four 9E gas turbines and one steam turbine for a new power plant in Sulaimaniyah to...

Growth Slows In China Passenger Vehicle Sales

October 13, 2014 4:43 am | by The Associated Press | News | Comments

Growth in China's car sales slowed again last month while the country's own brands increased their market share. An industry group said Monday that sales of passenger vehicles in the world's biggest auto market rose 6.4 percent in September from a year earlier, slowing from...

U.S. The Only Major Economy Showing Growth

October 9, 2014 1:21 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

Though braced by a resurgent United States, the global economy is under threat from other regions — from Europe and Latin America to China and Japan — where growth is stalling and prospects remain dim.That's the bleak picture facing global finance officials who...

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Senate Critic Claims Surveillance Hurts U.S. Economy

October 8, 2014 4:42 pm | by The Associated Press | News | Comments

A leading Senate critic of online surveillance wants the government to stop widespread spying on phone calls, texts, and emails, saying the "digital dragnet" doesn't make the country safer, and only hurts the U.S. economy. "When the actions...

Meeting Held To Harmonize U.S., Canada Regulation

October 7, 2014 5:25 pm | by Alexander Panetta, The Canadian Press | News | Comments

About 400 people will gather this week to work on a plan to more closely harmonize Canadian and American industrial regulations across a wide range of sectors.Industry groups and government regulators from both countries will meet Wednesday in...

Global Growth Concerns Push U.S. Stocks Lower

October 7, 2014 5:17 pm | by Steve Rothwell, AP Markets Writer | News | Comments

Worries about weakening global growth drove the stock market lower Tuesday. The U.S. economy may be strengthening, but the outlook elsewhere is far less encouraging. On Tuesday the International Monetary Fund trimmed its forecast for global...

Syria Declares 4 More Chemical Weapons Facilities

October 7, 2014 3:51 pm | by Cara Anna - Associated Press | News | Comments

Syria has declared four chemical weapons facilities it hadn't mentioned before, a special representative of the U.N. secretary-general told the Security Council on Tuesday. The news heightened concerns that the Syrian government hasn't been fully open about...

Panasonic, Coronal Group Acquire Solar Project

October 7, 2014 10:08 am | by The Associated Press | News | Comments

Panasonic Eco Solutions Canada Inc. announced that it teamed up with Coronal Group LLC to acquire the 6 MW Balsam Lake Solar Project from Balsam Lake Green Energy. The project, based in the City of Kawartha Lakes, Ontario, is part of the Ontario...

OH Firm To Redevelop Former GM Factory

October 6, 2014 1:38 pm | by The Associated Press | News | Comments

A national design firm with local headquarters has signed on to redevelop a former Dayton-area General Motors factory into an 800-job automotive glass plant operated by a Chinese company. Woolpert, headquartered in Dayton, on Monday announced an agreement...

5 Killed In Blast At Fireworks Plant

October 6, 2014 11:06 am | by The Associated Press | News | Comments

Police say five people were killed early Monday in an explosion at an illegal fireworks factory in southern China. Police in Guizhou province are investigating the cause of the blast which ripped through the factory in the village of Lanjiang. One...

Samsung Supplier Sues U.S. Labor Watchdog

October 2, 2014 1:37 pm | by Youkyung Lee, AP Technology Writer | News | Comments

A Chinese supplier of Samsung Electronics Co. filed a lawsuit accusing a New York City-based labor watchdog of spreading false rumors of child labor, but the labor group says it has evidence to back up its report. The lawsuit against China Labor Watch was...

Airbus Predicts China Will Become Aviation Hotspot

October 2, 2014 11:32 am | by Gavin Thompson, Associate Editor, Bristol Post | News | Comments

The biggest growth in the aerospace sector will come from China in years to come, with China set to become the number one market, according to the bosses at Airbus. One hundred years after the first plane for paying passengers took to the skies, the manufacturer has been...

Russia Dims Hopes For European Auto Rebound

October 2, 2014 9:49 am | by The Associated Press | News | Comments

Troubles in Russia's once-booming car market are dampening spirits at the Paris Motor Show. The European car market is seeing a fragile recovery after six years of decline, but CEOs in Paris are scaling back hopes that Russia could help drive the rebound as...

Mondelez To Build $90M Plant In Bahrain As Mideast, Africa Demand Grows

October 1, 2014 9:41 am | by The Associated Press | News | Comments

Mondelez International, the world's leading maker of chocolate, biscuits, gum, and candy, today mannounced plans to invest $90 million in building a biscuit plant in the Kingdom of Bahrain to meet rising demand in the Middle East and Africa for beloved...

Cartels Stealing Billions From Oil Industry

September 29, 2014 10:07 am | by Mark Stevenson, The Associated Press | News | Comments

Mexico overcame 75 years of nationalist pride to reform its flagging, state-owned oil industry. But as it prepares to develop rich shale fields along the Gulf Coast, and attract foreign investors, another challenge awaits: taming the brutal drug cartels that rule the region and are...

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