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Daily news and top headlines for manufacturing professionals

Toshiba Joins With Sharp To Make LCDs

December 21, 2007 5:28 am | by Yuri Kageyama, AP Business Writer | News | Comments

Speculation has been growing that Japanese electronics makers will join forces to be more competitive.

Philips Makes $5.1 Billion Bid For Respironics

December 21, 2007 5:13 am | by Toby Sterling, AP Business Writer | News | Comments

Acquisition is one of a steady stream of takeovers by Philips' medical arm, which rivals General Electric Co. as the world's largest medical equipment maker.

Campbell Soup Selling Godiva Chocolatier

December 21, 2007 5:10 am | by Geoff Mulvihill, Associated Press Writer | News | Comments

World's largest soup maker agrees to sell its upscale Godiva brand to a Turkish food company for $850 million.


Toyota Opening Russian Assembly Plant

December 21, 2007 4:54 am | by Irina Titova, Associated Press Writer | News | Comments

More than 600 workers are employed at the assembly plant on St. Petersburg's outskirts that will produce 20,000 cars a year in the initial phase.

China Celebrates Homegrown Commercial Jet

December 21, 2007 4:35 am | by Elaine Kurtenbach, AP Business Writer | News | Comments

First fully homegrown commercial aircraft, the ARJ-21, rolled off the production line Friday, marking a major step in the country's aviation program.

Champion Enterprises Buying SRI Homes

December 21, 2007 4:33 am | News | Comments

Home manufacturer to acquire SRI Homes, a Canadian producer of manufactured and modular homes, for $113.9 million.

Nissan May Build Vehicle For Chrysler

December 21, 2007 4:23 am | News | Comments

Japanese automaker is talking to Chrysler LLC about possibly building a vehicle, but there is no discussion of any alliance agreement, a spokeswoman said.

Two Die In Mitsubishi Chemical Plant Fire

December 21, 2007 4:18 am | News | Comments

Fire broke out in a cracking furnace at an ethylene plant of Mitsubishi Chemical Corp. in Kamisu, Ibaraki Prefecture.


Metso Paper Supplying White Liquor Plant For Mondi

December 21, 2007 4:17 am | by Edited by Staff | News | Comments

Metso will supply Mondi's Syktyvkar mill in Russia with a rebuilt white liquor plant; delivery to be completed in November 2008.

GM Chief Says Company Can Weather Tough 2008

December 20, 2007 11:40 am | by Dee-Ann Durbin and Tom Krisher, AP Auto Writers | News | Comments

If the dismal sales forecasts for next year come true, Rick Wagoner says GM is determined not to rely on costly incentives, which hurt brand image and resale value.

PPG Industries Looks For Future Growth In Asia

December 20, 2007 11:30 am | by Daniel Lovering, AP Business Writer | News | Comments

Maker of paint, coatings, glass and chemicals eyes Asia after completing its acquisition of SigmaKalon Group, Europe's second-largest coatings maker.

South Korean Stake In EU's Largest Shipbuilder Examined

December 20, 2007 5:50 am | by Aoife White, AP Business Writer | News | Comments

European Commission concerned STX’s purchase of a large stake in Norway-based Aker Yards ASA, would create antitrust problems for cruise ships.

Boeing Sending $1B Worth Of Work To Indian Company

December 20, 2007 4:44 am | by Ashok Sharma, Associated Press Writer | Boeing | News | Comments

U.S. aircraft maker hopes agreement with Hindustan Aeronautics will also help meet its obligations under existing or future jet purchase deals with the Indian government.


Top U.S. Health Official Outlines Safety Deals With China

December 20, 2007 4:40 am | by Kevin Freking, Associated Press Writer | News | Comments

U.S.-Chinese agreements designed to make imports safer will serve as a model for other countries, says Health and Human Services Secretary Mike Leavitt.

Eaton Expanding International Electric Business

December 20, 2007 4:37 am | News | Comments

Diversified industrial manufacturer plans to buy Germany's Moeller Group for $2.23 billion and launch a $565 million tender offer for Asian-based Phoenixtec Power Company.

Samsung Probed For Alleged Bribery And Slush Funds

December 20, 2007 4:33 am | News | Comments

Independent council to investigate claims Samsung Group set up a $215 million slush fund to bribe influential figures such as prosecutors, judges and government officials.

Timminco Subsidary Signs Solar Grade Silicon Deal

December 20, 2007 4:20 am | News | Comments

Silicon metal maker's subsidiary, Becancour Silicon, signed a deal to sell 4,400 metric tons of solar grade silicon over five years to an unnamed solar cell manufacturer.

NAM Analyzes Role Of SMMs In Supply Chain

December 19, 2007 10:00 am | by Edited by Staff | News | Comments

Report from the National Association of Manufacturers suggests small and medium manufacturers seek out new partners along the global supply chain to capitalize on growth and mitigate risks.

GlaxoSmithKline Completes $1.65B Reliant Buyout

December 19, 2007 6:00 am | News | Comments

British drug developer completed its buyout of heart drug specialist Reliant Pharmaceuticals after the U.S. Federal Trade Commission ended its antitrust waiting period early.

Panasonic Parent Denies Reported Flat Panel Deal

December 19, 2007 5:32 am | News | Comments

Despite a Japanese newspaper report, Matsushita said it hasn't made a decision regarding a possible alliance with Hitachi and Canon to produce flat panel displays.

Altra Selling Adjustable Speed Drives Business

December 19, 2007 5:17 am | by Edited by Staff | News | Comments

Manufacturer of industrial power transmission and motion control products signed an agreement to divest its TB Wood's Adjustable Speed Drives business to Vacon.

EADS Selects Bidders For Six Airbus Plants

December 19, 2007 4:51 am | Airbus | News | Comments

Airbus parent said it will sell all or part of six manufacturing sites in a major restructuring and has chosen three European companies as preferred bidders.

More Safety Problems At Chinese Canned Meat Maker

December 19, 2007 4:47 am | News | Comments

Manufacturer of canned pork meat containing chemical residues and sold in Hong Kong had also used 3.2 tons of contaminated meat, Shanghai's food inspector said.

Automakers Look Closer At Fuel Efficient Technologies

December 19, 2007 4:46 am | by Ken Thomas, Associated Press Writer | News | Comments

Energy bill requiring vehicles to average 35 miles per gallon by 2020 will shape the mix of fuel-efficient vehicles and technologies during the next decade.

EU Proposes Emission Cuts For Carmakers

December 19, 2007 4:38 am | News | Comments

Automakers would be required to cut carbon dioxide emissions in new cars sold in Europe starting in 2012, which could add almost $1,900 to their prices.

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