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Daily news and top headlines for manufacturing professionals

Stora Enso Investing In Belgian And German Mills

November 5, 2007 4:49 am | News | Comments

Nordic paper maker hopes $375 million investment will improve energy efficiency at the two European mills.

U.S. Commerce Secretary Sees Potential In Vietnam

November 5, 2007 4:34 am | by Ben Stocking, Associated Press Writer | News | Comments

Vietnam's economy is growing more than 8 percent a year, and foreign investment is expected to reach $13 billion this year.

PCs Losing Dominance In Japan

November 5, 2007 4:16 am | by Hiroko Tabuchi, Associated Press Wrier | News | Comments

The computer's once-dominant monopoly on processing power is encroached by gadgets like smart phones that act like pocket-size computers and Internet-connected game consoles.


Military Jet Delays Could Cost EADS $2 Billion

November 5, 2007 4:02 am | by Emma Vandore, AP Business Writer | Airbus, Boeing | News | Comments

Six-month delay for its A400M military aircraft has some investors worried EADS will see a 'mini A380 scenario' in terms of a financial impact.

Canadian Unemployment Hits 33-Year Low

November 2, 2007 6:42 am | News | Comments

Canadian dollar reaches an all-time high as news spreads that the economy created nearly six times more jobs than anticipated in October.

GM Sales Rise In October; Ford, Chrysler Down

November 2, 2007 5:34 am | by Jeff Karoub, AP Business Writer | News | Comments

Jittery consumers have put off big-ticket purchases in response to the troubled housing market and high gas prices.

Australian Cardboard Maker Receives Record Fine

November 2, 2007 5:25 am | Pratt & Whitney | News | Comments

Visy Industries Holdings, the world's largest privately held paper and packaging manufacturer, fined a record $32 million for price-fixing.

NAM President: Japan Still Offers Big Opportunities

November 2, 2007 5:15 am | by Yuri Kageyama, AP Business Writer | News | Comments

John Engler says Japan is likely to see more mergers and consolidations among companies, creating partnership opportunities for American manufacturers.


Toyota Faces New Challenge: Retaining Top Execs

November 1, 2007 12:00 pm | by Yuri Kageyama, AP Business Writer | News | Comments

Japanese automaker is experiencing a trend of high-ranking U.S. bosses defecting to positions at U.S. automakers like Chrysler and Ford.

Wind Power Company Nordex Expands Production

November 1, 2007 6:10 am | News | Comments

German wind-power turbine maker 's $72 million investment to more than triple its Chinese production by 2011.

FDA Lax On Foreign Drug Inspections

November 1, 2007 5:53 am | by Andrew Bridges, Associated Press Writer | News | Comments

As much as 80 percent of the active pharmaceutical ingredients used to make drugs sold in the U.S. are imported; an estimated 40 percent of finished drugs are made abroad.

U.S. Steel Acquires Canada's Stelco Inc.

November 1, 2007 5:52 am | by Daniel Lovering, AP Business Writer | News | Comments

After the $1.2 billion deal, U.S. Steel renames the smaller company U.S. Steel Canada Inc. and becomes the world's fifth-largest steel producer.

Cisco Plans $16 Billion China Expansion

November 1, 2007 5:47 am | by Joe McDonald, AP Business Writer | News | Comments

Network gear maker aims to double manufacturing in China, which has the world's second-largest population of Web users after the United States.


Minnesota Steel Plant Back On Track

November 1, 2007 5:45 am | News | Comments

Indian firm behind the $1.6 billion plant, also in talks to open a refinery in Iran, assures Gov. Tim Pawlenty it won't do prohibited business in Iran.

Metso Minerals Acquires Mueller Engineering

November 1, 2007 5:35 am | News | Comments

Finnish engineering and technology company hopes acquisition of Mueller, worth $8.6 million, will strengthen its metal recycling business.

Boeing Exec Says 787 Suppliers Fell Short

November 1, 2007 5:33 am | Boeing | News | Comments

Aircraft maker delayed delivery of first 787 by at least six months because supply chain problems complicated the final assembly.

China Bars Exports From More Than 700 Toy Factories

November 1, 2007 5:25 am | News | Comments

As part of a crackdown on shoddy products, 764 factories had their export licenses revoked or suspended 'because of various quality problems.'

Trick Or Treat: Peeps Candy Maker Going To China

October 31, 2007 12:25 pm | by Deborah Yao, AP Business Writer | News | Comments

Just Born, maker of the popular Peeps marshmallow chicks, is making its Spooky Friends treats for Halloween in China.

Heavy Truck Companies Look Overseas

October 31, 2007 11:53 am | by Bree Fowler, AP Business Writer | News | Comments

Despite lighter U.S. demand, companies still could post better-than-expected numbers because of a higher demand abroad.

Rio Tinto Increasing Shipments To Norsk Hydro

October 31, 2007 11:37 am | News | Comments

Mining company to increase its supply of aluminum oxide to Norway's Norsk Hydro beginning in 2011 and continuing through 2030.

House Panel OKs Free Trade Pact With Peru

October 31, 2007 11:32 am | News | Comments

The proposal, which won unanimous approval, would be the first U.S. FTA with guarantees to set standards for labor and the environment.

Garmin Makes Bid For Mapmaker Tele Atlas

October 31, 2007 6:58 am | by Toby Sterling, AP Business Writer | News | Comments

The unsolicited $3.3 billion offer from Garmin, the world's largest maker of personal navigation devices, topped bid from rival TomTom.

Irish Icon Waterford May Move Production

October 31, 2007 6:55 am | by Shawn Pogatchnik, Associated Press Writer | News | Comments

Crystal division of Waterford Wedgwood wants to cut its work force in Ireland nearly in half and could shift much of its crystal production to lower-cost Slovenia.

Samsung Buys Israeli Company TransChip

October 31, 2007 6:44 am | by Kelly Olsen, AP Business Writer | News | Comments

South Korea-based Samsung's acquisition of an image sensor developer was the electronics company's first in more than a decade.

Bombardier Venture Wins $1.5 Billion Chinese Order

October 31, 2007 6:24 am | News | Comments

Chinese Ministry of Railways orders 40 high-speed trains from Bombardier Sifang Power Transportation Ltd.

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