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Daily news and top headlines for manufacturing professionals

Flowserve Corp. Selling Rail Business

November 20, 2007 5:10 am | News | Comments

Sale to Germany's Vossloh AG includes assets held by Australian unit Thompsons, Kelly & Lewis Pty Ltd. that generated $11 million in 2006.

Companies To Buy Japanese Frozen Food Maker

November 20, 2007 5:03 am | News | Comments

Japan Tobacco Inc. and and instant noodle maker Nissin Food Products Co. plan to jointly acquire struggling Katokichi Co.

EU: Italian Subsidy Violated State Aid Rules

November 20, 2007 4:18 am | News | Comments

Regulators order Italy to recover $117 million in aid granted to steel company ThyssenKrupp, cement maker Cementir and chemical company Terni Nuova Industrie Chimiche.

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World's Electronic Waste Dumped In China

November 19, 2007 10:35 am | by Christopher Bodeen, Associated Press Writer | News | Comments

Experts estimate 70 percent of the 20 to 50 million tons of electronic waste produced globally each year ends up in China.

U.S. Official: Toys Need Outside Testing Firms

November 19, 2007 10:30 am | News | Comments

Health and Human Services Secretary Mike Leavitt says toymakers need a proactive approach by making sure toys are safe before entering the country.

Tata Motors Defends New Ultracheap Car

November 19, 2007 5:57 am | by Rajesh Mahapatra, AP Business Writer | News | Comments

Automaker's chairman refutes claims that new vehicle, called "the people's car," will add to traffic chaos and increase carbon emissions in India.

Maxwell, Chinese Partner To Make Hybrid Batteries

November 19, 2007 5:53 am | News | Comments

The deal between the energy storage company and Tianjin Lishen Battery will incorporate the companies' respective ultracapacitor and ion battery technology.

Sony Cuts Fees For PS3 Game Developers

November 19, 2007 5:21 am | by Yuri Kageyama, AP Business Writer | News | Comments

Electronics maker hoping to boost number of video games for the struggling PlayStation 3; move follows last month's price cuts for the game console.

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SABMiller To Bid $1.2 Billion For Grolsch

November 19, 2007 5:15 am | News | Comments

World's third-largest brewer says the acquisition of second-largest Dutch beermaker will help Miller grow its premium brand business.

Puerto Rico's Pharmaceutical Industry 'Terminally Ill'

November 19, 2007 4:59 am | by Michael Melia, Associated Press Writer | News | Comments

Experts predict Puerto Rico is in danger of losing its position as a top five global drug-making center unless it offers better incentives and shifts more toward research.

Renault Samsung Unveils First SUV

November 19, 2007 4:50 am | News | Comments

South Korean company expects to sell 100,000 of the new QM5 in 2008, 35 percent at home and 65 percent overseas, doubling vehicle sales.

Quanex Selling Automotive Unit For $1.57 Billion

November 19, 2007 4:44 am | News | Comments

Sale to Brazil steelmaker Gerdeau SA will leave the engineered products maker's building products unit as a standalone business.

Applied Materials Acquires Baccini For $330 Million

November 19, 2007 4:40 am | News | Comments

Semiconductor equipment maker buying the supplier of automated metallization and test systems for making solar cells to strengthen position in photovoltaic industry.

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China Sunergy Making High-Efficiency Solar Cells

November 19, 2007 4:28 am | News | Comments

Cells with higher efficiency rates can produce more energy from fewer panels, but the efficiency of the company's newly-commercialized cells fell below pilot run.

Samsung Work Force Drops For First Time In 5 Years

November 19, 2007 4:19 am | by Kelly Olsen, AP Business Writer | News | Comments

Officials at the electronics manufacturer say the decrease of 1,630 employees in six months is not part of restructuring.

U.S. Trade Rep: Doha Agreement Is Top Priority

November 19, 2007 4:17 am | News | Comments

Susan Schwab says progress has been made in the areas of agriculture and manufacturing, and she believes a world trade agreement could be reached before Bush leaves office.

Japanese Steel Against BHP Billiton, Rio Tinto Tie-Up

November 19, 2007 4:09 am | by Mari Yamaguchi, Associated Press Writer | News | Comments

Chairman of the Japan Iron and Steel Federation says a melding of two of the largest raw-materials suppliers is undesirable for industrial competition and pricing.

GE Aviation Wins $10B In Orders At Dubai Airshow

November 16, 2007 10:26 am | by Edited by Manufacturing.net Staff | Boeing | News | Comments

To meet demand for its GEnx engines, GE will expand jet engine production rates by more than 50 percent in the next three years.

Middle East Firm Buys Stake In Chip Maker AMD

November 16, 2007 5:53 am | News | Comments

United Arab Emirates-based investment firm buys 8.1 percent stake in No. 2 microprocessor maker Advanced Micro Devices for $622 million.

Technology Outsourcing Booms In China

November 16, 2007 5:25 am | by Joe McDonald, AP Business Writer | News | Comments

Beijing is eager to raise China's status from low-skilled factory labor to higher-paid technology jobs; 15 year outsourcing base plan promises tax breaks and aid to high-tech businesses.

Samsung's Image Plagued By Corruption, Scandal

November 16, 2007 5:05 am | by Kelly Olsen, AP Business Writer | News | Comments

Spreading bribery scandal renews old concerns about the perceived power and influence of the ''Republic of Samsung'' — as the conglomerate has been called.

Vietnam To Order 12 Boeing 787 Dreamliners

November 16, 2007 4:47 am | Airbus, Boeing | News | Comments

To meet growing demand, state-owned Vietnam Airlines will purchase four planes and new joint venture Vietnam Aircraft Leasing Co. will purchase eight aircraft.

Volkswagen's China Venture Recalling 2,440 Cars

November 16, 2007 4:37 am | News | Comments

Shanghai Volkswagen — China's third biggest passenger-car maker by sales last year — recalling Passat models due to locking system problems.

Canadian Solar Contributing To Spanish Projects

November 16, 2007 4:34 am | News | Comments

Company to deliver solar modules with 60 megawatts worth of annual generating capacity to Spain, considered a key market for the solar industry because of government incentives.

Automakers Target China For 'Green' Cars

November 16, 2007 4:26 am | by Elaine Kurtenbach, AP Business Writer | News | Comments

Automakers are focusing clean-car concepts on the country because of its environmental crises, fuel shortages and pollution resulting from its embrace of the automobile.

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