3D Systems today announced that it has completed the acquisition of Xerox's solid ink engineering and development teams, plus the development labs and patent portfolio, for $32.5 million in cash. 3D Systems says it will bring the printer design and material science teams together, along with the associated IP, to further its R&D efforts and manufacturing capabilities.
Cooper Tire & Rubber Co. is calling off its proposed $2.2 billion sale to India's Apollo Tyres, a deal that would have created the world's seventh largest tire company. The U.S.-based company said Monday that financing is no longer available, and it continues to claim, as it has for months, that Apollo breached the terms of the agreement.
The fire at Industrial Plastics Recycle, about 45 miles southwest of Nashville, has been burning since Wednesday morning. On Wednesday afternoon, firefighters had to stop trying to put out the blaze after they learned that two 1,000 gallon propane tanks were on the property.
Additive manufacturing is already being used in rocket sciences, medicine, and cars, but one Texas-based group of 3D printing and gun enthusiasts gained a great deal of notoriety early this year by demonstrating early versions of 3D-printed guns
Tire-maker Michelin says it is recalling about 1.2 million tires sold in the U.S. because an increasing number are experiencing tread loss or rapid air loss.The tires are commonly used for pickup trucks, heavy-duty vans, small RVs and commercial light trucks.
Lawmakers took an easy step Monday when the Democratic-run Senate unanimously gave final congressional approval to a bill adding another decade to the prohibition against guns that can slip by airport metal detectors and X-ray machines.
Congress is racing toward renewing a 25-year-old prohibition against firearms that can evade metal detectors and X-ray machines, just days before the ban expires. But with 3-D printers increasingly able to produce plastic weapons, many Democrats, gun control advocates and law enforcement officials say the restrictions must be tightened.
Ground was broken in March 2012 at the new $500 million facility for Continental Tire, the North America arm of German-based Continental AG. Officials initially said the first tire should roll off the assembly line in 2014, with the plant completely built and fully operational in 2021.
Berry Plastics Corp. plans to close five of its manufacturing plants next year in response to weak demand for the company's plastic containers and packaging. The Evansville-based company announced the closures Friday during a quarterly earnings call with investors. The plants will close by Sept. 30, 2014, and cost about 200 workers their jobs.
Canadian engineers are on the verge of creating a car with more than 60 percent of parts made on a 3D printer. They tried to make the vehicle as small as possible, and as low to the ground as they could, for an aerodynamic advantage. Its electric powertrain can be recharged in about six hours from a regular wall socket.
The Delaware Court of Chancery has rejected a claim by Cooper Tire & Rubber Co. that Apollo Tyres breached the terms of an agreement to buy Cooper Tire. The decision handed down Friday is the latest snag in a monthslong dispute that has delayed Apollo's takeover of Findlay, Ohio-based Cooper.
Fitesta Simpsonville, Inc., today announced its plans to expand its existing Greenville Country facility to significantly increase production capacity for its spunmelt nonwoven hygiene products. The company says its $50 million investment, which will remodel the 190,000-square-foot facility, will create at least 32 new jobs.
Owens Corning, a manufacturer of fiberglass and related products, has announced its plans to construct an advanced manufacturing plant in the Gastonia Technology Park (GTP). An initial investment of $120 million will create up to 110 new jobs, with a planned completion by the end of 2014.
3D Systems (NYSE:DDD) announced today its plan to invest $10 million into its Rock Hill, S.C., manufacturing operations, which will create 145 new jobs. Local officials applauded the announcement, saying the company has a history of creating high quality and high-paying jobs that utilize many of the latest in manufacturing technologies.
British police said Friday they have seized components of a gun made from plastic on a 3-D printer and are testing to see whether it was a viable weapon. The Greater Manchester Police force said officers found a plastic magazine and trigger, along with a 3-D printer, in a raid against suspected gang members.
Could 3-D printing, also called additive manufacturing, revolutionize the production industry to the same extent as Ford's assembly line? When Michelangelo was asked how he sculpted the famous David statue, he's reported to have simply replied, "I just chipped away everything that didn't look like David."
Trident Case today announced plans to move 50 to 75 percent of its manufacturing operations from China to southern California in 2014. To that end, the company had previously acquired a 42,000-square-foot manufacturing facility in Rancho Cucamonga to facilitate the expansion.
The counterclaim, which Apollo said was filed Monday with the Delaware Court of Chancery, is the latest move in a monthslong battle between the two companies. Apollo is asking for a judgment that Cooper hasn't provided documents and met other requirements for a merger.
Hankook, the world's seventh-largest tire maker, said it will build the $800 million facility in Clarksville. Construction on the 1.5 million-square-foot facility is scheduled to begin by the end of next year, and it will begin making high-end performance tires in 2016.
Cooper Tire & Rubber Co. shares are plunging Monday as its $2.2 billion deal with Apollo Tyres Ltd. becomes more uncertain. India's Apollo is seeking a lower price than the original $35 per share it offered Cooper because of added talks for union matters.
Palmetto Synthetics, a producer of staple fiber, consisting of polyester, nylon and other specialty polymers, today announced that it will expand its existing operations in Williamsburg County. The $1.1 million investment is expected to generate 20 new jobs.
The Cassini spacecraft found small amounts of propylene, a chemical used to make storage containers and other products, in the atmosphere of Saturn's largest moon Titan. Titan is among the few bodies in the solar system with a significant atmosphere made up of hydrocarbons.
An agreement was signed at the Ministry of Economic Development by all stakeholders including local institutions, the Ministry of Welfare and trade unions to implement a conversion plan for the plant to focus solely on tires for general use, Bridgestone Europe NV/SA said.
Cooper Tire & Rubber shareholders have approved its $2.2 billion acquisition by India's Apollo Tyres Ltd. The deal, which was announced in June, gives Cooper stockholders $35 per share in cash. The companies valued the transaction at about $2.5 billion.
While the booming era of “going green” and “sustainability” in manufacturing has come and gone over the last few years, there are still innovative manufacturers that are working hard to reduce their impact on the environment. Interface Inc. has taken those efforts to another level with a program that not only utilizes recycled materials, but also helps impoverished farmers across the globe make a better living.