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Globaline
AMT compiles information and data on your customers and competitors. Covering North America, Central & South America, Asia and Europe, Globaline keeps you informed of the latest developments and future trends that impact capital spending plans in the automotive, aerospace, household appliance, medical equipment, construction/agriculture, and metalworking industries. Available only to AMT members.
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Archived News
- March 2008
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New Steel Rolling Plant in Vietnam
March 31, 2008 -- The Central Highlands' Dak Nong province on March 28 gave approval for a steel rolling plant building project, which is expected to be the largest of its kind in the area. Mar 31, 2008
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Mitsubishi Heavy to Increase Turbocharger Capacity
March 31, 2008 -- Mitsubishi Heavy Industries is planning to expand production of turbochargers. According to a Japanese press report, the company will invest ¥40bn expanding production capacity to 7m units. Mar 31, 2008
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Caterpillar to Triple China Capex
March 31, 2008 -- Caterpillar Inc.'s capital expenditure in China will triple over the next three years compared with the past three years, Chief Executive Jim Owens said Monday. Mar 31, 2008
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Daimler AG and Hero JV Approved
March 28, 2008 -- The Indian government gave approval to an Rs 16.5 billion investment by Germany’s Daimler AG on its proposed joint venture with India’s Hero Group for manufacturing commercial vehicles on Thursday. Mar 28, 2008
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Mittal Considers Steel Plant in Indonesia
March 28, 2008 -- World's largest steel maker Mittal Steel Company NV, which is based in London, is eyeing iron ore mines in Indonesia, an official said. Mar 28, 2008
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Cummins Launches JV with Beiqi Foton
March 28, 2008 -- Cummins and Beiqi Foton Motor have officially launched their new engine joint venture, reportedly the largest in China, according to AFP. Mar 28, 2008
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China's Largest Engine Manufacturer Launched in Beijing
March 27, 2008 -- China's top commercial vehicle producer Beiqi Forton Motor and Cummins Inc. just established a joint venture engine plant with an investment of CNY2.7 billion and designed annual production capacity of 400,000 sets. Mar 27, 2008
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Six Companies Looking to Supply Ford
March 27, 2008 -- Six companies supplying auto maker Ford with components, including Johnson Controls, Kirchhoff Automotive, Gestamp Automocion and Bamesa, are looking for land in Craiova to build production units as close as Ford plant as possible. Mar 27, 2008
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Neeleman of JetBlue Confirms Brazil Airline
March 27, 2008 -- The founder of U.S. discount airline JetBlue, David Neeleman, confirmed he will launch a Brazilian airline on Thursday. Mar 27, 2008
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Iran Khodro Increases Auto Production
March 26, 2008 -- Iran Khodro, Iran's auto manufacturing giant, says it plans to increase annual auto production capacity to 1,080,000 by 2011. Mar 26, 2008
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Second Phase of Pratt & Whitney $45 Million Investment in Halifax
March 26, 2008 -- Pratt & Whitney Canada is beginning the second phase of a $45 million investment program to increase the long-term competitiveness of its Halifax facility. Mar 26, 2008
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BorgWarner to Build Turbocharger Plant in Europe
March 25, 2008 -- BorgWarner broke ground for a new production facility in Rzeszow, Poland, where it plans to produce an initial 500,000 turbochargers for European car makers beginning in 2009, with expansion in the next two years to produce up to two million units. Mar 25, 2008
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Flow Wins Multi-Million Dollar Contract from Mitsubishi Heavy
March 25, 2008 -- Flow International Corporation announced that Mitsubishi Heavy Industries (MHI) has awarded the company a second multi-million dollar contract. Mar 25, 2008
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Goodway and Awea to Jointly Set Up Vietnam Plant
March 25, 2008 -- Taiwan’s most profitable machine-tool manufacturers, including Goodway Machinery Co. and Awea Mechantronic Corp., will jointly set up an assembly plant in Vietnam. Mar 25, 2008
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Mitsubishi Passenger Jets to Be Bought by Vietnam Airlines
March 24, 2008 -- Vietnam Airlines is close to becoming the first foreign airline to order Japan's first passenger jet, which Mitsubishi Heavy Industries Ltd. plans to develop under the Mitsubishi Regional Jet name or MRJ. Mar 24, 2008
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Northern Japan Home of Toyota’s Fifth Domestic Engine Plant
March 24, 2008 -- Toyota Motor Corp. announced on Friday plans to open a factory in Miyagi Prefecture to begin manufacturing small-displacement engines for subcompact cars in around 2010. Mar 24, 2008
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Kyocera America, Inc. Announces Executive Promotions
March 24, 2008 -- Kyocera America, Inc. has announced two executive-level promotions to take effect April 1, 2008. Gary Lee, currently National Product Manager, Organic Product Sales, will be promoted to Vice President, Organic Product Sales. Mar 24, 2008
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Prototype Plane Uses Composites in New Way; Cargo Aircraft Being Developed in Record Time
March 21, 2008 -- Lockheed Martin is building the first military cargo plane in which the craft's structure will be made of fibers, resins and epoxy, replacing metals such as aluminum and titanium. The composites hold huge potential for saving weight, a critical factor in aviation performance and fuel consumption, according to aviation experts. The goal is to put the test plane in the air by October 2008, one year after the $50 million contract was awarded. Mar 21, 2008
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Eaglepicher Medical Power Names Joseph Marotta Vice President of Sales and Marketing
March 21, 2008 -- EaglePicher Medical Power, a leading supplier of batteries to manufacturers of implantable medical devices, announced that Joseph (Joe) Marotta has joined the company as vice president of sales and marketing. Mar 21, 2008
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BAE Systems Receives Armor Material Contract Potentially Worth Up To $47.2 Million
March 20, 2008 -- BAE Systems has been awarded a U.S. Army contract worth up to $47.2 million to manufacture armor for Mine Resistant Ambush Protected (MRAP) vehicles. Mar 20, 2008
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Ingersoll Machine Tools Wins $242,556 Contract
March 20, 2008 – Ingersoll Machine Tools has been awarded $242,556 by the U.S Army. Mar 20, 2008
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DENSO to Establish New Company in Fukushima Prefecture, Japan to Manufacture Car Air Conditioning Systems
March 19, 2008 -- DENSO Corporation, a global automotive supplier announced that it will establish a new company in Tamura-shi, Fukushima Prefecture, Japan in April 2008, to manufacture air conditioning systems. Mar 19, 2008
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Army Orders Eleven New Boeing Chinook Helicopters
March 19, 2008 -- The U.S. Army has awarded Boeing $280.5 million for eleven new CH-47 Chinook helicopters, increasing the number of new Chinooks on contract to 59. Mar 19, 2008
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UK Johnson Matthey to Start Building Factory in Macedonia Mid-Apr 2008
March 19, 2008 -- Johnson Matthey, the UK specialty chemicals company will start construction of a $80 million factory for catalytic converters for the automotive industry in Macedonia in mid-April 2008. Mar 19, 2008
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Gehl Company Announces Departure of Thomas Rettler, CFO
March 18, 2008 -- Gehl Company today announced that Thomas M. Rettler has resigned as Vice President and Chief Financial Officer of the Company, effective April 11, 2008, to accept a position as Senior Vice President and Chief Financial Officer of Menasha Corporation, located in Neenah, Wisconsin. Gehl President and Chief Operating Officer, Malcolm F. Moore, will assume the additional duties of CFO until a successor is named. Mar 18, 2008
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Cincinnati Inc. Wins Army Contract
March 18, 2008 -- The U.S. Army Material Command's Joint Manufacturing camp; Technology Center, Rock Island, Ill., has awarded a $248,423 contract to Cincinnati Inc., Harrison, Ohio, for a hydraulic brake press. Mar 18, 2008
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Paragon Technologies Reports 2007 Results
March 18, 2008 -- Paragon Technologies, Inc., a leading supplier of "smart" material handling systems and "software-driven" warehouse and distribution center solutions, announced today results for the fourth quarter and year ended December 31, 2007. Mar 18, 2008
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BAE, Navistar Win $1.1 Billion in MRAP Truck Contracts
March 17, 2008 – BAE Systems Plc and Navistar International Corp. were awarded U.S. military contracts totaling over $1.1 billion for its Mine-Resistant Ambush Protected (MRAP) vehicles. MRAPs are designed to protect soldiers from roadside bombs, small arms fire and other explosive threats. The awards were announced in a daily list of contracts issued by the Pentagon. Mar 17, 2008
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Fiat to Invest $147 Million in Factory in Paran?
March 17, 2008 -- Fiat Group is to invest $147 million in the city of Campo Largo, in the Metropolitan Region of Curitiba (Brazil). Mar 17, 2008
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Rolls-Royce Group Signs Contract
March 14, 2008 – EgyptAir has selected the Rolls-Royce Trent 700 engine to power its recently purchased of eight Airbus A330s, due to be delivered in 2011. Mar 14, 2008
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Boeing Interested In Selling Military Aircraft to Brazil
March 14, 2008 – Boeing officials met with military and industrial leaders in Brazil to discuss the possibility of bidding for a multi-billion dollar contract this week. Mar 14, 2008
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VW Will Not Rule Out Acquisitions in Future
March 13, 2008 -- Volkswagen AG Chief Executive Martin Winterkorn said he would not rule out any acquisitions in the future. Mar 13, 2008
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Parker Hannifin Wins Contracts
March 13, 2008 -- The U.S. Air Force Materiel Command's Ogden Air Logistics Center, Hill Air Force Base, Utah has awarded a $349,620 contract to Parker Hannifin Corp., Irvine, Calif., for aircraft components and accessories. Mar 13, 2008
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Spartech Hindered by Expenses, Resin Costs
March 12, 2008 – Plastics maker Spartech Corp. said Monday its first quarter was hurt in part by increases in administrative expenses and the increased cost of resins along with a sales decline. The Clayton-based company is forming a plan to improve its performance by reducing costs, Myles Odaniell, Spartech's president and chief executive, said in a statement. Mar 12, 2008
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Suppliers to Grow Along with New Plant
March 12, 2008 -- The 500 new jobs that the BMW Group said Monday it will add at its Greer plant aren't the only new jobs that will come out of the automaker's addition of a new assembly line. Because of the nature of automotive manufacturing, major production increases at a plant such as BMW’s inevitably mean production increases across the plant's network of suppliers. Mar 12, 2008
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Kaman to Acquire Industrial Supply Corp. of Richmond, Virginia
March 11, 2008 -- Kaman Industrial Technologies Corporation (KIT) has signed a definitive agreement to acquire Industrial Supply Corp. (ISC) of Richmond, Virginia. ISC will become part of KIT, Kaman's industrial distribution segment. The transaction is expected to be completed on or about March 31, 2008. Mar 11, 2008
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Airbus Parent Stresses Plans to Expand in U.S
March 11, 2008 -- European Aeronautic Defence & Space Co. is maintaining plans to expand in the United States, despite politicians and labor unions who have been claiming the decision to award EADS the Air Force tanker contract is hurting U.S. industry. Mar 11, 2008
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BMW to Expand US Plant in South Carolina
March 10, 2008 -- BMW plans to spend $750 million in Greer, SC, to expand its manufacturing facility and create 500 new jobs. Mar 10, 2008
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Arotech Corp. - Armor Division Receives Over $8 Million in New Orders
March 10, 2008 -- Arotech Corporation’ Armor Division recently received over $8 million in orders for armored vehicles. Mar 10, 2008
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DENSO Names New President and CEO of North American Headquarters
March 7, 2008 -- Effective April 1, Haruya Maruyama will be named president and CEO of DENSO International America (DIAM), DENSO's North American headquarters. Mar 07, 2008
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Toyota Considers Aircraft Plan
March 6, 2008 -- Toyota, widely expected to become the world's top selling car maker this year, said yesterday it is considering branching out into the aircraft industry. Mar 06, 2008
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GM to Help Delphi out of Bankruptcy
March 6, 2008 -- General Motors Corp. agreed Wednesday to offer two loans worth almost $3 billion to help Delphi Corp. emerge from bankruptcy since the auto parts maker has struggled to secure the financing it needs. Mar 06, 2008
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China Plans to Build Its Own Jumbo Jets
March 6, 2008 -- China plans to set-up its own company to make passenger jumbo jets, making it less dependent on Boeing (BA) and Airbus, the official Xinhua News Agency said Thursday. Mar 06, 2008
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Boeing to Build 11 New CH-47F Chinook Helicopters
March 5, 2008 -- Boeing announced the Army awarded $280.5 million for 11 new CH-47 Chinook helicopters, increasing the number of new Chinooks on contract to 59. Mar 05, 2008
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Eighth GM Plant Idled as American Axle Strike Drags On
March 5, 2008 -- General Motors Corp said on Wednesday that an eighth plant, which builds sport utility vehicles in Wisconsin, will be affected next week as the impact from a strike against supplier American Axle & Manufacturing Holdings Inc widens for the No. 1 U.S. automaker. Mar 05, 2008
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Solar Equipment Maker Schott Chooses Albuquerque for New Plant
March 4, 2008 -- An international manufacturer of solar energy equipment plans to turn a plot of desert real estate into its North American hub for production, giving New Mexico officials hope that the state can become a player in the renewable energy industry. Mar 04, 2008
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Mississippi to be Home of New Toyoda Gosei North American Plant
March 4, 2008 -- Toyoda Gosei North American Group announced its plan to establish a new automotive parts manufacturing plant, located in Batesville, Mississippi. Mar 04, 2008
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Aston Martin Building Rapide Sedan in Austria at Magna Steyr
March 4, 2008 -- Aston Martin has signed an agreement with automotive engineering consultancy and contract assembler Magna Steyr to manufacture the marque's new Rapide sedan. Mar 04, 2008
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POSCO Breaks Ground on Joint US Steel Venture
March 3, 2008 -- POSCO, the world's fourth-largest steelmaker, said Sunday it has broken ground in California for a plant that will produce up to 270,000 metric tons of steel pipes annually for transporting gas and petroleum. Mar 03, 2008
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Pentagon Picks Northrop/EADS over Boeing for Tanker Deal
March 3, 2008 -- The US Defense Department on Friday picked a Northrop Grumman/EADS team for a 35-billion-dollar tanker contract, dealing a surprise blow to US rival Boeing and giving Europe's Airbus a US foothold. Mar 03, 2008
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Porsche Gets Green Light for Majority Stake in Volkswagen
March 3, 2008 -- Porsche's supervisory board gave the go-ahead for the luxury German sports carmaker to take a majority stake in its bigger rival and Europe's largest carmaker Volkswagen. The move, authorized by Porsche's supervisory body, will amount to an investment of almost €10 billion, the car maker said. Mar 03, 2008
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