AMT Online - Today's Headlines Archives - 04-2008;cargoaircraftbeingdevelopedinrecordtime

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Archived News - April 2008

Chrysler May Sell Michigan Axle Plants
April 30, 2008 -- Chrysler may sell its two Michigan axle plants.
Apr 30, 2008
Whirlpool, Hisense Set Up China Joint Venture
April 30, 2008 -- Whirlpool, the world's leading home appliance maker, and Chinese conglomerate Hisense have formed a joint venture for global consumers.
Apr 30, 2008
GKN Driveline to Open New Wuhan Facility
April 30, 2008 -- GKN Driveline plans to open a major new production facility in Wuhan, China, next year.
Apr 30, 2008
GKN Driveline Continues Expansion in China
April 29, 2008 -- GKN Driveline plans to open a major new production facility in Wuhan, China, next year.
Apr 29, 2008
SPX Wins $3.17 Million Contract
April 29, 2008 -- The SPX Corp. of Newington, Conn., has been awarded a $3.7 million contract by the U.S. Army to supply helicopter rotor blades, drive mechanisms and components.
Apr 29, 2008
Sandvik to Build New Plants in China
April 28, 2008 -- The Swedish-based Sandvik group, one of the world's largest engineering equipment producers, plans to expand its manufacturing production bases on the Chinese mainland this year to tap the nation's mining and construction boom.
Apr 28, 2008
J. Greg Davis Appointed President & Chief Executive Officer of Tryton Medical, Inc.
April 28, 2008 -- Tryton Medical, Inc. announced today that it has appointed J. Greg Davis as President and Chief Executive Officer.
Apr 28, 2008
BAE Systems Receives $31.6 Million Contract to Manufacture New Mk 14 Missile Launching Canisters for the U.S. Navy
April 28, 2008 -- BAE Systems has received a $31.6 million contract to manufacture Mk 14 Mod 2 Tomahawk missile launching canisters for the U.S. Navy.
Apr 28, 2008
China's Local-Made Machine Tools Market Share Grows
April 25, 2008 -- The market share of home-made numerically-controlled machine tools has grown rapidly from 21 per cent to 48 per cent in 2007, and 2007 witnessed the fastest growth, according to the China Association of Machine Tool Industry.
Apr 25, 2008
Germany’s Bosch Plans Auto Component Plant in Vietnam
April 25, 2008 -- German-based Bosch group has officially inaugurated its 100% foreign-owned affiliate Robert Bosch Vietnam Co. Ltd. to proceed with the group's first facility to produce push belts for vehicles in the Southeast Asian country.
Apr 25, 2008
Manufacturers Say Outsourcing Maintenance Will Keep Plants Viable
April 25, 2008 -- Manufacturers in the United States are looking to outsource the maintenance of their factory assets to bolster their plant operations against recession, according to the results of a new report by Advanced Technology Services Inc. (ATS) conducted with Nielsen Research.
Apr 25, 2008
Nordam Signs $100 Million Agreement with Gulfstream
April 24, 2008 -- The Nordam Group has signed two separate agreements with Gulfstream Aerospace, with one valued at $100 million, officials said Tuesday.
Apr 24, 2008
Robert Bosch to Invest €55 Million in Vietnam by 2015
April 24, 2008 -- Germany's Robert Bosch GmbH plans to invest €55 million in Vietnam by 2015, state media reported Thursday.
Apr 24, 2008
Bosch Rexroth Announces 2007 Results
April 23, 2008 -- Bosch Rexroth AG, parent company of Bosch Rexroth Corporation in North America, announces $7.4 billion in sales for 2007 -- up 8.8 percent from the previous year.
Apr 23, 2008
Hitachi Cable to Purchase Austrian Medical Device Cable Firm
April 23, 2008 -- Hitachi Cable Ltd. said Tuesday that it will buy an Austrian manufacturer of medical equipment cables in a bid to strengthen its presence in Europe.
Apr 23, 2008
Krakatau to Build Integrated Steel Plant in S. Kalimantan
April 23, 2008 -- Indonesian steel maker PT Krakatau Steel plans to build an integrated steel plant in South Kalimantan at a total cost of $600 million to meet demand for ingot steel.
Apr 23, 2008
Biman Signs Deal With Boeing to Buy 8 New-Generation Aircraft
April 22, 2008 -- Biman Bangladesh Airlines Limited, the national flag carrier, has signed a deal with US plane-maker Boeing to procure eight new-generation aircraft.
Apr 22, 2008
Magna International Expands Manufacturing in U.S.
April 22, 2008 -- Cosma International, an operating unit of Magna International Inc. and a leading global automotive metalforming supplier, announced today that it has signed an agreement with Ogihara America Corporation to acquire Ogihara's stamping and sub-assembly plant in Birmingham, Alabama, which recorded sales of $140 million in 2007.
Apr 22, 2008
Anglo-Italian Firm Aims at £1 Billion Deal
April 21, 2008 -- AgustaWestland, the Anglo-Italian helicopter maker with a facility in Yeovil, Somerset, is poised to take part in a £1billion competition to supply military helicopters to India.
Apr 21, 2008
Arvinmeritor Clinches Export Tie with China's Chery
April 21, 2008 -- Auto component supplier Arvin Meritor said on Monday it had won a contract to supply shock absorbers to China's No. 4 automaker, Chery Automobile Co, and was building a new factory in China to make those parts for Chery and potentially other automakers for export.
Apr 21, 2008
Awea, Tongtai Happy with Influx of Orders for Machine Tools
April 21, 2008 -- Thanks to the increased demand of the European and emerging markets, Taiwan’s leading manufacturers of machine tools, including Awea Mechantronic Corp., Tongtai Machine & Tool Co., and Goodway Machine Corp., are gearing up to expand production in the second quarter of this year.
Apr 21, 2008
Good Friend International Announces 2007 Annual Results
April 18, 2008 -- Good Friend International Holdings Inc., which is engaged in the design and production of computer numerical control (CNC) machine tools, parking garage structures, as well as forklift trucks in the PRC, today announced its annual results for 2007.
Apr 18, 2008
Bombardier Names Delphi Exec Guy Hachey President
April 18, 2008 -- Bombardier Inc. has hired auto industry executive Guy Hachey as president and chief executive officer of Bombardier Aerospace.
Apr 18, 2008
India's Tata Motors Enters Thailand
April 17, 2008 -- After firmly positioning itself in different areas and businesses, Tata is entering into a new market.
Apr 17, 2008
Schaeffler Invests in Bearing Project in Northwest China
April 17, 2008 -- The German-based Schaeffler Group has begun the construction of a CNY800 million bearing plant in Yinchuan, capital city of northwest China's Ningxia Hui Autonomous Region.
Apr 17, 2008
New Dana CEO is Former Toyota Executive
April 17, 2008 -- Auto parts supplier Dana Holding Corp. named a retired Toyota Motor Corp. executive as its new chief executive on Thursday.
Apr 17, 2008
Pentagon to Buy 12 Lockheed F-35s
April 16, 2008 -- The Defense Department is buying more of Lockheed Martin Corp.'s F-35 Lightning II fighters as part of the plane's early production.
Apr 16, 2008
Gipi Manufacturing to Build New Facility in Sohar
April 16, 2008 -- Hilal bin Badr al Busaidi, Wali of Sohar, today laid the foundation stone for the new Gulf International Pipe Industry LLC (GIPI) plant in Sohar with $104 million in investments and a capacity of 250,000 tons per annum.
Apr 16, 2008
Embraer Announces New Industrial Unit in Brazil
April 16, 2008 -- Brazilian aircraft manufacturer Empresa Brasileira de Aeronautica (ERJ) announced it will build a new industrial unit in Taubate in the interior of Sao Paulo state.
Apr 16, 2008
Arvin Sango’s New Henderson Manufacturing Facility
April 15, 2008 -- Arvin Sango, Inc. will build a new manufacturing facility in Henderson, Tenn. The automotive parts manufacturing company will build exhaust systems for the Toyota Highlander SUV model slated for production at Toyota's newest assembly plant in northern Mississippi, currently under construction.
Apr 15, 2008
Toyota to Make Cheapest Model at New India Plant
April 15, 2008 -- The new subcompact to be produced at Toyota Motor Corp.'s second assembly plant in India will carry the lowest price tag in the automaker's family of vehicles.
Apr 15, 2008
Volvo to Expand Business in China
April 14, 2008 -- China will become a major market for Volvo and one of the largest business growth spots in Asia, said Par Ostberg, Senior Vice President of Volvo Group. With 4,000 employees, Volvo posts sales of $1.5 billion annually in China.
Apr 14, 2008
Shanghai Aircraft New Supplier for Airbus
April 14, 2008 -- Shanghai Aircraft Manufacturing Factory (SAMF) became a supplier to Airbus on Friday when it delivered its first set of cargo door frames for the Airbus A320 family of aircraft to the French company. The delivery was realized through the joint efforts of the two companies that started at the end of 2005.
Apr 14, 2008
Kobe Steel to Double Automotive Aluminum Panel Capacity
April 11, 2008 -- Kobe Steel Ltd. is raising production capacity by 100 percent for automobile-use aluminum paneling in order to meet growing demand as automakers seek to make cars lighter.
Apr 11, 2008
U.S. Bearings Producer to Set Up Plant in China's Hunan
April 11, 2008 -- The Timken Company and Xiangtan Electric Manufacturing Co., Ltd. will set up a joint venture in Hunan Province with a total investment of $39 million.
Apr 11, 2008
San Diego MTS Orders 250 Cummins Engines
April 11, 2008 -- Cummins Westport Inc., a leading provider of high-performance, alternative fuel engines for the global market, announced today that the San Diego Metropolitan Transit System has ordered 250 CWI ISL G engines to be installed in New Flyer, 40-foot, low-floor vehicles.
Apr 11, 2008
Tata Motors to Drive into Premium Trucks Segment
April 10, 2008 -- India’s Tata Motors Ltd. will soon try making entry into the global market for commercial vehicles, with a line-up of about eight premium trucks developed at its Jamshedpur manufacturing facilities.
Apr 10, 2008
Honeywell Wins Engine Deal from Embraer
April 10, 2008 -- Honeywell International Inc. has won its biggest business jet engine order, beating two rivals for a $23 billion contract from Empresa Brasileira de Aeronautica SA.
Apr 10, 2008
MAN Group to Invest €30 Million in Denmark
April 10, 2008 -- German engineering and truck manufacturer MAN AG is planning to invest €30 million in its Danish sites, the company said Thursday.
Apr 10, 2008
JFE to Follow Nippon Steel into Brazil
April 9, 2008 -- JFE Steel Corp. intends to spend ¥500-600 billion to build a steelworks in Brazil on the heels of a similar move recently announced by archrival Nippon Steel Corp.
Apr 09, 2008
Metso to Set Up $47 Million Indian Industrial Unit
April 9, 2008 -- Global engineering and technology firm Metso today said it will invest $47 million to set up an industrial facility in Rajasthan.
Apr 09, 2008
Nissan to Enter US Commercial Vehicle Segments
April 9, 2008 -- Nissan North America has announced that it will be entering the commercial vehicle market in North America, offering three vehicles designed specifically for the local market.
Apr 09, 2008
Victor Reinz Setting up Manufacturing Unit in Pune
April 8, 2008 -- Victor Reinz India Pvt Ltd, a joint venture between Reinz Dichtungs GmbH, Germany and the Pune-based Jayant Group, is setting up a greenfield manufacturing unit at Talegaon in Pune to manufacture multilayer steel cylinder head gaskets, secondary gaskets and heat shields for the automotive segment in the country.
Apr 08, 2008
Honda Revamping Ops in Americas
April 8, 2008 -- Honda Motor Co. is making major changes in production in North and South America in a bid to enhance operating efficiency across the region.
Apr 08, 2008
Federal-Mogul Corporation’s New Executive Appointments
April 7, 2008 -- Federal-Mogul Corporation announces senior leadership changes in the finance, global purchasing, corporate communications and investor relations departments.
Apr 07, 2008
Chinese Carmaker Chery Builds its Own Engine Block Plant
April 7, 2008 -- Chinese carmaker Chery Automobile has started the construction of a foundry plant of engine blocks with an investment of more than CNY2 billion to meet its demand of car production.
Apr 07, 2008
Asahi Kasei to Invest ¥800 Billion in 5 Year Plan
April 7, 2008 -- Asahi Kasei Corp. has announced a five-year plan that calls for spending of roughly ¥800 billion on plant and equipment, continuing the firm's strategy of aggressive investing.
Apr 07, 2008
GAZ and Magna International May Create Several JVs
April 4, 2008 -- Russia’s GAZ Group is considering opportunities to set up a host of joint ventures with Canada’s Magna International, said GAZ CEO Sergei Zanozin.
Apr 04, 2008
Cummins Plans Rs 200 Crore Capacity Expansion
April 4, 2008 -- Rising input costs may slow growth for Cummins India Ltd as the company will spend Rs 100 crore this year to expand capacity for making more power generation and automotive engines, says Cummins India Area's vice president Anant J Talaulicar.
Apr 04, 2008
Denso Appoints New Presidents
April 3, 2008 -- Denso's joint venture Kyosan Denso Manufacturing Kentucky (KDMK) has appointed a new president for its Mt Sterling facility.
Apr 03, 2008
India's HAL in $600 Million Deal with Russia's Ilyushin
April 3, 2008 -- India's state-owned military-plane maker Hindustan Aeronautics Ltd. (HAL) is partnering with Russia’s Ilyushin Design Bureau in a joint venture to develop a multi-role transport aircraft.
Apr 03, 2008
China's FAW Car Sees 75 Percent Profit Surge in 2007
April 3, 2008 -- FAW Car Co Ltd achieved 74.78 per cent increase of profits in 2007, according to its annual performance report published on Wednesday.
Apr 03, 2008
Caterpillar to Double China Investment
April 2, 2008 -- Caterpillar, the world’s largest mining and construction equipment producer, will increase its investment in China twice in the coming three years, said Jim Owens, chairman of the company.
Apr 02, 2008
Saab Wins Radar Order Worth £30 Million
April 2, 2008 -- Saab AB said it has won orders for five GIRAFFE AMB multi-mission radar systems worth around £30 million from prime contractor Lockheed Martin UK - INSYS, for use in the United Kingdom.
Apr 02, 2008
Lockheed Martin Wins $595.8 Million Contract
April 1, 2008 -- The U.S. Air Force has awarded a contract modification valued at up to $595.8 million to Lockheed Martin Corp., Marietta, Ga.
Apr 01, 2008
DuPont Titanium Announces a Price Increase
April 1, 2008 -- DuPont Titanium Technologies today announced a price increase for all DuPont(TM) Ti-Pure(R) titanium dioxide grades sold in the Euro markets of Central and Eastern Europe, Turkey, Greece and North Africa.
Apr 01, 2008
GM To Overhaul Tennessee Saturn Plant
April 1, 2008 -- A $690-million retooling of General Motors' (GM) Spring Hill assembly plant to accommodate the September launch of the new Chevrolet Traverse large crossover utility vehicle (CUV) is underway.
Apr 01, 2008

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