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Globaline
Weekly publication of the most up-to-date global news on your customers and competitors. Available only to AMT members.
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Archived News
- May 2007
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US Plans Breakthrough Military Plane Sale to India
May 31, 2007 -- The Bush administration announced plans to sell India six Lockheed Martin Corp. C-130J cargo planes and related gear worth up to $1.1 billion in what would be the first major U.S. military aircraft deal with India. The sale would bolster a "U.S.-Indian strategic relationship that continues to be an important force for political stability, peace and economic progress in South Asia," the Pentagon's Defense Security Cooperation Agency said in a notice to Congress made public this week. May 31, 2007
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BAE Systems Set to Create Joint Venture with South African Denel
May 31, 2007 -- Defence Group BAE Systems PLC is in talks with the South African government to create a jointly owned company with Denel, the state-owned defence group, the Financial Times reported. May 31, 2007
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Mitsubishi Heavy Receives Orders for Wind Turbines in US
May 30, 2007 -- Mitsubishi Heavy Industries Ltd said it received in the US orders for wind turbine power generation systems which will have combined capacity of 1,363.4 megawatts, nearly equal the size of Japan's existing total wind power generation capacity. May 30, 2007
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Ford Targets Full-Scale Production in Russia
May 30, 2007 -- Ford is interested in making 100% of components for its Russian plant on the spot, stated Henrik Nenzen, Ford president for Russia. That would allow the company to cut its transportation costs. To this end, however, Ford will have to set up the on-spot production of pressed parts and engines, which constitute 50% to 60% of total automotive production costs. May 30, 2007
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Vietnam Steel, Tata Sign Deal to Build $3.5 Billion Steel Plant
May 30, 2007 -- The Vietnam Steel Corporation (VSC) and India-based Tata Steel Corporation signed a memorandum of understanding in Hanoi on Tuesday, for the construction of a steel complex in central Ha Tinh province. Under the MoU, the two sides will carry out a feasibility study for a US$3.5 billion complex in Vung Ang Economic Zone. The study will be finished in September 2008. May 30, 2007
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Johnson Controls Joins Forces with Proseat
May 29, 2007 -- Johnson Controls has joined with Proseat (joint venture between Recticel and Woodbridge) to set up a new manufacturing joint venture for the production of molded foam seating cushions in Slovakia and Poland. May 29, 2007
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Nissan Motor to Market Renault Model in Mexico
May 29, 2007 -- Nissan Motor Co. intends to market Renault SA's mainstay Logan model under an OEM agreement in Mexico beginning this summer, The Nikkei learned Monday. The automaker is yet to decide on a name for the Nissan brand version. May 29, 2007
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ThyssenKrupp's Uhde Gets Record Plant Order
May 29, 2007 -- ThyssenKrupp's plant engineering unit Uhde received a record order worth more than 650 million euros ($874.6 million) to build a turnkey fertiliser complex in Egypt, the company said on Tuesday. May 29, 2007
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Hino Motors to Set Up Factory in Columbia in 2008
May 25, 2007 -- Hino Motors Ltd. plans to open a factory in Columbia around fall 2008, which will make it the first Japanese truck manufacturer to establish a production base in South America. May 25, 2007
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Bombardier Transportation Announces Joint Ventures for Russia
May 25, 2007 -- The propulsion equipment will be used for locomotives of the Russian Railways and for other customers, also outside of Russia. Production of at least 600 converters is targeted by 2012. May 25, 2007
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Mitsubishi Materials to Quadruple Output of Forged Aircraft Parts
May 24, 2007 -- The firm will invest 3 billion yen (US$24.7 million) over three years in its plant in Saitama Prefecture in order to boost output of engine cases made with heat-resistant alloys. May 24, 2007
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IMI Acquires US Suppliers for £40 Million
May 24, 2007 -- Birmingham-based engineering group IMI has agreed to acquire US firm Kloehn Co, a provider of specialist pumping and fluid handling systems for the medical sector, for up to £40.6 million (EUR80 million). May 24, 2007
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ABB Wins $70 Million Order for Delhi Metro
May 24, 2007 -- ABB has won a $70 million order to provide electrical equipment to help Delhi Metro Rail Corporation Ltd almost triple the length of its commuter network by 2010. May 24, 2007
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Medtronic Announces Fiscal Year Results
May 23, 2007 -- Medtronic recorded fiscal year 2007 revenue of $12.299 billion, a 9 percent increase over the $11.292 billion in fiscal year 2006. May 23, 2007
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JB Tool Expanding Equipment, Workforce
May 23, 2007 -- Strong growth from a large customer is fueling a $2.3 million investment at JB Tool Die & Engineering Inc. May 23, 2007
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Takamatsu Machinery Gets Order from Chinese Company
May 23, 2007 -- Japanese machine tools maker Takamatsu Machinery Co has received an order to build 50 machine tools worth some 300 mln Japanese yen ($2.5 mln/1.8 mln euro) for an unnamed small-size engines maker in Shenzhen, southern China. May 23, 2007
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Shimadzu to Buy Mitsubishi Vacuum Pump Operations
May 22, 2007 -- Shimadzu Corp. announced plans to acquire Mitsubishi Heavy Industries Ltd.'s vacuum pump operations, paving the way for the precision equipment producer to manufacture larger pumps. May 22, 2007
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Unilife Signs US Manufacturing Deal
May 22, 2007 -- Australian medical sharps safety producer Unilife Medical Solutions Ltd has signed a $A20 million ($US16.4 million) manufacturing agreement with a US developer of similar products. May 22, 2007
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Wuhan to Build Equipment Manufacturing Base
May 22, 2007 -- Wuhan, capital city of central China's Hubei Province, plan to build a state-class equipment manufacturing base with independent innovation capacity. May 22, 2007
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Brazil Market Attracts Kia and More Jobs
May 21, 2007 -- Sales are exceeding all forecasts for the Brazilian market so far this year. From January to April, deliveries rose 23% year on year, suggesting an all-time record of over 2.2m units is likely in 2007. May 21, 2007
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Sharp to Build LCD Panel Plant in Osaka
May 21, 2007 -- Sharp Corp. will construct an LCD panel plant in Sakai, Osaka Prefecture, to meet growing demand for large flat-screen TVs at home and abroad. May 21, 2007
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Hurco Reports Strong Second Quarter Results
May 18, 2007 -- Hurco Companies, Inc., today reported net income of $4,680,000, or $.73 per share, for its second fiscal quarter, which ended April 30, 2007, compared to $3,929,000, or $.62 per share, for the corresponding period in 2006. For the first six months of fiscal 2007, Hurco recorded net income of $10,075,000, or $1.57 per share, compared to $6,962,000, or $1.09 per share, for the corresponding period in 2006. May 18, 2007
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MAG Wins Four Major Orders to Machine CGI Cylinder Blocks
May 18, 2007 -- In a dramatic announcement, MAG Industrial Automation Systems claims to have received major volume production orders for machining lines to process compacted graphite iron (CGI) vee diesel engine cylinder blocks in four facilities in North America. According to Roger Cope, vice chairman of MAG industrial Automation Systems and president of MAG International, the company has supported CGI simultaneous engineering projects for US OEMs during 2006 and as a result has major received orders for machine tool equipment. Cope added that the capacity of three of the four lines will be doubled from that originally intended because of the massive production needs of the customers. May 18, 2007
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Renault Announces Investment to Produce Logan in Argentina
May 18, 2007 -- Renault Argentina's head, Dominique Maciet, has announced that the company will invest US$65 million in its Santa Isabel plant in Cordoba province to produce the Logan ”world car”, according to AFX News, citing a local company statement. Renault Mercosur General Director Jerome Stoll last week announced that Maciet had signed an agreement with Argentine President Nestor Kirchner to invest a total of US$80 million in the country, including the cost of upgrading the plant to produce the Clio II, and an increase in Kangoo production. May 18, 2007
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