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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 2008
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Hyundai Heavy to Build $181 Million Solar Cell Plant
May 9, 2008 -- Hyundai Heavy Industries Co., the world's largest shipbuilder, said it plans to invest $181 million to build a solar-cell plant, as part of efforts to diversify its revenue resources. May 09, 2008
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Spartan Motors Awarded $56.4 Million Contract by BAE Systems
May 9, 2008 -- Spartan Chassis, Inc., a subsidiary of Spartan Motors, Inc. (SPAR), has been awarded a subcontract order from defense contractor BAE Systems worth approximately $56.4 million to support the production of advanced tactical vehicles under the Mine Resistant Ambush Protected, or MRAP, program. May 09, 2008
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Doosan Heavy Wins $240 Million Power Equipment Deal
May 8, 2008 -- Doosan Heavy Industries & Construction Co., South Korea's largest maker of power equipment, said Thursday that it has won a deal valued at $240 million to supply power plant-related equipment to a U.S. firm. May 08, 2008
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Lockheed Lands Singapore Deal
May 8, 2008 -- Lockheed Martin Corp.'s Orlando missiles unit has landed a multimillion-dollar deal to build advanced weapons targeting systems for Singapore's fleet of F-16 fighter jets, the company said Wednesday. May 08, 2008
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Hardinge Reports Results for First Quarter 2008
May 8, 2008 -- Hardinge Inc., a leading international provider of advanced material-cutting solutions, today reported net sales of $85.6 million for the first quarter of 2008, a decrease of 2% compared to $87 million of net sales in the first quarter of 2007. May 08, 2008
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China's Large Aircraft Company to Be Launched May 11
May 7, 2008 -- China's large airplane company will be established May 11 in Shanghai in the name of "China Commercial Aircraft Co., Ltd. May 07, 2008
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German BSH Hikes 2007 Profit to €637 Million
May 7, 2008 -- German household appliances maker Bosch-Siemens Hausgeraete GmbH (BSH) saw its pretax profit rise 17.5 pct year-on-year to a record-high of €637 mln in 2007, the company announced on May 7, 2008. May 07, 2008
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EP Manufacturing in Deal with Robert Bosch
May 7, 2008 -- EP Manufacturing has teamed up with Germany's Robert Bosch GmbH to supply 150,000 sets of starter motors and alternators per year for two global carmakers operating in Thailand. May 07, 2008
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Vietnam's Nuclear Energy Law Awaits Approval
May 6, 2008 -- A law on nuclear energy is expected to be approved by the Vietnamese National Assembly this month, paving the way for the country's first nuclear power plant. May 06, 2008
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Subsidiary Acquires Champion Parts Assets
May 6, 2008 -- Subsidiary Acquires Champion Parts Assets Cash Technologies, Inc. ("Cash Tech") announced that its CPI Holdings, LLC subsidiary has completed its acquisition of certain assets of Champion Parts, Inc. from PNC Business Credit, Inc. for $2.97 million which have a book value of approximately $12.1 million. May 06, 2008
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BAE Systems Receives $6 Million Contract
May 5, 2008 -- BAE Systems has been awarded a $6 million contract for a Foreign Military Sale of Family of Medium Tactical Vehicles (FMTV) destined for Jordan. May 05, 2008
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Taiwan's Machine Tool Exports Likely to Rise 15 Percent in 2008
May 5, 2008 -- The volume of Taiwan's machine tool exports is expected to increase 15-20 per cent this year as market demand remains brisk, the Taiwan Association of Machinery Industry (TAMI) forecasted Saturday. May 05, 2008
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Hampson to Buy Two U.S. Firms
May 5, 2008 -- U.K. aerospace company and machine tool supplier Hampson Industries said it will spend up to $314 million on two privately held Michigan-based makers of aerospace parts. May 05, 2008
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Plastech Gets Financing to Stay in Operation
May 2, 2008 -- A federal bankruptcy judge has approved financing that allows struggling auto parts maker Plastech Engineered Products Inc. to keep operating through Aug. 31. May 02, 2008
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Hyundai E&C Wins $2 Billion Construction Deal in Qatar
May 2, 2008 -- Hyundai Engineering & Construction Co., South Korea's third largest builder, said Friday it has inked a $2.07 billion preliminary deal to build a desalination and electric power plant in northeastern Qatar. May 02, 2008
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Sumitomo Heavy to Bolster Global Capacity in Reduction Gears
May 2, 2008 -- Sumitomo Heavy Industries Ltd. will invest more than $19.18 million to increase its global production capacity for industrial machinery reduction gears. May 02, 2008
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VW Nixes North Carolina Plant Possibility
May 1, 2008 – North Carolina is no longer in the running to land a major Volkswagen assembly plant, based on statements recently released by the German automaker's U.S. executives. May 01, 2008
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China Steel Australia Plans Expansion to Triple Output
May 1, 2008 -- China Steel Australia Ltd plans to at least triple its nickel pig iron production capacity through an $86.73 million expansion of its Linyi plant in China's Shandong Province. May 01, 2008
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Lockheed Martin Wins $190 Million Contract Modification
May 1, 2008 -- The U.S. Navy has awarded a contract modification valued at up to $190 million to Lockheed Martin Corp., Fort Worth, Texas, for special tooling and special test equipment associated with the Lot two Low Rate Initial Production of the F-35 Joint Strike Fighter. May 01, 2008
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