AMT Online - Today's Headlines Archives - 05-2008;blowtokarmannmagnasteyr

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Archived News - May 2008

Bosch to Close Beauvais Site
May 30, 2008 -- The German technologies group Bosch has unveiled a plan for changes to its braking systems business, which will affect five French production sites.
May 30, 2008
Bombardier to Invest $250 Million in Mexican Project
May 30, 2008 -- Bombardier will invest $250 million in a project to build parts in Mexico for the Learjet 85, creating 1,100 jobs in Queretaro state.
May 30, 2008
Chery Considers Assembly Sites
May 29, 2008 -- Chinese car manufacturer Chery is reportedly looking for potential manufacturing sites in South America.
May 29, 2008
BAE Systems Ground Systems Wins $525.3 Million Contract
May 29, 2008 -- The U.S. Army has awarded a $525.3 million contract to BAE Systems Ground Systems, York, Pa., for remanufacturing of M2A3 and A3 Bradley Fire Support Team Vehicles.
May 29, 2008
American Axle Plans to Close Plants, Buy Out and Lay Off
May 29, 2008 -- American Axle & Manufacturing Holdings Inc. said Wednesday that it will cut about 2,000 jobs through early retirement and buyout offers, plant closures and layoffs.
May 29, 2008
Southeastern Tool and Die on the Move
May 28, 2008 -- Southeastern Tool and Die Inc. started out more than 20 years ago with a 2,000-square-foot machine shop and two employees. This summer, the company south of Aberdeen is moving its plant to a location that has 125,000 square feet.
May 28, 2008
Rolls-Royce Establishes JV with GKN Aerospace
May 28, 2008 -- Rolls-Royce announced Wednesday it has established a joint venture company with GKN Aerospace to carry out research and development into the use of composite materials in aero engine fan blades.
May 28, 2008
American Axle & Manufacturing Announces New Business Backlog of $1.4 Billion
May 28, 2008 -- American Axle & Manufacturing Holdings Inc. on Wednesday said its business backlog of new and incremental business launching from 2009 through 2013 stands at $1.4 billion.
May 28, 2008
Brilliance and BMW JV to Launch Second Plant in 2008
May 27, 2008 -- Brilliance BMW, a joint venture between Brilliance Automotive and BMW will start construction of a second plant in the latter half of year, with investment estimated at €1 billion.
May 27, 2008
South Korea's Kia Motors to Build Small Cars at New U.S. Plant
May 27, 2008 -- Kia Motors Corp., South Korea's second-largest automaker, will produce small cars at its first assembly plant in the United States because high-flying oil prices are boosting demand for gas-sipping vehicles, according to a senior executive of Hyundai Motor Co., Kia's parent.
May 27, 2008
Mitsubishi Heavy to Invest $287 Million on Solar Cells
May 23, 2008 -- Mitsubishi Heavy Industries Ltd. said Thursday that it plans to spend roughly ¥30 billion over the next three years to more than double its solar cell output to 120 megawatts a year by fiscal 2010.
May 23, 2008
Toyota, Matsushita to Build Two Plants for Hybrid-Vehicle Batteries
May 23, 2008 -- Toyota Motor Corp. and Matsushita Electric Industrial Co. intend to build two plants for churning out batteries used in hybrids and other environmentally friendly cars.
May 23, 2008
China's Baotou to Launch Rare Earth Special Alloy Steel Project
May 22, 2008 -- Baotou Longshun Steel Pipe Co., Ltd. just signed a cooperation agreement with local government on building a rare earth special alloy steel project and associated facilities in Baotou city in the Inner Mongolia Autonomous Region.
May 22, 2008
NDRC Pushes Ahead with Transmission Research and Development
May 22, 2008 -- Encouraged by the National Development and Reform Commission (NDRC), more than ten complete automobile manufacturers and U.S.-based BorgWarner Inc. jointly established a joint venture to research and develop the key technology for dual-clutch transmissions (DCT).
May 22, 2008
Plastech to Be Dissolved
May 22, 2008 -- U.S. supplier, Plastech Engineered Products Inc. will be dissolved. The company filed for Chapter 11 bankruptcy on February 1st and is negotiating to sell its interior parts business to Johnson Controls Inc. (JCI).
May 22, 2008
GCC Countries Investing $18 Million in New Steel Plants
May 21, 2008 -- More than $18 billion is being invested in 46 steel manufacturing plants throughout the Arabian Gulf in an attempt to close the widening gap between supply and demand for steel, according to latest industry research.
May 21, 2008
EQT to Acquire the Heavy Duty Engine Cooling Division of Valeo
May 21, 2008 -- EQT Opportunity has agreed to acquire the heavy duty engine cooling division of Valeo, the French automotive Group.
May 21, 2008
China Steel Australia Expects to Treble Production by 2009
May 20, 2008 -- Nickel pig iron producer China Steel Australia says it is on target to meet key forecasts this financial year and expects to treble production capacity by January 2009.
May 20, 2008
Plastech to Close Two Additional Plants in U.S.
May 20, 2008 -- Bankrupt supplier Plastech Engineered Products has announced that it is to close two more plants as part of the company's ongoing restructuring efforts.
May 20, 2008
VT, BAE to Finalize Joint Venture
May 20, 2008 -- VT Group Plc. said it and BAE Systems Plc. will finalize arrangements for their long-awaited joint venture to combine their shipbuilding and naval support operations after the UK Ministry of Defense (MoD) approved a project to build two aircraft carriers for the Royal Navy.
May 20, 2008
Honeywell Buys Norcross
May 19, 2008 -- Honeywell International has purchased Norcross Safety Products, LLC, parent of the Cranston-based manufacturer North Safety Products, for approximately $1.2 billion, the companies announced yesterday.
May 19, 2008
San Angelo is Lone Texas Finalist for Wind-Turbine Manufacturing Plant
May 19, 2008 -- San Angelo is set to make a "very strong offer" to entice one of Europe's largest construction companies to build its first North American wind-turbine manufacturing plant here, officials said Saturday.
May 19, 2008
VW, MAN Mull Building Brazil Plant for Truck Components
May 19, 2008 -- Volkswagen A.G. and MAN A.G. are examining the possibility of building a plant that will make truck components in Brazil, according to VW supervisory board sources.
May 19, 2008
South Korea's LG Display Plans Massive Plant Expansion
May 16, 2008 -- LG Display Co., the world's second-largest maker of liquid crystal display panels, said Friday it plans to invest $957.4 million to increase production at its plant.
May 16, 2008
Russia Seeks Foothold in Helicopter Market
May 16, 2008 -- Heli-Russia, the first ever dedicated helicopter show to take place in the country, has been the venue for a major deal.
May 16, 2008
Italy 2007 Robot Exports at €135 Million
May 16, 2008 -- Italian robot exports stood at €135 mln in 2007, an 8.0 pct year-on-year increase, according to a report of the research centre of the Italian Association of Machine Tools and Robots Manufacturers.
May 16, 2008
Spirit Aerosystems Secures Airbus A350 XWB Contract
May 15, 2008 -- Spirit AeroSystems, Inc. today announced it has signed a contract with Airbus to design and produce a major composite fuselage structure for the A350 XWB (Xtra Wide-Body) program.
May 15, 2008
Mitsubishi to Expand Engine Production in China
May 15, 2008 -- Japanese automaker Mitsubishi Motors plans to double its annual production capacity of engine to 420,000 in Shenyang, capital city of northeast China's Liaoning province.
May 15, 2008
Mitsubishi Plans to Expand Production Capacity in China
May 14, 2008 -- Mitsubishi Motors plans to double its Shenyang engine plant's annual production capacity up to 200,000 sets by 2010, bringing its total capacity up to 420,000 sets.
May 14, 2008
Tungaloy to Boost Chinese Superhard-Tool Production by 40 Percent
May 14, 2008 -- Superhard-tool manufacturer Tungaloy Corp. aims to raise Chinese production capacity for exchangeable machine tool cutting tips by 40 per cent to 1 million units a month by fiscal 2011.
May 14, 2008
ArcelorMittal and ThyssenKrupp See Bright Future for Steel
May 14, 2008 -- Europe's largest steelmakers, ArcelorMittal SA and ThyssenKrupp AG, on Wednesday saw higher profits in the first three months of the year and bright prospects ahead as strong global demand allows them hike prices to cover climbing costs.
May 14, 2008
Pratt & Whitney’s Engine Selected to Power Learjet 85 Aircraft
May 13, 2008 -- Designer and manufacturer of aircraft engines Pratt & Whitney Canada, announced that the company's PW307B engine has been selected by Bombardier Aerospace to power the all-new composite Learjet 85 midsize business jet.
May 13, 2008
Magna Now America's Biggest Parts Supplier
May 13, 2008 -- Magna International Inc. is now the largest parts supplier in North America, according to an annual compilation by industry trade publication Automotive News.
May 13, 2008
India's Ashok Leyland, JBM Auto Enter into Strategic Alliance
May 13, 2008 -- Indian auto major Ashok Leyland says it has signed an agreement with component maker JBM Auto for setting up a manufacturing unit entailing an investment of Rs 1 billion at the company's upcoming plant in Uttrakhand.
May 13, 2008
Indian Manufacturing Sector Growth Declined In 2007-08
May 12, 2008 -- India's manufacturing sector witnessed a decline between April 2007 and March 2008, says a survey conducted by a leading industry chamber.
May 12, 2008
Finmeccanica Close to $5.4 Billion DRS Deal
May 12, 2008 -- Italian aerospace and defense contractor Finmeccanica Spa is on the verge of closing a deal to acquire U.S. Army supplier DRS Technologies, Inc. for $5.4 billion.
May 12, 2008
Toyoda Gosei North American Group to Open Manufacturing Facility in Mexico
May 12, 2008 -- Toyoda Gosei North American Group announced its plan to establish a new automotive parts manufacturing facility located in San Luis Potosi, Mexico.
May 12, 2008
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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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