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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
- June 2007
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600 Group Success as Tool Sales Go Up
June 29, 2007 -- An engineering group has seen global sales rise by more than a tenth, with the most significant increases coming from the UK. The 600 Group, whose UK machine tools business is based at its 600 Centre in Shepshed, saw sales rise 11 per cent to £79 million in the year to the end of March. The workforce in Shepshed has increased to about 50, up from about 30 a year ago. Jun 29, 2007
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BAE Systems Wins $212.4 Million Armored Vehicle Pact to Build 441 MRAPs
June 29, 2007 -- The U.S. Navy on Thursday awarded a $212.4 million (euro157.7 million) contract to a unit of BAE Systems Inc. to build 441 armored vehicles for American soldiers in Iraq. The award may help ease concerns about BAE's ability to secure U.S. government contracts in light of a Justice Department investigation. BAE said Tuesday that Justice is looking into allegations -- denied by company officials -- that it funneled money to a Saudi prince to help win an $86 billion weapons deal with the British government. Jun 29, 2007
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Onex Shifts to Automatics; Buys GM's Allison Transmission
June 29, 2007 -- Just three days after it pulled out of the bidding for Bell Canada Inc., Toronto buyout firm Onex Corp. has announced a deal to buy one of the world's biggest makers of automatic transmissions -- used in vehicles from motorhomes to army tanks. Onex and partner The Carlyle Group split evenly an equity investment of about US$1.5-billion to buy General Motors Corp.' s Allison Transmission for a total price of US$5.56-billion. The partners are expected to use debt to finance the rest. Jun 29, 2007
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Mitsubishi Studies New Factory to Gain Market
June 28, 2007 -- Japanese automaker Mitsubishi will have to build a new factory in Brazil if it wants to increase its market share, primarily in the midsized sedan segment, one of the most lucrative product bands for automakers and currently one of the fastest growing. According to Mitsubishi do Brasil president Paulo Ferraz, the multinational "is prospecting" an investment in the market, "but for the time being nothing has been concluded." Jun 28, 2007
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Hampson Sells to Lattimer in £3.96 Million Deal
June 28, 2007 -- Hampson Industries said it has completed the sale of its precision industrial division to Lattimer Holdings for £3.96 million. The international aerospace and precision engineering group's precision industrial division takes in two units, one each in the UK and US, trading under the Lattimer name. Lattimer will employ 50 people at its site in Southport, Merseyside, and 30 at its location in New Jersey following the management buy-in backed by Merseyside Special Investment Fund. Jun 28, 2007
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Swedish Industrial Supplier B&B Tools AB Acquires Industrial Reseller in Halmstad
June 28, 2007 -- Swedish industrial supplier B&B Tools AB (formerly Bergman & Beving) said on Thursday (28 June) that it has concluded an agreement to acquire 100% of the shares outstanding in Halmstad Svets & Verktyg AB (HSV). HSV is one of the leading resellers of products and services for cutting tools, welding and industrial consumables to industry in Halmstad and its surroundings. Jun 28, 2007
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Federal-Mogul Expects Profits After Bankruptcy
June 27, 2007 -- Federal-Mogul Corp., an auto-parts maker seeking to resolve billions of dollars in asbestos claims, will be profitable after emerging from U.S. bankruptcy, the company's chief executive officer told Bloomberg News today. Federal-Mogul in the first quarter posted net income of $4.5 million, after a $68.4 million net loss a year earlier, Bloomberg reported. Jun 27, 2007
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Italy Machine Tools Output Up 15.9 Percent Year/Year
June 27, 2007 -- Italy's machine tools, robots and automation output increased by 15.9 pct year-on-year in 2006, according to estimates of Italian association of machine tools and robots manufacturers UCIMU. The production value amounted to 4.9 bln euro ($6.58 bln), which is a record-high. Jun 27, 2007
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Delphi to Move Plastic Parts Production from Plants in Brazil and Europe to Hungary
June 26, 2007 -- US automotive company Delphi plans to move production of plastic car parts from plants in Brazil and elsewhere in Europe to its base in Hungary, business daily Napi Gazdasag reported on Monday. At the same time, Delphi plans to invest almost HUF 1bn at the Hungarian unit. Jun 26, 2007
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Tatas' NOC Adds Drive to DaimlerChrysler
June 26, 2007 -- India's largest truck and bus maker Tata Motors has given a no objection certificate to the world's largest commercial vehicle (CV) player DaimlerChrysler to manufacture CVs in India. This would allow the German company to roll out Mercedes-Benz branded CVs in India. This would also mean intense competition at the top end of the CV and luxury bus market in the country. Jun 26, 2007
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Japan's Mori Scraps Plans for New Thai Machine Tool Plant
June 25, 2007 -- Mori Seiki Co. announced Friday that it is canceling construction of a new machine tool plant that had been planned for Thailand, opting instead to expand operations at home. The firm is canceling Thai production plans for advanced machine tools costing around 10 million yen (US$80,680) that are used in processing metal parts for automobiles and general manufacturing equipment. It had been gearing up to begin production in Thailand next April because strong sales are expected in Japan and other Asian markets, primarily Thailand itself. Jun 25, 2007
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Pratt & Whitney to Supply PW4000 Engines to Air Caraibes
June 25, 2007 -- Manufacturer and designer of aircraft engines Pratt & Whitney, a business unit of United Technologies Corp, announced on Friday that Air Caraibes, an airline serving the French Caribbean, Guadeloup and Martinique, has selected the company's PW4000-100 engines to power two new A330-300 aircraft. The deal is valued over $75 million, and deliveries are scheduled to begin in November 2008. Jun 25, 2007
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Rolls-Royce Gets Record Orders at Paris Air Show
June 22, 2007 -- Rolls-Royce confirmed today that it had secured business worth a total of $15.1 billion at the Paris air show. Jun 22, 2007
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Eaton to Sell Automotive Mirror Controls Business
June 22, 2007 -- The division employs approximately 630 people and has four manufacturing operations. Jun 22, 2007
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600 Group Swings to Full Year Pretax Profit
June 21, 2007 -- The manufacturer and distributor of machine tools said it has a strong order book for delivery in 2007/8. Jun 21, 2007
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Nissan Aims to Increase Productivity at Barcelona Facility in Spain
June 21, 2007 -- Nissan Motor Iberica has announced that it plans to reduce costs by 12% at its Barcelona facility. Jun 21, 2007
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ThyssenKrupp to Build Steel Mill in Brazil
June 21, 2007 -- Germsan steel producer ThyssenKrupp is building a steel complex in Brazil for a total cost of around 4 bln usd, Brazil's National, Social and Economic Development Bank (BNDES) announced. Jun 21, 2007
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ATA ATS Automation Loses $80.9 Million in 2007
June 20, 2007 -- ATS Automation Tooling Systems Inc. has made next major steps in its strategy intended to significantly improve its performance and focus on its automation systems business. Jun 20, 2007
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Sikorsky Receives Black Hawk Order from Colombia
June 20, 2007 -- Helicopter designer Sikorsky Aircraft Corp., a subsidiary of United Technologies Corp., said Wednesday it received a $225 million order to provide 15 Sikorsky Black Hawk helicopters to the government of Colombia. Jun 20, 2007
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Japan Pacific Industrial to Invest Up in Yoro Plant Expansion
June 20, 2007 -- Japanese car and electronic parts maker Pacific Industrial Co will invest between 300 mln Japanese yen ($2.4 mln/1.8 mln euro) and 400 mln yen ($3.2 mln/2.4 mln euro) in expanding by 900 sq m to 3,400 sq m its Yoro plant in Gifu prefecture. Jun 20, 2007
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Italy Alenia Wins Order for 7 C-27J Aircraft
June 19, 2007 -- The aircraft, jointly built by Alenia Aeronautica and U.S. giant Lockheed Martin, will cost a total 220 mln euro ($294.4 mln). Jun 19, 2007
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Nippon Carbon to Mass-Produce Graphite Electrodes
June 19, 2007 -- Nippon Carbon Co. will begin mass-producing large 32-inch graphite electrodes for electric furnaces starting in 2008. Jun 19, 2007
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GM Production in Eastern India to Start by 2008
June 19, 2007 -- The new facility of General Motors (India), a wholly-owned subsidiary of auto company General Motors Corp, at Talegaon in Maharashtra, will start production by the last quarter of 2008. Jun 19, 2007
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Delphi in Pact to Sell Mexican Brake Plant
June 18, 2007 -- Delphi Corp. said two of its units agreed to sell their brake component businesses for $15 million. Jun 18, 2007
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Denso to Set up New Company in Changzhou
June 18, 2007 -- Denso intends to establish a new wholly owned company, Denso Fuel Injection System, in Changzhou, Jiangsu Province, China to produce common rail systems for diesel vehicles. Jun 18, 2007
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China's Medical Device Market to Grow 24 Percent by 2010
June 18, 2007 -- China's medical device market is expected to grow at a compound annual growth rate of around 24 pct over the next three years as an aging population and higher-priced imported products contribute to the sector's growth. Jun 18, 2007
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Umeco Buys US Lincoln
June 15, 2007 -- Leamington Spa-based aerospace group Umeco is paying an initial £30.2 million to buy US firm JD Lincoln. Umeco said the move would mean a "significant expansion of its composite materials business". The deal could cost the company up to another £7.6 million based on Lincoln's earnings before interest, tax, depreciation and amortisation (EBITDA) in the twelve months after completion. Jun 15, 2007
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Commercial Vehicles Manufacturer BMC to Produce Diesel Engines
June 15, 2007 -- Manufacturer of light and heavy commercial vehicles BMC plans to team up with Cummins for diesel engines production in Turkey. Deputy chairman of BMC, Mehmet Demirpence says that the two companies has reached an agreement over the joint production however investment details have not been discussed yet. Jun 15, 2007
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ITW Reports 15 Percent Growth in Operating Revenues
June 15, 2007 -- Illinois Tool Works Inc. today reported an operating revenue increase of 15 percent for the three months ended May 31, 2007. Total revenue growth was in line with company expectations. Operating revenues for the three month period consisted of a 10 percent increase from acquisitions net of divestitures, 1 percent growth from base revenues and a 4 percent contribution from translation. Jun 15, 2007
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Japan's Fanuc Plans New Factory for Robot Devices
June 14, 2007 -- Japanese machinery maker Fanuc Ltd. plans to build a new factory that will almost double its capacity to make devices used to control machine tools and industrial robots, the company said Thursday. The new plant, scheduled for a 2008 start date, will be near Fanuc's headquarters in Yamanashi prefecture, central Japan, a Fanuc spokesman said. He declined comment on the development cost of the plant. Cash on hand will be used to finance the factory, he said. Jun 14, 2007
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Japan Gunma-Gohkin to Spend $5.7 Million on New Factory
June 14, 2007 -- Japanese aluminium die-cast parts maker Gunma-Gohkin Co will spend 700 mln Japanese yen ($5.7 mln/4.3 mln euro) on building a factory at the site of its Sakai plant in Isesaki, Gunma prefecture, eastern Japan, it was reported on June 14, 2007. Jun 14, 2007
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Bosch Forecasts Cars of the Future
June 13, 2007 -- Bosch will supply hybrid technology to VW, Audi and Porsche from next year. However the internal combustion engine with direct injection will continue to dominate the automotive market place for the next 20 years. Jun 13, 2007
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Sandvik Snaps Up Doncasters
June 13, 2007 -- Swedish engineering company Sandvik, whose UK base is in Halesowen, has snapped up Midlands firm Doncasters Medical Technologies from the Doncasters Group for an undisclosed sum. The acquisition is expected to be completed in the second quarter. Jun 13, 2007
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Collins & Aikman Seeks Approval for Sale of Exterior Plastics Business
June 13, 2007 -- According to a Dow Jones Newswire report, Collins & Aikman has initiated actions to sell its automotive exterior plastics components business to Flex-N-Gate. U.S. Bankruptcy Court approval will be necessary for the US$10.4-million deal to proceed. Jun 13, 2007
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Bombardier, Embraer Deny Airbus Deal
June 12, 2007 -- Bombardier Inc. and Embraer SA have both dismissed reports they might individually be contemplating joining European giant Airbus SAS in a partnership to make commercial jets in the 100-to-120-seat range. “That's just speculation,” Bombardier Aerospace spokesman Marc Duchesne said yesterday of a report in the Financial Times Deutschland that Airbus – a subsidiary of European Aeronautic Defence and Space Co. (EADS) – is mulling a partnership with an existing or new manufacturer to develop a jet. Jun 12, 2007
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China's Medical Device Market to Be Valued at ¥12 Million in 2010
June 12, 2007 -- The capacity of China's medical device market is predicted to top ¥12 million in 2010. At a recent forum on the development of the medical device industry, experts say the sales of China's medical industry only contributes 2% to the global sales, far from meeting the demand of China's sanitary and healthy causes. More than 90% of China's medical devices are low- and medium-end ordinary products. Instruments and equipment are mainly from imports, representing more than 45% of China's medical imports. Therefore, Chinese Government has adopted policies to develop community medical treatment, set up cooperative medical system and enhance the sanitary infrastructure construction in new countryside. Jun 12, 2007
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Leading Chinese Machinery Maker Builds New Production Base
June 12, 2007 -- Xuzhou Construction Machinery Group Co., Ltd. (XCMG), a leading Chinese machinery manufacturer based in Jiangsu Province, east China, is building a new production base, XCMG Chongqing Construction Machinery Company, in Chongqing Municipality, southwest China. Jun 12, 2007
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Japan's Denso Plans to Make Fuel Injection Devices in China
June 11, 2007 -- Denso Corp. will as early as 2009 start producing fuel injection devices, a key diesel engine part, in China for supply to local auto assembly plants. Jun 11, 2007
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Toyota Eyes Capacity Expansion in Guangzhou
June 11, 2007 -- Japanese automaker Toyota is considering building another joint plant in Guangzhou to meet strong demand in the Chinese market. The company announced on June 7 that its car sales in the Chinese mainland reached 33,000 units in May, surging 87 per cent over a year ago. In January-May, the company's car sales in the Chinese mainland market totaled 176,000 units, jumping 76 per cent year on year. Jun 11, 2007
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Samsung Plans to Build TV Plant in Russia
June 11, 2007 --- South Korea's Samsung Electronics on Sunday announced a plan to build a $57 million plant in Russia to help meet growing demand for digital television sets. Samsung said it plans to build the factory in Kaluga, 85 kilometers (50 miles) southwest of Moscow, with construction scheduled to begin next month and to be completed by October 2008. Jun 11, 2007
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Raytheon Receives $29 Million Contract for Production of Towed Decoys
June 7, 2007 -- The Lot 11 contract calls for 934 decoys for the Air Force and 335 for the Navy to be delivered through September 2009. Jun 08, 2007
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New Ceramic Is Hard But Can Be Shaped Using Metal Cutting Tools
June 8, 2007 -- A research group at Osaka University has developed a new kind of ceramic material that is easy to shape using metal cutting tools yet is as hard as normal ceramics that require diamond tools. Jun 08, 2007
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Volkswagen's Pune Plant to Make 110,000 Units a Year by 2009
June 8, 2007 -- With an investment of euro 410 million (US$554.1 million), a full production plant with a press shop, body shop, paint shop and assembly lines would be built on the 230-hectare site. Jun 08, 2007
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Autoliv Will Build Fifth Plant in Mexico
June 7, 2007 -- Autoliv, the world's biggest seatbelt and airbag maker, said on Thursday it was building a new plant in Mexico. Jun 07, 2007
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Hayes Lemmerz Reports First Quarter Earnings
June 7, 2007 -- Hayes Lemmerz International, Inc. today reported that sales for the fiscal first quarter ended April 30, 2007 were $561.0 million, up 11.4% from $503.5 million in the year earlier quarter. The sales increase came from strong international steel and aluminum wheel sales, metals cost recovery and favorable currency fluctuations, the Company said. Sales increased despite a reduction in U.S. sales volumes of $27 million, due primarily to closure of a wheel plant and lower components volume, the Company said. Jun 07, 2007
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Diesel to Triple Share in U.S.
June 7, 2007 -- German company Robert Bosch expects diesel-powered engines to triple their share of the US light vehicle market within a decade. Jun 07, 2007
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Expectations Sky High for Aerospace Parts Supplier
June 6, 2007 -- Leamington Spa-based aerospace parts supplier Umeco is hoping that production of the huge Airbus A380 super-jumbo and Boeing's 787 Dreamliner will lead to a big sales boost over the next few years. Jun 06, 2007
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Taiwan-made Machine Tools Quite a Hit in Brazil
June 6, 2007 -- Thanks to the rise of Brazilian currency and the depreciation of the New Taiwan dollar against the U.S. greenback, exports of Taiwan-made machine tools enjoyed a whopping 79% year-on-year growth to reach US$17.3 million in the first quarter of this year. Jun 06, 2007
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Orders Booked for Wärtsilä Marine Engines
June 5, 2007 -- Wärtsilä's licensed enginebuilders have in recent months booked orders for 52 of Wärtsilä's new series of 82-cm bore low-speed marine engines with an aggregate power of 1726 MW. Jun 05, 2007
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Voest Gets Majority of Boehler-Uddeholm
June 5, 2007 -- Austria's steel giant Voestalpine has taken over 54.6 per cent of the world's leading manufacturer of steel for machine tools, Boehler-Uddeholm, according to statements on Tuesday. Jun 05, 2007
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Minda to Power Tata Small Car
June 4, 2007 -- The group will supply switches, horns, lights and battery to Tata Motors for the Rs 1 lakh car, which will be a four-door, four-seater with a 600 cc engine. Jun 04, 2007
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Chrysler Plans to Build Engine Plant in Mexico
June 4, 2007 -- Chrysler Group will build a $570-million (U.S.) plant in Saltillo, Mexico, to manufacture the company's next generation of V-6 engines. Jun 04, 2007
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Japan Fuji Filter to Open Plant in August 2007
June 4, 2007 -- Japanese industrial filters developer and producer Fuji Filter Manufacturing Co will open at the end of August 2007 a plant in Sakura, Tochigi prefecture, eastern Japan. Jun 04, 2007
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Magna to Close Traer Subsidiary Next Year
June 1, 2007 -- Magna International has announced that its subsidiary Traer Manufacturing in Iowa, US, will lay off 150 people and stop operations in July 2008, The Associated Press has reported. Workforce reductions will begin in July this year. Magna has blamed the closure on a weakening US automotive industry. The company plans to place employees in other plants where possible. Jun 01, 2007
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Japan's Machine Tool Makers Rushing to Tap Overseas Markets
June 1, 2007 -- Major Japanese machine tool manufacturers are bolstering sales and service networks abroad as the global market for their wares grows amid concerns that the domestic market will lose steam. Jun 01, 2007
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