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Globaline
AMT compiles information and data on your customers and competitors. Covering North America, Central & South America, Asia and Europe, Globaline keeps you informed of the latest developments and future trends that impact capital spending plans in the automotive, aerospace, household appliance, medical equipment, construction/agriculture, and metalworking industries. Available only to AMT members.
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Archived News
- June 2008
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Caterpillar Plans to Build Small-Sized Hydraulic Excavators in China
June 30, 2008 -- Caterpillar Inc. announced today plans to build world-class small-sized (less than 20 tons) hydraulic excavators in Nanjing, Jiangsu province, China. Jun 30, 2008
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Tesla to Build Its Electric Sedan in Bay Area
June 30, 2008 -- Tesla Motors, the maker of electric-powered roadsters, will announce today that it has chosen the Bay Area to build a manufacturing plant for its new model, an electric sedan that is expected to cost about $60,000 and will go into production by late 2010, company officials say. Jun 30, 2008
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Japan's Amada Set to Build Machine Tool Plant
June 30, 2008 -- The Amada Co. plans to invest ¥20 billion to build a factory for machine tools in Gifu Prefecture as it moves to boost sales of these products 60% by fiscal 2011. The new plant will be built in 2010 in an industrial park in the city of Toki. Jun 30, 2008
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Auto Supplier Delphi to Sell Exhaust Business
June 27, 2008 -- Auto supplier Delphi Corp. says it's seeking buyers for its global exhaust business as it reorganizes in Chapter 11 bankruptcy. Jun 27, 2008
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Tata Steel Plans to Put up a Cold Rolling Mill at Jamshedpur
June 27, 2008 -- Indian steel major Tata Steel on Thursday said it plans to set up a 1.5-million tonne cold rolling mill at Jamshedpur at an estimated investment of $704 million. Jun 27, 2008
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Denso to Build Car Air Conditioner Factory in Russia
June 27, 2008 -- The Denso Corporation, Japanese producer of car components, intends to build a factory in Russia to manufacture car air conditioners. Jun 27, 2008
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Airbus Awards Multi-Million Dollar Contract to Flow International Corporation
June 26, 2008 -- Flow International Corporation has announced that Airbus has awarded Flow its entire multi-million dollar contract to manufacture and install multiple Composite Machining Center abrasive waterjet and routing machine tool systems. Jun 26, 2008
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Caterpillar Announces $200 million Expansion in India
June 26, 2008 -- Caterpillar Inc. today announced a four-year, $200 million investment to increase manufacturing capacity in India. Jun 26, 2008
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Toyota Plans $1 Billion Car Plant in Brazil
June 26, 2008 -- Toyota Motor Corp plans to build a new car plant in Brazil's Sao Paulo state worth more than $1 billion, Brazilian business newspaper Valor Economico said on Thursday. Jun 26, 2008
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SPX Wins $500 Million in South Africa Contracts
June 25, 2008 -- SPX Corp.’s thermal equipment and services subsidiary has been awarded contracts totaling more than $500 million by Alstom, an energy infrastructure firm, to provide equipment for planned power stations in South Africa. Jun 25, 2008
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Mexico Ready to Eclipse Canada as Continent's Number 2 Auto Maker
June 25, 2008 -- Mexico is riding a boom in small-car sales that has put the nation's vehicle production on track to pass Canada for the first time and become the second-largest vehicle manufacturer in North America this year. Jun 25, 2008
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GM Slashes 2008 Truck Production
June 24, 2008 -- Struggling to grasp the depths to which truck sales will fall this year, General Motors Corp. on Monday slashed its planned truck production by 170,000 vehicles -- almost double the size of cuts Ford Motor Co. announced Friday. Jun 24, 2008
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Delphi Awarded Engine Supply Deal with JCB
June 24, 2008 -- Delphi Corp. announced today that it has been chosen to supply its Multec Medium Duty Common Rail for the next generation of Tier 4 diesel engines to JCB Power Systems -- part of J C Bamford Excavators, the world's third largest producer of construction equipment by volume. Jun 24, 2008
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China Agrees to Nearly Double Ore Price
June 24, 2008 -- China's Baosteel said it would nearly double the price it pays mining group Rio Tinto for high-grade iron ore, in a deal underscoring the Asian giant's lynchpin role in the commodity boom. Jun 24, 2008
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Gulfstream Inks 40 Plane Deal with NetJets
June 23, 2008 -- Gulfstream Aerospace Corp. unit has reached an agreement with Berkshire Hathaway’s NetJets unit to supply a total of forty new Gulfstream aircraft. Jun 23, 2008
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Jiangyin's Electromechanical Product Exports to Russia Soar
June 23, 2008 -- Based on the latest news from the Jiangyin City Entry-Exit Inspection and Quarantine Bureau, 81 batches of electromechanical products were exported via the Bureau to Russia in the first five months of 2008 and were valued at $5.6734M, up by 21.2% and 51.4% year-on-year respectively. Jun 23, 2008
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China Car Maker Geely Eyes U.S. Markets via Mexico
June 23, 2008 -- Chinese car maker Geely Automobile Holdings plans to enter American markets through a $500 million car assembly plant in Mexico, it said. Jun 23, 2008
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Embraer Signs Contract with Brazil's TRIP Linhas Aereas
June 20, 2008 -- Embraer has signed a contract with TRIP Linhas Aereas for the sale of five Embraer 175 jets. The deal also includes options for ten more, plus purchase rights for another 15. Jun 20, 2008
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Kyocera Gets On Time
June 20, 2008 -- Kyocera Industrial Ceramics announced that it has signed a definitive agreement to acquire On Time Machining Company (OTM) from Kennametal. Jun 20, 2008
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Chongqing Machine Tool to Manufacture Spare Parts for Large Aircraft
June 20, 2008 -- Liao Shaohua, general manager of Chongqing Machine Tool Co., Ltd., has disclosed that the company has entered into cooperation with multiple large aircraft spare part manufacturers and that it is likely to manufacture spare parts for large aircraft in the future. Jun 20, 2008
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BAE Systems Receives $128.6 Million Contract for MOLLE Systems
June 19, 2008 -- BAE Systems has been awarded a $128.6 million contract from the Defense Logistics Agency for production of the Modular Lightweight Load Carrying Equipment (MOLLE) system. Jun 19, 2008
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Toyota to Slash Truck, SUV Output in U.S.
June 19, 2008 -- With U.S. auto sales falling because of a slowing economy and higher gasoline prices, Toyota Motor Corp. has begun taking steps to reduce production at three North American plants that make such larger vehicles as the Tundra pickup truck. Jun 19, 2008
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China Aviation Manufacturers AVIC I & II Closer to Merger
June 18, 2008 -- AVIC I and AVIC II, China's two leading State-owned aviation manufacturers, will be merged to create a new company by the end of July as the government is poised to consolidate and strengthen the country's aviation manufacturing capabilities. Jun 18, 2008
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Visteon to Close Durant Plant in 2009
June 18, 2008 -- Automotive parts supplier Visteon Corporation plans to close its 150-employee facility in Durant, Miss. next year. Workers make climate-control products and interior pieces used at Nissan North America's assembly plant in Canton and other facilities around the country. Jun 18, 2008
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Plastech Announces Winners of Various Business Auctions
June 18, 2008 -- Bankrupt supplier Plastech Engineered Products has announced that the top bidders in the company's asset auction on Monday have in fact been named. Jun 18, 2008
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Japan Machine Tool Orders Up for Third Month
June 17, 2008 -- Machine tool orders received by Japanese manufacturers in May increased 1.4 pct to ¥132.8 billion from a year earlier to extend the rising streak to a third month, an industry group said Tuesday. Jun 17, 2008
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Full Production at GM Plants for First Time after AAM Strike
June 17, 2008 -- GM returned to full production on 16 June for the first time since a three-month strike at American Axle & Manufacturing idled some 30 of its North American plants. Jun 17, 2008
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Shining, Goodway, Awea, Vietnam
June 17, 2008 -- To evade the reported financial meltdown in Vietnam, a few Taiwan-listed firms, including Shining Building Business Corp., Awea Mechantronic Corp. and Goodway Machine Corp., have announced to stop investments in that nation. Jun 17, 2008
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Sandvik Acquires Minority Share in American Tool Maker
June 16, 2008 -- Sandvik Tooling has reached an agreement to acquire 49% of the shares in the company Precorp Inc., based in Spanish Fork, Utah. Jun 16, 2008
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Qier Machine Tool Signs RMB100 Million Order
June 16, 2008 -- Qier Machine Tool Group Co., Ltd. has signed an agreement with Harbin Huaqiang Power and Power Station Equipment Manufacturing and Maintenance Co., Ltd. on RMB96M worth of TK6920 and TK6916 CNC floor-type boring and milling machines, as well as CK5280 and CK5225 CNC vertical machine tools. Jun 16, 2008
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Bosch, Samsung Form Battery Joint Venture
June 16, 2008 -- Auto parts maker Robert Bosch GmbH says it is forming a joint venture with Samsung SDI Co. Ltd. to make lithium-ion batteries for use in hybrid cars. Jun 16, 2008
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Toyota Australia's Boss Leaves Driver's Seat after 40 Years
June 13, 2008 -- John Conomos, the man who steered Toyota to the front of the auto maker's grid in Australia, is to retire after more than 40 years in the industry. Jun 13, 2008
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Chinese Xugong Machinery Group Breaks into Wind
June 13, 2008 -- Xuzhou Construction Machinery Group (XCMG), the country's largest manufacturer of heavy construction machinery, plans to make an initial investment of ¥500 million (US$72.40 million) to diversify into wind turbine production. Jun 13, 2008
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Mitsubishi Heavy President: May Make Parts for Small Jet Overseas
June 12, 2008 -- Mitsubishi Heavy Industries Ltd. President Hideaki Omiya said Thursday that the company may produce and procure overseas some parts for its Mitsubishi Regional Jet, a move that could help it reduce costs. Jun 12, 2008
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Caterpillar Signs Alliance Deal with Navistar; To Also Invest $1 Billion in Off-Highway Machinery Production Lines
June 12, 2008 -- Caterpillar Inc. will exit the on-highway truck engine market by 2010, opting instead to work with Navistar International Corp. to develop commercial trucks for distribution in global markets. Jun 12, 2008
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Mahle Acquires Mexican Automotive Supplier Clemex
June 11, 2008 -- German automotive supplier Mahle has announced that it has acquired Clemex Mexico SA and its subsidiaries. Jun 11, 2008
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Caterpillar Wins $397.1 Million Contract
June 11, 2008 -- The U.S. Army has awarded a $397.1 million contract to Caterpillar Inc., for light T-5 bulldozers and medium T-9 bulldozers with type A armor kits and type C armor kits with a five-year requirements contract with one five-year option. Jun 11, 2008
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Chinese Firm Keen to Set up CNG Bus Plant in Karachi
June 10, 2008 -- Commerce and Sourcing House (Cash), the first Pakistani company registered in China, and a Chinese CNG bus company, King Long United Auto Moto Industry, have offered to establish a CNG bus manufacturing factory in Karachi at a cost of US$5 million. Jun 10, 2008
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Johnson Controls-Saft Named as Battery Supplier for Ford Test Fleet of Plug-in Hybrid Electric Vehicles
June 10, 2008 -- A test fleet of Ford Escape plug-in hybrid vehicles (PHEVs) will be powered by lithium-ion batteries from Johnson Controls-Saft. Jun 10, 2008
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China’s Foton to Acquire Assembly Plant
June 9, 2008 -- Beiqi Foton Motor Co. has announced that it is planning to buy an assembly plant owned by one of its affiliates. The company will acquire the plant from Beijing Foton Environmental Protection Dynamics. Jun 09, 2008
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Renault Looking to Cut European Production Costs and Reduce Emissions
June 9, 2008 -- France's second-largest carmaker is looking at ways that it can cut costs in Western Europe. Jun 09, 2008
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SKF to Expand Production in China
June 5, 2008 -- SKF Group is set to expand its large and mid-size bearing production capacity to meet the growing business demand in China and other Asian areas, according to the company. Jun 05, 2008
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China Shipbuilding to Build Bigger Base in 2009
June 5, 2008 -- The China State Shipbuilding Corporation (CSSC) has pledged to build a high added-value shipbuilding base in 2009, the Shanghai Securities News reports. Jun 05, 2008
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Magna Steyr to Produce Peugeot Coupe
June 5, 2008 -- Magna Steyr will produce Peugeot’s 308 RC Z coupe according to an Austrian newspaper. The assembly of the vehicle at the Magna Steyr plant in Graz is scheduled to start in 2010. Jun 05, 2008
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$125 Million to Boost Turbocharger Capacity
June 4, 2008 -- Responding to growing demand, BorgWarner Inc. of Auburn Hills, Mich., will invest approximately $125 million to increase the company's manufacturing capacity for global passenger car turbochargers by more than three million units. Jun 04, 2008
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Italian Metal Equipment Giant Danieli Invests in East China
June 4, 2008 -- Italy's Danieli, one of the world's three largest suppliers of equipment and plants to the metal industry worldwide, will set foot in Changshu, a city in East China's Jiangsu Province. Jun 04, 2008
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China Launches 80,000-Ton Drop Press Project
June 3, 2008 -- China has launched a designing supervision and approval meeting for the world's largest drop press in Central South University. Jun 03, 2008
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Sikorsky Aircraft Wins $34.09 Million Contract
June 3, 2008 -- The U.S. Army has awarded a $34.09 million contract to Sikorsky Aircraft Corp., Stratford, Conn., for three UH-60M helicopters and post DD form 250 installation of auxiliary power unit kits. Jun 03, 2008
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GM Closing Four Truck and SUV Plants in North America
June 3, 2008 -- General Motors is closing four truck and SUV plants in the U.S., Canada, and Mexico as surging fuel prices hasten a dramatic shift to smaller vehicles. Jun 03, 2008
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Doosan Targets $300 Million in China Tool Sales
June 2, 2008 -- Doosan Infracore Co., the country's largest manufacturer of construction equipment, is targeting $300 million in the sale of machine tools in China. Jun 02, 2008
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Tata Steel to Raise Plant Capacity
June 2, 2008 -- Tata Steel said that it would raise the production capacity its Jamshedpur plant to 10 million tons per annum from 6.8 million tons at present. Jun 02, 2008
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Ford to Build New Fiesta for North America in Mexico
June 2, 2008 -- Ford has announced that it will invest $3 billion in its Mexican operation in order to enable it to manufacture the new Ford Fiesta subcompact for North American markets. Jun 02, 2008
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