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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
- July 2008
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Thursday's News - China, LAI Partners, Tyco
July 31, 2008 -- China aims to go higher-tech - Low-cost manufacturing gives way to greater ambitions; LAI Partners with Dutch Aerospace Manufacturer - Company to manufacture F-35 fighter jet components; US FIRM TYCO ELECTRONICS TO BUILD FACTORY IN VIETNAM Jul 31, 2008
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Wednesday's News - American Axle, Cemix, Tenneco
July 30, 2008 -- Poland: AAM will build car part factory in Stanowice; Slovakia: Cemix to invest Sk 225mn in new factory; Tenneco Announces Global Diesel Emission Control System Integration Supplier Relationship with Caterpillar Jul 30, 2008
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ZF to Acquire Cherry Corporation
July 29, 2008 -- ZF Friedrichshafen AG is further expanding its leading worldwide automotive supplier position for Driveline and Chassis Technology. Jul 29, 2008
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BAE Systems Wins $19.7 Million Contract
July 29, 2008 -- The U.S. Army has awarded a $19.7 million contract to BAE Systems Ground Systems Division, York, Pennsylvania, for procurement of M88A2 HERCULES recovery vehicles. Jul 29, 2008
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ArvinMeritor Posts Fiscal Third-Quarter Profit
July 29, 2008 -- Auto parts supplier ArvinMeritor Inc. on Tuesday reported a fiscal third-quarter profit, helped by strong overseas demand. Jul 29, 2008
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GE Hydro Plant Gets New Life
July 28, 2008 -- The landmark GE Hydro plant at Lachine in Canada, slated to close this summer with hardly a whimper, is taking a new lease on life next month. Jul 28, 2008
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Embraer to Invest €148 Million in Two Portugal Plants
July 28, 2008 -- Brazilian aircraft manufacturer Empresa Brasileira de Aeronáutica S/A, or Embraer, unveiled plans this weekend to invest €148 million in the construction of two plants in Portugal. Jul 28, 2008
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Lockheed Martin Integrated Systems Wins $6.9 Billion Contract
July 28, 2008 -- The U.S. Air Force has awarded a contract valued at up to $6.9 billion to Lockheed-Martin Integrated Systems, Warner Robins, Ga., for aircraft components and accessories. Jul 28, 2008
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Leading Automotive Interior Supplier Lear Settles In China
July 25, 2008 -- Lear Corporation, the world's leading automotive interior supplier, has established operations in the city of Wuhu in Anhui province. Jul 25, 2008
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Japan's Hino Motors to Suspend Operations at U.S. Plant
July 25, 2008 -- Hino Motors Ltd. confirmed plans that it was temporarily halting operations at a factory in Arkansas that produces parts for large vehicles in August. Jul 25, 2008
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Danaher Announces Executive Appointment
July 25, 2008 -- Danaher Corporation has announced that William K. "Dan" Daniel II has been promoted to Executive Vice President of Danaher Corporation. Jul 25, 2008
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BAE Systems Receives U.S. Army Contracts worth $71 Million for Family of Medium Tactical Vehicle Armor and Armored Cabs
July 24, 2008 -- BAE Systems has been awarded two U.S. Army contracts totaling $71 million for armored cabs and armor protection for Family of Medium Tactical Vehicles (FMTV). Jul 24, 2008
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Tepha Appoints John Hartnett as Executive Vice President and COO
July 24, 2008 -- Tepha, a developer of medical devices derived from a new class of resorbable polymers, announced that it has appointed John Hartnett as executive vice president and Chief Operating Officer (COO). Jul 24, 2008
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Kennametal Reports Record Fourth Quarter and Full Year Results for Fiscal 2008
July 24, 2008 -- Kennametal Inc. reported that it achieved new records for sales for both the quarter and fiscal year that ended on June 30, 2008. Jul 24, 2008
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Metaldyne to Unload Two U.S. Facilities
July 23, 2008 -- Metaldyne Corp. plans to close or sell a plant in Michigan and another in Illinois as a result of dwindling North American vehicle production. Jul 23, 2008
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General Dynamics Profit Rises 25 Percent
July 23, 2008 -- General Dynamics Corp reported a 25 percent rise in quarterly profit, helped by strong sales of its armored vehicles and business jets. Jul 23, 2008
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Nissan, Renault to Spend $127 Million at South Africa Plant
July 22, 2008 -- Nissan Motor Co. and French parent Renault SA said Friday that they aim to raise annual output capacity at a Nissan South African plant by 70 per cent to 68,000 units by 2009 through a joint investment of $127.60 million. Jul 22, 2008
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Bosch to Begin Supplying Components for Tata Engines
July 22, 2008 -- Bosch is to begin supplying a variety of new components to Tata Motors for its new vehicles. Jul 22, 2008
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ThyssenKrupp Wins €2.5 Billion Submarine Order in Turkey
July 22, 2008 -- HDW, a subsidiary of German steel and engineering group ThyssenKrupp AG, has won a €2.5 bln order from the Turkish government for the supply of six submarines. Jul 22, 2008
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Cummins Buys Out Consolidated Diesel
July 21, 2008 -- Consolidated Diesel Co. (CDC) will change its name to the Rocky Mount Engine plant following an acquisition by Cummins Inc. Jul 21, 2008
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GKN to Buy Airbus' UK Plant for £150 Million
July 21, 2008 -- U.K. engineering company GKN PLC will later this month sign a deal with Airbus to buy its manufacturing site at Filton for £150 million. Jul 21, 2008
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Posco to Build $5.3 Billion Steel Plant
July 21, 2008 -- The Republic of Korea's Posco group has submitted a feasibility study to build a steel plant in central Vietnam. If licensed, construction of the $5.3 billion plant in the central province of Khanh Hoa will start in November this year and be completed in March 2013. Jul 21, 2008
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BAE Systems Land & Armaments Wins $60 Million Order
July 18, 2008 -- The U.S. Marine Corps has awarded a $60.25 million delivery order to BAE Systems Land & Armaments LP, York, Pa., for purchase of 36 United States Special Operations Command Mine Resistant Ambush Protected (MRAP) Category I vehicles. Jul 18, 2008
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GM Daewoo Halts Production
July 18, 2008 -- GM Daewoo Auto & Technology Co., the South Korean unit of General Motors Corp., said Friday it has been forced to halt production at its main factory as two local tire makers stopped supplying tires to demand a price hike. Jul 18, 2008
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Bosch Plans to Bring Advanced Auto Products to India
July 17, 2008 -- German auto component giant Bosch is betting big on India. The company has committed investments of Rs 2,300 crore till 2010. Jul 17, 2008
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Pratt & Whitney Gets Four Orders for Its V2500 Engines
July 17, 2008 -- United Technologies Corp.'s Pratt & Whitney unit has announced a number of orders for its V2500 engines, with most orders valued above $100 million. Jul 17, 2008
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Profit Rises for Auto Supplier Johnson Controls
July 17, 2008 -- Johnson Controls Inc. said sales at the company's automotive division rose 3 percent to $4.79 billion, as overseas sales boosted by currency benefits and higher volumes more than offset a 15 percent drop in North American demand stemming from a drop in vehicle production. Jul 17, 2008
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Volkswagen to set up $1 Billion Car Plant in U.S.
July 16, 2008 -- Volkswagen, Europe's biggest car maker, has said it plans to build a $1billion factory in Chattanooga, Tennessee in a bid to boost the German automaker's lagging U.S. sales. Jul 16, 2008
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Japan Machine Tool Makers Log 1st Drop in Domestic, Overseas Orders in Six Years
July 16, 2008 -- Domestic and overseas orders for Japanese machine tools in June were both down from a year earlier, marking the first such double drop since September 2002. Jul 16, 2008
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GM to Cut Workers, Truck Production
July 16, 2008 -- General Motors Corp. says that it will lay off salaried workers, cut truck production, suspend its dividend and borrow $2 billion to $3 billion to weather a severe downturn in the U.S. market. Jul 16, 2008
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Cummins to Fill Demag Military Special Order
July 15, 2008 -- Cummins has signed an agreement with Terex Demag to provide QSC engines to drive the MAC-50 all-terrain crane. Jul 15, 2008
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Bristow Group Announces New Aircraft Purchases
July 15, 2008 -- Bristow Group Inc., a provider of helicopter services to the offshore energy industry, announced that the company has entered into firm agreements to purchase 14 new aircraft from Sikorsky Aircraft Corporation, a subsidiary of United Technologies Corp. Jul 15, 2008
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Malaysia Ahead of BRIC Countries in Competitiveness
July 15, 2008 -- Malaysia is ahead of Brazil, Russia, India and China in terms of competitiveness for establishing manufacturing operations. Jul 15, 2008
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Dainippon Screen to Produce Solar Panel Manufacturing Devices
July 14, 2008 -- The Dainippon Screen Mfg. Co. plans to enter the market for solar panel manufacturing equipment by converting and then selling devices used in the production of LCD panels. Jul 14, 2008
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New Plant to Supply Nissan Truck Venture in China
July 14, 2008 -- Nissan Motor Co. and Chinese partner Dongfeng Motor Corp. plan to build an engine factory in central China to supply their expanding commercial vehicle operations. Jul 14, 2008
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Volvo signs deal with Pratt & Whitney
July 14, 2008 -- Sweden's Volvo AB said Monday that its aircraft unit Volvo Aero has signed a contract to supply components to U.S. aircraft engine manufacturer Pratt & Whitney. Jul 14, 2008
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Whirlpool Says It Will Close 2 Plants
July 11, 2008 -- Appliance maker Whirlpool Corp. said Thursday it will close two plants as it streamlines manufacturing. Jul 11, 2008
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Beiqi Foton Motor Launches $292 Million Project
July 11, 2008 -- Beiqi Foton Motor Co., Ltd. recently signed a contract with Jinhua City of East China's Zhejiang Province to invest $292 million in building a large automobile production base. Jul 11, 2008
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China's CFHI to Build World's Largest Casting, Forging Base
July 11, 2008 -- China First Heavy Industries (CFHI), a leading heavy equipment manufacturer in China, is investing $336 million to upgrade its production capacity to build itself into the world largest casting and forging manufacturing base to gratify the soaring domestic need as well as to vie for the foreign dominated home market. Jul 11, 2008
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Tata Johnson Plans Facility in Bangalore
July 10, 2008 -- Tata Johnson Controls Automotive Ltd, a 50:50 joint venture between Tata Auto Components and Johnson Controls Inc, plans a facility in Bangalore and is considering units in two other locations. Jul 10, 2008
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MPX Plans Construction of Solar Power Plant in Brazil
July 10, 2008 -- The Brazilian company MPX Energia S.A. and Yingli Green Energy Holding Company, a photovoltaic products manufacturing company, plan to construct a 50-megawatt solar power plant in Taua, a city 337 kilometers from Fortaleza in the Brazilian state of Ceara. Jul 10, 2008
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Magna's Russian Foray Looking Smarter Than Ever
July 10, 2008 -- Russian car sales have pushed the country past Germany as Europe's largest auto market. This lends support to Magna International founder Frank Stronach's decision last year to push into Russia through a partnership with Oleg Deripaska. Jul 10, 2008
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Canadian Machinists Offer Bombardier Concession if Plane Built There
July 9, 2008 -- The pressure on Bombardier Aerospace to build its proposed aircraft assembly plant in Montreal has been increased by Canadian union workers as a possible decision looms next week. Jul 09, 2008
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Rolls-Royce to Buy Norwegian Marine Rival
July 9, 2008 -- Rolls-Royce has announced that its marine power division plans to buy a Norwegian rival for £43 million. Jul 09, 2008
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BAE Wins $538 Million U.S. Army Contract
July 9, 2008 -- BAE Systems PLC, Europe's biggest defense company, said it won a $538 million order to improve the blast resistance of Bradley armored vehicles for the U.S. army. Jul 09, 2008
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Vietnam Launches $8 Billion Steel Plant Project
July 8, 2008 -- Vietnam's Prime Minister Nguyen Tan Dung has issued an order to kick off construction on the Iron/Steel Complex and Son Duong Port in the central province of Ha Tinh, the largest foreign direct investment project ever licensed in Vietnam so far, with total investment capital of nearly $8 billion. Jul 08, 2008
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Valeo to Supply 1 Million PSA Vehicles with Stop-Start Technology
July 8, 2008 -- Valeo has signed an agreement with PSA Peugeot Citroen to equip more than one million vehicles with its stop-start technology by 2011. Jul 08, 2008
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China South Group to Invest $4 Billion in Automotive Industry
July 8, 2008 -- China South Group is going to invest $4 billion in the automotive industry in Southwest China's Chongqing Municipality in the coming five years. Jul 08, 2008
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Ultra Electronics Wins Gulfstream G650 Contract
July 7, 2008 -- Ultra Electronics Holdings says its Controls business, based in Greenford and Cambridge in the U.K., has been awarded a contract by Gulfstream Aerospace to develop and supply the landing gear control system for the all new Gulfstream G650 business jet. Jul 07, 2008
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Medtronic Launches JV in Shandong
July 7, 2008 -- U.S.-based Medtronic Inc, a Fortune 500 company engaged in manufacture of medical equipment, has officially launched a joint venture with Hong Kong-listed Shandong Weigao Group Medical Polymer Co. Jul 07, 2008
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GE Aviation Acquires Turboprop Engine Maker Walter Engines
July 7, 2008 -- General Electric Co.'s aviation unit has acquired Czech Republic-based turboprop engine and machined parts maker Walter Industries for an undisclosed sum. Jul 07, 2008
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China's Genertec to Buy Majority of Qier
July 3, 2008 -- China General Technology Holding Ltd. (Genertec), a leading trading company, will acquire 58.05% of Qier Machine Tool Group Co. Ltd., making Genertec the controlling stakeholder. Jul 03, 2008
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Fiat to Build New Small Car Engine in Poland
July 3, 2008 -- Fiat has announced that it will build the engine for its new Topolino A-segment passenger car at its Fiat Powertrain Technologies facility in Bielsko Biala, Poland. Jul 03, 2008
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China Group Lifan Pursues New Plant in Vietnam
July 2, 2008 -- China-based Lifan Group hopes to go ahead with its planned car assembly plant in Vietnam, in spite of the current difficulties facing the country's general economy and its automobile sector in particular. Jul 02, 2008
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Mahle Acquires Pump Manufacturer ENTEC
July 2, 2008 -- German supplier Mahle has acquired all the shares of ENTEC, a supplier of controlled oil pumps for combustion engines. Jul 02, 2008
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Ingersoll Machine Tools Wins $4.07 Million Contract
July 2, 2008 -- The U.S. Army has awarded a $4.07 million contract to Ingersoll Machine Tools Inc., Rockford, Ill., for metalworking machinery. Jul 02, 2008
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Chrysler to Close Fenton Minivan Plant
July 1, 2008 -- The St. Louis area once again has fallen victim to Chrysler LLC's restructuring efforts. On Monday, the automaker announced it would shutter its minivan assembly plant in Fenton at the end of October and eliminate a production shift at the adjacent pickup assembly plant the day after Labor Day. Jul 01, 2008
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Core Molding Technologies Inc. to Build Matamoros Manufacturing Plant
July 1, 2008 -- Core Molding Technologies, Inc. announced that it has signed a letter of intent to purchase approximately 22 acres of land and to construct a manufacturing facility in Matamoros, Mexico. Jul 01, 2008
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EADS to Invest €350 Million in Brazilian Subsidiary Helibrás
July 1, 2008 -- Brazilian President Luiz Inácio Lula da Silva on Monday announced a deal with EADS that foresees investments of €350 million for the creation of an aeronautic complex in the city of Itajubá, in the state of Minas Gerais. Jul 01, 2008
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