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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
- August 2008
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Friday's News - Russian Market, Jiangling Motors Group Company in Poland
August 29, 2008 -- Big Boys Eye Up Russian Market; Chinese Cars to Roll Out from Polish Factory Aug 29, 2008
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BIG BOYS EYE UP RUSSIAN MARKET
THE Russian revolution has moved into overdrive as it prepares to become the biggest new car market in Europe. Despite some foreign unease over the recent Georgian crisis, new car sales are booming spectacularly in the east. Aug 29, 2008
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Chinese Cars to Roll Out from Polish Factory
China's state-controlled automotive group Jiangling Motors Group Company (JMC) plans to build a factory in Poland, according to Rzeczpospolita. This will be the first Chinese car factory in Poland. The information was confirmed by Peter Bijvelds, the CEO of Landwind Motor Company, JMC's foreign unit. JMC reps will arrive in Poland in mid-September to talk to officials from the Economy Ministry and state investment agency the PAIiIZ. For now, the size of the factory and the number of workers it will employ remains a mystery. But the planned output capacity of 400,000 vehicles annually means the future facility will stand comparison with Fiat Auto Poland's plant. Fiat's investment is worth $1.2bn. "For a start, the Chinese should invest no less than EUR 1bn," estimates Jakub Farys, the head of automotive industry lobby the PZPM. JMC's most recognised model is the Landwind, resembling the Opel Frontera. This year it is to present compact car the Landwind Fashion. Aug 29, 2008
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Thursday's News - Deere & Company, Durable Goods, Russia
August 28, 2008 -- Deere to Invest in Manufacturing Capacity, Parts Operations in South America; Durable goods orders post surprise increase; Japanese carmakers look to local production to rev up sales Aug 28, 2008
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Deere to Invest in Manufacturing Capacity, Parts Operations in South America
Deere & Company announced today that it will invest approximately $80 million in its agricultural manufacturing and parts distribution operations in Brazil to increase manufacturing capacity for both tractors and combines as well as to improve service to customers. Aug 28, 2008
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Durable goods orders post surprise increase
Orders for durable goods, considered an indicator of future manufacturing activity, topped analyst predictions in July and recorded their third consecutive monthly increase, the Commerce Department said Wednesday. "It was just one of those nice, unexpected summer surprises," said Joe Brusuelas, chief economist at Merk Mutual Funds. "It's been a bad, bad year for the economy and any good news is welcome." Aug 28, 2008
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Japanese carmakers look to local production to rev up sales
Japanese carmakers revealed aggressive expansion plans for Russia on the opening day of the Moscow Motor Show. But companies like Mitsubishi and Honda admit western rivals have been quicker to spot openings in one of the world's fastest growing car markets. Aug 28, 2008
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Wednesday's News - Geely, Vestas Wind Systems, Volkswagen
August 27, 2008 -- Chinese Automaker Geely Announces Plans for Mexican Plant; Pueblo picked for wind turbine tower factory; VW Considering Capacity Expansion at Russian Production Facility Aug 27, 2008
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Chinese Automaker Geely Announces Plans for Mexican Plant
Chinese automaker Geely has announced plans to build a $270US-million factory in the Mexican city of Leon, according to a report on InsideLine.com. An industrial park surrounding the factory is expected to bring an additional $230US million in investment to the site, which should create over 2,000 jobs and produce 300,000 cars annually when the project is at full tilt. The first stage will see Geely invest $130US million over three years and annual production of 50,000 units; the second stage will involve an investment of $140US million over two years, raising annual capacity to 120,000 units. After 2013, a third stage will take capacity to 300,000 units for an undisclosed sum. Geely reportedly will use the plant to enter the Mexican and South American markets, and possibly as a springboard for U.S. sales as well. No timeframe has been given as to when vehicles should begin rolling off the assembly lines, or indeed when construction will begin on the complex. Aug 27, 2008
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Pueblo picked for wind turbine tower factory
Wind-turbine maker Vestas Wind Systems has picked Pueblo as the site of a factory to build the towers that support its turbines. Vestas has said it will be the biggest turbine tower factory in the world. Gov. Bill Ritter is expected to attend the formal announcement about the factory Friday in Pueblo. Last week, the Danish company announced it will build two plants in Brighton, northeast of Denver, to make turbine blades and nacelles - the turbine housings that include the generator, transformer and gearbox. Vestas already has a blade- making plant in Windsor, 50 miles north of Denver, which has 200 workers and is expected to have 650 at full employment. Vestas is expected to eventually employ 2,450 people in Colorado. Aug 27, 2008
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VW Considering Capacity Expansion at Russian Production Facility
Volkswagen (VW) is currently considering expanding its production at its recently opened Russian production facility in Kaluga in order to keep pace with rising demand in the domestic Russian marketplace. Speaking on the eve of the Moscow Motor Show, VW board member Detlef Wittig said, "We have to consider expanding our production site in Kaluga." The company is looking for a large increase in its sales in the Russian market to 145,000 units in 2008, in comparison to the 81,000 units that the company sold in 2007. The Kaluga plant, which is still partially under construction, will supply around 66,000 units of this sales total with the rest of the vehicles being imported from Germany and other production locations. However, with VW sales reaching potentially 200,000 units per annum (upa) in Russia by 2009 or 2010 according to Wittig, the company is examining the possibility of raising the capacity of the Kaluga plant from the current figure of 150,000 units. Aug 27, 2008
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Tuesday's News - Portugal, Samsung Heavy Industries, Westinghouse Electric
August 26, 2008 -- Portuguese Vehicle Production Slumps by 8% in July; SHI clinches ninth drillship order; Westinghouse, Shaw to Form Joint Venture Company to Manufacture Modules for AP1000(TM) Nuclear Power Plants Aug 26, 2008
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Portuguese Vehicle Production Slumps by 8% in July
Portuguese vehicle production fell by 8% in July compared to the previous year to 15,433 units, according to data released by the national vehicle manufacturers' association, ACAP. That takes year-to-date (YTD) demand to 3.6% below last year's level, at 107,973 units. The year-on-year (y/y) declines are being led by a 12.1% slump in passenger car production, which fell to 11,256 units during the month of July, and by 5.8% in the first seven months of the year to 81,347 units. Portugal's biggest car factory, AutoEuropa, which is run by Europe's largest light vehicle manufacturer Volkswagen (VW), produced 18.7% fewer cars during the month of July compared to last year, ACAP said. Passenger car production makes up almost 80% of total Portuguese vehicle production. Aug 26, 2008
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SHI clinches ninth drillship order
SOUTH Korea's Samsung Heavy Industries, the world's largest shipbuilder, announced an order for another drillship yesterday, writes Mike Grinter. The order, for a $655m unit scheduled for delivery in August 2012, is the ninth drillship this year, and although unconfirmed by the yard, it is widely believed to be an order from Petrobras of Brazil. Aug 26, 2008
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Westinghouse, Shaw to Form Joint Venture Company to Manufacture Modules for AP1000(TM) Nuclear Power Plants
PITTSBURGH, Aug. 26 /PRNewswire/ -- Westinghouse Electric Company and The Shaw Group Inc.(NYSE:SGR)today announced they have signed a letter of intent (LOI) to form a joint venture to fabricate and assemble structural and equipment modules for AP1000(TM) nuclear power plants to be built in the United States and selected global markets in which in-country supply is not available. Aug 26, 2008
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Monday's News - Doninvest, General Motors, Micro-Mechanics
August 25, 2008 -- DONINVEST TO BUILD AUTO PLANT IN NORTH OSSETIA; The Doninvest financial-industrial group may build its third auto assembly plant in Russia - this time, in North Ossetia. This project, estimated to cost $100 million, could make the group one of Russia's leading auto producers, with annual output at 400-450,000 vehicles. But analysts say it still isn't clear which models Doninvest would produce; they describe the North Ossetia project as motivated by social policy considerations.; GENERAL MOTORS TO MAKE INDONESIA PRODUCTION BASE IN ASEAN; Micro-Mechanics posts 6.7% profit hike Aug 25, 2008
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DONINVEST TO BUILD AUTO PLANT IN NORTH OSSETIA; The Doninvest financial-industrial group may build its third auto assembly plant in Russia - this time, in North Ossetia. This project, estimated to cost $100 million, could make the group one of Russia's l
According to a source close to Doninvest, the group has requested the North Ossetian regional government to allocate it some land for a new auto plant. The group hopes to build a plant with an initial capacity of 50,000 cars (expandable to 100,000 cars), employing around 7,000 people. The project is expected to cost up to $100 million. If the North Ossetian administration is interested in the project, the two sides will sign a memorandum in September 2008 and Doninvest will get a plot of land. The group could then start building its plant within six months. Aug 25, 2008
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GENERAL MOTORS TO MAKE INDONESIA PRODUCTION BASE IN ASEAN
General Motors Corp. will make Indonesia the production base for multi-purpose vehicles (MPV) in this region, an official of the industry ministry said. The largest car maker in the U.S. would put back into operation its factory - which had lain idle in Pondok Ungu, Bekasi, West Java - featuring a capacity of 20,000 units a year, Transport Director Syarif Hidayat said. GM plans to produce three models of MPV - Chevrolet Aveo, Chevrolet Captiva and Chevrolet Estate, Syarif said. He said GM might need to invest up to US$200 million to put back into operation the factory. (ANTARA) Aug 25, 2008
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Micro-Mechanics posts 6.7% profit hike
MICRO-MECHANICS, a maker of precision tools and parts for the semiconductor assembly and test industry, has reported a 6.7 per cent rise in full-year net profit to $8.9 million. Aug 25, 2008
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Friday's News - Europe, Fiat SpA, Volvo
August 22, 2008 -- European industrial orders slump; Fiat to set up engine plant in Chongqing; Volvo Finalizes Deal with Eicher Motors Aug 22, 2008
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European industrial orders slump
DPA FINANCE Europe Economy European industrial orders slump Berlin European factory orders dropped sharply in June,the European Statistics Office Eurostat said Friday, adding to signsof slowing economic growth. Aug 22, 2008
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Fiat to set up engine plant in Chongqing
Fiat SpA, Italian's largest automaker, said in a statement on Thursday it will build a wholly owned subsidiary in Chongqing municipality, Southwest China. Aug 22, 2008
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Volvo Finalizes Deal with Eicher Motors
Regulatory News: The Volvo Group (STO:VOLVA)(STO:VOLVB) has now finalized the deal with Eicher Motors for the establishment of a new Indian joint-venture company, VE Commercial Vehicles Limited. The transaction has been approved by the necessary authorities and 50% of the joint-venture company has been consolidated in the Volvo Group from August 1, 2008. Aug 22, 2008
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Thursday's News - John Deere, Daimler-Benz
August 21, 2008 -- John Deere and Puradyn Team Up in Western Russia; Daimler Benz establishes Hungarian manufacturing unit Aug 21, 2008
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Wednesday's News - Nordam Group, Millennium Industries
August 20, 2008 -- Nordam building Mexico plant; MANUFACTURER TO BOOST PRODUCTION OF FUEL-EFFICIENT TECHNOLOGY Aug 21, 2008
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Daimler Benz establishes Hungarian manufacturing unit
German car company Daimler-Benz, which announced in June that it will build a EUR 800m manufacturing plant in Hungary, has established a Hungarian unit, Mercedes-Benz Manufacturing Hungary Kft., the Hungarian weekly HVG reported on Thursday. Aug 21, 2008
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John Deere and Puradyn Team Up in Western Russia
PURADYN FILTER TECHNOLOGIES INCORPORATED ("PFTI-L") - John Deere and Puradyn Team Up in Western Russia Puradyn Filter Technologies Incorporated announced that the John Deere Forestry Division (Deere) is installing the puraDYN(r) oil filtration system at its factory in Joensuu, Finland on equipment to be utilized in Russia using high-sulfur fuel. The initial order of 45 systems and filters was shipped in June for use on harvesters. Subsequent orders have been received and others are expected over the next 5 months. The puraDYN(r) system was selected by Deere to protect the equipment's engine from contaminants found in the byproducts from high-sulfur fuels commonly used in harsh environments such as timber harvesting. Aug 21, 2008
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MANUFACTURER TO BOOST PRODUCTION OF FUEL-EFFICIENT TECHNOLOGY
The Indiana Economic Development Corporationissued the following news release: Governor Mitch Daniels joined executives from automotive supplier Millennium Industries today to announce the company's plans to expand its headquarters and manufacturing operations here, creating more than 170 new jobs by 2011. The company, which manufactures fuel rails and power steering components for original equipment manufacturers in the automotive industry, will invest more than $9.2 million to upgrade equipment and add 30,000 square feet of production and warehouse space at its North Main Street facility. Aug 21, 2008
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Nordam building Mexico plant
Chihuahua's work force is familiar with making composite and plastic aircraft components. Realigning its aircraft component manufacturing to compensate for the weak U.S. dollar, Tulsa-based Nordam Group is building a 96,000-square-foot plant in Chihuahua, Mexico, company executives said Tuesday. Construction of the Chihuahua facility is expected to be completed in March, with its official opening set for April 2, officials said. Nordam Mexico will lease the Chihuahua plant for a 10-year term, officials said. Aug 21, 2008
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Tuesday's News - Navilyst Medical, Toyota, Volkswagen
August 19, 2008 -- NAVILYST MEDICAL; Navilyst Medical Announces Global Debut Today; Toyota Mulling Engine Facility in India-Report; VOLKSWAGEN TO LAUNCH BEETLE IN INDIA NEXT YEAR Aug 19, 2008
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NAVILYST MEDICAL; Navilyst Medical Announces Global Debut Today
Navilyst Medical, formerly Boston Scientific's Fluid Management and Vascular Access businesses, announced its new company name following the February 2008 acquisition by Avista Capital Partners, a private equity firm focused on growth-oriented healthcare, energy and media companies (see also Navilyst Medical). Aug 19, 2008
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Toyota Mulling Engine Facility in India-Report
Toyota is said to be considering setting up an engine manufacturing facility in India, reports theFinancial Express. According to an unnamed executive at the company's Indian Toyota Kirloskar Motors division, the plant could be set up near to its vehicle manufacturing unit in Bangalore to cut down on production costs. However, this will only happen once a second plant under construction is expanded to keep up with demand. Aug 19, 2008
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VOLKSWAGEN TO LAUNCH BEETLE IN INDIA NEXT YEAR
Come 2009, Indians will have the chance to own the original 'people's car' -- the Beetle -- as German carmaker Volkswagen has firmed up plans for its introduction in the country. Aug 19, 2008
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Monday's News - Amtran Technology, Meadville Holdings, PSA Peugeot-Citroen
August 18, 2008 -- Amtran Tech, LG to set up LCD factory in Suzhou; PCB maker sets its sights on high end; Rising costs and appreciating yuan go against earnings, but value-added products production at new plants will give the company an edge Meadville Holdings; PSA Peugeot-Citroen May Build Ukrainian Plant Aug 18, 2008
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Amtran Tech, LG to set up LCD factory in Suzhou
Amtran Technology, one of largest TFT LCD display producers in Taiwan, is in talks with South Korea's LG Display Company on setting up a joint venture in China's Suzhou, and both sides hope to start production in the third quarter of 2008, according to a news report from Taiwan United Daily News. Aug 18, 2008
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PCB maker sets its sights on high end; Rising costs and appreciating yuan go against earnings, but value-added products production at new plants will give the company an edge Meadville Holdings
Total sales grew by 36 per cent from the telecommunications sector this year for printed circuit board (PCB) products manufacturer Meadville. Tom Tang Chung-yen, executive chairman, group managing director at Meadville Holdings, said that the United States subprime mortgage crisis, high prices and inflation would be major issues for the industry. "In this business environment, we are still able to deliver growing first-half results. The results have been impacted by two new plants' initial start-up losses of $62HKmillion. Otherwise, our growth should be even higher," Mr Tang said. Aug 18, 2008
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PSA Peugeot-Citroen May Build Ukrainian Plant
A report appearing in a Russian newspaper has suggested that PSA Peugeot-Citroen may build a new plant in Ukraine. According to business dailyKommersant, the automaker has around 700 million euro ($1US.03 billion) available to build two facilities, with Ukraine earmarked for one of them. Other areas in the frame are said to be Poland and Turkey. The report added that the French automaker would make a final decision by the end of the year. Aug 18, 2008
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Friday's News - Parker Hannifin, Ford
August 15, 2008 -- *Parker Hannifin Announces Executive Promotions; Ford hopes resting on new Fiesta Aug 15, 2008
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Thursday's News - BAE Systems, Dana, Goodrich
August 14, 2008 -- BAE Systems Receives $10 Million U.S. Government Contract for Armored Commercial Vehicles; Dana Appoints Jacqueline Dedo Vice President of Strategy & Business Development; Goodrich and Rolls-Royce Propose Engine Controls Joint Venture Aug 14, 2008
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Wednesday's News - Boeing, GM, Johnson Controls
August 13, 2008 -- Boeing Opens New Pulse Line For Satellite Assembly; GM to invest 445 million dollars in Thailand plants; Johnson Controls To Improve Energy Usage At Oak Ridge National Labs Aug 13, 2008
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Tuesday's News - Current Technology, Ford, Biomass
August 12, 2008-- Current Technology's Subsidiary Signs Memorandum of Understanding With Leading Multi-National Group; Days May Be Numbered for Two Slow-Selling Ford Models; Steam plant to be replaced by biomass Aug 12, 2008
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Monday's News - ITW, Ford, Plastics
August 11, 2008 -- ITW Board of Directors Approve Plan to Divest Decorative Surfaces and Click Commerce Businesses; Ford Still Deciding on Future of U.K. LCV Plant-Report; AEP Industries Inc. Reaches Definitive Agreement to Acquire Plastic Films Segment of Atlantis Plastics; Transaction to Enhance Business Portfolio and Build on AEP's Strong Position in the Plastics Industry Aug 11, 2008
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Friday's News - Aspock, MAG
August 8, 2008 -- Hungary: Austrian Aspock to set up new factory; MAG Maintenance Technologies Selected by Lockheed Martin for Strategic Global Service Alliance; MAG Maintenance Technologies to Provide Lockheed Martin with a Single Source for Comprehensive Maintenance Services, Enabling Efficiencies and Economies Aug 08, 2008
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Thursday's News - Federal-Mogul
August 7, 2008 -- Federal-Mogul to Build New Manufacturing Facility in India Aug 07, 2008
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Wednesday's News - Elpida and Suzhou, Russia Jet Engines
August 6, 2008 -- Elpida and Suzhou Venture Group to Establish Manufacturing Joint Venture in China; RUSSIAN LIQUID-PROPELLANT BIG-THRUST JET ENGINES FOR SPACE ROCKETS Aug 06, 2008
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Tuesday's News - Aerospace, Atlas Copco, Hitachi
August 5, 2008 -- Aircraft manufacturers submit vendor lists; Atlas Copco Acquires Industrial Power Sales, Inc.; HITACHI CONST MACHINERY TO ADD AUSSIE ASSEMBLY PLANT Aug 05, 2008
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Friday's News - Hybrid, Ford, Shanghai Automotive
August 1, 2008 -- Demand Drains US Hybrid Market; Changan Ford sets up 3rd plant in Chongqing; CAR PRODUCTION RESUMES AT LONGBRIDGE PLANT Aug 01, 2008
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