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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
- September 2007
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Thyssenkrupp Steel's New Blast Furnace to Start By End of Year
September 28, 2007 -- Germany's ThyssenKrupp is to start up a new blast furnace in Duisburg, a Ruhr city, by the end of this year, a spokesman for the big steelmaker told Platts Friday. The 2 million mt/year production unit is expected to be completed this year so that full output will be reached in spring 2008, he added. Sep 28, 2007
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Italian Iveco Wins Order from Brazilian Army
September 28, 2007 -- Iveco, the truck and bus unit of Italian carmaker Fiat, has won an order from the Brazilian army to supply new models of armored vehicles for troop transport, Brazil's Defense Ministry said. Brazil's armed forces are interested in a production of 1,200 vehicles of Iveco, the Defense Ministry added. The contract between the Brazilian army and Iveco is expected to be signed in October or November 2007. Iveco has a truck and van making plant in Sete Lagoas, in Brazilian central state Minas Gerais state. Sep 28, 2007
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Mitsubishi Heavy Industries Ties Up with Russian Firm on Turbine Biz
September 27, 2007 -- Mitsubishi Heavy Industries Ltd. said Thursday it has inked a deal with Renova Group of Companies, a major Russian asset management firm, to collaborate in turbine production. Under the deal, which also involves ZAO Ural Turbine Works, a core Renova Group firm, Mitsubishi Heavy will license its manufacturing technologies for large gas and steam turbines. Sep 27, 2007
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Okuma to Prevent Use of Machine Tools for Military Applications
September 27, 2007 -- Japan's Okuma Corp. will equip all machine tools shipped overseas from next spring with devices to safeguard against improper relocation, The Nikkei learned Wednesday. With increasing local production of autoparts, more machine tools are being shipped to emerging countries in such regions as Asia. Sep 27, 2007
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North Africa - New Launch Pad for Auto Makers
September 26, 2007 -- When French car company Renault SA and its Japanese partner, Nissan Motor Co., announced their intention to build a joint assembly plant in Tangier, Morocco at an estimated cost of 1 billion euros, it was a substantial enough investment to make auto industry analysts take notice. The labor-rich swath of five countries that make up North Africa, with their easy access to the Mediterranean Sea and the entirety of sub-Saharan African unfurling to their south, is becoming an increasingly important --and strategic -- centre for auto production. Sep 26, 2007
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Auto Parts Maker FMG India Re-Jigs Top Management
September 26, 2007 -- Auto parts manufacturer Federal-Mogul Goetze India has appointed Rustin Murdock as managing director and chief financial officer. A company press release issued Tuesday stated that Murdock, who was previously FMG director of finance, would also serve as board member. Sep 26, 2007
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Mitsui Seiki Bulks Up
September 25, 2007 -- Strong demand from aircraft makers has prompted an expansion at Mitsui Seiki, a Japanese builder of extremely high-precision machine tools. The company says it has opened a 17,000-sq.-ft. building at its Saitama plant as the first-stage of the expansion, with two more production bays each of 50,000 sq. ft. to follow in June 2008. Sep 25, 2007
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Novelis to Boost Brazil's Capacity
September 25, 2007 -- Novelis do Brasil plans to invest $7 million to increase aluminum sheet ingot production capacity at its Pindamonhangaba plant in Brazil, the company said. The investment will include the addition of a new aluminum melting furnace and will contribute to a 12% increase in the unit's aluminum sheet production capacity. Sep 25, 2007
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Recalls Will Play Key Role in Device Industry Going Forward
September 25, 2007 -- As medical devices become more complex and the FDA increases the effectiveness of its postmarketing surveillance, success in handling product recalls will become a key business activity for devicemakers, according to Kimber Richter, deputy director of medical affairs for the Center for Devices and Radiological Health's (CDRH) Office of Compliance. Sep 25, 2007
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BMW Eyes China and Mini Expansions
September 24, 2007 -- BMW is expanding capacity worldwide and looking for a new location in China as well as ways to boost Mini output. Sep 24, 2007
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A Significant Force - Bosch Rexroth Employs 600 in Bethlehem Making Powerful Hydraulic Units
September 24, 2007 -- DAVID PETERS of Whitehall Township, a tester, works on mobile control valves at Bosch Rexroth in Bethlehem. The German company on Friday celebrated 40 years in the United States. Forty years ago, Alfred Krug got a one-way ticket to America from his employer, the German company Rexroth. His directive: Build the business in America. He opened a small office in Easton with 11 employees who sold the company's hydraulic systems, which can generate the tremendous force needed in factories, construction equipment and a long list of other applications. They hit a trade show in New York City with a display sign built and painted in the garage of one of Krug's workers. Sep 24, 2007
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MAG Wins Machine Orders for CGI Cylinder Blocks
September 24, 2007 -- MAG Industrial Automation Systems has won major volume production orders for machining lines to process compacted graphite iron (CGI) vee-diesel engine cylinder blocks in four facilities in North America. The lines will use hundreds of machining centers. Sep 24, 2007
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Die, Mold Makers to Aid PhUV Builders
September 21, 2007 -- Efforts of domestic auto parts makers to mass produce a low-priced utility vehicle got a boost after the Philippine Die and Mold Association committed to contribute skills and resources to the program. Ferdinand Raquelsantos, director of the Motor Vehicle Parts Manufacturers Association of the Philippines, said the PDMA's interest in the Philippine Utility Vehicle started when it saw the prototype displayed in a recent exhibition. Sep 21, 2007
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French Dassault Aviation May Lose Moroccan Rafale Order to Second-Hand F-16s
September 21, 2007 -- French aircraft maker Dassault Aviation SA will probably lose a 2.0 bln euro ($2.8 bln) worth Rafale combat aircraft order from Morocco to second-hand F-16 fighter jets, according to a report in French daily La Tribune. Sep 21, 2007
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Nissan Autoparts Suppliers Expanding Sales to Toyota Group
September 21, 2007 -- Some autoparts suppliers connected mainly to Nissan Motor Co. are increasing sales of components to the Toyota Motor Corp. group in an effort to diversify their revenue sources. Sep 21, 2007
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Japanese Honda Targets Annual Output of 30,000 CR-Vs in Mexico
September 20, 2007 -- Japanese car and motorcycle maker Honda targets an annual output of 30,000 units of the latest sports utility vehicle (SUV) model CR-V in Mexico, Honda's Mexican unit said. Sep 20, 2007
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Nemak to Expand Aluminum Melting at Monterrey
September 20, 2007 -- The Nemak subsidiary of industrial conglomerate Alfa SA de CV is embarking on a strategy of vertical integration in its aluminum automotive castings business by expanding its scrap processing and remelt capacity, beginning with a project at a facility in Monterrey, Mexico. Sep 20, 2007
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Financing of Trade Operations by EDB to be Guaranteed by European Export Credit Agencies
September 20, 2007 -- Medium- and long-term financing of import operations by the Eurasian Development Bank will be guaranteed/ensured by the European export credit agencies. EDB and Deutsche Bank signed an appropriate frame agreement last Tuesday, EDB says in a Wednesday statement. Sep 20, 2007
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China Steel to Build Steel Plant in South Kalimantan
September 19, 2007 -- China Steel Resources Holding Company wants to build a large steel plant in South Kalimantan, a regional official said. Head of the South Kalimantan office of the regional development planning board Noor Riwandi said the ground breaking ceremony will take place next month to mark the start of the construction of the plant. Sep 19, 2007
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Austrian Magna Steyr, German Ruecker Team Up
September 19, 2007 -- Austrian automobile contract manufacturer Magna Steyr, part of Canadian Magna International, has signed a framework agreement with German engineering group Ruecker AG for the development of engineering goods and services, the German company said on September 18, 2007. Sep 19, 2007
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Reaching for a Smarter Factory: Machine Tools that Not Only Think, but Readily Communicate.
September 19, 2007 -- Intelligent" and "smart" are words that machine tool makers increasingly use at product introduction time. These days builders also seem to refer to "smart" features as routinely as their traditional claims of machine tool speed, accuracy and productivity. Sep 19, 2007
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PSA Peugeot-Citroën to Invest US$500 mil. in Latin American Operations
September 18, 2007 -- PSA Peugeot-Citroën's general director for Brazil and Mercosur, Vincent Rambaud, has announced details of the company's plans to expand production and gain market share in the Latin American region. Speaking at a press conference in Rio de Janeiro (Brazil), Rambaud said that PSA will invest US$500 million in Argentina and Brazil, introducing 12 new models, and that it aims to capture an 11% market share in the region by 2010. Sep 18, 2007
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Saab Tackles Global Threat
September 18, 2007 -- Currently celebrating its 70th anniversary as an aerospace manufacturer, Saab is continuing to adjust to the post-Cold War demands of the Swedish armed forces, while also seeking new defence exports and carving a niche as a supplier to commercial products including the Airbus A380 and Boeing 787. Sep 18, 2007
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Hearings Completed for New Vision for Medical Devices Industry
September 18, 2007 -- Korosho has completed the hearings of related organizations that it held to formulate a new vision for the medical devices industry. The new vision will call on the industry to strengthen its international competitiveness and increase the efficacy in the distribution of medical devices. Sep 18, 2007
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SA to Host Indian Engineering Expo
September 17, 2007 -- India, the second fastest growing major economy of the world, has selected South Africa, and in particular the Manufacturing Technology International Exhibition (MTI), to host the 17th all exclusive Indian Engineering Exhibition (INDEE). Sep 17, 2007
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Taiwan Machine Tool Makers to Ply High-efficiency Models at EMO Hannover 2007
September 17, 2007 -- At the EMO Hannover 2007, the world’s largest machine-tool show slated for September 17-24 at the Hannover Messe, Taiwan’s leading manufacturers in this field will showcase newly developed high-speed multi-stack machine tools to vie for more business opportunities in the European market. Sep 17, 2007
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Honda Aims to Sell 70,000 Cars in India This Year
September 17, 2007 -- Anticipating 15 per cent growth in automobile sales, Honda Siel Cars India on Friday said it aims to sell 70,000 cars during this fiscal compared to 60,000 vehicles sold last year in the country. Sep 17, 2007
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ThyssenKrupp Materials Services Unit Expanding in Mannheim
September 14, 2007 -- German engineering and steel company ThyssenKrupp AG said Friday its subsidiary ThyssenKrupp Schulte GmbH has invested EUR3 million at its Mannheim location. The investment will go towards the construction of a new approximately 3,000 square meter warehousing, logistics, and processing center as well as in additions to the existing plant and equipment. Sep 14, 2007
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Magna to Further Expand Plant Network in Asia
September 14, 2007 -- In an interview with the Globe and Mail, Magna President Mark Hogan has again stressed the importance of diversifying the supplier’s business base away from the Detroit “Big Three”, with the emphasis on growth in Japan, South Korea, China, and India. Hogan specifically indicated plans to construct a plant in Japan in the next few years, helping take the company’s total in the Asian region to 30, from 25 at present. Sep 14, 2007
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US Woes Aside, Demand Seen Holding Up in 2008
While questions remain about the impact of housing problems on the overall economy and forecasters debate the prospects of a recession, the general conclusion at the Metals Service Center Institute's Economic Summit Forecast conference was that metals and industrial demand are likely to remain strong. Sep 13, 2007
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Thyssenkrupp to Increase Stainless Tube Output in Italy
September 13, 2007 -- Italian stainless steel tube producer Tubificio di Terni, part of ThyssenKrupp Acciai Speciali Terni, is planning to raise its production capacity to 80,000 tonnes/year by 2008, a company source tells Steel Business Briefing. Sep 13, 2007
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Global Automakers Jostle for Place in India's Hot Auto Market
September 12, 2007 -- Global automakers on the hunt for new and lucrative markets are jostling for a place in India, where the car market is growing at an average of 20 percent a year, outpacing even China. Sep 12, 2007
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Japanese Kyowa Seiki to Invest $4.4 Million in New Plant
September 12, 2007 -- Japanese metal moulds maker Kyowa Seiki Co will invest approximately 500 mln Japanese yen ($4.4 mln/3.2 mln euro) in opening a plant at the site of its headquarters in Kasama, Ibaraki prefecture, eastern Japan, it was reported on September 12, 2007. Sep 12, 2007
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ThyssenKrupp Expects 10 Percent Increase in China
September 10, 2007 -- ThyssenKrupp AG, a German-based power plant, expects that its sales in China would increase 10% per annum, especially in sectors like elevators, automotive parts and industrial services, said the group's China senior operation executive last week. Sep 10, 2007
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Federal-Mogul Plans New Plant in Chennai
September 10, 2007 -- US Component maker Federal-Mogul Corporation, which has filed for Chapter 11 bankruptcy that allows a sick company to reorganise, is looking at setting up a greenfield facility in Chennai for manufacturing friction seals for brakes and clutches. Sep 10, 2007
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Japan Nippon Roballo to Build $38.8 Million Plant in Kitakyushu
September 5, 2007 -- Japanese Nippon Roballo Co, a wholly-owned subsidiary of German large-diameter anti-friction bearings maker Rothe Erde GmbH, announced on September 4, 2007 that it would build a plant in Kitakyushu, southern Japan, with a total investment of approximately 4.5 bln Japanese yen ($38.8 mln/28.6 mln euro). Sep 05, 2007
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Valeo to Sell Electrical Wiring Activities
September 5, 2007 -- As part of an extensive restructuring programme, French car parts maker Valeo yesterday announced the sale of its electrical wiring activities to Leoni. The deal is expected to be completed before the end of the year for an undisclosed sum, enabling the German company to become the European leader. The division, which employs 11,700 people at 12 sites, generated turnover of 545m euros in 2006, with EBITDA of 36m euros. Sep 05, 2007
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