| |
Globaline
Weekly publication of the most up-to-date global news on your customers and competitors. Available only to AMT members.
|
|
| |
Archived News
- October 2007
|
-
Microscopic Tubes Promise Painless Needle Pricks
October 31, 2007 -- A research group at Tokai University has developed a way to fabricate metal tubes that are as small as 50 microns in outer diameter and 25 microns inside, making them no larger than the proboscis of a mosquito and hold the promise of being developed into equally painless syringe needles. Oct 31, 2007
-
Bolivia Heralds New Dawn
October 31, 2007 -- Vinto gm Francisco Infantes paints a confident picture for the state-controlled smelter. After the alleged mismanagement of the Glencore years, the company can now look forward to doubling tin output and expansion into other metals production including bismuth and silver. It is part of bold strategy by Evo Morales's government to put Bolivia back on the Andean mining map. Oct 31, 2007
-
Japanese Company's New Subsidiary Established
October 31, 2007 -- Japanese textile machine maker Murata Machinery Ltd today announced the setting up of its subsidiary - Murata Machinery India Pvt Ltd - in India and said it would start operations from November this year. Oct 31, 2007
-
Siemens PLM Software Invests in Japan's Manufacturing Future
October 30, 2007 -- Siemens PLM Software, a division of Siemens Automation and Drives (A&D) and a leading global provider of product lifecycle management (PLM) software and services, today announced in-kind software grants with a commercial value of $725 million to top educational institutions and training centers in Japan to help produce a ready-made employment base for Japanese manufacturers. Oct 30, 2007
-
Rhino Off-Road Industries and Arizona Emergency Products Sign Deal worth Minimum of $9 Million
October 30, 2007 -- Rhino Outdoor International, Inc., which operates outdoor activity based businesses, including wholly owned subsidiary Rhino Off-Road Industries, Inc., announced today that it has executed an Exclusive Distributorship, Manufacturing and Supply Agreement for the USA and Canada with Arizona Emergency Products, Inc., an Arizona corporation, and Rapid Response Vehicles, L.L.C., which are both owned by Michael Chamberlain. AEP/ RRV and Rhino have entered into the agreement to manufacture a unique version of its 131 inch wheel base Rapid Response RTV specifically and exclusively for AEP/RRV. The RR/RTV is designed to meet the unique challenges of AEP’s customers in the first response, search and Rescue Theater of operations. Oct 30, 2007
-
EU Tariffs Sought on Chinese Steel Imports
October 29, 2007 -- European steel producers today will ask European Union trade officials to apply punitive tariffs on Chinese steel imports, according to people familiar with the matter. It would take at least 10 months for the EU to apply tariffs, but trade officials in Brussels appear to be sympathetic. EU Trade Commissioner Peter Mandelson recently warned China that its "current level of steel production is unsustainable." Oct 29, 2007
-
New Hydraulic Press Line with Higher Speeds, Precise Control
October 29, 2007 -- When the Miele & Cie. KG appliance company expanded its offering of automatic washers and dryers, they decided to build a new hydraulic press line to make the rear metal panels. The press line needed hydraulic control capable of producing extremely fast press strokes to handle the transfer of each metal sheet to the next stage of the press. With help from the Bosch Rexroth industrial hydraulics Press Application Center, the new press line was successfully commissioned, running at 10-second cycle times. Oct 29, 2007
-
Auto Castings Maker Plans More Plants
October 26, 2007 -- Georg Fischer, Europe's largest maker of automotive iron castings, will invest 50 million Swiss francs in China next year to set up three plants to meet the growing demand for its products here, the company said yesterday in Shanghai. The new plants will help the Switzerland-based company boost its China sales to about 550 million Swiss francs in three years from last year's 300 million, its president and chief executive officer, Kurt E. Stirnemann, told Shanghai Daily. The plants will make products sold by the company's three core businesses - automotive iron castings, piping and machine tools. The factories are scheduled to go into operation in 2009. The company already has 11 plants in the country. "China will continue to play an important role in our Asia market as it already accounts for two-thirds of our revenues in the region," Stirnemann said. The company has benefited from strong demands for its products in developing regions. It hopes to boost sales in Asi Oct 26, 2007
-
Creep-Feed Grinding is a Mining Process: (So Why Not Use a Vertical Machining Center?)
October 26, 2007 -- Creep-feed grinding is an abrasive machining process, but beyond that, it doesn't resemble other forms of grinding. Nelson Beaulieu, grinding product manager with Hardinge Inc., says it makes more sense to characterize creep-feed grinding as a milling process. After all, creep-feed grinding employs a deep cut and a high metal removal rate, and it features a low feed rate in place of fast reciprocating motion. The "tool" in creep-feed grinding--the grinding wheel--gets buried in the material like a milling cutter. Oct 26, 2007
-
Aluminum Continues its Impressive Run in Automobiles
October 25, 2007 -- The latest study from Ducker Worldwide documents 30 years of continuous year-over-year growth of aluminum content in North American light vehicles, and projects that growth to continue through 2015. As reported in a special publication from the Aluminum Association, the study shows that in 2006, aluminum, for the first time, eclipsed iron in vehicle content worldwide. Current projections for aluminum content show that this growth will continue at a rate of 8 to 10 lb. per vehicle annually for the foreseeable future. Oct 25, 2007
-
Linamar Signs Deal to Buy Welsh Swansea Plant
October 25, 2007 -- Auto parts firm Linamar Corp. has signed a memorandum of understanding to acquire Visteon Corp.'s Swansea plant in Wales for an undisclosed price. The plant produces power transfer units, transfer cases and axles. Oct 25, 2007
-
LORD Corporation Announces Expansion of Huckelhoven, Germany Plant
October 24, 2007 -- LORD Corporation has announced the expansion of its Huckelhoven, Germany plant as part of its long-term commitment to supply high-quality and state-of-the-art rubber-to-substrate primer, adhesives and coating technology products to European customers. Oct 24, 2007
-
New Teamcenter Based Solution for the Medical Device Industry
October 24, 2007 -- Siemens PLM Software, a division of Siemens Automation and Drives (A&D) and a leading global provider of product lifecycle management (PLM) software and services, and Tata Consultancy Services, a leading IT services, business solutions and outsourcing organization, today announced Teamcenter for Medical Devices, the first fully integrated PLM solution for the medical device industry. Oct 24, 2007
-
Take It to the Mex
October 23, 2007 -- Apart from millions of Beetles, Mexico’s automotive industry hasn’t produced much. But - fasten your seatbelts - here comes the Mastretta MTX. Some 130 years after the invention of the motor car, two Mexican brothers, Carlos and Daniel Mastretta, are about to make motoring history. In December, at the 2008 International Mexican Auto Show, their £28,000 Mastretta MTX sports car will make its debut as the first ever Mexican-designed and manufactured car. And it’s a high-end sports car, very much in the mould of the Lotus Elise. Oct 23, 2007
-
Technip Awarded Contract for a Nickel Plant in Indonesia
October 23, 2007 -- Technip has been awarded by Eramet a contract of the engineering studies and assuming a go-ahead decision of the general contracting services for a laterite treatment plant on the island of Halmahera, in Indonesia. The contract covers the treatment plant and associated infrastructures. Oct 23, 2007
-
Austrian A-Tec Completes Two Acquisitions
October 22, 2007 -- Austrian listed industrial holding A-Tec Industries AG of investor Mirko Kovats has completed the acquisition of German toolmaker Doerries Scharmann Technologie and of 90 % in industrial boiler maker Deltak Power Equipment China Co. Ltd. after obtaining approval from the local anti-trust authorities, A-Tec said. DST will complement A-Tec's machinery construction division, while Deltak Power will strengthen the holding's presence in China. Oct 22, 2007
-
Rising Tide
October 22, 2007 -- The stars are coming into alignment for the Port of Mobile. Three large infrastructure projects are under way or nearing completion at the port that will fuel rapid growth of container, rail and breakbulk volumes in coming years. When these projects come on line, Mobile will be in a position to capture a solid part of the ocean trade generated by new automobile and industrial plants that are springing up across the South. Oct 22, 2007
-
Titanium Valley Planned for the Urals
October 19, 2007 -- A "titanium valley" is to be established in the Sverdlovsk Region (Urals) with the assets of VSMPO Avisma, the world's largest titanium producer. It will produce expensive components for global aircraft companies, said First Deputy Prime Minister Sergei Ivanov. Oct 19, 2007
-
Alcoa Wins $360M Jet Fighter Parts Pact
October 19, 2007 -- Aluminum maker Alcoa Inc. has been awarded a $360 million contract by the defense contractor Lockheed Martin Corp. to supply parts for new stealth fighter jets that will replace aging military planes. Alcoa's forged and cast products division in Cleveland will produce alloy aluminum die forgings for the F-35 Lightning II fighter jet, also known as the Joint Strike Fighter, over the next 10 years, the company said. The U.S. plans to use the F-35 to replace older planes used by the Marines, Air Force and Navy, including F-16, F-18 and Harrier jets. The F-35 is among the most expensive Pentagon spending programs, costing a total of $275 billion. Oct 19, 2007
-
Thyssenkrupp to Increase Investment in China
October 18, 2007 -- German's largest steelmaker ThyssenKrupp AG decided to add Euro-500-million investments in China, to expand its business into one of world's fastest growing market, said the company's CEO Ekkehard Schulz. Oct 18, 2007
-
Pratt & Whitney Plans MRO Facility in India
October 18, 2007 -- American aircraft engine manufacturer Pratt & Whitney (P&W) plans to set up a maintenance, repair and overhaul (MRO) facility in India to tap the fast growing civil aviation industry. The multinational company is now assessing what type of aircraft engine the MRO should deal with. Oct 18, 2007
-
Thyssenkrupp USA Will Spend $3.7billion on Hot Strip Mill and Cold Rolling Complex
October 16, 2007 -- ThyssenKrupp Steel USA will invest $3.7 billion on a new hot strip mill and cold rolling carbon and stainless steel complex in Calvert, Alabama. Plantmaker SMS Demag AG was awarded the contract to supply the new facilities. Installation will begin at the start of 2009 and production is scheduled to start in 2010, ThyssenKrupp said. "The hot strip mill and cold rolling complex are two of the most critical components for our operations," Bob Soulliere, CEO of ThyssenKrupp Steel USA, said in the statement. Oct 17, 2007
-
Timken to Expand Industrial Bearing Services
October 17, 2007 -- The Timken Company today announced the expansion of its industrial bearing services capacity in response to the strong long-term outlook for demand and to extend the company’s heavy-industrial customer base. Timken will invest nearly $6 million in this project, which includes the opening of a new service center in Union, S.C., and the expansion of the company’s existing industrial bearing services facility in South Bend, Ind. Oct 17, 2007
-
Sany Says India, US Plants to Produce By End-2008
October 16, 2007 -- Sany Heavy Industry Co said on Monday it would invest over $120 million overseas in an expansion plan that would begin production by the end of next year. While Sany's investment plans are relatively small and spread over four continents, they could turn it into the first Chinese firm to make construction equipment in North America. "We have to get closer to our markets and our customers," Chairman Liang Wengen told reporters on the sidelines of the Party Congress. "The proportion of our exports is growing all the time," he said. Oct 16, 2007
-
Toyota Supplier Plans New Indiana Seat Frame Plant
October 16, 2007 -- Toyota Boshoku America is to build a new metal stamping and assembly facility in Princeton, Indiana, making seat frames for a nearby Toyota plant. The supplier already operates a joint venture in Indiana called Total Interior Systems – America. Oct 16, 2007
-
Skywest Plans To Acquire 22 Regional Jets; in Negotiations with Bombardier
October 15, 2007 -- Bombardier Inc. confirmed yesterday it is negotiating the sale of 22 regional jets worth $660 million at list prices to prominent U.S. commuter airline SkyWest. Oct 15, 2007
-
Nippon Mining, Mitsui Kinzoku to Develop S American Copper Mines
October 15, 2007 -- Nippon Mining & Metals Co. and Mitsui Mining & Smelting Co., known as Mitsui Kinzoku, plan to develop major copper production operations in Peru and Chile by 2011 through their joint venture, Pan Pacific Copper Co., at a total cost of up to 200 billion ¥ ($1.7 billion), The Nikkei learned Friday. Oct 15, 2007
-
CVRD to Invest $11 Billion in 2008
October 12, 2007 -- Companhia Vale do Rio Doce states that its Board of Directors has approved an investment budget of $11.0 billion for 2008, the largest annual investment program ever undertaken by CVRD or by any mining company in the world. Oct 12, 2007
-
Hyundai Motor Considers Building Auto Plant in Russia
October 12, 2007 -- Hyundai Motor Co., South Korea's top carmaker, is considering building a automobile manufacturing plant in Russia as it seeks ways to grab a bigger slice of the booming auto market in the nation, a company official said Friday. "We are reviewing a plan to build a local manufacturing plant, but no decision was made yet," said the official, who asked not to be named, in response to a newspaper report earlier in the day. Oct 12, 2007
-
Thyssenkrupp Elevator Awarded Exclusive Freedom Tower Contract
October 11, 2007 -- The contract to install and maintain all 71 elevators and nine escalators in the Freedom Tower in New York City is one of the biggest in the history of ThyssenKrupp Elevator, one of the world’s leading manufacturers, installers and service providers of vertical and horizontal transportation technology. Oct 11, 2007
-
Top Manufacturers Continue to Act as Japan's Sole Growth Engine
October 11, 2007 -- Japan's leading manufacturers keep churning out hefty profits despite signs of a slowdown in their key U.S. market, serving as virtually the only engine of growth for the domestic economy. Oct 11, 2007
-
Siemens PLM Software Announces Latest Version of Solid Edge 2D Drafting
October 10, 2007 -- Siemens PLM Software, a division of Siemens Automation and Drives (A&D) and a leading global provider of product lifecycle management (PLM) software and services, today announced the latest version of Solid Edge(R) 2D Drafting software. Oct 10, 2007
-
Sahaviriya Smelter to Come Online in 2009
October 10, 2007 -- Sahaviriya Group Co., the country's largest steel group, expects to start construction of its 500-billion-baht smelting plant early next year and to start production by 2009, says the group's director Win Viriyaprapaikit. Oct 10, 2007
-
Six-Stroke the Next Big Thing
October 10, 2007 -- Bosch, Lotus and their partners are developing six-stroke engines, writes Michael Taylor in Europe. The life of the internal combustion engine is about to be extended by the most radical new design development in 100 years. Oct 10, 2007
-
Yingliu Group: A Growing Machinery Giant
October 9, 2007 -- Headquartered in the Hefei Economic-Technological Development Area in East China's Anhui Province, the Yingliu Group is a large private company specializing in casting, forging, machining, sales and technological research, with total assets worth 890 million yuan. The group has set up branches in Anhui and Jiangsu provinces, and Shanghai, as well as in Europe and the United States. Oct 09, 2007
-
China Keeps the Good Times Rolling
October 9, 2007 -- How long can it last? That is the question facing steelmakers, as they consider the extraordinary demand and profits boom that has transformed the outlook for the industry in the past five years. Since the main driver of the boom has been China, the answer to the question is highly dependent on the continuing pace of economic growth in the world's most populous country. Oct 09, 2007
-
Mobile to Process Stainless Steel
October 8, 2007 -- ThyssenKrupp AG’s new plant, which will be located in Mobile County, Ala., will produce stainless steel and export it through the Port of Mobile, the Mobile Press-Register reported.The $3.7 billion plant will be designed to produce up to 1 million tons of stainless steel per year. The German steelmaker will export a third of the product, about 340,000 tons, to its finishing plant in San Luis Potosi, Mexico. Oct 08, 2007
-
Thyssenkrupp Sees Stable Carbon Flat Steel Demand
October 8, 2007 -- ThyssenKrupp , Germany's largest steelmaker, expects another strong fiscal year ahead for its core carbon flat steel business with signs showing demand stabilizing at a very high level, it said on Sunday. Oct 08, 2007
-
Bosch Rexroth Celebrates 40 Years of Business in the U.S.
October 5, 2007 -- Bosch Rexroth Corp. marked 40 years of operation in the U.S. with an anniversary party September 21st at its industrial hydraulics facility in Bethlehem, PA. It was the first in a series of events to be held at Rexroth locations nationwide to mark the 40th anniversary of the company’s founding in nearby Easton, PA, in 1967. Oct 05, 2007
-
More Chinese Steel Makers Want to Invest in Indonesia
October 5, 2007 -- More Chinese companies have indicated interest in exploiting iron ore reserves in the country, an official said. At least six Chinese steel makers plan to build iron ore processing plants in South Kalimantan, Metal, Machine, Textile and Multifarious Industries Director General Ansari Bukhari said. Earlier China Steel Resources Holding Company planned to invest US$450 million to build a steel plant in that province. Oct 05, 2007
-
Georgia Superabrasive Tooling Introduces Minicerts
October 5, 2007 -- A revolutionary and more cost effective product to replace Mini Tips. MiniCerts provide a greater depth of cut and feed rates, when compared to Mini Tips. Oct 05, 2007
-
Skim Oil from Totally Enclosed Machining Centers
October 4, 2007 -- Abanaki Corporation, the world leader in oil skimming products, has announced that its low-profile oil skimmer has been redesigned for easier maintenance. Designed to reach inside the coolant sumps of metalworking machines, the improved Tubetastic! lowers maintenance costs compared to previous models. Oct 04, 2007
-
Atlas V Rocket Picked for Jupiter Mission
October 4, 2007 -- NASA's Launch Services Program office at the Kennedy Space Center has selected United Launch Alliance's Atlas V -through Littleton-based Lockheed Martin Commercial Launch Services -for the Juno mission to Jupiter. Oct 04, 2007
-
3 Retired Engineers Break the Mold with Titanium Grant
October 3, 2007 -- A trio of retired Ingersoll International engineers received a $2 million grant to develop a way to cut the machining cost of titanium and ceramics which could put the Rock River Valley squarely in the middle of the advanced machining research community. Oct 03, 2007
-
Siemens Prepares For Its Cultural Revolution
October 3, 2007 -- Peter Loscher, Siemens’ chief executive, has repeatedly stressed he is pushing "an evolution, not a revolution" at Europe's largest engineering group. But, as he approaches 100 days in charge of the German company, it is clear he is planning some radical changes. Oct 03, 2007
-
HELICOPTERS: In Rotor-Parts Supply, Alcoa Makes the World Go Round
October 2, 2007 -- Alcoa Inc. once said it anticipated the aerospace boom would peak this year, but now the big aluminum producer doesn't see demand starting to peter out until at least 2012. In light of the new forecast, Alcoa is preparing to meet continued growth in demand for helicopter components with a range of expansion projects. Oct 02, 2007
-
Komatsu to Bolster Machinery Leasing as Key Earnings Source
October 2, 2007 -- Komatsu Ltd. (6301) is fortifying its construction machinery leasing and financing business in Japan and abroad, seeking to turn the segment into a stable source of income. Leased equipment can also be sold as used machinery, usually for a high price, after lease contracts expire. Komatsu has lagged behind U.S. rival Caterpillar Inc. in expanding leasing businesses, but will now strengthen the segment. Oct 02, 2007
-
OEM Contract Manufacturing to Grow $11 Billion by 2011
October 1, 2007 -- The next few years are expected to be lucrative ones for OEMs (Original Equipment Manufacturers) and contract manufacturer companies processing raw materials for medical device companies-especially in niche areas and among OEMs that offer flexibility to move with market changes. The materials processing area of contract manufacturing for device manufacturing will grow from $13.9 billion globally to $25.41 billion by 2011, according to OEM Contract Manufacturing in Medical Devices, Volume I: Materials Processing, a new report by Kalorama Information. Oct 01, 2007
-
Ranger Flips Sourcing to 90% US amid Changing Trade Winds
October 1, 2007 -- Steel plate distributor Ranger Steel Services LP, Houston, has gone from handling 90 percent imported steel to 90 percent domestic steel in response to changing world markets and currencies, as well as U.S. trade policies, the company's top executive said. Oct 01, 2007
|
|
|
|
|
