| |
Globaline
Weekly publication of the most up-to-date global news on your customers and competitors. Available only to AMT members.
|
|
| |
Archived News
- November 2007
|
-
Th!nk Starts Production of Electric Car
November 30, 2007 -- The production of Th!nk's new electric car the TH!NK City has begun, according to a company press release. On Wednesday (28 November), the first City minicar for European markets, rolled off the assembly line at Th!nk's plant in Aurskog, north-east of Oslo. The first cars will then go through testing and trials under Norwegian winter conditions. Jan-Olaf Willums, chief executive officer (CEO) of Th!nk Global, said "With the production start in November, this project is on time and the prototype phase is over. We are building full production cars with all the right components from the right suppliers that have now been through several months of quality testing." In other words, the Th!nk factory is a hive of activity, as the process has moved from producing prototype cars to complete production cars. The first cars will be used for quality reassurance and tested against a strict validation plan. Nov 30, 2007
-
TASHKENT AIRCRAFT CO TO JOIN RF UNITED AIRCRAFT CORP BY YEAR END
November 30, 2007 -- TASHKENT, Nov 30 Asia Pulse - The Tashkent Chkalov Aircraft Company will join the United Aircraft Corporation (UAC) before the end of this year, Itar-Tass reported quoting an official from the Uzbek enterprise. Speaking at a national exhibition titled "Russia and Uzbekistan: Strategic Partnership" in Tashkent on 28 November, the official said a memorandum on the Tashkent Aircraft Company's accession to the UAC would be signed at the 9th meeting of the inter-governmental commission on economic cooperation between Russia and Uzbekistan. Nov 30, 2007
-
SUS CORP SET TO COMPLETE NEW FACTORY IN THAILAND
November 29, 2007 -- SUS Corp.'s Largest Investment in Thailand, New Factory Close to Completion BANGKOK, Nov. 29 Kyodo JBN-AsiaNet - SUS Corp., the parent company of SUS (Thailand) Co., LTD., which designs, develops, manufactures and markets Factory Automation (FA) aluminum equipment parts and machinery, is seeing completion of the construction of its FA parts production plant in Lamphun. Nov 29, 2007
-
Japan Urawa Works To Invest $18 Mln in Doubling Maebashi Plant Capacity
November 28, 2007 -- Japanese car and precision machinery parts maker Urawa Works Co will invest approximately 2.0 bln Japanese yen ($18.1 mln/12.4 mln euro) in doubling the production capacity at its core Maebashi plant in Gunma prefecture, eastern Japan, it was reported on November 28, 2007. No comparative figures were available. Nov 28, 2007
-
Volkswagen do Brasil To Invest $70 Mln to Raise Sao Carlos Plant Capacity
November 28, 2007 -- The Brazilian unit of German carmaker Volkswagen AG (VW), Volkswagen do Brasil, will invest 123 mln Brazilian reais ($70.4 mln/48.2 mln euro) to increase the daily production of its engine plant in Sao Carlos, in the southeastern Sao Paulo state, Volkswagen do Brasil said on November 28, 2007. The plant's output will be increased to 2,700 units per day in September 2008, compared to the current 1,800. Nov 28, 2007
-
Honda Increases CR-V Capacity in Mexico
November 27, 2007 -- Honda has increased production capacity of the CR-V crossover from 30,000 to 50,000 units a year at its assembly plant in El Salto, in western Mexico, according to Automotive News. Honda spokesperson Eduardo Aragon stated that the car will be exported to Brazil and Argentina in January. The El Salto plant also is raising its production of parts for the Accord and the CR-V and will add an all-terrain vehicle to its line-up of vehicles shipped to the United States. "The parts are for the United States and Mexico, and from January they'll be sent to Argentina and Brazil. We make parts for the same markets to which the vehicles are exported," Aragon said. Honda's production of injection moulded bumpers and instrument panels at the plant will increase from 550,000 units to 1 million a year. Last Thursday (22 November), Honda's chief executive officer (CEO) Takeo Fukui visited the plant together with Mexican President Felipe Calderon. Nov 27, 2007
-
R.I. company plans factory in Iowa; helps offset Whirlpool loss
November 27, 2007 -- A Rhode Island company has announced plans to build a factory to make wind turbine blades, employing 500 workers over the next three years. TPI Composites Inc., based in Warren, R.I., will begin construction next week on a 316,000-square-foot factory to make the blades for General Electric Energy's 15-megawatt wind turbines. GE Energy said it has 6,500 of the turbines installed and expects to have 10,000 operating around the world by the end of next year. Nov 27, 2007
-
Emcor buys Calif. firm to diversify
November 27, 2007 -- Emcor Group is growing again with the acquisition of a California-based, privately held industrial mechanical construction and maintenance company. Nov 27, 2007
-
Flow International Corporation Receives Multi-Million Dollar Aerospace Contract with Mitsubishi Heavy Industries; Mitsubishi purchases second round of Flow waterjets to cut wing structures for major commercial aircraft composite airframe manufacturer
November 27, 2007 -- Flow International Corporation (Nasdaq: FLOW), the world's leading developer and manufacturer of industrial waterjet machines used for cutting and cleaning applications around the world, today announced that Mitsubishi Heavy Industries (MHI) has awarded the company a second round multi-million dollar contract -- to supply MHI with Flow's Composite Waterjet machine tool to cut the carbon fiber wing components for a major commercial jet aircraft program. Nov 27, 2007
-
FAW Enters Into Fast Growing Mexican Car Market
November 26, 2007 -- FAW Group Corporation announced Friday the opening of a joint venture automobile production plant in Mexico. Nov 26, 2007
-
Malaysia's MMC Signs JV Deal to Build US$3 BLN Aluminum Smelter
November 26, 2007 -- MMC Corporation Berhad (MMC) (KLSE:9194) Monday announced that its wholly-owned unit, MMC International Holdings Limited, has signed an agreement to build and operate an aluminum smelter with associated anode plants in Jazan Economic City (JEC) in Saudi Arabia at an estimated cost of US$3 billion. MMC International on Nov 24 signed the agreement with its partners, Saudi Binladin Group (SBG) and Aluminum Corporation of China Limited (CHALCO), to develop, own and operate the smelter that will have an annual production capacity of about one million metric tons. Nov 26, 2007
-
Executive Appointments at Lear
November 20, 2007 -- Lear Corporation a supplier of automotive seating systems, electrical distribution systems and electronic products, today announced the appointments of Terrence B. Larkin to senior vice president, general counsel and corporate secretary and Wendy L. Foss to vice president, corporate controller and chief compliance officer. Larkin will assume responsibility for Lear's legal and regulatory matters globally, effective January 1, 2008. Nov 20, 2007
-
KPS Capital Partners, LP Completes Acquisition of Olin Corporation's Metals Business; Forms Global Brass And Copper, Inc. John Walker Named Chief Executive Officer
November 20, 2007 -- NEW YORK, Nov. 20 /PRNewswire/ -- KPS Capital Partners, LP ("KPS") announced today that it completed its previously announced acquisition of the worldwide metals business of Olin Corporation (NYSE: OLN) through a newly formed company, Global Brass and Copper, Inc. ("GBC"), for $400 million of cash consideration and a customary working capital adjustment. KPS also announced that Mr. John H. Walker was named Chief Executive Officer of GBC. Mr. Walker was previously Chief Executive Officer of The Boler Company and Weirton Steel Corp., and President of flat-rolled products at Kaiser Aluminum. He serves on the boards of directors of UAL Corporation, the parent company of United Airlines, and Delphi Corporation. Nov 20, 2007
-
GCC 'tools up' with investment worth US$4.3 billion
November 19, 2007 -- GCC countries are investing heavily in the expansion of their industrial manufacturing sectors, with industry experts forecasting a huge boom in the region's machine tools market. "According to research outfit Gobi International the growth in demand for machine tools in the GCC is forecast to rise from the current US$3.1 billion to US$4.3 billion by 2012 - a staggering 39 per cent increase," said Trevor Punt, Group Exhibition Director, IIR Middle East, organisers of the first Middle East Manufacturing Exhibition (MEMEX), which takes place at the Abu Dhabi National Exhibition Centre on 9 -12 December 2007. Nov 19, 2007
-
Air Industries Group Announces Major Acquisition ; Accretive Acquisition of Blair-HSM Group of Companies to Create Landing Gear Powerhouse
November 19, 2007 -- Air Industries Group, Inc. (OTCBB:AIRI) today announced that it will acquire all of the outstanding shares of Blair Industries, Inc., Blair Accumulators, Inc., H.S.M. Machine Works, Inc. of New York, and H.S.M. Machine Works, Inc. of North Carolina (collectively, “Blair-HSM”). With a forty year history, Blair-HSM designs and manufactures fully dressed landing gear and other structural and hydraulic components primarily for commercial and military aircraft, and is comprised of sister companies operating out of one facility in Medford, Long Island, NY, and another facility in Leland, NC. As part of the purchase agreement, Air Industries Group has agreed to pay approximately $16.4 million in a combination of cash, restricted stock, and debt. The closing of the acquisition is expected to be on or about January 2008, and is subject to the satisfaction of standard terms and conditions. Nov 19, 2007
-
ThyssenKrupp Unit Buys Aerospace Supplier Apollo Metals Group
November 19, 2007 -- ThyssenKrupp AG's (TKA.XE) industrial services unit, ThyssenKrupp Services, Monday said it is expanding its aerospace materials services operations by acquiring a 100% stake in U.K.-based Apollo Metals Group, including Aviation Metals, for an undisclosed fee from Murray International Holdings. Nov 19, 2007
-
Johnson Controls Acquires Skymark International; Acquisition serves as catalyst to HVAC/R product line expansion
November 16, 2007 -- Johnson Controls, Inc. (NYSE: JCI), the global, multi-industrial leader in creating smart environments, today announced that it has acquired Skymark International, Inc. an indoor packaged HVAC products manufacturer headquartered in Ontario Canada. Specific terms of the agreement were not disclosed. Nov 16, 2007
-
Boeing signs deals for 12 Dreamliners with Vietnam
November 16, 2007 -- Vietnam and US aircraft maker Boeing on Friday signed deals for twelve 787-8 Dreamliners to help the state-run carrier modernise its fleet and meet surging air travel demand. Nov 16, 2007
-
INDIA A HIGH POTENTIAL MARKET FOR GERMAN MACHINE TOOLS
November 16, 2007 -- Germany perceives India as a dynamic market for machine tools, especially in the backdrop of growth in the domestic automobile and mechanical engineering sectors, says a visiting official of the German machine tool makers' body. German machine tool exports to India have been growing at double digit figure since 2002. Moreover, German exports saw an increase of 23 per cent in the first half of 2007 compared to the same period last year, Chairman of VDW, the German Machine Tool Builders' Association, Carl Martin Welcker said on Thursday. Nov 16, 2007
-
Johnson Controls to buy interiors plant from Ford
November 15, 2007 -- Johnson Controls Inc has agreed to buy an auto interiors plant from Ford Motor Co , one of several plants the car maker plans to sell or close by the end of 2008, the companies said on Thursday. Nov 15, 2007
-
Martinrea moving jobs south; Local plant, Kitchener Frame Ltd., not in immediate danger
November 15, 2007 -- Martinrea International Inc. executives said yesterday they will shift work from Canadian plants to factories in the U.S. and Mexico due to the strong Canadian dollar. Nov 15, 2007
-
CHINA THE WORLD'S BIGGEST MACHINE TOOL CONSUMER
November 15, 2007 -- China is expected to continue being the world's biggest machine tools consumer, according to the China Machine Tool and Tool Builders Association. The annual output value of machine tools will be US$9 billion this year, consumption US$14.5 billion, and market occupancy over 50 per cent. Nov 15, 2007
-
MITSUI SETTING UP PLASTIC MANUFACTURING UNIT IN INDIA
November 14, 2007 -- Japanese firm Mitsui Chemicals Group is investing Rs 300 million (US$7.6 million) to set up a new unit here to manufacture polypropylene compounded resins to be used by automakers for making bumpers, panels and pillars. The company has already tied up with Japanese carmakers like Honda and Suzuki for supplying the raw material and is also in talks with local automobile giant Tata Group. Nov 14, 2007
-
Cavotec moves ahead thanks to cold ironing focus
November 13, 2007 -- MARITIME equipment manufacturer Cavotec has recorded a 5% increase in sales in the third quarter of this year, writes Craig Eason. Sales reached €30m ($42.4m) and the company’s rolling 12-month order intake now stands at €129m, an improvement of 11.3%. Nov 13, 2007
-
New device could save thousands
November 13, 2007 -- Thousands worldwide could benefit from the innovative nature of a small Worcestershire manufacturer which has tapped into high-tech help from universities in the region. Malvern Medical Developments, through to the final of the Lord Stafford Awards, is expecting its Oracol Plus product to revolutionise the way deadly viruses and infections are identified. Nov 13, 2007
-
MTAR to set up arm to make oilfield equipment
November 12, 2007 -- MTAR Technologies Pvt Ltd, which recently received an investment of $65 million (Rs255 crore) from private equity firm Blackstone Group Lp., plans to set up a separate division to manufacture oilfield equipment in an effort to meet growing demand from domestic and foreign oil and gas companies. Nov 12, 2007
-
Magna ready to build auto assembly plant in Russia, report says
November 12, 2007 -- Magna International Inc.plans to build a vehicle assembly plant in Russia to build cars for Chrysler LLC, Russian newspaper Kommersant said Monday. The factory could build as many as 150,000 vehicles a year, the report said, which would expand Magna's assembly capability beyond a single plant in Graz, Austria, and give Chrysler its first major foothold in Russia, which is expected to be one of strongest vehicle markets for the rest of this decade and beyond. Nov 12, 2007
-
Wagoner environmental company preparing for its major expansion
November 12, 2007 -- When Wal-Mart decided to replace its traditional blue employee vests, it asked Sustainable Solutions Inc. of Wagoner to figure out how to recycle those fibers into Christmas cards for America's war veterans. Partnering with Hallmark, SSI got it done in less than 90 days. Nov 12, 2007
-
Remote control could give patients the chance of health monitoring at home
November 9, 2007 -- Patients could soon have their health monitored remotely in their own homes thanks to a technological revolution being developed in Wales. Scientific advances will see patients being given "intelligent" medical devices within the next decade, according to experts. Nov 09, 2007
-
Kharkov Bearing Plant to Buy Lathes
November 9, 2007 -- This November, the Kharkov bearing plant will hold a tender for the delivery of 80 automatic lathes. The plant is Ukraine's largest of the kind. The plant seeks to buy E5.0 million worth of equipment, estimating the total cost of upgrading its roller bearing production at E15m. Nov 09, 2007
-
Qinchuan Machinery to Run Subsidiary in US
November 9, 2007 -- BAOJI, November 09, SinoCast -- China's Ministry of Commerce officially allowed Qinchuan Machinery Development Co., Ltd. of Shaanxi, a machine tools supplier based in northwest China, to set up a wholly-owned arm in Michigan, America. Nov 09, 2007
-
sp3 Diamond Technologies Installs Advanced Diamond Deposition Tool at Heriot-Watt University; Diamond's ability to withstand sun-like temperatures could unlock the potential of clean nuclear energy
November 8, 2007 -- SANTA CLARA, Calif., Nov. 8 /PRNewswire/ -- Following a recent order for its advanced Model 650 hot filament CVD diamond deposition reactor, sp3 Diamond Technologies, Inc., a leading supplier of diamond film products, equipment and services, announced that it has completed installation of the tool at Heriot-Watt University in Edinburgh, Scotland. Nov 08, 2007
-
Russia expects revival of ship, platform building
November 8, 2007 -- MOSCOW, Nov 8 (Reuters) - Russia expects a revival of its ship and oil platform building industry as billions of dollars of private and state funds are invested to tap new offshore fields, Energy Minister Viktor Khristenko said on Thursday. "There will be 30-35 platforms for the shelf development. If you are aware of how technologically atypical they are, it brings you to some $15-$20 billion in investments," Khristenko told a news conference after a weekly government meeting. Nov 08, 2007
-
ArvinMeritor to Close North Carolina Plant, Open One in Mexico
November 7, 2007 -- Auto supplier ArvinMeritor Inc. announced Wednesday it will close a plant in North Carolina and open one in Monterrey, Mexico, where some work from the shuttered U.S. operation will move. The axle operation in Arden, N.C., will close by September 2008. Nov 07, 2007
-
International Automotive Components Strengthens Manufacturing Footprint
November 7, 2007 -- International Automotive Components Group North America (IAC North America) today announced that it has completed the acquisition of Collins and Aikman's (C&A) manufacturing facility in Hermosillo, Mexico for $17 million plus the assumption on a restructured basis of certain liabilities. Nov 07, 2007
-
U.S. Firms See Business Potential in Vietnam
November 7, 2007 -- A business representative joining the first-ever US trade mission to Vietnam from November 4-8 has said that Vietnam is ripe with opportunities for US businesses. "This is an excellent visit from a business standpoint, watching the access that our government officials have gained here, it is very impressive", Vice President for Strategic Development Bruce M. Quinn from the Rockwell Automation company said. Nov 07, 2007
-
Ground-Breaking Project in the Pipeline for Courus
November 6, 2007 -- Steel from Teesside is to be used to construct one of the deepest pipelines in the world. Hartlepool-based Corus Tubes has won the contract to manufacture and deliver almost 200 miles of pipe for the Perdido Norte project in the Gulf of Mexico. Pipes produced by the Tees Valley team will be laid in depths ranging from 3,500ft to 8,300ft. Nov 06, 2007
-
Semiconductor Makers are Finding Medical Uses for the Tiny Chips They Develop
November 6, 2007 -- When researchers at Europe's largest chipmaker, Geneva-based STMicroelectronics, developed a chip to help nuclear physicists probe atomic structures, they never dreamed that the same technology might be used for early detection of skin cancer. But it turns out that the chip's ability to spot a miniscule particle of light also enables it to distinguish between healthy and cancerous skin cells. Nov 06, 2007
-
Perwaja May Build RM400m Furnace
November 5, 2007 -- PERWAJA Steel Sdn Bhd may invest RM400 million in a blast furnace next to its existing direct reduction and steel-making plant in Terengganu to expand production capacity. "There's just not enough steel, prices are going up and up. Whatever we produce is all taken up quickly by our clients, both local and overseas," said Kinsteel group managing director Tan Sri Pheng Yin Huah. Nov 05, 2007
-
Mobile Channel to be Expanded
November 5, 2007 -- New industrial developments at the Port of Mobile, Ala., will result in the extension of the Mobile River ship channel and construction of a new turning basin, the Mobile Press-Register reported. The expansions are necessary for the port to handle the larger ships expected to call in the next decade as the ThyssenKrupp AG steel plant opens and the Panama Canal is widened. Nov 05, 2007
-
SurModics and OakRiver Technology Team on Advanced Coating Equipment
November 5, 2007 -- SurModics, a provider of surface modification and drug delivery technologies to the healthcare industry, announced an agreement with OakRiver Technology, Inc. to collaborate on the development, manufacture, distribution and ongoing support of advanced coating equipment for the medical device industry. Nov 05, 2007
-
Navistar Affiliate Enters JV with Mahindra & Mahindra to Manufacture Diesel Engines in India
November 2, 2007 -- A wholly owned affiliate of Navistar International Corporation, today signed a joint venture agreement with Mahindra & Mahindra Ltd. of India to produce diesel engines for medium and heavy commercial trucks and buses in India. The joint venture, to be named Mahindra International Engines Ltd., will be 51 percent owned by Mahindra & Mahindra and 49 percent owned by Warrenville, Ill.-based Navistar, North America’s largest combined commercial truck, school bus and mid-range diesel engine producer. The combined investment of the two companies will be $90 million over the next five years. Nov 02, 2007
-
Corr Malaysia Steel Works Boosts Production Capacity of Klang Mill
November 2, 2007 -- Malaysia Steel Works, the fifth largest steel group in the country, has boosted the production capacity of its Klang mill by 14 per cent to 400,000 tonnes a year after a RM90 million upgrade that involved the introduction of new technology. The company now expects to benefit from the strong steel demand growth in the next 12 to 24 months with the implementation of projects under the 9th Malaysia Plan and the increase of demand from ASEAN countries. Nov 02, 2007
-
Indian Wind Turbine Co Suzlon Plans Exports to 40 Countries
November 2, 2007 -- World's fifth largest wind turbine manufacturer Suzlon Energy seeks to export its products to 40 countries including South Africa, South Korea and parts of emerging Europe. The company currently sells its products in 14 countries including Germany, the US, China, South Korea, Italy, Belgium, Australia, Portugal, Canada and Greece. Nov 02, 2007
-
Wartsila and BMZ Sign a License Agreement
November 1, 2007 -- Wartsila and Bryansk Engineering Works, manufacturing subsidiary of Transmashholding, JSC of closed type, Russia, have jointly signed a license agreement for the manufacture of Wartsila low-speed marine diesel engines by BMZ. Wartsila and BMZ recognize this agreement as a basis for a long-term cooperation for manufacturing Wartsila low-speed engines. These large marine engines incorporate RTA engine technology and RT-flex electronically-controlled common-rail technology. BMZ will focus on manufacturing engines of up to 82 cm bore size, with power outputs from 8 to 30 MW which are in most demand by the marine market. The first Wartsila engine built by BMZ will be delivered in 2009. Nov 01, 2007
-
Greatbatch Buys Quan Emerteq
November 1, 2007 -- Greatbatch has signed a definitive asset purchase agreement to acquire Quan Emerteq for approximately $55 million in cash. The company said it expects to close this transaction in November. Nov 01, 2007
|
|
|
|
|
