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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
- November 2007
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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