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U.S. manufacturing fares well in global productivity report
Reliable Plant Magazine Share    
Manufacturing labor
productivity decreased in 2008 in 12 of the 17 economies compared by the U.S. Department of Labor’s Bureau of Labor Statistics. The Republic of Korea and the United States had the largest productivity increases (1.2 percent each) among the five economies where productivity increased. Singapore had the steepest productivity decline (-6.6 percent). MORE
World steel output nearly back to pre crisis levels
Steel Guru Share
According to the World Steel Association, a surge in Chinese steel demand has pushed global output close to what it was before the global economic crisis. The association said that production in the 66 members, which includes many of the main metal producers in the world, has been growing
since April. More
Slumping dollar has a silver lining: factory exports
The Fort Worth Star Telegram Share
The dollar, which reached a 14-month low against the euro last week, is
bad news for travelers, oil prices and perhaps the overall economy. But it's a bonanza for U.S. companies that sell a lot of goods overseas. A cheaper dollar makes U.S. goods less expensive abroad. That means that big-name companies like Caterpillar, General Electric and IBM Corp. can undercut competitors in foreign markets and still make money. More
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Innovative Rack and Gear Company has added a Saikuni HR-2000 CNC rack milling machine to our gear rack manufacturing capabilities.
The HR-2000 is capable of hard-milling rack teeth after heat treatment with hardnesses up to 60 Rc, producing tooth finishes and accuracies comparable to rack grinding. MORE
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Rising Tata Motors takes over a Spanish bus maker
New Europe Share
India's Tata Motors,
making noises about becoming one of the world's biggest makers of cars and buses, has made a move into the European Union with the acquisition of the remaining 79 percent stake in Spanish bus maker Hispano Carrocera, one of Europe's main bus and coach manufacturers. Tata Motors, which is India's largest automobile company by sales, said it bought the additional stake by exercising an existing call option with the other shareholder, Spain's Investalia. More
Nucor sees weak steel demand continuing in fourth quarter
Reuters Share
U.S. steelmaker Nucor Corp. said on Thursday, demand from service centers improved somewhat along with output in the
third quarter, but it did not see increased end use demand, and operating rates could fall in the fourth quarter as plants shut for the holidays. As customers take advantage of shortened lead times on mill orders, fourth quarter volumes are more difficult to predict. More
The compelling case for business aviation
Aviation Week Share
The architect Frank Lloyd Wright once observed, "The truth is more important than the facts." He clearly would have
appreciated business aviation because truth is business aircraft are extremely valuable tools, but the economic facts behind them and their alternatives are often misunderstood, misstated or unknown. More
Ford said to make SUV in Kentucky to export to Europe
Bloomberg Share
Ford Motor Co. is moving production of a small sport-utility vehicle from Europe to the U.S. to take advantage of lower labor costs and the weaker dollar, according to three people familiar with the plan. Ford in October 2011 will shift the Kuga model to Louisville, Kentucky, from a factory in Saarlouis, Germany, said the sources, who asked not to be identified because the plan is private. More
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X-R-I Testing provides nondestructive testing services from full-service locations in Troy, Michigan and Cleveland, Ohio, including traditional and digital radiography, magnetic particle inspection, liquid penetrant inspection, ultrasonic inspection, ultrasonic immersion cleaning, vapor de-greasing, de-scaling, passivation, etching prior to penetrant
inspection, macro etch and temper (nital) inspection. NADCAP, ISO 9002 and AS9100 accredited. MORE
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Cleveland UAW unit ratifies Ford contract
The Detroit Free Press Share
Union members of UAW Local 1250 who work at an engine complex near Cleveland on Thursday approved changes to a labor
contract with Ford Motor Co. even thought the agreement would freeze entry-level wages until 2015. The contract also was ratified at UAW Local 900, which represents workers Ford's Wayne Assembly Plant, according to one official who asked not to be named. More
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