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Manufacturing News

Germany's GEA sells heat exchangers business

D - German mechanical engineering group GEA said on Wednesday it had agreed to sell its heat exchangers business to private equity group Triton in a deal valued at 1.3 billion euros ($1.8 billion).
In the Media by AFP

Philip Morris to close Dutch factory, lose 1,200 jobs

The Hague - Tobacco giant Philip Morris said on Friday it wants to close its factory in the Netherlands later this year at the cost of 1,230 jobs, blaming a "severe decline" in sales.
In the Media by AFP

Philip Morris shuts Australian plant, blames regulation

Sydney - Tobacco giant Philip Morris on Wednesday announced the closure of its only Australian manufacturing plant with the loss of 180 jobs, blaming regulations for limiting its export opportunities.
In the Media by AFP

Caterpillar used Swiss havens to avoid US tax: Senate

Washington - US Senate investigators have accused heavy equipment giant Caterpillar of hiding $8 billion in profits offshore in Switzerland to avoid US taxes.
In the Media by AFP

U.S. manufacturing activity picks up in March

Washington - U.S. manufacturing activity gained pace in March helped by a pickup in new orders and a rebound in production, the Institute for Supply Management said Monday. The ISM's purchasing managers index rose to 53.7 from 53.2 the previous month.
In the Media by AFP

Eurozone business activity rallies: PMI index

Brussels - The recovery of the eurozone's manufacturing sector is holding up, with activity showing the ninth month of growth in a row, and the gap among major economies narrowing, a survey showed on Tuesday.
In the Media by AFP

China manufacturing up in March but weakness remains

Shanghai - China's manufacturing activity improved slightly in March from the previous month, the government said Tuesday, but analysts said the world's second biggest economy remained weak.The official purchasing managers index (PMI) was 50.
In the Media by Bill Savadove (AFP)

China manufacturing index hits eight-month low: HSBC

Beijing - Chinese manufacturing activity contracted in March to its weakest rate in eight months, data showed Monday, the latest indication that the world's number two economy is slowing down.HSBC's preliminary purchasing managers' index (PMI), which tracks manu...
In the Media by AFP

Hitachi switches global rail business to London

London - Japanese electronics giant Hitachi will move its global rail business to London, as it seeks expansion in Britain and elsewhere in Europe, it said Thursday.The group appointed London-based Alistair Dormer, the former head of Hitachi Rail Europe, as the...
In the Media by AFP

ThyssenKrupp shelves plans to sell railway, construction ops

Frankfurt - German heavy industry giant ThyssenKrupp said on Tuesday it is abandoning plans to sell its rail and construction activities after failing to secure sufficient offers.
In the Media by AFP
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Toronto Ontario  Canada - June 5  2012. Greg Taylor  left and Cam Heaps  two of the three co-founder...
Toronto Ontario, Canada - June 5, 2012. Greg Taylor, left and Cam Heaps, two of the three co-founders sit across from each other in the companies open concept office amonst their employees. The third co-founder Greg Cromwell lives in Australia. Located in a former Canadian Pacific Rail steam locomotive roundhouse, Steam Whistle brewery produces an average of 120,000 bottles of their Pilsner beer every day. During June and July their production will double to keep pace with demand. The company is

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The Morality of Child Labor

From the comfort of their plush offices and five to six figure salaries, self-appointed NGO's often denounce child...
Mar 24, 2011 by Sam Vaknin - 1 comment


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