Manufacturing news
May 2005
Bombardier rides the German rails
Canadian transportation manufacturer Bombardier Transportation announced today that it received an additional order for 78 double-deck coaches and nine locomotives from Landesnahverkehrsgesellschaft Niedersachsen (LNVG) in Germany, valued at approximately $172 million.
31 May 2005 20:24
Subsidy row referred to World Trade Organization
An “entente discordiale” has developed between the United States and Europe over subsidies to their respective aircraft manufacturers Boeing and Airbus, after talks to resolve the dispute broke down at the end of last week.
31 May 2005 15:47
Some Viagra users report blindness to FDA
The US Food and Drug Administration announced that it has received some 38 reports of a rare condition, called non-arteritic anterior ischemic optic neuropathy, among users of Pfizer’s impotency drug Viagra. The condition can cause permanent blindness.
27 May 2005 18:41
Boeing gets lion’s share of Lion Air orders
Lion Air, Indonesia's first low-cost carrier, has selected Boeing’s Next-Generation 737 in an agreement that involves ordering up to 60 planes.
26 May 2005 21:27
Heinz serves up increased profits
Food industry giant H.J. Heinz Co. announces a 5.1 percent increase in fiscal fourth-quarter profit.
26 May 2005 19:17
Boeing 777 Freighter takes off
Boeing officially launched the Boeing 777 Freighter, the world's largest twin-engine freighter, following the completion of a launch order from Air France.
25 May 2005 21:04
Visteon falls back on Ford
Struggling Ford spin-off Visteon Corp. will transfer ownership of 24 facilities back to the former parent company.
25 May 2005 16:46
Katy Industries makes Chromalox CEO its own
Consumer product manufacturer Katy Industries today announced the retirement of C. Michael Jacobi as president and chief executive officer. Anthony T. Castor III was appointed president and CEO, effective June 1.
24 May 2005 18:02
Crown to enter China, leave Ireland
Leading lift-truck maker Crown Equipment has signed a memorandum of understanding with the government of China to build a manufacturing plant in the Suzhou New District, a high-tech industrial park located in the city of Suzhou, west of Shanghai, China.
23 May 2005 18:14
LSI Logic names former Intel exec as CEO
Semiconductor producer LSI Logic Corporation today announced that its board of directors has appointed former Intel VP Abhi Y. Talwalkar as the company’s new president and chief executive officer.
23 May 2005 22:00
Milestone announces milestone—of CFO resignation
Medical equipment manufacturer Milestone Scientific today announced that Kevin Lusardi has resigned his position as chief financial officer of the company and that he will be working as a consultant to the company.
20 May 2005 20:10
Gateway founder to step down
Ted Waitt is retiring after 20 years at the helm of the Irvine-CA based computer manufacturer he founded.
19 May 2005 16:49
Toyota and GM grab J.D. Power reliability awards
Japanese automaker Toyota and US automaker General Motors, the two largest automobile manufacturers in the world, captured 15 of the 18 top car reliability awards in the J.D. Power and Associates 2005 Initial Quality Study.
19 May 2005 20:05
US imposes Chinese-made textile import restrictions
The United States government imposed a limit on the growth of Chinese-made imports to 7.5 percent a year on men's and boy's cotton and man-made fiber shirts, man-made fiber trousers, man-made fiber knit shirts and blouses, and combed cotton yarn—following similar restrictions imposed on imports of Chinese-made cotton trousers, cotton knit shirts and underwear imposed last Friday.
19 May 2005 18:33
Boeing 787 to fly with B/E air
Boeing has selected B/E Aerospace, Inc. to provide the passenger oxygen system for its 787 Dreamliner.
18 May 2005 16:42
Visteon drives in new president and COO
Donald J. Stebbins was named president and chief operating officer of automotive supplier Visteon, effective May 23.
18 May 2005 20:59
Patrick Industries director replaced
The board of directors of diversified component manufacturer Patrick Industries has announced that its former president and CEO, David D. Lung, has resigned as a member of the company’s board.
17 May 2005 21:35
Albany International’s new CEO
Albany International, the world's largest producer of paper machine clothing and high performance doors, announced today that Joseph G. Morone, a director of the company, has been named president, effective in September. He will become chief executive officer in January 2006.
16 May 2005 21:45
DRS Technologies to power US Navy
DRS Technologies has been awarded a total of $25 million in contracts to design and produce power control equipment for US Navy combat surface ships and submarines.
16 May 2005 16:10
Delphi reports first-quarter loss
Tier One auto parts maker Delphi Corp. announced a $409 million loss, or 74 cents per share, for the first-quarter this year.
13 May 2005 16:20
3M to acquire CUNO
Both companies have announced today an all cash merger valued at approximately $1.35 billion.
12 May 2005 17:22
A new development at Kodak
Eastman Kodak’s board of directors announced today that it has elected current President and Chief Operating Officer Antonio M. Perez to the post of Chief Executive Officer, succeeding Daniel A. Carp, who plans to retire after 35 years with the company.
11 May 2005 15:50
March US exports up 1.5 percent
Reversing a disturbing trend, US exports rose 1.5 percent, or $102.2 billion, in March bringing the trade deficit to its lowest level in six months.
11 May 2005 17:16
Toyota trounces GM and Ford
The world’s second-largest automaker, Toyota, announced record sales and profits—a very different tale than those recently told US automakers General Motors and Ford.
10 May 2005 19:23
Alcoa invests in Russian wheels
Alcoa announces a $37 million investment in its newly acquired Belaya Kalitva wheel fabricating facility.
09 May 2005 17:08
GE announces “ecomagination”
General Electric Co., the world's largest company by market value, is to double its investment in research into environmentally-friendly technologies.
09 May 2005 18:22
US Department of Defense won’t stomach Nexium prices
UK pharmaceutical manufacturer AstraZeneca is feeling a bit sick to its stomach as the US Department of Defense announced plans to stop using the company’s popular heartburn and ulcer drug Nexium starting this summer, due to its high cost.
09 May 2005 16:56
Manufacturing employment steady, but economy may be on upswing
Employment in manufacturing was little changed in April at 14.3 million. Long-term employment declines continued in furniture and in textile mills, according to a report released today by the US Department of Labor.
06 May 2005 15:40
Merck CEO replaced
Pharmaceutical maker Merck today announced that Richard T. Clark has been named the company's chief executive officer, president and a member of the Merck board, replacing the embattled Raymond V. Gilmartin as head of the company.
05 May 2005 17:40
Boeing breathes in new air-filtration technology for Dreamliners
Boeing’s 787 Dreamliner will be a breath of fresh air, due to a new air-filtration system being provided by filtration system maker Donaldson Company under a new deal announced with the aerospace giant.
04 May 2005 14:49
Pennsylvania powers production with PIDA
On behalf of Pennsylvania Governor Edward G. Rendell, Community and Economic Development Secretary Dennis Yablonsky today announced the approval of more than $6.74 million in Pennsylvania Industrial Development Authority (PIDA) loans to create and retain 582 jobs in nine counties, specifically aiming to help local manufacturers.
04 May 2005 20:38
Boeing, Lockheed rocket toward collaboration
Aerospace manufacturing giants Boeing and Lockheed Martin have entered into an agreement to create a joint venture to combine production, engineering, test and launch operations for US government launches of Boeing Delta and Lockheed Martin Atlas rockets.
03 May 2005 17:07
DRS Technologies receives new Navy orders
The US Navy has placed $50 million worth of orders for new display workstations from DRS Technologies, Inc.
03 May 2005 18:50
get real
Claus Heinrich, executive board member of SAP, tells Martin Ashcroft how real world awareness, enabled by technology, is set to transform business the same way it has done for aviation
03 May 2005 22:04
John Bull and Uncle Sam
The Manufacturer magazine’s editorial director Ken Hurst calls in some expert opinion to analyse what manufacturers are saying about their lean progress on either side of the pond
03 May 2005 22:19
GlaxoSmithKline grabs US manufacturer for $300 million
UK pharmaceutical maker GlaxoSmithKline has reached an agreement to acquire Corixa, a US manufacturer of vaccine additives, in a $300 million cash deal.
02 May 2005 14:23
Sixteen consecutive years of growth: ISM report
Manufacturing's economic growth keeps on coming, though slowly, while hitting a 16-year milestone, according to a new report from the Institute for Supply Management released today.
02 May 2005 20:58
Terra mothballs ammonia plant
Terra Industries, a leading producer of nitrogen products including fertilizer, announced that it has mothballed its Donaldsonville, LA, ammonia plant indefinitely.
02 May 2005 16:27
Airbus A380 flies into history
The first flight of the giant Airbus A380 ended at an airport in Toulouse, France, after successfully completing a flight that lasted three hours and 54 minutes last month.
01 May 2005 21:46
Ghosn new Renault CEO
Renault’s board of directors appointed Carlos Ghosn as president and CEO of Renault. He will also continue as president and CEO of Nissan, of which Renault owns 44 percent.
01 May 2005 21:46
GlaxoSmithKline’s new drug deal
UK pharmaceutical maker GlaxoSmithKline has reached an agreement to acquire Corixa, a US manufacturer of vaccine additives, in a $300 million cash deal.
01 May 2005 21:47
GM recalls two million vehicles
The world’s largest automaker, General Motors, announced that it would recall more than two million of its vehicles to fix various equipment defects, including faulty seat belts. It’s only one of a series of setbacks that have lately hit the automaking giant.
01 May 2005 21:47