Manufacturing news
July 2005
British American Tobacco posts double-digit earnings
British American Tobacco PLC has posted a 37 percent increase in quarterly earnings driven by profit growth in key regions.
28 Jul 2005 18:22
DaimlerChrysler chief executive to step down
Jürgen E. Schrempp, chairman of the board of German automaker DaimlerChrysler, will leave the company after 44 years of service at the end of 2005.
28 Jul 2005 19:45
Thermalcast names new CFO
Thermalcast, which specializes in manufacturing advanced die-cast parts, announced today that John R. Tilly has been appointed chief financial officer.
27 Jul 2005 17:47
Teva Pharmaceutical to buy Ivax for $7.4 billion
Generic drug manufacturer Teva Pharmaceutical Industries and its rival, Ivax, jointly announced today that they have signed a definitive agreement providing for the acquisition of Ivax by Teva.
25 Jul 2005 16:05
Coca-Cola reports pop in profit
The Coca-Cola Co. reported a 9 percent jump in second-quarter profit on solid gains in revenue, beating Wall Street expectations.
21 Jul 2005 20:39
GM reports second quarter loss
General Motors Corp. lost $286 million in the second quarter of 2005, missing Wall Street forecasts by a large margin.
20 Jul 2005 17:44
Kodak to cut 10,000 more jobs
Eastman Kodak announced today that it plans to cut up to 10,000 more jobs than previously announced, as the company struggles through its transition from traditional film to digital photography.
20 Jul 2005 20:18
Hewlett-Packard to cut 14,500 jobs
Computer manufacturer Hewlett-Packard announced that it plans to cut 14,500 workers over the next year and a half, and expects these actions to save the company $1.9 billion annually.
19 Jul 2005 19:25
Polaris and KTM announce partnership
Polaris Industries will purchase a 24 percent interest in KTM and cooperate on product, technology, manufacturing, and distribution projects.
19 Jul 2005 17:24
BAE Systems to power-up Humvees
BAE Systems has been selected to begin development of an on-board vehicle power system for the Marine Corp’s Humvee.
18 Jul 2005 19:29
Guidant issues warning on pacemakers
Medical device manufacturer Guidant said today that it is voluntarily advising physicians that nine older models of pacemaker that it manufactured may need to be replaced.
18 Jul 2005 19:08
Campbell gets souped up
Campbell Soup Company has announced plans to build a new $80 million, 220,000-square-foot culinary campus in Everett, WA.
15 Jul 2005 20:22
EU regulators say yes to P&G-Gillette merger
European Union antitrust regulators gave the thumbs-up to the proposed $57 billion takeover of Gillette by Procter & Gamble, but only after P&G agreed to divest its battery toothbrush business.
15 Jul 2005 21:02
AE Group to invest $50 million in Georgia plant
German automotive and aerospace die-casting parts manufacturer AE Group will open its first US manufacturing plant in LaGrange, GA, which will include its North American headquarters.
14 Jul 2005 20:33
Force Protection signs Ricardo to $1.68 million contract
Force Protection, Inc., maker of the Buffalo and Cougar armored vehicles, has announced a services contract with Ricardo plc, an international automotive consultancy.
14 Jul 2005 20:27
Trade deficit decreases, as automotive imports increase by $1 billion
The US Census Bureau and the US Bureau of Economic Analysis announced today that total May exports of $106.9 billion and imports of $162.2 billion resulted in a goods and services deficit of $55.3 billion, which is down $1.6 billion less than the previous month.
13 Jul 2005 19:15
McKesson Corp. to buy D&K
McKesson Corp. has announced an agreement to buy D&K Healthcare Resources Inc. for $207 million in cash.
12 Jul 2005 17:40
P&G shareholders okay Gillette buy
Procter & Gamble Co. shareholders have overwhelmingly approved buying the Gillette Co.
12 Jul 2005 17:41
Brooks Automation acquires Helix Technology in $454 million deal
Brooks Automation, a provider of hardware and software automation solutions to the semiconductor industry, and Helix Technology, a solutions provider in the field of vacuum technology, today announced that they have signed an agreement under which Brooks will acquire Helix.
11 Jul 2005 21:06
Exide renews aftermarket contract
Georgia-based Exide Technologies has renewed a contract with the largest aftermarket automotive supplier in Australia and New Zealand.
08 Jul 2005 18:34
Graco recalls 1.1 million strollers
Children’s-stroller maker Graco Children's Products, a unit of Newell Rubbermaid, has agreed to recall more than 1.1 million strollers due to a risk of collapsing, said the US Consumer Product Safety Commission.
08 Jul 2005 21:22
Goodrich names new president
Goodrich Corporation announced today that it has appointed manufacturing veteran Mike Brand as the new president of its landing gear division.
07 Jul 2005 21:50
Neenah Paper selects Perot Systems
IT service provider Perot Systems today announced that paper manufacturer Neenah Paper selected the company to provide implementation of Oracle’s business applications for its headquarters and mill locations in the US and Canada.
07 Jul 2005 17:17
Mississippi State University partners with UK manufacturer
A new partnership announced today between Mississippi State University and UK-based AEA Technology will establish a research and development facility to produce portable power systems for space, defense, and homeland security missions.
06 Jul 2005 20:31
Pfizer terminates development of two drugs
Pharmaceutical maker Pfizer today announced that it was stopping development of two drugs in the company's development pipeline, including a potential therapy for AIDS, due to unsatisfactory results with the drugs.
01 Jul 2005 17:46
3M chief elected Boeing CEO
Aerospace giant Boeing announced that its board of directors has elected 3M Chairman and CEO W. James McNerney Jr. as its chairman of the board, president and chief executive officer.
01 Jul 2005 15:27
Canadian strike could harm manufacturers
A strike begun in late June by 1,000 Canadian truckers has shut down shipment of containers to and from manufacturers in British Columbia, many of whom carry little or no inventory, and are expecting to feel the impact shortly.
01 Jul 2005 15:28
Energy bill passes US Senate
The US Senate approved its massive energy bill on a 85-12 vote, and the manufacturer-friendly bill now heads back to the US House of Representatives for debate.
01 Jul 2005 15:29
MSU partners with UK manufacturer
A new partnership between Mississippi State University and UK-based AEA Technology will establish a research and development facility to produce portable power systems for space, defense, and homeland security missions.
01 Jul 2005 15:27