Manufacturing news
November 2005
Millennium Cell awarded Army contract
Millennium Cell Inc. has been awarded a Phase I Small Business Innovation Research Program ("SBIR") contract by the US Army Tank-automotive and Armaments Command ("TACOM").
30 Nov 2005 21:19
Raytheon SAS replaces president
Jon C. Jones, a 28-year veteran of military contractor Raytheon’s weapons-making divisions, has taken over as president of Raytheon Space and Airborne Systems, effective today.
30 Nov 2005 21:27
Nintendo foments Revolution as profits dive
Japanese videogame manufacturer Nintendo reported a fall in profits of 21 percent in the first half of 2005, to $308 million from $388 million one year earlier.
29 Nov 2005 19:59
Merck to cut jobs, close plants, get lean
Pharmaceutical manufacturer Merck announced today that it plans to cut 7,000 jobs and shut five manufacturing plants by 2008 as part of a lean-oriented reorganization plan.
28 Nov 2005 19:03
Chinese crackdown on counterfeit golf products
The US Golf Manufacturers Anti-Counterfeiting Working Group has announced that the Chinese government has launched a major new offensive against manufacturers and retailers of counterfeit golf equipment in China.
23 Nov 2005 17:51
Harley-Davidson recalls 13,400 cycles
Harley-Davidson Motor Company, the only major US-based motorcycle manufacturer, issued a voluntary safety recall on some 13,400 of its 2006 Dyna series motorcycles built between June and October of this year.
23 Nov 2005 16:18
GM’s goal: Turn! Turn! Turn!
General Motors’ announcement yesterday that it plans to close all or part of nine assembly plants and three service and parts operations by 2008 shows an attempt by the world’s largest automotive manufacturer to get a bad year under some semblance of control.
22 Nov 2005 17:40
GM announces more plant closings, job cuts
General Motors’ CEO, Rick Wagoner, announced today that GM will cut 30,000 manufacturing jobs and close nine plants in North America by 2008.
21 Nov 2005 15:26
Cisco Systems networks with Scientific-Atlanta
Cisco Systems continued its quest to make inroads in the booming video market, as it announced a definitive agreement for Cisco to acquire video equipment supplier Scientific-Atlanta for $6.9 billion.
18 Nov 2005 16:32
Consumer satisfaction spikes
According to an American Society for Quality (ASQ) quarterly report, consumers think beer quality is better than ever, and the quality of food, soft drinks, and shoes remains high.
18 Nov 2005 19:06
Belden CFO disconnects
Belden CDT, a leading manufacturer of electronic cable and connectivity products, today announced the resignation of Richard K. Reece, its vice president of finance and chief financial officer, effective November 30.
17 Nov 2005 21:54
MD Helicopters and Kaman Aerospace spin out deal
MD Helicopters announced today that the company has reached a multi-year agreement with Kaman Aerospace to provide critical components for its expanding helicopter production.
16 Nov 2005 21:08
US Senate approves $106 million for MEP
Today the US Senate approved H.R. 2862, through which the NIST Manufacturing Extension Partnership will receive $106 million in federal funding for fiscal year 2006.
16 Nov 2005 22:03
Collins & Aikman lowers boom on Lowell plant
Airplane and auto parts maker Collins & Aikman announced today that it will discontinue production at its yarn dyeing facility in Lowell, MA.
15 Nov 2005 21:38
Georgia-Pacific caught by Koch
Paper giant Georgia-Pacific and Koch Industries today announced they have reached an agreement for Koch Forest Products, a Koch subsidiary, to acquire Georgia-Pacific for $13.2 billion.
14 Nov 2005 21:11
DaimlerChrysler ditches Mitsubishi
German-American automaker DaimlerChrysler announced the sale of its 12.4 percent stake in Japanese auto manufacturer Mitsubishi Motors to investment banking firm Goldman Sachs for an undisclosed sum.
11 Nov 2005 20:04
Boeing flies into record books
Boeing established a new world record for distance traveled nonstop by a commercial airplane when a Boeing 777-200LR Worldliner landed at London Heathrow Airport today.
10 Nov 2005 20:45
Airbus flies with Kaiser Aluminum
Kaiser Aluminum today announced the signing of a new long-term agreement with Airbus to supply heavy-gauge aluminum plate for use in the production of its aircraft.
09 Nov 2005 20:19
US-China textile agreement sewn up
US Trade Representative Rob Portman and Chinese Minister of Commerce Bo Xilai announced that the United States and China had, after three months of intense negotiations, reached a broad agreement on textile trade.
09 Nov 2005 21:04
A.O. Smith motors away with Chinese manufacturer
US electric-motor manufacturer A.O. Smith Corporation reached an agreement to acquire Yueyang Zhongmin Special Electrical Machinery Co., Ltd., a Chinese motor maker.
08 Nov 2005 20:41
TimberSIL Wins Popular Science Magazine Grand Award
Timber Treatment Technologies’ new TimberSIL product took the Grand Award in the magazine's annual "Best of What's New" Home Tech category.
08 Nov 2005 21:18
Ford and Fiat turn ignition on collaboration
Italian automaker Fiat and US automaker Ford announced today they have signed an agreement to jointly develop and produce vehicles in the European small car market.
07 Nov 2005 20:23
Oracle CFO out
Oracle’s Chief Financial Officer Gregory Maffei has decided to leave the company, Oracle announced today.
03 Nov 2005 21:56
Manufacturing economy on the rise: ISM
Economic activity in the manufacturing sector grew in October for the 29th consecutive month, while the overall economy grew for the 48th consecutive month, said the nation’s supply executives in the latest Manufacturing ISM Report On Business.
02 Nov 2005 21:22
General Dynamics nets Abrams parts contract
The US Army has awarded General Dynamics Land Systems, a business unit of General Dynamics (NYSE: GD), a $13 million contract for spare parts for the M1A2 Abrams tank continuous electronics evolution program.
01 Nov 2005 21:33
O’Sullivan CEO takes leave following bankruptcy
Furniture manufacturer O’Sullivan Industries today said that President and Chief Executive Officer Robert S. Parker is taking a temporary medical leave of absence.
01 Nov 2005 21:49
