Industrial Machine News Archives

“There were some buying on dips after tankan, which showed the subprime problems did not have much negative impact.”

Japan's Nikkei rose 0.5 percent on Monday as investors bought Fanuc Ltd and other large-cap shares after the Bank of Japan's tankan survey showed manufacturers remained optimistic despite turmoil in global ... via WNED.org

PRESS RELEASE Mother See of Holy Etchmiadzin, Information Services Address:  Vagharshapat, Republic of Armenia Contact:  Rev. via Groong Armenian News Network

Price Target $35 on Goodyear Tire Posted Tue Sep 25, 09:55 am ET Zacks senior auto industry analyst Paul Raman, CFA is reiterating his Buy recommendation on shares of Goodyear Tire & Rubber . via Zacks Analyst Blog

“Our agreement with MeadWestvaco enables Klabin to enhance the marketing and sales of our new capacity, with the added benefit of utilizing MeadWestvaco's well-established supply chain”

Sept. 28, 2007--MeadWestvaco Corporation and Klabin, Brazil's largest paperboard producer and exporter, today announced the creation of a sales and marketing agreement in which MeadWestvaco will sell a share of ... via ANA - Athens News Agency

Medisys Health Group Income Fund said Tuesday that preliminary discussions with CML Healthcare Income Fund on a possible merger have ended. via Penticton Herald

“We wanted the most reliable printers we could find. When you consider our labeling requirements, the list of potential vendors was quite limited.”

OC3 and LP3 Mobile Printers Provide Shopko With Major Cost and Maintenance Savings, Greater User Flexibility, Higher Quality Labels and Superior Service and Support Shopko, a $2.2 billion retailer with 135 ... via IT Reseller

“As one of the largest recyclers in the packaging industry, Sonoco (NYSE: SON) has extensive materials recovery experience, and we are constantly developing new, cost-effective sustainable packaging solutions and services for our customers”

Sonoco renames and expands recovering division capabilities to include not only paper packaging materials but also plastic, metal, glass and other recyclable materials. via Jobwerx.com

CATHOLICOS OF ALL ARMENIANS AND ARCHBISHOP OF CANTERBURY SIGN JOINT COMMUNIQUE ArmRadio - Public Radio, Armenia Sept 26 2007 His Grace Dr. via Groong Armenian News Network

“We welcome our newest directors and are looking forward to their counsel”

FuelCell Energy, Inc. , a leading manufacturer of ultra-clean power plants using renewable fuels for commercial, industrial, utility and government customers, today announced the appointment of two new ... via Fuelcellworks

CE Franklin Ltd. - Conference call announcement > CALGARY, Sept. 25 /CNW/ - CE Franklin Ltd. via Canada NewsWire

“This alliance with Gore -- one of the industry's most respected providers of high performance cabling -- is to deliver "Active Cabling”

Quellan Incorporated, a leader in Analog Signal Processing and RF Noise Cancellation low power ICs, today announced a Strategic Alliance with W. L. Gore & Associates , a global leader in electronic signal ... via KVOA-TV Tucson

General Cable Corporation announced today that it has commenced a private offering, subject to market conditions, of $400 million in aggregate principal amount of senior convertible notes due 2012 . via Customer Interaction Solutions

“Recycling is a business that Sonoco has always done well”

Division Repositioned to Combine Recycling Capabilities with Environmental Sustainability Services HARTSVILLE, S.C., September 25 /CNW/ - Sonoco , one of the largest diversified global packaging companies, has ... via Canada NewsWire

South Carolina will get a new state forester next year. The Forestry Commission has chosen Henry Kodama of Summerville to take over from retiring State Forester Bob Schowalter on January 1. Kodama is a Clemson ... via WACH-TV Columbia

“Husky's management team is excited about partnering with Onex to execute our strategic plan and continue to grow the business”

TORONTO - Husky Injection Molding Systems Ltd. has agreed to be taken over by Onex Corp. via CBC News

An internal probe at Siemens AG has increased the amount of suspicious transactions to about 1.6 billion , according to people familiar with the matter. via The Wall Street Journal

Sep 28, 2007 10:07 Nikkei Electronics Asia Sony Corp and Toyota Industries Corp have announced an agreement to integrate management of their ST Liquid Crystal Display Corp and ST Mobile Display Corp joint ... via AsiaBizTech

W.L. Gore & Associates and Jafco were joined by return backers Menlo Ventures, Yamacraw Capital Seed Fund, Cordova Ventures, Samsung Ventures America, and VentureTech Alliance. via PE Hub

CAE Inc. has won contracts to design and make three Boeing full-flight simulators and Simfinity training devices valued at about $50 million. via Sympatico Finance

“We are unsure at this point how many employees will be impacted as we are making efforts to redeploy them into other positions on site or at other Dow locations once the supply agreement ends in six to 18 months after close of the deal”

ELMWOOD PARK, N.J. _ Packaging products maker Sealed Air Corp., which makes Bubble Wrap, is buying The Dow Chemical Co.'s Ethafoam foam packaging line. via Newsday.com

Unifi Inc. announced Wednesday that its board of directors has elected William L. Jasper as the company's president and CEO. via News & Record

BUYINS.NET / www.squeezetrigger.com is monitoring Simpson Manufacturing in real time and just received an alert that is crossing above its primary SqueezeTrigger Price, the price that a short squeeze can start ... via M2.com

Sony Corp. and Toyota Industries Corp. said Wednesday they will merge their liquid crystal display-manufacturing joint ventures into a single entity on Dec. via Kyodo News

A prior authorization to repurchase 10 million shares dated June 13, 2005, has 1,370,800 shares remaining on it, making the total authorized to be 11,370,800 shares, or about 14% of the outstanding common ... via Platts

“We're going to be covering the NASCAR race coming up this weekend, and because of the winds, we couldn't make it all the way to our destination--so we had to kind of stop short here in Quincy”

Bad weather caused the Goodyear Blimp to make an unplanned stop in Illinois on Monday. via First Coast News

ITT Corporation and Nortel Government Solutions, a company based in the US wholly owned by Nortel , have announced that they have entered into a teaming agreement to jointly pursue mobile WiMAX solutions. via M2.com

“Many applications for biochips have yet to be developed”

Toshiba Corp, Canon Inc and 30 to 40 other Japanese firms will team up to develop biochips, seeking new revenues in a market currently dominated by U.S. firms. via PC Magazine

ROCHESTER HILLS, Mich. -- -- FANUC Robotics America, Inc., has introduced its new LR Mate 200iC/5H robot designed especially for small part assembly applications typically handled by SCARA-type robots. via Customer Interaction Solutions

“The question isn't if, it's where.”

South Carolina House Speaker Bobby Harrell said Tuesday he doesn't think the state government is doing enough to help industries, particularly big manufacturers along the Interstate 85 corridor such as BMW ... via GreenvilleOnline.com

“We continue to have the largest reach to markets through our national distribution network.”

Worthington Industries Inc. said Tuesday a consolidation plan for a subsidiary will result in the loss of about 165 jobs. via Business First-Columbus

“In the event that conditions in credit markets continue to improve, I think that suggests economic growth should resume its expansion and boost earnings.”

Stocks were little changed on Tuesday as a report on housing slightly exceeded Wall Street expectations and oil prices dropped, offsetting worries about consumer spending sparked by warnings from retailers. via WNED.org

“This family will leverage the latest materials, aerodynamic and design technologies from across Pratt & Whitney to raise the bar on performance and economics”

Pratt & Whitney Canada Engines Cross 300 Million Hour Milestone in Business and General Aviation Market Pratt & Whitney Canada Engines Cross 300 Million Hour Milestone in Business and General Aviation Market ... via Rotor.com

“I'm very confident they will find ways to bring back jobs. I'm not too worried about it”

Parker Hannifan Corp. is eliminating 100 jobs at its New Haven plant due to the slow residential housing market and lower customer demand. via Fort Wayne News-Sentinel

NewPage Corporation and Stora Enso Oyj announced the signing of a definitive agreement by which the NewPage parent company, NewPage Holding Corporation, will acquire Stora Enso's paper manufacturing operations ... via InfoTrends

“The economic conditions haven't improved, they have even deteriorated”

- Domtar CEO Raymond Royer said Monday the Montreal-headquartered paper company (TSX:UFS) would be facing a very difficult financial future in an era of dollar parity if it hadn't merged with the fine-paper assets of U.S.-based Weyerhaeuser.

The merger, completed six months ago, altered the face of the company from one with mills only in Quebec and Ontario to one better positioned to sustain wild currency fluctuations.

Eighty per cent of Domtar's assets are now located south of the border. Read more

Delphax Technologies Inc. announced that it will demonstrate an in-line perfect bound book production system featuring its CR2200 at MBO Open House Innovation Days Nov. via InfoTrends

Brady Corporation has launched a new thermal-transfer industrial printer that utilizes smart cell technology. via Quick Printing

“By expanding our business aviation training footprint to address more aircraft around the globe, we are offering more choices to our customers and bringing our training services closer to more corporate operators than ever before”

CAE Inc. announced Monday the sale of two flight simulators valued at C$25 million and said it's expanding its business-jet training network to include products from the six biggest manufacturers. via Canadian Business Magazine

A four-day industry Solar Power Conference begins Monday, and the event will highlight ongoing federal efforts to boost usage of renewable energy sources. via BusinessWeek

“This is also important in order to help us compete with illegally dumped and subsidized foreign imports.”

NewPage Corporation and Stora Enso Oyj signed a definitive agreement by which the NewPage parent company, NewPage Holding Corporation, will acquire Stora Enso's paper manufacturing operations in North America. via Quick Printing

“We are truly honored that EPA is recognizing Carrier's environmental leadership with such a prestigious award”

The U.S. Environmental Protection Agency will honor Carrier Corp. today with its coveted Best-of-the-Best Stratospheric Ozone Protection award in recognition of the company's achievements in helping restore the ... via Earth Times

The entire commodity arena has been hot recently, with a handful of commodities breaking out to new all-time highs. via Investopedia

“Products that require quick response time and delivery time, there's a market for that. "If you want to have volume and low-end products, that is something you can source elsewhere”

The same workers will return to the same Fall River mill, bent over the same machines that have churned out fabric and yarn for decades. via Providence Journal

More infant deaths, this time not from Sudden Infant Death Syndrome , but rather, badly-designed crib s. According to today's reports: "About 1 million Simplicity and Graco Inc cribs are being recalled after ... via Blogging Stocks

NewPage Corporation was launched in 2005 as a private, stand-alone company. This change was the result of the sale of the Papers Group of MeadWestvaco to Cerberus Capital Management, a private New York-based ... via Wisconsin Rapids Daily Tribune

Thornwood, N.Y. The Zeiss Distagon T* 2/28 is a new, high-speed, wide-angle lens, complementing the line of advanced SLR lenses from Carl Zeiss for analog and digital 35 mm single lens reflex cameras. via Cameratown.com Digital Imaging News

“This sponge plant investment, as well as our previously announced expansions worldwide, reflect our belief that the long-term demand for aerospace grade titanium remains strong and requires ongoing investment to capitalize on these opportunities.”

RTI International Metals is staking its future on booming aerospace markets, and investing capital in primary titanium capacity. via Metalproducing & Processing

“Over the next few months, we will be working with engineers, architects, as well as instructional staff, to create a master plan for the site”

The 700-student Atlantis Charter School on Friday purchased the 66 1 2-acre former Quaker Fabric land by Bleachery Ponds, completing several months of negotiations and a longtime goal. via The Herald News

“She (Ambassador Schwab) understood the issue and engaged in the discussion that gave me some confidence that she will be following up where appropriate and where she can”

Goss International Corp. President and CEO Robert Brown said yesterday he has reason to be hopeful after meeting this week with U.S. Trade Representative Susan C. Schwab and Sens. via UnionLeader

“We are looking forward to his expanded role and level of involvement. His background is ideal to support and drive our growth objectives at both Universal and the CBA Group.”

Universal Instruments Corp. said it will have a new chief executive and president come October who will carry out the company's current goals of enhancing product quality and seeking growth opportunities in new ... via Press & Sun-Bulletin

“JLG is committed to serving our soldiers in the field and we look forward to our expanded support of the United States Army in Iraq and Afghanistan”

JLG Industries has been awarded an estimated $78 million contract for the refurbishment of equipment in Iraq and Afghanistan. via Construction Equipment Guide

“So long as I have any control over this company, it is not going to be sold”

Let high-tech tycoons grab the glamor. Barclay Simpson makes widgets. "We were described in Forbes magazine as a very promising, but dull company," the affable Simpson told 11 new employees gathered at Simpson ... via East Bay Business Times

Joy Global Inc. , a worldwide leader in high-productivity mining solutions, announced today that as part of the Analyst Day investor presentations in New York City, management has reaffirmed guidance for Fiscal ... via PrimeNewswire

NEW YORK, Sept. 17 /PRNewswire-FirstCall/ -- Dover Corporation today announced that, effective for Dover's third quarter 2007 financial results, it has realigned its operating companies into four business ... via Material Handling Product News

“Optical Cable Corporation is a long-time supplier of military ground tactical fiber optic cable to the U.S. Department of Defense and certain allied militaries”

Optical Cable Corporation recently announced that its ground tactical fiber optic cable has been fully qualified by the United Kingdom Ministry of Defence - a significant milestone in Optical Cable ... via Fiber Optics Online

“NMHG is a cost-conscious operation in continual pursuit of technology-based best practices”

I.D. Systems, Inc. , a leading provider of wireless asset tracking and management solutions, and NACCO Materials Handling Group, Inc. via PrimeNewswire

A bankruptcy judge has approved the sale of upholstered-fabric maker Quaker Fabric Corp. via Boston.com

“We believe when people are more engaged in health care purchasing, they will make better decisions for themselves”

Deere and Co. changed its health-care benefit programs for some of its retirees, the company said in a press release Wednesday. via Waterloo Courier

Los Angeles Business from bizjournals - 9:08 AM PDT Thursday, September 20, 2007 The Orange County/Long Beach chapter of the California Society of CPAs named Ceradyne Inc. via Bizjournals

“He was a really cheeky bloke. "He used to look after us, even though we were older than him. "He was the man of the house when he was here.”

THE grieving family of a promising teenage soldier have said he was living his dream in the Army. via The Northern Echo

“This is a decisive step toward resolving the current problems at Siemens and reorienting the company”

Troubled German engineering giant Siemens said Monday it had created a board level position to fight corruption, one of three nominations aimed at restoring the group's tarnished reputation. via XtraMSN Real Estate

“We believed that the inventory corrections by our customers would have been completed by now, which would have had a positive impact on shipments during our fourth quarter”

Shares of Insteel Industries Inc. are weaker following news before the opening that the manufacturer of steel wire reinforcing products expects to see a decline in fourth-quarter shipments. via All Stories

“Cerberus was very classy about the whole thing ... (but) it was just too early.”

Tower Automotive LLC's former chief said Wednesday she's taking a few months to decide her next move, and she's not working for the company's new owner. via Detroit News

“We selected Distributed Energy Systems as our supplier for this key military equipment as a result of their advanced technical capability in electrolysis, their manufacturing expertise and the proven reliability of their equipment”

As a first step in this relationship, the parties have entered into a contract for cooperative development of a cell stack suitable for the next generation U.S. and British Navy submarines. via TurboMachinery International