Industrial Machine News Archives

Shareholders of scandal-hit German engineering group Siemens arrive for the company's annual general meeting in Munich, southern Germany, on January 24. via TurkishPress.com

In the latest restructuring in Japan's IC industry, Omron Corp. plans to absorb its separate chip subsidiary, Omron Semiconductors Co. via DesignLines

“We hope somewhere in the process of dedicating this new facility he will be able to participate, but that's unknown at this time”

The United States will open its new embassy in Germany on July 4th on the same site as its pre-World War II mission, following decades of Cold War division and years of delays to meet anti-terrorism standards, ... via WSVN-TV Miami Beach

Media General, Inc. today reported net income for the fourth quarter of 2007 of $9.6 million, or 43 cents per diluted share, compared with $31.6 million, or $1.33 per diluted share, in the fourth quarter of ... via The South Mississippi Sun Herald

“While we expect 2008 to be a challenging year, we believe the company will benefit in the upcoming year from our increasingly diversified end markets and geographies as well as our acquisition activity”

Illinois Tool Works, parent of Miller Electric Mfg. Co., posted $16.1 billion in revenues in 2007, a 17 percent gain from the previous year. via Appleton Post-Crescent

“A lot of our people didn't understand the system. They didn't know how to lobby the government”

The Goodyear blimp hovers off in the distance, keeping watch over the ritzy suburb of Scottsdale, the command center for this weekend's Super Bowl party scene.

But all those Kid Rocks and Paris Hiltons might want to take a break from their $1,000 bottles of champagne to consider the plight of the people living just on the other side of the 101 freeway.

This whole valley used to belong to them, but now their ancestors are cooped up on an Indian reservation, living in squalid homes surrounded by abandoned cars, discarded sofas and piles and piles of garbage. Read more

“We have become more efficient in our plants, but when the business is so dependent on oil, it's just not possible to completely offset those increases”

Bridgestone Corp.'s North American unit plans to increase prices by up to 8 percent beginning in March, reflecting increasing prices of raw materials and energy. via The Daily News Journal

OMRON Corporation's Board of Directors have today passed a resolution to revise the Company's year-end dividend forecast for the fiscal year ending March 31, 2008. via Customer Interaction Solutions

“To continue as special master in this case given this event raises a serious question of impropriety”

A lawyer appointed to evaluate evidence in a trade-secrets lawsuit has resigned, and the reasons he gave raise more questions about the behind-the-scenes role of former longtime District Attorney Ed Peters in a ... via The Clarion-Ledger

“Having shipped 500 Terex/IHI units is a great accomplishment to both teams”

Representatives from Terex's Cranes Division and IHI Construction Machinery Limited gathered to celebrate the production of the 500th crane delivered to Terex Cranes Dec. via Construction Equipment Guide

REDWOOD CITY, Calif.-- --YottaMark, Inc., a leader in unit-level brand security and marketing solutions, today announced that it has signed a worldwide distribution agreement with Brady Corporation to resell ... via Business Wire

“We, along with our publishers, offered significant discounts on books to bring Canadian prices more in line with those in the U.S.”

- Indigo Books & Music Inc. (TSX:IDG) posted a higher third-quarter profit, as a tax-related gain helped offset the impact of price discounts related to the high Canadian dollar.

Canada's largest book store chain reported late Tuesday its net profits rose to $49.2 million during the critical Christmas quarter ended Dec. 29. That compared with earnings of $41 million in the same quarter the previous year, and included a $7.6 million non-cash tax recovery.

On a per-share-basis, earnings came in at $1.94 for the quarter, compared with $1.62 per share a year earlier. Read more

AGCO Corporation is one of the world's largest manufacturers and distributors of agricultural equipment, through a global distribution network of more than 3200 independent dealer/distributor locations in over ... via Automotive

State and federal officials today announced they have reached an agreement designed to clean up and redevelop the former Ecusta mill property in Transylvania County. via HendersonvilleNews.com

Union members at Marcal Paper Mills in Elmwood Park have ratified a contract by a 376-131 vote. via Courier News

An Ohio tire maker sued in a fatal crash involving students from Utah State University is fighting an order to surrender documents related to its products. via WHIO-AM Dayton

JanSan manufacturer Tennant Co. is featured in today's Managing column by Ilan Brat in the Wall Street Journal . via Cleaning & Maintenance Management Online

Smurfit-Stone Container Corp., helped by improved industry pricing as well as a big one-time gain, reported a 76 percent increase in fourth-quarter earnings.

In the latest quarter, net income at the Chicago-based packaging concern was $44 million, or 16 cents a diluted share, up from the year-ago period's $22 million, or 9 cents a share.

Results were bolstered by a restructuring-related gain of $29 million, as well as a $2 million gain on the sale of certain assets.

Excluding special items in both quarters, Smurfit said, earnings were $23 million, or 9 cents a share in the latest quarter, up from the year-ago period's $14 million, or 6 cents a share. Read more

CHARLESTON -- American LaFrance -- a South Carolina-based company that makes fire engines and other safety equipment -- has filed for bankruptcy. via WLTX-TV Columbia

American LaFrance - a South Carolina-based company that makes fire engines and other safety equipment - has filed for bankruptcy. via Myrtle Beach Online

Mr. Jerald D. Bidlack, Graham's Chairman of the Board commented, "Jim's promotion to Chief Executive Officer reflects the dedication, hard work and strong results he has delivered since taking the helm of ... via PR-inside.com

The call and Web cast were previously scheduled for Monday, February 4, 2008, at 8:00 a.m. Pacific time . via PR-inside.com

“We look at it as an opportunity to promote and sponsor a property that is a very good property in itself”

To sell more tires, Cooper Tire & Rubber Co. has launched a new public relations strategy that's mostly bull. via Toledo Blade

“Our team is not satisfied and we are extremely excited about our growth prospects for 2008 and beyond.”

Esmark Inc. has named Joel Mazur president of its Wheeling Corrugating Co. division. Mazur will report to Thomas Modrowski, executive vice president of downstream operations. via Weirton Daily Times

Thomas R. Conlin - VP of Public Affairs Timothy H. Powers - Chairman of the Board, President and CEO David G. Nord - Sr. via Seeking Alpha

Richard Shaw - ' VP, Communications and Learning David Pugh - ' Chairman and CEO Mark Eisele - ' VP, CFO Ben Mondics - ' EVP, COO Analysts Matt Duncan - Stephens Holden Lewis - B&T Brent Rakers - Morgan Keegan ... via Seeking Alpha

CLEVELAND, Jan. 25 /PRNewswire-FirstCall/ -- The Board of Directors of Parker Hannifin Corporation today declared a regular quarterly cash dividend of 21 cents per share of common stock to shareholders of ... via Earth Times

Bridgestone Corporation has announced it will invest about three billion baht to expand its auto tyre output in Thailand to meet sales growth at home and abroad. via Bangkok Post

“Pat has been a visionary for our industry who has championed technology, while setting new standards for customer and dealer relations. I am personally grateful for all that he has done at Mercury, which faced significant challenges when he arrived”

According to a Brunswick Corporation press release: LAKE FOREST, Ill. - Brunswick Corporation today announced that Patrick C. Mackey, 61, will retire from the company March 1 after more than seven years of ... via Fond du Lac Reporter

“I can only chuckle and say, 'No comment.' ”

Via Thomson Dialog NewsEdge) Jan. 26--Although 2008 is swaddled still in toddler garb, the Army awarded another multimillion dollar contract this week to a Roanoke County-based high tech manufacturer of ... via Customer Interaction Solutions

A 40-year-old Nashua man faces charges he lured a 24-year-old woman into a vacant apartment and raped her when she refused his sexual advances. via Nashua Telegraph

“Thank you for what McKinney has done for me”

Gerry Russell, of Ebby Halliday Realtors, on left, presents the Carey Cox Citizen of the Year award to Brent Allen, the general manager of the Experimental Wal-Mart in McKinney during the McKinney Chamber of ... via Plano Star Courier

“We intend to do our utmost to restore consumer trust as soon as possible”

The Japan Paper Association said Friday that 17 of its 38 member companies, including industry leaders Oji Paper Co. via The Japan Times

The vice president and secretary of diversified industrial manufacturer Eaton Corp. via MSN Money

Asymtek, a Nordson company and a leader in dispensing and jetting technology, announces that it will present the poster Design for Automation of Lateral Flow Test Strips at the Lab Automation Conference in Palm ... via Customer Interaction Solutions

“While we're aware of the concerns many have with the economic outlook for 2008, we remain comfortable that actions we've taken should allow us to deliver our forecasted 2008 earnings per share”

W.W. Grainger Inc , a distributor of supplies to maintain and repair buildings, posted a stronger-than-expected quarterly profit on Friday due to market expansion, a bigger product line and demand in its ... via BNET

“We are pleased that we are making progress with Marcal's key constituencies”

Highland managed funds participating in a second lien facility, which comprise the majority lenders relating to the pending transaction, have agreed to convert a portion of their outstanding debt into an equity ... via PR-inside.com

A man has been charged with the murder of a businessman found stabbed in a lane seven months ago. via IcRefrewshire

With asphalt additives, sealants and duct-tape supreme, Chase Corporation is keeping the edgy infrastructure in the United States from cracking up. via Seeking Alpha

Siemens expects to start talks with US authorities to settle bribery allegations as early as next month, a clear sign the German industrial group wants to put the sprawling scandal behind it in 2008. via Financial Times

“We have communicated extensively with the trade unions, explaining the need for major changes. These changes would increase our competitiveness”

Goodyear Tire & Rubber Co. said its European Union business unit plans to reduce tire production at its two factories in Amiens, France, because their costs are not competitive. via Crain's Cleveland Business

Sony's popular Cyber-shot W-Series is gearing to expand its lineup with 5 new cameras in the range. via New Launches

Industrial conglomerate Siemens AG said Thursday it saw a huge rise in first-quarter net profit, bolstered significantly by a sale of assets and beating analysts' expectations. via PR-inside.com

“The T300 camera shows goes beyond face detection to other functions that help customers capture their best photos automatically.”

The Sony Cyber-shot T300 is a 10.1 megapixel slim point and shoot camera with a 5x optical zoom lens . via Livingroom.org.au

Shares of Bridgestone Corp., the world's largest tire maker by sales, fell to the lowest in almost four years Tuesday after the Japanese Nikkei newspaper said operating profit might drop 7 percent this year ... via Ohio.com

PorchLight Communications, a Colorado-based fiber optic network service provider, has selected products from Corning Cable Systems for its fiber-to-the-home installations. via Star-Gazette

“It's cathartic for me. It's a way for me to finally turn what was once something very negative about my life into something very positive”

WAUKESHA - Nikol Hasler doesn't recommend the "pull and pray" method of birth control. via WisInfo

Industrial conglomerate United Technologies Corp.'s fourth-quarter earnings rose 23 percent as sales rose across each of segments, with aerospace unit Sikorsky and Otis leading the way, the company said ... via The Age

Michelin Group announced today that Jim Micali, chairman and president of Greenville-based Michelin North America, has decided to retire effective August 15. via GreenvilleOnline.com

Packaging Corp. of America, a supplier of containerboard and corrugated packaging products, said Tuesday fourth-quarter net income rose 15 percent, helped by increased selling prices and higher volume. via Canadian Business Magazine

“VoidForm International's products are a natural complement to our existing Sonotube * product line offerings for the construction industry”

Sonoco , the market and technology leader in the manufacture of fiber based concrete forms, today announced it has signed a letter of intent to acquire the assets of VoidForm International Ltd., a privately ... via Jobwerx.com

Brunswick Corp. said Tuesday Executive Vice President and Mercury Marine Group President Patrick C. Mackey will retire in March. via Forbes

“Operating earnings per share, which exclude charges to integrate our recent acquisitions, are anticipated to be $1.60 to $1.70 for the first quarter of 2008, and $7.75 to $8.25 for the full year”

Eaton Corp. has reported higher fourth-quarter earnings and has increased its quarterly dividend by 16%. The diversified manufacturer said net income in the quarter was up 6%, to $256 million, or $1.71 per ... via Crain's Cleveland Business

“These executive appointments give them an overall corporate global strategy”

Westport-based Terex Corp. has revamped its executive team with the intention to grow the mining and heavy equipment-maker overseas.

The company named Steve Filipov, 39, who has been president of Terex Cranes, to the new position of president in charge of developing markets and strategic accounts.

Terex Cranes has increased business and profitability dramatically in the past three years, with much of the growth coming from developing international markets, Terex said in a news release. Read more

“This acquisition is expected to broaden our geographic ability to supply our U.S. and foreign customers and provide White Birch Paper with a strong platform to expand in the recycling business.”

Privately-held SP Newsprint Co. on Friday said that it has entered into an agreement with certain affiliates of Peter Brant, who is the controlling shareholder of White Birch Paper Company, to be acquired for ... via Paper Age

“AGCO is committed to using innovative designs and is making significant investments in its future to address the changing needs of professional farmers who require more innovative machinery to increase efficiency and productivity.”

AGCO's Challenger MT900 tractor series has earned the 2007 Good Design Award for its design and innovations. via Dairy Today

“My efforts to report my extreme agitation to such abuse fell on deaf ears.”

Citing declarations by experts who contend the Los Angeles Zoo has a history of abusing and neglecting its elephants, actor/animal activist Robert Culp wants a judge to order the immediate closure of the pachyderm exhibit and stop work on its expansion, court papers show.

In a lawsuit filed Aug. 2 against the city and zoo director John Lewis, Culp and real estate agent Aaron Leider maintain zoo authorities have withheld medical care, kept the animals confined in a small area and used bull hooks and electric shock to control them. Read more

Boeing Co. says it has awarded contracts worth more than $420 million to companies in Quebec, linked to the Canadian government's 2007 order for four C-17 Globemaster 3 aircraft. via CANOE

Four individuals and the Manitowoc Company received awards for their support of the Hmong community at the fifth annual Hmong Community Center Appreciation Banquet, which was held Saturday evening at the Best ... via Manitowoc Herald Times Reporter

Two unions fought for the loyalty of employees from MeadWestvaco's Covington paper mill on Sunday. via Hampton Roads Daily Press

“An excellent Max Performance Summer tire that almost does it all.”

Goodyear's New Eagle F1 Asymmetric Wins Independent Test - Auto News from January 17, 2008 AKRON, Ohio, Jan. via Automotive

John Van Mol - Founding Partner, President and CEO of Dye, Van Mol and Lawrence Norm Johnson - Chairman, President and Chief Executive Officer Bruce Klein - Vice President-Finance and Chief Financial Officer ... via Seeking Alpha

In the Democratic Party race for the 14th Congressional District-four candidates are vying for the opportunity to win Dennis Hastert's old seat. via Kane Co. Chronicle

“The Eaton Charitable Fund, a corporate foundation, was established in 1953 to support public charities”

The company has given $50,000 which will be divided among each of the three components: $30,000 to the new elementary school; $10,000 to renovations at the junior/senior high school; and $10,000 to the ... via Belmond Independent

“While volumes under this supply agreement will be small initially, we see strong growth potential with H2 Logic.”

- Ballard Power Systems (TSX:BLD) has signed a two-year agreement with a Danish company to supply fuel cells for products developed for the materials handling market, the company said Tuesday.

Financial terms of the deal with H2 Logic A/S were not released. Under the deal, H2 Logic will integrate Ballards' fuel cells into hybrid systems for various materials handling vehicles including forklifts.

"This is our first strategic relationship with a European system integrator actively engaged in this market," said Mike Rosenberg, Ballard's director of materials handling. Read more

“We are pleased to be a part of this technologically advanced aircraft program.”

The Parker Aerospace unit of Parker Hannifin Corp. has been awarded two large contracts by European aircraft maker Airbus that in total represents more than $2 billion in business for the aerospace supplier. via Crain's Cleveland Business

ITT Corporation will release its fourth quarter and full-year 2007 financial results at 7:00 a.m. EST, Wednesday, February 6, 2008. via Customer Interaction Solutions

If you're literally looking for new ways to watch videos, then cast your eyes over the Cinemizer specs - goggles that display pictures right before your very eyes. via Reg Hardware

“This combination with Terex is a perfect fit for ASV”

Terex Corporation has reached a definitive agreement to acquire ASV Inc. through a tender offer followed by a merger. via Construction Equipment Guide

Titan Tire Corp., a subsidiary of Titan International, Inc., will implement a price increase on Titan, Goodyear and General branded OTR , farm and construction tires, effective March 1, 2008. via Rubber World

“John's expertise has proven invaluable in driving process improvements and beneficial controls within our accounting environment over the past two years. We look forward to his expanded role on our financial leadership team.”

United Rentals has appointed John J. Fahey as vice president - controller. Fahey will continue to serve as the company's principal accounting officer. via Monitor Daily

Media General, Inc., a one-third partner of SP Newsprint Co., agreed to sell its stake in SP to White Birch Paper Co., for around $350 million. via Recycling Today