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US trade gap swells on record imports Agence France-Presse via IndustryWeek Share    
The U.S. trade deficit rose sharply in March as imports hit an all-time high, suggesting solid demand in the steadily growing but modest economic recovery, official data showed. The Commerce Department reported the U.S. trade gap widened to $51.8 billion in March, led by a 5 percent surge in imports. The March trade shortfall was slightly bigger than analysts' average estimate of $50.2 billion. More
AGMA Training: Gearbox System Design AGMA Share
June 19-21, 2012 — Clearwater Beach, Fla. Many gearbox systems are designed around the gears and bearings, but there many other crucial factors involved in completing great design. Join Instructor Raymond Drago as he takes students on the exploration of the rest of the gearbox system including seals, lubrication, lubricants, housing, breathers, and other details. The treatment starts with basics, such as some history of design, the environment in which the gearbox must "live" and the loading to which the system will be subjected. Loading includes starting/stopping, continuous, reversing, cyclic and possible errant loads conditions. Complete information on this course is available here. Sauer Energy completes asset purchase of Helix Wind Marketwire via Stockhouse Share
Sauer Energy, Inc., a developer of the WindCharger vertical-axis wind turbine, has announced that it purchased 100 percent of the assets of Helix Wind Corporation, manufacturer of small vertical axis wind turbine systems. This acquisition has transferred the complete Helix assets and Helix is now a Division of Sauer Energy. Sauer Energy plans to keep the brand name and website of Helix Wind due to its prominent global exposure and recognition. More
The mining industry's future belongs to robots Mining.com Share
Automated operations are winning over today's mining industry. Whether it is autonomous trucks, tele operated drills and blasts or automated logistics applications, mines are increasingly introducing these kinds of equipment and solutions. The installation and the maintenance of those technologies, says University of British Columbia mining professor John Meech, doesn't imply that robots will replace people. More Yamaha to build new factory in India Manufacturing.net Share
Motorcycle manufacturer Yamaha Motor Co. said it will build a new factory in southern India in response to the expanding local market. The factory will be located on the outskirts of the city of Chennai, Tamil Nadu state, with operations scheduled to commence in 2014 and annual production targeted at 1.8 million units by 2018. More
US jobless claims fall for 2nd week Agence France-Presse via IndustryWeek Share
New claims for U.S. unemployment benefits fell for the second week in a row, but not as much as expected, as the troubled labor market slowly recovers, official data showed. New jobless claims totaled 367,000 in the week ending May 5, down from an upwardly revised 368,000 the previous week, the Labor Department said. More General Motors eyeing sale of French plant Agence France-Presse via IndustryWeek Share
General Motors Co. said it has begun a detailed evaluation of its factory in the eastern French city of Strasbourg with an eye toward its possible sale. "GM is committed to exploring internal and external options to identify potential viable alternatives and solutions to secure the future of the complex," the automaker said in a statement. More China's output growth at near 3-year low Agence France-Presse via IndustryWeek Share
China said that output growth hit a three-year low in April, adding to pressure on Beijing to ease monetary policy after weak trade data the previous day fueled fears over the giant economy. Official data showed that industrial output in the workshop of the world rose 9.3 percent last month, the slowest pace since May 2009 and below the 12.2 percent forecast in a poll of economists by Dow Jones Newswires. More
Legendary car designer Shelby dies at 89 The Associated Press via Manufacturing.net Share
Decades after a heart condition forced him to retire from racing, Carroll Shelby still loved to drive muscle cars. Well into his 80s, the legendary car designer spent hours testing his last Mustang Shelby GT500, which sets a new record for horsepower and hits a top speed of more than 200 miles per hour. More Nissan posts record fiscal year sales, $4.28 billion net profit Agence France-Presse via IndustryWeek Share
Nissan Motor Co. has reported a $4.28 billion full-year net profit and record sales as the Japanese automaker shrugged off the devastating impact of last year's natural disasters on production. Japan's second-biggest automaker said it earned 341.43 billion yen in the fiscal year to March, up 7 percent year-on-year, surpassing its forecast of 290 billion yen and bucking a national trend of falling auto profits. More
Bombardier unveils Learjet 70 and 75 Aviation Week Share
The long wait for Bombardier to move on a replacement for the Learjet 40XR and 45XR is over. The aircraft maker is launching the Learjet 70 and 75, both slated to enter service in second half 2013. The new models will feature more thrust, improved takeoff performance, faster climb to cruise altitude, better fuel efficiency and lower operating costs. More Expansion planned at Indiana parts factory The Associated Press via Manufacturing.net Share
An auto parts manufacturer plans a $19 million project to expand its southern Indiana operations and possibly add more than 300 jobs in the next three years. Whitesell Group announced its plans for its Jeffersonville factory during an event Friday attended by Gov. Mitch Daniels and other officials. The company bought the factory from MKM Machine Tool last December and has about 130 workers there. More
Packaging maker Anomatic to build new manufacturing facility in Ohio IndustryWeek Share
Anomatic Corp., a Newark, Ohio-based manufacturing of anodized aluminum, recently announced plans to build a new production facility in New Albany, Ohio. The company said it will invest $11 million to open an 83,000-square-foot anodizing producing facility in the Personal Care and Beauty Campus in the New Albany Business Park. More Global iron ore prices started falling late April on Europe concerns Fox Business Share
Sentiment in the global iron ore market remained uncertain in April, even though prices for the steelmaking ingredient continued to firm over the first 20 days of the month, price provider The Steel Index said in its monthly bulletin. Spot reference prices for ore with 62 percent iron content, delivered to China, averaged $147.65 a dry metric ton for the month, up 2.1 percent on March, The Steel Index said. More
Sany to sell US projects in $38 million deal Wind Power Monthly Share
Chinese turbine manufacturer Sany Electric is set to sell an upcoming 40 megawatt project cluster in Oregon to the Yelland Group, a Chinese real estate developer, for $38.4 million.The Butter Creek projects, which are set to be developed at the end of the year, comprise four wind farms of 10 megawatts each. More
Machine tool sector in Italy doing well IndustryWeek Share
While an increase of 10.5 percent for the first quarter of 2012 is good news in the Italian machine tool sector, it doesn't tell the whole story. The increase is solely due to exports which has increase 12 percent compared to the same quarter last year. In fact in a presentation at the Lamiera trade show in Bologna, Dr. Ing. Luigi Galdabini, who is managing director of Galdabini and the vice president of UCIMU (machine tools, robots and automation manufacturing association), pointed out that 80 percent of his sales are exports. More
PowderMet 2012 opening session to focus on automotive industry International Powder Metallurgy Directory Share
The opening keynote presentations at MPIF's PowderMet 2012 International Conference on Powder Metallurgy & Particulate Materials, Nashville, Tenn., June 10-13, will this year focus on the American automotive industry. A presentation by Drew WInter, Editor-in-Chief at WardsAuto World Magazine will be followed by a presentation from Jae Hoon Oh, Principal Research Engineer at Hyundai & Kia Corporate R&D Center in Korea. More |
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