CHICAGO—Seventy-two percent of CFOs at small and midsized manufacturers are moderately or highly optimistic about their companies’ financial prospects in the next 12 months, according to Prime Advantage, a buying consortium.
Independence, OH—The Industrial Fasteners Institute has published two new reference books on fastening: Mechanical Fastening and Joining, by Bengt Blendulf, and Torque Book for Fasteners, by Joe Greenslade.
SEOUL, South Korea—Hyundai Motor Co.’s limited global production capacity is capping the company’s growth, a top executive says. “Without building a new factory, it is very, very difficult to supply more,” says Lee In-cheol, Hyundai’s vice president of international sales.
MOUNT MORRIS TOWNSHIP, MI—Sanluis Rassini, which makes leaf springs, brake components and other auto parts, is building a $17.3 million assembly plant here. The facility is expected to create 55 jobs.
TOKYO—Nissan is planning to build a new assembly plant in North America to make cars for its luxury vehicle division Infiniti. The $2 billion facility will have a capacity of 100,000 vehicles per year and is expected to begin production in 2017.
DURHAM, NC—Defense contractor Nuvotronics plans to open a 40,000-square-foot assembly plant here, including 10,000 more square feet of clean room space.
INDIANAPOLIS—Arcamed Inc., which makes trays for surgical instruments, is investing $1.4 million in new equipment for its assembly plant here and will add 71 jobs by 2016.
ATHENS, TN—HP Pelzer Automotive Systems, which makes interior trim parts, plans to invest $28 million in a new 185,000-square-foot assembly plant here. The facility will create 200 jobs.
DETROIT—GM and Ford will jointly develop a new line of nine- and 10-speed automatic transmissions for cars and trucks to enhance vehicle performance and fuel economy.
WASHINGTON—Total energy consumption in the manufacturing sector decreased by 17 percent from 2002 to 2010, according to the U.S. Energy Information Administration. The decline in energy intensity reflects both improvements in energy efficiency and changes in the manufacturing output mix.
RSS