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Analysis: Friday's Jobs Report from the Labor Department
Friday's Job Reports By Peter Morici Friday, the Labor Department will report employment data for November. In October, the economy lost 240,000 jobs, and the consensus forecast is for another 300,000 jobs lost in November. My forecast is for a…
Severstal Defers $8 Billion Steel Investment Program
As the global economic crisis continues to check industrial progress worldwide, industry majors in the steel sector are continuing to curb production and defer proposed capital expenditures, the latest being Severstal (Cherepovets, Russia), Russia's largest steel producer. According to Industrial…
Surfware Inc. Receives Patent for Engagement Milling
Surfware Inc. (Camarillo, CA), developer of SURFCAM CAD/CAM software, announced that the U.S. Patent and Trademark Office (USPTO) issued a patent (number 7451013) for its Engagement Milling technology. "This patent protects the intellectual property and proprietary technology that we have…
Beijer Electronics Launches HMI Website for Machine Builders
Beijer Electronics has launched its new website, www.machinebuilderhmi.com, to provide tuned information on products, customization, development and support, and to satisfy demand for reliable HMI solutions for OEMs and machine builders. "We listen to our customers requests and provide customized…
Construction of First French Offshore Windfarm to Begin in 2009
Enertrag France SARL (Cergy, France), a subsidiary of Enertrag AG (Dauerthal, Germany), expects to begin construction of the first offshore windfarm in France in the second quarter of 2009. According to a report by Industrial Info Resources (Sugar Land, TX),…
Tata Group Continues Expanding Presence in South Africa
Tata Steel KwaZulu Natal (Pty) Limited (Richards Bay, South Africa), a subsidiary of Tata Steel (Jamshedpur, Jharkhand), recently commissioned a new briquette plant in the industrial port of Richards Bay at the company's ferrochrome smelter facility at the same site,…
Mayfran Acquires Canadian Conveyor Firm
Mayfran International (Cleveland, OH) has expanded its product capabilities with the acquisition of Press Room Techniques (PRT) of Lindsay, Ontario. PRT is the developer and manufacturer of a line of patented products that manage scrap in stamping operations. PRT?s innovative…
Western Enterprises Donates Equipment to Community College
Western Enterprises (Westlake, OH) has partnered with Lorain County Community College (LCCC) as the supplier of shielding gas regulators, flashback arrestors and hose quick disconnects for the new National Center for Welding Education and Training to be built in 2009….
Lincoln Electric Names Two New Company Officers
Lincoln Electric Holdings, Inc. (Cleveland, OH) (Nasdaq: LECO) has announced the election of Steven B. Hedlund as Vice President, Strategy and Business Development, and Earl L. Ward as Vice President, Mergers, Acquisitions and Investor Relations. In the newly created position…
Bodine Electric Company More Than Doubles Size of Iowa Plant
Bodine Electric Company (Chicago, IL) has announced its Peosta, IA plant is now fully operational. More than 100 new CNC machining jobs were created and the size of the company?s facility was more than doubled to 140,000 sq.-ft. It is…
Bharat Forge and Alstom Form Joint Venture to Manufacture Supercritical Turbine-Generator Sets in India
Bharat Forge Limited (Pune, Maharashtra), an auto-components manufacturer and the world's second largest forgings company, and Alstom SA (Levallois-Perret, France) entered into a joint-venture agreement to set up a manufacturing facility in India for high-value supercritical turbine and generator sets…
Automobile Equipment Manufacturer ArvinMeritor to Sell Light Vehicles Segment
ArvinMeritor (Troy, MI), a global automobile equipment manufacturer, announced its fourth quarter and fiscal year 2008 earnings on November 18. The company's sales were up somewhat, rising from $1.59 billion in 4Q07 to $1.72 billion in 4Q08. For the year,…
