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LG Electronics to Invest $172 Million in Two Solar Cell Lines
LG Electronics (Seoul, South Korea), the world's third largest appliance maker and a leading global manufacturer of electronics and mobile communication products, has announced it will invest $172 million for building two solar cell lines at an existing plasma panel…
Manufacturing Officially Enters Deep Recession
Factory activity contracted sharply in October, falling to its lowest in 26 years as the financial crisis ravaged the world's largest economy and its trading partners around the globe, according to the report issued by Reuters. The one bright spot…
European Metals Market Filled with Caution and Short on Credit
In the first week of October at the annual congress of the World Steel Association (Brussels, Belgium) in Washington, D.C., Karl-Ulrich Kohler, Executive Board Chairman of ThyssenKrupp Steel AG (Duisburg, Germany), a subsidiary of ThyssenKrupp AG (FRA:TKA) (Dusseldorf, Germany), expressed…
Heavy Engineering Corporation Eyes International Partnership to Manufacture Nuclear Power Equipment
State-owned Heavy Engineering Corporation Limited (HECL) (Ranchi, India) is in talks with international engineering companies for a prospective joint-venture partnership to manufacture equipment for nuclear power projects. Discussions are in progress with General Electric Company (Fairfield, CT), Alstom SA (Levallois-Perret,…
Flow International Unveils Asia Growth Strategy
Flow International Corporation (NASDAQ: FLOW), has given further clarity to its growth plans in Asia in conjunction with the start of the 9th China International Machine Tool & Tools Exhibition (CIMES 2009) trade show in Beijing. A key element of…
BOC India Plans $52 Million Investment in Gas Projects by March 2009
BOC India Limited (Kolkata, West Bengal), a leading industrial gas supplier to steel units with more than 20 production facilities and a turnover of $29.5 million, has announced plans to invest $52 million in existing projects by March 2009, according…
Wildeck Expands Sales Organization
Wildeck, Inc. (Waukesha, WI) announces the addition of Daniel Nauertz and Thomas Weickardt as Inside Regional Sales Managers. Tom and Dan will take responsibility for sales and customer support of mezzanines, vertical lifts, and safety guarding products in their respective…
First Large Windfarm in Hainan Province Could Begin Operation by Year's End
Huaneng Hainan Power Generation Company Limited (Haikou, Hainan) has begun tests on the first batch of 11 wind turbines as part of Phase I of the Huaneng Wenchang wind power project in southern China's Hainan province, according to Industrial Info…
Chevron Doubles Third-Quarter Earnings While Producing Less
On October 31, Chevron Corporation (San Ramon, CA) announced earnings for third quarter 2008. As is becoming a standard story for petroleum-production companies, 3Q08 brought significantly higher earnings compared to last year. According to Industrial Info Resources (Sugar Land, TX),…
CONNECTOR SYSTEM INTEGRATED WITH SMALLEST MOBILE HYDRAULIC SENSOR
MTS Systems Corp. has integrated its successful M12 integrated connector system with its smallest mobile hydraulic sensor. The M12 integrated connector system can be flush-mounted on the side of cylinders containing the Temposonics® Model MS linear-position sensor.
PennEngineering® Executes Seizure Action Against FinExpress Fastener Co. Ltd.
On November 3, 2008, PennEngineering® executed a seizure action against FinExpress Fastener Co. Ltd. of Guangzhou, China. The action was taken to enforce an order issued by the United States District Court for the District of Nevada granting a default…
Improvements at Elkhart Plant Add to Indalex Investment in Midwest Operations
Indalex Inc. (Lincolnshire, IL) is investing $1.2 million to improve material flow at its Elkhart, IN aluminum extrusion plant, bringing total investment in Midwest manufacturing operations to more than $26 million this year. The improvement project at Elkhart, part of…
