Barrage of earnings, economic data to drive market Oct 26, 2009
So last week CEO John Faraci announced plans to cut the manufacturing capacity by 13 percent and the staffing level by nearly 3 percent. "When you look at the containerboard industry demand is off about 10 percent this year," Faraci said last week. (Fresno Bee -- Business)
Fall Colors Highlight CityGarden in Downtown St. Louis Oct 26, 2009
Manufacturing buildings will drop 14% in dollars and 3% in square feet, hampered by the substantial amount of slack manufacturing capacity. Public works construction is expected to rise 14%, given more wide-ranging strength across all project types. (Saint Louis Front Page)
UQM selling stock to match stimulus grant Oct 24, 2009
The stock offer will also raise funds for UQM to expand manufacturing capacity and for working capital and general corporate purposes, the company said. UQM had filed only a partial prospectus on the offer with the Securities and Exchange Commission as of Friday morning and did not announce how much stock it plans to sell. (Denver Business Journal, CO)
Tower of Power Oct 24, 2009
"If they have manufacturing capacity in China, they generate GDP, generate tax revenue, generate employment, I do not see a reason why the Chinese government would let them die," he says. "A parent may like one child more than the other, but at the end of the day I think they will continue to do well and continue to do business in China." With the rest of the global economy still stagnating, life as China's stepchild may be the best some international firms can hope for. (Time.com)
Name change hopes for initial success Oct 23, 2009
CBio had to suspend the ''recruitment'' of new patients into its trial of XToll treatment due to ''an impaired manufacturing capacity. While this has and will cause a delay in the completion of the trial, CBio is investigating the feasibility of utilising additional overseas clinical trial sites once recruitment is able to recommence as a means of minimising and delay to the completion of the trail,'' CBio says in its recent accounts. (Sydney Morning Herald -- Business)
Reva may sport made-in-US tag Oct 23, 2009
Reva has scaled up its manufacturing capacity in India to 30,000 cars per year with an investment of Rs 30 crore. The company is banking on the global shift towards eco-friendly cars and is exploring entry into many markets including South East Asia and Europe. (India Times)
JP Associates net up four-fold Oct 22, 2009
With commissioning of new capacities during the quarter under review, higher expenditure (especially interest and depreciation) has impacted profit from operations in the current quarter, the company said in a statement to BSE. JAL will raise its total commissioned cement manufacturing capacity from 18 million tonne per annum at present to 23 MT per annum by the end of this fiscal. JAL sold five crore treasury shares during the September quarter for Rs 1,185 crore. (India Times)
Nissan: Pain After the Binge Oct 22, 2009
Yet Nissan Motor () has no plans to reduce its manufacturing capacity in the U.S. "I've absolutely no worry about using our capacity in the U.S. in the short term," says Chief Executive. That optimism some would say hubris could come back to bite the company. (BusinessWeek)
Infineon invests $15 million in Dresden wafer fab Oct 9, 2009
While Infineon did not elaborate on the kind of manufacturing equipment it plans to invest in, a company spokesperson said that the investment will be completed by the beginning of 2010 and the manufacturing capacity expansion will take effect during Q1/2010. The company sees the need to crank up production for automotive chips as well as chips for smart cards and security devices. (EETimes)
Midwest Govs. See Clean Energy Cooperation Need Oct 8, 2009
But the cooperation only goes so far, especially among industrial Great Lakes states that have massive amounts of manufacturing capacity in the wake of decades of plant closings. "It would be great not to have to continually fight state against state for tax incentives, but the reality is every state is trying to get as many jobs as they can," Granholm said. (ABC News -- Wire)
Cardio. Systems to open facility in Texas Oct 6, 2009
As demand builds for our Diamondback 360, we need additional manufacturing capacity to accommodate our growth, and multiple facilities to minimize business interruption risk, said Robert Thatcher, executive vice president of the company. Cardiovascular Systems has reported seven consecutive quarters of revenue growth since launching the Diamondbank 360 in 2007. (Twin Cities Business Journal, MN)
Chicken Feet and Chump Change Oct 6, 2009
So long as there are unions and domestic manufacturers in the United States and excess manufacturing capacity in China, these conflicts will arise in the future, regardless of who controls the White House. As part of a bid to shore up Republican electoral prospects, the Bush administration in 2002 tariffs on steel (including steel made in China) and in 2003 enacted trade restrictions on Chinese-made bras. (Slate)
Medical Ethics Experts Identify, Address Key Issues In H1N1 Pandemic Oct 5, 2009
Support ran high for increasing regulatory control over drug manufacturing capacity and profit-seeking, and for prioritizing equity in global distribution of drugs. Town Hall participants were less united on the extent to which domestic obligations and the recent global economic downturn should modulate Canada's duty to reach out globally. (Science Daily)
Doctors fear too few patients will have swine flu jab Oct 3, 2009
Vaccine maker CSL told the Herald it would be unable to include A(H1N1) in the winter flu vaccine because swine flu vaccine was already consuming so much manufacturing capacity. A CSL spokeswoman, Rachel David, said the A(H1N1) strain yielded only three-quarters as much vaccine for the same production capacity, and this would make it impractical to include in the winter flu shot. (Sydney Morning Herald -- Australia)
A “new normal” for the world economy: After the storm Oct 2, 2009
Unemployment is still rising and much manufacturing capacity remains idle. Many of the sources of today s growth are temporary and precarious. (The Economist)
ARM in talks with GlobalFoundries, say reports Oct 1, 2009
The manufacturing capacity of GlobalFoundries, majority owned by Abu Dhabi's Advanced Technology Investment Co. (ATIC), is based on the wafer fabs formerly owned by Advanced Micro Devices Inc. (Sunnyvale, Calif. in Dresden, Germany. (EETimes)
Playing second fiddle to foreigners despite having a birthright Sep 26, 2009
Last month Seagate (worldwide: 10,000 workers) moved out its manufacturing capacity, retrenching some 2,000 workers. It is difficult to imagine the impact of Seagates loss on our economy, said commentator Harrison Goh. (The Star Online, Malaysia)
Ford unveils much awaited small car, Figo Sep 26, 2009
Ford is also planning to double its manufacturing capacity at its Chennai facility to 200,000 units per annum by 2010. Ford Indias portfolio includes the Ikon, Fiesta sedan, Fusion car and the Endeavour SUV.. (India Times)
Flu is a booster for firms here Sep 26, 2009
GSK, which is based in London and has major operations in the Philadelphia area, has invested more than $2 billion to expand its vaccine manufacturing capacity. The company has received orders for more than 291 million doses of the vaccine which are being made at its facilities in Canada and Germany from about a dozen governments including the United States, France, Belgium and Finland. (Philadelphia Business Journal, PA)
JLR plans to shut down UK plant, pump in 800 mn pounds Sep 25, 2009
This has resulted in manufacturing capacity utilisation of less than 60% at JLR, which combined with the credit crunch, has exposed fundamental weaknesses in the structure of the business, the statement said. Also Read. (India Times)
IPO fuels prospects of battery makers Sep 25, 2009
One of A123 s main challenges will be to increase production, Vieau said, which will require boosting the company s manufacturing capacity in the United States. A123 has received more than $600 million in government loans, grants, and other incentives, including the grants to fund construction of its Michigan plant, and it has partnership agreements with seven car companies around the world, including Chrysler. (Boston Globe)
WHO cuts swine flu vaccine production estimate Sep 25, 2009
The WHO acknowledged that the global manufacturing capacity is "limited, inadequate and not readily augmented.". Amid growing fears that poorer nations will not get enough vaccines, the United States led nine countries to pledge in mid-September to make 10 percent of their swine flu vaccine supply available to other nations in need. (Yahoo! Asia News)
Greenyield building new factory in Vietnam Sep 24, 2009
It said the new factory would also produce non-plantation-related products like Artstone plant pots, which is mainly exported to the United States, Australia and Europe, as the manufacturing capacity in Malaysia was running low. The venture undertaken by Givnflow Co Ltd, a wholly-owned subsidiary of Gim Triple Seven Sdn Bhd, is 100%-owned by Greenyield. (The Star Online, Malaysia -- Business)
Ballard Announces Update to Supply Agreement for Telecom Backup Power Solution in India Sep 23, 2009
Such assumptions relate to Ballard's financial forecasts and expectations regarding its product development efforts, manufacturing capacity, and market demand, and include matters such as generating new sales, producing, delivering and selling the expected number of units, and controlling its costs. These statements involve risks and uncertainties that may cause Ballard's actual results to be materially different, including, without limitation, the rate of mass adoption of its products, product... (PR Newswire)
Gerdau Ameristeel Reports Early Adoption of International Financial Reporting Standards for the Year Commencing January 1, 2009 Sep 23, 2009
Gerdau Ameristeel is the second largest mini-mill steel producer in North America, with annual manufacturing capacity of approximately 12 million tons of mill finished steel products. Through its vertically integrated network of mini-mills, scrap recycling facilities, and downstream operations, Gerdau Ameristeel serves customers throughout the United States and Canada. (PR Newswire)
Ford Motor to Announce 3rd China Car Plant: Source Sep 22, 2009
The new plant, to be based in the southwestern Chinese city of Chongqing, will have annual production capacity of at least 150,000 units per year, the source told Reuters, adding to Ford's current car manufacturing capacity in China of 447,000 units. The source did not give financial details or further information regarding the new plant. (ABC News -- Business)
Jaxport wary of China trade spat Sep 22, 2009
Arce said the U.S. s loss of much of its manufacturing capacity to China can t be blamed entirely on lower labor costs outside its borders. Germany has higher labor costs and business taxes than China, but still has an export surplus in trade with the country. (Jacksonville Business Journal, FL)
A. Shulman Expands Capacity at Mexican Plant Sep 22, 2009
A. Shulman Inc. said Monday it is expanding the manufacturing capacity of its plastics factory in San Luis Potosi, Mexico. The plant will focus its new 5 million pounds of capacity on specialty engineered nylones, polyesters and high-performance alloys. (ABC News -- Wire)
Phase 3 Trial Shows Denosumab Delayed Skeletal Related Events in Advanced Cancer Patients With Bone Metastases Sep 21, 2009
THOUSAND OAKS, Calif. There is no need for renal monitoring or dose adjustments due to renal impairment," said David Henry, M.D., clinical professor of Medicine, Pennsylvania Hospital, Philadelphia, PA, United States of America. "Furthermore, the positive results of this study, combined with the convenience of a monthly subcutaneous injection and without the flu-like symptoms associated with Zometa administration, make this an exciting potential treatment option for advanced cancer patients. (Canada Newswire)
OLED phone screens are abright addition Sep 18, 2009
Use is limited right now because of limited manufacturing capacity ... Yet even basic AMOLED displays may not be common in handsets any time soon, say some industry analysts, because of limited manufacturing capacity ... "When the necessary manufacturing capacity is in place for those, people will say, 'Why do I want a glass-based equivalent?' ". (MSNBC -- Technology)
BHEL achieves turnover of over 28K cr Sep 18, 2009
BHEL has increased its manufacturing capacity to 15,000 MW annually and is planning to achieve 20,000 MW by 2012. Read business stories in. (India Times)
Pella Windows cuts jobs at area plant Sep 17, 2009
Through July, new housing starts in the U.S. were down by more than 40 percent year-to-date over last year's deep declines, resulting in excess manufacturing capacity in Sioux Center, Pella spokesperson Kathy Krafka Harkema said in a statement. "As a just-in-time manufacturer, we build the bulk of products to order, rather than accumulating large amounts of stock. As a result, our business is very cyclical and very much tied to the health of the housing economy,'' Krafka Harkema said in a... (Sioux City Journal, IO)
NAP review to encourage new technology and investment Sep 16, 2009
The manufacturing capacity in Thailand is very well developed. But if Malaysia can leverage further on its Rearch and development) capabilities, it can be a competitive niche, said an analyst of a local brokerage. (The Star Online, Malaysia -- Business)
Mentor CEO sees full fab capacity by year end Sep 12, 2009
Rhines disputed assertions that the overall chip industry is consolidating, "We know that manufacturing capacity has consolidated into foundries. Now, a third of the total manufacturing capacity is owned by independent foundries. So there has been consolidation of manufacturing, but not consolidation of semiconductor revenue," he said. He also downplayed assertions that rising design costs mean fewer design starts. (EETimes)
Can the Future Be Built in America? Sep 12, 2009
In the boom years from 1994 to 1999, when the economy surged 26%, U.S. manufacturing capacity swelled by 44%, according to a. BusinessWeek. (BusinessWeek)
What now for the carmakers? Sep 11, 2009
Not only is it likely that much of this development will be funded by the German government, and supported by energy companies operating wind farms and nuclear power plants; it will also require manufacturing capacity. The battle for European automotive jobs is not over yet. (BBC News -- Europe)
Mercury will return aid from Oklahoma Sep 10, 2009
With the decisions made last week around the consolidation of our under-utilized manufacturing capacity, it is unlikely that Mercury Marine will qualify for the criteria outlined by the spirit of the bill in terms of employment levels and the scale and scope of our operation in Stillwater, said Mark Schwabero, president of Mercury Marine. Late last week, Mercury Marine announced that it would consolidate marine engine production in Fond du Lac, instead of Stillwater, after the Fond du Lac... (Milwaukee Business Journal, WI)
Winston the pigeon takes flight down memory lane Sep 10, 2009
Van Rooyen confirmed in June that the group would outsource its integrated circuits manufacturing capacity to China and manufacture antiretrovirals at its plant in Koedoespoort instead. Meanwhile, Kingco has said it intended to delist by the end of next month because it was in need of a complete turnaround. (Business Report, South Africa)
Angio CEO up for election on board Sep 10, 2009
The move is designed to open up space at AngioDynamics Queensbury location to boost manufacturing capacity and continue serving as the company s distribution warehouse. Most Read Stories. (Albany Business Review, NY)
China alarmed by US money printing... Sep 8, 2009
" You honestly think those countries have the same kind of manufacturing capacity as China? Get real. Another conservative that likes to think he's "educated". Joe on September 08, 2009 at 07:21 AM China export products ranging from low tech trinkets to high tech goods. They have millions of factories that can make useful consumer goods and sell to the rest of the 4-5 billion people that the Westerners don't bother to deal with. China can barter around the US dollar with the rest of the world... (The Drudge Report)
R.G. Barry sees fiscal 09 profit drop Sep 5, 2009
We reported a year ago that our fiscal 2009 margins would fall below our normal 40 percent target as a result of the then tight manufacturing capacity in China and skyrocketing oil prices. He said the company continues to refine its multi-channel distribution strategy and will increase its investment in its Dearfoams brand and in new business initiatives, including its Levi s-licensed accessory footwear, which will roll out to department stores and specialty stores this fall. (Columbus Business First, OH)
Sizing Up a Credit-Market Recovery Sep 4, 2009
Moreover, on the production side, there's still plenty of spare manufacturing capacity. In recent months, we've seen improvement in some of these indicators. (BusinessWeek)
Thriving in Detroit Sep 4, 2009
As the remaining automakers remove excess manufacturing capacity and sell more global vehicles that don't require a lot of reengineering for each market, industry fundamentals are changing to benefit the strong suppliers. Ford Motor (), for example, which is making a big move to global vehicles, recently cut suppliers whose financials it deemed too risky. (BusinessWeek)
Tower Semiconductor Raises $16 Million From Institutional Investors Sep 3, 2009
Tower provides world-class customer service and maintains two fabrication facilities in Israel and a fab in Newport Beach, CA, with manufacturing capacity available in China through partnerships with ASMC and HHNEC. For more information, please visit and. Forward Looking Statements. (PR Newswire)
TTM Technologies, Inc. Announces Closure of Hayward and Los Angeles Facilities Sep 2, 2009
"The actions we are announcing today are the result of a methodical and strategic evaluation process regarding our manufacturing capacity and cost structure in the context of ongoing demand challenges," Alder said. "These actions position TTM with a more cost effective manufacturing solution for today's market. Importantly, this restructuring will allow us to improve capacity utilization and to maintain appropriate upside capacity to grow with our customers as the market eventually recovers.". (Primezone Releases)
From research to reality: Johnson Controls readies advanced battery production in U.S. Sep 1, 2009
The award represents about half the company s $600 million planned investment in domestic advanced battery manufacturing capacity and infrastructure development. This article is for Paid Subscribers ONLY.. (Milwaukee Business Journal, WI)
Mercury Marine still plans to move work from Fond du Lac Sep 1, 2009
Extreme economic conditions have necessitated the consolidation of its manufacturing capacity, the company said. Mercury said it expects to finalize the details of state and local programs over the next few days and that detailed plans for the transition will be announced as they become available. (Milwaukee Business Journal, WI)
GSI Group Reports on Revenue Recognition Review, Preliminary Second Quarter 2009 Bookings, Operating Expenses and Cash Balance Sep 1, 2009
These forward looking statements contain estimates and involve a number of risks, uncertainties, assumptions and other factors that could affect future results and cause actual results and events to differ materially from historical and expected results and those expressed or implied in the forward looking statements, including, but not limited to, the following: the highly unpredictable nature of the semiconductor and electronics materials processing industry; deteriorating market conditions;... (PR Newswire)
Ford plans to bring Rs 3 lakh-plus small car Sep 1, 2009
The company is investing around $500 million fresh money in India for building small car and engine manufacturing capacity. Read business stories in. (India Times)
Higher NAND memory prices coming, analyst says Aug 29, 2009
Unit shipments and bit volume demand is set to increase but there has been a declining investment in flash memory manufacturing capacity for a couple of years now. IC Insights reckons that in 2009 capital expenditure dedicated to flash memory will fall to 25 percent of the previous year at about $3 billion. (EETimes)
It's official: Toyota closing California plant Aug 28, 2009
Thursday's announcement came after Japanese media reported that Toyota would slash its global manufacturing capacity by 700,000 to 1 million vehicles. Bob Wasserman, mayor of Fremont, expressed deep disappointment, but not particular surprise, at Toyota's decision. (San Jose Business Journal, CA)
Lonza Makes Offer Valuing Canada's Patheon at $460 Million, Topping JLL Aug 22, 2009
Buying Patheon would let Lonza give its customers manufacturing capacity across the complete supply chain, Borgas said in the statement. Subject to due diligence, the deal is likely to be complete in 2010 and is expected to contribute to within two years, the Swiss company said. (Bloomberg -- Canada)
Stora Enso Continues the Change Aug 19, 2009
HELSINKI, Finland, Aug. 19, 2009 (GLOBE NEWSWIRE) -- Stora Enso plans further reductions in its manufacturing capacity due to on-going weak demand and the resulting heavy losses. "In the past two years we have transformed the Group to improve our long-term financial returns, which are the basis for the future of any company. We have tried to move as fast as possible, but it has not been fast enough. Divestments, de-layering of the organisation, and significant reduction of production assets and... (Primezone Releases)
Hard facts ignored Aug 18, 2009
Our economy remains overly exposed to US consumption, while having insufficient manufacturing capacity (and resources) of the type to benefit significantly from heightened global demand. Returning to the stock market, I see nothing typical going on there either. (Asia Times Online)
Toyota: Fremont exit undecided Aug 18, 2009
David Cole, with the Center for Automotive Research in Michigan, said the Japanese report seemed plausible because Toyota has too much manufacturing capacity and the Canadian and Texas plants were the logical places to take over the work now done in Fremont. Nummi is the only factory where Toyota builds cars in North America that is represented by the United Auto Workers, Cole said. (San Francisco Chronicle -- Business)
Amgen Issues Statement on Outcomes of Advisory Committee for Reproductive Health Drugs (ACRHD) Meeting Aug 14, 2009
We depend on third parties for a significant portion of our manufacturing capacity for the supply of certain of our current and future products and limits on supply may constrain sales of certain of our current products and product candidate development. In addition, sales of our products are affected by the reimbursement policies imposed by third-party payors, including governments, private insurance plans and managed care providers and may be affected by regulatory, clinical and guideline... (PR Newswire)
Angio moving administrative offices Aug 13, 2009
That will free up space in Queensbury to boost manufacturing capacity and continue serving as the company s distribution warehouse. Up to 150 employees can be accommodated in the new offices. (Albany Business Review, NY)
3SBio Inc. Announces Unaudited Second Quarter 2009 Results Aug 12, 2009
Dr. Jing Lou, chief executive officer of 3SBio, commented: "We had a good quarter with an encouraging trend in our operating performance. Sales of our leading products, EPIAO and TPIAO both grew by over 37% due to the strong growth of the dialysis market and our continued efforts to raise awareness of 3SBio in the oncology segment of the market. Our share of the Chinese EPO market now exceeds that of our five closest competitors combined and we reiterate our 2009 revenue guidance. I am pleased... (PR Newswire)
Union City may get bio-tech firm that makes cancer drug Aug 11, 2009
If approved, Provenge will be launched from Dendreon s facility in Morris Plains, N.J., with manufacturing capacity supported by its Union City plant and one in California. Inside AJC.COM. (Atlanta Journal-Constitution -- Business)
Cadila Pharma plans swine flu vaccine by November Aug 11, 2009
The new facilities will be operational after one-and-a-half years but the company will be able to launch the vaccine in November, using existing manufacturing capacity of CPL.. CPL has 80% equity and Novavax 20% in the JV. It may be pointed out that Cadila Pharma also holds 5. (India Times, India -- Community News)
India's solar plan inches forward Aug 8, 2009
However, it still lacks a domestic supplier of polysilicon and other solar materials as well as a wafer manufacturing capacity. Manufacturers here such as Tata BP Solar are targeting the export market. (EETimes)
Michigan Governor Jennifer Granholm Visits Johnson Controls Technical Center in Holland, Michigan Aug 8, 2009
The grant will be used to build domestic manufacturing capacity for advanced batteries for hybrid and electric vehicles. (Logo:). (PR Newswire)
Steinway Reports Q2 2009 Results Aug 7, 2009
"As a result, the supply of manufacturing capacity is likely to shrink over the next year. The tough decisions we made to reduce costs dramatically have given us the needed flexibility to weather this difficult economic environment. We remain confident that we will emerge an even stronger competitor.". Segment Information. (Yahoo! Wire -- Entertainment News)
G&K Services income falls 73 percent Aug 7, 2009
"Our fourth-quarter results mark the end of a challenging and disappointing fiscal year, said Douglas Milroy, G&K's recently appointed CEO. For its fiscal year, G&K's revenues were $936 million, down from $1.0 billion in fiscal 2008. Net loss for fiscal 2009 was $72.5 million, compared to a net income of $46.1 million in fiscal 2008. The company is moving to reshape the business with an improved focus on profitability, it said in a press release. For example, during the fourth quarter of its... (Twin Cities Business Journal, MN)
GSK to up output of inhaler drug Aug 7, 2009
The UK-based pharma giant GlaxoSmithKline, the manufacturer of Relenza, is increasing its manufacturing capacity for the drug, while Indian players are also seeing increased interest from customers for generic versions of Relenza (Zanamivir). We expect to increase annual production capacity of Relenza to 190 million treatment courses by 2009 end. (India Times)
