Hinrichs said 2014 will be the busiest product year in Ford's 111-year history, with 23 new vehicles being introduced around the world. Of those, 16 will be sold in the U.S., including a new Mustang sports car, Transit Connect van, and Lincoln MKC small utility.
The division was created from the merger of two former divisions, Bearings and Drives and Simco Technologies. The formerly named Bearings and Drives division was the company’s legacy division serving industry since 1947, and represents over 300 manufacturers of a large array of products.
The larger, 23,337-square-foot facility offers increased inventory for same-day pickup and delivery, convenient access, and more.
The company will focus on providing custom-made bearings to OEMs that supply pumps, gearboxes, rotors, generators, and other components to the aerospace and defense industries, among others.
Stanley Black & Decker’s Chairman and CEO, John F. Lundgren, commented, “We made significant progress driving organic growth during 2013 and expect momentum to continue during 2014. The investments we made this year will help us achieve overall organic growth of approximately 4% in 2014 driven by year over year gains within the majority of our businesses despite a persistent low growth macro environment."
The number of people seeking U.S. unemployment benefits rose 68,000 last week to a seasonally adjusted 368,000, the largest increase in more than a year. The surge in first-time applications could be a troubling sign if it lasts. But it likely reflects the difficulty adjusting for delays after the Thanksgiving holiday.
Daily sales increased 5% versus November 2012. Results for the month included 4% points from acquisitions and a 2 percentage points decline from unfavorable foreign exchange.
October U.S. cutting tool consumption totaled $176 million, according to the U.S. Cutting Tool Institute and AMT – The Association For Manufacturing Technology, up 13.1% from September’s total but down 5.8% from October 2012.
The company will build a second air separation unit (ASU) in Bozrah, CT in order to meet the expected increase in demand for merchant gases across its diverse customer base in the region.
Honeywell announced investments of approximately $300 million will be made by the company and key suppliers to increase production capacity for HFO-1234yf, a new refrigerant for automobiles with a global-warming potential of less than 1.
The Manufacturers Alliance for Productivity and Innovation (MAPI) Quarterly Economic Forecast predicts that inflation-adjusted gross domestic product will expand 2.6% in 2014 and 3.2% in 2015, the former down from 2.8% and the latter down from 3.4% from MAPI’s September 2013 report.
“We are inviting all local manufacturers, state workforce professionals, and local organizations concerned about the industrial skills shortage in our area,” states Dr. Lisa Hiscano, Union’s Director of Continuing and Professional Education. “Union County College is very excited about these new capabilities and we look forward to introducing the programs to those most impacted by the manufacturing skills shortage.”
The deal to ease those cuts for two years is aimed less at chipping away at the nation's $17 trillion national debt than it is at trying to help a dysfunctional Capitol stop lurching from crisis to crisis.
About 75% of young women believe the U.S. needs to do more to bring about equality in the workplace, a new study finds, despite a narrowing pay gap and steady employment gains for women at higher levels of business and government.
The new 30,000 sq. ft. facility will offer increased inventory for same-day pickup and delivery, convenient access, and project staging, kitting, and customizable consolidated packaging capabilities.
ioBridge, which helps companies simply and cost-effectively connect products to the web, sees the agreement as a major step for the "Internet of Things" - networked connections among people, products, and data-market as a whole.
GSE Systems, Inc. is currently working on Phase II of a multi-phase project to supply an engineering simulator for the first-of-a-kind power plant design, FutureGen 2.0 project. The FutureGen 2.0 will be a near-zero emissions coal-fueled power plant using oxy-combustion technology.
Net sales were $93.6 million, an increase of 43.3% from the comparable quarter in fiscal 2013. The sales increase reflected the addition of OM Group’s Ultra Pure Chemicals (UPC) business, acquired in May 2013.
Wholesale stockpiles grew 1.4% in October, the Commerce Department reported Tuesday. That's nearly triple the 0.5% gain in September. Sales at the wholesale level increased 1 percent in October after a 0.8% gain in September.
The plant, whose size has not been determined, is part of $300 million the company and key suppliers are investing to increase production of HFO-1234yf, a new refrigerant for automobiles with a global-warming potential of less than 1.