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News - Page 357
Ingersoll adds sales expertise in Western Canada
- Apr 16, 2013
- Cutting Tools
- News Release
Kapil has an extensive back ground in machining, and cutting tool sales. He can be reached at k3m@ingersoll-imc.com
US industrial production rises 0.4 per cent in March as auto factories, power plants surge
- Apr 16, 2013
- Automation and Software
- News Release
WASHINGTON -- U.S. industrial output rose in March as cold weather kept utilities busy generating heat and a surge in auto production helped offset broader weakness in manufacturing. Production at the nation's factories, mines and utilities rose 0.4 per cent in March from February, the...
Manufacturing sales up 2.6 per cent in February, biggest gain since July 2011
- Apr 16, 2013
- Metalworking
- News Release
OTTAWA -- Statistics Canada says manufacturing sales rose 2.6 per cent to $49.6 billion in February, the largest increase since July 2011. The agency says the gain was due largely to higher sales in the transportation equipment, petroleum and coal product, food, and miscellaneous...
Bombardier confident of CSeries production ramp up with Quebec workers
- Apr 15, 2013
- Metalworking
- News Release
MONTREAL -- Bombardier Aerospace doesn't expect to hire more foreign workers to build its new CSeries aircraft despite possible shortages in skilled labour in Canada. The aerospace giant has occasionally hired foreign engineers and temporarily uses its own employees from the...
Obama's pledges on debt, growth and manufacturing face mixed prospects
- Apr 15, 2013
- Metalworking
- News Release
The issue: The U.S. economy is recovering from the Great Recession but at a modest, uneven pace. Many scars remain visible, particularly an unemployment rate of 7.6 per cent. The U.S. has 2.8 million fewer jobs than in December 2007, when the recession began. And average hourly wages have trailed...
General Motors and Ford work together on new gas saving automatic transmissions
- Apr 15, 2013
- Fabricating
- News Release
DETROIT -- General Motors and Ford are putting aside their longstanding rivalry to work together to develop a new generation of fuel-efficient automatic transmissions. The companies said Monday that their engineers will jointly design nine- and 10-speed transmissions that will go...
World steel demand forecasted to grow 3 per cent in coming year
- Apr 12, 2013
- Metalworking
- News Release
The World Steel Association has announced they anticipate a 2.9 per cent rise in global steel demand in 2013. The prediction was detailed in their Short Range Outlook (SRO), release on Friday, April 11th. Furthermore, they also predict a similar amount of growth for the 2014 year and predict 1,500...
Quebec steel company ADF Group loses $1.6 million in 2012
- Apr 12, 2013
- Fabricating
- News Release
TERREBONE, Que. -- Structural steel company ADF Group Inc. swung to a $1.6-million loss in 2012 as its net loss increased 15 per cent in the fourth quarter on weak market conditions. The Quebec-based company also said it was negatively affected by the replacement of New York's World Trade Centre...
Abandon ships: Government urged to scrap plan for Arctic patrol vessels
- Apr 12, 2013
- Fabricating
- News Release
OTTAWA -- A new report by two independent think-tanks recommends the Harper government abandon its pet project to construct Arctic patrol ships for the navy. The Centre for Policy Alternatives and the Rideau Institute say the $4.3-billion plan has been watered down to the point where it no longer...
Pratt & Whitney opens additive manufacturing facility at UConn
- Apr 11, 2013
- Metalworking
- News Release
The University of Connecticut and Pratt & Whitney have announced the opening of a new additive manufacturing laboratory. The facility, called the Pratt & Whitney Additive Manufacturing Innovation Center at UConn, is located at the university’s campus in Storrs, Connecticut. The...
Industry group: China's March auto sales up 13.3 per cent
- Apr 11, 2013
- Metalworking
- News Release
BEIJING -- China's auto sales in March rose 13.3 per cent over a year earlier but Japanese automakers suffered more declines, an industry group reported Thursday. Customers in the world's biggest vehicle market bought 1.6 million cars, according to the China Association of Automobile Manufacturers....
Canadian dollar advances in wake of positive Chinese trade report
- Apr 10, 2013
- Metalworking
- News Release
TORONTO -- The Canadian dollar was higher Wednesday as risk appetite improved amid a pleasant surprise from the latest Chinese trade data. The currency rose 0.08 of a cent to 98.48 cents US. Customs data showed that China posted an unexpected trade deficit of US$800 million in March as imports rose...
GM commits to turning around their Opel operations in Europe
- Apr 10, 2013
- Metalworking
- News Release
RUSSELSHEIM, Germany -- General Motors (GM) will invest 4 billion euros in their Opel operations in Germany and Europe through 2016. The company announced the spending at a board meeting in a board of directors meeting in the German city of Rüsselsheim where the Opel headquarters are...
German automaker Daimler warns of tough times ahead that may take toll on earnings
- Apr 10, 2013
- Metalworking
- News Release
BERLIN -- German automaker Daimler is warning shareholders it expects 2013 to be difficult and that it may have to reassess its earnings expectations. CEO Dieter Zetsche said in remarks prepared for the company's annual shareholder meeting Wednesday that "not much tailwind is anticipated from the...
DMG adds new area sales manager
- Apr 9, 2013
- Metalworking
- News Release
Nater will cover the area of Mississauga, Oakville, Burlington and the Niagara Peninsula for the company. He has extensive sales experience in the machine tool industry in Ontario, and now brings that wealth of experience to DMG Canada and its clients....
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