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The Wall Street Journal
Equipment spending by manufacturing companies in the U.S. will rise about 7% in 2014 to $211 billion, economic research firm IHS Global Insight projects. Such spending grew 3.5% in 2013, IHS estimates. "I think business people are pretty confident longer term," said Daniel Meckstroth, chief economist at the Manufacturers Alliance for Productivity and Innovation, a research organization in Arlington, Va. The two-year budget deal recently reached in Congress soothed nerves, and the U.S. economy appears to be gaining strength. Visit http://online.wsj.com/news/articles/SB10001424052702304325004579296551829519722 to view the full article online. |
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The Guardian
Britain's manufacturers will enjoy faster growth than those in Germany or any other western European economy this year from rising demand at home and abroad, according to a report. In its annual survey of companies, manufacturers' organisation EEF found 70% of firms forecast an improvement in the economy in 2014, while just 5% thought conditions would deteriorate. Visit http://www.theguardian.com/business/2014/jan/06/uk-manufacturing-forecast to view the full article online. |
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Bloomberg
Manufacturing grew in December at the second-fastest pace in more than two years, fueled by a gain in orders that will help propel the U.S. expansion. The Institute for Supply Management’s factory index eased to 57 from the prior month’s 57.3, which was the highest since April 2011, the Tempe, Arizona-based group said today. Readings above 50 indicate growth. Other data showed construction spending rose more than forecast in November and jobless claims declined last week. Visit http://www.bloomberg.com/news/2014-01-02/u-s-ism-manufacturing-index-fell-to-57-in-december-from-57-3.html to view the full article online. |
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Visit https://www.naylornetwork.com/gea-nwl/articles/index.asp?aid=248264&issueID=37857 to view the full article online. |
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Reuters
Global manufacturing ended 2013 on a strong note, as major exporters like the United States, Japan and Germany all saw demand pick up, although China's performance remained modest, surveys showed on Thursday. Years of loose monetary policy, along with soaring stock markets, appear to be bolstering economic confidence. That bodes well for a global economy that has struggled to shake off the effects of financial crisis and recession. Visit http://www.reuters.com/article/2014/01/02/us-economy-global-idUSBREA010EA20140102 to view the full article online. |
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IndustryWeek
Italian carmaker Fiat said on Wednesday it had agreed to buy up the remainder of Chrysler in a historic $3.65-billion deal, paving the way for a full merger that will create a new global auto giant. Fiat said the long-awaited agreement with its U.S. partner included a $1.75 billion cash payment for the 41% stake that has been held by the VEBA fund of the U.S. autoworker's union UAW since Chrysler's bankruptcy procedure. Visit http://www.industryweek.com/global-economy/fiat-strikes-deal-full-merger-chrysler to view the full article online. |
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IndustryWeek
Toyota and Honda, two of Japan's top automakers Monday reported record sales in China last year, after an anti-Japanese consumer boycott depressed demand in the world's largest vehicle market in 2012. Toyota said it sold 917,500 vehicles in China last year, its best ever. The figure was up 9.2% from 2012, when a dispute over islands in the East China Sea flared anew and sent relations between Tokyo and Beijing plummeting. Visit http://www.industryweek.com/global-economy/japan-automakers-accelerate-china-sales-despite-tensions to view the full article online. |
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Aerospace Manufacturing and Design
Machinists Union members in Seattle have voted to accept the Boeing Co.’s proposed 8-year contract with a 51% yes vote, the union's local leader announced late on Friday, Jan. 3, 2014. "Our members have spoken and this is the course we’ll take," said Tom Wroblewski, the president of Machinists Union District Lodge 751, which represents more than 30,000 hourly workers at Boeing plants in Puget Sound. Visit http://www.onlineamd.com/machinists-accept-boeing-proposal-777x-washington-puget-sound-010614.aspx to view the full article online. |
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Popular Mechanics
Engines are complicated, and a lot can potentially go wrong during assembly—malfunctioning machines, faulty parts, and, of course, human error. But at its factory in Tonawanda, N.Y., General Motors has taken a high-tech approach to preventing and catching these problems. And it’s all thanks to a humble little bolt. Visit http://www.popularmechanics.com/cars/news/industry/this-bolt-is-the-key-to-gms-high-tech-assembly-line-16324897 to view the full article online. |
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February 10-12, 2014 in Clearwater Beach, FL. Hotel Deadline Friday, January 10, 2014. Complete details here.
Visit https://www.naylornetwork.com/gea-nwl/articles/index.asp?aid=248271&issueID=37857 to view the full article online. |
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The Denver Post
The answer may be blowing in the wind, but the National Wind Technology Center is using a new $16 million dynamometer to test how wind turbines perform. The 5-megawatt dynamometer test facility is the newest addition at the center, which is part of the Golden-based National Renewable Energy Laboratory. The drivetrain of a wind turbine — usually atop a tower and connected to a propeller — is placed in the dynamometer, and instead of wind, it is turned by an electric motor. Visit http://www.denverpost.com/business/ci_24835203/new-facility-at-nrel-tests-wind-turbines-performance to view the full article online. |
