Supply Chain

  • Machine tool exec urges US manufacturing analysis Dec 17, 2009

    A metalworking executive has joined other industry players in urging the Obama administration to conduct an ongoing analysis of the U.S. manufacturing sector.

  • Dreamliner takes maiden flight Dec 15, 2009

    The Boeing 787 Dreamliner finally took off this week after a more than two-year delay, carrying the future hopes of the U.S. titanium industry and other industry suppliers to the giant program.

  • US Manufacturing Council tells Locke to keep enforcing trade rules Dec 15, 2009

    American energy independence and the continued enforcement of trade rules will go a long way toward revitalizing the U.S. manufacturing base and the economy and making America a center for innovation again, according to recommendations by the U.S. Manufacturing Council to Commerce Secretary Gary Locke.

  • US waterborne shipments of metals battered by recession Dec 09, 2009

    A falloff in domestic metals demand has had a dramatic impact on waterborne shipments in the United States, shipping experts said at AMM’s Moving Metals Conference in Pittsburgh.

  • Caster acquires foundry, divests division Dec 03, 2009

    Citation Corp. has acquired Blackhawk Foundry & Machining Co. and sold off its Albion, Ind., facility to Busche Machine. The terms of the separate agreements were not disclosed.

  • Service center Kane Steel closes Nov 25, 2009

    Full-line service center and processor Kane Steel Co. has closed its doors after 54 years in business.

  • Ryerson posts $7.8M loss in 3d qtr. Nov 06, 2009

    Metals distributor and processor Ryerson Inc. posted a net loss of $7.8 million during the third quarter ended Sept. 30, more than triple a year-earlier net loss of $2.5 million but narrower than a second-quarter net loss of $130 million.

  • Court OKs Accuride’s DIP funding Nov 06, 2009

    Bankrupt Accuride Corp. has received final approval on $50 million in debtor-in-possession (DIP) financing.

  • Auto sales shake off post-Clunkers dive, rise 13% in October Nov 04, 2009

    Car and light truck sales by the top seven brands in the United States rebounded somewhat in October, increasing 13 percent from September, when sales fell 41.9 percent in the immediate aftermath of the federal “Cash for Clunkers” incentive program, according to an AMM analysis.

  • Aluminum sees volume gains in contracting auto mart Oct 20, 2009

    The U.S. automotive sector will see three more years of poor sales before registering a recovery in 2013, according to members of the Aluminum Association’s Aluminum Transportation Group.

  • Aluminum sees volume gains in contracting auto mart Oct 20, 2009

    The U.S. automotive sector will see three more years of poor sales before registering a recovery in 2013, according to members of the Aluminum Association’s Aluminum Transportation Group.

  • Detroit mayor mulling sale of auto supplier Bing Steel Oct 14, 2009

    Detroit Mayor Dave Bing is considering selling Bing Steel, an automotive industry supplier that is part of Bing Group, one of the largest minority-owned businesses in that sector.

  • Auto suppliers shut plants; 1 sets recall Oct 08, 2009

    Two suppliers to the automotive industry have announced plant closures, one in Ohio and the other in Michigan, but Cummins Inc. said Wednesday it will try to recall about 270 production employees, at least temporarily.

  • GM details post-bankruptcy fitness regime, plans progress Oct 08, 2009

    General Motors Co. outlined the progress it has made toward achieving commitments in its business plan, including implementing a leaner structure.

  • Vroman takes helm at Ladish Sep 30, 2009

    Aerospace components producer Ladish Co. has promoted Gary J. Vroman to president and chief executive officer following the retirement of Kerry L. Woody.

  • Court ignores creditors’ plea to delay sale of Hayes assets Sep 23, 2009

    A bankruptcy court judge has approved the bidding and auction procedures for the divestiture of the Nuevo Laredo, Mexico, powertrain operations of Hayes Lemmerz International Inc. despite an objection by the unsecured creditors committee, which said any asset sale should wait until the company has had its final reorganization plan approved by the court.

  • Fisker gets $528M loan to develop hybrids Sep 23, 2009

    Fisker Automotive Inc. has been granted a conditional loan of $528 million by the U.S. Department of Energy (DOE) to create affordable, fuel-efficient plug-in hybrid electric cars.

  • Coil coater NCI Building Systems back in black despite weak market Sep 15, 2009

    Citing lower costs and pricing discipline, NCI Building Systems Inc. returned to profitability in its fiscal third quarter.

  • Angeles’ TPL asset buy to expand Get Steel Sep 14, 2009

    A new plate and flat-rolled steel distributor will spring from the purchase of one California service center’s assets by another.

  • Quanex returns to black in fiscal 3d qtr. [UPDATE] Sep 03, 2009

    Quanex Building Products Corp. reported net income of $8.1 million for its fiscal third quarter ended July 31, down 7.7 percent from $8.8 million in the same period last year.

  • ‘Cash for Clunkers’ drives up auto sales Sep 02, 2009

    Car and light truck sales for the top seven automotive brands in the U.S. jumped 26.3 percent to 1,074,156 in August from 850,584 the previous month and were down a mere 0.8 percent from 1,082,753 in August last year, according to an AMM analysis.

  • Toyota to close dual-owned plant in Calif. after GM pullout Aug 28, 2009

    Having lost joint-venture partner General Motors Co. (GM) to bankruptcy protection earlier in the year, Toyota Motor Corp. (TMC) will cease production at its formerly dual-owned vehicle assembly plant in Fremont, Calif., by March 31.

  • WHX swings to loss on global downturn Aug 21, 2009

    WHX Corp. has continued to suffer under the impact of the global recession, slipping to a net loss of $4.1 million in the second quarter vs. net income of $5.3 million in the same period last year on sales that fell 28.2 percent to $141.4 million.

  • Bombardier cancels jet order Aug 21, 2009

    Bombardier Inc. has been forced to cancel its purchase order agreement with insolvent private jet company Jet Republic. The cancellation will affect an order for 25 Learjet 60 XR aircraft and the option for an additional 85 jets.

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