Chrysler Outlines $843 Million Investment at Kokomo2010-11-25 Author: American Machinist Magazine staff From: American Machinist Magazine Chrysler Group LLC has indicated it is eyeing an $843-million invest program at its plants in Kokomo, Ind., to produce a new front-wheel drive automatic transmission. The investment figure would be in addition to capital programs announced earlier this year for the Kokomo Casting Plant and Indiana T Hyperlink to Original Source
Lockheed Martin Wins $3.5-Billion Order for F-35s2010-11-24 Author: American Machinist Magazine staff From: American Machinist Magazine Lockheed Martin reports it has a new defense contract worth $3.5 billion covering 31 modified F-35 Lightning II stealth fighter jets. It represents the fourth lot of a low-rate initial production (LRIP) series, and the contract also funds manufacturing-support equipment, flight test instrumentation Hyperlink to Original Source
Caterpillar Building $300-Million Engine Plant in China2010-11-23 Author: American Machinist Magazine staff From: American Machinist Magazine Caterpillar Inc. will build a new manufacturing operation in Tianjin, China, to produce its 3500 series engines, a line of large engines that drive a wide range of Cat heavy industrial machines used in oil-and-gas, marine, and electric power sectors. Once operational in 2013, the Tianjin plant will Hyperlink to Original Source
American Axle Forecasts $850 Million in New Orders2010-11-22 Author: American Machinist Magazine staff From: American Machinist Magazine American Axle & Manufacturing is forecasting annual sales of $850 million based on orders for new and incremental business it plans to launch between 2011 and 2013. The Detroit-based designer and manufacturer of driveline and drivetrain systems indicated the outlook represents new business that woul Hyperlink to Original Source
Rolls Royce Naval Marine Foundry Adds Ladle 2010-11-20 Author: Modern Casting Magazine Staff From: Modern Casting Magazine The Rolls Royce Naval Marine Foundry, Pascagoula, Miss., recently purchased a 50-ton capacity ladle to assist in the pouring of nickel-aluminum bronze propellers. The ladle, provided by Acetarc Engineering, Keighley, U.K., Hyperlink to Original Source
Merger for Aerospace Forging, Casting Producers2010-11-19 Author: American Machinist Magazine staff From: American Machinist Magazine Specialty metals giant Allegheny Technologies Inc. will buy forging and investment casting group Ladish Co. Inc. following a “definitive merger agreement.” The deal values Milwaukee-based Ladish at $778 million, with will be paid in a combination of cash and ATI common stock, pending acceptance by L Hyperlink to Original Source
Metals Service Center Shipments Fall in October 2010-11-18 Author: American Machinist Magazine staff From: American Machinist Magazine Shipments of steel and aluminum from North America’s metals service center declined from September to October, though the tonnages continue to hold up against the dramatic low rates of 2009. U.S. and Canadian centers’ deliveries of steel dropped more than 4%, and Canadian centers’ aluminum shipments Hyperlink to Original Source
Dutch Metalcaster Drunen Re-Launched by Buyer 2010-11-17 Author: Modern Casting Magazine Staff From: Modern Casting Magazine Metalcasting company Gieterij Drunen BV, Drunen, The Netherlands, was purchased in mid-October and re-launched by the buyer in November. According to a company official, the metalcasting facility was purchased by Wärtsilä Netherlands BV together with local government and a group of investors. Hyperlink to Original Source
Caterpillar Takes Over Bucyrus for $8.6 Billion 2010-11-16 Author: American Machinist Magazine staff From: American Machinist Magazine Caterpillar Inc. and Bucyrus International Inc. have agreed that Caterpillar will acquire Milwaukee-based Bucyrus in a deal valued at $8.6 billion, including $7.6 billion in cash and debt. The takeover gives Caterpillar a boost in its offerings to the mining equipment sector, including shovels, drag Hyperlink to Original Source
Whitney Tool Co. Buys Cogsdill Enterprises2010-11-11 Author: American Machinist Magazine staff From: American Machinist Magazine Whitney Tool Co. recently reported it has acquired Cogsdill Enterprises, Walled Lake, Mich., consolidating two industrial cutting tool suppliers. The value of the purchase has not been announced. “Both companies enjoy long-term reputations for excellent quality and customer service,” Whitney Tool st Hyperlink to Original Source
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