Victaulic to Add Manufacturing Space in Pennsylvania
Victaulic, a manufacturer of mechanical pipe joining solutions, has unveiled a plan to build an additional state-of-the-art manufacturing center in Lehigh Valley, Pennsylvania. The 400,000 square foot facility is the result of increased domestic demand for the company’s products. The facility is expected to break ground later this year and be fully operational in 2019. “This new facility will play an important role in meeting increased customer demand, while also producing the highest quality products in the industry -- something our customers have come to expect from us since our first innovation nearly 100 years ago,” said John F. Malloy, CEO of Victaulic.
Parker Hannifin Launches Rapid Service Unit
Motion and control technologies company Parker Hannifin announced the introduction of its new rapid service unit as a part of the existing custom manufacturing operation. According to the company, the rapid service unit can turn certain orders for critical fittings, hose-tube combinations and other custom pieces in the same day they are received. Parker’s custom manufacturing operation was created to provide customers with a source for critical pieces, custom prototypes or uncommon sized parts in one-piece or short-run productions. Parker’s custom manufacturing operation specializes in making custom and non-standard parts in uncommon sizes…
Daewoo To Invest In Joint Manufacturing Operation
South Korea's Daewoo Heavy Industries Co. will invest $4.5 million in a joint ship engine manufacturing operation between state-run Hanjung and Samsung Heavy Industries Co., the Ministry of Commerce, Industries and Energy said. The ministry said Daewoo Heavy will hold a 17 percent stake through its investment in the newly named HSD Engine Co. Hanjung will hold a majority 51 percent stake, and Samsung Heavy 32 percent. Hanjung and Samsung will also pay $11 million and $6.8 million, respectively along with Daewoo's investment to raise HSD's equity capital to $26.8 million from the current $4.5 million. The ministry said most of the new capital would go to facility investment and the rest to research and development.
Trinity Announces Proposed Private Offering
Trinity Industries, Inc. has announced that it is proposing to make, subject to market and other conditions, an offering of up to $300 million aggregate principal amount of senior notes due 2014 in a private offering. Trinity intends to apply the net proceeds of the offering to repay indebtedness outstanding under its existing credit facility and for general corporate purposes, including, among others, to make capital expenditures in strategic manufacturing facilities and fund working capital requirements of its railcar manufacturing operations.
Textron Choose IBASEt Manufacturing Software
iBASEt, developers of Solumina’s Product Lifecycle Execution (PLE) software suite say that Textron Systems operating unit Textron Marine & Land Systems, has selected Solumina’s Manufacturing Execution System (MES) to streamline manufacturing operations for its work on the U.S. Navy’s Ship to Shore Connector (SSC) air cushion vehicle. IBASEt inform that the SSC is the evolutionary replacement for the Navy’s existing fleet of Landing Craft, Air Cushioned (LCAC) vehicles, which are nearing the end of their service life. Since Solumina captures all the manufacturing data during the entire product’s manufacturing lifecycle, detailed manufacturing intelligence is easily accessible through dashboards, graphs and reports at the click of a button.
DSM Gets Favorable Judgment in Trademark Lawsuit
The United States District Court for the Northern District of Texas concluded a judgment for patent and trademark infringement and related claims against Armor , on April 22, 2008. The judgment relates to DSM’s super strong polyethylene fiber Dyneema. With this judgment DSM was able to stop Armor from selling infringing products comprising polyethylene fiber on the market Armor is a based company with manufacturing operations in . DSM is a global life sciences and material sciences company with its headquarter based in the .
Duramax Marine Establishes New Facility
Duramax Marine has opened its new plant in Hiram, Ohio, located approximately 40 miles south east of Cleveland. Consisting of approximately 65,000 sq. ft. of factory and office space, the facility will streamline the company's manufacturing operations by consolidating production and administration into one centralized location.
Artificial Lift Relocates to Houston
Artificial Lift Company has moved its headquarters to Houston from Great Yarmouth, United Kingdom, the company’s president and chief executive officer, David Malone, announced. Situated in the Westchase District near the Energy Corridor, the Artificial Lift’s offices and warehouse total 28,000 square feet with 40 employees based at the location. While supporting global operations, its headquarters consist of engineering, manufacturing, operations and general support services.
ESAB’s Florence Hub Undergoes Restructuring
ESAB Welding & Cutting Products has announced a restructuring of its Florence, SC manufacturing operations. By the end of 2009, the manufacture of gantry cutting machines, arc equipment and plasma power supplies will be transitioned to other global factories. The company’s North American headquarters in Florence will remain the hub of the company’s plasma cutting technology business; ESAB will continue to research and develop plasma processes, produce plasma systems, and manufacture torches and consumables. In addition, the Florence facility will continue to manufacture and sell Steel Industry Products, gas apparatus equipment and consumables.
Technicold Facility Expansion
Technicold by Northern Lights announced its expansion to a larger facility. In late 2009, Technicold will move into an expanded, better-equipped location in the greater Fort Lauderdale, Fla. area. Technicold’s steady growth and current market positioning require more space for manufacturing of air conditioning, refrigeration and electrical load management products. The new facility will house Technicold’s corporate headquarters as well as on-site sales, engineering and manufacturing operations. Technicold offers a line of chilled water air conditioning systems, from 24,000 to 180,000 BTU. Technicold also manufactures chilled water air handlers, direct expansion systems, sea water refrigeration systems and automatic load banks, exclusively for the marine market.
Opening of Newport News Plant Delayed
According to an August 19 report from www.dailypress.com, AREVA Newport News has delayed the start of manufacturing operations by at least a year due to a slower-than-expected process of federal government approval of new nuclear power plants. The yet-to-be-built facility in the north end of Northrop Grumman Corp.'s Newport News shipyard will not begin manufacturing components for nuclear power plants until at least 2013. The French nuclear company, in a partnership with Northrop Grumman Shipbuilding, had planned to begin manufacturing in the planned 330,000-square-foot building in January 2012, a project that officials said would create 540 jobs. (Source: www.dailypress.com)
ACL Dedicates New Shipyard Facility
American Commercial Lines Inc. announced the dedication of a new enclosed manufacturing facility at its shipyard in Jeffersonville, IN. Associates of Jeffboat and American Commercial Lines participated in a ribbon cutting ceremony to dedicate the new facility. The new building covers the assembly line that is currently producing dry cargo barges. Jerry Linzey, Senior Vice President and Chief Operating Officer stated, "The new facility is a significant part of a $10 million capital investment we are making to improve the working environment for our people. The facility dedicated today represents our commitment to creating a safer and more efficient work place. This capital investment substantially reduces the negative impact weather has on our manufacturing operations.
Rowan 3Q Operating Results
For the three months ended September 30, 2008, Rowan Companies, Inc. (NYSE: RDC) generated net income of $114.1m or $1.00 per share, compared to $130.8m or $1.16 per share in the third quarter of 2007 and $120.6m or $1.06 per share in the second quarter of 2008. Revenues were $527.1m in the third quarter of 2008, compared to $502.2m in the third quarter of 2007 and $587.1m in the second quarter of 2008. The third quarter 2008 results included $21.4m, or $0.12 per share, of gains on asset sales, compared to $1.1m, or less than $0.01 per share, in the third quarter of 2007 and $1.5m, or $0.01 per share, in the second quarter of 2008. Rowan's offshore rig utilization was 95% during the third quarter of 2008…
Rowan Announces Record Quarterly Results
For the three months ended September 30, 2007, Rowan Companies, Inc. (NYSE:RDC) generated record net income of $130.8m, or $1.16 per share, compared to $87.0m, or 78 cents per share, in the third quarter of 2006 and $128.1m, or $1.14 per share, in the second quarter of 2007. Revenues were $502.2m in the third quarter of 2007, compared to $417.1m in the third quarter of 2006 and $507.0 million in the second quarter of 2007. The third quarter 2007 results included $1.1m, or 1 cent per share, of gains on asset sales, compared to $2.3m, or 2 cents per share, in the third quarter of 2006 and $14.6m, or 8 cents per share, in the second quarter of 2007.
Daewoo Heavy May Join Engine Joint Venture
Daewoo Heavy Industries Co. has reportedly expressed willingness to join Korea Heavy Industries and Construction Corp. in a planned ship engine joint venture. Executives from Daewoo, Korea Heavy and Samsung Heavy Industries Co. are to meet Dec. 4 to discuss Daewoo's proposal to join the venture. Korea Heavy and Samsung have agreed to set up a 60-40 joint venture that will take over ship engine manufacturing operations of the two companies starting on Jan. 1. Daewoo Heavy officials confirmed it had expressed its intention to join the venture, but did not give more information.
DOE Appoints Cast as VP of Sales and Marketing
Deep Ocean Engineering Inc. (DOE) appointed Kenneth Cast as Vice President of Sales and Marketing. Cast, a veteran of the international offshore industry for over 25 years, brings a track record to DOE in all aspects of underwater vehicle systems, both manned and un-manned. His extensive experience in manufacturing, operations, product design, marketing and sales of ROV systems will direct the company’s future growth and development to meet customer demands. Cast’s primary responsibilities include promotion of Deep Ocean’s products and services to open new international markets, including directing the development of a new class of ROV for severe operating environments using Deep Ocean’s 20-years of experience and innovative engineering capabilities.
Trelleborg Debuts New Dredging Hose in China
Trelleborg’s engineered products operation is now manufacturing a pre-bend rubber dredging hose in China – the only one of its kind available in the country, according to the manufacturer. Currently exclusive to Trelleborg’s Chinese manufacturing operation, all of Trelleborg’s pre-bend rubber dredging hoses manufactured in China will be reinforced with armored rings, thereby strengthening the hose and extending its use-life. Eddy Chen, Head of Asia Infrastructure Sales for Trelleborg’s engineered products operations…
Climax Portable Machine Tools Expands Facilities
Climax Portable Machine Tools, Inc., announced the expansion of its two headquarter facilities in Oregon and Düren, Germany. At its worldwide headquarters in Newberg, the company broke ground on an expanded facility that will house assembly and rental equipment operations as well as double its training capacity. Climax also announced the official opening of its new European headquarters facility in Germany, where building and construction began last year. To commemorate this significant global expansion, Geoff Gilmore, president and CEO of Climax Portable Machine Tools, Inc., Congressman David Wu (D-OR), and Tom Fox, business development officer for the Oregon Economic Development Department, held a groundbreaking ceremony for the new 14,000-sq.ft.
Darley Acquires Fireboy, Inc
W.S. Darley & Co. informs it has purchased the assets of Fireboy, Xintex and Aetna Engineering based in Grand Rapids, Mich., forming the new company Fireboy-Xintex, LLC. W.S. Darley & Co., headquartered in Itasca, Ill., has served the world’s fire and emergency services industry since 1908. The company has manufacturing, engineering and research and development operations are in Chippewa Falls, Wisc. and Janesville, Iowa. Founded in 1973, Fireboy is a developer of marine pre-engineered and custom engineered fire safety and suppression equipment.
AMI Wins $3.5 Million Defense Contract
Auburn Manufacturing, Inc. (AMI) has won a multiyear contract to supply over 200,000 yards of AMI-SIL fabric to the Puget Sound Naval Shipyard (NSY) in Bremerton, Washington, for use in hot work operations during ship repair. The contract, which could total as much as $3.5 million over the next five years, "reflects the continued confidence the Department of Defense has in our products," said Kathie Leonard, AMI's President and CEO. "We've been supplying hot work safety fabrics to the Navy for over twenty years under various contracts, and are now well over 1.5 million yards. Keeping its U.S.
Aker Kvaerner Celebrates Subsea Engineering and Manufacturing Center
Aker Kvaerner will officially celebrate the expansion and state-of-the-art upgrade of its integrated subsea engineering and manufacturing facilities in Tranby, Norway on May 10. Aker Kvaerner invested NOK 65 million in 2006 and 2007 to develop the manufacturing operation into the world's most efficient subsea christmas tree manufacturing facility. Work on the facility has now been completed, just 12 months after Aker Kvaerner announced the investment. The new streamlined operations will increase Aker Kvaerner's ability to respond to customer needs with reduced lead times and more rapid execution. Aker Kvaerner Subsea has another two facilities coming on line this year.
Brunswick Expanding Its Boat Building Facility
Brunswick Commercial & Government Products (BCGP) has officially broken ground on a facility expansion at the company's Edgewater, Fla. headquarters. The addition includes a new large-boat building with added manufacturing space and other facility improvements. The new 10,500-square-foot facility will be located on the east side of the commercial boats manufacturing campus and will increase the company's manufacturing capacity by 50 percent. "Today, by breaking ground on the BCGP facility expansion, we are greatly increasing our capabilities," said Boston Whaler Group President Nick Stickler.
Roanwell Enters Marine Market: Acquires Bees Manufacturing
US-based Roanwell Corp. purchases Bees Manufacturing LLC gains entry to marine market. Roanwell, a maker of rugged communications equipment and contract manufacturer of high precision close tolerance machined parts, will be able to enter the marine marketplace through the acquisition. Bees Manufacturing, LLC, ("Bees"), est. 1929, of Weymouth, MA, is a contract manufacturer of various alloy and plastic precision machined components for OEMs in the deep sea marine, medical, and industrial markets. Bees manufacturing operations will merge into Roanwell Corporation's Absolute Manufacturing Division, located in Pepperell, MA. The name "Bees" will be discontinued as products will be shipped under the Absolute Manufacturing name.