HK Manufacturing Continued To Expand In January
HONG KONG (Dow Jones)–Hong Kong’s manufacturing activity continued to expand in January, largely driven by new orders from mainland China, while the local private sector also continued to increase capacity, HSBC Holdings PLC said Wednesday.
The HSBC Hong Kong Purchasing Managers Index rose to 55.8 in January from 55.2 in December, a notch below November’s two-year [...]
US manufacturing figures ‘may boost hedge fund interest’
Economic activity in the US manufacturing sector has expanded for the sixth month in a row, with apparel reporting the fastest growth.
The Manufacturing ISM Report on Business, which was compiled by the Supply Management Manufacturing Business Survey Committee’s Norbert Ore, suggests that leather and allied products, textile mills and machinery are also key areas that [...]
Kraft to boost UK manufacturing jobs — Mandelson
LONDON, Feb 2 (Reuters) – Kraft Foods Inc (KFT.N) has not committed to running Cadbury Plc (CBRY.L) from Britain, but expects to boost manufacturing in the country, British Business Secretary Peter Mandelson said on Tuesday.
Kraft made a 11.7 billion pound ($18.6 billion) takeover bid for Cadbury and won control on Tuesday after 71.73 percent of [...]
Manufacturing bounces back with fastest growth since 1994
Hopes were raised for economic recovery yesterday as figures showed the manufacturing sector grew at its fastest pace for 15 years last month.
The surge in new orders and jobs meant the sector recorded record growth as it was confirmed that Britain had finally limped out of recession.
Many economists had warned there would be a slight [...]
Questions Grow on Japanese Manufacturing Quality
Toyota Motor Corp.’s massive recall comes at a time when Japanese manufacturers across the board, known for their attention to detail and craftsmanship, are facing a sharp spike in customer complaints, accident reports and product recalls at home.
The number of incidents rose dramatically after the introduction of a new law in 2007 requiring Japanese companies [...]
Pepsi’s USD 200 mn investment in India for manufacturing, agriculture
Global food and beverages giant PepsiCo will invest 200 million dollars in India in enhancing manufacturing, products and agricultural activities to increase its footprint in the country.
“… investing in products, manufacturing plants, agriculture,” PepsiCo Chairman and CEO Indra Nooyi told news channel NDTV when asked about details of the company’s planned investment of 200 million [...]
Torrid times for Toyota as UK jobs threatened
Workers at Toyota’s British plants are facing the threat of losing their job or moving to part-time working after the world’s biggest car maker revealed it will not have enough work for them from this summer.
Toyota employs 4,000 staff in the UK, 3,500 at a manufacturing base in [...]
Chipmaker TSMC says profit more than doubles
TAIPEI, Taiwan
Taiwan Semiconductor Manufacturing Co., the world’s largest contract chipmaker, said Thursday its fourth quarter profit more than doubled after a rebound in global demand for computers.
Net income for October-December surged 162 percent from a year earlier to 32.67 billion New Taiwan dollars ($1 billion) on revenue of NT$92 billion ($2.9 billion), TSMC said.
Fourth quarter [...]
Solar brings jobs to Arizona
As solar companies set up manufacturing facilities in Arizona, Clean Energy Pioneers says there are now job and revenue opportunities in the Arizonan solar industry.
Amonix announced a solar manufacturing facility in Arizona creating 167 jobs this month; Tempe-based First Solar had earnings of US$1.4 billion in the first 9 months of 2009; and Suntech Power [...]
Manufacturing workers face axe in Belfast
More than 350 workers are facing the axe at two manufacturing plants in the Belfast area, it has been revealed.
Around 210 workers at the Hughes Christensen drill-bit factory are being made redundant while union bosses claim 140 staff at Nortel telecoms in Monkstown are set to be laid off.
The predicted job losses in Nortel’s enterprise [...]
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- HK Manufacturing Continued To Expand In January
- US manufacturing figures ‘may boost hedge fund interest’
- Kraft to boost UK manufacturing jobs — Mandelson
- Manufacturing bounces back with fastest growth since 1994
- Questions Grow on Japanese Manufacturing Quality
- Pepsi’s USD 200 mn investment in India for manufacturing, agriculture
- Torrid times for Toyota as UK jobs threatened
- Chipmaker TSMC says profit more than doubles
- Solar brings jobs to Arizona
- Manufacturing workers face axe in Belfast
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