From managing complex supply chains to executing cost savings improvements, the manufacturing industry must keep a keen eye on the efficiency of their processes in order to be successful. But there is a worrisome trend in the industry: the over-reliance on purchase orders.
The Chemical Activity Barometer continued to see an easing of growth this month, with a 0.1 percent gain over August as measured on a three-month moving average.
World petroleum and other liquid fuels consumption will increase 38% by 2040, spurred by increased demand in the developing Asia and Middle East, according to projections in International Energy Outlook 2014 (IEO2014), released by the U.S. Energy Information Administration (EIA).
Worries about the outlook for growth in China and a slide in the price of oil pushed the stock market to its biggest loss in almost seven weeks Monday.
The Procter & Gamble Co. is selling its Iams and Eukanuba brands in Europe to Spectrum Brands, shedding the remaining parts of its pet care business.
The Michigan attorney general announced Monday he has filed a lawsuit against a propane seller alleging price-gouging last winter, and also noted the state has reached a more than $100,000 agreement with another propane company following hundreds of consumer complaints about pricing and delivery.
The accelerating momentum in plastics machinery demand that emerged in the second half of 2013 was sustained through the first half of this year, according to statistics compiled and reported by the Committee on Equipment Statistics (CES) of SPI: The Plastics Industry Trade Association.
According to the American Chemistry Council (ACC), the U.S. Chemical Production Regional Index (U.S. CPRI) continued to expand, rising by 0.5 percent in August on the heels of a 0.4 percent gain in July.
The effort to truck North Slope natural gas to the Fairbanks area for home heating and electricity generation is closer to fruition.
German drug company Merck says it has agreed to buy St. Louis-based chemical firm Sigma-Aldrich Corp. for $17 billion in a deal Merck says will strengthen its business in chemicals and laboratory equipment.
Manufacturers are always looking to push themselves and their machines harder to boost output and improve productivity. Four of the best areas to look at for improvements to output are the materials used, the incentives used to drive up numbers, the workers outside of the factory walls, and anyone with something to share.
Callon Petroleum Co. has raised $122 million from a stock sale, with plans to use the proceeds to pay for new oil and gas properties it plans to buy in the Permian Basin of west Texas.
Shell Oil Co. and Motiva Enterprises LLC, which markets Shell gasoline and other products, have agreed to pay $4,470,764 in overtime back wages to 2,677 current and former chemical and refinery employees as a result of investigations by the U.S. Department of Labor that found violations of the Fair Labor Standards Act.
The U.S. current account trade deficit narrowed slightly in the April-June quarter, reflecting gains in exports of oil and civilian aircraft and a bigger surplus in Americans' overseas investment earnings.
Activist investor Nelson Peltz's Trian Fund Management LP wants DuPont to separate its business into two companies in an effort to boost shareholder value and improve its financial performance.
Cargill will close its corn milling plant in Memphis, Tennessee early next year, citing its location outside of the corn belt and under utilization.
Road construction costs north of the Alaska Range have increased because of the higher cost of asphalt, a consequence predicted when the North Pole refinery stopped producing asphalt oil in June.
The operator of the long-delayed Keystone XL crude oil pipeline has formally asked South Dakota's utility regulators to recertify the portion of the project that runs through the state.
Duke Energy plans to invest $500 million in solar power to meet North Carolina's requirement that more of its electricity come from renewable energy.
A measure of prices that producers receive for their goods and services was unchanged in August, the latest sign that inflation is in check.
If your company manufactures machinery that has potential hazards associated with its transportation, installation, use, maintenance and/or disposal, you most likely have a strong need to create effective product safety labels. And the stakes are too high for the job to be done incorrectly – people’s lives and your company’s financial well-being are on the line.
Steel company Nucor is buying Gallatin Steel Co. for about $770 million, which will expand Nucor's footprint in the Midwest.
U.S. manufacturing output declined in August for the first time in seven months, reflecting a sharp fall in production at auto plants.
Do manufacturing jobs "belong" on-shore? Is off-shoring or outsourcing inherently bad? Both questions are based on an erroneous assumption that effective trade creates winners and losers. A job producing something in Vietnam does not equate to one fewer job here in the US. It does not have to be a zero sum game. Experience has shown that a properly executed strategy can and should create winners on both sides.
The increase in oil exploration activities, investments in new refineries, and modernization of existing facilities will spur the uptake of valves and actuators, particularly in emerging markets.