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July Manufacturing Employment Fell By 20,000
The manufacturing sector of the U.S. economy, after adding 15,000 jobs in June, likely lost 20,000 jobs in July, says Merrill Lynch & Co., New York, in advance of August 4’s U.S. Labor Department report on employment. Read
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Industry Sound, But Growing Less Rapidly
Harry Moser, president of Agie Charmilles Corp., says the U.S. economy is clearly reacting to high interest rates and oil prices. Tooling (molds, stamping dies and extrusion dies) appears to be holding up better than production, and if the recent weakening of the U.S. dollar continues and the Federal Reserve does not attempt to strengthen the dollar with higher interest rates, long-term manufacturing growth is likely. Read
more
Sealy To Locate Latex Manufacturing Facility In Pennsylvania
The company will receive a $307,000 incentive package from the Pennsylvania Department of Community and Economic Development. Read
more
Since You're So Smart... Enter UPS' Small Business Contest
UPS is looking for entries in its annual Small Business Contest, the best "out-of-the-box" enterprises of 2006. The 2005 winners included Designs By Lucinda of Portland, Maine, a business that creates handcrafted jewelry pins for non-profit causes; ColorLab Custom Cosmetics of Rockford, Ill., a custom-blend cosmetics firm, and INCHworm Shoes of Boston, a maker of children's shoes that "grow" as the kids grow. Read
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Join
the discussion in the IndustryWeek Forums -- covering the latest in manufacturing. The forum is open!
Readers Discuss -- The Low U.S. Savings Rate
"Clearly the low interest rates paid on traditional saving accounts has been a disincentive to save, as money in the bank in a passbook or short term CD account barely keeps pace with inflation if not actually losing value."
Read more.
Readers Discuss -- What Declining Trade Show Attendance Means
"We got out of the trade show business about 5 years ago because there simply was no noticeable return on the money spent. In years past at IMTS and Assy Tech we literally got hundreds of leads. In the last few years of show participation it was counted in the small dozens."
Discuss your recent trade show experiences.
Reader Discuss The Fairness Of India's Manufacturing Push
"Maybe I am out of line here but I say that they need to work there way up to the top and not be handed manufacturing on a silver platter. The way to come out ahead (as I see it) is make just as good a product if not better at a comparable price and go after the customer. "
Read more.
Participate in this and other discussions at forums.industryweek.com.
| Webcast Featuring Formula One's Team McLaren |
Answering The Need For Speed, On And Off The Track
To keep up with rapid industry changes, companies need to adapt quickly to the demands of the marketplace. Just ask Mercedes-Benz High Performance Engines Ltd., the engine supplier for Team McLaren Mercedes. On August 16, learn how they keep tabs on the life-cycle status of each engine’s 5,000+ components -- which helps them reduce inventory costs, increase output from engineering and operations, and streamline processes.
30 randomly-selected individuals who attend the entire Webcast will receive an official replica McLaren Formula One model car. Click here to register now.
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