11302020Mon
Last updateWed, 25 Nov 2020 4pm

China’s New Formula: Manufacturers Begin to Move Beyond Low Cost

At a sprawling plant in Nanjing, engineers working for BASF are finalising ambitious plans. The site – a joint venture between the German chemicals manufacturer and Sinopec, the Chinese energy group – is set to receive $900m in investment, a scheme intended to boost output by 25% over the next three years

Source: Financial Times

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Industry Uses Simulation for Gained Efficiency, Increased Production to Meet Regulation, Oversight, Economic Conditions

Soaring energy prices, global competition, and shortages of skilled labor is resulting in greater pressure on process plants.

MYNAH Technologies is working closely with partners like Emerson Process Management, Schneider Electric, and others to solve these problems by making third-generation simulation a part of every plant automation project.

Source: MYNAH Technologies

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Op-Ed: U.S. Still a Manufacturing Super Power

Bloggers from the left and the right are attacking both of the likely presidential candidates, Sens. John McCain (R-AZ) and Barack Obama (D-IL), for their complacency in the face of American "deindustrialization."

The anger is fueled, in part, by the absurd expansion of "Wall Street" over the past decade – the investment banks and hedge funds that have pulled down mega-profits by pumping up the credit bubble, now gooily imploding all around us.

Source: Charles R. Morris

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U.S. Economy: Manufacturing Weak as Expansion Falters

The slump in U.S. manufacturing deepened while the economy skirted recession, reports showed.

Industrial production declined 0.7 percent in April, the Federal Reserve said in Washington, more than twice the drop forecast by economists.

Source: Bloomberg

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Spirax-Sarco Says Trading Remains Good

Valves and steam trap maker Spirax-Sarco Engineering said trading so far this year confirms its expectations that it will produce another good performance in 2008.

The group however cautioned about the uncertainty over the resilience of the global economy, mainly North America.

Source: Share Cast

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