World No. 2 iron ore miner Rio Tinto Ltd/Plc is restarting its iron ore mines in western Australia after a two-week closure to cut production by about 10 percent due to lower demand from steel mills in China.
India's Tata group may have to pump in at least $1 billion (674,000 pounds) to revive premium brands Jaguar Land Rover that was bought by Tata Motors earlier this year, the Economic Times reported on Tuesday.
The U.S. Navy on Monday awarded a $14 billion (9.4 billion pound) contract to General Dynamics Corp and Northrop Grumman Corp for eight Virginia-class submarines, saying it had met a "nearly impossible" target of cutting the cost of each ship by $400 million.
Several U.S. manufacturers added their names to the growing list of companies making job or benefit cuts to weather the global financial crisis.
(Reuters) - Aerospace and defence industry supplier Esterline Technologies Corp said it will buy UK-based Racal Acoustics for about 115 million pounds to enhance its combat troop support equipment capability.
NAGOYA, Toyota forecast a first-ever annual operating loss, blaming a relentless sales slide and a crippling rise in the yen in what it said was an emergency unprecedented in its 70-year history.
One water’s Duncan Goose is in the spotlight this month as Exec looks at the phenomenon of social entrepreneurship, which is replacing the cut and thrust of Nineties’ business ethos as the way forward.
Duncan Frazer, Managing Director of Frazer and Tabberer, number 23 on in this year’s Fast Track 100, explains what the future holds for the company
Following a major reorganisation, business units in the UK, Finland, Australia, USA and China amalgamate into protection equipment specialist, Scott Health and Safety.
Entrepreneur Gamil Magal explains to Manufacturing Exec how the Magal Engineering Group has become a driving force in the automotive industry.
SMD expands its subsea expertise offering turnkey solutions for all trenching and Work Class ROVrequirements, Soil Machine Dynamics has an increasingly diverse portfolio of products.
06 January 2009 05:13