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September 26, 2021

factories

GLOBAL ECONOMY Resilient factories battling with delays, rising costs

Reuters
Material shortages, supply disruption add to strains from pandemic European factory growth slowed from peak in July Japan, S. Korea factory activity grows, input prices up China’s Caixin PMI fell sharply in July LONDON/TOKYO, Aug 2 (Reuters) – Factories across the world are suffering from supply bottlenecks which sent prices......

Space start-up Varda, founded by SpaceX and Founders Fund veterans, aims to build factories in orbit

CNBC
CNBC – For more and to sign up click here Varda co-founders Delian Asparouhov, left, and Will Bruey. Varda Space Industries Varda Space Industries, a start-up founded less than a year ago by a pair with experience at Elon Musk’s SpaceX and Peter Thiel’s Founders Fund, has now raised more......

Golf equipment makers look to buy more factories overseas to meet increased demand, PGA store CEO says

CNBC
CNBC – For more and to sign up click here The golf industry is seeing a surge in demand during the pandemic, with PGA Tour Superstore reporting a 55% increase in overall year-to-date sales compared with 2019. Demand is so high that suppliers are struggling to keep up, Dick Sullivan, CEO......

Virus outbreaks at Thai factories threaten export sector, recovery

Reuters
A series of coronavirus outbreaks in Thai factories is raising concerns that the export sector could be hit hard, threatening to further undermine an economy as it struggles to recover from the pandemic’s crippling blow to the crucial tourism industry. The virus has swept through over 130 factories, including those......

Toyota aims to make its factories carbon neutral by 2035, says exec

Reuters
The Toyota logo is seen on a Corolla model at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Denis Balibouse/File Photo Toyota Motor Corp (7203.T) will aim to make all its global factories carbon neutral by 2035, a senior executive said on Friday, pulling forward the......

Chinese factories worried about profits face a record gap between rising production costs and selling prices

CNBC
CNBC – For more and to sign up click here Employees work at a factory producing trucks in Zhangjiakou in China’s northern Hebei province on June 9, 2021. STR | AFP | Getty Images BEIJING — Chinese factories are facing the largest gap on record between the speed at which......

Why Intel and TSMC are building water-dependent chip factories in one of the driest U.S. states

CNBC
CNBC – For more and to sign up click here Electric vehicle being driven through Arizona desert The biggest semiconductor manufacturers in the world are quickly trying to build new factories as the global chip crisis continues to wreak havoc on a plethora of industries. U.S. semiconductor giant Intel announced......

BMW says China car factories to reach carbon neutrality this year

Reuters
A logo of German luxury carmaker BMW, is seen ahead of the company’s annual news conference in Munich, Germany, March 20, 2019. REUTERS/Michael Dalder German luxury automaker BMW (BMWG.DE) said on Thursday its factories in China plan to reach carbon emissions neutrality by the end of this year, while its......

Complaint Accuses Mexican Factories of Labor Abuses, Testing New Trade Pact

New York Times
WASHINGTON — The A.F.L.-C.I.O. and other groups plan on Monday to file a complaint with the Biden administration over claims of labor violations at a group of auto parts factories in Mexico, a move that will pose an early test of the new North American trade deal and its labor......

EXCLUSIVE Lilly hit by staff accusations, FDA scrutiny at COVID drug factories

Reuters
File photo: An Eli Lilly and Company pharmaceutical manufacturing plant is pictured at 50 ImClone Drive in Branchburg, New Jersey, March 5, 2021. REUTERS/Mike Segar Eli Lilly & Co (LLY.N) employees have accused a factory executive of altering documents required by government regulators in an effort to downplay serious quality......

Intel to Spend $20 Billion on 2 New Chip Factories in Arizona.

New York Times
Intel’s new chief executive is doubling down on chip manufacturing in the United States and Europe, a surprise bet that could please government officials worried about component shortages and dependence on factories in Asia. Patrick Gelsinger, who took the top job in February, said on Tuesday that he planned to......

Intel plans to spend $20 billion on two new chip factories in Arizona.

New York Times
Intel’s new chief executive is doubling down on chip manufacturing in the United States and Europe, a surprise bet that could please government officials worried about component shortages and dependence on factories in Asia. Patrick Gelsinger, who took the top job in February, said on Tuesday that he planned to......

Lagging vaccination rate puts Canadian factories at competitive disadvantage

Reuters
By Allison Lampert, Julie Gordon (Reuters) – Canadian automation company Promation had been banking on a weaker currency to help it win a new U.S. contract, but a slower pace of vaccinations in Canada could erase that competitive edge, President Darryl Spector said. Darryl Spector President at Promation, a robotics......

Manchin, Stabenow push $8B tax credit to bring factories for former coal sites

Politico
Politico.com – For more and to sign up click here The politics: Drawing Republican support is likely to be crucial for the bill, and Daines’ support could help its chance. “This bipartisan bill will support jobs and increase investment in coal and other energy producing communities in Montana to ensure......

Cramer calls on U.S. to build factories to address chip shortage, unemployment

CNBC
CNBC – For more and to sign up click here CNBC’s Jim Cramer said Wednesday that the United States should fund the development of a chipmaking compound in efforts to address both the nation’s high unemployment rate and a chip shortage that’s affecting American businesses. More and more companies, including......

German factories gloomier about production in coming months: Ifo

Reuters
FILE PHOTO: The production plant for the new Mercedes-Benz S-Class is pictured at Daimler factory in Sindelfingen near Stuttgart, Germany, September 2, 2020. REUTERS/Ralph Orlowski BERLIN (Reuters) – Production expectations for Europe’s largest economy have deteriorated for the coming months, Germany’s Ifo institute said on Monday, with consumer-orientated industries in......

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