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Grant to fund Illinois manufacturing network, create jobs

July 8, 2005

Congressman Don Manzullo (R-IL) has announced that the U.S. Department of Commerce has awarded a $175,000 grant to the Manufacturing Alliance of the Rock River Valley (MARRV) to help the new...

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Worker confidence rises

July 6, 2005

Confidence among U.S. workers rebounded in June as the Hudson Employment Index gained three points, from 99.9 to 103.0. This is the highest reading since January's 107.0 Index, but well below the...

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June job cuts highest since January 2004

July 6, 2005

U.S. companies planned the highest number of layoffs in June since January 2004, according to a report released today by the employment consulting firm Challenger, Gray & Christmas.Employers announced...

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Timken completes Linear Motion Systems sale

June 30, 2005

The Timken Company announced today that it has completed the sale of its Linear Motion Systems (LMS) division—Timken S.p.A in Milan, Italy and Timken Deutschland GmbH in Stuttgart,...

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Aluminum industry to match Habitat recycling proceeds

June 30, 2005

The Aluminum Association-sponsored Cans for Habitat program has announced a month-long Recycling Double Play promotion so Americans can put their aluminum cans to even better use.During the month of...

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Toyota to construct new plant in Canada

June 30, 2005

Toyota announced today that it will construct a new plant in Woodstock, Ontario, that will employ 1,300 team members to build the RAV4 sport utility vehicle. The new plant represents an approximate...

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Lone Star Steel, Tubos Del Caribe end alliance early

June 29, 2005

Lone Star Technologies, Inc. has announced that its largest subsidiary, Lone Star Steel Co., and Tubos del Caribe, S.A. (Tubocaribe), a Colombian manufacturer of oil country tubular goods (OCTG) and...

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Mittal Steel to reduce third quarter production

June 29, 2005

Mittal Steel Co. N.V. today announced its plans to reduce its global production by one million tons in the third quarter of 2005. This follows similar reductions in the second quarter. The production...

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LINE: Manufacturing hiring up in June

June 28, 2005

According to new numbers from the Leading Indicator of National Employment (LINE™), manufacturers were hiring more in June than they were in previous months, but the number is not as high as...

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Toyota names new president–North America

June 24, 2005

Toyota Motor Manufacturing North America, Inc. (TMMNA) has named Seiichi "Sean" Sudo as its new president and CEO, succeeding Atsushi "Art" Niimi. The effective date is June 27.During Niimi's tenure...

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Durable goods orders up 5.5 percent in May

June 24, 2005

New orders for manufactured durable goods in May increased $11.0 billion or 5.5 percent to $210.7 billion, the U.S. Census Bureau announced today. This followed a 1.4 percent April increase. Excluding...

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CITAC: ITC decision again hurts steel consumers

June 23, 2005

Steel-consuming industries in the U.S. will continue to face disruptions in the steel market as a result the International Trade Commission's (ITC's) vote June 21 to continue import restrictions on...

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IAL announces CEO change

June 21, 2005

International Aluminum Corp. (IAL), Monterey Park, Calif., has announced that effective July 1, 2005, Ronald L. Rudy will assume the responsibilities of company chief executive officer from C.C....

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Maytag receives higher buyout offer

June 21, 2005

Appliance manufacturer Maytag Corp. announced today that it has received a preliminary nonbinding proposal from Bain Capital Partners LLC, Blackstone Capital Partners IV L.P., and Haier America...

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TRW, China South Group announce joint venture

June 20, 2005

TRW Automotive Holdings Corp. and China South Industries Group Corp. (CSG) have announced the formation of a joint venture company to manufacture advanced braking and steering systems for China's...

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