Interesting engineering news and general interest to get you through the week. » Latest Engineering News » Business and FinancialBusiness and Financial Engineering is fun but at the end of the day you need money with which to carry out your activities. Here we take a look at the news behind the wheeling and dealing that goes on in this industry. Business and financial engineering news really does make the world go round.
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Clipped to the Drawing Board by Administrator
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A DECADE ago, Samorin—a small town in western Slovakia , on the banks of the river Danube—was one of many good places in which to watch the effect of globalisation on central Europe. The town was full of cheap, experienced workers in need of jobs, with unemployment at 20%. Foreign investors duly arrived, notably Samsonite, an American luggage-maker, which set up a factory there in 1997. The town’s location helped, near a four-way border where Slovakia, Hungary, Austria and the Czech Republic meet in a cat’s cradle of big roads and railway lines. There are scores of similar towns across the region that attracted jobs from higher-cost, more highly regulated labour markets farther west.
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Saturday 31 May, 2008 12:40 AM |
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Clipped to the Drawing Board by Rose Shah
What was the last time we actually sat up and took note of the role steel plays in our lives ? Right from the steel kitchen sink that you lean over to fill water in a steel glass from a steep tap; your entire day literally begins and ends with steel.
The buildings we reside and work in contain substantial amounts of steel, we drive steel cars on bridges that are suspended or 'hung' from steel cables… the applications appear almost limitless.
The Indian Steel industry is almost 100 years old.
The onset of liberalization in 1992 and the subsequent opening of the Indian economy to the world transformed the Indian steel sector.
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Friday 30 May, 2008 10:38 PM |
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Clipped to the Drawing Board by jackson Browne
Some pundits and politicians love to complain about how Americans lose their jobs because of cheaper labor overseas. But many foreign companies create jobs for Americans by investing and operating in the U.S.
"International business these days is a two-way street," says Daniel F. Spulber, a professor of international business at Northwestern University's Kellogg School of Management.
While many jobs formerly held by Americans do go offshore, some offshore jobs are returning to U.S. soil. In fact, officials from states and dozens of municipalities actively court foreign companies, hoping they will bring new jobs to their areas.
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Friday 30 May, 2008 06:35 PM |
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Clipped to the Drawing Board by Ali Hamoud
NSK Canada , a member of the NSK Ltd.
Group of Companies, proudly announces NSK's selection as one of the Global 100
Most Sustainable Corporations in the World. The Global 100 is a list compiled
and released annually at the World Economic Forum in Davos, Switzerland.
NSK is one of the world's largest manufacturers of bearings and related
linear-motion and automotive products. Based in Tokyo, Japan, the organization
operates over 150 locations around the world, including three in Canada that
are headquartered in Mississauga.
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Thursday 29 May, 2008 12:43 AM |
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Clipped to the Drawing Board by Rose Shah
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NEW DELHI: India’s textile engineering (TE) industry needs special succour in the form of government policies that would catalyse its growth. The industry needs large chunks of investment to fill the critical gap in indigenous manufacturing capacity for weaving and processing equipment. There could be a technology upgradation fund scheme for providing soft loans to spur investment in the sector.
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Wednesday 28 May, 2008 04:37 PM |
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Clipped to the Drawing Board by Ali Hamoud
Strong demand for its products and services, improving margins and growing order book augur well for Voltas.
The last few years have seen Voltas Limited report strong growth in revenues and improvement in profitability, led by strong demand from user industries as well as the company's efforts.
Notably, Voltas is expected to report robust growth in all its three business segments and also sustain profitability, if not improve further, going forward.
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Wednesday 28 May, 2008 04:20 AM |
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Clipped to the Drawing Board by Dave Ellery
HANNOVER, Germany: With nearly a decade of hindsight, German manufacturers find they can look back on the painful opening years of the millennium with a certain degree of satisfaction.
Then, "Made in Germany" was less a label connoting quality than a millstone around their necks that suggested high prices and mystifying engineering. Labor costs in Germany, the largest economy in Europe, had spun out of control, and German companies had been slow to head for Eastern Europe and Asia - places that looked like the true future of manufacturing.
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Friday 23 May, 2008 02:31 AM |
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Clipped to the Drawing Board by Tony Elmasri
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Few stories in computing history come close to matching the tale of Zelenograd – the Soviet Union's attempt at creating something along the lines of Silicon Valley.
Episode 15 of Semi-Coherent Computing recounts the tale of Zelenograd's founding along with the stories of the two US-born Russian spies behind the city. No one knows this history better than Steven Usdin, the author of Engineering Communism: How Two Americans Spied for Stalin and Founded the Soviet Silicon Valley, who was kind enough to appear on the show. Part II: How a pair of American spies created the Soviet Silicon Valley Based on the rather insane number of messages I've received over the last couple of weeks, you guys really, really wanted part two of our interview with Steve Usdin, author of Engineering Communism. Well, here it is.
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Thursday 22 May, 2008 06:48 AM |
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Clipped to the Drawing Board by Sean
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ST. PETER PORT, Guernsey,-ECAS S.a.r.l, an indirect wholly-owned subsidiary of European Capital Limited (LSE: ECAS) ("European Capital"), announced today that it has invested euro 28 million in International Electronics and Engineering S.A. ("IEE"), a leading and innovative developer of safety-critical sensing solutions for the automotive industry. The investment supports Apax Partners' recapitalization of IEE. ECAS S.a.r.l invested mezzanine debt in IEE, which was arranged and underwritten by Allied Irish Banks.
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Monday 19 May, 2008 02:32 AM |
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Clipped to the Drawing Board by Administrator
AMD has kissed Mario Rivas good-bye and turned processor development over to Randy Allan, the head of its star-crossed server and workstation business, reporting to president and COO Dirk Meyer. Allan is now the new head of AMD’s Computing Solutions Group, responsible for the bulk of the company’s revenues.
The company also set up a newfangled centralized engineering operation that’s supposed to focus AMD’s engineers and IP portfolio on “the strong business opportunities in front of us,” Meyer said in a statement.
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Friday 16 May, 2008 04:27 AM |
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Clipped to the Drawing Board by Adam Crighton
HOUSTON — KBR Inc.'s proposed $550 million acquisition of an Alabama engineering and construction company is further evidence of its drive to expand its presence in industrial construction, the top executive of the military and engineering contractor said Tuesday.
KBR, well known for its role as the Pentagon's biggest private contractor in Iraq, announced Tuesday it will buy privately held BE&K Inc. of Birmingham, Ala., as part of a strategy to expand its engineering and construction operations.
....click the link to read more
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Friday 9 May, 2008 10:05 AM |
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Clipped to the Drawing Board by Dave Ellery
German business confidence in Latin America has returned. And German firms are not unduly worried about the rising populism
For the last 2-3 years Latin America has attracted a lot more attention than usual from the German business community. The reasons for this are obvious: more growth and less volatility in the region.
....click the link to read more
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Wednesday 7 May, 2008 10:30 AM |
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Clipped to the Drawing Board by George Tan
In a bid to strengthen its presence in the global markets, Elecon Engineering Company Ltd , the flagship engineering company of Anand-based Elecon Group, is eyeing overseas acquisitions. It plans to acquire an engineering company either in Western Europe or the US.
....click the link to read more
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Saturday 3 May, 2008 02:29 AM |
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Clipped to the Drawing Board by Yan Chu
INTERNATIONAL investors and analysts gave a solid reception yesterday to BG Group's stunning plan to spend almost $13 billion in cash to take over major oil, gas and electricity concern Origin Energy.
"It's a very substantial premium when you look at current market conditions" that have already placed a high value on Origin shares, according to Campbell McComb, a fund manager at Armytage Private, which holds Origin shares.
"They have come in with a pretty big cash offer and in this market most people I think would be happy to accept a cash offer on these terms." A shock pre-trading announcement in Australia said BG Group had told Origin it was proposing to offer $14.70 a share for all of Origin's shares, a premium of almost 40 per cent to the previous close of $10.47.
If it goes ahead, the proposal will be the biggest ever in Australia's resources sector ahead of the $10 billion Shell bid for control of Woodside in 2001, which was controversially blocked on national interest grounds by the then Federal treasurer Peter Costello.
....click the link to read more
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Thursday 1 May, 2008 06:15 PM |
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Clipped to the Drawing Board by George Tan
Calling all engineers ! If you're in school for engineering or you already have a degree in the field, your skills are in hot demand. A talent shortage makes engineering the hardest job to fill in the U.S., according to global staffing firm Manpower.
....click the link to read more
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Wednesday 30 April, 2008 06:06 AM |
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Clipped to the Drawing Board by Rose Shah
Competition and change can either destroy or bring out the best. And this is true for individuals as well as for companies. In today’s dynamic world , there are two aspects to this point. You can either engineer and drive the change and be the competition or face the competition by reacting to the change. The key tool – if you are to win – in both conditions is innovation.
....click the link to read more
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Saturday 26 April, 2008 10:58 PM |
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Clipped to the Drawing Board by Adam Crighton
GUANGZHOU,China, Textile firms, once an export engine of China , are fighting for their survival this year with rising costs and dismal overseas market hit by the subprime crisis.
Those firms wooing foreign buyers at the 103rd China Import and Export Fair, the largest trade fair in the country also called the Canton Fair, felt the pinch. Few buyers visited their exhibition stall, and fewer still signed contracts.
William Lowry, an American clothing buyer, came to the fair for the 20th time this year. It was different from previous years because this time he just looked, he did not buy.
"Chinese engineering and product competitiveness was not much as it was. I'm thinking of buying from other countries. The reduction in tax rebates and the devaluation of the dollar have made Chinese products 20 percent higher than what it was."
"Twenty percent means I'm looking elsewhere," William said.
....click the link to read more
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Sunday 20 April, 2008 06:18 PM |
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Clipped to the Drawing Board by Sean
India’s reigning status as the global outsourcing hub is no longer a matter of international contention. Few, however, are aware of the country’s proven product engineering capabilities within the outsourcing arena. As consumer electronic companies try and bridge the gap between long product development cycles and the need for a speedy go to market strategy, it is time to take a serious look at the outsourcing of product engineering in consumer electronics.
....click the link to read more
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Thursday 17 April, 2008 06:08 PM |
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Clipped to the Drawing Board by Ali Hamoud
Mitsui Engineering & Shipbuilding Co ., Japan's second-largest shipbuilder by sales, forecast profit will rise 64 percent in three years, aided by record demand. The shares gained the most in two weeks.
Operating profit may reach 54 billion yen ($534 million) in the year through March 2011, from 33 billion yen estimated for the year just ended, the Tokyo-based company said today in a statement. Sales are forecast to rise 27 percent to 800 billion yen in three years. No net income targets were given.
....click this link to read more
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Wednesday 16 April, 2008 02:06 AM |
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Clipped to the Drawing Board by George Tan
VIJAY Mallya is in a rush. His helicopter is waiting for him at Battersea heliport for the short hop to Stansted where his private jet is primed for a business trip to New York.
It will be a brief visit in a non-stop schedule, but before he heads off he has agreed to make time to talk about something close to his heart: Scotch whisky.
On Tuesday, Mallya will fly in to Glasgow where he is due to give the keynote speech at the World Whiskies Conference and is expected to be a big draw. He doesn't know exactly what he will say yet – "I don't write speeches" – but the conference will be a chance to talk about the "Indian opportunity".
....click this link to read more
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Tuesday 15 April, 2008 02:08 AM |
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Clipped to the Drawing Board by Barot Casha
Mumbai: India is pitching for increased engineering and investments from Russia , especially in the proposed petrochemical and petroleum investment regions (PCPIR), as both countries seek to widen bilateral economic engagement during Prime Minister Victor Zubkov's visit.
Industry association Assocham, meanwhile, suggested a joint action plan along with Russia and the other two BRIC countries to avert an economic slowdown triggered by the US financial crisis.
....click the link to read more
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Saturday 12 April, 2008 02:00 AM |
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