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Interesting engineering news and general interest to get you through the week.

Business and Financial

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Business 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.

China and the American Jobs Machine

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President Barack Obama says he wants to "rebalance" the economic relationship between China and the U.S. as part of his plan to restart the American jobs machine. "We cannot go back," he said in September, "to an era where the Chinese . . . just are selling everything to us, we're taking out a bunch of credit-card debt or home equity loans, but we're not selling anything to them." He hopes that hundreds of millions of Chinese consumers will make up for the inability of American consumers to return to debt-binge spending.
Tuesday 17 November, 2009 09:09 AM
 

President Obama---Free trade begins at home

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President Obama told a group of Pacific trading partners yesterday that he favors free trade. They were happy. They should be. Should we be happy?
In theory we should. Free trade is good. We were founded on the ideals of a free market and that market has grown from a community economy to a regional one to a national one to an international one to a truly global one. We are all part of the same market. We make and sell and we buy goods globally. U.S. companies produce at home for domestic and export needs (the international phase) but we also increasingly make things abroad for foreign markets (the global phase).
Monday 16 November, 2009 10:30 AM
 

Labor Shortage Troubles Businesses in Gaeseong

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South Korean businesses operating in the joint economic zone in the North Korean border town of Gaeseong have seen an increase in demand for their products since the North eased border crossing restrictions in August.

But employers there appear less than thrilled by the news due to labor shortages
Wednesday 11 November, 2009 10:52 AM
 

BRPH to design S.C. aircraft plant

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In a possible sign of the recession's diminishing impact, a multi-million dollar contract will require that Melbourne-based BRPH begin hiring again.

"We will be adding some additional staff," BRPH president and CEO Brad Harmsen said Monday.
Tuesday 10 November, 2009 01:36 PM
 

GM's Sales in China Today Surpass 1.5 Million Units for 2009

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General Motors Company announced that the automaker and its joint ventures in China today surpassed 1.5 million units in sales for 2009. With a strong October, the GM China family continued its string of record monthly sales that began at the start of the year.
“This has been a year of records for GM in China,” said Kevin Wale, President and Managing Director of the GM China Group. “It is GM’s priority to put the customer at the center of everything we do. This is reflected in our vehicle design, engineering and production.”
Tuesday 10 November, 2009 10:39 AM
 

Green Heart of Austria Goes to China

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Austrian companies from Styria, the Green Heart of Austria, travelled on a trade mission to China the last two weeks visiting Hong Zhou, Shanghai, Tianjin and Beijing to stimulate the region’s economy following the deepest recession since the 1930s.
Led by Dr Christian Buchmann, Minister for Economy, Innovation and Finance of the Styrian Provincial Government, the delegation of around 40 Styrian companies were positioning themselves for a piece of the economic pie. The high powered Engineers and industrialists were distinguished guests at the official opening of the Energy and Environment Museum at the Industry Park at Hangzhou, China on 1st November 2009.
Monday 9 November, 2009 11:55 AM
 

Singapore-1st integrated yard facility

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In a boost to Singapore's marine and offshore industry, Sembcorp Marine will develop the first integrated yard facility in Tuas, costing $750 million.
The new yard will transform the sector and position Singapore for continued global leadership in the industry.
Thursday 5 November, 2009 09:30 AM
 

Eicher subsidiary signs MoU with Vinn Group

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VE Commercial Vehicles (VECV), a subsidiary company of Delhi-based Eicher Motors (EML) has signed a non-binding memorandum of understanding (MoU) with the Vinn Group of Sweden to explore business opportunities in the field of engineering design services.
Thursday 5 November, 2009 07:18 AM
 

Rebuilding a business

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Ultimately, it was Andrew A. Fimiano’s discomfort that led to a transformational decision. The president and CEO of Southland Industries was squirming after enduring 45 minutes of relentless questioning from business consultant and “Good to Great” author Jim Collins.
Tuesday 3 November, 2009 11:15 AM
 

Singapore-New varsity's focus: Design and technology for innovation

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THE fourth university here will be named the Singapore University of Technology and Design, or SU for short, and will take in the best and brightest students in the country and region when it opens in 2011.

It will start small, with a cohort of up to 500 undergraduates for the first three years, but this will gradually be increased until it reaches 4,000 undergraduates and 2,000 graduate students.
Monday 2 November, 2009 11:02 AM
 

USD 26 billion in investments for sea and air transport infrastructure to boost UAE's reputation as

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Deutsche Messe Dubai Branch , organiser of CeMAT MIDDLE EAST, the world’s largest trade show profile for internal logistics and materials handling that debuts in Dubai in February 2010, has revealed that leading global business organisations and key government institutions have made strong commitments to support the trade show. Deutsche Messe Dubai Branch further pointed out that international investors have been particularly impressed with the UAE's efforts to establish itself as a global logistics hub with around USD 26 billion in investments being made to develop the country's air and sea infrastructure facilities
Wednesday 28 October, 2009 07:24 AM
 

KUKA Systems Offers North American Solar Producers Best of Two Worlds

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KUKA Systems offers North American solar manufacturers two world-class businesses in one: a major global supplier of advanced solar production technologies and a US-based integrator with demon-strated expertise in adapting those technologies for local use. KUKA Systems’ product lineup covers almost every aspect of photovoltaic manufacturing – from the most sophisticated wire saw machines for slicing ingots into wafers to robotic cells to perform every task associated with assembling and testing PV panels. KUKA Systems also is a major integrator of robotic and other automation technologies for automakers, solar manufacturers, aerospace and logistics companies and can design and install partial or complete turnkey manufacturing lines
Tuesday 27 October, 2009 01:30 PM
 

UK Startups & Small Businesses Needn't Start With A Domestic Market

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Traditional wisdom says that a business should target its closest customers first. A company that does well domestically should consider expanding operations overseas. In the past, when issues of transportation and communication were matters of great expense, this rule of thumb probably made some sense. In the modern global economy it certainly doesn't.
Friday 23 October, 2009 10:20 AM
 

U.Va. Helps Break Ground on New Aerospace Facility, a Partnership With Rolls-Royce

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Can Western countries be successful as manufacturers when confronted with the challenges of competing with countries such as China and India, to name just two.
Crosspointe, home to a unique, higher education partnership founded by the University of Virginia, Virginia Tech, the commonwealth of Virginia, Rolls-Royce Plc and others, has begun construction in Prince George County.

About 200 people attended the groundbreaking on Monday. Gov. Timothy M. Kaine called the start of construction good news in challenging economic times, according to a report in the Richmond Times-Dispatch.
Wednesday 21 October, 2009 02:15 PM
 

An Industrial-Engineering Stock Gets Taken Down a Notch

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Downgrading of Shaw Group from Outperform to Neutral as the stock is near our $32 price target and uncertainty for the nuclear outlook has increased. The stock trades at 6.5 times forward Earnings Before Interest, Taxes, Depreciation and Amortization, in line with our price target valuation assumptions. Given the emerging uncertainty for Shaw's nuclear business, we believe multiple expansion is difficult to assume at this time.
Tuesday 20 October, 2009 07:13 AM
 

A Wind of Change is Blowing Through Titanic's Birthplace

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Harland and Wolff embarked on a diversification strategy seven years ago to exploit its skills and resources in markets beyond shipbuilding. Following a radical restructuring of the company, Harland and Wolff became known as Harland and Wolff Heavy Industries -- and the clue to its success is in the name.
Wednesday 14 October, 2009 08:50 AM
 

Speed to Market Made Easier Today

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Budgets normally devoted to critical engineering and IT projects may have been significantly reduced or eliminated, but there is still a meaningful way to get products to market faster than the competition.
As companies continue to make cutbacks, engineers and designers are likely to have at least the same amount of work as they did before the recession began, but with fewer contributors to support their efforts.
Wednesday 14 October, 2009 06:49 AM
 

India-Russia ties: Calibrating a fine balance

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Defence Minister A K Antony begins a three-day visit to Moscow on October 13 to co-chair the India-Russia Inter Governmental Commission on Military Technical Cooperation. The visit, coming as it is, on the heels of President Pratibha Devisingh Patil's high-profile visit to Russia in September and ahead of Prime Minister Dr Manmohan Singh's [ Images ] proposed visit to Russia in December, is another important step in the bilateral relationship between the two countries.
Tuesday 13 October, 2009 06:07 PM
 

Why GE's jet engine matters

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The high-stakes battle over GE Aviation's engine for the military's Joint Strike Fighter jet revolves around cost and competition in the halls of Congress.
But at the jet-engine maker's Evendale headquarters, it's all about securing 1,000 jobs, gaining a piece of the Pentagon's last big aircraft program for the foreseeable future, and proving revolutionary materials that will play a key role in GE's next-generation of business jet engines.
Monday 12 October, 2009 04:37 PM
 

General Motors and Tengzhong Sign Definitive Agreement for Sale of Hummer

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DETROIT and SICHUAN, Oct. 9, 2009 - General Motors (GM) and Sichuan Tengzhong
Heavy Industrial Machinery Co., Ltd (Tengzhong), today announced that the
companies have entered into a definitive agreement that will allow Tengzhong
to acquire GM's premium all-terrain HUMMER brand. 
Monday 12 October, 2009 06:31 AM
 

Rotterdam ready for Europort 2009

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Europort’s return to Rotterdam from 3 to 6 November will see professionals from across the commercial marine spectrum flocking to the maritime capital of Europe.
Saturday 10 October, 2009 01:50 PM
 
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