Alcoa, Inc recently announced plans to separate its metal-mining business from upstream manufacturing and is stepping up efforts to close higher-cost smelting and refining capacity as a global glut batters the price of the metal. After spending $3.5 billion in the past two years buying companies to bolster its manufacturing capabilities, it’s seeing increasing profitability from …
The business media has been reporting recently that the Boeing Company’s Commercial Airplanes division is finding it hard to meet demand for its staple aircraft, the 737. Boeing currently makes forty-two 737s each month and has announced plans to increase that production to forty-seven by 2017, and potentially fifty-two a month by 2018. Boeing and Airbus …
To answer, here are some interesting facts, as compiled by the National Association of Manufacturers, the leading trade group representing the U.S. manufacturing sector. In 2012, manufacturers contributed $1.87 trillion to the economy, up from $1.73 trillion in 2011. This was 11.9 percent of GDP. For every $1.00 spent in manufacturing, another $1.48 is added …
Question: Is the United States economy now in a “Post-Industrial, Service Sector” phase? Read More »
US factory activity expanded in September 2013 at the fastest pace in 2.5 years, an encouraging sign that manufacturing could lift economic growth and hiring in the coming months. The Institute for Supply Management, a trade group of purchasing managers, said Tuesday that its manufacturing index rose in September to 56.2, the highest since April …
Aluminum is lightweight, strong, corrosion-resistant, infinitely recyclable, and an essential part of our daily life. Comprising a little over 8% of the earth’s crust, aluminum is the most abundant metal on the planet. It is the third most common element after oxygen and silicon. In today’s modern society, aluminum products are just as abundant. Since …
