Industry News

Aluminum Industry news

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 …

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Commercial Aerospace continues to heat up.

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 …

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Question: Is the United States economy now in a “Post-Industrial, Service Sector” phase?

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 …

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