Industry Trends & Happenings News for May 2009
Attendees hailing from all over Latin America, Europe and beyond descended on the Transamerica Expo Center in São Paulo, Brazil, May 7–9, to attend the 30th anniversary of EBRATS, the country's premier surface finishing exposition and technical conference, organized by the Associação Brasileira de Tratamentos de Superfície (ABTS).
29 May, 2009
The nation's industrial production fell 0.5% in April—the smallest amount in six months. Analysts believe this provides fresh evidence that the pace of the economy's decline is slowing.
22 May, 2009
DISA Group, a leader in molding and casting technology, has merged with Wheelabrator Group, a leader in surface preparation technology, to create a formidable metallic parts enhancement company. The two companies, each owned by Mid Europa Partners, have been granted official approval by the German Bundeskartellamt to complete their merger process.
15 May, 2009
Auto sales in the U.S. continued on their downhill roll as most manufacturers reported high, double-digit sales decreases. Industry analysts see the trend in this key bellwether economic sector as further evidence of a deepening recession.
07 May, 2009
Senator Johnny Isakson (R-Ga.) recently received the National Association of Manufacturers (NAM) Award for Manufacturing Legislative Excellence—an honor that recognizes federal lawmakers whose voting records have consistently supported manufacturing in America. The event was sponsored by Dixie Industrial Finishing Co., Inc., in Tucker, Ga.
01 May, 2009
Weeks after the Obama Administration facilitated the ouster of former General Motors chairman and CEO Rick Wagoneer as it pressed the company to construct a roadmap to return to profitability, the government-appointed Automotive Task Force has affected another development impacting the industry: Chrysler has essentially been forced into bankruptcy protection with the goal of sealing an alliance with Italian automaker Fiat.
01 May, 2009