Industry Trends & Happenings News for June 2009

Industry Trends & Happenings News Archive

Metalforming Districts Form Alliance with MIOSHA

The East and West Michigan Districts of the Precision Metalforming Association (PMA) have signed an alliance agreement with the Michigan Occupational Safety & Health Administration (MIOSHA) to promote the safety and health of workers in the metalforming industry.

CCAI Honors Board Members, Installs New Officers

The Chemical Coaters Association International, CCAI, honored members for their service and dedication and installed its 2009–2010 officers and national board members during its recent annual meeting, held in Scottsdale, Ariz.

Michigan Governor Announces Job-Creation Initiatives

Michigan governor Jennifer M. Granholm has announced an aggressive strategy to diversify the economy and attract investment in the state. The plan entails more than a dozen job-creating projects estimated to generate more than 11,000 new positions while retaining another 846 jobs. The plan will reportedly bring more than $247 million in new investment to communities across the state.

Dow Coating Materials Vice President Lays Out Market Strategy

Luis Fernandez, the new vice president of Dow Coatings Materials, outlined the market strategy for the newly formed division of Dow Chemical Company. The unit was formed as a result of Dow’s acquisition of Rohm and Haas in April 2009.

GM Seeks to Reorganize Via Chapter 11 Bankruptcy Filing GM Seeks to Reorganize Via Chapter 11 Bankruptcy Filing

After weeks of speculation, General Motors (GM) on June 1 announced plans to reorganize under Chapter 11 of the United States Bankruptcy Code. The filing, which represents the largest Chapter 11 case in U.S. industry, will allow GM to sell various assets, restructure debt, cancel contracts, and close operations that normally would have to continue running. GM has amassed more than $172 billion in debt—nearly twice the value of its assets.