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Keyword: manufacturing

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  • Kodak Stock Plunges as $765 Million Loan Is Put on Hold

    08/10/2020 11:41:37 AM PDT · by spacejunkie2001 · 65 replies
    Motley Fool ^ | 8/10/20 | Joe Tenebruso
    Eastman Kodak's (NYSE:KODK) hopes of becoming a key supplier to the pharmaceutical industry just hit a major snag. The one-time camera and film giant was attempting to use a $765 million loan from the U.S. government to pivot its ailing business. Its plan was to launch Kodak Pharmaceuticals, which would produce pharmaceutical ingredients deemed critical in the fight against COVID-19. Now, those plans have been thrown into disarray. A downwardly sloping stock chart. EASTMAN KODAK'S STOCK PLUMMETED ON NEWS THAT ITS LOAN COULD BE IN JEOPARDY. IMAGE SOURCE: GETTY IMAGES. The Defense Production Act loan was awarded to Kodak by...
  • Remarks by President Trump at Whirlpool Corporation Manufacturing Plant

    08/06/2020 6:23:27 PM PDT · by ransomnote · 35 replies
    whitehouse.gov ^ | Aug 6, 2020 | President Donald J Trump
    Whirlpool Corporation Manufacturing Plant Clyde, Ohio 3:31 P.M. EDT  THE PRESIDENT:  Thank you, everybody.  Please.  Thank you very much.  It’s a great honor to be here.  And thank you, Dan.  I’m thrilled to be in the great state of Ohio.  You were very good to me, but I’ve been very good to you.  (Applause.)  I’ve been very good to you.  We’ve been good to each other.  With the incredible men and women of Whirlpool, the largest washing machine factory anywhere in the world.Every day, 20,000 gleaming new machines coming rolling off that beautiful assembly line — I just got to...
  • Bidens Buy American Proposal Echoes Trumps Economic Populism

    07/25/2020 4:41:33 AM PDT · by Kaslin · 4 replies
    Townhall.com ^ | July 25, 2020 | Zilvinas Silenas
    If you read presidential candidate Joe Biden’s economic plans (“Build Back Better” and “Made in America”), you get a feeling of déjà vu, of having heard it all before: “America, good. China, bad.” If it was not sprinkled with obligatory “Trump, bad” quips you might think it was lifted from Trump’s program. The leitmotif is: “I am going to do the same things as Trump, but better.”To be fair, there is nothing wrong with wanting a strong economy, a manufacturing presence on U.S. soil, and aspirations for American companies to become better than their foreign competitors. In these divided times,...
  • Manufacturing Recovery Was Much Stronger Than Expected in June

    07/01/2020 4:37:34 PM PDT · by Forgiven_Sinner · 14 replies
    Breitbart ^ | 1 Jul 2020 | JOHN CARNEY
    Factory activity in the U.S. surged higher than expected in June, suggesting that the broader economy grew for the second consecutive month after Aprils contraction. The Institute for Supply Managements index of manufacturing activity jumped 9.5 percentage points to 52.6 in June. The gauge of new orders rose 24.6 points to 56.4, the largest ever monthly increase. The production component of the index also rose by more than 24 points to 57.3. The Purchasing Managers Index is constructed from the results of surveys of executives in manufacturing businesses. Economists had expected a reading of 49, with the highest estimate in...
  • China Is Behind and Beside Leading Liberal Media Efforts to Destroy President Trump and America

    06/27/2020 10:38:21 AM PDT · by SeekAndFind · 21 replies
    Gateway Pundit ^ | 06/27/2020 | Joe Hoft
    China, the same country that gave us the China coronavirus, costing over 100,000 American lives, is also behind much of the bad press related to President Trump and the USA. China’s CCP (Communist Party) created an entity labeled the “United Front” directed to ensure the media in the US is flattering towards China and policies beneficial to China. The United Front also supports Democrat policies that benefit China and pushes the promotion of these policies. We’ve reported numerous times how China’s economy is stalling, if not going backwards. There are numerous measurements that support this position, and yet you...
  • Minneapolis Manufacturing Company Will Leave City after Plant Burned in Riots

    06/10/2020 12:29:45 PM PDT · by Twotone · 30 replies
    National Review ^ | June 9, 2020 | Mairead McArdle
    A Minneapolis manufacturing company whose plant was set on fire by rioters plans to leave the city, saying that city officials afforded them no assistance in handling the destruction. They dont care about my business, 7-Sigma Inc.s president and owner, Kris Wyrobek, told The Star Tribune about Minneapolis public officials. They didnt protect our people. We were all on our own. The 7-Sigma plant in south Minneapolis, which the company has maintained since 1987, shut down several hours early around 7 p.m. instead of 11 p.m. as a precautionary measure on the first night of rioting. The company manufactures several...
  • US Manufacturing Exodus From China Gets Underway: Move is mainly to Vietnam, Burma, the Philippines, and Bangladesh, per supplier inspection data

    06/08/2020 9:34:11 PM PDT · by SeekAndFind · 20 replies
    Epoch Times ^ | 06/08/2020 | Emel Akan
    WASHINGTONThe CCP virus pandemic has put global supply risks into the limelight, and recent data compiled by a Hong Kong-based supply chain inspection company shows that U.S. firms have already started moving their sourcing away from China. A manufacturing exodus was already underway due to the uncertainties created by the U.S.China trade war in 2019. The CCP (Chinese Communist Party) virus, also known as the novel coronavirus, has accelerated that trend and encouraged more companies to reduce their excessive dependence on China as a single supplier. Much of the manufacturing is moving to Southeast Asia and South Asia, according to...
  • This is Just The Beginning: Minneapolis Manufacturing Company Burned in George Floyd Riots Will Leave City, Owner Says

    06/08/2020 9:20:58 PM PDT · by SeekAndFind · 37 replies
    Gateway Pundit ^ | 06/08/2020 | Cristina Laila
    This is just the beginning. The owner of a Minneapolis-based manufacturing plant decided to move his company after rioters burned his business down.Kris Wyrobek, president and owner of 7-Sigma said he can’t trust public officials who allowed his plant to burn during the George Floyd riots.“They don’t care about my business. They didn’t protect our people. We were all on our own,” Wyrobek told the Star Tribune. “The fire engine was just sitting there, but they wouldn’t do anything. That’s the frustrating thing to us.”TRENDING: Wow! Minneapolis City Council President Says Calling the Police on Burglars "Comes from a...
  • Unemployment drops to 13.3% in May as economy adds 2.5M jobs

    06/05/2020 5:40:02 AM PDT · by NohSpinZone · 150 replies
    Fox Business ^ | 6/5/2020 | Megan Henney
    The U.S. unemployment rate unexpectedly dropped to 13.3 percent in May, down from a record high in April as the nation's economy began to gradually reopen from the coronavirus lockdown.
  • US will pay for companies to bring supply chains home from China: Kudlow

    05/26/2020 11:54:57 AM PDT · by knighthawk · 37 replies
    Fox Business ^ | May 26 2020 | Jonathan Garber
    The Trump administration is willing to pay for U.S. companies to uproot their supply chains and bring them home from China, according to the president's top economic adviser. The COVID-19 pandemic has caused supply chain disruptions and elevated concerns the U.S. has become too reliant on production in Asia, and specifically China, for goods and key technologies. China is the world's largest producer of personal protective equipment, including masks, test kits and more that is needed to control the spread of COVID-19, which was first identified in Wuhan, China, and has infected more than 5.5 million people worldwide.
  • U.S. Gun Sights Maker Re-Engineers Factory To Supply Elite Military During Pandemic

    05/22/2020 7:28:41 AM PDT · by Kaslin · 13 replies
    The Federalist ^ | May 22, 2020 | Madeline Osburn
    'There's no one in the U.S. that does what we do. That would leave the option of really going to Asia...and there's no chance that they can deliver the kind of quality that we do." Leupold is a 113-year-old, family-owned business manufacturing rifle scopes, firearm sights, and other optics in Beaverton, Oregon. With more than 650 employees and a factory that runs seven days a week, they manufacture the types of products that have to work every time, under pressure.“That moment of truth when is when you’re behind that sight and pulling the trigger, and we want to make sure...
  • Chamber of Commerce: U.S. Must Not Reshore All Production to the U.S.

    05/21/2020 5:40:18 AM PDT · by Sir Napsalot · 46 replies
    Breitbart - Politics ^ | 5-20-2020 | John Binder
    While President Trump takes steps to bring vital industries back to the United States, the Chamber of Commerce is already warning that the U.S. must continue to be reliant on foreign countries for goods, products, and supplies. This week, Trump announced a multi-million contract with Phlow Corporation, based in Richmond, Virginia, to begin returning pharmaceutical production to the U.S. This is a great day for America, White House trade adviser Peter Navarro said of the move. ... (snip) In an online conference, reported by Reuters, Chamber of Commerce CEO Tom Donohue said the U.S. must not reshore all of its...
  • Taiwan Semiconductor Manufacturing Co. to Build Advanced Chip Factory in Arizona

    05/14/2020 6:02:29 PM PDT · by Candor7 · 70 replies
    Conservative Treehouse ^ | 14 May 2020 | Sundance
    Commerce Secretary Wilbur Ross has been in discussions for several years with both TSMC and Intel to build advanced chip manufacturing plants in the U.S. and extract U.S. supply chain needs from China and southeast Asia. It appears his efforts, and the emphasis on global supply-chain shifts from President Trump, are getting results. According to numerous media reports Taiwan Semiconductor Manufacturing Co (TSMC) is likely to announce this week they will build an advanced chip manufacturing facility in Arizona. A manufacturing facility for advanced 5 nanometer chip manufacturing is a steep investment decision costing around $10 billion. This shift in...
  • Apple Is Reportedly Looking To Move 20% Of Its Production To India From China

    05/11/2020 8:51:52 AM PDT · by SeekAndFind · 27 replies
    Mashable ^ | 05/11/2020 | Prashan Parikh
    The COVID-19 pandemic has disrupted supply chains of companies around the world and has made some of them reconsider the chain as this reliance on Chinese manufacturers has revealed vulnerabilities during the current situation. Hence, looking to diversify its production, Apple is reportedly looking to move nearly 1/5th of its production from China to India. A report by ET reveals that Apple executives have been in touch with Indian government officials for the last few months and are now considering the possibility of moving a considerable chunk of their manufacturing operations to India through Apples contract manufacturers. "We expect Apple...
  • Unlikely TSMC (Computer Chip Giant)will soon build in US

    05/11/2020 10:56:02 AM PDT · by Candor7 · 22 replies
    Taipei Times ^ | Tue, May 12, 2020 | unattributed
    It is a risky bet for US President Donald Trump’s administration to push for building advanced semiconductor factories in the US due to growing fears about the US’ heavy reliance on Asia for chip supply and potential disruptions from uncontrollable factors such as the COVID-19 pandemic. The US government is in discussions with chipmakers, including Taiwan Semiconductor Manufacturing Co (TSMC), to build new fabs in the US to create a self-sufficiency in chips, the latest in a slew of Trump’s renewed “Make in the US” efforts, the Wall Street Journal reported on Sunday. Even before the pandemic, the US had...
  • Lawmaker Mark Green (R-Tenn) to Introduce Bill to Help US Manufacturers Move Out of China

    05/05/2020 9:32:22 PM PDT · by SeekAndFind · 44 replies
    Epoch Times ^ | 05/05/2020 | Cathy He
    Rep. Mark Green (R-Tenn.) is set to introduce a bill to help companies move their manufacturing from China to the United States as momentum builds for the country to decouple from the Chinese regime as a result of the pandemic. Green told The Epoch Times that his forthcoming bill would allow firms to deduct the entire cost of capital spending associated with relocating from Chinaknown as immediate expensingto lure companies to move to the United States. The bill would pay for this with money collected from U.S. tariffs on Chinese imports, he proposed. The idea of covering 100 percent of...
  • Trump Vows to Bring Manufacturing Home to America

    05/05/2020 8:37:01 AM PDT · by Steve1999 · 29 replies
    NN ^ | 05-05-20 | Jay Greenberg
    President Donald Trump is calling for manufacturing to return home to the United States as he vows that America's supply chains will never be "held hostage" by China, or any other country, ever again.The president made the pledge during a Fox News town hall that aired this week, during which he took questions from the public.
  • NEC Director Larry Kudlow: Pay The Moving Costs Of American Companies Leaving China

    04/11/2020 6:32:07 AM PDT · by SeekAndFind · 62 replies
    Forbes ^ | 04/11/2020 | Kenneth Rapoza
    Call the moving company, Washingtons picking up the tab. The same day Japan announced that it would spend upwards of $2.2 billion to get its corporations out of China and either back home or spread throughout southeast Asia, White House National Economic Council Director Larry Kudlow said the U.S. should pay the moving costs of every American company that wants out of China. I would say, 100 percent immediate expensing across the board for plant, equipment, intellectual property, structures, renovations... In other words, if we had 100 percent immediate expensing, we would literally literally pay the moving costs of...
  • Clothing Makers in Asia Give Stark Coronavirus Warning

    04/10/2020 7:29:06 PM PDT · by nickcarraway · 22 replies
    "If our workers don't die from coronavirus, they'd die of starvation." This is the stark assessment of how the pandemic is impacting the clothing industry from garment factory owner, Vijay Mahtaney, the chairman of Ambattur Fashion India. In normal times, Vijay Mahtaney and his partners Amit Mahtaney and Shawn Islam employ a total of 18,000 workers in three countries - Bangladesh, India and Jordan. But the outbreak has forced them to shut down the majority of the business, with just one factory, in Dhaka, partially operational.
  • IT BEGINS: Japan Pays Billions To Firms To Leave China, Relocate Production Elsewhere

    04/09/2020 5:52:30 PM PDT · by CheshireTheCat · 34 replies
    The Daily Wire ^ | April 9, 2020 | Ryan Saavedra
    Japan has earmarked hundreds of billions of yen of its coronavirus stimulus relief to go toward helping its manufacturing companies move their production plants out of communist China and back to Japan or to other countries.