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Recession in the U.S. has significantly reduced demand for exports
from Mexico. The country hopes lowered tariffs will help, in
particular,
to support its maquiladoras.
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The Conveyor Equipment Manufacturers Association reported that its
November 2008 Booked Orders Index was 94, down 40 points or a decrease
of 30% from October 2008’s Index of 134. The November 2008 Index
decreased 38% from the November 2007 Index of 151.
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Wescast Industries Inc. plans to close one of the two ductile iron
foundries it operates in Wingham, ON, in order to reduce operating
costs
and to 'better align capacity with expected volume levels.'
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Visit the IndustryWeek Forums -- an
active online community discussing the latest in manufacturing. The
forum is open!
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"Manufacturing could be said as having also cracked the 10 worst
list, with Welder -- described as 'Joins or repairs metal surfaces
through the application of heat' -- ranking 8th of 10..."
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"Large engine manufacturer Cummins Inc. proved today that not
even executives and office workers are immune to the massive downsizing
taking place in manufacturing worldwide..."
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"Gilligan blames the instability in the oil markets as the
result
of speculators who profit from volatility..."
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