Lucid opens first international EV factory in Saudi Arabia
(Reuters) – Electric-vehicle maker Lucid Group said on Wednesday it had opened its first international manufacturing plant in Saudi Arabia’s Jeddah city, under a deal …
Factory
Factory Hailed As A Biden Success Story Now Hampered By Key Democratic Voting Bloc
Factory Hailed As A Biden Success Story Now Hampered By Key Democratic Voting Bloc Nick Pope on September 25, 2023 A factory in Arizona that …
Japan’s factory activity shrinks, service sector growth slows in Sept – PMI
TOKYO (Reuters) – Japan’s factory activity contracted for the fourth straight month and the service sector growth slipped to an eight-month low, a survey showed …
U.S. FDA found lapses at Novo’s main U.S. factory in May 2022 -report
By Maggie Fick LONDON (Reuters) -U.S. drug regulators issued a report detailing quality control lapses at Novo Nordisk’s main factory in North America as early …
New York State factory activity picks up – New York Fed
By Amina Niasse (Reuters) – Manufacturing activity in New York State accelerated moderately in September, topping expectations for a continued slowdown as new orders and …
Volvo to start production of electric trucks at Ghent factory
COPENHAGEN (Reuters) -Sweden’s Volvo will begin serial production of heavy battery electric trucks at its Ghent factory in Belgium, the truckmaker said in a statement …
US factory booms strengthen MUFG’s dominance in project finance – senior exec
By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) – A U.S. factory construction boom driven by tax credits in the Inflation Reduction Act (IRA) is …
Tesla, suppliers to invest $15 billion in Mexico factory – local governor
MEXICO CITY (Reuters) – A state governor in Mexico said on Monday that Tesla and its suppliers would invest $15 billion over the next two …
Canadian factory PMI falls to three-year low as output slows
By Fergal Smith TORONTO (Reuters) – Contraction in Canada’s manufacturing sector gathered pace in August as production and new orders declined, data showed on Friday, …
UK factory orders tumble in the face of higher rates – PMI
LONDON (Reuters) – British factories in August suffered their weakest month since early in the COVID-19 crisis, with orders shrinking dramatically due to the rise …
Euro zone August factory activity showed signs of recovery -PMI
LONDON (Reuters) – The downturn in euro zone manufacturing eased last month, suggesting the worst may be over for the bloc’s beleaguered factories although demand …
Russian factory activity grows at fastest rate in three months in August -PMI
MOSCOW (Reuters) – Russian factory activity grew at the strongest rate in three months in August as new orders gained momentum, although the weak rouble …
China’s Aug factory activity picks up unexpectedly – Caixin PMI
BEIJING (Reuters) – China’s factory activity surprisingly returned to expansion in August, a private-sector survey showed on Friday, with supply, domestic demand and employment improving, …
South Korea factory activity shrinks at quicker pace in August – PMI
By Jihoon Lee SEOUL (Reuters) – South Korea’s factory activity weakened at a faster pace in August, extending its longest-ever slump by another month as …
Japan’s factory activity shrinks, squeezed by costs – PMI
TOKYO (Reuters) – Japan’s factory activity shrank for a third straight month in August, a survey showed on Friday, as manufacturers were squeezed by cost …
Thai July factory output falls more than forecast as exports slump
BANGKOK (Reuters) – Thailand’s factory output shrank slightly more than expected in July as sluggish global demand pinched exports, a ministry official said on Thursday. …
PepsiCo returns to Indonesia, breaks ground for snack factory
By Stefanno Sulaiman CIKARANG, Indonesia (Reuters) – U.S. food and beverage maker PepsiCo began building a snack factory in Indonesia’s West Java on Wednesday, marking …
Vietnam August exports slide, but factory output improves
By Khanh Vu and Phuong Nguyen HANOI (Reuters) -Vietnam’s exports in August fell 7.6% from a year earlier, official data showed on Tuesday, making a …
Japan’s factory activity shrinks at slower pace in Aug – PMI
TOKYO (Reuters) – Japan’s factory activity shrank for a third straight month in August amid higher oil prices and uncertainty over the global economic outlook, …
UK factory output drops at fastest rate in almost 3 years: CBI
LONDON (Reuters) – British manufacturing output dropped over the three months to August by the most in almost three years, according to an industry survey …
Mexico denies U.S. request to review labor concerns at Grupo Yazaki factory
MEXICO CITY (Reuters) – Mexico said on Friday it has notified the United States that it will not carry out a requested review of labor …
Company Building EV Battery Factory Near US Military Installations Listed As Chinese Principal, Filings Show
Company Building EV Battery Factory Near US Military Installations Listed As Chinese Principal, Filings Show Philip Lenczycki on August 18, 2023 The California energy company …
US factory orders jump in June on transportation equipment demand
WASHINGTON (Reuters) – New orders for U.S.-made goods surged in June, boosted by strong demand for transportation equipment and other goods, showing some pockets of …
Chinese EV Company Buys Up Michigan Land For Battery Factory Despite Public Backlash
Chinese EV Company Buys Up Michigan Land For Battery Factory Despite Public Backlash Nick Pope on August 2, 2023 Gotion, a Chinese Communist Party (CCP)-linked …
Canadian factory activity slows for third straight month in July
By Fergal Smith TORONTO (Reuters) – Canada’s manufacturing sector contracted for the third straight month in July as an uncertain economic outlook held back new …
South African factory activity contracts further in July – Absa PMI
JOHANNESBURG (Reuters) – South African manufacturing activity contracted for the sixth consecutive month in July, driven by an increase in scheduled power cuts and transport …
UK factory output falls at fastest pace in seven months, cost pressures ease -PMI
By Suban Abdulla LONDON (Reuters) – British factory output contracted in July at the fastest pace in seven months, hit by higher interest rates and …
Euro zone factory July activity fell at fastest pace since onset of COVID -PMI
LONDON (Reuters) – Manufacturing activity across the euro zone contracted in July at the fastest pace since COVID-19 was cementing its grip on the world …
Spain’s factory activity shrinks again in July on weak demand -PMI
MADRID (Reuters) – Factory activity in Spain contracted for the fifth consecutive month in July as domestic and foreign demand for Spanish goods weakened, a …
Indian factory growth eased for second month in July, but kept healthy pace
By Anant Chandak BENGALURU (Reuters) – Growth in India’s manufacturing activity eased in July for a second month, with some moderation in output and new …
Japan’s factory activity falls on soft orders – PMI
TOKYO – Japan’s factory activity contracted at a faster pace in July, a business survey showed on Tuesday, taking a hit from soft orders amid …
China factory activity likely to contract for fourth month in July: Reuters poll
By Joe Cash BEIJING (Reuters) – China’s factory activity likely contracted for a fourth straight month in July, a Reuters poll showed on Friday, reinforcing …
South Korea June factory output falls more than expected
SEOUL (Reuters) – South Korea’s factory production fell more than expected in June, official data showed on Friday, as automobile and petroleum production dropped. The …
First Solar plans $1.1 billion investment in fifth U.S. panel factory
By Nichola Groom (Reuters) – First Solar Inc on Thursday announced plans to spend up to $1.1 billion on what will be its fifth U.S. …
Thai June factory output drops more than forecast as exports weak
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s factory output shrank more than expected in June as sluggish global demand crimped exports amid …
Canada May factory sales up 1.2% on chemicals, autos
July 14 (Reuters) – Canadian factory sales grew by 1.2% in May from April on higher sales of chemical products, as well as motor vehicles, …
Tesla’s Shanghai factory workers welcome bonus increase after record deliveries
SHANGHAI (Reuters) – Several workers at Tesla’s Shanghai plant, its biggest manufacturing hub globally by output, said they had been awarded a large increase in …
Trial starts for Korean chip exec accused of stealing Samsung secrets for China factory
By Heekyong Yang and Ju-min Park SUWON, South Korea (Reuters) – The trial of a South Korean chip executive accused of stealing sensitive information developed …
Applied Materials aims to boost chip factory productivity with new tech
By Stephen Nellis SAN FRANCISCO (Reuters) – Applied Materials on Tuesday released its first major update to some of its core semiconductor manufacturing equipment in …
Tesla starts to lay off some workers at China factory – Bloomberg News
(Reuters) – Electric car maker Tesla Inc is laying off some battery production workers at its Shanghai plant, Bloomberg News reported on Friday, citing people …
New York’s Deal To Build Elon Musk A Solar Panel Factory Turned Into A Nearly $1 Billion ‘Boondoggle’
New York’s Deal To Build Elon Musk A Solar Panel Factory Turned Into A Nearly $1 Billion ‘Boondoggle’ Jack Applewhite on July 6, 2023 New …
U.S. factory orders miss expectations in May
WASHINGTON(Reuters) – New orders for U.S.-made goods increased less than expected in May as a surge in civilian aircraft orders was partially offset by sluggishness …
Canadian factory activity slows further in June
By Fergal Smith TORONTO (Reuters) – Contraction in Canada’s manufacturing sector deepened slightly in June as an uncertain economic outlook weighed on both domestic and …
UK factory downturn deepens in June despite lower costs: PMI
By Andy Bruce LONDON (Reuters) – The pace of decline in Britain’s manufacturing sector steepened in June and optimism faded despite weakening price pressures, a …
Euro zone factory downturn deepened in June as ECB hikes bite-PMI
LONDON (Reuters) – Euro zone manufacturing activity contracted faster than initially thought in June as persistent policy tightening by the European Central Bank squeezed finances, …
Spanish factory output contracts in June for the fourth consecutive month – PMI
MADRID (Reuters) – Factory activity in Spain contracted for the fourth consecutive month in June even though the spending of European Union rescue funds had …
India’s factory growth softened slightly in June but stayed strong
By Shaloo Shrivastava BENGALURU (Reuters) – India’s manufacturing industry expanded at the second-fastest rate this year in June, albeit at a slightly slower pace than …
Japan factory activity slips back into contraction in June on soft orders
TOKYO (Reuters) – Japan’s factory activity contracted in June after expanding for the first time in 7 months in May, a private survey showed on …
South Korea factory activity suffers longest downturn in at least 19 years
SEOUL (Reuters) – South Korea’s factory activity shrank at a steeper pace in June and extended its downturn to a record 12th consecutive month, a …
Thai May factory output falls 3.14% y/y, less than forecast
BANGKOK (Reuters) – Thailand’s manufacturing production index (MPI) in May dropped by a less than expected 3.14% from a year earlier as exports remained sluggish, …