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Manufacturing

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Solar company awaits loan from controversial government program

A tiny solar company named SoloPower Inc. will flip the switch on production at a U.S. factory Thursday, a major step toward allowing it to tap a $197 million government loan guarantee awarded under the …

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U.S. grant will fund manufacturing training

A consortium of Iowa’s 15 community colleges has received a $12.95 million grant from the U.S. Department of Labor for an initiative to increase their capacity in manufacturing training programs. The initiative will enable the …

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Iowa wind turbine plant announces 407 layoffs

The Siemens wind turbine manufacturing plant  — a major supplier to MidAmerican Energy Co. — said Tuesday it would layoff two-thirds of its workers at the Fort Madison plant.
The layoffs are prompted by sluggish…
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Manufacturing cools in New York region

Manufacturing in the New York region contracted more than forecast this month, Bloomberg reported. The Federal Reserve Bank of New York’s general economic index dropped to minus 10.41, the lowest since April 2009, from minus …

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Eagle Iron Works finds potential buyer

Eagle Iron Works has signed a term sheet for the company to be purchased by a Pennsylvania company, the Des Moines manufacturer announced Thursday afternoon. An acquisition could save Eagle Iron Works from closing. It …

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Manufacturing index reflects weak export market

American manufacturing growth remained sluggish in August, as exports declined for a third consecutive month and companies were slow to add new workers, according to a survey released on Tuesday.

The final Markit U.S. Manufacturing …

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Sauer-Danfoss hires new CEO

Ames-based Sauer-Danfoss Inc. announced today that Eric Alstrom has been appointed president, CEO and director, effective Oct. 5. Alstrom, 46, has 20 years of experience in the automotive industry.

He will take over for Sven …

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Midwest manufacturing output up in July

Regional manufacturing output increased in July, bumping up the Chicago Fed Midwest Manufacturing Index 1.8 percent to a seasonally adjusted level of 95.6.

The index stood at 100 in July 2007. Regional output rose 12.5 …

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Manufacturers try to quantify cost of growing regulation

A new study attempts to quantify what many U.S. manufacturers have felt for decades: Government regulations are weighing them down, the Washington Business Journal reports.

The report comes as a federal appeals court this week gave utilities and manufacturers …

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Deere cuts profit forecast

Deere & Co.’s cut its full-year profit forecast as sales slow in Asia and Latin America, undermining the growth strategy at the world’s largest manufacturer of agricultural equipment, Bloomberg reported. Net income for the full …

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