Cracks in Semi-Tubular Rivet Clinches -
Can They Be Eliminated?
Cracks in Semi-Tubular Rivet Clinches -
Can They Be Eliminated?
Published On: Jan 15 2013 08:47:25 AM EST (clickondetroit.com)
Global automotive supplier DENSO is investing nearly $1 billion in North America over the next four years, which will result in more than 2,000 jobs across the region. The investment will allow DENSO to better support its North American customers, as well as expand new business areas and localize products, many of which will help automakers meet upcoming fuel requirements. More than $750 million will be invested in the United States alone, along with more than 1,200 jobs.
Last year, we announced that DENSO will drastically localize product in the regions in which we operate,” said Terry Helgesen, senior vice president of Industry Relations at DENSO International America, Inc. “Not only are we making products in North America, but we’re also localizing critical tooling.”
In the U.S., DENSO is looking at investing more than $750 million in Michigan, Tennessee, Iowa, California and North Carolina. The investment represents an increase in research and development, an expansion in existing production lines, the creation of new production lines, and the opening a new assembly and warehouse facility to support its Heavy Duty customers.
Not only does the investment represent a localization of technology, but DENSO’s also investing in making more of its own manufacturing equipment and dies here. The company has dedicated a building at DENSO Manufacturing Tennessee in Maryville, Tenn., where proprietary machinery will be made. This will serve as the regional headquarters for manufacturing machinery and dies. However, DENSO will make machinery in other regional locations as well.
In the future, DENSO plans to make all of its critical manufacturing equipment in North America. The company has sourced several millions of dollars of business to American machine shops, which will positively impact the community and create additional jobs.
DENSO will continue to invest in North America and regions around the world.
Currently, in North America, DENSO employs more than 14,000 people at 28 consolidated companies and affiliates. Of these, 26 are manufacturing facilities located in the U.S., Canada and Mexico. In the U.S. alone, DENSO employs more than 10,000 people in California, Michigan, North Carolina, South Carolina, Tennessee, Kentucky, Georgia, Iowa, Ohio, and Arkansas.
DENSO Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electric, electronics and information and safety. Its customers include all the world's major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 35 countries and regions (including Japan) and employs more than 120,000 people. Consolidated global sales for the fiscal year ending March 31, 2012, totaled US$38.4 billion. Last fiscal year, DENSO spent 9.5 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges.
In North America, DENSO employs more than 14,000 people with consolidated sales totaling US$6.2 billion for the fiscal year ending March 31, 2012.
NEW YORK (AP) -- Apple CEO Tim Cook says the company will produce one of its existing lines of Mac computers in the United States next year.
Cook made the comments in part of an interview taped for NBC's "Rock Center," but aired Thursday morning on "Today" and posted on the network's website.
In a separate interview with Bloomberg Businessweek, he said that the company will spend $100 million in 2013 to move production of the line to the U.S. from China.
"This doesn't mean that Apple will do it ourselves, but we'll be working with people and we'll be investing our money," Cook told Bloomberg.
A call to Apple Inc. for comment before business hours Thursday was not immediately returned.
Like most consumer electronics companies, Apple lets contract manufacturers assemble its products overseas. However, the assembly accounts for little of the cost of making a PC or smartphone. Most of the cost lies in buying chips, and many of those are made in the U.S., Cook noted in his interview with NBC.
The company and its manufacturing partner Foxconn Technology Group have faced significant criticism this year over working conditions at the Chinese facilities where Apple products are assembled, prompting Foxconn to raise salaries.
Cook didn't say which line of computers would be produced in the U.S. or where in the country they would be made. But he told Bloomberg that the production would include more than just final assembly.
Regardless, the U.S. manufacturing line is expected to represent just a tiny piece of Apple overall production, with sales of iPhones and iPads now dwarfing those of its computers.
Cook said in his interview with NBC that companies like Apple chose to produce their products in places like China, not because of the lower costs associated with it, but because the manufacturing skills required just aren't present in the U.S. anymore.
He added that the consumer electronics world has never really had a big production presence in the U.S. As a result, it's really more about starting production in the U.S. than bringing it back.
The news comes a day after Apple posted its worst stock drop in four years, erasing $35 million in market capitalization. Apple shares fell $18.57, or 3.4 percent, to $529.95 in Thursday's premarket session.
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WASHINGTON (AP) — American factories are humming — and driving the economy forward.
Manufacturers have been hiring more consistently than other employers, for jobs with better-than-average pay. They just had their best month of growth in five years. And more factory output has raised demand in some other industries, such as shipping, leading to further hiring.
"The manufacturing sector is on a tear," said Paul Ashworth, an economist at Capital Economics.
It's an optimistic theme that serves President Barack Obama's political needs. On Wednesday, Obama traveled to Milwaukee to salute a company that brought jobs back to the United States. The president has promoted the nation's manufacturing base as an engine of growth and as evidence of a recovering economy.
No one thinks manufacturing will return to its 1950s peak. After all, the factory sector now makes up barely one-tenth of the economy.
But since the recession ended more than 2½ years ago, factories have been contributing disproportionately to the recovery in hiring and the overall economy.
A big reason, economists say, is that individuals and businesses are making major purchases they delayed during the Great Recession and its aftermath. Consumers are buying more cars and appliances. Companies are investing in industrial machinery and computers.
The release of that pent-up demand gives manufacturing a kick that isn't visible in some other corners of theeconomy. Manufacturing was hit particularly hard by the recession. Consumers postponed purchases of cars, refrigerators and flat-screen TVs, even as they continued to visit doctors, get haircuts and pay utility bills.
"Manufacturing has punched above its weight, but that's because it was punched in the stomach in the recession," Michael Montgomery, a senior economist at IHS Global Insight, said.
Factory output got off to a robust start this year, and it ended last year with the fastest growth in five years, the Federal Reserve said Wednesday.
Those were the best back-to-back monthly performances since summer 2009, when the recession ended, according to Jonathan Basile, an economist at Credit Suisse.
Manufacturing is delivering an outsize benefit to the economy in key ways:
About 9 percent of the nation's jobs are in manufacturing. But last year, factories added 13 percent of new jobs. And in January, about one-fifth of the 243,000 net jobs the economy created were in manufacturing.
Factory growth has also helped to increase hiring in other industries such as shipping, warehousing, department store sales and auto sales. Railroad operators such as Union Pacific have stepped up hiring as their shipments of cars, machinery and other equipment have climbed.
The hiring has boosted struggling Midwestern states such as Ohio and Michigan, which will likely be battleground states in the presidential election.
George Mokrzan, an economist at Columbus, Ohio-based Huntington Bank, said those two states have added a greater percentage of jobs since the recession ended than the nation as a whole.
Average hourly pay for factory workers making durable goods, such as autos, was $20.15 in January, according to the Labor Department. That's above the average of $19.37 for the broad service sector, meaning that each new manufacturing job, on average, fuels more consumer spending than does the equivalent new service-sector jobs.
The service sector, which employs roughly 90 percent of the private-sector workforce, includes everything from restaurants and hotels and retailers to financial service firms and construction companies.
As Clint Eastwood's Super Bowl halftime ad for Chrysler ("Our second half is about to begin.") showed, Americans are thought to respond more emotionally to a rebound in manufacturing than in other sectors. The perception that American manufacturing is healthy again could boost confidence in the economy, some analysts say.
Jeffrey Bergstrand, a finance professor at Notre Dame University, calls it "factory nostalgia" but says that it is "economically legitimate."
"It reminds us of the period of the greatest growth we had in the U.S. economy," Bergstrand said. "It's also ... an association with the boom in the middle class, (when) they were all sharing in that economic boom."
Still, economists caution that expanding factories can do only so much to reduce unemployment. That's because factories have increasingly relied on automation and other advances to produce more goods with fewer people.
Many economists expect manufacturing to keep growing faster than the broader economy for the rest of the year. It's not clear how long that will continue.
"This is nothing more than the manufacturing sector recovering faster because it got hammered worse," Montgomery said.
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