John Astad's List: Manufacturing Sector

• nion officials last week rejected pay cuts and other concessions that mill owners had said could help stave o
• Plant officials asked for a $3.65-an-hour pay cut
• were told that it would help the plant remain open if the union allowed some concessions.
• Sanderson said it was disrespectful for the economic officials to meet with plant management without informing the union.
• At the time, the members turned down the pay cut.
• Classes are being offered in motorcycle repair, electrician training, heating and air conditioning, and basic electronics
• company, which produces one-tenth of the world's steel,

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• Coke oven to be idled

  • U.S. Steel Lake Erie Works http://www.lakeeriesteel.com/lakeeriesteel/
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• Nanticoke

  • August 27th, 2007, US Steel purchased Stelco for $1.9 billion--$1.1 billion in cash, and assuming $800 million in debt. The deal closed effective October 31, 2007. The company was renamed U. S. Steel Canada Inc. and its shares were delisted from the Toronto Stock Exchange.

  • Formerly Steel Company of Canada (STELCO)
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• U.S. Steel'

  • World's tenth largest steel producer ranked by sales

  • Largest domestically owned integrated steel producer in the United States
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• decision came mere hours after an employment report documented much higher job losses in the United States than experts had anticipated.
• battery's 45 ovens are to be emptied by Thursday
• U.S. Steel operations in southern Ontario have been shrouded in secrecy since the company took over the former Steel Company of Canada (Stelco) in 2007. The sale was conditional on U.S. Steel increasing production and making new investments in Nanticoke and Hamilton.

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• Caraco Pharmaceutical Laboratories
• Caraco Pharmaceutical Laboratories
• Caraco Pharmaceutical Laboratories

  • In 1996, Sun purchases of stake in Detroit-based Caraco Pharmaceutical Laboratories, which specialized in the manufacture of generic dosage form medications and gave Sun its first USFDA-approved production plant. Source: Wikipedia

  • Owned by Sun Pharmaceutical (or Sun Pharmaceutical Industries Limited) is an international pharmaceutical company based in Mumbai, India.
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• Caraco Pharmaceutical Laboratories
• Food and Drug Administration ordered the seizure of more

  • June 26, 2009 U.S. Marshals, at the request of the Food and Drug Administration, seized drug products manufactured by Caraco Pharmaceutical Laboratories Ltd. (Caraco), at the company's Michigan facilities in Detroit, Farmington Hills, and Wixom
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• recession began in December 2007, the U.S. Department of Labor says 3.8 million people lost jobs in about 37,000 mass layoffs, which it defines as groups of 50 or more. In May, 312,880 workers were part of mass layoffs, the highest level on record.
• ompany must file notice if it lays off one-third of staff over three months

• Nippon Paper, Japan's second largest paper maker by revenue.
• Japan is the world's third-largest producer and consumer of paper.
• smaller paper companies, such as Hokuetsu and Kishu Paper Co., have been forced to merge, while larger companies such as Nippon Paper and Oji have been expanding overseas.

  • Mergers and Expansions
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• aims to make Nippon Paper one of the world's top five pulp and paper companies by that year
• We also hope to derive 30% of our revenue from overseas operations, compared with about 15% currently.

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• create more regulations and mandates on manufacturers and business
• American Clean Energy and Security (ACES) Act of 2009 (H.R. 2998) creates a "cap and trade"
• make sure that a mix of reliable and affordable energy sources is available to consumers
• According to the U.S. Chamber of Commerce, the ACES Act imposes 397 new regulations and 1,060 new mandates.
• ignificantly reduce our ability to compete globally

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