This is a multi-part message in MIME format. 8bit text/html IW_IndustryWeek Daily_: IndustryWeek's Daily Headlines -- 4/7/08 View this shop as a Web page Please add IW_IndustryWeek Daily_ to your Safe Sender list. IndustryWeek's Daily Headlines -- April 7, 2008 Brought to you by IndustryWeek at Visit our forums and Blogs at *** Bart Huthwaite, Lean Innovation Guru, Discusses "Ripe Bananas" *** Bart Huthwaite is a world-renowned expert in innovation leadership and the founder of the Institute for Lean Innovation. When you attend this April 17 webcast, Bart will teach you about the new business philosophy, management practices, and project protocols to create Lean and innovative offerings. You'll learn how the "rule of ripening bananas" can help your company recognize and satisfy the market's needs. Sponsored by SAP and itelligence. Sign up now! TABLE OF CONTENTS **Today's Feature: Designing for Environmental Compliance [WEB EXCLUSIVE] **Today's Feature: Small and Midsize Headaches: By The Numbers **Today's Feature: Every Millisecond Counts` **News Updates And Forum Posts **Toyota Sets Up Advanced Research Institute in Michigan **Production Plummets as Romanian Car Strike Continues **Chavez to Nationalize Cement Industry in Venezuela Update **Foreign Exchange: Dollar Fights Back on Rosier U.S. Outlook **Mergers & Acquisitions: Novartis Buys Stakes in Alcon From Nestle **Materials: POSCO Agrees to Tripling in Coking Coal Price **Get Your Latest OEM News TODAY'S FEATURES Designing for Environmental Compliance: Companies that take advantage of PLM technology with compliance data management solutions will leapfrog the competition. [WEB EXCLUSIVE] Small and Midsize Headaches: By The Numbers: Supply chain costs also rank high. Every Millisecond Counts: Filter manufacturer says computers need maintenance, too. NEWS UPDATES AND FORUM POSTS In an effort to keep you up-to-date, IndustryWeek adds news items throughout the day. You can receive these instantly through our RSS feeds or by visiting our daily news page. This item ran over the weekend on -- click on the link for the details. Manufacturing Losses 48,000 Jobs in March Keep up-to-date with the latest manufacturing discussions in IndustryWeek's Forums at >Toyota Versus Chrysler In Blogosphere Court (Mfg. 2.0) "...haven't the leading candidates right here in the U.S. been calling for funding exactly this type of public/private research/design partnerships? It's a question of priorities -- Japan, Inc. builds up its industries, while we build up...Iraq." Visit the link below to read more and comment. TODAY'S HEADLINES *** Toyota Sets Up Advanced Research Institute in Michigan *** Compiled By Adrienne Selko Tokyo announced on April 4 that it has established an institute located on the Ann Arbor, Mich. campus of the Toyota Technical Center (TTC) that specializes in advanced research. The Toyota Research Institute of North America (TRI-NA), -- a division of Toyota Motor Engineering & Manufacturing North America, Inc.--aims to strengthen TMC's advanced research efforts in North America, while enhancing interaction with North American universities and research organizations. TRI-NA plans to accelerate advanced research in "energy and environment, safety" and other fields conducted by TTC (which has been engaged in both advanced research and research for improving products for North America) and to adopt "mobility infrastructure" as a new theme. Over the next four years, TMC will invest $100 million in TRI-NA, which was established with 35 researchers and administration staff members and which plans to add 10 researchers by the end of 2008 and an additional 20 by the end of 2010. This development is part of TMC's efforts to strengthen R&D for helping make sustainable mobility a reality, according to a company statement. *** Production Plummets as Romanian Car Strike Continues *** By Agence France-Presse Negotiations remained stalled April 4 between management and unions as a strike for better wages at the Romanian car plant Dacia brought production down to a trickle. The management of Dacia, owned by Renault, refused to budge until the unions called off the strike, said a spokesman for the company at Pitesti in southern Romania. Only 85 cars came off the line April 3 compared to 61 an hour or an average of 1,300 daily at normal production capacity. Production was gradually resuming after more than a week during which only gearboxes and car assembly kits had been produced due to the strike, the spokesman said. Between March 24, when the stoppage began, and April 1, the plant had turned out 3,565 vehicles including the first of its new Logan pick-up models, the spokesman said. According to management some two-thirds of the 13,000-strong workforce had returned to work, a figure disputed by the union,which said 7,600 or more than half were still out. The workforce, protesting low pay, is seeking a monthly increase of 550 lei (US$ 231) to bring the average gross monthly wage to 435 euros, compared to 285 euros currently. The management has made an offer to increase the average wage by at least 250 lei. But it has withdrawn an original offer for this increase to cover the period from January to March. But the union rejected what it called management pressure, saying the Renault workforce in France would provide its Romanian fellow-workers with financial help. On April 2 a court deferred judgment on the legality of the strike. The company management had filed for an injunction by the court on the grounds that the union had allegedly started the strike before all stages of negotiation had been exhausted, and had also allegedly "inflated" the numbers of strikers. Dacia is Romania's leading carmaker. It was bought in 1999 by Renault, and achieved record sales last year of more than 230,000 vehicles in Romania and for export, a 17.4% increase compared to 2006. Copyright Agence France-Presse, 2008 *** Chavez to Nationalize Cement Industry in Venezuela *** By Agence France-Presse President Hugo Chavez has ordered the immediate nationalization of cement companies in Venezuela, which include Mexico's Cemex and France's Lafarge. "We are going to nationalize the cement industry," Chavez said in a cabinet meeting late on April 3, adding that affected companies would be compensated. Lafarge and Cemex are the two major cement companies in Venezuela, followed by Switzerland's Holcim. The declaration sparked immediate concern in Mexico, with the government seeking an explanation from Caracas. "The ministry of foreign affairs has got in touch with the Venezuelan government to gain more insight into the declaration of President Hugo Chavez," a statement said. It said the Venezuelan ambassador to Mexico City would be summoned, and added that the government wanted to protect the "interests" of Mexican firms operating in Venezuela. Holcim, the world's second-biggest cement maker, said it was taking very seriously plans to nationalize the industry in Venezuela. "We take that very seriously but we stay calm because this is not the first time that (the Venezuelan president) announces that the sector is going to be nationalized. We have to wait and see what happens," a Holcim spokesman said. Holcim has two plants in Venezuela with annual capacity of three million tons or 1.5% of the group's total, accounting for one percent of its global revenues. Chavez had said: "We're going to make an assessment, we will pay what it cost these people and we will at the same time make a technological plan to modernize the cement plants while putting social power in the hands of the state." Chavez, the outspoken leftist leader of Latin America's top oil producer, complained that the cement companies were not serving Venezuelan demand, preferring to export their production. Venezuela nationalized oil fields in the Orinoco basin in 2006, forcing foreign oil companies to give Venezuela's state-run oil company PDVSA at least a 60% share in their operations there. France's Total accepted $834 million in compensation; Italy's ENI took $700 million, and Norway's Statoil $266 million. But ExxonMobil and ConocoPhillips, disputed the move and demanding World Bank-sponsored talks. ExxonMobil in January secured a court-ordered assets freeze on $12 billion in global assets of PDVSA in New York, London, the Netherlands and the Netherlands Antilles. A London judge lifted the freeze last month, and Venezuela said it would take the matter back to international arbitration. Copyright Agence France-Presse, 2008 ************** MARKET REPORT ************** North America Markets (Close, 4-04-08) DJIA, U.S.: 12,609.42, -16.61 NASDAQ U.S.: 2,370.98, +7.68 S&P 500, U.S.: 1,370.40, +1.09 Toronto 300, Canada: 13,668.19, +116.90 European Markets: (11 a.m. GMT, 4-07-08) FTSE-100, UK: 5,983.40, +36.30 DAX, Germany: 6,827.66, +64.27 Asian Markets: (Close, 4-07-08) Nikkei225, Japan: 13,450.23, +157.01 Hang Seng, Hong Kong: 24,578.76, +314.13 Sensex, Mumbai: 15,757.08, +413.96 Commodities Update (4-04-08, Settle) NYMEX..... Future Change Gold Jun 08 913.20 $/oz +3.50 Silver May 08 17.76 $/oz +0.30 Copper May 08 3.96 $/lb +0.06 Crude Oil May 08 106.23 $/bbl +2.40 Gasoline May 08 2.76 $/gallon +0.04 Heating Oil May 08 2.99 $/gallon +0.07 Natural Gas May 08 9.32 $/MMBtu -0.10 ***Foreign Exchange*** Dollar Fights Back on Rosier U.S. Outlook: (AFP) In London, the dollar rebounded on April 7 as some traders looked beyond recent gloomy U.S. data, betting on a recovery in the U.S. economy later in the year, analysts said. The euro changed hands at 1.5711 dollars against US$1.5736 late on April 4, at 161.21 yen (159.66), 0.7911 pounds (0.7893) and 1.5918 Swiss francs (1.5831). The dollar stood at 102.63 yen (101.45) and 1.0131 Swiss francs (1.0058). The pound was at 1.9868 dollars (1.9930). ***Mergers & Acquisitions*** Novartis Buys Stakes in Alcon From Nestle: (AFP) Swiss pharmaceutical group Novartis boosted its healthcare portfolio on April 7 by buying a quarter of the world's biggest eye care company Alcon from food giant Nestle for about $11 billion in cash with an option to buy another 52%. Nestle said it would use the funds from the divestment to support opportunities for growth as it sought to expand in the nutrition, health and wellness areas. Novartis said the purchase would enhance its "longer-term growth prospects with greater access to the faster-growing eye-care market, a speciality field with unmet patient needs and annual sales of about 25 billion dollars in 2007." In 2007, Alcon generated annual sales of $5.6 billion and net profit of $1.6 billion. ***Materials*** POSCO Agrees to Tripling in Coking Coal Price: (AFP) The world's fourth largest steelmaker POSCO has agreed to a tripling in the price of coking coal from an Australian miner, the South Korean firm said April 7. The deal, which took effect from April 1 for fiscal 2008, came after floods in Australia reduced global supplies. "We agreed to a 205% to 210% price increase for some of the coking coal provided by an Australian company, which we cannot identify," POSCO spokeswoman Ko Min-Jin said. POSCO said it could not disclose the new price. It previously purchased coal from the same company for about $98 dollars a ton, meaning the latest price would be around $299-304 a ton. Analysts said the increase in the cost of coking coal, together with a hike in iron ore prices, heralds an increase in steel prices. Iron ore prices have soared due to growing demand and steelmakers also face increasing costs for coal and coke. POSCO is competing with global giants to meet rapidly growing Asian demand led by China and India. Sources: IndustryWeek staff, Agence France-Presse Copyright Agence France-Presse, 2008. AFP text, photos, graphics and logos shall not be reproduced, published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. AFP shall not be held liable for any delays, inaccuracies, errors or omissions in any AFP content, or for any actions taken in consequence. *** Get Your Latest OEM News *** OEM News, a new e-Article from American Machinist, assembles the freshest stories, news items and events of interest to original equipment manufacturers -- conveniently delivered to your shop inbox. OEM News is reported by respected editors in the industry, so you'll always know what's happening in your market and related industries. 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