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Think Tank
Industrial Manufacturing: Page 41
Tata Steel Closing Welsh Blast Furnaces, Cutting 2,800 Jobs
Tata is planning to switch from coal-fired blast furnaces to electric furnaces through a $634 million investment from the British government.
Samsung Heavy Industries Lands $235M Gas Carrier Deal
Samsung Heavy Industries said that the two very large ammonia carriers (VLACs) are scheduled to be delivered by the end of November 2027.
U.S.-Owned Cargo Ship Near Yemen Hit by Missile
The situation is even causing a rise in demand for shipping containers in Asia as shippers and forwarders foresee cargo demand in the coming weeks.
Orsted Partner to Sell Wind Farms, Take $1.6B Charge
Eversource Energy is in exclusive negotiations to sell its 50% stakes in the developments to a “global private infrastructure investor,” it said January 8 in a statement.
GE Business to Build Turbines for Massive Wind Project
GE Vernova will utilize its Pensacola, Florida factory to fulfill the large order, while tower manufacturing operations will come from facilities in Texas, New Mexico and Colorado.
Germany Sticks to Subsidy Cuts as Farmer Protests Block Roads
Scholz defended the farmers’ right to protest, but warned about efforts by far-right groups to hijack demonstrations and destabilize the country.
India Facing Surprising Shortage of Factory Workers
Instead of seeing workers move onto factory floors, India appears instead to be de-industrializing.
BP, Equinor Tear Up Contract for Big New York Offshore Wind Project
BP and Equinor were among a group of developers that were rebuffed in October after asking state regulators for higher rates to deliver power from offshore wind farms.
Vietnamese EV Maker Planning Battery Plant in India
VinFast said in October 2023it would build assembly factories in India and Indonesia that each have an annual capacity of up to 50,000 cars and a capital expenditure of up to $200 million at first.
New Actions from the White House Highlight the Difficulty of Tracing Forced Labor in Supply Chains
While recent actions won’t end the issue of forced labor entirely, this may well be a meaningful milestone in the long-running effort.
U.S. Launches Semiconductor Supply Chain Review Due to China Concerns
The survey aims to identify how American companies are sourcing legacy chips as the country looks to award almost $40 billion in subsidies for semiconductor chip manufacturing.
U.S. Considers More Tariffs on Chinese Electric Vehicles, Other Goods
Officials from the White House and various Cabinet agencies have been discussing whether to hike duties on certain Chinese exports, said people familiar with the matter who spoke anonymously.
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