Latest Production facilities News

South Korea logs record trade deficit as tech demand falls

Jan. 31, 2023 23:41 PM EST

SEOUL, South Korea (AP) — South Korea logged its biggest monthly trade deficit ever, at $12.7 billion in January, as exports of computer chips and other high-tech items sank and costs for importing oil and gas surged, the trade ministry said Wednesday. The growing shortfall...

Is there hope for a dying river in Kenya's growing capital?

Jan. 30, 2023 11:15 AM EST

NAIROBI, Kenya (AP) — Vultures scavenge for dead animals along a river turned sewer conduit in Kenya's capital Nairobi. Its waters turn from clear to black as it traverses informal settlements and industrial hubs. The river and its tributaries cross Kibera, known as Africa’s...

Will Europe's ban on Russian diesel hike global fuel prices?

Jan. 30, 2023 04:24 AM EST

FRANKFURT, Germany (AP) — Europe is taking another big step toward cutting its energy ties with Russia, banning imports of diesel fuel and other products made from crude oil in Russian refineries. The European Union ban takes effect Feb. 5 following its embargo on coal and most...

They sold land under their mobile homes, now they regret it

Jan. 28, 2023 03:12 AM EST

ST. PETERSBURG, Fla. (AP) — Nancy DeCamp can no longer bear to enter the home on lot 257. Her sister Tootie lived here, just a golf cart ride from where Nancy shares a place with her husband in their manufactured home community in central Pinellas County. After Tootie died in...

Oregon pins hopes on mass timber to boost housing, jobs

Jan. 27, 2023 21:33 PM EST

PORTLAND, Ore. (AP) — Inside a warehouse at the industrial Port of Portland lies what some believe could be the answer to Oregon's housing crisis — a prototype of an affordable housing unit made from mass timber. Once mass-produced at the factory being planned at the port, the...

US company gets $120 million boost to make 'green steel'

Jan. 26, 2023 23:57 PM EST

The manufacture of "green steel" moved one step closer to reality Friday as Massachusetts-based Boston Metal announced a $120 million investment from the world's second-largest steelmaker, ArcelorMittal. Boston Metal will use the injection of funds to expand production at a pilot...

Puerto Rico selects company to privatize power generation

Jan. 25, 2023 13:04 PM EST

SAN JUAN, Puerto Rico (AP) — Puerto Rico privatized its electricity production on Wednesday, selecting Genera PR to take over the operation and maintenance of state power generation units in the U.S. territory as part of an initial $22.5 million annual contract. The announcement...

J&J tops 4Q earnings forecasts as profit, revenue slip

Jan. 24, 2023 10:48 AM EST

Johnson & Johnson beat earnings expectations in the final quarter of 2022 even as a strong dollar and sinking COVID-19 vaccine sales hurt revenue. The health care giant also debuted on Tuesday a better-than-expected 2023 earnings forecast. J&J said...

China's Huawei looks to ports, factories to rebuild sales

Jan. 23, 2023 23:20 PM EST

TIANJIN, China (AP) — As technicians in a distant control room watch on display screens, an automated crane at one of China’s busiest ports moves cargo containers from a Korean freighter to self-driving trucks in a scene tech giant Huawei sees as its future after American sanctions crushed its...

Biden’s next climate hurdle: Enticing Americans to buy green

Jan. 23, 2023 10:54 AM EST

WASHINGTON (AP) — President Joe Biden persuaded Democrats in Congress to provide hundreds of billions of dollars to fight climate change. Now comes another formidable task: enticing Americans to buy millions of electric cars, heat pumps, solar panels and more efficient appliances. ...