GLG News by Aluminum Pricing Trend Experts

George DorkhomExecutive ChairmanGREENKOTE PLC

Temporary lay-offs in Italy maybe OK,but plant closure ..guess what

September 10, 2009

Analysis of:Italian Government Reaches Union Agreement on Fiat’s CNH Plant | www.bloomberg.com

Italian Labor law is so inflexible about layoffs and forget the future of the plant in Imola if it invovles permanent closure. Italy, behind Spain , is one of the most socialistic countries when it come to labor law giving no flexibility whatsoever to industry in manoeuvering during difficult times, that is while Fiat CEO is scanning the globe and is in bed with Chrysler , not only for high cost production , but also for labor inflexibility.

George DorkhomExecutive ChairmanGREENKOTE PLC

Outsourcing is the trend ..do not cry wolf

September 8, 2009

Analysis of:Defense industry pleads for investment | www.ft.com

To my best of my knowledge the UK defense spending in 2010 is projected to be up by a few percentage points and so as the EU and Nato..so what is the fuss all about..outsourcing? then they have to cry endlessly as this has been the trend for a long time in the world of the defense industry,but perhaps a novelty in Britain.

George DorkhomExecutive ChairmanGREENKOTE PLC

Konecranes actions are a must rather than a strategy

September 6, 2009

Analysis of:Konecranes Starts Statutory Negotiations in Headquarter Functions in Hyvinkää | www.konecranes.com

KoneCranes has experienced a 40-50% decline in orders year over year and a restructuring plans in not only warranted but a must. The demand for cranes both in the industrial as well as construction and on/off-shore has declined so rapidly that unless drastic actions are taken companies as Kone and others including Demag and Terex are at risk for survival.

George DorkhomExecutive ChairmanGREENKOTE PLC

No Moral Comparison / EU handouts to Airbus and Boeing business with Uncle Sam

August 31, 2009

Analysis of:WTO to rule next week on Airbus funding dispute | www.google.com

To state that a hand to Airbus from Germany , France and Britain is the moral equivalent to legitimate services rendered by Boeing to the US government is none sense . The Europeans must learn how to do business and compete in the real world and subsidies is immoral and anti-competitive. The European and EU Government complain about China and other Asian dumping laws yet they practice the same.

George DorkhomExecutive ChairmanGREENKOTE PLC

EADS is in turbulent times

August 26, 2009

Analysis of:EADS second-quarter profit up 76%; Airbus targets 300 gross orders | atwonline.com

EADS business which is almost 90% commercial aircraft dependant will experience hard times as it is currently in the eye of the Hurricane without visibility for future orders or cancellation of current orders .

George DorkhomExecutive ChairmanGREENKOTE PLC

Ingersoll Rand CEO Talks the company share prices up

August 4, 2009

Analysis of:Ingersoll-Rand sees signs recession is almost over | www.marketwatch.com

It is surprising for a leader of such a resprected company to talk the stock prices up based on insignificant statistis while the company sales and orders are down by some 20%

George DorkhomExecutive ChairmanGREENKOTE PLC

Auto makers and the dinasourses

April 5, 2009

Analysis of:Chrysler Plan Trims Fiat's Stake, Cuts Out Cerberus | online.wsj.com

The US car makers ,especially GM and Chrysler, have caused self inflicting injuries on their operations and other orgnizations that work with them and for them. , I have written in the fall of 2008 about the ultimate need for GM and Chrysler to file for chapter 11 and reorganize under the supervision of the court and have then explained the merits of filing and how fitting these companies' circumstances to such filing. My article was not that popluar at the time ,because I think the auto industry insiders are and still in denial with the arrogance that how could it be possible that GM is in Bankruptcy ? well it is possible and if this was done early on, we the tax payers would not have to throw good money after bad money , and also the bleeding would  perhaps have stopped ..sort off.Chapter 11 to flush out the old GM and Chrysler and emerge as a new, strong, leaner and perhaps smaller companies is the answer,  of course with a different management team that know the real world.

Paul GlantzPresidentMetal Recycling Consultants

Indicators Show Base Metal Prices are Establishing a Floor

December 11, 2008

Analysis of:Rio Cuts 14,000 Jobs, Spending as Demand Falters | www.bloomberg.com

Rio announcing major job cuts and expense reduction has major bullish inclination to base metal pricing.

George DorkhomExecutive ChairmanGREENKOTE PLC

Bailout the automakers ..no way

November 24, 2008

Analysis of:‘Peak-oil’ doomsayers catch Wall St.’s attention | www.iht.com

The problem with Detroit is arrogance and know it all..for years now the leadership at Detroit three auto makers insisted on not briniging new and fresh blood from the outside..you do not the autombile industry , you are no good. Yet there are  tremendous talents out there that can can help bring about new ideas and approaches for automaking.Except for A. Mullaly and by accident Nardelli..look at who is running Detroit...they keep producing  ineffecient cars ,not to the liking of the current generation of Americans and for that matter the global markets, and un-negotiated labor contracts that are unbelievably expensive and putting the US automakers at a $2000 disavantage  per car than the competition, yet they come to DC and say they employ 3.0 people, they pay health care to current employees and retirees...and I ..I.. I.. and you owe. No the tax payer does not owe you and you should run your business as most companies do and let the free market forces decide...Detroit needs a revamp

George DorkhomExecutive ChairmanGREENKOTE PLC

Not so fast either...outsourcing continues

October 8, 2008

Analysis of:Is Outsourcing to China Over? | www.inc.com

The writer of the article is seemingly unware of the trends that are taking place in outsourcing to low cost producing countries, including China and India and has not been following the apparent trends that are shifting the landscape not only for large manufacturing companies but even the mid sized and the smaller , these do not only include metal bending but also engineering brains beyond IT.

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