June 2, 2008
Source: GM plans more restructuring | www.autonews.com
How long will the “do nothing” board at GM allow Waggoner and his team to continue their destruction of the company? How many restructuring scenarios will they be allowed before their board realizes that the plans presented are not working? When will the top folks be held accountable? Will they wait until the company is unsalvageable and all the top guys have ridden into the sunset with huge retirement packages? They have had so many “fix it” restructuring plans that they are probably to the state of recycling some of the old ones to buy more time.
MINING WORKER SHORTAGE AT ALL LEVELS
May 15, 2008
U.S. energy industry is hampered by labor shortage | www.iht.com
During the early 1970's the coal industry started to expand and found that not only was there a shortage of engineers and technical people but there were no available machine operators, maintenance people or labors. The entire work force was starting to reach retirement age and the industry had very little growth during the prior twenty five years. I spent several years hiring many totally inexperienced people and teach them to become coal miners. We held many training courses to train our maintenance people both in the class room and with hands on work in the mines working on equipment with supervisors explaining the " how to " part of the work they were learning to do. After going through a turn over rate of twenty to thirty percent for a four year period we finally had a fairly competent work force.
Plastics Markets are Softening, But There is Hope for Plastics Economics
May 15, 2008
Graham Packaging net sales up 8 per cent | www.prw.com
First quarter results from converters confirm that demand for plastics packaging materials is down. The good news is that higher revenues are attributed to thier ability to increase prices. If converters have pricing power in the market, this should be good news for resin producers.
Power costs are THE key to chlor-alkali margins
April 30, 2008
Grangemouth firm in deal with British Energy | business.timesonline.co.uk
Energy costs are the most important input to chlor-alkali production costs. Companies who have advantaged energy contracts, like those with low cost hydroelectric power, have a significant cost advantage in the market. If Ineos can secure discounted electricity supplied to their operations in Runcorn, they pull closer to competing with hydroelectric power supplied firm, particularly in northern Europe.
What will it take for GM to wake up?
March 27, 2008
GM may boost vehicle prices to offset rising costs | www.autonews.com
I am convinced that this company cannot prosper with the present leadership in place. A complete house cleaning is probably the only hope for this company. How do the top guys continue to not only keep their jobs, but continue to be paid bonuses for the abysmal performance. Some of these players have been in their current positions for several years with track records that would have eliminated their team from the tournament long ago.
Commodity chemicals won't see the same "break"
March 4, 2008
Fourth-Quarter Specialty Chemical Results Vary By Sector | www.chemweek.com
Specialty chemical are not as sensitive to underlying raw material costs as commodities. In addition, the structure of specialties softens the price volatility. Commodity chemicals will not enjoy these kinds of results as energy prices increase, a recession looms, and increasing global capacity dampens export prices.
SPX Seized the Window of Opportunity
February 27, 2008
SPX sees 2008 profit up on global energy demand | www.reuters.com
SPX`s acquisition of APV is a fine example of a strategic power play to gain market share from formable giants the likes of Tetra-Laval and GEA. Timely executed the strategy takes advantage of a recognized need for higher heat exchanger efficiencies and an increase of installed base. The deployment of the strategy included the recruitment of ex Alfa-Laval Global General Manger Market Unit for Vegetable Oil Technology, Charles Ruben, a commendable manoeuvre.
December 27, 2007
With Detroit Downbeat on 2008, Its Suppliers are singing The Blues | www.nytimes.com
GM will never change until the top leadership is gone. They still operate in the mode of Jack Smith and Ignatio Lopes. A look at their performance over the past decade would convince anyone that their failed strategies do not work and will never work without significant changes starting with top leadership. Any coach with the won-loss record of GM would have been fired and sent to the minors long ago. Think about it! Who should be held accountable for declining market share and abysmal profitability if not the very top guy and the top guy in purchasing? The "tooth fairy" did not cause such poor performance. This company needs new leadership.
November 7, 2007
Goodyear Reports Record Third Quarter Results | www.aftermarketnews.com
Good year has made significant progress sine the days of Gibara,but they are losing ground to both Michelin and Bridgestone. They do not have the efficiency levels of Bridgestone or the technology of Michelin. Their capital investment in new processes is approximately half that of the top two. They are sure to fall behind in plant efficiency. The move to remove retiree health care from their books and to the United Steelworkers is a small band-aid on their legacy cost. They will have to invest more in plant effeciency or be left in a distant third place.
Mexico Border Crossings Demand Knowledge & Resources: Do You Really Need a 3PL?
October 15, 2007
Logistics providers increase focus on Mexico | www.purchasing.com
Operating cross border shipments is not as complicated or troublesome as some would suggest. What's needed is knowledge of US and Mexico Customs laws, a commitment to compliance, and understanding the distance specialized truckers like/want to travel. The question is: are you up for it or do your infrastructure constraints dictate handing it off?
Chesapeake Energy bites the natural gas bullet
January 25, 2012
Flurry of newbuild drilling rig deliveries in 2012 may dampen rig rates
January 20, 2012
Talisman joins the ranks of cautious E&P companies
January 12, 2012
Early signs of caution begin to cloud frontier exploration and production
January 4, 2012
It's too early in the game to write off Shtokman
December 8, 2011