Archive for December, 2009

New jobless claims fall unexpectedly to lowest level since July 2008 in sign of recovery

Thursday, December 31st, 2009

The following is an unedited transcript available on the Web site of Department of Labor at:

http://www.dol.gov/opa/media/press/eta/ui/current.htm

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

SEASONALLY ADJUSTED DATA

In the week ending Dec. 26, the advance figure for seasonally adjusted initial claims was 432,000, a decrease of 22,000 from the previous week’s revised figure of 454,000. The 4-week moving average was 460,250, a decrease of 5,500 from the previous week’s revised average of 465,750.

The advance seasonally adjusted insured unemployment rate was 3.8 percent for the week ending Dec. 19, unchanged from the prior week’s revised rate of 3.8 percent.

The advance number for seasonally adjusted insured unemployment during the week ending Dec. 19 was 4,981,000, a decrease of 57,000 from the preceding week’s revised level of 5,038,000. The 4-week moving average was 5,101,000, a decrease of 122,250 from the preceding week’s revised average of 5,223,250.

The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 5.621 million.

UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 557,155 in the week ending Dec. 26, a decrease of 8,088 from the previous week. There were 717,000 initial claims in the comparable week in 2008.

The advance unadjusted insured unemployment rate was 3.9 percent during the week ending Dec. 19, a decrease of 0.2 percentage point from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 5,090,652, a decrease of 254,815 from the preceding week. A year earlier, the rate was 3.4 percent and the volume was 4,572,637.

Extended benefits were available in Alabama, Alaska, Arizona, California, Colorado, Connecticut, Delaware, the District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Kentucky, Maine, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, Tennessee, Texas, Vermont, Virginia, Washington, West Virginia, and Wisconsin during the week ending Dec. 12.

Initial claims for UI benefits by former Federal civilian employees totaled 1,756 in the week ending Dec. 19, a decrease of 390 from the prior week. There were 2,274 initial claims by newly discharged veterans, an increase of 123 from the preceding week.

There were 26,422 former Federal civilian employees claiming UI benefits for the week ending Dec. 12, a decrease of 49 from the previous week. Newly discharged veterans claiming benefits totaled 37,526, an increase of 1,378 from the prior week.

States reported 4,448,914 persons claiming EUC (Emergency Unemployment Compensation) benefits for the week ending Dec. 12, an increase of 191,669 from the prior week. There were 1,567,930 claimants in the comparable week in 2008. EUC weekly claims include first, second, third, and fourth tier activity.

The highest insured unemployment rates in the week ending Dec. 12 were in Alaska (7.4 percent), Oregon (6.1), Puerto Rico (5.8), Wisconsin (5.6), Michigan (5.5), Idaho (5.4), Montana (5.4), Nevada (5.4), Pennsylvania (5.4), and California (5.3).

The largest increases in initial claims for the week ending Dec. 19 were in Michigan (+8,382), California (+7,317), Florida (+3,179), Iowa (+2,820), and Missouri (+1,628), while the largest decreases were in Tennessee (-2,972), Illinois (-2,923), Pennsylvania (-2,875), Georgia (-2,684), and North Carolina (-1,771).

NC State Economist Predicts Growth in 2010

Tuesday, December 29th, 2009
economyBy Laura Barron, NBC17
Updated: Dec. 29 7:13 pm

ShareThis
Tweet This! http://mync.com/site/46187/ RALEIGH, N.C.

The New Year will bring a better economy according to some economists who predict unemployment numbers will improve.

Nationally about 8 million jobs have been lost since the recession began in December 2007 and more than 250,000 of those jobs were lost in North Carolina. That’s sent the state’s unemployment rate as high as 11.1 percent this year. Currently, it’s at 10.8 percent.

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To bring in business Kenneth Atkins, the executive director of Wake County Economic Development, said his office is targeting industries with a strong base here like the games and interactive software industry, biotech and nonwoven textiles.

Read full story at wake.mync.com

Design Firm Awarded for $30.5 Million Nonwoven Fabric University Facility in North Carolina

Monday, December 28th, 2009

SUGAR LAND–December 28, 2009–Researched by Industrial Info Resources (Sugar Land, Texas)–Clark Nexsen Architecture & Engineering (Raleigh, North Carolina) was selected to provide design services for a proposed $30.5 million nonwoven fabric pilot facility to be constructed for North Carolina State University in Raleigh, North Carolina.

Read teh complete article (fee required) at industrialinfo.com

Japan`s Nonwoven fabric production posts single digit decrease in November

Thursday, December 24th, 2009

23 Dec, 2009 – Japan

According to the Monthly Report of the Textiles and Consumer Goods Statistics, as compiled by the Ministry of Economy, Trade and Industry (METI), Japan’s production of nonwoven fabrics in October 2009 decreased by 4.5% from the same month of last year to 27,457 tons. Production has decreased for 14 consecutive months, but the decrease has been becoming smaller, and it was the first single-digit decrease since November 2008.

Spunlace was in an especially favorable condition with its production increasing by 29.8% to 3,168 tons. Its production has increased for five consecutive months. The production increase is supported by growing demand for decontamination wipers with the rise of H1N1 influenza.

January-October nonwoven fabric production fell by 19.2% from the year before to 231,243 tons.

Source: Asian Textile

PGI to employ industry-leading technologies in US & Asia

Tuesday, December 22nd, 2009

PGI CEODecember 22, 2009 (USA)

Polymer Group, Inc. announced it is investing in industry-leading technology in both the U.S. and Asia to serve the hygiene and healthcare marketplace.

PGI plans to install new state-of-the-art, custom-designed, spunmelt machines in the U.S. and China. Construction associated with the projects is expected to begin early in the first quarter of 2010 and material is expected to be commercially available in mid-2011.

With the expansion, PGI will employ industry-leading technologies, combined with recent proprietary technological developments, to deliver differentiated products to customers that will achieve improved barrier, softness and opacity versus current marketplace capabilities for use in such products as diapers, and surgical gowns and drapes.  Read full story fibre2fashion.com

Japanese Firm Licenses Blow-Molding Technology to Graham Packaging

Monday, December 21st, 2009

Grahm Packaging logoYORK, Pa., Dec. 18 /PRNewswire/ — Tokyo-based Tahara Machinery, Ltd., has licensed Graham Packaging Company, L.P., to manufacture its electrically driven blow-molding machines and market them in Europe.

Tahara President Katsutoshi Saeki said his company would collaborate with Graham Packaging to consolidate Tahara’s position as a cutting-edge producer of electrically driven blow-molding machines. Tahara introduced the first electrically driven blow-molding machine in 1994.

Under the licensing agreement, Graham Packaging will manufacture the machines at its Graham Poland factory and market them in Europe through a Warsaw company, Muehsam-Elektromech Jan K. Muehsam i Wspolnicy Spolka Jawna.  Read full story at prnewswire.com

SCA to further invest in personal care products in Russia

Sunday, December 20th, 2009

TENALadyRussia_200Stockholm, 17 December 2009

A new production line for incontinence care products will be built in Russia by SCA following the company’s assessment that the market for incontinence care products is expected to grow considerably in the years immediately ahead.

The Russian market for personal care products is characterized by strong growth.

SCA has been established in the Moscow region since 2008, with the installation of production facilities for baby diapers.

To meet the anticipated consumer demand, SCA has decided to invest in a production line for incontinence products at its plant in the city of Veniov in the Tula district some 180 km south of Moscow.

The decision entails that SCA – once the plant is in place during 2011 – will be able to substantially decrease its import from its plants in Olawa, Poland, or Gennep, Holland. Thereby, high costs for transports and duties will be lowered.

The investment cost for the new production line for incontinence care products will be approximately SEK 138m.

SVENSKA CELLULOSA AKTIEBOLAGET SCA (publ)
Corporate Communications
Box 7827, SE-103 97 Stockholm, Sweden
Tel +46 8 788 51 00 www.sca.com

Netcare plans UK IPO for General Healthcare

Saturday, December 19th, 2009

JOHANNESBURG (Reuters) – Africa’s largest hospital group Netcare said on Tuesday it plans an initial public offering on the London Stock Exchange for the operating unit of UK’s General Healthcare Group Ltd (GHG).

South Africa’s Netcare acquired a majority interest in the GHG Group in May 2006 in a consortium with the other partners.  Read Full Story at reuters.com

Anyone regognize this MeltBlown process?

Saturday, December 19th, 2009

Nordson Corporation (NASDAQ:NDSN) Reports Q4 2009 Earnings

Saturday, December 19th, 2009

Rochester, New York 12/18/2009 01:30 AM GMT (TransWorldNews)

Nordson Corporation (NASDAQ:NDSN) has released the fourth quarter and fiscal year results for quarter and year ending October 31, 2009. The company reported sales at $237 million showing a 15% increase over the third quarter of 2009. Net loss was shows at $209 million, or $6.22 per diluted share for the fourth quarter.  Full story at transworldnews.com