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To counter declining profits, Air Products will implement a global cost reduction plan to reduce capacity and costs. "First, we have milwaukee shut down or will divest several underutilized facilities within our gases and chemicals segments," says chairman and CEO John P. Jones. "Second, we are implementing cost reductions to improve productivity, including balancing engineering resources with project chop activity. And third, we are reducing the number of management positions in the company to streamline our structure. Collectively, saw these actions will result in the elimination of 461 positions worldwide." The program is aimed at saving $38 million in fiscal 2004.As part milwaukee of the restructuring, Air Products will shut down two liquid oxygen/liquid nitrogen plants at undisclosed locations. The company is also actively seeking a buyer for its $65 million to $70 million European methylamines business and is setting up its US methylamines business for divesture, having already closed its methanol and ammonia plant chop in Pensacola, Fla., notes Bane of America Securities analyst Mark Gulley.

I watch Riley paging through the book Diggers, a string of drool swaying gently from his chin. Here is the Big Muskie, the biggest shovel ever made (a bus sits in the blade), the trencher, the mole that dug the Chunnel. "Mama, read it!" he commands. We start over, examining each picture in detail, and I realize again how much I am enjoying myself. would never have spontaneously decided to research construction vehicles. But here I am now, able to inform unenlightened acquaintances about the difference between backhoes and bulldozers. I perk up when I pass a construction site, even if Riley is not with me. It''s so much fun that I hope I''ll be able to let it go when he does -- when his interest turns to, say, weaponry, as everyone assures me it will. I can see myself, birthday after birthday, giving him the latest innovation in construction machinery toys, while a teenaged Riley, too shy to point out that he is now into tax law, accepts them politely and without enthusiasm.

"We''re seeing opportunity in all these markets, as opposed to aerospace, which is already well served," Thorne said. Coastcast is probably the largest U.S. producer of titanium club heads today. Last year, it delivered about 1.25 million finished heads to various club manufacturers, down somewhat from the previous year. Despite the exodus of casting overseas, Bryan Rolfe, vice president of sales and business development, said Coastcast (which also produces stainless steel heads) was "absolutely" committed to maintaining its role in North America and was working to "wring the labor out" of its cost structure.

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