Recently added articles from Metalworking Insiders' Report:
Gildemeister and Mori Seiki announce broad collaboration.(DEAL INCLUDES RECIPROCAL 5% OWNERSHIP)
Mar 26, 2009 ... Two of the world's five largest publicly traded machine-tool producers are partially joining forces in a alliance that will include joint R&D, production, and distribution. To seal the deal, Gildemeister A.G. and Mori Seiki Co. Ltd. each will own 5% of the other's capital stock. ...
Citizen and Miyano, now siblings, jointly plan consolidations.
Mar 26, 2009 ... Citizen Machinery Co. (Miyota, Nagano Prefecture, Japan) and its new sister company Miyano Machinery Inc. (Ueda, Nagano Pref.), which is now 66%-held by Citizen Holdings Co., expect to save 1-billion yen (about $11-million) in annual cost by consolidating both production and offices. ...
Builder Ultra Tech acquires distributor Motch & Eichele.
Mar 26, 2009 ... Northern-Ohio-based automation house and specialty-machine-tool builder Ultra Tech Machinery, Inc. has acquired Motch & Eichele Co., a Cleveland-area machine-tool distributor. The new distribution company operates under the name Motch & Eichele Company, L.L.C., and it continues ...
U.S. Manufacturing Technology orders plummet in January.
Mar 26, 2009 ... Orders for new machine tools and other manufacturing equipment reported by the U.S. Manufacturing Technology Consumption survey fell to $95-million for the month of January, the lowest monthly numbers since the program began in 1996. The January number was down 59% from December ...
Distributor trade association moves.
Mar 26, 2009 ... Citing rent savings of 20% plus new access to larger meeting rooms, the American Machine Tool Distributors' Assn. has moved to new offices in Rockville, Md. Telephone and fax numbers remain the same. The trade association is now located at 7361 ...
Operating rate falls in February.
Mar 26, 2009 ... The group of metalworking industries in the durable manufacturing cluster had an operating rate of 61.7% of theoretical maximum. That represents another slide from January. The average operating rate for that sector, over the years 1972-2008, is 77.9% of maximum, so the ...
Asian expansion for Enshu.
Mar 26, 2009 ... Second-tier Japanese builder Enshu Ltd.--headquartered in Hamamatsu, Shizuoka Pref., the motor town where Honda was bore and Suzuki Motor is headquartered--has begun to strengthen its network in Asia outside Japan. In Thailand, it has turned Bangkok Enshu Machinery Co. into a ...
EMO offers show package aimed at smaller exhibitors.
Mar 26, 2009 ... Bowing to the financial crisis the organizers of this Fall's EMO Milano 2009 are offering all-inclusive pricing aimed at bringing small- to medium-sized exhibitors to the October 5-10 machine-tool show. Exhibit space, promotional material, handling, services and other special offers are ...
Loosen the credit logjam, AMT committee tells Congress.
Mar 26, 2009 ... In testimony before the House committee on financial services, AMT government-relations committee member Iris Mitropoulis called on Congress to re-prioritize the metrics by which loan decisions are made, away from cash flow as the primary consideration and to other elements. Such factors ...
Renishaw moves to CMM-retrofit biz.
Mar 26, 2009 ... Recognizing that the time may be opportune for expanding its presence in the coordinate-measuring-machine business, measuring-probe pioneer Renishaw has been recruiting technical and sales staff--including from Metris--to enlarge a "one-stop" CMM-retrofit service. In London ...
Mitsubishi Electric in new collaboration with OKK.
Mar 26, 2009 ... Mitsubishi Electric Corp. (Melco; Tokyo, Japan) has widened its alliance to help increase electric-discharge-machine sales by teaming up with another Japanese machine-tool builder, OKK Corp. (Itami, Hyogo Prefecture). Melco, the diversified electrical machinery manufacturer last ...
Milacron files Chapter 11.(Company News)
Mar 26, 2009 ... Publicly held industrial-fluids and plastics-machinery producer Milacron Inc. (Batavia, Ohio) will be sold to investor funds Avenue Capital Group and DDJ Capital management under a voluntary Chapter 11 bankruptcy reorganization. The investors will provide $80-million in ...
Federal Broach and Machine Co. L.L.C. (Harrison, Mich.) has appointed Star SU L.L.C. (Hoffman Estates, Ill.) as a sales agent in North America for its broaching machines and broaching tooling.(Company News in Brief)
Mar 26, 2009 ... Federal Broach and Machine Co. L.L.C. (Harrison, Mich.) has appointed Star SU L.L.C. (Hoffman Estates, Ill.) as a sales agent in North America for its broaching machines and broaching tooling. The agreement, signed by Daniel Bickersteth, CEO of Federal Broach and David Goodfellow, ...
Sandvik Coromant Co.(Company News in Brief)
Mar 26, 2009 ... Tooling provider Sandvik Coromant Co., the arm of the Swedish producer, has opened a productivity center in the Chicago area, in Schaumburg, Ill. It joins others in ...
AMT--The Association for Manufacturing Technology.(People News)
Mar 26, 2009 ... AMT--The Association for Manufacturing Technology (McLean, Va.) has been seeking a new president since the end of February at the abrupt resignation of Robert K. Simpson. A Cincinnati-area native, Simpson, 49, had joined the trade association last June and took over as president at the ...
Master Chemical Corp.(People News)
Mar 26, 2009 ... At metalworking fluids producer Master Chemical Corp. (Perrysburg, Ohio), Cary R. Glay has joined as chief financial officer. He's been in ...
Sodick Co. Ltd.(People News)
Mar 26, 2009 ... Japanese machine-tool producer Sodick Co. Ltd. appoints Peter Capp to the ...
Ewag A.G.(People News)
Mar 26, 2009 ... At grinder producer Ewag A.G. (Etziken, Switzerland), Peter Schwenk, 43, is named managing director, taking over from ...
American Machinist.(People News)
Mar 26, 2009 ... At American Machinist magazine (Cleveland, Ohio) Robert Brooks is the new editor-in-chief, ...
Royal Products.(People News)
Mar 26, 2009 ... At grinder builder Royal Products (Happauge, N.Y.), Tom Sheridan becomes VP of marketing, responsible for marketing and sales in North America and overseas, ...