Douglas K. Woods, AMT President April U.S. manufacturing technology consumption totaled $222.36 million, according to AMT — The Association For Manufacturing Technology and AMTDA, the American Machine Tool Distributors’ Association. This total, as reported by companies participating in the USMTC program, was down 15.
A challenging economy is prompting manufacturers to cut costs in ways that affect nearly every aspect of the business. It is forcing early retirements and layoffs of skilled personnel. It is prohibiting investment in new equipment. And it is putting pressure on long-held and proven sourcing practices, such as purchasing premium rotating components and technology through established supply chain venues.
DES MOINES, Iowa (AP) — The state of Iowa's decision to grant state tax credits for a major modernization project at the John Deere Foundry in Waterloo is saving nearly 300 jobs at the company. According to documents Deere & Co. filed with the Iowa Department of Economic Development, the tax credits is allowing the company to retain 60 salaried positions and 235 hourly jobs in Waterloo.
MELBOURNE, Fla. (AP) — Northrop Grumman Corp. said Monday it has won a $517 million contract from the U.S. Army to develop up to three hybrid airships for battlefield surveillance. The airship, dubbed the Long Endurance Multi-Intelligence Vehicle, or LEMV, is slightly longer than a football field.
HOUSTON (AP) — Texas asked a federal court on Monday to intervene in its fight with the Environmental Protection Agency over how the state regulates emissions from oil refineries and other petrochemicals plants. Texas Attorney General Greg Abbott asked the 5th U.S. Circuit Court of Appeals in New Orleans to review the EPA's rejection in March of a 1995 state law that allows refineries to be modified without being subject to additional regulation, provided the changes don't increase a facility's overall emissions.
HARRISBURG, Pa. (AP) — Chocolate maker The Hershey Co. said Monday it will spend $250 million to $300 million to modernize several facilities and cut costs as part of a plan that is intended to save $80 million a year and could mean big changes for the company's hometown. Hershey made the announcement after its board unanimously approved the plan.
WASHINGTON (AP) — The U.S. Department of Defense said Monday that it has awarded Navistar Defense LLC a $17.2 million contract to support its armored trucks being used in combat zones. The work is scheduled to be finished by the end of June 2011. The work will be performed in Afghanistan, Iraq and Kuwait.
BOISE, Idaho (AP) — The Environmental Protection Agency on Monday ordered a chemical company to halt toxic, explosive gases leaking from a southeastern Idaho Superfund site that toxicologists concluded were an "urgent public health hazard." Philadelphia-based FMC Corp. operated a phosphorous production plant from 1949 to 2001 on the Eastern Michaud Flats area west of Pocatello, on the Shoshone-Bannock Indian Reservation.
RALEIGH, N.C. (AP) — With companies hiring few workers in the prolonged recession, economic developers are trying to create jobs by offering tax breaks and other incentives they might not have a few years ago. Gov. Beverly Perdue's administration said Monday it had offered a division of Canadian auto-parts giant Magna International $1.
NEW YORK (AP) — Electric car maker Tesla Motors Inc. set terms for its highly anticipated IPO Tuesday, saying it now hopes to raise about $185 million by selling shares to the public and to Toyota Motors Corp. Tesla and its stockholders will sell 11.1 million shares for $14 to $16 each in an initial public offering, according to a regulatory filing.
With the recent volcano eruption in Iceland, major manufacturers with global suppliers have had to halt operations as flights were grounded throughout Europe. Earlier this year, an earthquake in Chile ground supply chains in the area, halting major food source supplies.
A “re-shoring” effort from the National Tool and Machining Association (NTMA) and Precision Metalforming Association (PMA) is laying the groundwork to bring jobs back to the United States, and a main outlet for this initiative are the 2010 NTMA/PMA Contract Manufacturing Purchasing Fairs.
General Mfg., Inc. (Bluffton, IN) has launched its IS300 Intrinsically Safe, Cordless LED work light. The IS300 comes with three 3-watt LEDs and has the capability of operating in beam mode for use as an inspection light. The long-life LEDs are rated at 50,000 hours and produce 5,000K bright, white light.
The Zero-Low Dock Lift from Air Technical Industries (Mentor, OH) is a heavy-duty dock lift table — with a lowered height of 0” — which can raise a load of up to 50,000 pounds. The lift is ideal for use in low-lying areas where a loading ramp is not feasible or not available, or when transferring the load from one level to the next.
Flexco (Downers Grove, IL) recently added the Pun M mobile finger punch to its line of belt fabrication equipment. The Pun M produces more accurate straight finger and finger-over-finger punches. The ergonomic design of the punch makes it easy to set up, and requires no external energy source.
Schober USA (Fairfield, OH) introduces the RSM-410-IML/SMA, the newest version in Schober’s RSM family of rotary die cutting machines. The latest model features automated delivery systems for the production of in-mold labels. The RSM-410 has a working width of 410mm, and additional models have widths of 260mm, 330mm, 430mm, 520mm, and 550mm.
Buying from an authorized distributor is your safest bet, but some companies buy at their own risk when shopping on the gray market. The best assurance that a manufacturer has to minimize the risk of buying counterfeit components is to buy from an authorized source.
I’m not a fan of reality TV. The catty behaviors, the backstabbing, the constant whining — I don’t need it in my life, nor do I care to watch it played out on TV. But I do like watching informative TV Shows, and this past weekend, I caught up on a few episodes of the show, How Do They Do It on the Science Channel.
LOUISVILLE, Ky. (AP) — The leak of a pair of chemicals from a rail car at a Dow Chemical plant in Louisville has been stopped and area residents have been given clearance to go back outside. The officials said the leak has been contained within the facility and added that the leak may have been caused by the heat.
NEW ORLEANS (AP) — BP's costs for responding to the massive oil spill in the Gulf of Mexico have risen to $1.6 billion. According to a company news release, that includes new $25 million grants the British oil giant has given to Florida, Alabama and Mississippi. It also includes the first $60 million for a project to build barrier islands off the Louisiana coast.