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Turkish tool and mould industry to grow 15% this year 2012-04-23
Author: Eric Culp
From: ETMM magazine
In an exclusive interview with ETMM, the chairman of UKUB, the association of Turkey’s tool manufacturers, said the country’s mould making industry will grow by 15% this year and sales will exceed $800 million. Chairman Samil Ozogul also noted that half of mould sales in 2011 were earned through exports.
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Canada’s composite leading index rose 0.4% in March 2012 2012-04-20
Author: Editor
From: MRO Magazine
Canada’s composite leading index rose 0.4% in March 2012, following a 0.7% rise in February, reports Statistics Canada. This was the index's ninth consecutive monthly increase. Of the 10 components, eight advanced.
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U.S. Machine Tool Orders Rebound in February 2012-04-17
Author: Robert Brooks
From: America Machinist
Manufacturers’ new orders for machine tools and related technology rose 9.3% to $444.06 million in February from $406.34 million in January, and up 35.2% over the $328.44 million recorded in February 2011. The information is contained in the U.S. Manufacturing Technology Orders (USMTO) report, maintained and issued by AMT - The Association For Manufacturing Technology and based actual data collected from participating companies.
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Indiana Machining Group Adding Eighth Plant 2012-04-02
Author: Robert Brooks
From: American Machinist
Busche Enterprise Division Inc., an Indiana machining group, is investing $17.4 million to add 36,000 sq.ft. of new manufacturing space, at a new location near its headquarters in Albion, Ind. The project will add new CNC machining capacity for Busche’s production of steering and brake components, and may lead to as many as 120 new employees by 2015.
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European Machine Tool Builders Fear “De-Industrialization” 2012-03-28
Author: Robert Brooks
From: American Machinist
The European Association of the Machine Tool Industries (CECIMO) is raising concern about its members’ declining market share, and using a new market study to argue for the importance of having manufacturers work closely with customers, to develop new capabilities and to market products and services effectively.
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Key Industry Groups Announce Merger at MFG Meeting 2012-03-11
Author: Mark Albert
From: Modern Machine Shop
AMT—The Association For Manufacturing Technology and AMTDA—The American Machine Tool Distributors Association announced the merger of the two trade organizations at the MFG Meeting (Manufacturing For Growth) in Orlando, Florida. AMT represents companies that develop and market machine tools and other manufacturing equipment. AMTDA represents companies involved in the distribution, implementation and support of machine tools and related equipment.
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GE Gains Large-Scale Contract for Wind Turbines 2012-03-08
Author: Robert Brooks
From: American Machinist
General Electric reports it has a contract to supply 41 wind turbines for four projects being developed in Germany by Energiekontor AG. The value of the order is not known, but GE said the turbines would be capable of producing 250 million kilowatts of electricity annually, which would be equivalent to the demand of more than 70,000 homes.
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February Manufacturing Activity Grows, but Disappoints 2012-03-03
Author: Robert Brooks
From: American Machinist
U.S. manufacturing activity increased in February, according to the Institute for Supply Management’s Purchasing Managers’ Index, but the rate of growth declined for the first time in three months. The news disappointed analysts, who suggested a range of explanations involving higher fuel and raw materials prices, and less robust consumer activity, for the slower rate of domestic manufacturing.
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GE Opens Hybrid Electric Water Heater Plant, Says 'Lean' Helps Make U.S. Manufacturing Competitive 2012-02-21
Author: Jill Jusko
From: Industry Week
It was not very long ago -- 2008, to be exact -- that General Electric announced plans that included possibly selling off its appliances business. Fairfield, Conn.-based GE at the time said the option was being considered as part of the company's strategy to focus on long-term growth.
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Annual Industrial Production Growing at 7.5 Percent in U.S market 2012-02-10
Author: Steve Kline, Jr
From: Modern Machine Shop
The consumer durable goods industrial production index was 86.5 in December 2011. December is typically one of two seasonal lows in the industrial production data. While December saw the second lowest index value in 2011, the reading was 9.2 percent higher than in December 2010. The one-month rate of change has grown by more than 9 percent each of the three months prior.
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