Tuesday, June 19, 2018
All News
PPG Reports First Quarter 2018 Financial Results
April 19, 2018
PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE:PPG) today reported first quarter 2018 net sales of about $3.8 billion, up nearly 9 percent versus the prior year. Net sales in local currencies grew approximately 3 percent year-over-year aided by higher selling prices of almost 2 percent. Selling prices increased by 100 basis points sequentially versus the
Boonton Strengthens Its Position as the Peak Power Measurement Leader with Introduction of the
April 19, 2018
PARSIPPANY, N.J.--(BUSINESS WIRE)--Boonton, a Wireless Telecom Group company (NYSE:WTT), strengthens its position as the peak power measurement leader with the introduction of the 4500C, its next generation Peak Power Analyzer. Designed to capture, display, analyze and characterize microwave and RF power in both the time and statistical domains, it
Researchers Discover Plastic-Eating Enzyme
April 19, 2018
The team’s goal is to use their findings to continue to improve the new enzymes to break down these plastics, but in a fraction of the time. New research claims that an enzyme can break down ubiquitous plastic bottles made of PET in what could eventually revolutionize recycling. This breakthrough in enzyme research was led by the
Haimer to Host Open House at North American Headquarters
April 19, 2018
Haimer will be opening the doors to its North American headquarters May 8-10, 2018. The open house will include industry speakers, live demos and presentations, and networking opportunities, as well as the North American premiere of new tooling technologies. The theme is “Explore Industry 4.0,” and the company will
Curtiss-Wright’s Industrial Division Farris 3800L Series Pressure Relief Valve Receives ASME
April 19, 2018
CHRISTCHURCH, UK--(BUSINESS WIRE)--Curtiss-Wright’s Industrial division has announced that its Farris Engineering business unit has received ASME Code Section VIII certification for the 3800L Series pilot operated pressure relief valves with modulating pilot controls (PCM) for use in air, gas and vapor service. Previously, the 3800L was only
Versum Materials to Host Second Quarter Fiscal 2018 Earnings Conference Call and Webcast on Tuesday,
April 19, 2018
TEMPE, Ariz.--(BUSINESS WIRE)--Versum Materials, Inc. (NYSE:VSM) will host a conference call and webcast to discuss results for its second quarter ended March 31, 2018, on Tuesday, May 8, 2018, at 11:00 a.m. Eastern Time. The Company will issue a press release reporting its results prior to the market opening. To participate via telephone, please
Lawson Products Announces First Quarter 2018 Results
April 19, 2018
CHICAGO--(BUSINESS WIRE)--Lawson Products, Inc. (NASDAQ: LAWS) (“Lawson” or the "Company"), a distributor of products and services to the MRO marketplace, today announced results for the first quarter ended March 31, 2018. Highlights Average daily sales ("ADS") increased 15.0% to $1.341 million during the first quarter of 2018
Milrem Robotics to Develop a Propane Tank Hauler for Mac’s Trax Inc
April 19, 2018
COOPERSVILLE, Mich.--(BUSINESS WIRE)--Mac’s Trax Inc has contracted the developer of smart unmanned robotic systems Milrem Robotics to develop a new tracked propane tank hauler. "Milrem Robotics is well known as the developer of the tracked hybrid modular infantry system the THeMIS, an unmanned ground vehicle (UGV) to help soldiers on the
Rockwell Collins Declares Regular Quarterly Dividend
April 19, 2018
CEDAR RAPIDS, Iowa--(BUSINESS WIRE)--The Board of Directors of Rockwell Collins (NYSE: COL) has declared a quarterly dividend of 33 cents per share on its common stock, payable June 4, 2018, to shareholders of record at the close of business on May 15, 2018. About Rockwell Collins Rockwell Collins (NYSE: COL) is a leader in aviation and
Teledyne Announces 2018 Annual Meeting of Stockholders and First Quarter 2018 Earnings Webcast
April 19, 2018
THOUSAND OAKS, Calif.--(BUSINESS WIRE)--Teledyne Technologies Incorporated (NYSE:TDY) today announced that the company will webcast its 2018 Annual Meeting of Stockholders on April 25, 2018, beginning at 9:00 am Pacific. To access the annual meeting webcast, go to www.teledyne.com before the scheduled start time. A replay will be available at this
Snap-on Announces First Quarter 2018 Results
April 19, 2018
KENOSHA, Wis.--(BUSINESS WIRE)--Snap-on Incorporated (NYSE: SNA), a leading global innovator, manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users performing critical tasks, today announced operating results for the first quarter of 2018. Net sales of $935.5 million in the
Porsche Posters
April 19, 2018
This coming Sunday in Torrance, California (the city where Toyota’s U.S. Blog Post: 4/19/2018 Gary S. Vasilash Editor-in-Chief, Automotive Design & Production This coming Sunday in Torrance, California (the city where Toyota’s U.S. HQ used to be located; the place where Honda’s still is) Luftgekühlt 5 will be held. This
Manufacturing News of Note: April 2018
April 19, 2018
Absolute Machine Tools turns 30, a new manufacturing cybersecurity hub in the works and other industry news. Blog Post: 4/19/2018 Jedd Cole Associate Editor, Modern Machine Shop Absolute Machine Tools Inc. (Lorain, Ohio) is marking its 30th year as a machine tool importer and distributor in North America. Steve Ortner and Hayden Wellman founded the
AGCO Power Celebrates its 75th Anniversary
April 19, 2018
DULUTH, Ga.--(BUSINESS WIRE)--AGCO (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and solutions, is celebrating the 75th anniversary of AGCO Power this year. AGCO Power is AGCO’s global engine brand known for top performance and durability. “AGCO´s engine business, known today
Association Update: News and Reviews from Industry Organizations
April 19, 2018
News and reviews from American Mold Builders Association (AMBA), The Mold Technologies Division of The Society of Plastics Engineers (SPEMTD) and Canadian Association of Mold Makers (CAMM). The AMBA Annual Conference held in Grand Rapids, Michigan, was the first significant event of 2018 geared solely toward moldmaking. It was two full days of
GrafTech Announces the Pricing of Its Initial Public Offering
April 19, 2018
BROOKLYN HEIGHTS, Ohio--(BUSINESS WIRE)--GrafTech International Ltd. (the “Company”) today announced the pricing of its initial public offering of 35,000,000 shares of its common stock. The shares have been offered by its sole stockholder, an affiliate of Brookfield Business Partners LP, a publicly listed business services and
Trajectory Switch in PE, PP Pricing? PS, PVC Prices Holding?
April 19, 2018
Going past the mid-month mark, pricing for four of the large volume commodity resins was still uncertain. A switch in the trajectory between PE and PP—now down-to-up, appears to be in the offing, while PS and PVC prices seemed to be in something of a holding pattern. Here’s the latest take from PetroChemWire (PCW), and Michael
Orbital ATK-Built Planet-Hunting Satellite Successfully Deployed For NASA
April 19, 2018
DULLES, Va.--(BUSINESS WIRE)--Orbital ATK (NYSE: OA), a global leader in aerospace and defense technologies, announced that the Transiting Exoplanet Survey Satellite (TESS), built by the company for NASA, was successfully launched today aboard a SpaceX Falcon 9 rocket. As the first-ever exoplanet satellite to perform a survey of the entire sky,
Celanese Corporation Increases Dividend 17 Percent and Declares Quarterly Dividend
April 19, 2018
DALLAS--(BUSINESS WIRE)--Celanese Corporation (NYSE:CE), a global technology and specialty materials company, today announced that its board of directors has approved a 17 percent increase in the company's quarterly common stock cash dividend. The dividend increased from $0.46 to $0.54 per share of common stock on a quarterly basis and from $1.84
Celanese Announces Acetyl Intermediates Price Increases
April 18, 2018
DALLAS & AMSTERDAM--(BUSINESS WIRE)--Celanese Corporation (NYSE: CE), a global technology and specialty materials company, will increase list and off-list selling prices for the following acetyl intermediates products. The price increases below will be effective immediately or as contracts otherwise allow, and are incremental to any previously
Alcoa Corporation Reports First Quarter 2018 Results
April 18, 2018
PITTSBURGH--(BUSINESS WIRE)--Alcoa Corporation (NYSE: AA): Net income of $150 million, or $0.80 per share Excluding special items, adjusted net income of $145 million, or $0.77 per share $653 million of adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) excluding special items Revenue of $3.1 billion $1.2 billion cash
John Ashe Named President and CEO of Lucas-Milhaupt Unit of Steel Partners Holdings
April 18, 2018
MILWAUKEE--(BUSINESS WIRE)--Lucas-Milhaupt, Inc., a global manufacturer of metal-joining products and associated fabrication services, and a unit of Steel Partners Holdings L.P. (NYSE: SPLP), today announced the appointment of John Ashe as its President and Chief Executive Officer, effective May 7, 2018. Ashe joins Lucas-Milhaupt from the
Chase Corporation Divests Structural Composites Business
April 18, 2018
WESTWOOD, Mass.--(BUSINESS WIRE)--Chase Corporation (NYSE American: CCF) announced that it has sold its structural composites rod business to Roblon US, Inc. for a purchase price of approximately $2,100,000, pending any working capital adjustments and excluding any future royalty payments to be made by the buyer. The transaction, entered today, is
Enterprise Receives Top Honors for Safety
April 18, 2018
HOUSTON--(BUSINESS WIRE)--Enterprise Products Partners L.P. (NYSE:EPD) today announced that it is the recipient of the GPA Midstream Association (GPA) safety award for 1st place safety performance among companies with at least one million work hours. Founded in 1921, the GPA is a trade organization with approximately 100 members engaged in the
Kinder Morgan Increases Dividend by 60 Percent
April 18, 2018
HOUSTON--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE: KMI) today announced that its board of directors approved a cash dividend of $0.20 per share for the first quarter ($0.80 annualized) payable on May 15, 2018, to common stockholders of record as of the close of business on April 30, 2018. This is a 60 percent increase from last quarter’s
American Plastics Acquires Centrex Plastics & Creative Plastic Concepts
April 18, 2018
ST. LOUIS--(BUSINESS WIRE)--American Plastics, LLC (“American Plastics”), a leading manufacturer, importer and distributor of consumer storage and commercial cleaning products, and a Highview Capital, LLC (“Highview”) and Victory Park Capital Advisors, LLC (“Victory Park”) portfolio company, today announced it
Flinders University Scientists Develop New Environmental Polymer Which Quickly and Effectively Soaks
April 18, 2018
ADELAIDE, Australia--(BUSINESS WIRE)--On the eve of the anniversary of the US Deepwater Horizon disaster, polluted beaches, oily water, dead birds and marine life destruction caused by crude oil spills could be a thing of the past thanks to pioneering research led by Flinders University. In an exciting, sustainable answer to clean up oil spill
Ferro Schedules Conference Call for First Quarter 2018 Results
April 18, 2018
CLEVELAND--(BUSINESS WIRE)--Ferro Corporation (NYSE: FOE) today announced the following details for its first quarter 2018 conference call.   Date and time: Wednesday May 2, 10:00 a.m. Eastern Time   Ferro participants: Peter Thomas, Chairman, President and Chief Executive Officer Benjamin Schlater, Vice President and Chief Financial
CORRECTING and REPLACING Mosaic Announces 2018 First Quarter Earnings Release and Conference Call
April 18, 2018
PLYMOUTH, Minn.--(BUSINESS WIRE)--Second paragraph, first sentence of release should read: Mosaic expects to release the earnings results at approximately 4:30 p.m. Eastern Time, simultaneously posting performance data on its website in a tabular form (instead of Mosaic expects to release the earnings results at approximately 3:30 p.m. Eastern
Phillips 66 Partners Announces 5 Percent Increase in Quarterly Cash Distribution
April 18, 2018
HOUSTON--(BUSINESS WIRE)--Phillips 66 Partners LP (NYSE: PSXP) announces that the board of directors of its general partner declared a first-quarter 2018 cash distribution of $0.714 per common unit. This quarter’s distribution represents an increase of 5 percent over the previous quarterly distribution of $0.678 per unit and a 22 percent
Cummins Announces Availability of X12™ With Autocar
April 18, 2018
COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) is pleased to announce that starting in the fourth quarter of 2018, Autocar – an American manufacturer of severe-duty, cab-over-engine vocational trucks, will introduce the X12 in their ACX® model. “With its best-in-class power-to-weight ratio, Cummins believes that the X12
Conventya Products Aim to Meet Surface Finishing Challenges
April 18, 2018
Coventya will highlight a variety of its latest products at Sur/Fin 2018, including Finicoat coatings, the Alumal aluminum surface treatment line and WaterCare wastewater treatment line, and 3S anode technology. New Product Post: 4/18/2018 Coventya will highlight a variety of its latest products, including Finicoat coatings, the Alumal aluminum
Dragonfly-inspired Nano Coating Kills Bacteria Upon Contact
April 18, 2018
Scientists say studies show that wings of dragonflies and cicadas prevent bacterial growth due to their natural structure. The surfaces of their wings are covered in nanopillars making them look like a bed of nails. The wings of dragonflies and cicadas inspired a group of researchers from the Agency for Science, Technology and
Inserts' CBN Brazing Treatment Enables Deeper Cuts
April 18, 2018
Tungaloy introduces WavyJoint cubic boron nitride (CBN) inserts with a CBN brazing technology for higher productivity in hard-turning operations. New Product Post: 4/18/2018 Edited by Julia Hider Assistant Editor, Modern Machine Shop Tungaloy introduces WavyJoint cubic boron nitride (CBN)
More Flutes Give Thread Mill Greater Performance
April 18, 2018
Constructed of MT8 carbide with Carmex’s BLU coating, the FMT thread mill is designed to deliver accurate thread geometry and surface quality in shorter cycle times. New Product Post: 4/18/2018 Edited by Julia Hider Assistant Editor, Modern Machine Shop Constructed of MT8 carbide with Carmex’s Blu coating,
United Grinding Names Regional Sales Managers
April 18, 2018
United Grinding North America (Miamisburg, Ohio) has appointed two regional sales managers to strengthen applications, service and sales support for the company’s cylindrical grinding products. Michael Hilbert now supports customers in the Central region, while Doug Smith supports customers in the Southeast region. Mr. Hilbert,
Kansai Paint Group Announces First Ever Anti-Mosquito Paint Approved By the EPA
April 18, 2018
TROY, Mich.--(BUSINESS WIRE)--Kansai Paint Group, a global manufacturer of paints and coatings, (Head office: Osaka Japan, President and CEO: Hiroshi Ishino) has announced approval from the U.S. Environmental Protection Agency (EPA) for its Kansai Anti-Mosquito Paint. The Kansai Anti-Mosquito Paint is designed for interior use and contains a
Trinseo Announces Release Date and Conference Call for First Quarter 2018 Financial Results
April 18, 2018
BERWYN, Pa.--(BUSINESS WIRE)--Trinseo (NYSE: TSE), a global materials solutions provider and manufacturer of plastics, latex binders and synthetic rubber, today announced that it will host a conference call to discuss its First Quarter 2018 financial results on Thursday, May 3 at 10 AM Eastern Time. Commenting on results will be Chris Pappas,
Innophos to Host First-Quarter 2018 Financial Results Conference Call on May 1
April 18, 2018
CRANBURY, N.J.--(BUSINESS WIRE)--Innophos Holdings, Inc. (Nasdaq:IPHS), a leading international producer of specialty ingredients and custom-formulated solutions, today announced that the Company will host a conference call for investors and analysts on Tuesday, May 1, 2018 at 9:00 a.m. ET to discuss its first-quarter 2018 results. The press
Stratasys Rolls out Industry Certification Program in North America, Designed to Bridge the Additive
April 18, 2018
MINNEAPOLIS & REHOVOT, Israel--(BUSINESS WIRE)--Stratasys Ltd. (NASDAQ: SSYS), a global leader in applied additive technology solutions, today rolled out a new industry certification program in North America – designed to more effectively bridge the skills gap it observes in the additive manufacturing industry. Engineered in conjunction
Materion Recognized for Supplier Excellence
April 18, 2018
MAYFIELD HEIGHTS, Ohio--(BUSINESS WIRE)--Materion Corporation, (NYSE:MTRN), an advanced materials solutions provider, is being honored for supplier excellence by Texas Instruments Incorporated (TI), a global leader in semiconductor design and manufacturing. This annual award is given only to a very select group of suppliers whose dedication and
Computer Integrated Manufacturing - Increasing Use of Abrasive Jet Cutting Machines is an Emerging
April 18, 2018
LONDON--(BUSINESS WIRE)--Technavio’s latest market research report on the global computer integrated manufacturing market provides an analysis of the most important trends expected to impact the market outlook from 2018-2022. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and
Aero Spray Inc. Changes Name to Dauntless Air, Appoints New CEO and Expands Fire Boss Fleet
April 18, 2018
APPLETON, Minn.--(BUSINESS WIRE)--With a commitment to accelerate the industry’s transformation to a modernized approach to aerial firefighting, Aero Spray Inc., the leading U.S. operator of AT-802F Fire Boss aircraft, has rebranded as Dauntless Air. The company also today announced the expansion of its fleet and the recent naming of a new
OSI Systems Announces Third Quarter Conference Call
April 18, 2018
HAWTHORNE, Calif.--(BUSINESS WIRE)--OSI Systems, Inc. (Nasdaq: OSIS) today announced that it will hold its quarterly conference call on Thursday, April 26, 2018 at 1:30pm PT (4:30pm ET) to discuss its results for the quarter ended March 31, 2018. This call is being webcast by NASDAQ OMX and through the investor relations section at
New Success for Structural-Foam Pallet Molding
April 18, 2018
Wilmington Machinery recently installed a fully automated structural-foam pallet molding system. Wilmington Machinery is discussing the recent installation of a fully automated structural-foam pallet molding system.  Wilmington Machinery is revealing details at NPE of a structural-foam pallet molding system recently installed for a
It’s All About Speed at Sumitomo (SHI) Demag
April 18, 2018
Sumitomo Demag all-electric toggles and hybrid injection molding machines are molding high-speed medical and packaging applications. Sumitomo Demag SEEV-A all-electrics are present at the show in the full size range from 50 to 500 metric tons. Sumitomo (SHI) Demag has brought 12 machines to NPE, eight of them in its own booth and four in
T-Turn FM Chipbreaker Targets Steel and Stainless Steel
April 18, 2018
Ingersoll Cutting Tool Co.’s T-Turn FM chipbreaker series are designed especially for steel and stainless steel applications where semi-finish to medium machining is required. New Product Post: 4/15/2018 Edited by Bart Bishop Assistant Editor, Production Machining Ingersoll Cutting Tool Co.’s T-Turn FM chipbreaker is desgined
MagnaReady® Shirts Now Available in Extended Sizes at DXL
April 18, 2018
NEW YORK--(BUSINESS WIRE)--MagnaReady®, the original magnetic shirt company, announces its patented magnetic closure system is now available in the new Synrgy™ Performance MagnaReady® Dress Shirt at DXL Men’s Apparel stores and through destinationXL.com. For people with Rheumatoid Arthritis, Parkinson’s Disease, or just
Ampco-Pittsburgh Subsidiaries to Increase Price on Forged and Cast Rolls
April 18, 2018
CARNEGIE, Pa.--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) announced today that its subsidiary, Union Electric Steel Corporation (“Union Electric Steel”), will raise prices on forged and cast roll products that it and its subsidiaries produce globally. These subsidiaries include the acquired companies formerly comprising
Intertek Launches InlightTM Network: A streamlined supply chain exchange to improve compliance goals
April 18, 2018
LONDON--(BUSINESS WIRE)--Intertek, a Total Quality Assurance provider to industries worldwide, is pleased to announce the launch of Inlight Network, an innovative service offering providing customers with an end-to-end, risk management solution as part of their supply chain risk management. Inlight Network is a trusted online platform for suppliers