Tuesday, October 16, 2018
All News
BASF Supports Young Spray Coaters as a WorldSkills Sponsor
October 26, 2017
The WorldSkills Competition took place in the Middle East for the first time, in Abu Dhabi, where about 1,200 young people demonstrated their skills in 51 individual competitions. BASF Corporation’s coating division is a global sponsor through 2019 of the WorldSkills Competition, put on by WorldSkills International to
Praxair Declares Dividend in Fourth Quarter 2017
October 26, 2017
DANBURY, Conn.--(BUSINESS WIRE)--The board of directors of Praxair, Inc. (NYSE:PX) has declared a quarterly dividend of 78.75 cents per share, unchanged from the previous quarter. The dividend is payable on December 15, 2017 to shareholders of record on December 7, 2017. About Praxair Praxair, Inc. is a leading industrial gas company in North and
Allegion Reports Third-Quarter 2017 Financial Results
October 26, 2017
DUBLIN--(BUSINESS WIRE)--Allegion plc (NYSE: ALLE), a leading global provider of security products and solutions, today reported third-quarter 2017 net revenues of $609.4 million and net earnings of $89.8 million, or $0.94 per share, up $0.92 per share when compared with third-quarter 2016 EPS of $0.02. Third-quarter 2016 EPS included a $0.87 per
Toshiba Electronic Devices & Storage Corporation Contributions Make Toshiba the Winner of the
October 26, 2017
TOKYO--(BUSINESS WIRE)--Toshiba Electronic Devices & Storage Corporation today announced that Toshiba Corporation (Toshiba Corp.) has received the 2017 MIPI Corporate Award, one of the MIPI® Alliance Membership Awards. The award effectively recognizes the work and achievements of the company, Toshiba Corp’s representatives in the
PPG Unveils Top Colors for European Automobiles
October 26, 2017
PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE: PPG) today unveiled its automotive color trends and data, citing blue as the fastest-growing color for automobiles worldwide, while white remains the most popular choice for cars in Europe. While consumers’ preference for white decreased this year by 1 percent, from 33 percent in 2016, the shade remains
Changing Cutting Tools Solves Three Problems in Hard-Turning Application
October 26, 2017
By switching to a new boring bar, a contract shop that specializes in precision Swiss turning and machining reduced one part’s cycle time by more than seven minutes. Blog Post: 10/26/2017 Emily Probst Managing Editor, Modern Machine Shop While machining 2,000 bushings for a hydraulic pump used in the aerospace industry, Kyle Hawley, owner of
Dust Collectors Designed to be Highly Efficient
October 26, 2017
Tri-Mer Corp. offers wet and dry pollution-control systems, including the Whirl/Wet dust collector, which is said to be 99-percent efficient for a range of applications and micron sizes. New Product Post: 10/26/2017 Tri-Mer Corp. offers wet and dry pollution-control systems, including the Whirl/Wet dust collector, which is said to be 99-percent
Throwback Thursday: Worldwide Review and Analysis of Additive Fabrication
October 26, 2017
I wonder if Terry Wohlers knew just how accurate he was when he examined what was, in 2007, called “additive fabrication” and provided a pointed prediction of the future of the additive industry? I wonder if Terry Wohlers of Wohlers Associates, Inc.knew just how accurate he was when he examined what was, in 2007, called
Mitsubishi Electric Begins Mass-producing Auto Industry’s First Crankshaft ISG System for 48V
October 26, 2017
TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has begun mass-producing the auto industry’s first crankshaft-mounted integrated starter-generator (ISG) system for 48V hybrid vehicles, which will be mounted in Mercedes-Benz vehicles. The system will be exhibited during 45th Tokyo Motor Show 2017
NIKE, Inc. is Accelerating a Consumer-Led Transformation to Ignite Its Next Phase of Long-Term
October 26, 2017
BEAVERTON, Ore.--(BUSINESS WIRE)--NIKE, Inc. (NYSE:NKE) hosted its 2017 Investor Day today which provided an overview on how the Company is accelerating its next phase of long-term, sustainable and profitable growth. Fueled by the Consumer Direct Offense, the Company stated during the investor meeting that it expects to drive high-single digit
Mexichem Reports Third Quarter 2017 Results
October 26, 2017
TLALNEPANTLA DE BAZ, Mexico--(BUSINESS WIRE)--Mexichem, S.A.B. de C.V. (BMV: MEXCHEM*) (“the Company” or “Mexichem”) today announced its unaudited results for the third quarter of 2017. The figures have been prepared in accordance with International Financial Reporting Standards (“NIIF” or “IFRS”),
NewMarket Corporation Reports Third Quarter and First Nine Months 2017 Results
October 25, 2017
RICHMOND, Va.--(BUSINESS WIRE)--NewMarket Corporation (NYSE:NEU) Chairman and Chief Executive Officer, Thomas E. Gottwald, released the following earnings report of the Company’s operations for the third quarter and first nine months of 2017. Net income for the third quarter of 2017 was $59.8 million, or $5.04 per share, compared to net
EnPro Industries Declares Regular Quarterly Dividend
October 25, 2017
CHARLOTTE, N.C.--(BUSINESS WIRE)--EnPro Industries, Inc. (NYSE: NPO) today declared a regular quarterly dividend of $0.22 per share. The dividend is payable December 20, 2017 to shareholders of record as of the close of business on December 6, 2017. About EnPro Industries EnPro Industries, Inc. is a leader in sealing products, metal polymer and
Graco Reports Record Third Quarter Sales and Earnings
October 25, 2017
MINNEAPOLIS--(BUSINESS WIRE)--Graco Inc. (NYSE: GGG) today announced results for the third quarter and nine months ended September 29, 2017.   Summary $ in millions except per share amounts         Three Months Ended Nine Months Ended Sep 29,     Sep 23,     % Sep 29,     Sep 23,  
Babcock & Wilcox to Webcast Discussion of Its Third Quarter 2017 Results
October 25, 2017
CHARLOTTE, N.C.--(BUSINESS WIRE)--Babcock & Wilcox Enterprises, Inc. (NYSE:BW) (the “Company”) expects to webcast a discussion of its third quarter 2017 results on Wednesday, November 8, 2017 at 5:00 p.m. ET. Chairman and Chief Executive Officer E. James (Jim) Ferland and Senior Vice President & Chief Financial Officer Jenny L.
Gardner Denver Reports Strong Third Quarter 2017 Results and Increases EBITDA Guidance for Full Year
October 25, 2017
MILWAUKEE--(BUSINESS WIRE)--Gardner Denver Holdings, Inc. (NYSE: GDI) announced today third quarter revenues of $649.6 million, up 40% versus prior year and a 38% increase excluding the impact of foreign currency (“FX”). Net income in the quarter of $28.0 million resulted in an earnings per share (“EPS”) of $0.13, based on
Curtiss-Wright Reports Third Quarter 2017 Financial Results; Raises Full-Year Sales, Operating
October 25, 2017
CHARLOTTE, N.C.--(BUSINESS WIRE)--Curtiss-Wright Corporation (NYSE: CW) reports financial results for the third quarter and nine months ended September 30, 2017. Third Quarter 2017 Highlights Diluted earnings per share (EPS) of $1.43, including $0.09 resulting from a lower tax rate, came in ahead of expectations and up 40% compared with the prior
Watts Sponsors Water Filtration Towers in Puerto Rico, Indonesia, and India to Support Need for
October 25, 2017
NORTH ANDOVER, Mass.--(BUSINESS WIRE)--Watts Water Technologies, Inc. (NYSE: WTS) today announced its sponsorship of two water filtration systems (AquaTowers) to provide clean drinking water to residents in remote areas of Puerto Rico. The towers will be installed in early November 2017 through a partnership with Planet Water Foundation, a
Seven-Year-Old Hailey Dawson to Open Game 4 of World Series with 3D Printed Custom Prosthetic Hand
October 25, 2017
MINNEAPOLIS & REHOVOT, Israel--(BUSINESS WIRE)--Stratasys (Nasdaq:SSYS), a global leader in applied additive technology solutions, says Game 4 of the World Series this Saturday will be opened by seven-year-old baseball fan, Hailey Dawson, who will pitch the ball with a 3D printed custom prosthetic hand, built by the University of Nevada, Las
BIO Applauds MLP Parity Act, Thanks Senate and House Sponsors
October 25, 2017
WASHINGTON--(BUSINESS WIRE)--The Biotechnology Innovation Organization (BIO) today thanked Senators Chris Coons (D-DE) and Jerry Moran (R-KS) and Representatives Ted Poe (R-TX) and Mike Thompson (D-CA) for reintroducing the Master Limited Partnerships Parity Act of 2017. This bipartisan bill would level the playing field in the tax code by giving
Farmer Veterans Honored and Awarded new Kubota Tractors at Kubota Tractor Corporation’s 2017
October 25, 2017
PHOENIX--(BUSINESS WIRE)--From the main stage of its annual dealer meeting, Kubota Tractor Corporation today announced four new farmer veteran tractor recipients in its 2017 “Geared to Give” program in partnership with the Farmer Veteran Coalition (FVC). During a special ceremony, four recipients, one from each of Kubota’s four
CNC Directly Incorporates Robot Controls
October 25, 2017
As a result of a cooperative agreement with Comau, Siemens offers the jointly-engineered Sinumerik Run MyRobot DirectControl enabling the integration of robot kinematics into a CNC system. New Product Post: 10/25/2017 Edited by Julia Hider Assistant Editor, Modern Machine Shop As a result of a cooperative agreement with Comau, Siemens offers the
Standex Announces First-Quarter 2018 Financial Results and Business Update Conference Call and
October 25, 2017
SALEM, N.H.--(BUSINESS WIRE)--Standex International Corporation (NYSE: SXI) will announce its first-quarter fiscal 2018 financial results on Wednesday, November 1, 2017 prior to the open of the market and will broadcast its conference call live over the Internet at 9:30 a.m. ET that day. On the call, David Dunbar, President and CEO, and Thomas
Moro Corporation Reports 9 Month 2017 Earnings
October 25, 2017
WAYNE, Pa.--(BUSINESS WIRE)--Moro Corporation (OTC: MRCR) today announced that financial results for the nine months ended September 30, 2017 were as follows:       From continuing operations Revenue $ 44,920,161 Net income after tax $ 951,942 Earnings per share $ .16 Average number of common shares outstanding 6,119,337  
Sight Machine Launches Self-Serve Offerings to Provide Visibility for the Manufacturing Enterprise
October 25, 2017
SAN FRANCISCO--(BUSINESS WIRE)--Sight Machine, the category leader for digital manufacturing, today announced a next generation of self-serve capabilities, enabling customers, integrators and partners to take production data from factory floors and generate browser-based visibility into enterprise operations – within minutes. Manufacturing
FieldLab 58 Portable Fluid Analysis System From Spectro Scientific Boosts Performance with New X-ray
October 25, 2017
CHELMSFORD, Mass.--(BUSINESS WIRE)--Spectro Scientific has introduced an upgrade to its FieldLab 58 consisting of a more powerful X-ray fluorescence (XRF) module and newly designed filter that significantly improve the limits of detection for wear metal elements in oil. The FieldLab 58 has also earned a U.S. patent for its innovative and convenient
Textron Declares Quarterly Dividend
October 25, 2017
PROVIDENCE, R.I.--(BUSINESS WIRE)--The Board of Directors of Textron Inc. (NYSE:TXT) today declared a quarterly dividend of $0.02 per share on the company’s Common Stock. All dividends will be paid on January 1, 2018 to shareholders of record as of December 15, 2017. About Textron Inc. Textron Inc. is a multi-industry company that leverages
Nortech Systems Collaborates with Panasonic to Expand Manufacturing Capabilities
October 25, 2017
MINNEAPOLIS & ROLLING MEADOWS, Ill.--(BUSINESS WIRE)--Nortech Systems and Panasonic have collaborated on a new, total-line-solution installation of integrated hardware and software. It provides enhanced Surface Mount Technology (SMT) component placement capability and quality while increasing efficiency and Statistical Process Control (SPC) at
Upwards Movement for Commodity Resin Prices
October 25, 2017
Still, “iffy” on how much of various price initiatives will be implemented as we move to year end. As the third week of the first month of the fourth quarter approached, suppliers of commodity resins continued in their attempts to increase prices, and the degree of their likely success was somewhat up in the air, according to weekly
Online Registration Open for AMUG 2018 Education & Training Conference
October 25, 2017
Online registration is now available for the Additive Manufacturing Users Group (AMUG) 2018 Education & Training Conference, which will be held in St. Louis, Missouri, at the St. Louis Union Station from April 8–12, 2018. The conference, now in its 30th year, is open to owners and operators of industrial additive manufacturing (3D
Machine Combines Additive and Subtractive Processes for Quick Turn of Custom Parts
October 25, 2017
The Lumex Avance-25 is a product from the Matsuura Lumex Avance series, which are now available in North America from Matsuura Machinery USA, Inc. The series are made of powder bed, metal additive manufacturing (AM) platforms with subtractive capability that combine laser sintering and high-speed milling. New Product Post: 10/25/2017 Edited by
Digital Textile Printing Market - Segmentation and Growth Analysis | Technavio
October 25, 2017
LONDON--(BUSINESS WIRE)--The global digital textile printing market is expected to grow at an impressive CAGR of more than 18% during the forecast period, according to Technavio’s latest market research. In this market research report, Technavio covers the market outlook and growth prospects of the global IoT market in energy grid management
PPG Partners with Joey Logano Foundation and Team Penske for COLORFUL COMMUNITIES Project at The
October 25, 2017
CHARLOTTE, N.C.--(BUSINESS WIRE)--PPG (NYSE:PPG) today announced the completion of a COLORFUL COMMUNITIES™ project in partnership with the Joey Logano Foundation and Team Penske that helped revitalize The Relatives in Charlotte, North Carolina. The Colorful Communities program provides PPG volunteers and products along with financial
PPG Announces Price Increase on Industrial Coatings Products in North America
October 25, 2017
PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE:PPG) today announced that it is raising prices an average of 6 percent on all of its industrial coatings technologies in North America. The change is effective Nov. 1, or as permissible by contract, and applies to all industrial coatings end-use segments. Significant increases in both raw material and labor
ON Semiconductor Introduces World’s First Highly Scalable Family of Next-Generation Automotive
October 25, 2017
PHOENIX--(BUSINESS WIRE)--ON Semiconductor (Nasdaq: ON), driving energy efficient innovations and the market leader in automotive imaging, today announced a CMOS image sensor platform that brings new levels of performance and image quality to automotive applications such as ADAS, mirror replacement, rear and surround view systems, and autonomous
Occidental Petroleum Recommends Shareholders Reject the Below-Market “Mini-Tender” Offer by TRC
October 25, 2017
HOUSTON--(BUSINESS WIRE)--Occidental Petroleum Corporation (NYSE:OXY) announced today that it has received notice of an unsolicited “mini-tender” offer by TRC Capital Corporation to purchase up to 2 million shares of Occidental common stock, which represents approximately 0.26 percent of the shares outstanding as of the October 20,
Media Advisory: Details of Ford Motor Company’s October 2017 U.S. Sales Conference Call
October 25, 2017
DEARBORN, Mich.--(BUSINESS WIRE)--Ford Motor Company (NYSE:F) will release its October 2017 U.S. sales results at approximately 9:15 a.m. EDT Wednesday, November 1, 2017. At 10:00 a.m. EDT, Erich Merkle, Ford U.S. sales analyst, will host a conference call for the investment community and news media to discuss the results and related market trends.
Orbital ATK Delivers 100,000th HELLFIRE Rocket Motor
October 25, 2017
DULLES, Va.--(BUSINESS WIRE)--Orbital ATK (NYSE: OA), a global leader in aerospace and defense technologies marked a significant milestone recently with the delivery of its 100,000th AGM-114 tactical motor, the high performance rocket motor that propels the highly successful HELLFIRE® missile. The motor is currently in service with the U.S.
Praxair Signs New Long-Term Contract with BASF in the U.S. Gulf Coast
October 25, 2017
DANBURY, Conn.--(BUSINESS WIRE)--Praxair, Inc. (NYSE:PX), a leading global industrial gas company, and BASF signed a long-term agreement for Praxair to design, build, own, and operate a new syngas processing plant at BASF’s facility in Geismar, Louisiana. The new plant, which will start up in 2020, will produce high-purity carbon monoxide and
Four-, Five-Axis HMCs Fit Multiple Applications, Materials
October 25, 2017
Burkhardt+Weber’s MCC series of HMCs, with axis travels measuring 1,100 × 900 × 1,100 mm, is suited for standalone machining needs and linked production lines. It fits most machining applications and materials, and addresses four- and five-axis needs. The five-axis MCC features a rigid, dynamic A-axis concept with a 100-percent
Avery Dennison Announces Third Quarter 2017 Results
October 25, 2017
GLENDALE, Calif.--(BUSINESS WIRE)--Avery Dennison Corporation (NYSE:AVY) today announced preliminary, unaudited results for its third quarter ended September 30, 2017. All non-GAAP financial measures referenced in this document are reconciled to GAAP in the attached tables. Unless otherwise indicated, comparisons are to the same period in the prior
Nordson ASYMTEK to Introduce Broad Spectrum of Dispensing and Conformal Coating Products and
October 25, 2017
CARLSBAD, Calif.--(BUSINESS WIRE)--Nordson ASYMTEK, a Nordson company (NASDAQ: NDSN), a global leader in dispensing, jetting, and coating equipment and technologies, will introduce a powerful array of new products, technologies, and solutions for conformal coating and automated fluid dispensing at Productronica 2017 in Hall A2, stand 345. Nordson
Cooper Zeon CS8 Selected As Original Equipment on New Volkswagen T-Roc for Europe
October 25, 2017
FINDLAY, Ohio--(BUSINESS WIRE)--Cooper Tire announced today that its high performance Cooper Zeon CS8 passenger car tire in size 205/60R16 92V has been selected as original equipment (OE) on the new Volkswagen T-Roc compact SUV, sold throughout Europe. The T-Roc is produced at Volkswagen’s Autoeuropa factory in Palmela, Portugal. This marks
BestMile Expands Its Executive Team with Mobility Industry Hires
October 25, 2017
LAUSANNE, Switzerland & SAN FRANCISCO--(BUSINESS WIRE)--BestMile, the leading platform for the operation and optimization of autonomous and ridesharing mobility solutions, announced today two new additions to its executive team. Lissa Franklin has joined the company as Vice President Business Development and Marketing, and Marco Laumanns as
Third Quarter 2017 Record Results Reported by Amphenol Corporation
October 25, 2017
WALLINGFORD, Conn.--(BUSINESS WIRE)--Amphenol Corporation (NYSE:APH) reported today record GAAP and Adjusted Diluted Earnings Per Share1 (EPS) for the third quarter 2017 of $0.88. This compares to GAAP Diluted EPS of $0.71 for the comparable 2016 period. GAAP Diluted EPS for the third quarter 2016 included a charge for acquisition-related
Ingersoll Rand Reports Strong Third-Quarter 2017 Results
October 25, 2017
SWORDS, Ireland--(BUSINESS WIRE)--Ingersoll-Rand plc (NYSE:IR), a world leader in creating comfortable, sustainable and efficient environments, today reported diluted earnings per share (EPS) from continuing operations of $1.41 for the third quarter of 2017. Excluding restructuring costs of ($10.0M) adjusted continuing EPS was $1.44. Third-Quarter
GKN Driveline Florence Replaces Traditional Production Processes across Factory-Floor with 3D
October 25, 2017
MINNEAPOLIS & REHOVOT, Israel--(BUSINESS WIRE)--Stratasys Ltd. (Nasdaq:SSYS), a global leader in applied additive technology solutions, today announced that GKN Driveline Florence, a plant of leading global engineering company, GKN, is expanding the deployment of Stratasys 3D printing across the manufacturing floor to replace several
Buying an HMC: Peripheral Equipment Considerations
October 25, 2017
Is it time to move up to an HMC? Let’s consider some of the peripheral equipment that HMC buyers should think about. Blog Post: 10/25/2017 Jedd Cole Associate Editor, Modern Machine Shop This blog post is adapted from an article by Barry Rogers that appeared in the May edition of the Machine/Shop print supplement to Modern Machine Shop. In
Dassault Systèmes Strengthens Foothold in Systems Engineering to Facilitate New Connected
October 25, 2017
VELIZY-VILLACOUBLAY, France--(BUSINESS WIRE)--Regulatory News: Dassault Systèmes (Paris:DSY) (Euronext Paris: #13065, DSY.PA) today announced the signing of a definitive agreement to acquire its partner No Magic, Incorporated, a global solutions company focused on model-based systems engineering and architecture modeling for software, and
YGS CNC Moving Head Series Drills Holes of Different Depths
October 25, 2017
Absolute Machine Tools Inc.’s Yougar YGS CNC moving head series has an automatic guide changer (AGC) that enables automatic drilling of holes of different depths and long unattended operations. New Product Post: 10/25/2017 Edited by Bart Bishop Assistant Editor, Production Machining Absolute Machine Tools Inc.’s Yougar YGS CNC