Friday, December 14, 2018
All News
Superior Industries Announces Stockholder Approval of Preferred Stock Conversion
August 31, 2017
SOUTHFIELD, Mich.--(BUSINESS WIRE)--Superior Industries International, Inc. (NYSE:SUP) (the “Company”), one of the world’s largest manufacturers of aluminum wheels, announced today that its stockholders approved at a special meeting a proposal related to the preferred stock investment by TPG Growth in connection with the
Explosions and Smoke Reported at Arkema Inc. Crosby Plant
August 31, 2017
KING OF PRUSSIA, Pa.--(BUSINESS WIRE)--At approximately 2 a.m. CDT, we were notified by the Harris County Emergency Operations Center (EOC) of two explosions and black smoke coming from the Arkema Inc. plant in Crosby, Texas. Local officials had previously established an evacuation zone in an area 1.5 miles from our plant, based on their assessment
Latest PCW Update on Tropical Storm Harvey: Polyolefins
August 31, 2017
Several monomer and resin shutdowns have been underway with several coming before then Hurricane Harvey made landfall. Our industry friends at PetroChemWire (PCW) have been more busy than usual due to the devastating effects of Hurricane turned Tropical Storm Harvey and the flood warnings that remain in effect for Southeastern Texas and
Optimized Milling Strategy for Five-Axis Titanium Blisk Machining
August 31, 2017
A new finishing strategy using specially designed barrel cutters is said to reduce five-axis titanium blisk machining times by 50 percent. Many of the new designs for both military and civil aircraft turbine engines feature blisk rotors instead of single-bladed rotor assemblies because of the significant reduction in weight, greater resilience and
Powder Coating 2018 Returns to Indy March 12-15
August 31, 2017
The Powder Coating Institute’s Powder Coating 2018 Technical Conference & Tabletop Exhibition will be held March 12-15, 2018, at the JW Marriott in downtown Indianapolis, Indiana. The tabletop exhibition allows attendees to make valuable contacts and meet industry suppliers. The Powder Coating Institute’s Powder Coating 2018
T8 Hybrid Mill/Turn Center Enables Complete Machining
August 31, 2017
Absolute Machine Tools, Inc.’s Quicktech T8 Hybrid nine-axis twin spindle mill/turn center combines a three-axis power turret and a 360° B-axis with a sub-spindle that features a four-axis gang slide to enable complete machining of complex parts with a capacity of 38 tools. The T8 Hybrid has two turning spindles and two live milling
Throwback Thursday: Selection Process for Stainless Mold Steels
August 31, 2017
Successful production of plastic components associated with the extrusion, injection and compression molding greatly depends on the mold material selection. Successful production of plastic components depends on mold material selection: final plastic part requirements, cosmetic requirements, resin type, filler content, expected tool life,
Collaborative Robots Load, Unload Machines Without Need for Barriers
August 31, 2017
FANUC America will demonstrate machine load/unload with its CR-7iA table-top size collaborative robot equipped with iRVision. During the demonstration, the robot will pick up a part and load it into a lathe’s chuck, then remove the part from the chuck and place it back onto a part tray, showing how a collaborative robot can be used for
Trane, Ritrama, Lear Corporation and Others Plan Expansions  
August 31, 2017
Here's our monthly roundup of manufacturing expansions, mergers, and acquisitions by state.
Caster Concepts' Mammoth Custom Casters  
August 31, 2017
There's no job too large or too tough for Mammoth Custom Casters, the newest product line by Caster Concepts, the leading manufacturer of industrial casters, rigs, wheels and accessories. 
Celanese Announces Acetyl Intermediates Price Increases
August 30, 2017
DALLAS & SHANGHAI--(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.          
Culp Announces Results for First Quarter Fiscal 2018
August 30, 2017
HIGH POINT, N.C.--(BUSINESS WIRE)--Culp, Inc. (NYSE: CULP) today reported financial and operating results for the first quarter ended July 30, 2017. Fiscal 2018 First Quarter Highlights Net sales were $79.5 million, down 1.4 percent over the prior year, with mattress fabrics sales down 4.2 percent and upholstery fabrics sales up 3.2 percent.
Ecolab Schedules Webcast of Biennial Investor Day on September 7
August 30, 2017
ST. PAUL, Minn.--(BUSINESS WIRE)--Ecolab Inc. will host a live webcast of its biennial meeting for professional investors on Thursday, Sept. 7, 2017, in St. Paul, Minn. Details for the webcast are as follows:     TIME: 9:00 a.m. – 3:30 p.m. Eastern Time   DATE: Thursday, September 7, 2017   DURATION: Morning session: 9:00
Greif Reports Third Quarter 2017 Results
August 30, 2017
DELAWARE, Ohio--(BUSINESS WIRE)--Greif, Inc. (NYSE: GEF, GEF.B), a world leader in industrial packaging products and services, announced third quarter 2017 results. Third Quarter Highlights (all results compared to the third quarter 2016 unless otherwise noted): Net sales increased by $116.8 million to $961.8 million. Gross profit increased by
Valvoline to Present at Goldman Sachs 24th Global Annual Retailing Conference on Sept. 7
August 30, 2017
LEXINGTON, Ky.--(BUSINESS WIRE)--Valvoline Inc. (NYSE: VVV), a leading worldwide supplier of premium branded lubricants and automotive services, will present at Goldman Sachs 24th Global Annual Retailing Conference in New York City on Thursday, Sept. 7, 2017, at 8:50 a.m. ET. Chief Executive Officer Sam Mitchell, Chief Financial Officer Mary
Columbia Sportswear Company Issues Statement on Resolution of Legal Dispute with Former Employee
August 30, 2017
PORTLAND, Ore.--(BUSINESS WIRE)--Columbia Sportswear Company (NASDAQ: COLM) today issued the following statement regarding its resolution of a legal dispute with a former employee who improperly accessed its private computer network: “Last summer, we discovered that a former employee, who then was working as an executive at one of our
Mexichem Provides Update on its Ingleside Ethylene Cracker
August 30, 2017
TLALNEPANTLA DE BAZ, Mexico--(BUSINESS WIRE)--Mexichem, S.A.B. de C.V. (BMV: MEXCHEM*) (“The Company” or “Mexichem”) reports that its ethylene cracker, Ingleside Ethylene, LLC, the 50/50 joint venture between Occidental Chemical Corporation (OxyChem) and Mexichem, located near Corpus Christi, Texas, was shut down safely
Ag Energy Coalition Makes Recommendations for the Next Farm Bill
August 30, 2017
WASHINGTON--(BUSINESS WIRE)--The Agriculture Energy Coalition today released a white paper – Rural America’s Role in Expanding Energy Independence, Dominance, Innovation and Jobs: Recommendations for the New Farm Bill – urging the Congress to support energy and rural manufacturing programs in the 2018 Farm Bill. “Bi-partisan
Du?rr Paint Test and Training Center In Michigan Packing Them In
August 30, 2017
Test and Training Center offers unique resources that provide OEMs offline opportunities to test paint and sealer materials for their production applications. Dürr says its Test and Training Center in Southfield, Michigan — which it calls the largest paint test center in North America — has been so popular with customers since it
ISRI: China's Proposed Thresholds Could Prohibit Trade of Scrap Materials
August 30, 2017
WASHINGTON--(BUSINESS WIRE)--The Institute of Scrap Recycling Industries (ISRI) today released a letter sent to China’s Ministry of Environmental Protection commenting on draft changes to its technical standards for imported scrap. The draft proposes tightening the thresholds for “carried waste” (i.e. contaminants and
Orbital ATK Donates $100,000 for Hurricane Harvey Relief
August 30, 2017
DULLES, Va.--(BUSINESS WIRE)--Orbital ATK, Inc. (NYSE: OA), a global leader in aerospace and defense technologies, announced today that the company is donating $100,000 to the United Way of Greater Houston to aid in Hurricane Harvey relief efforts in the area. The United Way of Greater Houston supports emergency response organizations like the Red
Mill 16 Face Mill Handles Difficult-To-Machine Applications
August 30, 2017
Kennametal Inc.’s Mill 16 is for face milling applications such as compacted graphite iron, or CGI. CGI is difficult to machine and requires cutting tools both tough and wear-resistant, the company says. And because of the continuing call for cost-effective machining solutions across all manufacturing industries, these tools must
Haas Automation to Host HaasTec Open House at SoCal Facility in October
August 30, 2017
This October, Haas Automation, Inc. will open its doors again for HaasTec 2017, a four-day open house at its headquarters in Oxnard, California. The event is scheduled for October 10-13, from 8 a.m. to 5 p.m. daily. It will include machine demos, factory tours, a catered lunch and more. In 2015, the event drew nearly 3,300 attendees from 48
HanesBrands Submits Data for Latest CDP Climate Change Report
August 30, 2017
WINSTON-SALEM, N.C.--(BUSINESS WIRE)--HanesBrands (NYSE: HBI), a leading global marketer of everyday basic apparel under world-class brands, has voluntarily disclosed its carbon emissions and related information for the CDP 2017 Climate Change Report – marking the seventh year that the company has participated in this initiative. Hanes earned
CORRECTING and REPLACING IHS Markit Hurricane Harvey Update
August 30, 2017
HOUSTON--(BUSINESS WIRE)--In the first bullet point under "Crude," it should read that U.S. Gulf of Mexico operators have shut down approximately 320,000 b/d of crude oil output (instead of 20,000 b/d). The corrected release reads: IHS MARKIT HURRICANE HARVEY UPDATE Crude Oil, Refining and Chemical Sector Impacts IHS Markit (Nasdaq: INFO), a world
Optomec CEO Presents 3D Printed Sensors Solution at InterPACK Conference
August 30, 2017
ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Optomec, a leading global supplier of production grade additive manufacturing systems for 3D printed metals and 3D printed electronics, today announced that its President and CEO, Dave Ramahi, will give a presentation titled “Additive Manufacturing for Direct Integration of 3D Sensors for IoT
Hardinge Inc. Names B. Christopher DiSantis Chairman of the Board
August 30, 2017
ELMIRA, N.Y.--(BUSINESS WIRE)--Hardinge Inc. (NASDAQ:HDNG), a leading international provider of advanced metal-cutting solutions and accessories, today announced that its board of directors has appointed B. Christopher DiSantis as Chairman of the Board effective August 25, 2017. Mitchell I. Quain, who has served as Lead Independent Director for the
Top Shops Conference: How to Benchmark Your Business
August 30, 2017
Dave Tilstone, National Tooling & Machining Association president, shares why it is important for owners, executives and engineers at machining facilities to attend events such as this that can help them benchmark their business with an eye toward growing their business. Blog Post: 8/30/2017 Emily Probst Managing Editor, Modern Machine Shop
Cincinnati Inc. Appoints Sales, Marketing, Service VP
August 30, 2017
Cincinnati Inc. (CI), laser cutting and automation provider, has named Rakesh Kumar Vice President of Sales, Marketing and Service. A metal fabrication industry veteran, Mr. Kumar comes to CI from Amada, where he spent more than 20 years in engineering, manufacturing, production control, solution center management and sales. Mr. Kumar’s
REX American Resources Reports Second Quarter Diluted EPS of $0.45
August 30, 2017
DAYTON, Ohio--(BUSINESS WIRE)--REX American Resources Corporation (NYSE American: REX) today reported financial results for its fiscal 2017 second quarter (“Q2 ‘17”) ended July 31, 2017. REX management will host a conference call and webcast today at 11:00 a.m. ET to review the results. REX American Resources’ Q2 ‘17
Webcast Metrics® Ranks the Top Digital Audio Properties in the U.S. and Latin America for June 2017
August 30, 2017
LOS ANGELES--(BUSINESS WIRE)--Triton Digital®, a leading technology provider for the audio industry, today released its monthly Ranker in the U.S. and Latin America for June 2017, providing insight into the top streaming audio providers in both regions for the month of June. During this month, all measured clients within the domestic U.S.
Century Park Capital Partners Announces Sale of ICM Silicones Group
August 30, 2017
LOS ANGELES--(BUSINESS WIRE)--Century Park Capital Partners is pleased to announce that it has completed the sale of ICM Silicones Group (“ICM” or the “Company”), to the CHT Group (“CHT”), a German-based specialty chemicals conglomerate. ICM is a leading independent formulator and manufacturer of specialty
CACI Awarded $51 Million Task Order to Provide Software Development Support to U.S. Air Force 90th
August 30, 2017
ARLINGTON, Va.--(BUSINESS WIRE)--CACI International Inc (NYSE:CACI) announced today it has been awarded a $51 million task order to provide software development support to the 90th Cyberspace Operations Squadron (90th COS), a subordinate unit of the 24th Air Force, the Air Force’s component to U.S. Cyber Command. The three-year task order,
CHT Group Acquires ICM Silicones Group
August 30, 2017
TUEBINGEN, Germany--(BUSINESS WIRE)--CHT Group, a leading silicone specialities supplier in Europe, is pleased to announce the acquisition of ICM Silicones Group; headquartered in Cassopolis, Michigan, USA. ICM Silicones Group is a leading solutions provider for high performance silicone emulsions and silicone elastomer applications in America. ICM
American Midstream Contributes to Houston Relief Effort; Provides Operational Update
August 30, 2017
HOUSTON--(BUSINESS WIRE)--American Midstream Partners, LP (NYSE: AMID) (“AMID” or “Partnership”) announced today its financial support for relief and recovery efforts to the American Red Cross of Greater Houston and outlying communities impacted by Hurricane Harvey. The Partnership’s primary focus continues to be the
Innoviz Gets Even More Tier One Support
August 30, 2017
Consider this: a company that was founded in January 2016 by former members of the Israeli Defense Forces has, within the matter of a couple of weeks, made agreements with two of the world’s leading automotive suppliers. Yesterday Magna announced it is making a strategic investment in Innoviz Technologies. Magna has been working with the
Alps Electric to Exhibit at China International Optoelectronic Exposition
August 30, 2017
TOKYO--(BUSINESS WIRE)--Japan’s leading electronic component manufacturer, Alps Electric Co., Ltd., (Alps Electric) (TOKYO:6770) (President: Toshihiro Kuriyama; headquartered in Tokyo) will be exhibiting at the China International Optoelectronic Exposition (CIOE) to be held at the Shenzhen Convention & Exhibition Center in Shenzhen,
Evolva Announces Major Restructuring for Next Phase of Its Development
August 30, 2017
REINACH, Switzerland--(BUSINESS WIRE)--Evolva (SIX: EVE), which develops and commercializes next-generation specialty ingredients for health, wellness and nutrition markets, details the next phase of its corporate evolution. Evolva announced in its half year results further details of its future intended strategic direction to aggressively grow
Toyoda Gosei to Establish a New Airbag Parts Plant in Vietnam
August 30, 2017
KIYOSU, Japan--(BUSINESS WIRE)--Toyoda Gosei Co., Ltd. will establish a new plant in Vietnam to meet growing demand for airbags as safety regulations become more stringent in regions around the world. The new plant will be established as a branch plant of Toyoda Gosei subsidiary Toyoda Gosei Haiphong Co., Ltd. (TGHP), and will start production of
PPG Names Transparencies Plant Manager, Market Director
August 30, 2017
PPG has named Mark Hood plant manager of its Sylmar, California, aerospace transparencies facility and Steve Kight to succeed him as global market director for general aviation transparencies. PPG’s Mark Hood and Steve Kight PPG has named Mark Hood plant manager of its Sylmar, California, aerospace transparencies facility and Steve Kight to
CNC Machinist Calculator Pro Makes Quick Calculations
August 30, 2017
CNC Machinist Calculator Pro is a machining calculator app for smartphones that can be used by manufacturing engineers, CNC programmers, machinists, operators, tool and die makers, inspectors, and at-home hobbyists for quick calculations. New Product Post: 8/30/2017 Edited by Bart Bishop Assistant Editor, Production Machining CNC Machinist
Real Life OSHA
August 30, 2017
It seems that working with OSHA comes with owning a shop, and can often be a headache, but here are some tips to relieve that pain.   Rob Medlock is the senior vice president of general industry for SCT, a woman-owned business enterprise delivering comprehensive occupational safety and health solutions to both the public and
Your Industrial Lubricant May Be Contaminated Before You Even Use It. 
August 30, 2017
Why you must ensure your industrial lubricant distributor has a quality program. 
Is Your Tape Measure Accurate?
August 30, 2017
Inside a 60-meter-long underground tunnel, measurement scientists check the accuracy of tape measures.
Shock Resistant Carry Case for SSTTM Drill Bit Sets by Walter Surface Technologies 
August 30, 2017
Optimized from the original Walter metal index containers, the new highly visible orange polyethylene case offers increased durability and improved drill bit storage. 
Avery Dennison to Present at Investor Conference on September 12, 2017
August 29, 2017
GLENDALE, Calif.--(BUSINESS WIRE)--Avery Dennison Corporation (NYSE: AVY) today announced that Gregory S. Lovins, senior vice president and chief financial officer, and Cynthia S. Guenther, vice president, investor relations and treasury, will present at 10:40 a.m. Eastern Time on September 12, 2017 at the Credit Suisse Basic Materials Conference
Celanese Notice of Vinyl Acetate Monomer Force Majeure Due to Impacts of Hurricane Harvey
August 29, 2017
DALLAS--(BUSINESS WIRE)--Celanese Corporation (NYSE: CE), a global technology and specialty materials company, today announced that as a result of Hurricane Harvey’s impact on Celanese’s operations, suppliers and service providers in the Texas Gulf Coast, Celanese is temporarily unable to supply the vinyl acetate monomer (VAM) needs of
DXP Enterprises Announces New ABL Revolver and Term Loan B
August 29, 2017
HOUSTON--(BUSINESS WIRE)--DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that it has closed on a new $250 million Senior Secured Term Loan B (“TLB”) and refinanced its existing credit facility with a new $85 million Asset Based Revolving Credit Facility (“ABL Revolver”). The TLB and ABL Revolver mature on August 29,
Cummins Unveils Next Generation of Energy-Diverse Products and Technology Solutions
August 29, 2017
COLUMBUS, Ind.--(BUSINESS WIRE)--During an event at its historic technical center in Columbus, Ind., Cummins Inc. (NYSE: CMI) today unveiled its latest power solutions and energy-diverse products, demonstrating that the company is prepared to win with new and future technologies. The company displayed the latest in near-zero natural gas engine
Orion Engineered Carbons S.A. Announces Exercise and Closing of Greenshoe Option
August 29, 2017
LUXEMBOURG--(BUSINESS WIRE)--Orion Engineered Carbons S.A. (NYSE: OEC) (the “Company” or “Orion”), a worldwide supplier of specialty and high-performance Carbon Black, announced today that the underwriters of the recently closed offering of 10,000,000 Orion common shares, sold by Kinove Luxembourg Holdings 1 S.à r.l.