Sunday, October 21, 2018
All News
JW Hill Capital Acquires GKN Aerospace Bandy Machining, Inc.
August 17, 2017
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--JW Hill Capital announced today the acquisition of GKN Aerospace Bandy Machining, Inc. (“Bandy” or the “Company”), a subsidiary of GKN Aerospace. For over 50 years, Bandy has been the leading producer of specialized hinges used in a wide variety of aerospace, defense and industrial
Tel-Instrument Electronics Corp. Reports Financial Results for First Quarter 2018
August 17, 2017
EAST RUTHERFORD, N.J.--(BUSINESS WIRE)--Tel-Instrument Electronics Corp. (“Tel”, “Tel-Instrument” or the “Company”) (NYSE American: TIK), a leading designer and manufacturer of avionics test and measurement solutions, today reported its financial results for the first quarter of fiscal year 2018. Financial
INJECTION MOLDING: All-Electrics Range Adds Four Higher Tonnages
August 17, 2017
All-electric injection molding machines with an integrated hydraulic system now extend up to 1551 tons clamp force. New Product Post: 8/17/2017 Absolute Haitian is now offering an extended range of the Zeres all electric injection molding machines, no reaching up to 1551 tons of clamp force. Absolute Haitian Corp., Worcester, Mass., the exclusive
DMG MORI Opens New Tech Center and Showroom in Southwest Ohio
August 17, 2017
Site to provide customer support and training for technologies such as five-axis machining and multifunction turning centers. Blog Post: 8/17/2017 Peter Zelinski Editor-in-Chief, Modern Machine Shop Manufacturers from throughout the region attended the ribbon cutting and open house for the new West Chester, Ohio, location. This week, DMG
Vertical Grinder’s Automatic Chuck Changer Increases Productivity, Quality
August 17, 2017
Taiyo Koki, a DMG MORI company, provides vertical grinding machines for aerospace, automotive, heavy equipment and tooling manufacturers, including its super-high production vertical grinding machine featuring a two-place (PGV-2) or three-place (PGV-3) automatic chuck changer. The company says that these machines boost productivity by
The Buckle, Inc. Reports Second Quarter Net Income
August 17, 2017
KEARNEY, Neb.--(BUSINESS WIRE)--The Buckle, Inc. (NYSE: BKE) announced today that net income for the fiscal quarter ended July 29, 2017 was $11.5 million, or $0.24 per share ($0.24 per share on a diluted basis). Net sales for the 13-week fiscal quarter ended July 29, 2017 decreased 7.8 percent to $195.7 million from net sales of $212.2
Save the Date: Rogers to Host Investor Day August 17
August 17, 2017
CHANDLER, Ariz.--(BUSINESS WIRE)--Rogers Corporation (NYSE:ROG) Save the Date. Rogers Corporation plans to host an investor day the morning of August 17 at the New York Stock Exchange. The company will discuss its business, strategy, technology leadership, segments, and provide investors a financial overview. For entry into the New York Stock
BeAM Machines, Inc. Hosts Open House on Thursday, August 31st At New 20,000 Square Foot Facility in
August 17, 2017
CINCINNATI--(BUSINESS WIRE)--BeAM Machines SAS, a leading European specialist in providing DED (Directed Energy Deposition) solutions, opened its U.S. subsidiary, BeAM Machines, Inc., in Cincinnati, Ohio earlier this year. The facility, operating as the BeAM Machines Solutions Center for North America, will handle sales, service, process/material
The Powder Coating Research Group Expands into New Laboratory
August 17, 2017
The Powder Coating Research Group (PCR Group) relocates to a new 3,000-square-foot facility in Columbus, Ohio.  News Post: 8/17/2017 Edited by Hannah Coombs Assistant Editor, Products Finishing The Powder Coating Research Group provides expert consultation, research and development and coating evaluation services. The Powder Coating Research
Navigant Research Expects Global Advanced Battery Pack Revenue for Traction and Propulsion Energy in
August 17, 2017
BOULDER, Colo.--(BUSINESS WIRE)--A new report from Navigant Research focuses on the drivers, barriers, and technological trends affecting the deployment of unmanned vehicles (UVs), providing global market forecasts for energy capacity and revenue, segmented by region, technology, and UV type, through 2026. Intelligent UVs, also known as drones, can
Handcrafting the Infiniti Prototype 9
August 17, 2017
The Infiniti Prototype 9, which is going to be part of the marque’s exhibit at this weekend’s 2017 Pebble Beach Concours d’Elegance, is interesting for a number of reasons, not the least of which is that although this has the look of the 1940s, it has powertrain technology of right now: it features a 120-kW electric motor
International Space Station Now 3D Printing with PEI/PC Materials
August 17, 2017
PEI/PC compound is the third material a developer of zero-gravity 3D printers has demonstrated on the International Space Station for space-based additive manufacturing. U.S.-based Made In Space, a developer of zero-gravity 3D printers and an official supplier to NASA, recently announced it has begun using PEI/PC (polyetherimide/polycarbonate)
SK Capital Continues to Invest in Archroma
August 17, 2017
NEW YORK & BASEL, Switzerland--(BUSINESS WIRE)--SK Capital Partners, a private investment firm with a disciplined focus on the specialty materials, chemicals and pharmaceutical sectors, announced today that it is reinvesting in Archroma in support of the Company’s ongoing initiatives to drive innovation, growth and operational
Throwback Thursday: Shaving with Occam’s Razor, Part 1
August 17, 2017
Today’s Throwback Thursday blog replays part one of a two-part feature from June 2013 titled “Shaving with Occam’s Razor.” James Bourne has been a valued and regular contributor to MMT, writing his popular “In the Trenches” columns that reveal, unabashedly, the trials and triumphs of his life as a tool repair
Ichor Holdings Announces Upcoming Investor Events
August 16, 2017
FREMONT, Calif.--(BUSINESS WIRE)--Ichor Holdings, Ltd. (NASDAQ:ICHR) is pleased to announce its participation in the following investor events: Jefferies 2017 Semiconductor, Hardware and Communications Infrastructure Summit The Ritz-Carlton Chicago; taking place Tuesday, August 29 – Wednesday, August 30 Deutsche Bank Technology Conference
Phillips 66 to Present at Barclays CEO Energy-Power Conference
August 16, 2017
HOUSTON--(BUSINESS WIRE)--Phillips 66 (NYSE: PSX) Chairman and CEO Greg Garland will speak to investors and securities analysts at the 2017 Barclays CEO Energy-Power Conference in New York on Wednesday, Sept. 6, at 10:25 a.m. EDT. Garland will discuss the company’s execution of its value-creating strategy, including an update on growth
CACI Reports Results for Its Fiscal 2017 Fourth Quarter and Full Year
August 16, 2017
ARLINGTON, Va.--(BUSINESS WIRE)--CACI International Inc (NYSE: CACI), a leading information solutions and services provider to the federal government, announced results today for its fourth fiscal quarter and full year ended June 30, 2017. CEO Commentary and Outlook Ken Asbury, CACI’s President and CEO, said, “CACI’s record Fiscal
Allied Motion to Present at Midwest IDEAS Conference
August 16, 2017
AMHERST, N.Y.--(BUSINESS WIRE)--Allied Motion Technologies Inc. (NASDAQ:AMOT), a designer and manufacturer that sells precision motion control products and solutions to the global market, announced that Richard S. Warzala, Chairman, President and Chief Executive Officer, and Michael R. Leach, Chief Financial Officer, will present and be available
Flexible Gage Software Integrates with CNC Machine Tools
August 16, 2017
EMO 2017: Renishaw will exhibit its software for the Equator flexible gauge, which allows users to fully integrate the system with CNC machine tools, its contact scanning system for CNC machine tools, its on-machine and mobile apps which are designed to simplify the use of machine tool probing, an enhanced non-contact tool setter for machining
Services Meet Needs of Low-Volume, High-Mix Segment
August 16, 2017
Westec 2017 and EMO 2017: Proto Labs has added a range of services designed to address the on-demand manufacturing needs of the growing low-volume, high-mix product segment. New Product Post: 8/16/2017 Edited by Julia Hider Assistant Editor, Modern Machine Shop
Donaldson Company to Present at Intellisight Investor Conference
August 16, 2017
MINNEAPOLIS--(BUSINESS WIRE)--Donaldson Company, Inc. (NYSE: DCI) today announced that Tod Carpenter, president and chief executive officer, will present on Wednesday, August 23 at the 6th annual Intellisight Investor Conference in Minneapolis, starting at 1:55 p.m. CDT. The conference is sponsored by the CFA Society of Minnesota. WEBCAST:  
Rifling Machine Improves Capacity, Accuracy
August 16, 2017
Designed as a reliable, high-precision solution for gun manufacturers, Unisig’s R-2A rifling machine accurately finishes barrel blanks. New Product Post: 8/16/2017 Edited by Kyle Stone Assistant Editor, Modern Machine Shop Designed as a reliable, high-precision solution for gun manufacturers, Unisig’s R-2A rifling machine accurately
PPG Launches PPG TIMELESS Premium Paint at The Home Depot
August 16, 2017
CRANBERRY TOWNSHIP, Pa.--(BUSINESS WIRE)--PPG (NYSE: PPG) today announced the launch of PPG TIMELESS® paint and primer in one. This premium paint for interior and exterior use incorporates PPG’s industry-leading coatings innovation and expertise so do-it-yourselfers (DIYers) can be certain that they will have beautiful results for years
Top Sales Trait Might Not Be What You Think
August 16, 2017
What is the most important success trait for a sales person to possess? Some would argue that ambition is most important; in order to win business, they must desire to further their lot in life. Others might claim that competitiveness and a desire to defeat the opponent should top the list, since these fuel a drive to secure new business. Many
Dry-Treat Introduces New Masonry & Engineered Concrete Product Line
August 16, 2017
ANDOVER, Mass.--(BUSINESS WIRE)--Dry-Treat is pleased to announce a new line of masonry and engineered concrete impregnators designed for treating building envelopes and protecting engineered structures. This premium line of products for vertical surfaces is an ideal addition to Dry-Treat’s world leading impregnating cleaners and sealers.
Axalta Collaborates with University of Oviedo in Asturias, Spain for International AACSB
August 16, 2017
BASEL, Switzerland--(BUSINESS WIRE)--Axalta Coating Systems (NYSE: AXTA), a leading global supplier of liquid and powder coatings, has signed an agreement with the University of Oviedo, based in Asturias, Spain, to establish an Axalta Chair. The main objective of the agreement will be to help the university achieve accreditation by the Association
To Celebrate the All-New Eclipse Cross CUV, Mitsubishi Motors Secures Prime Position in the “Path
August 16, 2017
CYPRESS, Calif.--(BUSINESS WIRE)--On August 21, North America will experience a total solar eclipse across the entire contiguous United States for the first time since 1918. Unfortunately, only four percent of Americans live in the “Path of Totality.” In celebration of its all-new Eclipse Cross CUV, Mitsubishi Motors has secured a prime
Gardner Business Index: June 2017 — 55.0
August 16, 2017
Registering 55.0 for June 2017, the Gardner Finishing Business Index was essentially unchanged from May. During the first-half of 2017, the index averaged 54.6, beating the average of 54.5 set during the last industry peak from March through October of 2014. In the current month, the index was supported by strength in new orders, supplier
Pole Plates Enable Quick Workpiece Changes
August 16, 2017
Schunk Magnos parallel pole, square pole and radial pole plates are designed to ensure reliable workpiece clamping, quick workpiece changes and efficient grinding. New Product Post: 8/16/2017 Edited by Julia Hider Assistant Editor, Modern Machine Shop Schunk Magnos parallel pole, square pole and radial pole plates are designed to ensure reliable
Upgraded Drills Increase Stability with Low Thrust Forces
August 16, 2017
The Dormer Force X upgrades the geometry, corner design and edge preparation of the MPX solid carbide drill family. The upgrade applies to the 3×D R457, 3×D R458, 5×D R453 and 5×D R454, bringing them in line with the 8×D R459. With a titanium aluminum nitride (TiAlN) coating, the drills are suitable for a range of
Materion Corporation Announces Appointments of Chief Technology and Marketing Officer and President,
August 16, 2017
MAYFIELD HEIGHTS, Ohio--(BUSINESS WIRE)--Materion Corporation (NYSE: MTRN) announced today the appointments of a Chief Technology and Marketing Officer and President, Precision Coatings. Ian Tribick, Ph.D., President of Materion Large Area Coatings, has been promoted to Chief Technology and Marketing Officer. He continues to report to Jugal
Maxion Wheels to Feature Market Leading Commercial Vehicle Steel Wheels at COMTRANS 2017
August 16, 2017
KONIGSWINTER, Germany--(BUSINESS WIRE)--Maxion Wheels, the world’s largest wheel manufacturer, announced today its participation in the biennial COMTRANS / 17 International Commercial Vehicle Show held in Moscow, Russia from September 4 – 9, 2017, in Hall 15/ Stand 15-432. Customers and visitors to the Maxion Wheels exhibit will have
UQM Technologies Announces New Pilot Trial of PowerPhase® Electric Drivetrain System (DT) with
August 16, 2017
LONGMONT, Colo.--(BUSINESS WIRE)--UQM Technologies Inc. (NYSE MKT: UQM) announced today a European OEM will conduct a pilot trial of its full electric drivetrain solution, the PowerPhase®DT. The OEM will be running two of the DT systems for evaluation with the long term goal of an all-electric transit bus production program. The UQM drivetrain
Gabelli & Company’s Aerospace & Defense Conference
August 16, 2017
RYE, N.Y.--(BUSINESS WIRE)--Gabelli & Company will host the 23rd Annual Aerospace & Defense Conference on Thursday, September 7th, 2017 in New York City. This research meeting will feature presentations by senior management of several leading aerospace and defense companies, with an emphasis on industry dynamics, new technologies, and
Google Lunar XPRIZE Offers $4.75 Million to Teams Who Complete In-Space Milestones on Way to the
August 16, 2017
LOS ANGELES--(BUSINESS WIRE)--Today, XPRIZE and Google announce that $4.75M in additional Milestone Prize money will be available to Google Lunar XPRIZE finalist teams for achieving technological milestones along the way to the Moon. Teams can compete for one or both of the following prizes: Lunar Arrival Milestone Prize — The spacecraft must
Northern Trust Named Asset Servicing Provider for Boeing Retirement Plan
August 16, 2017
CHICAGO--(BUSINESS WIRE)--Northern Trust has been selected to provide global custody and related services, including financial and regulatory reporting, to the defined contribution retirement plan of The Boeing Company. Boeing has one of the largest DC/401(k) plans in the United States, with approximately $54 billion in assets. In addition to
Top Shops: Part Inspection Hours Per Week
August 16, 2017
In the latest Products Finishing Top Shops Benchmarking Survey results for electroplaters, the Top Shops spent 240 hours a week checking part quality and looking for imperfections. Products Finishing Top Shops spent 240 hours a week checking part quality and looking for imperfections. All other shops spent just under 33 hours per week. The amount
Arcimoto Goes Public Under Regulation A With Shares Available to Retail Investors Effective
August 16, 2017
EUGENE, Ore.--(BUSINESS WIRE)--Arcimoto®, makers of the world’s first Fun Utility Vehicle™ — an affordable and practical pure electric vehicle for everyday commuters and fleets, announced today that its Reg A+ IPO has received qualification from the SEC. Concurrent with the live offering, the Company has begun preparing an S-1
Cummins Partners with Wind Farm to Expand Low-Carbon Energy
August 16, 2017
COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) announced that it has entered into a Virtual Power Purchase Agreement (VPPA) with EDP Renewables North America (EDPR NA) to expand a wind farm in Northern Indiana. The agreement is another step for Cummins as it works ambitiously to reduce greenhouse gas (GHG) emissions. The expansion will
Axalta Powder Coatings Chosen to Protect Tallest Tower in Malaysia
August 16, 2017
With completion scheduled for 2018, the impressive skyscraper will be the tallest building in Malaysia, transforming the city’s International Financial District. Axalta Coating Systems in collaboration with Euro Façade, Superb Aluminium and Mulia Group, will supply its Alesta powder coatings for The Exchange 106 tower in
California Platers Holding Special Legislation Day on Aug. 29
August 16, 2017
The Metal Finishing Association of Southern California is holding a special Legislation Day on Aug. 29 to put pressure on politicians regarding new air quality rules that the group is calling a “witch hunt.” The Metal Finishing Association of Southern California is holding a special Legislation Day on Aug. 29 to put pressure on
Schunk Hires VP, Sales for Tooling and Workholding
August 16, 2017
Schunk (Morrisville, North Carolina) has hired Bo Shomaker as Vice President of Sales, Tooling and Workholding. Mr. Shomaker brings 27 years of experience in the metalworking industry. Beginning his career as a metalworking engineer, his background includes engineering, technical sales, sales management, general management and strategic account
SAIC Awarded $39 Million Task Order by SSC Atlantic
August 16, 2017
RESTON, Va.--(BUSINESS WIRE)--The Space and Naval Warfare Systems Center (SSC) Atlantic awarded Science Applications International Corp. (NYSE: SAIC) a task order to provide engineering services in support of the U.S. Marine Corps Combat Operations Center (COC). The single-award task order has a one-year period of performance, four one-year
PP, PE, PVC Prices All Headed Up?
August 16, 2017
The push from suppliers is there but how much, if at all, do the market fundamentals support it? We are at mid-August and whether prices for polyolefins and PVC are moving up or not isn’t quite clear. This, according to PetroChemWire’s (PCW) weekly reports on PP, PE, and PVC, as well as from the August 11 market update of The Plastics
Vibration Monitoring Module Minimizes Machine, Tool Damage
August 16, 2017
Marposs will highlight its Artis VM-03 vibration monitoring module with temperature and gravity sensing capability. From its location on the spindle, the module determines the spindle’s position in space while monitoring tool temperature, vibration velocity and acceleration, helping to minimize machine and tool damage. The VM-03 detects
Services Meet Needs of Low-Volume, High-Mix Segment
August 16, 2017
Westec 2017 and EMO 2017: Proto Labs has added a range of services designed to address the on-demand manufacturing needs of the growing low-volume, high-mix product segment. New Product Post: 8/16/2017 Edited by Julia Hider Assistant Editor, Modern Machine Shop
Flexible Gage Software Integrates with CNC Machine Tools
August 16, 2017
EMO 2017: Renishaw will exhibit its software for the Equator flexible gauge, which allows users to fully integrate the system with CNC machine tools, its contact scanning system for CNC machine tools, its on-machine and mobile apps which are designed to simplify the use of machine tool probing, an enhanced non-contact tool setter for machining
Flexsteel Reports Fiscal Year Results
August 16, 2017
DUBUQUE, Iowa--(BUSINESS WIRE)--Flexsteel Industries, Inc. (NASDAQ:FLXS) today reported fourth quarter and fiscal year financial results. Fiscal Year End Financial Highlights: Net sales were $469 million, a decrease of 6.3% from the prior year record of $500 million. Net income was $23.8 million, compared to record $24.2 million in the prior fiscal
Trinseo Announces Pricing of Senior Notes to Refinance Existing Indebtedness
August 15, 2017
BERWYN, Pa.--(BUSINESS WIRE)--Trinseo (NYSE: TSE), a global materials solutions provider and manufacturer of plastics, latex binders and synthetic rubber, today announced the pricing of an offering of $500 million in gross proceeds of senior notes due 2025 (the “ New Senior Notes”) by its subsidiaries Trinseo Materials Operating S.C.A.
“Original Venice Crew” Begins Production of Genuine 1965 Shelby GT350R Competition Cars with
August 15, 2017
LOS ANGELES--(BUSINESS WIRE)--The group who built the first series of Shelby American racecars based on Ford’s iconic ‘65 Mustang fastbacks, dubbed the “Original Venice Crew,” will begin production of a limited series of the famous racers in Southern California. These new specially authorized versions of the 1965 Shelby