Friday, December 14, 2018
All News
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
Bluedrop Provides Update on Normal Course Bid
August 15, 2017
ST. JOHN’S, Newfoundland and Labrador--(BUSINESS WIRE)--Further to its news release dated March 31, 2017, Bluedrop Performance Learning Inc. (TSX-V:BPLI) ("Bluedrop" or the "Company") is pleased to provide an update on its normal course issuer bid ("NCIB"). Under the terms of the NCIB, Bluedrop may acquire up to an aggregate of 5,052,889
AmSty Announces Polystyrene Price Increase Effective September 1, 2017
August 15, 2017
THE WOODLANDS, Texas--(BUSINESS WIRE)--AmSty announces an increase in the transaction price of all grades of polystyrene produced by the Company of $0.02/lb., effective September 1, 2017. This price supersedes all other previously announced price changes. About AmSty AmSty is one of the largest integrated producers of polystyrene and styrene
Axalta Supports Chinese Student Racing Team to Compete in the Formula SAE 2017
August 15, 2017
SHANGHAI--(BUSINESS WIRE)--The Shanghai Tongji University’s student car racing team, TJU, will participate in Formula SAE 2017, an auto design competition organized by the Society of Automotive Engineers (SAE) International. The first stop of the tour takes place in Germany this month. The race car, dubbed TR17, was designed and developed
3M Board Declares Quarterly Dividend
August 15, 2017
ST. PAUL, Minn.--(BUSINESS WIRE)--The 3M Board of Directors (NYSE:MMM) today declared a dividend on the company’s common stock of $1.175 per share for the third quarter of 2017, payable Sept. 12, 2017, to shareholders of record at the close of business on Aug. 25, 2017. 3M has paid dividends to its shareholders without interruption for more
AeroVironment, Inc. Schedules First Quarter Fiscal Year 2018 Earnings Release and Conference Call
August 15, 2017
MONROVIA, Calif.--(BUSINESS WIRE)--AeroVironment, Inc. (NASDAQ: AVAV) today announced it will issue financial results for the Company's first quarter ended July 29, 2017, after the market closes on Tuesday, August 29, 2017. Management will host a conference call and live audio webcast to discuss the results at 1:30 p.m. Pacific Time that
Nortech Systems Announces Stock Repurchase Authorization
August 15, 2017
MINNEAPOLIS--(BUSINESS WIRE)--Nortech Systems Incorporated (Nasdaq: NSYS), a leading provider of full-service electronics manufacturing services (EMS), today announced that its board of directors has approved a stock repurchase program under which the company is authorized to repurchase shares of its common stock in an amount up to $250,000 over
GA Telesis Appoints Dave Dicken as Vice President of Airframe Solutions Group
August 15, 2017
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--GA Telesis, LLC (“GAT”) announces the appointment of Dave Dicken as Vice President of its Airframe Solutions Group (“ASG”). ASG is the 2nd largest operating unit within the company’s Component Solutions Group (“CSG”) and has oversight of all global airframe component
Axalta Boosts Refinish Learning, Developing Offerings
August 15, 2017
Axalta Coating Systems, global supplier of liquid and powder coatings, announces enhanced refinish learning and development offerings available to customers in the U.S. and Canada including live virtual training classes and an enhanced Master Certification. According to the company, the new offerings strengthen Axalta’s learning and
Methods Machine Tools to Host MetalStorm 2017
August 15, 2017
[unable to retrieve full-text content]The large open house event in Massachusetts will feature more than 50 machines under power in addition to automated cells.
PCS Company Opens New Facilities in California and Canada
August 15, 2017
PCS Company opens facilities in Torrance, California and Windsor, Ontario with the goal of better serving its customers in those areas. PCS Company (Fraser, Michigan) is expanding its North American distribution network by adding facilities in Torrance, California and Windsor, Ontario. Openings are expected in September and October 2017,
Cummins Recognizes Top U.S. Suppliers
August 15, 2017
COLUMBUS, Ind.--(BUSINESS WIRE)--Cummins Inc. (NYSE:CMI) earlier this month recognized the top suppliers to its U.S. operations at its 2017 U.S. Supplier Conference held in Columbus, Ind. In all, 11 suppliers to Cummins’ businesses and functions achieved recognition for delivering exemplary service and support in a range of categories,
PPG Foundation Awards More Than $290,000 Through National Merit Scholarship Program
August 15, 2017
PITTSBURGH--(BUSINESS WIRE)--The PPG Foundation announced today that it is sponsoring more than $290,000 in undergraduate college scholarships for U.S. students through National Merit Scholarship Corp. in 2017, including 49 new four-year scholarships. The new scholarships include 35 awards for PPG employees’ children and 14 awards for
Pocket Tester Measures Water Quality
August 15, 2017
EcoTestr pocket testers, available from Gardco, feature updates designed to quickly and easily measure water quality. New Product Post: 8/15/2017 Edited by Hannah Coombs Assistant Editor, Products Finishing The EcoTestr pocket tester, available from Gardco, features automatic temperature compensation designed for accurate
Pocket Tester Measures Water Quality
August 15, 2017
EcoTestr pocket testers, available from Gardco, feature updates designed to quickly and easily measure water quality. New Product Post: 8/15/2017 Edited by Hannah Coombs Assistant Editor, Products Finishing The EcoTestr pocket tester, available from Gardco, features automatic temperature compensation designed for accurate
Pocket Tester Measures Water Quality
August 15, 2017
EcoTestr pocket testers, available from Gardco, feature updates designed to quickly and easily measure water quality. New Product Post: 8/15/2017 Edited by Hannah Coombs Assistant Editor, Products Finishing The EcoTestr pocket tester, available from Gardco, features automatic temperature compensation designed for accurate
Pocket Tester Measures Water Quality
August 15, 2017
EcoTestr pocket testers, available from Gardco, feature updates designed to quickly and easily measure water quality. New Product Post: 8/15/2017 Edited by Hannah Coombs Assistant Editor, Products Finishing The EcoTestr pocket tester, available from Gardco, features automatic temperature compensation designed for accurate
Measurement Software Enables Custom Inspection Results Layouts
August 15, 2017
Hexagon Manufacturing Intelligence has launched PC-DMIS 2017 R2, the latest edition of the measurement software and the second release in 2017. New Product Post: 8/15/2017 Edited by Jedd Cole Associate Editor, Modern Machine Shop Hexagon Manufacturing Intelligence has launched PC-DMIS 2017 R2, the latest edition of the measurement software and the
Menlo Micro Appoints Industry Veteran Lew Boore to Lead Worldwide Sales Initiatives
August 15, 2017
IRVINE, Calif.--(BUSINESS WIRE)--Menlo Micro, the company responsible for re-inventing one of the most fundamental building blocks of electronic systems – the electronic switch – today announced the appointment of veteran sales professional Lew Boore to the position of Senior Vice President, Worldwide Sales and Business Development. In
PPG Foundation Donates $40,000 to NDSU Foundation and Alumni Association to Benefit Coatings and
August 15, 2017
PITTSBURGH--(BUSINESS WIRE)--The PPG Foundation has donated $40,000 to the NDSU Foundation and Alumni Association to benefit the Coatings and Polymeric Materials Department at North Dakota State University to help establish and provide scholarship funding for a professional Master of Science program in color technology. This new program will
Apollo Aviation Group Acquires 38 Aircraft in H1, 2017
August 15, 2017
MIAMI & DUBLIN & SINGAPORE--(BUSINESS WIRE)--Apollo Aviation Group (together with its affiliates, “Apollo Aviation”), a multi-strategy aviation investment manager, announced today that it contracted to purchase 38 aircraft in the first half of 2017 for a total gross purchase price of $910 million. The 38 aircraft are comprised
Conference to Focus on Understanding, Implementing Industry 4.0 Technologies
August 15, 2017
Automation Alley, a Michigan’s technology and manufacturing business association, is hosting the Integr8 Conference, a cross-disciplinary global conference focused on Industry 4.0 technologies. Scheduled for November 9, 2017, the Detroit, Michigan, conference is expected to attract 500 manufacturing and technology professionals. The goal will
Conference to Focus on Understanding, Implementing Industry 4.0 Technologies
August 15, 2017
The Integr8 conference will be hosted by the Michigan manufacturing association Automation Alley and will feature material revolving around eight “disruptive” technology areas related to advanced manufacturing. News Post: 8/15/2017 Edited by Jedd Cole Associate Editor, Modern Machine Shop Automation Alley, a Michigan’s technology
Ascend Hires Gustavo Nechar as Vice President and Chief Human Resources Officer
August 15, 2017
HOUSTON--(BUSINESS WIRE)--Ascend Performance Materials, a global leader in the production of specialty plastics, fibers and chemicals, announced today the hiring of Gustavo Nechar to the role of vice president and chief human resources officer. Nechar will lead the company’s HR department and continue the work of positioning the company as a
Light Polymers and Cree, Inc. Sign Patent License Agreement
August 15, 2017
SAN FRANCISCO--(BUSINESS WIRE)--Light Polymers recently announced a patent license-agreement with Cree, a leading innovator of lighting-class LEDs, LED Lighting and power semiconductor solutions. Cree has granted a royalty-bearing, non-exclusive patent license to certain Cree patents for certain LED luminaires. This agreement will allow Light
The First Annual International anTi-Corrosion Conference to Feature Astronaut Mike Mullane as
August 15, 2017
DENVER--(BUSINESS WIRE)--International Titanium Association (ITA) is set to host the first annual “International anTi-Corrosion Conference.” The event will be held in conjunction with TITANIUM USA 2017, on Wednesday, October 11, 2017 at the Diplomat Resort & Spa in Hollywood, Florida. TITANIUM USA 2017 is hosted by the International
Axalta Adds Non-Slip Powder Coating to Alesta Product Line
August 15, 2017
HOUSTON--(BUSINESS WIRE)--Axalta Coating Systems (NYSE: AXTA), a leading global supplier of liquid and powder coatings, is pleased to introduce Alesta® Sure-Grip as its latest powder coating offering. This technology holds up to heavy traffic and harsh chemicals to provide an excellent solution for hazardous slip-prone areas. “Slippery
Are You a Film Processor?
August 15, 2017
There’s plenty to learn at the Extrusion 2017 Conference. Blog Post: 8/15/2017 Jim Callari Editorial Director/Associate Publisher, Plastics Technology Have you checked out Plastics Technology’s upcoming Extrusion 2017 Conference? It’s going to be held Oct. 18-20 in Charlotte, N.C. at the Sheraton Charlotte Hotel in the downtown