Wednesday, December 12, 2018
All News
Materion’s Aluminum Beryllium AlBeMet® Selected for MS-177 Sensor
January 4, 2018
MAYFIELD HEIGHTS, Ohio--(BUSINESS WIRE)--Materion Corporation (NYSE:MTRN) has been awarded a contract by UTC Aerospace Systems for AlBeMet® metal matrix composite parts for its MS-177 long-range, multi-spectral imaging (MSI) sensor. The sensor is currently undergoing integration testing and qualification for the Northrop Grumman RQ-4B Global
Chuck, Mandrel Clamp Gears’ Pitch, Inner Diameters
January 4, 2018
Röhm Products of America’s KZF-S external clamping gear chuck is specifically made for gear surface face grinding. New Product Post: 1/4/2018 Edited by Julia Hider Assistant Editor, Modern Machine Shop Röhm Products of America’s KZF-S external clamping gear chuck is specifically made for gear surface face grinding. It is
ON Semiconductor Joins CharIN Ecosystems in Development of Electric Mobility Standards
January 4, 2018
PHOENIX--(BUSINESS WIRE)--ON Semiconductor (Nasdaq: ON), driving energy efficient innovations, has joined the global Charging Interface Initiative e.V. (CharIN) ecosystem with the goals of promoting standards for charging systems in electric vehicles (EV), creating requirements for the evolution of EV charging systems and developing a certification
J.S. Kim Promoted to Chairman of Daedong Industrial Co., Ltd., Parent Company of KIOTI Tractor
January 4, 2018
WENDELL, N.C.--(BUSINESS WIRE)--Daedong Industrial Co., Ltd., parent company of Daedong-USA, Inc. KIOTI Tractor Division, is pleased to announce the promotion of J.S. Kim to chairman of Daedong Industrial. Previously, Kim served as vice chairman of Daedong Industrial and chairman of Daedong-USA. During his time as chairman of Daedong-USA, he has
SLD Laser Introduces LaserLight Sources for Automotive Applications
January 4, 2018
GOLETA, Calif.--(BUSINESS WIRE)--SLD Laser (formerly SoraaLaser), a world leader in commercialization of visible laser light sources, will demonstrate its innovative LaserLightTM source technology for automotive applications at the Consumer Electronics Show in Las Vegas, Nevada on January 9 – 12, 2018. LaserLight illumination sources deliver
Proto Labs, Inc. to Present at the 20th Annual Needham Growth Conference
January 4, 2018
MAPLE PLAIN, Minn.--(BUSINESS WIRE)--Proto Labs, Inc. (NYSE: PRLB), a leading online and technology-enabled quick-turn manufacturer, today announced that it will be presenting at the 20th Annual Needham Growth Conference on Thursday, Jan. 18, 2018 at 10 a.m. EST. The conference will be in New York and attendance to the conference is by invitation
Orbital ATK Receives Order for Second In-Orbit Satellite Servicing Vehicle
January 4, 2018
DULLES, Va.--(BUSINESS WIRE)--Orbital ATK (NYSE: OA), a global leader in aerospace and defense technologies, today announced it has been awarded a contract for a second Mission Extension Vehicle (MEV-2). The vehicle was ordered by Intelsat S.A. to provide life extension services for an Intelsat satellite. Orbital ATK is now producing MEV-1, the
Tool Trays Prevent End Mill Damage
January 4, 2018
ToolTray.org, from Melos Manufacturing, provides organizational solutions for end mills.New Product Post: 1/4/2018 Edited by Eli Plaskett Assistant Editor, Modern Machine Shop ToolTray.org, from Melos Manufacturing, provides organizational solutions for end mills. The company’s trays organize all end mills by diameter and length using
Anellotech Announces Commencement of Key R&D Program at TCat-8® Pilot Plant
January 4, 2018
PEARL RIVER, N.Y.--(BUSINESS WIRE)--Anellotech, a sustainable technology company pioneering the production of cost-competitive renewable aromatic chemicals and fuels from non-food biomass, today announced the completion of the commissioning of its 25 meter tall TCat-8® pilot plant, and the commencement of the critical development and testing
H&E Equipment Services Completes Acquisition of CEC; Significantly Expands Presence in Colorado
January 4, 2018
BATON ROUGE, La.--(BUSINESS WIRE)--H&E Equipment Services, Inc. (NASDAQ: HEES) today announced it has completed its acquisition of Contractors Equipment Center (CEC), a non-residential construction focused equipment rental company located in the greater Denver, Colorado area. The acquisition is part of H&E's ongoing strategy of acquiring
REV Group Forms a Strategic Alliance with Daimler Buses
January 4, 2018
MILWAUKEE--(BUSINESS WIRE)--REV Group (NYSE: REVG), a $2+ billion manufacturer of industry-leading specialty vehicle brands and leading provider of parts and services, announced today that its subsidiary, REV Coach LLC has been awarded the Daimler AG’s bus division North American sales rights to Setra Brand Coaches. Beginning January 2018,
AstroNova to Present at 20th Annual Needham Growth Conference
January 4, 2018
WEST WARWICK, R.I.--(BUSINESS WIRE)--AstroNova, Inc. (NASDAQ: ALOT) today announced that Gregory A. Woods, President and CEO, and Joseph P. O’Connell, CFO, will present at the 20th Annual Needham Growth Conference in New York on Wednesday, January 17, 2018 at 11:20 a.m. ET. A real-time audio webcast of the presentation can be accessed through
Peraton Appoints L. Roger Mason as President of Newly Formed Space, Intelligence and Cyber Sector
January 4, 2018
HERNDON, Va.--(BUSINESS WIRE)--Peraton has announced the appointment of L. Roger Mason, Ph.D. as president of its newly formed Space, Intelligence and Cyber sector, effective January 8, 2018. As sector president, Roger will have full executive responsibility for the sector’s strategy development and execution, program performance, and growth
The Buckle, Inc. Reports December 2017 Net Sales
January 4, 2018
KEARNEY, Neb.--(BUSINESS WIRE)--The Buckle, Inc. (NYSE: BKE) announced today that comparable store net sales, for stores open at least one year, for the 5-week period ended December 30, 2017 decreased 4.1 percent in comparison to comparable store net sales for the 5-week period ended December 31, 2016. Net sales for the 5-week fiscal month ended
RPM Reports Record Fiscal 2018 Second-Quarter Results
January 4, 2018
MEDINA, Ohio--(BUSINESS WIRE)--RPM International Inc. (NYSE:RPM) today reported record sales, net income and diluted earnings per share for its fiscal 2018 second quarter ended November 30, 2017. Sales increased 10.5% and net income of $95.5 million, or $0.70 per diluted share, compared to a year-ago net loss of $70.9 million, or loss of $0.54 per
Garmin® heads to CES with a new scalable infotainment platform
January 4, 2018
OLATHE, Kan.--(BUSINESS WIRE)--Garmin International Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), will be introducing its scalable infotainment platform for Automotive Original Equipment Manufacturers (OEMs) at the 2018 Consumer Electronics Show (CES). The platform uses the Intel Atom® quad core x7 or Intel Atom® dual core x5 (Apollo Lake)
2018 Volvo XC60 T6 AWD Inscription
January 4, 2018
The thing about the 2018 Volvo XC60 T6 AWD Inscription: this all-new crossover from Sweden is the kind of vehicle that you want to be in when driving in and around Gothenburg, from which it hails, because it has the levels of comfort and capability that put you in good stead, regardless of the weather (although, oddly enough, as I am writing this
How Control Over Part Data Will Expand and Simplify Supply Chains
January 4, 2018
Digital rights management for manufactured part files will enable OEMs to enforce manufacturing requirements at a distance, as an alternative to in-person certification of suppliers. Blog Post: 1/4/2018 Peter Zelinski Editor-in-Chief, Modern Machine Shop Does the music industry have a lesson to teach manufacturing? Stephan Thomas says yes, and the
Hybrid Machine Combines Laser AM with Subtractive Processes
January 4, 2018
The MU-8000V Laser EX multitasking CNC machine from Okuma combines laser additive manufacturing laser additive technology with subtractive manufacturing capabilities to enable complete part production on one machine. The MU-8000V Laser EX combines laser metal deposition (LMD) technology with the ability to cut parts of many
Full Grip Jaws Hold Workpieces to Maintain Accuracy
January 4, 2018
Dillon Manufacturing’s full grip jaws are available from 6” to 24” in diameter, with heights of 2, 4, and 6”, and metric sizes from 140 mm to 630 mm in diameter. The jaws completely grip workpieces, holding them in place to maintain repetitive accuracy during high-speed machining operations, the company
Throwback Thursday: Skills Center: Apprentice Training - Shop Safety
January 4, 2018
It’s never a bad time to revisit features that remind us of the importance of safety in a shop environment. I’m posting the first MMT Throwback Thursday of 2018. As I considered what issue and feature article to bring you today, it occurred to me that one year ago, in our January 2017 issue, Ryan Pohl, founder of Praeco Skills LLC,
Flexsteel Announces Planned Chief Financial Officer Retirement and Successor Appointment
January 4, 2018
DUBUQUE, Iowa--(BUSINESS WIRE)--Flexsteel Industries, Inc. (NASDAQ:FLXS) today announced that Timothy E. Hall, Chief Financial Officer, will be retiring from Flexsteel Industries, Inc. on June 30, 2018, after 23 years of service. Marcus D. Hamilton will join Flexsteel and assume the role of Chief Financial Officer on January 8, 2018. Mr. Hall will
Celanese Announces Vinyl Acetate-based Emulsions Price Increase
January 4, 2018
DALLAS & SHANGHAI--(BUSINESS WIRE)--Celanese Corporation (NYSE: CE), a global technology and specialty materials company, and a global leader in vinyl acetate ethylene (VAE) emulsions, announced today it will increase the price of vinyl acetate-based emulsions sold in China by ¥300/MT effective immediately, or as contracts otherwise
Videojet Named One of the “Best and Brightest Companies to Work For in the Nation” for 2017
January 3, 2018
CHICAGO--(BUSINESS WIRE)--Videojet Technologies, a global leader in coding, marking and variable data printing solutions, announced today that they have been recognized by the National Association for Business Resources (NABR) as one of the 2017 Best and Brightest Companies to Work For®. The competition identifies and recognizes companies that
Audi of America Sets Annual Sales Record with 226,511 Deliveries, as Consumer Demand Overcomes a
January 3, 2018
HERNDON, Va.--(BUSINESS WIRE)--Audi sales in the United States grew 7.8 percent in 2017, setting a new annual record with a total of 226,511 deliveries. December 2017 sales rose 16.3 percent, year over year, for a total of 26,977 vehicles sold in the final month of the year. For the full year-end report, please visit the Audi Newsroom here. Annual
Graco Inc. Announces Fourth Quarter 2017 Earnings Conference Call
January 3, 2018
MINNEAPOLIS--(BUSINESS WIRE)--Graco Inc. (NYSE: GGG) announced today that it will release its Fourth Quarter 2017 earnings after the New York Stock Exchange closes on Monday, Jan. 29, 2018. A full text copy of the earnings announcement will be available on the Company’s website at www.graco.com. Graco management will hold a conference call,
BMW Group U.S. Reports December 2017 and Year-End Sales
January 3, 2018
WOODCLIFF LAKE, N.J.--(BUSINESS WIRE)--Sales of BMW brand vehicles increased 4.3 percent in December for a total of 34,253 compared to 32,835 vehicles sold in December 2016. For the full year, BMW brand sales were down 2.4 percent on total sales of 305,685 vehicles compared to 313,174 sold in 2016. Notable individual vehicles in December included
Mitsubishi Motors Reports Its Fifth Consecutive Year of Sales Growth
January 3, 2018
CYPRESS, Calif.--(BUSINESS WIRE)--Mitsubishi Motors North America, Inc. (MMNA) continued its sales momentum in 2017 posting its fifth consecutive calendar year sales increase. Total 2017 sales were 103,686, an increase of 7.7 percent over 2016, and the first time the brand has surpassed 100,000 vehicles sold since 2007. For the month of December,
Cohu to Present at the Needham Growth Conference on January 17, 2018
January 3, 2018
POWAY, Calif.--(BUSINESS WIRE)--Cohu, Inc. (NASDAQ: COHU), a leading supplier of semiconductor equipment, today announced that Luis A. Müller, President and CEO, and Jeffrey D. Jones, Vice President and CFO, will present at the 20th Annual Needham Growth Conference at 11:20 a.m. ET on Wednesday, January 17, 2018 at the Lotte New York Palace
Hennig, AME Expanding Multiple Illinois Facilities
January 3, 2018
Hennig Inc. and its sister company, Advanced Machine & Engineering Co. (AME) are expanding multiple facilities in a multimillion-dollar effort that is expected to add as many as 100 jobs to the Rockford, Illinois, area. The expansion involves three facilities between Hennig’s location in Machesney Park and AME’s location in
Desktop Metal Awarded Seminal Separable Supports Patents for Its Metal 3D Printing Technology
January 3, 2018
BURLINGTON, Mass.--(BUSINESS WIRE)--Desktop Metal, the company committed to bringing metal 3D printing to engineers and manufacturers, announced it has been granted seminal patents by the United States Patent and Trademark Office for its inventions in interface layer technology for both its Studio System™, the first office-friendly metal
Dow Packaging and Specialty Plastics and Keep America Beautiful Announce Hefty® EnergyBag™ Grant
January 3, 2018
MIDLAND, Mich.--(BUSINESS WIRE)--Dow Packaging and Specialty Plastics and Keep America Beautiful announced they have awarded two $50,000 grants to organizations in Cobb County, Georgia (Keep Cobb Beautiful Inc.) and Boise, Idaho to establish the Hefty® EnergyBag™ program in their respective communities. The program, which aligns with
Polaris Schedules Fourth Quarter and Full-Year 2017 Earnings Release and Conference Call
January 3, 2018
MINNEAPOLIS--(BUSINESS WIRE)--Polaris Industries Inc. (NYSE: PII) announced today that it will release its fourth quarter and full-year 2017 financial results on Tuesday, January 30, 2018, and will hold a webcast and conference call at 10:00 a.m. CST on the same day to discuss the results. The call will be hosted by Scott Wine, Chairman and CEO;
Mercedes-Benz USA Closes out 2017 with Best Sales Month Ever
January 3, 2018
ATLANTA--(BUSINESS WIRE)--Mercedes-Benz USA (MBUSA) today reported highest monthly sales in its history with a best-ever December total of 35,203 units, an increase of 10.0% from the 32,011 vehicles sold during the same period last year. Mercedes-Benz Vans reported best-ever December sales with 4,047 units (up 4.8%) and smart reported 166 units,
Ford Motor Company to Present at Deutsche Bank Global Auto Industry Conference
January 3, 2018
DEARBORN, Mich.--(BUSINESS WIRE)--On Tuesday, Jan. 16, Ford Motor Company (NYSE:F) will present at the 2018 Deutsche Bank Global Auto Industry Conference in Detroit. Jim Farley, Ford executive vice president and president of Global Markets, and Bob Shanks, Ford executive vice president and chief financial officer, will conduct the
U.S. Navy Awards BAE Systems $47 Million Contract to Modernize USS Howard
January 3, 2018
SAN DIEGO--(BUSINESS WIRE)--BAE Systems has received a $47.8 million contract from the U.S. Navy to modernize the guided-missile destroyer USS Howard (DDG 83). The Howard will undergo 15 months of extensive work at the company’s shipyard in San Diego, the ship’s homeport. The depot maintenance period (DMP) availability contract includes
Closers Can Operate with M Code for Automated Applications
January 3, 2018
Lexair’s Flex Grip closers are designed for versatility and efficiency, boosting productivity for a variety of machining operations including five-axis, rotary indexing and stationary applications, according to the company. The manual/hydraulic closers are clamped through a screw pump with a spring return opening. A part’s stop disk is
Multi-Spindle Machine Simultaneously Mills, Turns in Nine Axes
January 3, 2018
Absolute Machine Tools offers Quicktech’s high-precision S-32 ATM nine-axis, twin-spindle milling and turning center. The system has nine axes in total, including two turning spindles and a 190-degree, B-axis milling spindle serviced by a 24-tool arm-type automatic toolchanger. Six fixed gang-type ID turning tools at the subspindle result in
Qosina Announces Scott Herskovitz as New President and Chief Executive Officer
January 3, 2018
RONKONKOMA, N.Y.--(BUSINESS WIRE)--Qosina Corp. is pleased to announce the appointment of Scott Herskovitz to president and chief executive officer, effective immediately. As president and CEO, Scott will have responsibility for development and execution of the company’s strategic plan. “I am very excited about the future of Qosina and
Phyton Biotech Unifies International Operations Under New Leadership
January 3, 2018
VANCOUVER, Canada--(BUSINESS WIRE)--DFB Pharmaceuticals, a Fort Worth, Texas-based private investment group with an entrepreneurial drive for developing new products and businesses in health care, announced the promotion of Colin Marr to President of Phyton Ltd., the world’s leader in commercial-scale plant cell fermentation technology and
Axalta’s 65th Annual Global Automotive 2017 Color Popularity Report Reveals White as Number One
January 3, 2018
CLINTON TOWNSHIP, Mich.--(BUSINESS WIRE)--Axalta Coating Systems (NYSE: AXTA) today released the findings of its 65th annual Global Automotive Color Popularity Report, which shows white as the worldwide leader in consumer vehicle color choice in 2017, followed by black in second place at 16 percent, and gray and silver tied in third place for the
PPG Executives to Discuss Paints, Coatings Technologies for Autonomous Driving, Electric Vehicle
January 3, 2018
PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE: PPG) today announced that members of its leadership team will participate in panel discussions covering autonomous and electric vehicle technologies during the 2018 Automobili-D exposition and conference, Jan. 14-20 at Cobo Center in Detroit. Held in conjunction with the North American International Auto Show
Top Shops: Part Inspection Hours Per Week, Liquid and Powder Coatings
January 3, 2018
In the latest Products Finishing Top Shops Benchmarking Survey results for liquid and powder coaters, the Top Shops spent 25 hours a week checking part quality and looking for imperfections. All other shops spent just under 5 hours per week, with the median being 10 hours per week. The amount of time a shop spends inspection finished
Dürr Named Core Supplier of Groupe PSA
January 3, 2018
With its multiple automotive brands — Peugeot, Citroën, DS Automobiles, Opel in Germany and Vauxhall in Great Britain — Groupe PSA has been a major customer of Durr’s for more than 20 years. International automotive manufacturer Groupe PSA chose the Dürr Group in Southfield, Michigan as a primary supplier
RPM Declares Quarterly Dividend
January 3, 2018
MEDINA, Ohio--(BUSINESS WIRE)--RPM International Inc. (NYSE: RPM) today announced that its board of directors has declared a regular quarterly cash dividend of $0.32 per share, payable on January 31, 2018 to stockholders of record as of January 17, 2018. RPM's last cash dividend increase of 6.7 percent in October 2017 marked its 44th consecutive
DULUX Paints by PPG Announces Colour Trends for 2018: Start off New Year with Bold, Elegant Hues for
January 3, 2018
TORONTO--(BUSINESS WIRE)--It’s a brand new year, and there is no better time to reimagine your home as an elegant retreat from the outside world than with the trendiest paint colour palette from DULUX® Paints by PPG. Interiors take on the look of dark glamour this year as consumers bravely select a colour palette of bold elegance,
Ford SUVs Post Record Sales While F-Series Marks 41 Years as America’s Best-Selling Pickup; Ford
January 3, 2018
DEARBORN, Mich.--(BUSINESS WIRE)--Ford Motor Company (NYSE: F) today reported its December 2017 sales results. Click here or visit media.ford.com to view the news release. Ford will begin its monthly sales call at 10 a.m. ET this morning when Erich Merkle, Ford U.S. sales analyst, will host a conference call for the investment community and news
2018 CES: Hyundai Mobis Announces Lifesaving Autonomous Vehicle Technology to Potentially Eliminate
January 3, 2018
DETROIT--(BUSINESS WIRE)--Hyundai Mobis (KRX:012330), will unveil the latest life-saving DDREM (Departed Driver Rescue & Exit Maneuver) technology at CES in January 2018. DDREM uses three checkpoints to determine if a driver begins to depart from the driving role, and requires assistance. If departure is detected, DDREM technology takes over
Orbital ATK Signs $23 Million Full-Rate Production Contract for Hard Target Void Sensing Fuze
January 3, 2018
DULLES, Va.--(BUSINESS WIRE)--Orbital ATK (NYSE: OA), a global leader in aerospace and defense technologies, announced today that it has signed its first full-rate production (FRP) contract for its revolutionary all-electronic FMU-167/B Hard Target Void Sensing Fuze (HTVSF). Contracted through the U.S. Air Force, the $23 million award is a
DXP Enterprises Completes Acquisition of Application Specialties, Inc.
January 3, 2018
HOUSTON--(BUSINESS WIRE)--DXP Enterprises, Inc. (NASDAQ: DXPE) today announced the completion of the acquisition of Application Specialties, Inc. (“ASI”), a leading distributor of cutting tools, abrasives, coolants and machine shop supplies. DXP funded the acquisition with cash on the balance sheet. Founded in 1989, ASI is headquartered