Industry News

Jana Davis steps into a new role as Chief Operating Officer at Bunting Magnetics Co. effective May 30. Davis, who joined the company in 2011 as Chief Financial Officer, will oversee day-to-day business operations at the company's Newton, Kan., location, as well as at its Magnet Materials Division in Elk Grove Village, Ill., Bunting Magnetics Europe in Berkhamsted, U.K., and Magnet Applications Inc. in DuBois, Penn.

Doug Wetzel, managing director at contract manufacturer Protomatic, Dexter, Mich., is finding business to be slower than he wishes. Like many other U.S. job shops, the 45-year-old company is experiencing a slowdown caused by tumbling oil prices and worldwide political and economic uncertainty. The difference is Wetzel isn’t too worried. His advice to fellow manufacturers is to not let market uncertainty paralyze them from seeing a slowdown’s silver lining— namely, time to prepare for the inevitable upturn.

MachiningCloud GmbH, a product content provider for cutting tools, CNC machines and workholding, today announced partnerships with Mitsubishi Materials and Destiny Tool to make product data from both companies available through its web-based platform, according to an announcement from MachiningCloud issued today.

An item in the April 1 issue of The Kiplinger Letter suggested that a tough business climate for makers of various products will spur mergers and acquistions among companies looking "to consolidate forces to keep going." And judging from the spate of mergers and acquisitions announced since the beginning of this year, it would appear the prediction was no April Fool's Day joke.

In an effort to expand its reach within the aerospace industry, OSG USA Inc. has purchased Amamco Tool & Supply Co. Inc., an ISO 9001:2008 and AS9100C registered company that makes high-quality, custom, carbide tools for manufacturers in the aerospace, automotive and medical industries, according to an OSG USA news release issued today.

One constant fear in regard to automation is that it will make human workers obsolete. Citing a 2013 University of Oxford study, University of Cincinnati Assistant Professor of Economics Michael Jones wrote that almost half of those employed in the U.S. are at risk of being replaced by automation over the next 10 to 20 years, with transportation, logistics and administration as the most vulnerable occupations.

Hexagon AB, a global provider of information technologies for driving productivity and quality across geospatial and industrial enterprise applications, today announced the acquisition of AICON 3D Systems, a leading provider of optical and portable non-contact 3D measuring systems for industrial manufacturing.

Solar Manufacturing, Souderton, Penn., recently appointed John Oakes as the company's new sales representative for the Northeast U.S. region, according to a Feb. 17 news release. Oakes will focus on vacuum furnace sales in Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island and Vermont.

BIG KAISER Precision Tooling, Hoffman Estates, Ill., recently welcomed Pierre Bruyere to the company's Rep network for select provinces in Eastern Canada. He has been tasked with managing distributor relationships and sales efforts with customers in Quebec, Newfoundland & Labrador, New Brunswick, Nova Scotia and Prince Edward Island.

Laser technology company Coherent Inc. will acquire industrial laser maker Rofin-Sinar Technologies Inc. for about $942 million, according to a joint news release issued by the two companies March 16. "This transaction is aligned with our strategy of increasing our scale and pursuing accretive growth opportunities," said Coherent President and CEO John Ambroseo. "The combination of Coherent and Rofin represents a unique opportunity to strengthen Coherent’s position in materials processing. The addition of Rofin's complementary portfolio will build on Coherent’s capabilities as a world leader in laser and photonics-based technology and solutions, and create meaningful value for our stockholders."

Greenleaf Corporation, a leading developer of cutting tool technology and ceramic materials, has appointed Jan Andersson to the position of Global Manager, Tech Team and Marketing. Andersson comes to Greenleaf from Kennametal Corporation and Sandvik Coromant where he held various positions within Product Management, Marketing, Sales and R&D.

TYKMA Electrox, Chillicothe, Ohio, a worldwide supplier of industrial laser systems, in February introduced a new brand identity following the year-old merger between TYKMA Technologies and Electrox Laser Marking Systems. 

Bunting Magnetics Co., Newton, Kan., which produces a line of metal detection, magnetic separation and material handling equipment, recently promoted Robert Bunting to general manager of the company's Magnet Materials Division, which is located in Elk Grove Village, Ill.

Based in Mount Prospect, Ill., SNK America recently selected Associated Machine Tool Technologies (AmTTech) as its Texas distributor for NIIGATA horizontal machining centers, SNK Nissin horizontal boring mills and SNK double-column machining centers. AmTTech, which is based in Houston, has served the Texas market for 25 years.

Solar Manufacturing, Souderton, Penn., recently announced that Marty Benegalia, president of Southern Thermal Systems, will assume the role of a sales representative focusing on areas in Texas, Oklahoma, Kansas, Arkansas and Louisiana.  Benegalia joins Solar Manufacturing with a technical background of 20 years in metallurgy and heat treating, as well as experience in the petrochemical and oilfield equipment industries.

Has the reshoring train left the station or not? According to the second annual U.S. Reshoring Index from global management consultants A.T. Kearney, the answer is a resounding “no.” In 2015, the index, at -115, indicates that reshoring of manufacturing activities to the U.S. has not kept up with offshoring. The index measured -30 in 2014. A positive number indicates net reshoring, while a negative value indicates net offshoring.

The Manufacturers Alliance for Productivity and Innovation published a report in January about megatrends that are reshaping manufacturing. Titled “Manufacturing Megatrends: The Impact of Megatrends on U.S. Manufacturers,” the report was authored by MAPI Director of Councils and Business Research Jenn Callaway, and is based on surveys conducted with manufacturing executives. 

Forklifts—the workhorses of the plant floor—are more valuable than ever at ITAMCO (Indiana Technology and Manufacturing Cos.). The Plymouth, Ind.-based manufacturer of gears and other precision components connected its forklifts to the Industrial Internet of Things (IIoT), which integrates machine tools and other manufacturing equipment with networked sensors and software. 

Röhm Products Mexico S. de R.L. de C.V., a subsidiary of Röhm GmbH, recently opened a new office in Monterrey, Mexico, in an effort to expand the company's sales, service and support capabilities to meet increasing demand for high-quality clamping and gripping technology throughout Mexico and Central America, the company reported in a Feb. 22 news release.

An online San Francisco Chronicle report posted Feb. 18—"Hacker ethos comes to the factory floor"—suggests that large and small manufacturers alike "are beginning to think and operate like software companies." And, just for the record, that's a good thing, say the authors: Mark Muro, a senior fellow and the policy director of the Metropolitan Policy Program at the Brookings Institution, and Kelly Kline, the economic development director and chief innovation officer of the city of Fremont, Calif.