Economy

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.

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.