Economy

Spate of mergers and acquisitions

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.

OSG acquires Amamco Tool

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.

Rise of the robots

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.

Women to play an increasingly important role in manufacturing industry

04/01/2016

Author:

Holly B. Martin

Though Rosie the Riveter and a multitude of her sisters proved that women were perfectly capable of working in manufacturing when the men were called to serve during World War II, many of these patriotic women graciously stepped aside to allow the returning soldiers to resume their jobs. Since then, the number of women in manufacturing jobs has yet to recover. According to a 2015 report by consultancy Deloitte LLP, in conjunction with The Manufacturing Institute and the APICS Supply Chain Council, women hold only 27 percent of U.S. manufacturing jobs, even though they make up 47 percent of the total labor force. “Women are underrepresented in every manufacturing sector in the U.S.,” the report stated.

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NTC Laser to join Komatsu America

In a move aimed at providing improved sales and service support as well as new and innovative products, NTC Laser will join Komatsu America Industries LLC as of April 1, sources at both companies reported in a joint news release issued today. NTC Laser and Komatsu are subsidiaries of Komatsu America LLC, headquartered in Rolling Meadows, Ill., a suburb of Chicago.

MAPI: Manufacturing's impact larger than fed data suggests

In a February report that seeks to add some context to manufacturing's role within the U.S. economy, the Manufacturers Alliance for Productivity and Innovation Foundation (MAPI), Arlington, Va., suggested that the manufacturing value chain accounts for about one-third of the country's gross domestic product (GDP) and employment.

METAV metalworking expo: AM revolution not here yet

Additive manufacturing (AM) will neither displace existing machining processes nor revolutionize industrial production operations—at least not for the next 5 to 7 years, according to Myron Graw, an AM authority who spoke at METAV 2016, the 19th International Exhibition for Metalworking (Metallverarbeitung) Technologies. Graw, who heads up AM operations at KEX Knowledge Exchange AG, in Aachen, Germany, wasn't just sharing his personal opinion. He was delivering the results of a five-stage AM study conducted by KEX, the Fraunhofer Institute for Production Technology and the Fraunhofer Institute for Laser Technology, according to a news release posted to the METAV 2016 website Feb. 23.

Coherent to acquire industrial laser maker Rofin-Sinar

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."

Disruptive megatrends affect manufacturing

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.

Amount of U.S. reshoring debated

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.