Economy

OSG Tap & Die Inc., Glendale Heights, Ill., will open a new regional service center in Forest Park, Ga., on Dec. 1. The 21,198-sq.-ft. facility will stock a complete line of OSG cutting tools including taps, end mills, drills and indexables, as well as other products including thread gages and toolholders. OSG expects to create at least 10 new warehouse and customer service positions with this expansion. 

The National Institute for Metalworking Skills (NIMS), a governing body for education and training in manufacturing, launched a new website designed for employers seeking to fill open jobs and build a network of competitive talent. Nimsready.org provides information, tools and how-to guides to help employers learn about and implement industry-recognized credentials at their companies, according to NIMS.

On Oct. 16, Sandvik Coromant Co. celebrated the opening of a Productivity Center in its new U.S. headquarters in Fair Lawn, N.J. The company held a grand opening ceremony for the headquarters on July 1. The combined $26 million, 100,000-sq.-ft. facility includes office space, meeting facilities, the Productivity Center and an aerospace-focused Engineering Competence Center for customer training, engineering and process development.  

KommaTrade, an online mechanical engineering trade fair, was recently launched at www.kommatrade.com. Through the Web portal, based in Rotterdam, The Netherlands, manufacturers from different sectors can make presentations with product pictures and a company description. The website allows users to click through to an exhibitor's website, which provides communication coordinates and contact information.

GF Machining Solutions LLC, Lincolnshire, Ill., welcomed more than 150 guests, including city and state officials, at the Oct. 9 grand opening of its Irvine, Calif., facility. The event featured a ribbon cutting ceremony, guided tours, product displays, machine demonstrations and presentations. The new facility, which also houses GF Piping Systems, provides support and training for customers in the West and aids collaboration between GF Machining Solutions and local manufacturers on technology development and process improvement.

Toolmaker Mazak Corp., Florence, Ky., will host a free MTConnect lunch-and-learn event for manufacturers on Thurs., Nov. 6, from 11:30 a.m. to 2:00 p.m. at its Northeast Technology Center in Windsor Locks, Conn. The presentation will cover how MTConnect, an open-source, royalty-free manufacturing protocol, can improve the utilization of their equipment and boost productivity, according to the company.

In its research for Wohlers Report 2014, Wohlers Associates, Inc. found that revenues from the production of parts for final products represents 34.7 percent of the entire market for additive manufacturing (AM) and 3D printing—terms that are used interchangeably. Since 2003, this market segment has gone from less than 4 percent to more than one-third of total revenues from AM products and services worldwide.

New York equity firm Uni-World Capital LP has acquired CNC machine tool builder Drake Manufacturing Services Co., Warren, Ohio.

The Village of Elk Grove, Ill., will host the second annual Made in Elk Grove Manufacturing and Technology Expo on Oct. 21 at 1925 Busse Road. The Expo provides attendees from around the Midwest an opportunity to connect, collaborate and cultivate relationships with Elk Grove-based manufacturing companies. Over 1,000 people attended the inaugural Expo in 2013, which featured approximately 100 exhibitors from industries ranging from precision machining, plastics and electronics to packaging and industrial services.

Midwest Industrial Tool Grinding Inc. (MITGI), Hutchinson, Minn., has been awarded a 2014 Image Award, one of eleven Manufacturing Awards presented by Minnesota Business Magazine. A first time finalist for the award, MITGI was honored for its efforts to improve the industry's image and for promoting careers in manufacturing.