Economy

H-D Advanced Manufacturing Co., Pittsburgh, acquired San Diego-based Sungear Inc., a manufacturer of precision gears and assemblies for the aerospace industry.

Machine tool builder Hwacheon Machinery America (HMA) will relocate to a new headquarters and technical center in the Chicago suburb of Lincolnshire, Ill., on July 15.

Jacob Prak, CEO of Michigan Manufacturing International (MMI), Stevensville, Md., announced the completion of a new MMI plant in Hosur, India, joining MMI locations in Mumbai, Coimbatore and Bangalore, India, and Shanghai, Fuyang, Ningbo, Jinan, Shenzhen, Dongguan and Hong Kong, China.

Manufacturers nationwide are struggling to find skilled labor, and several community colleges and technical centers around the country have stepped in to fill the void, including a technical training center in Phoenix that offers CNC and manual machining programs. The Maricopa Skill Center offers two machining certificates: CNC machining and manual machining. Students in the program attend class 6 hours a day, Monday through Thursday. The CNC machining program takes about a year to complete.

Toolmaker TDC Cutting Tools Inc. announced the expansion of its operations and established its global headquarters in Seneca, S.C., resulting in 38 new positions at the facility. The company will invest $8.2 million in the construction of the new TDC Overseas campus, including a 32,000-sq.-ft. office building and a 10,000-sq.-ft. recycling center.

Since the economic slowdown in 2008, the global sales of business aircraft has been less than 50 percent of the annual sales in 2007; however, as aircraft fleets get older and the economy improves, pent-up demand may stimulate purchases.

The Association for Manufacturing Excellence (AME), Rolling Meadows, Ill., has debuted the AME Manufacturing Job Board, designed to connect job-seeking professionals with the organizations requiring their specific skills.

Machine tool builder SMTCL-Americas, City of Industry, Calif.,  has entered in to a partnership with the California State Polytechnic University, Pomona. The written agreement provides a commitment from SMTCL to provide equipment to create a machine lab for engineering students to manufacture components for class projects and international competitions.

The Association for Manufacturing Excellence Values Veterans (AMEV2) Program held its kick-off symposium on Friday, March 14, 2014 at DMG Mori USA's facility in Hoffman Estates, Ill. This event focused on teaching American employers how to recruit, hire, train and retain veterans.

Optimism regarding the direction of the domestic economy rose among U.S. industrial manufacturers during the first quarter of 2014, according to the Q1 2014 Manufacturing Barometer, released today by consulting firm PwC US, New York. The positive sentiment about the prospects of U.S. commerce in the next 12 months reached the highest level since the fourth quarter of 2005.  Conversely, optimism regarding the prospects of the world economy lessened during the first quarter as U.S. industrial manufacturers remained cautious on the global stage.