Economy

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.  

After more than 30 years of working together, collet chuck producer BIG Daishowa Seiki Co. Ltd. (Osaka, Japan) and tooling provider KAISER Precision Tooling Ltd. (Rümlang, Switzerland) have solidified their longtime partnership in the European and Asian markets. The two companies have come together to create a mutually beneficial distribution network similar to the decade-old US-based BIG Kaiser Precision Tooling Inc, Hoffman Estates, Ill. BIG Kaiser Germany ran as a pilot project to test efficacy of such a model in the European market and the company's success paved the way for a larger European partnership executed through KAISER Switzerland. 

The Reshoring Initiative was honored by Frost & Sullivan's Manufacturing Leadership Council as one of the winners of the 2014 Manufacturing Leadership Awards (ML Awards) in the category of Industry Advocacy.

The National Institute for Metalworking Skills (NIMS), Fairfax, Va., announced that it awarded a record number of credentials last year to individuals seeking to enter into or advance in jobs in the metalworking industry. In 2013, NIMS issued 13,888 industry-recognized credentials, representing a 58.8 percent increase from 2012.

Owners of 3-year-old vehicles (2011 model year) report more problems than did owners of 3-year-old vehicles last year, according to the 2014 U.S. Vehicle Dependability Study^SM (VDS) released by market information services firm J.D. Power and Associates, Westlake Village, Calif.

Seco Tools, Troy, Mich., was recognized for participating in the John Deere Cost Reduction Opportunities Process (JD CROP), part of Deere & Company's Achieving Excellence program. The toolmaker received the honor for the quality of its cost-reduction ideas and for demonstrating its commitment to continuous improvement, according to Seco.

Economic activity in the manufacturing sector expanded in January for the eighth consecutive month, and the overall economy grew for the 56th consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business. Yet, the January PMI registered 51.3 percent, a decrease of 5.2 percentage points from December's seasonally adjusted reading of 56.5 percent.