Management

Exhibiting at IMTS 2018?

If you're an exhibitor planning to showcase a product or service at IMTS 2018, please click here to send a press release and image of the product or service to Cutting Tool Engineering Editor Alan Richter.

When not to listen

04/30/2018

Author:

Keith Jennings

Repeat work is great, but shops have to guard against the comfortable complacency that such work can generate at the expense of diversifying its customer base. Said diversification is essential to a shop's growth.

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Cash is king—why you should keep yours

There are many advantages to financing your equipment purchases instead of paying cash. Stearns Bank vice president of business development, Michelle Fuchs, has helped many businesses reap the benefits of commercial equipment financing. They’ve learned that financing, rather than cash, is the best approach for the long-term health of their business.

Manufacturers added 22,000 workers in March

The Bureau of Labor Statistics reported that manufacturers added 22,000 workers in March, extending the 32,000 gain in employment in February. It was the sixth consecutive month with robust hiring growth in the sector, averaging 27,167 per month over that time frame.

Infographic: The facts about manufacturing

There’s a very old parable, thought to have originated in the Indian subcontinent, of six blind (or blind-folded) men asked to describe an elephant. They reach different conclusions depending upon which part of the elephant they touch: side – it’s like a wall; leg – it’s like a tree; trunk – it’s like a snake; tusk – it’s like a spear; ear – it’s like a fan; and tail – it’s like a rope.

Chemetall opens laboratory

The surface treatment global business unit of Ludwigshafen, Germany-based BASF SE’s coatings division, operating under the Chemetall brand, opened a laboratory at its 38,700-sq.-ft. manufacturing and office facility in Querétaro, Mexico.

Jtekt Toyoda Americas Corp. expands Michigan sales efforts

Jtekt Toyoda Americas Corp., Arlington Heights, Ill., named GeroTech Inc. distributor for east and north Michigan territories for the entire product line, excluding grinder sales.

Milltronics USA Inc. names sales, service distributor

Milltronics USA Inc., Waconia, Minn., named Protek CNC Sales Corp., Simi Valley, Calif., the exclusive distributor for Southern California and southern Nevada.

USCTI: Cutting tool economic health looking up

The United States Cutting Tool Institute (USCTI) reported total billings of nearly $168 million among the 43 cutting tool companies included in USCTI's Current Business Report (CBR) for February 2018. The total represents an increase of almost 7 percent over total billings in February 2017, which topped $156 million, and a 6 percent jump compared to total billings of nearly $157 million in February 2016.

In January, USCTI reported total billings of more than $172 million.