Management

January PMI drops sharply

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.

Third Wave Systems contracts with USAF

Third Wave Systems, a Minneapolis-based provider of machining modeling technology, has been awarded a $3 million contract by the U.S.  Air Force Life Cycle Management Center. The contract, one of the largest funded projects in Third Wave's 20-year history, is to expand its metalcutting simulation solutions to composite materials used on the F-35 Joint Strike Fighter.

Seco named Supplier of the Year

Affiliated Distributors' Industrial Supply Division recently named Seco Tools its 2013 Supplier of the Year for Marketing Excellence. The accolade is part of Affiliated Distributors' annual Spirit of Independence Awards Ceremony that recognizes individual affiliates and suppliers that demonstrate consistent excellence in marketing, performance and/or leadership. 

OSHA releases new resources

The U.S. Department of Labor's Occupational Safety and Health Administration launched two new Web resources to assist companies with keeping their workers safe from exposure to hazardous chemicals. While many chemicals are suspected of being harmful, OSHA's exposure standards are out-of-date and inadequately protective for the small number of chemicals that are regulated in the workplace. The first resource OSHA has created is a toolkit to identify safer chemicals that can be used in place of more hazardous ones.

MSC opens co-headquarters in N.C.

MSC Industrial Supply Co., a distributor of metalworking and maintenance, repair and operations solutions, services and supplies to industrial customers throughout the United States and Canada, announced the grand opening of its co-headquarters in Davidson, N.C. MSC celebrated the occasion on Sept. 24 with a ribbon cutting ceremony attended by elected officials, business partners, associates and community representatives. 

Seco unveils organizational changes to Canadian sales force

Seco Tools LLC, the North American subsidiary of Sweden’s Seco Tools AB, in October announced organizational changes and employee promotions within its Canadian sales organization. With 24 years of experience in the industry, including 10 years at Seco, Branko Hohnec brings a wealth of expertise to the role of general manager for Seco in Canada. Hohnec worked as a production manager as well as in distribution before joining Seco in 2005. For the past decade, he has been the managing director for Seco in Slovenia.