Industry News

News • July 25, 2017

Riverside Tool Corp. acquires General Saw Corp.

Riverside Tool Corp., Elkhart, Ind., a Techniks Industries company, has acquired Cape Coral, Fla.-based General Saw Corp.

News • July 25, 2017

Flash PMI: Japan manufacturing growth at eight-month low on falling exports demand

Japan's manufacturing activity has fallen to an eight-month low in July, according to IHS Markit survey results. The Nikkei Flash Japan Manufacturing Purchasing Managers Index (PMI) for July is calculated to be a seasonally adjusted 52.2, following a 52.4 level in June. The Flash Manufacturing Output Index was pegged at at 51.4, down from 52.2 in June and the weakest growth in 10 months.

News • July 24, 2017

Midwest Industrial Tool Grinding Inc. a finalist for award

Midwest Industrial Tool Grinding Inc., Hutchinson, Minn., has been named a finalist in the Workforce Development Award category for the Minnesota Business 2017 Manufacturing Awards.

News • July 21, 2017

Allied Machine & Engineering Corp. announces training department

Allied Machine & Engineering Corp., Dover, Ohio, a tooling manufacturer of complete holemaking solutions, has announced its new engineering training department, which provides comprehensive, hands-on education programs for new employees, end users and distributors from around the world.

News • July 21, 2017

System 3R marks 50th anniversary

Lincolnshire, Ill.-based GF Machining Solutions LLC's System 3R, which supplies modular workholding/tooling systems, automation and software, is celebrating its 50-year anniversary.

News • July 19, 2017

New Atlas: Google Glass is back, changing the face of manufacturing

The clunky, AR device never really clicked with 'cool cache' in the public domain, but in the professional or industrial workplace Google Glass is turning out to be incredibly useful. Stripped of the Insta-photo, email-checking trimmings, the device is now being used to cleverly enhance workflows and make it easier for people to do their jobs.

News • July 18, 2017

Heule Tool appoints new National Sales Manager

Heule Tool Corp., Cincinnati, in July announced the promotion of William "Bill" Hargrove to National Sales Manager. In his new role Hargrove will further the growth and development of the Heule sales force to support national accounts growth throughout North America.

News • July 18, 2017

HEIDENHAIN appoints new President/Managing Director

The Dr. Johannes Heidenhain GmbH company in July selected David Doyle as President and Managing Director of the Schaumburg, Ill.-based Heidenhain Corp. Doyle assumes full responsibility for the Heidenhain customer-focused operations for the U.S., Canada and Mexico. This change continues the succession plan for Heidenhain CEO Rick Korte.

News • July 17, 2017

Star Tribune: More Minn. factories convincing employees to work past 65

Hanging on to talented older workers steeped in institutional knowledge has become a critical issue for many manufacturing businesses. The worker shortage is driving employers to take creative approaches to retirement. About 78 million baby boomers are nearing or at retirement, and the National Association of Manufacturers (NAM) estimates that factories will need 3.5 million new factory workers in the next 10 years just to keep production lines and distribution routes going.

News • July 17, 2017

Washington Examiner: Congress wants to incentivize US manufacturing

A bipartisan and bicameral group of lawmakers is proposing a bill that would incentivize and boost American manufacturing, in addition to research and development, as the Trump administration looks to keep a promise from the presidential campaign. Reps. Mike Kelly, R-Pa., and Ron Kind, D-Wis., with Sens. Chris Coons, D-Del., and Pat Roberts, R-Kan., have introduced the Invent and Manufacture in America Act, a bill that would give a tax credit to companies that not only conduct research and development, but also manufacture products resulting from that R&D as well.

News • July 10, 2017

24-year-old leads Ripley Machine & Tool Co.

Amidst the ongoing discussion of how to interest young people in manufacturing careers comes news of one young person who certainly is. The Westfield (N.Y.) Republican profiles Andy Reinwald, the 24-year-old owner of Ripley Machine & Tool.

News • July 3, 2017

U.S. manufacturing growth credited to foreign investment

The St. Louis Post-Dispatch reports: "Years before President Donald Trump began promising to bring back good manufacturing jobs by getting tough with U.S. trade partners, such jobs had already been on the rise, largely thanks to foreign companies now cast as villains in Trump's narrative. A Reuters analysis of federal jobs data shows that out of 656,000 new manufacturing jobs created between 2010 and 2014, two-thirds can be attributed to foreign direct investment."