Industry News

System Insights, Berkeley, Calif., which specializes in manufacturing analytics, is changing its corporate name to Vimana.

Motion Industries Inc., Birmingham, Ala., a wholly owned subsidiary of Genuine Parts Co., Atlanta, has agreed to acquire Numatic Engineering Inc., Sun Valley, Calif.

Master Fluid Solutions, Perrysburg, Ohio, a marketer of metalworking fluid products, has appointed Kyle R. Stoffer as CFO.

Heidenhain Corp., Schaumburg, Ill., has hired Gisbert Ledvon as TNC business development manager in North America.

MachiningCloud Inc., Camarillo, Calif., and Garr Tool Co., Alma, Mich., have partnered to provide Garr Tool product data in the cloud.

Newton, Kan.-based Bunting Magnetics Co., which specializes in magnet and magnetic equipment design, manufacturing and distribution, has appointed Bill Wagner to the executive leadership team as the CFO.

Fives Landis Corp., Hagerstown, Md., a manufacturer of precision grinding solutions and grinding accessories, will open a technology center at its headquarters.

Florence, Ky.-based Mazak Corp. continues its advancement toward the complete digitization of all its manufacturing operations with the recent transformation of its Oguchi, Japan, facility into yet another Mazak iSmart Factory.

Absolute Machine Tools Inc., Lorain, Ohio, has hired David Grega as COO. He will oversee the operation of Absolute's technical centers in Lorain and Mason, Ohio; Livonia, Mich.; and Elgin, Ill.

Richmond, Ind.-based Osborn has picked Paul Dent to be its new director of sales for the Load Runners division.

Irvine, Calif.-based CGTech, creator of Vericut, and MachiningCloud Inc., Camarillo, Calif., have announced a Vericut enhancement in MachiningCloud software whereby Vericut customers can import cutting parameters from cutting tool manufacturers from within MachiningCloud directly into Vericut.

Driven by improving demand and steady global economic recovery, Taiwan's manufacturing output in terms of revenue is expected to grow 3.87 percent to NT$17.54 trillion (US$576 billion) this year, said the Industrial Technology Research Institute's Industrial Economics and Knowledge Center. Meanwhile, IEK said that in value-added terms, Taiwan's machine tool industry is the worst-performing segment behind all other segments of the manufacturing sector.