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Latest Industry News

ISM: Manufacturing expanded in June; employment growing
News July 5, 2017
ISM: Manufacturing expanded in June; employment growing
Economic activity in the manufacturing sector expanded in June—up 2.9 percent from May—and the overall economy grew for the 97th consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business.
U.S. manufacturing growth credited to foreign investment
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."
News July 3, 2017
The Atlantic: ‘Death of Manufacturing Exaggerated’
The sector has shrunk, but "it still draws more than a third of foreign direct investment in the country, and foreign companies still employ nearly 1 in 5 people in manufacturing jobs," the feature points out.
‘Deburring by explosion’ at Basin Precision
News July 3, 2017
‘Deburring by explosion’ at Basin Precision
A profile of Basin Precision Machining LLC in the Jefferson Co. (Wisconsin) Daily Union describes the company's pioneering use of an ATL iTEM400/600 thermal deburring machine--the first to be used in the U.S. In the feature, Basin president and CEO Erik Anderson contrasts traditional deburring via cutting or drilling with the new ATL process: "We actually take the sharp edges off of a part with an explosion." The machine uses a controlled explosion to generate 6,000 degrees in 20 milliseconds, which oxidizes burrs off of a part.
Start ’em old? 70-year-old graduates from welding course
News June 30, 2017
Start ’em old? 70-year-old graduates from welding course
Canada's CBC News reports on Allan Robichaud, who decided to go back to school at age 69—making him twice as old as his instructor—after nearly a decade of retirement. Now 70, he just completed a year-long course in welding and metal fabrication at New Brunswick Community College—the best year of his retirement, he said.
Start ’em young: Nebraska companies awarded grants to expose middle-schoolers to manufacturing
News June 30, 2017
Start ’em young: Nebraska companies awarded grants to expose middle-schoolers to manufacturing
Omaha World-Herald: The grants, worth up to $175,000 each, are provided through a program proposed by Nebraska Governor Pete Ricketts and started in 2015 to help meet Nebraska's need for skilled workers. The initiative aims to reach middle school students and get them thinking about careers in manufacturing and technology. The companies will work with their local schools in developing the local programs.
CECIMO: European machine tool builders expect growth, embrace data-driven production
News June 28, 2017
CECIMO: European machine tool builders expect growth, embrace data-driven production
The CECIMO General Assembly that recently concluded in Rotterdam confirmed that, based on solid booking numbers, the European production of machine tool is set to grow by almost 4% in 2017 and surpass a volume of 25 billion euro. Members also agreed that policy-makers should refrain from designing strict regulations on access to and sharing industrial data. CECIMO is the European association representing the common interests of the Machine Tool Industries globally and at EU level.
Boeing, Georgia Tech unveil new research center
News June 28, 2017
Boeing, Georgia Tech unveil new research center
Boeing and Georgia Tech formally opened a new advanced development research center designed to solve some of the toughest technical challenges in manufacturing. In the Boeing Manufacturing Development Center, company researchers and Georgia Tech engineering students will work together to implement automation in industrial applications. The center is located in Georgia's Tech new 19,000-sq.-ft. Delta Advanced Manufacturing Pilot Facility.
Capgemini report: Smart Factory investments, expectations are booming
News June 28, 2017 Michael C. Anderson
Capgemini report: Smart Factory investments, expectations are booming
Capgemini's Digital Transformation Institute reports that manufacturers expect investments in smart factories will drive a 27 percent increase in their operation efficiency over the next five years. This would add $500 billion in annual added value to the global economy. Fifty-six percent of surveyed manufacturing executives said their companies have invested $100 million or more in smart factory initiatives over the past five years, while 20 percent claim to have invested $500 million or more.
Analysis of US manufacturing sector warns of possible pitfalls, severe declines
News June 27, 2017
Analysis of US manufacturing sector warns of possible pitfalls, severe declines
Creditsafe USA has released the findings of an in-depth analysis of the US manufacturing industry. Despite recent overall consistent performance, the study highlights several areas of concern across the entire sector in particular the rate of bankruptcy signaling the possibility of an industry slowdown. With the manufacturing industry being the largest area of employment in the US, any decline could have a catastrophic effect on the overall US economy.
Study: automation may extend job losses beyond the factory floor
News June 27, 2017
Study: automation may extend job losses beyond the factory floor
Communities with large numbers of residents who have only high school degrees or earn low salaries are at risk of losing many jobs to automation and offshoring, says a new report from Ball State University. "How Vulnerable Are American Communities to Automation, Trade and Urbanization?" also found that the rise of automation and offshoring could extend such job losses beyond the factory floor. n

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