Industry News

H-D Advanced Manufacturing Co., Pittsburgh, acquired San Diego-based Sungear Inc., a manufacturer of precision gears and assemblies for the aerospace industry.

Machine tool builder Hwacheon Machinery America (HMA) will relocate to a new headquarters and technical center in the Chicago suburb of Lincolnshire, Ill., on July 15.

MRO distributor MSC Industrial Supply Co., Melville, N.Y., has launched its new ControlPoint inventory management solution, which combines MSC's existing suite of software, hardware and service expertise into a unified inventory management portfolio that allows customers to leverage technology to achieve greater visibility and control over their MRO spending, with the goal of improved productivity and profitability across the supply chains, according to the company.

Jacob Prak, CEO of Michigan Manufacturing International (MMI), Stevensville, Md., announced the completion of a new MMI plant in Hosur, India, joining MMI locations in Mumbai, Coimbatore and Bangalore, India, and Shanghai, Fuyang, Ningbo, Jinan, Shenzhen, Dongguan and Hong Kong, China.

Toolmaker TDC Cutting Tools Inc. announced the expansion of its operations and established its global headquarters in Seneca, S.C., resulting in 38 new positions at the facility. The company will invest $8.2 million in the construction of the new TDC Overseas campus, including a 32,000-sq.-ft. office building and a 10,000-sq.-ft. recycling center.

Since the economic slowdown in 2008, the global sales of business aircraft has been less than 50 percent of the annual sales in 2007; however, as aircraft fleets get older and the economy improves, pent-up demand may stimulate purchases.

Joe Braun, general manager of Indianapolis machine tool builder Hurco North America, announced that Hurco will hold its inaugural Chipmaker Challenge contest for entrepreneurs in manufacturing. The contest gives new shops the chance to pitch their business plans for a chance to win their choice of a Hurco VMX42i mill or TM8i lathe.