Industry News

Optimism regarding the direction of the domestic economy rose among U.S. industrial manufacturers during the first quarter of 2014, according to the Q1 2014 Manufacturing Barometer, released today by consulting firm PwC US, New York. The positive sentiment about the prospects of U.S. commerce in the next 12 months reached the highest level since the fourth quarter of 2005.

Longmont, Colo.-based used machinery dealer Automatics & Machinery is celebrating 25 years supporting machine shops. With a sales staff to research, locate and negotiate machinery for customers, a longstanding membership in the Machinery Dealers National Association (MDNA) and a machinery appraiser accredited through the Association of Machinery and Equipment Appraisers (AMEA), A&M has sought to simplify the process of finding new equipment since its establishment by founder Steven Beck in 1989.

Advanced ceramics producer Kyocera Industrial Ceramics Corp. (KICC), Tokyo, announced the creation of a new wholly-owned subsidiary, Kyocera Precision Tools Inc., that consolidates its North American cutting tool operations in the indexable, microtool, and printed circuit board (PCB) cutting tool markets.

On April 1, 2014, Fountain Valley, Calif.-based manufacturer Mitsubishi Materials USA will consolidate two business units — Rock Tools and Hard Materials — into a new unit known as Engineered Carbide Products in an effort to improve operational efficiency, according to a letter to stakeholders released by the company.