The manufacturing industry has a long tradition of machine shop employees wanting to be their own boss and starting their own shops. Gary Lee took a similar path but with a twist.
What do baseball legend Ted Williams slugging his first big-league dinger, Batman comics hitting the streets and Germany attacking Poland to launch World War II have in common? They all occurred in 1939, the same year Ellis Brown, Charles W. Kling and Harold Heckamen founded Bremen (Ind.) Gray Iron Foundry Inc.
Toolmaker Seco Tools LLC, Troy, Mich., a technical and supplier sponsor of Andretti Autosport's Verizon IndyCar Series championship racing team, invited customers from across the Midwest to attend an Indy 500 practice day at the Indianapolis Motor Speedway.
In 2003, Kevin Burkett was offered $30,000 for his 1978 Travis Bean "Wedge" guitar and realized it was too valuable to perform with. Most guitarists would make do with using a similar, less-valuable model, but Travis Beans have a distinguishing characteristic that makes them hard to replace — they're made of metal.
Ask any entrepreneur and he or she will tell you that getting from concept to reality isn't easy. It almost always requires a hellish amount of work, risks and disappointments.
Kennametal Inc. completed the relocation of Kennametal Extrude Hone GmbH to its new location in Holzgünz, Germany, after a year of planning and construction. The new building combines several previously separate production and administrative sites in one new building, which is based on "green" design principles.
Shop growth is much easier when your credit is solid, even with slight profitability, suggests Keith Jennings in his Manager's Desk column for the April 2014 issue of Cutting Tool Engineering magazine.