Recently added articles from Metalworking Insiders' Report:
After running afoul of export regs, Horkos is slapped with penalties.
Aug 20, 2009; ... Horkos Corp. (Fukuyama, Hiroshima Prefecture, Japan) has taken punishment from both the Ministry of Economy, Trade and Industry (METI) and Tokyo District Court for its illegal exports of some 650 units of machining center models to South Korea and China (see M.I.R., 5/15/09). <Pre> ...
GE Fanuc to split.
Aug 20, 2009; ... The upcoming dissolution of the joint-venture GE Fanuc Automation Corp. will allow each of the two partners to refocus investments to grow existing businesses and pursue its respective core expertise, say the companies. The agreement to part ways, announced in mid-August, will be completed ...
Hardinge moves to more outsourcing for U.S. manufacturing ops.
Aug 20, 2009; ... Following a performance analysis that was begun before the collapse of the machine-tool business late last year, managers at Hardinge Inc. have embarked on a plan that will reduce manufacturing at the company's headquarters site in upstate New York and instead will emphasize outsourcing. ...
A founder in control.
Aug 20, 2009; ... At age 84, Dr. Seiuemon Inaba appears to be going strong, getting ahold of what is going on at FANUC Ltd. Asked about the demand for its numerical controllers (NCs) in a recent interview, the honorary chairman said: "The demand began to fall in September 2008 and gained speed to a ...
Global-warming bill will cost millions of jobs: study.
Aug 20, 2009; ... By 2030, if the "ACES" bill now in Congress were to be signed into law, U.S. jobs would decline by as many as 2.4-million. An analysis sponsored by two Washington trade groups points out how legislation to reduce greenhouse-gas emissions would hurt America's industrial economy. ...
Mazak opens a central R&D base.
Aug 20, 2009; ... At Yamazaki Mazak Corp. (Oguchi, Aichi Prefecture, Japan), research and development (R&D) activity has been consolidated at a new facility adjacent to its headquarters factories. The Mazak World R&D Center, completed in early August and started up late in the month, can hold up to 50 ...
Building machines for a wider customer base.(JAPANESE LATHE MAKERS)
Aug 20, 2009; ... In Japan, second-tier lathebuilders are moving to cash in on export sales to relatively close nations by developing low-end products, intended to lure Asian users away from mainly South Korean and Taiwanese competitors. Takamatsu Machinery Co., Ltd. (Hakusan, Ishikawa ...
Operating rate eases upward.
Aug 20, 2009; ... In July, the rate that American durable-goods factories used their productive capacity moved higher by nearly two percentage points, with the gain coming mostly from the auto industry's retreat from the abyss. But at 59.7% of theoretical capacity, the pace is still more than 18 percentage ...
PTG renames its recent purchase.
Aug 20, 2009; ... Privately held British machine-tool producer Precision Technologies Group has reorganized the large-machine-production and -remanufacturing operation it acquired in Elland, Yorkshire, England, last year (see M.I.R., 8/4/08). Originally called Jones and Shipman Remanufacture Ltd., the ...
Milacron exits Chapter 11.(Company News)
Aug 20, 2009; ... The new company Milacron L.L.C. (Batavia, Ohio), owned by a group of investors led by Avenue Capital Group and DDJ Capital Management, recently completed purchase of substantially all of the businesses of Milacron Inc. The sale enables emergence from Chapter 11 bankruptcy. The new, ...
Itochu Mechatronics Corp. (Tokyo) has begun to sell the large VF-12 machining centers of Haas Automation Inc. (Oxnard, Calif.) in Japan, expecting sales volume would reach 24 units a year.(Distribution News)
Aug 20, 2009; ... Itochu Mechatronics Corp. (Tokyo) has begun to sell the large VF-12 machining centers of Haas Automation Inc. (Oxnard, Calif.) in Japan, expecting sales volume would reach 24 units a year. The builder says that ...
Elliott-Matsuura Canada, Inc. (Oakville, Ont., Canada) is named exclusive Canadian distributor for systems from Jet Edge, Inc. (St. Michael, Minn.).(Distribution News)
Aug 20, 2009; ... Elliott-Matsuura Canada, Inc. (Oakville, Ont., Canada) is named exclusive Canadian distributor for ...
Mori Seiki U.S.A. Inc.(Distribution News)
Aug 20, 2009; ... Mori Seiki U.S.A. Inc. has set Nov. 3-5 as the grand opening of its newly relocated headquarters and Chicago tech center in Hoffman Estates, Ill., after breaking ground last year (see M.I.R., ...
Mori Seiki Co. Ltd. may consider merging operations with Gildemeister A.G. following their joint distribution agreement launched earlier this year along with a cross-purchase of capital stock (see M.I.R. 3/26/09).(Distribution News)
Aug 20, 2009; ... Mori Seiki Co. Ltd. may consider merging operations with Gildemeister A.G. following their joint distribution agreement launched earlier this year along with a cross-purchase of capital stock (see M.I.R. 3/26/09). Bloomberg news service reports that Mori Seiki president Masahiko Mori made ...
Komatsu NTC Limited.(Company News in Brief)
Aug 20, 2009; ... Komatsu NTC Limited (Tokyo, Japan), formerly Nippei Toyama Corp., is likely to deliver transfer line machines to General Motors for a few months beginning at the ...
MAG.(Company News in Brief)
Aug 20, 2009; ... MAG's European operation (Stuttgart, Germany) recently shipped a titanium profiler to Russian as part of a $73-million, 34-machine order. The machines will be used for the new landing gear manufacturing center (Verkhnyaya ...
Gene Haas Foundation.(Company News in Brief)
Aug 20, 2009; ... The Boys & Girls Clubs of Oxnard, Calif., recently acknowledged grants from the Gene Haas Foundation (www.ghaaasfoundation.org), which has given various branches of that charity some 42 grants totaling ...
At gear-specialist Gleason Corp. (Rochester, N.Y.), Udo Stolz is named VP for worldwide sales and marketing.(People News)
Aug 20, 2009; ... At gear-specialist Gleason Corp. (Rochester, N.Y.), Udo Stolz is named VP for worldwide sales and marketing. Stolz joined Hermann Pfauter G.m.b.H. (Ludwigsburg, ...
LMT USA, Inc.(People News)
Aug 20, 2009; ... At LMT USA, Inc. (Lisle, Ill.), a string of management appointment. W. Douglas Ewald is named president; he'd been marketing director at Walter, Inc. and prior to that was with Kennametal, including a stint in Germany. Bob Maxey is named VP for business development; he joined LMT USA last ...
American Precision Museum.(People News)
Aug 20, 2009; ... The American Precision Museum (Windsor, Vt.) recently launched a Board of Advisors to assist its 12-member Board of Trustees. Among the new Advisors are Richard Couch, founder of Hypertherm; James Farley, chairman emeritus of SpeedFam-IPEC and a former Trustee; Warren Garfield, plant ...
