* China moving away from free market: US Nov 21, 2009
Key industries including auto parts, machine tools, information technology, optics, photonics and clean renewable energy are targeted for government support, she said, adding that Beijing provides massive loans from state-owned banks to industries already producing over capacity. Bartholomew said: This approach gives Chinas exporters a substantial price advantage in international markets and disadvantages companies hoping to export to China. (Taipei Times, Taiwan)
Hurco Nearly Doubles Number of Visitors at EMO 2009 Nov 19, 2009
Based in Indianapolis, Indiana, Hurco manufactures sophisticated, yet shop floor friendly machine tools designed for virtually any application and budget. The flagship VMX Series is a production-oriented line of mills designed for speed while the high performance TMX Series is its counterpart in the lathe category. (Primezone Releases)
ThyssenKrupp Full-Year Loss Misses Estimates After Steel Demand Tumbles Nov 14, 2009
German steelmakers will this year cut output to the lowest since 1963 as the global economic slump saps demand from makers of cars, printing presses and machine tools, their biggest clients. ThyssenKrupp, which also builds and services power plants, is reducing expenses, reorganizing its five business units into two and shelving the startup of new mills. (Bloomberg -- Germany)
MAG completes China plants first phase Nov 13, 2009
The 6,000-square-meter facility will begin producing machine tools and factory automation systems in February, MAG said in a news release. This new facility complements our operations in Beijing and Shanghai to offer unique technical knowledge and increased production capacity for faster, better service, said Daniel Janka, president of Erlanger-based MAG, in a news release. (Cincinnati Business Courier, OH)
German growth confirms recession ended: statistics Nov 13, 2009
Germany's export-oriented economy was slammed by the global downturn, but is now benefitting from fresh demand for its machine tools, automobiles and chemical products. Destatis confirmed that growth was being driven by exports, corporate investment and construction, while private consumption had waned. (Yahoo! Asia News)
Mori Seiki and Sony Sign Memorandum of Intent Regarding Transfer of SMS Measuring Systems Business Nov 12, 2009
Mori Seiki has been purchasing measuring equipment applying magnetic technology ("Magnescale") from suppliers but after completion of the proposed acquisition will aim through in-house production of Magnescale to improve accuracy of its machine tools and reduce production cost by increasing production volume, in order to become more competitive in the machine tool industry. Furthermore, Mori Seiki plans to drive technology development of the measuring equipment applying laser technology... (JCN Network, Japan)
Self-organizing production: learning from ants Nov 12, 2009
In this system, machine tools and robots function as actuators; a number of sensors installed at the production lines provide the feedback required for the MES to know what is going on ... These very small but powerful computers, dubbed "e-grains" for their size, are associated to a single specific workpiece each and travel through the production line, communicating wirelessly with other e-grains as well as with the machine tools and robots that make up the production floor. (EETimes)
Mitsui to Form JV with Mori Seiki and Gildemeister in Europe Nov 12, 2009
The name of the company will be changed to MG Finance GmbH. It will develop its business operations across Europe and provide support for sales of machine tools from a financing perspective. Mitsui is actively engaged in sales of Mori Seiki's machine tools in Japan, the United States, Russia and Brazil. (JCN Network, Japan)
Board Members of Gratis Foundation Innaugurated Nov 10, 2009
To accomplish this mandate, GRATIS established Intermediate Technology Transfer Units (ITTUs) now designated Regional Technology Transfer Centres (RTTCs) in nine regions of Ghana to transfer appropriate technologies to small-scale industrialists through training, manufacturing and the supply of machine tools, plants and equipment. Instead of phasing out GRATIS after the establishment of the RTTC network, the Government and other stakeholders agreed that it should be incorporated as a company... (Ghana Web, Ghana)
Readers Write 11/9 Nov 10, 2009
Businesses will order capital items like cars, trucks, machine tools and computers like never before. And the best part is, there is not a dime paid out of the U.S. Treasury. (Atlanta Journal-Constitution -- Opinion)
Voltas' declining stock trend halts Oct 30, 2009
The company designs and manufactures machine tools, mining ruction equipment and sells textile machinery under this division. The Unitary cooling division, under which Voltas manufactures and markets cooling appliances and commercial refrigeration products, grew by 25% in the past quarter. (India Times)
Newcrest Says It May Sell Stake in Australian Tungsten Project Next Year Oct 29, 2009
Tungsten consumption grows in line with steel production because the metal is used to make specialty steel such as machine tools. A drilling program at the project is expected to be completed by January, after which a new mineral reserve estimate will be released, Smith said. (Bloomberg -- Australia & New Zealand)
Aerospace Industry Exhibition Tokyo 2009 Set for Nov. 4-6 at Tokyo Big Sight Oct 19, 2009
- Show to Promote and Develop Aerospace Industry (Canada Newswire)
What surgery will look like in the future Sep 26, 2009
"There is currently a gap. We are trying to produce complex machines to replace surgical tools, which are hand tools. It's like when industry moved from a chisel and hammer to machine tools.". Pier Cristoforo Giulianotti is a professor at the University of Illinois department of surgery. (CNN -- Tech)
D3 uses Ireland as stepping off point to E.U. Sep 22, 2009
4 millionKey industries: Ferrous and non-ferrous metal production and processing, metal products, petroleum, coal, cement, chemicals, pharmaceuticals, aerospace, rail transportation equipment, passenger and commercial vehicles, construction equipment, industrial equipment, shipbuilding, electrical power equipment, machine tools and automated manufacturing systems, electronics and telecommunications equipment, fishing, food and beverage processing, furniture, paper, textiles, tourismPittsburgh... (Pittsburgh Business Times, PA)
One language, two cultures separate U.S., U.K. Sep 22, 2009
23 million Key industries: Machine tools, electric power equipment, automation equipment, railroad equipment, shipbuilding, aircraft, motor vehicles and parts, electronics and communications equipment, metals, chemicals, coal, petroleum, paper and paper products, food processing, textiles, clothing, other consumer goodsPittsburgh connections: Aerotech, , , , , , , , , , , , , Reed Smith, , , , Of note: Pittsburgh s two largest law firms, Reed Smith and K&L Gates, both entered the United Kingdom... (Pittsburgh Business Times, PA)
Pittsburgh-German connections abound Sep 19, 2009
6 millionKey industries: Producer of iron, steel, coal, cement, chemicals, machinery, vehicles, machine tools, electronics, food and beverages, shipbuilding, textilesPittsburgh connections: , , Ansys, , , , Kennametal, , Mylan, , Tollgrade, , , H.J. Heinz, PPG, , K&L Gates, Of note: Germany is the largest foreign investor in the Pittsburgh region through roughly 70 companies. Sources for charts: CIA World Factbook, Allegheny Conference on Community Development, individual companies. (Pittsburgh Business Times, PA)
Ocean State of inertia Sep 8, 2009
Giants such as Brown & Sharpe (machine tools) and Gorham Manufacturing (silver) continued the enterprise demonstrated by Samuel Slater when he launched the Industrial Revolution in nearby Pawtucket. But Rhode Island has struggled to reinvent its economy since the decline of the industrial age and has never found the right formula. (Boston Globe)
U.K. to Provide $562 Million in Loans to Airbus in Exchange for Contracts Aug 16, 2009
Airbus needs the repayable aid to help fund the purchase of jigs and machine tools as it begins production. The 300-seat A350 will compete with Boeing Co.s delayed 787 Dreamliner model and the bigger 777 and is scheduled to enter service in 2013. (Bloomberg -- UK)
Making it work Aug 12, 2009
The 20,000-square-foot shop is filled with a large assortment of mostly decades-old machine tools including many made in Cincinnati, such as a Cincinnati lathe, a drill press and an Hole Wizard drilling machine along with a newer computer-controlled water-jet cutting machine capable of slicing through 4 inches of stainless steel plate. A shear, press brakes and a rolling machine for forming sheet metal are among its standard tools of the trade, along with grinders and polishers. (Albany Business Review, NY)
Fire Destroys Building In Historic Torrington Factory Complex Aug 11, 2009
The site has a long industrial history, first as Hendey, which manufactured machine tools. At its peak during , Hendey employed about 1,500 people. (FOX61, CT)
Tech consumption by U.S. manufacturers up Aug 11, 2009
Companies reported spending nearly $136 million on machine tools and related equipment in June, compared to slightly more than $111 million in May. June also marked the second consecutive month of growth in purchases. (Dayton Business Journal, OH)
Russia gives heed to substantial co-op with Africa Aug 10, 2009
Its power equipment, heavy-duty machinery, machine tools and weaponry equipment have been well received in Africa. Algeria and Libya, both located in North Africa, are reported to purchase multi-billion dollars worth of Russia-made weaponry equipment respectively. (Xinhuanet, China)
Quality Products boosts 3rd quarter profit Aug 8, 2009
and hydraulic press machine tools manufacturer. The Multipress segment continued to struggle throughout the quarter with a 58 percent decrease in shipments compared with the same quarter last year. (Columbus Business First, OH)
JTEKT Corp. purchases Ohio-based company Jul 31, 2009
In addition to automotive bearings, JTEKT provides parts for steering systems, driveline components, machine tools, and its OEM customers produce cars, jet engines, windmill power generators and bullet trains. To subscribe to the print edition of The Times and Democrat. (Orangeburg Times and Democrat, SC)
Preferred Freezer Services Breaks Ground in Shanghai in First US-China Cold Storage Development Jul 30, 2009
Established in 1984, Yida Group has grown into a large private corporation that integrates real estate development, software park investment, operation and management, IT information service, IT-related education, construction and installation, property service and manufacturing of machine tools. Dalian Software Park, developed by Yida Group, is the largest professional park in China, combining production, education and research with the largest number of Fortune 500 companies. (PR Newswire)
* ANALYSIS: Myanmar activities fuel N Korea nuclear concerns Jul 24, 2009
Myanmars purchases of dual-use equipment including machine tools from Europe in 2006 and 2007 raised suspicions, Albright said. The end-use declarations are inconsistent and the equipment. (Taipei Times, Taiwan -- World Business)
* [BUSINESS BRIEFS] Jul 24, 2009
According to an IEAT official, the delegation is comprised of CEOs of more than 75 import companies dealing in metal, electronics, chemicals, dyestuffs for dyeing cloth, machine tools, household appliances, gifts and sporting goods. The Korean importers will meet with Taiwanese exporters in about 200 face-to-face procurement consultations during their three-day stay in Taiwan, the official said. (Taipei Times, Taiwan -- World Business)
Germany's looming credit crunch: A reluctant patient Jul 24, 2009
But the sharp contraction in German export orders, with sales in some industries such as machine tools falling by 60%, means that many firms are now burning cash and will soon need to replenish reserves, says Alexandra B. hne of the DIHK.. (The Economist)
Sink or swim? Jul 19, 2009
Inside, the walls are unfinished and the floor uneven, but there is just about enough room for a work-bench and a handful of basic machine tools. Churning out widgets. (BBC News -- Business)
Daniel Lehan, Suzanne Moxhay and Nicholas Symes Jul 2, 2009
Constructed by combining sections of Thames driftwood and other discarded timber and then working on the assemblage with hand and machine tools and by other means, Symes has reproduced the effect of natural weathering processes on an imaginary unvalued object. Typically for Symes, the work is a labour-intensive hiding in plain sight that celebrates formal and material qualities in a way we would associate with minimalism, but in a form painstakingly disguised as a found object (and, in a double... (AbsoluteArts.com)
Premier Wen stresses technological innovations Jun 30, 2009
Areas covered by the programs included advanced numerically controlled machine tools, trunk-line aircraft, new-generation broadband wireless mobile communications network, and high-end central processing units and software. Special Report. (Xinhuanet, China)
AFL-CIO HANDS OUT 'MADE IN CHINA' HARD HATS ON CAPITOL HILL... Jun 24, 2009
AFL-CIO Hard Hats - Shenanigans - POLITICO.com. " Plus, there's a booklet detailing "the truth about the Employee Free Choice Act. (The Drudge Report)
Capital goods in line of zero duty Jun 20, 2009
These tariff lines, falling under the ITC HS codes of 8208, 8402-5, 8410-17, 8420-8449, 8543-8468, 8474-81 and within the range of 840681 and 848590, include hand tools, boilers, turbines, pumps of various types, air-conditioning and refrigeration-related parts, mechanical appliances and their parts, agricultural machinery and their parts, machinery for dairy, weaving, textiles, machine tools and parts and forgings ... However, 62 tariff lines of the list, covering machine tools, will be able to... (India Times)
* Global downturn hurting Taiwan-EU trade: report Jun 18, 2009
Germany remained Taiwans largest trading partner in the EU because of its leading position in machine tools and other mechanical equipment. The report said, however, that the EU had not exploited the full potential of the Taiwanese market. (Taipei Times, Taiwan -- Business)
PBGC asks to terminate Milacron pension plan Jun 17, 2009
The company was founded in Cincinnati in 1885, and by the middle of the 20th century had grown to be the world s largest manufacturer of machine tools. At one time it employed 15,000 people on its Oakley campus. (Cincinnati Business Courier, OH)
Defence ministry blacklists 7 firms Jun 6, 2009
While the foreign firms are Israeli Military Industries (IMI), Singapore Technology, Media Architects (Singapore) and BVT Poland, the Indian ones are HYT Engineering, R K Machine Tools and T S Kishan and Company Pvt Ltd. ... Ludhiana-based R K Machine Tools, in turn, supplies spares for vehicles and machinery produced by Defence PSU Bharat Earth Movers Ltd.. (India Times, India)
Japan's Suzuki, Isuzu warn of loan losses to GM Jun 3, 2009
Japan's Enshu, which has supplied GM with machine tools, also said it may fail to collect 314 million yen in accounts receivable extended to the US firm. Recommend. (Yahoo! Asia News)
Hurco Reports Second Quarter Results May 30, 2009
Hurco Companies, Inc. is an industrial technology company that designs and produces interactive computer controls, software and computerized machine tools for the worldwide metal cutting and metal forming industry. The end market for the Company's products consists primarily of independent job shops and short-run manufacturing operations within large corporations in industries such as aerospace, defense, medical equipment, energy, transportation and computer equipment. (Primezone Releases)
Machine Tools & Accessories May 30, 2009
Machine Tools sories: Industry Sector Overview, Market Performace - Forbes ... Machine Tools & Accessories Industry ... Machine Tools sories. (Forbes -- Markets)
Fujimori, Hitachi Construction, Keihin, Komatsu, Shionogi: Japan Stocks May 25, 2009
(6203 JT), a maker of machine tools and firearms, jumped 9. 1 percent to 60 yen. (Bloomberg -- Japan)
Mitsubishi Corporation Announces Consolidated Results for the Year Ended March 31, 2009 May 9, 2009
It is also active in the aerospace and defense industries, and in general industrial equipment and machinery, including construction machinery, machine tools, and agricultural machinery. The segment recorded consolidated net income of 17. (JCN Network, Japan)
Top 25 Distributors 2009 May 7, 2009
Customers include manufacturers of consumer and industrial equipment, (machine tools, factory automation and robotic equipment), telecommunications products, automotive and transportation, aircraft and aerospace equipment, scientific and medical devices and computer and office products. Customers also include value-added resellers of enterprise computing solutions. (EETimes)
Latest GibbsCAM 5-Axis Exhibited at EASTEC 2009 May 5, 2009
MOORPARK, California, May 4 /PRNewswire-FirstCall/ -- Cimatron Limited (NASDAQ: ), a leading provider of integrated CAD/CAM solutions for the toolmaking and manufacturing industries, announced that Gibbs and Associates, developer of GibbsCAM(R), its software for programming CNC machine tools, will demonstrate new enhancements to the 5-axis module of GibbsCAM 2009 at EASTEC 2009 in exhibit #5429, at the Eastern States Exposition Grounds in West Springfield, MA from May 19-21, 2009. "The new... (PR Newswire)
GM Conned by Canadian Parts Maker, U.S. Auto Producer Claims in Lawsuit May 2, 2009
I placed new GM tags on the existing machine tools, I photographed the existing machine tools and submitted these photographs to GM in order to convince GM that the new machining tools had been installed, Sharpless said in the sworn statement. He said he was acting on the orders of Vannatters general manager. (Bloomberg -- Canada)
Fanuc, J-Oil, Nintendo, Nippon Steel, Toshiba, Tokyu Livable; Japan Stocks Apr 17, 2009
The maker of metal for machine tools said in a preliminary earnings statement its full-year operating loss totaled 150 million yen, narrower than its forecast of 230 million yen. The company said lower material costs contributed to the result. (Bloomberg -- Japan)
Charlemagne : Dragon nightmares Apr 17, 2009
This is alarming news for Germany, the leading European exporter to China thanks to car parts, machine tools and other widgets. As ever, Europeans disagree over how to respond. (The Economist)
Understanding Special Purpose Machi... Mar 27, 2009
Understanding Special Purpose Machines (SPMs): Custom-made Machine Tools For Specific Applications ... Custom-made Machine Tools For Specific Applications ... Taking advantage of the popularity and convenience of Computer Numerical Control (CNC) in machine tools, CNC SPMs are also becoming increasingly popular nowadays. (Suite101.com)
QMEMS enables real-time clock oscillator Mar 24, 2009
The unit's frequency is calibrated at the factory prior to shipment, and is aimed at clock applications in portable consumer products such as cellphones and digital still cameras, industrial instruments and machine tools as well as for automotive navigation systems, GPS modules and. Epson previously claimed the combining oscillator functions with an ASIC containing the logic circuitry for maintaining timing functions. (EETimes)
Thermadyne Holdings Schedules 2009 Annual Shareholders Meeting Mar 6, 2009
Machine Tools sories Headlines. More Finance RSS Feeds. (Primezone Releases)
Nigeria: The Relevance of Ajaokuta Steel Plant to Nigerian Economy Mar 3, 2009
The history of industrialized nations of the world is the history of steel development. A nation that overlooks steel development does so at her own industrialization peril, thus making her a consumer nation and a dumping ground for developed economies of the world. (allAfrica.com)
China's $US10 European spending spree boosts auto industry Feb 26, 2009
The huge Chinese investment will offer a boost to Germany's ailing economy, especially as the sectors gaining the most -- automobiles and machine tools - have been among the hardest hit by the global slump. Data published earlier Wednesday showed Germany's economy - Europe's largest - shrank 2. (Sydney Morning Herald -- Business)
Quality Products 1Q profit, revenue up Feb 14, 2009
Quality Products, which employs 76 workers, makes aircraft ground support equipment at Columbus Jack and Regent Manufacturing Inc., and hydraulic press machine tools through its Multipress operation. The company in its year ended Sept. 30, earned $4. (Columbus Business First, OH)
Crisis looms at the Pentagon Feb 7, 2009
Unless it receives emergency financing and undergoes significant reform, it is undoubtedly headed for the graveyard in which many American industries are already buried, including those that made televisions and other consumer electronics, many types of scientific and medical equipment, machine tools, textiles and much earth-moving equipment - and that's to name only the most obvious candidates. They all lost their competitiveness to newly emerging economies that were. (Asia Times Online)
