Cottonwood Expands Into Industrial Financing February 22, 2021 Cottonwood Group, a Los Angeles private equity real estate investment firm, announced the firm’s expansion into the industrial sector with two transactions totaling $80 million in combined value.
Halter CNC Robotics Announces First US Scholarship for Veterans and Active U.S. Military February 25, 2021 Halter CNC Robotics, a CNC automation firm, announced it will be awarding a $2,500 scholarship to a U.S. veteran or active service member who wants to study manufacturing automation, engineering or robotics.
Boeing Reports Record Loss January 27, 2021 Boeing Co. today reported a record annual loss of almost $12 billion as it dealt with the 737 Max crisis and a slump in demand for air travel.
Durable Goods Orders Rise on Transportation February 25, 2021 New orders for durable goods rose 3.4 percent last month, paced by transportation equipment, the Commerce Department said today.
Manufacturing Expansion Accelerates, ISM Says November 2, 2020 Manufacturing expanded in October as new orders, production and employment all improved, the Institute for Supply Management said today.
Machine Tool Orders Surge in September November 9, 2020 Machine tool orders gained in September as manufacturing recovered from a severe recession.
3D Systems to Sell Cimatron, GibbsCAM November 3, 2020 3D Systems said it has agreed to Cimatron Ltd. and GibbsCAM CNC programming software businesses, to Battery Ventures.
GM Quarterly Earnings Rebound November 5, 2020 General Motors Co. today reported a third-quarter earnings recovery on sales of high-profit trucks.
Reshoring Operations in the Age of COVID-19: Part One October 27, 2020 In March 2020, the World Health Organization officially declared the novel coronavirus outbreak a pandemic. Manufacturers are dealing with the fact that the virus has exposed the fact that many domestic brands rely significantly upon China for fulfilling some, part, or nearly all, of their supply chain.
ROKiT MADE to Build Largest e-Bike Factory in the United States October 19, 2020 ROKiT MADE, is building what it calls the largest e-bike manufacturing facility in the United States. ROKiT MADE’s campus, called the “ORB,” is slated to open in 2021. ROKiT MADE has committed the necessary funds to building the infrastructure and ORB campus and plans to merge with a SPAC.
