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Methods Announces Mark Wright as President & CEO

Methods Machine Tools Inc., a supplier of precision machine tools and automation, announced that its Board of Directors has appointed Mark Wright as its President and Chief Executive Officer effective September 13, 2019. Wright will assume all operating functions of Methods Machine Tools Inc., including the Sudbury headquarters and all seven direct offices throughout the United States as well as its national distribution network.

Sunnen to Open Manufacturing Plant in Monterrey, Mexico

Sunnen Products Co. is expanding its global production footprint, opening a manufacturing facility in Monterrey Mexico to complement its production in the U.S., China, Switzerland, and Brazil. Sunnen, a large, integrated manufacturer of precision bore creation and finishing equipment, will move a portion of its abrasive and tooling products from its St. Louis operation to the Monterrey facility.

Hardinge Acquires Ohio Tool Works

Hardinge Inc. has acquired Ohio Tool Works, LLC. Hardinge said the deal will enhance its machine tool and workholding portfolio.

U.S.: The Once and Future Manufacturing Leader

The U.S. has not been competitive, so companies sourced offshore to meet consumer and industrial demand for low-priced goods. Fortunately, however, a positive localization trend since 2010 indicates an increasing rate of reshoring by U.S. companies and foreign direct investment by foreign companies.

Hardinge to Acquire Weisser

Hardinge Inc. and J.G Weisser GmbH & Co. KG have entered into a definitive agreement under which Hardinge will acquire Weisser.