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Expect at least two recessions, or downturns in GDP growth, in the next few years. That is the prediction of Brian Beaulieu, CEO and chief economist for ITR Economics.

The North American manufacturing Research Institution of SME (NAMRI | SME) held its 47th annual conference on manufacturing research (NAMRC 47) in Erie, Pa., from June 10-14.

Sometimes succession of a family business from one generation to the next doesn’t always go as planned. Take, for example, Laser Specialists Inc. (Fraser, MI). Incorporated in 1986, the company was positioned at the forefront of laser cutting technology.

The memo of understanding comes after years of collaboration between the companies.

The company estimates more than 600 jobs to be created at its Georgia plant.

A site has yet to be chosen for Addionics’ first plant, which is expected to begin production in 2027.

The new brand identity unites the company’s scope of capabilities under one purpose, the company says.

Tight budgets are the norm for small companies in the laser-cutting industry, so finding ways to save money and accelerate ROI is critical.

The 135,000 square-feet expansion project will add 200 new jobs to its United States headquarters and manufacturing facility in Ohio, the company says.

Discover the advancements in metal AM technology and its potential to transform the aviation industry.