Manufacturing M&A Slips in 2017, PwC Says January 25, 2018 Merger and acquisition activity involving manufacturing slipped in 2017, consulting firm PwC said in a report. The year saw 2491 industrial M&A deals, down 1.15% from 2016’s 2520, according to the report. However, the decline in deal value was sharper: $80.8 billion in 2017, down 22% from the year before.
Creating the 21st Century Manufacturing Workforce January 2, 2018 An industry regarded as dirty, loud and dangerous must do more to attract young people with the skills needed for modern manufacturing, while companies should promote their technology in the 21st century as exciting, cutting-edge, clean, safe and fun, according to a panel of experts.
Flow Dry Names National Sales Manager for India January 30, 2018 Flow Dry Technology (Brookville, OH) said Amit Kashyap has joined the company as national sales manager for automotive products in India. In his role, Kashyap will focus on developing and implementing growth plans for automotive desiccant products in the Indian market.
Yesterday’s Lessons and Tomorrow’s Opportunity January 5, 2018 When I was growing up, my family owned a small machine shop in the Chicagoland area. My grandparents all immigrated to the US from a war-torn Europe in the early 1920s with the hope of a new life based on the American dream. Both of my grandfathers were machinists, and my father was an engineer and a member of SME’s Chicago Chapter 5, joining the American Society of Tool and Manufacturing Engineers in 1964—the year I was born.
On Eve of Detroit show, FCA Announces $1B Investment January 11, 2018 On the eve of the North America International Auto Show, FCA US LLC (Auburn Hills, MI), which includes the former Chrysler Corp., made a huge splash by announcing a $1 billion Michigan plant investment and moving a product line from Mexico to Michigan.
UNCC’s Hands-On Approach to Manufacturing Research January 9, 2018 Starting this month, TechFront has a new format that spotlights manufacturing research programs at key universities, followed by summaries of recent research in SME’s Journal of Manufacturing Systems, Journal of Manufacturing Processes and Manufacturing Letters, all published by Elsevier Ltd.
Tabletop Cobot Boosts Springmaker’s Productivity January 4, 2018 The International Federation of Robotics forecasts that by 2019, 1.4 million industrial robots will be installed in factories around the world. Manufacturing organizations are looking to this technology as a way to streamline operations, improve safety on the factory floor and grow their business.
Open Mind Partners with Heidenhain TNC Controls to Offer Machining Simulation January 31, 2018 Meeting the needs of the evolving digital manufacturing initiative, Open Mind Technologies (Needham, MA) has recently partnered with Heidenhain TNC controls (Schaumburg, IL) to provide exclusive first use of their new NC code-based machining simulation solution hyperMILL Virtual Machining.
DMG Mori USA Appoints New President December 21, 2017 DMG Mori USA announced the appointment of James V. Nudo as the new president of the company as of Dec. 7, 2017. Nudo has been with DMG Mori USA for more than 14 years and has served as executive officer of DMG Mori USA and executive officer of the International Legal Department and International Human Resources Department for DMG Mori CO. Ltd.
Trumpf lists 7 key benefits emanating from tech in its just-built smart factory December 12, 2017 The smart factory Trumpf built in this Chicago suburb, in the works since early 2014 and open to the public since September, is just a few months away from running full steam ahead: Smart Manufacturing recently asked its director, Tobias Reuther, to identify the seven key benefits of a smart factory.
