The Economic Populist
The March ISM Manufacturing Survey shows manufacturing is barely breathing. Growth as a monthly -1.4 percentage point decline put PMI near the contraction edge. PMI is now 51.5% and if the index falls below 50%...that's contraction. The reason for the slide was supplier deliveries, which were more streamlined indicating less to ship and slower manufacturing hiring.
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The purpose of this seminar is to prepare participants to design and apply bevel gears systems from the initial concept through manufacturing and quality control and on to assembly, installation and maintenance.
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Manufacturing Business Technology
The seventh annual poll by Prime Advantage, a Chicago-based purchasing aggregator, indicated that half of the participating chief financial officers anticipated growth in the U.S. economy this year, a four percent increase over the 2014 poll and a record high for the survey.
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Bloomberg Business
If you thought Asia's manufacturing giants are just China, South Korea and Thailand, say hello to a new one: Vietnam. Its benchmark purchasing managers' index for manufacturing has expanded -- a reading above 50 -- every month since Aug. 2013, according to HSBC and Markit Economics.
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Mining.com
The spot price of iron ore plunged again on Wednesday for a weekly loss of more than 10% and deeper into uncharted territory as negative sentiment swamps the industry. The steelmaking raw material has declined to the lowest since the inception of the spot pricing system.
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Industrial Laser Solutions
Aircraft engine maker Pratt & Whitney, a United Technologies Corp. company, will deliver its first PurePower PW1500G engines to aerospace company Bombardier this year. The new engines will feature entry-into-service jet-engine parts produced using additive manufacturing.
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Nasdaq
European markets closed higher on Wednesday after economic data showed manufacturing activity in the Eurozone is continuing to expand.
Eurozone manufacturing production accelerated to a ten-month high in March, underpinned by the fastest expansion of incoming new business since April of last year, according to the latest Markit Eurozone Manufacturing Purchasing Managers' Index data.
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Bloomberg Business
GE plans to deliver its newest gas turbine in July, a decade after the rollout of an earlier model that was hindered by performance issues and sold poorly. The company is investing $2 billion developing the new 433-ton unit, which can churn out enough electricity to power 400,000 homes.
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Reliable Plant
UniCarriers Americas recently announced the acquisition of all outstanding shares of Nissan Industrial Engine Manufacturing (NIEM). NIEM has been renamed Global Components Technologies Americas (GCTA) and becomes a wholly owned subsidiary of UniCarriers Americas (UCA).
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JCOnline
About 250 employees will lose their jobs at the Caterpillar large engine manufacturing plant in Lafayette, the company said on Thursday.
And 35 Oerlikon Fairfield workers will be laid off indefinitely effect Friday, vice president of human resources Jim Mills said.
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The AGMA Foundation offers $5,000 college scholarships for engineering students who have an interest in gear technology or gear research. Three scholarships were awarded in 2013 and the Foundation looks forward to awarding multiple scholarships again in 2014. Applications with transcripts and letters of recommendation are due by July 1. For scholarship guidelines and additional details, visit the scholarship page on the Foundation's website.
Please alert employees, interns, and exchange students who are pursuing a degree in mechanical engineering. A printable brochure that you can post on your web site and help promote in social media is available here.
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The New Indian Express
US blue oval giant Ford has upped its game in India. Taking advantage of Prime Minister Narendra Modi’s ‘Make-in-India’ initiative, the company has launched a new manufacturing and engine plant in Sanand, Gujarat, and also unveiled its new Ford Figo Aspire.
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MarketWatch
Global expenditure for wind turbine Operations and Maintenance (O&M) will rise from $9.25 billion in 2014 to an estimated $17 billion by 2020, driven by increasing numbers of installations and aging turbines.
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SeeNews
Danish wind turbine maker Vestas Wind Systems A/S (CPH:VWS) said Tuesday it has received a 50-MW order from Hebei Fengning Construction Investment New Energy for a plant in China.
The deal calls for the supply of 25 units of the V90-2.0 MW turbine for the second phase of the HECIC Fengning Senjitu wind farm.
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IndustryWeek
In the last few columns we explored some issues with starting and building a lean journey. But once you have your lean journey underway, how do you sustain it? How do you build it into the bricks and mortar, and the DNA, of the organization? We no longer want lean to be its own thing; we want it integrated into the organization.
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Manufacturing.net
Volkswagen is seeking to add to a planned expansion announced last year to produce a new sport utility vehicle in Tennessee. The additional expansion will add about $18 million to the $900 million project.
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Aerospace Manufacturing and Design
This air chuck (0.0001" TIR) has special ID-gripping top jaws and an integral axial locator. Northfield Precision Instrument has a customer who requested a chuck that could expand to grip the ID of female splined shafts while they rotate on a balancing machine.
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Aerospace Manufacturing and Design
The Alliance for American Manufacturing (AAM) has joined Manufacturing Day 2015 as a Gold Sponsor, supplying the national initiative with resources to support manufacturers participating in the program. Manufacturing Day is a grassroots effort by American manufacturers to improve public perception of manufacturing by coordinating awareness-raising activities at a variety of locations across the country on Oct. 2, 2015.
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