Timken The Timken Company announced that it has acquired Lovejoy, Inc., a manufacturer of premium industrial couplings and universal joints, for approximately $66 million. For the 12 months ending March 31, 2016, Lovejoy sales were approximately $56 million.
Visit http://news.timken.com/index.php?s=12504&item=136925 to view the full article online.
|
Reuters Daimler, the world's largest truck manufacturer, will use three-dimensional printing (3D) to produce spare parts, the latest example of how digital technologies are radically reshaping automotive manufacturing and its supply chain.
Visit http://www.reuters.com/article/us-daimler-3dprinting-idUSKCN0ZT201 to view the full article online.
|
The third part in the AGMA Gearbox Field Inspection webinar series, Condition Monitoring, will take place at 1:00 pm Eastern time on July 21. This 3-part series is free to AGMA members, and $159 for non-members. The first two webinars are available to take in prior to watching this one at the end of the month. Complete information is available on the AGMA website.
Visit https://www.agma.org/events-training/detail/gearbox-field-inspections-part-iii-condition-monitoring to view the full article online.
|
Schafer Industries Effective July 1, 2016, Schafer Industries, Inc., through its wholly owned subsidiary, Schafer Gear Works Rockford, LLC, has acquired the assets and business of Custom Gear and Machine, Inc. of Roscoe, Ill. The acquisition was announced jointly by Bipin Doshi, president of Schafer Industries, and Stan Blenke, the company’s executive vice president.
Visit http://schaferindustries.com/schafer-industries/press-room to view the full article online.
|
National Association of Manufacturers Economic data were mixed last week, but there was encouraging news related to manufacturing production, which rebounded in June after a disappointing May report. Output in the sector rose by 0.4 percent in June, following a decline of 0.3 percent in May. Strong growth in the motor vehicles and parts segment, up 5.9 percent, helped to boost the headline number. Despite some progress in June, it is safe to say that manufacturing activity remains quite challenged.
Visit http://www.nam.org/Newsroom/eNewsletters/Monday-Economic-Report/2016/Manufacturing-Economic-Report/#sthash.237mLU8B.dpuf to view the full article online.
|
U.S. News Thanks to the power of innovative fracking technology and an abundance of shale gas, the United States has the lowest natural gas prices in the world, giving our energy-intensive industries a global cost advantage. In May, U.S. natural gas prices of less than $2 per mmbtus (only $1.78 in some markets) were less than half of gas prices in Europe ($4.30); Asia and India ($4.50); and South America ($4.75).
Visit http://www.usnews.com/opinion/articles/2016-07-13/how-shale-gas-is-re-energizing-american-manufacturing to view the full article online.
|
Modern Machine Shop Mitsui Seiki is a machine tool builder that aims to excel in the area of precision. It provides machines, often custom-engineered, to meet machining challenges related to high-value parts with particularly demanding tolerances. Therefore, the company’s introduction of additive manufacturing as a capability it can now deliver might seem like an odd fit. Additive manufacturing—building up parts or features through a controlled process of adding material in layers—cannot by itself achieve anything like the fine tolerances that machining can.
Visit http://www.mmsonline.com/blog/post/integrating-additive-manufacturing-without-inhibiting-machining to view the full article online.
|
Fast Company With low labor-force participation, declining immigration levels, and the looming retirement of baby boomers on the horizon, the U.S. labor market is tightening and driving up wages. Over the next decade, the country will experience a labor shortage that will disproportionately affect some industries and professions, predicts an April 2016 report from the Conference Board.
Visit http://www.fastcompany.com/3061872/the-future-of-work/5-jobs-that-will-be-the-hardest-to-fill-in-2025 to view the full article online.
|
Triumph Group Triumph Group, Inc. was selected by Lockheed Martin to supply key engine and structures components for the F-35 Lightning II aircraft. Since the start of the year, Triumph’s Precision Components (TPC) business unit has received multiple contracts from the aircraft manufacturer.
Visit http://ir.triumphgroup.com/phoenix.zhtml?c=61870&p=irol-newsArticle&ID=2182934 to view the full article online.
|
Autoblog.com As long as there is money, we will never run out of ways to spend it. Take this latest potential pocket-drainer: a Mercedes-Benz luxury golf cart. Three years after gathering suggestions for the ideal golfer carrier, the Style Edition Garia Golf Car was made withgolf cart manufacturer Garia to preview the future of high-end golf carts. Garia has already made a name for itself in the world of luxury golf carts, and since Mercedes-Benz is looking tostamp its logo on pretty much anything, the partnership makes sense.
Visit http://www.autoblog.com/2016/07/18/mercedes-benz-brings-bling-to-golfing-official/ to view the full article online.
|
|