Durable goods orders declined in April, dragged down by orders for transportation equipment, the U.S. Commerce Department said today in a monthly report.
Dixie County lost one of its largest employers in the 2007-2008 recession, a Georgia Pacific (GP) Lumber facility. For more than 10 years the mill remained closed, but with help from the North Florida Economic Development Partnership (NFEDP), a new buyer has reopened the mill, made millions in new investments and has a projected annual payroll of $5.5 million in a very rural county.
Mitsubishi Electric Corp. announced Project Emerald Dove, a premium in-vehicle cabin experience using the latest and most powerful computing platform.
February 2021 U.S. cutting tool consumption totaled $149.5 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association for Manufacturing Technology. This total, as reported by companies participating in the Cutting Tool Market Report collaboration, was up 3.3 percent from January's $144.8 million and down 17.1 percent when compared with the $180.3 million reported for February 2020.
General Motors Co. today reported lower third-quarter earnings as the global semiconductor shortage continued to affect vehicle production.
Sandvik Coromant launches new software module for controlled chip breaking.
The steel industry is feeling the impact of the shift to more electric vehicle investment, an official of a trade group said.
Suppliers need to conduct inquiries now about how to improve machining, processes and operations so they are ready for the flight out of the pandemic pit.
The company follows a growing trend in robotic welding with cobots.
Aerospace and defense sectors are emerging from the pandemic more resilient while other sectors, including automotive, struggle meet demand.