Industrial merger and acquisition activity fell in 2019 because of slowing economies and trade uncertainty, consulting firm PwC said in a report.
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Caterpillar Inc. today reported higher fourth-quarter profit as expense controls made up for lower revenue. The Deerfield, Illinois-based maker of earthmoving machines and heavy equipment also warned of “continued global economic uncertainty” in 2020.
Manufacturing returned to economic expansion in January, helped by gains in new orders and production, the Institute for Supply Management said today.
Advanced laser technology has been instrumental in making the four affiliated companies of the Diversified Tooling Group, Madison Heights, Mich., into a leading supplier of single-source manufacturing solutions to the automotive, heavy truck, defense, industrial equipment, power generation, rail and foundry industries.
Robert Lyscas has been promoted to the newly created position of Chief Operating Officer at the Michigan Manufacturing Technology Center (The Center). The announcement was made by Mike Coast, President of The Center.
Machine tool orders fell sharply in January while the new coronavirus may delay the industry’s comeback, AMT – The Association for Manufacturing Technology, said today in a monthly report.
Vollmer of America has announced an Open House Celebration for its new facility in Findlay Township, Pa., scheduled for Oct. 22-23. Vollmer broke ground on May 11, 2019 at the new site, near Pittsburgh International Airport.
Companies most likely to succeed in capitalizing on those opportunities will excel in digital transformation, among other things, according to the April 9 webinar “Market Impact of COVID-19: How to Respond, Reset, and Rebound,” by Aroop Zutshi and Mark Simoncelli of Frost & Sullivan Industry and Strategy Experts.
According to a survey, companies are investing more in quality as a strategic business growth initiative that brings a significant return on investment.
East Iowa Machine Co. (EIMCo) in Farley, Iowa, is a full-service machine and fabrication shop. It is an ISO 9001:2015 certified manufacturing company, employing about 150 people on three shifts at its single 130,000 ft2 (12,077 m3) location, and converts raw metals into finished component parts and assemblies using a wide variety of CNC equipment and state-of-the-art manufacturing processes.