Manufacturing Jobs Drop in January February 5, 2021 Manufacturing employment declined by 10,000 jobs last month and results were even worse in durable goods industries, the U.S. Bureau of Labor Statistics said today.
Cottonwood Expands Into Industrial Financing February 22, 2021 Cottonwood Group, a Los Angeles private equity real estate investment firm, announced the firm’s expansion into the industrial sector with two transactions totaling $80 million in combined value.
FANUC, Rockwell Automation Form Coalition February 26, 2021 FANUC and Rockwell Automation formed a coalition to address skills gap issues with work and apprenticeship programs.
GE Appliances Invests $118M in Georgia Plant December 21, 2021 GE Appliances, a Haier company, announced plans to invest more than $118 million to grow its cooking appliances business by expanding capacity and developing new cooking products at its wholly-owned subsidiary Roper Corp. in LaFayette, Ga.
Chip Shortage, COVID to Slow Auto Recovery, IHS Markit Says December 16, 2021 The continuing computer chip shortage and the ongoing COVID-19 pandemic will slow down the auto industry’s recovery, forecasting company IHS Markit said in a presentation today.
Xometry Acquires Thomas December 8, 2021 Xometry today announced the acquisition of Thomas (Thomasnet.com), a leader in product sourcing, supplier selection, and digital marketing solutions.
Platinum Tooling President Celebrates Four Generations and 100 Years in Metal Cutting December 6, 2021 In a world where machine shops are struggling to stay open and maintain their business and in a day when “going into dad’s business” is not what it once was, Platinum Tooling is an exception to the rule.
September U.S. Cutting Tool Orders Up 10.7% From September 2020 December 3, 2021 September 2021 U.S. cutting tool consumption totaled $163.1 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology.
Manufacturing Accelerates in November, ISM Says December 1, 2021 Manufacturing sped up in November on improvements in new orders, production and employment, the Institute for Supply Management said today.
The U.S. is Overly Dependent on Imports December 9, 2021 The COVID-19 pandemic revealed how 40 years of increasing dependence on imports and the resulting hollowing out of U.S. manufacturing has created unacceptable national vulnerabilities.