The 135,000 square-feet expansion project will add 200 new jobs to its United States headquarters and manufacturing facility in Ohio, the company says.
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According to Siemens Industry Inc., the new digital thread leverages technologies from all four companies.
The sales, marketing and service for Elliot Tool Technologies will be handled in-house by the manufacturer, leaving Monaghan open to focus solely on cutting tools.
Two main approaches exist with respect to product configuration: sales/marketing and engineering-focused strategies. The former has advantages, but could lead to gaps in what a customer is promised to what can be delivered.
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