Amid predictions of global economic slowdowns and several recent PMI readings indicating manufacturing contraction, it becomes easy to see how slow production performance and data inefficiencies throughout the manufacturing supply chain contribute to economic uncertainty and concerns for future business.
NSL Analytical Services, an independent testing laboratory, said the company has been acquired by May River Capital, a Midwestern investment firm that says it builds businesses through partnership and collaboration.
Full line of fiber and diode laser machines for cutting and hardening
Gassed up your car this week? If so, you might want to thank Conroe Machine LLC. That’s because among the many parts machined by this specialty job shop in Conroe, Texas are most of the components used to build downhole positive displacement motors (PDMs.)
Prima Power Laserdyne has relocated and expanded its manufacturing and operations center. During February, Prima Power Laserdyne moved from its old location in Champlin, Minn., to the new facility in Brooklyn Park, Minn.
MC Machinery Systems has named Craig Barbeck to the MC Machinery team as a Regional Sales Representative for the Northern Ohio Territory. Barbeck will support the sales team with a focus on laser and press brake products.
Top financial executives participating in a survey by consulting firm PwC expressed concerns about the impact, including a recession, from the outbreak of the coronavirus (COVID-19).
Shrinking availability of skilled labor and continual cost-reduction pressures are magnifying the importance of manufacturing systems, services and integrated solutions, according to machine tool importer and distributor Absolute Machine Tools Inc., Lorain, Ohio.
U.S. manufacturers cut 12,000 jobs in January, led by a loss of jobs in the motor vehicles sector. Makers of vehicles and parts pared 10,600 jobs, according to the U.S. Bureau of Labor Statistics.
Manufacturers may look to investing in digital technology as they seek to recover from the COVID-19 pandemic, consulting firm Deloitte said this week in a report.
