One of Allied Machine & Engineering's manufacturing facilities in Dover, Ohio.
Allied Machine & Engineering Corp., a manufacturer of hole-making and finishing tooling systems, has purchased a majority of the shares of Wohlhaupter GmbH of Frickenhausen, Germany, Wohlhaupter USA and Wohlhaupter India. The company is best known for its innovative boring tools, but also produces facing and boring heads, grooving heads, clamping tools and customized solutions for boring operations. It is particularly well-known for its innovative, modular tool systems. Its most significant product developments include larger diameter boring tools and a line of digital boring tools.
“Allied Machine is a perfect fit with Wohlhaupter,” says Bill Stokey, president/CEO of Allied Machine & Engineering. “Both are family-owned companies whose foundations are built upon excellent quality, flexibility, and ability to customize products and services, as well as a preference for building strong partnerships with our customers. These commonalities will produce a seamless integration of our philosophies and services.”
“By acquiring Wohlhaupter, Allied has added the world’s widest range of precision boring tools to our already vast array of available products,” adds Eric Tope, vice president of marketing and sales. “Equally important is the fact that Allied now has a manufacturing presence in Europe and an additional 30 field sales engineers throughout the USA, Germany and India.” Customer sales and support will continue to be provided by both Allied and Wohlhaupter.
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The former home of Mitsubishi North America’s manufacturing and operations is up for auction.
BidItUp Auctions Worldwide has announced it will be auctioning off the Mitsubishi Automotive Manufacturing and Operations Facility in Normal, Illinois. The massive four-day auction, scheduled to begin October 18, 2016, is intended to sell the 636-acre property, the 2,400,000-square-foot manufacturing and office complex, and the equipment on-site including, among other things, stamping machines, injection molding equipment, robots, CNC machine tools, welders and cranes. The property also includes farmland and individual properties with buildings. The plant was the home of Mitsubishi North America’s manufacturing and operations since 1988 and ceased production earlier this year. More information on the auction, including a list of assets for sale, visit biditiup.com.
Fives Launches Liné Machines Robotics – The dedicated robot platform will complement the company’s large machine tool offerings by offering cost-effective, flexible robotics options for aerospace and other industries.
With a reading of 48.7, the Gardner Business Index showed that the metalworking industry contracted in August at a significantly slower rate than in July and reached its second highest level since March 2015, which was the last time the index showed growth for the industry.
The new orders subindex jumped substantially for the month, growing for just the second time since March 2015. The production index also increased sharply, growing for just the third time since April 2015 but reaching its highest level since March of that year. While backlogs continued to contract, as they have since March 2014, this subindex has improved considerably since November 2015. Employment contracted for the 13th month in a row, but the rate of contraction was slower in August. Exports have contracted since March 2014. Supplier deliveries have lengthened since March of this year, but the rate of lengthening slowed noticeably in August.
Material prices have increased since March, and the rate of increase in each of the months since has been faster than at any time since late 2014. Prices received decreased at a minimal rate in August, having done so at a slower and slower rate since November 2015. Future business expectations improved in August for the second month in a row. Other than a spike in March, this subindex reached its highest level since August 2015.
Custom processors and plastic/rubber product manufacturers both posted an index above 63.0 in August. Presumably, if these facilities are cutting metal, it’s to make dies and molds. Off-road/construction machinery and industrial motors/hydraulics/mechanical components both grew in August, ending at least five months of contraction. Aerospace was also strong, growing for the fifth time in the previous six months.
While they are still below the historical average, future capital spending plans reached their highest level since November 2014. Compared with one year earlier, future spending plans increased for the fifth month in a row, and in three of those five months they increased more than 23 percent. This is a positive sign for capital spending in 2017.
At this years’ IMTS, the ShowDaily is truly living up to its name. At previous shows (this example is from IMTS 2014) only three issues were distributed.
Anyone who’s ever been to the International Manufacturing Technology Show has likely encountered the IMTS ShowDaily (it is handed out at nearly every corner of the show), but this year’s paper has more in store for readers than ever before. Now a true daily, IMTS’s official newspaper promises to be more comprehensive, timelier and more useful than ever before in its coverage of the biggest manufacturing industry event on this continent.
Produced by the editors of Gardner Business Media publications Modern Machine Shop, Production Machining, MoldMaking Technology, Automotive Design and Production, and Products Finishing, the ShowDaily doesn’t focus only on technology. Although you can find plenty of that sprawled throughout the editorial coverage and advertisements, most of the articles are more broadly focused on anything that’s eye-catching, interesting, or potentially worth checking out. Celebrities signing autographs; informative presentations; networking events and happy hours; raffles and giveaways; games and interactive demonstrations; race cars and other interesting displays—you’ll find it all there.
And compared to previous shows, you’ll find a lot more of it. That’s the advantage of having five issues instead of three. In addition to more of the “what,” you'll find greater detail on information like “when” and “where.”
The ShowDaily isn’t hard to find. In addition to being handed out at the show, you’ll see it on shuttle busses to and from the show, at various kiosks, and perhaps even in your hotel lobbies. Pick it up. You might find something you don’t want to miss.