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Analysis shows continuing expansion in fabricated metal product manufacturing

July 28, 2015

The IBISWorld Sector Analysis: Manufacturing shows that despite a continued decline in manufacturing’s share of the U.S. economy (as measured by value added), many manufacturing industries have continued to expand, and the U.S. remains one of the largest manufacturers in the world. Over the...

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MagneGas receives first gasification equipment order from U.S., signs MOU

July 28, 2015

MagneGas Corp., Tarpon Springs, Fla., a technology company that counts among its inventions a patented process that converts liquid waste into MagneGas® fuel, has announced that it has signed a memorandum of understanding (MOU) with Green Gas Supply LLC to expand into Louisiana and Texas with a...

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Caterpillar to bring vocational truck production to U.S. facility

July 28, 2015

Caterpillar, Peoria, Ill., has announced it will begin independently designing and manufacturing its vocational truck product family at its plant in Victoria, Texas. The plant, which opened in 2012, currently produces hydraulic excavators. Previously Caterpillar worked with Navistar for the...

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All Metals completes facilities upgrade

July 28, 2015

All Metals has announced the completion of upgrades at its Spartanburg, S.C., processing facilities. The upgrades included construction of a new, climate-controlled storage bay that expands the total plant size to 225,000 sq. ft. and an on-site rail expansion that now allows the company to receive...

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Precision Castparts Corp. acquires Noranco

July 28, 2015

Precision Castparts Corp., Portland, Ore., has agreed to acquire Noranco from MidOcean Partners and PSP Investments for $560 million. Noranco, Pickering, Ont., is a supplier of complex machined and fabricated components for aero-engine, landing gear, and airframe applications. Its largest...

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CNH Industrial celebrates 50 years of operations in Nebraska

July 28, 2015

CNH Industrial N.V. celebrated an important milestone in Nebraska, marking 50 years of operations at its Grand Island plant during an event on July 25. Local dignitaries, including Sen. Curt Friesen of Henderson, Grand Island City Council Leader Linna Dee Donaldson, Grand Island Chamber President...

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Formtek names senior vice president

July 28, 2015

Formtek Inc., Cleveland, a Mestek company, has promoted Jack Pennuto Jr. to senior vice president. Pennuto joined the company in 2006 as a member of its sales team and soon was promoted to director of sales and marketing. Pennuto, who has both a bachelor’s and master’s degree in mechanical...

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Mazak adds distributor in western Canada, goes direct in B.C.

July 28, 2015

Machine tool manufacturer Mazak Corp., Florence, Ky., has added a new Canadian distributor effective Aug. 1. Based in Edmonton, Alta., Moretti Machine Tools Inc. is responsible for serving customers in Manitoba, Saskatchewan, and Alberta. The firm will offer training, conduct machine...

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Norsk Titanium appoints president/CEO

July 27, 2015

Norsk Titanium AS (NTi), a Norway-based manufacturer of titanium components for industrial applications, has appointed Warren M. Boley Jr. as president and CEO. Boley will lead the company as it seeks to establish the world’s first industrial-scale direct metal deposition (DMD) manufacturing...

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H.C. Starck receives Boeing’s 2014 Silver Performance Excellence Award

July 27, 2015

Global materials supplier H.C. Starck has announced that its Fabricated Products Division has received the 2014 Boeing Performance Excellence Award, issued annually to suppliers who have achieved superior supplier performance. The company maintained a Silver composite rating for each month of...

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Sinterite hires sales engineer

July 27, 2015

Sinterite, a Gasbarre Furnace Group company based in St. Marys, Pa., has hired Josh Parslow as sales engineer. He has worked in the powder metal industry since earning his bachelor’s degree from the University of Pittsburgh-Bradford. Sinterite designs, manufactures, and services custom...

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Fine Tubes appoints procurement specialist

July 24, 2015

Fine Tubes, a manufacturer of precision metal tubing in Plymouth, U.K., has appointed Amanda Clark as procurement specialist. She is responsible for managing the procurement of indirect services and material supplies, supporting the purchase of raw materials, and identifying and implementing new...

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Mazak Optonics partners with Federal Equipment

July 24, 2015

Mazak Optonics Corp., Elgin, Ill., has partnered with Federal Equipment as its New York distributor. Based in Ronkonkoma, N.Y., Federal Equipment will offer Mazak’s laser cutting systems to manufacturers and job shops in Long Island, all boroughs of New York City, and West Chester...

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Hurco announces acquisition of two machine tool companies

July 24, 2015

Hurco Companies Inc., Indianapolis, a manufacturer of metal cutting machine tools with integrated control technologies, has announced that, through a wholly owned subsidiary, it has acquired substantially all of the assets of Waconia, Minn.-based Milltronics Mfg. Co. Inc. Milltronics designs and...

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Dorner breaks ground on facility expansion

July 24, 2015

Dorner Mfg. Corp. has broken ground on a 25,000-sq.-ft. facility expansion in Hartland, Wis. The expansion was necessitated by years of sustained growth of its low-profile belt conveyor systems and support services. It the past 18 months, the company has added about 65 new employees and added a...

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