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AP&T announces personnel changes

February 2, 2009

Monroe, N.C.-based AP&T, a supplier of automation, hydraulic presses, tools, and production lines to the sheet metal industry, has announced personnel changes.After a six-month interim term, Adam...

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Triumph Tube to open new manufacturing facility in South Carolina

February 2, 2009

The South Carolina Department of Commerce, Orangeburg County Development Commission, and the Central S.C. Alliance have announced that Triumph Tube Inc., a manufacturer in the drawn tube industry,...

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Lincoln Electric announces cost-saving measures

February 2, 2009

Lincoln Electric Holdings Inc. today announced actions to lower its fixed and variable cost structure to align its business with the current economic environment. These measures include the...

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Randolph Tool purchases National Knife and Service Grinding

January 29, 2009

Randolph Tool Co., Hartville, Ohio, has purchased National Knife Co. and Service Grinding Co., Berea, Ohio.Randolph Tool has specialized in the manufacturing and sharpening of industrial knives and...

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Durable goods orders down fifth straight month

January 29, 2009

The U.S. Department of Commerce announced today that new orders for durable goods fell by 2.6 percent in December, a larger decline than the 2 percent economists had forecast.December's decline marked...

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HRB prices plumbing the bottom

January 28, 2009

The bi-monthly SteelBenchmarker™World export HRB price for January 26 dropped 4.6 percent to $480 per ton, FOB the port of export, after rising the last reported period. The United States HRB...

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TRUMPF names vice president, lasers

January 27, 2009

Dr. Christian Schmitz is joining TRUMPF Inc. as the vice president, lasers, effective February 1. He will be located at the company's North American headquarters in Farmington, Conn. The announcement...

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Stimulus bill spending should support American workers

January 26, 2009

On January 22, U.S. Reps. Don Manzullo (R-IL) and Dan Lipinski (D-IL) and 49 of their colleagues co-signed a letter to the House leadership urging them to require any money spent under the proposed...

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Caterpillar announces job cuts

January 26, 2009

Peoria, Illinois-based Caterpillar has announced that it is cutting 20,000 jobs. The jobs include 12,000 employees—11 percent of the work force—and 8,000 contractors.The total comprises...

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FARO wins Defense Manufacturing Excellence Award

January 21, 2009

FARO, a provider of 3-D measurement and imaging technology, has won the Defense Manufacturing Excellence Award from the National Center for Advanced Technologies (NCAT).The National Center for Defense...

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Chrysler, Fiat announce strategic alliance

January 20, 2009

Chrysler and Fiat have signed a nonbinding agreement for a strategic alliance in which Italian automaker Fiat will receive an "initial" 35-percent stake in Chrysler, leaving the door open to expanding...

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Metal forming companies expect slight uptick in business conditions

January 19, 2009

According to the January 2009 Precision Metalforming Association (PMA) Business Conditions Report, metal forming companies expect a slight uptick in business conditions during the next three months....

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Iowa exec in line to be first woman chair of NAM

January 15, 2009

Mary Vermeer Andringa, president and CEO of Vermeer Corporation in Pella, Iowa, began her two-year term on January 1, 2009, as vice chair of the Board of Directors of the National Association of...

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RathGibson announces new CEO

January 14, 2009

Lincolnshire, Ill.-based RathGibson, a global manufacturer of welded, welded and drawn, and seamless stainless steel, nickel, and titanium tubing, has appointed Michael Schwartz to the position of...

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HRB price downdraft bottoming

January 14, 2009

The bi-monthly SteelBenchmarker™Western European HRB price for Jan. 12 fell 4.7 percent to $549 per ton (on a Euro basis, it rose 0.7 percent), ex-works, for the 12th consecutive time. The...

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