Adversely affected by numerous international crises, the global economy is currently in a relatively cautious phase. This applies to GDP, industrial production output, capital investment in the major user sectors for machine tools, and thus international machine tool consumption. However, for 2017,...

GE Additive has announced the expansion of Concept Laser GmbH of Germany, a producer of additive manufacturing equipment. GE acquired a 75 percent stake of Concept Laser in December 2016. GE has expanded the firm’s Lichtenfels, Germany, headquarters; invested in next-generation additive equipment...

Material handling equipment manufacturer UniCarriers Americas Corp. (UCA) has announced that Davco Fastener Co. has opened operations at the UCA Marengo, Ill., headquarters. Davco, a supplier of hardware and aftermarket parts, is the third supplier to open local operations specific to UCA. With...

Rockford Systems LLC, a Rockford, Ill.-based provider of machine safeguarding products and services, has scheduled the next webinar in its online educational series—Machine Safety Compliance 101—for April 6, 2017, from 10 to 11 a.m. CDT. The free, interactive webinar will take an in-depth look...

The global steel market reached a value of $753.4 billion in 2015, representing a negative CAGR of 11.2 percent from 2011, according to data from Manchester, U.K.-based research company MarketLine. The company’s latest report, “Steel Global Industry Guide 2016,” states that China is the...

PennEngineering®, Danboro, Pa., is celebrating its 75th anniversary in 2017. Founded in 1942, the company pioneered the first self-clinching fastener for thin metal assemblies. The firm now offers a diverse selection of fastening products for the electronics, computer, data/telecom, consumer...

CenterLine (Windsor) Ltd., Windsor, Ont., a winner of Canada’s Best Managed Companies program in 2013, has retained its status and become a Gold Standard winner in 2017. The national award is sponsored by Deloitte, CIBC, Canadian Business, Smith School of Business, and MacKay CEO Forums. It...

In March 2017, employment will grow at 59.0 percent of manufacturing firms and decline at 6.5 percent. The resulting net increasing index of 52.4 (59.0 - 6.5) suggests faster employment growth in manufacturing than in March 2016 (42.6). In March 2017, employment levels will grow at 48.8 percent of...

Global Shop Solutions, The Woodlands, Texas, a developer of ERP software, marked its 40th anniversary on April 15, 2016. Founded in 1976 by Dick Alexander, the family-owned business has grown from a small local company to a global enterprise serving discrete manufacturers around the world. In...

Neenah, Wis.-based safety and regulatory compliance consulting firm J. J. Keller & Associates Inc. now offers an OSHA Diagnostic Audit service. The audit begins with an on-site assessment by a J. J. Keller consultant who audits and scores a company’s performance in more than 450 areas covering...

Olympic Steel Inc., a Cleveland-based metals service center providing processed carbon, coated, and stainless flat-rolled sheet, coil, and plate steel and aluminum products, has hired David Stires as general manager for the Iowa Division in Bettendorf, Iowa. Stires most recently served as president...

Fabricating machinery manufacturer TRUMPF, based in Ditzingen, Germany, has received the Daimler Supplier Award 2016 in the Partnership category. The award recognizes the company for its joint development of a new laser welding procedure and for the successful implementation of Industry 4.0...