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Florida exemption for manufacturing machinery and equipment made permanent

May 10, 2016

Dallas-based global tax services firm Ryan has reported that the Florida Legislature has passed House Bill 7099, which makes permanent the existing sales and use tax exemption of certain manufacturing machinery and equipment. This exemption was scheduled to expire April 30, 2017. The bill, which...

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Metal Powder Products acquired by Millstein & Co.

May 10, 2016

Westfield, Ind.-based Metal Powder Products, a manufacturer of aluminum and ferrous powder metal components, has been acquired by Millstein & Co., a diversified investment management and financial services firm with offices in New York and Washington, D.C. Metal Powder Products, which has three...

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Research shows growing need for product traceability will drive global fiber laser market

May 10, 2016

London-based Technavio has released “Global Fiber Laser Market 2016-2020,” a research report that predicts the global fiber laser market will grow at a CAGR of more than 15 percent until 2020. According to the report, product traceability requirements will help drive that growth....

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Dana to build axle manufacturing facility in Ohio

May 10, 2016

Dana Holding Corp. has announced plans to open a high-tech axle manufacturing facility in Toledo, Ohio. The company will expand a recently constructed 100,000-sq.-ft. facility on the property to nearly 300,000 sq. ft. Over the next few years, the firm plans to invest about $70 million and employ...

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Caterpillar announces closure of five more plants

May 10, 2016

Heavy equipment manufacturer Caterpillar Inc., based in Peoria, Ill., has announced it will close five more factories in reaction to slowing demand for construction and mining equipment worldwide. The closures will eliminate 820 jobs. In 2017 the Oxford, Miss., plant, with 240 employees stamping...

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SSAB Americas president receives highest honor in North American steel industry

May 10, 2016

SSAB Americas has announced that its president, Chuck Schmitt, has received the 2016 Gary Memorial Medal from the American Iron and Steel Institute (AISI), the industry’s highest honor. The medal is presented annually to recognize an individual for his or her remarkable lifelong contributions to...

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Manufacturing technology orders grew in March, but outlook remains flat

May 9, 2016

The U.S. Manufacturing Technology Orders (USMTO) report for March 2016 showed that orders grew 36.9 percent compared to the previous month, according to AMT – The Association For Manufacturing Technology. However, orders still were down 11.8 percent compared to March 2015 and are 15.0 percent...

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Sinterite installs custom pusher furnace

May 9, 2016

St. Marys, Pa.-based Sinterite, a Gasbarre Furnace Group company, has installed a custom pusher furnace for a customer in Pennsylvania. The manually operated furnace is designed for continuous sintering of various material grade parts. It comprises two heat control zones and one cooling zone with a...

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GM invests additional $788.7 million in Spring Hill plant

May 9, 2016

General Motors has announced it will invest $788.7 million for an all-new, high-efficiency engine program at its Spring Hill Manufacturing plant in Tennessee, as well as projects to modernize the vehicle programs there, creating 792 jobs and retaining 16. Construction is expected to last...

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3-Dimensional Services Group launches website

May 9, 2016

The 3-Dimensional Services Group, Rochester Hills, Mich., has launched a newly designed, responsive website at www.3dimensional.com that provides information on the company’s functional prototypes, low-volume production, and service/recall parts manufacturing capabilities to engineers and product...

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Akron Tool & Die Co. marks 75 years in business

May 9, 2016

Akron Tool & Die Co., a manufacturer of custom components for a variety of extrusion types, is celebrating 75 years of providing engineering, customized tooling, and precision machining. Robert Magee, Fred Jones, and George Foerstner established Akron Tool & Die Co. in Akron, Ohio, in 1941 to...

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MetoKote receives Supplier Performance Award from Cardington Yutaka Technologies

May 6, 2016

MetoKote Corp.'s Lima, Ohio, facility has received the Supplier Performance Award from Cardington Yutaka Technologies Inc., Cardington, Ohio. MetoKote has been providing high-temperature liquid paint services to Cardington Yutaka Technologies for its exhaust components for more than 15 years....

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Talan Products hires materials manager

May 6, 2016

Talan Products, Cleveland, a metal stamping company and manufacturer of tooling and engineered parts, has hired Brad Partee as materials manager. In this role, he oversees all aspects of supply chain management and warehousing, including materials procurement and shipping/receiving. Partee spent...

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Cincinnati Incorporated provides additive manufacturing systems to Local Motors for microfactories

May 6, 2016

Cincinnati Incorporated (CI) has announced the sale of two of its Big Area Additive Manufacturing (BAAM) systems to Local Motors for production of 3-D-printed automobiles. Local Motors currently has two microfactories in Phoenix and Las Vegas. The company plans to complete two more this...

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Toolots launches e-commerce site for industrial tools, machinery

May 5, 2016

Toolots Inc., City of Industry, Calif., has launched Toolots.com, an online marketplace and distribution channel that gives visitors fast access to industrial equipment from manufacturers around the world, while streamlining the purchase, delivery, installation, and warranty of these products....

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