Hardinge reveals more cost-cutting measures
Publish on 6/18/2009 04:06:38 PMHardinge Inc. is implementing additional actions to reduce the company's cost structure more in line with the current global demand levels for machine tools. The company has started a ten week furlough of about 80 employees in its Elmira, New York manufacturing machine division. This represents roughly 20% of the Elmira based workforce. Hardinge has 1,300 employees throughout its worldwide operations. They believe that current customer demand can be satisfied from inventory on hand. Other areas of the Elmira factory will continue to work a reduced workweek.
Doosan complex kicks off in Dung Quat
Publish on 6/18/2009 04:06:58 PMDoosan Heavy Industries Vietnam Co. Ltd has opened a heavy industry complex worth $300 million in the Dung Quat economic zone in Quang Ngai province, Vietnam. The complex is expected to supply a vast array of heavy梚ndustry machines. These include steam generators for thermo-power plants, heat recovery steam generators, seawater refining machines, chemical processing equipment, boilers, forklifts, loading and unloading equipment, and turbines.
Global HSS cutting tools market to exceed $6.2B
Publish on 6/18/2009 04:06:39 PMGlobal high-speed steel metal cutting tools market is projected to go beyond $6.2 billion by 2015. Asia-Pacific represents the leading market for high-speed steel (HSS) metal cutting tools, according to a new report by Global Industry Analysts. The region is also the fastest growing market over the period 2006-2015. HSS tapping tools represents the largest and the fastest growing product type globally. HSS?sustained viability can be primarily attributed to the introduction of particle or powder metallurgy (P/M), the greatest single advancement in HSS technology.
Mori Seiki, Iriso form micro-machining society
Publish on 6/18/2009 04:06:04 PMMori Seiki Co. Ltd and Iriso Seimitsu Co. Ltd jointly established the Micro Machining Society in May 2009. Recently, large machine tools have been drawing attention in the aircraft and energy industries. The increasing demand for high-accuracy machining of complex-shaped workpieces in the medical, precision parts and precision dies/molds fields have raised the need for research on machining methods.
Delcam to appoint new managing director
Publish on 6/18/2009 04:06:18 PMDelcam announced at its annual general meeting that after twenty years as managing director, Hugh Humphreys will be stepping down from the role on 1 August 2009. Mr. Humphreys, who has led the group's successful expansion since the staff buy-out in 1989, will remain on the board as an executive director and deputy chairman. At the same time, the board announced the appointment of Clive Martell as managing director. This appointment will also take effect on 1 August. Mr.
Renishaw helps UK makers weather the storm
Publish on 6/18/2009 04:06:33 PMThe Manufacturing Advisory Service in the South West (MAS-SW) is advising manufacturers across the UK to work together and weather the current economic downturn. The benefits of this advice were borne out of the region's top manufacturers' attendance of the MAS' national best practice visit, recently hosted by Renishaw.
Atlas Copco Philippines shares iron, steel practices
Publish on 6/18/2009 04:06:13 PMSouth East Asia Iron & Steel Institue (SEASI), in cooperation with Philippine Iron & Steel Institute (PISI), held the SEASI 2009 Traveling Seminar last March 20, 2009, at the Discovery Suites, ADB Ave., Ortigas Center, Pasig City. The seminar's topic was "Controlling and Improving Yield in Steel Making and Rolling Operation." Atlas Copco (Philippines) was given the privilege to be one of the six international organizations tapped to share their best know methods and practices.
New Ringier CEO visits China office