NEWSLETTER
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New Productivity Records
Plan to attend IMTS 2010, Sept 13-18 at Chicago's McCormick Place, where
you can see and compare a world of new machines, technologies and tools
side by side. Get the ideas you need. Improve your processes. Advance
your technology. See how to be more competitive. Learn
more about IMTS.
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Hardinge Inc. directors have rejected a unsolicited takeover offer
from Industrias Romi S.A., unanimously, calling the rival’s
$92-million bid “grossly inadequate, opportunistic and not in the best
interests of Hardinge and its shareholders.” They also announced a
new, one-year shareholder rights plan, intending to ensure that all
stockholders are properly compensated in any takeover attempt.
Read
the full story here
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General Motors launched a $494-million capital investment program to
expand capacity to produce a new series of its Ecotec engines, including
facility renovations, new machinery, equipment and special tooling at
three plants. The automaker did not indicate when the projects would be
complete, and declined to detail the new four-cylinder engine designs
“for competitive reasons.”
Read
the full story here
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Many shops struggle to offset the recent declines in revenue that
have resulted from the weakened manufacturing sector, domestically and
globally. The average job shop may need to find ways to grow or
restructure its capabilities, with minimal investment.
Read
the full story here
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Sandvik Coromant’s new high-performance, sharp-edge grade for
heat-resistant super alloys and stainless machining is “designed to
ensure secure and reliable performance in applications ranging from
aerospace to general engineering.”
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the full story here
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Schunk’s redesigned Tendo brand of hydraulic toolholders clamp
different types of cutting tools with cylindrical shanks directly in the
toolholder, without using intermediate sleeves. According to Schunk,
this makes the new design “even more universal,” capable of various
tasks and able to transmit up to 15% more torque.
Read
the full story here
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