The American Mold Builders Association (AMBA), Indianapolis, Indiana, announced the release of its 2021 Shop Rate Report. The report gathered charge rates specific to services in engineering, moldmaking and specialty services, as well as current versus anticipated capacities, company demographics and sales information. The final report includes survey responses from 83 U.S. … [Read more...] about AMBA Publishes New Data in the 2021 Shop Rate Report

Reshoring Initiative, Sarasota, Florida, released its 1H2021 data report. The report shows that if 2H2021 progresses at the same rate as 1H2021, reshoring and foreign direct investment (FDI) job announcements for 2021 are projected to be over 220,000 – 38% above 2020 and the highest yearly rate recorded to date. Top takeaways from the report show that the jobs that are coming … [Read more...] about Reshoring Initiative 1H2021 Date Report: Reshoring Poised to Surge 38% to Record High

Westminster Tool, Plainfield, Connecticut, announced that it is has been awarded $100,000 as a recipient of the Additive Manufacturing Adoption Program (AMAP) grant, a CT-based program recognizing six manufacturers in the state adopting innovative additive technologies into their operations. Governor Ned Lamont, the Department of Economic and Community Development (DECD) and … [Read more...] about Westminster Tool Awarded $100,000 Grant for Additive Technology

Hypertherm, Hanover, New Hampshire, recently announced three new air plasma systems called Powermax SYNC™. The new systems feature built-in intelligence and a single-piece cartridge consumable. Powermax SYNC and its SmartSYNC™ torch replaces the traditional five-piece consumable stack-up with a single color-coded cartridge. Technology embedded in each cartridge automatically … [Read more...] about Hypertherm Introduces Three New Plasma Systems

EMUGE-FRANKEN N.A., West Boylston, Massachusetts, a leading manufacturer of high-performance taps, thread mills, drills, end mills, clamping devices and other rotary tools, has announced the promotion of Scott Lowe to national sales manager for the U.S. and Canada. In his new position, Lowe is responsible for leading the EMUGE-FRANKEN N.A. sales organization to further … [Read more...] about EMUGE-FRANKEN N.A. Promotes Scott Lowe to National Sales Manager

UK company HRS Heat Exchangers was founded by Steven Pither 40 years ago. Ten years after its conception, HRS was so successful that Pither was able to purchase Marine & Industrial Heat, the company he had originally worked for. This provided HRS with its own manufacturing facility where it could also build heat exchanger frames. Since then, HRS has expanded around the … [Read more...] about After 40 Years HRS Enters New Chapter