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Six new toolmakers joined The Plastek Group in 2024 to enhance manufacturing capabilities, while key leadership additions — a general manager and director of engineering — bolster strategic growth. Source (all images): The Plastek Group/Triangle Tool How would you describe The Plastek Group’s evolution in recent years?
Bringing Digital Inventory to Life First unveiled atAMUG 2024, Wrth’s Digital Inventory Services (DIS) offers a secure, scalable way to store and transmit validated part data. Enable just-in-time manufacturing to reduce leadtimes and mitigate disruptions. SOURCE Wrth Industry of North America
Sources (Clockwise) | Alpine Advanced Materials, Dynamic Tool Corp., Intralox, Hermle AG Did you miss any of MoldMaking Technology ’s most-viewed case studies from 2024? Now’s your chance to dive into these trending topics. Read on to discover your next innovation, solution or potential connection below.
Source | Stock, Copilot Mold manufacturing boils down to leadtimes. This year, we will announce our 2024 Leadtime Leader Award Winner at NPE on Tuesday, May 7, at 4 p.m. If you can’t meet or exceed a customer’s delivery expectations, that customer probably won’t return.
Retention Above All Material sourcing became a universal challenge in the aftermath of the pandemic, affecting East Coast Precision just as much as other shops. The shop’s layout and penchant for buying more machines than it strictly needs have also played into its growth.
These high-production molds for the electrical industry were designed and produced on-time. Source | Versatile Mold and Design Could you tell us about Versatile Mold and Design’s history and current operations? How has having offshore partners influenced your operations, particularly regarding leadtimes and cost-effectiveness?
Suppliers continue to have capacity but work to improve leadtimes, due to their raw material supply chain disruptions. ” [Chemical Products] “Sales continue to exceed expectations in 2024. ” [Primary Metals] Read full report from ISM Source: ISM GOING TO FASTENER FAIR USA?
3, 2024 /PRNewswire/ — Economic activity in the manufacturing sector contracted in August for the fifth consecutive month and the 21st time in the last 22 months , say the nation’s supply executives in the latest Manufacturing ISM ® Report On Business ®. . This indicates the uncertainty around the election.
Shop owners today are spending more time focusing on efficiency, repeatability and automation using digital tools such as AI, or artificial intelligence. IMTS 2024 offers visitors access to exhibitors with a wide swath of technology to help achieve these goals. “So that was our starting line.
Suppliers continue to have capacity, with leadtimes improving and shortages not as severe. Ordering is still well below typical levels as we continue to burn down inventory of raw goods, with ‘normal’ ordering trends expected to return sometime in the second half of 2024.”
Source: MetalQuest From the earliest days of automation at IMTS featuring a robot hand moving parts, there has been a massive evolution in technology. As attendees walk the show floor at IMTS 2024 it is impossible to not see some type of automation in virtually every exhibitor’s booth. Source: AMT. Source: AMT.
Photo Credit: AMT Registration has officially opened for IMTS 2024 – The International Manufacturing Technology Show , taking place Sept. “You need to take the time to analyze your business and research what exhibitors are offering, but what makes IMTS special is that visitors can find unexpected inspiration in every aisle.”
Source (All images) | Molded Precision Components and MPC Advanced Machining Who is MPC Advanced Machining? This technological shift has allowed MPC Advanced Machining to reduce leadtimes, improve consistency and take on more complex projects with greater accuracy.
Source | CloudNC CloudNC has announced that its CAM Assist solution can now create programming strategies and tool paths with AI for 3+2-axis CNC machines. This enables manufacturers using CAM Assist to raise productivity and shorten leadtimes, while also estimating for more work, more quickly.
Source: (top left) Boucherie, (top right) TK Mold & Engineering, (bottom left) Emuge-Franken, (bottom right) Plastic Ingenuity The top ten most-viewed articles in January were not only a testament to what our readers took an interest in—they reflect what is trending in our small but mighty world of moldmaking. Dapra Corp.,
Source: Hurco Market Dynamics and Business Strategies Reshoring trends are leading to increased emphasis on domestic production in many markets. This shift is driven by concerns over supply chain resilience and a desire for greater control over quality and leadtimes. Source: CGS North America Inc.
As a result, businesses are taking action to rebalance operations closer to home, localizing sourcing and production, to reduce risk and cost. Digital twins and simulations are vital enablers of this approach, and these solutions help build resiliency by enhancing transparency and offering real-time visualization of production activities.
Source: CloudNC CloudNC has announced that its CAM Assist solution can now create programming strategies and tool paths with AI for 3+2-axis CNC machines. This enables manufacturers using CAM Assist to raise productivity and shorten leadtimes, while also estimating for more work, more quickly.
At NPE 2024: The Plastics Show , 3D printing and additive manufacturing (AM) suppliers will be highlighted in the Advanced Manufacturing Zone , while AM users will take to the stage for Wednesday’s 3D Printing Workshop. Mold Tooling Leadtime delays for molded parts often originate from difficulties with sourcing tooling.
While we strive to put as many talented workers as possible in jobs within manufacturing, we also enable customers to do more with less, at higher quality and shorter leadtimes,” Williams noted. For example, the BotX cobot welding system, jointly developed by Red-D-Arc and Airgas, simplifies and streamlines welding operations.
Large demand volumes are required to offset the initial cost of designing and manufacturing PICs, and production leadtimes can take months. The photonic integrated circuit market is expected to increase in size by almost 9 times in the next 10 years. Source: IDTechEx What are the PIC materials of the future?
Its specialty is turning out complex parts with short leadtimes, rapid prototyping, and working on materials that include aluminum and exotic materials such as Inconel and Haynes. To source equipment, they reached out to distributor Japan Machine Tools (JMT, booth #338980 ). “I guarantee you’ll find it at IMTS.”
Manufacturing leadtimes sentiment improved again but remain at elevated levels. ” [Primary Metals] SOURCE: Institute for Supply Management RELATED CONTENT: Manufacturing PMI® at 48.5%; June 2024 Manufacturing ISM® Report On Business® Manufacturing PMI® at 48.7%; May 2024 Manufacturing ISM® Report On Business®
April 1, 2024 /PRNewswire/ — Nucor Corporation (NYSE: NUE) announced today that it has acquired Southwest Data Products, Inc. With our circular, recycling-based steel production process, sourcing steel from Nucor mills will ensure our nation’s green and digital economy is being built with low embodied carbon steel.
The construction is planned to start in 2024 and will replace the nine separate buildings that have grown organically since 1974 and currently constitute the robotics operations in Sweden, thus further strengthening cross-functional synergies.
Customs revenue through March 2024 , according to the nonpartisan Tax Foundation nonprofit group. For Tormach, sourcing from Asia meant delays and soaring shipping costs, up to “four times what I used to pay to bring parts across the ocean,” he adds. Then there’s the open-source backbone of the company.
Manufacturing supplier leadtimes continue to decrease, a positive for future economic activity. The 2024 forecast looks challenging, specially from a cost perspective.” ” [Fabricated Metal Products] “Customer orders have pushed into the first quarter of 2024, resulting in inflated end-of-year inventory.”
Machine Tool Influencers 2024 Industry Insights 1. They use additive techniques to produce complex geometries, customized tools, and tool components with reduced leadtimes and enhanced performance characteristics. They focus on reducing energy consumption, minimizing waste, and ensuring responsible sourcing of materials.
Manufacturing supplier leadtimes continue to decrease, but at a slow pace. However, many forecasts are set for the beginning of 2024. The Prices Index remained in ‘decreasing’ territory, 4.6 Post-pandemic, customers have learned they need partners to navigate rough waters.”
Manufacturing leadtimes clearly improved in the month. Supply chains are prepared and eager for growth, as panelists’ comments and the data support reduced leadtimes for their companies’ more important purchases. Labor shortages are getting better within our organization and throughout our supply chain.”
While multi-sourcing and intensifying cooperation with our suppliers and customers all over the world, we concentrated our focus on emergency response scenarios, business sustainability management, preparation of quality and performance improvement programs for suppliers, and increasing the level of automation based operations.
In 2023 and 2024 we will see those transformations begin to take place, including updated labor strategies [unfilled jobs create a large financial strain in the chain], real-time connectivity and visibility and automation,” Chesley noted. Today, manufacturers must fulfill all three services. Necessity is the mother of invention.
These industry trends prompted Advanced Industrial Measurement Systems (AIMS) Metrology (Dayton, OH) to expand its product offering and launch plans to open a new Southeast Technical Solutions Center in North Carolina in the fall of 2024. and globally sourced materials. They also need a service provider they can depend on.”
My sources of motivation include: • Innovation: The opportunity to engage with cutting-edge technology and develop new solutions is a significant motivator. The Ace Micromatic Group has been a sig nificant source of inspiration for me, ever since I joined in 1999. Personal Insights 1. This gives me a strong sense of achievement.
This “interconnectedness” between technology providers and forward-thinking shop leaders represents the theme of IMTS 2024 as the hub of those connections. Note: Times and locations of events included here may change by the time of the show. Here is our take on what to expect at the big Show.
Source | Getty Images As we mark the halfway point of 2024, it’s a good time to take a moment to step back and assess where everything is, and whether any improvements can be made. Is your company meeting customer’s demands, leadtimes and so on? Read on to find out more.
Patrick Chen — Chairman of the Taiwan Machine Tool and Accessory Builders Association (TMBA) and GM of Yeong Chin Machinery (YCM) Patrick Chen of YCM poses in front of the company’s “Green Smart Machine Alliance” display at TMTS 2024. What machining solutions did Taiwan Takisawa have on display at TMTS 2024?
Source (clockwise) | DMS, Lyndex-Nikken, SprutCAM and Hasco. This is only a small portion of what is coming out in the following months, so keep an eye out for additional product roundups, as well as separately posted NPE 2024 company previews!
Source (All Images) | Dynamic Tool Corp. The repeat business the company receives from world-class custom molders and OEM brand owners is perhaps the most demonstrable evidence of Dynamic Tool’s on-time deliveries, exceptional customer service, engineering-based capabilities and dedicated workforce. Dynamic Tool Corp.
SupplyPoint solutions are capable to address this challenge by allowing its users to maintain the Minimum stock level /Critical stock levels to trigger requirements with leadtimes to the suppliers. Similarly, we will also do a curtain raiser on a few of our upcoming cool features in version 2024.
Director – Network Services, Frost & Sullivan Information and Communications Technology (ICT) The MEF Global Network-as-a-Service (NaaS) event in Dallas, TX, held during October 28-30, 2024, brought together industry leaders to explore the future of NaaS. To connect with our growth experts, reach out to Stephen.thomas@frost.com.
2, 2024 /PRNewswire/ — Economic activity in the manufacturing sector contracted in November for the eighth consecutive month and the 24th time in the last 25 months , say the nation’s supply executives in the latest Manufacturing ISM ® Report On Business ®. .
The project was regarded such a success it won the Plastic Industry Award for Supplier Partnership Injection Moulding 2024. The Plastic Industry Award 2024 judges concurred saying: It is exciting to see a company install this level of automation. Again, this was adapted to Nolatos exact specifications.
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