Hot Off the Press
Ford Offers Cash for Cost-Saving Ideas
Thursday, January 31, 2002
As part of its wide-ranging efforts to accomplish a global turnaround, Ford Motor Co. has begun offering cash awards to North American suppliers that come forward with cost-cutting ideas. Ford will gather ideas into a database and send 300 of its engineers into the field to meet with its 2000 direct suppliers. For any ideas that survive the testing stage and find their into production, Ford will cut a check to the supplier that initiated the idea equal to 35 percent of the expected cost savings. Ford expects the plan to shave some $3 billion off of its $50 billion annual production-parts costs.
Dadco Expands Canadian Presence
Wednesday, January 30, 2002
Dadco Canada, Mississauga, Ontario, Canadian headquarters for nitrogen-gas-spring manufacturer Dadco, Inc., has relocated to a new facility 30 miles form downtown Toronto. The new facility, in the Meadowvale Business Community, occupies 12,000 sq. ft., with additional acreage available for growth. For more, log on to www.dadco.net.
Creative Tube Installs an Automatic Circular Sawing Machine
Monday, January 28, 2002
Cutting Systems Inc., Burlington, Ontario Canada, North America agent for the DutchSaws line of metal-cutting and finishing equipment, has installed a fully automatic circular-sawing machine at Creative Tube, Jacksboro, TN. Creative Tube offers the tube and pipe industry services including punching, forming, bending and cutting. Its new circular sawing machine, a Model RCH 90-M, includes a 3-ton bundle loader, 10-foot discharge table, PLC control, and a mist lubrication system for quick blade cooling. Learn more at www.cuttingsystemsinc.com.