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Faro Acquires Laser-Tracker Maker

Tuesday, February 19, 2002
Faro Technologies, Inc., Lake Mary, FL, which provides computer-aided-manufacturing software and products, has acquired SpatialMetrix Corp. (SMX), Kennett Square, PA, a supplier of laser trackers, metrology software and contract inspection services. SMX recently developed a new laser-tracker, which is of particular interest to Faro officials. “The laser tracker is a high-accuracy portable 3D measurement technology with a range of more than 100 feet,” explained Simon Raab, Faro president and CEO. “When combined with Faro’s conventional control station with FaroArm, it results in a portable product line capable of handling virtually any manufacturing measurement challenge.” In 2001, SMX realized 75 percent of its sales within the United States. With the acquisition, Faro expects increased sales of SMX products and services on the world market through Faro’s existing sales channels in Europe and Asia. For more on the acquisition and the products involved, visit

Website Formed for Turret-Punch-Press, Shear Parts

Monday, February 18, 2002
Automated Machinery, Inc., Cincinnati, OH, has launched a website to serve customers seeking replacement parts, retrofits, rebuilds, field service and technical support for turret punch presses and right-angle shears. In addition, the site,, offers information on AMI Borliner, AMI scheduled-maintenance programs and Recora Switchmats pressure-sensitive perimeter controls. Also offered through the website are new, obsolete and reconditioned control parts; a line of parts for table, turret and punching-mechanism rebuilds; clutch/brake parts; and workholder assemblies for Wiedemann, Amada and Strippit equipment. Automated Machinery offers maintenance, technical assistance, rebuilds, retrofits and parts for fabricating equipment.

Domestic Steel Shipments, Prices Drop in December

Monday, February 18, 2002
Domestic steel-mill shipments totaled 99,448,000 net tons in 2001, down 8.8 percent from 2000, according to the American Iron and Steel Institute (AISI). Through December 2001, the capability-utilization rate was 75.6 percent, down from 84.4 percent in 2000. For December alone, mills shipped 6,872,000 net tons, a decrease of 9.1 percent as compared to December 2000 shipments. U.S. prices for hot- and cold-rolled sheet in December 2001 were down 11 and 14 percent, respectively, as compared to December 2000. AISI cited steel imports as the cause for slumping shipments and depressed prices. For more data, visit


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