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Hot Off the Press
PMA Applauds Levin/Camp Legislation
to Permanently Extend R&D Tax Credit
Friday, May 04, 2007
Precision Metalforming Association (PMA) president William E. Gaskin voiced strong support for the Investment in America Act of 2007, legislation introduced yesterday (May 3) in the House of Representatives to permanently extend the Research and Experimentation Tax Credit to support research and development expenditures incurred in the United States. The legislation was introduced by Rep. Sander Levin (D-MI) and Rep. Dave Camp (R-MI).
“Reps. Levin and Camp once again showed their commitment to maintaining a strong manufacturing sector in this country, by introducing the Investment in America Act of 2007,” says Gaskin. “This bill will help keep manufacturing in the United States. With a permanent R&D tax credit, companies can develop long-term R&D strategies and budgets. We strongly urge Congress to support U.S. manufacturers by passing this important legislation.”
The Levin/Camp bill strengthens the R&D Tax Credit by increasing the rate for the
Alternative Simplified Credit (ASC) to 20 percent from 12 percent, removing the Alternative Incremental Research Credit, and making these tax credits permanent.
For more information, visit
www.metalformingadvocate.org or contact George Felcyn at 202/466-6210, george.felcyn@pbnco.com.
Pneumatic-Press Builder Airam Under New Ownership
Thursday, May 03, 2007
Partners Fred Ratermann and John Bornhorst have acquired Airam Inc., renamed the company Airam Press Co. Ltd., and relocated its headquarters from South Carolina to Covington, OH. The firm makes pneumatic presses for stamping, piercing, blanking, forming, cutoff, coining, embossing, laminating and assembly operations. Ratermann is president and Bornhorst serves as vice president of engineering. Learn more at
www.airam.com.
Akron Stamper Earns ISO 9001 Registration
Wednesday, May 02, 2007
Progressive Stamping & Fabricating, a division of Ohio Gasket & Shim (OGS), Akron, OH, has been registered to ISO 9001:2000. The full-service stamper now has its sights set on gaining ISO 14001 registration by the end of the year. OGS stamps parts from 0.001 to 3/8 in. thick, offers laser-cutting and arc- and resistance-welding services, and operates a complete tool-and-die shop. Learn more at
www.ogsindustries.com.
