Hot Off the Press
Two Ohio Firms Show Interest
in Taking Over Chrysler Stamping Plant
Monday, June 01, 2009
The Chrysler stamping plant in Twinsburg, OH, expected to close as part of the firm’s restructuring, has two possible suitors, according to a recent article in The Plain Dealer
: Columbus, OH-based Q3 industries, and Cleveland, OH-based Park Corp. Q3 (www.q3inds.com
) operates facilities in Columbus and Urbana, OH, High Point, NC, and Silao, Guanajuato, Mexico. Q3 Stamped Metal, in Columbus, was previously the operations of Superior Tool & Die.
Park Corp. (www.parkcorp.com
) is a multibillion-dollar group of businesses that manufacture machines and components for the steel and energy-related industries, as well as the metalworking and mining industries. Its founder, Raymond Park, is credited with forming American Axle & Manufacturing in the early 1990s.
China's Cost Advantage Just Six Percent Over the U.S.
Thursday, May 28, 2009
According to a study just released by consulting firm AlixPartners, China’s total manufacturing costs are now just six percent below those of U.S. factories. The firm’s Manufacturing-Outsourcing Cost Index analyzed the total costs for manufacturing an array of manufactured components and assemblies, such as small motors and die castings, in China, India, Brazil, Mexico and the United States. It tracked costs over a 3-yr. span for labor, overhead, transportation, and raw materials, and also accounted for changing exchange rates. The index showed major shifts in costs over the last 6 months that pushed China down the rankings. The new low-cost provider: Mexico, followed by India and then China.
Manchester Tool & Die Takes on
Tube-Forming Equipment Line
Wednesday, May 27, 2009
Aristo Machines, Inc., Indianapolis, IN, has partnered with Manchester Tool & Die, Inc. (MTD), North Manchester, IN, to allow MTD to manufacture, install and provide customer support for Aristo’s line of tube end-forming equipment. Aristo supplies the automotive and truck market, as well as the construction, HVAC, plumbing and other markets; www.aristomachines.com
. MTD is online at www.manchestertoolanddie.com