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PTC Alliance Ups Shipments of Tubular Components

Wednesday, June 25, 2003
 
PTC Alliance, Moon Township, PA, a producer of tubular components, announced an increase in shipments for the first quarter of 2003, in contrast to general performance within the industry, according to company officials. “Tube and tubular component shipments in the first quarter rose 2.5 percent over the same period last year,” said Peter Whiting, PTC Alliance president and CEO. “This positive performance occurred despite a slow start to the year caused by such factors as high steel prices, high energy costs and delayed price increases.” In addition, company sales and profits for March and April reportedly have improved significantly over last year’s numbers. To continue its upward surge, the company has undertaken a number of key initiatives including the reopening of a cold-draw plant in Hopkinsville, KY. For more, visit www.ptcalliance.com.

PMC Electronics Changes Name to Sieb & Meyer

Wednesday, June 25, 2003
 
Effective June 30, PMC Electronics, Inc., Cincinnati, OH, will change its name to Sieb & Meyer America, Inc. The supplier of CNC-machine-tool controls was acquired by Sieb & Meyer AG of Germany, a supplier of industrial electronics, in 1996. With the name change, the company welcomes a new president, Axel Schroeter, who will maintain his office at Sieb & Meyer in Lüneburg, Germany. For more, visit www.sieb-meyerusa.com.

Genmak Steel Purchases
Second Red Bud Blanking Line

Tuesday, June 24, 2003
 
Genmak Steel LLC, Sharon, PA, has purchased a second high-speed Multi-Cut blanking line from Red Bud Industries, Red Bud, IL. The steel service center purchased the second line to process close-tolerance light-gauge blanks for production of very accurate parts as thick as 0.250 in. The 72-in.-wide line can process material to 0.250 in. thick and consists of a 60,000-lb.-capacity reel and coil lift, peeler breaker, combination backed-up straightener/corrective leveler, heavy-gauge servo grip feed, expandable arbor slitter, variable rake shear and a combination drop/strip/air-flotation stacker with powered discharge conveyors.

 

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