Hot Off the Press

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Texas College First to Earn NIMS Accreditation

South Texas College, McCallen, TX, and its Precision Manufacturing Technology (PMT) Program, has become the first college in Texas to earn the National Institute of Metalworking Skills (NIMS) accreditation. Students with NIMS credentials upon graduation typically have higher earning potential and a competitive advantage in the workplace, said Ed Hausbeck, chair of the program at the college. Learn more about South Texas College at www.southtexascollege.edu.

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Texas Sheetmetal Fabricator
Announces Recapitalization

Private equity firm TGF Management Corp., Austin, TX, has invested in M&M Manufacturing Co., Fort Worth, TX, and partnered with M&M’s existing ownership to support M&M’s continued growth and geographic expansion. The firm is a fabricator of custom sheetmetal products, serving primarily the air-distribution and ventilation market. It’s online at www.mmmfg.com.

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Three-Month Winning Streak of New Orders
for Manufactured Goods Ended in May

New orders for manufactured goods in May, down following three consecutive monthly increases, decreased $2.1 billion or 0.5 percent to $416.9 billion, the U.S. Census Bureau reported last week. This followed a 0.5 percent April increase. May shipments, however, also up three consecutive months, increased $4.3 billion or 1.0 percent to $417.8 billion. This followed a 1.0 percent April increase. Unfilled orders, up 24 of the 25 months, increased $6.3 billion or 0.9 percent to $725.7 billion. This was at the highest level since the series was first stated on a NAICS basis in 1992, and followed a 1.9 percent April increase. The unfilled orders-to-shipments ratio was 4.86, up from 4.85 in April. And, inventories, up 14 of the last 15 months, increased $1.7 billion or 0.3 percent to $515.0 billion. This was at the highest level since the series began and followed a 0.4 percent April increase. The inventories-to-shipments ratio was 1.23, down from 1.24 in April.

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