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Hot Off the Press
Equipment Finance Activity Ticking Up
Monday, July 25, 2011
The Equipment Leasing and Finance Association (ELFA), Washington, D.C., has released its 2011 Survey of Equipment Finance Activity (SEFA), finding that new business volume jumped by 3.9 percent in 2010, following a 30.3 percent decline in 2009. “More recent data collected in the first two quarters of 2011 suggests the trend toward an improved equipment finance industry is continuing,” says ELFA president and CEO William G. Sutton.
Among the survey’s findings: New business volume reported by ELFA member companies of equipment financing for the metal and machinery industry remained flat at 4.3 percent from 2009 to 2010, and new business volume financed for machine tools increased from 1.8 percent in 2009 to 2.0 percent in 2010. Download a free summary of the survey’s key findings at www.elfaonline.org/sefa
Stamper Inaugurates Student-Intern Program
Monday, July 25, 2011
The McGregor Metalworking Companies, Springfield, OH, is addressing a skills gap in its region by developing an internship program with Springfield High School and its newly expanded STEM (science, technology, engineering and mathematics) curriculum. The school has 320 students enrolled in its STEM Academy, five of which have been placed as interns at McGregor in various areas of the business, including operations and engineering program management and economic analysis. McGregor Metalworking Companies is a contract manufacturer performing metal stamping, machining, robotic welding and more; www.mcgregormetal.com
Stamper Shows Growth
in Advanced Battery Market
Friday, July 22, 2011
Kramski North America, Inc., Largo, FL, has installed new capital equipment to support its growth in the lithium-ion battery market. The firm added an injection-molding machine (an Arburg 420C Allrounder) to produce cases, covers and buttons for battery packs used in the medical industry. It also is stamping the BeCu terminals, assembling the battery packs, and is charging, testing and barcoding each finished assembly.
Kramski also recently installed a new assembly area for production of lithium-ion battery systems for Lithionics Battery products used in automotive engines, golf carts and other vehicles. More at www.kramski.com