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Hot Off the Press
Service Center Goes Green
Wednesday, July 27, 2011
Almetals, Inc., Wixom, MI, a specialty-metals slitter and distributor to stampers, rollformers and the like, has installed a solar-panel system that will supply some 20 percent of its energy requirements. The system comprises 74 Suntech 270-W poly-crystalline solar panels; www.suntech-power.com. Almetals is online at
www.almetals.com.
Stripmatic Products on the Move
Wednesday, July 27, 2011
Metalformer Stripmatic Products Inc., a precision metal stamper specializing in the manufacture of bushings, anchor pins, dowel pins, spacers, sleeves and custom parts for the automotive and heavy truck markets, has moved to a new facility in Cleveland, OH. The new location allows the firm to expand its production footprint by 30 percent and offers the flexibility to lease additional space as needed. “We are anxious to take advantage of a large, open-floor plant layout and upgrade crane capacities to improve workflow efficiencies,” says president, Bill Adler. Coming soon: An open house for customers, suppliers and stakeholders;
www.stripmatic.com.
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.
