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Hot Off the Press


Chicago Slitter Installs Line at Egyptian Distributor

Monday, July 28, 2003
Chicago Slitter, Itasca, IL, has installed a slitting system at Egyptian steel distributor Magd Steel. The 72-in. 50,000-lb.-coil-capacity line enables Magd Steel to process and distribute 301, 302, 304 and 316 stainless steel in thicknesses to 0.187 in. Line features include power tooling lock-up, in which a hydraulically powered mechanism locks slitter-head tooling in seconds while eliminating the need for wrenches, jet nuts and grease guns; a roll-only tension stand that eliminates surface damage and other problems associated with drag pads; and quick-tension roll interchange for oily and dry material surfaces. For more, visit

Feed Lease Feeds Two More Lines
to Fayette Tool and Engineering

Friday, July 25, 2003
Fayette Tool and Engineering, Inc., Connersville, IN, recently took delivery of two Feed Lease Corp. (Rochester Hills, MI) coil-feeding lines, bringing the number of Feed Lease-supplied lines at Fayette to six. The two new identical lines each consist of a servo roll feed with a pull-through five-roll straightener, which reduces the space normally required for powered straighteners. The servo feed features crodon-surfaced feed rolls, sealed-for-life double-row ball bearings and dual pneumatic cylinders for roll lift and pilot release. The feeder mounts on an adjustable-height cabinet with a four-roll curve section, remote jog pendant and adjustable edge guides. The 10,000-lb.-capacity powered coil reel is includes hydraulic expansion, ultrasonic loop control and optional full-radius mandrel caps for use with lighter-gauge materials. For more on Feed Lease coil-feed products, visit

PennEngineering Forms
Fastening Products and Equipment Group

Friday, July 25, 2003
PennEngineering, Danboro, PA, has formed PennEngineering Fastening Technologies, unifying the parent company’s fastener and equipment brands and resources under one operating group. The new organization develops and manufactures PEM self-clinching and broaching fasteners; SI inserts for plastics; and Atlas SpinTite, MaxTite and Plus+Tite blind threaded inserts. Fastener-installation equipment offered by the group includes PEMserter automatic and manual precision presses, the StickScrew system for small-screw insertion, and equipment for in-die and robotic applications.


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