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Visteon Continues to Pare Down its Supplier List

Wednesday, August 25, 2004
 
In 2001, Visteon Corp., Traverse City, MI, had 2500 suppliers. Today it has fewer than 1500, and soon it will have 900, according to a recent article in Crain’s Detroit Business. Its North American purchasing chief, quoted in the article, says that the firm will use a cost-target approach with key suppliers, rather than auctioning for the lowest price. It will set specific price targets on components and work with suppliers to meet those prices.

India Gets its First Laser Center

Wednesday, August 25, 2004
 
GSI Lumonics Inc., Farmington Hills, MI, and its distributor, Optilase, have opened India’s first laser-processing development center in the province of Chennai. The facilities house GSI Lumonics’ JK series of Nd:YAG lasers with five-axis motion systems. The facility, called Laserline Fabrication, allows for the testing and development of welding, cutting and drilling applications. Learn more at www.gsilumonics.com.

Machine-Tool Sales Surging

Tuesday, August 24, 2004
 
June U.S. machine-tool consumption totaled $236.93 million, according to AMT—The Association for Manufacturing Technology and AMTDA, the American Machine Tool Distributors’ Association, a 19.5 percent bump from May sales. With a first-half total of $1,249.68 million, 2004 sales are up 31.9 percent over 2003 sales. Learn more at www.amtonline.org.

 

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