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Hot Off the Press


Olson Int. to Add 600-ton Straightside Press

Friday, August 6, 2004
Olson International, Ltd., Lombard, IL, is adding a new 600-ton straightside press, allowing to serve industry needs for larger parts, according to company officials. The press is scheduled to go online in September. Currently, Olsen’s largest press is 400 tons with a 120-in. bed size—three of these at the Lombard plant. “The future is in doing more value-added in the dies and offering a more cost-effective product and service to our customer,” says Time Gleason, Olson president. “(With larger presses,) we are able to consolidate tapping, staking and riveting operations into the progressive die, providing a driver to cost savings on high-volume products.” In addition, reports Gleason, Olson hopes to expand its core competencies to more comprehensive parts that require larger press tonnage and bed size.

New Roof-Stampings Plant on the in Kentucky

Thursday, August 5, 2004
Automotive aftermarket company Webasto Product North America (WPNA) will invest $14 million in a new stamping plant scheduled to open later this year in Murray, KY, according to a recent article in Automotive Industries, for production of roof stampings for Ford and GM. WPNA, with a new headquarters and technical center in Fenton, MI, is a subsidiary of Webasto AG, Stockdorf, Germany. This year, WPNA, a leading supplier of open-roof systems, celebrates its 30-yr. anniversary of doing business in North America.

U.S. Steel Imports Highest Since Early 2002

Wednesday, August 4, 2004
According to the U.S. Commerce Department, U.S. steel imports totaled 2.9 million metric tons (mts) in June 2004, up from 2.3 million mts in May. June tonnage includes 2.3 million mts of finished steel, up 14 percent over May imports. For the first six months of the year, total imports are up 30 percent over last year and finished-steel imports are up 27 percent.


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