Page 6 - MetalForming-January-2019-issue
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  News Fronts
Okay Industries Receives Award from Medtronic
Okay Industries, Inc., a New Britain, CT-based engineering and contract manufacturing company, has received a 2018 Supplier Excellence Award from Medtronic, a medical- device company headquar- tered in Dublin, Ireland. Okay is one of 13 companies from Medtronic’s supply base of 48,000 to receive the award.
Best Paper Award Goes to Three Omax Engineers
Three Omax engineers received the Best Paper Award at the 24th International Con- ference on Water Jetting 2018. Dr. Axel Henning, direc- tor of research and develop- ment, along with Pete Miles and Ernst Schubert, both sen- ior mechanical engineers, col- lectively wrote the award-win- ning paper, Effects of Particle Fragmentation on Perform- ance of the Abrasive Waterjet.
The conference was host- ed by the BHR Group, a United Kingdom-based research and technology firm, and took place in Manchester, UK, in September. Omax is a Kent, WA-based provider of abrasive waterjet systems.
Business Notes
Industrial Innovations Provides Lubrication Systems to Tenneco
Industrial Innovations, Grandville, MI, announced that it has provided two lubri- cation systems to the press- room at Tenneco’s Elkhart, IN, facility, where the company
manufactures clean-air solu- tions for the automotive industry. Each system con- sists of a Pro-Mix Dual propor- tional lubricant-mixing system and Spra-Rite roll coater with Beta processor.
Red Bud Ships Slitting Line to National Material of Mexico
Red Bud Industries in Red Bud, IL, recently shipped and installed a high-speed slitting line to National Material of Mexico, a subsidiary of National Material L.P. in Mon- terrey, Mexico. The 0.250-in. by 72-in. line, is capable of processing advanced high- strength steel and other sur- face-critical material with tensile strengths to 250,000 psi.
The line incorporates Red Bud’s precision large arbor technology for slitting ultra- high-tensile materials. In addition, the system includes hands-free, pushbutton strip threading from the uncoiler to the recoiler, and rapid setup and changeover.
Coe Press Equipment Supplies Two Coil Feed Lines to Wico
Coe Press Equipment, Ster- ling Heights, MI, has delivered two new coil-processing lines with integrated coil end welders to Wico Metal Prod- ucts, Warren, MI, a provider of large stampings to automotive OEMs and Tier-One suppliers. Both of the lines are equipped to process high-strength steels.
Amada Acquires Marvel and Announces New Company
Japan-based Amada Group, a comprehensive met- alworking machine manufac-
turer, has acquired Wiscon- sin-based Marvel Manufac- turing, Inc., a metal-cutting machine manufacturer, to form Amada Marvel, Inc. Marvel’s main products are vertical tilt-frame band saws used to cut lightweight struc- tural steels used in the pro- duction of vehicles and agri- cultural machines.
IPG Photonics to Acquire Genesis Systems Group
IPG Photonics Corp., an Oxford, MA-based provider of fiber lasers and amplifiers, has signed a definitive agree- ment to acquire privately held Genesis Systems Group, a Davenport, IA-based provider of integrated robotic welding and automation solutions.
Genesis, a qualified robot- ic systems integrator for more than 300 customers in the transportation, aero- space and industrial end markets, has integrated more than 6500 robots with workcells in 43 U.S. states and 17 countries.
FlexArm Breaks Ground on Headquarters
FlexArm, a Wapakoneta, OH-based provider of tapping arms, die grinders, torque reaction arms and custom lift- ing solutions, has broken ground on its $4-million head- quarters. The facility also will house FlexCNC, a provider of CNC machines.
The 53,000-sq.-ft. facility will include R&D, engineer- ing, customer testing/runoff, manufacturing, and adminis-
tration for both FlexArm and FlexCNC product lines.
Market Outlook
Metalforming for Automotive Expected to Accelerate
The global metalforming market for automotive, pro- jected to grow at a compound annual growth rate (CAGR) of 2.83 percent from 2018 to 2025, is expected to rise from $221 billion to $269 billion, according to a study by Dublin, Ireland-based Research and Markets.
Hendrick Gains ISO 9001:2015 Certification
The Carbondale-based Hendrick group of companies, including Hendrick Manufac- turing, Hendrick Metal Prod- ucts and Hendrick Screen, have achieved ISO 9001:2015 certification.
Tower Metalworking Fluids, Chicago, IL, manufacturer of high-performance metalform- ing lubricants and metal removal coolants, has announced Scott Prince as president and COO. Prince will be responsible for the overall strategic direction and per- formance of the company. Also announced were the following appointments: Kevin McCarthy to CFO; Linda Nagel to director of finance and administration; Ria Golay to senior staff accountant; and Bill Reda, sales engineer, hired to cover the Northern/ Western Illinois territory.
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