Page 8 - MetalForming July 2011

News Fronts
Business Notes
Turned Away by its Lender, Metalformer Finds a New Funding Source
Thiel Tool & Engineering, a woman-owned metalforming company in St. Louis, MO, received $3.2 million in financing as part of the New Markets Tax Credit (NMTC) program. The federal pro- gram is designed to “spur new or increased invest- ments into operating busi- nesses and real-estate proj- ects located in low-income communities.” Thiel received the financing from BizCapital, the business-lending division of Advantage Capital Part- ners, after having been turned away by its existing lender. The metalformer recently completed a
30,000-sq.-ft. addition to its 70,000-sq.-ft. plant. It employs 50 people, and serves the automotive, trans- portation and construction markets. The NMTC program is set to expire in 2011.
Internet
Lubrizol Launches Informational Website
The Lubrizol Corp., Cleve- land, OH, a specialty chemi- cal company providing lubri- cant additives for a host of applications and industries, has launched Metalforming- Facts.com, an educational website for the metalforming industry. It’s aimed at “help- ing formulators and fabrica- tors optimize forming fluids for increased productivity,” says Joe Purnhagen, the
firm’s global commercial manager of metal processing additives.
New Website a Resource for Specialty Coatings and More
Visit the newly developed website of Daubert Chemical to learn all there is to know about the firm’s corrosion- preventive chemicals, adhe- sives, sealants and specialty coatings. A new industry-tab feature allows users to explore specific products and learn how they might fit into their manufacturing processes. Website: www.daubertchemical.com.
Bunting Launches Attractive Website
Bunting Magnetics, New- ton, KS, has launched a new website flush with features
designed to make magnet purchases quick and simple. BuyMagnets.com offers live order status and instant updates on available invento- ry, as well as an expanded line of magnetic products for metalformers.
Visit the site to spec and order permanent magnets and holding assembles in hundreds of shapes and sizes, as well as magnetic tools for workholding, lifting and plant maintenance.
Facilities
Hydrapower Production Line to Star in
New Pole Plant
KW Industries, Sugar Land, TX, announced plans to build a new lighting-pole manufacturing plant outfitted
WELD FUME CONTROL
Improved air quality. Doesn’t everybody want that?
AR11-39 © The Lincoln Electric Co. All Rights Reserved. 
    
   
6 MetalForming/July 2011
www.metalformingmagazine.com