Page 10 - MetalForming-Oct-2018-issue

News Fronts
Market Outlook
now automakers are focused on launch- ing the vehicles they built tools for in 2016 and 2017.
Awards
150-plus employees and global sales pri- marily in the defense, nuclear and indus- trial sectors.
Automotive Tooling Study Shows Slow First Half of 2018; Indicators Point to Busy Second Half
Destaco Earns 2018 Outstanding Workholding & Automation Award
Results of the Q2 2018 Automotive Tooling Barometer by The Original Equip- ment Suppliers Association, Troy, MI, and Harbour Results, Inc. (HRI), a market- research firm in Southfield, MI, show that the tooling industry experienced a slower- than-predicted first half of 2018 with a significant amount of business pushed to the second half.
Hutchinson Manufacturing President Receives
Lifetime Achievement Award
Destaco, Auburn Hills, MI, has been awarded the 2018 Outstanding Work- holding & Automation Equipment Suppli- ers Award in the automotive industry. The award was presented at the Global Automotive Industry 4.0 Summit 2018, which took place this summer in Shang- hai, China.
“Our original forecast called for 2018 North American vendor tooling spend to be $11 billion, however, due to a number of factors including shifted or cancelled product launches, we now are expecting it to be closer to $8.5 or 9 billion, with the remaining $2 billion shifting to 2019,” says Laurie Harbour, president and CEO of HRI. “We saw a record year in 2017 with tooling spend just over $10 billion and
Hutchinson Manufacturing, a Hutchin- son, MN-based provider of fabrication, machining and manufacturing process- es, has announced that its president, Tom Daggett, received the 2018 Made in Minnesota Manufacturing Awards Life- time Achievement Award from Minnesota Business magazine, during a ceremony in Minneapolis. Daggett was born into the manufacturing business—literally. His parents Bud and Doris Daggett started Hutchinson Manufacturing and Sales Inc. in 1953, the year Daggett was born. Today, Hutchinson Manufacturing is a multimillion-dollar company with 100,000 sq. ft. of manufacturing space,
“Our associates around the world continually strive to influence the devel- opment of the manufacturing sector by advancing our customers’ automation capabilities,” says Byron J. Paul, presi- dent of Destaco. “We are incredibly hon- ored to receive this recognition of our efforts.”
Specifically, Destaco was recognized for its ability to help manufacturers improve precision and productivity.
8 MetalForming/October 2018
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