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TRUMPF Announces SPI Lasers Partnership

Tuesday, November 21, 2017

TRUMPF, Farmington, Conn., announced a limited sales partnership with SPI Lasers in order to provide TRUMPF customers with laser-material processing solutions across select North American market segments. SPI Lasers products are said to offer cost-optimized solutions due to flexible levels of integration for customers who do not need the full range of features available with TruControl, and TRUMPF’s other enabling technologies.

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Industrial Fabricators Installs Flexible Cut-To-Length Line

Monday, November 20, 2017

Industrial Fabricators, Inc., Westerville, OH, a supplier of carbon steel, aluminum, and stainless metal fabrications and flat-rolled processing and metal distribution services has installed a 72-in x ½-in. Braner/Loopco Stretch Leveling Cut-to-Length Line in its 700,000 square feet Gastonia, NC, facility. The line has the ability to convert carbon steel, aluminum, and stainless coil in gauges from .060 in. (1.52mm) through .500 in. (12.7mm) with mechanical properties ranging to 125,000-psi (862 MPa) into high-quality memory-free sheet and plate products.

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Study Predicts Record High for Automotive Tooling Expenditures, Followed by Dip

Friday, November 17, 2017
Harbour Results, Inc. (HRI), Southfield, MI, a consulting firm for the manufacturing industry, predicts 2018 automotive vendor tooling spend to reach a record high of $11 billion. The prediction is a result the firm’s in-depth study on the current state of the automotive vendor tooling industry, which reports that the key factor driving increased tooling spend is the 177 North American vehicle launches predicted between 2018 and 2020, with 66 percent of these launches to be sport utility vehicles and truck platforms, which require more tooling to manufacturer than car platforms.

“In 2017, we are estimating tooling spend to be approximately $9 billion, which has resulted in high capacity utilization among tool shops - 88 percent for die shops and 81 percent for mold shops,” says Laurie Harbour, HRI president and CEO. “This created a new tooling model of outsourcing. In fact, $1 billion to $1.5 billion in tooling was outsourced this year to help manage the growing demand. We can only expect this trend to grow in 2018.”

Yet, what goes up often comes down: HRI projects a drop of 40 percent in tooling spend from the high of $11 billion in 2018 to approximately $6.7 billion in 2020.

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