IEN (Industrial Equipment News) is the leading resource for industrial professionals, providing product technology, trends and solutions impacting the industrial market. IEN reaches manufacturers, designers, distributors & supply chain professionals.
Issue link: http://ien.epubxp.com/i/706116
NEWS BRIEFS 6 IEN / AUGUST '16 www.ien.com Business Index Reveals Growth for PT/Motion Control Industry According to the Business Index for 1Q2016, developed by PTDA (Power Transmission Distributors of America), there is signifi cant growth in the sector. While both distributors and manufactur- ers reported growth, manufacturer growth ers reported growth, manufacturer growth for 1Q2016 remains below 50 at 46.6. Business activity indicated an increase nearly double that of the previous quarter. nearly double that of the previous quarter. Led dominantly by the distributor market, business activity in 1Q2016 increased to 48.3 from 24.6 in the previous quarter. 48.3 from 24.6 in the previous quarter. The PTDA Business Index is modeled after the widely respected Purchasing Managers Index (PMI) and tracks change in business activity, new orders, employ- ment, supplier deliveries, inventories, prices and backlog in the PT/MC indus- try to arrive at an overall index. For more information, visit www.ptda.org. Comau Receives GM Platinum Award Comau, a supplier specializing in body joining & assembly, powertrain machin- ing & assembly, ro- botics and mainte- nance, as well as advanced produc- tion systems and en- vironmental services for a wide range of industrial sectors, has been recognized for its outstanding performance with the GM Platinum Award. The award recognizes Comau's contin- uous efforts to make diversity spending a uous efforts to make diversity spending a priority in customer programs. Support- ing women and minority owned busi- nesses is a priority for the company. In addition to being a corporate member of the Michigan Minority Business Develop- ment Council (MMBDC), Comau actively attends diversity related events such as the MMPC Trade Fair, Hispanic Business Expo and the Women's Business Expo. MERGERS & ACQUISITIONS • HTI Technology, Inc. has acquired Klauber Machine & Gear, Co. on June 1, 2016. This acquisition will combine HTI Technology's expertise in AC and DC motor and drives systems with Klauber's technology and market leadership in AC and DC gear motors. • United Tool & Machine (UTM), a contract manufacturer specializing in wire EDM, CNC and manual machining, sheet metal fabrication and metal stamping, announces the acquisi- tion of HRI Precision Tool Company (HRI), located in Haverhill, MA. HRI's strong record of technical capabilities in assembly, tooling man- ufacturing and CNC machining is an exciting and bolstered addition to UTM's existing line of services, says the company. • Kistler, provider of dynamic pressure, force, torque and acceleration measurement technologies, is taking over Schatz AG in Remscheid (Germany) and its U.S. sales and service company, Schatz USA, Inc., Holly, MI. This acquisition gives the Kistler Group new potential applications in quality assurance in industrial manufacturing. The Schatz Group can now market its systems through Kistler's global sales network, giving it access to previ- ously underexploited markets. • Intelligrated , an automated material handling solutions provider, has entered an agreement to be acquired by Honeywell in a transaction valued at $1.5 billion. Honeywell employs approximately 130,000 people worldwide, generating revenues of $38.6 billion in 2015. Intelligrated's supply chain automation solu- tions are a complement to Honeywell's exten- sive workfl ow performance solutions, including cloud-connected mobile worker applications, high-performance data collection hardware and other technologies to improve worker productivity. BRECOfl ex Makes Commitment to Energy Conservation with Solar Installation BRECOfl ex CO., LLC has made a ma- jor commitment to conserve energy and reduce its carbon footprint. The company has recently completed a massive solar project by installing solar panels on the roof of its NJ headquarters and manufac- turing facility. This solar initiative is expected to re- duce emissions by more than 7,700 tons of CO2 over the guaranteed lifetime of the system and will offset electricity usage at system and will offset electricity usage at the facility by 78%. To put that in compa- rable terms, it is the equivalent of over 25,000,000 vehicle gasoline miles or 1,004 trips around the globe, or the equivalent of planting 132 acres of trees. In the fi rst month of usage alone, the solar panels generated more than 60000kWh of energy. In addition to cost savings in the long run, solar panels have a positive environ- mental impact. Solar energy does not produce air or water pollution and does not produce greenhouse gases. Furthermore, placing this solar fi eld on a very large roof area helps to protect wildlife and habitat. "As a progressive compa- ny, we are interested in whatever we can do to reduce pollution and help the environ- ment. Solar panels are a great way for us to do our part. Launching our solar system during a very sunny June has enabled us to be 100% self-suffi cient to-date self-suffi cient to-date and has even enabled us to give a sizable percentage back to the grid," says Bernie Fu- ellemann , President of BRECOfl ex CO., LLC.