USA machine tool orders climb

Orders for machine tools in January 2007, tracked by the US Manufacturing Technology Corporation database, ran 31% higher than in 2006, reports Metalworking Insiders' Report.

US machine tool orders climb Orders for machine tools in January 2007, tracked by the US Manufacturing Technology Corporation database, ran 31% higher than in 2006, reports Metalworking Insiders' Report.

At US$297.5 million for January 2007, USA machine tool orders were described by John Healy, president of the American Distributors' Association as an 'impressive start'.

The figures, reported Metalworking Insiders' Report, March 12, 2007, ran 31% above the same period in 2006, though were 10% below the US$329.9 million recorded in December 2006.

The current issue of Metalworking Insiders' Report includes a reports on the Chinese Dalian Machine Tool Group setting up a direct US subsidiary, DMTG North America.

Stories also include Venture Private Equity, London, UK, announcing Jones and Shipman and Holroyd Edgetek to be run as one company.

Haas has opened a new Shanghai, China, headquarters and plans more expansion in China.

There are also reports about: Ingersoll Production Systems market expansion; Sodick, Japan, setting up a 'Re-Use Center' to recover castings and metal components from defunct EDM machines; the purchase of Ellison Technologies, a machine tool distributor in Sante Fe Springs, California, by trading company Mitsui and Co and Mori Seiki Co and a number of short items including Kitagawa Iron, Gleason and Walter.

* About Metalworking Insiders' Report - Metalworking Insiders' Report is a machine tool industry related newsletter, published by Gardner Publications, Cincinnati, Ohio, USA.

The newsletter is issued by subscription only.

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