MAPI quarterly
report: Risks to global growth increase as U.S. economy stumbles and key
countries slow
Dollar decline, U.S. export growth will continue
Monday, January 28, 2008; Mounting concerns over the U.S. economic
outlook, along with evidence of slowing in other key countries, suggest
that 2008 will be a volatile and uncertain year for the global economy,
according to a new report.
In the MAPI Quarterly Forecast of U.S. Exports,
Global Growth, and the Dollar: First Quarter 2008 Through Fourth Quarter
2009 (ER-647e), economist Cliff Waldman observes that recent housing,
manufacturing, and job growth data, which indicate that the U.S. economy
may have lapsed into a recession, along with the continued crisis in
global credit markets, record high oil prices, and emerging global
inflation, all loom as risks to the world economy.
“U.S. weakness has a negative impact on the export
prospects of many key countries that depend on external demand for
growth,” Waldman said.
At present, exports may, however, provide a bit of
good news for the United States. During 2008 the positive impact of
dollar depreciation is expected to partially offset the negative impact
of slower growth. The report projects a rise in the annual growth of
total U.S. goods and services exports, from 7.7 percent during 2007 to
8.7 percent during 2008, and to 9.2 percent in 2009.
Growth in non-U.S. industrialized countries, which
include Canada, the Eurozone (plus Denmark, the United Kingdom, and
Sweden), and Japan, is expected to slow from 2.4 percent on a compound
annualized basis during the fourth quarter of 2007 to 2.2 percent during
the first quarter of 2008 and then 1.9 percent for the balance of 2008.
Subsequently, catalyzed by an expected improvement in the U.S. economic
outlook, non-U.S. industrialized country growth is projected to
accelerate to 2.0 percent for the first half of 2009 and then to 2.2
percent during the second half.
Due to expected slowdowns in China, India, and
Mexico, cumulative developing country growth is expected to slow from an
estimated 5.4 percent during the fourth quarter of 2007 and first half
of 2008 to 5.3 percent during the second half of 2008. Further declines
are anticipated in 2009, with growth slowing to 5.2 percent in the first
half, 5.1 percent during the third quarter of 2009, and then 5.0 percent
during the fourth quarter of 2009.
MAPI predicts that the dollar adjustment will likely
continue throughout 2008.
Report author Waldman predicts that the dollar will
decline by 8 percent on a compound annual basis against the currencies
of industrialized trading partners during the first quarter of 2008 and
then by 5 percent during each of the subsequent three quarters.
Against the currencies of the developing countries,
MAPI forecasts a decline of 6 percent during the first quarter of 2008,
10 percent during each of the middle two quarters, and then 5 percent
during the fourth quarter.
“U.S. economic troubles and a rebalancing of global
current accounts will place downward pressure on the dollar throughout
2008,” Waldman said.
For more information, visit the Web site:
www.mapi.net.
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PROTOTYP – NEW thread mill
catalog
PROTOTYP announces a new Threading Tools ANSI & DIN range catalog. The
272 page catalog covers the entire ANSI threading program and solid
carbide thread mill range along with a selection of Prototyp’s most
popular DIN items. The catalog has been completely restructured to
provide the user the utmost of ease in selecting the right product.
The PROTOTYP Threading Tools ANSI & DIN Range catalog
part# 5CP0003US can be ordered through our Customer Service Dept. at
1-800-945-5554.
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Miller offers rebates
on select Millermatic MIG welders/Spoolmate spool gun purchases
Offer runs from January 15 through April 15, 2008
Miller Electric Mfg. Co. is offering
rebates of up to $150 to customers who purchase select Millermatic
all-in-one MIG welders and Spoolmate spool guns between January 15 and
April 15, 2008. The promotion is designed to call attention to new,
affordable aluminum welding solutions, such as the Miller Spoolmate 100
Series and Spoolmate 3035 spool guns, and new Millermatic Passport Plus
and Millermatic 180 with Auto-Set MIG welders. Complete rebate details
can be found at your local welding distributor or by visiting
MillerWelds.com/rebate.
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Rubbermaid
Commercial Products named vendor of the year
Rubbermaid Commercial Products (RCP), the leader in durable facility
maintenance solutions, recently received recognition as Vendor of the
Year by Paper Products Company, Inc. of Pittsburgh, Pennsylvania.
A leading distributor of paper and janitorial
products, Paper Product Company’s vice president, Doug Townshend,
credited Rubbermaid’s hands-on sales support, product innovation,
product training programs, market strategy and true partnership values
as the factors that led to their selection of RCP as their 2007 Vendor
of the Year.
“What started as a simple planning meeting in 2006
has developed into a collaborative partnership that not many
manufacturers have the opportunity to experience. Receiving the Vendor
of the Year recognition is an honor,” said Jason Cianciolo, Mid-Atlantic
regional sales manager for Rubbermaid Commercial Products. “This award
is a great indication of what we are doing right in the field and we
look forward to our continued success together.”
About Paper Products Company, Inc.: Founded in
1913, Paper Products Company, Inc. is an independent, family-owned
wholesale paper distributor servicing the industrial packaging, sanitary
maintenance and institutional foodservice market.
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New ARC advisory report
examines oil and gas industry trends; highlights strategies to improve
business performance
A new report from ARC Advisory Group examines the oil and gas industry,
focusing on strategies needed to improve reliability, flexibility,
agility, uptime and machine safety. Titled “Rockwell Automation Builds a
Business Value Proposition for the Oil and Gas Industry,” the report
summarizes the technology necessary to produce tangible business value.
The report targets major trends within the oil and gas industry
including those related to remote operations, supply-chain integration,
space conservation and energy efficiency. ARC cites that real business
value propositions in the oil and gas industry fall into three
fundamental areas: increased flexibility and agility, enhanced safety,
and increased reliability and data availability.
A free copy of the report is available at
http://www.rockwellautomation.com/industries/oilgas/.
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ASSE
webinar on January 16 focuses on working with the NFPA
In an effort to provide real-time educational tools for safety
professionals, the American Society of Safety Engineers (ASSE) will be
host to two technical webinars.
The first, titled “Working with the
National Fire Protection Association (NFPA) 101 Life Safety Code,” will
be held on January 16 from 11:00 AM – 12:30 PM CST. The second, on
February 27 at 11:00 AM – 12:30 PM CST is, “Lean Six Sigma - Innovative
Safety Management.”
A special two-part webinar titled
“The Coming Workplace Shortage Crisis: Exploring the Future of Workers’
Compensation” will take place on January 30 and again on February 6 from
11:00 AM – 12:00 PM CST.
To register, go to
www.asse.org or
contact the ASSE Customer Service Department at 847-699-2929.
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Rubbermaid
Commercial Products employees reach three million hours without a
lost-time injury
The employees of Rubbermaid Commercial Products (RCP) in Winchester,
Virginia, have reached a new three million hour safety milestone.
According to Trevor Rohlf, safety manager for Rubbermaid Commercial
Products, the significance of the three million hour milestone cannot be
overstated. “Achieving three million employee hours without experiencing
a lost-time injury is a huge accomplishment and of great significance to
our employees and their families,” explained Rohlf. “We’ll enjoy
celebrating this achievement.”
“Achieving a milestone of this
magnitude is a reflection of our leadership and employee commitment to
safety,” said Jeff Bahr, vice president of human resources for
Rubbermaid Commercial Products. “It shows that RCP employees take pride
in their work and know how to work smarter, by working safer, and that
RCP is a good place to work.”
For details, visit
www.rcpworksmarter.com.
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Trucktruth.com
announces FleetSmart seminar on February 15, 2008
Event created to inform material handling equipment owners of the
advantages of fleet management
Trucktruth.com, an online resource
for lift truck manufacturers, buyers, operators and dealers, announces
FleetSmart Seminar 2008. The invitation-only event, which will be held
on Feb. 15, 2008 in Rosemont, Ill., was created to educate material
handling equipment owners and inform them of proper fleet management
practices. The seminar will focus mainly on opportunities to reduce
operating expenses and improve productivity in material handling
operations.
Several experts in fleet management,
telemetry and RFID will lead the free seminar, which will cover the
basic principles of fleet management, a review of aftermarket
technologies, fleet management system reporting capabilities and
technology-based products to further minimize cost of operations.
Attendees will also have the opportunity to view several products with
advanced technology and speak one-on-one with fleet management
professionals.
Another topic that will be discussed
at the seminar is the Hyster “Power by the Hour” concept. The Hyster
fleet management program offers a fixed “per hour” charge for services,
as opposed to a blanket cost that can lead to unnecessary maintenance
and charges. This affordable program also offers Web-based access, pager
technology, e-mail service reminders, online reports and other features
to help effectively operate and maintain material handling equipment.
Rosemont marks the first of many
FleetSmart Seminar dates stretching into 2008, with stops tentatively
scheduled for Boston, Los Angeles, Baltimore and Atlanta. Specific
information for each location will be announced as it becomes available.
To learn more about the events, visit
trucktruth.com.
Trucktruth.com has information on effective fleet management, as well as
articles, white papers and extensive data for anyone looking to optimize
their lift truck investment.
To submit news, questions or
information, please contact the editor of
trucktruth.com
by phone at 919-945-0533 or by e-mail at
editor@trucktruth.com.
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Mayhew to
acquire Ken-Tool OldForge and Carica lines
Mayhew Steel Products and Ken-Tool announce that Mayhew will acquire
Ken-Tool’s OldForge and Carica product lines within the next few weeks.
The transaction includes Ken-Tool’s manufacturing facility in New
Wilmington, PA, plus trademark rights to the Oldforge and Carica brands
and all products currently being manufactured and marketed by Ken-Tool
under those brands. The Oldforge product line consists of pneumatic
accessories and specialty tools and the Carica product line consists of
telescoping and unique specialty tools.
Established in 1856, Mayhew Tools is
the world’s leading manufacturer of professional quality punches,
chisels, pry bars and specialty automotive tools. With facilities in
Turners Falls and Shelburne Falls, MA, Mayhew Tools is a key OEM and
Distributor supplier to the Automotive, Industrial, Construction and
Hardware Markets. Bill Fletcher, Vice President Sales & Marketing said,
“This is an outstanding opportunity for Mayhew to both expand our
product offering to our established account base and to introduce the
complete line of Mayhew Tools to a host of new accounts.”
Ken-Tool is the world’s leading
manufacturer of hand tools for tire service. Headquartered in Akron,
Ohio, Ken-Tool has been providing the tire industry and automotive
aftermarket with quality products for over 85 years.
For more information, visit
www.mayhew.com.
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Surplustrack.com offers online market for surplus equipment
SurplusTrack.com has launched version 3.0 of its online industrial
exchange community, which helps businesses buy and sell surplus
industrial inventory and equipment. The improvements to the Web site (www.SurplusTrack.com)
include a completely redesigned user interface, more robust search
capabilities powered by Google, and PayPal online payment technology.
SurplusTrack.com provides a
cost-effective medium through which companies possessing excess supply
and non-performing inventory can globally and virtually connect with
industrial and commercial trading partners. The concept has resonated
within the industry. SurplusTrack.com tripled its revenue in the past
year and plans to continue adding to its staff of professionals. The
company is a division of Ann Arbor, Mich.-based supply chain solutions
provider SmartMRO.
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SME streaming video offered free and
on demand
METV, The Society of Manufacturing Engineers’ Web streaming video
channel now webcasts two complete video programs online each month for
free and on demand.
Each month's METV offerings
correspond with the topics covered in SME’s Manufacturing Engineering
magazine and can be viewed at
www.manufacturingengineering.tv.
METV's 2008 Lineup
|
January:
Cutting Tool Materials
Deburring Processes |
|
February:
Metalcutting Fluids
Threading Basics |
March:
Composite Materials & Manufacturing
Powder Metallurgy |
|
April:
Rapid Prototyping
Casting
|
|
May:
Introduction to Workholding
Plastics Machining & Assembly |
|
June:
Computer Numerical Control
Fastening & Assembly
|
July:
Gears & Gear Manufacturing
Electrical Discharge Machining
|
|
August:
Milling & Machining Center Basics
Brazing & Soldering |
|
September:
Hydroforming
Tube Bending
|
|
October:
Turning & Lathe Basics
Welding |
November:
Sheet Metal Shearing and Bending
Sheet Metal Coil Processing |
|
December:
Plastic Injection Molding
Plastics Finishing |
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ASSE 2008 Conference is set for June 9-12 in Las Vegas
The American Society of Safety Engineers’ (ASSE) Professional
Development Conference (PDC) and Exposition, Safety 2008, featuring more
than 200 educational sessions, key speakers, safety issue roundtables,
an executive summit and additional learning opportunities, will be held
June 9-12, 2008, at the Las Vegas Convention Center.
The sessions at Safety 2008 will feature presentations on organization
successes, the latest safety methodologies and provide business examples
and strategies aimed at increasing job safety that attendees can apply
immediately in their workplace. Sessions, presented by experts in their
field, will include topics on safety management, healthcare, emergency
response, fire protection, ergonomics, international safety and health,
regulatory issues, construction, mining and technical and engineering
standards.
In addition, Safety 2008 will feature key issue roundtables enabling
interactive discussions for attendees on a variety of topics. Also, a
panel of corporate leaders will discuss their views on the importance of
employee safety and health, business expectations and the safety and
health function from a corporate perspective during the executive
summit.
Registration information for Safety 2008 can be found at
http://www.safety2008.org or by contacting ASSE customer service at
847-699-2929.
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Kepware names Software Toolbox as their Wonderware "Center of
Excellence"
PORTLAND, ME-- December 30, 2007 - Kepware, the world leader in
communication software for automation, announces expansion of their
relationship with long standing partner Software Toolbox, the world
leader in 3rd party add-in software for Wonderware products, by naming
Software Toolbox as their official "Center of Excellence" for supporting
and promoting the use of Kepware OPC technology and native interfaces
with Wonderware products. Software Toolbox has marketed and supported
the TOP (Toolbox OPC Power) Server OPC & I/O Server, a branded version
of the KEPServerEX, to their global customer base, with a specific focus
on Wonderware distribution channels, users, integrators and OEMs. The
"Center of Excellence" endorsement is designed to clearly let the market
know how Kepware and Software Toolbox serve users of Wonderware with
Kepware's OPC technology and Software Toolbox's Wonderware focused
expertise and support. To prevent confusion of TOP Server and
KEPServerEX as competing solutions, the TOP Server branding will now
include the tagline "Powered by Kepware."
The TOP Server OPC & I/O Server incorporates the latest generation of
Kepware's OPC server technology and allows users to quickly setup
communications from equipment to control systems using a wide range of
available "plug-in" device drivers and components. Software Toolbox has
marketed and provided technical support for Kepware Technologies
products since 1996, forming a partnership with Kepware in 2001, and
creating the TOP Server brand to grow the presence of Kepware's
technology in the Wonderware space. Software Toolbox, working with the
global Wonderware distribution channel, has installed thousands of
licenses with Wonderware InTouch, InSQL/Historian, and System
Platform/Application Server, including major Wonderware users such as
SAB Miller, Campbell Soup, Chevron/Texaco, Dow, and more. Software
Toolbox's support of Wonderware includes application notes, videos,
training, and a technical support team focused on the application of
Kepware products with Wonderware software products.
Go to
http://www.kepware.com
for more information.
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Vaughan Mfg. Co. appoints 5th generation as President
Hebron, IL – The Board of Directors of Vaughan & Bushnell Mfg. Co. have
appointed Charles Vaughan as President/COO, effective January 1.
Charlie, 36, is 5th generation Vaughan to be named president. Howard A.
Vaughan Jr., president of Vaughan for over 40 years, will remain
Chairman/CEO.
Founded in 1869, Vaughan & Bushnell has grown from a small maker of hand
tools to one of the largest producers of quality hammers and other hand
tools. Vaughan products are distributed worldwide to a variety of
markets covering both the professional trades person and the D-I-Y user.
For more information contact Vaughan Manufacturing Company, P.O. Box 390
Hebron, IL 60034-0390 or via email at
info@vaughanmfg.com. For
additional information on Vaughan & Bushnell Manufacturing Co. visit
www.vaughanmfg.com.
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