June 2011 News
Applied adds 2,500 products to catalog
Applied Industrial Technologies announced publication of its 2011 / 2012 Applied Product Catalog with nearly 2,500 new products.
Central Atlantic manufacturing picks up
Manufacturing activity in the central Atlantic region firmed somewhat in June after stalling in May, according to the Richmond Fed's latest survey.
Durable goods orders rise
New orders for manufactured durable goods increased 1.9 percent in May to $195.6 billion.
Texas factory activity rises at slower pace
Texas factory activity expanded in June, according to business executives responding to the Texas Manufacturing Outlook Survey.
Chicago Fed: Midwest Manufacturing Index up in May
The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 0.6% in May, to a seasonally adjusted level of 84.0.
Chicago Fed National Activity Index increases
Led by improvements in production-related indicators, the Chicago Fed National Activity Index increased to –0.37 in May from –0.56 in April.
Equipment leasing activity up
An index of economic activity for the $521 billion equipment finance sector showed business volume for May was up 30 percent from last year.
NewAge Industries cuts costs with solar system
NewAge Industries recently installed a one megawatt rooftop solar panel system, the sixth largest in all of Pennsylvania.
BDI opens Dallas branch
BDI announced the opening of a new Dallas branch at 2018 Wall St., Suite 500, Garland, Texas.
Tompkins finalizes Can-Am Hydraulic merger
Hydraulic tube fitting and adapter supplier Tompkins Industries Inc., headquartered in Olathe, Kansas, announced the finalization of a merger with Can-Am Hydraulic.
ITW revenues up 18%
Illinois Tool Works Inc. reported total operating revenue increased 18 percent for the quarter compared to the year-ago period.
Industrial production edges up
Industrial production edged up 0.1 percent in May, the second consecutive month with little or no gain.
Construction jobs still lag
Construction employment growth remained sluggish and uneven in May according to an analysis by the Associated General Contractors of America.
PTDA: Four consecutive quarters of growth
The Power Transmission Distributors Association (PTDA) Business Index indicated that the first quarter was the fourth consecutive quarter for business growth among PTDA members.
Survey: Manufacturing continues to lead economy
A host of factors have conspired to weaken the outlook for the overall U.S. economy, yet the manufacturing sector continues to forge ahead.
Philadelphia manufacturing weakens
Responses to the Philadelphia Fed Business Outlook Survey suggest that regional manufacturing activity weakened in June.
Metalformers anticipate steady business conditions
Metalforming companies anticipate steady business conditions during the next three months.
Actuant sales climb 27%
Actuant Corporation said its consolidated sales for the third quarter were $393 million, 27% higher than the comparable prior year quarter.
Airgas breaks ground on MN facility
Airgas announced plans to construct a facility in Roseville, Minn., to meet demand for cylinder gases and related products in the Minneapolis/St. Paul metro region.
DeWalt throws down the gauntlet
If there were any lingering questions over the implications of last year's merger of the nation's largest hand tool brand, Stanley, and number one power tool company, DeWalt, the world now has its answer.
Canada manufacturing sales decline
Manufacturing sales in Canada decreased 1.3% in April to $46.7 billion.
Interline brands names new senior VP of sales
Interline Brands appointed John McDonald as senior vice president of sales.
NY manufacturing tumbles
The Empire State Manufacturing Survey indicates that conditions for New York manufacturers deteriorated in June.
United Stationers names new CFO
United Stationers Inc. elected Fareed A. Khan as senior vice president and chief financial officer effective July 18, 2011.
Precision Castparts acquires Tru-Form
Precision Castparts Corp. has agreed to acquire the rings operations of Unison Engine Components (Tru-Form) from GE Aviation, an operating unit of GE.
Regal Beloit buys Australian fan company
Regal Beloit Corporation has acquired the Australian Fan and Motor Company headquartered in Melbourne, Australia.
April manufacturing technology rises
April U.S. manufacturing technology consumption totaled $396.92 million, which was 74.9% higher than April 2010.
HD Supply sales up 4.9%
HD Supply Inc. reported net sales for the quarter of $1.9 billion, a 4.9 percent increase compared to the same period last year.
Grainger sales up 11% in May
Grainger reported sales results for the month of May increased 11 percent versus May 2010.
Loctite to sponsor Formula 5000 racing
Henkel Corporation has announced that Loctite brand adhesives and sealants will sponsor the 2011 Formula 5000 U.S. Revival Race Series.
3M acquires aircraft sealant maker
3M plans to acquire Advanced Chemistry & Technology Inc., a manufacturer of quick cure, light-weight polysulfide sealants for aerospace applications.
Fed's Beige Book shows slowing growth
The Federal Reserve's quarterly Beige Book snapshot of the U.S. economy indicates continued growth for most sectors, but at a slowing pace.
MAPI: Uncertainty about global economy
A "portfolio of unknowns" poses significant concerns to the worldwide economic recovery according to a new report.
Construction jobs lag
The construction industry added just 2,000 jobs in May and the sector's unemployment rate declined to 16.3 percent.
PIP acquires Bouton brands
Protective Industrial Products Inc. (PIP) announced its acquisition of the Bouton brand and the Bouton safety glass and safety goggle business.
Factory jobs drop in May
Manufacturing employment fell by 5,000 jobs in May, while the nation's unemployment rate rose to 9.1 percent, the U.S. Bureau of Labor Statistics reported today.
Lewis-Goetz buys Valley Rubber
Pittsburgh-based Lewis-Goetz and Co. is broadening its reach into the western United States with the acquisition of Sacramento, Calif.-based Valley Rubber & Gasket Co.
Manufacturing productivity up 4.2%
Manufacturing sector productivity grew 4.2 percent in the first quarter of 2011, the U.S. Bureau of Labor Statistics reported today.
ISM: Manufacturing expands for 22nd month
Economic activity in the manufacturing sector expanded in May for the 22nd consecutive month.
Capital Safety acquires Latin America PPE maker
Capital Safety announced that it has acquired Arseg, Pass and Clasi, a manufacturer and provider of personal protective equipment (PPE) in Latin America.
Airgas acquires ABCO Gase
Airgas announced it has completed the acquisition of ABCO Gases, Welding and Industrial Supply Company Inc. of Waterford, Conn.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
