Most metalforming manufacturers surveyed expect no change in general economic activity in the next three months.
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The company noted that while 2Q sales were disappointing, gross margin improvement stemmed from internal improvements.
It follows the news that the distributor is selling its wholesale hardware unit to House-Hassan.
Mars Supply President Bob Mars joins to discuss his company’s century milestone and what it’s taken to achieve it, what has changed in distribution in his 47 years there, and what hasn’t.
CNC components maker Genesys gains a manufacturer of threaded and flanged aluminum pipe fittings and hardware.
Consumption also increased 4.1% year-over-year, rebounding from December's declines.
By order value, January was the lowest level since January 2021, while the unit count was its lowest since 2016.
WALTER said the addition helps its customers be more productive and confidently approach robotics and automation for their material removal process.
Metalworking solution distributors Shelton Machinery, Municipal Machinery and Concept Machinery will operate under TSM Group.
The Association for Manufacturing Technology said December’s figures outpoerformed “even the best of expectations.”
The results showed a continued slide in year-over-year and sequential sales growth that reflected an industry-wide demand slowdown.
Star Precision is a complementary addition to Maysteel as it scales and diversifies its metal production and machining capabilities.
Metalforming companies express more optimism about business activity month over month, according to the latest report from the Precision Metalforming Association.
Based in Mississauga, metalworking supplies distributor KAR had 2023 sales of about $16 million.
AMT said aerospace and automotive markets are still working on an impressive backlog and sales that will keep shops busy well into 2024.
Through November, year-to-date were down 13.3% from the same period in 2022.
The figures signalled a bumpy period for fellow metalworking and MRO supplies distributors.
It gains WALTER a South Carolina based manufacturer that has roots dating back to 1874.
MachiningCloud users can now directly purchase tooling from MSC within the MachiningCloud application.
It strengthens Stellar's product offering in the U.S. mid-south and further enhances its VMI and cost savings program.
