PM Blog
PM News: Not The Right Time
Gildemeister AG (Frankfort, Germany) recently decided not to acquire the machine tool operations from ThyssenKrupp AG (Düsseldorf, Germany) due to a lack of financing.
Read MoreStrength In Numbers
Today, it's a different domestic market with very different demands from customers of multispindle screw machine tools. Shops must deal with reduced part volume runs, higher accuracy demands, JIT inventory systems and very tight margins. Comprised of relatively small companies, the domestic screw machine industry had trouble making the adjustment to the newer manufacturing requirements.
Read MoreIs Your Web Site Top Heavy?
Is your site top-heavy? If so, start loading more meaningful info about what value you offer prospects into your site to give it a solid foundation.
Read MoreNew Year, New Face, New Challenges
As publisher, I will continue to look for and learn about techniques and technologies that can positively impact your shop’s business. Art and science come together in screw machine shops around the world, and I see it as our job to describe to you processes that work and products that perform, and then present them in a context that can relate to your business.
Read MorePM News: Big Buy
Brinkman International Group, Inc., parent of C.J. Winter Machine Technologies, Inc., has agreed to purchase the assets of Davenport Industries LLC, including all real estate, inventory, machines and intellectual property. The company will focus on keeping the flow of replacement parts uninterrupted.
Read MoreHello, It's Me. Again.
Ask these questions as an exercise to identify what information your site needs to grow closer toward what really is needed by researchers, specifiers and buyers researching you via the Web.
Read MorePM News: United They Stand
United Grinding Technologies Inc. (Miamisburg, Ohio) will acquire Ewag USA (North Kingstown, Rhode Island) and merge its operations into UGT. Ewag makes tool grinding machines and tool grinding centers for the production of rotary tools and high-quality indexable inserts of tungsten carbide, PCD and PCBN.
Read MoreReady. Set. Go!
The screw machine industry in our country continues to change. It was changing two years ago when we started PM. In that time we’ve been able to better see in what direction that change is likely to be headed.
Read MoreFamily-Owned Businesses: Is There A More Difficult Type Of Business To Run?
Running a family business creates a unique challenge for the founders/parents: to rear their children into mature adults and into mature business people as well. This is quite a tall order, to be sure.
Read MoreChoosing A Professional Advisor
Most family business executives recognize the need for professional advisors to fill the roles on their team that are outside their core competency. That's where professional advisors can make a critical difference to help your company plan ahead and achieve greater results.
Read MoreTurning To Drive-By-Wire
Drive-by-wire is causing the jitters at screw machine shops. Two concept cars from European sources have been demonstrated at recent European motor shows.
Read MoreDollars Last Days . . . Purpose Increases Value
Business owners have moved to creating ‘relationships’ with employees as a motivational tool. However, to support the pace of growth in our economy, employees struggle to find value in ‘soft’ motivational tools such as “employee of the month” programs and look more toward being an integral part of planning their own success. I believe that a pragmatic balance between both the subjective (intangible goals) and the objective (tangible goals) provides the optimal mix for lasting employee motivation.
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