Manufacturing

On Tuesday at ProMat 2023, MHI CEO John Paxton presented The Raymond Corporation and Durham Manufacturing Company with awards to commemorate 100 years in the industry.

The report’s key metric, the PMI, at 47.7 (a reading of 50 or higher indicates growth), eked out a 0.3% increase, from January to February, contracting, at a slower rate, for the fourth consecutive month. The last four months of contraction, through February, were preceded by a stretch of 29 consecutive months of growth. ISM also said that the overall economy contracted, at a slower rate, in February, for the third consecutive month, which was preceded by 30 consecutive months of growth.

WiM elects 20 members to its 2023 Board of Directors, with their terms starting on April 1, 2023

The report’s key metric, the PMI, at 47.4 (a reading of 50 or higher indicates growth), down 1.0% from December’s 48.4, contracting, at a faster rate, for the third consecutive month. The last three months of contraction, through January, were preceded by a stretch of 29 consecutive months of growth. ISM also said that the overall economy contracted, at a faster rate, in January, for the second consecutive month, which was preceded by 30 consecutive months of growth.

Shawn Dickmeyer earns Gold in Welding category, joins Kim Douglass (gold, Assembly) as first two TMH gold medalists in international competition

The report’s key metric, the PMI, came in at 48.4 (a reading of 50 or higher indicates growth), down 0.6% from November’s 49.0, contracting, at a faster rate, for the second consecutive month. The last two months of contraction were preceded by a stretch of 29 consecutive months of growth. ISM added that the overall economy contracted in December, following 30 consecutive months of growth.

For manufacturing, ISM is estimating a 5.5% revenue gain in 2023, falling short of its 6.5% estimate from its predecessor report in May and its 9.2% 2022 growth rate. ISM member panelists are calling for 2023 services-based economy revenues to see a 3.1% gain in 2023, topping 2022’s 2.1% gain, which fell short of May’s 4.9% estimate.

The report’s key metric, the PMI, was 49.0 (a reading of 50 or higher indicates growth), down 1.2% from October’s 50.2, September’s 50.9 and back-to-back readings of 52.8 in July and August, with November’s contraction snapping a stretch of 29 consecutive months of growth.

The non-profit organization, which is celebrating its 90th anniversary, announced its 2022 election results and installed its new officers, directors, and council representatives during a ceremony at its SME Fall Gala conducted Nov. 6 in Atlanta. Their terms begin in January 2023.

The Smart Manufacturing Institute or "CESMII" and the Society of Manufacturing Engineers see council as a national think tank to advocate for transformation of the U.S. manufacturing ecosystem

Leading engineering society welcomes President Biden’s National Strategy for Advanced Manufacturing

Schools excel at providing STEM/CTE manufacturing knowledge and skills to students

Expansion of manufacturing facility to increase company’s overall molding capacity by 10%

Modern staff sat down with Sam Kurten, Engineering intern at Matrix, a ProMach product brand to talk about his career.

Virtual event set to kick off on Oct. 7 aims to celebrate the manufacturing industry and inspire a new generation as Raymond celebrates a century-long history of innovation