The Economic PopulistThe March ISM Manufacturing Survey shows manufacturing is barely breathing. Growth as a monthly -1.4 percentage point decline put PMI near the contraction edge. PMI is now 51.5% and if the index falls below 50%...that's contraction. The reason for the slide was supplier deliveries, which were more streamlined indicating less to ship and slower manufacturing hiring.
Visit http://www.economicpopulist.org/content/ism-survey-shows-barely-breathing-manufacturing-sector-pmi-515-5726 to view the full article online.
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Mining.com The spot price of iron ore plunged again on Wednesday for a weekly loss of more than 10% and deeper into uncharted territory as negative sentiment swamps the industry. The steelmaking raw material has declined to the lowest since the inception of the spot pricing system.
Visit http://www.mining.com/iron-ore-price-crashes-50/ to view the full article online.
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NasdaqEuropean markets closed higher on Wednesday after economic data showed manufacturing activity in the Eurozone is continuing to expand. Eurozone manufacturing production accelerated to a ten-month high in March, underpinned by the fastest expansion of incoming new business since April of last year, according to the latest Markit Eurozone Manufacturing Purchasing Managers' Index data.
Visit http://www.nasdaq.com/article/european-markets-close-higher-on-strong-manufacturing-activity-cm461263 to view the full article online.
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Reliable PlantUniCarriers Americas recently announced the acquisition of all outstanding shares of Nissan Industrial Engine Manufacturing (NIEM). NIEM has been renamed Global Components Technologies Americas (GCTA) and becomes a wholly owned subsidiary of UniCarriers Americas (UCA).
Visit http://www.reliableplant.com/Read/30082/industrial-engine-manufacturing to view the full article online.
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The AGMA Foundation offers $5,000 college scholarships for engineering students who have an interest in gear technology or gear research. Three scholarships were awarded in 2013 and the Foundation looks forward to awarding multiple scholarships again in 2014. Applications with transcripts and letters of recommendation are due by July 1. For scholarship guidelines and additional details, visit the scholarship page on the Foundation's website.
Please alert employees, interns, and exchange students who are pursuing a degree in mechanical engineering. A printable brochure that you can post on your web site and help promote in social media is available here.
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IndustryWeekIn the last few columns we explored some issues with starting and building a lean journey. But once you have your lean journey underway, how do you sustain it? How do you build it into the bricks and mortar, and the DNA, of the organization? We no longer want lean to be its own thing; we want it integrated into the organization.
Visit http://www.industryweek.com/lean-six-sigma/beyond-lean-initiative to view the full article online.
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Aerospace Manufacturing and DesignThe Alliance for American Manufacturing (AAM) has joined Manufacturing Day 2015 as a Gold Sponsor, supplying the national initiative with resources to support manufacturers participating in the program. Manufacturing Day is a grassroots effort by American manufacturers to improve public perception of manufacturing by coordinating awareness-raising activities at a variety of locations across the country on Oct. 2, 2015.
Visit http://www.onlineamd.com/alliance-american-manufacturing-gold-sponsor-033115.aspx#.VSKp9fnF_QM to view the full article online.
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