Industry Trends & Happenings News for November 2009

Industry Trends & Happenings News Archive

U.S. Industrial Production Inches Up 0.1% in October U.S. Industrial Production Inches Up 0.1% in October

A newly released report from the Federal Reserve shows U.S. industrial production increased 0.1% in October after having averaged monthly gains of about 0.9% over the previous three months. The leading sectors were primary metals, which jumped 3.5%, and machinery output, which edged up 0.2%.

Metalformers Expect Decline Over the Short Term

Metalforming companies anticipate a dip in business conditions and incoming orders. That’s the main findings from the November 2009 Precision Metalforming Association Business Conditions Report.

Annual New England Surface Finishing Regional Serves Up Educational, Networking Opportunities

Scores of surface finishers—and even a few suppliers—from Connecticut, Rhode Island, Massachusetts, Maine, and New Hampshire, were on hand recently for the 6th Annual New England Surface Finishing Regional, held at the Cape Codder Resort & Spa in Hyannis, Mass.

U.S. Unemployment Rate Hits 10.2% in October U.S. Unemployment Rate Hits 10.2% in October

A newly released report from the Department of Labor puts job losses for the month of October at 558,000, bumping up the unemployment rate to 10.2%—up from 9.8% in September.

Benchmark Products, Inc., and New Surface Technologies to Join Forces

Benchmark Products, Inc., of Indianapolis, Ind., and New Surface Technologies, LLC, of Bedford, Ohio, recently announced the formation of Asterion, LLC, effective Dec. 1, 2009. Asterion will manufacture and sell the entire metal finishing product line of both companies.

MetoKote Corporation to Build New Plant in Germany

MetoKote Corporation, a provider of protective coating applications based in the United States, has chosen Germany as the site for its new manufacturing plant. MetoKote recently broke ground on the new facility in the Southern German city of Mannheim, Baden-Württemberg. The new investment, which represents $9.7 million, will also serve as a pilot project focused on reaching further customers in continental Europe.

U.S. GDP Up 3.5% in the 3rd Quarter U.S. GDP Up 3.5% in the 3rd Quarter

U.S. gross domestic product, or GDP, grew 3.5% in the third quarter, according to a newly released report from the Bureau of Economic Analysis, or BEA. The increase, the first rise in a year, reflected higher consumer spending on durable goods—including automobiles—as well as investments in home building. By comparison, GDP decreased 0.7% in the second quarter.

Mixed 3rd Quarter Reviews for Coating Suppliers, Chemical Manufacturers

The 3rd quarter provided a mixed bag for several of the industry’s leading coating suppliers and chemical manufacturers. Preliminary numbers showed some are still feeling the effects of the global economic downturn, while others are recovering more quickly.

Wagner, Sherwin-Williams Form Purchasing Agreement

The Sherwin-Williams Company and Wagner Systems, Inc., have formed an agreement designed to expand the relationship between the two companies, enabling product finishers using Sherwin-Williams innovative ProVisions™ program to purchase Wagner’s line of manual industrial powder coating equipment.

New website for Fanta, Napco, Udylite Brands

Fanta Equipment, a leading fabricator of metal finishing equipment in North America, has launched a new website featuring its Fanta, Napco, and Udylite brands. The new site includes information on the custom capabilities, brand-name machines and replacement parts available from Fanta, Napco, and Udylite.