Year End Predictions for Manufacturing

4th quarter predictions

2018 has been an incredibly strong year for much of the manufacturing arena with the country’s gross domestic product expanding at a 4.2% rate in the second quarter, nearly double that of first quarter.  The recent tax cuts have resulted in higher than anticipated after-tax profits for most companies and an expectation for profit growth to continue through the end of the year.  Interestingly, acquisition of business equipment grew at the slowest rate in the last 18 months.  Many business owners appear to be holding back on capital equipment investments out of fear of a potentially larger trade war in the future.  While there is certainly concern about slowdowns in international trade, it’s expected that these will be minor and affect fewer than anticipated industries.

2019 is expected to see an increase in compensation for workers as the labor market gets tighter and tighter and employers are forced to increase wages to attract talent. However this is not expected to eliminate profit growth entirely as profits will still exceed wage increases.  The other factor analysts anticipate will affect 2019 numbers is the increase in costs to acquire materials resulting from recent tariffs.  This will hit some industries harder than others and could cause next year’s numbers to flat line.  One question yet to be answered is how tax cuts for individuals will affect spending through the holiday season.  While the President believes it will have a substantial impact, many analysts aren’t so sure.  The majority of the tax benefits will be felt by wealthier American’s and historically that sector tends to save that money rather than increase their spending.  Time will tell how the individual response impacts the markets through 4th quarter.

While oil demand decreases after the summer rush it’s still expected that prices will stay high as supply from Iran dwindles. These oil prices will affect everyone with increases in cost of delivering goods, increased costs for airline travel, and increases in daily cost of doing business.  It does appear that the President has come up with a way of preserving the North American Free Trade Agreement between the U.S., Canada and Mexico.   There is an expectation that this will get finalized in the 4th quarter which should help to further stabilize the U.S. market and provide other trade options for U.S. businesses looking to acquire goods and services separate from the tariffs and trade wars going on with China.

Most analyst anticipate a strong finish to 2018 with growth expected throughout 2019 as well, it’s a great time to be in American manufacturing.

 

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Hurco at Nasdaq

hurco-nasdaq

After 50 years in business Hurco received an incredible honor recently with the opportunity to ring the closing bell for the Nasdaq on June 13th.  Hurco is publicly traded, ticker symbol HURC, and has been since 1971.  Their years of continued innovation and industry leading products have kept their stock trading high and investors happy.  The company was extremely proud to be selected to be part of the closing bell ceremony for the Nasdaq.  The video of the event can be seen at https://youtu.be/jZtdktiK-Wk.

Where did this tradition come from?  The New York Stock Exchange (NYSE) has had a form of opening and closing bells since the very beginning back in the 1800’s.  It started with the use of a gavel, but changed to a gong, and then ultimately to the current bell system in 1903.  The current bell system consists of 4 different bells located in the main areas of the NYSE.  All the bells ring simultaneously when a button is pushed.  This button pushing is the opening and closing ceremony that is so highly celebrated.  The bell opens the trading at 9:30 a.m. EST and closes it for the day at 4:00 p.m. EST.

The common, very public, event we see today for the opening and closing is a fairly recent development.  Up until 1995 it was the job of the exchange floor manager to ring the bell.  After that point the NYSE began having celebrities and other special guests take part in the ceremony.  The Nasdaq opening and closing bells can only be rung by listed companies in conjunction with a Nasdaq senior executive.  The exposure this event creates is great for the company involved and will often coincide with the launch of a new product or a major announcement from the company.  Because the ceremony is aired on CNBC, Bloomberg TV, Fox Business News and many others it will reach a daily viewership of millions of people worldwide.

As you might imagine it’s not quite as simple as just showing up that afternoon and pushing the closing bell button.  The entire event is coordinated by a professional event planner and is highly choreographed.  Hurco was required to submit a guest list, of no more than 50 people, by noon the day prior to the ceremony.  Guests must present ID and be escorted by security throughout their entire visit.  Throughout the event, photography, videography, and catering are all provided services for guests.  Hurco was also given an hour of advertising time on the Nasdaq Tower and Marquee to allow them to promote their company, its products/services, and any big announcements.  The team from Brooks Associates was incredibly proud to get to be part of the Nasdaq experience and to be long-time partners with Hurco.

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Dig Deep into Sodick’s ALN400G

Sodick-ALN

The ALN Series is the #1 EDM on the market in America today.  It stands above the competition because of the specific features that only Sodick offers.  The next-generation Smart Pulse Wire control, combined with the Smart Pulse Generator, have driven the ALN400G to the top of the industry.  The Smart Pulse Wire control (SPW) has a range of powerful features that have all been incorporated into the design that utilizes the best from both the former tablet control mode as well as the classic control mode.  Running off a Windows 7 operating system with a 19” horizontal TFT multi-touch screen the SPW supports both 2D and 3D graphics.  The new design also improves control processing speed giving users the highest in control responsiveness.

The Smart Pulse Generator saves you money by saving you time.  This feature reduces the number of cuts necessary, while maintaining accuracy and surface finish.  All of this leads to faster part times and lower costs.  Consider the following sample part – a precision fitting part with a 3.94” thickness, SKD11 material, 8 RMS surface roughness, +/-.00012” cutting accuracy, .008”wire diameter reduced cutting time with the use of the ALN400G of 32% resulting in a cutting time of just 2 hours 57 minutes.

Features that customer have come to expect as part of the Sodick experience are still standard with the ALN400G.  This includes the 10-year positioning guarantee, the rigid linear motor drives, a rigid cast construction, the 3 sided rise/fall work tank, and the four sided clamping table.  These have been combined with newer features such as the energy saving circuit, the dielectric cooling unit, the high precision positioning sensor, and the digital pika-w plus super finishing circuit.

Specs for the ALN40G:

X-Axis Travel 15.75”

Y-Axis Travel 11.81”

Z-Axis Travel 9.84”

U, V Axis Travel 5.91” x 5.91”

Wire Diameter Range 0.002”-0.012”

Work Tank Dimensions 33.45” x 24.01”

Maximum Workpiece Weight 1,102 lbs

Distance from Floor to Machine Top 39.17”

Machine Tool Dimensions 83.27” x 91.93” x 86.02”

Machine Weight 7,385 lbs

The ALN Series EDM systems are revolutionizing the market and leading the way into the future of wire EDM machining.  Contact Brooks Associates today to schedule a test cut and demo on one of these incredibly powerful machines.

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Markforged Mark 2 Wins Again

markforged awards event

Recently at the 2018 3D Printing Industry Awards event in London the Markforged Mark 2 won the “Enterprise 3D printer of the year” award for the second time.  This gala is an impressive gathering of all the leading minds and pioneers in the additive manufacturing space from around the world.  The event hosts over 150 guests representing over 60 different companies and educational institutions. Unlike other such events this one is unique in that all of the awards are earned through public voting.  Voting this year was up 33% over the previous year, which makes this one of the largest surveys conducted within the 3D printing industry.

Awards given out range from “Outstanding contributions to 3D printing” to “Innovation of the Year” to “Creative use of the 3D printing” and of course “Enterprise 3D printer of the Year”.  The event is a great opportunity for the industry to recognize contributions made from manufacturers, educational institutions, OEM’s, women and minorities all promoting the growth and development of the 3D printing arena.  Markforged was thrilled to have Graham Lindsay the director of EMEA Channel Sales for the company in attendance along with others to receive this prestigious award.  Markforged was also nominated for the, Enterprise 3D Printer of the Year for Metals award, as well as the, Best 3D Printing Company to Work for award, both of which were an honor.

In addition, Markforged recently won their court case in which Desktop Metal (another 3D printing machine manufacturer) had claimed that the company had infringed on their patent rights for the manner in which the Metal X printer forms ceramic release layers in order to print complex parts.  The jury unanimously found there was no infringement, inducement or contributing to infringement by its customers.  Markforged is proud to hold 15 issued patents and 100 filed patent applications as they continue to lead the industry in innovation.  They are dedicated to helping their customers print end-use parts that are 50% lighter and 95% faster than existing part creation process all of which leads their customers to thousands of dollars saved each year.  Brooks Associates could not be more proud to be partnered with such an outstanding industry leader.

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IMTS 2018 Expansion

International Manufacturing Technology Show

IMTS 2018 is right around the corner and we know many of our customers are debating whether to make the trip or not, so we thought we’d share some interesting information about the upcoming IMTS show.  At this point it’s expected to have the largest number of vendors ever, topping the previous record from 2016 which had 2,407 companies exhibiting.  This means you can literally learn about any manufacturing technology or industry that interests you.  There will be more than 15,000 machine tools on-hand!

One of the new items this year is the expansion onto level 2 of the East Building.  In this area you’ll find Machine Components/Cleaning/Environmental Pavilion as well as Controls & CAD-CAM Pavilion Annex.  It will feature 340 exhibitors from all over the world who are focused on safe, efficient and environmentally responsible operation and monitoring of machines and facilities.  This will also be the primary area to learn more about tools that are leading the way in the advancements of the digital era of manufacturing through Smart Manufacturing and the Industrial Internet of Things.

Another new addition this year are the conferences that will be co-located in various areas of the show.  While there have been other IMTS conferences in the past, this year there will be 7 different conferences covering a range of topics:

  • Additive Manufacturing
  • Applied AM-EOS Additive Day
  • Global Automation Manufacturing Summit
  • Integrated Industries
  • Industrial Laser Conference
  • Top Shops Workshop

This year’s IMTS will also feature 2 Emerging Technology Centers.  Typically there has been just one, located in the North Building, but this year a second one is being added in the West Building.  This additional technology center will be focused on the latest in 3D technologies and trends.  The other will have a focus this year on digital manufacturing technologies.

Finally, the Additive Manufacturing Pavilion in the West Building is being expanded as well to reflect the continued growth in the industry for companies designing additive machines, creating innovative processes and materials for this industry and leading the way with new solutions.

With visitors coming from over 117 countries IMTS truly is a melting pot of ideas for the manufacturing industry.  It’s the best way to learn about what’s coming, solve problems currently existing and meet with others to collaborate on growth plans for the future.  Be sure to visit Brooks Associates in our various supplier’s booths such as OMAX, Sodick and Hurco.

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CYLASER Fiber Laser Cutting Technology

Cylaser

CYLASER, a product Brooks Associates is proud to distribute, has been revolutionizing the solid-state fiber laser cutting industry since 2004 with substantial simplification of the source architecture, the lowest power consumption, low operating and capital costs, all while maintaining high levels of efficiency and controllability.

Fiber optic lasers offer the unique ability to cover a wide range of materials and applications and CYLASER is taking that to new levels.  Not only was CYLASER the first to use solid-state generated fiber optic lasers in traditional stand-alone laser cutting systems, but they were also the first company to apply fiber laser cutting technology to the sheet metal industry and they continue to open new doors in a variety of other materials.

Every single part of the CYLASER machine was designed and manufactured in-house to guarantee maximum efficiency and precision, but even the best in technology requires maintenance.  CYLASER prides itself on providing our customers with the best service and support in the industry.  Whether your machine is under warranty or not you’ll still receive the same response level.  If your machine is down we guarantee immediate phone and internet Team Viewer support as well as next day on-site visits for calls placed before noon EST.

CYLASER has always been focused on the future with an intent to anticipate the coming needs of the industry and be prepared with solutions before the problem has even been voiced.  With hundreds of installations completed throughout the world, CYLASER is a name that can be trusted.  As an industry leader CYLASER integrates not only fiber laser cutting and welding but full automation and part handling capabilities as well to deliver the best in productivity.  CYLASER’s goal has always been, “to deliver a robust, precise, efficient, and highly productive laser cutting system” and they’ve far exceeded that goal.

CYLASER has had hundreds of installations throughout the word with many in the US and Canada.  They are uniquely focused only on the building and perfecting of fiber laser cutting machines. They offer a wide range of products including: 2D laser machines, 2D laser machines with tube processing capabilities, tube laser machines that are fully automatic with 21 axis and both 5” and 9” diameter capacity, and 3D laser cutting machines in 5, 6, and 7 axis.  The 2D laser systems are available in both side load and end load and come in sizes from 4’ x 8’ all the way up to 40’ long.

The team at Brooks Associates is excited about the future of CYLASER and ready to help companies throughout the New England area get started utilizing the power of this technology.  Give us a call today to learn more and see if CYLASER equipment is right for your shop.

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Benefits to Trading In Old Equipment

UsedHurcoMachine1

It may seem as though once you’ve purchased a piece of equipment you’ll never have to think about buying that again, but there are some significant advantages to upgrading old machinery.  Many OEM’s offer trade-in programs to allow customers to get rid of an older machine and replace it with the most current technology – OMAX and Sodick to name just a couple.  Many shop owners wonder if it’s really worth the money to simply replace one EDM with another or one waterjet with another, but hundreds of customers have weighed the costs vs benefits and have made the change.

One of the benefits of an upgrade is having the latest technology.  Think how fast technology is changing these days.  The cell phone you bought 10 years ago looks nothing like the one you can buy today, and the machine tool industry is advancing just as rapidly.  Your old machine’s control and software platform could be costing you a significant amount of money.  Consider an OMAX waterjet for example.  The latest software takes into account years of research on how the jet stream performs in specific materials.  So rather than a generic algorithm that slows the jet down 1” before every corner to allow for the bottom of the stream to catch up, the current software adjusts the ramping down to begin at the exact moment it’s necessary based on the specific material and thickness currently being cut.  This may not sound like much but in a large run it could result in hours less cutting time and hundreds of dollars saved.  Not to mention that the faster one job gets off, the sooner the next one can get started.

Another benefit to upgrading is new hardware.  New hardware can result in less down time as well as a reduced cost for replacement parts.  Many components are now made from a longer-lasting material, are able to hold tolerance longer, reduce energy costs, etc.  All of this will lead to better parts coming off the machine with improvements in surface finish and accuracy, but also fewer hours spent on repairs and replacement of consumables.

used omax

Why would an OEM want your old machine?  There are a few reasons for a manufacturer to have interest in your older machine.  In many cases they can refurbish that machine to have some of the features of a new machine and then offer it to customers who are unable to afford a fully new unit.  It will often come with a more limited warranty, and limited service and support, but can be a great fit for places such as educational institutions where funding is extremely limited.  Second it allows the manufacturer to get older systems out of the field all together.  In some cases this keeps them from having to stock parts that may only be used on a handful of machine, and in other situations it provides a benefit by not requiring their service technicians to be trained to work on the earliest generations of their equipment.

The demand for your used machine has never been higher, and OEM’s are offering top dollar. Consider trading-up to the best in current technology to keep your shop running at peak performance and maximum efficiency.  Contact Brooks Associates to get a quote on the value of your trade-in as well as the specific benefits you would see in a new unit.

 

Posted in 5-Axis Machines, Hurco, Machine Tools, Manufacturing, Omax, Used abrasive, Waterjet Cutting Machines | Tagged , , , , , , , | Leave a comment