Category: Blog

NEXUS – our new and evolved numerical control

NEXUS – our new and evolved numerical control with all features of MG NC Lynx with following added and improved functions:

The possibility to control:

  •  Three bending axis (X Y Z)
  •  Two Side Supports
  •  Central support
  •  Pinching controller through pressure
  •  Power Ejector on/off
  •  Interface with PLC control power conveyor
  •  Archive 300 programs with 99 steps each
  •  Graphic interface Man / Machine thorough a tough screen panel.
Nexus

DIAGNOSTIC SCREENS TO CONTROL THE CORRECT FUNCTIONALITY OF THE MACHINE AND ALL COMPONENTS (encoders, end stroke input and output relè)

MG Nexus control provides a quick and simple solution for your repetitive rolling needs. It is very simple to create and modify programs to be saved and recalled for future use.

 

Economic News

Philly Fed Report Shows Increase In Manufacturing Expansion.

The AP (6/20) reports the Federal Reserve Bank of Philadelphia reported on June 19 that its index of regional factory activity rose to 17.8 in June from 15.4 in May. The figure is the highest in nine months and shows that manufacturing has expanded at a faster pace for the fourth straight month. A reading above zero indicates growth. The report also said that new orders have jumped, suggesting that “production will remain healthy.”

Federal Reserve Revises Growth Estimate.

The New York Times (6/20, Tritch) reports that on June 18, the Federal Reserve announced it was revising downward its yearly forecast for economic growth from 2.3 percent to 2.1 percent. This number is down even further from March predictions in the range of 2.8 to 3.0 percent and lines up with the views of the International Monetary Fund’s estimated growth.

Conference Board Index Gains 0.5 Percent In May.

The AP (6/20) reports the Conference Board said on June 19 that its index of leading indicators predicting the economy’s future health increased 0.5 percent for May. This is the fourth month of increases in the index, and the latest increase represents an improvement from the 0.3 percent gain in April. The index is composed of 10 indicators, and seven of the 10 indicators showed gains for May. The largest negative factor in the index was a drop in applications for building permits. Analysts predict that a growth rebound for the US economy in the second quarter could be as high as 4 percent.

Manufacturing

Report Suggests US Could Add Millions Of Manufacturing Jobs by 2020.

The Christian Science Monitor (6/20, Swan) reports that after losses in the early 2000s, US manufacturing has “started to regain some footing” since 2010, added “more than 600,000 new jobs, according to a new report.” The Administration “celebrated that growth in a series of press events this week as evidence” that the economy is rebounding, but “manufacturing experts suggest that declaration of victory might be premature.” Still, the report, released by the US National Economic Council, suggests that the US could add between 3.5 million and 5 million manufacturing jobs by 2020.

Jobless Claims Down 6,000 Last Week. Bloomberg News (6/20, Woellert) reports that first-time claims for jobless benefits fell 6,000 last week to 312,000, according to data released on Thursday by the Department of Labor. The four-week moving average, which irons out week-to-week volatility, fell 3,750 to 311,750. Bloomberg says that the numbers are “a sign of steady progress in the labor market.”

 

From SME Daily Executive Briefing June 20, 2014

AR530 – The Giant At Work

Article about AR530 – the largest section bending roll ever built – in Lamiera’s trade show publication 2014.

Click below for a larger image.

Click HERE for additional information and  pictures on this machine.

 

AR530 - The Giant At Work

MG at Lamiera Expo in Bologna, Italy – May 2014

Come visit MG on 14 – 17 May 2014 HALL 36 – Booth A30

Showcasing AR110 Angle Roll 

  • Shafts diameter: 4.33″
  • Rolls diameter: 13.8″
  • Working speed: 237 IPM
  • Installed power: 10 HP
  • Weight: approximately 6,498 lbs
  • Dimensions: 62” L x 59” W x 62” H
AR110 AR110 AR110 AR110

Showcasing MH314C 4-roll plate bending machine 

  • Installed power: 10HP
  • Topp roll diameter: 11.4″
  • Lower roll diameter: 10.6″
  • Side rolls diameter: 8.3″
  • Working length: 126″
  • Max. rolling thickness: 9/16″
  • Max. pre-bend thickness: 1/2″
MH314C MH314C MH314C MH314C

Showcasing MH206P 4-roll plate bending machine

  • Installed power: 3HP
  • Topp roll diameter: 5.2″
  • Lower roll diameter: 5.5″
  • Side rolls diameter: 4.7″
  • Working length: 80.7″
  • Max. rolling thickness: 1/4″
  • Max. pre-bend thickness: .157″
MH206P MH206P MH206P

Institute For Supply Management’s Index Rises To 53.7 For March.

Institute For Supply Management’s Index Rises To 53.7 For March.

USA Today (4/2, Davidson) reports the Institute for Supply Management’s measurement index of factory activity rose “modestly” from 53.2 in February to 53.7 in March. The gain was smaller than expected, but reflects the shrinking output caused by adverse weather. The index for new orders moved from 54.5 to 55.1, and the employment index dropped from 52.3 to 51.1.

Midwestern Manufacturing Pace Quickens. The Kansas City (MO) Star (4/1) reports that a Creighton University survey of purchasing managers in nine Midwestern states showed an index growth from 57.4 in February to 58.2 in March. The survey indicates that “manufacturing expanded at a quicker pace during March” in the states surveyed.

Canadian PMI At 53.3 For March.

The Canadian Press (4/2) reports the RBC Canadian Manufacturing Purchasing Managers Index came in at 53.3 in March, up from a level of 52.9 in February. The Press notes that “export orders in March increased at the second-fastest pace since October but input costs rose at the steepest pace since May 2011.”

Manufacturing

New York Manufacturers No Longer Have To Pay Corporate Income Tax.

Newsday (4/2, Madore) reports that with the passing of the New York State budget agreement, manufacturers will no longer have to pay the corporate income tax. The removal of the income tax is an effort by the state to keep manufacturers from moving to places outside of the state.

 

From SME Daily Executive Briefing 2.4.2014

Manufacturing Activity Accelerated Last Month

 

Reuters (3/4, Mutikani) reports that the Institute for Supply Management’s Manufacturing Index rose to 53.2 in February from 51.3 in January, which was its weakest reading since May 2013. A reading above 50.0 indicates that the sector is expanding. Reuters says that the strong report should encourage the Fed to continue tapering its stimulus program as expected.

Bloomberg News (3/4, Woellert) reports that the index shows that the economy is “making headway in emerging from the harsh winter weather that has slowed growth in early 2014.” Bloomberg adds that the increase “would have been stronger if not for a slump in production caused by a shortage of parts, a sign orders will improve in coming months to replenish stockpiles.”

The Wall Street Journal (3/4, Madigan, Subscription Publication) reports that economists it surveyed expected the index to come in at 52.5.

The Los Angeles (CA) Times (3/4, Puzzanghera), USA Today (3/3, Davidson), the AP (3/4, Rugaber), IndustryWeek (3/4), and other media sources also cover the story.

Markit February Manufacturing Index Rises To 57.1. Reuters (3/4) reports the Markit Economics final index of U.S. manufacturing rose last month to 57.1 from 53.7 in January. The new orders component rose to 59.6 in February from 53.9 the previous month. Output climbed to 57.8 in February from 53.5 a month earlier.  Bloomberg News (3/3) and MarketWatch (3/3) also cover the story.

Canada Manufacturing Sector Improves In February.

Canada’s Financial Post (3/3) reports the RBC Canadian Manufacturing Purchasing Managers’ index rose to 52.9 in February from 51.7 the previous month.

Reuters (3/4) reports the employment component of the index rose to 50.4 last month. The gauge of new orders fell to 52.6 from 52.9 in January.

Georgia Manufacturing Activity Rose In February.

The Atlanta Journal-Constitution (3/4, Seward) reports that, according to a monthly report by Kennesaw State University’s Econometric Center, manufacturing activity in Georgia rose in February. The state’s Purchasing Managers Index rose to 56.7 in February, up from 50.0 the previous month. Fifty percent of purchasing managers surveyed believe “production for the next three to six months” will increase versus 57 percent a month earlier.

Consumer Spending Posts Solid Gain For January.

The Wall Street Journal (3/4, Portlock, Subscription Publication) reports that consumer spending rose 0.4% in January, driven by a 0.9% increase in spending on services, according to data released Monday by the Department of Commerce. That more than offset a drop in spending on goods. However, December’s originally reported increase of 0.4% was revised sharply downward to a 0.1% gain. However, several experts cited by the Journal indicate that the harsh weather that enveloped much of the nation in January makes drawing solid conclusions from this and other data difficult.

Gas Prices Rise Amid Tensions In Ukraine.

The AP (3/4) reports that Russia’s “stranglehold” on the Crimean Peninsula caused global markets to fall sharply and oil prices to rise on the prospect of “violent upheaval in the heart of Europe.” President Obama said that the US is considering economic and diplomatic sanctions to isolate Russia in the event that it continues military action in the Ukraine.

Reuters (3/4, Polityuk, Zhadannikov) notes that Ukraine has increased gas imports from Russia amid warnings that Russia’s Gazprom may not continue a discount on prices due to outstanding gas debt.

The Wall Street Journal (3/4, Denning, Subscription Publication) reports that Ukraine’s crisis poses a real threat to global oil demand, noting that Brent crude jumped 2% while Russian stocks dropped 12% on Monday, while the International Business Times (3/4, Clark) adds that energy companies exposed to tensions in Ukraine and Russia have also seen shares fall as tensions escalate between Ukraine and Russia.  Bloomberg News (3/4, Swint) also covers the story.

Analysts: Cold Weather Not Responsible For Housing Slowdown.

Diana Olick writes in the CNBC (3/4) “Realty Check” blog that while some analysts are attributing recent discouraging housing data to an extremely cold and snowy winter, others argue the weather is not to blame for the sector’s slowdown. In fact, analysts at Goldman Sachs say applying seasonal adjustments could actually distort housing data.

From SME Daily Executive Briefing 3.4.2014

U.S. manufacturing sector performance rebounds strongly in February

The Markit Economics preliminary index of U.S. manufacturing increased to 56.7 in February from a final reading of 53.7 last month, the London-based group said today.

A figure greater than 50 for the purchasing managers’ measure indicates expansion. The median forecast in a Bloomberg survey called for 53.6, with estimates ranging from 52.5 to 55.

The Markit measure is based on replies from 85 percent to 90 percent of American manufacturers who respond to a survey of more than 600 companies.

Click the image below for the full report.

Markit Report