Archive | Management

6:48 pm
August 4, 2015
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Lincoln Electric Growth Spurt Continues with Acquisition of Rimrock Holdings

Cleveland, OH-based Lincoln Electric Holdings, Inc. (Lincoln Electric), continues to expand its automation capabilities and reach with the acquisition of Rimrock Holdings Corp. (Rimrock), a privately held manufacturer and integrator of industrial automation products and robotic systems, headquartered in Columbus, OH. Terms of the deal, Lincoln Electric’s third major acquisition since last October,* were not disclosed. Rimrock, with annual sales of of approximately […]

1:24 am
July 29, 2015
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Honeywell to Acquire Thermal-Gas and Metering Technology Leader Elster

Honeywell (Morriston, NJ) has signed a definitive agreement to acquire the Elster Division of Melrose Industries plc, (Birmingham, West Midlands, UK and Atlanta, GA) for $5.1 billion. Subject to customary closing conditions, regulatory review and shareholder approval, the transaction is projected to close in the first quarter of 2o16. Elster, a leading provider of thermal gas solutions […]

7:08 pm
July 27, 2015
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Wunderlich-Malec’s VIP Services Puts World-Class Maintenance in the Palm of Your Hand

Minnesota-based Wunderlich-Malec Engineering Inc. (WM) has announced the release of VIP Services, a new maintenance tool for the industrial automation market. According to the company, VIP Services (which stands for  “Virtual Information Portal” Services) is a mobile app designed to improve efficiency, reduce downtime, attain key performance indicators (KPIs), and increase productivity, and it can all […]

8:10 pm
July 10, 2015
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Drive Strategy With Performance Metrics

Use this culture- and target-based method to unlock the hidden value of your measurements, and holistically improve your manufacturing operations. By David A. Rosenthal, P.E., CMRP For most companies, manufacturing strategy focuses on safety, cost, quality, productivity, reliability, delivery, and flexibility. Those elements are measured through performance metrics. Metrics help determine the achievement of goals for the […]

5:53 pm
July 10, 2015
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Hackers Never Sleep

When it comes to protecting your operations from cyber threats, be as aggressive as the hackers or lose productivity. Like plant safety, cyber security is everybody’s business. And it’s urgent. Regardless of origin and/or underlying agenda, hackers are targeting all sectors of the global economy. No organization or operation is off limits—yours included. The industrial […]

4:46 pm
July 10, 2015
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Carbon-Neutral Lifestyle Drives Molding Company

Injection-molder Harbec Inc. is a leader among manufacturers, boldly showing how one company can successfully integrate sustainability in all aspects of its operation. By Rick Carter, Executive Editor Two giant wind turbines spin above Harbec Inc., supplying power for the injection-molding/CNC-machining operation in Ontario, NY, some 12 miles east of Rochester. As big as the turbines are—their […]

3:00 pm
June 12, 2015
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Improved Culture Cuts Downtime

By Shadrach A. Stephens, The Dow Chemical Co. Infusing cultural improvements into reliability strategies helped Dow’s Deer Park, TX, operations realize an 85% improvement in unplanned instrument-related downtime. As management philosopher Peter Drucker once described it, “Company culture is like country culture: Never try to change it. Instead, work with what you have.” That’s what we’ve done […]

2:44 pm
June 12, 2015
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Assign Areas to Maximize Power-Plant Skills

By T.E. Baker, Sumatron Inc. Use this labor-specialization approach to make the most out of a limited number of skilled workers, cut costs, improve efficiency, and enhance safety. Countless operations around the globe are feeling the impact of the ongoing skilled-workforce crisis. That situation, combined with the types of advanced digital-logic technologies on which industries now rely, […]