Home / Industry News (Page 19)

Industry News

Filter by Process Zone:

All Industry News (Page 19)

Fast and highly repeatable geometry laser system greatly reduces calibration time

Hamar Laser Instruments, L-703SP Surface Plate Calibration System, L-703S Spindle and Straightness Laser, T-1297 3-Axis Wireless Straightness Target, Rod Hamar, laser-based calibration system, Plane6 Surface Plate Calibration Software, the A-703SP-LM Laser Mounting Fixture, A-703SP-SE Straight Edge & Ruler, A-1297-SP High-Accuracy Flatness-Measuring Base, and A-703SP-SE-CLT Corner and Mid-Point Locating Tool.

November 18, 2023 | Measurement & Inspection

Hamar Laser Instruments unveils the L-703SP Surface Plate Calibration System, which offers many advantages over conventional methods.

Big Rapids Products Increases Uptime by More Than 25 Percent with new Servo Press

Big Rapids Products, AIDA Servo Press, metal stamping and assembly, AIDA 630 Metric ton progressive die direct-drive servo press, AIDA/Allen-Bradley PLC, DSF-M2-6300 press

November 18, 2023

Big Rapids Products has installed its first AIDA servo press, housed at one of its Mt. Sterling, Ky., facilities.

Equipment Finance Company Closes 17th Asset-backed Security Transaction

Commercial Credit Group Inc. (CCG), an independent commercial equipment finance company, recently announced that it has finalized a $427,538,000 term asset-backed security (ABS) transaction. The securitization was placed with a diversified group of fixed income investors from 32 unique institutions. Wells Fargo Securities, LLC served as Structuring Agent and Lead Bookrunner for the placement. The securitization is supported by CCG’s finance originations in the construction, fleet transportation, manufacturing, and waste equipment industries and is comprised of five classes of notes which carry the following ratings: Notes S&P Moody’s Dollar Amount Class A-1 A-1+ P-1 $94,600,000 Class A-2 AAA Aaa $277,047,000 Class B AA Aa2 $21,822,000 Class C A A1 $16,033,000 Class D BBB+ Baa2 $18,036,000 “This is CCG’s second securitization of the year, and our largest transaction to-date. We're delighted with the positive reception of this offering and grateful for the ongoing support from the institutional ABS investor community," Stated Paul Bottiglio, CCG’s SVP and CFO. “This transaction further enables us to assist our middle-market customers in the financing of their mission-critical equipment.” About Commercial Credit Group Inc.: Commercial Credit Group Inc., a wholly owned subsidiary of Commercial Credit, Inc., is an independent commercial finance company that provides equipment loans and leases to small and mid-sized businesses in the construction, fleet transportation, machine tool and manufacturing and waste industries. The company’s sales force is located throughout North America. Since its inception in 2004, CCG has originated over $6.5 billion of equipment loans and leases. CCG is headquartered in Charlotte, NC. For more information, please visit www.commercialcreditgroup.com.

November 16, 2023 | Business | Business Services

Charlotte, N.C.-based Commercial Credit Group Inc. closes $427,538,000 Term ABS (CCGR Trust 2023-2); it is the company’s largest transaction to-date.

More than 300 Customers and Dealers Attend MC Machinery’s Summit

MC Machinery Systems EDM and Milling Technology Summit, Magnum Precision Machines, North-South Machinery, Reshoring Initiative, Harry Moser, Mitsubishi MV Series of wire EDMs, OPS Ingersoll precision milling equipment, Mitsubishi AZ600 wire-laser metal 3D printer, Frank Maehr, Millennium Machinery

November 16, 2023

MC Machinery Systems EDM and Milling Technology Summit featured a variety of educational seminars led by industry experts, equipment demonstrations and more.

Airgas Earns Gold Level and has Been named by VIQTORY to the 2024 Military Friendly Employers List

Stamy Paul, Airgas, Air Liquide, VIQTORY, 2024 Military Friendly Employers, Operation Homefront

November 14, 2023

Airgas has continually supported veterans and military families, and includesnearly 1,200 current veteran associates who are respected for their service, relied on for their leadership and valued for their teamwork.

New Automation Service Delivers Robotic Solutions for Metalworking Businesses

Cédrik Rochon, Maximiliano Falcone, PushCorp, ATI Automation, Effecto, formerly Applied Robotics, WALTER Surface Technologies, Eliane Ouimet, robotic applications, heavy grinding, deburring, drilling, finishing, material removal

November 14, 2023

Walter Surface Technologies has partnered with a large network of North American system integrators and end-of-arm tool manufacturers that specialize in robotic systems and material removal operations to craft a fast but thorough automatization process.

Wintriss Controls Group: Recap of FABTECH 2023

Wintriss Controls Group, SmartPAC PRO Press Automation Controller, ShopFloorConnect OEE and Data Collection Software, Jim Finnerty, FABTECH 2023

November 14, 2023

Wintriss draws attendees to its FABTECH 2023 booth for automated press control and OEE/ Data Collection Software Demonstrations.

TRUMPF’s Leibinger Receives the Schawlow Award

Peter Leibinger, TRUMPF Supervisory Board Chairman, Laser Institute of America, Schawlow Award

November 14, 2023

The award recognizes outstanding achievements leading to a fundamental understanding of laser technology and its applications. The award is named after Nobel Prize winner Arthur L. Schawlow and has been presented since 1982.