Manufacturing: Page 4

Manufacturing
U.S. Manufacturing Technology Orders up 14% in November 2021
The Association For Manufacturing Technology (AMT)
The off-road equipment sector helped drive an increase in manufacturing technology orders reports the Association For Manufacturing Technology.
Strong demand for off-road equipment helped to drive orders for manufacturing technology in November 2021.
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Manufacturing
Hyundai Construction Equipment Expanding Production Capacity 50%
Hyundai Construction Equipment Americas Inc.
The company is investing $170 million in its Ulsan factory to increase production capacity by 50% and simplify its manufacturing processes for increased efficiency.
Hyundai Construction Equipment’s Ulsan Factory
Engineering & Manufacturing
Top 5 Equipment Manufacturing Trends for 2022
The Association of Equipment Manufacturers analyzes the top trends expected to impact heavy equipment manufacturers in 2022 and beyond.
Heavy equipment manufacturers will need to monitor five key trends which could impact the industry in 2022 and beyond.
Market Analysis
Consumer Demand Remains High, Supply Chain Improves Slightly in November
Institute for Supply Management (ISM)
Economic activity in the manufacturing sector grew in November, with the overall economy achieving an 18th consecutive month of growth, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.
Demand remains strong in the manufacturing sector, though supply chain and workforce challenges remain.
Manufacturing
Metalformers Continue to Experience Supply Shortages and Other Challenges
Precision Metalforming Association (PMA)
PMA's November Business Conditions Report shows member activity is strong but challenges with sourcing raw materials continue to plague many.
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Manufacturing
Supply Chain and Other Challenges Continue to Plague Metalforming Companies
Precision Metalforming Association (PMA)
PMA's October business conditions report shows 25% of metalforming companies are predicting a drop in economic activity in the next 3 months.
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Manufacturing
Work Truck Shortages Likely to Linger
Supply chain challenges continue to restrict truck availability, and are expected to continue well into 2022 which will impact work truck availability.
Truck production is being negatively impacted by the semiconductor shortage, which is causing other supply chain challenges as well.
Manufacturing
Metalforming Companies Face Challenges with Supply and Worker Shortages
Precision Metalforming Association (PMA)
PMA’s September report shows that only 26% of metalforming companies forecast an increase in economic activity in the next 3 months as challenges continue with raw materials and worker shortages.
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Manufacturing
CNH Temporarily Shuts Down Manufacturing Sites in Europe
CNH Industrial
Ongoing supply chain disruptions have prompted to the company to temporarily close several of its manufacturing facilities.
The New Holland Agriculture manufacturing facility in Jesi, Italy.
Materials
Volvo Group Launches World’s First Vehicle Made with Fossil-Free Steel
Volvo has unveiled a load carrier for use in mining and quarrying made from SSAB's fossil-free steel, and has plans to produce more such vehicles in 2022.
Volvo Ce
Market Analysis
Tariff Discussions Need to Continue Says Equipment Manufacturing Industry
Association of Equipment Manufacturers (AEM)
Statements from AEM leadership show industry support to continue the effort to find a mutually beneficial solution to currently enacted tariffs.
Tariffs have added extra input costs on heavy equipment manufacturers.
Manufacturing
Equipment Manufacturers Express Frustration with Lack of Progress on Infrastructure Bill
Association of Equipment Manufacturers (AEM)
AEM's Kip Eideberg says pass of infrastructure bill could greatly benefit the 2.8 million men and women working in the equipment manufacturing industry.
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