NEWS DESK
Pat McGibbon, an AMT vice president, said in the No- vember statement the group expects full-year 2016 orders to fall 8% compared with 2015. Final 2016 figures won’t be available until February. —Senior Editor Bill Koenig
Koch Invests More Than $2 Billion in Infor
K
och Equity Development LLC, the investment and acqui- sition subsidary of Koch Industries Inc., agreed to invest
more than $2 billion in Infor, a provider of business applica- tions specialized by industry.
Infor said in a statement the investment will provide the company with “access to additional growth capital to accel- erate innovation” and expand distribution. Infor has more than 66 million users of its cloud applica- tions. The company’s cloud strategy uses Amazon Web Services, enabling the company to invest in deep industry functionality with capital that would otherwise be needed to maintain its own data center infrastructure.
Siemens Agrees to Acquire Mentor Graphics
S
iemens AG (Munich) agreed to acquire design automation and industrial software provider Mentor Graphics Corp.
(Wilsonville, OR) for about $4.5 billion. Mentor Graphics produces design automation software including integrated circuit (IC) and system-on-chip (SoC) design to automotive electronics.
Siemens said in a statement with the acquisition it is ex- panding its software portfolio enabling it to “offer mechanical, thermal, electrical, electronic and embedded software design capabilities on a single integrated platform.”
Advancement in 3D Printed Magnets Announced
M
agnet Applications, Inc. (DuBois, PA) announced an advancement in 3D printed neodymium iron boron
(NdFeB) magnets. Engineers from Magnet Applications, working with re-
searchers at Oak Ridge National Laboratory (Oak Ridge, TN), have proven that permanent magnets produced by additive manufacturing outperform bonded magnets using traditional methods with less waste, the company said in a statement.
22
AdvancedManufacturing.org | January 2017
Magnet Applications manufactured the starting composite pellets with 65% isotropic NdFeB powder and 35% polyam- ide nylon-12 binder in a precise ratio, blended to a consistent texture. The 3D printing was performed at the Manufacturing Demonstration Facility at Oak Ridge National Laboratory with the Big Area Additive Manufacturing (BAAM system). The complete study is published in Scientific Reports.
US Manufacturing Shows Momentum U
S manufacturing expanded in November as new orders, production and employment all grew, the Institute for Supply Management said. The Tempe, AZ-based group’s PMI, which measures economic activity in manufacturing, was 53.2% in November. That was the best PMI in over a 12-month period and an improvement from 51.9% in October. The ISM report is based on a survey of purchasing and supply executives. A reading above 50% indicates expansion and below 50% contraction.
Eleven of 18 manufacturing industries expanded, including miscellaneous manufacturing, petroleum and coal products, fabricated metal products, machinery and primary metals. Six industries reported economic contraction, including wood products, apparel, appliances and transportation equipment. Other parts of the report also showed growth. The group’s New Orders Index improved to 53% in Novem-
ber from 52.1% the month before. Nine industries reported increases in orders, including petroleum and coal products, miscellaneous manufacturing, machinery and primary metals. Nine industries posted declines, including furniture, fabricated metal products and transportation equipment. ISM’s Production Index rose to 56% in November from 54.6% in October. Nine gainers included miscellaneous manufacturing, petroleum and coal products and machinery. Six industries posted a decline in output, including transpor- tation equipment and primary metals. The institute’s Employment Index softened to 52.3% in
November. That was down from 52.9% in October. That still indicated employment expansion but the situation was mixed. Only seven of the 18 industries surveyed reported job gains. They included miscellaneous manufacturing, primary metals and machinery. Nine industries reporting job cuts included petroleum and coal products, transportation equip- ment and fabricated metal products. —Senior Editor Bill Koenig
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