BUSINESS NEWS | COMING EVENTS | PEOPLE NEWS | MERGERS EMPLOYERS IN MANUFACTURING, HOSPITALITY AND RETAIL DRIVE INCREASE IN SUMMER HIRING CHICAGO, IL-The pace of job creation may pick up over the summer months, fueled by an expected increase in seasonal hiring. Three in 10 (29%)U. S. employers plan to hire workers for the summer, up from 21% in 2011 and an average of 22 percent over the past four years. This is according to Career- Builder's annual Summer Job Forecast, conducted by Harris Interactive from February 9 to March 2, 2012, among more than 2,000 hiring managers and human resource professionals. Stronger than expected growth in the manufacturing sector, as well as increased consumer confidence heading into vacation season, are likely behind the busier summer hiring season. Employers in the following industries are expected to lead seasonal hiring: • Manufacturing: 45%(plan to add summer workers) • Hospitality: 44% • Retail: 34% • Finance: 31% "Confidence is up among the employers we most closely associate with summer hiring," says Brent Rasmussen, president of CareerBuilder North America. "This is good news for job seekers, as seasonal work can often lead to full-time opportunities. A majority of employers told us they consider a summer position an extended job interview. The forecast is also a strong indicator that the job market will continue to strengthen as we come closer to the second half of 2012." The possibility of full-time employment makes summer work a good opportunity for recent college grads, unemployed job seekers, and people who've left the workforce altogether.Seventy-one percent of employers hiring this summer said they'll be considering some hires for permanent positions. In fact, 39% of employers said they're less likely to hire someone who isn't interested in working beyond summer. A majority (64%) of employers will pay their summer hires $10 or more per hour - up from 58 percent last year.Twenty percent will pay more than $16 per hour; 29% will pay $8 to $10. While 42% of employers report that they typically complete their summer hiring by April, 38 percent complete it in May and 19% will hire in June and beyond. It's not just retail, hospitality and manufacturing jobs available this summer.Employers also plan to hire seasonal help in the following areas: customer service, office support, information technology, research, engineering and sales. This survey was conducted online within the U.S. by Harris Interactive on behalf of CareerBuilder among 2,303 hiring managers and human resource professionals (employed full-time, not selfemployed, non-government) between February 9 and March 2, 2012 (percentages for some questions are based on a subset, based on their responses to certain questions). With a pure probability sample of 2,303, one could say with a 95% probability that the overall results have a sampling error of +/- 2.04 percentage points. Sampling error for data from sub-samples is higher and varies. BROSE TO EXPAND MANUFACTURING IN MICHIGAN; ADD 450 JOBS AUBURN HILLS, MI-Fueled by significant growth with domestic OEMs, Brose North America, Inc., a manufacturer of mechatronic components and systems for vehicle bodies and interiors, signed a purchase agreement for an existing 380,000-square-foot manufacturing facility in New Boston, MI, near Detroit Metropolitan Wayne County Airport.The facility will be Brose's third in Michigan and ninth in North America. Recent new contracts with Chrysler and Ford necessitate expanding the company's manufacturing footprint in North America. For Chrysler, Brose will supply door modules to Jeep's Toledo North Assembly Plant. Brose also was recently awarded additional seat structure business on upcoming Ford passenger car and SUV models. Almost immediately, hiring will begin and equipment will be delivered with the expectation of production ramping up in early 2013. Including its regional headquarters in Auburn Hills, MI, and a production facility in Warren,MI. Brose North America currently operates eight locations in the United States, Canada, and Mexico. Jan Kowal, president for Brose North America says the company's impressive growth in the region has accelerated the need for additional workers and manufacturing capacity. The expansion, subject to approvals of state and local incentives, is expected in the coming weeks. MEDICAL DEVICE RECALLS SOAR DURING FIRST QUARTER INDIANAPOLIS-Medical device recalls increased more than 160% in the first quarter of 2012, affecting more than five times as many units than the previous quarter, according to the quarterly ExpertRecall. Products impacted by the increase include alcohol prep pads, catheters, needles and latex gloves. Consumer product recalls also increased in the first quarter of 2012. Conversely, the ExpertRecall Index found that pharmaceutical and food recalls decreased compared with previous quarters. Medical device recalls documented in first quarter U.S. Food and Drug Administration (FDA) Enforcement Reports affected nearly 82 million units, representing a 508% increase over the previous quarter and recording a five-quarter high. Additionally, about one-third of companies that faced recalls in the first quarter were involved in more than one recall event-a trend that has continued over the last five recent quarters. "While the quarter-over-quarter increase in medical device recalls is significant, this change was not all that unexpected given that recalls documented in fourth quarter 2011 Enforcement Reports were at an unprecedented low," explains Mike Rozembajgier, vice president of recalls at Stericycle ExpertRECALL."However, what is troublesome is the dramatic increase in units affected by the recalls and continued number of repeat offenders. It's scary to think about given the increasing number of devices that American patients rely on to maintain and improve their health.Consumer and patient safety should be the number-one priority for every manufacturer, distributor, retailer, doctor's office and healthcare facility." "Companies should be doing everything possible to minimize the safety concerns that would result in recalls," Rozembajgier says. "Similarly, any business or individual within a supply chain, whether a distributor or a doctor, should keep close tabs on the products they handle to ensure that potential safety concerns are identified early and reported to the manufacturer and the regulatory agency. This due diligence ensures that the impact of recalls, when they do happen, is minimized.Ultimately fewer units, and thus fewer consumers, will be affected." The ExpertRECALL Index also found that while pharmaceutical recalls hit a five-quarter low, the recalls documented in FDA Enforcement Reports affected more units than in the previous four quarters. Of the recalls documented, 20% affected over-the-counter drugs while 80% affected prescription medications. Consumer product recalls initiated at the request of the Consumer Product Safety Commission (CPSC) increased 24% quarter-over-quarter with fire hazards as the leading cause of recalls.While the consumer product category overall logged more recalls compared with the previous quarter, recalls of children's products reached a fivequarter low and accounted for just 13% of CPSC recalls. Food recalls documented in first quarter FDA Enforcement Reports decreased 19%. Of first quarter recalls, 56% earned the FDA's most severe "Class I" designation. The 2012 first-quarter ExpertRECALL Index is the only report that aggregates and tracks cumulative recall data from the CPSC and the FDA. Stericycle ExpertRECALL compiles the ExpertRECALL Index from data issued by the U.S. Food and Drug Administration and the Consumer Product Safety Commission. MARCH MANUFACTURING TECHNOLOGY ORDERS UP 11.3% MCLEAN, VA-March U.S. manufacturing technology orders totaled $495.97 million, according to The Association For Manufacturing Technology (AMT). This total, as reported by companies participating in the USMTO program, was up 11.3% from February but down 1.4% up when compared with the total of $502.89 million reported for March 2011. With a yearto- date total of $1,356.70 million, 2012 is up 12.9% compared with 2011. These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTO program. "Manufacturing is expanding with no clear signal of a downturn in sight," says Douglas K. Woods, AMT president."Manufacturing added 34,000 jobs in March; capacity utilization is just shy of 80% and USMTO order growth confounds experts as it climbed 12% over 2011 levels. However, remaining obstacles to future manufacturing investment include a lack of access to credit, global supply issues, encroaching industry regulations and taxes and overall political uncertainty." The United States Manufacturing Technology Orders (USMTO) report, compiled by the trade association representing the production and distribution of manufacturing technology, provides regional and national U.S. orders data of domestic and imported machine tools and related equipment. Analysis of manufacturing technology orders provides a reliable leading economic indicator as manufacturing industries invest in capital metalworking equipment to increase capacity and improve productivity. U.S. manufacturing technology orders are also reported on a regional basis for five geographic breakdowns of the United States. They are: • Northeast Region. Manufacturing technology orders in the Northeast Region in March totaled $71.80 million, up 34.2% from February's $53.51 million but down 7.4% when compared with the March 2011 figure.At $182.11 million, 2012 year-todate was down 0.2% when compared with 2011 at the same time. • Southern Region. Southern Region manufacturing technology orders totaled $71.24 million in March, a34. 0% increase from the $53.18 million total for February and 16.1% more than the total for March 2011.The year-to-date total of $167.11 million was 11.7% more than the comparable figure for 2011. • Midwest Region. At $152.39 million, March manufacturing technology orders in the Midwest Region fell 8.4% when compared with the $166.39 million total for February and were down 19.8% when compared with March a year ago. With a year-to-date total of $463.20 million, 2012 is up 11.5% when compared with 2011 at the same time. • Central Region. March manufacturing technology orders in the Central Region totaled $149.39 million,13. 9% more than February's $131.18 million and up 17.8% when compared with the March 2011 figure.At $410.82 million, the 2012 year-todate total was 22.0% more than the comparable figure for 2011. • Western Region. Western Region manufacturing technology orders in March stood at $51.15 million, 23.3% more than the February total of $41.50 million and 8.6% higher than the figure for March 2011. The $133.46 million year-to-date total was 13.6% above the total for the same period in 2011. MEGA DEALS DRIVE TOTAL VALUE OF INDUSTRIAL PRODUCTS M&A IN 2012'S FIRST QUARTER NEW YORK, NY-The global industrial products (IP) industry experienced an increase in the number of mega deals (value of $1 billion or more) in the first quarter of 2012, despite an overall decrease in the volume of deals (valued at $50 million or more) compared to the fourth quarter of 2011, according to a series of quarterly merger & acquisition (M&A) reports released today by PwC US. Despite improved balance sheets and liquidity across several sectors, the constrained outlook and continued uncertainty regarding the world economy continued to dampen overall M&A activity. PwC's IP practice examined activity in the first quarter of 2012 across six sectors: aerospace and defense (A&D), chemicals, engineering and construction, industrial manufacturing, metals and transportation and logistics. The total number of mega deals across the combined six sectors increased to 22 during the first quarter of 2012, almost double the 12 mega deals completed in the fourth quarter of 2011. This led to an increase in total deal value among deals worth more than $50 million during the first quarter of 2012 to $80.8 billion, as compared to just under $59.5 billion in the previous quarter. The increase in total value occurred even though the overall volume of deals exceeding $50 million decreased to 153 in the first quarter, from 168 in the fourth quarter of 2011. Deal value and mega deal activity increased in the industrial manufacturing, metals and transportation and logistics sectors. For deals worth more than $50 million, deal value in the industrial manufacturing sector surged to $15.7 billion in the first quarter, from $11.3 billion in the previous quarter.In the metals industry, the total value of deals (worth more than $50 million) increased to $18 billion in the first quarter, from $15 billion in the fourth quarter of 2011. In addition, deal value worth more than $50 million in the transportation and logistics segment rose to $22.6 billion in the first quarter, from $13.6 billion in the previous quarter. In all three sectors, the number of deals worth more than $50 million decreased sequentially, highlighting the role of mega deal activity in driving total value. "Overall M&A activity moderated during the first quarter given persistent uncertainty regarding the global economy and an ongoing emphasis to maximize profitability and conserve cash," says Bob McCutcheon, U.S. industrial products industry leader at PwC. "Issues such as concerns over the sovereign debt crisis in Europe and the breadth of the U.S. recovery continue to weigh on the market. On a positive note, total transaction value grew sequentially during the quarter given the resurgence of mega deals across multiple sectors. Bolstered by strong balance sheets and attractive valuations among targets, the uptick in larger transactions was primarily driven by strategic investors who tapped into their cash resources to pursue selective opportunities. Looking ahead, companies that are benefiting from privatization and the infrastructure build-out in emerging markets remain appealing targets, particularly in Latin America and Asia. Given the ongoing focus to expand globally, as well as ample liquidity, we expect strategic players to continue to pursue a prudent approach to M&A in the year ahead." According to PwC's reports, the Asia and Oceana region remained the most active for deals during the first quarter of 2011, accounting for 46 %of the total number of deals exceeding $50 million or more across all sectors. This included deals where at least one party was from the region. Europe and North America were the second and third most active regions. Despite the needs to expand globally to secure new growth opportunities, the pace of local deals continued to represent the majority of transactions during the first quarter, reflecting the cautious outlook.The pace of local deals worth more than $50 million increased to 66.7 % of deals in the first quarter of 2012 compared to 65.7 % of deals in the fourth quarter of2011. At the same time, cross-border deals (worth more than $50 million) decreased slightly to 33.3 percent in the first quarter, from 34.3 % in the fourth quarter. Strategic investors continued to lead activity across the IP industry, but financial investors increased their activity levels in the first quarter of2012. Across all IP sectors, 26.2 % of deals that were worth more than $50 million involved financial investors in the first quarter, a slight increase from23. 1 % of such deals in the fourth quarter of 2011. ASSOCIATION NEWS CHICAGO, IL-On Friday, May 11, the Turnaround Management Association (TMA)'s Midwest Chapter held its third of four industry forums at Chicago's Plymouth Club, this one focusing on what the future holds for the manufacturing industry. A diverse group of panelists discussed this issue in detail before a room full of local and regional business leaders. They covered topics ranging from how they survived challenges such as higher labor and healthcare costs, pollution abatement fees, and higher business taxes; advised on operating strategies and tactics that manufacturing companies can deploy now to improve performance; and tips on capitalizing on a future recovery. The panel was moderated by Daniel McGuire, a partner in the Chicago office of Winston & Strawn LLP. He concentrates his practice in the insolvency, bankruptcy, and business reorganization fields. The panelists included: • Buckley Brinkman, the executive director and CEO of the Wisconsin Manufacturing Extension Partnership (WMEP), a non-profit consulting firm that serves small and medium manufacturers in Wisconsin; • Brian Stewart, a certified treasury professional and a director with The Keystone Group; • Bill Testa, a vice president and director of regional research in the Economic Research Department at the Federal Reserve Bank of Chicago, where he covers the manufacturing industry in the Midwest; and • David Westgate, chairman, president and CEO of Jason Incorporated, parent company to a global family of manufacturing leaders within the seating, finishing, components and automotive acoustics markets. Panelists discussed the strengthening of the domestic manufacturing industry through reshoring; the general-industry-shift toward lean manufacturing-"in the '08 downturn, inventory became a thing of the past," Westgate said; and the need for more skilled labor, among other topics. BUSINESS NEWS Engineering technology company RENISHAW (Glucestershire, UK) has gained ownership of R&R Sales (Grand Haven, MI), a Michiganbased supplier of fixture tools for the global metrology market. The acquisition will permit Renishaw to augment its metrology system sales. The R&R fixture is mainly used to hold par ts for dimensional inspection in almost every manufacturing field; from automotive, aerospace and electronics to medical and household appliances. TÜV RHEINLAND (Boxborough, MA) is celebrating 140 years of delivering premier independent certification, testing and assessment services to businesses around the world. The company is known for employing innovative ideas, solid technical knowledge and a global network to ensure the safety and quality in interactions between people, technology and the environment. HEXAGON AB (Stockholm, Sweden), leading global provider of design, measurement and visualization technologies, has acquired all shares in the Norwegian company My Virtual Reality Software AS (myVR). MyVR provides software that offers a solution for 2-D, 3-D and 360-degree viewing for desktop and mobile. The company has developed a patented technology platform that enables high-resolution real-time viewing of interactive maps over networks with limited bandwidth.The platform makes it possible to view large-scale models on any 3D hardware-supported client platform, including mobile phones and tablets. CAPTURE 3D'S (Costa Mesa, CA) 5th biannual Measurement Innovation Conference will be held on August 21-23, 2012 at the Hilton Hotel in Costa Mesa, CA. This educational event focuses on how companies are improving their design, production and manufacturing with innovative 3-D measurement technology. NASA will deliver the keynote speech, titled "30 Years of Optical Metrology Innovation in Space Shuttle Engineering." Additional guest speakers are from a variety of leading industries and include: Alcoa Howmet Castings; Chrysler; Mann+Hummel; and Pratt & Whitney. In recognition of C-LABS' (Sammish, WA) C-DEngine, a device that integrates smart connected devices with mobility and cloud computing, C-Labs been awarded the Frost & Sullivan Entrepreneurial Company of the Year Award for Plant-to-Enterprise Integration Solutions, North America, 2012. This award was based on growth strategy excellence, degree of innovation with products and technologies, and leadership in customer value. PLEXUS CORP. (Neenah, WI) intends to construct a 410,000-squarefoot manufacturing facility in Neenah, WI. This facility will replace two existing leased facilities in Neenah and will consolidate approximately 1,000 employees into the new building. The facility is expected to cost approximately $50 million, with construction expected to begin in July 2012 and to be complete in fall 2013. The testing and calibration laboratories of BYK-GARDNER (Columbia,MD) , worldwide partner of the automotive, paint and plastic industries for quality control of color, appearance and physical properties, have been accredited to ISO/IEC 17025:2005 by ACLASS. ACLASS, one of two brands of the ANSI-ASQ National Accreditation Board, provides accreditation for ISO/IEC 17025 testing and calibration laboratories.ACLASS is recognized by ILAC, APLAC, and IAAC as a signatory of multilateral recognition arrangements that facilitate acceptance of test and calibration data internationally. BLACKLAND AEROSPACE (Dallas, TX), the aerospace component manufacturing platform of Dallas-based private equity firm Blackland Group LLC, has acquired Lewis Machine Co. (East Hartford, CT), which specializes in manufacturing complex precision-machined components for clients in the commercial and military jet engine, airframe, missile and power plant industries. Lewis supplies engine components for most major U.S. fighter platforms, including the F-15, F-16, F-22 and the F-35 Joint Strike Fighter. They also make engine components for most commercial airliners including Boeing 737, 747, 767 and 777 and Airbus A320, A330 and A380. Lewis Machine was represented by Lyons Solutions, LLC.
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