Industry News Abrasive Power Tool Manufacturer Dynabrade, Inc. Names New President Dynabrade, Inc., a leading industrial abrasive power tool manufacturer, is pleased to announce the appointment of Michael Buffamonti as the company’s new president, Michael Buffamonti, president, effective April 1, 2021. Mr. Dynabrade, Inc. Buffamonti most recently held the role of chief financial officer for the company and has been a key member of the executive management team for many years. Prior to joining Dynabrade, he held various management positions at Deloitte LLP. Mike is a proven, trusted leader, who has been involved in every aspect of Dynabrade’s business over his 25-year tenure. Since the beginning of his career at Dynabrade, Mike worked very closely with the company’s founder, Walter Welsch. He is committed to upholding the strong ideals on which the company was founded upon. “I am very excited for this opportunity to lead Dynabrade into the future. I am dedicated to Dynabrade’s continued success for the benefit of our Welsch Family shareholders and our valued employees. I want us to think big and act boldly. Dynabrade is a highly regarded American-made brand supported by a team with a shared vision for U.S. and international growth. I am honored for the opportunity to lead our strong team of Dynabraders” states Mr. Buffamonti.
The Reshoring Initiative, PMA, NTMA, and AMT Launch 4th Annual National Metalworking Reshoring Award Four leading manufacturing associations have announced the 4th National Metalworking Reshoring Award competition. Companies that have successfully reshored products, parts, or tooling made primarily by metalforming, fabricating, casting, or machining, including additive manufacturing, are invited to apply. The Reshoring Initiative, PMA, NTMA, and AMT are pleased to sponsor this competition. To be eligible for the award, the reshoring must have been done between Jan. 1, 2013, and May 31, 2021, from outside North America to North America. Reshoring includes work that is produced either in-house or outsourced. Applications must be submitted by June 30,
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2021. To view award details and enter to win, visit www.amtonline. org/article/fourth-national-metalworking-reshoring-awardsubmission-entry. “From 2010 to 2020, more than one million jobs were announced as coming to the United States from offshore. This is a tremendous achievement, and we seek to motivate and honor the companies that have made reshoring a reality,” said Harry Moser, founder and president of the Reshoring Initiative. Questions about the National Metalworking Reshoring Award can be directed to Harry Moser at 847-867-1144 or harry.moser@ reshorenow.org. For more information on AMT’s efforts on reshoring and supply chain efforts, visit IMTS.com/supplychain.
Custom Industrial Products Increases Starting Minimum Wage Custom Industrial Products (CIP) is proud to announce a starting minimum wage of $15 per hour, effective March 29. CIP employees who were already making $15 an hour have had their wages increased as well. “We believe it’s vital in these uncertain times, in the midst of a pandemic, that we as an organization continue to invest in our people as well as contribute to the regrowth of the economy,” said Tom Tenney, CEO of Custom Industrial Products. “By paying more than many of our competitors we hope to attract the best new employees and retain the kind of employees we need”, said Tenney. Prior to this increase, the starting wage averaged around $11 per hour. When asked how this increase will impact their daily life, shop powder coater, Robert Arnold said “it will help a lot. The Increase will pay for my wife to continue her education.” “CIP has an aggressive growth plan. To meet our goals, we need to recruit new employees and retain our best employees,” said Tenney. “We’re delighted to share our company’s success with the employees who make us successful.”
Siemens and SAP Expand Partnership to Deliver Intelligent Service and Asset Lifecycle Management Solutions With an initial focus on discrete manufacturing, Siemens will begin to offer SAP® Asset Intelligence Network, the SAP Asset Strategy and Performance Management application, and the SAP Enterprise Portfolio and Project Management package. SAP will offer Siemens’ Teamcenter® software service lifecycle management (SLM) portfolioto enable an ecosystem with integrated service engineering and asset operations. The companies plan to deliver new cloud-based services that can help industrial equipment manufacturers to increase critical asset operational efficiency, avoid unplanned downtime and shorten design cycles in asset engineering projects. This can help maximize business value over the entire product and service/asset lifecycle and enable new collaborative processes between manufacturers and operators. Building on the strategic partnership between Siemens and SAP announced in July 2020, these new solutions can enable industrial equipment
