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Archive for November 2009

IWF offers exhibitors cost assistance for 2010 fair

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IWF will provide a credit of $1 per square foot that each paid exhibitor takes at the 2010 Fair for use toward drayage or electrical services at IWF.
“The IWF Board of Directors recognizes the importance of investing in our industry by providing our exhibitors financial assistance to help them showcase their woodworking products at IWF,” said Riccardo Azzoni, IWF 2010 chairman and president of Atlantic Machinery Corp.
For an exhibitor with a 1,000-square-foot booth, IWF will give $1,000 toward the exhibitor’s GES drayage bill. If the credit is greater than the exhibitor’s bill, the remaining credit will be applied to the exhibitor’s Georgia World Congress Center electrical bill.
For more information on the Exhibitor Costs Assistance Program, e-mail iwf@iwfatlanta.com.
The fair is scheduled for Aug. 25-28, 2010, in Atlanta at the Georgia World Congress Center.

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November 30, 2009 at 12:04 pm

Stanley Works buys Black & Decker

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The Stanley Works recently purchased the Black & Decker Corporation, in a merger creating Stanley Black & Decker. The all-stock transaction is valued at approximately $4.5 billion.
Under the terms of the transaction, which has been approved by the boards of directors of both companies, Black & Decker shareholders will receive a fixed ratio of 1.275 shares of Stanley common stock for each share of Black & Decker common stock they own, representing an implied premium of 22.1 percent to Black & Decker’s share price as of Oct. 30.
Upon closing, which is expected in the first half of 2010, Stanley shareholders will own approximately 50.5 percent of the equity of the combined company and Black & Decker shareholders will own approximately 49.5 percent. The nine members of the current Stanley board of directors will be joined by six new members from Black & Decker’s board of directors.
John Lundgren, chairman and CEO of Stanley, will be president and CEO of the combined company. Nolan Archibald, chairman, president and CEO of Black & Decker, will be executive chairman of the combined company for three years.
“The driving motivation of the transaction is the present value of the $350 million in annual cost synergies and the combined financial strength and product offerings of the merged companies,” said Archibald.
Power tool brands under the Stanley name include FatMax, Bostitch, Facom, Proto, Mac Tools, Sonitrol, Stanley Security Solutions, Best and Vidmar. Black & Decker brands include DeWalt, Porter-Cable, Emhart Teknologies, Kwikset, Baldwin and Price Pfister.

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November 27, 2009 at 8:00 am

GFS invests in ‘green’ manufacturing equipment

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Global Finishing Solutions, GFS, has invested in a new turret press for its sheet metal processes at its Osseo, Wis., facility.
The new turret, a Murata Motorum Servo-Drive press, is 100 percent electrically operated, using approximately 70 percent less energy than other turrets with similar capabilities, according to GFS. The use of servomotors in place of hydraulics eliminates the need for the use of oils or refrigerant coolers.
The company said the new turret doubles operation speeds, provides improved production capabilities and lowers operating costs.

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November 25, 2009 at 8:00 am

Techno CNC offers $1K discount on CNC router machines

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Techno CNC is offering a $1,000 incentive to purchase one of the company’s CNC router machines.
Learn more about the discount and see a video of the machines in action.
The Pro-series CNC router is designed to meet the production needs of panel processing shops, and its LC series has two table top models for small-part processing. The Patriot CNC is aimed at prototyping, model making and schools teaching CAD/CAM technology to students.
For more information, call 516.328.3970.

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November 24, 2009 at 8:00 am

KCMA environmental program expands certification

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The Kitchen Cabinet Manufacturers Association board of directors recently approved measures to strengthen and clarify requirements for companies to attain certification under the association’s Environmental Stewardship Program. The changes are effective Jan. 1, 2010. 
Compliance with all applicable local, state and federal environmental regulations is a fundamental ESP requirement. To strengthen that requirement, ESP now requires participants to report any violation resulting in a fine exceeding $50,000 to KCMA within 60 days. Resolution of such a violation could result in termination of the participant from the program.
ESP now encourages increased use of low-formaldehyde emitting materials in the production of cabinetry. Points are awarded for participants who use at least 80 percent (formerly 75 percent) particleboard, medium-density fiberboard and hardwood plywood that comply with the emissions limits established by the California Air Resources Board. Third-party certification and labeling are required to demonstrate compliance.
To earn points under the Product Resource Management criteria, 80 percent of particleboard, MDF and hardwood plywood used in cabinets must contain 100 percent recycled or recovered fiber content.

Overview of changes to program:

  • Procedures and penalties for environmental violations added
  • Encouraged increased use of low-emitting composite wood
  • Increased focus on recyclable materials

More than 150 companies/brands are ESP certified.

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November 23, 2009 at 8:00 am

NeoCon East brings in more than 7K attendees

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The seventh annual NeoCon East brought in 7,331 attendees and 271 exhibitors to the Baltimore Convention Center, Oct. 28-29.
Show officials are reporting a strong exhibitor re-sign rate for 2010.
The show offered 53 CEU-accredited programs, in 14 educational tracks.
NeoCon East 2010 will return Sept. 29-30, 2010, at the Baltimore Convention Center. For more information, call 800.677.6278.

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November 20, 2009 at 10:14 am

Straight line system boosts rip productivity

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Straight Line Replacement system allows more volume and the ability to cut many special sizes while reducing labor. Read the full article in CabinetMaker+FDM.

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November 19, 2009 at 3:00 pm

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