After Two Years, Every Day is Gravy

By Lloyd Graff

August 29, is the second anniversary of the day I almost died. I hesitate to revisit it in this blog because I’ve already written about it extensively in the magazine. But I am of the philosophy that you should never let a good crisis (or the memory of one) go to waste, so I’m going to bring it up once more.

IMTS 2008 was coming up, but I was feeling so crappy I didn’t care. I had spent two weeks pretending to vacation with my family in Michigan. I drove home with my daughter Sarah and remember feeling so depressed I barely spoke during the hour and a half drive. A week later, my wife Risa and I sullenly drove 55 miles to St. Francis Hospital in Evanston, Illinois. I walked to the doctors office of my friend, Dr. Chris Costas, and waited while he attended to a child with a cold. How stupidly polite I was. When Chris came out and saw me waiting, he put a stethoscope to my chest and immediately announced that I was in congestive heart failure. He then wheeled me to the emergency room himself. I remember very little except being super scared as they cut my clothes off. Risa told me that the doctors were pessimistic about my survival after looking at my arteries. A cardiologist from Pakistan named Mohammed Akbar was available in the hospital, and he volunteered to try to place a stent in my blocked LAD coronary artery. He succeeded, which bought time to do a quadruple bypass surgery after my body could strengthen for three days.

I remember virtually nothing from those three terrible days, but for Risa they were probably the most moving of her life, and I have relived them vicariously through her stories. My children dropped everything and rushed to her side. Friends and family flew and drove in from everywhere. Camp was set up in the waiting room with air mattresses. It was Friday night, so the Jewish Sabbath blessings were said in the Catholic hospital waiting room over candles and brought in pizza. Everybody held on to one another, praying for good news. Several doctor friends arrived to ask questions and translate medical language to the rest of the group. The ICU nurses at first regarded the amassing family members with reservation, but then embraced them. For three days, I had a breathing tube along with a million monitors and tethers, so I tried to sleep as I hoped for a successful surgery after the Labor Day holiday.

16 days later, I left the hospital with Risa and we drove home. Not a day has gone by when I didn’t think about those tumultuous days. After two years, for me every day is gravy.

Mori Seiki Partners With Ellison Technologies in Canada 

Chicago, Illinois, August 23, 2010 – Mori Seiki announced today that it has entered into a distribution agreement with Ellison Technologies to serve and support Canada, effective August 9, 2010.

“Having Ellison Technologies as our new exclusive distributor in Canada will allow us to leverage our valued partnership and synergy we currently share in the U.S.,” said Jim Okada, President of Mori Seiki Americas.

For the past 14 years, Ellison Technologies has supported the Mori Seiki line in British Columbia with great success. Additionally, Ellison Technologies brings over 55 years of machine tool experience in the United States and is known in the industry as a total manufacturing solutions provider. This expansion makes Ellison Technologies the largest machine tool distributor in North America.

“We’re very excited about expanded partnership with Mori Seiki in Canada,” said Graham Hooper, president of Ellison Technologies’ Western Region and Canada. “We pride ourselves on the fact we’ve been able to grow as a result of the success and growth of our customers. We look forward to this continued partnership approach with the Canadian market by enabling them to become globally competitive through the integration of advanced technology, robotic automation and engineering capabilities.”

Ellison Technologies, in full partnership with Mori Seiki, will begin operations in a new facility in Mississauga, Ontario. The technical center and showroom will enable Ellison Technologies to provide Mori Seiki customers the best in sales, service, and engineering.

New Facility/Contact Information:
6497 Edwards Blvd.
Mississauga, ON L5T2V2
Phone: 877.765.1331
Fax: 905.656.0234
Parts: 888.207.2787

Stocks on Steroids

By Lloyd Graff

The lead story in the Sunday New York Times discussed the “striking” drop in the investment in common stocks. The article went on to talk about the widespread disillusionment with equities since the dot-com crash and the subprime demolition. The Dow Jones average is actually down over 1000 points since 2001.

Personally, I think the widespread disgust with the stock market performance by individual investors derives from the “gaming” of the market by professional computer jockeys for whom long-term investing is holding a stock or an index for a week. The Quants, for whom the stock market is a video game, use huge leverage and a lightning fast computer thumb to play for pennies on a $50 stock.

I was thinking about this as I watched both the Little League World Series and Major League baseball games this past weekend. The kids are allowed to use metal and graphite bats but in Pro ball only wood bats are used, because it would be unsafe for the big boys to use metal sticks at the plate. Pitchers would literally get killed by batted balls.

We have speed limits on our highways and hold the maximum speed of showroom cars well below what is possible. But for trading stocks we have allowed the “gamers” to turn the markets for the most important business enterprises in the world into a casino block. This is nuts.

Major League baseball finally shut down the steroid tap, but stock trading is so out of control it is poisoning the public markets. Just because a Ford can theoretically go 200 mph on the interstate does not mean it should be legal.

Until the equities market or government regulators hold back the velocity of trading, long-term investors will take their marbles and go home.

Question: Should there be “speed limits” for professional traders?

Early Quant

Ethics Column: Divided Loyalties

By Russell Ethridge

My company submitted a proposal for rigging services as part of an engineering firm’s bid to layout and install machinery at a customer’s manufacturing plant. The job will be profitable, and we work frequently with this engineering firm. Since submitting our proposal, I received a call from the manufacturing customer wanting to know if we would work directly with them and split the savings they would realize by cutting out the engineering firm’s markup. If we say yes, we’ll do better on the deal, but at minimum, the engineering firm will lose their margin on our work and may be cut out of the deal entirely. If we say no, neither of us may get the work. No one’s signed anything yet.

You are justifiably concerned about violating the time honored loyalty rule that “you dance with the one that brung ya.” If you agree upfront not to bid directly or not to bid as part of some other engineering firm’s proposal, the ethical dilemma is answered by the agreement because your agreement identifies the scope of your loyalty and was made in the absence of any actual opportunity. Here, however, you must make the decision under the pressure of real temptation.

Read full article here

Sandvik Coromant Announces Technologic Event Focusing on Difficult-to-Machine Materials

Sandvik Coromant has announced that it will be holding a Technologic event focused on machining processes for applications with difficult-to-machine materials. The event will take place on October 27, 2010 at the Sandvik Coromant Productivity Center in Schaumburg, Illinois and feature a variety of sessions from 9:00 am to 6:00 pm.

The morning portion of Technologic will focus on machining techniques for applications in heat resistant super alloys, titanium, composites, cobalt chrome and hardened steels. Three afternoon presentations will cover innovations in PCBN tooling, the financial impact of productivity improvements and Sandvik Coromant’s 2010 product introductions. Each of these presentations will be offered at 1:00 pm, 2:30 pm and 4:00 pm, to provide attendees with the flexibility to easily attend any or all of them.

“We have been holding Technologic events for a year now and the feedback has been tremendous,” says John Israelsson, president of Sandvik Coromant. “The technical material presented through these events supercedes any individual products and gets to the heart of processes that can help American manufacturers further enhance their competitive advantages. By working together with partners throughout the industry, we’re able to bring together a powerful base of expertise and put it at a manufacturer’s fingertips.”

Technologic will showcase cutting demonstrations on equipment from DMG, Haas, Mazak, Mori Seiki and Okuma. Additionally the Productivity Center’s Smart Hub will be manned by cutting tool experts all day, who will be available to answer questions and offer advice on attendees’ most demanding applications.

The Sandvik Coromant Productivity Center in Schaumburg, Illinois is located at:

Sandvik Coromant Productivity Center
1665 North Penny Lane
Schaumburg, IL 60173

To register for Technologic, please visit http://www.regonline.com/2010technologic.

Three Amigos: Manufacturing, Murder, Mexico

By Lloyd Graff

The consulting firm AlixPartners makes a yearly assessment of competitive economies worldwide for manufacturing firms. The number one country for the last two years has been Mexico. Interestingly, China was sixth and the U.S. was eighth. I was particularly dubious of the survey after reading yesterday’s lead piece in the Wall Street Journal about the chaos in Mexico that has spread from the border drug wars to the capital of Mexican industry, Monterrey.

The last time I was in Monterrey I stayed at the Holiday Inn near the exhibition center. According to the Journal piece, that hotel was stormed by masked gunmen last April. “The security environment has changed from seeming benevolence to extreme violence,” said U.S. Ambassador to Mexico, Carlos Pascual, recently.

Monterrey is a city of 2 million people, a four hour drive from the Texas line. It is a wealthy town with Mexico’s top technical college, the Monterrey Institute of Technology. In March two students were killed in a shootout with soldiers. The mayor of the wealthy suburb of Santiago was just assassinated. Mexico may be competitive with skills, infrastructure and great access to the American market, but the carnage from the overflow of the Narco Wars, which has left 28,000 people dead in the last four years, would make me hesitate to make a major investment in the country.

The last time I visited Mexico was three years ago to see a client in Tijuana. I had a ride to and from the crossing point, but even with the escort I was relieved to return to San Diego.

Is Mexico the most “competitive” economy in the world? Not if you need a bodyguard when you check into the Holiday Inn in downtown Monterrey.

Question: Should the U.S. spend billions on a fence to secure its borders with Mexico?

Alternative question: Who is your favorite of the Three Amigos?

Mazak Expands Online Training Class Offerings

Florence, Kentucky, August 19, 2010 – Mazak Corporation today announced that it has further expanded the online portion of its comprehensive Progressive Learning program with the development of four new Mazak-specific programming classes offered in partnership with ToolingU.com. These new classes provide users with a web-based, self-paced introduction to Mazak machine controls, which allows shops to program in either a conversational mode with MAZATROL or EIA/ISO programming environment.

Two of the four new classes teach MAZATROL EIA/ISO (G-code) programming for mills and turning machines, as well as NEXUS turning and milling operations. The other two classes provide instruction on creating MAZATROL conversational programs for mills and lathes. These four new classes join the 16 other Mazak-specific classes offered at ToolingU.com, the industry’s most popular online training source for manufacturing.

Mazak’s Progressive Learning program takes a unique approach to education and training to maximize student understanding and retention. Mazak’s Progressive Learning program offers a comprehensive range of classes, from basic to master elite in a variety of formats. Formats and structure for each class are determined based on the complexity and applicability of the course content, as well as the means by which the content is best imparted to the user. This tiered approach to learning is illustrated in the Mazak Pyramid of Learning.

In the Progressive Learning model, basic-level classes are most appropriate for a self-paced, online environment. By offering this level of class online, shops benefit from the convenience of web-based content, increased accessibility to training and reduced costs.

“At Mazak, we understand that people are a shop’s greatest asset,” said Brian Papke, president of Mazak Corporation. “Skilled, well-trained operators are able to better maximize new technology and improve manufacturing processes. Our Progressive Learning approach ensures that regardless of need, location or budget, shops have access to the comprehensive range of education and training they need. These programs offer customers the opportunity for training in their individual plants, or they can attend training sessions at Mazak Technology Centers and Distributor Technical Centers”

In addition to its online class offering, Mazak offers a complete range of hands-on, maintenance, programming and user group classes at the Learning Center in Florence, Kentucky, as well as its seven Regional Technology Centers in North America.

For more information on Progressive Learning and to register for upcoming classes, please visit, www.mazakusa.com/learning.

About Mazak Corporation
Mazak Corporation is a leader in the design and manufacture of productivity-improving machine tool solutions. Committed to being a partner to customers with innovative technology, its world-class facility in Florence, Kentucky recently initiated a $9 million manufacturing expansion. The facility’s “Production on Demand” manufacturing concept uses the latest in machine tool technologies as part of its lean strategy. Continuous training and development of the workforce has created a “lean” culture, which has created opportunities for continuing growth in America. Mazak maintains eight Technology Centers across North America to provide local hands-on applications, service and sales support to its customers. For more information on Mazak’s products and solutions, visit www.mazakusa.com.

The Eclectic Style of Jeff Begg

By Lloyd Graff

Jeff Begg

When you enter a machining firm which cuts millions of pounds of brass bar each year, you expect to find a line of New Britain screw machines or Davenports – bunches of almost identical automatics methodically turning out fittings.
But at Marshall-Excelsior Corporation in Marshall, Michigan, the machinery assortment reflects the eclectic taste of its owner, Jeff Begg. A little bit of this, a little bit of that. Warner-Swaseys, New Britains, Davenports, Wickmans, National Acmes; 5-spindle; 6-spindle; 8-spindle; a menagerie of screw machines bite at the brass rod, turning out Jeff’s variegated mixture of niche market non-ferrous fittings.

Begg’s mixture of screw machines cannot be easily type-cast. If it’s a good buy and it cuts brass with efficiency, he’s usually interested. Jeff Begg has built a thriving independent fittings business in southern Michigan amidst the wreckage of automotive-land by following his instincts and his own intense personal scrutiny of the fittings marketplace. Marshall Excelsior reflects the particular style and taste of Jeff Begg, who says, “I guess people say I’m eccentric,” not just because of his collection of screw machines, but because he defies the notion of the blueprint-bound engineer, even though he is an engineer by training.

Read full article here

Mazak Announces VIP Technology Partnership Program

Florence, Kentucky, August 17, 2010 – Mazak has announced the launch of Value Inspired Partners (VIP), a new technology partnership program, which is designed to further support customers and provide them with total manufacturing solutions. Stemming from a constant commitment to American manufacturers, this new program represents an increased level of partnership with companies that manufacture equipment, software and accessories. To be VIP certified, companies must provide products and services that transcend traditional supplier relationships and regularly meet a set of qualification criteria.

Criteria for VIP certification include the minimum of the following:

  • Be a recognized leader with unique, innovative and high quality products
  • Provide extensive pre- and post-sales support
  • Add value to customer processes and provide system solutions
  • Maintain a culture of ethical business standards and practices

“Over the last decade, the rate of technological innovation has increased substantially across all types of manufacturing equipment and software,” says Brian Papke, president of Mazak Corporation. “To provide the best possible solutions to end users, manufacturers in any specific product category cannot operate in a vacuum. By establishing productive partnerships with producers of complementary technologies, we offer customers a more diverse array of technical expertise and achieve development of truly optimized solutions.”

Sandvik Coromant has been certified as the first member of the Mazak VIP program, and the selection process is ongoing for several other potential members.

“We are pleased to be the first member of the VIP initiative,” said John Israelsson, president of Sandvik Coromant USA. “We will work with this new program to bring our customers a complete machining solution to the shop floor.”

Companies that qualify for the VIP program will work closely with Mazak, both in product development and in creating value-added training events and seminars for American manufacturers. VIP Members will also benefit from cooperative marketing efforts when appropriate.

For more information on the new Mazak VIP program, please visit MazakUSA.com/VIP.

About Mazak Corporation
Mazak Corporation is a leader in the design and manufacture of productivity-improving machine tool solutions. Committed to being a partner to customers with innovative technology, its world-class facility in Florence, Kentucky recently initiated a $9 million manufacturing expansion. The facility’s “Production on Demand” manufacturing concept uses the latest in machine tool technologies as part of its lean strategy. Continuous training and development of the workforce has created a “lean” culture, which has created opportunities for continuing growth in America. Mazak maintains eight Technology Centers across North America to provide local hands-on applications, service and sales support to its customers. For more information on Mazak’s products and solutions, visit www.mazakusa.com.

IRWIN Tools 2010 UTC Winner to Serve as Grand Marshal for Inaugural IRWIN Tools Night Race at Bristol Motor Speedway

BRISTOL, TENN. (Aug. 17, 2010) — Leave it to innovator IRWIN® Tools to toss an exciting twist into the mix for the NASCAR Sprint Cup Series’ most exciting race – the IRWIN Tools Night Race at Bristol Motor Speedway. In an unprecedented move, IRWIN Tools, a world-class manufacturer and marketer of professional hand tools and power tool accessories, won’t let the world know who the Grand Marshal is until just 24 hours prior to the race. The winner of Friday night’s North American Championship of the 2010 IRWIN Tools Ultimate Tradesman Challenge will be the race’s Grand Marshal, and will give the famous command, “Gentlemen, Start Your Engines.”

The IRWIN Tools Ultimate Tradesman Challenge, a skill-based competition that has travelled across the U.S. and Canada for more than 50 events, challenges professional tradesmen to perform a series of precise tasks—such as gripping, sawing, marking, clamping and drilling—in a race against the clock. A total of 23 local competitors won an all-expenses-paid trip to Bristol, in addition to an IRWIN tool bag packed with IRWIN tools and genuine Cat® footwear, to compete in the North American Championship of the Ultimate Tradesman Challenge on Friday.

In addition to having the opportunity to say NASCAR’s most famous words prior to the start of the race, the 2010 North American Champion will win a year’s supply of Cat footwear and a custom IRWIN Tools Mustang GT Premium Pace Car – the official pace car of the IRWIN Tools Night Race. He will also advance to the World Finals in March of 2011, again at Bristol Motor Speedway, where six tradesmen from around the world will compete to become the Worldwide IRWIN Tools Ultimate Tradesman. The tradesman with the top time will win the grand prize – a chance to win $1 MILLION!

“The Ultimate Tradesman Challenge is all about IRWIN’s passion for the professional tradesman,” said Curt Rahilly, VP of Marketing for IRWIN Tools. “IRWIN is serious about celebrating tradesmen who do their jobs each and every day, always reaching for greatness in all that they do. These are the men and women who build our dreams. They build life with their hands. And they keep the world running, when the things we depend on break down. For some people, it’s just a job… a means to an end. But for professional tradesmen, it’s often a calling. And it’s not just about doing their work. It’s about doing their life’s work,” Rahilly emphasized.

The IRWIN Tools Night Race weekend at the “World’s Fastest Half Mile” kicks off Friday with two practice sessions: one at noon and another at 2:45 p.m. Qualifying to determine the starting lineup is set for 5:40 p.m. Ryan Newman holds the track record of 128.709 mph. The inaugural IRWIN Tools Night Race on the .533-mile high banked oval gets the green flag Saturday at 7:30 p.m. Kyle Busch won last year’s race under the lights.

About IRWIN Tools:
IRWIN Tools manufactures and distributes a broad line of hand tools and power tool accessories including
VISE-GRIP® pliers and wrenches, MARATHON® saw blades, QUICK-GRIP® clamping tools, SPEEDBOR® wood drilling bits, STRAIT-LINE® marking tools, UNIBIT® step drill bits, and HANSON® taps and dies. IRWIN Tools is a part of Newell Rubbermaid’s global portfolio of brands. For more information, call
1-800-GO-IRWIN or visit www.irwin.com.

About the IRWIN Tools Ultimate Tradesman Challenge:
IRWIN’s Ultimate Tradesman Challenge is a global competition where skilled tradesmen perform a series of precise tasks in a race against the clock to “Grip It! Rip It! and Drive It!” Contestants first use IRWIN VISE-GRIP® GrooveLock pliers to remove two (2) pipe fittings from a qualifying channel (Grip It). He/she then uses an IRWIN square and pencil to mark three (3) lines on a standard 2” x 4” x 24” board, at pre-marked positions. Contestants then slide the board into a cutting position and securely clamp it to the work surface with an IRWIN QUICK-GRIP® XP600 one-handed bar clamp. Contestants then use an IRWIN Universal Hand Saw to cut the board on the line previously marked (Rip It). And finally, using an IRWIN SPEEDBOR® Max Speed drill bit, contestants drill two (2) holes in the board at the intersecting lines (Drive It), unclamp the board, place the clamp on the competition cart, and put the board in the qualifying channel. If the board fits accurately, the clock will automatically stop, and the challenge time will be noted. Speed; ability to remove pipe fittings; accurate marking; ability to clamp work securely; fast, straight cuts; and the ability to accurately drill holes are crucial to winning the challenge. The Ultimate Tradesman Challenge is a true test of on-the-job skills.

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