Sales and marketing concepts and trends in tooling will be the focal point of next month's Tool and Die Futures Initiative meeting at Oakland University.
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Legal Issues & Examples
Next Tool and Die Futures Initiative Meeting Set for August 20th
Kim Meltzer, Fighter For Manufacturing Jobs, Running For State Senate
One Michigan state representative's campaign is underway for a future position in the State Senate. Kim Meltzer is a tireless worker and activist for several of the most important issues facing Michiganders today.
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U.S. Tool and Die Industry Seeking $30 Billion Loan-Guarantee Program
This time last year, the American tooling industry were struggling from artificially delayed PPAP-payments, pressures to fund the material for building dies and molds while assuming 100 percent of the risk, lack of tools to quote--let alone build--because of foreign subsidized competitors and an apathetic government, among others.
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Detroit Mayor Selling Company, Stamping Plant to Michigan Tooling Company
L&W Engineering Co., a metal stamper of deep-drawn parts such as oil pans and reinforcements, appears to be the primary buyer for Bing Metals, an industrial company owned by Detroit's new Mayor, Dave Bing.
The former NBA Rookie of the year (1966) and seven time all-star with the Detroit Pistons, Bing proved to be as savvy off the court, as he was on. After his Hall of Fame career, the Washington D.C. native has been a successful businessman including his minority-owned company, Bing Metals. In the mid '90s he was named as one the Top 50 Greatest NBA Players of all time.
Bing's leadership and drive eventually saw his company become a roughly $60 million organization employing hundreds of Metro Detroiters.
However, even the man dubbed "Mr. Unsung-About", who exuded a rare mixture of professionalism and unbelievable skill, could not escape the upheaval levied upon the sub-Tier suppliers in the tooling and stamping industry. When General Motors was tying payments to PPAP (essentially a delay tactic) Bing Metals–like many others–were put in nightmarish cash-flow situations that most companies, in any industry, could never sustain operations with.
The reported new buyer, L&W Engineering has locations in Blissfield and Belleville. For whatever reason, L&W's Website has been unavailable for the past several weeks.
One person close to this situation stated the combined companies will change its name to Oakland Stamping.
Michigan Prototype Stamping Company Receives Tax Breaks–Plans Investment
Thanks to a some much-needed tax breaks, Quality Metalcraft (Livonia, MI) and its 200+ employees are making plans to invest $2.5 million in new equipment and machinery. Anywhere between 20-30 could be added as a result. Hopefully some diemakers or machinists looking for work out there can gain employment.
