The Fabricator - June 2017

JK Tool builds new facility
in Pennsylvania

JK Tool Inc., a designer and manufacturer of progressive stamping tools, precision machined components, and custom assemblies, has moved into a new, custom-designed facility in New Kensington, Pa.

The 18,000-sq.-;. plant has an open floor plan, layout, and systematic design to help workers improve communication, process optimization, and ability to manage projects visually. Through value stream mapping, equipment is in the optimal position, with design engineering on the same level as the plant for immediate feedback from manufacturing to design.

Final assembly and groom areas are located adjacent to the pressroom to provide the most direct access to move completed tools more e;iciently to the pressroom. This layout has helped improve lead times and deliveries.

The plant o;ers CNC and manual milling; CNC and manual lathe/turning; jig, wet, and precision grinding; CEDM and WEDM; precision metal stamping die tryouts/production; heat treating;

cryogenic and hardness testing processes; die assembly and build; design engineering; low-volume stamping; design; and prototyping.

Foreman Fabricators wins
Bronze Award in Ernest
Wiemann Top Job Competition

Foreman Fabricators Inc., St. Louis, has won an award for outstanding cra;s-manship in the annual Ernest Wiemann Top Job Competition, sponsored by the National Ornamental & Miscellaneous Metals Association (NOMMA). The company received the Bronze Award for Furniture & Accessories Fabrication (nonforged) for its entry of a custom stainless steel kitchen range hood.

The international competition, open to more than 700 member firms from throughout the U.S. and 12 foreign countries, recognized outstanding work in the ornamental and miscellaneous metals industry.

Waterjet cutting machines
market to reach $2.7 billion
by 2024

New York-based Persistence Market
Research has released the report titled
“Global Market Study on Waterjet Cut-
ting Machines: North America Estimated
to Hold the Highest Market Share dur-
ing the Forecast Period,” which projects
that toward the end of 2024, the value
of the global waterjet cutting machine
market is likely to double, increasing
from $1.37 billion in 2016 to $2.7 billion.

During this forecast period, the global market for waterjet cutting machines will exhibit a value CAGR of 8. 9 percent. In 2016 the global sales of waterjet cutting machines surpassed 13,600 units. By the end of 2024, global sales are expected to be 25,872 units.

The report also reveals that North America will be the largest market for waterjet cutting machines. With more than 35 percent share in global revenues, North America’s waterjet cutting machine market will dominate the global market throughout the forecast period. With more than 15 percent share in global waterjet cutting machine market value, Europe also is expected to be at the forefront of market expansion.

While market share in these two regions is expected to dip marginally toward the end of the forecast period, the market in the Asia-Pacific region will have the fastest revenue growth, at 10 percent CAGR.

Intensifier pumps are expected to be top-selling products in the global waterjet cutting machine market, likely reaching revenue growth of 8. 9 percent CAGR during the assessment period. In

2017 and beyond, a little more than 55
percent of the market’s revenues will
come from use of waterjets for 2-D cut-
ting. In 2016 more than 6,500 waterjet
cutting machines were sold worldwide
for 2-D cutting applications.

Metal fabrication and automotive are expected to be the largest end-user industries for waterjet cutting machines, with revenue CAGRs of more than 9 percent.

For a sample of the report, visit www. persistencemarketresearch.com/sam- ples/12139.

Littlejohn Capital acquires
Maysteel Industries

Savannah, Ga.-based LJC Investments III LLC, an investment vehicle controlled by Littlejohn Capital LLC, has acquired Maysteel Industries LLC from Revolution Capital Group LLC.

Maysteel designs, engineers, and manufactures custom OEM sheet metal enclosures, electrical cabinets, and metal fabricated assemblies. The company has manufacturing locations in Al-lenton, Wis., and Monterrey, Mexico.

Macy Industries launches
spino; company

Metal fabricator Macy Industries, Hook-sett, N.H., has launched Pilot Innovations, which builds and prototypes products, including an expandable ladder, using composites.

The new company, housed in the Macy facility, expects to add about 25 manufacturing positions in the next three years. Macy currently has about 30 employees.