JK Tool builds new facility
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
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
Waterjet cutting machines
market to reach $2.7 billion
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
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
For a sample of the report, visit www.
Littlejohn Capital acquires
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
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
Automate Your Ironworker
Get amazingly accurate part lengths,
faster and with less operator fatigue,
by adding TigerStop® automation to
your punching or shearing station.