Welcome to the inaugural installment of this new column in FORGE. It will be dedicated to the financial issues facing manufacturing businesses, providing guidance on financial matters to those who may not have a dedicated CFO on staff and providing additional financial insight to those who do.
As was reported in this column in October 2019, the National Safety Council reports that Americans became more likely to die from an accidental opioid overdose than from a motor vehicle crash at some point during the past three years.
Forgers weigh options such as repair, rebuild, remanufacture or new equipment when considering options to increase capacity. This article considers the four options and the pros and cons associated with each.
October 7, 2019
When forges need to expand production to meet increased demand for existing parts or to add new product lines, selecting from available options to bring new equipment online can be challenging.
Cross-wedge rolling (CWR) is a forging technique in which a heated billet is formed by rolling it between two flat (or cylindrical parallel-axis) die plates. This article describes the CWR process and equipment as applied to the production of railroad screws and other similar products.
A recent company survey indicates that forgers are more concerned with the availability of qualified labor than its cost. Given that, the forging community should consider automation to minimize its labor requirements. Automated billet feeding is one area that can improve manufacturing efficiency and reduce labor costs.
North Carolina Governor Roy Cooper announced that Bharat Forge America Inc. will build an aluminum forging plant to manufacture automobile components in Lee County, N.C. The $127.3 million investment will create 304 jobs. The new facility will be part of a larger manufacturing center that will create as many as 460 jobs. According to Bharat Forge, the investment will help it create a strong global manufacturing footprint as part of its aluminum strategy.
Demanding environments in forges require engineered floor systems to accommodate heavy handling equipment in high-traffic areas and impact loading. They also must have thermal resistance to high-temperature workpieces. Various flooring options are available in today’s market, and the selection of appropriate flooring materials is critical to long-term facility goals.
The selection of an appropriate flooring system contributes to increased productivity and profitability by decreasing outages related to floor repairs and replacement, reducing expensive equipment repairs related to inconsistencies in the flooring and decreasing the risk of operator safety concerns and fatigue.