Construction work on the new SMS group Campus in Mönchengladbach, Germany, started with a recent groundbreaking ceremony. The site will be home to a new technology, service and digitalization center built on SMS premises. Starting in 2023, the competencies of five locations in the region will be brought together at this central location in the Rhineland. With its new campus, SMS will be able to exploit the full catalyst effect from the growth areas of service and digitalization to expand its role as a technology provider.

Any student of world history can tell you that the concept of democracy is handed down to us by the culture and governance of ancient Greece. The word democracy is derived from two Greek words: “demos,” or people; and “kratos,” or rule.

With the 2020 general election approaching, a review of employees’ rights and employers’ obligations to employees is in order.

You’ve heard the saying “What gets measured gets done.” While this is true in all businesses, it is especially important in manufacturing.

The COVID-19 pandemic has changed the forging landscape –seemingly overnight. With many in the industry initially expecting the impact to last a matter of weeks, most forgers are now preparing for a much longer recovery period that will likely last into early 2021.

It looks like COVID-19 issues will continue to affect business for the foreseeable future. In our previous column, we introduced a cash-flow management tool. We hope you were able to download the tool and instructions.

According to a report, Spain’s Alcorta Forging Group will open its first U.S. manufacturing operations and regional headquarters in Marysville, Ohio. The 100-year-old company, which develops and manufactures automotive components, will invest $15 million and create 50 new jobs. The 150,000-square-foot forging and manufacturing facility will be completed in three phases and include state-of-the-art machinery and equipment. Under the current uncertain circumstances, Alcorta will move forward with its pre-construction activities while remaining on hold for the construction launch.

It is amazing how a crisis like COVID-19 can pressure-test all your business processes. Now, more than ever, understanding your business cash-flow forecast is critical.

Individuals, businesses, governments and communities around the world are contending with the COVID-19 pandemic.

According to a local report, the Lawrence County Planning Commission accepted a land-development plan for an addition to Ellwood Specialty Steel’s production facility in New Castle, Pa. The plan calls for a 10,800-square-foot addition and a 7,560-square-foot lean-to structure, both at the back of the existing building. The purpose of the expansion is to increase capacity for a product the company distributes, sales of which have been growing, according to a company spokesperson. Ellwood Specialty Steel is a fully integrated producer of tool steels for forging dies, die-cast dies and other tooling applications. The company utilizes primary melting, refining and degassing equipment, along with ESR and VAR processes, to manufacture premium steel ingots.