Joe Selway and Jeff Walz, celebrating Jeff’s anniversary -
18 years with Eurotech

2013 GOLD CUSTOMER SPLENDORS OF ITALY TRIP SOLD OUT!

This amazing trip personally planned by Joe Selway and Jeff Walz is going to the best ever, as we are celebrating 55 years of manufacturing and 20 years in the USA. We have booked some amazing 5 star hotels, the very best in Italian dining and wineries, beautiful locations, and much more. From September 8-September 14th, we begin in Milan and will be traveling by coach to some of the most beautiful locations in Italy. Beautiful, breath-taking Santa Margherita -the pictures say it all - the magnificent "Riviera style" resort where spectacular views draw visitors over and over again. Another destination on the tour is the famous town of Stresa; a splendid location on Lake Maggiore in the Gulf of Borromeo, where it overlooks the Borromean islands, the main attraction in the region. The tour ends Saturday, the 14th when everyone will either take a taxi to the airport and head home, extend their trip by staying Europe, or like Joe and Jeff take the overnight train to the EMO show in Hanover, Germany.

Seekonk: Quality Tools Made in the USA

Seekonk Remains Unbeatable! “With Eurotech, we eliminated all manual operations, sealed in better accuracy and kept our team-driven, family environment. It’s amazing; you put in a raw piece of steel and it comes out looking like a jewel with the Eurotechs.”

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Best & Simplest Solution for Long Shaft  Work

Eurotech offers an unbeatable solution for long shaft, precision work.  With a unique and proprietary attachment built for the Eurotech Elite machines, you can achieve the ultimate solution for your long shaft work. The process includes pinch turning and pinch milling while holding the part between both spindles. The result is one set-up, one inspection, and a part that is unloaded by gantry arm in perfect finished condition (no nicks, dings, bumps or bruises).

Customer Example: Material: 1117 steel
Previous method: 4 machines and 4 inspections 
Eurotech method: 1 machine / Cycle time: 9 min.

THE EUROTECH FACTORY

We don't just assemble the machines, we make them! …from pouring the castings, machining the castings, making our own turrets and spindles, to painting the machines   The Eurotech factory opened in 1958. With steady growth since its founding, the manufacturing floor has grown to 350,000 square feet, plus the foundry square footage of 700,000.  Over 14,000 machines have been sold world-wide since the founding with the Eurotech multi-axis machine becoming the #1 CNC sold in Europe and quickly becoming the preferred multi-axis machine in the USA.

Eurotech is a family-owned business. Two gen-erations later, the family still runs Eurotech with a third generation learning the steps and technology that makes Eurotech the leading multi-axis CNC on the market.

“HELPING OUR CUSTOMERS WIN WITH TECHNOLOGY… a company big enough to do the job and small enough to care!”

ClearView Economics - Durable Goods Update

Dr. Ken Mayland, ClearView Economics, LLC as seen in PMPA Report, June 27, 2013

1. The numbers.  Durable goods orders for May jumped 3.6% higher.  Shipments expanded 1.2%.  Unfilled orders swelled 0.8%, but inventories inched up only 0.1%.

2. A pulse!  Some resurgence of lumpy commercial aircraft orders (May = +51.0%) was baked in to consensus expectations, but looking beyond this, the numbers came in better than expectations.  A lot of “stuff” left the loading docks in May.  The order books – which will bolster future production – increased nicely.  So factories had a pretty good month in May.

3. A key quantity.  Nondefense capital goods orders, often held to be a proxy for capital spending, soared 9.3% higher, mainly on the strength of those commercial aircraft orders.  (Boy, does Boeing and its supplies have a great future!  Those unfilled orders are up 8.4% y/y, to $441B.)  But stripping this category of commercial aircraft, nondefense capital goods orders increased a solid 1.1%, following advances of 1.2% in April and 1.1% in March.  Capital spending on equipment remains one of the truly bright spots in this moribund economy.

4. Share the wealth.  Several major industries enjoyed a good month: primary metals orders = +0.9%; machinery = +1.2%; computers/electronics parts = +2.7%; electrical equipment/appliances = +1.4%; and defense equipment (in spite of the “sequestration”) = +12.0%.  The major downers: fabricated metal products = -0.9% and motor vehicles/parts = -1.2%.

5. Time to stock up?  I’m thinking, “yes.”  Inventories are running lean.  We’re getting the drag from the tax increases and spending restraint behind us.  The business surveys have recently improved.  After a sluggish Q2, we could see the economy perk up in the second half of the year.  So cautiously gear up for it!