Manufacturing Equipment

New Delhi, Aug 10: The contribution of small scale industries to manufacturing and employment generation slipped by 10 and seven percent respectively, in the first quarter, as large and medium industries have started sourcing their inputs through cheaper imports, a report said.

Due to the ongoing economic slowdown SSIs have not been able to assure their vendors supplies at affordable rates. As a result, the large and medium industries have resorted to imports to overcome the scenario, the industry chamber said in its report on ‘Latest Prospects of SSIs vis-a-vis other Booming Sector’.

Majority of the SSI units could not upgrade their machinery and equipment due to high cost of borrowings. Consequently, their competitiveness has eroded to a great extent, it said.

“The SSI’s contribution to manufacturing in the first quarter of current fiscal has come down to 35 percent as compared to around 45 percent a few months ago,” Assocham President Sajjan Jindal said.

Jindal asked the government to adopt a multi-pronged strategy for the sector such as reducing the number of inspectors to less than 15 and concessional credit be extended at not more than six to seven percent.

Availability of equipment and machinery be made to this sector at much reduced customs tariff with facilities for technology adoption to the entire SSI sector, he added.

The UK based EMS-provider ACW Technology has invested nearly £1.75m in new equipment in the last 12 months. This investment is spread across all three of the company’s manufacturing sites.

Owen Reeves, Group Managing Director, ACW comments: “Flexibility, reliability, a desire to provide the best service possible to your customers and ongoing investment in people, equipment and processes makes up the basic requirements needed to survive and thrive as an EMS provider in the market today. ACW falls squarely into this category. We are unusual in UK-based EMS provider terms, having posted a healthy operational and bottom line profit for the last 14 years.”

Included in the long list of new equipment are three new surface mount lines, four Europlacer Vitesse pick-and-place machines, two Takaya flying probe test machines, two autooptical inspection (AOI) systems, a new vacuum vapor phase soldering system, selective soldering machines and vibration testing equipment. These investments will further strengthen ACW’s ability to provide a flexible and complete service whilst increasing capacity and efficiency.

Most recently, ACW has purchased Phoenix x-ray’s Micromex x-ray inspection system from production automation system specialist Contax. This enhancement to ACW’s existing x-ray inspection capability will enable greater inspection accuracy and help the company make significant improvements in process control and fault diagnosis.

The company occupies more than 150,000 sq. ft of factory space across its three manufacturing sites in Southampton, South Wales and Southern China all fitted with high-specification PCB assembly machines for lead-free and leaded product supply. ACW has 400 staff and sales of £45M (US$90). ACW operates a globally integrated manufacturing and IT system throughout its sites ensuring that consistent high-quality standards are met and enabling rapid transfer of manufacturing data.

RONKONKOMA, N.Y.–(BUSINESS WIRE)–CVD Equipment Corporation (NASDAQ: CVV; “CVD”), announced today that it has hired Gary Hudler as Manufacturing Operations Manager. Mr. Hudler’s responsibilities include overseeing CVD/First Nano Division manufacturing, optimizing existing manufacturing processes and enabling production levels to keep pace with the Company’s accelerating growth. The CVD/First Nano Division is a designer and manufacturer of standard and custom state-of-the-art equipment used in the development, design and manufacture of advanced electronic components, materials, and coatings for research and industrial applications.

Prior to joining CVD, Mr. Hudler worked for nearly 30 years at Veeco Instruments in a variety of Production, Technical, Operations and Customer Support roles and was holding last the title of Director of Operations. Mr. Hudler was an essential manager enabling Veeco’s growth from a $20M capital equipment producer to a $350M global solutions company in the data storage, semiconductor and wireless markets. Upon leaving Veeco, Mr. Hudler moved to D’Addario & Co., where he utilized his extensive operations experience to revitalize a high-volume manufacturer of musical instrument components.

Mr. Hudler brings to CVD extensive knowledge of manufacturing processes, and experience in organizing operations to increase production levels. A partial list of his training and implementation background includes: Lean Manufacturing, Project Management, Work Cell Technology, JIT Manufacturing, Sematech TQM/TQC Program, 6-Sigma Process Control, Kaizan/Kanban Techniques, and others.

Bill Linss, Division Manager of the CVD/First Nano Division said, “I am thrilled to have Gary Hudler join my staff. His extensive manufacturing experience and operations know-how is a valuable asset, and a perfect complement to CVD’s team for our present and future growth. He has a proven track record of getting the job done, no matter how large or complex. He is a valued addition to our management team and will help guide us in building our vision of enabling tomorrow’s technology™, today.”

Len Rosenbaum, president of CVD said, “We are very pleased to have such a senior and experienced person like Gary Hudler join CVD. In the last quarter we have increased our personnel by 15%. We need senior people like Gary to help guide our growth.”

Gary Hudler added, “I am excited to join CVD/First Nano and to contribute as CVD/First Nano continues to expand with their existing and new products for Semiconductor, LED, Nanowire, NanoTube, Energy and Thin Film markets. By working closely together with our customers, we can help with enabling tomorrow’s technology™.”

About CVD Equipment Corporation:

CVD Equipment Corporation owns and operates three divisions: Together the CVD and First Nano product group form the CVD/First Nano Division. The CVD product group designs and builds pilot and production equipment for custom Chemical Vapor Deposition processes for a very wide variety of applications. The First Nano product group manufactures the EasyTube equipment product line used by researchers around the world to develop and grow a wide variety of next generation Nanowire, Nanotube and Thin Film Materials. The CVD/First Nano Division also operates an Application Laboratory where it develops advanced processes to facilitate the commercialization of emerging technology in the nano/solar and green field and develops/optimizes custom material manufacturing processes. The Stainless Design Concepts Division manufactures Ultra High Purity (UHP) gas and chemical delivery systems for state-of-the-art semiconductor fabrication processes. It offers complete gas and chemical delivery product lines ranging from cutting-edge to basic gas and chemical handling. The Conceptronic/Research International Division supplies reflow ovens and rework stations to the Printed Circuit Board assembly market and ball attach ovens to the back-end semi-conductor packaging industry. It also develops custom industrial inline oven based system that process materials with controlled gas atmospheres and temperature profiles.

This press release contains forward-looking statements set within the meaning of the Private Securities Litigation Reform Act of 1995, except for historical information contained herein; the matters set forth in this news release are forward-looking statements. Readers should note that the forward-looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including, without limitation, the uncertainties discussed under the caption “Risk Factors” in the Company’s Registration Statement on Form S-1 filed with the SEC on July 3, 2007, as subsequently amended, which discussion is incorporated herein by reference. Readers should also read the periodic filings and current Form 8-K reports of the Company.

OAK BROOK, Ill., Aug 14, 2008 (BUSINESS WIRE) — Manufacturing Business Technology, the leading source of information on the strategic use of information technology in manufacturing and distribution companies, has revealed the winners of its inaugural Innovation Insight Awards program.
All of the Innovation Insight Awards recipients are spotlighted in feature stories in the July/August issue of Manufacturing Business Technology magazine, as well as on the magazine’s Web site, www.mbtmag.com.
The awards recognize companies–both vendors and end users–that demonstrated creative use of information technology to solve real business problems.
The top four selections involved the implementation of wireless networks in industry settings where the use of such technology previously had been considered all but impossible.
For instance, the co-winners in the Innovative Product category–Honeywell Process Solutions and Emerson Process Management–have customers using wireless networks that function without error in paint-making plants, copper mines, and aboard ships.
In the innovative process category, Gardner Denver Inc., supplier of compressor and vacuum products and fluid transfer products, uses data collected via a wireless network to predict–and thus avoid–equipment failures could derail customers’ production schedules.
“In selecting the Innovation Award winners, we did not look for small companies or large companies. We looked for companies that were using information technology to significantly improve processes related to designing, building, and delivering products,” said Sidney Hill, executive editor of Manufacturing Business Technology. “The list of entries–and obviously the final list of winners–proved that the spirit of innovation is alive and well in the manufacturing and distribution sector.”
About Manufacturing Business Technology
Manufacturing Business Technology ( www.mbtmag.com) is the leading source of information about the strategic use of information technology in manufacturing and distribution companies. MBT is published by Reed Business Information, with more than 80 market-leading publications and 80 Websites, as well as custom publishing, directories, research and direct marketing lists. Reed Business Information is part of Reed Elsevier (NYSE:RUK and ENL) - a world-leading publisher and information provider operating in the science and medical, legal and business-to-business industry sectors

RONKONKOMA, N.Y., Aug 14, 2008 (BUSINESS WIRE) — CVD Equipment Corporation  (CVV:
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3:51pm 08/15/2008
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CVV 4.75, +0.22, +4.9%) today announced that it has achieved record 3 and 6 month revenues and its fifteenth consecutive profitable quarter. Revenue for the three and six months ending June 30, 2008 was approximately $4,269,000 and $8,312,000 compared to $3,071,000 and $6,883,000 for the three and six months ending June 30, 2007, an increase of 39.0% and 20.8% as we continue to experience an increasing demand for our products. We attribute the increase in revenue from the increased marketing and selling effort for all of our products that was started in 2007. Our overall gross profit percentage decreased to 27.0% and 28.5% for the current three and six month period compared to 38.1% and 35.3% for the same periods one year ago. The decrease is a result of implementing our previously stated expansion plans of adding engineering and production personnel necessitated by the increase in quotation activity, orders, expansion of our First Nano Laboratory and new product development in the Nanomaterials, Solar, Energy and Semiconductor fields. Selling, general and administrative expenses for the three and six months ending June 30, 2008 increased by approximately $134,000 and $296,000 or 14.1% to support our continued sales growth and expanded product development.
As a result of the aforementioned increases in costs our net income for the current three and six months was approximately $7,000 and $26,000 respectively, or $0.00 and $0.01 per share basic and diluted compared to $165,000 and $261,000 or $0.05 and $0.08 per share basic and diluted for the three and six months ending June 30, 2007.
As of June 30, 2008 the Company’s backlog was approximately $4,017,000, a decrease of $1,070,000 or 21.0% compared to $5,087,000 at December 31, 2007 and a 19% increase from March 31, 2008. Timing for completion of the backlog varies depending on the product mix, however, there is generally a one to six month lag in the completion and shipping of backlog product. Backlog from quarter to quarter can vary based on the timing of order placements and shipments.
Leonard Rosenbaum, President and Chief Executive Officer stated, “Our record first half revenues, order levels and significant quotation activity show a strong acceptance of our equipment platforms. The additional sales, engineering and manufacturing expenditures we are currently incurring will further broaden the First Nano and CVD product lines. Our First Nano Laboratory expansion will enable us to further demonstrate our new and existing equipment platforms, processes and proprietary intellectual property. The additional personnel we hired earlier this year have enabled our key personnel to focus their efforts on selling into our traditional targeted market segments and to begin opening up new ones. In addition, the programs we are developing with universities and industry for next generation products in the Nano Technology, Solar, Energy and Semiconductor fields will provide for our long term continuous growth. These factors will keep us on track with continued revenue growth in 2008 and provide a steady increase in revenue and profitability for future years.
I am pleased to add that based on new orders to date for third quarter 2008, and our strong quotation activity, we anticipate that in the second half of 2008, we will easily exceed the record order levels for the first half of 2008. In anticipation of this we expect to continue adding engineering and management personnel in the future.”
CVD Equipment Corporation is a global designer, manufacturer and supplier of equipment for use in manufacturing semiconductors, Leds, solar cells, carbon nanotubes, nanowires and equipment for gas handling and surface mounting of components onto printed circuit boards.
Statements in this press release may be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend” and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company’s business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and those risks discussed from time to time in CVD Equipment Corporation’s filings with the Securities and Exchange Commission. In addition, such statements could be affected by risks and uncertainties related to product demand, market and customer acceptance, competition, pricing and development difficulties, as well as general industry and market conditions and growth rates and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. Information on CVD Equipment Corporation’s website does not constitute a part of this release.

SOUTHFIELD, Mich., Aug 07, 2008 /PRNewswire-FirstCall via COMTEX/ — Federal-Mogul Corporation  (FDML:
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4:00pm 08/08/2008
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FDML 14.65, -0.08, -0.5%) today announced it is planning to build a new facility in Chennai, India, for the manufacture of friction components for Original Equipment and Aftermarket segments. The operation is scheduled to begin production of light vehicle brake and friction components, commercial vehicle and railway friction products by September 2009.
Federal-Mogul currently manufactures products at six operations in India, including pistons, rings, liners, bearings, ignition and sintered products for both OE and Aftermarket customers. The locations are in Bangalore, Bhiwadi (2), Khandsa, Parwanoo and Patiala. Federal-Mogul’s Ferodo(R) friction products have been manufactured in India since 1995, although the new friction facility will be the first in the Chennai region.
Federal-Mogul’s wholly-owned subsidiary in India recently signed a memorandum of understanding with New Chennai Township Pvt. Ltd., a subsidiary of MARG Ltd., a major Indian development company to buy 10 acres of land on which it will build the 6,000-square-meter facility. The plant will be built in three phases and will eventually total 15,000 square meters and create approximately 500 jobs.
“This new greenfield facility is another example of Federal-Mogul’s commitment to grow its manufacturing footprint in India,” said Federal-Mogul President and Chief Executive Officer Jose Maria Alapont. “Products manufactured at the new facility will be for both local vehicle manufacturers and for export to the global automotive market.”
“We are the leader in supplying Ferodo brand vehicle brake friction components and we continue to experience excellent opportunities for global growth. We are pleased to expand our presence in India, one of the world’s most exciting and dynamic economies. This new facility in Chennai is an investment to deepen and diversify our presence in India in support of market growth, and further demonstrates our commitment to our sustainable global profitable growth strategy,” Alapont continued.
Federal-Mogul Vehicle Safety and Protection
Federal-Mogul supplies systems protection products and is one of the world’s largest suppliers of friction materials. Both the systems protection products and the friction products are used in the automotive, heavy-duty, motorcycle, railway and consumer products markets. The primary products include brake disc pads, brake shoes, brake linings and blocks. Federal-Mogul offers a portfolio of world-class brand names, including Abex(R), Beral(R), Ferodo(R), ThermoQuiet(R) and Wagner(R). Federal-Mogul supplies friction and systems protection products to all major customers in the light vehicle, commercial vehicle and railway sectors and is also a leading company in the aftermarket.
About Federal-Mogul
Federal-Mogul Corporation is a leading global supplier of powertrain and safety technologies, serving the world’s foremost original equipment manufacturers of automotive, light commercial, heavy-duty, industrial, agricultural, marine, rail, off-road and industrial vehicles, as well as the worldwide aftermarket. The company’s leading technology and innovation, lean manufacturing expertise, as well as marketing and distribution deliver world- class products, brands and services with quality excellence at a competitive cost. Federal-Mogul is focused on its sustainable global profitable growth strategy, creating value and satisfaction for its customers, shareholders and employees. Federal-Mogul was founded in Detroit in 1899. The company is headquartered in Southfield, Michigan, and employs 50,000 people in 35 countries. Visit the company’s Web site at www.federalmogul.com .