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AD Mexico was thrilled to commemorate its 10th anniversary at the 2024 AD Mexico Spring Network Meeting, hosting the AD Mexico Divisional Board, Industrial and Safety Steering Committee, and Supplier Advisory Council, along with 120 AD Mexico electrical and industrial & safety members and suppliers to engage in networking opportunities and discussions on the achievements of 2023 and plans for expansion into new markets in 2024.
Verusen, the global MRO materials intelligence innovator, recently announced that it was named the winner of two leading technology awards for supply chain industry excellence. Verusen was recognized as a winning company in the ‘Top Tech Startup’ category for the supply chain and logistics space by leading industry publications Food Logistics and Supply & Demand Chain Executive. Verusen also won a Top Software & Tech Award for its AI-powered Trusted Supply in the Procurement/ERP category.
AD announced that its owner/members elected three directors to its board of directors. Each year, the AD board’s Nominating & Governance Committee holds an open nomination and voting period, during which AD members select members to its board of directors. Currently, more than 140 of AD’s 850-plus member companies provide leadership on corporate and divisional boards and committees.
Tompkins Robotics announced its 2022 annual revenue increased by 93 percent from the prior year. The company launched key technological advancements, including the tSort3D, the xChange system, and their new tSort Induction Lift, as well as subscription financing models. The company also experienced 23 percent employee growth for the same period.
Metal Exchange Corporation is pleased to announce that Mark Butterfield has been promoted to president of manufacturing. In his new role, Butterfield will be responsible for the overall strategic, financial, commercial, organizational, and operational aspects of all manufacturing across the Pennex and Electro Cycle, Inc. brands.
Cortec Corporation recently announced its acquisition of Cortec Southeast Asia (CSEA) offices in Singapore. CSEA is now a wholly owned subsidiary of Cortec Corporation. This development promises to improve service and support to customers in Southeast Asia due to a direct connection with Cortec headquarters in Saint Paul, Minnesota.
Facing unprecedented low unemployment figures, manufacturers of all sizes are struggling to fill repetitive and undesirable manufacturing jobs. With the help of the Section 179 tax deduction, US businesses may be able to significantly stretch their use-it-or-lose-it 2022 budgets and purchase collaborative robots to take on the repetitive manufacturing tasks that workers don’t want. Section 179 requires that qualified equipment and off-the-shelf software is purchased and placed into service by December 31, 2022, but with its unique two-week ship program, Universal Robots (UR) can make that happen.
The Tungsten Industry Conflict Minerals Council announced the release of an updated version of its Tungsten Framework document. The Tungsten Industry—Conflict Minerals Council (TI-CMC or “the Council”) is a framework through which its members can provide industry stakeholders, downstream tungsten consumers with conflict mineral reporting and disclosure obligations, and the public at large with their assurances that the tungsten products they supply are sourced in accordance with the relevant OECD Guidance, appropriate US laws such as Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Regulation (EU) 2017/821 of the European Parliament and of the Council from May 17, 2017, and that the risks highlighted in this guidance are assessed and mitigated as appropriate.