Word: milacron
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...recent years U.S. companies have conceded one homegrown industry after another to more aggressive and competitive foreign rivals. First came cameras, then televisions, tape recorders, stereo equipment and semiconductors. Last week Cincinnati Milacron, the last independent U.S. producer of heavy industrial robots, agreed to sell the business to a subsidiary of Switzerland's Asea Brown Boveri...
...Milacron is retreating from the $4 billion market after 13 years because its share of the business has dwindled from a commanding 75% to just 10%, and its losses from robotics have been mounting since the mid-1980s. The company will concentrate on its traditional lines of machine tools and other industrial products...
Some companies do operate effective in-house training and apprenticeship programs, but the cost is high. At Jenkins Bros, in Bridgeport, Conn., it takes an estimated $20,000 and up to four years of on-the-job training to develop a journeyman machinist. Cincinnati Milacron, the nation's largest machine toolmaker (1980 sales: $816 million), cranks out no more than ten journeymen machinists a year from its own apprenticeship program...
...Danbury, Conn., was founded in 1959 and cost its parent company, Condec, at least $12 million before making its first profit in 1975. It now produces 40 Unimate and 15 Puma robots a month, and will have estimated sales this calendar year of $42 million. Its chief competitor: Cincinnati Milacron, which makes the sophisticated T3 robot and expects 1980 sales of $32 million. It will soon open a new plant in Greenwood, S.C. Sprouting up are newcomers like Automatix Inc., of Burlington, Mass., which was founded last year with $6 million from, among others, Harvard and M.I.T. Giants like...
...General Dynamics plant in Fort Worth, one of Cincinnati Milacron's T-3 robots makes sheet-metal parts for the F-16 fighter. The T-3 selects bits from a tool rack, drills a set of holes to a .005-in. tolerance and machines the perimeters of 250 types of parts. A man doing the same job can produce six parts per shift, with a 10% rejection rate. The robot makes 24 to 30 parts, with zero rejections. The machine costs over $60,000 and has saved $93,000 in its first year...