Word: milacron
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Dates: during 1980-1989
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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...