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| Author: | Levi, J. |
| Title: | The retooling of Milacron |
| Journal: | Management Today
1995 : JAN, 1, p. 48-51 |
| Index terms: | MACHINE TOOLS INDUSTRY INDUSTRIAL DEVELOPMENT COMPETITIVENESS |
| Language: | eng |
| Abstract: | Cincinnati Milacron - the unusual name derives from Greek words meaning "highest precision" - pioneered the first Computer Numerical Control (CNC) machines in the '60s. The company had evolved out of the riverboat repair shops of the past century to become the biggest machine-tool company in the world. Sixty years ago founder Frederick Geier had set up his first overseas factory in Birmingham. Like its parent, it prospered for many years. But good times did not last. Japanese companies such as Yamazaki and Mori Seki took the CNC concept, refined it, used it to build their country's legendary productivity and then exported the machines to the rest of the world. Thirty years ago Britain's machine-tool industry was bigger than Japan's. Now Japanese companies boast the largest slice of world production - 25% against Britain's measly 3.5%. |
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