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Verson then had annual sales of $100 million but was losing money. [9] [10] By 1991, Allied Products was suffering and selling off subsidiary companies in order to pay off bank loans. [11] However, it held onto Verson, because a 16% duty had been imposed on Japanese presses as a result of claims that it was dumping machines onto the US market.
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In 2006, it bought the site of the former Verson Steel on Chicago's South Side. [7] It was purchased by the Swiss Steel Group in 2008, and has since operated from that location. [8] [9] In 2016, real estate developer Sterling Bay purchased the Lincoln Park site for a sum believed to be over $100 million [10] and renamed the site to Lincoln ...
A servomechanism press, also known as a servo press or an 'electro-press, is a press driven by an AC servo motor. The torque produced is converted to a linear force via a ball screw. Pressure and position are controlled through a load cell and an encoder. The main advantage of a servo press is its low energy consumption; its only 10-20% of ...
Hydraulic Press Channel (HPC) is a YouTube channel operated by Finnish workshop owner Lauri Vuohensilta. Launched in October 2015, the channel publishes videos of various objects being crushed in a hydraulic press, as well as occasional experiments using different devices.
The Alcoa 50,000 ton forging press is a heavy press operated at Howmet Aerospace's Cleveland Operations. It was built as part of the Heavy Press Program by the United States Air Force . It was manufactured by Mesta Machinery of West Homestead, Pennsylvania , and began operation on May 5, 1955.
Power press with a fixed barrier guard Mechanical press. A stamping press is a metalworking machine tool used to shape or cut metal by deforming it with a die. A stamping press uses precision-made male and female dies to shape the final product. It is a modern-day counterpart to the hammer and anvil.
The Heavy Press Program was a Cold War-era program of the United States Air Force to build the largest forging presses and extrusion presses in the world. These machines greatly enhanced the US defense industry's capacity to forge large complex components out of light alloys, such as magnesium and aluminum.