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Introducing the new LOCATOR Directory Brand Stamp

Introducing the new LOCATOR Directory Brand Stamp

LOCATOR Services Inc. is excited to introduce our newest marketing tool.  The Brand Stamp is a new way for you to let LOCATOR Directory subscribers know that your company specializes in the category(s) that matter most to you and to your potential customers.  This marketing tool puts your “Brand” in front of the decision maker’s eyes at first glance.  The LOCATOR Directory reaches over 100,000 end users.

Let the sample Brand Stamp speak for itself!  The right column shows several Brand Stamps as they would appear in the Directory.

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The Details

  • Your Brand Stamp will be 1/24th of a page and contains your Company Name, Phone # and Website, all within the black band.
  • Categories containing Brand Stamps will have “Specialists in {Category Name}” preceding first stamp.
  • You choose the category from the approved category list (See attached list).
  • Your Brand Stamp will be placed within your chosen category.
  • The Brand Stamp cost is just $49 per month.
  • You can expand presence by getting up to 4 Brand Stamps for $69 per month.
  • You can expand presence by getting up to 7 Brand Stamps for $89 per month.
  • Brand Stamps will automatically renew from month to month until advertiser modifies or cancels order.

MDNA Members can receive the Brand Stamp FREE for the first 3 months

Take Our Short Survey and be Entered to Win

Create your own user feedback survey

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Truckers & Riggers and Technical Services Online Directory – Updates now being accepted

The MDNA Truckers & Riggers Directory and Technical Services Directory lists companies recommended by MDNA member firms. This directory is an invaluable resource for member-recommended trucking, rigging, storage, and brokering services and is available on the “Members Only” page of the MDNA website.

Click here to download the Truckers & Riggers Directory Recommendation Form. Please send your TRUCKERS-AND-RIGGERS-COVER- copyrecommendations to MDNA via fax or email. This directory will also list the recommending MDNA member company, so please fill out the form completely.

EVER NEED A MACHINE SERVICED THAT YOU SOLD OUTSIDE OF YOUR AREA? When you are doing business outside of your immediate area and a machine you sold needs service, installation, or inspection in a geographical area that you are not familiar with, The Technical Services Directory is your solution!

The Technical Services Directory features companies recommended by MDNA member firms who specialize in different Technical Services in the machinery industry, such as CNC programming, hydraulics repair, presses, etc.

Your recommendations of companies in your area (including yourself) is what makes up this directory – Technical-Serv.-Cover- copywhich is a valuable resource for all MDNA members.

Each specialty listing is FREE! And to stand out with more exposure in this publication, purchase a display advertisement.

Please click here to download the form and send your recommendations to MDNA via fax or email. This directory will also list the recommending MDNA member company, so please fill out the form completely. We will then contact them and let them know they’ve been recommended by you to be included in the publication.

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Young Guns of MDNA, Meet John Butz

Meet Resell CNC’s CEO and Chairman of the MDNA Southern Regional Chapter, John Butz. John’s hardworking, dedicated work ethic allows him to not only run day-to-day operations of his own business, but also sit on two MDNA committees and the Board of Directors. While being heavily involved in the MDNA and his own business, he manages to set aside time to spend with his wife, Chay Butz, and his two beautiful children, Maiori and Alex.

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John was introduced to the machinery industry early in life when his father worked for Siegler Machine and Tool in Milwaukee, WI and Machinery Systems Inc. in Chicago, IL between the 70’s and 80’s. Although he grew up around machinery, John did not officially enter the business until the early 90’s. As he made the move to Florida, John began working for a Mazak distributor selling new and used machinery.

In 2007, John had a vision and embarked on a new journey with a new purpose, starting Resell CNC. Resell CNC is a full stocking used CNC dealer that provides many different custom solutions including end user sales, online and on-site auctions, service and repair, storage and logistics. Since its doors opened, the company is still growing and continuously invests in its team and technology. Today, Resell CNC is made up of 25 team members in two locations in Phoenix and Orlando, helping serve customers nationwide. With the addition of Resell CNC Auctions and the unique auction platform, the company has become a trusted, reliable source for all manufactures in the industry.

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“At Resell CNC, our mission is to help manufactures solve problems by creating an innovative platform to buy and sell machinery and equipment enabling our customers to be competitive and profitable in the global market.” – John Butz

Most recently, Resell CNC became the only used machinery dealer in North America that can provide used and demonstration machines from Mazak with a factory warranty, installation, and training.

“My years of experience with Mazak have led to us helping Mazak with their loaner, demo, off lease, used and trade-in machines. We are extremely pleased to be working with an industry leader such as Mazak.” – John Butz

John’s schedule is certainly a busy one, but he does enjoy the times during the year that he can take to explore and vacation with his family. Along with traveling, John has a passion for adventure and enjoys physically challenging himself. He recently participated in an Ironman 70.3 in Coeur D’Alene ID where he swam 1.1 miles, biked 56 miles, and ran 13.1 miles. After all his time spent with travels, family, adventure and business, John makes it a must to schedule one exotic fishing trip a year to enjoy with his friends.

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Resell CNC Website

CNC Lathes

Vertical Machining Centers

Horizontal Machining Centers

Accessories

Resell CNC Auctions

Resell CNC Facebook Page

Resell CNC EBay Store 

Who are MDNA’s Young Guns? Learn More here

Cincinnati Hydraulic Press Brakes

Mechanical, Hydraulic, and now Electric Press Brakes. Which is best for me?

Written By: Adam Mattes, V.P. Sterling Machinery Exchange (MDNA Member Firm)

One of the most popular questions we hear at Sterling Machinery Exchange is…

What type of press brake do I need?  Most people are price conscious but want to make sure that they have enough capacity, proper controls and the correct safety gear to do the job.  There are many questions you need to ask yourself when shopping for the perfect press brake. 

There are many different brands to consider with lots of options such as Cincinnati Inc., JMT, US Industrial, Amada, Baileigh, Komatsu, Niagara and Chicago just to name a few. Besides CNC Controls, back gauges, and safety curtains or lasers you must decide on which one of the major styles would be best.

Cincinnati Hydraulic Press Brakes
Cincinnati Hydraulic Press Brakes

The most popular style is a Hydraulic Press Brake.  This style is the safest, most controllable and a bit more expensive than a mechanical brake.  They generally allow for multiple speed changes, for example you can set a Fast Approach Speed, Slow Forming Speed and a Quick Retraction Speed to really increase production time between bends.  Hydraulic also allows you more precision bends allowing for greater control when inching down and setting up for your job.  Another major benefit of the hydraulic brake is that you can reverse your stroke at any time.

The other biggest option is a Mechanical Press Brake.  These have been around for decades and many are still in use.  They are great for more simple jobs with less setup or special punching applications.  A mechanical press brake actuates a few different

Niagara Mechanical Press Brake
Niagara Mechanical Press Brake

ways, with either an air clutch system allowing for an electric foot pedal or a mechanical clutch and foot treadle.  The main difference between a hydraulic press brake and a mechanical press brake is that the mechanical brake cannot retract the ram until the flywheel has completed a full rotation.  This makes it harder to do certain jobs and you will not have the same control as a hydraulic machine allowing for ram retraction at any time.

New to the market is the Electrical Press Brake.  These machines are great for intricate jobs with multiple setups.  They use much less power to run and will give you the exact same bend every time by way of the servos that power the ram.  These are made for super high repeatability and are silent between strokes, great for laboratory or small shop environments.

Cincinnati Electric Press Brake
Cincinnati Electric Press Brake

 

Depending on the job you have you can save tens of thousands on bells and whistles that you don’t need.

You can visit Sterling Machinery Exchange, A member of MDNA at http://www.SterlingMachinery.com to Buy, Sell or Trade Your Machine today.  For thousands of machinery demonstration videos please visit http://www.Machinerytube.com Or
 Call Adam Mattes at Sterling Machinery Exchange 
626-444-0311 to find out what style press brake would be best for your needs. Article Written by:  Adam Mattes, Vice President & Auctioneer of Sterling Machinery Exchange

For more information on Press Brakes or to buy, sell or trade them you can also contact any of MDNA’s machinery dealers, located around the world, by using the Find Members>Search tool on mdna.org

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Here’s what you missed at MDNA’s Chicago Chapter Dinner in Chicago this year…

The MDNA Chicago Chapter/IMTS event was a huge success.  With over 220 attendees it was one of the largest chapter events to date.  Many thanks to all of the sponsors who helped make this event possible.  Please take some time and review this very powerful list of companies who contributed to making this evening one to remember.

Many thanks also to the Chicago Chapter Leadership Committee for working so tirelessly to put on this successful networking opportunity.  The Chicago Chapter Leadership Committee includes Chapter Chairman and Board Representative John J. Myers, Vice Chairman Thomas K. Mowery, Treasurer Ronni Graff, Membership Chairmen Joe Lundvick, Steve Kleba, Robert Yeoman and Past Chairman John A. Josko.

Congratulations to the winners of the Silent Auction!  The silent auction benefited the Austin D. Lucas Scholarship Fund and was arranged by MDNA First Vice President, Joe Lundvick.

And, another congratulation to the successful bidders in the evenings live auction!  Mike Reeves of Automatics & Machinery Co. Inc., was the high bidder on a Chicago Bears Jersey autographed by Mike Ditka, Donated by Wisconsin Metalworking MachineryMike DeRisi of Machinery Values Inc., was the winning bidder on a tour of the Yankee stadium with a photo signed by World Series champion Yankee, Derek Jeter, donated by Perfection Global. John Becker of Heat Treat Equipment Co. was the successful bidder on the MDNA Buyer’s Guide inside front cover ad location and Cesar Damino of Tramar Industries, Inc., won the MDNA Buyer’s Guide inside back cover ad location.

Special Thanks to the many volunteers who helped work the MDNA booth at IMTS 2016 this year! Check out more posts from IMTS 2016 on the MDNA Facebook page here

Rob Kroha, Performance Machine tools
Rob Kroha, Performance Machine Tools

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Angie Roskelley, Kim Khoury, Lisa Ziccarelli

Craig Ward and Lisa Z
Craig L. Ward and Lisa Ziccarelli

Jim and Jim Graff
Jim Bowman and Jim Graff

 

A very special thank you to our event sponsors below!

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Platinum Plus 

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Myers Technology Company, MDNA member firm PORTAGE

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Gold

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surplus record USD logo only 300

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MDNA Member Firm, Makes Inc. 5000 List of America’s Fastest Growing Companies

FOR IMMEDIATE RELEASE, August 31st 2016

Resell CNC Auctions for the third year straight has been on Inc. 5000 List of America’s Fastest-Growing Companies

Orlando, FL – Resell CNC Auctions (Machinery Dealers National Association Member INC5000-september-2016-cover_402[1] copyFirm) for the 3rd year in a row has been named by Inc. 5000. At #3,871, Resell CNC Auctions has had a 77% growth over the past three years. In 2014, the company ranked #155 and the following year earned a spot 47 spots ahead at #108.

“We are very excited to be named on the Inc. 5000 List for the third straight year. Our team is consistently working to remain the most reliable and trustworthy outlet for buying and selling used machinery,” – CEO, John Butz.

Resell CNC Auctions is a full stocking used CNC machinery dealer with offices in Florida, Arizona, and representation in California, Texas and Illinois. Backed by individuals with more than 100 years of combined experience, Resell CNC Auctions has been able to help manufacturers solve problems by providing an innovative platform to buy and sell used Inc500_stacked_goldmachinery, enabling them to be competitive and profitable in a global market.

The auction platform provides manufacturers all over the country with a way to buy and sell used machinery and equipment. The innovative format has allowed Resell CNC Auctions to be among one of the very few auction companies to be named on the Inc. 5000 list. The company has also been completely separated from the rest in the industry as the one and only machine tool dealer to be listed in the last three years.resellcnc_standard_CMYK[1]

Resell CNC Auctions continues to grow and will focus on creating new ideas, methods and products that will better serve their customers and distinguish them from the rest of their industry.

###

Resell CNC Media Contact:

Matt Horn Resell CNC 844.478.8181

matt@resellcnc.com

MDNA Media Contact

Jennifer Gray

jgray@mdna.org

From: Automated Assembly Corporation
Workcell examples: In the manual form(left), two dedicated operators per shift costs $270,000 per year. The automatic form (right) allows for added capital investment and one-eighth of an operator costs $32,000 per year.

Plastics manufacturing automation trends rapidly expanding

By Don Rosato via MultiBrief

Note: This is the first of a three-part series covering plastics manufacturing automation (1)trends, (2) material/process advances and (3) applications.

The business dynamics of plastics manufacturing automation technologies are rapidly advancing. Trends in labor and energy are having a fundamental impact on plastics processors businesses. To effectively compete internationally and defend/expand established markets, high-wage processors must automate production to increase the productivity and economic efficiency of their operations and keep wages in a competitive range.

Even without high production volumes, automation can make for extremely cost-effective production. But automation is much more than simply adopting the use of robots. Instead of a 35-hour workweek, processors have to be prepared to increase processing time to 168 hours per week in fully automated production operations. Small- to medium-sized companies also need to join forces to form cooperatives and centers of excellence, which calls for a willingness to work together.

Considering the complexity and diversity of today’s products, maintaining huge inventories is not a viable option. As Just-in-Time deliveries become the industry standard, having local operations offers significant advantages. Some areas are less prone to having production shipped overseas. One area is medical, with its demands for precision and high quality. Large parts are another area less likely to move overseas, due to logistics. Making large parts offshore does not translate economically because of shipping expenses, a greater rate of product damage, longer supply lines and lead times, and more recurring packaging costs, since returnable packaging is impractical.

To start with, unlike older robotics, automation systems today are multifunctional, reprogrammable materials-handling devices, adaptable to a range of applications. Of robots used in automation, the gantry-style generation of robots increases production speeds but has limited flexibility and is generally dedicated to only one machine/work cell for its entire life. In contrast, newer robots with six-axis capability are user-friendly, price-competitive and versatile. They can rotate 360 degrees and perform additional post-molding operations, such as vision and gauging inspection, multicomponent assembly, trimming and cutting, packing and shipping.

Automated quality monitoring also reduces human error and leads to higher standards. Furthermore, robots provide advantages in direct part transfer, product cleanliness, part orientation, part counts and automatic barcode checking. The use of robots has benefits beyond lower direct labor costs. They also tighten manufacturing costs through more uniform cycles, parts removal validation, longer mold life, and reduced scrap.

Automation is more than an effective defense to overseas competition. It also provides an advantageous ROI, typically paying back in less than a year. To take full advantage of automation, companies need to have multiyear automation plans and track results to ensure effectiveness. Rather than cut jobs as they automate, some processors are creating more secure jobs, retaining full-time employee head counts by growing business and training personnel. Automation and training personnel both eliminate lower-paid, manual-labor positions and provide for better upward movement, bringing employees greater job satisfaction as well as making workplaces less physically strenuous and safer.

Next, energy management will save money and make a business more competitive. To reduce energy usage it is necessary to understand where, when, why and how much energy is being used. The main electrical energy users are motors and drives, heaters, cooling systems and lighting. A simple site energy distribution map will show where energy is being used. The use of submeters can help provide information on the areas of high energy use, which is a key factor in reducing energy costs. Energy use in plastics processing is a combination of the specific energy consumption (SEC) used to process each kilogram of finished product times production volume, and the base load, which is incurred regardless of whether production is taking place or not-it. Reduction in SEC involves improving production efficiency, and reduction of the base load mainly involves switching something off such as idling machines, heaters running with no production, and so on.

Businesses operating injection molding equipment can reduce operating costs and save energy using Powerboss, Somar’s latest motor control technology. Motors are extremely inefficient and use far more energy than they actually need, causing businesses to waste money on power, and puts added stress on machinery as the excess energy is released as heat, vibration and noise.

The Powerboss system assesses the needs of an AC induction motor every 1/100th of a second and dynamically adjusts the power required using microcontroller technology to deliver to the motor the exact power required. Cyclic loads such as injection molding machines are prefect applications. Powerboss is able to generate 15 to 30 percent power savings. Machines using Powerboss are also quieter, cooler and generate less vibration. In addition to injection molding machines such as Sandretto, Arburg, Demag and Toshiba, Powerboss can also be used with auxiliary equipment, like granulators and conveyors.

Continuing, the wireless factory is one area in manufacturing offering considerable future growth potential. The system uses a wireless local area network (WLAN) within a plant together with portable devices, like notebook computers cellphones, and PDAs, to provide real-time operational data.

Enabled by equipment advances and standardization of wireless specifications, the concept goes beyond standalone applications like automatic guided vehicles to extend throughout a plant and replaces wired devices, like computers, sensors and telephones. Using handheld devices to transmit, store and access real-time data on materials management, maintenance, shipping and so on significantly accelerates the rate at which personnel can identify and correct problems or plan for upcoming requirements.

BlueSecure access (L), BlueView ‘WLAN’ management system (R).
BlueSecure access (L), BlueView ‘WLAN’ management system (R).

Initially, the wireless factory was adopted for large manufacturing plants, such as those of BMW, Boeing, and chipmaker Intel, but as the benefits of wireless become evident, it is being adopted for more manufacturing facilities, even for smaller plants. Coming on strong among plastics processors, it is only a matter of time before they also adopt the wireless factory for its benefits in productivity, economy and competitiveness.

One development expected to accelerate the growth of the wireless factory is the push of RFID devices into the mainstream. One benefit of the wireless factory it gets people off the carpet and onto the concrete, bringing personnel out of their offices and into the factory. When fully in place, wireless technology is said to dramatically improve a company’s operational efficiency and profitability.

In wireless networks, compact “gateway” receivers process signals from a company’s e-mail and factory application servers and transmit them to access points in the factory, also compact wireless devices that transmit data to or from the factory floor. Via the access points, personnel are able to receive or transmit data throughout the factory using handheld devices. Using industrial PDAs, for example, employees can download information from a variety of sources, including their offices, view it on LCD screens with computer-like quality, and transmit it through the factory.

Finally, meeting the specialized high-tech needs of specific OEM markets is a promising path for plastics processors of industrialized nations to better compete with the low labor cost regions in the global economy. The stringent demands and specialized requirements of the medical goods market is an excellent example. Well-known quality standards, rigorous documentation and extensive testing are accepted practices in this segment of the plastics processing marketplace.

Syringes, suture guns and other medical devices used in direct patient care applications demand tight tolerances and specific labeling to deliver a precise volume for example, as well as to comply with the processor’s legal obligations when producing such parts. An automated workcell can complete the various processing steps, including decorating or welding, within the 10 to 16-second cycle time parameters common in this industry segment.

The processor additionally can ensure that quality standards and the related, necessary documentation is met using an integrated automated vision system that can measure the accuracy of the part to within hundredths of a millimeter and document it, as well. Similarly, in the highly competitive world of automotive OEM suppliers where efficiencies are critical, workcell systems employing machine-side flexible plug-in automated modules, which heretofore would have required multiple separate part inventory and finishing steps, are seeing increasing use. This is especially true, for example, in under-the-hood or interior automotive parts production as well as for instrument clusters or shrouds, where the part is touched only once, while as many as four process steps have been completed during its manufacturing.

The packaging marketplace is also a focus of competition for the North American plastics processor, who must have a technological as well as geographical edge, to satisfactorily compete for what can be very lucrative business. OEMs in this sector are demanding unique features that will attract a jaded consumer’s eye. Often an attention-grabbing feature can be created using unusual packaging. This is where highly automated new plastic technologies to create bold shapes colors and/or graphics can provide a distinguishing advantage in the packaging market where the ability to form and decorate in one seamless operation can be the key to both technological and commercial success.

From: Automated Assembly Corporation Workcell examples: In the manual form(left), two dedicated operators per shift costs $270,000 per year. The automatic form (right) allows for added capital investment and one-eighth of an operator costs $32,000 per year.
From: Automated Assembly Corporation
Workcell examples: In the manual form(left), two dedicated operators per shift costs $270,000 per year. The automatic form (right) allows for added capital investment and one-eighth of an operator costs $32,000 per year.

 

About the Author

Don Rosato

Dr. Donald V. “Don” Rosato serves as president of PlastiSource, Inc. a prototype manufacturing, technology development and marketing advisory firm located in Concord, Mass., and is the author of the Vol 1 & 2 “Plastics Technology Handbook”.

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Britain Votes to Leave the EU, Review by: European MDNA Member Firm

Review By: John Marshall of MDNA Member Marshall Machinery Ltd. 

The Results are in: We are OUT  ::  Cameron to Stand down in three months. £ has dropped to lowest level: : House Builders share have a dramatic fall.
john marshall, marshall machinery
John Marshall, Marshall Machinery Ltd (MDNA European Chapter)

Having sat up through the night to watch the counts come in, it is clear that there is a relatively even split throughout the United Kingdom and the vote has been won by a relatively narrow margin. But looking at each region individually, there are huge differences in specific areas. Turnout has been higher than expected though (72% on average), so the voting public have engaged in the referendum process, with almost 20% using postal votes where they weren’t able to reach the polling stations.

This is a shock result though and one that we know many of our clients were not expecting. We have heard a lot of political and economic arguments, but we have asked our team of professionals to explain how we anticipate this will impact on our clients: Employers, Landlords, Individuals and Businesses.

1. Impact on UK Law

It is very important to remember 2 key facts:

  1. i) The United Kingdom has a 2 year window to put in place the exit mechanism, and
  2. ii) All of our laws are put in place by legislation in the United Kingdom, not directly by EU Law.

Therefore from a legal perspective today is business as usual. Nothing has changed as of this moment in respect of UK legislation – it is all still valid and in place.

So how does EU Law impact?

There is some impact in that those in the European Union are protected by its “fundamental freedoms” and if the UK legislation is considered to breach those freedoms then the European courts can rule that certain aspects of the UK law are invalid and fail. These cases tend to be related to business or taxes. The freedoms are to move goods or capital, free movement of workers, and freedom to provide services in the EU. This means that if the UK has a law that would restrict the ability of an EU member state to benefit from any of the fundamental freedoms, that aspect of the law fails. For example, the UK cannot have tax rules whereby a trust with an EU trustee is worse off than it would be with a UK trustee.

These laws are still written in UK legislation, but the right to challenge these on EU principles will be withdrawn. In practice it was large businesses who would use these rights of challenge to test UK law, but the principles established then applied to everyone.

2. Impact on Small Business

UK Focus

Many of our clients deal entirely within the UK market; we manufacture, run shops and cafes, have local printing businesses and, in the main, deal with UK suppliers and customers. Machine tool business is international

We anticipate the following changes:

  1. i) The Ripple Effect: further up supply chains or down customer chains there may be a reliance on the EU free trade protections, which may disrupt otherwise very steady businesses.
  2. ii) Finance: Overnight the economists have been suggesting that inflation will increase as the pound weakens in the short term, in light of the short term uncertainty. As the strength of the pound depends on confidence in the currency, is it reasonable to think that it would be impacted until the 2 year exit plan had been finalised?

iii) Employment: see below

  1. iv) Funding: there are grants and funding available for training, recruitment, research and development work available under EU initiatives, which are likely to be withdrawn quickly. Any business that had been planning to make claims should review whether that funding remains available.
  2. v) VAT: This is a European tax, and so may be withdrawn, replaced or, possibly, increase as it becomes a tax on movement of goods and services over the new EU border. See the section below for the early information by the Chancellor on the expected Emergency Budget and tax impacts.

Businesses with cross border transactions will find their costs, particularly outside of the EU, have increased in the short term whilst the currencies even out. Within the EU it may be that the euro also weakens and so, ironically, trade with the Eurozone may increase in the short term.

3. Employers

Employers will need to keep a close eye on the impact on their specific market, as the volatility in currency strength, exports, anticipated changes to VAT and their employees.

It has been warned that there will be increased taxes to plug the shortfall with public funding, which may well be applied as increased business tax, council tax and employer NIC. At the same time, many small employers are just introducing the pension requirements through auto enrolment. With the 3% tax increase being mentioned in the press, and a pension cost starting at 2% of wages, UK costs will be increasing.

Depending on how the exit is negotiated, there may no longer be a right to work in the UK for EU nationals. Employers with EU nationals should continue as normal today, unless or until the law is changed. It may be that they will require visas or permits, or that only skilled workers will be permitted.

It should also be noted that if interest costs increase, then mortgage costs will increase, and employees will be facing increasing costs in their home life.

4. Individuals, savings and investments

Overnight the stock markets have reacted to this news, as forecasts had predicted that the UK would remain and this has gone against expectations. It is being commented that the voting public have not trusted the economic information that has been presented to them, and this early warning is that the movement on some of the overseas markets is down 15% (as at time of writing – 4am). If the LSE were to open at 4am, it would be 8% down overnight… we wait to see what happens as it opens.

Travellers and holiday makers are likely to find that their currency exchange rates will take a hit, not only in the EU and the Eurozone, but also against global currencies. Booking all-inclusive holidays would be a sensible decision to provide some degree of protection against fluctuating costs until the markets settle down.

Savings and pension funds holding share portfolios will be impacted in the short term, and those who have annuities based on the stock markets (which includes many annuity backed pension funds) may find that their pension annuity reduces, or that their fund is depleted as the capital is used to top up the income needed.

Expats and EU nationals living in the UK

It is not clear how this relationship would continue, as there are thought to be almost 3m EU nationals living in the UK, and a large number of UK nationals living throughout the EU. In theory, there will no longer be any entitlement to do so, as the fundamental freedom of movement allows EU nationals to live in different countries.

Many of the EU nationals in the UK are in lower paid employment and are a key part of manufacturing and care services, as well as providing seasonal work for agriculture. This will be a key aspect of the 2 year exit strategy.

5. Landlords

Property traditionally holds value on long terms trends, but the UK has had recent tax changes that have impacted on the property market already, and so this is likely to create volatility. Until last year, overseas investors were not subject to UK capital gains tax on UK property; with this tax now introduced, and with the freedom for the UK to increase these taxes now, will be see overseas owners choosing to sell their UK properties?

Landlords with EU nationals as tenants will need to keep an eye on the exit strategy to see whether those nationals will be permitted to remain.

Inflationary impacts on mortgage interest need to be factored in when looking at forecasts, particularly as tax relief for that interest is being withdrawn. It may no longer be commercially viable for some landlords to retain all of their properties.

6. Expected Emergency Budget

The Chancellor had warned that tax costs would have to increase in the short term, and that there is likely to be an austerity budget, with further cuts to public services. It has been widely commented that this was announced as a tactical move, as it would break with election pledges not to increase tax.

We expect to hear in the coming days as to how the UK Government intends to seek to restore calm to the UK economy.

Summary

This is a shock result and will create short term volatility, but based on what we have seen happen before it is reasonable to expect the marketplace to settle down in the near future. In the short term it is a matter of weathering the storm and preparing for the opportunities that may be presented by lifting of any restrictions placed by the EU on trade.

The UK is a nation that has proven adept at adapting – whilst the result may be a shock, now is the time to reflect and ensure that everyone is looking to their own businesses and investments to ensure that our country continues to thrive.

It is perhaps telling that we have come full circle, and the best advice we can give, as at 5am, is to Keep Calm and Carry On!

Bob Yeoman

New England Chapter Tours the Famous Fenway Park

MDNA’s New England Chapter met on June 9th 2016 for a very unique and special experience touring the famous Fenway Park in Boston, MA. The chapter dinner meeting followed the tour at the local Tony C’s Sports Bar & Grill. A special thank you to Paul Gedenberg with BayState Riggers & Millwrights (Machinery Movers + Auction Removal Specialists) for helping to sponsor this event!

Read what members had to say about this meeting…

L to R: Mark Barowsky, American Systems & Equipment, Brian Besse, Wigglesworth Machinery, Kevin Brewster, AEA, On Target Machine Brokers LLC.
L to R: Mark Barowsky, American Systems & Equipment, Brian Besse, Wigglesworth Machinery, Kevin Brewster, AEA, On Target Machine Brokers LLC.

 

Bob Yeoman
Bob Yeoman, Yeoman Machinery Corporation

“Last night I attended the New England Chapter meeting and toured Fenway Park. My motive was purely selfish – as I thought this might be the only opportunity I might ever have to see the greatest park in MLB – but the frosting on the cake was the chapter meeting.

It allowed me to put some face time in with some of our members I have known for many years – and a few I have never met.  I also met up with a prospective new member who would not only be a good addition to our organization – but provided me with a direct link to a European machinery line that I was looking to contact. (Just what our organization is supposed to be about – Right?)

On another note – I have worked with Kevin Brewster on a few deals – but this guy should appear in the dictionary as our poster child for MDNA. Enthusiasm to say the least – with keen understanding of what our association can do for us as individuals and dealers. He’s working hard on both fronts for the organization and his membership.

I know I benefited enormously by taking the time to attend this meeting.” –– Bob Yeoman, Yeoman Machinery Corporation

“Thanks for setting last night up. The people who couldn’t make it missed a great time.”

–John Bouley, Furnace Brokers Inc.FENWAY2

“Great job last night …..FYI Julie is your secret weapon…Awesome help!!!”

–Nate Smith, Absolute Machinery Corporation

“Thank you for the opportunity. It was a great first experience with the MDNA. I learned a lot and what a great bunch to hang with. I’m looking forward to the future with the MDNA.” Paul Gedenberg, BayState Riggers & Millwrights

See the photo album from the event here

Members, make sure to check out MDNA’s Calendar of Events page and your MDNA email notices for regular chapter events to attend throughout the year.