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Fadal Vice President Joins Hyundai-Kia Machine America Jerry McCarty Vice President of Worldwide Sales - MAG Fadal will join Hyundai-Kia Machine America on October 1, 2009. "This appointment brings tremendous exposure to the product line" explains Troy Owen, VP Sales & Marketing Hillary Machinery Inc, "and it shows that Hyundai-Kia Machine America is growing in popularity even within the executive employment marketplace." It's also becoming more and more commonplace to see accessories suppliers inquiring in hopes of partnering with one of the fastest growing machine tool product-lines in North America. "Even our dealer competitors are making inquiries to Hyundai-Kia Machine America in hopes of 'sizing up' the product-line, no doubt a result of losing market share to Hyundai-Kia in Texas."
WIA Corporation is reporting on their Korean website http://en.wiamachine.co.kr/intro/intro_info.asp?de=11&main=1&sub=1 "WIA Corp., with number one domestic market share, was integrated with Hyundai Motor Company’s Machine Tools division in 2005 and launched a new brand "HYUNDAI-KIA MACHINE" having confidence in standing shoulder to shoulder with other prominent machine tool brands domestically, as well as internationally....."
This would certainly indicate that they have surpassed rivals Doosan, Hwacheon, Samsung, and others in South Korea where they are all headquartered. Hyundai-Kia Machine is well on their way to the goal they set in 2005 of having a global top 5 ranking. When Hillary Machinery Inc visited Hyundai-Kia Machine in Korea in June, we learned that WIA had recently hired a number of Doosan's top engineers as well so they are very determined to make their mark in this industry. Not only has Hyundai-Kia dominated in South Korea, they are on the fast track to take market share in the US by stocking several hundred models in LA and NJ. We have already transitioned many Doosan and Hwacheon long time customers over to Hyundai-Kia right here in Texas. Hyundai-Kia, Doosan, Samsung, and Hwacheon have many competitive models to offer, but we (and Hyundai-Kia) have been very successful showing customers and prospective customers the greater value with Hyundai-Kia's product depth, lower pricing and immediate availability. I'm not even certain at this point if Doosan can stop Hyundai-Kia from overtaking them. Hwacheon is not even a significant competitor any longer and it may prove more difficult for Samsung to even get thier product line off the ground. Everyone is jockeying for a position. Many dealers are trying to secure the Hyundai-Kia line in thier territories and many of our competitive dealers are contacting our sales people as well. You know you have something special when your competitors continuously try and recruit your product line and your people.......they just want what we have." For Specials and Promotions on Hyundai-Kia, Click Here
Dallas Market Hall will host the annual North Texas Machine Tool Show Wednesday & Thursday, October 7-8, 2009. Hillary Machinery Inc will have the largest presence at this show filling 2 booths (FS300 and FS400) at the main entrance. The Hillary booths will have Hyundai-Kia, Milltronics, and bar fed Tsugami Swiss machines under power along with tooling and workholding products. For tickets, call (800) 683-1516 or send us an email (sales@hillaryinc.com) with your contact information and mailing address and how many tickets you would like sent.
Texas Manufacturing Contracts at a Slower Pace in August The Federal Reserve Bank of Dallas has released the latest Texas Manufacturing Outlook Survey. Results of the Texas Manufacturing Outlook Survey suggest that factory activity continued to contract at a slower pace in August. The production index dipped slightly. Indexes for capacity utilization, new orders and growth rate of orders ticked upward, but they remained negative. For the most part, the changes reflect fewer companies seeing declines in these measures. Get the full story at <http://dallasfed.org/data/outlook/2009/tmos0908.html>
Federal Reserve Chairman Ben Bernanke Optimistic Federal Reserve Chairman Ben Bernanke on Friday offered his most optimistic outlook since the financial crisis struck, saying the economy is on the verge of growing again. Get the full story at http://lubbockonline.com/stories/082209/bus_484329089.shtml
Texas' Civilian Labor Force Grew to 12 Million Jobs Texas’ civilian labor force grew to 12 million jobs for the first time in the state’s history. Total nonfarm employment grew by 37,900 jobs in July. The state experienced job gains in the professional and business services; education and health services and construction sectors.............Nonetheless, the Texas unemployment rate remained well below the national rate, and there were signs of positive growth in certain industries,” says Texas Workforce Commission Chairman Tom Pauken. Get the full story at http://www.bizjournals.com/dallas/stories/2009/08/17/daily49.html?ana=from_rss |
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