Acting individually and collusively through the NMTBA, machine tool firms set and defended prices high enough to build reserves that carried them over long slack periods and funded product development.
The quotes are from remarks by Ralph Flanders of Vermont, later NMTBA president.
The NMTBA contends that the VRAs accomplished what they set out to do; that from 1987 to 1989, US machine-tool companies averaged productivity gains of 11.
The NMTBA contends that the company's balance sheets haven't improved and that lasting stability and full strength of the industry have not been achieved, necessitating extension of the VRAs.
NMTBA has established a two-year scholarship program for students enrolled in a manufacturing-technology-related associates degree program.
NMTBA is also fostering interest in excellence in skilled machining by working closely with the Vocational Industrial Clubs of America and participating in the VICA US Skill Olympics Precision Machining Competitions.
Almost one-quarter of the respondents have no insurance at all, mostly because they found their carrier's proposals too expensive, although some couldn't even get a proposal," reports James Mack, NMTBA VP of government relations.
It's been a long struggle, but there may be a light at the end of the tunnel," the NMTBA official claims.
In the absence of an international pallet standard, a committee of the NMTBA
and various international manufacturers is trying to create an ISO specification.
Regal 15" and 19" lathes are built to NMTBA
toolroom lathe accuracies and offer center distances of 30" to 150".
His service to the metal-working industry at NMTBA and at the National Tooling and Machining Association (NTMA) spanned four decades.
Today NMTBA is housed in its own building in McLean, VA, and has a staff of 80.