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Manufacturing & Engineering

N.Y. manufacturing index turns negative again on falling new orders

A “sharp reversal” in the indexes measuring new orders and shipments sent the monthly gauge of the state’s manufacturing sector back into negative territory.  The Empire State Manufacturing Survey general business-conditions index plunged 36 points to -11.6 in May, pointing to contraction in manufacturing activity. The index had climbed by the same number of points to 24.6 […]

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Buffalo private-equity firm acquires ICM Controls

CICERO, N.Y. — ICM Controls, Inc. of Cicero and its affiliates are now under the ownership of Lorraine Capital, LLC, a Buffalo–based private-equity firm. ICM Controls is a manufacturer of electronic control products. ICM, which has about 300 employees, is based in Cicero at 7313 William Barry Blvd.,  off East Taft Road. Lorraine Capital acquired

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