Used Screw Machines | Graff-Pinkert.com

Should I Buy the Expensive or Cheaper CNC Machine? With Justin Tauber–Ep. 159

Our guest on today’s podcast is Justin Tauber, co-owner and Vice President of Integrated Machinery Systems (IMS), a machine tool distributor in Itasca, Illinois.

Justin’s company sells a wide variety of machine tools, ranging from turning machines, machining centers, grinders, 3D printers and automation equipment. In our interview, Justin discussed the merits of high-end expensive European machine tools as well as the advantages of lower cost brands built in Taiwan. If you’re currently thinking about purchasing a new CNC machine, I think you will find this interview useful.

Cheaper Brass, Rising Celery

What if the popular wisdom is wrong? As usual.

For many decades, the consensus was that if inflation gets too hot, the Federal Reserve must raise interest rates to tame it. Reduce demand for goods and services by making them more expensive, then people will purchase less and the pressure on prices will seep out like air in a balloon. It makes sense, seemingly. The Fed is the only powerful force capable of doing this in the American economy because Congress and the President have become helpless beasts stuck in Washington sludge, incapable of reducing federal spending.

Manufacturing in Africa? With Edwin Mbinkar–EP 158

Edwin Mbinkar, Director of Engineering High Tech Centre Yaoundé, Cameroon

I came into contact with Edwin Nyuysever Mbinkar a month ago, when he sent an email to Graff-Pinkert inquiring about an expensive Mikron 5-axis machining center on our website. He explained that he was the manager of a High Tech Centre (British spelling of “Center”) in Cameroon, and he wanted his school to have the first 5-axis machining center in the country.

Inflation, Recession, Pretzels?

You are confused about inflation, interest rates, recession—your job. I’m not going to act like the Wall Street economist who knows less than nothing, but proclaims there is a 10% to 90% chance of recession to justify their million-dollar paycheck.

I’m going to tell you what is going to happen over the next year. Give me a grade next July 4th when the fireworks go off.

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Trading Sanity for Stability in a Machining Company, with Matt Wardle—EP 157

By Noah Graff

Today’s guest on the podcast is Matt Wardle, owner and President of JD Machine Corp. in Ogden, Utah. JD Machine currently produces around 4,000 active part numbers, serving a diverse group of sectors, which include aerospace, defense, and medical.

Matt says he sometimes envies other machining companies who have a more narrow focus on the types of parts they produce because it simplifies their operations. Yet, he insists that producing a diverse group of parts is the best path for his company to have longterm success.

How a Machining Company Thrives after 108 years in Business, with Michael Ottenweller and Terry Hanson—EP 156

By Noah Graff

Our guests on today’s show are Michael Ottenweller and Terry Hanson, of Ottenweller Company, a medium-sized fabrication and machining company headquartered in Fort Wayne, Indiana. Ottenweller is a 108-year-old fourth generation family business. I spoke with Michael and Terry about how a family business can grow and thrive for over a century and continue to find new quality talent.

Who Am I Missing Out On?

I wonder. How many people in the world do I already know who I’m missing out on doing great things with?

The used machinery business is quite good lately for Graff-Pinkert, though I’m probably jinxing this prosperous period by saying that. Sometimes I ask myself how I have contributed to make these deals happen. I know that sounds like a comment from a business person lacking swag, but it’s good to ask oneself why things are working while they are working. It often seems like we luck into our best deals. We just happen to serendipitously find the one person in the world looking for a legacy Hydromat HB45-12 or an INDEX MS42C CNC Multi-Spindle Mfd. 1999.

Getting lucky—finding that one guy (or woman) who wants to buy our machines—I think can be attributed to our customer network as much as anything. It sounds crazy, but I think at least 50 percent of the deals Graff-Pinkert makes include at least one party who we already have a past relationship with. We have relationships with a colorful cast of characters around the world, comprised of dealers, end-users, and auctioneers. A lot of these people I’ve really gotten to know well for many years, and I regard them as friends. We talk on the phone often, and they actually seem to genuinely care when they ask how my newborn son Abe is doing.

Graff-Pinkert - Screw Machines, Hydromats, CNCs

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