Category Archives: Headlines

Profit Report, Financial Benchmark Survey
Also known as the PROFIT Report, and conducted with the help of the Profit Planning Group, this annual survey helps distributors benchmark financial performance on indicators that relate directly to profitability. Each participating company will receive a confidential Performance Analysis Report that directly compares performance and profitability with groups of peer companies. Participants also receive...

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2018 FIRST Robotics Competition
The 2018 FIRST® Robotics Competition officially kicks off this Saturday, January 6. Teams will be able to begin designing and building their machines, find mentors, and learn more about this year's competition. Many NFPA members use this program as an opportunity to work as mentors to local students and get them interested in pneumatics, a method...

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2018 Fluid Power Professional's Day photo contest
The 2018 Fluid Power Professional's Day Photo Contest is officially open. This annual contest is run by the International Fluid Power Society and Fluid Power Journal. The deadline for submissions is March 31, and the winners will be announced on Fluid Power Professional's Day (June 19). This year's categories include New Perspective, Teamwork, Fun with...

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NFPA introduces PROFIT Report in 2018
Long popular with distributors in fluid power and other industries, the Profit Planning Group’s survey-based PROFIT Report will be available to NFPA member distributors starting in January. The survey can be filled out using balance sheet and income statement information, as well as operations information such as staffing numbers and sales breakdowns by product type...

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NFPA FAMTEN Network
    By Eric Lanke NFPA President/CEO As we approach a new year, many NFPA members are putting together their business plans for their next fiscal year. That makes it a great time for me to remind everyone of a new program in NFPA’s fluid power workforce development initiative, and to ask interested members to...

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Annual Conference
Underlining the key benefits of NFPA’s Future Leaders Network, the 2018 Annual Conference will offer lots of great opportunities for education and networking plus some fun! On Tuesday, February 20, the Future Leaders will convene for a short meeting featuring a special speaker sharing lessons in leadership, followed by a casual reception to help everyone...

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CCEFP Webinar
The 2017 CCEFP Webinar Series concludes next week on Wednesday, December 13, 2017 at 1:00pm EST/ 12:00pm CST. This final webcast of the year will cover the CCEFP State of the Center. Registration is required to attend this free webcast. Interested NFPA members should sign up for the webcast by following this link. After registering, you will receive a...

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December 1 Fluid Power Industrial Consortium (FPIC)
Around 40 fluid power academics and professionals met at the InterContinental Milwaukee for the December 1 Fluid Power Industrial Consortium (FPIC) seminar, which centered on the use of composites in fluid power. The presentations outlined the advantages and challenges surrounding the present use of composites in fluid power components and also speculated on currently untapped...

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NFPA member news
    By Eric Lanke NFPA President/CEO As we enter the season of giving, I’d like to take this opportunity to shine the spotlight the Pascal Society, the annual giving society of the NFPA Education and Technology Foundation. Over the last four years, many NFPA members have made donations through this important mechanism, which has...

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Spencer Tiegs headshot, winner of NFPA Robotics Scholarship
I recently caught up with Spencer Tiegs, the 2017 NFPA Robotics Challenge winner. Spencer won the $40,000 scholarship ($10,000 per year for four years) for his work in using fluid power in his team's FIRST® Robotics competition robot when he was senior in high school. He is using this scholarship to attend the Milwaukee School of Engineering (MSOE) Mechanical...

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