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SABC Spring Newsletter 2018
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Platinum Members
Gold Member 
Silver Members    
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Welcome to our New SABC Corporate Members!
 We welcome Mueller as a new Corporate Member and its Managing Partner, David Nissen. Since 1968, Mueller has provided accounting, tax, assurance, and management consulting services to companies, local governments, and not-for-profits. Mueller is based with multiple offices in the Chicagoland area and provides services worldwide.
 We welcome AKRIS as a new Corporate Member and its Specialist, Jeffrey Bergandine. AKRIS is a Swiss fashion house specializing in luxury goods for women designed by Creative Director Albert Kriemler. AKRIS is headquartered in St. Gallen, Switzerland. Our AKRIS Specialist, Jeffrey Bergandine, is at the Neiman Marcus store on Michigan Avenue in Chicago.
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You are cordially invited to the Swiss Innovation Event and Reception with the UIC, The SABC Innovation Initiative, and the Swiss Honorary Consul of Chicago.
 Building the Bridge between Switzerland and the Innovation Center at the UIC
Featuring: Peter Pfanner, Director, Innovation Center, University of Illinois at Chicago
Simon Marti, Head, Science, Technology and Higher
Education, Embassy of Switzerland, Washington DC
Thursday, April 26th, graciously hosted by University of Illinois at Chicago
1240 W Harrison St, Chicago, IL 60607 from 6:00pm to 7:30pm
Peter Pfanner, head of the Innovation Center at the University of Illinois at Chicago, will give us a tour and presentation of the Innovation Center.
Situated in one of the country’s leading research universities, the Innovation Center is a collaboration, education and incubation center embedded in the University of Illinois at Chicago. The Innovation Center initiates programs and participates in activities that bridge research and education with industry. During each engagement, companies, educators, experts and students collaborate on real world problems and deliver real world results. More information |
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Save the date for the Upcoming SABC Events
April, 26, 2018: Swiss Innovation Event with the UIC
August 1, 2018: Swiss National Day Reception
December 6, 2018: Annual Christmas Dinner and Fundraiser
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The 2018 SABC Annual Members Meeting was a great success.
The 2018 SABC Annual Members Meeting was a great success.
Our host was Marc Lacher, a Private Client Advisor with William Blair. For more pictures of the event, please visit the SABC's photo gallery.
  
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Switzerland – For the ride of your life.
Switzerland Tourism is teaming up with Divvy bike in Chicago from April 30- June 11 to celebrate biking. Give your friend a free bike ride by sending a Swiss postcard and get a chance to win a trip to Switzerland, a BMC mountain bike or a Victorinox Swiss Army suitcase! Mighty mountains, dark gorges, deep green forests, picturesque lakes, rushing waterfalls, mystical moors – Switzerland is a paradise for nature lovers. Endorphins when cycling uphill, adrenalin when racing down – cyclists love our country’s varied landscape.
 
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 Celebrating 30 years as a North American subsidiary, HEULE Tool Corporation will host an open house and pig roast on Wednesday, April 25, 2018.
CEO Ulf Heule will be visiting the Loveland, OH facility, representing HEULE Werkzeug Ag in Balgach, Switzerland. Both Ulf and North American President Gary Brown have been at the forefront of HEULE’s expansion since Heule Werkzeug Ag first established the subsidiary to expand their sales of automated deburring and chamfering tools into North America.
In the first year of their establishment as a subsidiary, HEULE Tool Corporation did not make any sales, but in 1989 sold their first tools to General Motors- Hydromatic in Toledo, OH and Caterpillar in East Peoria, IL. Sales continued to climb as more high-volume manufacturers discovered how HEULE tools reduced production times and resulted in higher quality parts. Breaking into the aerospace market in 1994, HEULE now sells over 6,500 tools to aircraft manufacturers in North America.
HEULE moved their offices to Cincinnati, OH from West Plymouth, MI in 1993 and in 2015, moved into their current space in Loveland, OH, a much larger office and warehouse space which currently stocks over $1.3M in inventory of standard tools. 90% of orders are shipped within 24 hours to customers throughout North America in the automotive, aerospace/defense, heavy equipment, and medical industries.
HEULE will commemorate the 30th anniversary by hosting many of their valued sales agents, distributors, customers, vendors, and public officials at the open house event which will run from 11:30 am-6:00 pm on April 25th. More information
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 BIG KAISER Precision Tooling Celebrates 70-Year Anniversary
In 1948, the 25-year-old Heinz Kaiser decided to give up his permanent job and start his own business near Zurich, Switzerland. His vision was to advance the development of high-quality tools needed to keep pace with the increasing productivity of machine tool technology at that time.
Heinz Kaiser had clear goals in mind: modern tools, manufactured in his own workshop, meeting high requirements. That meant designing tools which were strong, well-balanced and capable of boring precise holes with high accuracy and surface quality. Over time, this commitment to ongoing research and development was enriched by decades of experience in the design, manufacture and application of efficient cutting solutions. The result was a complete range of CKB (KAB) tool and clamping systems for boring, milling, drilling, and external turning which are still widely used in industries around the world today.
Now a member of the BIG Daishowa Group of companies, BIG KAISER Precision Tooling continues to have an integral role in the company’s worldwide R & D and manufacturing strategy. The next generation of products developed in Switzerland delivers connectivity essential to today’s smart manufacturing environments. For example, the EWE Digital Boring Heads enable repeatable and highly precise cutting parameters (.0001" and finer) and connect to a smartphone or tablet app to configure, monitor and track historical adjustments for multiple tools.
It has been 70 years since Heinz Kaiser started his success story with strong will, much faith and a little bit of luck. Many things have changed in the world of manufacturing and technology, but the quality standards of BIG KAISER Precision Tooling are unchanged. We want to say thank you to our customers, friends and supporters over these 70 years.
BIG KAISER is a worldwide leader in high-precision tooling systems and solutions for the metalcutting industry that guarantee extreme accuracy and repeatability. Our products are of the utmost quality — manufactured with materials and craftsmanship that enable superior performance. As a member of the BIG DAISHOWA Group (Osaka, Japan), BIG KAISER has grown into a well-recognized global tooling provider, with manufacturing facilities in North America, Switzerland and Japan. In addition, BIG KAISER is the North American representative of Speroni tool measuring machines, Sphinx high performance drills, mptec measuring stands, Tekusa spindle cleaners and the UNILOCK zero-point workholding system by Innotool.
For more information, contact BIG KAISER, Hoffman Estates, IL at 224-770-2999, e-mail bigkaiser@us.bigkaiser.com or visit www.us.bigkaiser.com.
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 Introducing Proportional spool valve for larger volume flows
The spool valve is pilot operated by a new proportional pressure reducing valve. The main control spool can thus be controlled very precisely with a low hysteresis. The cost-optimized construction of the pilot control leads to a price reduction of the overall valve. The valve can be operated up to a volume flow of 200 l/min and a pressure of up to 350 bar. The nominal flow at a pressure drop of 10 bar is 90 l/min and can be sensitively controlled by a variable solenoid current.  The valve is perfectly suitable for demanding applications, due to its high resolution, high volume flow and low hysteresis. The pilot operated valve is used where high volume flows have to be controlled. Due to the large flow range and the high stiffness of the actuation as a result of the pilot control, these valves are suitable for applications where fast acceleration and deceleration processes, high speeds and sensitive motion sequences are required. The applications are in the industrial and mobile hydraulics for smooth control of hydraulic actuations. The valve of nominal size NG10 is available as a 4/3- or also as a 4/2-way function with the designation WVPFA10. For the control, different controlling electronic devices are available, e.g. the SD7, the MD2 electronics, or the DSV or PD2 electronics that are mounted directly onto the valve. Further details can be found in data sheet 1.10-3500.
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Recent Developments on Investment in the U.S.: President Blocks Broadcom-Qualcomm Under CFIUS, Citing National Security Concerns
Acting on a recommendation by the Committee on Foreign Investment in the U.S. (CFIUS), President Donald Trump has blocked Singapore-based Broadcom Ltd.’s proposed $117 billion hostile takeover bid of U.S.-based semiconductor and telecommunications company Qualcomm, Inc. It is the second time President Trump has blocked transactions utilizing CFIUS authority, with Broadcom-Qualcomm being only the fifth time a U.S. president has intervened since the creation of CFIUS over four decades ago.
The March 12, 2018, executive order should be significant news for any non-U.S. owner, investor or controller of a U.S. business or technology. More information on CFIUS risk in potential transactions and other trade developments can be found at:
http://www.btlaw.com/Foreign-Investment-in-the-US-President-Blocks-Broadcom-Qualcomm-Under-CFIUS-Citing-National-Security-Concerns-03-20-2018/
Barnes & Thornburg’s Global Services Group counsels Swiss and other European entities engaged in business in the United States in corporate, immigration, regulatory, intellectual property and other legal matters. Our clients gain access to more than 600 legal professionals throughout 14 offices across the country. We are among the 100 largest U.S. firms and have experience in virtually all the legal practice areas required to do business in the U.S.
SABC board member Will Turner has more than 20 years advising domestic and international companies in a wide range of industries on U.S. commercial and transactional matters. If you have questions about CFIUS risk in potential U.S. transactions, please contact Will Turner.
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The DOL Just Flipped Its Position on Paying Interns
Late last week, the DOL effectively revamped the standards for unpaid interns, reversing a rule that had been in place since 2010 and giving private, for-profit employers whiplash.
The FLSA does not define “intern.” However, “[a] person whose work serves only his own interest” is not considered to be “an employee of another person who gives him aid and instruction.” Walling v. Portland Terminal Co., 330 U.S. 148, 152 (1947). Full analysis can be found at:
http://www.btcurrentsemployment.com/the-dol-just-flipped-its-position-on-paying-interns/?platform=hootsuite
Barnes & Thornburg’s Global Services Group counsels Swiss and other European entities engaged in business in the United States in corporate, immigration, regulatory, intellectual property and other legal matters. Our clients gain access to more than 600 legal professionals throughout 13 offices across the country. We are among the 100 largest U.S. firms and have experience in virtually all the legal practice areas required to do business in the U.S.
SABC board member Will Turner has more than 20 years advising domestic and international companies in a wide range of industries on U.S. commercial and transactional matters. If you have questions about BT ValueWorks, please contact Will Turner.
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Since 1968, Mueller has provided accounting, tax, assurance, and business advisory services to closely held and publicly traded companies within a wide variety of industries. Through growth and partnerships we have evolved from a regional firm to an organization that provides services internationally. Our International Practice Group was developed in 2011 to provide strategic solutions to clients who are interested in expanding their business globally.
 Crain’s Chicago Business listed Mueller as a top 20 accounting firm in the Chicago area and Inside Public Accounting has listed us as one of the top 200 largest accounting firms in the U.S. We also have earned the distinction of one of the “Best Places to Work in Illinois” 2011 -- 2018.
 In 2017, we joined PKF International under the PKF Mueller name. We offer a wide variety of international tax services, attestation, and business consulting to both corporate and individual clients.
As members of PKF International, PKF Mueller has access to over 400 offices, operating in 150 countries across five regions. Our shared network allows us to offer every accounting and advisory service a company could need throughout its lifetime.
As part of our ongoing outreach to the international community here in Chicago, we are proud to join the Swiss American Business Council. As new members we look forward to supporting the Council and deepening our relationships with the membership and community at large.
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 LNS Doesn’t Make Machine Tools.
We Just Make Them More Productive.
That headline pretty well sums up our role in the world of manufacturing: We design, build and support a wide variety of machine-tool peripherals that help optimize machine tool performance. We also provide applications expertise and, thanks to our close ties with every major OEM, make certain that your LNS products work seamlessly with virtually all CNC machines.
We’ve focused on becoming the “One-Stop-Shop” for machine-tool peripherals for more than a decade because we recognize that our customers are taking a more strategic view when addressing manufacturing issues. At one time, the solution for improving productivity was often to simply replace older machine tools with newer models that promised faster speeds and speed rates. Today, in addition to adding high performing machine tools and machining centers, our customers consider the overall manufacturing process including:
- Loading bar stock
- Unloading machined parts
- Applying high pressure coolant precisely as needed
- Managing a variety of chip types and materials to prevent bottlenecks
- Extending coolant life
- Supporting work pieces and bar stock to reduce vibrations and allow the machine tool to operate at peak efficiency
- Enabling Ethernet communications between the machine tool and peripherals to reduce material waste and prevent production interruptions
- Improving worker health, safety and productivity by eliminating harmful oil mist, airborne oil and debris and more
That’s why LNS provides the industry’s broadest and most advanced assortment of bar feeders, chip conveyors, mist collectors, and workholding systems, supported by unmatched applications assistance, customer support and technical service worldwide from more than 800 dedicated employees. LNS is truly your one-stop-shop for machine tool peripherals.
To learn more visit: www.LNS-america.com
P: 513-528-5674
E: sales@LNSamerica.com
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 Checklist When a Relative Dies
Provided by:Allen Carter, Executive Director – Wealth Management UBS Financial Services
When your loved one dies, the details that need to be taken care of may be particularly overwhelming. This checklist is a reminder of some details that may need to be attended to, both at the time of death and afterward.
Immediately:
- Arrange for a funeral or memorial service
- Veterans and their dependents can be buried in a national cemetery for free
- Submit an obituary to the decedent's local papers
- Keep a list of everyone who sends donations, flowers/cards so acknowledgements can be sent
- Secure the decedent's tangible property
After the funeral:
- Notify the decedent's attorney
- Locate will and who has been appointed executor
- Gather copies of death certificate, birth certificate, financial statements, SSN
- Close any credit cards and checking accounts
- Change registration titling on financial accounts/property owned by the deceased
This material should be used as helpful tips only. Each situation is different and you should consult a financial advisor before making any decisions.
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EROWA Technology, based in Arlington Heights, IL., is a full service supplier of palletization and automation systems for the North American manufacturing market. Our goal is to provide complete turnkey solutions for precision parts handling through most any group of manufacturing processes (from one type of machine to the next). We are capable of providing a simple manual palletization system or a fully integrated, custom designed workholding and automation system to meet the current needs and expectations of our customers.
In the market segments of precision mechanics, tool- and mold-making, as well as chip-cutting production, we offer concepts and products that provide customers with considerable optimization possibilities throughout the whole range of machining processes. Primarily, we achieve this through comprehensive knowledge of the application of our products, through individual and customized consultation, and through the use of our Flexible Manufacturing Concept (FMC), which cover the following four areas:
- Standardization (tooling system, tooling technology)
- Organization (setting-up, presetting and measuring technologies)
- Automation (loading/unloading technologies)
- Integration (process sequence, process control and planning technologies)
EROWA Technology, Inc.
2535 S. Clearbrook Dr.
Arlington Heights, IL 60005
www.erowa.com
info.usa@erowa.com
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