Philips Screw Company News

Climax Portable Machine Tools, Inc., a global provider of comprehensive, on-site machining solutions, announces the election of Thomas R. Liebermann as Chairman of the Board. In addition to corporate governance, as Chairman, Mr. Liebermann will provide strategic counsel to Climax's executive management team to enable the company to capitalize on the growing number of new opportunities for the use of its portable machine tools in the power generation, shipbuilding, civil engineering and service industries. Liebermann brings over 20 years experience in leading international companies to greater growth and profitability. In addition to being Chairman of Climax, Mr.