MAG expects near record sales

Machine tool builder MAG, whose North American operations are based in Erlanger, said it expects near record sales this year with year-end orders of nearly $1.6 billion for its combined American and European businesses.  MAG IAS employs several hundred workers in Northern Kentucky. It reported increases in bookings and sales year to date of 60 percent and 20 percent respectively, and is forecasting full year bookings over $620 million. The company said it will enter 2012 with a backlog of $450 million in orders.  Read the full story here.