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Things to consider when making a hydraulic package for this transfer press. First of all safety, should have lock out and emergency interlocks for motors. You should know how fast the press has to move and how fast the transfer cylinder has to move. You should know what accuracy you're looking...

Also if there is a start button in this circuit you would want a neutral feed when not depressed. Especially in plc's near high energy fields ( air traffic radio overhead, welding nearby, etc.)

Have run into this induced voltage issue a couple of times. On the emergency stop button you are using you will need to wire a hard common (ground or neutral or opposite polarity if d.c ) on a second n.o. contact on the same switch. Best bet is a contact block with a n.o and n.c built in. One...