Sandvik has signed an agreement to acquire 67 percent of Chuzhou Yongpu Carbide Tools Co., Ltd, a China-based maker of solid round tools, with a call option to buy the remaining part in three years.
Because its president saw opportunities to improve efficiency and an immediate need to make up for capacity lost due to impending worker retirements, Daiwa Steel Tube is set to save more than $1 million a year.
Tide Rock Holdings, a San Diego-based holding company, recently acquired Plastic Molding Technology, a full-service precision injection molding company located in El Paso, Texas.
Manufacturing added 26,000 jobs in December with durable goods sectors doing the heavy lifting.
Metal diffusion bonding is an essential joining method for achieving a high-purity interface when two similar metals require superior structural integrity. The process involves applying high temperature, and pressure to metals mated together in a hot press causes the atoms on solid metallic surfaces to intersperse and bond.
Power management company Eaton announced a $4.9 million award from the U.S. Department of Energy (DOE) to reduce the cost and complexity of deploying direct-current (DC) fast electric vehicle charging infrastructure (EVCI).
Bosch said it is moving forward with volume production of silicon carbide chips.
Key steps are virtual twins and real relationships.
Sandvik Coromant’s Package Selector Application analyzes a 3D CAD model of a product and recommends the smallest packaging possible using an AI algorithm that calculates the product’s rotation.
While fossil fuels dominate the energy market, expect a new mix of parts as renewable energy and EVs grow in market share.