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Caterpillar Profit Slips Due to Pandemic

Caterpillar Inc., the Deerfield, Illinois-based maker of heavy equipment, today reported lower quarterly and full-year profit after sales were hit by the COVID-19 pandemic.

Formlabs Expands Additive Manufacturing Reach with Fuse 1 SLS Printer

Formlabs, known for its line of desktop stereolithography (SLA) printers, is looking to expand its 3D printing reach with availability of its new Fuse 1 benchtop industrial selective laser sintering (SLS) 3D printer. Under development for nearly seven years, the Fuse 1 marks a notable change for Formlabs as they expand into a new additive manufacturing process.

Manufacturing Forecast to Expand in 2021

Manufacturing should expand this year as the sector continues to recover from the COVID-19 pandemic, the Institute for Supply Management said today in a forecast.

Desktop Metal to Acquire EnvisionTEC

Desktop Metal, Inc. said it agreed to acquire EnvisionTEC, a provider of volume production photopolymer 3D printing solutions for end-use parts, for total consideration of $300 million.

Honda Adopts Virtual Training

Honda Motor Co. this week began production of the 2022 Acura MDX. The company is using virtual reality, in combination with traditional training, to get output up to speed.