U.S. Cutting Tool Orders Rise on Monthly Basis in February May 5, 2021 February 2021 U.S. cutting tool consumption totaled $149.5 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association for Manufacturing Technology. This total, as reported by companies participating in the Cutting Tool Market Report collaboration, was up 3.3 percent from January's $144.8 million and down 17.1 percent when compared with the $180.3 million reported for February 2020.
Manufacturing Loses Jobs in April on Auto Layoffs May 7, 2021 Manufacturing lost 18,000 jobs last month as temporary layoffs in the auto industry related to a computer chip shortage took hold, according to Bureau of Labor Statistics figures.
GM Quarterly Profit Surges May 5, 2021 General Motors Co. said today its first-quarter profit rose sharply compared with a year earlier despite having to deal with a global shortage of computer chips.
Machine Tool Orders Surge in March, AMT Says May 10, 2021 Machine tool orders surged in March -- both on a monthly and year-over-year basis -- as manufacturing’s economic expansion continued.
ZEISS to Acquire Capture 3D May 11, 2021 ZEISS said it has agreed to acquire Capture 3D. Financial terms were not disclosed.
Caterpillar Profit Improves in First Quarter April 29, 2021 Caterpillar Inc., the maker of heavy equipment, today reported an increased quarterly profit as sales improved and dealers boosted their stock of Cat machinery.
3D Systems Announces Two Acquisitions May 11, 2021 3D Systems announced plans for acquisitions of two companies.
2021: The Year of the Connected Worker March 31, 2021 In 2020, the ability for manufacturers to rapidly pivot to changing market demands and challenges became critical for success—and in many cases, survival.
Making Parts for Next-Gen Vehicles August 18, 2020 Tesla and the march to all-electric cars and trucks may get most of the press. But the reality is that most U.S. automakers need to tackle the twin challenges of building both new components unique to electric vehicles while also building internal combustion engines (ICEs) that are ever-more fuel efficient.
Intuitive Workflows Speed Product Development August 21, 2020 Manufacturing Engineering: What are some of the latest trends in simulation software for manufacturing? Uwe Schramm, CTO, solvers, optimization and multi-physics, Altair Engineering Inc., Troy, Mich.: I see three trends here. First, manufacturing sim