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Sandvik to Acquire Chinese Round Tools Maker

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.

First Time’s the Charm

All shops want to be more productive and reduce downtime. For some, this means an investment in a high-end CNC machine tool. Others give quick-change toolholders a try, or pursue an IIoT (Industrial Internet of Things) machining strategy.

Kyocera to Build New R&D Center

Kyocera Corp. said it will begin construction of a new research and development center in January 2021 at its Kokubu campus in Kirishima City, Kagoshima, Japan.