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In competitiveness studies for economic development projects, a strong workforce is always one of the leading factors for a project win. A talented workforce is also necessary when a company is evaluating expansion opportunities.

Now on its third generation of family ownership, Tapmatic Corp. of Post Falls, Idaho, continues to thrive, and surprise.

While FABTECH 2020 was cancelled due to the COVID-19 pandemic, plans are underway to bring FABTECH 2021 to Chicago in 2021. That means North America’s largest metal forming, fabricating, welding and finishing event will be heading to McCormick Place Sept. 13-16, 2021.

The producers of FABTECH have launched a three-part webinar series that includes an expert line-up of visionary speakers sharing insights and predictions for the economic future covering the impact of the current state of affairs; pre and post-election insights and predictions for the future.

IPG Photonics Corp. has launched LightWELD, a new handheld laser welding system. The LightWELD product line enables fabricators to benefit from the greater flexibility, precision and ease of use enabled by laser-based solutions over traditional welding products, according to IPG Photonics.

The Industry 4.0 & Smart Manufacturing Adoption Report by IoT Analytics suggests that Industry 4.0 technology uptake is still low among manufacturers.

The new i-ONE system of exchangeable micrograin carbide drill inserts and premium tool steel holders with coolant channels is based on coating advances and optimized designs for higher tool life and changeover speed, according to tool manufacturer YG-1.

GWS Tool Group has acquired Taurus Tool & Engineering. Taurus, based in Batavia, Illinois. It is the first acquisition in 2021 for GWS Tool Group, following three previous acquisitions in 2020.

For today’s industrial cutting tool manufacturers there is a continuous and increasing demand for faster cycle times, better asset utilization, tighter tolerances and improved quality. Running a successful manufacturing facility takes more than acquiring the latest state- of-the-art equipment and the most advanced grinding technology.

Industry 4.0 is often referred to as smart manufacturing, where technology enables interconnectivity for machines and manufacturing software and systems. It also provides “Big Data,” increased visibility and remote access to manufacturing assets.