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Walter has reached an agreement to acquire the Melin Tool Co., a privately-owned, Cleveland-based company and manufacturer of solid-carbide and HSS end mills, drills and countersinks.

Sales figures don’t lie: indexable cutting tools—featuring removable cutting tips called inserts—are a smash hit with machine shops.

Many job shops hold onto traditional, inexpensive tooling systems. ER collets and Weldon flats are tried and true; they work and are proven. At the same time, newer, advanced machining technology, such as multi-axis machines, may perform better when newer, advanced (and more expensive) toolholders are deployed.

Companies most likely to succeed in capitalizing on those opportunities will excel in digital transformation, among other things, according to the April 9 webinar “Market Impact of COVID-19: How to Respond, Reset, and Rebound,” by Aroop Zutshi and Mark Simoncelli of Frost & Sullivan Industry and Strategy Experts.

There’s more than one way to finish a hole. The most effective option will depend on the number of parts, cycle time and tolerances. One of the most effective options is boring.

While the initial investment for a modular quick-change tooling system is higher than that of traditional toolholders, significantly improving the connection between spindles and tooling is well worth it.

February 2020 U.S. cutting tool consumption totaled $188.2 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology.

According to a survey, companies are investing more in quality as a strategic business growth initiative that brings a significant return on investment.

GWS Tool Group has acquired Intrepid Tool Industries. Intrepid is the first add-on acquisition in 2020 for GWS.

Machine tool orders fell sharply in January while the new coronavirus may delay the industry’s comeback, AMT – The Association for Manufacturing Technology, said today in a monthly report.