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Fast Radius Inc., a cloud manufacturing and digital supply chain company, and ECP Environmental Growth Opportunities Corp. have entered into a definitive agreement that will result in Fast Radius becoming a publicly-listed company.

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.

Zekelman Industries had a goal to deliver steel-framed, volumetric modular building units up to 50 percent faster, without cost overruns, built to 1/16” (1.59-mm) tolerance.

To assist manufacturers on their Industry 4.0 journey, global engineering technologies company Renishaw has partnered with the Connecticut Center for Advanced Technology. Renishaw provided the center with industrial metrology and additive manufacturing equipment to help companies adopt new manufacturing strategies and accelerate implementation of new digital technologies.

Sandvik will acquire DWFritz Automation, a U.S.-based provider of precision metrology, inspection and assembly solutions for advanced manufacturing. DWFritz designs, builds and supports high-speed, non-contact metrology solutions and automation systems.

An online “It’s Tool Time” event, eight months after Ceratizit’s first Tool Time show, focused on how manufacturers merge the use of Ceratizit cutting tools–from a portfolio of 65,000 products–with new technologies such as additive manufacturing.

April 2021 U.S. cutting tool consumption totaled $170 million. This total was down 4.3 percent from March's $177.6 million but up 26.3 percent when compared with the $134.6 million reported for April 2020.

CERATIZIT Group will host a global online event, “It’s Tool Time,” on Thursday, June 17 featuring experts who will focus on the value of process optimization through a variety of interactive machining demonstrations and presentations.

Recycling equipment manufacturer Harris Equipment Co., Cordele, Ga., saved 50 percent per job tapping Hardox 450 steel wear plates by switching to taps from Emuge Corp., West Boylston, Mass.

The addition of a new machine can be exciting for a metalworking business. It signals progress and growth while giving the team something new and exciting to work and experiment with.