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LIFT, Puerto Rico Sign Agreement

LIFT, the Governor of Puerto Rico and the Department of Economic Development and Commerce of Puerto Rico (DEDC) said they have signed an agreement to launch an institute facility satellite operation.

Cutting Tool Orders Rise in June

June 2022 U.S. cutting tool consumption totaled $175.9 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 0.3% from May’s $175.4 million and up 2.2% when compared with the $172.1 million reported for June 2021.