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Methods Machine Tools to Acquire Koch Machine Tool

Methods Machine Tools has signed an agreement with an intent to acquire Koch Machine Tool, a machine tool dealer and Methods’ avenue into the Texas machining market since 2010. Methods anticipates a definitive agreement by January 1, 2022.

Machine Tool Orders Surge in August

Machine tool orders surged in August on both a monthly and year-over-year basis, an indicator of the industry’s recovery from COVID-19.

Manufacturing Adds 26,000 Jobs in September

U.S. manufacturing added 26,000 jobs in September, paced by fabricated metal products and machinery, according to a breakdown by industry issued today by the U.S. Bureau of Labor Statistics.