General Carbide Acquires Automotive Tooling Supplier, Only Tool January 23, 2018 General Carbide Corp. (Greensburg, PA) has purchased automotive tooling supplier Only Tool (Ypsilanti, MI). Only Tool has developed its expertise in cold-form tool manufacturing under the leadership of co-owners Ray Fender and Mick Ruffolo, who, under terms of the agreement, will continue to operate the business.
Medical Parts Maker Ups Efficiency, Capacity of EDM Machining January 4, 2018 With each new contract and change order to increase part volume and improve delivery, Johnson Matthey Medical Components expanded capacity and capabilities in the same way—by purchasing more equipment. The San Diego, CA-based company would invest in another EDM to meet growing demand for orthopedic, endoscopic, cardiology and neurological medical devices, which is at an all-time high. The tactic was effective, but costly.
Cutting Tool Manufacturer Fills Machinist Skills Gap in its Community January 4, 2018 Rapid growth has spurred a cutting tool manufacturer to reach out to its community to grow the pool of young people available to join its workforce. You don’t have to look farther than the lobby of Midwest Industrial Grinding Inc. (MITGI) to find evidence of its commitment to workforce development for its own benefit as well as that of its Hutchinson, MN, manufacturing community.
Machine Tool Orders Post Mixed Results in November January 15, 2018 Machine tool orders posted mixed results in November, slipping a bit on a monthly basis while recording a solid gain compared with a year earlier, according to a monthly report by the Association for Manufacturing Technology (McLean, VA).
US Cutting Tool 2017 YTD Consumption up 8.0 % in October December 13, 2017 October US cutting tool consumption totaled $198.00 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 (CTMR) collaboration, was up 13.2 percent from September’s $174.92 million and up 17.2% when compared with the $169.00 million reported for October 2016. With a year-to-date total of $1.835 billion, 2017 is up 8.0% when compared with 2016.
Smarter Presetting: Using Post-Processor and RFID Technology November 30, 2017 Tool presetting machines are a wise investment for machine shops that want to increase their machine utilization. Idle machine tools are often indicators of inefficient machining operations, and stopping a machine tool for any reason is synonymous to losing profits.
Machine Tool Builders Showcase New Levels of Productivity at EMO Hannover October 4, 2017 At EMO Hannover 2017 there were many new cutting tool products showcased, plus there were new cutting tool developments for approximately 130,000 attendees to learn about.
Cutting Tool Manufacturer Ceratizit Acquires Komet Group October 16, 2017 The Ceratizit Group (Mamer, Luxembourg) acquired the Komet Group (Besigheim, Germany) on Oct. 12, 2017. The transaction is still subject to the approval of antitrust authorities.
A 3D Printing Startup Grows Up October 30, 2017 Fabrisonic, Now 6 Years Old, Moves to Develop New Processes, Materials
US Cutting Tool 2017 YTD Consumption up 7.1% in July September 14, 2017 July US cutting tool consumption totaled $170.95 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 (CTMR) collaboration, was down 8.4 percent from June’s $186.57 million but up 16.0 percent when compared with the total of $147.43 million reported for July 2016.
