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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.

CAR Names New CEO

The Center for Automotive Research (CAR) announced a new president and CEO, Alan Amici, following the announcement of the retirement of current CEO Carla Bailo.

Eriez Names COO

The Eriez Board of Directors appointed Jaisen Kohmuench to the newly created position of Chief Operating Officer (COO).