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Shrink-fit toolholding is a simple concept—an induction coil is adjusted and fits over the top of the toolholder. The induction coil heats the toolholder end of the shrinker, expanding the inside diameter, which opens the engagement bore (IDs of shrink-fit toolholders are smaller than the shank diameter of the cutting tool).

Manufacturers are always looking for signs of what the economy and the business outlook have in store for them. Since the election of President Trump and, more recently, passage of the tax reform law in December, confidence among businesses of all sizes has been overwhelmingly positive.

It’s said you don’t know where you’re going if you don’t know where you’ve been. For Industry 4.0 and advanced manufacturing, digital libraries provide that map.

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.

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.

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.

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.

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).

Fabrisonic, Now 6 Years Old, Moves to Develop New Processes, Materials

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.