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Sandvik to Acquire Chinese Round Tools Maker

Sandvik has signed an agreement to acquire 67 percent of Chuzhou Yongpu Carbide Tools Co., Ltd, a China-based maker of solid round tools, with a call option to buy the remaining part in three years.

SMW Autoblok Acquires Tecnomagnete

SMW Autoblok Group, a provider of industrial workholding solutions, has acquired Tecnomagnete, the world’s leading manufacturer of permanent electromagnetic clamping and lifting systems.

Parting & Grooving: Advanced Tech Delivers Quality Parts, Results

One thing that’s certain in developing the most cost-effective solutions for part-off and grooving applications is that there is not just one way to approach the problem and meet basic process requirements for chip evacuation, tool life and surface finish.