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.
Because its president saw opportunities to improve efficiency and an immediate need to make up for capacity lost due to impending worker retirements, Daiwa Steel Tube is set to save more than $1 million a year.
The emergence of third-generation advanced high-strength steel, known as 3rd Gen AHSS, may have an impact on automotive manufacturing a trade group said.
Key steps are virtual twins and real relationships.
While fossil fuels dominate the energy market, expect a new mix of parts as renewable energy and EVs grow in market share.
Case Study: Cobots help better serve customers and improve environment for workforce
IIoT solutions empower manufacturers with real-time insights to solve problems
ABB Robotics expands manufacturing and training capabilities at Auburn Hills, Mich., facility.
Resources and guidance to achieve Industry 4.0 success
Protect, prepare for potential disruptions
