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Manufacturing Adds 26,000 Jobs in September

U.S. manufacturing added 26,000 jobs in September, paced by fabricated metal products and machinery, according to a breakdown by industry issued today by the U.S. Bureau of Labor Statistics.

Machine Tool Orders Surge in August

Machine tool orders surged in August on both a monthly and year-over-year basis, an indicator of the industry’s recovery from COVID-19.

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.