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February 2020 U.S. cutting tool consumption totaled $188.2 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology.

There’s more than one way to finish a hole. The most effective option will depend on the number of parts, cycle time and tolerances. One of the most effective options is boring.

Many job shops hold onto traditional, inexpensive tooling systems. ER collets and Weldon flats are tried and true; they work and are proven. At the same time, newer, advanced machining technology, such as multi-axis machines, may perform better when newer, advanced (and more expensive) toolholders are deployed.

Unlike its name, the use of shrink-fit tooling is expanding. A shrink-fit toolholder starts with a slightly undersize bore that is heated to enlarge the inner diameter enough to accept a cutting tool and then grip the cutter as it cools and contracts.

Companies most likely to succeed in capitalizing on those opportunities will excel in digital transformation, among other things, according to the April 9 webinar “Market Impact of COVID-19: How to Respond, Reset, and Rebound,” by Aroop Zutshi and Mark Simoncelli of Frost & Sullivan Industry and Strategy Experts.

When weighing the choice of replaceable-tip mills and drills or solid-carbide tools, consider this succinct statement from one industry expert: carbide equals cost.

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.

Manufacturing employment rebounded in February, with motor vehicles and parts leading the way with a gain of 6,800 jobs. Manufacturing added 15,000 overall.

Machine tool orders fell sharply in January while the new coronavirus may delay the industry’s comeback, AMT – The Association for Manufacturing Technology, said today in a monthly report.

The outbreak of the coronavirus in China is causing longer lead times and will reduce revenue for companies, according to respondents in a special Institute for Supply Management survey.