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General Motors Co.’s quarterly profit plunged as the novel coronavirus (COVID-19) pared demand and caused the automaker to close factories.

Live tooling, as the name implies, is driven by the CNC and the turrets of various spindle and powered sub-spindle configurations on CNC lathes.

Sales figures don’t lie: indexable cutting tools—featuring removable cutting tips called inserts—are a smash hit with machine shops.

The National Association of Manufacturers said a survey shows that while optimism has dipped, manufacturers are staying open or have only temporarily closed operations because of COVID-19.

According to a survey, companies are investing more in quality as a strategic business growth initiative that brings a significant return on investment.

While the initial investment for a modular quick-change tooling system is higher than that of traditional toolholders, significantly improving the connection between spindles and tooling is well worth it.

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.