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.
Bosch said it is moving forward with volume production of silicon carbide chips.
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.
Automakers will need more flexible manufacturing with the shift to electric vehicles, plug-in hybrids and other powertrains, automation company ABB said today in a presentation.
New program empowers manufacturers through customer care for the life of their machines
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.
