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New replaceable drill tip saves tooling costs and eliminates process steps

In March 2020, the World Health Organization officially declared the novel coronavirus outbreak a pandemic. Manufacturers are dealing with the fact that the virus has exposed the fact that many domestic brands rely significantly upon China for fulfilling some, part, or nearly all, of their supply chain.

Hockley Pattern & Tool, Halesowen, England, is an example of a company dedicated to the art and science of making perfect tooling.

Peter Drucker, known as the father of modern management, was quoted in a 2006 article in Forbes as saying, “Because the purpose of business is to create a customer, the business enterprise has two—and only two—basic functions: marketing and innovation. Marketing and innovation produce results; all the rest are costs.”

It is fair to say that IMTS, virtual or otherwise, presents the ultimate manufacturing tool box, where shops can find the newest, most innovative and proven devices for holding, moving, cutting, bending and inspecting workpieces.

BIG Kaiser Precision Tooling Inc., Hoffman Estates, Illinois, a manufacturer of premium high-precision tooling systems and solutions for the metalworking industries, is celebrating its 30th anniversary.

The National Center for Defense Manufacturing and Machining (NCDMM) announced on August 13 the restructuring of its organizational operations to include a new holding company and a subsidiary/sister company to support its long-term growth strategy within the global advanced manufacturing industry.

Going into this year, economic improvement was forecast for manufacturing after a sluggish second half of 2019. Things weren’t expected to boom, but a solid economic year was supposed to be in the offing.

ROKiT MADE, is building what it calls the largest e-bike manufacturing facility in the United States. ROKiT MADE’s campus, called the “ORB,” is slated to open in 2021. ROKiT MADE has committed the necessary funds to building the infrastructure and ORB campus and plans to merge with a SPAC.

Caterpillar Inc., the maker of heavy construction and mining equipment, today reported a sharply lower third-quarter profit as demand for the company’s products dropped.