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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.

U.S. Cutting Tool Orders Rise on Monthly Basis in February

February 2021 U.S. cutting tool consumption totaled $149.5 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association for Manufacturing Technology. This total, as reported by companies participating in the Cutting Tool Market Report collaboration, was up 3.3 percent from January's $144.8 million and down 17.1 percent when compared with the $180.3 million reported for February 2020.

Adapting Metal Cutting to Higher Power, Higher-Speed Lasers

Using lasers to cut metal, especially sheet metal or tubes, continues to show its value. The market is becoming dominated by the newer solid-state fiber laser over its CO2 gas rival. Fiber’s advantages in ease of operation, packaging and efficiency are clear.

MC Machinery Systems Feature New AI-Enabled EDM at Open House

Artificial intelligence (AI) , the Internet of Things (IoT), and real-time data analytics are moving metalworking technology into the next generation of equipment. These sophisticated concepts are bringing at least one traditional technology with it.

Methods Machine Tools Announces Partnership with OKK

Methods Machine Tools Inc., a supplier of precision machine tools and automation, has announced that effective October 1, 2019 it is representing OKK Corp. in North America. OKK is a builder of horizontal, vertical, and five-axis machine tools.

Lapping the Competition

The Don Schumacher Racing team tests the limits of machining to stay competitive.