Sandvik to Acquire Chinese Round Tools Maker August 4, 2021 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.
Fast Radius to List on NASDAQ Through Business Combination with ECP Environmental Growth Opportunities Corp. July 22, 2021 Fast Radius Inc., a cloud manufacturing and digital supply chain company, and ECP Environmental Growth Opportunities Corp. have entered into a definitive agreement that will result in Fast Radius becoming a publicly-listed company.
INDEX Corp. Adds Distributor in Virginia, Carolinas July 14, 2021 Index Corp. has partnered with Machinery Solutions, Inc. to cover sales in North Carolina, South Carolina and Virginia.
Sandvik to Acquire CAM Software Company Cambrio July 6, 2021 Sandvik AB has agreed with Battery Ventures to acquire U.S.-based Cambrio, which has a portfolio in CAD/CAM software for manufacturing industries.
Absolute Machine Tools Earns Diamond Partner Status from Mitsubishi Electric Automation June 24, 2021 Absolute Machine Tools has earned the title of Diamond Partner Systems Integrator from Mitsubishi Electric Automation Inc. The partnership is expected to expand opportunities in robotics and automation for 0020both companies.
Machine Tools for Artisans June 21, 2021 More than 70 years after the first CNC lathe, toolroom models are as useful as ever.
Felsomat USA to Host Innovation Day on June 10 June 7, 2021 Felsomat USA will host Innovation Day on June 10 at its U.S. headquarters in Schaumburg.
Checking Up on Tool Monitoring May 28, 2021 Machine shops use a variety of techniques to track the condition of their cutting tools, ranging from simple to sophisticated. No matter what monitoring method is used, it can be crucial in preventing catastrophic tool failure. At its best, monitoring also significantly boosts tool life and slashes tooling costs.
BLM GROUP Adds 10kW Capability to Sheet Lasers May 19, 2021 BLM GROUP USA has added more processing power to its LS5 and LC5 flat sheet laser cutters with the new option of a 10kW fiber laser source.
U.S. Cutting Tool Orders Rise on Monthly Basis in February May 5, 2021 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.
