Industry News

Shipments of cutting tools, measured by the Cutting Tool Market Report compiled in a collaboration between AMT – The Association For Manufacturing Technology and the U.S. Cutting Tool Institute (USCTI), were $214.4 million in May 2024.

Electrical Discharge Machining (EDM) was invented 70 years ago. AGIE and Charmilles were the pioneers of this technology at the time and are still world market leaders today under the umbrella of GF Machining Solutions, constantly pushing the boundaries of what is possible. 

Sandvik Coromant is expanding operations in Oconee County, South Carolina. The $29.4 million investment will improve the company’s Westminster production facility.

Shipments of cutting tools, measured by the Cutting Tool Market Report compiled in a collaboration between AMT – The Association For Manufacturing Technology and the U.S. Cutting Tool Institute (USCTI), reached $214.7 million in April 2024.

National Manufacturing Co., a Piscataway, New Jersey-based provider of specialty deep and shallow drawn stamping, was acquired by Chicago-based CORE Industrial Partners, according to a Tuesday announcement from the company.

Explore integrated solutions that make manufacturing more efficient at Zoller Inc.'s 2024 Open House and Technology Days.

Big Daishowa has made several personnel changes to support the company’s strategic initiatives. 

March 2024 U.S. cutting tool consumption totaled $212.4 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology.

Unisig will showcase its comprehensive portfolio of deep hole drilling solutions in booth 339159 at IMTS 2024, Sept. 9 – 14, in Chicago.

HGG Profiling Equipment BV has named Mark Eastin as the area sales manager in the Western US, Western Canada, Alaska, and Hawaii regions.  

MSC Industrial Supply Co., a distributor of metalworking and maintenance, repair and operations (MRO) products, has completed the acquisition of intellectual property (IP) assets from Schmitz Manufacturing Research & Technology LLC (SMRT) related to its technology solutions for the U.S. manufacturing industry. 

The stock of operational robots around the globe hit a new record of about 3.9 million units. This demand is driven by technological innovations.

November 2023 U.S. cutting tool consumption totaled $202.7 million. This total was down 4.9% from October’s $213 million and up 4.4% when compared with the $194.1 million reported for November 2022.

Ceratizit has named  Anja Taylor as the company’s new Channel Manager to work directly with distributors throughout the United States. 

Metal 3D printing enables space companies to manufacture key components on an industrial scale

Lyndex-Nikken, manufacturer and provider of high-performance machine tool accessories, has expanded its sales team to "better serve the evolving needs of industry in the U.S."

CGTech, the Irvine, California-based developer of VERICUT CNC machine simulation software, celebrated 35 years of growth and innovation in CNC simulation and optimization in 2023.

October 2023 U.S. cutting tool consumption totaled $219.2 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology.

A recent market study shows that the predictive maintenance market is expected to grow from $5.3 billion in 2021 to $26.5 billion by 2028. The market is anticipated to grow at a CAGR of 27.4% from 2022 to 2028. 

New Vision Industries, the precision machining division of The Producto Group, has earned the AS9100D certification, a renowned aerospace standard.