Industry News

Surface finishing experts, Fintek, have in invested in a new Bruker Alicona EdgeMaster. The automatic metrology system for cutting tools is supplied and supported by Optimax Imaging Inspection & Measurement Ltd in the UK.

The Christmas season and its traditions may have faded into memory, but one traditional Christmas icon now has a metal counterpart that will last for many Christmases to come.

 In his new role, Herendeen is responsible for overseeing an expansive sales team and dealer network for MC Machinery lasers, press brakes and automation equipment in North America. He also works closely with Mitsubishi factories on research and development, pricing, ordering and more.

BASF’s North American Apprenticeship Development Program has expanded for a second consecutive year in 2023, launching at eight additional regional manufacturing sites.

Allied Machine and Engineering, a leading manufacturer of holemaking and finishing cutting tools for the metal cutting industry, celebrates 50 years of Wohlhaupter’s MultiBore, the world’s first modular boring system.

Collaboration with BMW, Decathlon, and others accelerates adoption and scale of more sustainable manufacturing.

Ryan Conroy has been promoted to laser product manager at MC Machinery Systems in Elk Grove Village, Illinois.

Lena Risse, precision toolmaker at Risse Tool Technology is a master craftsperson and precision tool mechanic. She is the first-ever winner of ANCA’s Female Machinist Award.

Seco Tools has taken a leap in its efforts to share knowledge about the many possibilities in machining by announcing a new partnership with Swemachinist, a well-known Instagram content creator.

The Energy Management System (EMS) market in 2022 was valued at $41.62 billion, and is expected to reach $132.77 billion by 2030 at a CAGR of 15.60% over the forecast period 2023-2030. 

The integration of Industry 4.0 principles, such as Internet of Things, is driving the demand for engineering polymers used in smart manufacturing equipment and sensors. The materials need to withstand harsh industrial environments.

According to a recent study on “Iron Powder Market Forecast to 2030,” the iron powder market size was valued at $1.8 billion in 2022 and is expected to reach $2,88 billion by 2030.

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. 

Howard Community College (HCC) in Columbia, Md., has launched an $11 million capital campaign in support of a new campus-based workforce development and skilled trades center. 

Siemens Digital Industries Software and Ricoh have begun a collaboration to realize the industrial aluminum Binder Jetting (BJT) solution for mass production.

Netlogistik hosted its first annual Innovation Day for the US on November 8 in Grapevine, Texas. The company invited leaders and experts from throughout the supply chain and logistics industry to provide attendees with a "transformative experience."

According to a recent research study, the demand of global 3D Motion Capture System Market size & share was valued at approximately $340 Million in 2022 and is expected to reach $373 Million in 2023 and continue to grow through the decade to reach a value of around $670 Million by 2032.

The  Monthly Leasing and Finance Index is a survey of 25 companies representing a cross-section of the $1 trillion equipment finance sector that shows, in near real-time, that the overall new business volume for September was $9.7 billion, down 5 percent year-over-year from new business volume in September 2022.

More than 22% of the engineering workforce at Newport News Shipbuilding (NNS), a division of HII, are graduates of Old Dominion University. That number could rise dramatically.

Worksport Ltd. announced that its subsidiary, Terravis Energy, Inc.. has increased R&D for its Cold Climate Residential Heat Pump, which is also a cooling product, due to expected large-scale growth in the North American and global markets.