Management

Olympic Steel acquires Metal Works

Olympic Steel Inc., a national metals service center, has acquired Metal Works. The all-cash purchase is expected to be immediately accretive. Terms were not disclosed.

Kennametal names president of metal cutting segment

Kennametal Inc. has named David Bersaglini vice president of Kennametal Inc. and president of the Metal Cutting segment.

Sandvik Coromant IMTS 2024 Booth Visit

David Goulbourne, responsible for Sandvik Coromant's solid round tools business unit, uses an interactive touchscreen presentation to introduce manufacturing wellness concepts aimed at optimizing production processes. The presentation addresses identifying bottlenecks, adopting new technology, committing to sustainability, reducing waste, improving data utilization, forming partnerships to ensure quality machining, and bolstering training with artificial intelligence. Automation also is highlighted as a strategy for higher output, providing a comprehensive view of optimizing production.

Seco names Vice President Brand, Marketing and Communication

Hanna Lye has been appointed Vice President Brand, Marketing and Communication at Seco. She will report to Stefan Steenstrup, President Seco, and become a member of the Seco Management Group.

HII awarded $209 million weapon system contract

HII, the McClean, Va.-based weapons developer, announced that its MissionTechnologies division was awarded a $209 million contract to support the development and sustainment of the U.S. Air Force’s (USAF) fighter and bomber weapons systems and subsystems.

Mitsui Seiki USA names director of sales west

Joseph Farkas has been named director of sales west at Mitsui Seiki USA, a manufacturer of high precision CNC machine tools. He brings 30-plus years of sales and business management experience in the manufacturing sector to the Mitsui Seiki organization.

Financing Matters

08/20/2024

Author:

Kenneth Spaeth

Cutting Tool Engineering launches 'Financing Matters,' a new column focusing on how financial decisions impact manufacturing businesses.

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Be positioned for flexible funding

09/04/2024

Author:

Brian Geen

Navigate economic uncertainty and seize growth opportunities with strategic financial planning.

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Mitsui Seiki USA names director of sales East

Terry Ritterbush has been appointed director of sales eAST at Mitsui Seiki USA. He has served in varying service support and sales capacities at the company for 20 years, all which bring a notable technical depth to his new role.

Travers Tool celebrates a 'century of excellence'

Travers Tool Company, which has corporate headquarters in Flushing, New York, and distribution centers in South Carolina and California, is celebrating its 100-year anniversary this year.

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