Industry News

Royal Products announced Jan. 7 that it had received a recent investment from growth-oriented investor Heartwood Partners in partnership with the management who will continue to lead the company. This financial backing will position Royal for continued expansion and market leadership.

The metal cutting tools market was valued at $80.87 billion in 2023, and is expected to reach $113.04 billion by 2030, exhibiting a CAGR of 4.9 % during the forecast period (2024-2030), according to a new report from the research firm of Maximize Market Research Pvt. Ltd.

One method to solve manufacturing needs is to utilize fast, close tolerance, and flexible machine tools such as the GROB G550T 5-Axis Mill/ Turn Universal Machining Center and the G150 5-Axis Universal Machining Center.

Continuum Powders, a supplier of metal powders for advanced manufacturing, held a grand opening of its new global headquarters and environmentally friendly manufacturing facility in Houston, Texas.

Wintriss Controls Group introduced its easy-to-use “Tracker” hardware solution for its ShopFloorConnect OEE and Production Tracking Software.

Thomson Industries Inc., a manufacturer of linear motion control solutions, upgraded its stepper motor linear actuator (SMLA) online selector tool, adding the ability to include encoders in the design process.

The nation’s largest cobot conference and tradeshow, Collaborate North America 2025, takes place in Novi, Michigan, January 28, 2025, and is free to attend. This one-day, in-person event brings together 500+ manufacturing professionals from across North America.

ABB Robotics named T-Robotics and Mbodi as the winners of its 2024 ABB Robotics AI Startup Challenge, "marking a significant milestone in advancing artificial intelligence solutions for industrial robotics."

BlackHawk Industrial, a distributor of metalworking and other mission-critical industrial products, has appointed Anthony DeSalvo as General Manager of the Great Lakes Region.

INDEX Corporation announced that this April, Cris Taylor will be retiring from a long career in the manufacturing industry and Michael Huggett will step into the role of President & CEO.

Royal Products today announced a recent investment from growth-oriented investor Heartwood Partners in partnership with the management who will continue to lead the company. This financial backing will position Royal for continued expansion and market leadership.

Hypertherm Associates and BLM GROUP have entered into a strategic partnership agreement aimed at expanding the market reach of their respective solutions.

Zebra Technologies, a digital solutions provider that helps businesses connect data and assets, said it intends to acquire Photoneo, a developer and manufacturer of 3D machine vision solutions.

Sandvik has acquired the assets of FASTech, a U.S.-based reseller of Computer Aided Manufacturing (CAM) solutions in the Mastercam network.

Walter USA recently announced its new Walter Americas Campus in Greer, South Carolina, which became operational as of Jan. 1, 2025. The facility is equipped with state-of-the-art machinery, testing labs, and collaborative workspaces designed to meet the diverse needs of our customers and partners.

Mazak has opened a new Customer Solutions Center in Florence, Kentucky, which the company says specializes in developing production-ready, custom automation solutions that allow manufacturers to overcome existing labor issues while increasing production output.

Raytheon, an RTX business, and Ursa Major's long-range solid rocket motor completed a successful missile flight test for the U.S. Army.

As HWR Workholding USA enters its third year of business in the US, the company announced that it had moved to a larger facility.

Renishaw plc Co-founder David McMurtry has died at age 84. The Gloucestershire, U.K.-based company he began with the invention of a touch probe in 1973 now has more than 1,800 patents and some 5,000 employees across 36 countries. McMurtry invented or co-invented more than 150 of the engineering firm’s products.

Southfield, Michigan-based thyssenkrupp Materials NA has acquired Cobotix Manufacturing Inc., a precision metal fabricator that specializes in working with copper and aluminum.