Industry News

News • April 25, 2018 • Alan Richter

Exhibiting at IMTS 2018?

If you're an exhibitor planning to showcase a product or service at IMTS 2018, please click here to send a press release and image of the product or service to Cutting Tool Engineering Editor Alan Richter.

News • April 16, 2018

Cash is king—why you should keep yours

There are many advantages to financing your equipment purchases instead of paying cash. Stearns Bank vice president of business development, Michelle Fuchs, has helped many businesses reap the benefits of commercial equipment financing. They've learned that financing, rather than cash, is the best approach for the long-term health of their business.

News • April 11, 2018

Manufacturers added 22,000 workers in March

The Bureau of Labor Statistics reported that manufacturers added 22,000 workers in March, extending the 32,000 gain in employment in February. It was the sixth consecutive month with robust hiring growth in the sector, averaging 27,167 per month over that time frame.

News • April 10, 2018

LMT Onsrud LP hires sales and applications specialists

LMT Onsrud LP, Waukegan, Ill., hired Roger Piekarski as sales and applications specialist for North and South Dakota, Iowa, Nebraska, Minnesota and Manitoba in Canada.

News • April 9, 2018

This company once made 47 percent of engine lathes in US

John and Miles O'Brien are two of a few South Bend, Ind., business founders whose product is still being manufactured in the United States. John and Miles, born in Ireland in 1868, were identical twins whose family immigrated to the U.S., settling in Connecticut in the 1870s. At the age of 35, they went into business for themselves in a one-room building at the corner of West Washington and Johnson streets in South Bend. They began manufacturing lathes, at the time the most vital machine for any industry using metal or steel parts.

News • April 5, 2018

Infographic: The facts about manufacturing

There's a very old parable, thought to have originated in the Indian subcontinent, of six blind (or blind-folded) men asked to describe an elephant. They reach different conclusions depending upon which part of the elephant they touch: side – it's like a wall; leg – it's like a tree; trunk – it's like a snake; tusk – it's like a spear; ear – it's like a fan; and tail – it's like a rope.n

News • April 4, 2018

Haas Automation Inc. celebrates 30th anniversary of product

This year marks the 30th anniversary of Haas Automation Inc.'s first vertical machining center, the VF-1.

News • April 4, 2018

Chemetall opens laboratory

The surface treatment global business unit of Ludwigshafen, Germany-based BASF SE's coatings division, operating under the Chemetall brand, opened a laboratory at its 38,700-sq.-ft. manufacturing and office facility in Querétaro, Mexico.

News • April 4, 2018

Liftomatic Material Handling Inc. announces Asian headquarters

Liftomatic Material Handling Inc., Buffalo Grove, Ill., a material-handling equipment manufacturer, announced the opening of Asian headquarters in the near future.

News • April 4, 2018

Vollmer of America Corp. hires Andrew Allwood

A rotary tooling development manager started March 19 and operates out of the office in Pittsburgh.

News • April 4, 2018

Tap Associates Inc. partners with MachiningCloud Inc.

Tap Associates Inc. is now available on MachiningCloud Inc.

News • April 4, 2018

OSG USA Inc. distributes Somta Tools (Pty) Ltd. tools

OSG USA Inc. now distributes Somta Tools (Pty) Ltd. tools in the United States.