Industry News

No, this story does not begin with "once upon a time," since it is far too serious, vivid and full of unique facts for a fairy tale. The German partition created different living conditions in both parts of Germany.

Walter has reached an agreement to acquire the Melin Tool Co., a privately owned, Cleveland-based company and manufacturer of solid-carbide and HSS end mills, drills and countersinks. Melin is a growing company, supported by innovations in the solid-carbide endmill product family making the acquisition a strategic fit to increase Walter's milling business in North America.

Solar Atmospheres announces the addition of Tom Gundic to its Greenville, South Carolina, facility. Gundic has accepted the position of plant manager, bringing with him over 14 years of vacuum heat treating and brazing experience, with significant time spent leading teams in the highly demanding environment of Nadcap and AS9100 quality systems.

Worthington, Ohio-based Hyperion Materials & Technologies, a global leader in developing hard and superhard materials for a wide range of demanding applications, on Jan. 1 completed the acquisition of AFC Hartmetall, a premium cemented carbide tool blank manufacturer, marking the close of the complementary agreement announced in September.

North American Tool Corp., South Beloit, Illinois, has announced the appointment of Steve Mayse as director of manufacturing.

Manufacturers are looking to lower costs and increase speed without sacrificing quality. This means getting more done in less time with less manpower, less scrap and fewer mistakes. To do this, the manufacturing industry is investing more in automation.

The manufacturing industry got a huge boost from President Donald Trump's election, seeing a groundswell of job gains during his first year in office. But the trade war with China has undone that progress. Jobs in the sector have stalled out and turned negative in 2019.

U.S. companies aren't likely to pack up manufacturing operations in China and move back home amid the trade war. That's because supply chains are "very difficult to put together and equally difficult to disentangle," said Stephen Roach, senior fellow at Yale University.

Smart manufacturing, or Industry 4.0, is transforming manufacturing back into an economic powerhouse. Industry 4.0 helps companies digitally transform manufacturing operations to provide new capabilities, reduce costs, empower teams, improve decision-making and create better ways of doing business.

Factory work used to be dirty, dangerous and bleak. Technology has changed that, creating a manufacturing sector that looks radically different.

New robots will be able to generate savings in manufacturing and plug short-term gaps while helping create future jobs.

Private equity firms are snapping up manufacturing companies at a quick pace, setting off a merger and acquisition gold rush while leaving multicloud manufacturing systems unprotected in a zero-trust world.