Industry News

News • January 31, 2025

Canerector acquires Promac Industries

Canerector has acquired Promac Industries Inc., a move that the company says strengthens its machining capabilities, particularly in the energy services sector.

News • January 29, 2025

Star SU names Richard Rickert as round tool product manager

Star SU, the marketing, sales and service affiliate of Star Cutter Company, has announced the appointment of Richard Rickert as its round tool product manager.

News • January 28, 2025

November manufacturing technology orders climb, setting up strong end to 2024

Orders of manufacturing technology, measured by the U.S. Manufacturing Technology Orders (USMTO) report published by AMT – The Association For Manufacturing Technology, totaled $448.8 million in November 2024.

News • January 27, 2025

Industry group conducting survey examining factors related to reshoring factories, supply chains

The Reshoring Initiative, in collaboration with Regions Recruiting, today announced the launch of an industry-wide survey examining what is factoring into manufacturers' decisions on whether to reshore factories and supply chains, according to a news release issued by both parties. This research comes at a critical time as the U.S. rebuilds its hollowed-out manufacturing base.

News • January 27, 2025

Seco integrates Life Cycle Assessment in effort to meet sustainability goals

Seco is taking steps toward a sustainable future, leveraging Life Cycle Assessments (LCA) to meet ambitious sustainability goals as well as supporting customers in making environmentally conscious decisions.

News • January 24, 2025

Methods Machine Tools, Multiaxis LLC partner on AI-driven manufacturing

Methods Machine Tools Inc. and Multiaxis LLC have announced an exclusive collaboration to bring Multiaxis Intelligence to market, an AI assistant designed to "streamline operations and revolutionize how manufacturers interact with technology in their daily workflows."

News • January 23, 2025

OPEN MIND highlights additive manufacturing capability at AM-user group expo

OPEN MIND Technologies, a developer of CAD/CAM software solutions, plans to demonstrate an additive manufacturing capability option in its hyperMILL CAD/CAM Software Suite at the Additive Manufacturing Users Group (AMUG) Exhibition.

News • January 22, 2025

HEH Group partners with Agile Robotics Systems

The HEH Group announced via Facebook that it had partenered with Agile Robotic Systems to distribute its robotic solutions to customers in the Ohio, North Carolina, South Carolina, and Virginia.

News • January 21, 2025

Hexagon acquires 3D Systems’ Geomagic software suite

Hexagon has acquired the 3D Systems' Geomagic suite of interoperable software packages, which are used to create high-quality 3D models from multiple sources, including laser scanning.

News • January 20, 2025

WiMEF and SME Team Up for Virtual Career Fair

February 6 Event Offers Manufacturing Employers an Opportunity to Connect with Skilled Job Seekers

News • January 20, 2025

Royal Products accelerates expansion with new financial backing

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.

News • January 17, 2025

Metal cutting tools market forecasted to reach $113.04 billion by 2030

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.