Industry News

After a hiatus as a result of the pandemic, Florence, Kentucky-headquartered Mazak Corp. hosted the Discover More With Mazak Midwest Technology and Education Event May 6-8 at the machine tool builder's Midwest Technology Center in Schaumburg, Illinois.

After a hiatus since 2019, BIG Daishowa Inc. in Hoffman Estates, Illinois, held its annual Breakfast & Learn event on April 30 and May 1. After serving guests a breakfast that included fresh fruit, scrambled eggs with toppings, French toast, Danishes, sausage, crisp Virginia bacon, and coffee, President and COO Jack Burley gave a presentation on "Why you need high-value tooling for high-value machines."

The board of directors of Transor Filter USA and board chairman emeritus, Irv Kaage, has appointed Johan Svensson as president.

Transforming quality inspection with high-speed, connected measurement workflows, Hexagon's Manufacturing Intelligence division has launched the Maestro, an all-new, next-generation coordinate measuring machine (CMM) engineered from the ground up to meet the rising productivity demands of modern manufacturing.

Cosen is a global leader in band saw manufacturing with an expansive product line and a sales and service network covering all North America. The company is showcasing some of their top saw models and newest cutting solutions at this year's EASTEC show in Springfield, Massachusetts.

Lyndex-Nikken, manufacturer and provider of high-performance machine tool accessories and machine tending solutions, expanded its sales team to "better serve the evolving needs of industry in the United States."

BLM Group USA promoted Gunar Gossard to vice president of sales. In his new position, Gossard will be responsible for the company's global sales strategy success, identifying new sales opportunities and improving the competitive position of BLM GROUP.

Open Mind Technologies has released a range of enhanced features and innovative technology in its hyperMILL 2025 CAD/CAM Software Suite.

For manufacturers, pressure is constantly increasing to make sure the first tool is a good tool to avoid rework. Scrap must be avoided at all costs, because it is a major cost driver. This applies to both the production of new tools and to regrinding.

The high-speed steel-cutting tool market size has grown strongly in recent years. It will grow from $9.07 billion in 2024 to $9.52 billion in 2025 at a compound annual growth rate (CAGR) of 5.0%.

Shipments of cutting tools, measured by the Cutting Tool Market Report compiled in a collaboration between AMT – The Association For Manufacturing Technology and the U.S. Cutting Tool Institute (USCTI), totaled $198.6 million in February 2025.

Lyndex-Nikken, manufacturer and provider of high-performance machine tool accessories and machine tending solutions, expanded its sales team to "better serve the evolving needs of industry in Canada and Mexico."