Industry News

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."

Sunnen Products Company, a global leader in high-precision bore finishing, will exhibit its cutting-edge manufacturing solutions at EASTEC 2025, the premier event for manufacturing technology on the East Coast.

DN Solutions successfully hosted DIMF 2025 (DN Solutions International Machine Tool Fair) from April 2 to 5 in Busan and Changwonc, in South Korea. At the event, the company unveiled its new DLX series of metal 3D printers.

Sandvik has appointed Johanna Kreft as executive vice president and general counsel, effective October 13, 2025.

To share its 2024 sales results, 2025 expectations, and new product offerings with international trade media, Fritz Studer AG held its annual press conference on March 27. The event was streamed from the company's in-house studio at its headquarters in Steffisburg, Switzerland.

When it comes to weddings, pearls and sweet pea lilies are traditionally exchanged to celebrate a 30th anniversary. At the 30th milestone edition of the Taipei International Machine Tool Show (TIMTOS), however, it was machining equipment and orchids that took center stage. The event was held March 3–8 at the Taipei Nangang Exhibition Center Halls 1 and 2 and the Taipei World Trade Center Hall 1 in Taiwan.

Acquisition expands Siemens' offering in PCB design for the SMB market and enables greater process coverage, from design to manufacturing preparation

Mazak has promoted Kevin Bates to vice president of sales and regional operations.

Montana State University students interested in crafting metals into machine parts will soon have access to a $2 million lathe that can cut spinning materials so precisely that its end products are measured in fractions of the width of a human hair.